LOAN AGREEMENT



 Exhibit 10.6 
  

 LOAN AGREEMENT 
 AMONG 
 AMERICAN TOWER CORPORATION, 
 AS BORROWER; 
 TORONTO DOMINION (TEXAS) LLC, 
 AS ADMINISTRATIVE AGENT FOR THE LENDERS; 
 THE FINANCIAL INSTITUTIONS WHOSE NAMES APPEAR 
 AS LENDERS ON THE SIGNATURE PAGES HEREOF; 
 AND WITH 
 JPMORGAN CHASE BANK,
N.A., 
 AND 
 THE
TORONTO DOMINION BANK, NEW YORK BRANCH, 
 AS ISSUING BANKS; 
 JPMORGAN CHASE BANK, N.A., 
 AS SYNDICATION AGENT; 
 ROYAL BANK OF SCOTLAND PLC, 
 CITIGROUP GLOBAL MARKETS INC., 
 CALYON NEW YORK BRANCH 
 AND 
 CREDIT SUISSE FIRST BOSTON, 
 AS CO-DOCUMENTATION AGENTS; 
 AND

 J.P. MORGAN SECURITIES INC. AND TD SECURITIES (USA) LLC, 
 AS CO-LEAD ARRANGERS AND JOINT BOOKRUNNERS 
 Dated as of June 8, 2007

 Kilpatrick Stockton LLP 
 Atlanta, Georgia 
  








 TABLE OF CONTENTS 
  


					
	 	  	Page
	 ARTICLE 1 - DEFINITIONS
	  	1
	 Section 1.1
	 	 Definitions
	  	1
	 Section 1.2
	 	 Interpretation
	  	16
	 Section 1.3
	 	 Cross References
	  	16
	 Section 1.4
	 	 Accounting Provisions
	  	17
		
	 ARTICLE 2 - LOANS
	  	17
	 Section 2.1
	 	 The Loans.
	  	17
	 Section 2.2
	 	 Manner of Borrowing and Disbursement.
	  	17
	 Section 2.3
	 	 Interest.
	  	20
	 Section 2.4
	 	 Commitment and Letter of Credit Fees.
	  	21
	 Section 2.5
	 	 Voluntary Commitment Reductions
	  	23
	 Section 2.6
	 	 Prepayments and Repayments.
	  	23
	 Section 2.7
	 	 Notes; Loan Accounts.
	  	24
	 Section 2.8
	 	 Manner of Payment.
	  	24
	 Section 2.9
	 	 Reimbursement.
	  	25
	 Section 2.10
	 	 Pro Rata Treatment.
	  	26
	 Section 2.11
	 	 Capital Adequacy
	  	26
	 Section 2.12
	 	 Lender Tax Forms.
	  	27
	 Section 2.13
	 	 Letters of Credit.
	  	28
	 Section 2.14
	 	 Incremental Facility Advances.
	  	33
		
	 ARTICLE 3 - CONDITIONS PRECEDENT
	  	34
	 Section 3.1
	 	 Conditions Precedent to Effectiveness of this Agreement
	  	34
	 Section 3.2
	 	 Conditions Precedent to Each Advance
	  	35
	 Section 3.3
	 	 Conditions Precedent to Issuance of Letters of Credit
	  	36
		
	 ARTICLE 4 - REPRESENTATIONS AND WARRANTIES
	  	36
	 Section 4.1
	 	 Representations and Warranties
	  	36
	 Section 4.2
	 	 Survival of Representations and Warranties, Etc
	  	39
		
	 ARTICLE 5 - GENERAL COVENANTS
	  	39
	 Section 5.1
	 	 Preservation of Existence and Similar Matters
	  	40
	 Section 5.2
	 	 Compliance with Applicable Law
	  	40
	 Section 5.3
	 	 Maintenance of Properties
	  	40
	 Section 5.4
	 	 Accounting Methods and Financial Records
	  	40
	 Section 5.5
	 	 Insurance
	  	40
	 Section 5.6
	 	 Payment of Taxes and Claims
	  	40
	 Section 5.7
	 	 Visits and Inspections
	  	41
	 Section 5.8
	 	 Use of Proceeds
	  	41
	 Section 5.9
	 	 Indemnity
	  	41

  

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 Table of Contents (continued) 
  

					
	 	  	Page
	 ARTICLE 6 - INFORMATION COVENANTS
	  	42
	 Section 6.1
	 	 Quarterly Financial Statements and Information
	  	42
	 Section 6.2
	 	 Annual Financial Statements and Information
	  	42
	 Section 6.3
	 	 Performance Certificates
	  	42
	 Section 6.4
	 	 Copies of Other Reports.
	  	43
	 Section 6.5
	 	 Notice of Litigation and Other Matters
	  	43
		
	 ARTICLE 7 - NEGATIVE COVENANTS
	  	44
	 Section 7.1
	 	 Indebtedness; Guaranties of the Borrower and its Subsidiaries
	  	44
	 Section 7.2
	 	 Limitation on Liens
	  	45
	 Section 7.3
	 	 Liquidation, Merger or Disposition of Assets.
	  	45
	 Section 7.4
	 	 Restricted Payments
	  	46
	 Section 7.5
	 	 Senior Secured Leverage Ratio
	  	46
	 Section 7.6
	 	 Total Borrower Leverage Ratio
	  	46
	 Section 7.7
	 	 Interest Coverage Ratio
	  	47
	 Section 7.8
	 	 Affiliate Transactions
	  	47
	 Section 7.9
	 	 Sales and Leasebacks
	  	47
	 Section 7.10
	 	 Restrictive Agreements
	  	47
		
	 ARTICLE 8 - DEFAULT
	  	48
	 Section 8.1
	 	 Events of Default
	  	48
	 Section 8.2
	 	 Remedies.
	  	50
	 Section 8.3
	 	 Payments Subsequent to Declaration of Event of Default
	  	51
		
	 ARTICLE 9 - THE ADMINISTRATIVE AGENT
	  	52
	 Section 9.1
	 	 Appointment and Authorization
	  	52
	 Section 9.2
	 	 Interest Holders
	  	52
	 Section 9.3
	 	 Consultation with Counsel
	  	52
	 Section 9.4
	 	 Documents
	  	52
	 Section 9.5
	 	 Administrative Agent and Affiliates
	  	53
	 Section 9.6
	 	 Responsibility of the Administrative Agent and Issuing Banks
	  	53
	 Section 9.7
	 	 Action by the Administrative Agent and Issuing Banks.
	  	53
	 Section 9.8
	 	 Notice of Default or Event of Default
	  	54
	 Section 9.9
	 	 Responsibility Disclaimed
	  	54
	 Section 9.10
	 	 Indemnification
	  	55
	 Section 9.11
	 	 Credit Decision
	  	55
	 Section 9.12
	 	 Successor Administrative Agent
	  	55
	 Section 9.13
	 	 Delegation of Duties
	  	56
	 Section 9.14
	 	 No Responsibilities of the Agents
	  	56
		
	 ARTICLE 10 - CHANGES IN CIRCUMSTANCES AFFECTING LIBOR ADVANCES AND INCREASED COSTS
	  	56
	 Section 10.1
	 	 LIBOR Basis Determination Inadequate or Unfair
	  	56
	 Section 10.2
	 	 Illegality
	  	56








 Table of Contents (continued) 
  

					
	 	  	Page
	 Section 10.3
	 	 Increased Costs and Additional Amounts.
	  	57
	 Section 10.4
	 	 Effect On Other Advances
	  	59
	 Section 10.5
	 	 Claims for Increased Costs and Taxes; Replacement Lenders
	  	59
		
	 ARTICLE 11 - MISCELLANEOUS
	  	60
	 Section 11.1
	 	 Notices.
	  	60
	 Section 11.2
	 	 Expenses
	  	62
	 Section 11.3
	 	 Waivers
	  	62
	 Section 11.4
	 	 Assignment and Participation.
	  	62
	 Section 11.5
	 	 Accounting Principles
	  	66
	 Section 11.6
	 	 Counterparts
	  	67
	 Section 11.7
	 	 Governing Law
	  	67
	 Section 11.8
	 	 Severability
	  	67
	 Section 11.9
	 	 Interest.
	  	67
	 Section 11.10
	 	 Table of Contents and Headings
	  	68
	 Section 11.11
	 	 Amendment and Waiver.
	  	68
	 Section 11.12
	 	 Entire Agreement
	  	69
	 Section 11.13
	 	 Other Relationships; No Fiduciary Relationships
	  	69
	 Section 11.14
	 	 Directly or Indirectly
	  	69
	 Section 11.15
	 	 Reliance on and Survival of Various Provisions
	  	70
	 Section 11.16
	 	 Senior Debt
	  	70
	 Section 11.17
	 	 Obligations
	  	70
	 Section 11.18
	 	 Confidentiality
	  	70
		
	 ARTICLE 12 - WAIVER OF JURY TRIAL
	  	71
	 Section 12.1
	 	 Waiver of Jury Trial
	  	71








 EXHIBITS 
  

			
	 Exhibit A
	 	 Form of Incremental Facility Note

	 Exhibit B
	 	 Form of Notice of Incremental Facility Commitment

	 Exhibit C
	 	 Form of Request for Advance

	 Exhibit D
	 	 Form of Request for Issuance of Letter of Credit

	 Exhibit E
	 	 Form of Revolving Loan Note

	 Exhibit F
	 	 Form of Loan Certificate

	 Exhibit G
	 	 Form of Performance Certificate

	 Exhibit H
	 	 Form of Assignment and Assumption Agreement

	
	SCHEDULES
		
	 Schedule 1
	 	 Commitment Ratios, Lender Names and Notice Addresses

	 Schedule 2
	 	 Existing Letters of Credit

	 Schedule 3
	 	 Subsidiaries on the Agreement Date


  

 (iv) 








 LOAN AGREEMENT 
 This Loan Agreement is made as of June 8, 2007, by and among AMERICAN TOWER CORPORATION, as Borrower, TORONTO DOMINION (TEXAS) LLC, as
Administrative Agent, JPMORGAN CHASE BANK, N.A., as Syndication Agent and an Issuing Bank, THE TORONTO DOMINION BANK, NEW YORK BRANCH, as an Issuing Bank, and the financial institutions whose names appear as lenders on the signature
page hereof (together with any permitted successors and assigns of the foregoing). 
 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, the parties hereby agree as follows: 
 ARTICLE 1 - DEFINITIONS 
 Section 1.1 Definitions. For the purposes of this Agreement: 
 “Acquisition” shall mean (whether by purchase, lease, exchange, issuance of stock or other equity or debt securities, merger,
reorganization or any other method) (i) any acquisition by the Borrower or any of its Subsidiaries of any Person that is not a Subsidiary of the Borrower, which Person shall then become consolidated with the Borrower or such Subsidiary in
accordance with GAAP; (ii) any acquisition by the Borrower or any of its Subsidiaries of all or any substantial part of the assets of any Person that is not a Subsidiary of the Borrower; (iii) any acquisition by the Borrower or any of its
Subsidiaries of any business (or related contracts) primarily engaged in the tower, tower management or related businesses; or (iv) any acquisition by the Borrower or any of its Subsidiaries of any communications towers or communications tower
sites. 
 “Adjusted EBITDA” shall mean, for the twelve (12) month period preceding the calculation date, for the
Borrower and its Subsidiaries on a consolidated basis, the sum of (a) Net Income, plus (b) to the extent deducted in determining Net Income, the sum of (i) Interest Expense, (ii) income tax expense, including, without limitation,
taxes paid or accrued based on income, profits or capital, including state, franchise and similar taxes and foreign withholding taxes, (iii) depreciation and amortization (including, without limitation, amortization of goodwill and other
intangible assets), (iv) extraordinary losses and non-recurring non-cash charges and expenses, (v) all other non-cash charges, expenses and interest (including, without limitation, any non-cash losses in respect of Hedge Agreements,
non-cash impairment charges, non-cash valuation charges for stock option grants or vesting of restricted stock awards or any other non-cash compensation charges, and losses from the early extinguishment of Indebtedness) and (vi) non-recurring
charges and expenses, restructuring charges, transaction expenses (including, without limitation, transaction expenses incurred in connection with any merger or acquisition) and underwriters’ fees, and severance and retention payments in
connection with any merger or acquisition, in each case for such period, less extraordinary gains and cash payments (not otherwise deducted in determining Net Income) made during such period with respect to non-cash charges that were added back in a
prior period; provided, however, (I) with respect to any Person that became a Subsidiary of the Borrower, or was merged with or consolidated into the 








 
Borrower or any of its Subsidiaries, during such period, or any acquisition by the Borrower or any of its Subsidiaries of the assets of any Person during
such period, “Adjusted EBITDA” shall, at the option of the Borrower in respect of any or all of the foregoing, also include the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if
such acquisition, merger or consolidation had occurred on the first day of such period and (II) with respect to any Person that has ceased to be a Subsidiary of the Borrower during such period, or any material assets of the Borrower or any of its
Subsidiaries sold or otherwise disposed of by the Borrower or any of its Subsidiaries during such period, “Adjusted EBITDA” shall exclude the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such
period as if such sale or disposition of such Subsidiary or such assets had occurred on the first day of such period. 
 “Administrative Agent” shall mean Toronto Dominion (Texas) LLC, in its capacity as Administrative Agent for the Lenders and the Issuing Banks, or any successor Administrative Agent appointed pursuant to Section 9.12
hereof. 
 “Administrative Agent’s Office” shall mean the office
of the Administrative Agent located at 77 King Street West, 18th Floor, Toronto, Ontario, Canada M5K IA2, or such
other office as may be designated pursuant to the provisions of Section 11.1 hereof. 
 “Advance” shall mean the
aggregate amounts advanced by the Lenders to the Borrower pursuant to Article 2 hereof on the occasion of any borrowing and having the same Interest Rate Basis and Interest Period; and “Advances” shall mean more than one Advance.

 “Affected Lender” shall have the meaning ascribed thereto in Section 10.5 hereof. 
 “Affiliate” shall mean, with respect to a Person, any other Person directly or indirectly controlling, controlled by, or under common
control with, such first Person. For purposes of this definition, “control”, when used with respect to any Person, means the power to direct or cause the direction of the management and policies of such Person whether by contract or
otherwise. 
 “Agreement” shall mean this Loan Agreement, as amended, supplemented, restated or otherwise modified in
writing from time to time. 
 “Agreement Date” shall mean June 8, 2007. 
 “AMT Subsidiaries” shall mean, collectively, American Towers, Inc., a Delaware corporation, American Tower LLC, a Delaware limited
liability company, American Tower, L.P., a Delaware limited partnership and American Tower International, Inc., a Delaware corporation, each of which is a Subsidiary of the Borrower. 
 “Applicable Debt Rating” shall mean (i) where the Debt Rating from any two of Standard and Poor’s, Moody’s and Fitch is
at the same level, such Debt Rating, and (ii) in the event that each of the Debt Ratings of Standard and Poor’s, Moody’s and Fitch are at different levels, the middle Debt Rating (i.e., the highest and lowest Debt Ratings shall be
disregarded). 
 “Applicable Law” shall mean, in respect of any Person, all provisions of constitutions, statutes, rules,
regulations and orders of governmental bodies or regulatory agencies applicable 

  

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to such Person, including, without limiting the foregoing, the Licenses, the Communications Act, zoning ordinances and all environmental laws, and all
orders, decisions, judgments and decrees of all courts and arbitrators in proceedings or actions to which the Person in question is a party or by which it is bound. 
 “Applicable Margin” shall mean the interest rate margin applicable to Base Rate Advances and LIBOR Advances, as the case may be, in each case determined in accordance with Section 2.3(f) hereof.

 “Attributable Debt” in respect of a transaction of the type described in Section 7.9 hereof shall mean, 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. 
 “Authorized Signatory” shall mean such senior personnel of a Person as may be duly authorized and designated in writing by such Person
to execute documents, agreements and instruments on behalf of such Person. 
 “Available Letter of Credit Commitment” shall
mean, at any time, the lesser of (a) (i) $50,000,000.00 minus (ii) all Letter of Credit Obligations then outstanding, and (b) the Available Revolving Loan Commitment then in effect. 
 “Available Revolving Loan Commitment” shall mean, as of any date, the difference between (i) the Revolving Loan Commitments in
effect on such date minus (ii) the sum of (A) the Revolving Loans then outstanding plus (B) the Letter of Credit Obligations then outstanding. 
 “Base Rate” shall mean, at any time, a fluctuating interest rate per annum equal to the higher of (a) the rate of interest quoted
from time to time by the Administrative Agent as its “prime rate” or “base rate” or (b) the sum of (i) the Federal Funds Rate plus (ii) one-half of one percent (1/2%). The Base Rate is not necessarily the
lowest rate of interest charged by the Administrative Agent in connection with extensions of credit. 
 “Base Rate Advance”
shall mean an Advance which the Borrower requests to be made as a Base Rate Advance or is Converted to a Base Rate Advance, in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least
$1,000,000.00 and in an integral multiple of $500,000.00. 
 “Base Rate Basis” shall mean a simple interest rate equal to
the sum of (i) the Base Rate and (ii) the Applicable Margin applicable to Base Rate Advances for the applicable Loans. The Base Rate Basis shall be adjusted automatically as of the opening of business on the effective date of each change
in the Base Rate to account for such change, and shall also be adjusted to reflect changes of the Applicable Margin applicable to Base Rate Advances. 
 “Borrower” shall mean American Tower Corporation, a Delaware corporation. 
  

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 “Business Day” shall mean a day on which banks and foreign exchange markets are open for
the transaction of business required for this Agreement in Toronto, Canada, New York, New York and London, England, as relevant to the determination to be made or the action to be taken. 
 “Capitalized Lease Obligation” shall mean that portion of any obligation of a Person as lessee under a lease which at the time would be
required to be capitalized on the balance sheet of such lessee in accordance with GAAP. 
 “Change of Control” shall mean
(a) the acquisition, directly or indirectly, by any Person or group (as such term is used in Section 13(d)(3) of the Exchange Act) of more than fifty percent (50%) of the voting power of the voting stock of either the Borrower (if the
Borrower is not a Subsidiary of any Person) or of the ultimate parent entity of which the Borrower is a Subsidiary (if the Borrower is a Subsidiary of any Person), as the case may be, by way of merger or consolidation or otherwise, or (b) a
“change of control” event shall occur under any of the indentures evidencing Indebtedness of the Borrower or any of its Subsidiaries in an aggregate principal amount exceeding $25,000,000 which event entitles the holders of such
Indebtedness to require the repurchase or repayment thereof. 
 “CMBS Facility” shall mean one or more secured loans that
may be included in a commercial real estate securitization transaction. 
 “Code” shall mean the Internal Revenue Code of
1986, as amended from time to time. 
 “Commercial Letter of Credit” shall mean a documentary letter of credit issued in
respect of the purchase of goods or services by the Borrower or any of its Subsidiaries by an Issuing Bank in accordance with the terms of this Agreement. 
 “Commitment Ratio” shall mean the percentage in which a Lender is severally bound to fund its portion of Advances to the Borrower under the Revolving Loan Commitments, as set forth on
Schedule 1 attached hereto (together with dollar amounts) (and which may change from time to time in accordance with Section 11.4 hereof). 
 “Commitments” shall mean, collectively, the Revolving Loan Commitments and, if applicable, the Incremental Facility Commitments. 
 “Communications Act” shall mean the Communications Act of 1934, and any similar or successor Federal statute, and the rules and
regulations of the FCC or other similar or successor agency thereunder, all as the same may be in effect from time to time. 
 “Consolidated Total Assets” shall mean as of any date the total assets of the Borrower and its Subsidiaries on a consolidated basis shown on the consolidated balance sheet of the Borrower and its Subsidiaries as of such
date and determined in accordance with GAAP. 
 “Continue”, “Continuation”, “Continuing”
and “Continued” shall mean the continuation pursuant to Article 2 hereof of a LIBOR Advance as a LIBOR Advance from one Interest Period to a different Interest Period. 
  

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 “Convert”, “Conversion” and “Converted” shall mean a
conversion pursuant to Article 2 hereof of a LIBOR Advance into a Base Rate Advance or of a Base Rate Advance into a LIBOR Advance, as applicable. 
 “Debt Rating” shall mean, as of any date, the senior unsecured debt rating of the Borrower that has been most recently announced by Standard and Poor’s, Moody’s or Fitch, as the case may be. 
 “Default” shall mean any Event of Default, and any of the events specified in Section 8.1 hereof, regardless of whether there shall
have occurred any passage of time or giving of notice, or both, that would be necessary in order to constitute such event an Event of Default. 
 “Default Rate” shall mean a simple per annum interest rate equal to the sum of (a) the then applicable Interest Rate Basis (including the Applicable Margin), and (b) two percent (2.0%). 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as in effect from time to time. 
 “ERISA Affiliate” shall mean any Person, including a Subsidiary or an Affiliate of the Borrower, that is a member of any group of
organizations of which the Borrower is a member and is treated as a single employer with the Borrower under Section 414 of the Code. Notwithstanding the foregoing, no Verestar Entity shall be deemed to be an “ERISA Affiliate”
or part of the “ERISA Affiliates” respectively. 
 “Eurodollar Reserve Percentage” shall mean the
percentage which is in effect from time to time under Regulation D of the Board of Governors of the Federal Reserve System, as such regulation may be amended from time to time, as the maximum reserve requirement applicable with respect to
Eurocurrency Liabilities (as that term is defined in Regulation D), whether or not any Lender has any such Eurocurrency Liabilities subject to such reserve requirement at that time. 
 “Event of Default” shall mean any of the events specified in Section 8.1 hereof; provided, however, that any
requirement stated therein for notice or lapse of time, or both, has been satisfied. 
 “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended. 
 “FCC” shall mean the Federal Communications Commission, or any other similar
or successor agency of the Federal government administering the Communications Act. 
 “February 2004 Senior Notes” shall
mean the 7.50% Senior Notes due 2012 issued by the Borrower pursuant to that certain Indenture dated as of February 4, 2004 as the same may be amended, supplemented or otherwise modified from time to time to the extent not prohibited hereunder
(and any exchange notes issued in connection therewith). 
 “Federal Funds Rate” shall mean, as of any date, the weighted
average of the rates on overnight Federal funds transactions with the members of the Federal Reserve System arranged 

  

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by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding 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 the Administrative Agent from three (3) Federal funds brokers of recognized
standing selected by the Administrative Agent. 
 “Fitch” shall mean Fitch, Inc. (Fitch Ratings), and its successors.

 “GAAP” shall mean generally accepted accounting principles in the United States, consistently applied. 
 “Granting Lender” shall have the meaning ascribed thereto in Section 11.4(j) hereof. 
 “Guaranty”, as applied to an obligation, shall mean and include (a) a guaranty, direct or indirect, in any manner, of all or any
part of such obligation, and (b) any agreement, direct or indirect, contingent or otherwise, the practical effect of which is to assure in any way the payment or performance (or payment of damages in the event of non-performance) of all or any
part of such obligation, including, without limiting the foregoing, any reimbursement obligations as to amounts drawn down by beneficiaries of outstanding letters of credit or capital call requirements; provided, however, that the term
“Guaranty” shall not include guarantees not involving Indebtedness. 
 “Hedge Agreements” shall mean, with
respect to any Person, any agreements or other arrangements to which such Person is a party relating to any rate swap transaction, basis swap, forward rate transaction, interest rate cap transaction, interest rate floor transaction, interest rate
collar transaction, currency swap transaction, cross-currency rate swap transaction, or any other similar transaction, including an option to enter into any of the foregoing or any combination of the foregoing. 
 “Incremental Facility” shall mean the additional Indebtedness that the Borrower may request pursuant to Section 2.14 hereof and
which shall be subject to the terms and conditions of this Agreement. 
 “Incremental Facility Advance” shall mean an
Advance made by any Lender holding an Incremental Facility Commitment pursuant to Section 2.14 hereof. 
 “Incremental Facility
Commitment” shall mean the commitment of any Lender or Lenders to make advances to the Borrower in accordance with Section 2.14 hereof (the Borrower may obtain Incremental Facility Commitments from more than one Lender, which
commitments shall be several obligations of each such Lender); and “Incremental Facility Commitments” shall mean the aggregate of the Incremental Facility Commitments of all Lenders. 
 “Incremental Facility Loans” shall mean the amounts advanced by the Lenders holding an Incremental Facility Commitment to the Borrower
as Incremental Facility Loans under an Incremental Facility Commitment, and evidenced by the Incremental Facility Notes. 
  

