364-Day Competitive Revolving Credit Agreement



 Exhibit 10.2 
 EXECUTION COPY 
  
  
 $500,000,000 
 364-DAY COMPETITIVE ADVANCE AND 
 REVOLVING CREDIT FACILITY 
 among 
 RAYTHEON COMPANY, 
 as the Borrower, 
 THE LENDERS NAMED HEREIN, 
 BANK OF AMERICA, N.A., 
 as Syndication Agent, 
 CITIBANK, N.A. and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 
 as Documentation Agents, 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent, 
 Dated as of November 18, 2009 
  
  
 J.P. MORGAN SECURITIES INC. and 
 BANC OF AMERICA SECURITIES LLC 
 as Joint Lead Arrangers and Joint Bookrunners 







 Table of Contents 
  

							
		 		  	Page
		
	ARTICLE I Definitions	  	1
		 	SECTION 1.01.	 	 Defined Terms
	  	1
		 	SECTION 1.02.	 	 Terms Generally
	  	14
		
	ARTICLE II The Credits	  	14
		 	SECTION 2.01.	 	 Commitments
	  	14
		 	SECTION 2.02.	 	 Loans
	  	15
		 	SECTION 2.03.	 	 Competitive Bid Procedure
	  	16
		 	SECTION 2.04.	 	 Borrowing Procedure
	  	17
		 	SECTION 2.05.	 	 Term Loans
	  	18
		 	SECTION 2.06.	 	 Request for Term Borrowing
	  	18
		 	SECTION 2.07.	 	 Evidence of Debt; Repayment of Loans
	  	18
		 	SECTION 2.08.	 	 Fees
	  	19
		 	SECTION 2.09.	 	 Interest on Loans
	  	19
		 	SECTION 2.10.	 	 Default Interest
	  	20
		 	SECTION 2.11.	 	 Alternate Interest
	  	20
		 	SECTION 2.12.	 	 Termination and Reduction of Commitments
	  	20
		 	SECTION 2.13.	 	 Conversion and Continuation of Revolving Credit Borrowings
	  	21
		 	SECTION 2.14.	 	 Prepayment
	  	22
		 	SECTION 2.15.	 	 Reserve Requirements; Change in Circumstances
	  	22
		 	SECTION 2.16.	 	 Change in Legality
	  	23
		 	SECTION 2.17.	 	 Indemnity
	  	24
		 	SECTION 2.18.	 	 Pro Rata Treatment
	  	24
		 	SECTION 2.19.	 	 Sharing of Setoffs
	  	25
		 	SECTION 2.20.	 	 Payments
	  	26
		 	SECTION 2.21.	 	 Taxes
	  	26
		 	SECTION 2.22.	 	 Assignment of Commitments Under Certain Circumstances; Duty to Mitigate
	  	28
		 	SECTION 2.23.	 	 Borrowing Notices; Etc
	  	29
		
	ARTICLE III Representations And Warranties	  	29
		 	SECTION 3.01.	 	 Organization; Powers
	  	29
		 	SECTION 3.02.	 	 Authorization
	  	29
		 	SECTION 3.03.	 	 Enforceability
	  	30
		 	SECTION 3.04.	 	 Governmental Approvals
	  	30
		 	SECTION 3.05.	 	 Financial Statements
	  	30
		 	SECTION 3.06.	 	 No Material Adverse Change
	  	30
		 	SECTION 3.07.	 	 Litigation; Compliance with Laws
	  	30
		 	SECTION 3.08.	 	 Federal Reserve Regulations
	  	31
		 	SECTION 3.09.	 	 Investment Company Act
	  	31
		 	SECTION 3.10.	 	 Tax Returns
	  	31
		 	SECTION 3.11.	 	 No Material Misstatements
	  	31
		 	SECTION 3.12.	 	 Employee Benefit Plans
	  	31
		 	SECTION 3.13.	 	 No Default
	  	31
		 	SECTION 3.14.	 	 Ownership of Property; Liens; Insurance
	  	32
		 	SECTION 3.15.	 	 Intellectual Property
	  	32

  

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		 	SECTION 3.16.	 	 Labor Matters
	  	32
		 	SECTION 3.17.	 	 Environmental Matters
	  	32
		 	SECTION 3.18.	 	 Solvency
	  	33
		
	ARTICLE IV Conditions Of Effectiveness and Lending	  	33
		 	SECTION 4.01.	 	 All Borrowings
	  	33
		 	SECTION 4.02.	 	 Effectiveness
	  	34
		
	ARTICLE V Affirmative Covenants	  	35
		 	SECTION 5.01.	 	 Existence; Businesses and Properties
	  	35
		 	SECTION 5.02.	 	 Insurance
	  	35
		 	SECTION 5.03.	 	 Payment of Obligations; Taxes
	  	35
		 	SECTION 5.04.	 	 Financial Statements, Reports, etc
	  	36
		 	SECTION 5.05.	 	 Litigation and Other Notices
	  	37
		 	SECTION 5.06.	 	 Employee Benefits
	  	37
		 	SECTION 5.07.	 	 Maintaining Records; Access to Properties and Inspections
	  	37
		 	SECTION 5.08.	 	 Use of Proceeds
	  	37
		 	SECTION 5.09.	 	 Environmental Laws
	  	37
		
	ARTICLE VI Negative Covenants	  	38
		 	SECTION 6.01.	 	 Liens
	  	38
		 	SECTION 6.02.	 	 Sale and Lease-Back Transactions
	  	39
		 	SECTION 6.03.	 	 Mergers, Consolidations and Sales of Assets
	  	39
		 	SECTION 6.04.	 	 Subsidiary Indebtedness
	  	39
		 	SECTION 6.05.	 	 Financial Covenants
	  	40
		
	ARTICLE VII Events Of Default	  	40
		
	ARTICLE VIII The Administrative Agent	  	42
		
	ARTICLE IX Miscellaneous	  	44
		 	SECTION 9.01.	 	 Notices
	  	44
		 	SECTION 9.02.	 	 Survival of Agreement
	  	44
		 	SECTION 9.03.	 	 Binding Effect
	  	45
		 	SECTION 9.04.	 	 Successors and Assigns
	  	45
		 	SECTION 9.05.	 	 Expenses; Indemnity
	  	48
		 	SECTION 9.06.	 	 Right of Setoff
	  	49
		 	 SECTION 9.07.
	 	 APPLICABLE LAW
	  	49
		 	SECTION 9.08.	 	 Waivers; Amendment
	  	49
		 	SECTION 9.09.	 	 Interest Rate Limitation
	  	50
		 	SECTION 9.10.	 	 Entire Agreement
	  	50
		 	SECTION 9.11.	 	 WAIVER OF JURY TRIAL
	  	50
		 	SECTION 9.12.	 	 Severability
	  	50
		 	SECTION 9.13.	 	 Counterparts
	  	50
		 	SECTION 9.14.	 	 Headings
	  	50
		 	SECTION 9.15.	 	 Jurisdiction; Consent to Service of Process
	  	50
		 	SECTION 9.16.	 	 Confidentiality
	  	51
		 	SECTION 9.17.	 	 Waiver and Consent of the Existing Credit Agreement
	  	51
		 	SECTION 9.18.	 	 USA PATRIOT ACT
	  	52
		 	SECTION 9.19.	 	 Defaulting Lenders
	  	52

  

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 EXHIBITS 
  

			
	Exhibit A	  	Administrative Questionnaire
	Exhibit B	  	Form of Assignment and Acceptance
	Exhibit C	  	Form of Borrowing Request
	Exhibit D-1	  	Form of Competitive Bid Request
	Exhibit D-2	  	Form of Notice of Competitive Bid Request
	Exhibit D-3	  	Form of Competitive Bid
	Exhibit D-4	  	Form of Competitive Bid Accept/Reject Letter
	Exhibit E	  	Form of Opinion of Jay B. Stephens
	Exhibit F	  	Form of Opinion of Bingham McCutchen LLP
	Exhibit G	  	Form of Term Loan Request

 SCHEDULES 
  

			
	Schedule 2.01	  	Lenders and Commitments
	Schedule 3.01	  	Significant Subsidiaries
	Schedule 3.05	  	Financial Statements/Material Liabilities
	Schedule 3.07	  	Litigation
	Schedule 3.12	  	Foreign Plans
	Schedule 6.01	  	Existing Liens
	Schedule 6.04	  	Existing Subsidiary Indebtedness

  

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 364-DAY COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY, dated as of November 18,
2009, among RAYTHEON COMPANY, a Delaware corporation (the “Borrower”), the Lenders (as defined in Article I), J.P. MORGAN SECURITIES INC. and BANC OF AMERICA SECURITIES LLC, as joint lead arrangers and joint bookrunners
(in such capacity, the “Arrangers”), BANK OF AMERICA, N.A. (“Bank of America”), as syndication agent (in such capacity, the “Syndication Agent”), CITIBANK, N.A. and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as documentation agents (in such capacity, each a “Documentation Agent” and, collectively, the “Documentation Agents”), and JPMORGAN CHASE BANK, N.A., a New York banking corporation (“JPMorgan Chase
Bank”), as administrative agent (in such capacity, the “Administrative Agent”, and, collectively with the Syndication Agent and the Documentation Agents, the “Agents”) for the Lenders. 
 The Borrower has requested the Lenders, and the Lenders have agreed, to extend credit in the form of Revolving Loans at any time and from
time to time prior to the Termination Date, in an aggregate principal amount at any time outstanding not in excess of $500,000,000. The Borrower also has requested the Lenders to provide a procedure pursuant to which the Borrower may invite the
Lenders to bid on an uncommitted basis on short-term borrowings by the Borrower. The proceeds of the Loans are to be used by the Borrower for working capital and general corporate purposes of the Borrower and its Subsidiaries, including, without
limitation, the refinancing of any commercial paper issued by the Borrower or its Subsidiaries. 
 The Lenders are willing to
extend such credit to the Borrower on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.01. Defined Terms. As used in this Agreement, the following terms shall have the meanings specified below: 
 “ABR Borrowing” shall mean a Borrowing comprised of ABR Loans. 
 “ABR Loan” shall mean any Loan bearing interest at the Alternate Base Rate in accordance with the provisions of Article II. 
 “Accumulated Benefit Obligation (ABO)” shall mean the actuarial present value of benefits attributed by the Foreign Plan’s benefit formula to employee service rendered prior to the
valuation date based upon current and past compensation levels. 
 “Administrative Questionnaire” shall mean an
Administrative Questionnaire in the form of Exhibit A. 
 “Affiliate” shall mean, when used with respect
to a specified person, another person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the person specified. 
 “Agents” shall have the meaning assigned to such term in the preamble. 
 “Agents’ Fees” shall have the meaning assigned to such term in Section 2.08(c). 







 “Aggregate Revolving Credit Exposure” shall mean the aggregate amount of
the Lenders’ Revolving Credit Exposures. 
 “Agreement” shall mean this 364-Day Competitive Advance and
Revolving Credit Facility, as amended, supplemented or otherwise modified from time to time. 
 “Alternate Base Rate” shall mean, for any day, a rate per annum (rounded upwards, if necessary, to the next  1/100 of 1%) equal to (x) the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day
plus  1/2 of 1% and (c) the Eurodollar
Rate with a one month interest period commencing on such day plus 1.0% less (y) 1.0%. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is
unable to ascertain the Federal Funds Effective Rate for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms hereof, the Alternate Base Rate shall be determined
without regard to clause (b) of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the
Eurodollar Rate shall be effective on the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, respectively. 
 “Applicable Margin” shall mean, (a) with respect to any Eurodollar Loan (other than any Eurodollar Competitive Loan),
a rate per annum equal to the Credit Default Swap Spread applicable to such Eurodollar Loan on such date, (b) with respect to any ABR Loan, a rate per annum equal to the Credit Default Swap Spread applicable to such ABR Loan on such date or
(c) with respect to the Facility Fees, the applicable rate per annum set forth under the caption “Facility Fee Rate” in the Revolving Loans Pricing Grid , based upon the ratings by S&P and Moody’s, respectively, applicable on
such date to the Index Debt. Notwithstanding the foregoing, the Applicable Margin for Eurodollar Loans and ABR Loans in effect at any time shall not be less than the amount set forth under the caption “Minimum Applicable Margin” in the
applicable Pricing Grid, and shall not exceed the amount set forth under the caption “Maximum Applicable Margin” in the applicable Pricing Grid, in each case based upon the Index Debt Rating of the Borrower at such time. Each change in the
Applicable Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. 
 “Approved Fund” shall have the meaning assigned to such term in Section 9.04. 
 “Arrangers” shall have the meaning assigned to such term in the preamble. 
 “Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee, and accepted
by the Administrative Agent, in the form of Exhibit B or such other form as shall be approved by the Administrative Agent. 
 “Authorized Representative” shall mean any officer or other employee of the Borrower designated from time to time pursuant to a certificate of the Borrower delivered to the Administrative Agent as a person who, acting alone
(except to the extent otherwise provided in such certificate), shall be entitled to request Borrowings; provided that only the person or persons designated as such from time in the Borrower’s list of certified authorized representatives
delivered to the Administrative Agent pursuant hereto shall have the authority to specify or change the account designated pursuant to Sections 2.03(a)(iii) and 2.04(iii). 
 “Bank of America” shall have the meaning assigned to such term in the preamble. 
  

