EX-10.1



 Exhibit 10.1 

DEUTSCHE BANK AG NEW YORK BRANCH 

DEUTSCHE BANK SECURITIES INC. 

60 Wall Street 
 New York,
New York 10005 
 March 11, 2018 

Lumentum Holdings Inc. 
 400 North McCarthy Boulevard 

Milpitas, California 95035 
 Attention: Aaron Tachibana 

Project Prota 
 Term Loan
Facilities 
 Commitment Letter 

Ladies and Gentlemen: 
 You have advised each of
Deutsche Bank AG New York Branch (“DBNY”) and Deutsche Bank Securities Inc. (“DBSI” and, together with DBNY, collectively, the “Agents”, “DB”, “we” or
“us”) that you intend to consummate the Transaction (such term and each other capitalized term used but not defined herein having the meaning assigned to such term in the Transaction Description attached hereto as Exhibit A
or in the Term Sheet or Summary of Additional Conditions referred to below). 
  

	1.	Commitments. 

 In connection with the foregoing, DBNY is pleased to advise you of its
commitment to provide 100% of the principal amount of the Committed Initial Term Loan Facility, upon the terms set forth or referred to in this commitment letter (together with the exhibits attached hereto, this “Commitment Letter”)
and in the Summary of Principal Terms and Conditions for the Term Loan Facilities attached hereto as Exhibit B (the “Term Sheet”) and subject to the conditions set forth in the Summary of Additional
Conditions Precedent attached hereto as Exhibit C (the “Summary of Additional Conditions”). 
  

	2.	Titles and Roles. 

 You hereby appoint (a) DBSI to act, and DBSI hereby agrees to
act, as sole lead book running manager and sole lead arranger for the Initial Term Loan Facility (in such capacity, the “Lead Arranger”) and (b) DBNY to act, and DBNY hereby agrees to act, as sole administrative agent and
collateral agent for the Term Loan Facilities, in each case upon the terms and subject to the conditions set forth or referred to in this Commitment Letter. Each of DBSI and DBNY will perform the duties and exercise the authority customarily
performed and exercised by it in the foregoing roles. DBSI will have “left side” designation and shall appear on the top left of the cover page of any marketing materials for the Initial Term Loan Facility and will have all rights and
responsibilities associated with such position and placement. 

  
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	3.	Syndication. 

 We intend, prior to and/or after the execution of definitive documentation
for the Term Loan Facility (the “Term Loan Documentation”), to syndicate all or a portion of our commitments with respect to the Committed Initial Term Loan Facility and, upon your request, all of the Additional Uncommitted Term
Loans to a group of banks, financial institutions and other lenders (together with DBNY, the “Lenders”) identified by us in consultation with you pursuant to a syndication to be managed exclusively by the Lead Arranger,
provided that we will not syndicate to (i) those persons identified by you by name in writing to us prior to the date hereof or (ii) competitors of the Borrower, any of its subsidiaries or the Acquired Business that are identified
by you by name in writing prior to the date hereof (such persons, together with any person that is clearly identifiable as an affiliate of such person on the basis of its name, collectively, the “Disqualified Institutions”);
provided, further, that the Borrower, upon reasonable written notice to the Lead Arranger after the date hereof (or, after the Closing Date, the Administrative Agent), shall be permitted to supplement in writing the list of persons
that are Disqualified Institutions to the extent such supplemented person is or becomes a bona fide competitor of the Borrower, its subsidiaries and the Acquired Business; provided however, that such supplementation shall not apply
retroactively to disqualify any parties that have previously acquired an assignment or participation interest in the Loans; and provided, further, that a competitor or an affiliate of a competitor shall not include any bona fide debt
fund or investment vehicle (other than a person which is excluded pursuant to clause (i) above). All aspects of the syndication of the Initial Term Loan Facility, including, without limitation, timing, potential syndicate members to be
approached, titles, allocations and division of fees, shall be determined by (and coordinated through) the Lead Arranger in consultation with you (subject only to the last paragraph of Section 2 and your express consent rights as provided
above). 
 We intend to commence our syndication efforts with respect to the Initial Term Loan Facility following your execution and
delivery to us of this Commitment Letter and, until the earlier to occur of (i) a Successful Syndication (as defined in the Fee Letter) and (ii) forty-five (45) days after the Closing Date (the “Syndication Period”),
you agree actively to assist (and to use your commercially reasonable efforts to cause the Acquired Business to actively assist) us in completing a syndication that is reasonably satisfactory to us and you. Such assistance shall include
(a) your using commercially reasonable efforts to ensure that any syndication efforts benefit materially from your and the Acquired Business’ existing lending and investment banking relationships, (b) direct contact between your
senior management, representatives and advisors (and your using commercially reasonable efforts to cause direct contact between senior management, representatives and advisors of the Acquired Business), on the one hand and the proposed Lenders and
rating agencies identified by the Lead Arranger on the other hand, at times and places reasonably requested by the Lead Arranger, (c) assistance by you (and your using commercially reasonable efforts to cause the assistance by the Acquired
Business) in the prompt preparation of a Confidential Information Memorandum for the Initial Term Loan Facility and other marketing materials and information reasonably deemed necessary by the Lead Arranger to complete a Successful Syndication
(collectively, the “Information Materials”) for delivery to potential syndicate members and participants prior to the commencement of the Marketing Period, including, without limitation, any financial estimates, forecasts,
projections and other forward-looking financial information regarding the future performance of the Borrower and its subsidiaries, including the Acquired Business (such forward-looking financial information, collectively, the
“Projections”), (d) the hosting, at reasonable times and upon reasonable request, with the Lead Arranger, of one or more meetings and/or conference calls with prospective Lenders, (e) your ensuring (or, in the case of the
Acquired Business, your using commercially reasonable efforts to ensure) that, until the later of (x) the end of the Syndication Period and (y) the Closing Date, there will not be any announcement, offering, placement or arrangement of
issues of debt securities or credit facilities of, or on behalf of, you, the Acquired Business or any of your or their subsidiaries (including refinancings and renewals of debt but excluding the Initial Term Loan Facility, debt expressly permitted
to be incurred by the Acquired Business (and remain outstanding on the Closing Date) under the Merger Agreement (as in effect on the date hereof), working capital indebtedness incurred in the ordinary course of business, intercompany indebtedness,
purchase money debt and capital lease obligations incurred in the ordinary course of business or other indebtedness that has otherwise been 

  
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consented to by the Lead Arranger), without the consent of the Lead Arranger, if such announcement, offering, placement or arrangement would reasonably be expected to impair the primary
syndication of the Initial Term Loan Facility in any material respect, and (f) your using commercially reasonable efforts to obtain (i) public ratings for the Initial Term Loan Facility (of any level), from each of Standard &
Poor’s Ratings Services (“S&P”) and Moody’s Investor’s Services, Inc. (“Moody’s”), and (ii) a public corporate rating and a public corporate family rating of the Borrower (of any level)
from each of S&P and Moody’s, respectively, in each case prior to the launch of the syndication of the Initial Term Loan Facility. Notwithstanding anything to the contrary contained in this Commitment Letter or the Fee Letter, (a) none
of the foregoing (including the obtaining of the ratings referenced above) shall constitute a condition to the commitments hereunder or the funding of the Committed Initial Term Loan Facility on the Closing Date, (b) except as expressly
provided in Section 11 of the Summary of Additional Conditions hereto, neither the commencement nor the completion of the syndication of the Committed Initial Term Loan Facility shall constitute a condition precedent to the funding of the
Committed Initial Term Loan Facility on the Closing Date, and (c) the only Projections or pro forma or other financial statements that shall be required to be provided to the Lead Arranger in connection with the syndication of the Initial Term
Loan Facility shall be those required to be delivered pursuant to Section 7 of Exhibit C. 
 Notwithstanding the foregoing, it
is understood and agreed that (i) neither this Commitment Letter nor the Fee Letter is an express or an implied commitment or offer and there shall be no obligation of, any Agent or any of its affiliates, to provide, underwrite or participate
in the Additional Uncommitted Term Loans and (ii) DB shall be under no obligation to pay any consideration to any Lender to arrange the Additional Uncommitted Term Loans.

You hereby acknowledge that (a) the Agents will make available Information (as defined below) and Projections, and the documentation
relating to the Term Loan Facilities referred to in the paragraph below, to the proposed syndicate of Lenders (which will exclude Disqualified Institutions) by transmitting such Information, Projections and documentation through Intralinks,
Debtdomain, SyndTrak Online, the internet, email or similar electronic transmission systems and (b) certain of the Lenders may be “public side” Lenders (i.e., Lenders that (i) have personnel that wish only to receive
information and documentation that does not constitute or include material non-public information (within the meaning of the United States federal securities laws) and (ii) do not wish to receive material
non-public information with respect to the Borrower and its subsidiaries, the Acquired Business or their respective securities). You further agree, at the request of the Lead Arranger, to assist in the prompt
preparation of a version of the Confidential Information Memorandum and other marketing materials and presentations to be used in connection with the syndication of the Initial Term Loan Facility, consisting exclusively of information and
documentation that is either (i) publicly available or (ii) not material with respect to the Borrower, the Acquired Business or their respective subsidiaries or any of their respective securities for purposes of United States Federal and
state securities laws (all such information and documentation being “Public Lender Information” and with any information and documentation that is not Public Lender Information being referred to herein as “Private Lender
Information”). 
 It is understood that in connection with your assistance described above, customary authorization letters will be
included in any such Confidential Information Memorandum that authorize the distribution thereof to prospective Lenders, represent that the additional version of the Confidential Information Memorandum containing only Public Lender Information does
not include any Private Lender Information and exculpate us with respect to any liability related to the use of the contents of such Confidential Information Memorandum or any related offering and marketing materials by the recipients thereof and
exculpate you and the Acquired Business with respect to any liability related to the misuse of the contents of such Confidential Information Memorandum or any related offering and marketing materials by the recipients thereof. Before distribution of
any such Confidential Information 

  
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Memorandum or any related offering and marketing materials, each document to be disseminated by the Lead Arranger (or any other Agent) to any Lender in connection with the Term Loan Facilities
will be identified by you as either (i) containing Private Lender Information or (ii) containing solely Public Lender Information. 

You further agree that the following documents may be distributed as Public Lender Information, unless you advise the Lead Arranger in writing
(including by email) within a reasonable time prior to their intended distribution that such materials should only be distributed as Private Lender Information (provided that such materials have been provided to you and your counsel for review a
reasonable period of time prior thereto): (a) administrative materials prepared by the Lead Arranger for prospective Lenders (such as a lender meeting invitation, bank allocation, if any, and funding and closing memoranda), (b) customary marketing
term sheets and notification of changes in the Term Loan Facilities’ terms and conditions, (c) drafts and final versions of the Term Loan Documentation and (d) publicly available financial statements of the Borrower and the Acquired
Business. 
  

	4.	Information. 

 You represent and warrant (and with respect to Information (as defined
below) relating to the Acquired Business, to the best of your knowledge prior to the Closing Date) that (a) no written information which has been or is hereafter furnished to us by you or on your behalf in connection with the transactions
contemplated hereby (other than the Projections, pro formas, other forward looking information and information of a general economic or industry specific nature) (such written information being referred to herein collectively as the
“Information”) when taken as a whole contained (or, in the case of Information furnished after the date hereof, will contain), as of the time it was (or hereafter is) furnished, any material misstatement of fact or omitted (or will
omit) as of such time to state any material fact necessary to make the statements therein taken as a whole not misleading, in light of the circumstances under which they were (or hereafter are) made and (b) the Projections that have been or
will be made available to the Lead Arranger by you or any of your representatives have been or will be prepared in good faith based upon assumptions that you believe to be reasonable at the time made and at the time such Projections are made
available to the Lead Arranger, it being recognized by the Agents that such Projections are not to be viewed as facts and that actual results during the period or periods covered by any such Projections may differ significantly from the projected
results, and that no assurance can be given that the projected results will be realized. You agree that if at any time prior to the earlier of (x) 45 days after the Closing Date and (y) the later of (i) the Closing Date and (ii) a
Successful Syndication, any of the representations and warranties in the preceding sentence would (to the best of your knowledge, with respect to Information relating to the Acquired Business prior to the Closing Date) be incorrect in any material
respect if the Information and Projections were being furnished, and such representations and warranties were being made, at such time, then you will promptly supplement the Information and the Projections so that (to the best of your knowledge,
with respect to the Information relating to the Acquired Business prior to the Closing Date) such representations and warranties will be correct in all material respects under those circumstances. You understand that, in arranging and syndicating
the Initial Term Loan Facility, we will be entitled to use and rely on the Information and the Projections without responsibility for independent verification thereof and do not assume responsibility for the accuracy or completeness of the
Information or the Projections. 
  

	5.	Conditions Precedent. 

 DBNY’s commitment hereunder, and each Agent’s agreement
to perform the services described herein, are subject only to the satisfaction of the conditions set forth in the Summary of Additional Conditions (the “Exclusive Funding Conditions”). 

  
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 Notwithstanding anything set forth in this Commitment Letter, the Fee Letter or the Term Loan
Documentation, or any other agreement or other undertaking concerning the transactions contemplated hereby to the contrary, (i) the only representations and warranties the accuracy of which shall be a condition to the availability of the
Committed Initial Term Loan Facility on the Closing Date shall be (x) such of the representations made by (or with respect to) the Acquired Business in the Merger Agreement as are material to the interests of the Lenders, but only to the extent
that you have (or your applicable affiliate has) the right (taking into account any applicable cure provisions and determined without regard to any notice requirement) to terminate your (or your affiliate’s) obligations (or to refuse to
consummate the Acquisition) under the Merger Agreement as a result of a breach of such representations (the “Merger Agreement Representations”) and (y) the Specified Representations (as defined below) and (ii) the terms of
the Term Loan Documentation shall be in a form such that they do not impair the availability of the Committed Initial Term Loan Facility on the Closing Date if the Exclusive Funding Conditions shall have been satisfied or waived (it being understood
that to the extent any Collateral referred to in the Term Sheet may not be perfected by (A) the filing of a UCC financing statement or (B) taking delivery and possession of any stock certificates of the Borrower and its subsidiaries that
constitute Collateral, if the perfection of the Administrative Agent’s security interest in such Collateral may not be accomplished prior to the Closing Date after your use of commercially reasonable efforts to do so, then the perfection of the
security interest in such Collateral shall not constitute a condition precedent to the availability of the Committed Initial Term Loan Facility on the Closing Date but, instead, may be accomplished within 90 days after the Closing Date (or such
longer period after the Closing Date reasonably acceptable to the Administrative Agent); provided that stock certificates representing equity interests in any subsidiaries of the Target (to the extent required under the terms of the
Term Sheet) will, to the extent you have used commercially reasonable efforts to obtain them, only be required to be delivered on the Closing Date to the extent received from the holders thereof prior to the Closing Date). For purposes hereof,
“Specified Representations” means the representations and warranties set forth in the Term Loan Documentation relating to corporate existence, corporate power and authority relating to the entering into and performance of the Term
Loan Documentation, the due authorization, execution, delivery, validity and enforceability of the Term Loan Documentation, no conflicts of the Term Loan Documentation with organizational documents, margin regulations, the Investment Company Act of
1940, as amended, solvency of the Borrower and its subsidiaries on a consolidated basis as of the Closing Date (after giving pro forma effect to the Transaction and with solvency to be defined consistently with the solvency certificate
to be delivered pursuant to Section 6 of Exhibit C), Patriot Act/“know your customer” laws, use of proceeds of the Initial Term Loan Facility not in violation of OFAC/sanctions/anti-terrorism laws, FCPA/anti-corruption laws and
anti-money laundering laws and, subject to the last parenthetical appearing in the preceding sentence and customary “permitted liens”, the creation, validity, perfection and priority of the security interests granted in the proposed
Collateral. The provisions of this paragraph are referred to as the “Funds Certain Provisions”. 
 You agree that we will
have the right to communicate and consult with you and your affiliates with respect to your and their rights and remedies under the Merger Agreement.     
  