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 “Incremental Facility Notes” shall mean those certain Incremental Facility Notes issued
to the Lenders having an Incremental Facility Commitment, which Incremental Facility Notes shall be substantially in the form of Exhibit A attached hereto. 
 “Indebtedness” shall mean, with respect to any Person and without duplication: 
 (a)
indebtedness for money borrowed of such Person and indebtedness of such Person evidenced by notes payable, bonds, debentures or other similar instruments or drafts accepted representing extensions of credit; 
 (b) all indebtedness of such Person upon which interest charges are customarily paid (other than trade payables arising in the ordinary course of
business, but only if and so long as such accounts are payable on customary trade terms); 
 (c) all Capitalized Lease Obligations of such
Person; 
 (d) all reimbursement obligations of such Person with respect to outstanding letters of credit; 
 (e) all indebtedness of such Person issued or assumed as full or partial payment for property or services (other than trade payables arising in the
ordinary course of business, but only if and so long as such accounts are payable on customary trade terms); 
 (f) all net obligations of
such Person under Hedge Agreements valued on a marked to market basis on the date of determination; 
 (g) all direct or indirect obligations
of any other Person secured by any Lien to which any property or asset owned by such Person is subject, but only to the extent of the higher of the fair market value or the book value of the property or asset subject to such Lien (if less than the
amount of such obligation), if the obligation secured thereby shall not have been assumed; and 
 (h) Guaranties by such Person of any of the
foregoing of any other Person; 
 provided, however, that the Capitalized Lease Obligations to TV Azteca described in the public filings of the
Borrower with the Securities and Exchange Commission prior to the Agreement Date shall not be deemed to be, and shall be excluded from, Indebtedness. For purposes of this definition, interest which is accrued but not paid on the scheduled due
date for such interest shall be deemed Indebtedness. 
 “Indemnitee” shall have the meaning ascribed thereto in
Section 5.9 hereof. 
 “Interest Expense” shall mean, for any period, all cash interest expense (including imputed
interest with respect to Capitalized Lease Obligations and commitment fees) with respect to any Indebtedness (including, without limitation, the Obligations) of the Borrower and its Subsidiaries on a consolidated basis during such period pursuant to
the terms of such Indebtedness. 
  

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 “Interest Period” shall mean (a) in connection with any Base Rate Advance, the
period beginning on the date such Advance is made as or Converted to a Base Rate Advance and ending on the last day of the fiscal quarter in which such Advance is made as or Converted to a Base Rate Advance; provided, however, that if
a Base Rate Advance is made or Converted on the last day of any fiscal quarter, it shall have an Interest Period ending on, and its Payment Date shall be, the last day of the following fiscal quarter, and (b) in connection with any LIBOR
Advance, the term of such Advance selected by the Borrower or otherwise determined in accordance with this Agreement. Notwithstanding the foregoing, however, (i) any applicable Interest Period which would otherwise end on a day which is not a
Business Day shall be extended to the next Business Day unless, with respect to LIBOR Advances only, such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day, (ii) any
applicable Interest Period, with respect to LIBOR Advances only, which begins on a day for which there is no numerically corresponding day in the calendar month during which such Interest Period is to end shall (subject to clause (i) above) end
on the last day of such calendar month, and (iii) the Borrower shall not select an Interest Period which extends beyond the Maturity Date or such earlier date as would interfere with the Borrower’s repayment obligations under
Section 2.6 hereof. Interest shall be due and payable with respect to any Advance as provided in Section 2.3 hereof. 
 “Interest Rate Basis” shall mean the Base Rate Basis or the LIBOR Basis, as appropriate. 
 “Investment” shall mean any investment or loan by the Borrower or any of its Subsidiaries in or to any Person which Person, after giving effect to such investment or loan, is not consolidated with the Borrower and its
Subsidiaries in accordance with GAAP. 
 “Issuing Banks” shall mean JPMorgan Chase Bank, N.A. and The Toronto Dominion Bank,
New York Branch, as issuers of the Letters of Credit, and their respective successors and assigns hereunder. 
 “known to the
Borrower”, “to the knowledge of the Borrower” or any similar phrase, shall mean known by or reasonably should have been known by the executive officers of the Borrower (which shall include, without limitation, the chief
executive officer, the chief operating officer, if any, the chief financial officer and the general counsel of the Borrower). 
 “Lenders” shall mean the Persons whose names appear as “Lenders” on the signature pages hereof and any other Person which becomes a “Lender” hereunder after the Agreement Date by executing
(i) an Assignment and Assumption Agreement substantially in the form of Exhibit H attached hereto or (ii) a Notice of Incremental Facility Commitment substantially in the form of Exhibit B attached hereto, in each case in
accordance with the provisions hereof; and “Lender” shall mean any one of the foregoing Lenders. 
 “Letter of
Credit Obligations” shall mean, at any time, the sum of (a) an amount equal to the aggregate undrawn and unexpired amount (including the amount to which any such Letter of Credit can be reinstated pursuant to the terms hereof) of the
then outstanding Letters of Credit and (b) an amount equal to the aggregate drawn, but unreimbursed, drawings on any Letters of Credit. 
  

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 “Letter of Credit Reserve Account” shall mean any account maintained by the
Administrative Agent for the benefit of the Issuing Banks. 
 “Letters of Credit” shall mean, collectively, each Standby
Letter of Credit or Commercial Letter of Credit issued by the Issuing Banks on behalf of the Borrower or any of its Subsidiaries in accordance with the terms hereof, including, without limitation, the existing Letters of Credit set forth on
Schedule 2 attached hereto. 
 “LIBOR” shall mean, for any Interest Period, the rate appearing on the Telerate
Service Page 3750 (or on any such other page as may replace the designated page on the Telerate Service or such other service as may be nominated by the British Bankers’ Association) as of 11:00 a.m. (London, England time) two (2) Business
Days before the first day of such Interest Period as the rate for U.S. dollar deposits, in an amount approximately equal to the principal amount of, and for a length of time approximately equal to the Interest Period for, the LIBOR Advance sought by
the Borrower. 
 “LIBOR Advance” shall mean an Advance which the Borrower requests to be made as, Converted to or Continued
as a LIBOR Advance in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least $5,000,000.00 and in an integral multiple of $1,000,000.00. 
 “LIBOR Basis” shall mean a simple per annum interest rate (rounded upward, if necessary, to the nearest one-hundredth (1/100th) of
one percent (1%)) equal to the sum of (a) the quotient of (i) LIBOR divided by (ii) one (1) minus the Eurodollar Reserve Percentage, if any, stated as a decimal, plus (b) the Applicable Margin. The
LIBOR Basis shall apply to Interest Periods of one (1), two (2), three (3), or six (6) months, and, once determined, shall remain unchanged during the applicable Interest Period, except for changes to reflect adjustments in the Eurodollar
Reserve Percentage and the Applicable Margin as adjusted pursuant to Section 2.3(f) hereof. The LIBOR Basis for any LIBOR Advance shall be adjusted as of the effective date of any change in the Eurodollar Reserve Percentage. 
 “Licenses” shall mean, collectively, any telephone, microwave, radio transmissions, personal communications or other license,
authorization, certificate of compliance, franchise, approval or permit, whether for the construction, the ownership or the operation of any communications tower facilities, granted or issued by the FCC and held by the Borrower or any of its
Subsidiaries. 
 “Lien” shall mean, with respect to any property, any mortgage, lien, pledge, charge, security interest,
title retention agreement or other encumbrance of any kind in respect of such property. 
 “Loan Documents” shall mean,
collectively, this Agreement, the Notes, all fee letters, all Requests for Advance, all Requests for Issuance of Letters of Credit, all Letters of Credit, all Notices of Incremental Facility Commitment, and all other certificates, documents,
instruments and agreements executed or delivered by the Borrower in connection with or contemplated by this Agreement or any other Loan Document. 
  

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 “Loans” shall mean, collectively, the Revolving Loans and, if applicable, the
Incremental Facility Loans. 
 “Majority Lenders” shall mean Lenders the total of whose (a) portion of the Unutilized
Commitments plus (b) Loans then outstanding, exceeds fifty percent (50%) of the sum of (i) the aggregate Unutilized Commitments plus (ii) the aggregate Loans then outstanding, in each case, held by all Lenders
entitled to vote hereunder. 
 “Material Subsidiary” shall mean any Subsidiary of the Borrower whose Adjusted EBITDA, as of
the last day of any fiscal year, is greater than five percent (5%) of the Adjusted EBITDA of the Borrower and its Subsidiaries on a consolidated basis as of such date. 
 “Material Subsidiary Group” shall mean one or more Subsidiaries of the Borrower when taken as a whole whose Adjusted EBITDA, as of the
last day of any fiscal year, is greater than five percent (5%) of the Adjusted EBITDA of the Borrower and its Subsidiaries on a consolidated basis as of such date. 
 “Materially Adverse Effect” shall mean (a) any material adverse effect upon the business, assets, liabilities, financial condition or results of operations of the Borrower and its Subsidiaries,
taken as a whole, or (b) a material adverse effect upon any material rights or benefits of the Lenders or the Administrative Agent under the Loan Documents. 
 “Maturity Date” shall mean June 8, 2012, or such earlier date as payment of the Loans shall be due (whether by acceleration, reduction of the Commitments to zero or otherwise). 
 “Moody’s” shall mean Moody’s Investor’s Service, Inc., and its successors. 
 “Necessary Authorizations” shall mean all approvals and licenses from, and all filings and registrations with, any governmental or other
regulatory authority, including, without limiting the foregoing, the Licenses and all approvals, licenses, filings and registrations under the Communications Act, necessary in order to enable the Borrower and its Subsidiaries to own, construct,
maintain, and operate communications tower facilities and to invest in other Persons who own, construct, maintain, manage and operate communications tower facilities. 
 “Net Income” shall mean, for any period of determination, net income of the Borrower and its Subsidiaries, on a consolidated basis, determined in accordance with GAAP. 
 “Net Proceeds” shall mean, with respect to any sale, lease, transfer or other disposition of assets by, or any insurance or condemnation
proceedings with respect to the assets of, the Borrower or any of its Subsidiaries, the aggregate amount of cash received (including, without limitation, any payments received for non-competition covenants, consulting or management fees in
connection with such sale, and any portion of the amount received evidenced by a promissory note or other evidence of Indebtedness issued by the purchaser), net of (i) amounts reserved, if any, for taxes payable with respect to any such
transaction or proceeding (after application (assuming application, to the extent permitted by Applicable Law, first to such reserves) of any available losses, credits or other offsets), (ii) reasonable and customary transaction costs properly
attributable to such transaction or proceeding and payable by the Borrower or any of its Subsidiaries (other than to an Affiliate) in connection with such 

  

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transaction or proceeding, including, without limitation, commissions, and (iii) until actually received by any the Borrower or any of its Subsidiaries,
any portion of the amount (x) received and held in escrow or (y) evidenced by a promissory note or other evidence of Indebtedness issued by a purchaser or non-compete, consulting or management agreement or covenant or (z) otherwise
for which compensation is paid over time. Upon receipt by the Borrower or any of its Subsidiaries of (A) amounts referred to in item (iii) of the preceding sentence, or (B) if there shall occur any reduction in the tax reserves
referred to in item (i) of the preceding sentence resulting in a payment to the Borrower or any of its Subsidiaries, such amounts shall then be deemed to be “Net Proceeds.” 
 “Non-Consenting Lender” shall have the meaning ascribed thereto in Section 11.11(c) hereof. 
 “Non-Excluded Taxes” shall have the meaning ascribed thereto in Section 10.3(b) hereof. 
 “Non-U.S. Person” shall mean a Person who is not a U.S. Person. 
 “Notes” shall mean, collectively, the Revolving Loan Notes and any Incremental Facility Notes. 
 “Notice of Incremental Facility Commitment” shall mean any Notice of Incremental Facility Commitment by the Borrower executed in
accordance with Section 2.14 hereof, which notice shall be substantially in the form of Exhibit B attached hereto and shall be delivered to the Administrative Agent and the Lenders. 
 “November 2003 Senior Subordinated Notes” shall mean the 7.25% Senior Subordinated Notes due 2011 issued by American Towers, Inc.
pursuant to that certain Indenture dated as of November 18, 2003 as the same may be amended, supplemented or otherwise modified from time to time to the extent not prohibited hereunder (and any exchange notes issued in connection therewith).

 “Obligations” shall mean all payment and performance obligations of every kind, nature and description of the Borrower to
the Lenders, the Issuing Banks or the Administrative Agent, or any of them, under this Agreement and the other Loan Documents (including, without limitation, any interest, fees and other charges on the Loans or otherwise under the Loan Documents
that would accrue but for the filing of a bankruptcy action with respect to the Borrower, whether or not such claim is allowed in such bankruptcy action and the Letter of Credit Obligations), as they may be amended from time to time, or as a result
of making the Loans or issuing Letters of Credit, whether such obligations are direct or indirect, absolute or contingent, due or not due, contractual or based in tort, liquidated or unliquidated, arising by operation of law or otherwise, now
existing or hereafter arising. 
 “October 2004 Senior Notes” shall mean the 7.125% Senior Notes due 2012 issued by the
Borrower pursuant to that certain Indenture dated as of October 5, 2004 as the same may be amended, supplemented or otherwise modified from time to time to the extent not prohibited hereunder (and any exchange notes issued in connection
therewith). 
  

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 “Ownership Interests” shall mean, as applied to any Person, corporate stock and any and
all securities, shares, partnership interests (whether general, limited, special or other), limited liability company interests, membership interests, equity interests, participations, rights or other equivalents (however designated and of any
character) of corporate stock of such Person or any of the foregoing issued by such Person (whether a corporation, a partnership, a limited liability company or another type of entity) and includes, without limitation, securities convertible into
Ownership Interests and rights, warrants or options to acquire Ownership Interests. 
 “Payment Date” shall mean the last
day of any Interest Period. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation, or any successor thereto.

 “Permitted Liens” shall mean, collectively, as applied to any Person: 
 (a) (i) Liens on real estate or other property for taxes, assessments, governmental charges or levies not yet delinquent and (ii) Liens for taxes,
assessments, judgments, governmental charges or levies or claims the non-payment of which is being diligently contested in good faith by appropriate proceedings and for which adequate reserves have been set aside on such Person’s books in
accordance with GAAP; 
 (b) Liens of carriers, warehousemen, mechanics, vendors (solely to the extent arising by operation of law), laborers
and materialmen incurred in the ordinary course of business for sums not yet due or being diligently contested in good faith, if reserves in accordance with GAAP or appropriate provisions shall have been made therefor; 
 (c) Liens incurred in the ordinary course of business in connection with worker’s compensation and unemployment insurance, social security
obligations, assessments or government charges which are not overdue for more than sixty (60) days; 
 (d) restrictions on the transfer
of the Licenses or assets of the Borrower or any of its Subsidiaries imposed by any of the Licenses by the Communications Act and any regulations thereunder; 
 (e) easements, rights-of-way, zoning restrictions, licenses, reservations or restrictions on use and other similar encumbrances on the use of real property which do not materially interfere with the ordinary conduct
of the business of such Person or the use of such property in the operation of the business by such Person; 
 (f) Liens arising by operation
of law in favor of purchasers in connection with any asset sale permitted hereunder; provided, however, that such Lien only encumbers the property being sold; 
 (g) Liens in respect of Capitalized Lease Obligations, so long as such Liens only attach to the assets leased thereunder, and Liens reflected by Uniform
Commercial Code financing statements filed in respect of true leases or subleases of the Borrower or any of its Subsidiaries; 
  

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 (h) Liens to secure performance of statutory obligations, surety or appeal bonds, performance bonds, bids
or tenders; 
 (i) judgment Liens which do not result in an Event of Default under Section 8.1(h) hereof; 
 (j) Liens in connection with escrow or security deposits made in connection with Acquisitions permitted hereunder; 
 (k) Liens created on any Ownership Interests of Subsidiaries of the Borrower that are not Material Subsidiaries held by the Borrower or any of its
Subsidiaries other than in connection with Indebtedness of the Borrower or any of its Subsidiaries; 
 (l) Liens in favor of the Borrower or
any of its Subsidiaries; 
 (m) banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds
maintained with a depositary institution; provided that such deposit account is not (i) a dedicated cash collateral account and is not subject to restrictions against access in excess of those set forth by regulations promulgated by the
Federal Reserve Board or other applicable law; and (ii) intended to provide collateral to the depositary institution; 
 (n) licenses,
sublicenses, leases or subleases granted by the Borrower or any of its Subsidiaries to any other Person in the ordinary course of business; 
 (o) Liens in the nature of trustees’ Liens granted pursuant to any indenture governing any Indebtedness permitted hereunder, in each case in favor of the trustee under such indenture and securing only obligations to pay compensation to
such trustee, to reimburse its expenses and to indemnify it under the terms thereof; and 
 (p) Liens on property of the Borrower or any of
its Subsidiaries at the time the Borrower or such Subsidiary acquired the property, including acquisition by means of a merger or consolidation with or into the Borrower or such Subsidiary, or an acquisition of assets; provided that such
Liens (i) are not created, incurred or assumed in connection with or in contemplation of such acquisition and (ii) may not extend to any other property owned by the Borrower or such Subsidiary. 
 “Person” shall mean an individual, corporation, limited liability company, association, partnership, joint venture, trust or estate, an
unincorporated organization, a government or any agency or political subdivision thereof, or any other entity. 
 “Plan”
shall mean an employee benefit plan within the meaning of Section 3(3) of ERISA or any other employee benefit plan maintained for employees of the Borrower or any of its Subsidiaries or ERISA Affiliates. 
 “Proposed Change” shall have the meaning ascribed thereto in Section 11.11(c) hereof. 
 “Register” shall have the meaning ascribed thereto in Section 11.4(g) hereof. 
  

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 “Replacement Lender” shall have the meaning ascribed thereto in Section 10.5
hereof. 
 “Request for Advance” shall mean a certificate designated as a “Request for Advance,” signed by
an Authorized Signatory of the Borrower requesting an Advance, Continuation or Conversion hereunder, which shall be in substantially the form of Exhibit C attached hereto, and shall, among other things, (i) specify the date of the
requested Advance, Continuation or Conversion (which shall be a Business Day), the amount of the Advance, the type of Advance (LIBOR or Base Rate), and, with respect to LIBOR Advances, the Interest Period with respect thereto, (ii) state that
there shall not exist, on the date of the requested Advance, Continuation or Conversion and after giving effect thereto, a Default, (iii) specify the Applicable Margin then in effect, (iv) designate the amount of the Revolving Loan
Commitments being drawn (if any), and (v) designate the amount of the Revolving Loans and, if applicable, Incremental Facility Loans being Continued or Converted. 
 “Request for Issuance of Letter of Credit” shall mean any certificate signed by an Authorized Signatory of the Borrower requesting that an Issuing Bank issue a Letter of Credit hereunder, which
certificate shall be in substantially the form of Exhibit D attached hereto and shall, among other things, specify (a) that the requested Letter of Credit is either a Commercial Letter of Credit or a Standby Letter of Credit,
(b) the stated amount of the Letter of Credit, (c) the effective date for the issuance of the Letter of Credit (which shall be a Business Day), (d) the date on which the Letter of Credit is to expire (which shall be a Business Day),
(e) the Person for whose benefit such Letter of Credit is to be issued and (f) other relevant terms of such Letter of Credit. 
 “Restricted Payment” shall mean any direct or indirect distribution, dividend or other payment to any Person (other than to the Borrower or any of its Subsidiaries) on account of any Ownership Interests of the Borrower
or any of its Subsidiaries (other than dividends payable solely in Ownership Interests of such Person or in warrants or other rights or options to acquire such Ownership Interests). 
 “Revolving Loan Commitments” shall mean the aggregate portion of the Revolving Loan Commitments held by the Lenders as set forth on
Schedule 1 attached hereto, not to exceed $1,250,000,000.00 in the aggregate; and “Revolving Loan Commitment” shall mean the individual commitment of each such Lender. 
 “Revolving Loan Notes” shall mean, collectively, those certain revolving promissory notes in an aggregate original principal amount of
up to the Revolving Loan Commitments, issued by the Borrower to the Lenders having a Revolving Loan Commitment, each one substantially in the form of Exhibit E attached hereto, and any extensions, renewals or amendments to, or replacements
of, the foregoing. 
 “Revolving Loans” shall mean, collectively, the amounts advanced by the Lenders having Revolving Loan
Commitments to the Borrower under the Revolving Loan Commitments. 
 “Senior Secured Debt” shall mean, for the Borrower and
its Subsidiaries on a consolidated basis as of any date, the aggregate amount of secured Indebtedness of such Persons as of such date (including, without limitation, Indebtedness under the SpectraSite CMBS Facility and Indebtedness under any
additional CMBS Facilities entered into in accordance with Section 7.1(h) hereof). 
  

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 “SPC” shall have the meaning ascribed thereto in Section 11.4(j) hereof.

 “SpectraSite CMBS Facility” shall mean that certain mortgage loan more fully described in the Offering Memorandum dated
April 27, 2007 regarding the $1,750,000,000 American Tower Trust I Commercial Mortgage Pass-Through Certificates, Series 2007-1. 
 “Standard and Poor’s” shall mean Standard and Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors. 
 “Standby Letter of Credit” shall mean a letter of credit issued by an Issuing Bank in accordance with the terms hereof to support
obligations of the Borrower or any of its Subsidiaries incurred in the ordinary course of business, and which is not a Commercial Letter of Credit. 
 “Subsidiary” shall mean, as applied to any Person, (a) any corporation of which no less than fifty percent (50%) of the outstanding stock (other than directors’ qualifying shares) having ordinary voting power
to elect a majority of its board of directors, regardless of the existence at the time of a right of the holders of any class or classes of securities of such corporation to exercise such voting power by reason of the happening of any contingency,
or any partnership or limited liability company of which no less than fifty percent (50%) of the outstanding partnership or limited liability company interests, is at the time owned directly or indirectly by such Person, or by one or more
Subsidiaries of such Person, or by such Person and one or more Subsidiaries of such Person; provided, however, that if such Person and/or such Person’s Subsidiaries directly or indirectly own no more than fifty percent
(50%) of such Subsidiary’s Ownership Interests, then such Subsidiary’s operating or governing documents must require (i) such Subsidiary’s net cash after the establishment of reserves be distributed to its equity holders no
less frequently than quarterly and (ii) the consent of such Person and/or such Person’s Subsidiaries to amend or otherwise modify the provisions of such operating or governing documents requiring such distributions, or (b) any other
entity which is directly or indirectly controlled or capable of being controlled by such Person, or by one or more Subsidiaries of such Person, or by such Person and one or more Subsidiaries of such Person. Notwithstanding the foregoing, no
Unrestricted Subsidiary shall be deemed to be a Subsidiary of the Borrower or any of its Subsidiaries for the purposes of this Agreement or any other Loan Document. 
 “Syndication Agent” shall mean JPMorgan Chase Bank, N.A. 
 “Taxes” shall
have the meaning assigned thereto in Section 10.3(b). 
 “Total Debt” shall mean, for the Borrower and its Subsidiaries
on a consolidated basis as of any date, the sum (without duplication) of (i) the outstanding principal amount of the Loans as of such date, (ii) the aggregate amount of Indebtedness of such Persons as of such date, (iii) the aggregate
amount of all Guaranties by such Persons of Indebtedness as of such date, and (iv) to the extent payable by the Borrower, an amount equal to the aggregate exposure of the Borrower under any Hedge Agreements permitted pursuant to
Section 7.1 hereof, as calculated on a marked to market basis as of the last day of the fiscal quarter being tested or the last day of the most recently completed fiscal quarter, as applicable. 
  

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 “TV Azteca” shall mean TV Azteca, S.A. de C.V., a sociedad anónima de capital
variable organized under the laws of the United Mexican States. 
 “U.S. Person” shall mean a citizen or resident of the
United States of America, a corporation, partnership or other entity created or organized in or under any laws of the United States of America, or any estate or trust that is subject to Federal income taxation regardless of the source of its income.

 “Unrestricted Subsidiary” shall mean (a) any Verestar Entity and (b) any other Subsidiary of the Borrower that
is hereafter designated by the Borrower as an Unrestricted Subsidiary by notice to the Administrative Agent and the Lenders; provided that (i) no Material Subsidiary shall be designated as an Unrestricted Subsidiary without the prior
written consent of the Majority Lenders, and (ii) no Subsidiary of the Borrower may be designated as an Unrestricted Subsidiary after the occurrence and during the continuance of a Default or an Event of Default; provided further that
the designation by the Borrower of a Subsidiary as an Unrestricted Subsidiary may be revoked by the Borrower at any time by notice to the Administrative Agent and the Lenders so long as no Default or Event of Default would be caused thereby, from
and after which time such Subsidiary will no longer be an Unrestricted Subsidiary. 
 “Unutilized Commitments” shall mean
(a) with respect to the Revolving Loan Commitments, the Revolving Loan Commitments minus the Revolving Loans outstanding, and (b) with respect to the Incremental Facility Commitments, if applicable, the Incremental Facility Commitments
minus the Incremental Facility Loans outstanding. 
 “Verestar Entity” shall mean any of Verestar, Inc., a Delaware
corporation, or any Subsidiary of Verestar, Inc. 
 Section 1.2 Interpretation. Except where otherwise specifically restricted,
reference to a party to this Agreement or any other Loan Document includes that party and its successors and assigns. All capitalized terms used herein which are defined in Article 9 of the Uniform Commercial Code in effect in the State of New
York on the date hereof and which are not otherwise defined herein shall have the same meanings herein as set forth therein. Whenever any agreement, promissory note or other instrument or document is defined in this Agreement, such definition shall
be deemed to mean and include, from and after the date of any amendment, restatement, supplement, confirmation or modification thereof, such agreement, promissory note or other instrument or document as so amended, restated, supplemented, confirmed
or modified. All terms defined in this Agreement in the singular shall have comparable meanings when used in the plural and vice versa. The words “hereof,” “herein” and “hereunder” and words of similar import when used
in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. 
 Section 1.3 Cross
References. Unless otherwise specified, references in this Agreement and in each other Loan Document to any Article or Section are references to such Article or Section of this Agreement or such other Loan Document, as the case may be, and,
unless otherwise specified, references in any Article, Section or definition to any clause are references to such clause in such Article, Section or definition. 
  