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 “Board” shall mean the Board of Governors of the Federal Reserve System of
the United States. 
 “Borrowing” shall mean a group of Loans of a single Type made, converted or continued by
the Lenders (or, in the case of a Competitive Borrowing, by the Lender or Lenders whose Competitive Bids have been accepted pursuant to Section 2.03) on a single date and as to which a single Interest Period is in effect. 
 “Borrowing Request” shall mean a request by the Borrower in accordance with the terms of Section 2.04 and
substantially in the form of Exhibit C. 
 “Business” shall have the meaning assigned to such term in
Section 3.17. 
 “Business Day” shall mean any day other than a Saturday, Sunday or day on which banks in
New York City are authorized or required by law to close; provided, however, that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for
dealings in Dollar deposits in the London interbank market. 
 “Calculation Date” shall mean the last Business
Day of each calendar quarter. 
 “Capital Lease Obligations” shall mean as to any person, the obligations of
such person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on
a balance sheet of such person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 
 “CDS Determination Date” shall mean (a) with respect to any Eurodollar Loan, the second Business Day prior to the
borrowing of such Eurodollar Loan and, if applicable, the last Business Day prior to the continuation of such Eurodollar Loan, provided that, in the case of any Eurodollar Loan having an Interest Period greater than three months, the last
Business Day prior to each three-month period succeeding such initial three-month period shall also be a CDS Determination Date with respect to such Eurodollar Loan, with the applicable Credit Default Swap Spread, as so determined, to be in effect
as to such Eurodollar Loan for each day commencing with the first day of the applicable Interest Period until subsequently re-determined in accordance with the foregoing and (b) with respect to ABR Loans, initially on the Closing Date, and
thereafter on the first Business Day of each succeeding calendar quarter. 
 A “Change in Control” shall be
deemed to have occurred if (1) any “person” or “group” as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) shall become the
“beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding common stock of the Borrower, or (2) a majority of the seats (other than vacant seats) on
the board of directors of the Borrower shall at any time have been occupied by persons who were neither (a) nominated by the board of directors of the Borrower nor (b) appointed by directors so nominated. 
 “Closing Date” shall mean November 18, 2009. 
 “Code” shall mean the Internal Revenue Code of 1986, as the same may be amended from time to time. 
 “Commitment” shall mean, with respect to each Lender, the commitment of such Lender to make Revolving Loans and convert
Revolving Loans to Term Loans hereunder in an aggregate principal and/or

  

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face amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender became a party hereto, as
the same may be (a) reduced from time to time pursuant to Section 2.12 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The aggregate initial Commitments shall
be $500,000,000. 
 “Competitive Bid” shall mean an offer by a Lender to make a Competitive Loan pursuant to
Section 2.03. 
 “Competitive Bid Accept/Reject Letter” shall mean a notification made by the Borrower
pursuant to Section 2.03(d) in the form of Exhibit D-4. 
 “Competitive Bid Rate” shall mean, as to
any Competitive Bid made by a Lender pursuant to Section 2.03(b), (i) in the case of a Eurodollar Competitive Loan, the Margin, and (ii) in the case of a Fixed Rate Loan, the fixed rate of interest offered by the Lender making such
Competitive Bid. 
 “Competitive Bid Request” shall mean a request made pursuant to Section 2.03 in the
form of Exhibit D-1. 
 “Competitive Borrowing” shall mean a Borrowing consisting of a Competitive Loan or
concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted by the Borrower under the bidding procedure described in Section 2.03. 
 “Competitive Loan” shall mean a Loan from a Lender to the Borrower pursuant to the bidding procedure described in
Section 2.03. Each Competitive Loan shall be a Eurodollar Competitive Loan or a Fixed Rate Loan. 
 “Confidential
Information Memorandum” shall mean the Confidential Information Memorandum of the Borrower dated October 2009, as revised, amended, modified or otherwise supplemented prior to the date hereof. 
 “Consolidated EBITDA” shall mean, for any period, the sum of (a) Consolidated Net Income for such period and
(b) the aggregate amounts deducted in determining Consolidated Net Income in respect of (i) Consolidated Net Interest Expense for such period, (ii) income taxes, depreciation and amortization of the Borrower and its consolidated
Subsidiaries for such period determined in accordance with GAAP, (iii) write-offs of goodwill as required, or as would be required in the next succeeding fiscal year of the Borrower, by Accounting Standard Codification 350, Intangibles,
Goodwill and Other, and (iv) non-cash charges arising outside of the ordinary course of business minus (c) to the extent included in Consolidated Net Income for such period, non-cash income or gains arising outside of the ordinary
course of business, provided, however, that any non-cash adjustment to Consolidated EBITDA referred to in clause (b)(iv) or clause (c) shall not include the portion, if any, of such adjustment that is reasonably expected to become a cash
payment prior to the third anniversary of the Closing Date. 
 “Consolidated Interest Coverage Ratio” shall
mean for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Net Interest Expense for such period. 
 “Consolidated Net Income” shall mean for any period, the consolidated net income (or deficit) of the Borrower and its consolidated Subsidiaries for such period, determined in accordance
with GAAP (after deducting net income attributable to non-controlling interests). 
  

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 “Consolidated Net Interest Expense” shall mean, for any period, net
interest expense of the Borrower and its consolidated Subsidiaries for such period, determined in accordance with GAAP. 
 “Consolidated Net Tangible Assets” shall mean, as at any date of determination, the total amount of assets of the Borrower and the Subsidiaries (less applicable depreciation, amortization and other valuation reserves) at
such date, after deducting therefrom (a) all current liabilities of the Borrower and the Subsidiaries at such date and (b) all goodwill, trade names, trademarks, patents, unamortized debt issuance fees and expenses and other like
intangibles at such date. 
 “Contractual Obligations” shall mean, as to any person, any provision of any
security issued by such person or of any agreement, instrument or other undertaking to which such person is a party or by which it or any of its property is bound. 
 “Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a person, whether through the ownership of
voting securities, by contract or otherwise, and “Controlling” and “Controlled” shall have meanings correlative thereto. 
 “Credit Default Swap Spread” shall mean at any CDS Determination Date, the credit default swap spread applicable to a Standard North American Credit Default Swap that specifies the
Borrower as the “Reference Entity” with a one year maturity, in each case determined as of the close of business on the Business Day immediately preceding such CDS Determination Date, as interpolated, if applicable, and reported by Markit
Group Limited or any successor thereto. If on any relevant CDS Determination Date the Credit Default Swap Spread is unavailable for a Loan, the Borrower and the Administrative Agent shall negotiate in good faith (for a period of up to thirty days
after the Credit Default Swap Spread first becomes unavailable (such thirty-day period, the “Negotiation Period”)) to agree on an alternative method for establishing the Applicable Margin for such Loan. The Applicable Margin for
Eurodollar Loans and ABR Loans that have a CDS Determination Date that falls during the Negotiation Period (or for which a Credit Default Swap Spread was unavailable as provided above) shall be based upon the Credit Default Swap Spread determined as
of the close of business on the Business Day immediately preceding the last CDS Determination Date applicable to such Type of Loan falling prior to the Negotiation Period. If no such alternative method is agreed upon during the Negotiation Period,
the Applicable Margin for such Eurodollar Loans and ABR Loans (and for any Loans that have a CDS Determination Date that occurs thereafter) for any day subsequent to the end of the Negotiation Period shall be a rate per annum equal to 75% of the
amount set forth under the caption “Maximum Applicable Margin,” in the applicable Pricing Grid. 
 “Default” shall mean any event or condition which upon notice, lapse of time or both would constitute an Event of Default. 
 “Default Excess” shall mean, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s pro rata share (based on its Commitment hereunder) of the
aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all
Loans of such Defaulting Lender. 
 “Defaulted Loan” shall have the meaning assigned to such term in the
definition of “Defaulting Lender”. 
 “Defaulting Lender” means any Lender that (a) has failed
to fund any portion of its Loans required to be funded by it hereunder (each, a “Defaulted Loan”) within three (3) Business Days of the date required to be funded by it hereunder, (b) has notified the Borrower or the
Administrative Agent in

  

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writing that it does not intend to comply with any of its funding obligations under its credit facilities or has made a public statement to the effect that it does not intend to comply with its
funding obligations under its credit facilities, (c) has otherwise failed to pay over to the Administrative Agent any other amount required to be paid by it hereunder within three (3) Business Days of the date when due, unless the subject
of a good faith dispute, or (d) (i) is insolvent or (ii) has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian (or the equivalent under any applicable law) appointed
for it, or has indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not become a “Defaulting Lender” solely as a result of the acquisition or maintenance of
an ownership interest in such Lender or Person controlling such Lender or the exercise of control over a Lender or Person controlling such Lender by a Governmental Authority or instrumentality thereof. 
 “Dollars” or “$” shall mean lawful money of the United States of America. 
 “Environmental Laws” shall mean any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations,
statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other applicable laws or regulations (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human
health or the environment, as now or may at any time hereafter be in effect. 
 “ERISA” shall mean the Employee
Retirement Income Security Act of 1974, as the same may be amended from time to time. 
 “ERISA Affiliate”
shall mean any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code, or, solely for purposes of Section 302 of ERISA and
Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA
Event” shall mean (a) any Reportable Event; (b) the adoption of any amendment to a Plan that would require the provision of security pursuant to Section 401(a)(29) of the Code or Section 307 of ERISA; (c) any
failure by any Plan to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of ERISA), whether or not waived; (d) the filing pursuant to Section 412(d) of the Code or
Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, the failure to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan or the
failure by Borrower or any ERISA Affiliate to make by its due date a required contribution to a Multiemployer Plan; (e) the incurrence by Borrower or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination
of any Plan or the withdrawal or partial withdrawal of the Borrower or any of its ERISA Affiliates from any Plan or Multiemployer Plan; (f) a determination that any Plan is, or is expected to be, in “at risk” status (within the
meaning of Section 430 of the Code or Title IV of ERISA); (g) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a
trustee to administer any Plan; (h) the receipt by the Borrower or any ERISA Affiliate of any notice that Withdrawal Liability is being imposed or a determination that a Multiemployer Plan is, or is expected to be, Insolvent, in Reorganization,
or in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 or Title IV of ERISA); and (i) the occurrence of a non-exempt “prohibited transaction” with respect to
which the Borrower or any of its Subsidiaries is a “disqualified person” (within the meaning of Section 4975) of the Code, or with respect to which the Borrower or any such Subsidiary could otherwise be liable. 
 “Eurodollar Base Rate” shall mean with respect to each day during each Interest Period pertaining to a Eurodollar Loan, the
rate per annum determined on the basis of the rate for deposits in

  

 6 








 
Dollars for a period equal to such Interest Period commencing on the first day of such Interest Period appearing on the applicable Reuters screen (or any successor or substitute page or service,
or any successor to or substitute for such page or service, providing rate quotations comparable to those currently provided on such page or service, as reasonably determined by the Administrative Agent from time to time for purposes of providing
quotations of interest rates applicable to Dollar deposits in the London interbank market) as of 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period. In the event that such rate does not appear on the applicable
Reuters screen, the “Eurodollar Base Rate” shall be determined by reference to such other comparable publicly available service for displaying eurodollar rates as may be selected by the Administrative Agent or, in the absence of
such availability, by reference to the rate at which the Administrative Agent is offered Dollar deposits at or about 11:00 A.M., New York City time, two Business Days prior to the beginning of such Interest Period in the London interbank market
where its eurodollar and foreign currency and exchange operations are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein. 
 “Eurodollar Borrowing” shall mean a Borrowing comprised of Eurodollar Loans. 
 “Eurodollar Competitive Borrowing” shall mean a Borrowing comprised of Eurodollar Competitive Loans. 
 “Eurodollar Competitive Loan” shall mean any Competitive Loan bearing interest at a rate determined by reference to the
Eurodollar Rate in accordance with the provisions of Article II. 
 “Eurodollar Loan” shall mean any
Eurodollar Revolving Loan or Eurodollar Competitive Loan. 
 “Eurodollar Rate” shall mean with respect to each
day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): 
  