	6.	Fees. 

 As consideration for DBNY’s commitment hereunder, and each Agent’s
agreement to perform the services described herein, you agree to pay (or cause to be paid) to each Agent the fees to which such Agent is entitled set forth in this Commitment Letter and in the Fee Letter dated the date hereof and delivered herewith
with respect to the Initial Term Loan Facility (the “Fee Letter”). 

  
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	7.	Expenses; Indemnification. 

 To induce each Agent to issue this Commitment Letter and to
proceed with the Term Loan Documentation, you hereby agree that all reasonable and documented out-of-pocket fees and expenses (including the reasonable and documented
fees and expenses of outside counsel and consultants) of each Agent and its respective affiliates arising in connection with the Initial Term Loan Facility and the preparation, negotiation, execution, delivery and enforcement of this Commitment
Letter, the Fee Letter and the Term Loan Documentation (including in connection with our due diligence and syndication efforts) shall be for your account (and that you shall from time to time upon request from such Agent reimburse such Agent and its
affiliates for all such reasonable and documented out-of-pocket fees and expenses paid or incurred by them); provided that you shall only be responsible for the
reasonable and documented fees and expenses of one primary counsel acting for the Agents (taken as a whole) for the Initial Term Loan Facility and one local counsel for each relevant jurisdiction as may be necessary or advisable in the judgment of
the Agents. 
 You further agree to indemnify and hold harmless each Agent and each other agent or
co-agent (if any) designated by the Lead Arranger with respect to the Initial Term Loan Facility (each, a “Co-Agent”) and their respective affiliates
and controlling persons and the respective directors, officers, employees, representatives and agents of each of the foregoing (each, an “Indemnified Person”) from and against any and all actions, suits, proceedings (including any
investigations or inquiries), claims, losses, damages, liabilities or expenses of any kind or nature whatsoever (subject, in the case of any costs or expenses incurred by the Indemnified Person in connection with the negotiation or documentation of
the Term Loan Facilities, this Commitment Letter or the Fee Letter, to the limitations set forth in the immediately preceding paragraph) which may be incurred by or asserted against or involve any Agent, any
Co-Agent or any other such Indemnified Person as a result of or arising out of or in any way related to or resulting from the Transaction, this Commitment Letter or the Fee Letter (any of the foregoing, a
“Proceeding”) and, upon demand, to pay and reimburse each Agent, each Co-Agent and each other Indemnified Person for any reasonable and documented legal or other
out-of-pocket expenses paid or incurred in connection with investigating, defending or preparing to defend any such action, suit, proceeding (including any inquiry or
investigation) or claim (whether or not any Agent, any Co-Agent or any other such Indemnified Person is a party to any action or proceeding out of which any such expenses arise or such matter is initiated by a
third party or by you or any of your affiliates); provided, however, that the foregoing indemnity will not, as to any Indemnified Person, apply to losses, claims, damages, liabilities or related expenses (i) to the extent they are
found in a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the willful misconduct, bad faith or gross negligence of such Indemnified Person or any of such Indemnified
Person’s controlled or controlling affiliates or any of its or their respective officers, directors, employees, agents, controlling persons, members or representatives (collectively, such Indemnified Person’s “Related
Persons”), (ii) arising out of a material breach by such Indemnified Person (or any of such Indemnified Person’s Related Persons) of its respective obligations under this Commitment Letter or the Fee Letter (as determined by a court of
competent jurisdiction in a final and non-appealable judgment) or (iii) arising out of any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or
omission of you or any of your subsidiaries and that is brought by an Indemnified Person against any other Indemnified Person (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against any Agent in its capacity
or in fulfilling its role as an administrative agent or Lead Arranger under the Term Loan Facilities); provided, however, that the foregoing indemnity will apply to any such settlement in the event that you were offered the ability to
assume the defense of the action that was the subject matter of such settlement and elected not to assume such defense; and provided, further, that you shall be responsible for the fees and expenses of only one counsel for all
Indemnified Persons in connection with indemnification claims arising out of the same facts or circumstances and, if reasonably necessary or advisable in the judgment of the Agents, a single local counsel to the Indemnified Persons in each relevant
jurisdiction and, solely in the case of an actual or perceived conflict of interest, one additional primary counsel and one additional local counsel in each applicable jurisdiction, in each case, to the affected Indemnified Persons. No Indemnified
Person shall be responsible or liable to you or any other person or entity for any damages arising from the use by 

  
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others of information or other materials obtained through electronic, telecommunications, internet-based or other information transmission systems (including, without limitation, IntraLinks,
Debtdomain, SyndTrak Online or email), except to the extent such damages have resulted from the willful misconduct, gross negligence or bad faith of such Indemnified Person (as determined by a court of competent jurisdiction in a final and non-appealable judgment). None of you or Target (or any of your or its respective subsidiaries), or any Indemnified Person shall be liable for any indirect, special, exemplary, incidental, punitive or consequential
damages (including, without limitation, any loss of profits, business or anticipated savings) which may be alleged as a result of this Commitment Letter, the Fee Letter or the financing contemplated hereby; provided that nothing contained in
this paragraph will limit your indemnification obligations set forth herein to the extent such indirect, special, punitive or consequential damages are included in any third party claim with respect to which the applicable Indemnified Person is
entitled to indemnification under the first paragraph of this Section 7. 
 Notwithstanding anything to the contrary herein, you shall
not be liable for any settlement of any Proceeding effected without your written consent (which consent shall not be unreasonably withheld or delayed), but if settled with your written consent or if there is a final and non-appealable judgment by a court of competent jurisdiction in any such Proceeding, you agree to indemnify and hold harmless each Indemnified Person from and against any and all losses and reasonable and documented
or invoiced legal or other out-of-pocket expenses by reason of such settlement or judgment in accordance with and to the extent provided in the other provisions of this
Section 7. If you have reimbursed any Indemnified Person for any legal or other expenses in accordance with such request and there is a final and non-appealable judicial determination that the Indemnified
Person was not entitled to indemnification or contribution rights with respect to such payment pursuant to this Section 7, then the Indemnified Person shall promptly refund such amount. 

 

	8.	Sharing Information; Absence of Fiduciary Relationship; Affiliate Activities. 

 Each
Agent reserves the right to employ the services of its affiliates (including, in the case of DB, Deutsche Bank AG) in providing services contemplated by this Commitment Letter and to allocate, in whole or in part, to its affiliates certain fees
payable to such Agent in such manner as such Agent and its affiliates may agree in their sole discretion. You acknowledge that (i) each Agent may share with any of its affiliates, and such affiliates may share with such Agent, any information
related to the Transaction, you, the Acquired Business (and your and its respective subsidiaries and affiliates), or any of the matters contemplated hereby and (ii) each Agent and its affiliates may be providing debt financing, equity capital
or other services (including financial advisory services) to other companies in respect of which you or your subsidiaries may have conflicting interests regarding the transactions described herein or otherwise. No Agent will, however, furnish
confidential information obtained from you by virtue of the transactions contemplated by this Commitment Letter or its other relationships with you to other companies (other than your affiliates). You also acknowledge that no Agent has any
obligation to use in connection with the transactions contemplated by this Commitment Letter, or to furnish to you, confidential information obtained by it from other companies. 

You further acknowledge and agree that (a) no fiduciary, advisory or agency relationship between you and us is intended to be or has been
created in respect of any of the transactions contemplated by this Commitment Letter, irrespective of whether we or our affiliates have advised or are advising you on other matters, (b) we, on the one hand, and you, on the other hand, have an
arms-length business relationship that does not directly or indirectly give rise to, nor do you rely on, any fiduciary duty on our part, (c) you are capable of evaluating and understanding, and you understand and accept, the terms, risks and
conditions of the transactions contemplated by this Commitment Letter, (d) you have been advised that we and our affiliates are engaged in a broad range of transactions that may involve interests that differ from your interests and that we and
our affiliates have no obligation to disclose such interests and 

  
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transactions to you by virtue of any fiduciary, advisory or agency relationship, and (e) you waive, to the fullest extent permitted by law, any claims you may have against us or our
affiliates for breach of fiduciary duty or alleged breach of fiduciary duty and agree that we and our affiliates shall have no liability (whether direct or indirect) to you in respect of such a fiduciary duty claim or to any person asserting a
fiduciary duty claim on behalf of or in right of you, including your stockholders, employees or creditors. 
 You further acknowledge that
DBSI is a full service securities firm engaged in securities trading and brokerage activities as well as providing investment banking and other financial services. In the ordinary course of business, DBSI and/or its affiliates may provide investment
banking and other financial services to, and/or acquire, hold or sell, for their own accounts and the accounts of customers, equity, debt and other securities and financial instruments (including bank loans and other obligations) of, you, the
Acquired Business and your and its subsidiaries and other companies with which you, the Acquired Business or your or its subsidiaries may have commercial or other relationships. With respect to any securities and/or financial instruments so held by
DBSI, any of its affiliates or any of their respective customers, all rights in respect of such securities and financial instruments, including any voting rights, will be exercised by the holder of the rights, in its sole discretion. 

Each Agent or its affiliates may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of you, your subsidiaries the
Acquired Business or other companies which may be the subject of the arrangements contemplated by this Commitment Letter or engage in commodities trading with any thereof. 

You acknowledge that you have been advised of the roles of DB and/or its affiliates as buy-side
advisors to you in connection with the Transaction and that, in such capacity, DB and/or its affiliates are not advising you to enter into this Commitment Letter or advising you with respect to any financing contemplated herein. You acknowledge and
agree that you (together with your legal and other advisors) are independently evaluating this Commitment Letter and any provision of financing contemplated herein and are fully aware of any conflicts of interest which may exist as a result of
DB’s engagement hereunder and the engagement of DB and/or its affiliates as buy-side advisors to you. You acknowledge and agree to such retentions, and further agree not to assert any claim you might
allege based on any actual or potential conflicts of interest that might be asserted to arise or result from, on the one hand, the engagement of DB hereunder or any arrangement, underwriting or provision by DB and/or its affiliates of any financing
in connection with the Transactions and, on the other hand, DB’s and/or its affiliates’ roles as buy-side advisors to you in connection with the Transactions. 

 

	9.	Confidentiality. 

 This Commitment Letter is delivered to you on the understanding that
neither this Commitment Letter nor the Fee Letter nor any of their terms or substance shall be disclosed, directly or indirectly, by you to any other person or entity except (a) to your affiliates, officers, directors, employees, attorneys,
accountants and advisors who are directly involved in the consideration of this matter and on a confidential and need-to-know basis or (b) as required by applicable
law or compulsory legal process or in connection with any pending legal proceeding (in which case you agree, to the extent permitted by applicable law, to inform us promptly thereof) or regulatory review or (c) if the Agents consent in writing
to such proposed disclosure; provided that (i) you may disclose this Commitment Letter, the Fee Letter, the Term Loan Documentation and the contents hereof (provided that any such disclosure of the Fee Letter or the contents thereof
shall be subject to customary redaction of the fees and the economic “market flex” provisions contained therein on terms reasonably satisfactory to the Lead Arranger) to the Acquired Business, its affiliates and their respective officers,
directors, employees, attorneys, accountants 

  
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and advisors, in each case who are directly involved in the consideration of this matter and on a confidential and
need-to-know basis, (ii) you may disclose the Term Sheet and the other exhibits and annexes to the Commitment Letter, and the contents thereof, to any rating
agencies in connection with obtaining ratings for the Borrower and the Initial Term Loan Facility, (iii) you may disclose the aggregate fee amounts contained in the Fee Letter as part of a generic disclosure of aggregate sources and uses
related to fee amounts applicable to the Transaction to the extent customary or required in any public filing relating to the Transaction, and (iv) this Commitment Letter and the Fee Letter may be disclosed (x) upon the request or demand
of any regulatory authority or self regulatory body having jurisdiction or oversight over you or any of your affiliates, their businesses or operations and (y) to a court, tribunal or any other applicable administrative agency or judicial
authority in connection with the enforcement of your rights hereunder (in which case you agree to inform the Lead Arranger promptly thereof prior to such disclosure to the extent permitted by applicable law), and (v) you may disclose this
Commitment Letter (but not the Fee Letter) and its contents in any information memorandum or syndication distribution, as well as in any public filing or other marketing materials relating to the Acquisition or the Initial Term Loan Facility. 

Each Agent and its affiliates will use all confidential information provided to it or such affiliates by or on behalf of you hereunder solely
for the purpose of providing the services which are the subject of this Commitment Letter and shall treat confidentially all such information; provided that nothing herein shall prevent any Agent from disclosing any such information
(a) pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process (in which case such Agent, to the extent permitted by
law, agrees to inform you promptly thereof), (b) upon the request or demand of any regulatory authority or self-regulatory body having jurisdiction or oversight over such Agent or any of its affiliates, their businesses or operations, (c) to
the extent that such information becomes publicly available other than by reason of improper disclosure by such Agent or any of its affiliates, (d) to the extent that such information is received by such Agent from a third party that is not to
its knowledge subject to confidentiality obligations to you or the Acquired Business, (e) to the extent that such information is independently developed by such Agent, (f) to such Agent’s affiliates and their respective employees,
legal counsel, independent auditors and other experts or agents who need to know such information in connection with the Transaction and are informed of the confidential nature of such information, (g) to potential Lenders, participants or
assignees or any potential counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower or any of its affiliates or any of their respective obligations, in each case who agree (which may be oral or pursuant to
customary syndication practice) to be bound by the terms of this paragraph (or language substantially similar to this paragraph), (h) for purposes of establishing a “due diligence” defense, (i) to enforce their respective rights
hereunder or under the Fee Letter, or (j) to the extent permitted by Section 11 hereof in respect of the customary advertisements and promotional materials contemplated thereby. The obligations under this Section 9 shall automatically
terminate and be superseded by the confidentiality provisions in the Term Loan Documentation upon the execution and delivery of the Term Loan Documentation and initial funding thereunder or shall expire on the first anniversary of the date of your
acceptance of this Commitment Letter, whichever occurs earlier. 
  