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 Section 1.4 Accounting Provisions. Subject to Section 11.5, all accounting terms used in this
Agreement which are not expressly defined herein shall have the respective meanings given to them in accordance with GAAP, all computations shall be made in accordance with GAAP, and all balance sheets and other financial statements shall be
prepared in accordance with GAAP. All financial or accounting calculations or determinations required pursuant to this Agreement, unless otherwise expressly provided, shall be made on a consolidated basis for the Borrower and its Subsidiaries.

 ARTICLE 2 - LOANS 
 Section
2.1 The Loans. 
 (a) Revolving Loans. The Lenders having Revolving Loan Commitments agree severally, and not jointly, upon the
terms and subject to the conditions of this Agreement, to lend to the Borrower from time to time prior to the Maturity Date amounts which do not exceed, (i) in the aggregate at any one time outstanding, the Revolving Loan Commitments and,
(ii) individually, such Lender’s Revolving Loan Commitment, in each case, as in effect from time to time; provided, however, that the Borrower may not request (and the Lenders shall have no obligation to make) an Advance
under this Section 2.1(a) in excess of the Available Revolving Loan Commitment on such date. 
 (b) Letters of Credit. Subject to
the terms and conditions of this Agreement, each Issuing Bank agrees to issue Letters of Credit for the account of the Borrower (and on behalf of the Subsidiaries) pursuant to Section 2.13 hereof in an aggregate amount not to exceed the
Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereof. 
 Section 2.2 Manner of
Borrowing and Disbursement. 
 (a) Choice of Interest Rate, Etc. Any Advance hereunder shall, at the option of the Borrower, be
made as a Base Rate Advance or a LIBOR Advance; provided, however, that at such time as there shall have occurred and be continuing a Default hereunder, the Borrower shall not have the right to receive or Continue a LIBOR Advance or to
Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such
Business Day to count toward the minimum number of Business Days required. 
 (b) Base Rate Advances. 
 (i) Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances at least one (1) Business
Day’s irrevocable prior telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower’s failure to confirm any telephonic notice with a Request for 

  

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Advance shall not invalidate any notice so given if acted upon by the Administrative Agent. Upon receipt of such notice from the Borrower, the Administrative
Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof. 
 (ii) Conversions. The
Borrower may, without regard to the applicable Payment Date and upon at least three (3) Business Days’ irrevocable prior telephonic notice followed by a Request for Advance, Convert all or a portion of the principal of a Base Rate Advance
to a LIBOR Advance. On the date indicated by the Borrower, such Base Rate Advance shall be so Converted. The failure to give timely notice hereunder with respect to the Payment Date of any Base Rate Advance shall be considered a request for a Base
Rate Advance. 
 (c) LIBOR Advances. Upon request, the Administrative Agent, whose determination in absence of manifest error shall be
conclusive, shall determine the available LIBOR Bases and shall notify the Borrower of such LIBOR Bases to apply for the applicable LIBOR Advance. 
 (i) Advances. The Borrower shall give the Administrative Agent in the case of LIBOR Advances at least three (3) Business Days’ irrevocable prior telephonic notice followed immediately by a Request for
Advance; provided, however, that the Borrower’s failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given if acted upon by the Administrative Agent. Upon receipt of such notice
from the Borrower, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof. 
 (ii) Conversions and Continuations. At least three (3) Business Days prior to the Payment Date for each LIBOR Advance, the Borrower shall give the Administrative Agent telephonic notice followed by written notice specifying
whether all or a portion of such LIBOR Advance (A) is to be Continued in whole or in part as one or more LIBOR Advances, (B) is to be Converted in whole or in part to a Base Rate Advance, or (C) is to be repaid. The failure to give
such notice shall preclude the Borrower from Continuing such Advance as a LIBOR Advance on its Payment Date and shall be considered a request to Convert such Advance to a Base Rate Advance. Upon such Payment Date such LIBOR Advance will, subject to
the provisions hereof, be so Continued, Converted or repaid, as applicable. 
 (d) Notification of Lenders. Upon receipt of
irrevocable prior telephonic notice in accordance with Section 2.2(b) or (c) hereof or a Request for Advance, or a notice of Conversion or Continuation from the Borrower with respect to any outstanding Advance prior to the Payment Date for
such Advance, the Administrative Agent shall promptly but no later than the close of business on the day of such notice notify each Lender having the applicable Commitment by telephone, followed promptly by written notice or telecopy, of the
contents thereof and the amount of such Lender’s portion of the Advance. Each Lender having the applicable Commitment shall, not later than 12:00 noon (New York, New York time) on the date of borrowing specified in such notice, make available
to the Administrative Agent at the Administrative Agent’s Office, or at such account as the Administrative Agent shall designate, the amount of its portion of any Advance that represents an additional borrowing hereunder in immediately
available funds. 
  

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 (e) Disbursement. 
 (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the
satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the
Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent. 
 (ii) Unless the Administrative Agent shall have received notice from a Lender having an applicable Commitment prior to 12:00 noon (New
York, New York time) on the date of any Advance that such Lender will not make available to the Administrative Agent such Lender’s ratable portion of such Advance, the Administrative Agent may assume that such Lender has made or will make such
portion available to the Administrative Agent on the date of such Advance and the Administrative Agent may in its sole discretion and in reliance upon such assumption, make available to the requesting Borrower on such date a corresponding amount. If
and to the extent an applicable Lender does not make such ratable portion available to the Administrative Agent, such Lender agrees to repay to the Administrative Agent on demand such corresponding amount together with interest thereon, for each day
from the date such amount is made available to the requesting Borrower until the date such amount is repaid to the Administrative Agent, at the Federal Funds Rate. 
 (iii) If such Lender shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such
Lender’s portion of the applicable Advance for purposes of this Agreement. If such Lender does not repay such corresponding amount immediately upon the Administrative Agent’s demand therefor, the Administrative Agent shall notify the
Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent, with interest at the Federal Funds Rate. The failure of any Lender to fund its portion of any Advance shall not relieve any other Lender of its
obligation, if any, hereunder to fund its respective portion of the Advance on the date of such borrowing, but no Lender shall be responsible for any such failure of any other Lender. 
 (iv) In the event that, at any time when there is no Default and each of the conditions in Section 3.2 hereof has been satisfied, a
Lender having an applicable Commitment for any reason fails or refuses to fund its portion of an Advance and such failure shall continue for a period in excess of thirty (30) days, then, until such time as such Lender has funded its portion of
such Advance (which late funding shall not absolve such Lender from any liability it may have to the Borrower), or all other Lenders have received payment in full from the Borrower (whether by repayment or prepayment) or otherwise of the principal
and interest due in respect of such Advance, such non-funding Lender shall not have the right (A) to vote regarding any issue on which voting is 

  

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required or advisable under this Agreement or any other Loan Document, and such Lender’s portion of the applicable Loans and Commitments shall not be
counted as outstanding for purposes of determining “Majority Lenders” hereunder, and (B) to receive payments of principal, interest or fees from the Borrower, the Administrative Agent or the other Lenders in respect of its
portion of the applicable Loans until all applicable Loans of the other Lenders have been fully paid. 
 Section 2.3 Interest.

 (a) On Base Rate Advances. Interest on each Base Rate Advance shall be computed on the basis of a year of 365/366 days for the
actual number of days elapsed and shall be payable at the Base Rate Basis for such Advance, in arrears on the applicable Payment Date. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date. 
 (b) On LIBOR Advances. Interest on each LIBOR Advance shall be computed on the basis of a 360-day year for the actual number of days elapsed and
shall be payable at the LIBOR Basis for such Advance, in arrears on the applicable Payment Date, and, in addition, if the Interest Period for a LIBOR Advance exceeds three (3) months, interest on such LIBOR Advance shall also be due and payable
in arrears on every three (3) month anniversary of the beginning of such Interest Period. Interest on LIBOR Advances then outstanding shall also be due and payable on the Maturity Date. 
 (c) Interest if No Notice of Selection of Interest Rate Basis. If the Borrower fails to give the Administrative Agent timely notice of its
selection of a LIBOR Basis, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance. 
 (d) Interest Upon Event of Default. Immediately upon the occurrence of an Event of Default hereunder, the outstanding principal balance of the
Loans shall bear interest at the Default Rate. Such interest shall be payable on demand by the Majority Lenders and shall accrue until the earlier of (i) waiver or cure of the applicable Event of Default, (ii) agreement by the Majority
Lenders (or, if applicable to the underlying Event of Default, the Lenders) to rescind the charging of interest at the Default Rate or (iii) payment in full of the Obligations. 
 (e) LIBOR Contracts. At no time may the number of outstanding LIBOR Advances hereunder exceed seven (7). 
 (f) Applicable Margin. 
 (i) With respect to any Loans, the Applicable Margin shall be a percentage per annum determined by reference to the Applicable Debt Rating (as such Applicable Debt Rating is determined pursuant to Section 2.3(f)(ii)) in effect on such
date as set forth below: 
  

							
	 	  	 Applicable Debt Rating
	  	 LIBOR Advance
 Applicable Margin
	  	 Base Rate Advance
 Applicable Margin

	 A.
	  	> BBB or Baa2	  	0.400%	  	0.000%
	 B.
	  	BBB or Baa2	  	0.500%	  	0.000%
	 C.
	  	BBB- or Baa3	  	0.625%	  	0.000%
	 D.
	  	BB+ or Ba1	  	0.750%	  	0.000%
	 E.
	  	BB or Ba2	  	1.000%	  	0.000%
	 F.
	  	< BB or Ba2	  	1.250%	  	0.250%

  

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 (ii) Changes in Applicable Margin; Determination of Debt Rating. Changes to the
Applicable Margin shall be effective as of the second (2nd) Business Day after the day on which the Debt Rating changes. Any change to any Debt Rating established by Standard and Poor’s, Moody’s or Fitch shall be effective as of the
date on which such change is first announced publicly by the applicable rating agency making such change and on and after that day the changed Debt Rating shall be the Debt Rating of such rating agency for purposes of this Agreement. If none
of Standard and Poor’s, Moody’s or Fitch shall have in effect a Debt Rating, the Applicable Margin shall be set in accordance with part F of the table set forth in Section 2.3(f)(i). If Standard and Poor’s, Moody’s or Fitch
shall change the basis on which ratings are established, each reference to the Debt Rating announced by Standard and Poor’s, Moody’s or Fitch, as the case may be, shall refer to the then equivalent rating by Standard and Poor’s,
Moody’s or Fitch, as the case may be. 
 Section 2.4 Commitment and Letter of Credit Fees. 
 (a) Commitment Fees. 
 (i) The Borrower agrees to pay to the Administrative Agent for the account of each of the Lenders having a Revolving Loan Commitment in accordance with such Lender’s applicable Commitment Ratio, a commitment fee on the unused Revolving
Loan Commitment of such Lender for each day from the Agreement Date through and including the Maturity Date at the applicable rate set forth below, based upon the Applicable Debt Rating (as such Applicable Debt Rating is determined pursuant to
Section 2.4(a)(ii)) in effect on such date as set forth below: 
  

					
	 	  	 Applicable Debt Rating
	  	 Rate per Annum

	 A.
	  	> BBB or Baa2	  	0.080%
	 B.
	  	BBB or Baa2	  	0.100%
	 C.
	  	BBB- or Baa3	  	0.125%
	 D.
	  	BB+ or Ba1	  	0.150%
	 E.
	  	BB or Ba2	  	0.200%
	 F.
	  	< BB or Ba2	  	0.250%

  

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 Such commitment fee shall be computed on the basis of a year of 365/366 days for the actual number of
days elapsed, shall be payable quarterly in arrears on the last day of each fiscal quarter commencing June 30, 2007 (provided, that if such day is not a Business Day, such commitment fee shall be payable on the next Business Day), and
shall be fully earned when due and non-refundable when paid. A final payment of any commitment fee then payable with respect to the Revolving Loan Commitments shall be due and payable on the Maturity Date. 
 (ii) Changes in Commitment Fee; Determination of Debt Rating. Changes to the commitment fee shall be effective as of the second
(2nd) Business Day after the day on which the Debt Rating changes. Any change to any Debt Rating established by Standard and Poor’s, Moody’s or Fitch shall be effective as of the date on which such change is first announced publicly
by the applicable rating agency making such change and on and after that day the changed Debt Rating for such rating agency shall be the Debt Rating of such rating agency for purposes of this Agreement. If none of Standard and Poor’s,
Moody’s or Fitch shall have in effect a Debt Rating, the Commitment Fee shall be set in accordance with part F of the table set forth in Section 2.4(a)(i). If Standard and Poor’s, Moody’s or Fitch shall change the basis on which
ratings are established, each reference to the Debt Rating announced by Standard and Poor’s, Moody’s or Fitch, as the case may be, shall refer to the then equivalent rating by Standard and Poor’s, Moody’s or Fitch, as the case
may be. 
 (b) Letter of Credit Fees. 
 (i) The Borrower agrees to pay to the applicable Issuing Bank a fee on the stated amount (reduced by the amount of any draws) of any outstanding Letters of Credit from the date of issuance through and including the
expiration date of each such Letter of Credit at a rate of one eighth of one percent (0.125%) per annum, which fee shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed, shall be payable quarterly in arrears
on the last day of each fiscal quarter commencing on June 30, 2007 (provided, that if such day is not a Business Day, such Letter of Credit fee shall be payable on the next Business Day), and shall be fully earned when due and
non-refundable when paid. 
 (ii) The Borrower agrees to pay to the Administrative Agent on behalf of the Lenders having a
Revolving Loan Commitment in accordance with their respective Commitment Ratios for the Revolving Loans (and the Administrative Agent shall promptly pay to the Lenders having a Revolving Loan Commitment), a fee on the stated amount (reduced by the
amount of any draws) of any outstanding Letters of Credit for each day from the date of issuance thereof through the expiration date for each such Letter of Credit at a rate equal to the Applicable Margin for LIBOR Advances under the Revolving Loan
Commitments. Such Letter of Credit fee shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed, shall be payable quarterly in arrears for each quarter on the last Business Day of each fiscal quarter commencing
on June 30, 2007, and shall be fully earned when due and non-refundable when paid. The Letter of Credit fee set forth in this Section 2.4(b)(ii) shall be subject to increase and decrease on the dates and in the amounts set forth in
Section 2.3(f)(i) hereof in the same manner as the adjustment of the Applicable Margin with respect to LIBOR Advances upon satisfaction of the requirements set forth in Section 2.3(f)(i) hereof. 
  

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 Section 2.5 Voluntary Commitment Reductions. The Borrower shall have the right, at any time and
from time to time after the Agreement Date and prior to the Maturity Date, upon at least three (3) Business Days’ prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a
portion of the Revolving Loan Commitments or, if applicable, the Incremental Facility Commitments; provided, however, that any such partial reduction shall be made in an amount not less than $5,000,000.00 and in an integral multiple of
$1,000,000.00. As of the date of cancellation or reduction set forth in such notice, the Revolving Loan Commitments or, if applicable, the Incremental Facility Commitments, shall be permanently reduced to the amount stated in such notice for all
purposes herein, and the Borrower shall pay to the Administrative Agent for the applicable Lenders the amount necessary to reduce the principal amount of the Revolving Loans or, if applicable, the Incremental Facility Loans, then outstanding under
the Revolving Loan Commitments or, if applicable, the Incremental Facility Commitments, to not more than the amount of Revolving Loan Commitments or, if applicable, the Incremental Facility Commitments, respectively, as so reduced, together with
accrued interest on the amount so prepaid and any commitment fees accrued through the date of the reduction with respect to the amount reduced. 
 Section 2.6 Prepayments and Repayments. 
 (a) Prepayment. The principal amount of any Base Rate Advance may be prepaid
in full or ratably in part at any time, without premium or penalty and without regard to the Payment Date for such Advance. The principal amount of any LIBOR Advance may be prepaid in full or ratably in part, upon three (3) Business Days’
prior written notice, or telephonic notice followed immediately by written notice, to the Administrative Agent, without premium or penalty; provided, however, that, to the extent prepaid prior to the applicable Payment Date for such
LIBOR Advance, the Borrower shall reimburse the applicable Lenders, on the earlier of demand by the applicable Lender or the Maturity Date, for any loss or out-of-pocket expense incurred by any such Lender in connection with such prepayment, as set
forth in Section 2.9 hereof; and provided further, however, that the Borrower’s failure to confirm any telephonic notice with a written notice shall not invalidate any notice so given if acted upon by the Administrative
Agent. Any prepayment hereunder shall be in amounts of not less than $2,000,000.00 and in an integral multiple of $1,000,000.00. Amounts prepaid pursuant to this Section 2.6(a) may, with respect to the Revolving Loans, be reborrowed,
subject to the terms and conditions hereof. Amounts prepaid shall be paid together with accrued interest on the amount so prepaid. 
 (b)
Repayments. The Borrower shall repay the Loans as follows: 
 (i) Revolving Loans and Letter of Credit Obligations
in Excess of Revolving Loan Commitments. If, at any time, the amount of the sum of the Revolving Loans and Letter of Credit Obligations (or, if applicable, the Incremental Facility Loans) shall exceed the Revolving Loan Commitments (or, if
applicable, the Incremental Facility Commitments), the Borrower shall, on such date and subject to Section 2.9 hereof, make a repayment of the principal amount of the Revolving Loans 

  

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(or, if applicable, the Incremental Facility Loans), or, if there are no such Loans then outstanding, establish, if applicable, a Letter of Credit Reserve
Account, in each case, in an amount equal to such excess, together with any accrued interest and fees with respect thereto. 
 (ii) Maturity Date. In addition to the foregoing, a final payment of all Loans, together with accrued interest and fees with respect thereto, shall be due and payable on the Maturity Date. 
 Section 2.7 Notes; Loan Accounts. 
 (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein. If requested by a Lender, one (1) Revolving Loan Note and, if applicable, one (1) Incremental Facility Note, in each case duly executed
and delivered by one or more Authorized Signatories of the Borrower, shall be issued by the Borrower and payable to such Lender in accordance with such Lender’s applicable Commitment Ratio for Revolving Loans and, if applicable, the Incremental
Facility Loans. 
 (b) Each Lender may open and maintain on its books in the name of the Borrower a loan account with respect to its portion
of the Loans and interest thereon. Each Lender which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each
payment on account of principal of or interest on its Loans. The records of a Lender with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but
the failure of any Lender to make any such notations or any error or mistake in such notations shall not affect the Borrower’s repayment obligations with respect to such Loans. 
 Section 2.8 Manner of Payment. 
 (a)
Each payment (including, without limitation, any prepayment) by the Borrower on account of the principal of or interest on the Loans, commitment fees and any other amount owed to the Lenders or the Administrative Agent or any of them under this
Agreement or the Notes shall be made not later than 1:00 p.m. (New York, New York time) on the date specified for payment under this Agreement to the Administrative Agent at the Administrative Agent’s Office, for the account of the Lenders or
the Administrative Agent, as the case may be, in lawful money of the United States of America in immediately available funds. Any payment received by the Administrative Agent after 1:00 p.m. (New York, New York time) shall be deemed received on the
next Business Day. Receipt by the Administrative Agent of any payment intended for any Lender or Lenders hereunder prior to 1:00 p.m. (New York, New York time) on any Business Day shall be deemed to constitute receipt by such Lender or Lenders on
such Business Day. In the case of a payment for the account of a Lender, the Administrative Agent will promptly, but no later than the close of business on the date such payment is deemed received, thereafter distribute the amount so received in
like funds to such Lender. If the Administrative Agent shall not have received any payment from the Borrower as 

  

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and when due, the Administrative Agent will promptly notify the applicable Lenders accordingly. In the event that the Administrative Agent shall fail to make
distribution to any Lender as required under this Section 2.8, the Administrative Agent agrees to pay such Lender interest from the date such payment was due until paid at the Federal Funds Rate. 
 (b) The Borrower agrees to pay principal, interest, fees and all other amounts due hereunder or under the Notes without set-off or counterclaim or any
deduction whatsoever. 
 (c) Prior to the acceleration of the Loans under Section 8.2 hereof, if some but less than all amounts due from
the Borrower are received by the Administrative Agent with respect to the Obligations, the Administrative Agent shall distribute such amounts in the following order of priority, all on a pro rata basis to the Lenders: (i) to the payment on a
pro rata basis of any fees or expenses then due and payable to the Administrative Agent and the Issuing Banks, or any of them or expenses then due and payable to the Lenders; (ii) to the payment of interest then due and payable on the Loans on
a pro rata basis and of fees then due and payable to the Lenders on a pro rata basis; (iii) to the payment of all other amounts not otherwise referred to in this Section 2.8(c) then due and payable to the Administrative Agent, the Issuing
Banks and the Lenders, or any of them, hereunder or under the Notes or any other Loan Document; and (iv) to the payment of principal then due and payable on the Loans on a pro rata basis. 
 (d) Subject to any contrary provisions in the definition of Interest Period, if any payment under this Agreement or any of the other Loan Documents is
specified to be made on a day which is not a Business Day, it shall be made on the next Business Day, and such extension of time shall in such case be included in computing interest and fees, if any, in connection with such payment. 
 Section 2.9 Reimbursement. 
 (a)
Whenever any Lender shall sustain or incur any losses or reasonable out-of-pocket expenses in connection with (i) the failure by the Borrower to borrow, Continue or Convert any LIBOR Advance after having given notice of its intention to borrow,
Continue or Convert such Advance in accordance with Section 2.2 hereof (whether by reason of the Borrower’s election not to proceed or the non-fulfillment of any of the conditions set forth in Article 3 hereof), or (ii) the prepayment
other than on the applicable Payment Date (or failure to prepay after giving notice thereof) of any LIBOR Advance in whole or in part for any reason, the Borrower agrees to pay to such Lender, upon such Lender’s demand, an amount sufficient to
compensate such Lender for all such losses and out-of-pocket expenses. Such Lender’s good faith determination of the amount of such losses or out-of-pocket expenses, as set forth in writing and accompanied by calculations in reasonable detail
demonstrating the basis for its demand, shall be presumptively correct absent manifest error. 
 (b) Losses subject to reimbursement
hereunder shall include, without limiting the generality of the foregoing, lost margins, reasonable out-of-pocket expenses incurred by any Lender or any participant of such Lender permitted hereunder in connection with the re-employment 

  

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of funds prepaid, paid, repaid, not borrowed, or not paid, as the case may be, and will be payable whether the Maturity Date is changed by virtue of an
amendment hereto (unless such amendment expressly waives such payment) or as a result of acceleration of the Loans. 
 Section 2.10 Pro
Rata Treatment. 
 (a) Advances. Each Advance under the Revolving Loan Commitments from the Lenders hereunder shall be made pro
rata on the basis of the applicable Commitment Ratios of the Lenders having a Revolving Loan Commitment. 
 (b) Payments. Except as
provided in Section 2.2(e) hereof and Article 10 hereof, each payment and prepayment of principal of, and interest on, the Loans shall be made to the Lenders pro rata on the basis of their respective unpaid principal amounts outstanding under
the applicable Loans immediately prior to such payment or prepayment. If any Lender shall obtain any payment (whether involuntary, through the exercise of any right of set-off, or otherwise) on account of the Loans in excess of its ratable share of
the Loans under its applicable Commitment Ratio, such Lender shall forthwith purchase from the other Lenders such participations in the portion of the applicable Loans made by them as shall be necessary to cause such purchasing Lender to share the
excess payment ratably with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and each such other
Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery. The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.10(b) may, to the fullest extent
permitted by law, exercise all its rights of payment (including, without limitation, the right of set-off) with respect to such participation as fully as if such purchasing Lender were the direct creditor of the Borrower in the amount of such
participation. 
 (c) Commitment Reductions. Any reduction of the Revolving Loan Commitments required or permitted hereunder shall
reduce the Revolving Loan Commitment of each Lender having a Revolving Loan Commitment on a pro rata basis based on the Commitment Ratio of such Lender for the Revolving Loan Commitment. Any reduction of any Incremental Facility Commitment required
or permitted hereunder shall reduce the Incremental Facility Commitment of each Lender having such Incremental Facility Commitment on a pro rata basis based on the Commitment Ratio of such Lender for such Incremental Facility Commitment. 