			
	   Eurodollar Base Rate
	 	
	  1.00 - Eurodollar Reserve Requirements	 	

 “Eurodollar Reserve Requirements” shall mean for any day as applied
to a Eurodollar Loan, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves) under any regulations of
the Board or other Governmental Authority having jurisdiction with respect thereto dealing with reserve requirements prescribed for Eurodollar funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board)
maintained by a member bank of the Federal Reserve System. 
 “Eurodollar Revolving Credit Borrowing” shall
mean a Borrowing comprised of Eurodollar Revolving Loans. 
 “Eurodollar Revolving Loan” shall mean any
Revolving Loan bearing interest at a rate determined by reference to the Eurodollar Rate in accordance with the provisions of Article II. 
 “Event of Default” shall have the meaning assigned to such term in Article VII. 
 “Existing Credit Agreement” shall mean the Five-Year Competitive Advance and Revolving Credit Facility, dated as of March 24, 2005, among the Borrower, the lenders from time to time
parties thereto, Bank of America, N.A., as syndication agent, Citibank, N.A. and Credit Suisse First Boston, as documentation agents and JPMorgan Chase Bank, N.A., as administrative agent, as amended, supplemented or otherwise modified through the
date hereof. 
  

 7 








 “Facility Fee” shall have the meaning assigned to such term in
Section 2.08(a). 
 “Federal Funds Effective Rate” shall mean, for any day, the weighted average of the
rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Fee Letters” shall mean, collectively (a) the Fee Letter dated October 12, 2009, among the Borrower, J.P. Morgan
Securities Inc., JPMorgan Chase Bank, Bank of America and Banc of America Securities LLC and (b) the Fee Letter dated October 12, 2009, between the Borrower and JPMorgan Chase Bank.  
 “Fees” shall mean the Facility Fees and the Agents’ Fees. 
 “Financial Officer” of any corporation shall mean the chief financial officer, principal accounting officer, Treasurer,
Assistant Treasurer or Controller of such corporation. 
 “Fixed Rate Borrowing” shall mean a Borrowing
comprised of Fixed Rate Loans. 
 “Fixed Rate Loan” shall mean any Competitive Loan bearing interest at a fixed
percentage rate per annum (expressed in the form of a decimal to no more than four decimal places) specified by the Lender making such Loan in its Competitive Bid. 
 “Foreign Plan” shall mean each employee benefit plan (within the meaning of Section 3(2) of ERISA, whether or not subject to ERISA) that is not subject to U.S. law and is maintained
or contributed to by the Borrower or any ERISA Affiliate. 
 “GAAP” shall mean generally accepted accounting
principles in the United States of America applied on a consistent basis. 
 “Governmental Authority” shall
mean any Federal, state, local or foreign court or governmental agency, authority, instrumentality or regulatory body. 
 “Indebtedness” of any person shall mean, as at any date of determination, all indebtedness (including capitalized lease obligations) of such person and its consolidated subsidiaries at such date that would be required to be
included as a liability on a consolidated balance sheet (excluding the footnotes thereto) of such person prepared in accordance with GAAP applied on a basis consistent with the application used in the financial statements referred to in
Section 3.05. 
 “Index Debt” shall mean the senior, unsecured, non-credit enhanced, long-term
indebtedness for borrowed money of the Borrower. 
 “Index Debt Rating” shall mean as of any date, the rating
that has been most recently announced by S&P and Moody’s for the Index Debt of the Borrower. For purposes of the foregoing, (i) if either Moody’s or S&P shall not have in effect a rating for the Index Debt (other than by
reason of the circumstances referred to in the last sentence of this definition), then such rating agency shall be deemed

  

 8 








 
to have established a rating in the lowest level; (ii) if the ratings established or deemed to have been established by Moody’s and S&P for the Index Debt shall fall within
different levels set forth in the applicable Pricing Grid, the Applicable Margin shall be based on the higher of the two ratings unless the ratings differ by more than one level, in which case the governing rating shall be the rating next below the
higher of the two; and (iii) if the ratings established or deemed to have been established by Moody’s and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Moody’s or S&P),
such change shall be effective as of the date on which it is first announced by the applicable rating agency. If the rating system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business of rating
corporate debt obligations, the Borrower, the Administrative Agent and the Syndication Agent shall negotiate in good faith the terms of an amendment to this definition to reflect such changed rating system or the non-availability of ratings from
such rating agency and, pending the effectiveness of any such amendment, the Applicable Margin shall be determined by reference to the rating most recently in effect prior to such change or cessation. 
 “Insolvent” shall mean, with respect to any Multiemployer Plan, the condition that such Multiemployer Plan is insolvent
within the meaning of Section 4245 of ERISA. 
 “Interest Payment Date” shall mean, with respect to any
Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day that would have been an Interest
Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing, and, in addition, except with respect to any ABR Loan, the date of any prepayment of such Loan or conversion of such Loan to a Loan of a
different Type. 
 “Interest Period” shall mean (a) as to any Eurodollar Borrowing, the period commencing
on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as the case may be, and ending on the numerically corresponding day (or, if there is no numerically corresponding day, on the
last day) in the calendar month that is 1, 2, 3 or 6 months thereafter, as the Borrower may elect, (b) as to any ABR Borrowing, the period commencing on the date of such Borrowing or on the last day of the immediately
preceding Interest Period applicable to such Borrowing, as the case may be, and ending on the earlier of (i) the next succeeding March 31, June 30, September 30 or December 31 and (ii) the Termination Date (or the
Maturity Date, if the Borrower has exercised the option to convert Revolving Loans to Term Loans pursuant to Section 2.06) and (c) as to any Fixed Rate Borrowing, the period commencing on the date of such Borrowing and ending on the date
specified in the Competitive Bids in which the offer to make the Fixed Rate Loans comprising such Borrowing was extended, which shall not be earlier than seven days after the date of such Borrowing or later than 360 days after the date of such
Borrowing; provided, however, that, if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a Eurodollar Borrowing only,
such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day. Interest shall accrue from and including the first day of an Interest Period to but excluding
the last day of such Interest Period. Notwithstanding anything to the contrary in this definition of “Interest Period”, any Interest Period that would otherwise extend beyond the Termination Date (or the Maturity Date, if the Borrower has
exercised the Term Loan option under Section 2.06) shall end on the Termination Date (or the Maturity Date, if the Borrower has exercised the Term Loan option under Section 2.06). 
 “JPMorgan Chase Bank” shall have the meaning assigned to such term in the preamble. 
 “Lender Affiliate” shall mean (a) any Affiliate of any Lender, (b) any person that is administered or managed by
any Lender or any Affiliate of any Lender and that is engaged in making, purchasing,

  

 9 








 
holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business and (c) with respect to any Lender which is a fund that invests in
commercial loans and similar extensions of credit, any other fund that invests in commercial loans and similar extensions of credit and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such Lender or
investment advisor. 
 “Lenders” shall mean (a) the financial institutions listed on
Schedule 2.01 (other than any such financial institution that has ceased to be a party hereto pursuant to an Assignment and Acceptance) and (b) any financial institution that has become a party hereto pursuant to an Assignment and
Acceptance. 
 “Lien” shall mean, with respect to any asset of any person, (a) any mortgage, deed of
trust, lien, pledge, encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having
substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities that constitute assets of such person, any purchase option, call or similar right of a third party with respect to such
securities. 
 “Loans” shall mean collectively, the Revolving Loans (or, if the Borrower has exercised the
option to convert the Revolving Loans in accordance with Section 2.06, the Term Loans) and the Competitive Loans. 
 “Margin” shall mean, as to any Eurodollar Competitive Loan, the margin (expressed as a percentage rate per annum in the form of a decimal to no more than four decimal places) to be added to or subtracted from the Eurodollar
Rate in order to determine the interest rate applicable to such Loan, as specified in the Competitive Bid relating to such Loan. 
 “Margin Stock” shall have the meaning assigned to such term in Regulation U. 
 “Material
Adverse Effect” shall mean a materially adverse effect on the business, assets, operations or condition, financial or otherwise, of the Borrower and the Subsidiaries taken as a whole. 
 “Materials of Environmental Concern” shall mean all explosive or radioactive substances or wastes and all hazardous or
toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, urea-formaldehyde insulation, radon gas, infectious or medical wastes and all other
substances or wastes of any nature regulated pursuant to any Environmental Law. 
 “Maturity Date” shall mean
the first anniversary of the Termination Date. 
 “Moody’s” shall mean Moody’s Investors Service,
Inc. 
 “Multiemployer Plan” shall mean a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any
successor entity performing similar functions. 
 “Performing Lender” means any Lender that (i) is a
Defaulting Lender solely as a result of the occurrence of an event described in clause (d) of the definition of Defaulting Lender, (ii) following the event referred to in clause (i) above, continues to perform all of its obligations
under this Agreement as and when due, and (iii) has not been replaced in accordance with Section 2.22(c). 
  

 10 








 “Permitted Receivables Program” shall mean any receivables securitization
program pursuant to which the Borrower or any of the Subsidiaries sells accounts receivable and related receivables to any non-Affiliate in a “true sale” transaction; provided, however, that any related indebtedness incurred
to finance the purchase of such accounts receivable is not includible on the balance sheet of the Borrower or any Subsidiary in accordance with GAAP and applicable regulations of the Securities and Exchange Commission. 
 “person” shall mean any natural person, corporation, limited liability company, business trust, joint venture, association,
company, partnership or government, or any agency or political subdivision thereof. 
 “Plan” shall mean any
employee pension benefit plan (as defined in Section 3(2) of ERISA, other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Sections 412 and 430 of the Code or Sections 302 and 303 of ERISA, and in respect
of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4062 or 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Pricing Grids” shall mean the Revolving Loans Pricing Grid or the Term Loans Pricing Grid, as the case may be. 

“Prime Rate” shall mean the rate of interest per annum publicly announced from time to time by the Administrative Agent
as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective on the date such change is publicly announced as being effective. 
 “Projected Benefit Obligation (PBO)” shall mean the actuarial present value of all benefits attributed by the Foreign
Plan’s benefit formula to employee service rendered prior to the valuation date, including an assumption for future compensation levels. 
 “Property” shall have the meaning assigned to such term in Section 3.17. 
 “Ratio Certificate” shall mean a certificate, signed on behalf of the Borrower by a Financial Officer of the Borrower, delivered to the Administrative Agent on the Closing Date and as may
be required by Section 5.04(c), and setting forth the calculations, in reasonable detail, required to determine compliance with all covenants set forth in Sections 6.05 (a) and (b) on the Closing Date or on the last day of any fiscal
quarter, as the case may be. 
 “Register” shall have the meaning given such term in Section 9.04(d).

 “Regulation U” shall mean Regulation U of the Board as from time to time in effect and all official
rulings and interpretations thereunder or thereof. 
 “Regulation X” shall mean Regulation X of the
Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Reorganization” shall mean, with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA. 
 “Reportable Event” shall mean any “reportable event,” as defined in Section 4043(c) of ERISA or the
regulations issued thereunder, other than those events as to which the 30-day notice period referred to in Section 4043(c) of ERISA has been waived, with respect to a Plan. 
  