	10.	Assignments; Etc. 

 This Commitment Letter and the Fee Letter (and your rights and
obligations hereunder and thereunder) shall not be assignable by you without the prior written consent of each Agent (and any attempted assignment without such consent shall be null and void), are intended to be solely for the benefit of the parties
hereto and thereto (and Indemnified Persons), are not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto and thereto (and Indemnified Persons) and may not be relied upon by any person or
entity other than you. DBNY may assign or participate its commitment hereunder to one or more prospective Lenders; provided that, (a) 

  
 -9- 








 
DBNY shall not be relieved or novated from its obligations hereunder (including its obligation to fund the Committed Initial Term Loan Facility on the Closing Date) in connection with any
syndication, assignment or participation of the Committed Initial Term Loan Facility, including its commitments in respect thereof, until the initial funding of the Committed Initial Term Loan Facility on the Closing Date, (b) no assignment or
novation shall become effective with respect to all or any portion of DBNY’s commitments in respect of the Committed Initial Term Loan Facility until the initial funding of the Committed Initial Term Loan Facility on the Closing Date, and
(c) unless you agree in writing, DBNY shall retain exclusive control over all rights and obligations with respect to its commitments in respect of the Committed Initial Term Loan Facility, including all rights with respect to consents,
modifications, supplements and amendments, until the Closing Date has occurred. Any and all obligations of, and services to be provided by, any Agent hereunder (including, without limitation, the commitment of DBNY) may be performed, and any and all
rights of any Agent hereunder may be exercised, by or through any of its affiliates or branches; provided that with respect to the commitments under the Committed Initial Term Loan Facility, any assignments thereof to an affiliate will not
relieve the Agents from any of their obligations hereunder unless and until such affiliate shall have funded the portion of the commitment so assigned. 
  

	11.	Amendments; Governing Law; Etc. 

 This Commitment Letter and the Fee Letter may not be
amended or modified, or any provision hereof or thereof waived, except by an instrument in writing signed by you and each Agent. Each of this Commitment Letter and the Fee Letter may be executed in any number of counterparts, each of which shall be
an original and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this Commitment Letter or the Fee Letter by facsimile (or other electronic, i.e. a “pdf” or
“tif”) transmission shall be effective as delivery of a manually executed counterpart hereof or thereof, as the case may be. Section headings used herein and in the Fee Letter are for convenience of reference only, are not part of
this Commitment Letter or the Fee Letter, as the case may be, and are not to affect the construction of, or to be taken into consideration in interpreting, this Commitment Letter or the Fee Letter, as the case may be. Each Agent may, in consultation
with you, place customary advertisements in financial and other newspapers and periodicals or on a home page or similar place for dissemination of customary information on the Internet or worldwide web as it may choose, and circulate similar
promotional materials, after the closing of the Transaction in the form of a “tombstone” or otherwise describing the names of the Borrower and its affiliates (or any of them), and the amount, type and closing date of the transactions
contemplated hereby, all at the expense of such Agent. This Commitment Letter and the Fee Letter set forth the entire agreement between the parties hereto as to the matters set forth herein and therein and supersede all prior understandings, whether
written or oral, between us with respect to the matters herein and therein. Matters that are not covered or made clear in this Commitment Letter or in the Fee Letter are subject to mutual agreement of the parties hereto. THIS COMMITMENT LETTER
AND THE FEE LETTER AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY, INTERPRETATION, CONSTRUCTION, BREACH, ENFORCEMENT OR TERMINATION HEREOF OR THEREOF, AND WHETHER ARISING IN
CONTRACT OR TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK; provided that (a) the interpretation of the definition of Company Material Adverse
Effect (as defined in Exhibit C) and whether there shall have occurred a Company Material Adverse Effect, (b) whether the representations and warranties made with respect to the Acquired Business in the Merger Agreement are accurate and whether
as a result of a breach or inaccuracy thereof you or your affiliate have the right to terminate your or its obligations under the Merger Agreement, or refuse to consummate the transactions contemplated by the Merger Agreement and (c) whether
the Acquisition has been consummated in accordance with the terms of the Merger Agreement, shall be governed by, and construed in accordance with, the laws of the State of Delaware, 

  
 -10- 








 
without regard to principles of conflicts of law (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State
of Delaware. 
  

	12.	Jurisdiction. 

 Each of the parties hereto hereby irrevocably and unconditionally
(a) submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in the County of New York, Borough of Manhattan, and any appellate court from
any thereof, in any action or proceeding arising out of or relating to this Commitment Letter, the Fee Letter or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and agrees that all claims in
respect of any such action or proceeding shall be heard and determined only in such courts located within New York County, provided, however, that each Agent shall be entitled to assert jurisdiction over you and your property in
any court in which jurisdiction may be laid over you or your property, (b) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Commitment Letter, the Fee Letter or the transactions contemplated hereby or thereby in any such New York State or Federal court, as the case may be, (c) waives, to the fullest extent permitted
by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court, and (d) agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law. Each of the parties hereto agrees that service of any process, summons, notice or document by registered mail or overnight courier addressed to you at the address above shall be
effective service of process against you for any suit, action or proceeding brought in any such court. 
  

	13.	Waiver of Jury Trial. 

 EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY RIGHT TO TRIAL
BY JURY IN ANY ACTION, PROCEEDING, SUIT, CLAIM OR COUNTERCLAIM BROUGHT BY OR ON BEHALF OF ANY PARTY RELATED TO OR ARISING OUT OF THIS COMMITMENT LETTER, THE FEE LETTER OR THE PERFORMANCE OF SERVICES HEREUNDER OR THEREUNDER. 

 

	14.	Surviving Provisions. 

 The provisions of Sections 2, 3, 6, 7, 8, 9, 11, 12, 13 and 14 of
this Commitment Letter and the provisions of the Fee Letter shall remain in full force and effect regardless of whether definitive Term Loan Documentation shall be executed and delivered and notwithstanding the termination of this Commitment Letter
or the commitment of DBNY hereunder and our agreements to perform the services described herein; provided that your obligations under this Commitment Letter and the Fee Letter, other than those provisions relating to confidentiality,
the syndication of the Initial Term Loan Facility and the payment of annual agency fees to the Administrative Agent, shall automatically terminate and be superseded by the definitive Term Loan Documentation relating to the Term Loan Facilities upon
the initial funding thereunder and the payment of all amounts owing at such time hereunder and under the Fee Letter. 
  

	15.	PATRIOT Act Notification. 

 Each Agent hereby notifies you that pursuant to the
requirements of the USA PATRIOT ACT (Title III of Pub. Law 107-56 (signed into law October 26, 2001)) (as amended from time to time, the “PATRIOT Act”), such Agent is required to obtain,
verify and record information that identifies the 

  
 -11- 








 
Borrower, each Guarantor and any other borrowers and guarantors under the Term Loan Facilities, which information includes the name, address, tax identification number and other information
regarding the Borrower, such Guarantors and such other borrowers and guarantors that will allow such Agent to identify the Borrower, such Guarantors and such other borrowers and guarantors in accordance with the PATRIOT Act. This notice is given in
accordance with the requirements of the PATRIOT Act and is effective as to each Agent and each Lender. 
  

	16.	Termination and Acceptance. 

 DBNY’s commitment with respect to the Committed
Initial Term Loan Facility as set forth above, and each Agent’s agreements to perform the services described herein, will automatically terminate (without further action or notice and without further obligation to you) on the first to occur of
(i) 5:00 p.m., New York City time, on December 11, 2018, subject to the extension of such time to 5:00 p.m., New York City time, on March 11, 2019, pursuant to the terms of the Merger Agreement as in effect on the date hereof, unless
on or prior to such time the Transaction has been consummated, (ii) any time after the execution of the Merger Agreement and prior to the consummation of the Transaction, the date of the valid termination or abandonment of the Merger Agreement
in accordance with its terms (other than with respect to ongoing indemnities, confidentiality provisions and similar provisions) or (iii) the date of the closing of the Acquisition without the use of the Committed Initial Term Loan Facility.

 If the foregoing correctly sets forth our agreement with you, please indicate your acceptance of the terms of this Commitment Letter and
the Fee Letter by returning to us executed counterparts hereof and of the Fee Letter not later than 11:59 p.m., New York City time, on March 16, 2018. The commitment of DBNY hereunder, and each Agent’s agreement to perform the services
described herein, will expire automatically (and without further action or notice and without further obligation to you) at such time in the event that we have not received such executed counterparts in accordance with the immediately preceding
sentence. 
 [Remainder of this page intentionally left blank] 

  
 -12- 








 We are pleased to have been given the opportunity to assist you in connection with this important
financing. 
  

			
	Very truly yours,
	
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Nikko Hayes

	Name:	 	Nikko Hayes
	Title:	 	Managing Director
		
	By:	 	 /s/ Sandeep Desai

	Name:	 	Sandeep Desai
	Title:	 	Managing Director
	
	DEUTSCHE BANK SECURITIES INC.
		
	By:	 	 /s/ Nikko Hayes

	Name:	 	Nikko Hayes
	Title:	 	Managing Director
		
	By:	 	 /s/ Sandeep Desai

	Name:	 	Sandeep Desai
	Title:	 	Managing Director



  
 [Signature page
to Project Prota – Commitment Letter] 








 Accepted and agreed to as of 

the date first above written: 
  

			
	LUMENTUM HOLDINGS INC. 
		
	By:	 	 /s/ Aaron Tachibani

	Name:	 	Aaron Tachibani
	Title:	 	Chief Financial Officer


  
 [Signature page
to Project Prota – Commitment Letter] 








 EXHIBIT A 

Project Prota 
 Term Loan
Facilities 
 Transaction Description 

Capitalized terms used but not defined in this Exhibit A shall have the meanings set forth in the commitment letter
to which this Exhibit A is attached (the “Commitment Letter”) and in the other Exhibits to the Commitment Letter. 

Lumentum Holdings Inc., a Delaware corporation (“you” or the “Borrower”) intends to (i) acquire (the
“Acquisition”), in a “friendly” transaction, a target company identified to us as “Prota” (the “Target” and, together with its subsidiaries, the “Acquired Business”) by
way of (a) a merger of a newly-formed Delaware corporation wholly-owned by the Borrower (“MergerCo”) with and into the Target, with the Target continuing as the surviving entity of such merger and a wholly-owned subsidiary of
Borrower (the “Initial Merger”) and (b) as soon as practicable following the Initial Merger, the merger of the Target with and into a newly-formed Delaware limited liability company wholly-owned by the Borrower
(“MergerLLC”), with MergerLLC to be the surviving corporation of such merger, and (ii) concurrently with the consummation of the Acquisition, repay all of the existing indebtedness for borrowed money of the Acquired Business
other than Permitted Surviving Indebtedness (as defined in the Summary of Additional Conditions) (the “Refinancing”). After the consummation of the Acquisition, all of the outstanding equity interests of the Target will be owned,
directly or indirectly, by the Borrower. 
 The sources of funds needed to effect the Acquisition and the Refinancing, to pay all fees and
expenses incurred in connection with the Transaction (the “Transaction Costs”) and to provide for the working capital needs and general corporate requirements of the Borrower and its subsidiaries after giving effect to the
Acquisition shall be provided solely through: 
 (i) a senior secured term loan facility in an aggregate principal amount of
$550.0 million (the “Committed Initial Term Loan Facility”); provided that, (x) prior to the commencement of the Marketing Period, the Borrower may request additional senior secured term loans be made available
to the Borrower on the Closing Date in an aggregate principal amount not to exceed $250.0 million (the “Additional Uncommitted Term Loans”) and (y) if such Additional Uncommitted Term Loans can be syndicated in full by the
Lead Arranger on or prior to the Closing Date, such Additional Uncommitted Term Loans shall be added to (and constitute part of) the Committed Initial Term Loan Facility funded on the Closing Date (the Committed Initial Term Loan Facility as so
increased by the Additional Uncommitted Term Loans on the Closing Date (if applicable), the “Initial Term Loan Facility”); 

(ii) the issuance of common stock of the Borrower; and 

(iii) unrestricted cash on hand of the Borrower and the Target. 

The date on which the Acquisition and the Refinancing are consummated and the initial borrowings are made under the Committed Initial Term Loan Facility is
referred to herein as the “Closing Date”. The transactions described above are collectively referred to herein as the “Transaction”. 

  
 A-1 








 EXHIBIT B 

Project Prota 
 Term Loan
Facilities 
 Summary of Principal Terms and Conditions 

Capitalized terms used but not defined in this Exhibit B shall have the meanings set forth in the commitment letter
to which this Exhibit B is attached (the “Commitment Letter”) and in the other Exhibits to the Commitment Letter. In the case of any such capitalized term that is subject to multiple and differing definitions, the appropriate
meaning thereof in this Exhibit B shall be determined by reference to the context in which it is used. 
  

			
	Borrower:	  	Lumentum Holdings Inc., a Delaware corporation (the “Borrower”).
		
	Administrative Agent:	  	DBNY will act as sole administrative agent and collateral agent (in such capacities, the “Administrative Agent”) for a syndicate of banks, financial institutions and other lenders (other than Disqualified
Institutions) (together with DBNY, the “Lenders”) and will perform the duties customarily associated with such roles.
		
	Lead Arranger and Lead Book-Running Manager:	  	DBSI will act as sole lead arranger and lead book-running manager for the Initial Term Loan Facility and will perform the duties customarily associated with such roles (the “Lead
Arranger”).
		