Section 2.11 Capital Adequacy. If after the date hereof, the adoption of any Applicable Law regarding the capital adequacy of banks or bank
holding companies, or any change in Applicable Law (whether adopted before or after the Agreement Date) or any change in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the
interpretation or administration thereof, or compliance by such Lender (or the bank holding company of such Lender) with any directive regarding capital adequacy (whether or not having the force of law) of any such governmental authority, central
bank or comparable agency, has or would have the effect of reducing the rate of return on any Lender’s capital as a consequence of its obligations hereunder with respect to the Loans and the Commitments to a level below that which it could have
achieved but for such adoption, change 

  

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or compliance (taking into consideration such Lender’s policies with respect to capital adequacy immediately before such adoption, change or compliance
and assuming that such Lender’s (or the bank holding company of such Lender) capital was fully utilized prior to such adoption, change or compliance) by an amount reasonably deemed by such Lender to be material, then, upon demand by such
Lender, the Borrower shall promptly pay to such Lender such additional amounts as shall be sufficient to compensate such Lender (on an after-tax basis) for such reduced return which is reasonably allocable to this Agreement, together with interest
on such amount from the fourth (4th) Business Day after the date of demand or the Maturity Date, as applicable, until payment in full thereof at the Default Rate. A certificate of such Lender setting forth the amount to be paid to such Lender
by the Borrower as a result of any event referred to in this paragraph and supporting calculations in reasonable detail shall be presumptively correct absent manifest error. Notwithstanding any other provision of this Section 2.11, no Lender
shall demand compensation for any increased cost or reduction referred to above if it shall not at the time be the general policy or practice of such Lender to demand such compensation in similar circumstances under comparable provisions of other
credit agreements. 
 Section 2.12 Lender Tax Forms. 
 (a) On or prior to the Agreement Date and on or prior to the first Business Day of each calendar year thereafter, to the extent it may lawfully do so at such time, each Lender which is a Non-U.S. Person shall provide
each of the Administrative Agent and the Borrower (a) if such Lender is a “bank” under Section 881(c)(3)(A) of the Code, with a properly executed original of Internal Revenue Service Form W-8BEN or W-8ECI (or any successor form)
prescribed by the Internal Revenue Service or other documents satisfactory to the Borrower and the Administrative Agent, as the case may be, certifying (i) as to such Lender’s status as exempt from United States withholding taxes with
respect to all payments to be made to such Lender hereunder and under the Notes or (ii) that all payments to be made to such Lender hereunder and under the Notes are subject to such taxes at a rate reduced to zero by an applicable tax treaty,
or (b) if such Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code and intends to claim exemption from U.S. Federal withholding tax under Section 871(h) or 881(c) of the Code with respect to
payments of “portfolio interest”, a Form W-8BEN, or any subsequent versions thereof or successors thereto (and, if such Lender delivers a Form W-8BEN, a certificate representing that such Lender is not a bank for purposes of
Section 881(c) of the Code, is not a ten-percent (10%) shareholder (within the meaning of Section 871(h)(3)(B) of the Code and is not a controlled foreign corporation related to the Borrower (within the meaning of
Section 864(d)(4) of the Code)), properly completed and duly executed by such Lender, indicating that such Lender is entitled to receive payments under this Agreement without deduction or withholding of any United States Federal income taxes as
permitted by the Code. Each such Lender agrees to provide the Administrative Agent and the Borrower with new forms prescribed by the Internal Revenue Service upon the expiration or obsolescence of any previously delivered form, or after the
occurrence of any event requiring a change in the most recent forms delivered by it to the Administrative Agent and the Borrower, in any case, to the extent it may lawfully do so at such time. 
 (b) On or prior to the Agreement Date, and to the extent permitted by applicable U.S. Federal law, on or prior to the first Business Day of each calendar
year thereafter, each Lender which is a U.S. Person shall provide the Administrative Agent and the Borrower a duly completed and executed copy of the Internal Revenue Service Form W-9 or successor form to the effect that it is a U.S. Person.


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 Section 2.13 Letters of Credit. 
 (a) Subject to the terms and conditions hereof, the Issuing Banks, in reliance on the agreements of the Lenders set forth in Section 2.13(d) hereof,
hereby agree to issue one or more Letters of Credit up to an aggregate face amount equal to the Available Letter of Credit Commitment determined immediately prior to giving effect to the issuance thereof; provided, however, that the
Issuing Banks shall not issue any Letter of Credit (i) unless the conditions precedent to the issuance thereof set forth in Section 3.3 hereof have been satisfied, (ii) if any Default then exists or would be caused thereby,
(iii) if, after giving effect to such issuance, the Available Revolving Loan Commitment would be less than zero or (iv) within thirty (30) days preceding the Maturity Date; and provided further, however, that at no time
shall the aggregate amount of the Letter of Credit Obligations outstanding hereunder exceed $50,000,000.00. Each Letter of Credit shall (A) be payable at sight, (B) be denominated in United States dollars, (C) expire, (i) with
respect to Standby Letters of Credit, no later than the earlier to occur of (x) 360 days after its date of issuance (but may contain provisions for automatic renewal; provided that no Default or Event of Default exists on the
renewal date or would be caused by such renewal) and (y) the fifth Business Day preceding the Maturity Date, and (ii) with respect to Commercial Letters of Credit, no later than the earlier to occur of (x) 180 days after its date of
issuance (but may contain provisions for automatic renewal; provided that no Default or Event of Default exists on the renewal date or would be caused by such renewal) and (y) the thirtieth day preceding the Maturity Date. Each Letter of
Credit shall be subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 (or, if and when effective, Publication No. 600) and, to the extent not
inconsistent therewith, the laws of the State of New York. The Issuing Banks shall not at any time be obligated to issue, or cause to be issued, any Letter of Credit if such issuance would conflict with, or cause the Issuing Banks to exceed any
limits imposed by, any Applicable Law. If a Letter of Credit provides that it is automatically renewable unless notice is given by the applicable Issuing Bank that it will not be renewed, such Issuing Bank shall not be bound to give a notice of
non-renewal; provided, however, that during the continuance of a Default, the applicable Issuing Bank shall consult with the Lenders when determining whether to give a notice of non-renewal and shall give a notice of non-renewal if
directed to do so by Lenders having in the aggregate more than fifty percent (50%) of the Revolving Loan Commitment at least sixty-five (65) days prior to the then scheduled expiration date of such Letter of Credit. It is hereby agreed
that the Letters of Credit set forth on Schedule 2 attached hereto are Letters of Credit issued hereunder for all purposes hereunder notwithstanding anything herein that may be construed to the contrary. 
 (b) The Borrower may from time to time request (at its option and in its sole discretion) either Issuing Bank to issue Letters of Credit. The Borrower
shall execute and deliver to the Administrative Agent and applicable Issuing Bank a Request for Issuance of Letter of Credit for each Letter of Credit to be issued by such Issuing Bank not later than 12:00 noon (New York, New York time) on
the fifth (5th) Business Day preceding the date on which the requested Letter of Credit requested is to be issued, or such shorter notice as may be acceptable to such Issuing Bank and the Administrative Agent. Upon receipt of any such 

  

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Request for Issuance of Letter of Credit, subject to satisfaction of all conditions precedent thereto as set forth in Section 3.3 hereof, the applicable
Issuing Bank shall process such Request for Issuance of Letter of Credit and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue
the Letter of Credit requested thereby. The applicable Issuing Bank shall furnish a copy of such Letter of Credit (or any amendment thereto or renewal or extension thereof) to the Borrower, the Administrative Agent and each of the Lenders following
the issuance thereof. The Borrower shall pay or reimburse the applicable Issuing Bank for normal and customary costs and expenses incurred by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering the Letters of
Credit. 
 (c) At such time as the Administrative Agent shall be notified by the applicable Issuing Bank that the beneficiary under any
Letter of Credit has drawn on the same, the Administrative Agent shall promptly notify the Borrower and each Lender having a Revolving Loan Commitment, by telephonic notice, followed promptly by written notice, of the amount of the draw and, in the
case of each such Lender, such Lender’s portion of such draw amount as calculated in accordance with its respective Commitment Ratio under the Revolving Loan Commitment. 
 (d) The Borrower hereby agrees to immediately reimburse the applicable Issuing Bank for amounts paid by such Issuing Bank in respect of draws under a
Letter of Credit issued at the Borrower’s request. In order to facilitate such repayment, the Borrower hereby irrevocably requests the Lenders having a Revolving Loan Commitment, and such Lenders hereby severally agree, on the terms and
conditions of this Agreement (other than as provided in Article 2 hereof with respect to the amounts of, the timing of requests for, and the repayment of Advances hereunder and in Article 3 hereof with respect to conditions precedent to
Advances hereunder), with respect to any honoring of any draw under a Letter of Credit prior to the occurrence of an Event of Default under Section 8.1(f) or (g) hereof, to make an Advance (which Advance may be a LIBOR Advance if the
Borrower so requests in a timely manner or may be Converted to a LIBOR Advance as provided in the Loan Agreement) to the Borrower on each day on which the applicable Issuing Bank honors a draw made under any Letter of Credit and in the amount of
such draw, and to pay the proceeds of such Advance directly to such Issuing Bank to reimburse such Issuing Bank for the amount paid by it upon such draw. Each Lender having a Revolving Loan Commitment shall pay its share of such Advance by paying
its portion of such Advance to the Administrative Agent in accordance with Section 2.2(e) hereof and its respective Commitment Ratio under the Revolving Loan Commitments, without reduction for any set-off or counterclaim of any nature
whatsoever and regardless of whether any Default or Event of Default (other than with respect to an Event of Default under Section 8.1(f) or (g) hereof) then exists or would be caused thereby. If at any time that any Letters of Credit are
outstanding, any of the events described in clauses of Section 8.1(f) or (g) hereof shall have occurred and be continuing, then each Lender having a Revolving Loan Commitment shall, automatically upon the occurrence of any such event and
without any action on the part of the Issuing Banks, the Borrower, the Administrative Agent or such Lenders, be deemed to have purchased an undivided participation in the face amount of all Letters of Credit then outstanding in an amount equal to
such Lender’s respective Commitment Ratio under the Revolving Loan Commitments, and each Lender having a Revolving Loan Commitment shall, notwithstanding such Event of Default, upon a drawing being honored under any Letter of Credit,
immediately 

  

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pay to the Administrative Agent for the account of the applicable Issuing Bank, in immediately available funds, the amount of such Lender’s
participation (and such Issuing Bank shall deliver to such Lender a loan participation certificate dated the date of the occurrence of such event and in the amount of such Lender’s respective Commitment Ratio under the Revolving Loan
Commitments). The disbursement of funds in connection with a draw under a Letter of Credit pursuant to this Section 2.13(d) shall be subject to the terms and conditions of Section 2.2(e) hereof. The obligation of each Lender having a
Revolving Loan Commitment to make payments to the Administrative Agent, for the account of the Issuing Banks, in accordance with this Section 2.13 shall be absolute and unconditional and no such Lender shall be relieved of its obligations to
make such payments by reason of non-compliance by any other Person with the terms of the Letter of Credit or for any other reason. The Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received from the
other Lenders. Any overdue amounts payable by the Lenders having a Revolving Loan Commitment to the applicable Issuing Bank in respect of a draw under any Letter of Credit shall bear interest, payable on demand, at the rate on overnight Federal
funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day by the Federal Reserve Bank of New York. 
 (e) The Borrower agrees that any action taken or omitted to be taken by the Issuing Banks in connection with any Letter of Credit, except for such actions or omissions as shall constitute gross negligence or willful
misconduct on the part of the Issuing Banks, shall be binding on the Borrower as between the Borrower and the Issuing Banks, and shall not result in any liability of the Issuing Banks to the Borrower. The obligation of the Borrower to reimburse the
Lenders for Advances made to reimburse the Issuing Banks for draws under the Letter of Credit shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances
whatsoever, including, without limitation, the following circumstances: 
 (i) any lack of validity or enforceability of any
Loan Document; 
 (ii) any amendment or waiver of or consent to any departure from any or all of the Loan Documents;

 (iii) any improper use which may be made of any Letter of Credit or any improper acts or omissions of any beneficiary or
transferee of any Letter of Credit in connection therewith; 
 (iv) the existence of any claim, set-off, defense or any right
which the Borrower may have at any time against any beneficiary or any transferee of any Letter of Credit (or Persons for whom any such beneficiary or any such transferee may be acting) or any Lender (other than the defense of payment to such Lender
in accordance with the terms of this Agreement) or any other Person, whether in connection with any Letter of Credit, any transaction contemplated by any Letter of Credit, this Agreement, any other Loan Document, or any unrelated transaction;

  

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 (v) any statement or any other documents presented under any Letter of Credit proving to
be insufficient, forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect whatsoever; provided that the same shall not have resulted from gross negligence or willful misconduct of the
applicable Issuing Bank; 
 (vi) the insolvency of any Person issuing any documents in connection with any Letter of Credit;

 (vii) any breach of any agreement between the Borrower and any beneficiary or transferee of any Letter of Credit;
provided that the same shall not have resulted from the gross negligence or willful misconduct of the applicable Issuing Bank; 
 (viii) any irregularity in the transaction with respect to which any Letter of Credit is issued, including any fraud by the beneficiary or any transferee of such Letter of Credit; provided that the same shall
not have resulted from the gross negligence or willful misconduct of the applicable Issuing Bank; 
 (ix) any errors,
omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, wireless or otherwise, whether or not they are in code; provided that the same shall not have resulted from the gross negligence or
willful misconduct of the applicable Issuing Bank; 
 (x) any act, error, neglect or default, omission, insolvency or failure
of business of any of the correspondents of the applicable Issuing Bank; provided that the same shall not have resulted from the gross negligence or willful misconduct of the Issuing Bank; 
 (xi) any other circumstances arising from causes beyond the control of the applicable Issuing Bank; 
 (xii) payment by an Issuing Bank under any Letter of Credit against presentation of a sight draft or a certificate which does not comply
with the terms of such Letter of Credit; provided that the same shall not have resulted from gross negligence or willful misconduct of such Issuing Bank; and 
 (xiii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing; provided that the same shall
not have resulted from the result of gross negligence or willful misconduct of the applicable Issuing Bank or any other Lender. 
 (f) If any
change in Applicable Law, any change in the interpretation or administration thereof, or any change in compliance with Applicable Law by any Issuing Bank or any Lender having a Revolving Loan Commitment as a result of any official request or
directive of any governmental authority, central bank or comparable agency (whether or not having the force of law) shall (i) impose, modify or deem applicable any reserve (including, without limitation, any imposed by the Board of Governors of
the Federal Reserve System), 

  

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special deposit, capital adequacy, assessment or other requirements or conditions against Letters of Credit issued by any Issuing Bank or against
participations by any other Lender in the Letters of Credit or (ii) impose on any Issuing Bank or any other Lender any other condition regarding any Letter of Credit or any participation therein (other than with respect to Taxes, which shall be
governed exclusively by Section 10.3), and the result of any of the foregoing in the reasonable determination of such Issuing Bank or such Lender, as the case may be, is to increase the cost to such Issuing Bank or such Lender of issuing or
maintaining any Letter of Credit or purchasing or maintaining any participation therein, as the case may be, by an amount (which amount shall be reasonably determined) deemed by such Issuing Bank or such Lender to be material, and the designation of
a different lending office will not avoid the need for additional compensation (without creating other unreimbursed costs or disadvantage to such Lender), then, on request by such Issuing Bank or such Lender, the Borrower shall pay, within ten
(10) days after demand, such Issuing Bank or such Lender, as the case may be, such additional amount or amounts as such Issuing Bank or such Lender, as the case may be, so determines will compensate it on an after-tax basis for such increased
costs. A certificate of such Issuing Bank or such Lender setting forth the amount, and in reasonable detail the basis for such Issuing Bank or such Lender’s determination of such amount, to be paid to such Issuing Bank or such Lender by the
Borrower as a result of any event referred to in this paragraph shall, absent manifest error, be conclusive. 
 (g) Each Lender having a
Revolving Loan Commitment shall be responsible for its pro rata share (based on such Lender’s respective Commitment Ratio under the Revolving Loan Commitments) of any and all reasonable out-of-pocket costs, expenses (including reasonable legal
fees) and disbursements which may be incurred or made by any Issuing Bank in connection with the collection of any amounts due under, the administration of, or the presentation or enforcement of any rights conferred by any Letter of Credit, the
Borrower’s or any guarantor’s obligations to reimburse or otherwise. In the event the Borrower shall fail to pay such expenses of an Issuing Bank within ten (10) days after demand for payment by such Issuing Bank, each Lender having a
Revolving Loan Commitment shall thereupon pay to such Issuing Bank its pro rata share (based on such Lender’s respective Commitment Ratio under the Revolving Loan Commitments) of such expenses within five (5) days from the date of such
Issuing Bank’s notice to the Lenders having a Revolving Loan Commitment of the Borrower’s failure to pay; provided, however, that if the Borrower or any guarantor shall thereafter pay such expense, such Issuing Bank will
repay to each Lender having a Revolving Loan Commitment the amounts received from such Lender hereunder. 
 (h) The Borrower agrees that each
Advance by the Lenders having Revolving Loan Commitments to reimburse an Issuing Bank for draws under any Letter of Credit, shall, for all purposes hereunder, be deemed to be an Advance under the Revolving Loan Commitment to the Borrower and shall
be payable and bear interest in accordance with all other Revolving Loans to the Borrower. 
 (i) The Borrower will indemnify and hold
harmless the Administrative Agent, each Issuing Bank and each Lender and each of the foregoing Person’s respective employees, representatives, officers and directors from and against any and all claims, liabilities, obligations, losses (other
than loss of profits), damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including reasonable 

  

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attorneys’ fees, but excluding Taxes, which shall be governed exclusively by Section 10.3) which may be imposed on, incurred by or asserted against
the Administrative Agent, any Issuing Bank or any such Lender in any way relating to or arising out of the issuance of a Letter of Credit, except that the Borrower shall not be liable to the Administrative Agent, any such Issuing Bank or any such
Lender for any portion of such claims, liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements resulting from the gross negligence or willful misconduct of the Person seeking indemnification
as determined by a non-appealable judicial order. This Section 2.13(i) shall survive termination of this Agreement. 
 (j) Within
two (2) Business Days after the issuance of a Letter of Credit, the applicable Issuing Bank shall send a written notice to the Administrative Agent setting forth the face amount, the expiration date and the name of the
beneficiary with respect to such Letter of Credit. Upon any cancellation or termination of a Letter of Credit prior to its stated expiration date, the applicable Issuing Bank shall notify the Administrative Agent of such termination or
cancellation in writing. 
 Section 2.14 Incremental Facility Advances. 
 (a) Subject to the terms and conditions of this Agreement, the Borrower may request an Incremental Facility Commitment (which may be a revolving credit or
term loan facility, but not a letter of credit facility) on any Business Day; provided, however, that (i) the Borrower may not request any Incremental Facility Commitment or an Incremental Facility Advance after the occurrence and
during the continuance of a Default or an Event of Default, including, without limitation, any Default or Event of Default that would result after giving effect to any Incremental Facility Advance and (ii) the aggregate amount of such
Incremental Facilities shall not exceed $500,000,000.00. No Incremental Facility Loans shall have a maturity date earlier than the Maturity Date. The decision of any Lender to provide an Incremental Facility Commitment to the Borrower shall be at
such Lender’s sole discretion and shall be made in writing. The Incremental Facility Commitment of a Lender providing an Incremental Facility Commitment shall, at the request of such Lender, be evidenced by an Incremental Facility Note. Persons
not then Lenders may be included as Lenders holding a portion of such Incremental Facility Commitment with the written approval of the Borrower and the Administrative Agent (such approval not to be unreasonably withheld, delayed, or conditioned).
The Incremental Facility Commitments shall be governed by this Agreement and the other Loan Documents and be on terms and conditions no more restrictive than those set forth herein and therein. The terms and conditions in this Section 2.14 may
be amended with the consent of the Majority Lenders and the Borrower, except to the extent that a specific Lender’s consent is otherwise required with respect to an issuance by such Lender of any Incremental Facility Commitment. 
 (b) Prior to the effectiveness of any Incremental Facility Commitment, the Borrower shall (i) deliver to the Administrative Agent and the Lenders a
Notice of Incremental Facility Commitment and (ii) provide revised projections to the Administrative Agent and the Lenders, which shall be in form and substance reasonably satisfactory to the Administrative Agent and which shall demonstrate the
Borrower’s ability to (x) timely repay its obligations hereunder prior to giving effect to such Incremental Facility Commitment and under such Incremental Facility Commitment and any Incremental Facility Advances thereunder and
(y) comply with the covenants contained in Sections 7.5, 7.6 and 7.7 hereof. 
  