 11 








 “Required Lenders” shall mean, at any time and except as provided in
Section 9.08(c), the holders of more than 50% of the Commitments then in effect or, if the Commitments have been terminated prior to the conversion of Revolving Loans to Term Loans in accordance with Section 2.06, the Aggregate Revolving
Credit Exposure then outstanding, and thereafter, Lenders having Term Loans with a total outstanding principal amount representing more than 50% of the sum of the total outstanding principal amount of Term Loans at such time. 
 “Responsible Officer” of any corporation shall mean any executive officer or Financial Officer of such corporation and any
other officer or similar official thereof responsible for the administration of the obligations of such corporation in respect of this Agreement. 
 “Revolving Credit Borrowing” shall mean a Borrowing comprised of Revolving Loans. 
 “Revolving Credit Exposure” shall mean, as to any Lender at any time, an amount equal to the sum of the aggregate principal amount of all Revolving Loans held by such Lender then
outstanding. 
 “Revolving Loans” shall mean the revolving loans made by the Lenders to the Borrower pursuant
to Section 2.01. Each Revolving Loan shall be a Eurodollar Revolving Loan or an ABR Loan. 
 “Revolving Loans
Pricing Grid” shall mean the table set forth below: 
  

												
	 Level
	  	 Index Debt Ratings
 S&P/Moody’s
	  	 Minimum Applicable
 Margin
	 	 	 Maximum Applicable
 Margin
	 	 	 Facility Fee Rate
	 
					
	 I
	  	A+/A1 or better	  	1.00	% 	 	2.00	% 	 	0.125	% 
					
	 II
	  	A/A2	  	1.00	% 	 	2.00	% 	 	0.15	% 
					
	 III
	  	A-/A3	  	1.00	% 	 	2.00	% 	 	0.20	% 
					
	 IV
	  	BBB+/Baa1	  	1.50	% 	 	2.50	% 	 	0.30	% 
					
	 V
	  	BBB/Baa2	  	2.00	% 	 	3.00	% 	 	0.40	% 
					
	 VI
	  	BBB-/Baa3 or below	  	2.50	% 	 	4.00	% 	 	0.50	% 

 “S&P” shall mean Standard & Poor’s Ratings
Service. 
 “Significant Subsidiary” shall mean any Subsidiary that would be a “Significant
Subsidiary” at such time, as such term is defined in Regulation S-X promulgated by the Securities and Exchange Commission as in effect on the Closing Date. 
 “Solvent” when used with respect to any person, shall mean that, as of any date of determination, (a) the amount of the “present fair saleable value” of the assets of such
person will, as of such date, exceed the amount of all “liabilities of such person, contingent or otherwise”, as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing
determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such person will, as of such date, be greater than the amount that will be required to pay the liability of such person on its debts as such debts
become absolute and matured, (c) such person will not have, as of such date, an

  

 12 








 
unreasonably small amount of capital with which to conduct its business, and (d) such person will be able to pay its debts as they mature. For purposes of this definition,
(i) “debt” means liability on a “claim”, and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured,
unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced
to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured. 
 “Standard North
American Credit Default Swap” shall mean a single-name credit default swap that has the substantive terms and conditions set forth in the International Swaps and Derivatives Association, Inc.’s
(“ISDA”) template Confirmation for use with the Credit Derivatives Physical Settlement Matrix (version 12 – September 20, 2009, as such template may from time to time be amended, supplemented or otherwise modified
by ISDA) for the Transaction Type “STANDARD NORTH AMERICAN CORPORATE”. 
 “Stockholders’ Equity” shall mean, as at any date of determination, the stockholders’ equity of the Borrower and its consolidated Subsidiaries as of such date, as determined in accordance with GAAP. 
 “subsidiary” shall mean, with respect to any person (herein referred to as the “parent”), any corporation,
partnership, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests
are, at the time any determination is being made, owned, controlled or held or (b) that is, at the time any determination is made, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more
subsidiaries of the parent. 
 “Subsidiary” shall mean any subsidiary of the Borrower. 
 “Substitute Rate” shall have the meaning assigned to such term in Section 2.11. 
 “Termination Date” shall mean the Business Day preceding the first anniversary of the Closing Date. 
 “Term Loan” shall have the meaning assigned to such term in Section 2.05. 
 “Term Loan Request” shall mean a request by the Borrower in accordance with the terms of Section 2.06 and
substantially in the form of Exhibit G. 
 “Term Loans Pricing Grid” shall mean the table set forth below:

  

									
	 Level
	  	 Index Debt Ratings
 S&P/Moody’s
	  	 Minimum Applicable
Margin
	 	 	 Maximum Applicable
Margin
	 
				
	I	  	 A+/A1 or better
	  	1.50	% 	 	2.50	% 
				
	II	  	 A/A2
	  	1.50	% 	 	2.50	% 
				
	III	  	 A-/A3
	  	1.50	% 	 	2.50	% 
				
	IV	  	 BBB+/Baa1
	  	2.00	% 	 	3.00	% 
				
	V	  	 BBB/Baa2
	  	2.50	% 	 	3.50	% 
				
	VI	  	 BBB-/Baa3 or below
	  	3.00	% 	 	4.50	% 

  

 13 








 “Total Capitalization” shall mean, as at any date of determination, the sum
of Total Debt at such date and Stockholders’ Equity at such date. 
 “Total Commitment” shall mean, at any
time, the aggregate amount of the Commitments, as in effect at such time. 
 “Total Debt” shall mean, at a
particular date, all amounts which would be included as indebtedness (including capitalized leases) on a consolidated balance sheet of the Borrower and its consolidated Subsidiaries, determined in accordance with GAAP. 
 “Transactions” shall have the meaning assigned to such term in Section 3.02. 
 “Type”, when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan
or on the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall include the Eurodollar Rate and the Alternate Base Rate. 
 “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from
such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION 1.02. Terms
Generally. The definitions in Section 1.01 shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.
The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references
to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, (a) any reference to this Agreement shall mean this Agreement as amended,
restated, supplemented or otherwise modified from time to time and (b) all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided, however, that for purposes
of determining compliance with the covenants contained in Article VI, all accounting terms herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP as in effect on the date of this Agreement
and applied on a basis consistent with the application used in the financial statements referred to in Section 3.05; and provided, further, that notwithstanding any other provisions contained herein all computations of amounts and
ratios referred to herein shall be made without giving effect to any election under Accounting Standard Codification 825, Financial Instruments (or any other Financial Accounting Standard having a similar result or effect). 
 ARTICLE II 
 THE CREDITS 
 SECTION 2.01. Commitments. Subject to the terms and conditions hereof and relying upon the
representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make Revolving Loans to the Borrower at any time and from time to time on or after the Closing Date, and until

  

 14 








 
the earlier of the Termination Date and the termination of the Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will
not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the aggregate amount of outstanding Loans exceeding the Total Commitment. Within the limits set forth in the preceding sentence,
the Borrower may borrow, pay or prepay and reborrow Revolving Loans on or after the Closing Date and on or prior to the Termination Date, subject to the terms, conditions and limitations set forth herein. 
 SECTION 2.02. Loans. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in
accordance with their respective Commitments; provided, however, that the failure of any Lender to make any Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no
Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.03. The Loans comprising
any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of $1,000,000, and not less than $10,000,000, or (ii) equal to the remaining available balance of the Total Commitment. 
 (b) Subject to Sections 2.11 and 2.16, each Competitive Borrowing shall be comprised entirely of Eurodollar Competitive Loans or
Fixed Rate Loans, and each Revolving Credit Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request pursuant to Section 2.03 or 2.04, as applicable. Each Lender may at its option make any Eurodollar
Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this
Agreement. Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than 15 Eurodollar Borrowings
outstanding hereunder at any time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings. 
 (c) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available
funds to such account in New York City as the Administrative Agent may designate not later than 11:00 a.m., New York City time, and the Administrative Agent shall by 12:00 (noon), New York City time, credit the amounts so received to an account
with the Administrative Agent designated by the Borrower in the applicable Borrowing Request or Competitive Bid Request, which account must be in the name of the Borrower or, if a Borrowing shall not occur on such date because any condition
precedent herein specified shall not have been met, return the amounts so received to the respective Lenders. 
 (d) Unless
the Administrative Agent shall have received notice from a Lender prior to the time of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may
assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (c) above and the Administrative Agent may, in reliance upon such assumption, make available to the
Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, such Lender and the Borrower
severally agree to repay to the Administrative Agent within one Business Day of demand therefor such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such
amount is repaid to the Administrative Agent at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, a rate determined

  

 15 








 
by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender shall repay to the
Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. 
 (e) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request any Borrowing of Revolving Loans if the Interest Period requested with respect thereto would
end after the Termination Date. 
 SECTION 2.03. Competitive Bid Procedure. (a) In order to request Competitive Bids, the
Borrower shall deliver by hand, telecopy or other writing transmitted electronically (including in the form of a .pdf attachment) to the Administrative Agent a Competitive Bid Request duly completed and executed by an Authorized Representative
(i) in the case of a Eurodollar Competitive Borrowing, not later than 10:30 a.m., New York City time, four Business Days before the proposed date of such Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than
10:30 a.m., New York City time, one Business Day before the proposed date of such Borrowing. A Competitive Bid Request shall not be made within five Business Days after the date of any previous Competitive Bid Request. No ABR Loan shall be
requested in, or made pursuant to, a Competitive Bid Request. A Competitive Bid Request that does not conform substantially to the format of Exhibit D-1 may be rejected by the Administrative Agent and the Administrative Agent shall notify the
Borrower of such rejection as promptly as practicable. Each Competitive Bid Request shall refer to this Agreement and specify (i) whether the Borrowing being requested is to be a Eurodollar Competitive Borrowing or a Fixed Rate Borrowing;
(ii) the date of such Borrowing (which shall be a Business Day); (iii) the number and the location of the account to which funds are to be disbursed (which shall be an account that complies with the requirements of Section 2.02(c));
(iv) the aggregate principal amount of such Borrowing, which shall be a minimum of $10,000,000 and an integral multiple of $1,000,000 and not greater than the Total Commitment then available; and (v) the Interest Period with respect
thereto (which may not end after the Termination Date). Promptly after its receipt of a Competitive Bid Request that is not rejected, the Administrative Agent shall by telecopy or other writing transmitted electronically (including in the form of a
..pdf attachment) in the form set forth in Exhibit D-2 invite the Lenders to bid to make Competitive Loans pursuant to the Competitive Bid Request. 
 (b) Each Lender may make one or more Competitive Bids to the Borrower responsive to a Competitive Bid Request. Each Competitive Bid by a Lender must be received by the Administrative Agent by
telecopy or other writing transmitted electronically (including in the form of a .pdf attachment) in the form of Exhibit D-3, (i) in the case of a Eurodollar Competitive Borrowing, not later than 9:30 a.m., New York City time, three
Business Days before the proposed date of such Competitive Borrowing and (ii) in the case of a Fixed Rate Borrowing, not later than 9:30 a.m., New York City time, on the proposed date of such Competitive Borrowing. Competitive Bids that do
not conform substantially to the format of Exhibit D-3 may be rejected by the Administrative Agent, and the Administrative Agent shall notify the applicable Lender as promptly as practicable. Each Competitive Bid shall refer to this Agreement
and specify (i) the principal amount (which shall be a minimum of $5,000,000 and an integral multiple of $1,000,000 and which may equal the entire principal amount of the Competitive Borrowing requested by the Borrower) of the Competitive Loan
or Loans that the Lender is willing to make, (ii) the Competitive Bid Rate or Rates at which the Lender is prepared to make such Loan or Loans and (iii) the Interest Period applicable to such Loan or Loans and the last day thereof (which
shall in no event extend beyond the Termination Date). 
 (c) The Administrative Agent shall promptly notify the Borrower
by telecopy or other writing transmitted electronically (including in the form of a .pdf attachment) of the Competitive Bid Rate and the principal amount of each Competitive Loan in respect of which a Competitive Bid shall have been made and the
identity of the Lender that shall have made each bid. 
  