	Initial Term Loan Facility:	  	 1. Amount: “B” term loan facility in an aggregate principal amount of $550.0 million (the
“Committed Initial Term Loan Facility”) (subject to increase at the Borrower’s election, to the extent required to fund or account for (i) any OID (as defined in the Fee Letter) with respect to the Committed Initial Term
Loan Facility required pursuant to the “market flex” provisions in the Fee Letter or (ii) the Ticking Fee (as defined in the Fee Letter)); provided that, (x) prior to the commencement of the Marketing Period, the Borrower
may request additional senior secured term loans be made available to the Borrower on the Closing Date in an aggregate principal amount not to exceed $250.0 million (the “Additional Uncommitted Term Loans”) and (y) if all
or part of such Additional Uncommitted Term Loans can be syndicated in full by the Lead Arranger on or prior to the Closing Date, all or such portion of such Additional Uncommitted Term Loans so syndicated, as the case may be, may be added to (and
constitute part of) the Committed Initial Term Loan Facility funded on the Closing Date (the Committed Initial Term Loan Facility as so increased by the Additional Uncommitted Term Loans on the Closing Date, the “Initial Term Loan
Facility”).

		
		  	 2. Use of Proceeds: The loans made pursuant to the Initial Term Loan Facility (the “Term
Loans”) may only be incurred on the Closing Date and the proceeds thereof shall be utilized solely (i) in the case of proceeds from the Committed Initial Term Loan Facility, to finance, in part, the Acquisition and the Refinancing and
to pay the Transaction Costs and (ii) in the case of proceeds from Additional Uncommitted Term Loans, for general corporate purposes of the Borrower and its subsidiaries (including the Transaction Costs but excluding the funding of the
Acquisition and the Refinancing).



  
 B-1 









			
		  	 3. Maturity: The final maturity date of the Initial Term Loan Facility shall be 7 years from the Closing Date
(the “Term Loan Maturity Date”).
  
 4.
Amortization: (i) During the first 6-3/4 years following the Closing Date (commencing on the first full fiscal quarter ending after the Closing Date), quarterly amortization of the Term Loans shall be
required in an amount equal to 0.25% of the initial aggregate principal amount of the Term Loans incurred on the Closing Date.
  

(ii) The remaining aggregate principal amount of Term Loans originally incurred shall be due and payable in full on the Term Loan Maturity
Date.
  
 5. Availability: Term Loans may only be incurred on
the Closing Date. No amount of Term Loans once repaid may be reborrowed.
  

6. Issuance Price: 99.50%; provided that the discount to par reflected in the issuance price of Term Loans may, at the
election of the Lead Arranger, be taken in the form of an upfront fee paid on the Closing Date. All calculations of interest in respect of the Term Loans will be calculated on the basis of the principal amount of Term Loans actually outstanding at
any time (without giving effect to any original issue discount).

		
	Incremental Term Facilities:	  	The Borrower will have the right to obtain from existing Lenders or prospective lenders incremental commitments consisting of one or more increases to the Initial Term Loan Facility and/or one or more new tranches of term loans
to be made available under the Term Loan Documentation (each, an “Incremental Term Facility” and, together with the Initial Term Loan Facility, collectively, the “Term Loan Facilities”) in an aggregate amount not to
exceed the sum of (a) the greater of (x) $485.0 million (less the aggregate principal amount of Additional Uncommitted Term Loans actually incurred on the Closing Date) and (y) 100% of Consolidated EBITDA (as defined below) of the Borrower
and its subsidiaries for the most recently ended period of four consecutive fiscal quarters for which financial statements have been delivered (less the sum of the aggregate amount of all Incremental Equivalent Debt (as defined below)
incurred in reliance on this clause (a)) plus (b) all voluntary prepayments of the Initial Term Loan Facility (and Incremental Term Facilities to the extent incurred in reliance on clause (a) above) made prior to the date of
incurrence of any such Incremental Term Facility (including voluntary prepayments and buybacks at a discount to par to the extent of the cash used for such purposes), in each case, to the extent not funded with proceeds of long term debt,
plus (c) an additional amount at such time that, after giving pro forma effect thereto (including use of proceeds), could be incurred without causing the pro forma First-Lien Net Leverage Ratio (as defined below) to exceed (x) the
greater of (A) First-Lien Net Leverage Ratio as of the Closing Date and (B) 1.75:1.00 or (y) at Borrower’s option, if such Incremental Term Loan is incurred to finance a Permitted Acquisition (as defined below), the greater of
(A) the First-Lien Net Leverage Ratio as in effect immediately before consummation of such Permitted Acquisition and


  
 B-2 









			
		 	 (B) 1.75:1.00; provided that (i) all Incremental Term Facilities and permitted refinancings of the foregoing (or prior
permitted refinancings) shall be included in the numerator of such ratio regardless of whether, and to what extent, secured and (ii) the proceeds of any Incremental Term Facilities shall not be netted from indebtedness for the purposes of such
calculation; provided, further, that:
  

(i) no such Incremental Term Facility will be available until the later of (x) the end of the Syndication
Period and (y) 45 days after the Closing Date;
  

(ii)  (A) no default or event of default exists or would exist after giving effect thereto and
(B) the representations and warranties set forth in the terms of the Term Loan Documentation shall be true and correct in all material respects (except for (i) representations and warranties which expressly relate to an earlier date, which
shall be true and correct in all material respects as of such earlier date and (y) representations and warranties qualified by materiality, which shall be true and correct in all respects); provided that to the extent the proceeds of any
Incremental Term Facility are intended to be applied to finance a Limited Conditionality Acquisition (as defined below) that is permitted under the Term Loan Documentation, the requirements of this clause (ii) shall, if agreed by the lenders
providing such Incremental Term Facility, be subject to customary “SunGard” or “certain funds” conditionality provisions, and the event of default test referred to in clause (A) above shall only be tested at the time of the
execution of the relevant acquisition agreement;
  

(iii)  any such Incremental Term Facility shall rank pari passu in right of payment with the Initial Term
Loan Facility and shall not benefit from any guarantees not also applicable to the Initial Term Loan Facility and be secured on a pari passu basis by the same Collateral (as defined below) securing, the Initial Term Loan Facility; and

 
 (iv) except for the terms described in this
clause (iv), loans to be made under an Incremental Term Facility (each, an “Incremental Term Loan” and, together with the Term Loans, the “Loans”) shall be subject to the same terms as the initial Term Loans, unless
such Incremental Term Loans are made a part of the Initial Term Loan Facility (in which case all terms thereof shall be identical to those of the Initial Term Loan Facility), provided that:

 
 (a)   the interest rates shall
be determined mutually by the Borrower and the lenders providing such Incremental Term Loans; provided that if the interest rate margins for any Incremental Term Facility incurred on or prior to the six (6) month anniversary of the
Closing Date (other than (i) Incremental Term Loans that have an outside maturity date more than two years after the Term Loan Maturity Date and (b) Incremental Term Loans in an aggregate amount not in excess of $50.0 million) are higher
than the interest rate margins for the Initial Term Loan Facility by more than 75 basis points, then the interest rate margins for the Initial Term Loan Facility shall be increased to the extent necessary so that such interest rate margins are equal
to the interest rate margins for such Incremental Term Facility minus 75



  
 B-3 









			
		 	 basis points (it being understood that any such increase in the interest rate margin shall not require the consent of
any Lender); provided that, in determining the interest rate margins applicable to the Incremental Term Facility and the Initial Term Loan Facility (x) original issue discount (“OID”) or upfront fees (which shall be
deemed to constitute like amounts of OID) payable by the Borrower to the Lenders under the Initial Term Loan Facility or any Incremental Term Facility in the initial primary syndication thereof shall be included (with OID being equated to interest
based on assumed four-year life to maturity), (y) customary arrangement, commitment or similar fees payable to the Lead Arranger (or its affiliates) in connection with the Initial Term Loan Facility or to one or more arrangers (or their affiliates)
of any Incremental Term Facility shall be excluded and (z) if the Incremental Term Facilities include an interest rate floor greater than the interest rate floor applicable to the Initial Term Loan Facility, such increased amount shall be
equated to interest margin for purposes of determining whether an increase to the applicable interest margin under the Initial Term Loan Facility shall be required, to the extent an increase in the interest rate floor in the Initial Term Loan
Facility would cause an increase in the interest rate then in effect thereunder, and in such case the interest rate floor (but not the interest rate margin) applicable to the Initial Term Loan Facility shall be increased by such increased amount
(this clause (a), the “MFN Provision”);
  

(b)   the final stated maturity date for such Incremental Term Loans may be the same as or later
(but not sooner) than the final stated maturity date applicable to the then-outstanding Loans; provided, that this clause (b) shall not apply to any Incremental Term Loans in an aggregate principal amount (taken together with amounts
incurred pursuant to clause (b) in the first proviso in the section entitled “Refinancing Term Facilities” and the second proviso in clause (c) below) not to exceed $50.0 million;

 
 (c)   the amortization
requirements for such Incremental Term Loans may differ from those of the then outstanding Loans, provided the average weighted life to maturity of such Incremental Term Loans is no shorter than the then remaining average weighted life to
maturity applicable to the then outstanding Loans; provided, that this clause (c) shall not apply to any Incremental Term Loans in an aggregate principal amount (taken together with amounts incurred pursuant to clause (b) in the
first proviso in the section entitled “Refinancing Term Facilities” and the proviso in clause (b) above) not to exceed $50.0 million.



  
 B-4 









			
		  	 (d)   any Incremental Term Facility may provide for the ability to participate
on a pro rata basis or less than a pro rata basis (but not on a greater than pro rata basis) in any voluntary or mandatory prepayments of the Loans under the Term Loan Documentation; and

 
 (e)   other terms may differ if
reasonably satisfactory to the Administrative Agent, the Borrower and lenders providing such Incremental Term Loans; provided that the other terms of any Incremental Term Facility that are not substantially identical to the then-existing
Loans (other than pursuant to clause (ii) of the second proviso of this section above and sub-clauses (a) through (d) above) shall be (taken as a whole) no more favorable (as reasonably determined by
the Borrower) to the relevant lenders under the Incremental Term Facility than those applicable to the then-existing Loans (except for covenants or other provisions (i) reasonably acceptable to the Administrative Agent, (ii) applicable
only to periods after the latest final maturity date of the then-existing Loans existing at the time of incurrence of the Incremental Term Facility or (iii) also provided to the relevant lenders under the then-existing Loans (it being
understood that to the extent that any covenant or other provision is added for the benefit of any Incremental Term Loans, no consent shall be required from the Administrative Agent or any Lenders, to the extent that such covenant or other provision
is also added for the benefit of Lenders under such then-existing Term Loans)).
  
 For
the purposes hereof, (x) “First-Lien Net Leverage Ratio” means, on any date of determination, with respect to the Borrower and its subsidiaries on a consolidated basis, subject to clause (i) of the first proviso of the first
paragraph of this section, the ratio of (a) consolidated secured indebtedness for borrowed money, purchase money debt, unreimbursed drawings under letters of credit, the principal portion of capital lease obligations, and third party
obligations evidenced by notes or similar instruments (but excluding unsecured indebtedness and indebtedness secured only by the Collateral on a junior lien basis to the Term Loan Facilities and which is subject to intercreditor arrangements
reasonably satisfactory to the Administrative Agent) of the Borrower and its subsidiaries on such date (less the unrestricted cash and cash equivalents of the Borrower and its subsidiaries as of such date up to $100.0 million) to
(b) Consolidated EBITDA of the Borrower and its subsidiaries for the four fiscal quarter period most recently ended for which financial statements have been (or were required to have been) delivered and (y) “Total Net Leverage
Ratio” means, on any date of determination, with respect to the Borrower and its subsidiaries on a consolidated basis the ratio of (a) consolidated indebtedness for borrowed money, purchase money debt, unreimbursed drawings under
letters of credit, the principal portion of capital lease obligations, and third party obligations evidenced by notes or similar instruments of the Borrower and its subsidiaries on such date (less the unrestricted cash and cash equivalents of the
Borrower and its subsidiaries as of such date up to $100.0 million) to (b) Consolidated EBITDA of the Borrower and its subsidiaries for the four fiscal quarter period most recently ended for which financial statements have been (or were
required to have been) delivered.



  
 B-5 









			
		  	 Existing Lenders may, but shall not be obligated without their prior written consent to, provide a commitment and/or make any Loans
pursuant to any Incremental Term Facility, and nothing contained herein or in the Commitment Letter constitutes, or shall be deemed to constitute, a commitment with respect to any Incremental Term Facility. The lenders providing any Incremental Term
Facility shall be reasonably satisfactory to the Administrative Agent to the extent required under “Assignments and Participations” below.
  

The proceeds of any Incremental Term Facilities may be used by the Borrower and its subsidiaries for working capital and other general corporate purposes,
including the financing of permitted acquisitions and other investments and any other use not prohibited by the Term Loan Documentation.
  

For the purposes of (i) determining pro forma compliance with any provisions of the Term Loan Documentation which requires the calculation of any ratio,
(ii) determining compliance with representations, warranties, defaults or events of default or (iii) testing availability under baskets set forth in the Term Loan Documentation (including baskets measured as a percentage of Consolidated
EBITDA), in each case, in connection with a permitted acquisition that the Borrower or any of its subsidiaries is contractually committed to consummate and whose consummation is not conditioned on the availability of third party financing (a
“Limited Conditionality Acquisition”), the date of determination thereof shall, at the Borrower’s option (an “LCT Election”), be the date of entering into the binding definitive agreement for such acquisition
(the “LCT Test Date”) and shall be made giving pro forma effect to such acquisition and the other transactions (including the incurrence of indebtedness) to be entered into in connection therewith as if they had occurred at the
beginning of the applicable test period and if the Borrower or its applicable subsidiary could have taken such action on the relevant LCT Test Date in compliance with any representation, warranty, ratio or basket, such representation, warranty,
ratio or basket shall be deemed to have been complied with; provided that following the LCT Test Date and prior to the earlier of (i) the date on which such Limited Conditionality Acquisition is consummated or (ii) the date that the
definitive agreement for such Limited Conditionality Acquisition is terminated or expires without consummation of such Limited Conditionality Acquisition, (x) such indebtedness (and any associated lien) shall be deemed incurred at the time of
such selection and outstanding thereafter for the purposes of pro forma compliance with any applicable ratios and (y) for purposes of any calculation of any ratio with respect to the incurrence of any other debt or liens, or the making of any
other acquisition, investment, restricted payment, junior debt repayment or other transaction subject to ratio compliance, any such ratio shall also be required to be calculated without giving effect to such Limited Conditionality Acquisition.

 
 For the avoidance of doubt, if the Borrower has made an LCT Election and any of the
ratios or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio



  
 B-6 









			
		  	 or basket (including due to fluctuations in pro forma Consolidated EBITDA, including of the target in any Limited Conditionality
Acquisition) at or prior to the consummation of the relevant transaction, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuation.
  