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 (c) Incremental Facility Advances (i) shall bear interest at the Base Rate Basis or the LIBOR Basis;
provided, however that the Applicable Margin with respect thereto shall be as agreed to by the Borrower and the Lenders making such Incremental Facility Advances and (ii) subject to Section 2.14(a) hereof, shall be repaid as
agreed to by the Borrower and the Lenders making such Incremental Facility Advances. 
 (d) Incremental Facility Advances (and Continuations
and Conversions thereof) shall be requested by the Borrower pursuant to a request (which shall be in substantially the form of a Request for Advance) delivered in the same manner as a Request for Advance, but (in the case of Incremental Facility
Advances) shall be funded pro rata only by those Lenders holding an Incremental Facility Commitment. 
 ARTICLE 3 - CONDITIONS PRECEDENT

 Section 3.1 Conditions Precedent to Effectiveness of this Agreement. The effectiveness of this Agreement is subject to the prior or
contemporaneous fulfillment (in the reasonable opinion of the Administrative Agent) or, if applicable, receipt by the Administrative Agent (in each case in form and substance reasonably satisfactory to the Administrative Agent and the Lenders) of
each of the following: 
 (a) this Agreement duly executed by all relevant parties; 
 (b) a loan certificate of the Borrower dated as of the Agreement Date, in substantially the form attached hereto as Exhibit F, including a
certificate of incumbency with respect to each Authorized Signatory of the Borrower, together with the following items: (i) a true, complete and correct copy of the articles of incorporation and by-laws of the Borrower as in effect on the
Agreement Date, (ii) a certificate of good standing for the Borrower issued by the Secretary of State of Delaware, and (iii) a true, complete and correct copy of the resolutions of the Borrower authorizing it to execute, deliver and
perform each of the Loan Documents to which it is a party; 
 (c) legal opinions of (i) Cleary Gottlieb Steen & Hamilton LLP,
special counsel to the Borrower and (ii) Edmund DiSanto, Esq., General Counsel of the Borrower, addressed to each Lender and the Administrative Agent and dated as of the Agreement Date; 
 (d) receipt by the Borrower of all Necessary Authorizations, other than Necessary Authorizations the absence of which would not reasonably be expected to
have, individually or in the aggregate, a Materially Adverse Effect, including all necessary consents to the closing of this Agreement, have been obtained or made, are in full force and effect and are not subject to any pending or, to the knowledge
of the Borrower, threatened reversal or cancellation; 
  

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 (e) each of the representations and warranties in Article 4 hereof are true and correct in all material
respects as of the Agreement Date, and no Default or Event of Default then exists; 
 (f) the documentation that the Administrative Agent and
the Lenders are required to obtain from the Borrower under Section 326 of the USA PATRIOT ACT (P.L. 107-56, 115 Stat. 272 (2001)) and under any other provision of the Patriot Act, the Bank Secrecy Act (P.L. 91-508, 84 Stat. 1118
(1970)) or any regulations under such Act or the Patriot Act that contain document collection requirements that apply to the Administrative Agent; 
 (g) evidence that the principal of and interest on, and all other amounts owing in respect of, (i) all Indebtedness (including any contingent or other amounts payable in respect of letters of credit) outstanding
under that certain Loan Agreement, dated as of October 27, 2005, by and among the AMT Subsidiaries and the financial institutions parties thereto and (ii) all Indebtedness under the November 2003 Senior Subordinated Notes, shall have been
(or shall be simultaneously), in each case, paid in full, that any commitments to extend credit thereunder shall have been canceled or terminated and that all guarantees in respect of, and all Liens securing, such Indebtedness shall have been
released (or arrangements for such release satisfactory to the Administrative Agent shall have been made); provided that the condition precedent in the immediately preceding clause (ii) shall be deemed satisfied so long as (x) less
than $400,000 remains outstanding under the November 2003 Senior Subordinated Notes, and (ii) the indenture governing the November 2003 Senior Subordinated Notes does not restrict the payment of dividends to the Borrower by any Subsidiary of
the Borrower; 
 (h) all fees and expenses required to be paid in connection with this Agreement to the Administrative Agent, the Syndication
Agent, the Issuing Banks and the Lenders shall have been (or shall be simultaneously) paid in full; 
 (i) audited consolidated financial
statements for the last three years, unaudited consolidated financial statements for the first fiscal quarter in 2007, and annual projections through the Maturity Date, in each case of the Borrower and its Subsidiaries; 
 (j) a certificate of the president or chief financial officer of the Borrower as to the financial performance of the Borrower and its Subsidiaries,
substantially in the form of Exhibit G attached hereto, and, to the extent applicable, using information contained in the financial statements delivered pursuant to clause (i) of this Section 3.1 in respect of the first fiscal
quarter of 2007; and 
 (k) Lien and judgment searches with respect to the Borrower and each of its Subsidiaries. 
 Section 3.2 Conditions Precedent to Each Advance. The obligation of the Lenders to make each Advance on or after the Agreement Date is subject to
the fulfillment of each of the following conditions immediately prior to or contemporaneously with such Advance: 
 (a) (i) all of the
representations and warranties of the Borrower under this Agreement and the other Loan Documents, which, pursuant to Section 4.2 hereof, are made at and as of the time of such Advance, shall be true and correct at such time in all material


  

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respects, both before and after giving effect to the application of the proceeds of such Advance, and after giving effect to any updates to information
provided to the Lenders in accordance with the terms of this Agreement, and (ii) no Default or Event of Default hereunder shall then exist or be caused thereby; 
 (b) the Administrative Agent shall have received a duly executed Request for Advance for the Loans; and 
 (c) the incumbency of the Authorized Signatories shall be as stated in the applicable certificate of incumbency contained in the certificate of the Borrower delivered to the Administrative Agent prior to or on the Agreement Date or as
subsequently modified and reflected in a certificate of incumbency delivered to the Administrative Agent and the Lenders having a Revolving Loan Commitment, or an Incremental Facility Commitment. 
 Section 3.3 Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Banks to issue any Letter of Credit hereunder is
subject to the fulfillment of each of the following conditions immediately prior to or contemporaneously with such issuance: 
 (a) all of the
representations and warranties of the Borrower under this Agreement, which, in accordance with Section 4.2 hereof, are made at and as of the time of an Advance, shall be true and correct in all material respects, both before and after giving
effect to the issuance of such Letter of Credit and after giving effect to any updates to information provided to the Lenders in accordance with the terms of this Agreement; 
 (b) the Administrative Agent shall have received a duly executed Request for Issuance of Letter of Credit; 
 (c) the incumbency of the Authorized Signatories shall be as stated in the applicable certificate of incumbency contained in the certificate of the
Borrower delivered to the Administrative Agent prior to or on the Agreement Date or as subsequently modified and reflected in a certificate of incumbency delivered to the Administrative Agent and the Lenders having a Revolving Loan Commitment; and

 (d) there shall not exist, on the date of the issuance of such Letter of Credit and after giving effect thereto, a Default or an Event of
Default hereunder. 
 ARTICLE 4 - REPRESENTATIONS AND WARRANTIES 
 Section 4.1 Representations and Warranties. The Borrower hereby represents and warrants in favor of the Administrative Agent and each Lender that:

 (a) Organization; Ownership; Power; Qualification. The Borrower is a corporation duly organized, validly existing and in good
standing under the laws of the State of Delaware. The Borrower has the power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. The Subsidiaries of the Borrower and the direct and
indirect ownership thereof as of the Agreement Date are as set forth on Schedule 3 attached hereto. As of the Agreement Date and except as would not reasonably be 

  

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expected to have a Materially Adverse Effect, each Subsidiary of the Borrower is a corporation, limited liability company, limited partnership or other legal
entity duly organized or formed, validly existing and in good standing under the laws of the state of its formation and has the power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be
conducted. 
 (b) Authorization; Enforceability. The Borrower has the corporate power, and has taken all necessary action, to
authorize it to borrow hereunder, to execute, deliver and perform this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms, and to consummate the transactions contemplated hereby and
thereby. This Agreement has been duly executed and delivered by the Borrower and is, and each of the other Loan Documents to which the Borrower is party is, a legal, valid and binding obligation of the Borrower and enforceable against the Borrower
in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally and subject, as to enforceability, to general
principles of equity. 
 (c) Compliance with Other Loan Documents and Contemplated Transactions. The execution, delivery and
performance, in accordance with their respective terms, by the Borrower of this Agreement, the Notes, and each of the other Loan Documents, and the consummation of the transactions contemplated hereby and thereby, do not (i) require any consent
or approval, governmental or otherwise, not already obtained, (ii) violate any Applicable Law respecting the Borrower, (iii) conflict with, result in a breach of, or constitute a default under the articles of incorporation or by-laws, as
amended, of the Borrower, or under any indenture, agreement, or other instrument, including without limitation the Licenses, to which the Borrower is a party or by which the Borrower or its respective properties is bound that is material to the
Borrower and its Subsidiaries on a consolidated basis or (iv) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by the Borrower or any of the Material Subsidiaries,
except for Liens permitted pursuant to Section 7.2 hereof. 
 (d) Compliance with Law. The Borrower and its Subsidiaries are in
compliance with all Applicable Law, except where the failure to be in compliance therewith would not individually or in the aggregate have a Materially Adverse Effect. 
 (e) Title to Assets. As of the Agreement Date, the Borrower and its Subsidiaries have good title to, or a valid leasehold interest in, all of their respective assets, except for such exceptions as would not
reasonably be expected to have, individually or in the aggregate, a Materially Adverse Effect. None of the properties or assets of the Borrower or any Material Subsidiary is subject to any Liens, except for Liens permitted pursuant to
Section 7.2 hereof. 
 (f) Litigation. As of the Agreement Date, there is no action, suit, proceeding or investigation pending
against, or, to the knowledge of the Borrower, threatened against the Borrower or any of its Subsidiaries or any of their respective properties, including without limitation the Licenses, in any court or before any arbitrator of any kind or before
or by any governmental body (including, without limitation, the FCC) that (i) calls into question the 

  

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validity of this Agreement or any other Loan Document or (ii) would reasonably be expected to have a Materially Adverse Effect, other than as may be
disclosed in the public filings of the Borrower with the Securities and Exchange Commission prior to the Agreement Date. 
 (g) Taxes.
All Federal income, other material Federal and material state and other tax returns of the Borrower and its Material Subsidiaries required by law to be filed have been duly filed and all Federal income, other material Federal and material state and
other taxes, including, without limitation, withholding taxes, assessments and other governmental charges or levies required to be paid by the Borrower or any of its Subsidiaries or imposed upon the Borrower or any of its Subsidiaries or any of
their respective properties, income, profits or assets, which are due and payable, have been paid, except any such taxes (i) (x) the payment of which the Borrower or any of its Subsidiaries is diligently contesting in good faith by
appropriate proceedings, (y) for which adequate reserves in accordance with GAAP have been provided on the books of such Person, and (z) as to which no Lien other than a Lien permitted pursuant to Section 7.2 hereof has attached, or
(ii) which may result from audits not yet conducted, or (iii) as to which the failure to pay would not reasonably be expected to have a Materially Adverse Effect. 
 (h) Financial Statements. The Borrower has furnished or caused to be furnished to the Administrative Agent and the Lenders as of the Agreement
Date, the audited financial statements for the Borrower and its Subsidiaries on a consolidated basis for the fiscal year ended December 31, 2006, and unaudited financial statements for the Borrower and its Subsidiaries for the fiscal quarter
ended March 31, 2007, all of which have been prepared in accordance with GAAP and present fairly in all material respects the financial position of the Borrower and its Subsidiaries on a consolidated basis, on and as at such dates and the
results of operations for the periods then ended (subject, in the case of unaudited financial statements, to normal year-end and audit adjustments). None of the Borrower or its Subsidiaries has any liabilities, contingent or otherwise, on the
Agreement Date, that are material to the Borrower and its Subsidiaries on a consolidated basis other than as disclosed in the financial statements referred to in the preceding sentence or in the reports filed by the Borrower with the Securities and
Exchange Commission prior to the Agreement Date or the Obligations. 
 (i) No Material Adverse Change. Other than as may be disclosed
in the public filings of the Borrower with the Securities and Exchange Commission prior to the Agreement Date, there has occurred no event since December 31, 2006 which has had or which would reasonably be expected to have a Materially Adverse
Effect. 
 (j) ERISA. The Borrower and its Subsidiaries and, to the best of their knowledge, their ERISA Affiliates have fulfilled
their respective obligations under the minimum funding standards of ERISA and the Code with respect to each Plan and are in compliance in all material respects with the currently applicable provisions of ERISA and the Code except where any failure
or non-compliance would not reasonably be expected to result in a Materially Adverse Effect. 
 (k) Compliance with Regulations U and
X. The Borrower does not own or presently intend to own an amount of “margin stock” as defined in Regulations U and X (12 C.F.R. Parts 221 and 224) of the Board of Governors of the Federal Reserve System 

  

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(“margin stock”) representing twenty-five percent (25%) or more of the total assets of the Borrower, as measured on both a consolidated
and unconsolidated basis. Neither the making of the Loans nor the use of proceeds thereof will violate, or be inconsistent with, the provisions of any of the above-mentioned regulations. 
 (l) Investment Company Act. The Borrower is not required to register under the provisions of the Investment Company Act of 1940, as amended.

 (m) Agreements with Affiliates. As of the Agreement Date, except for agreements or arrangements with Affiliates wherein the
Borrower or a Subsidiary of the Borrower provides services to or receives services from such Affiliates for fair consideration or which are disclosed in the public filings of the Borrower with the Securities and Exchange Commission prior to the
Agreement Date, none of the Borrower or the Material Subsidiaries has (i) any written agreements or binding arrangements of any kind with any Affiliate or (ii) any management or consulting agreements of any kind with any Affiliate, other
than (x) those among the Borrower and/or its Subsidiaries and (y) employment arrangements with executive officers, including, without limitation, stock option grants of the Borrower. 
 (n) Solvency. As of the Agreement Date and after giving effect to the transactions contemplated by the Loan Documents (i) the assets and
property of the Borrower and its Subsidiaries on a consolidated basis, at a fair valuation, will exceed the total amount of liabilities, including contingent liabilities of the Borrower and its Subsidiaries on a consolidated basis; (ii) the
capital of the Borrower and its Subsidiaries on a consolidated basis will not be unreasonably small to conduct its business as such business is now conducted and expected to be conducted following the Agreement Date; (iii) the Borrower and its
Subsidiaries on a consolidated basis will not have incurred debts, or have intended to incur debts, beyond their ability to pay such debts as they mature; and (iv) the present fair salable value of the assets and property of the Borrower and
its Subsidiaries on a consolidated basis will be greater than the amount that will be required to pay their probable liabilities (including debts) as they become absolute and matured. For purposes of this Section, the amount of contingent
liabilities at any time will be computed as the amount that, in light of all the facts and circumstances existing as such time, can reasonably be expected to become an actual or matured liability. 
 Section 4.2 Survival of Representations and Warranties, Etc. All representations and warranties made under this Agreement and any other Loan
Document shall be deemed to be made, and shall be true and correct in all material respects, at and as of the Agreement Date and on the date the making of each Advance except to the extent relating specifically to the Agreement Date. All
representations and warranties made under this Agreement and the other Loan Documents shall survive, and not be waived by, the execution hereof by the Lenders and the Administrative Agent, any investigation or inquiry by any Lender or the
Administrative Agent, or the making of any Advance under this Agreement. 
 ARTICLE 5 - GENERAL COVENANTS 
 So long as any of the Obligations are outstanding and unpaid or the Lenders have an obligation to fund Advances hereunder or any Issuing Bank has an
obligation to issue Letters of Credit hereunder (in each case, whether or not the conditions to borrowing or issuing a Letter of Credit, as applicable, have been or can be fulfilled): 
  

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 Section 5.1 Preservation of Existence and Similar Matters. Except as permitted under
Section 7.3 hereof, the Borrower will, and will cause each of its Subsidiaries to, preserve and maintain its existence, and its material rights, franchises, licenses and privileges in the state of its incorporation or formation, including,
without limitation, the Licenses and all other Necessary Authorizations, except where the failure to do so would not reasonably be expected to have a Materially Adverse Effect. 
 Section 5.2 Compliance with Applicable Law. The Borrower will, and will cause each of its Subsidiaries to comply in all respects with the
requirements of all Applicable Law, except when the failure to comply therewith would not reasonably be expected to have a Materially Adverse Effect. 
 Section 5.3 Maintenance of Properties. The Borrower will, and will cause each of its Subsidiaries to, maintain or cause to be maintained in the ordinary course of business in good repair, working order and
condition (reasonable wear and tear excepted) all properties then used or useful in their respective businesses (whether owned or held under lease) that, individually or in the aggregate, are material to the conduct of the business of the Borrower
and its Subsidiaries on a consolidated basis, except where the failure to maintain would not reasonably be expected to have a Materially Adverse Effect. 
 Section 5.4 Accounting Methods and Financial Records. The Borrower will, and will cause each of its Subsidiaries on a consolidated and consolidating basis to, maintain a system of accounting established and
administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made in accordance with GAAP and reflecting all transactions required to be reflected by GAAP, and keep accurate and complete records
of their respective properties and assets. 
 Section 5.5 Insurance. The Borrower will, and will cause each Material Subsidiary to,
maintain insurance (including self-insurance) with respect to its properties and business that are material to the conduct of the business of the Borrower and its Subsidiaries on a consolidated basis from responsible companies in such amounts and
against such risks as are customary for similarly situated companies engaged in the communications tower industry operating in the same or similar locations, with all premiums thereon to be paid by the Borrower and the Material Subsidiaries.

 Section 5.6 Payment of Taxes and Claims. The Borrower will, and will cause each of its Subsidiaries to, pay and discharge all
Federal income, other material Federal and material state and other taxes required to be paid by them or imposed upon them or their income or profits or upon any properties belonging to them, prior to the date on which penalties attach thereto,
which, if unpaid, might become a Lien or charge upon any of their properties (other than Liens permitted pursuant to Section 7.2 hereof); provided, however, that no such tax, assessment, charge, levy or claim need be paid which is
being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP shall have been set aside on the appropriate books or where the failure to pay would not reasonably be expected to have a
Materially Adverse Effect. 
  

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 Section 5.7 Visits and Inspections. The Borrower will, and will cause each Material Subsidiary to,
permit representatives of the Administrative Agent and any of the Lenders, upon reasonable notice, to (a) visit and inspect the properties of the Borrower or any Material Subsidiary during business hours, (b) inspect and make extracts from
and copies of their respective books and records, and (c) discuss with their respective principal officers and accountants their respective businesses, assets, liabilities, financial positions, results of operations and business prospects, all
at such reasonable times and as often as reasonably requested. 
 Section 5.8 Use of Proceeds. The Borrower will use the aggregate
proceeds of all Advances under the Loans directly or indirectly (a) to refinance in their entirety on the date of the initial Advance all outstanding obligations under that certain Loan Agreement, dated as of October 27, 2005, by and among
the AMT Subsidiaries and the financial institutions parties thereto, and (b) for working capital needs and other general corporate purposes of the Borrower and its Subsidiaries (including, without limitation, to refinance or repurchase
Indebtedness and to purchase issued and outstanding Ownership Interests of the Borrower). 
 Section 5.9 Indemnity. The Borrower
agrees to indemnify and hold harmless each Lender, the Administrative Agent, the Issuing Banks and each of their respective Affiliates, employees, representatives, shareholders, officers and directors (any of the foregoing shall be an
“Indemnitee”) from and against any and all claims, liabilities, obligations, losses, damages, actions, reasonable attorneys’ fees and expenses (as such fees and expenses are reasonably incurred), penalties, judgments, suits,
costs and demands by any party, including the costs of investigating and defending such claims, whether or not the Borrower or the Person seeking indemnification is the prevailing party (a) resulting from any breach or alleged breach by the
Borrower of any representation or warranty made hereunder or under any Loan Document; or (b) otherwise arising out of (i) the Commitments or otherwise under this Agreement, any Loan Document or any transaction contemplated hereby or
thereby, including, without limitation, the use of the proceeds of Loans hereunder in any fashion by the Borrower or the performance of its obligations under the Loan Documents, (ii) allegations of any participation by a Lender, the
Administrative Agent, an Issuing Bank or any of them, in the affairs of the Borrower or any of its Subsidiaries, or allegations that any of them has any joint liability with the Borrower for any reason and (iii) any claims against the Lenders,
the Administrative Agent, the Issuing Banks or any of them, by any shareholder or other investor in or lender to the Borrower, by any brokers or finders or investment advisers or investment bankers retained by the Borrower or by any other third
party, arising out of the Commitments or otherwise under this Agreement, except to the extent that the Person seeking indemnification hereunder is determined in such case to have acted with gross negligence or willful misconduct, in any case, by a
final, non-appealable judicial order. The obligations of the Borrower under this Section 5.9 are in addition to, and shall not otherwise limit, any liabilities which the Borrower might otherwise have in connection with any warranties or similar
obligations of the Borrower in any other Loan Document. 
  

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 ARTICLE 6 - INFORMATION COVENANTS 
 So long as any of the Obligations are outstanding and unpaid or the Lenders have an obligation to fund Advances hereunder or any Issuing Bank has an
obligation to issue Letters of Credit hereunder (in each case, whether or not the conditions to borrowing or to issuing a Letter of Credit, as applicable, have been or can be fulfilled), the Borrower will furnish or cause to be furnished to each
Lender and the Administrative Agent, at their respective offices: 
 Section 6.1 Quarterly Financial Statements and Information. Within
forty-five (45) days after the last day of each of the first three (3) quarters of each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and its Subsidiaries at the end of such quarter and as of the end of the
preceding fiscal year, and the related consolidated statement of operations and the related consolidated statement of cash flows of the Borrower and its Subsidiaries for such quarter and for the elapsed portion of the year ended with the last day of
such quarter, which shall set forth in comparative form such figures as at the end of and for such quarter and appropriate prior period and shall be certified by the chief financial officer of the Borrower to have been prepared in accordance with
GAAP and to present fairly in all material respects the consolidated financial position of the Borrower and its Subsidiaries as at the end of such period and the results of operations for such period, and for the elapsed portion of the year ended
with the last day of such period, subject only to normal year-end and audit adjustments; provided, that notwithstanding anything to the contrary in this Section 6.1, no financial statements delivered pursuant to this Section 6.1
shall be required to include footnotes. 
 Section 6.2 Annual Financial Statements and Information. As soon as available, but in any
event not later than the earlier of (a) the date such deliverables are required (if at all) by the Securities and Exchange Commission and (b) one hundred twenty (120) days after the end of each fiscal year of the Borrower, the audited
consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal year and the related audited consolidated statement of operations for such fiscal year and for the previous fiscal year, the related audited consolidated
statements of cash flow and stockholders’ equity for such fiscal year and for the previous fiscal year, which shall be accompanied by an opinion of Deloitte & Touche, LLP, or other independent certified public accountants of recognized
national standing reasonably acceptable to the Administrative Agent, together with a statement of such accountants (unless the giving of such statement is contrary to accounting practice for the continuing independence of such accountant) that in
connection with their audit, nothing came to their attention that caused them to believe that the Borrower was not in compliance with Sections 7.5, 7.6 and 7.7 hereof insofar as they relate to accounting matters. 
 Section 6.3 Performance Certificates. At the time the financial statements are furnished pursuant to Sections 6.1 and 6.2 hereof, a certificate of
the president or chief financial officer of the Borrower as to the financial performance of the Borrower and its Subsidiaries on a consolidated basis, in substantially the form attached hereto as Exhibit G: 
 (a) setting forth as and at the end of such quarterly period or fiscal year, as the case may be, the arithmetical calculations required to establish
whether or not the Borrower was in compliance with Sections 7.5, 7.6 and 7.7 hereof; and 
 (b) stating that, to the best of his or her
knowledge, no Default has occurred and is continuing as at the end of such quarterly period or year, as the case may be, or, if a Default has occurred, disclosing each such Default and its nature, when it occurred, whether it is continuing and the
steps being taken by the Borrower with respect to such Default. 
  

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 Section 6.4 Copies of Other Reports. 
 (a) Promptly upon receipt thereof, copies of the management letter prepared in connection with the annual audit referred to in Section 6.2 hereof.

 (b) Promptly upon receipt thereof, copies of any adverse notice or report regarding any License that would reasonably be expected to have
a Materially Adverse Effect. 
 (c) From time to time and promptly upon each request, such data, certificates, reports, statements, documents
or further information regarding the business, assets, liabilities, financial position, projections, results of operations or business prospects of the Borrower and its Subsidiaries, as the Administrative Agent or any Lender may reasonably request.

 (d) Prior to January 31st of each year, the annual budget for the Borrower and its Subsidiaries, including, without limitation, on a
consolidated basis, forecasts of the income statement, the balance sheet, a cash flow statement and the capital expenditure budget for such year, on a quarter by quarter basis. 
 (e) Promptly after the sending thereof, copies of all statements, reports and other information which the Borrower sends to public security holders of
the Borrower generally or publicly files with the Securities and Exchange Commission, but solely in the event that any such statement, report or information has not been made publicly available by the Securities and Exchange Commission on the EDGAR
or similar system or by the Borrower on its internet website. 
 Section 6.5 Notice of Litigation and Other Matters. Unless previously
disclosed in the public filings of the Borrower with the Securities and Exchange Commission, notice specifying the nature and status of any of the following events, promptly, but in any event not later than fifteen (15) days after the
occurrence of any of the following events becomes known to the Borrower: 
 (a) the commencement of all proceedings and investigations by or
before any governmental body and all actions and proceedings in any court or before any arbitrator against the Borrower or any of its Subsidiaries or, to the extent known to the Borrower, threatened against the Borrower or any of its Subsidiaries,
which would reasonably be expected to have a Materially Adverse Effect; 
 (b) any material adverse change with respect to the business,
assets, liabilities, financial position, results of operations or business prospects of the Borrower and its Subsidiaries, taken as a whole, other than changes which have not had and would not reasonably be expected to have a Materially Adverse
Effect and other than changes in the industry in which the Borrower or any of its Subsidiaries operates or the economy or business conditions in general; 
  

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 (c) any Default, giving a description thereof and specifying the action proposed to be taken with respect
thereto; and 
 (d) the commencement or threatened commencement of any litigation regarding any Plan or naming it or the trustee of any such
Plan with respect to such Plan or any action taken by the Borrower or any of its Subsidiaries or any ERISA Affiliate of the Borrower to withdraw or partially withdraw from any Plan or to terminate any Plan, that in each case would reasonably be
expected to have a Materially Adverse Effect. 
 ARTICLE 7 - NEGATIVE COVENANTS 
 So long as any of the Obligations are outstanding and unpaid or the Lenders have an obligation to fund Advances hereunder or any Issuing Bank has an
obligation to issue Letters of Credit hereunder (in each case, whether or not the conditions to borrowing or to issuing a Letter of Credit, as applicable, have been or can be fulfilled): 
 Section 7.1 Indebtedness; Guaranties of the Borrower and its Subsidiaries. The Borrower shall not, and shall not permit any of its Subsidiaries to,
create, assume, incur or otherwise become or remain obligated in respect of, or permit to be outstanding, any Indebtedness (including, without limitation, any Guaranty) except: 
 (a) Indebtedness existing on the date hereof and disclosed in the public filings of the Borrower with the Securities and Exchange Commission and any
refinancing, extensions, renewals and replacements (including through open market purchases and tender offers) of any such Indebtedness that do not (i) increase the outstanding principal amount or accreted value thereof (or, in the case of open
market purchases and tender offers, exceed the current market value thereof) plus any accrued interest thereon, the amount of any premiums and any costs and expenses incurred to effect such refinancing, extension, renewal or replacement or
(ii) result in an earlier maturity date or decrease the weighted average life thereof; 
 (b) Indebtedness owed to the Borrower or any
of its Subsidiaries; 
 (c) Indebtedness existing at the time a Subsidiary of the Borrower (not having previously been a Subsidiary)
(i) becomes a Subsidiary of the Borrower or (ii) is merged or consolidated with or into a Subsidiary of the Borrower; provided that such Indebtedness is not created in contemplation of such merger or consolidation; 
 (d) Indebtedness secured by Permitted Liens; 
 (e) Capitalized Lease Obligations; 
 (f) (i) obligations under Hedge Agreements with respect to the Loans and (ii) obligations
under any Hedge Agreements with respect to Indebtedness (other than the Loans); provided that such Hedge Agreements referred to in clause (ii) hereof shall not be speculative in nature; 
  