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 (d) The Borrower may, subject only to the provisions of this paragraph (d), accept
or reject any Competitive Bid. An Authorized Representative of the Borrower shall notify the Administrative Agent by telephone, confirmed by telecopy or other writing transmitted electronically (including in the form of a .pdf attachment) in the
form of a Competitive Bid Accept/Reject Letter, whether and to what extent it has decided to accept or reject each Competitive Bid, (x) in the case of a Eurodollar Competitive Borrowing, not later than 10:30 a.m., New York City time, three
Business Days before the date of the proposed Competitive Borrowing and (y) in the case of a Fixed Rate Borrowing, not later than 10:30 a.m., New York City time, on the proposed date of the Competitive Borrowing; provided, however,
that (i) the failure of the Borrower to give such notice shall be deemed to be a rejection of each Competitive Bid, (ii) the Borrower shall not accept a Competitive Bid made at a particular Competitive Bid Rate if the Borrower has decided
to reject a Competitive Bid made at a lower Competitive Bid Rate, (iii) the aggregate amount of the Competitive Bids accepted by the Borrower shall not exceed (but may be less than) the principal amount specified in the Competitive Bid Request,
(iv) if the Borrower shall accept a Competitive Bid or Bids made at a particular Competitive Bid Rate but the amount of such Competitive Bid or Bids would cause the total amount to be accepted by the Borrower to exceed the amount specified in
the Competitive Bid Request, then the Borrower shall accept a portion of such Competitive Bid or Bids in an amount equal to the amount specified in the Competitive Bid Request less the amount of all other Competitive Bids so accepted, which
acceptance, in the case of multiple Competitive Bids at such Competitive Bid Rate, shall be made pro rata in accordance with the amount of each such Competitive Bid and (v) except pursuant to clause (iv) above, no Competitive Bid shall be
accepted for a Competitive Loan unless such Competitive Loan is in a minimum principal amount of $5,000,000 and a greater integral multiple of $1,000,000; provided further, however, that if a Competitive Loan must be in an amount less
than $5,000,000 because of the provisions of clause (iv) above, such Competitive Loan may be for a minimum of $1,000,000 or any integral multiple thereof, and in calculating the pro rata allocation of acceptances of portions of multiple
Competitive Bids at a particular Competitive Bid Rate pursuant to clause (iv) the amounts shall be rounded to integral multiples of $1,000,000 in a manner determined by the Borrower. A notice given by the Borrower pursuant to this paragraph
(d) shall be irrevocable. 
 (e) The Administrative Agent shall promptly notify each bidding Lender by telecopy or
other electronic transmission whether or not its Competitive Bid has been accepted (and, if so, in what amount and at what Competitive Bid Rate), and each successful bidder will thereupon become bound, upon the terms and subject to the conditions
hereof, to make the Competitive Loan in respect of which its Competitive Bid has been accepted. 
 (f) If the
Administrative Agent shall elect to submit a Competitive Bid in its capacity as a Lender, it shall submit such Competitive Bid directly to the Borrower at least one quarter of an hour earlier than the time by which the other Lenders are required to
submit their Competitive Bids to the Administrative Agent pursuant to paragraph (b) above. 
 SECTION 2.04. Borrowing
Procedure. In order to request a Borrowing (other than a Competitive Borrowing, as to which this Section 2.04 shall not apply), the Borrower shall deliver by hand, telecopy or other writing transmitted electronically (including in the form of a
..pdf attachment) to the Administrative Agent a duly completed Borrowing Request (a) in the case of a Eurodollar Borrowing, not later than 10:30 a.m., New York City time, three Business Days before a proposed Borrowing and (b) in the case of an ABR
Borrowing, not later than 10:30 a.m., New York City time, on the day of a proposed Borrowing. Each Borrowing Request shall be irrevocable, signed by an Authorized Representative, and shall specify the following information: (i) whether the Borrowing
then being requested is to be a Eurodollar Borrowing or an ABR Borrowing; (ii) the date of such Borrowing (which shall be a Business Day);

  

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(iii) the number and location of the account to which funds are to be disbursed (which shall be an account that complies with the requirements of Section 2.02(c)); (iv) the amount
of such Borrowing; and (v) if such Borrowing is to be a Eurodollar Borrowing, the Interest Period with respect thereto; provided, however, that, notwithstanding any contrary specification in any Borrowing Request, each requested
Borrowing shall comply with the requirements set forth in Section 2.02. If no election as to the Type of Borrowing is specified in any such notice by the Borrower, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period
with respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly advise the Lenders of any notice
given pursuant to this Section 2.04 (and the contents thereof), and of each Lender’s portion of the requested Borrowing. 
 SECTION
2.05. Term Loans. The Revolving Loans outstanding at the close of business on the Termination Date shall, at the option of the Borrower by notice given to the Administrative Agent as provided in Section 2.06 but subject to the terms
and conditions hereof (including Section 4.01), convert on such date into term loans (the “Term Loans”) to the Borrower. The Term Loans may from time to time be a Eurodollar Borrowing or an ABR Borrowing, as determined by the
Borrower and notified to the Administrative Agent in accordance with Sections 2.06 and 2.13. 
 SECTION 2.06. Request for Term
Borrowing. In order to request the conversion of the Revolving Loans to Term Loans, the Borrower shall deliver by hand, telecopy or other writing transmitted electronically (including in the form of a .pdf attachment) to the Administrative Agent
a duly completed Term Loan Request (a) if all or any part of the Term Loans are to be a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the Termination Date and (b) otherwise, not
later than the Termination Date. Each Term Loan Request shall be irrevocable, signed by an Authorized Representative, and shall specify the following information: (i) whether after giving effect to such conversion, the outstanding Term Loans
are to consist of a Eurodollar Borrowing or an ABR Borrowing, or a combination thereof; (ii) the aggregate amount of the requested conversion; and (iii) in the case of a Eurodollar Borrowing, the Interest Period with respect thereto. If no
election as to the Type of Term Loans is specified in any such notice by the Borrower, then the requested Term Loans shall be ABR Borrowings. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the
Borrower shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly advise the Lenders of any notice given pursuant to this Section 2.06 (and the contents thereof). If the aggregate
principal amount of the Term Loans is to be equal to or less than the aggregate principal amount of the Revolving Loans then outstanding, the Term Loans shall be made without any payments being made by the Lenders, and the Borrower shall pay any
difference to the Administrative Agent for the account of the Lenders on the Termination Date. 
 SECTION 2.07. Evidence of Debt;
Repayment of Loans. (a) The Borrower hereby agrees that (i) except to the extent that the Borrower converts Revolving Loans to Term Loans on the Termination Date pursuant to Section 2.06, the outstanding principal balance of
each Revolving Loan made to it shall be payable on the Termination Date, (ii) the outstanding principal amount of the Term Loans shall be payable on the Maturity Date (or such earlier date upon which the Term Loans become due and payable
pursuant to Article VII) and (iii) the outstanding principal balance of each Competitive Loan made to it shall be payable on the last day of the Interest Period applicable thereto. Each Loan shall bear interest from and including the date of
such Loan on the outstanding principal balance thereof as set forth in Section 2.09. 
 (b) Each Lender shall maintain
in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid
by such Lender from time to time under this Agreement. 
  

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 (c) The Administrative Agent shall maintain accounts in which it will record
(i) the amount of each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder
and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share thereof. 
 (d) The entries made in the accounts maintained pursuant to paragraphs (b) and (c) of this Section 2.07 shall be prima facie evidence of the existence and amounts of the obligations
therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in
accordance with their terms. 
 (e) Notwithstanding any other provision of this Agreement, in the event any Lender shall
request and receive a promissory note payable to such Lender and its registered assigns, the interests represented by such note shall at all times (including after any assignment of all or part of such interests pursuant to Section 9.04) be
represented by one or more promissory notes payable to the payee named therein or its registered assigns. 
 SECTION 2.08. Fees.
(a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender (other than a Defaulting Lender that is not a Performing Lender) a facility fee (a “Facility Fee”) for the period from and including the
Closing Date to the later of (i) the Termination Date and (ii) the date the Commitments have been terminated and the outstanding principal of the Revolving Loans shall have been paid in full or converted into Term Loans in accordance with
Section 2.06, computed at the Applicable Margin on the average daily amount of the Commitments (whether used or unused) or, after the Commitments have been otherwise terminated hereunder, the average daily amount of the Revolving Loans
outstanding, of such Lender during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December, on the Termination Date and on the date the Commitments have been terminated,
commencing on the first of such dates to occur after the date hereof. All Facility Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. 
 (b) The Borrower agrees to pay to the Administrative Agent, for the account of each Lender, a term-out fee in an amount equal to 1.00%
of the aggregate principal amount of any Revolving Loans of such Lender being converted to Term Loans pursuant to Section 2.06, payable on the Termination Date. 
 (c) The Borrower agrees to pay to each of the Agents or their Affiliates, for their own account, the fees set forth in the Fee Letters at the times and in the amounts specified therein (the
“Agents’ Fees”). 
 (d) All Fees shall be paid on the dates due, in immediately available funds. Once
paid, none of the Fees shall be refundable under any circumstances. 
 SECTION 2.09. Interest on Loans. (a) Subject to the
provisions of Section 2.10, the Loans comprising each ABR Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is
determined by reference to the Prime Rate and over a year of 360 days at all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin in effect from time to time. 
 (b) Subject to the provisions of Section 2.10, the Loans comprising each Eurodollar Borrowing shall bear interest (computed on the basis of
the actual number of days elapsed over a year of

  

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360 days) at a rate per annum equal to (i) in the case of each Revolving Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in
effect from time to time and (ii) in the case of each Competitive Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Margin offered by the Lender making such Loan and accepted by the Borrower pursuant to
Section 2.03. 
 (c) Subject to the provisions of Section 2.10, each Fixed Rate Loan shall bear interest
(computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the fixed rate of interest offered by the Lender making such Loan and accepted by the Borrower pursuant to Section 2.03.

 (d) Interest on each Loan shall be payable on the Interest Payment Dates applicable to such Loan except as otherwise
provided in this Agreement. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate or the Eurodollar Reserve Requirements shall become effective as of the opening of business on the day on which such change
becomes effective. The applicable Alternate Base Rate or Eurodollar Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, and such determination shall be conclusive
absent manifest error. 
 SECTION 2.10. Default Interest. If the Borrower shall default in the payment of the principal of or
interest on any Loan or any other amount becoming due hereunder, by acceleration or otherwise, the Borrower shall on demand from time to time pay interest, to the extent permitted by law, on such defaulted amount to but excluding the date of actual
payment (after as well as before judgment) (a) in the case of overdue principal, at the rate otherwise applicable to such Loan pursuant to Section 2.09 plus 2.00% per annum and (b) in all other cases, at a rate per annum
(computed on the basis of the actual number of days elapsed over a year of 365 or 366 days equal to the sum of the Alternate Base Rate plus 2.00%. 
 SECTION 2.11. Alternate Interest. In the event, and on each occasion, that on the day two Business Days prior to the commencement of any Interest Period for a Eurodollar Borrowing the Administrative Agent shall have determined
that (a) Dollar deposits in the principal amounts of the Loans comprising such Borrowing are not generally available in the London interbank market, or (b) the rates at which such deposits are being offered will not adequately and fairly
reflect the cost to Lenders having Commitments representing at least 50% of the Total Commitment of making or maintaining Eurodollar Loans during such Interest Period, or (c) reasonable means do not exist for ascertaining the Eurodollar Rate,
the Administrative Agent shall, as soon as practicable thereafter, give written, telecopy or other electronic transmission notice of such determination to the Borrower and the Lenders. In the event of any such determination (other than any such
determination pursuant to clause (b) of the preceding sentence, to the extent the circumstances giving rise to such determination would also give Lenders the right to demand additional amounts pursuant to Section 2.15), until the
Administrative Agent shall have advised the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any request by the Borrower for a Eurodollar Revolving Credit Borrowing pursuant to Section 2.04
shall be deemed to be a request for an ABR Borrowing and (ii) any request by the Borrower for a Eurodollar Competitive Borrowing pursuant to Section 2.03 shall be of no force and effect and shall be denied by the Administrative Agent.
Each determination by the Administrative Agent hereunder shall be conclusive absent manifest error. 
 SECTION 2.12. Termination and
Reduction of Commitments. (a) The Commitments shall automatically terminate on the Termination Date. 
  