“Consolidated EBITDA” as used herein will be defined in a manner to be mutually agreed but will include, in any event, add-backs for
  

(a)   all non-cash items;

 
 (b)   all extraordinary,
unusual or non-recurring items;
  

(c)   restructuring charges and related charges in connection with any single or one-time events;
  

(d)   any expenses or costs incurred in connection with equity offerings, investments or
indebtedness otherwise permitted under the Term Loan Documentation, whether or not consummated; and
  

(e)   pro forma adjustments, including “run rate” cost savings, operating expense
reductions, and synergies related to the Transaction and other acquisitions, investments, dispositions, operating improvements, restructurings, cost saving initiatives and certain other similar initiatives, in each case, projected by the Borrower in
good faith to result from actions that have either been taken, with respect to which substantial steps have been taken or that are expected to be taken, in each case, within 24 months following the Closing Date or the date of the consummation of the
applicable transaction, as the case may be (net of cost savings and synergies actually achieved).
  

	Guaranties:	  	 Each direct and indirect subsidiary of the Borrower (each, a “Guarantor” and, collectively, the
“Guarantors”) shall be required to provide an unconditional guaranty (collectively, the “Guaranties”) of all amounts owing under the Term Loan Facilities and, to the extent so designated by the Borrower as
“Secured Hedging Agreements”, the obligations of the Borrower under interest rate and/or foreign currency swaps or similar agreements with a Lender or its affiliates or the Administrative Agent or its affiliates (the “Secured
Hedging Agreements”). Such Guaranties shall be guarantees of payment and not of collection. Notwithstanding anything to the contrary contained above, no Excluded Subsidiary (as defined below) shall be required to provide a Guaranty (or
constitute a Guarantor).
  
 As used herein, (x) “Excluded Subsidiary”
means (i) any Excluded Foreign Subsidiary (as defined below), (ii) any “unrestricted subsidiary” (designated as provided below under the section entitled “Unrestricted Subsidiaries”, (iii) any
non-wholly owned subsidiary of the Borrower, (iv) any subsidiary that is prohibited from providing a Guaranty by applicable law, rule or regulation, by any contractual obligation existing on the Closing
Date or existing at the time



  
 B-7 









			
		  	 of acquisition of such subsidiary (and not entered into in contemplation of such acquisition), or by its organizational documents (but
only for so long as such prohibition exists), (v) immaterial subsidiaries (to be defined in a mutually acceptable manner as to individual and aggregate revenues or assets excluded), (vi) not-for-profit subsidiaries and certain special purposes entities, (vii) any subsidiary of the Borrower that is not an “Eligible Contract Participant” (after giving effect to any keepwell) as
defined under the Commodity Exchange Act) but solely with respect to obligations under any Secured Hedging Agreement that constitutes a “swap” within the meaning of section 1(a)(47) of the Commodity Exchange Act, and (viii) any other
subsidiary with respect to which Borrower and the Administrative Agent have reasonably determined that the adverse consequences (including the cost) of providing a guarantee shall be excessive in relation to the benefits to be obtained by the
Lenders therefrom and (y) “Excluded Foreign Subsidiary” means (i) any direct or indirect non-U.S. subsidiary of the Borrower which is a “controlled foreign corporation” (within
the meaning of Section 957 of the Internal Revenue Code) (each, a “CFC”), (ii) any direct or indirect U.S. subsidiary of the Borrower that is treated as a “disregarded entity” for federal income tax purposes the sole
assets of which are equity interests in CFCs (each, a “Pass-Through Foreign Holdco”) or other Pass-Through Foreign Holdcos, and (iii) any subsidiary of a CFC or Pass-Through Foreign Holdco.

 
 Notwithstanding the foregoing, the Borrower may, at its option, cause any subsidiary
that is not otherwise required to become a Guarantor to become a Guarantor with the consent of the Administrative Agent (such consent not to be unreasonably withheld); provided, however, that the Administrative Agent may condition its
consent by limiting the purposes for which such subsidiary shall constitute a Guarantor for purposes of the section entitled “Negative Covenants” and related definitions used therein.


  

			
	 Security:
	  	 Subject to the limitations set forth below and subject to customary and other agreed exceptions, qualifications and thresholds, all
amounts owing under the Term Loan Facilities and (if applicable) the Secured Hedging Agreements (and all obligations under the Guaranties) will be secured by (x) a first priority perfected security interest in all stock, other equity interests
and promissory notes owned by the Borrower and the Guarantors, provided that not more than 65% of the total outstanding voting stock of any Excluded Foreign Subsidiary shall be required to be pledged, and (y) a first priority perfected
security interest in all other tangible and intangible assets (including, without limitation, receivables, inventory, equipment, contract rights, securities, patents, trademarks, other intellectual property, cash, bank and securities deposit
accounts, real estate and leasehold interests) owned by the Borrower and the Guarantors (all of the foregoing, but excluding the Excluded Assets (as defined below), the “Collateral”).

 
 Notwithstanding anything to the contrary, the Collateral shall exclude the following:
(i) any fee-owned real property acquired after the Closing Date with a value of less than an amount to be mutually agreed and immaterial real property leasehold interests; (ii) margin stock and
equity interests of non-wholly owned subsidiaries and joint ventures, to the extent prohibited under the organizational documents of such non-wholly owned subsidiaries
or joint



  
 B-8 









			
		  	 ventures (but only for so long as such prohibition exists); (iii) licenses, instruments, franchises, charters, authorizations and other
agreements to the extent, and so long as, the pledge thereof as Collateral would violate the terms thereof, but only, to the extent, and for so long as, such prohibition is not terminated or rendered unenforceable or otherwise deemed ineffective by
the Uniform Commercial Code (“UCC”), Title 11 of the United States Code (the “Bankruptcy Code”) or any other requirement of law and other than proceeds and receivables thereof, the assignment of which is expressly
deemed effective under the UCC or other applicable law notwithstanding such prohibition or limitation; (iv) motor vehicles and other assets subject to certificate of title to the extent that a security interest therein cannot be perfected by
the filing of a UCC-1 financing statement; (v) other assets to the extent the pledge thereof is prohibited by applicable law, but only to the extent, and for so long as, such prohibition is not terminated
or rendered unenforceable or otherwise deemed ineffective by the UCC, Bankruptcy Code or any other requirement of law and other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other
applicable law notwithstanding such prohibition or limitation; (vi) intent to use trademark or service mark applications; (vii) those assets as to which the Administrative Agent shall determine that the costs of obtaining such security
interest or perfection thereof are excessive in relation to the value of the security to be afforded thereby; (viii) any segregated funds or accounts held or received on behalf of third parties (other than Borrower or any Guarantor), (ix) any
equipment or other asset subject to liens securing permitted acquired debt (limited to the acquired assets), sale and leaseback transactions, capital lease obligations or other purchase money debt, if the contract or other agreement providing for
such debt or capital lease obligation prohibits or requires the consent of any person (other than the Borrower or any Guarantor) as a condition to the creation of any other security interest on such equipment or asset or if the granting of a
security interest in such assets would create a right of termination in favor of any other party thereto, and, in each case, such indebtedness and prohibition or requirement is permitted under the Term Loan Documentation after giving effect to the
applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code notwithstanding such
prohibition, (x) assets to the extent a security interest in such assets would result in material adverse tax consequences to the Borrower or its subsidiaries as reasonably determined by the Borrower in consultation with the Administrative
Agent, (xi) equity interests of unrestricted subsidiaries, not-for-profit entities and certain special purpose entities, (xii) any segregated funds or accounts
held or received on behalf of third parties, and (xiii) such other assets of the Borrower and the Guarantors to be mutually agreed. The foregoing described in the preceding sentence are collectively referred to as the “Excluded
Assets”.
  
 All documentation (collectively referred to herein as the
“Security Agreements”) evidencing the security required pursuant to the immediately preceding paragraph shall be in form and substance reasonably satisfactory to the Administrative Agent, and shall effectively create first priority
security interests in the property purported to be covered thereby, subject to customary and other agreed exceptions and qualifications.



  
 B-9 









			
		  	 In addition, (a) landlord, bailee or warehouseman waivers or collateral access agreements shall not be required, control agreements
shall not be required with respect to any deposit accounts, securities accounts or commodities accounts and no perfection actions other than the filing of UCC financing statements shall be required with respect to motor vehicles and other assets
subject to certificates of title, letter of credit rights, commercial tort claims with a value of less than an amount to be agreed and promissory notes evidencing debt in a principal amount of less than an amount to be agreed, and share certificates
of non-subsidiaries and immaterial subsidiaries and (b) no actions in any jurisdiction other than the United States or required by the laws of any jurisdiction other than the United States shall be
required to be taken to create or perfect any security interests in assets located or titled outside of the United States (it being understood that there shall be no security agreements or pledge agreements governed under the laws of any
jurisdiction other than the United States).
  
 Notwithstanding the foregoing, the
requirements of the preceding paragraphs of this “Security” section shall be, as of the Closing Date, subject to the Funds Certain Provisions.
  

	Voluntary
 Prepayments:
	  	 Voluntary prepayments may be made at any time on three business days’ notice in the case of LIBOR (as defined below) Loans, or one
business day’s notice in the case of Base Rate (as defined below) Loans, without premium or penalty (subject, however, to the Prepayment Premium referred to below), in minimum principal amounts to be mutually agreed; provided that
voluntary prepayments of LIBOR Loans made on a date other than the last day of an interest period applicable thereto shall be subject to customary breakage costs. Voluntary prepayments of Loans shall be applied to each outstanding tranche of Loans,
as directed by the Borrower, and shall apply to reduce future scheduled amortization payments of the Term Loans in direct order of maturity.
  

	Mandatory
 Repayments

and Commitment
 Reductions:
	  	Mandatory repayments of Loans shall be required from (a) 100% of the proceeds (net of taxes and costs and expenses in connection with the sale) from asset sales and other dispositions by the Borrower and its subsidiaries (including
sales or issuances of equity interests of any subsidiary of Borrower and insurance recovery and condemnation events) in excess of an amount to be agreed for each individual asset sale or disposition and an amount to be agreed in the aggregate for
any fiscal year, with step-downs to 50% and 0% based upon the achievement and maintenance of Total Net Leverage Ratios equal to or less than 0.50x and 1.00x inside the Total Net Leverage Ratio as of the Closing Date, respectively, and subject to
customary exceptions and thresholds (with exceptions for, among other things, ordinary course dispositions, dispositions of obsolete or worn-out property, property no longer used or useful in the business and
other exceptions to be mutually agreed), and customary reinvestment rights permitting reinvestment within 12 months plus an additional 180 days if a binding agreement to reinvest has been entered into; provided that the Borrower may elect to
deem expenditures that otherwise would be permissible reinvestments that occur prior to receipt of the


  
 B-10 









			
		  	 proceeds of an asset sale to have been reinvested in accordance with the provisions hereof, so long as such deemed expenditure shall have
been made no earlier than the earlier of the execution of a definitive agreement for such asset sale and six months prior to the consummation of such asset sale, (b) 100% of the net proceeds from issuances or incurrences of debt (excluding any debt
permitted under the Term Loan Documentation, but including any Refinancing Term Facilities or Refinancing Notes (as each such term is defined below)) by the Borrower and its subsidiaries, and (c) 0% (increasing to 25% and 50% based on First-Lien Net
Leverage Ratios of 1.50:1.00 and 2.00:1.00, respectively) of annual Excess Cash Flow (commencing, with the first full fiscal year of the Borrower ended after the Closing Date (to be defined in a manner to be mutually agreed and to include, in any
event, deductions for the amount of any operating cash flow expended to make permitted acquisitions, make permitted investments (other than intercompany investments, investments in cash and cash equivalents and certain other limited exceptions),
make certain distributions and dividends, or make capital expenditures during such fiscal year or anticipated to be expended within the succeeding twelve months following the end of such fiscal year to fund any obligations for which binding
agreements exist prior to the end of such fiscal year)) of the Borrower and its subsidiaries, with any such required repayment amount to be reduced dollar-for-dollar by
the amount of voluntary prepayments of Loans made during the applicable year or after year-end and prior to the time such Excess Cash Flow prepayment is due, except to the extent financed with long-term debt;
provided that prepayments shall only be required under the foregoing clause (c) if, and only to the extent, that after giving effect to the applicable percentage of Excess Cash Flow, the amount of the Excess Cash Flow payment that would
be required is greater than $10.0 million.
  
 All mandatory repayments of Loans
made pursuant to clauses (a) through (c), inclusive, above shall (subject to the immediately succeeding paragraph) be applied pro rata to each outstanding tranche of Loans, and shall apply to reduce future scheduled amortization payments of the
Term Loans in such order as the Borrower may direct.
  
 In addition, after giving
effect to the consummation of the Transaction on the Closing Date, all commitments under the Committed Initial Term Loan Facility (if any) not required to finance the Transaction, Refinancing and any Transaction Costs shall be terminated in their
entirety.
  
 Any Lender (each a “Declining Lender”) may elect not to
accept any mandatory prepayment pursuant to clause (a) or (c) of the first paragraph of this section above. Any prepayment amount declined by a Declining Lender may be retained by the Borrower or may be applied in prepayment of amounts owed to non-Declining Lenders, in the Borrower’s discretion.
  

Mandatory prepayments in clauses (a) and (c) above shall be limited to the extent the upstreaming or transfer of such amounts from a foreign subsidiary to
the Borrower or any other applicable subsidiary would result in material adverse tax consequences until such time as the Borrower or its applicable subsidiary may upstream or transfer such amounts and shall be subject
to



  
 B-11 









			
		  	permissibility under local law of upstreaming proceeds (including financial assistance and corporate benefit restrictions and fiduciary and statutory duties of the relevant directors). The
non-application of any mandatory prepayment amounts as a consequence of the foregoing provisions will not, for the avoidance of doubt, constitute a default or an event of default, and such amounts shall be
available for working capital purposes of the Borrower and its subsidiaries.
		
	 Prepayment Premium:
	  	 The occurrence of any Repricing Transaction (as defined below) with respect to Term Loans, in each case prior to the six-month anniversary of the Closing Date, will require payment of a fee (each, a “Prepayment Premium”) of an amount equal to 1.00% of the principal amount of the Term Loans subject to such
Repricing Transaction.
  
 As used herein, the term “Repricing
Transaction” shall mean, other than in connection with any transaction involving a Change of Control or a Transformative Acquisition (each, to be defined as mutually agreed), (i) any prepayment or repayment of Term Loans with the proceeds
of, or any conversion of Term Loans into, any new or replacement indebtedness bearing interest with an “effective yield” (taking into account, for example, upfront fees, interest rate spreads, interest rate benchmark floors and original
issue discount) less than the “effective yield” applicable to the Term Loans subject to such event (to be calculated in a manner consistent with the MFN Provision) and (ii) any amendment to Term Loan Documentation which reduces the
“effective yield” applicable to the Term Loans (it being understood that any prepayment premium with respect to a Repricing Transaction shall apply to any required assignment by a non-consenting
Lender in connection with any such amendment pursuant to so-called yank-a-bank provisions).