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 (g) Indebtedness of Subsidiaries of the Borrower, so long as (i) no Default or Event of Default
exists or would be caused thereby and (ii) the principal outstanding amount of such Indebtedness at the time of its incurrence does not exceed (when taken together with (x) the principal outstanding amount at such time of Indebtedness
incurred under Section 7.1(i) hereof (or portion thereof) that is guaranteed by any Subsidiary of the Borrower and (y) the Attributable Debt at such time relating to a transaction of the type described in Section 7.9 hereof entered
into at any time after the Agreement Date) $150,000,000 in the aggregate; 
 (h) Indebtedness under (i) the SpectraSite CMBS Facility
and (ii) any additional CMBS Facilities entered into by the Borrower or any of its Subsidiaries (including any increase of the SpectraSite CMBS Facility) so long as, in each case after giving pro forma effect to such CMBS Facility, the Borrower
is in compliance with Sections 7.5, 7.6 and 7.7 hereof; 
 (i) other Indebtedness of the Borrower so long as, in each case after giving pro
forma effect to such other Indebtedness, the Borrower is in compliance with Sections 7.5, 7.6 and 7.7 hereof; 
 (j) Guaranties by the
Borrower of any of the foregoing except for the Indebtedness set forth under Section 7.1(h) hereof; and 
 (k) Guaranties by any
Subsidiary of the Borrower of any of the foregoing except for the Indebtedness set forth under Section 7.1(h) hereof; provided that there shall be no prohibition against Guaranties by any Subsidiaries of the Borrower that (i) are
special purposes entities directly involved in any CMBS Facilities and (ii) have no material assets other than the direct or indirect Ownership Interests in special purpose entities directly involved in such CMBS Facilities; provided further
that the principal outstanding amount of any Indebtedness set forth in Section 7.1(i) hereof (or portion thereof) that is guaranteed by any Subsidiary of the Borrower shall not exceed (when taken together with (i) the principal outstanding
amount at such time of Indebtedness incurred under Section 7.1(g) hereof and (ii) the Attributable Debt at such time relating to a transaction of the type described in Section 7.9 hereof entered into at any time after the Agreement
Date) $150,000,000 in the aggregate. 
 Section 7.2 Limitation on Liens. The Borrower shall not, and shall not permit any of its
Subsidiaries to, create, assume, incur or permit to exist or to be created, assumed, incurred or permitted to exist, directly or indirectly, any Lien on any of its properties or assets, whether now owned or hereafter acquired, except for
(i) Liens securing the Obligations (if any), (ii) Permitted Liens, and (iii) Liens securing Indebtedness permitted under Section 7.1(a) (but only if and to the extent such Indebtedness (or the Indebtedness which was refinanced,
extended, renewed or replaced) is secured as of the date hereof), (g), (h) or (k) hereof. 
 Section 7.3 Liquidation, Merger or
Disposition of Assets. 
 (a) Disposition of Assets. The Borrower shall not, and shall not permit any of its Subsidiaries to, at
any time sell, lease, abandon, or otherwise dispose of any assets (other than assets disposed of in the ordinary course of business), except for (i) the transfer 

  

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of assets among the Borrower and its Subsidiaries (excluding Subsidiaries of such Persons described in clause (b) of the definition of
“Subsidiary” if the requirements of clause (a) thereof are not otherwise met) or the transfer of assets between or among the Borrower’s Subsidiaries (excluding Subsidiaries of such Persons described in clause (b) of
the definition of “Subsidiary” if the requirements of clause (a) thereof are not otherwise met), (ii) the transfer of assets by the Borrower or any of its Subsidiaries to Unrestricted Subsidiaries representing an amount
not to exceed, in any given fiscal year, five percent (5%) of Adjusted EBITDA of the Borrower and its Subsidiaries on a consolidated basis as of the last day of the immediately preceding fiscal year, or (iii) the disposition of assets for
fair market value so long as no Default or Event of Default exists or will be caused to occur as a result of such disposition; provided that the fair market value of all such assets disposed of by the Borrower and its Subsidiaries during any
fiscal year shall not exceed fifteen percent (15%) of Consolidated Total Assets as of the last day of the immediately preceding fiscal year. For the avoidance of doubt, cash and cash equivalents shall not be considered assets subject to the
provisions of this Section 7.3(a). 
 (b) Liquidation or Merger. The Borrower shall not, at any time, liquidate or dissolve
itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger or consolidation, other than (i) a merger or consolidation among the Borrower and one or more of its Subsidiaries; provided, however,
that the Borrower is the surviving Person, (ii) in connection with an Acquisition permitted hereunder effected by a merger in which the Borrower is the surviving Person, or (iii) a merger or consolidation (including, without limitation, in
connection with an Acquisition permitted hereunder) among the Borrower, on the one hand, and any other Person, on the other hand, where the surviving Person (if other than the Borrower) (A) is a corporation, partnership, or limited liability
company organized and existing under the laws of the United States of America, any State thereof or the District of Columbia, and (B) on the effective date of such merger or consolidation expressly assumes, by supplemental agreement, executed
and delivered to the Administrative Agent, for itself and on behalf of the Lenders and the Issuing Banks, in form and substance reasonably satisfactory to the Majority Lenders, all the Obligations of the Borrower under the Notes, this Agreement and
the other Loan Documents; provided, however, that, in each case, no Default or Event of Default exists or would be caused thereby. 
 Section 7.4 Restricted Payments. The Borrower shall not, and shall not permit any of its Subsidiaries to, make any Restricted Payments; provided, however, that the Borrower and its Subsidiaries may make Restricted
Payments so long as no Default or Event of Default exists or would be caused thereby. 
 Section 7.5 Senior Secured Leverage Ratio.
(a) As of the end of each fiscal quarter and (b) at the time of the incurrence of any Indebtedness, the Borrower shall not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDA, as of
the last day of such fiscal quarter, in the case of clause (a) hereof, or as of the most recently completed fiscal quarter preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2
hereof, in the case of clause (b) hereof, to be greater than 3.00 to 1.00. 
 Section 7.6 Total Borrower Leverage Ratio.
(a) As of the end of each fiscal quarter and (b) at the time of the incurrence of any Indebtedness, the Borrower shall not permit the ratio 

  

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of (i) Total Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, in the case of clause
(a) hereof, or as of the most recently completed fiscal quarter preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2 hereof, in the case of clause (b) hereof, to be greater
than 6.00 to 1.00. 
 Section 7.7 Interest Coverage Ratio. As of the end of each fiscal quarter, based upon the financial statements
delivered pursuant to Section 6.1 or 6.2 hereof for such quarter, the Borrower shall maintain a ratio of (a) Adjusted EBITDA as of the end of such fiscal quarter to (b) Interest Expense for the twelve (12) month period then
ending, of not less than 2.50 to 1.00. 
 Section 7.8 Affiliate Transactions. Except as specifically provided herein (including,
without limitation, Sections 7.1, 7.3 and 7.4 hereof), investments of cash and cash equivalents in Unrestricted Subsidiaries, and as may be disclosed in the public filings of the Borrower with the Securities and Exchange Commission prior to the
Agreement Date, the Borrower shall not, and shall not permit any of its Subsidiaries to, at any time engage in any transaction with an Affiliate, other than between or among the Borrower and/or any Subsidiaries of the Borrower, or make an assignment
or other transfer of any of its properties or assets to any Affiliate, on terms less advantageous in any material respect to the Borrower or such Subsidiary than would be the case if such transaction had been effected with a non-Affiliate.

 Section 7.9 Sales and Leasebacks. The Borrower shall not and shall not permit any of its Subsidiaries to enter into, any
arrangement, directly or indirectly, with any third party whereby the Borrower or any of its Subsidiaries shall sell or transfer any property, real or personal, whether now owned or hereafter acquired, and whereby the Borrower or any of its
Subsidiaries shall then or thereafter rent or lease as lessee such property or any part thereof or other property which the Borrower or any of its Subsidiaries intend to use for substantially the same purpose or purposes as the property sold or
transferred, except for such arrangements for fair market value; provided, however, that the Attributable Debt at any time relating to a transaction of the type described in this Section 7.9 entered into at any time after the
Agreement Date shall not exceed (when taken together with (a) the principal outstanding amount at such time of Indebtedness incurred under Section 7.1(i) hereof (or portion thereof) that is guaranteed by any Subsidiary of the Borrower and
(b) the principal outstanding amount at such time of Indebtedness incurred under Section 7.1(g) hereof) $150,000,000 in the aggregate. 
 Section 7.10 Restrictive Agreements. The Borrower shall not, nor shall the Borrower permit any of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits,
restricts or imposes any condition upon the ability of any Subsidiary of the Borrower to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Borrower or any other
Subsidiary of the Borrower; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by Applicable Law or by any Loan Document, (ii) the foregoing shall not apply to restrictions and conditions
contained in agreements relating to the sale of a Subsidiary of the Borrower pending such sale; provided that such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder,
(iii) the foregoing shall not apply to restrictions and conditions contained in any instrument governing Indebtedness or Ownership Interests of a Person acquired by the Borrower or any of its Subsidiaries as in effect at the time of such
acquisition (except to the extent such Indebtedness was incurred, or such 

  

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Ownership Interests were issued, in connection with or in contemplation of such acquisition), 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, and any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings
of those instruments; provided that the encumbrances or restrictions contained in any such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings, taken as whole, are not materially
more restrictive than the encumbrances or restrictions contained in instruments as in effect on the date of acquisition, (iv) the foregoing shall not apply to restrictions and conditions on cash or other deposits or net worth imposed by
customers or lessors under contracts or leases entered into in the ordinary course of business, (v) the foregoing shall not apply to restrictions and conditions imposed on the transfer of copyrighted or patented materials or other intellectual
property and customary provisions in agreements that restrict the assignment of such agreements or any rights thereunder, (vi) the foregoing shall not apply to restrictions and conditions imposed by contracts or leases entered into in the
ordinary course of business by the Borrower or any of its Subsidiaries with such Person’s customers, lessors or suppliers and (vii) the foregoing shall not apply to restrictions and conditions imposed upon the “borrower”,
“issuer”, “guarantor”, “pledgor” or “lender” entities under CMBS Facilities permitted under Section 7.1(h) hereof or which arise in connection with any payment default regarding Indebtedness otherwise
permitted under Section 7.1 hereof. 
 ARTICLE 8 - DEFAULT 
 Section 8.1 Events of Default. Each of the following shall constitute an Event of Default, whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of law
or pursuant to any judgment or order of any court or any order, rule or regulation of any governmental or non-governmental body: 
 (a) any
representation or warranty made under this Agreement shall prove to be incorrect in any material respect when made or deemed to be made pursuant to Section 4.2 hereof; 
 (b) the Borrower shall default in the payment of (i) any interest hereunder or under any of the Notes or fees or other amounts payable to the
Lenders and the Administrative Agent under any of the Loan Documents, or any of them, when due, and such Default shall not be cured by payment in full within three (3) Business Days from the due date or (ii) any principal hereunder or
under any of the Notes when due; 
 (c) the Borrower or any Material Subsidiary, as applicable, shall default in the performance or
observance of any agreement or covenant contained in Sections 5.8, 7.1, 7.2, 7.3, 7.4, 7.5, 7.6, 7.7 and 7.10 hereof; 
 (d) the Borrower or
any of its Subsidiaries, as applicable, shall default in the performance or observance of any other agreement or covenant contained in this Agreement not specifically referred to elsewhere in this Section 8.1, and such default shall not be
cured within a period of thirty (30) days (or with respect to Sections 5.3, 5.4, 5.5, 5.6, 6.4, 6.5, 7.8 and 7.9 hereof, such longer period not to exceed sixty (60) days if such default is curable 

  

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within such period and the Borrower is proceeding in good faith with all diligent efforts to cure such default) from the later of (i) occurrence of such
Default and (ii) the date on which such Default became known to the Borrower; 
 (e) there shall occur any default in the performance or
observance of any agreement or covenant or breach of any representation or warranty contained in any of the Loan Documents (other than this Agreement or as otherwise provided in this Section 8.1) by the Borrower, which shall not be cured within
a period of thirty (30) days (or such longer period not to exceed sixty (60) days if such default is curable within such period and the Borrower is proceeding in good faith with all diligent efforts to cure such default) from the date on
which such default became known to any of the Borrower; 
 (f) there shall be entered and remain unstayed a decree or order for relief in
respect of the Borrower or any Material Subsidiary Group under Title 11 of the United States Code, as now constituted or hereafter amended, or any other applicable Federal or state bankruptcy law or other similar law, or appointing a receiver,
liquidator, assignee, trustee, custodian, sequestrator or similar official of the Borrower or any Material Subsidiary Group, or of any substantial part of their respective properties, or ordering the winding-up or liquidation of the affairs of the
Borrower or any Material Subsidiary Group; or an involuntary petition shall be filed against the Borrower or any Material Subsidiary Group, and (i) such petition shall not be diligently contested, or (ii) any such petition shall continue
undismissed or unstayed for a period of ninety (90) consecutive days; 
 (g) the Borrower or any Material Subsidiary Group shall file a
petition, answer or consent seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other applicable Federal or state bankruptcy law or other similar law, or the Borrower or any Material Subsidiary
Group shall consent to the institution of proceedings thereunder or to the filing of any such petition or to the appointment or taking of possession of a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of
the Borrower or any Material Subsidiary Group or of any substantial part of their respective properties, or the Borrower or any Material Subsidiary Group shall fail generally to pay their respective debts as they become due or shall be adjudicated
insolvent; or the Borrower or any Material Subsidiary Group shall take any action in furtherance of any such action; 
 (h) a judgment not
covered by insurance or indemnification, where the indemnifying party has agreed to indemnify and is financially able to do so, shall be entered by any court against the Borrower or any Material Subsidiary Group for the payment of money which
exceeds singly, or in the aggregate with other such judgments, $25,000,000.00, or a warrant of attachment or execution or similar process shall be issued or levied against property of the Borrower or any Material Subsidiary Group which, together
with all other such property of the Borrower or any Material Subsidiary Group subject to other such process, exceeds in value $25,000,000.00 in the aggregate, and if, within thirty (30) days after the entry, issue or levy thereof, such
judgment, warrant or process shall not have been paid or discharged or stayed pending appeal or removed to bond, or if, after the expiration of any such stay, such judgment, warrant or process, shall not have been paid or discharged or removed to
bond; 
  

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 (i) except to the extent that would not reasonably be expected to have a Materially Adverse Effect
collectively or individually, (i) there shall be at any time any “accumulated funding deficiency,” as defined in ERISA or in Section 412 of the Code, with respect to any Plan maintained by the Borrower, any of its Subsidiaries or
any ERISA Affiliate, or to which the Borrower, any of its Subsidiaries or any ERISA Affiliate has any liabilities, or any trust created thereunder; (ii) a trustee shall be appointed by a United States District Court to administer any such Plan;
(iii) PBGC shall institute proceedings to terminate any such Plan; (iv) the Borrower, any of its Subsidiaries or any ERISA Affiliate shall incur any liability to PBGC in connection with the termination of any such Plan; or (v) any
Plan or trust created under any Plan of the Borrower, any of its Subsidiaries or any ERISA Affiliate shall engage in a “prohibited transaction” (as such term is defined in Section 406 of ERISA or Section 4975 of the Code) which
would subject any such Plan, any trust created thereunder, any trustee or administrator thereof, or any party dealing with any such Plan or trust to material tax or penalty on “prohibited transactions” imposed by Section 502 of ERISA
or Section 4975 of the Code; 
 (j) there shall occur (i) any acceleration of the maturity of any Indebtedness of the Borrower or
any Material Subsidiary in an aggregate principal amount exceeding $25,000,000.00, or, as a result of a failure to comply with the terms thereof, such Indebtedness shall otherwise have become due and payable prior to its scheduled maturity; or
(ii) any failure to make any payment when due (after any applicable grace period) with respect to any Indebtedness of the Borrower or any Material Subsidiary (other than the Obligations) in an aggregate principal amount exceeding
$25,000,000.00; provided that in no event shall any of the foregoing apply to Indebtedness of any Subsidiary of the Borrower that is designated as of the Agreement Date as an “Unrestricted Subsidiary” under the indentures governing
the February 2004 Senior Notes or October 2004 Senior Notes; 
 (k) any material Loan Document or any material provision thereof, shall at
any time and for any reason be declared by a court of competent jurisdiction to be null and void, or a proceeding shall be commenced by the Borrower or by any governmental authority having jurisdiction over the Borrower seeking to establish the
invalidity or unenforceability thereof (exclusive of questions of interpretation of any provision thereof), or the Borrower shall deny that it has any liability or obligation for the payment of principal or interest purported to be created under any
Loan Document (other than in accordance with its terms); or 
 (l) there shall occur any Change of Control. 
 Section 8.2 Remedies. 
 (a) If an
Event of Default specified in Section 8.1 (other than an Event of Default under Section 8.1(f) or (g) hereof) shall have occurred and shall be continuing, the Administrative Agent, at the request of the Majority Lenders but subject to
Section 9.8 hereof, shall (i) (A) terminate the Revolving Loan Commitments (and, if applicable, the Incremental Facility Commitments) and/or (B) declare the principal of and interest on the Loans and the Notes, if any, and all
other amounts owed to the Lenders, the Issuing Banks and the Administrative Agent under this Agreement, the Notes and any other Loan Documents to be forthwith due and payable without presentment, demand, protest or other notice of any kind, all of
which are hereby expressly waived, anything in this Agreement, the Notes or any other Loan 

  

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Document to the contrary notwithstanding, and the Revolving Loan Commitments (and, if applicable, the Incremental Facility Commitments) shall thereupon
forthwith terminate, and (ii) require the Borrower to, and the Borrower shall thereupon, deposit in an interest bearing account with the Administrative Agent, as cash collateral for the Obligations, an amount equal to the maximum amount
currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower hereby pledges to the Administrative Agent, the Lenders having a Revolving Loan Commitment (and, if applicable, the Incremental Facility
Loan Commitments) and the Issuing Banks and grants to them a security interest in, all such cash as security for the Obligations. 
 (b) Upon
the occurrence and continuance of an Event of Default specified in Section 8.1(f) or (g) hereof, all principal, interest and other amounts due hereunder and under the Notes, and all other Obligations, shall thereupon and concurrently
therewith become due and payable and the Revolving Loan Commitments (and, if applicable, the Incremental Facility Commitments) shall forthwith terminate and the principal amount of the Loans outstanding hereunder shall bear interest at the Default
Rate, and the Borrower shall thereupon forthwith deposit in an interest bearing account with the Administrative Agent, as cash collateral for the Obligations, an amount equal to the maximum amount currently or at any time thereafter available to be
drawn on all outstanding Letters of Credit, all without any action by the Administrative Agent, the Lenders, the Majority Lenders, the Issuing Banks, or any of them, and without presentment, demand, protest or other notice of any kind, all of which
are expressly waived, anything in this Agreement or in the other Loan Documents to the contrary notwithstanding. 
 (c) Upon acceleration of
the Loans, as provided in Section 8.2(a) or (b) hereof, the Administrative Agent, the Issuing Banks and the Lenders shall have all of the post-default rights granted to them, or any of them, as applicable under the Loan Documents and under
Applicable Law. 
 (d) The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder shall be cumulative,
and not exclusive. 
 (e) In the event that the Administrative Agent establishes a cash collateral account as contemplated by this
Section 8.2, the Administrative Agent shall invest all funds in such account in such investments as the Administrative Agent, in its sole and absolute discretion, in good faith deems appropriate. The Borrower hereby acknowledges and agrees that
any interest earned on such funds shall be retained by the Administrative Agent as additional collateral for the Obligations. Upon satisfaction in full of all Obligations and the termination of the Commitments, the Administrative Agent shall pay any
amounts then held in such account to the Borrower. 
 Section 8.3 Payments Subsequent to Declaration of Event of Default. Subsequent
to the acceleration of the Loans under Section 8.2 hereof, payments and prepayments under this Agreement made to the Administrative Agent, the Issuing Banks and the Lenders or otherwise received by any of such Persons shall be paid over to the
Administrative Agent (if necessary) and distributed by the Administrative Agent as follows: first, to the Administrative Agent’s, Lenders’ and Issuing Banks’ reasonable costs and expenses, if any, incurred in connection with
the 

  

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collection of such payment or prepayment, including, without limitation, all amounts under Section 11.2(b) hereof; second, to the Administrative
Agent and the Issuing Banks for any fees hereunder or under any of the other Loan Documents then due and payable; third, to the Lenders pro rata on the basis of their respective unpaid principal amounts (except as provided in
Section 2.2(e) hereof), for the payment of any unpaid interest which may have accrued on the Obligations and any fees hereunder or under any of the other Loan Documents then due and payable; fourth, to the Lenders pro rata until all
Loans have been paid in full and participations in the Letters of Credit purchased by the Lenders pursuant to Section 2.13(d) hereof shall be paid on a pro rata basis with the Loans), for the payment of the Loans (including the aforementioned
obligations under Hedge Agreements and participations in the Letters of Credit); fifth, to the Lenders pro rata on the basis of their respective unpaid amounts, for the payment of any other unpaid Obligations; and sixth, to the
Borrower or as otherwise required by Applicable Law. 
 ARTICLE 9 - THE ADMINISTRATIVE AGENT 
 Section 9.1 Appointment and Authorization. Each Lender hereby appoints and authorizes, and hereby agrees that it will require any transferee of
any of its interest in its portion of the Loans and in its Note, if any, to appoint and authorize, the Administrative Agent to take such actions as its agent on its behalf and to exercise such powers hereunder and under the other Loan Documents as
are delegated by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Neither the Administrative Agent, nor any of its respective directors, officers, employees or agents, shall be liable for any action taken
or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct as determined by a final, non-appealable judicial order of a court of competent jurisdiction. 
 Section 9.2 Interest Holders. The Administrative Agent may treat each Lender, or the Person designated in the last notice filed with the
Administrative Agent, as the holder of all of the interests of such Lender in its portion of the Loans and in its Note, if any, until written notice of transfer, signed by such Lender (or the Person designated in the last notice filed with the
Administrative Agent) and by the Person designated in such written notice of transfer, in form and substance satisfactory to the Administrative Agent, shall have been filed with the Administrative Agent. 
 Section 9.3 Consultation with Counsel. The Administrative Agent may consult with Kilpatrick Stockton LLP, Atlanta, Georgia, special counsel to the
Administrative Agent, or with other legal counsel selected by it and shall not be liable for any action taken or suffered by it in good faith in consultation with the Majority Lenders and in reasonable reliance on such consultations. 
 Section 9.4 Documents. The Administrative Agent shall be under no duty to examine, inquire into, or pass upon the validity, effectiveness or
genuineness of this Agreement, any Note, any other Loan Document, or any instrument, document or communication furnished pursuant hereto or in connection herewith, and the Administrative Agent shall be entitled to assume that they are valid,
effective and genuine, have been signed or sent by the proper parties and are what they purport to be. 
  