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 (b) Upon at least three Business Days’ prior irrevocable written, telecopy or
other written notice transmitted electronically (including in the form of a .pdf attachment) notice to the Administrative Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the
Commitments; provided, however, that (i) each partial reduction of the Commitments shall be in an integral multiple of $1,000,000 and in a minimum amount of $10,000,000 and (ii) the Total Commitment shall not be reduced to an
amount that is less than the sum of the Aggregate Revolving Credit Exposure and the aggregate outstanding principal amount of the Competitive Loans at the time. 
 (c) Each reduction in the Commitments hereunder shall be made ratably among the Lenders in accordance with their respective Commitments. The Borrower shall pay to the Administrative Agent for the
account of the applicable Lenders, on the date of each termination or reduction, the Facility Fees on the amount of the Commitments so terminated or reduced accrued to but excluding the date of such termination or reduction. 
 SECTION 2.13. Conversion and Continuation of Revolving Credit Borrowings. The Borrower shall have the right at any time upon prior irrevocable
notice to the Administrative Agent (a) not later than 10:30 a.m., New York City time, on the day of conversion, to convert any Eurodollar Borrowing denominated in Dollars into an ABR Borrowing, (b) not later than 10:30 a.m., New
York City time, three Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing denominated in Dollars or to continue any Eurodollar Borrowing as a Eurodollar Borrowing in the same currency for an
additional Interest Period, and (c) not later than 10:30 a.m., New York City time, three Business Days prior to expiration of the Interest Period with respect to any Eurodollar Borrowing to continue such Eurodollar Borrowing with a
permissible Interest Period, subject in each case to the following: 
 (i) each conversion or continuation shall
be made pro rata among the Lenders in accordance with the respective principal amounts of the Loans comprising the converted or continued Borrowing; 
 (ii) if less than all the outstanding principal amount of any Borrowing shall be converted or continued, then each resulting Borrowing shall satisfy the limitations specified in Sections 2.02(a) and
2.02(b) regarding the principal amount and maximum number of Borrowings of the relevant Type; 
 (iii) each
conversion shall be effected by each Lender by recording for the account of such Lender the new Loan of such Lender resulting from such conversion and reducing the Loan (or portion thereof) of such Lender being converted by an equivalent principal
amount; accrued interest on any Eurodollar Loan (or portion thereof) being converted shall be paid by the Borrower at the time of conversion; 
 (iv) if any Eurodollar Borrowing is converted at a time other than the end of the Interest Period applicable thereto, the Borrower shall pay, upon demand, any amounts due to the Lenders pursuant to
Section 2.17; 
 (v) any portion of a Borrowing maturing or required to be repaid in less than one month may
not be converted into or continued as a Eurodollar Borrowing; and 
 (vi) any portion of a Eurodollar Borrowing
that cannot be converted into or continued as a Eurodollar Borrowing by reason of the immediately preceding clause shall be automatically converted at the end of the Interest Period in effect for such Borrowing into an ABR Borrowing. 
  

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 Each notice pursuant to this Section 2.13 shall be irrevocable and shall refer to this
Agreement and specify (i) the identity and amount of the Borrowing that the Borrower requests be converted or continued, (ii) whether such Borrowing is to be converted into or continued as a Eurodollar Borrowing or an ABR Borrowing,
(iii) if such notice requests a conversion, the date of such conversion (which shall be a Business Day) and (iv) if such Borrowing is to be converted into or continued as a Eurodollar Borrowing, the Interest Period with respect thereto
(which may not end after the Maturity Date). If no Interest Period is specified in any such notice with respect to any conversion into or continuation as a Eurodollar Borrowing, the Borrower shall be deemed to have selected an Interest Period of one
month’s duration. The Administrative Agent shall advise the other Lenders of any notice given pursuant to this Section 2.13 and of each Lender’s portion of any converted or continued Borrowing. If the Borrower shall not have given
notice in accordance with this Section 2.13 to continue any Borrowing into a subsequent Interest Period (and shall not otherwise have given notice in accordance with this Section 2.13 to convert such Borrowing), such Borrowing shall, at
the end of the Interest Period applicable thereto (unless repaid pursuant to the terms hereof), automatically be continued into a new Interest Period as an ABR Borrowing. The Borrower shall not have the right to continue or convert the Interest
Period with respect to any Competitive Borrowing pursuant to this Section 2.13. 
 SECTION 2.14. Prepayment. (a) The
Borrower shall have the right at any time and from time to time to prepay any Borrowing (other than a Competitive Borrowing), in whole or in part, upon at least three Business Days’ prior written, telecopy or other written notice transmitted
electronically (including in the form of a .pdf attachment) (or telephone notice promptly confirmed by written, telecopy or other written notice transmitted electronically) to the Administrative Agent before 11:00 a.m., New York City time;
provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $10,000,000. The Borrower shall not have the right to prepay any Competitive Borrowing without the prior
written consent of the relevant Lender. 
 (b) In the event of any termination of the Commitments, the Borrower shall repay
or prepay all its outstanding Revolving Credit Borrowings on the date of such termination (other than any portion thereof that is converted into Term Loans in accordance with Section 2.06). In the event of any partial reduction of the
Commitments, then (i) at or prior to the effective date of such reduction, the Administrative Agent shall notify the Borrower and the Lenders of the Aggregate Revolving Credit Exposure and (ii) if the Aggregate Revolving Credit Exposure
would exceed the available Total Commitment after giving effect to such reduction, the Borrower shall, on the date of such reduction, repay or prepay Revolving Credit Borrowings in an amount sufficient to eliminate such excess. 
 (c) Each notice of prepayment shall specify the prepayment date and the principal amount of each Borrowing (or portion thereof) to be
prepaid, shall be irrevocable and shall commit the Borrower to prepay such Borrowing by the amount stated therein on the date stated therein. All prepayments under this Section 2.14 shall be subject to Section 2.17 but otherwise without
premium or penalty. All prepayments of Eurodollar Loans under this Section 2.14 shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment. 
 SECTION 2.15. Reserve Requirements; Change in Circumstances. (a) Notwithstanding any other provision of this Agreement, if after the date
of this Agreement the adoption of, or any change in, applicable law or regulation or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof (whether or not having the
force of law) shall impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of or credit extended by any Lender or shall impose on such

  

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Lender or the London interbank market any other condition affecting this Agreement or Eurodollar Loans or Fixed Rate Loans, and the result of any of the foregoing shall be to increase the cost to
such Lender of making or maintaining any Eurodollar Loan or Fixed Rate Loan, or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or otherwise) by an amount deemed by such Lender to be
material, then the Borrower will pay to such Lender upon demand such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 
 (b) If any Lender shall have determined that the adoption after the date hereof of any law, rule, regulation, agreement or guideline
regarding capital adequacy, or any change after the date hereof in any such law, rule, regulation, agreement or guideline (whether such law, rule, regulation, agreement or guideline has been adopted) or in the interpretation or administration
thereof by any Governmental Authority charged with the interpretation or administration thereof, or compliance by any Lender (or any lending office of such Lender) or any Lender’s holding company with any request or directive regarding capital
adequacy (whether or not having the force of law) of any Governmental Authority has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a
consequence of this Agreement or the Loans made by such Lender pursuant hereto to a level below that which such Lender or such Lender’s holding company could have achieved but for such applicability, adoption, change or compliance (taking into
consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy) by an amount deemed by such Lender to be material, then from time to time the Borrower shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company (including the calculation thereof) as specified in paragraph (a) or (b) above shall be delivered to
the Borrower and shall be conclusive absent manifest error. The Borrower shall pay to such Lender the amount shown as due on any such certificate delivered by it within 10 days after its receipt of the same. 
 (d) Failure or delay on the part of any Lender to demand compensation for any increased costs or reduction in amounts received or
receivable or reduction in return on capital shall not constitute a waiver of such Lender’s right to demand such compensation. The protection of this Section shall be available to each Lender regardless of any possible contention of the
invalidity or inapplicability of the law, rule, regulation, agreement, guideline or other change or condition that shall have occurred or been imposed. Notwithstanding any other provision of this Section, no Lender shall be entitled to demand
compensation hereunder in respect of any Competitive Loan if it shall have been aware of the event or circumstance giving rise to such demand at the time it submitted the Competitive Bid pursuant to which such Loan was made. 
 SECTION 2.16. Change in Legality. (a) Notwithstanding any other provision of this Agreement, if, after the date hereof, any
change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any Eurodollar Loan or to give effect
to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent: 
 (i) such Lender may declare that Eurodollar Loans will not thereafter (for the duration of such unlawfulness) be made by such Lender hereunder (or be continued for additional Interest Periods and ABR
Loans will not thereafter (for such duration) be converted into Eurodollar Loans), whereupon such Lender shall not submit a Competitive

  

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Bid in response to a request for a Eurodollar Competitive Loan and any request for a Eurodollar Borrowing (or to convert an ABR Borrowing to a Eurodollar Borrowing or to continue a Eurodollar
Borrowing for an additional Interest Period) shall, as to such Lender only, be deemed a request for an ABR Loan unless such declaration shall be subsequently withdrawn (or a request to continue an ABR Loan as such for an additional Interest Period
or to convert a Eurodollar Loan into an ABR Loan, as the case may be); and 
 (ii) such Lender may require that
all outstanding Eurodollar Loans made by it be converted to ABR Loans, in which event all such Eurodollar Loans shall be automatically converted to ABR Loans as of the effective date of such notice as provided in paragraph (b) below.

 In the event any Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal that would
otherwise have been applied to repay the Eurodollar Loans that would have been made by such Lender or the converted Eurodollar Loans of such Lender shall instead be applied to repay the ABR Loans made by such Lender in lieu of, or resulting from the
conversion of, such Eurodollar Loans. 
 (b) For purposes of this Section 2.16, a notice to the Borrower by any Lender
shall be effective as to each Eurodollar Loan made by such Lender, if lawful, on the last day of the Interest Period currently applicable to such Eurodollar Loan; in all other cases such notice shall be effective on the date of receipt by the
Borrower. 
 SECTION 2.17. Indemnity. The Borrower shall indemnify each Lender against any loss or expense that such Lender may
sustain or incur as a consequence of any event, other than a default by such Lender in the performance of its obligations hereunder or prepayment or conversion of any Fixed Rate Loan or Eurodollar Loan pursuant to Section 2.16, that results in
(i) such Lender receiving or being deemed to receive any amount on account of the principal of any Fixed Rate Loan or Eurodollar Loan prior to the end of the Interest Period in effect therefor, (ii) the conversion of any Eurodollar Loan to
an ABR Loan, or the conversion of the Interest Period with respect to any Eurodollar Loan, in each case prior to the end of the Interest Period in effect therefor or (iii) any Fixed Rate Loan or Eurodollar Loan to be made by such Lender
(including any Eurodollar Loan to be made pursuant to a conversion or continuation under Section 2.13) not being made after notice of such Loan shall have been given by the Borrower hereunder (any of the events referred to in this sentence
being called a “Breakage Event”); provided that the Borrower shall not be obligated to indemnify a Defaulting Lender that is not a Performing Lender for any such loss or expense (incurred while such Lender was a Defaulting
Lender) related to the prepayment or assignment of any Eurodollar Loans owed to such Defaulting Lender. In the case of any Breakage Event, such loss shall include an amount equal to the excess, as reasonably determined by such Lender, of
(i) its cost of obtaining funds for the Eurodollar Loan or Fixed Rate Loan that is the subject of such Breakage Event for the period from the date of such Breakage Event to the last day of the Interest Period in effect (or that would have been
in effect) for such Loan over (ii) the amount of interest likely to be realized by such Lender in redeploying the funds released or not utilized by reason of such Breakage Event for such period. A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this Section 2.17 shall be delivered to the Borrower and shall be conclusive absent manifest error. 
 SECTION 2.18. Pro Rata Treatment. (a) Except as provided in the two succeeding sentences with respect to Competitive Borrowings and as required under Section 2.16, each Borrowing,
each payment or prepayment of principal of any Borrowing, each payment of interest on the Loans, each payment of the Facility Fees, each reduction of the Commitments and each continuation or conversion of any Borrowing

  

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to a Borrowing of any Type shall be allocated pro rata among the Lenders in accordance with their respective Commitments (or, if such Commitments shall have expired or been terminated, in
accordance with the respective principal amounts of their outstanding Loans); provided that the Borrower shall not be obligated to pay any portion of the Facility Fees in respect of such Lender’s undrawn commitment with respect to any
period during which such Lender became a Defaulting Lender, unless such Lender remains a Performing Lender during such period. Each payment of principal of any Competitive Borrowing shall be allocated pro rata among the Lenders participating in such
Borrowing in accordance with the respective principal amounts of their outstanding Competitive Loans comprising such Borrowing. Each payment of interest on any Competitive Borrowing shall be allocated pro rata among the Lenders participating in such
Borrowing in accordance with the respective amounts of accrued and unpaid interest on their outstanding Competitive Loans comprising such Borrowing. For purposes of determining the available Commitments of the Lenders at any time, each outstanding
Competitive Borrowing shall be deemed to have utilized the Commitments of the Lenders (including those Lenders that shall not have made Loans as part of such Competitive Borrowing) pro rata in accordance with such respective Commitments. Each Lender
agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round each Lender’s percentage of such Borrowing to the next higher or lower whole Dollar amount.