		
	 Refinancing Term

Facilities:
	  	The Borrower shall have the right to refinance and/or replace the Term Loans under the Initial Term Loan Facility (and Incremental Term Loans under any Incremental Term Facility) in whole or in part with (x) one or more new
term facilities (each, a “Refinancing Term Facility”) under the Term Loan Documentation, in each case, with the consent of the Borrower and the institutions providing such Refinancing Term Facility and/or (y) one or more series
of notes or loans, in the case of each of clauses (x) and (y), that will be pari passu or junior in right of payment and be secured by the Collateral on a pari passu or junior basis with the remaining portion of the Term Loan Facilities or be
unsecured (such notes or loans, the “Refinancing Notes”); provided, that (a) any Refinancing Term Facility or issue of Refinancing Notes that is pari passu or junior with respect to the security shall be subject to a
customary intercreditor agreement, the terms of which shall be reasonably satisfactory to the Administrative Agent and the Borrower, (b) in the case of Loans to be refinanced or replaced, no Refinancing Term Facility or Refinancing Notes shall
mature prior to the maturity date of the applicable Loans being refinanced or replaced, or have a shorter weighted average life to maturity than (without giving effect to any amortization or prepayments on the outstanding Loans under the Initial
Term Loan Facility (or any Incremental Term Facility)), or, with respect to Refinancing Notes, have mandatory prepayment provisions (other than related to customary asset sale and change


  
 B-12 









			
		  	of control offers or events of default) that could result in prepayments of such Refinancing Notes prior to, the Loans being refinanced or replaced (it being understood that the Borrower shall be permitted to optionally prepay,
repurchase or redeem any such Refinancing Notes, subject to any separate restrictions under the Term Loan Documentation); provided, that this clause (b) shall not apply to any Refinancing Term Facility or Refinancing Notes in an
aggregate principal amount (taken together with amounts incurred pursuant to clause (iv)(b) or (iv)(c) in the section entitled “Incremental Term Facilities”) not to exceed $50.0 million (c) such Refinancing Term Facility or
Refinancing Notes shall have pricing (including interest, rate floors, discounts, fees and premiums), optional prepayment and redemption terms as may be agreed to by the Borrower and the lenders party thereto, (d) such Refinancing Term Facility
or series of Refinancing Notes shall not be secured by any assets other than the Collateral, (e) such Refinancing Term Facility or Refinancing Notes shall not be guaranteed by any person unless such person also becomes a Guarantor with respect
to the Term Loan Facilities, (f) the other terms and conditions (excluding those referenced in clauses (b) through (e) above) of such Refinancing Term Facility or Refinancing Notes shall either, at the option of the Borrower, (i) not
be, when taken as a whole, materially more restrictive (when taken as a whole) on the Borrower and its subsidiaries (as reasonably determined by the Borrower) than those terms and conditions applicable to the Loans being refinanced or replaced
(except for (x) covenants or other provisions applicable only to periods after the latest final maturity date of the relevant Loans under the Term Loan Documentation existing at the time of such refinancing or replacement and (y) to the
extent that the relevant Loans under the Term Loan Documentation existing at the time of such refinancing or replacement also obtain the benefit of such more restrictive covenants or other provisions (it being understood that in such case no consent
shall be required by the Administrative Agent or any Lender)) or (ii) such terms shall be current market terms for such type of indebtedness, (g) the aggregate principal amount of any Refinancing Term Facility or any Refinancing Notes
shall not exceed the aggregate principal amount of indebtedness being refinanced or replaced therewith, plus interest, premiums, fees and expenses or to the extent otherwise permitted under the Term Loan Documentation and (h) only a Refinancing
Term Facility that is pari passu in right of payment and security with the Initial Term Loan Facility shall share ratably in any voluntary or mandatory prepayments of the Initial Term Loan Facility, unless the Borrower and the lenders in respect of
such Refinancing Term Facility elect lesser payments.
		
	 Documentation:
	  	The Term Loan Documentation will be based on senior secured bank credit facilities precedent documentation to be mutually agreed, as modified to (i) reflect the terms and conditions set forth herein and in the Commitment
Letter (as modified pursuant to the “Market Flex” provisions of the Fee Letter), (ii) take account of differences related to the operational requirements of the Borrower, the Acquired Business and their respective subsidiaries in light of
their size, industries, businesses and business practices (after giving effect to the Transaction), (iii) reflect operational and administrative changes reasonably requested by the Administrative Agent and (iv) include customary contractual
recognition provisions substantially consistent with recommendations provided by the Loan Syndications & Trading Association


  
 B-13 









			
		  	related to Article 55 of the Bank Recovery and Resolution Directive, the definitive terms of which will be negotiated in good faith (collectively, the “Documentation Standard”), in each case, subject to the Funds
Certain Provisions. Notwithstanding the foregoing, the Term Loan Documentation will contain only those conditions to borrowing, mandatory repayments, representations, warranties, covenants and events of default expressly set forth herein and in the
Commitment Letter (as modified pursuant to the “Market Flex” provisions of the Fee Letter) and, subject to the Documentation Standard and limitations as set forth herein, with materiality thresholds, standards, qualifications, exceptions,
“baskets” and grace and cure periods to be mutually agreed and consistent with the Documentation Standard.
		
	 Interest
 Rates:
	  	 At the Borrower’s option, Term Loans may be maintained from time to time as (x) Base Rate loans, which shall bear interest at
the Base Rate in effect from time to time plus the Applicable Margin (as defined below) or (y) LIBOR loans, which shall bear interest at LIBOR for the respective interest period plus the Applicable Margin.

 
 “Applicable Margin” shall mean a percentage per annum equal to
(i) in the case of Term Loans maintained as Base Rate loans, 1.50%, and (ii) in the case of Term Loans maintained as LIBOR loans, 2.50%; provided that so long as no default or event of default under the Term Loan Facility has
occurred and is continuing, the Applicable Margin for Term Loans shall be subject to a single step-down of 25 basis points based on meeting a First-Lien Net Leverage Ratio of 0.50x inside the First-Lien Net Leverage Ratio as of the Closing Date.

 
 “Base Rate” shall mean the highest of (x) the rate that the
Administrative Agent announces from time to time as its prime lending rate, as in effect from time to time, (y) 1/2 of 1.00% in excess of the overnight federal funds rate, and (z) LIBOR for an interest period of one month (determined after
giving effect to any applicable “floor”) plus 1.00%. Notwithstanding anything to the contrary herein, in no event shall the Base Rate be less than zero.
  

Interest periods of 1, 2, 3 and 6 months or, to the extent agreed to by all Lenders with commitments and/or Loans under a given tranche of the Term Loan
Facilities, 12 months, shall be available in the case of LIBOR loans.
  
 Interest in
respect of Base Rate loans shall be payable quarterly in arrears on the last business day of each calendar quarter. Interest in respect of LIBOR loans shall be payable in arrears at the end of the applicable interest period and every three months in
the case of interest periods in excess of three months. Interest will also be payable at the time of repayment of any Loans and at maturity. All interest on Base Rate loans, LIBOR loans and commitment fees and any other fees shall be based on a 360-day year and actual days elapsed (or, in the case of Base Rate loans determined by reference to the prime lending rate, a 365/366-day year and actual days elapsed).

 
 “LIBOR” means the London interbank offered rate for US Dollars as
determined by customary reference to the ICE Benchmark Administration



  
 B-14 









			
		  	London Interbank Offered Rate (or, if LIBOR is not available at such time, a comparable successor interbank rate for deposits in US Dollars that is, at such time, broadly accepted by the syndicated loan market in lieu of LIBOR
or, if no such broadly accepted comparable successor interbank rate exists at such time, a successor index rate as the Administrative Agent may determine in consultation with the Borrower and with the consent of the Required Lenders;
provided, that the consent of any Lender shall be deemed to be given if such Lender fails to object to a request by the Administrative Agent for such consent within five (5) business days after such request), as applicable and as
adjusted for customary Eurodollar reserve requirements, if any; provided that LIBOR shall not be less than 0.00% per annum.
		
	Default Interest:	  	Overdue principal, interest and other overdue amounts shall bear interest at a rate per annum equal to the rate which is 2.00% in excess of the rate then borne by the applicable borrowing (or, if any such amount does not relate to a
borrowing under a specific tranche of the Term Loan Facilities, the rate which is 2.00% in excess of the rate applicable to Term Loans maintained as Base Rate loans). Such interest shall be payable on demand.
		
	Yield Protection:	  	 The Term Loan Facilities shall include customary protective provisions for such matters as capital adequacy, liquidity, increased costs,
reserves, funding losses, illegality and withholding taxes (it being understood that, for purposes of determining increased costs arising in connection with a change in law, the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel
III, and all requests, rules, guidelines or directives promulgated under, or issued in connection with, either of the foregoing shall be deemed to have been introduced or adopted after the date of the Term Loan Documentation, regardless of the date
enacted, adopted or issued).
  
 The Borrower shall have the right to replace any Lender
that charges a material amount in excess of that being charged by the other Lenders with respect to contingencies described in the immediately preceding sentence.

		
	 Agent/
 Lender Fees:
	  	The Administrative Agent, the Lead Arranger and the Lenders shall receive such fees as have been separately agreed upon.
		
	 Conditions
 Precedent:
	  	 A. To Availability of Initial Term Loan Facility on the Closing Date:

 
 Subject in all respects to the Funds Certain Provisions, those
conditions precedent set forth on Exhibit C to the Commitment Letter.
  

B. To All Loans (other than Loans Made on the Closing Date):

 
 (i) All representations and warranties
shall be true and correct in all material respects (or, in all respects, if qualified by materiality) on and as of the date of each borrowing of a Loan (although any representations and warranties which expressly relate to a given date or period
shall be required to be true and correct in all material respects (or, in all respects, if qualified by materiality) as of the respective date or for the respective period, as the case may be), before and after giving effect to such borrowing and to
the application



  
 B-15 









			
		  	 of the proceeds therefrom, as though made on and as of such date; provided that with respect to any Incremental
Term Facility the proceeds of which are used to finance a Limited Conditionality Acquisition, the limitations described above under clause (ii) of the second proviso of the first paragraph under the heading “Incremental Term
Facilities” shall apply.
  

(ii)  No event of default under the Term Loan Facilities or event which with the giving of notice or lapse
of time or both would be an event of default under the Term Loan Facilities, shall have occurred and be continuing, or would result from any borrowing of a Loan; provided that with respect to any Incremental Term Facility the proceeds of
which are used to finance a Limited Conditionality Acquisition, no default or event of default shall have occurred and be continuing at the time of, or after giving effect to, entry into the applicable acquisition agreement.

 

	 Representations
 and
Warranties:
	  	 Representations and warranties (applicable to the Borrower and its subsidiaries) will be limited to the following, in each case (where
appropriate) with customary and other agreed materiality thresholds, exceptions and qualifications: (i) corporate status and good standing, to the extent applicable, (ii) corporate power and authority, (iii) due authorization,
execution and delivery and enforceability, (iv) no violation or conflicts with laws, material debt contracts or charter documents, (v) governmental and third-party approvals, (vi) financial statements, undisclosed liabilities and
projections, (vii) absence of a Material Adverse Effect (to be defined in the Term Loan Documentation), (viii) solvency, (ix) absence of material litigation, (x) true and complete disclosure, (xi) use of proceeds and compliance
with margin regulations, (xii) tax returns and payments, (xiii) compliance with ERISA, environmental law, general statutes, etc., (xiv) ownership of property, (xv) creation, validity, perfection and priority of security interests
under Security Agreements, (xvi) inapplicability of Investment Company Act, (xvii) employment and labor relations, (xviii) intellectual property, franchises, licenses, permits, etc., (xix) maintenance of insurance, (xx) Patriot
Act/“know your customer” laws, (xxi) OFAC/sanctions/anti-terrorism laws, (xxii) Foreign Corrupt Practices Act and other anti-corruption laws, (xxiii) anti-money laundering laws, and (xxiv) accuracy of the Merger
Agreement Representations.
  
 Notwithstanding anything to the contrary contained
herein, the truth and accuracy of the representations and warranties (other than Merger Agreement Representations and Specified Representations) shall not constitute a condition precedent to the extension of credit on the Closing Date.

 

	Covenants:	  	 Affirmative and negative covenants (applicable to the Borrower and its subsidiaries) will be limited to the following, in each case (where
appropriate) subject to the Documentation Standard and with customary and other agreed materiality thresholds, exceptions and qualifications:
  

(a) Affirmative Covenants – (i) Compliance with laws and regulations (including, without limitation, ERISA and environmental laws); (ii)
payment



  
 B-16 









			
		 	 of taxes and other obligations; (iii) maintenance of insurance; (iv) preservation of corporate existence, rights (charter and
statutory) and approvals; (v) visitation and inspection rights with respect to books and property; (vi) keeping of proper books in accordance with generally accepted accounting principles; (vii) maintenance of properties;
(viii) further assurances as to perfection and priority of security interests and additional guarantors; (ix) notice of defaults, material litigation and certain other material events; (x) financial and other reporting requirements
(including, without limitation, unaudited quarterly and audited annual financial statements for the Borrower and its subsidiaries on a consolidated basis (in accordance with U.S. GAAP, except with respect to unaudited financials for the absence of
footnotes and subject to year-end adjustments), in each case with accompanying management discussion and analysis and, in the case of audited annual financial statements, accompanied by an opinion of a
nationally recognized accounting firm (which opinion shall not be subject to any qualification as to “going concern” or scope of the audit other than solely with respect to, or resulting solely from an upcoming maturity date under any Term
Loan Facility), and projections prepared by management of the Borrower and provided on an annual basis, , and quarterly informational calls with Lenders); (xi) use of proceeds; (xii) ERISA covenants; (xiii) use of commercially reasonable
efforts to maintain a public corporate credit rating from S&P and a public corporate family rating from Moody’s, in each case with respect to the Borrower, and a public rating of the Term Loan Facilities by each of S&P and Moody’s;
provided that no specific rating shall be required; (xiv) OFAC/sanctions/anti-terrorism laws; (xv) Foreign Corrupt Practices Act and other anti-corruption laws; (xvi) anti-money laundering laws; and (xvii) designation of
subsidiaries as “unrestricted subsidiaries” or “restricted subsidiaries”.
  