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 Section 9.5 Administrative Agent and Affiliates. With respect to the Commitments and the Loans,
the Administrative Agent shall have the same rights and powers hereunder as any other Lender, and the Administrative Agent and Affiliates of the Administrative Agent may accept deposits from, lend money to and generally engage in any kind of
business with the Borrower, any of its Subsidiaries or other Affiliates of, or Persons doing business with, the Borrower, any of its Subsidiaries or other Affiliates, as if they were not affiliated with the Administrative Agent and without any
obligation to account therefor. 
 Section 9.6 Responsibility of the Administrative Agent and Issuing Banks. The duties and
obligations of the Administrative Agent and the Issuing Banks under this Agreement are only those expressly set forth in this Agreement. The Administrative Agent shall be entitled to assume that no Default or Event of Default has occurred and is
continuing unless it has actual knowledge, or has been notified in writing by the Borrower, of such fact, or has been notified by a Lender in writing that such Lender considers that a Default or an Event of Default has occurred and is continuing,
and such Lender shall specify in detail the nature thereof in writing. The Administrative Agent and the Issuing Banks shall not be liable hereunder for any action taken or omitted to be taken except for its own respective gross negligence or willful
misconduct as determined by a final, non-appealable judicial order of a court of competent jurisdiction. The Administrative Agent shall provide each Lender and each Issuing Bank with copies of such documents received from the Borrower as such Lender
and such Issuing Bank may reasonably request. 
 Section 9.7 Action by the Administrative Agent and Issuing Banks. 
 (a) The Administrative Agent and the Issuing Banks shall be entitled to use its discretion with respect to exercising or refraining from exercising any
rights which may be vested in it by, and with respect to taking or refraining from taking any action or actions which it may be able to take under or in respect of, this Agreement, unless any of the Administrative Agent and the Issuing Banks shall
have been instructed by the Majority Lenders (or, where expressly required, all Lenders) to exercise or refrain from exercising such rights or to take or refrain from taking such action; provided, however, that the Administrative Agent
shall not exercise any rights under Section 8.2(a) hereof without the request of the Majority Lenders (or, where expressly required, all the Lenders), unless time is of the essence, in which case, such action can be taken at the discretion of
the Administrative Agent. The Administrative Agent shall incur no liability under or in respect of this Agreement with respect to anything which it may do or refrain from doing in the reasonable exercise of its judgment or which may seem to it to be
necessary or desirable in the circumstances, except for its gross negligence or willful misconduct as determined by a final, non-appealable judicial order of a court having jurisdiction over the subject matter. 
 (b) The Administrative Agent and the Issuing Banks shall not be liable to the Lenders or to any Lender or to the Borrower, any of its Subsidiaries or any
other obligor under any Loan Document in acting or refraining from acting under this Agreement or any other Loan Document in accordance with the instructions of the Majority Lenders (or, where expressly 

  

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required, all of the Lenders), and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders, except for its
gross negligence or willful misconduct as determined by a final, non-appealable judicial order of a court having jurisdiction over the subject matter. The Administrative Agent and the Issuing Banks shall not be obligated to take any action which is
contrary to law or which would in its reasonable opinion subject it to liability. 
 Section 9.8 Notice of Default or Event of
Default. In the event that the Administrative Agent, any Lender or any Issuing Bank shall acquire actual knowledge, or shall have been notified, of any Default or Event of Default, the Administrative Agent, such Lender or such Issuing Bank shall
promptly notify the Lenders (provided, however, that the failure to give such notice shall not result in any liability on the part of such Lender, such Issuing Bank or the Administrative Agent), and the Administrative Agent shall take
such action and assert such rights under this Agreement and the other Loan Documents as the Majority Lenders shall request in writing, and the Administrative Agent shall not be subject to any liability by reason of its acting pursuant to any such
request. If the Majority Lenders shall fail to request the Administrative Agent to take action or to assert rights under this Agreement or any other Loan Documents in respect of any Default or Event of Default within ten (10) days after their
receipt of the notice of any Default or Event of Default from the Administrative Agent, any Lender or any Issuing Bank, or shall request inconsistent action with respect to such Default or Event of Default, the Administrative Agent may, but shall
not be required to, take such action and assert such rights (other than rights under Article 8 hereof) as it deems in its discretion to be advisable for the protection of the Lenders, except that, if the Majority Lenders have instructed the
Administrative Agent not to take such action or assert such right, in no event shall the Administrative Agent act contrary to such instructions, unless time is of the essence, in which case, the Administrative Agent may act in accordance with its
reasonable discretion. 
 Section 9.9 Responsibility Disclaimed. The Administrative Agent shall not be under any liability or
responsibility whatsoever as the Administrative Agent: 
 (a) to the Borrower or any other Person as a consequence of any failure or delay in
performance by, or any breach by, any Lender or Lenders of any of its or their obligations under this Agreement; 
 (b) to any Lender or
Lenders as a consequence of any failure or delay in performance by, or any breach by, (i) the Borrower of any of its obligations under this Agreement or the Notes or any other Loan Document, or (ii) any Subsidiary of the Borrower or any
other obligor under any other Loan Document; 
 (c) to any Lender or Lenders, for any statements, representations or warranties in this
Agreement, or any other document contemplated by this Agreement or any information provided pursuant to this Agreement, any other Loan Document, or any other document contemplated by this Agreement, or for the validity, effectiveness, enforceability
or sufficiency of this Agreement, the Notes, any other Loan Document, or any other document contemplated by this Agreement; or 
  

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 (d) to any Person for any act or omission other than that arising from gross negligence or willful
misconduct of the Administrative Agent as determined by a final, non-appealable judicial order of a court of competent jurisdiction. 
 Section 9.10 Indemnification. The Lenders agree to indemnify the Administrative Agent (to the extent not reimbursed by the Borrower) pro rata according to their respective Commitment Ratios, from and against any and all liabilities,
obligations, losses (other than the loss of principal, interest and fees hereunder in the event of a bankruptcy or out-of-court ‘work-out’ of the Loans), damages, penalties, actions, judgments, suits, or reasonable out-of-pocket costs,
expenses (including, without limitation, fees and disbursements of experts, agents, consultants and counsel), or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against the Administrative Agent in any
way relating to or arising out of this Agreement, any other Loan Document, or any other document contemplated by this Agreement or any other Loan Document or any action taken or omitted by the Administrative Agent under this Agreement, any other
Loan Document, or any other document contemplated by this Agreement, except that no Lender shall be liable to the Administrative Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, or
reasonable out-of-pocket costs, expenses or disbursements resulting from the gross negligence or willful misconduct of the Administrative Agent as determined by a final, non-appealable judicial order of a court having jurisdiction over the subject
matter. 
 Section 9.11 Credit Decision. Each Lender confirms that: 
 (a) in making its decision to enter into this Agreement and to make its portion of the Loans it has independently taken whatever steps it considers
necessary to evaluate the financial condition and affairs of the Borrower and that it has made an independent credit judgment, and that it has not relied upon the Administrative Agent or information provided by the Administrative Agent (other than
information provided to the Administrative Agent by the Borrower and forwarded by the Administrative Agent to the Lenders); and 
 (b) so
long as any portion of the Loans remains outstanding or such Lender has an obligation to make its portion of Advances hereunder, it will continue to make its own independent evaluation of the financial condition and affairs of the Borrower.

 Section 9.12 Successor Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as
provided below, the Administrative Agent may resign at any time by giving written notice thereof to the Lenders, the Issuing Banks and the Borrower and may be removed at any time for cause by the Majority Lenders. Upon any such resignation or
removal, the Majority Lenders shall have the right to appoint a successor Administrative Agent which appointment shall, prior to a Default, be subject to the consent of the Borrower, acting reasonably. If (a) no successor Administrative Agent
shall have been so appointed by the Majority Lenders or (b) appointed, no successor Administrative Agent shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gave notice of resignation or the
Majority Lenders removed the retiring Administrative Agent, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent which shall be any Lender or a commercial bank organized
under the laws of the United States of America or any political subdivision thereof 

  

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which has combined capital and reserves in excess of $250,000,000.00 and which shall be reasonably acceptable to the Borrower. Upon the acceptance of any
appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges, duties and obligations of the retiring
Administrative Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents. After any retiring Administrative Agent’s resignation or removal hereunder as
Administrative Agent the provisions of this Article shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Administrative Agent. In the event that the Administrative Agent or
any of its respective Affiliates ceases to be a Lender hereunder, such Person shall resign its agency hereunder. 
 Section 9.13
Delegation of Duties. The Administrative Agent may execute any of its duties under the Loan Documents by or through agents or attorneys selected by it using reasonable care, and shall be entitled to advice of counsel concerning all matters
pertaining to such duties. 
 Section 9.14 No Responsibilities of the Agents. Notwithstanding any provision to the contrary contained
elsewhere herein or in any other Loan Document, the Syndication Agent and the Co-Arrangers (as set forth on the cover page hereof) shall not have any duties or responsibilities, nor shall the Syndication Agent or any of the Co-Arrangers have or be
deemed to have any fiduciary relationship with any Lender or participant, 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 the Syndication Agent or any of the Co-Arrangers. 
 ARTICLE 10 - CHANGES IN CIRCUMSTANCES 
 AFFECTING LIBOR ADVANCES AND INCREASED COSTS 
 Section 10.1 LIBOR Basis Determination Inadequate or Unfair. If with respect to any proposed LIBOR Advance for any Interest Period, the Administrative Agent determines after consultation with the Lenders that adequate and fair means
do not exist for determining the LIBOR Basis, the Administrative Agent shall forthwith give notice thereof to the Borrower and the Lenders, whereupon until the Administrative Agent notifies the Borrower that the circumstances giving rise to such
situation no longer exist, the obligations of any affected Lender to make its portion of such LIBOR Advances shall be suspended and each affected Lender shall make its portion of such LIBOR Advance as a Base Rate Advance. 
 Section 10.2 Illegality. If, after the date hereof, the adoption of any Applicable Law, or any change in any Applicable Law (whether adopted
before or after the Agreement Date), or any change in interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender
with any directive (whether or not having the force of law) of any such authority, central bank or comparable agency, shall make it unlawful or impossible for any Lender to make, maintain or fund its portion of LIBOR Advances, such Lender shall so
notify the Administrative Agent, and the Administrative Agent shall forthwith give notice thereof to the other Lenders and the Borrower. Before giving any notice to the Administrative Agent pursuant to this Section 

  

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10.2, such Lender shall designate a different lending office if such designation will avoid the need for giving such notice and will not, in the sole
reasonable judgment of such Lender, be otherwise materially disadvantageous to such Lender. Upon receipt of such notice, notwithstanding anything contained in Article 2 hereof, the Borrower shall repay in full the then outstanding principal amount
of such Lender’s portion of each affected LIBOR Advance, together with accrued interest thereon, on either (a) the last day of the then current Interest Period applicable to such affected LIBOR Advances if such Lender may lawfully continue
to maintain and fund its portion of such LIBOR Advance to such day or (b) immediately if such Lender may not lawfully continue to fund and maintain its portion of such affected LIBOR Advances to such day. Concurrently with repaying such portion
of each affected LIBOR Advance, the Borrower may borrow a Base Rate Advance from such Lender, whether or not it would have been entitled to effect such borrowing, and such Lender shall make such Advance, if so requested, in an amount such that the
outstanding principal amount of the Advance shall equal the outstanding principal amount of the affected LIBOR Advance of such Lender immediately prior to such repayment. 
 Section 10.3 Increased Costs and Additional Amounts. 
 (a) If after the date hereof, the adoption of
any Applicable Law, or any change in any Applicable Law (whether adopted before or after the Agreement Date), or any interpretation or change in interpretation or administration thereof by any governmental authority, central bank or comparable
agency charged with the interpretation or administration thereof or compliance by any Lender with any directive issued after the Agreement Date (whether or not having the force of law) of any such authority, central bank or comparable agency:

 (i) shall subject any Lender to any Tax with respect to its obligation to make its portion of LIBOR Advances, or its
portion of other Advances, or shall change the basis of taxation of payments to any Lender of the principal of or interest on its portion of LIBOR Advances or in respect of any other amounts due under this Agreement, or its obligation to make its
portion of Advances (except for changes with respect to Taxes imposed on the revenues or net income of such Lender, and except for any Taxes referred to in Section 10.3(b) hereof); or 
 (ii) shall impose, modify or deem applicable any reserve (including, without limitation, any imposed by the Board of Governors of the
Federal Reserve System, but excluding any included in an applicable Eurodollar Reserve Percentage), special deposit, capital adequacy, assessment or other requirement or condition against assets of, deposits with or for the account of, or
commitments or credit extended by, any Lender or shall impose on any Lender or the London interbank borrowing market any other condition affecting its obligation to make its portion of such LIBOR Advances or its portion of existing Advances;

 and the result of any of the foregoing is to increase the cost to such Lender of making or maintaining any of its portion of LIBOR Advances, or to reduce
the amount of any sum received or receivable by such Lender under this Agreement or under its Note, if any, with respect thereto, then, within ten (10) days after demand by such Lender, the Borrower agrees to pay to such Lender such additional
amount or amounts as will compensate such Lender on an after-tax basis for such increased costs. 
  

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 (b) All payments made by the Borrower under this Agreement shall be made free and clear of, and without
deduction or withholding for or on account of, any present or future income or other similar taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Taxes”), now or hereafter imposed, levied, collected, withheld
or assessed by any governmental authority, excluding any Taxes imposed on a Lender by reason of any connection between the Lender and the taxing jurisdiction other than executing, delivering, performing or enforcing this Agreement and receiving
payments hereunder. If any such non-excluded Taxes (collectively, the “Non-Excluded Taxes”) are required to be withheld or deducted from any such payment, the Borrower shall pay such additional amounts as may be necessary to ensure
that the net amount actually received by a Lender after such withholding or deduction is equal to the amount that the Lender would have received had no such withholding or deduction been required; provided, however, that the Borrower
shall not be required to increase any such amounts payable to any Lender if such Lender may lawfully comply with the requirements of Section 2.12 hereof and fails to do so. Whenever any Non-Excluded Taxes are payable by the Borrower, as
promptly as possible thereafter the Borrower shall send to the Administrative Agent for its own account or for the account of such Lender, as the case may be, a certified copy of an original official receipt received by the Borrower showing payment
thereof. If the Borrower fails to pay any Non-Excluded Taxes when due to the appropriate taxing authority or fail to remit to the Administrative Agent the required receipts or other documentary evidence, the Borrower shall indemnify the
Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as result of any such failure. The Borrower shall make any payments required pursuant to the
immediately preceding sentence within thirty (30) days after receipt of written demand therefor from the Administrative Agent or any Lender, as the case may be. The agreements set forth in this Section 10.3 shall survive the termination of
this Agreement and the payment of the Obligations. Each Lender will promptly notify the Borrower and the Administrative Agent of any event of which it has knowledge, occurring after the date hereof, which will entitle such Lender to compensation
pursuant to this Section 10.3 and will designate a different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the reasonable judgment of such Lender made in good faith, be
otherwise disadvantageous to such Lender. Notwithstanding any provision herein to the contrary, the Borrower shall have no obligation to pay to any Lender any amount which the Borrower is liable to withhold due to the failure of such Lender to file
any statement of exemption required under the Code in order to permit the Borrower to make payments to such Lender without such withholding. 
 (c) Any Lender claiming compensation under this Section 10.3 shall provide the Borrower with a written certificate setting forth the additional amount or amounts to be paid to it hereunder and calculations therefor in reasonable
detail. Such certificate shall be presumptively correct absent manifest error. In determining such amount, such Lender may use any reasonable averaging and attribution methods. If any Lender demands compensation under this Section 10.3, the
Borrower may at any time, upon at least five (5) Business Days’ prior notice to such Lender, prepay in full such Lender’s portion of the then outstanding LIBOR Advances, together with accrued interest and fees thereon to the date of
prepayment, along with any reimbursement required under Section 2.9 hereof and this Section 10.3. Concurrently with 

  

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prepaying such portion of LIBOR Advances the Borrower may, whether or not then entitled to make such borrowing, borrow a Base Rate Advance, or a LIBOR
Advance not so affected, from such Lender, and such Lender shall, if so requested, make such Advance in an amount such that the outstanding principal amount of such Advance shall equal the outstanding principal amount of the affected LIBOR Advance
of such Lender immediately prior to such prepayment. 
 (d) The Borrower shall pay any present or future stamp, transfer or documentary Taxes
or any other excise or property Taxes that may be imposed in connection with the execution, delivery or registration of this Agreement or any other Loan Documents. 
 Section 10.4 Effect On Other Advances. If notice has been given pursuant to Section 10.1, 10.2 or 10.3 hereof suspending the obligation of any Lender to make its portion of any type of LIBOR Advance, or
requiring such Lender’s portion of LIBOR Advances to be repaid or prepaid, then, unless and until such Lender notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all amounts which would otherwise be made
by such Lender as its portion of LIBOR Advances shall be instead as Base Rate Advances, unless otherwise notified by the Borrower. 
 Section
10.5 Claims for Increased Costs and Taxes; Replacement Lenders. In the event that any Lender shall decline to make LIBOR Advances pursuant to Sections 10.1 and 10.2 hereof or shall have notified the Borrower that it is entitled to claim
compensation pursuant to Section 10.3, 2.8, 2.9 or 2.11 hereof or is unable to complete the form required or is subject to withholding on account of any Tax (each such lender being an “Affected Lender”), the Borrower at its own
cost and expense may designate a replacement lender (a “Replacement Lender”) to assume the Revolving Loan Commitments and/or Incremental Facility Commitments and the obligations of any such Affected Lender hereunder, and to purchase
the outstanding Loans of such Affected Lender and such Affected Lender’s rights hereunder and with respect thereto, and within ten (10) Business Days of such designation the Affected Lender shall (a) sell to such Replacement Lender,
without recourse upon, warranty by or expense to such Affected Lender, by way of an Assignment and Assumption Agreement substantially in the form of Exhibit H attached hereto, for a purchase price equal to (unless such Lender agrees to a
lesser amount) the outstanding principal amount of the Loans of such Affected Lender, plus all interest accrued and unpaid thereon and all other amounts owing to such Affected Lender hereunder, including without limitation, payment by the Borrower
of any amount which would be payable to such Affected Lender pursuant to Section 2.9 hereof (provided that the administrative fee set forth in Section 11.4(c)(iii) shall not apply to an assignment described in this clause (a)), and
(b) assign the Revolving Loan Commitments and/or Incremental Facility Commitments of such Affected Lender and upon such assumption and purchase by the Replacement Lender, such Replacement Lender shall be deemed to be a “Lender”
for purposes of this Agreement and such Affected Lender shall cease to be a “Lender” for purposes of this Agreement and shall no longer have any obligations or rights hereunder (other than any obligations or rights which according
to this Agreement shall survive the termination of the Revolving Loan Commitments and/or Incremental Facility Commitments). 
  

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 ARTICLE 11 - MISCELLANEOUS 
 Section 11.1 Notices. 
 (a) Except as otherwise expressly provided herein, all notices and other
communications under this Agreement and the other Loan Documents (unless otherwise specifically stated therein) shall be in writing and shall be delivered by (1) hand, (2) overnight courier service, (3) mailed by certified or
registered mail, or (4) sent by telecopy, as follows: 
 (i) If to the Borrower, to it at: 
 American Tower Corporation 
 116 Huntington Avenue 
 Boston, Massachusetts 02116 
 Attn: Chief Financial Officer and General Counsel 
 Telecopy No.: (617) 375-7575 
 with a copy to: 
 Cleary Gottlieb Steen & Hamilton LLP 
 One Liberty Plaza 
 New York, New York 10006 
 Attn: Robert P. Davis, Esq. 
 Telecopy No.: (212) 225-3999 
 (ii) If to the Administrative Agent, to it at: 
 Toronto Dominion (Texas) LLC, 

as Administrative Agent 
 77 King Street West 
 18th Floor 
 Toronto, Ontario 
 Canada M5K1A2 
 Attn.: Alice Mare and Elhamy Khalil 
 Telecopy No.: (416) 307-3826 
  

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 with a copy to: 
 JPMorgan Chase Bank, N.A. 
 270 Park Avenue, 15th Floor 
 New York, New York 10017

 Attn: Desiree Szolnok 
 Telecopy No.: (212) 270-4164 
 TD Securities (USA) LLC 
 31 West 52nd Street 
 New York, New York 10019-6101 
 Attn: David Perlman 
 Telecopy No.: (212) 827-7232 
 and with a copy to: 
 Kilpatrick Stockton LLP 
 1100 Peachtree Street 
 Suite 2800 
 Atlanta, Georgia 30309-4530 
 Attn: Douglas S. Gosden, Esq. 
 Telecopy No.: (404) 541-3112 
 (iii) If to the Lenders, to them at the addresses set
forth beside their names as set forth in Schedule 1 attached hereto. 
 The failure to provide copies shall not affect the validity of the notice
given to the primary recipient. 
 (b) Any party hereto may change the address to which notices shall be directed under this
Section 11.1 by giving ten (10) days’ written notice of such change to the other parties. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been
given on the date of receipt. 
 (c) For purposes of this Agreement, delivery may also be made by the posting of any required documents,
reports, certificates, or other information to the Intralinks system or any other electronic distribution system to which all Lenders have access and provided that all Lenders are notified in writing (or electronically) that such posting has
occurred. The Borrower acknowledges that (i) the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution, (ii) Intralinks, or any
other electronic platform, is provided “as is” and “as available” and (iii) neither the Administrative Agent nor any of its Affiliates warrants the accuracy, adequacy or completeness of Intralinks, or any other electronic
platform. No warranty of any kind, express, implied or statutory, including, without limitation, 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 the Administrative Agent or any of its Affiliates in connection with Intralinks or any other electronic platform. 
  

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 (d) All notices and other communications given to any party hereto in accordance with the provisions of
this Agreement shall be deemed to have been given on (i) the date of receipt if delivered by hand or overnight courier service or sent by telecopy or electronic mail, (ii) the date of posting if made through Intralinks or any other
electronic platform, or (iii) on the date five (5) Business Days after dispatch by registered mail if mailed, or an earlier date if sooner received, in each case delivered, sent or mailed (properly addressed) to such party as provided in
this Section 11.1. 
 Section 11.2 Expenses. The Borrower will promptly pay, or reimburse: 
 (a) all reasonable out-of-pocket expenses of the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this
Agreement and the other Loan Documents, and the transactions contemplated hereunder and thereunder any amendments, waivers and consents associated therewith, including, without limitation, the reasonable fees and disbursements of Kilpatrick Stockton
LLP, Atlanta, Georgia, special counsel for the Administrative Agent; and 
 (b) all reasonable out-of-pocket costs and expenses of the
Administrative Agent, the Lenders, the Issuing Banks and the Syndication Agent of enforcement under this Agreement or the other Loan Documents and all reasonable out-of-pocket costs and expenses of collection if an Event of Default occurs in the
payment of the Notes, which in each case shall include, without limitation, reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent, each of the Lenders, each of the Issuing Banks and the Syndication Agent. 
 Section 11.3 Waivers. The rights and remedies of the Administrative Agent, the Lenders and the Issuing Banks under this Agreement and the other
Loan Documents shall be cumulative and not exclusive of any rights or remedies which they would otherwise have. No failure or delay by the Administrative Agent, the Majority Lenders, the Lenders and the Issuing Banks, or any of them, in exercising
any right, shall operate as a waiver of such right. No waiver of any provision of this Agreement or consent to any departure by the Borrower or any of its Subsidiaries therefrom shall in any event be effective unless the same shall be permitted by
Section 11.11, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall
not be construed as a waiver of any Default, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default at the time. 
 Section 11.4 Assignment and Participation. 
 (a) The Borrower may not assign or transfer any of its
rights or obligations hereunder, under the Notes or under any other Loan Document without the prior written consent of each Lender and each Issuing Bank. 
 (b) Each Lender may at any time sell assignments or participations of up to one hundred percent (100%) of its interest hereunder to (i) one (1) or more Affiliates of such Lender (provided,
however, that if such Affiliate is not a financial institution, such Lender 

  

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shall be obligated to repurchase such assignment if such Affiliate is unable to honor its obligations hereunder), (ii) any Federal Reserve Bank as
collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any Operating Circular issued by such Federal Reserve Bank (provided, however, that no such assignment shall relieve such Lender
from its obligations hereunder) or (iii) any Person who is a Lender on such date. Notwithstanding the foregoing, no assignee of, or participant with respect to, any interest sold hereunder pursuant to this Section 11.4(b) shall be entitled
to receive any greater payment under Section 10.3 than the applicable Lender would have been entitled to receive with respect to the interest sold. 
 (c) Each Lender may at any time sell assignments or participations to one or more Persons pursuant to which each Lender may assign or participate its interest under this Agreement and the other Loan Documents,
including its interest in any particular Advance or portion thereof; provided, however, that (1) all assignments (other than assignments described in Section 11.4(b) hereof) shall be in minimum principal amounts of the lesser
of (X) $1,000,000.00 or (Y) the amount of such Lender’s Revolving Loan Commitment, Incremental Facility Commitment (in a single assignment only) or Incremental Facility Loan, and (2) all assignments and participations (other than
assignments and participations described in Section 11.4(b) hereof) hereunder shall be subject to the following additional terms and conditions: 
 (i) no assignment shall be sold without the prior consent of the Administrative Agent and, prior to the occurrence and continuation of a Default or Event of Default, the consent of the Borrower, in each case, which
consent shall not be unreasonably withheld, delayed or conditioned; 
 (ii) any Person purchasing a participation or an
assignment of any portion of the Loans from any Lender shall be required to represent and warrant that its purchase shall not constitute a “prohibited transaction” (as such term is defined in Section 406 of ERISA or Section 4975
of the Code); 
 (iii) the Borrower, the Lenders, and the Administrative Agent agree that assignments permitted hereunder
(including the assignment of any Advance or portion thereof) may be made with all voting rights, and shall be made pursuant to an Assignment and Assumption Agreement substantially in the form of Exhibit H attached hereto, and an
administrative fee of $3,500.00 shall be payable to the Administrative Agent either by the assigning Lender or the assignee thereof at the time of any assignment under this Section 11.4(c); 
 (iv) no participation agreement shall confer any rights under this Agreement or any other Loan Document to any purchaser thereof, or
relieve any issuing Lender from any of its obligations under this Agreement, and all actions hereunder shall be conducted as if no such participation had been granted; provided, however, that any participation agreement may confer on
the participant the right to approve or disapprove items requiring consent pursuant to Section 11.11 (a)(ii) hereof of an affected Lender for the Loans to which such participation agreement applies; 
  