 (b) Notwithstanding anything contained herein to the contrary, to the extent permitted by applicable law, until such time as
the Default Excess with respect to a Defaulting Lender shall have been reduced to zero, (i) any voluntary prepayment of the Revolving Loans shall be applied to such Loans of other Lenders, as if such Defaulting Lender had no Loans outstanding
and the Revolving Credit Exposure of such Defaulting Lender were zero, and (ii) any mandatory prepayment of the Revolving Loans shall be applied to such Loans of other Lenders (but not to the Loans of such Defaulting Lender) as if such
Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender, it being understood and agreed that the Borrower shall be entitled to retain any portion of any mandatory prepayment of the Loans that is not paid to such Defaulting Lender
solely as a result of the operation of the provisions of this clause (b). 
 SECTION 2.19. Sharing of Setoffs. Each Lender agrees
that if it shall, through the exercise of a right of banker’s lien, setoff or counterclaim against the Borrower, or pursuant to a secured claim under Section 506 of Title 11 of the United States Code or other security or interest
arising from, or in lieu of, such secured claim, received by such Lender under any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means, obtain payment (voluntary or involuntary) in respect of any Revolving Loan
or Term Loan as a result of which the unpaid principal portion of its Revolving Loans or Term Loans shall be proportionately less than the unpaid principal portion of the Revolving Loans or Term Loans, as applicable, of any other Lender, it shall be
deemed simultaneously to have purchased from such other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a participation in the Revolving Loans or Term Loans of such other Lender, so that the aggregate unpaid
principal amount of the Revolving Loans or Term Loans and participations in Revolving Loans or Term Loans held by each Lender shall be in the same proportion to the aggregate unpaid principal amount of all Revolving Loans or Term Loans then
outstanding as the principal amount of its Revolving Loans or Term Loans prior to such exercise of banker’s lien, setoff or counterclaim or other event was to the principal amount of all Revolving Loans or Term Loans outstanding prior to such
exercise of banker’s lien, setoff or counterclaim or other event; provided, however, that, if any such purchase or purchases or adjustments shall be made pursuant to this Section and the payment giving rise thereto shall
thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent of such recovery and the purchase price or prices or adjustment restored without interest. The Borrower expressly consents to the foregoing
arrangements and agrees that any Lender holding a participation in a Revolving Loan or Term

  

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Loan deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Borrower to such Lender by
reason thereof as fully as if such Lender had made a Revolving Loan or Term Loan directly to the Borrower in the amount of such participation. 
 SECTION 2.20. Payments. (a) The Borrower shall make each payment (including principal of or interest on any Borrowing or any Fees or other amounts) hereunder not later than 12:00 (noon), New York City time, on the date
when due (provided, that with respect to amounts other than principal of or interest on any Borrowing or any Facility Fees, such amounts shall be paid promptly and in any event within five Business Days of the date when due) in immediately
available funds in Dollars, without defense, setoff or counterclaim except to the extent provided in Section 2.18 with respect to Facility Fees owed to a Defaulting Lender. Each such payment shall be made to the Administrative Agent at its
offices at 1111 Fannin Street, Houston, Texas. 
 (b) Whenever any payment (including principal of or interest on any
Borrowing or any Fees or other amounts) hereunder shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be
included in the computation of interest or Fees, if applicable. 
 SECTION 2.21. Taxes. (a) Any and all payments by the
Borrower hereunder shall be made, in accordance with Section 2.20, free and clear of and without deduction for any and all current or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto,
excluding (i) income taxes imposed on the net income of the Administrative Agent or any Lender (or any transferee or assignee thereof, including a participation holder (any such entity a “Transferee”)) and (ii) franchise
taxes imposed on the net income of the Administrative Agent or any Lender (or Transferee), in each case by the jurisdiction under the laws of which the Administrative Agent or such Lender (or Transferee) is organized or any political subdivision
thereof (all such nonexcluded taxes, levies, imposts, deductions, charges, withholdings and liabilities, collectively or individually, being called “Taxes”), unless such withholdings or deductions are required by applicable law. If
the Borrower shall be required to deduct any Taxes from or in respect of any sum payable hereunder to the Administrative Agent or any Lender (or any Transferee), (i) the sum payable shall be increased by the amount (an “additional
amount”) necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 2.21) the Administrative Agent or such Lender (or Transferee), as the case may be, shall receive
an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance
with applicable law. 
 (b) In addition, the Borrower agrees to pay to the relevant Governmental Authority in accordance
with applicable law any current or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or from the execution, delivery or registration of, or otherwise with
respect to, this Agreement (“Other Taxes”). 
 (c) The Borrower will indemnify the Administrative Agent
and each Lender (or Transferee) for the full amount of Taxes and Other Taxes paid by the Administrative Agent or such Lender (or Transferee), as the case may be, and any liability (including penalties, interest and expenses (including reasonable
attorney’s fees and expenses)) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability prepared by the Administrative Agent or a Lender (or Transferee), or the Administrative Agent on its behalf, absent manifest error, shall be final, conclusive and binding for all purposes. Such indemnification shall be made within
30 days after the date the Administrative Agent or any Lender (or Transferee), as the case may be, makes written demand therefor. 
  

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 (d) If the Administrative Agent or a Lender (or Transferee) receives a refund in
respect of any Taxes or Other Taxes as to which it has been indemnified by the Borrower, or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.21, it shall within 30 days from the date of such receipt
pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.21 with respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of the Administrative Agent or such Lender (or Transferee) and without interest (other than interest paid by the relevant Governmental Authority with respect to such refund); provided, however, that the Borrower,
upon the request of the Administrative Agent or such Lender (or Transferee), shall repay the amount paid over to the Borrower (plus penalties, interest or other charges) to the Administrative Agent or such Lender (or Transferee) in the event the
Administrative Agent or such Lender (or Transferee) is required to repay such refund to such Governmental Authority. 
 (e) As soon as practicable after the date of any payment of Taxes or Other Taxes by the Borrower to the relevant Governmental Authority, the Borrower will deliver to the Administrative Agent, at its address referred to in
Section 9.01, the original or a certified copy of a receipt issued by such Governmental Authority evidencing payment thereof. 
 (f) Without prejudice to the survival of any other agreement contained herein, the agreements and obligations contained in this Section 2.21 shall survive the payment in full of the principal of and interest on all Loans made
hereunder. 
 (g) Each Lender (or Transferee) that is organized under the laws of a jurisdiction other than the United
States, any State thereof or the District of Columbia (a “Non-U.S. Lender”) shall deliver to each of the Borrower and the Administrative Agent two copies of either United States Internal Revenue Service Form W-8BEN or Form W-8ECI,
or, in the case of a Non-U.S. Lender claiming exemption from U.S. Federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest”, a Form W-8BEN, or any subsequent versions thereof
or successors thereto (and, if such Non-U.S. Lender delivers a Form W-8BEN, a certificate representing that such Non-U.S. Lender is not a bank for purposes of Section 881(c) of the Code, is not a 10-percent shareholder (within the
meaning of Section 871(h)(3)(B) of the Code) of the Borrower and is not a controlled foreign corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code)), properly completed and duly executed by such Non-U.S.
Lender claiming complete exemption from, or reduced rate of, U.S. Federal withholding tax on payments by the Borrower under this Agreement. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this
Agreement (or, in the case of a Transferee that is a participation holder, on or before the date such participation holder becomes a Transferee hereunder) and on or before the date, if any, such Non-U.S. Lender changes its applicable lending office
by designating a different lending office (a “New Lending Office”). In addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Non-U.S. Lender.
Notwithstanding any other provision of this Section 2.21(g), a Non-U.S. Lender shall not be required to deliver any form pursuant to this Section 2.21(g) that such Non-U.S. Lender is not legally able to deliver. 
 (h) The Borrower shall not be required to indemnify any Non-U.S. Lender or to pay any additional amounts to any Non-U.S. Lender, in respect
of United States Federal withholding tax pursuant to paragraph (a) or (c) above to the extent that (i) the obligation to withhold amounts with respect to United States Federal withholding tax existed under applicable laws and regulations on the date
such Non-U.S. Lender became a party to this Agreement (or, in the case of a Transferee that is a participation

  

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holder, on the date such participation holder became a Transferee hereunder) or, with respect to payments to a New Lending Office, the date such Non-U.S. Lender designated such New Lending Office
with respect to a Loan; provided, however, that this paragraph (h) shall not apply (x) to any Transferee or New Lending Office that becomes a Transferee or New Lending Office as a result of an assignment, participation,
transfer or designation made at the request of the Borrower and (y) to the extent the indemnity payment or additional amounts any Transferee, or any Lender (or Transferee), acting through a New Lending Office, would be entitled to receive
(without regard to this paragraph (h)) do not exceed the indemnity payment or additional amounts that the person making the assignment, participation or transfer to such Transferee, or Lender (or Transferee) making the designation of such New
Lending Office, would have been entitled to receive in the absence of such assignment, participation, transfer or designation or (ii) the obligation to pay such additional amounts would not have arisen but for a failure by such Non-U.S. Lender
to comply with the provisions of paragraph (g) above. 
 (i) Nothing contained in this Section 2.21 shall require
any Lender (or any Transferee) or the Administrative Agent to make available any of its tax returns (or any other information that it deems to be confidential or proprietary). 
 SECTION 2.22. Assignment of Commitments Under Certain Circumstances; Duty to Mitigate. (a) In the event (i) any Lender delivers a certificate requesting compensation pursuant to
Section 2.15, (ii) any Lender delivers a notice described in Section 2.16 or (iii) the Borrower is required to pay any additional amount to any Lender or any Governmental Authority on account of any Lender pursuant to
Section 2.21, the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to transfer and assign, without recourse (in accordance with and subject to the restrictions contained
in Section 9.04), all of its interests, rights and obligations under this Agreement to an assignee which shall assume such assigned obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that
(x) such assignment shall not conflict with any law, rule or regulation or order of any court or other Governmental Authority having jurisdiction, (y) the Borrower shall have received the prior written consent of the Administrative Agent,
which consent shall not unreasonably be withheld, and (z) the Borrower or such assignee shall have paid to the affected Lender in immediately available funds an amount equal to the sum of the principal of and interest accrued to the date of
such payment on the outstanding Loans of such Lender plus all Fees and other amounts accrued for the account of such Lender hereunder (including any amounts under Section 2.15 and Section 2.17); provided, further, that if prior to
any such transfer and assignment the circumstances or event that resulted in such Lender’s claim for compensation under Section 2.15 or notice under Section 2.16 or the amounts paid pursuant to Section 2.21, as the case may be,
cease to cause such Lender to suffer increased costs or reductions in amounts received or receivable or reduction in return on capital, or cease to have the consequences specified in Section 2.16, or cease to result in amounts being payable
under Section 2.21, as the case may be (including as a result of any action taken by such Lender pursuant to paragraph (b) below), or if such Lender shall waive its right to claim further compensation under Section 2.15 in respect of
such circumstances or event or shall withdraw its notice under Section 2.16 or shall waive its right to further payments under Section 2.21 in respect of such circumstances or event, as the case may be, then such Lender shall not
thereafter be required to make any such transfer and assignment hereunder. 
 (b) If (i) any Lender shall request
compensation under Section 2.15, (ii) any Lender delivers a notice described in Section 2.16 or (iii) the Borrower is required to pay any additional amount to any Lender or any Governmental Authority on account of any Lender,
pursuant to Section 2.21, then, such Lender shall use reasonable efforts (which shall not require such Lender to incur an unreimbursed loss or unreimbursed cost or expense or otherwise take any action inconsistent with its internal policies or
legal or regulatory restrictions or suffer any disadvantage or burden deemed by it to be significant) (x) to file any certificate or document reasonably requested in writing by the Borrower, or (y) to assign its rights and delegate and
transfer its obligations hereunder to another of its offices, branches or affiliates, if such

  