(b) Negative Covenants – Restrictions on (i) liens; (ii) debt (including “disqualified preferred stock” and guaranties and other
contingent obligations, with exceptions to permit, among other things, (x) debt secured on a pari passu basis with the Initial Term Loan Facility incurred in lieu of, and subject to the applicable terms and conditions of, the Incremental Term
Facilities (“Incremental Equivalent Debt”), provided that the MFN Provision shall only apply to Incremental Equivalent Debt in the form of term loans secured on a pari passu basis with the Initial Term Loan Facility and
(y) additional junior lien debt or unsecured debt, in such amount, subject to giving pro forma effect thereto (including use of proceeds), as could be incurred without causing the pro forma Total Net Leverage Ratio to exceed (A) 4.50:1.00 or
(B) if such junior lien or unsecured debt is incurred in connection to finance a Permitted Acquisition, the Total Net Leverage Ratio as in effect immediately before consummation of such Permitted Acquisition, in each case, with other customary
restrictions of the type applicable to Incremental Equivalent Debt (e.g. tenor, weighted average life to maturity, identical Guarantors and, in the case of secured debt, identical Collateral and intercreditor arrangements satisfactory to the
Administrative Agent)); (iii) mergers, consolidations and other fundamental changes; (iv) sales, transfers and other dispositions of property and assets (including sale-leaseback transactions but with exceptions to include, among other things,
(x) sales of inventory in the ordinary course of business and (y) sales of obsolete or worn out assets); (v) loans, acquisitions,



  
 B-17 









			
		  	joint ventures and other investments; provided that (x) the Borrower and the Guarantors shall be permitted to effect Permitted Acquisitions, subject to the absence of any default or event of default under the Term
Loan Facilities at the time of the execution of the purchase agreement governing such Permitted Acquisition, line-of-business restrictions, provision of Guaranties and
Security Agreements and aggregate consideration limitations with respect to entities/assets that do not become Guarantors/Collateral and (y) the Borrower and its subsidiaries may make unlimited investments, subject to the absence of any event
of default and pro forma compliance with a Total Net Leverage Ratio not to exceed 2.50:1.00; (vi) dividends and other distributions to, and redemptions and repurchases from, equity holders; provided that the Borrower and its subsidiaries may
make unlimited dividends, distributions, and other equity redemptions, subject to (i) the absence of any event of default, (ii) pro forma compliance with a Total Net Leverage Ratio not to exceed 2.00:1.00 and (iii) an Available Amount
Basket not less than $0; (vii) prepaying, redeeming or repurchasing junior lien, unsecured and subordinated debt (including the conversion of the Borrower’s existing 0.25% Convertible Senior Notes due 2024 (the “Existing Convertible
Notes”) and cash settlement payments owing in connection therewith); provided that the Borrower and its subsidiaries may (a) make any redemptions, repurchases, conversions or cash settlement payments with respect to the Existing
Convertible Notes at such times, in such amounts, for such consideration (including cash, common stock of Borrower, or a combination of both), and on such other terms as are, in each case permitted by the indenture governing such Existing
Convertible Notes, so long as (i) no event of default under the Term Loan Facilities has occurred or is continuing, (ii) after giving effect to such redemption, repurchase, conversion or cash settlement payment, the Borrower and its
subsidiaries have unrestricted cash and cash equivalents on hand of not less than $50.0 million and (iii) the amount of such redemption, repurchase, conversion or cash settlement payment is otherwise permitted to be made pursuant to (and
is deemed charged as a utilization of) the Leverage-Based Restricted Debt Payment Basket and/or the Available Amount Basket referred to below (the “Combined RDP Basket”) or, if such amount exceeds the availability under the Combined
RDP Basket, the amount of such excess (such excess, the “Shortfall Amount”) reduces the Available Amount Basket on a dollar-for-dollar basis (such that
the Available Amount Basket may be a negative amount); provided, however, that, notwithstanding the foregoing, the Borrower shall in any event be permitted to redeem, repurchase, convert or settle the Existing Convertible Notes with
common stock of the Borrower as the sole consideration therefor and make cash payments in connection therewith to purchase fractional shares resulting therefrom, and (b) make unlimited prepayments, redemptions, repurchases of junior lien,
unsecured and subordinated debt (including cash settlement payments in connection with the Existing Convertible Notes), subject to (i) the absence of any event of default, (ii) pro forma compliance with a Total Net Leverage Ratio not to
exceed 2.00:1.00 and (iii) the Available Amount Basket being not less than $0 (this clause (b), the “Leverage-Based Restricted Debt Payment Basket”); (viii) transactions with affiliates; (ix) negative pledges and
restrictions on distributions, advances and asset transfers by subsidiaries; (x) changes in the nature of business; (xi) amending organizational documents or junior debt documents; and (xii) changes in fiscal quarters and fiscal
years.


  
 B-18 









			
		  	 Among other customary and other agreed thresholds, exceptions and qualifications, the negative covenants will be subject to
“baskets” to be set forth in the Term Loan Documentation, including an available basket amount (the “Available Amount Basket”) that will be based on (a) a “starter” basket equal to the greater of (i)
$75.0 million and (ii) 15% of Consolidated EBITDA for the most recently ended period of four consecutive fiscal quarters plus (b) the amount of Retained Excess Cash Flow (to be defined as mutually agreed) plus (c) certain other
customary and agreed amounts (including, without limitation, net cash proceeds from “qualified” equity issuances of the Borrower, dispositions of investments made using the Available Amount Basket proceeds, the amount of retained asset
sale proceeds, from mandatory prepayments declined by Declining Lenders, and the amount of any debt or disqualified stock converted into or exchanged for qualified equity of the Borrower) minus (d) the Shortfall Amount. The Available Amount
Basket may be used for, among other things, dividends, distributions, investments, acquisitions and repayments of junior lien, unsecured or subordinated debt, subject to the absence of a default or any event of default and pro forma compliance with
a Total Net Leverage Ratio not in excess of 4.00:1.00.
  
 The Borrower or any
restricted subsidiary will be permitted to make acquisitions of persons that become restricted subsidiaries or of assets (including assets constituting a business unit, line of business or division) or capital stock (each, a “Permitted
Acquisition”), along with intercompany investments necessary to consummate such Permitted Acquisition, subject solely to the following terms and conditions: (a) before and after giving effect thereto, no payment or bankruptcy event of
default has occurred and is continuing, (b) after giving effect thereto, the Borrower is in compliance with the permitted lines of business covenant, (c) solely to the extent required by, and subject to the limitations set forth in
“Guarantees” and “Security” above, the acquired company and its subsidiaries will become Guarantors and pledge their Collateral to the Administrative Agents and (d) acquisitions by the Borrower or Guarantors of persons
and/or assets that do not become Guarantors or Collateral, as applicable, shall be subject to a cap to be agreed.
  

(c)   Financial Covenant – None.

 

	Unrestricted Subsidiaries:	  	The Term Loan Documentation will contain provisions pursuant to which, subject to no default or event of default, limitations on investments, pro forma compliance with a Total Net Leverage Ratio to be mutually agreed and other
conditions to be mutually agreed, the Borrower will be permitted to designate any existing or subsequently acquired or organized subsidiary as an “unrestricted subsidiary” and subsequently
re-designate any such unrestricted subsidiary as a restricted subsidiary; provided that (i) any subsidiary previously designated as an unrestricted subsidiary may not thereafter be re-designated as an unrestricted subsidiary, and (ii) no subsidiary may be designated as an unrestricted subsidiary, unless it is also an “unrestricted subsidiary” for purposes of other material debt.
The designation of any subsidiary as an “unrestricted” subsidiary shall constitute an investment for purposes of the investment covenant in the Term Loan Documentation in an


  
 B-19 









			
		  	 amount equal to the fair market value thereof, and the designation of any unrestricted subsidiary as a restricted subsidiary shall be
deemed to be an incurrence of indebtedness and liens by a restricted subsidiary of any outstanding indebtedness or liens, as applicable, of such unrestricted subsidiary for purposes of the Term Loan Documentation. With limited exceptions to be
mutually agreed, unrestricted subsidiaries will not be subject to the mandatory repayment provisions, the representations and warranties, affirmative or negative covenants or events of default provisions of the Term Loan Documentation, and the cash
held by, the results of operations, indebtedness and interest expense of unrestricted subsidiaries will not be taken into account for purposes of determining compliance with financial tests contained in such Term Loan Documentation; provided,
however, that notwithstanding the foregoing, unrestricted subsidiaries will be subject to representations and warranties, covenants and event of default provisions of the Term Loan Documentation solely with respect to matters related to FCPA,
OFAC and other sanctions, anti-terrorism, anti-corruption and anti-money laundering laws.
  

	Events of Default:	  	 Events of Default (to be applicable to the Borrower and its subsidiaries) will be limited to the following, in each case (where
applicable), with materiality thresholds, exceptions and qualifications to be mutually agreed: (i) nonpayment of principal when due or interest, fees or other amounts after a grace period to be mutually agreed; (ii) failure to perform or
observe covenants set forth in the Term Loan Documentation, subject (where customary and appropriate) to notice and an appropriate grace period to be mutually agreed; (iii) any representation or warranty proving to have been incorrect in any
material respect (or, in any respect, if qualified by materiality) when made or confirmed; (iv) cross-defaults and cross-acceleration to other indebtedness in excess of an amount to be mutually agreed (after giving effect to all applicable
notice and cure periods); (v) bankruptcy, insolvency proceedings, etc. (with a grace period for involuntary proceedings to be mutually agreed); (vi) admission of inability to pay debts, attachment, etc.; (vii) judgment defaults in excess of an
amount to be mutually agreed (subject to customary exceptions for judgments covered by acceptable insurance and/or third party indemnities); (viii) customary ERISA defaults; (ix) actual or asserted invalidity of the Term Loan Documentation or
subordination provisions or impairment of security interests in the Collateral; and (x) Change of Control.
  

	 Assignments and

Participations:
	  	Neither the Borrower nor any Guarantor may assign its rights or obligations under the Term Loan Facilities. Any Lender may assign, and may sell participations in, its rights and obligations under the Term Loan Facilities, subject
(x) in the case of participations, to customary restrictions on the voting rights of the participants and restrictions on participations to the Borrower and its affiliates and (y) in the case of assignments, to such limitations as may be
established by the Administrative Agent (including (i) a minimum assignment amount to be established by the Administrative Agent (or, if less, the entire amount of such assignor’s commitments and outstanding Loans at such time), (ii) an
assignment fee in the amount of $3,500 to be paid by the respective assignor or assignee to the Administrative Agent, (iii) restrictions on assignments to any entity that is not an Eligible Transferee (to be defined to


  
 B-20 









			
		  	 exclude Disqualified Institutions (to the extent the identity of such Disqualified Institution has been made available by the Borrower to
the Administrative Agent (who may share the same with all Lenders)), natural persons and, except in connection with a Permitted Buy-Back (as defined below), the Borrower and its affiliates) and
(iv) except in the case of an assignment to any Lender, its affiliates or an “approved fund” of a Lender, the receipt of the consent of the Administrative Agent and, after Successful Syndication and so long as no default or event of
default exists under the Term Loan Facilities, the Borrower (such consent, in any such case, not to be unreasonably withheld, delayed or conditioned), provided that such consent of the Borrower shall be deemed to have been given if the
Borrower has not responded within five business days of a request for such consents). The Term Loan Facilities shall provide for a mechanism which will allow for each assignee to become a direct signatory to the Term Loan Facilities and will relieve
the assigning Lender of its obligations with respect to the assigned portion of its commitment and/or Loans, as applicable. Assignments will be by novation and will not be required to be pro rata among the Term Loan Facilities. In no
event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to whether any person is a Disqualified Institution, and the Administrative Agent shall not have any liability (or duties) with respect to or arising out of any
assignment or participation of Loans to, or the restrictions on any exercise of any rights or remedies of, any Disqualified Institution.
  

The Term Loan Documentation shall also provide that Loans may be purchased by, and assigned to, the Borrower on a
non-pro rata basis through Dutch auctions open to all Lenders with Loans on a pro rata basis and/or open market purchases, in each case in accordance with procedures to be agreed; provided that
(i) no default or event of default then exists under the Term Loan Facilities or would result therefrom, (ii) any such purchase is made at a discount to par, (iii) the Borrower shall make a representation that it is not in possession
of any material non-public information, (iv) any such Loans shall be automatically and permanently cancelled immediately upon purchase by the Borrower and (v) the Borrower complies with certain other
conditions as may be required by the Administrative Agent (any such purchase and assignment, a “Permitted Buy-Back”).

 

	 Waivers
 and Amendments:
	  	Amendments and waivers of the provisions of the Term Loan Documentation will require the approval of Lenders holding commitments and/or outstandings (as appropriate) representing more than 50% of the aggregate commitments and
outstandings under the Term Loan Facilities (the “Required Lenders”), except that (a) the consent of each Lender directly affected thereby will be required with respect to (i) increases in commitment amounts of such
Lender, (ii) reductions of principal, interest or fees of such Lender (other than the waiver of default interest), (iii) extensions of scheduled payments of any Loans (including at final maturity) or times for payment of interest or fees of
such Lender, (iv) amendments to the collateral proceeds waterfall and (v) modifications to the pro rata sharing and payment provisions, assignment provisions or the voting percentages, (b) the consent of all of the
Lenders shall be required with respect to releases of all or substantially all of (i) the Collateral or (ii) the value of the Guaranties provided by the Guarantors, in


  
 B-21 









			
		  	 each case, taken as a whole, (c) the consent of the Administrative Agent shall be required with respect to any amendment that
adversely affects its rights and duties in such capacity and (d) class voting rights for Lenders under each affected tranche of the Term Loan Facilities shall be required for certain types of amendments and waivers; provided that if any
of the matters described in clause (a) or (b) above is agreed to by the Required Lenders, the Borrower shall have the right to either (x) substitute any non-consenting Lender by having its Loans and
commitments assigned, at par, to one or more other institutions, subject to the assignment provisions described above or (y) with the express written consent of the Required Lenders, terminate the commitment of, and repay the obligations owing
to, any non-consenting Lender, subject to repayment in full of all obligations of the Borrower owed to such Lender relating to the Loans and participations held by such Lender (including any Prepayment
Premium).
  
 In addition, the Term Loan Documentation shall provide for the amendment
(or amendment and restatement) of the Term Loan Documentation to provide for a new tranche of replacement term loans to replace all or a portion of the Loans of a given tranche under the Term Loan Documentation, subject to customary limitations
(including as to tenor, weighted average life to maturity, “effective yield” not exceeding that applicable to the tranche of Loans so replaced, prepayment ratability provisions and applicable covenants prior to the Term Loan Maturity
Date), with the consent of the Administrative Agent, the Borrower and the lenders providing such replacement term loans.
  