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 (v) each Lender agrees to provide the Administrative Agent and the Borrower with prompt
written notice of any issuance of assignments of its interests hereunder; 
 (vi) no assignment, participation or other
transfer of any rights hereunder or under the Notes shall be effected that would result in any interest requiring registration under the Securities Act of 1933, as amended, or qualification under any state securities law; 
 (vii) no such assignment may be made to any bank or other financial institution (x) with respect to which a receiver or conservator
(including, without limitation, the Federal Deposit Insurance Corporation, the Resolution Trust Company or the Office of Thrift Supervision) has been appointed or (y) that is not “adequately capitalized” (as such term is defined in
Section 131(b)(1)(B) of the Federal Deposit Insurance Corporation Improvement Act as in effect on the Agreement Date); and 
 (viii) each Lender shall, and shall cause each of its assignees to, provide to the Administrative Agent on or prior to the effective date of any assignment an appropriate Internal Revenue Service form as provided in Section 2.12 or as
otherwise required by Applicable Law supporting such Lender’s or assignee’s position that no withholding by the Borrower or the Administrative Agent for United States income tax payable by such Lender or assignee in respect of amounts
received by it hereunder is required. No assignment shall confer any rights to receive any greater payments under Section 10.3 than the applicable Lender would have been entitled to receive with respect to the interest assigned. 
 (d) Except as specifically set forth in Section 11.4(b) or (c) hereof, nothing in this Agreement or the Notes, expressed or implied, is
intended to or shall confer on any Person other than the respective parties hereto and thereto and their successors and assignees permitted hereunder and thereunder any benefit or any legal or equitable right, remedy or other claim under this
Agreement or the Notes. 
 (e) In the case of any participation, all amounts payable by the Borrower under the Loan Documents shall be
calculated and made in the manner and to the parties hereto as if no such participation had been sold. 
 (f) The provisions of this
Section 11.4 shall not apply to any purchase of participations among the Lenders pursuant to Section 2.10 hereof. 
 (g) The
Administrative Agent, acting, for this purpose only, as agent of the Borrower shall maintain, at no extra charge to the Borrower, a register (the “Register”) at the address to which notices to the Administrative Agent are to be sent
under Section 11.1 hereof on which Register the Administrative Agent shall enter the name, address and taxpayer identification number (if provided) of the registered owner of the Loans evidenced by a Note or, upon the request of the registered
owner, for which a Note has been requested. Except as set forth in Section 11.4(b)(ii) hereof, a Note and the Loans evidenced thereby may be assigned or 

  

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otherwise transferred in whole or in part only by registration of such assignment or transfer of such Note and the Loans evidenced thereby on the Register.
Except as set forth in Section 11.4(b)(ii) hereof, any assignment or transfer of all or part of such Loans and the Note evidencing the same shall be registered on the Register only upon compliance with the other provisions of this
Section 11.4 and surrender for registration of assignment or transfer of the Note evidencing such Loans, duly endorsed by (or accompanied by a written instrument of assignment or transfer duly executed by) the registered owner thereof, and
thereupon one or more new Notes in the same aggregate principal amount shall be issued to the designated assignee(s) or transferee(s) and, if less than the aggregate principal amount of such Notes is thereby transferred, the assignor or transferor.
Prior to the due presentment for registration of transfer of any Note, the Borrower and the Administrative Agent shall treat the Person in whose name such Loans and the Note evidencing the same is registered as the owner thereof for the purpose of
receiving all payments thereon and for all other purposes, notwithstanding any notice to the contrary. 
 (h) The Register shall be available
for inspection by the Borrower and any Lender, with respect to such Lender’s information, at any reasonable time during the Administrative Agent’s regular business hours upon reasonable prior notice. 
 (i) Notwithstanding any other provision in this Agreement, any Lender that is a fund that invests in bank loans may, without the consent of the
Administrative Agent or the Borrower, pledge all or any portion of its rights under, and interest in, this Agreement and the Notes to any trustee or to any other representative of holders of obligations owed or securities issued, by such fund as
security for such obligations or securities; provided, however, that any transfer to any Person upon the enforcement of such pledge or security interest may only be made subject to the assignment provisions of this Section 11.4.

 (j) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special
purpose funding vehicle (an “SPC”) sponsored by such Granting Lender, identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide to the Borrower all or
any part of any Advance that such Granting Lender would otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to make any Advance and
(ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Advance, the Granting Lender shall be obligated to make such Advance pursuant to the terms hereof. The Loans by an SPC hereunder shall be
Revolving Loans and/or, if applicable, Incremental Facility Loans of the Granting Lender to the same extent, and as if, such Loans were made by such Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for any indemnity or
similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that,
prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it, solely in its capacity as a party hereto and to any other Loan Document, will not institute
against, or join any other person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to
the contrary contained in this Section 

  

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11.4, any SPC may (i) with notice to, but without the prior written consent of, the Borrower and the Administrative Agent and without paying any
processing fee therefor, assign all or a portion of its interests in any Advances to the Granting Lender or to any financial institutions (consented to by the Borrower and the Administrative Agent) providing liquidity and/or credit support to or for
the account of such SPC to support the funding or maintenance of Advances and (ii) disclose on a confidential basis any non-public information relating to its Advances to any rating agency, commercial paper dealer or provider of any surety,
guarantee or credit or liquidity enhancement to such SPC. This Section 11.4(j) may not be amended without the written consent of any SPC which has been designated in writing as provided in the first sentence hereof and holds any outstanding
Loans. The designation by a Granting Lender of an SPC to fund Advances shall be deemed to be a representation, warranty, covenant and agreement by such Granting Lender to the Borrower and all other parties hereunder that (A) the funding and
maintaining of such Advances by such SPC shall not constitute a “prohibited transaction” (as such term is defined in Section 406 of ERISA or Section 4975 of the Code), and (B) such designation, funding and maintenance would
not result in any interest requiring registration under the Securities Act of 1933, as amended, or qualification under any state securities law. The SPC shall from time to time provide to the Borrower the tax and other forms required pursuant to
Section 2.12 hereof with respect to such SPC as though such SPC were a Lender hereunder. In no event shall the Borrower or any Lender other than the Granting Lender be obligated hereunder to pay any additional amounts under any provision of
this Agreement (pursuant to Article 10 hereof or otherwise) by reason of a Granting Lender’s designation of an SPC or the funding or maintenance of Advances by such SPC, in excess of amounts which the Borrower would have been obligated to pay
if such Granting Lender had not made such designation and such Granting Lender were itself funding and maintaining such Advances. The Administrative Agent shall register the interest of any SPC in an Advance from time to time on the Register
maintained pursuant to Section 11.4(g) hereof. 
 Section 11.5 Accounting Principles. All references in this Agreement to GAAP
shall be to such principles as in effect from time to time. All accounting terms used herein without definition shall be used as defined under GAAP. All references to the financial statements of the Borrower and to Adjusted EBITDA, Senior Secured
Debt, Total Debt, Interest Expense, Consolidated Total Assets and other such terms shall be deemed to refer to such items of the Borrower and its Subsidiaries, on a fully consolidated basis. The Borrower shall deliver to the Lenders at the same time
as the delivery of any quarterly or annual financial statements required pursuant to Section 6.1 or 6.2 hereof, as applicable, (a) a description in reasonable detail of any material variation between the application of GAAP employed in the
preparation of such statements and the application of GAAP employed in the preparation of the next preceding quarterly or annual financial statements, as applicable, and (b) reasonable estimates of the differences between such statements
arising as a consequence thereof. If, within thirty (30) days after the delivery of the quarterly or annual financial statements referred to in the immediately preceding sentence, the Majority Lenders shall object in writing to the
Borrower’s determining compliance hereunder on such basis, (1) calculations for purposes of determining compliance hereunder shall be made on a basis consistent with those used in the preparation of the latest financial statements as to
which such objection shall not have been made, or (2) if requested by the Borrower, the Majority Lenders will negotiate in good faith to amend the covenants herein to give effect to the changes in GAAP in a manner consistent with this Agreement
(and so long as the Borrower complies in good faith with the provisions of this Section 11.5, no Default or Event of Default shall occur hereunder solely as a result of such changes in GAAP). 
  

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 Section 11.6 Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original, but all such separate counterparts shall together constitute one and the same instrument. 
 Section
11.7 Governing Law. This Agreement and the Notes shall be construed in accordance with and governed by the internal laws of the State of New York applicable to agreements made and to be performed the State of New York. If any action or
proceeding shall be brought by the Administrative Agent or any Lender hereunder or under any other Loan Document in order to enforce any right or remedy under this Agreement or under any Note or any other Loan Document, the Borrower hereby consents
and submits to the jurisdiction of any New York State or U.S. federal court of competent jurisdiction sitting in the County of New York on the date of this Agreement. The Borrower hereby agrees that, to the extent permitted by Applicable Law,
service of the summons and complaint and all other process which may be served in any such suit, action or proceeding may be effected by mailing by registered mail a copy of such process to the offices of the Borrower at the address given in
Section 11.1 hereof and that personal service of process shall not be required. Nothing herein shall be construed to prohibit service of process by any other method permitted by law, or the bringing of any suit, action or proceeding in any
other jurisdiction. 
 Section 11.8 Severability. To the extent permitted by law, any provision of this Agreement which is prohibited
or unenforceable in any jurisdiction shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or affecting the validity or enforceability of such provision
in any other jurisdiction. 
 Section 11.9 Interest. 
 (a) In no event shall the amount of interest due or payable hereunder or under the Notes exceed the maximum rate of interest allowed by Applicable Law, and in the event any such payment is inadvertently made by the
Borrower or inadvertently received by the Administrative Agent or any Lender, then such excess sum shall be credited as a payment of principal, unless, if no Event of Default shall have occurred and be continuing, the Borrower shall notify the
Administrative Agent or such Lender, in writing, that it elects to have such excess sum returned forthwith. It is the express intent hereof that the Borrower not pay and the Administrative Agent and the Lenders not receive, directly or indirectly in
any manner whatsoever, interest in excess of that which may legally be paid by the Borrower under Applicable Law. 
 (b) Notwithstanding the
use by the Lenders of the Base Rate and the LIBOR as reference rates for the determination of interest on the Loans, the Lenders shall be under no obligation to obtain funds from any particular source in order to charge interest to the Borrower at
interest rates related to such reference rates. 
  

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 Section 11.10 Table of Contents and Headings. The Table of Contents and the headings of the
various subdivisions used in this Agreement are for convenience only and shall not in any way modify or amend any of the terms or provisions hereof, nor be used in connection with the interpretation of any provision hereof. 
 Section 11.11 Amendment and Waiver. 
 (a) Neither this Agreement nor any Loan Document nor any term hereof or thereof may be amended orally, nor may any provision hereof or thereof be waived orally but only by an instrument in writing signed by or at the written direction of:

 (i) except as set forth in (ii) and (iii) below, the Majority Lenders and, in the case of any amendment, by the
Borrower; 
 (ii) with respect to (A) any increase in the amount of any Lender’s portion of the Commitments or
Commitment Ratios or any extension of any Lender’s Commitments, (B) any reduction or postponement in interest or fees due hereunder or the payment thereof to any Lender without a corresponding payment of such interest or fee amount by the
Borrower, (C) (1) any waiver of any Default due to the failure by the Borrower to pay any sum due to any of the Lenders hereunder or (2) any reduction in the principal amount of the Loans or the Letter of Credit Obligations without a
corresponding payment, (D) any release of the Borrower from this Agreement, except in connection with a merger, sale or other disposition otherwise permitted hereunder (in which case, such release shall require no further approval by the
Lenders), (E) any amendment to the pro rata treatment of the Lenders set forth in Section 2.10 hereof, (F) any amendment of this Section 11.11, of the definition of Majority Lenders, or of any Section herein to the extent that
such Section requires action by all Lenders or the Issuing Banks, (G) any subordination of the Loans in full to any other Indebtedness, or (H) any extension of a Maturity Date, the affected Lenders and in the case of an amendment, the
Borrower, and, if applicable, the Issuing Banks (it being understood that, for purposes of this Section 11.11(a)(2), changes to provisions of the Loan Documents that relate only to one or more of the Revolving Loans or Incremental Facility
Loans shall be deemed to “affect” only the Lenders holding such Loans); and 
 (iii) in the case of any amendment to
any provision hereunder governing the rights, obligations, or liabilities of the Administrative Agent in its capacity as such, the Administrative Agent and by each of the Lenders. 
 (b) Notwithstanding anything herein to the contrary, the provisions of this Agreement (excluding the provisions of Section 2.14 hereof) relating to
the Incremental Facility Loans and the Incremental Facility Commitments may be amended (including without limitation, any such amendment establishing Incremental Facility Commitments) in a manner not inconsistent with Section 2.14 hereof,
pursuant to a written instrument executed among the Borrower, the Lenders holding an Incremental Facility Commitment and the Administrative Agent, and any such amendment shall not require the consent of any other party to this Agreement;
provided, however, that such amendment shall not be binding on the other Lenders until the consent of the applicable Lenders required under Section 11.11(a) is obtained. 
  

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 (c) In connection with any proposed amendment, modification, waiver or termination (a “Proposed
Change”) requiring the consent of all Lenders, if the consent of Majority Lenders is obtained, but the consent of the other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained being referred to
as a “Non-Consenting Lender”), then, at the Borrower’s request (and at the Borrower’s sole cost and expense), a Replacement Lender selected by the Borrower and reasonably acceptable to the Administrative Agent, shall have
the right to purchase from such Non-Consenting Lenders, and such Non-Consenting Lenders agree that they shall, upon the Borrower’s request, sell and assign to such Person, all of the Revolving Loan Commitments and/or Incremental Facility
Commitments and all outstanding Loans of such Non-Consenting Lenders for an amount equal to the principal balance of all Loans held by the Non-Consenting Lenders and all accrued interest and fees and other amounts due (including without limitation
amounts due to such Non-Consenting Lender pursuant to Section 2.9 hereof) or outstanding to such Non-Consenting Lender through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment and Assumption
Agreement substantially in the form on Exhibit H attached hereto. Upon execution of any Assignment and Assumption Agreement pursuant to this Section 11.11(c), (i) the Replacement Lender shall be entitled to vote on any pending
waiver, amendment or consent in lieu of the Non-Consenting Lender replaced by such Replacement Lender, (ii) such Replacement Lender shall be deemed to be a “Lender” for purposes of this Agreement and (iii) such
Non-Consenting Lender shall cease to be a “Lender” for purposes of this Agreement and shall no longer have any obligations or rights hereunder (other than any obligations or rights which according to this Agreement shall survive the
termination of the Revolving Loan Commitments and/or Incremental Facility Commitments). 
 Section 11.12 Entire Agreement. Except as
otherwise expressly provided herein, this Agreement, the other Loan Documents and the other documents described or contemplated herein or therein will embody the entire agreement and understanding among the parties hereto and thereto and supersede
all prior agreements and understandings relating to the subject matter hereof and thereof. 
 Section 11.13 Other Relationships; No
Fiduciary Relationships. No relationship created hereunder or under any other Loan Document shall in any way affect the ability of the Administrative Agent, each Issuing Bank and each Lender to enter into or maintain business relationships with
the Borrower or any Affiliate thereof beyond the relationships specifically contemplated by this Agreement and the other Loan Documents. The Borrower agrees that in connection with all aspects of the transactions contemplated hereby and any
communications in connection therewith, the Borrower, its Subsidiaries and their respective Affiliates, on the one hand, and the Administrative Agent, the Lenders, the Issuing Banks and their respective Affiliates, on the other hand, will have a
business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative Agent, any Lender, any Issuing Bank or any of their respective Affiliates, and no such duty will be deemed to have arisen
in connection with any such transactions or communications. 
 Section 11.14 Directly or Indirectly. If any provision in this
Agreement refers to any action taken or to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person, whether or not expressly
specified in such provision. 
  

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 Section 11.15 Reliance on and Survival of Various Provisions. All covenants, agreements,
statements, representations and warranties made by the Borrower herein or in any certificate delivered pursuant hereto shall (a) be deemed to have been relied upon by the Administrative Agent, each of the Lenders and each Issuing Bank
notwithstanding any investigation heretofore or hereafter made by them and (b) survive the execution and delivery of this Agreement and shall continue in full force and effect so long as any Loans are outstanding and unpaid. Any right to
indemnification hereunder, including, without limitation, rights pursuant to Sections 2.9, 2.11, 10.3 and 11.2 hereof, shall survive the termination of this Agreement and the payment and performance of all Obligations. 
 Section 11.16 Senior Debt. The Obligations are intended by the parties hereto to be senior in right of payment to any Indebtedness of the Borrower
that by its terms is subordinated to any other Indebtedness of the Borrower. 
 Section 11.17 Obligations. The obligations of the
Administrative Agent, each of the Lenders and each of the Issuing Banks hereunder are several, not joint. 
 Section 11.18
Confidentiality. The Administrative Agent, the Lenders and the Issuing Banks shall hold confidentially all non-public and proprietary information and all other information designated by the Borrower as confidential, in each case, obtained
from the Borrower or its Affiliates pursuant to the requirements of this Agreement in accordance with their customary procedures for handling confidential information of this nature and in accordance with safe and sound lending practices;
provided, however, that the Administrative Agent, the Lenders and the Issuing Banks may make disclosure of any such information (a) to their examiners, Affiliates, outside auditors, counsel, consultants, appraisers, other
professional advisors and any direct or indirect contractual counterparty in swap agreements or such counterparty’s professional advisor in connection with this Agreement or as reasonably required by any proposed syndicate member or any
proposed transferee or participant in connection with the contemplated transfer of any Note or participation therein (including, without limitation, any pledgee referred to in Section 11.4(i) hereof), in each case, so long as any such Person
(other than any examiners) receiving such information is advised of the provisions of this Section 11.18 and agrees to be bound thereby, (b) as required or requested by any governmental authority or self-regulatory body or representative
thereof or in connection with the enforcement hereof or of any Loan Document or related document or (c) pursuant to legal process or with respect to any litigation between or among the Borrower and any of the Administrative Agent, the Lenders
or the Issuing Banks. In no event shall the Administrative Agent, any Lender or any Issuing Bank be obligated or required to return any materials furnished to it by the Borrower. The foregoing provisions shall not apply to the Administrative Agent,
any Lender or any Issuing Bank with respect to information that (i) is or becomes generally available to the public (other than through the Administrative Agent, such Lender or such Issuing Bank), (ii) is already in the possession of the
Administrative Agent, such Lender or such Issuing Bank on a non-confidential basis, or (iii) comes into the possession of the Administrative Agent, such Lender or such Issuing Bank from a source other than the Borrower or its Affiliates in a
manner not known to the Administrative Agent, such Lender or such Issuing Bank to involve a breach of a duty of confidentiality owing to the Borrower or its Affiliates. 
  


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 ARTICLE 12 - WAIVER OF JURY TRIAL 
 Section 12.1 Waiver of Jury Trial. EACH OF THE BORROWER AND THE ADMINISTRATIVE AGENT, THE ISSUING BANKS AND THE LENDERS, HEREBY AGREE, TO THE
EXTENT PERMITTED BY LAW, TO WAIVE AND HEREBY WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY COURT AND IN ANY ACTION OR PROCEEDING OF ANY TYPE IN WHICH THE BORROWER, ANY OF THE LENDERS, THE ADMINISTRATIVE AGENT, ANY OF THE ISSUING BANKS, OR ANY OF THEIR
RESPECTIVE SUCCESSORS OR ASSIGNS IS A PARTY, AS TO ALL MATTERS AND THINGS ARISING DIRECTLY OR INDIRECTLY OUT OF THIS AGREEMENT, ANY OF THE NOTES OR THE OTHER LOAN DOCUMENTS AND THE RELATIONS AMONG THE PARTIES LISTED IN THIS SECTION 12.1. EXCEPT AS
PROHIBITED BY LAW, EACH PARTY TO THIS AGREEMENT WAIVES ANY RIGHTS IT MAY HAVE TO CLAIM OR RECOVER IN ANY LITIGATION REFERRED TO IN THIS SECTION, ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO,
ACTUAL DAMAGES. EACH PARTY TO THIS AGREEMENT (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE ADMINISTRATIVE AGENT, ANY ISSUING BANK OR ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE ADMINISTRATIVE AGENT, ANY ISSUING
BANK OR ANY LENDER WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION. THE PROVISIONS OF THIS SECTION HAVE BEEN FULLY DISCLOSED BY AND TO THE PARTIES AND THE PROVISIONS SHALL BE SUBJECT TO NO EXCEPTIONS. NO PARTY HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE
PROVISIONS OF THIS SECTION WILL NOT BE FULLY ENFORCED IN ALL INSTANCES. 
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 -71- 








 IN WITNESS WHEREOF, the parties hereto have executed this Agreement or caused it to be executed by
their duly authorized officers, all as of the day and year first above written. 
  

					
	BORROWER:	 	AMERICAN TOWER CORPORATION
			
		 	By:	 	 /s/ Edmund DiSanto

		 	Name:	 	Edmund DiSanto
		 	Title:	 	Chief Administrative Officer, General Counsel & Secretary









					
	ADMINISTRATIVE AGENT AND LENDERS:	 	 TORONTO DOMINION (TEXAS) LLC,
 as
Administrative Agent and as a Lender

			
		 	By:	 	 /s/ Ian Murray

		 	Name:	 	Ian Murray
		 	Title:	 	Authorized Signatory
		
		 	 THE TORONTO DOMINION BANK,
 NEW
YORK BRANCH, as Issuing Bank

			
		 	By:	 	 /s/ Robyn Zeller

		 	Name:	 	Robyn Zeller
		 	Title:	 	Authorized Signatory









			
	 JPMORGAN CHASE BANK, N.A., as Syndication
 Agent, an Issuing Bank and a Lender

		
	By:	 	 /s/ Christophe Vohmann

	Name:	 	Christophe Vohmann
	Title:	 	Vice President










			
	BANK OF TOKYO-MITSUBISHI UFJ TRUST COMPANY
		
	By:	 	 /s/ Lillian Kim

	Name:	 	Lillian Kim
	Title:	 	Vice President










			
	CALYON, New York Branch
		
	By:	 	 /s/ Michael George

	Name:	 	Michael George
	Title:	 	Managing Director
		
	By:	 	 /s/ Douglas Roper

	Name:	 	Douglas Roper
	Title:	 	Managing Director










			
	CITIBANK, N.A.
		
	By:	 	 /s/ Drew Desky

	Name:	 	Drew Desky
	Title:	 	Vice President










			
	CREDIT SUISSE, CAYMAN ISLANDS BRANCH
		
	By:	 	 /s/ Thomas Cantello

	Name:	 	Thomas Cantello
	Title:	 	Director
		
	By:	 	 /s/ Shaheen Malik

	Name:	 	Shaheen Malik
	Title:	 	Associate










			
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Yvonne Tilden

	Name:	 	Yvonne Tilden
	Title:	 	Vice President
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Vice President










			
	FORTIS CAPITAL CORP.
		
	By:	 	 /s/ Barbara Nash

	Name:	 	Barbara E. Nash
	Title:	 	Managing Director and Group Head
		
	By:	 	 /s/ Rachel Lanava

	Name:	 	Rachel Lanava
	Title:	 	Vice President










			
	KEYBANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Sukanya V. Raj

	Name:	 	Sukanya V. Raj
	Title:	 	Vice President and Portfolio Manager










			
	MIZUHO CORPORATE BANK, LTD.
		
	By:	 	 /s/ Raymond Ventura

	Name:	 	Raymond Ventura
	Title:	 	Deputy General Manager










			
	MORGAN STANLEY BANK
		
	By:	 	 /s/ Elizabeth Hendricks

	Name:	 	Elizabeth Hendricks
	Title:	 	Authorized Signatory










			
	NATIONAL CITY BANK
		
	By:	 	 /s/ Elizabeth Brosky

	Name:	 	Elizabeth Brosky
	Title:	 	Vice President










			
	R0YAL BANK OF CANADA
		
	By:	 	 /s/ Ken Klassen

	Name:	 	Ken F. Klassen
	Title:	 	Authorized Signatory










			
	SUMITOMO MITSUI BANKING CORPORATION
		
	By:	 	 /s/ David A. Buck

	Name:	 	David A. Buck
	Title:	 	Senior Vice President










			
	THE BANK OF NEW YORK
		
	By:	 	 /s/ Adam Bester

	Name:	 	Adam Bester
	Title:	 	Vice President










			
	THE BANK OF NOVA SCOTIA
		
	By:	 	 /s/ Brenda S. Insull

	Name:	 	Brenda S. Insull
	Title:	 	Authorized Signatory










			
	THE ROYAL BANK OF SCOTLAND plc
		
	By:	 	 /s/ Eddie Dec

	Name:	 	Eddie Dec
	Title:	 	Senior Vice President, TMT NY










			
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	 /s/ Erik Allen

	Name:	 	Erik Allen
	Title:	 	Vice President