The Term Loan Documentation will contain customary “amend and extend” provisions pursuant to which the Borrower, with the approval of consenting
Lenders, may extend the maturity of Loans of such consenting Lenders and, in connection therewith, amend the interest rates, yield, fees, amortization (so long as the weighted average life to maturity is not shortened) and prepayment provisions
applicable to such extended Loans; provided that the application of mandatory prepayments shall not be on a greater than pro rata basis with any non-extending Loans.

 

	Indemnification;
 Expenses:
	  	The Term Loan Documentation will contain customary indemnities for a credit facility of this size and type for the Administrative Agent, the Lead Arranger, the Lenders and their respective affiliates’ employees, officers and
agents (including, without limitation, for all reasonable and documented out-of-pocket costs and expenses of the Lenders incurred after the occurrence, and during the
continuance of, an event of default under the Term Loan Facilities), in each case other than any losses, claims, damages, liabilities or related expenses (i) to the extent they are found in a final,
non-appealable judgment of a court of competent jurisdiction to have resulted from the willful misconduct, bad faith or gross negligence of such indemnified person (or any such indemnified person’s
related persons), (ii) arising out of a material breach by such indemnified person (or any of such indemnified person’s related persons) of its respective obligations under the Term Loan Documentation (as determined by a court of competent
jurisdiction in a final and non-appealable judgment), or (iii) arising out of any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of the
Borrower or any of the Borrower’s subsidiaries and that is


  
 B-22 









			
	 	  	 brought by an indemnified person against any other Indemnified Person (other than any claim,
actions, suits, inquiries, litigation,
investigation or proceeding against any Agent in its
capacity or in fulfilling its role as an administrative agent or Lead Arranger under the Term
Loan Facilities); provided that the Borrower shall not be responsible for the fees and
expenses
of more than one primary counsel for the Administrative Agent, one local counsel for each
relevant jurisdiction, one other counsel for all other Lenders and their respective affiliates,
employees, officers and agents and, in each
case, if reasonably necessary or advisable in the
judgment of the affected person in the case of an actual or perceived conflict of interest, an
additional primary counsel and one additional local counsel in each such
applicable
jurisdiction (in any case excluding costs of in-house counsel).
  

The Term Loan Documentation will require the Borrower to pay all reasonable and
documented
out-of-pocket expenses of the Administrative Agent, the Lead Arranger and the
Lenders incurred in connection with the syndication of the Initial Term Loan Facility
and the
preparation, execution, delivery and administration of the Term Loan Documentation and any
amendment or waiver with respect to the Term Loan Facilities and in connection with the
enforcement of the Term Loan Documentation (subject
to customary limitations).
  

	Governing Law and Forum:	  	 All Term Loan Documentation shall be governed by the laws of the State of New York (except security documentation that the Administrative
Agent determines should be governed by local or state law). The Borrower and the Guarantors will submit to the exclusive jurisdiction and venue of any New York State court or Federal court sitting in the County of New York, Borough of Manhattan, and
appellate courts thereof (except to the extent the Administrative Agent requires submission to any other jurisdiction in connection with the exercise of any rights under any security document or the enforcement of any judgment).

 

	Counsel to Administrative Agent
and Lead Arranger:	  	White & Case LLP.


  
 B-23 








 Exhibit C 

Project Prota 
 Term Loan
Facilities 
 Summary of Additional Conditions Precedent 

Capitalized terms used in this Exhibit C but not defined herein shall have the meanings set forth in the commitment
letter to which this Exhibit C is attached (the “Commitment Letter”) and in the other Exhibits to the Commitment Letter. In the case of any such capitalized term that is subject to multiple and differing
definitions, the appropriate meaning thereof in this Exhibit C shall be determined by reference to the context in which it is used. 

Subject in all respects to the Funds Certain Provisions, the initial borrowing under the Initial Term Loan Facility shall be subject solely to
the satisfaction or waiver of the following conditions precedent: 
 1. The Borrower and each of the Guarantors shall have executed and
delivered the Term Loan Documentation, which shall be consistent with the terms of the Commitment Letter and the Term Sheet and this Summary of Additional Conditions, in each case prepared by counsel to the Agents, and otherwise reasonably
satisfactory to the Agents. 
 2. The definitive merger agreement relating to the Acquisition (including, but not limited to, all schedules
and exhibits thereto) (collectively, the “Merger Agreement”) shall be in full force and effect. Concurrently with the initial funding under the Committed Initial Term Loan Facility, the Acquisition shall have been consummated in
accordance with the terms and conditions of the Merger Agreement and applicable law, and the Merger Agreement shall not have been altered, amended or otherwise changed or supplemented or any provision or condition therein waived, and neither the
Borrower nor any affiliate thereof shall have consented to any action which would require the consent of the Borrower or such affiliate under the Merger Agreement, if such alteration, amendment, change, supplement, waiver or consent would be adverse
to the interests of the Lenders in any material respect, in any such case without the prior written consent of the Agents (it being understood and agreed that any alteration, change, supplement, amendment, modification, waiver or consent
(a) that decreases the purchase price in respect of the Acquisition shall not be deemed to be adverse to the interests of the Lenders in any material respect, so long as any such decrease in excess of 10% of the purchase price is allocated on a
dollar-for-dollar basis to reduce the aggregate principal amount of the Committed Initial Term Loan Facility, (b) that results in any increase in the purchase price
in respect of the Acquisition shall not be deemed to be adverse to the interests of the Lenders in any material respect, so long as such increase is funded solely by an issuance of common equity interests of the Borrower, the incurrence of the
Additional Uncommitted Term Loans and/or cash on the balance sheet of the Acquired Business or the Borrower and (c) that includes any adverse modifications to the definition of Company Material Adverse Effect (as defined in the Merger Agreement
as in effect on the date hereof) shall be deemed to be adverse to the interests of the Lenders in a material respect). 
 3. Since the date
of the Merger Agreement, no Company Material Adverse Effect (as defined in the Merger Agreement as in effect on the date hereof) shall have occurred and be continuing. 

4. All obligations of the Acquired Business with respect to the indebtedness being refinanced pursuant to the Refinancing shall have been paid
in full, and all commitments, security interests and guaranties in connection therewith shall have been terminated and released. After giving effect to the consummation of the Transaction and the Refinancing, the Borrower and its subsidiaries shall
have no outstanding indebtedness, except for indebtedness (i) incurred pursuant to the Initial Term Loan Facility, (ii) indebtedness of the Acquired Business (x) existing on the date of the Merger Agreement or (y) expressly
permitted to be incurred by the Acquired Business after such date and, in the case of (x) any 

  
 C-1 








 
(y), not required to be repaid in full on the Closing Date under the Merger Agreement (as in effect on the date hereof) and (iii) such other existing indebtedness, if any, of the Acquired
Business as shall be permitted by the Lead Arranger (debt under clauses (i), (ii), and (iii), the “Permitted Surviving Indebtedness”). 

5. Subject in all respects to the Funds Certain Provisions, the Guaranties and Security Agreements required by the Term Sheet shall have been
executed and delivered, and the Lenders shall have a first priority perfected security interest in all assets of the Borrower and the Guarantors as, and to the extent, required by Term Sheet. 

6. The Lenders shall have received (1) customary legal opinions from counsel (including, without limitation, New York counsel) in form,
scope and substance reasonably acceptable to the Agents, (2) a solvency certificate as to the solvency of the Borrower and its subsidiaries on a consolidated basis after giving effect to the Transaction, in the form attached as Annex A
to this Exhibit C, from the chief financial officer (or other officer with reasonable equivalent duties) of the Borrower, (3) customary corporate (or other organizational) resolutions from the Borrower and the Guarantors, customary
secretary’s certificates from the Borrower and the Guarantors appending such resolutions and charter documents and (4) a customary borrowing notice (provided that such notice shall not include any representation or statement as to the
absence (or existence) of any default or event of default). 
 7. The Agents shall have received (1) audited consolidated balance
sheets and related statements of income and cash flows of each of the Borrower and the Acquired Business for the three fiscal years of the Borrower or the Acquired Business, as applicable, ended at least 90 days prior to the Closing Date,
(2) unaudited consolidated balance sheets and related statements of income and cash flows of the Borrower and the Acquired Business for each fiscal quarter of the Borrower or the Acquired Business, as applicable, ended after the close of its
most recent fiscal year and at least 45 days prior to the Closing Date, and (3) pro forma consolidated balance sheet of the Borrower and its subsidiaries (including the Acquired Business) and a pro forma consolidated statement of
income of the Borrower and its subsidiaries as of and for the twelve-month period ending on the last day of the most recently completed four fiscal quarter period ended at least 45 days before the Closing Date, prepared after giving effect to the
Transaction as if the Transaction had occurred at the beginning of such period, which need not be prepared in compliance with Regulation S-X of the Securities Act of 1933, as amended, or include adjustments
for purchase accounting (collectively, the “Required Information”); provided, that it is understood and agreed that the Lead Arranger has previously received (i) audited consolidated balance sheets and related statements
of income and cash flows of the Borrower for each of the fiscal years of Borrower ended July 1, 2017, July 2, 2016, and June 27, 2015, (ii) audited consolidated balance sheets and related statements of income and cash flows of the
Acquired Business for each of the fiscal years of the Acquired Business ended July 1, 2017, July 2, 2016, and June 27, 2015, (iii) unaudited consolidated balance sheets and related statements of income and cash flows of the Borrower
for each of the fiscal quarters of Borrower ended December 30, 2017 and September 30, 2017, and (iv) unaudited consolidated balance sheets and related statements of income and cash flows of the Acquired Business for each of the fiscal
quarters of the Acquired Business ended December 30, 2017 and September 30, 2017. 
 8. All reasonable and documented costs, fees,
expenses (including, without limitation, legal fees and expenses) and other compensation, in each case, contemplated hereby and payable to each Agent and the Lenders shall have been paid to the extent (a) due and owing on the Closing Date
pursuant to the Commitment Letter or the Fee Letter and (b) with respect to expenses, invoiced to the Borrower at least three (3) business days prior to the Closing Date. 

9. So long as requested at least ten days prior to the Closing Date, the Agents shall have received at least three business days prior to the
Closing Date all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act. 

  
 C-2 








 10. The Borrower shall have (a) delivered (or caused to be delivered) to the Lead Arranger
such information required (and reasonably requested by the Lead Arranger) to prepare a customary confidential information memorandum to be used for the syndication of the Committed Initial Term Loan Facility (excluding (x) any information
customarily delivered by an investment bank or financing arrangers and (y) any financial information other than the Required Information) and (b) provided the Lead Arranger prior to the Closing Date a period (the “Marketing
Period”) of not less than fifteen (15) consecutive business days after the date (the “S-4 Effective Date”) that the Form S-4 (as defined
in the Merger Agreement (as in effect on the date hereof)) shall have been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) (and no stop order suspending the effectiveness of thereof shall be in effect
and no proceedings for such purpose shall be pending before or threatened by the SEC) to attempt to syndicate the Committed Initial Term Loan Facility; provided, however, that if, on July 10, 2018, the Lead Arranger and the
Borrower determine in good faith that the S-4 Effective Date could occur between August 1, 2018 and August 15, 2018, then the Marketing Period shall instead commence on July 16, 2018. In
addition, the shareholder vote of the Target to approve the Acquisition shall not have occurred sooner than 30 days after the S-4 Effective Date. If Borrower in good faith reasonably believes it has delivered
the information required by clause (a) of this paragraph 10, it may deliver to the Lead Arranger a written notice to that effect, in which case the Borrower shall be deemed to have complied with its obligation to furnish such information on the
date such notice is received by the Lead Arranger, unless the Lead Arranger in good faith reasonably believes that the Borrower has not completed delivery of such information and, within two business days after the receipt of such notice from the
Borrower, the Lead Arranger delivers a written notice to the Borrower to that effect (stating with reasonable specificity what information has not been delivered); provided that, notwithstanding the foregoing, the requirement set forth in
clause (a) of this paragraph 10 shall be satisfied at any time at which (and so long as) the Lead Arranger shall have actually received such information, regardless of whether or when any such notice is delivered to the Borrower. 

11. The Merger Agreement Representations shall be true and correct (subject, in each case, to any materiality set forth in Article III of
the Merger Agreement) as of the Closing Date (or true and correct as of a specified date, if earlier) and the Specified Representations shall be true and correct in all material respects as of the Closing Date (or if qualified by materiality, true
and correct in all respects). 

  
 C-3 








 Annex A to Exhibit C 

FORM OF SOLVENCY CERTIFICATE 

[●],              

This Solvency Certificate is being executed and delivered pursuant to Section [●] of that
certain [●]1 (the “Credit Agreement”); the terms defined therein being used herein as therein defined. 

I, [●], the [chief financial officer/equivalent officer] of the Borrower, solely in such capacity and not in an individual capacity,
hereby certify that I am the [chief financial officer/equivalent officer] of the Borrower and that I am generally familiar with the businesses and assets of the Borrower and its subsidiaries (taken as a whole), and I am duly authorized to execute
this Solvency Certificate on behalf of the Borrower pursuant to the Credit Agreement. 
 I further certify, solely in my capacity as chief
financial officer of the Borrower, and not in my individual capacity, as of the date hereof and after giving effect to the Transaction and the incurrence of the indebtedness and obligations being incurred in connection with the Credit Agreement and
the Transaction on the date hereof, that, (i) the sum of the debt (including contingent liabilities) of the Borrower and its subsidiaries, taken as a whole, does not exceed the fair value of the present assets of the Borrower and its
subsidiaries, taken as a whole; (ii) the present fair saleable value of the assets of the Borrower and its subsidiaries, taken as a whole, is not less than the amount that will be required to pay the probable liabilities (including contingent
liabilities) of the Borrower and its subsidiaries, taken as a whole, on their debts as they become absolute and matured; (iii) the capital of the Borrower and its subsidiaries, taken as a whole, is not unreasonably small in relation to the
business of the Borrower or its subsidiaries, taken as a whole, contemplated as of the date hereof; and (iv) the Borrower and its subsidiaries, taken as a whole, are able to pay their debts (including current obligations and contingent
liabilities) as such debts mature and do not intend to incur, or believe that they will incur, debts (including current obligations and contingent liabilities) beyond their ability to pay such debt as they mature in the ordinary course of business.
For the purposes hereof, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become
an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). 

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	1 	Describe Credit Agreement. 


  
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 IN WITNESS WHEREOF, I have executed this Solvency Certificate on the date first written above.

  

			
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	



  
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