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filing or assignment would reduce its claims for compensation under Section 2.13 or enable it to withdraw its notice pursuant to Section 2.16 or would reduce amounts payable pursuant to
Section 2.21, as the case may be, in the future. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such filing, assignment, delegation and transfer. 
 (c) The Borrower shall be permitted to replace any Defaulting Lender with a replacement financial institution; provided that
(i) such replacement does not conflict with any requirement of law, (ii) no Event of Default shall have occurred and be continuing at the time of such replacement, (iii) the replacement financial institution shall purchase, at par, in
immediately available funds, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (iv) the replacement financial institution, if not already a Lender, shall be reasonably satisfactory to the
Administrative Agent, (v) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 9.04 (provided that the Borrower shall be obligated to pay the registration and processing fee
referred to therein) and (vi) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender. 
 SECTION 2.23. Borrowing Notices; Etc. Notwithstanding anything contained herein to the contrary, all notices to the Borrower with respect to any
Borrowings or similar administrative or operational notices shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy or other writing transmitted electronically (including in the form of a
..pdf attachment) at Waltham Woods, 870 Winter Street, Waltham, Massachusetts 02451-1449, Attention of Linda Hope, fax: 781-522-5832, email: linda_m_hope@raytheon.com; with copies to: Nathalie Alves, fax: 781-522-5832, email:
nathalie_alves@raytheon.com and Stephen J. Iglowski, fax: 781-522-5832, email: stephen_j_iglowski@raytheon.com. 
 ARTICLE III

 REPRESENTATIONS AND WARRANTIES 
 To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans, the Borrower represents and warrants to the Administrative Agent and each of the Lenders that:

 SECTION 3.01. Organization; Powers. The Borrower and each of the Significant Subsidiaries (a) is a corporation, limited
company or limited liability company duly organized, validly existing and in good standing (to the extent applicable) under the laws of the jurisdiction of its organization, incorporation or formation, (b) has all requisite power and authority
to own its property and assets and to carry on its business as now conducted and as proposed to be conducted and (c) is qualified to do business in, and is in good standing in (to the extent applicable), every jurisdiction where such
qualification is required, except where the failure so to qualify could not reasonably be expected to result in a Material Adverse Effect. The Borrower has the corporate power and authority to execute, deliver and perform its obligations under
this Agreement. Schedule 3.01 sets forth each Significant Subsidiary of the Borrower in existence on the Closing Date. 
 SECTION
3.02. Authorization. The execution, delivery and performance by each of the Borrower of this Agreement and the borrowings hereunder (collectively, the “Transactions”) (a) have been duly authorized by all requisite
corporate, and, if required, stockholder action, as the case may be, and (b) will not (i) violate (A) any applicable provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other
constitutive documents or by-laws of the Borrower or any Significant

  

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Subsidiary, (B) any order of any Governmental Authority or (C) any material provision of any material indenture, agreement or other instrument to which the Borrower or any Significant
Subsidiary is a party or by which any of them or any of their property is or may be bound, (ii) be in material conflict with, result in a material breach of or constitute (alone or with notice or lapse of time or both) a material default under,
or give rise to any right to accelerate or to require the prepayment, repurchase or redemption of any obligation under any such material indenture, agreement or other instrument or (iii) result in the creation or imposition of any Lien upon or
with respect to any property or assets now owned or hereafter acquired by the Borrower or any Significant Subsidiary. 
 SECTION
3.03. Enforceability. This Agreement has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except as such
enforcement may be limited by bankruptcy, insolvency or similar laws of general application relating to the enforcement of creditors’ rights and by general principles of equity. 
 SECTION 3.04. Governmental Approvals. No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with
the Transactions, except those which have been made or obtained. 
 SECTION 3.05. Financial Statements. The Borrower has heretofore
furnished to the Lenders the consolidated balance sheet, statement of income and statement of cash flows of the Borrower and its Subsidiaries as of and for the fiscal year ended December 31, 2008, audited by and accompanied by the opinion of
PricewaterhouseCoopers LLP, independent public accountants. Such financial statements present fairly the financial condition and results of operations of the Borrower and its Subsidiaries as of such date and for such period and were prepared in
accordance with GAAP applied on a consistent basis (except as disclosed therein). All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the
periods involved (except as disclosed therein). Such financial statements and the notes thereto, and Schedule 3.05, when taken together, disclose all material liabilities, direct or contingent, of the Borrower and its consolidated Subsidiaries as of
the date thereof. 
 SECTION 3.06. No Material Adverse Change. On and as of the Closing Date, there has been no material adverse
change in the business, assets, operations or condition, financial or otherwise, of the Borrower and the Subsidiaries, taken as a whole, since December 31, 2008. 
 SECTION 3.07. Litigation; Compliance with Laws. (a) Except as set forth on Schedule 3.07, on and as of the Closing Date there are not any actions, suits or proceedings at law or in
equity or by or before any Governmental Authority now pending or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary or any business, property or rights of any such person (i) that involve this
Agreement or the Transactions or (ii) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect. 
 (b) None of the Borrower or any of the Subsidiaries or any of their respective material properties or assets is
in violation of, nor will the continued operation of their material properties and assets as currently conducted violate, any law, rule or regulation, or is in default with respect to any judgment, writ, injunction, decree or order of any
Governmental Authority (including any of the foregoing relating to the environment), where such violation or default could reasonably be expected to result in a Material Adverse Effect. 
  

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 SECTION 3.08. Federal Reserve Regulations. (a) Neither the Borrower nor any of the
Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. 
 (b) No part of the proceeds of any Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately for any purpose that entails a violation of, or that is
inconsistent with, the provisions of the Regulations of the Board, including Regulation U or X. Margin Stocks do not constitute 25% or more of the fair market value of the assets of the Borrower and the Subsidiaries subject to the restrictions
of Section 6.01. 
 SECTION 3.09. Investment Company Act. Neither the Borrower nor any Subsidiary is an “investment
company”, or a company “controlled” by an “investment company”, as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended. 
 SECTION 3.10. Tax Returns. Each of the Borrower and the Subsidiaries has filed or caused to be filed all Federal and all material state, local and foreign tax returns or materials required to
have been filed by it and has paid or caused to be paid all taxes shown to be due and payable by it on such returns and all assessments received by it, except taxes that are being contested in good faith by appropriate proceedings and for which the
Borrower or such Subsidiaries, as applicable, shall have set aside on its books adequate reserves in accordance with GAAP. 
 SECTION
3.11. No Material Misstatements. Neither (a) the portions of the Confidential Information Memorandum prepared or furnished by the Borrower nor (b) any other information, report, financial statement, exhibit or schedule
furnished in writing by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or included herein or delivered pursuant hereto contained, contains or will contain any material
misstatement of fact or omitted, omits or will omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were, are or will be made, not misleading; provided that to the extent
any such information, report, financial statement, exhibit or schedule was based upon or constitutes a forecast or projection, the Borrower represents only that it acted in good faith and utilized reasonable assumptions and due care in the
preparation of such information, report, financial statement, exhibit or schedule. 
 SECTION 3.12. Employee Benefit Plans. Each of
the Borrower and its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the Code and the regulations and published interpretations thereunder. No ERISA Event has occurred or is reasonably expected
to occur that, when taken together with all other such ERISA Events, could reasonably be expected to result in a Material Adverse Effect. The present value of all benefits on an ERISA current liability basis under all Plans (based on those
assumptions used to fund each such Plan) did not, as of January 1, 2009, the last certified annual valuation date before the Closing Date, exceed the fair market value of the assets of all Plans by more than $2,800,000,000 as of such date, and
the present value of all benefits on an ERISA current liability basis of all underfunded Plans (based on those assumptions used to fund each such Plan) did not, as of the last certified annual valuation dates applicable thereto before the Closing
Date, exceed by more than $2,900,000,000 the fair market value of the assets of all such underfunded Plans as of such dates. Attached hereto as Schedule 4.12 is a list of all Foreign Plans, illustrating the Projected Benefit Obligations, Accumulated
Benefit Obligations and assets as of December 31, 2008 for the Foreign Plans as reported under US GAAP annual pension accounting requirements. 
 SECTION 3.13. No Default. Neither the Borrower nor any Subsidiary is in default under or with respect to any of its Contractual Obligations in any respect that has had or would reasonably be
expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 
  

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 SECTION 3.14. Ownership of Property; Liens; Insurance. The Borrower and each of its Significant
Subsidiaries has title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien except
as permitted by Section 6.01. The Borrower and each of its Subsidiaries maintains with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks (but including in
any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business, provided that nothing in this Section 3.14 shall
preclude the Borrower or any Subsidiary from being self-insured (to the extent deemed prudent by the Borrower or such Subsidiary and customary with companies in the same or similar business). 
 SECTION 3.15. Intellectual Property. The Borrower and each of its Subsidiaries owns, is licensed to use or otherwise has the right to use all
Intellectual Property necessary for the conduct of its business as currently conducted, except where the failure of the Borrower and its Subsidiaries to have any such rights has had or would reasonably be expected to have a Material Adverse Effect.
To the knowledge of the Borrower, no material claim that would reasonably be expected to have a Material Adverse Effect if adversely decided, has been asserted and is currently active and pending by any person (i) alleging that the business of
the Borrower or its Subsidiaries as currently conducted infringes the Intellectual Property rights of a third party or (ii) challenging or questioning the use of any Intellectual Property of the Borrower or its Subsidiaries or the validity or
effectiveness of any Intellectual Property of the Borrower or its Subsidiaries. Except for such activities as may be subject to authorization and consent pursuant to 28 U.S.C. Section 1498 or substantially equivalent law or regulation, to the
Borrower’s knowledge, the operation of the businesses of the Borrower and its Subsidiaries as currently conducted do not infringe any valid and enforceable Intellectual Property rights of any third party where a finding of such infringement
would reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.16. Labor Matters. Except as, in the aggregate, has not
had or would not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes against the Borrower or any of its Subsidiaries pending or, to the knowledge of the Borrower, threatened; (b) hours
worked by and payment made to employees of the Borrower and each of its Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable law or regulation dealing with such matters; and (c) all payments due from
the Borrower or any of its Subsidiaries on account of employee health and welfare insurance have been paid or accrued as a liability on the books of the Borrower or the relevant Subsidiary, as applicable. 
 SECTION 3.17. Environmental Matters. Except as, in the aggregate, has not had or would not reasonably be expected to have a Material Adverse
Effect: 
 (a) the facilities and properties owned, leased or operated by the Borrower or any Subsidiary (the
“Properties”) do not contain, and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute or constituted a violation of, or could give rise to
liability under, any Environmental Law; 
 (b) neither the Borrower nor any Subsidiary has received or is aware of any
notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business operated by the Borrower or any
Subsidiary (the “Business”), nor does any Responsible Officer of the Borrower have actual knowledge or a reasonable basis to believe that any such notice will be received or is being threatened; 
  

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 (c) Materials of Environmental Concern have not been transported or disposed of from
the Properties in violation of, or in a manner or to a location that could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any of the
Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law; 
 (d) no judicial proceeding or governmental or administrative action is pending or, to the knowledge of any Responsible Officer of the Borrower, threatened, under any Environmental Law to which the Borrower or any Subsidiary is or will
be named as a party with respect to the Properties or the Business, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any
Environmental Law with respect to the Properties or the Business; 
 (e) there has been no release or threat of release of
Materials of Environmental Concern at or from the Properties, or arising from or related to the operations of the Borrower or any Subsidiary in connection with the Properties or otherwise in connection with the Business, in violation of or in
amounts or in a manner that could give rise to liability under Environmental Laws; 
 (f) the Properties and all operations
at the Properties are in compliance, and have in the last five years been in compliance, with all applicable Environmental Laws, and there is no contamination at, under or about the Properties or violation of any Environmental Law with respect to
the Properties or the Business; and 
 (g) neither the Borrower nor any Subsidiary has assumed any liability of any other
person under Environmental Laws. 
 SECTION 3.18. Solvency. The Borrower is and after giving effect to the incurrence of all
Indebtedness and obligations being incurred in connection herewith will be and will continue to be, Solvent. 
 ARTICLE IV

 CONDITIONS OF EFFECTIVENESS AND LENDING 
 The obligations of the Lenders to make extensions of credit (including the initial extension of credit) hereunder are subject to the
satisfaction of the following conditions: 
 SECTION 4.01. All Borrowings. On the date of each extension of credit (other than, in
the case of paragraph (b) below, a Borrowing that does not increase the aggregate principal amount of Loans outstanding of any Lender) and on the date of any conversion of Revolving Loans to Term Loans: 
 (a) The Administrative Agent shall have received a notice of such Borrowing or conversion as required by Section 2.03, 2.04 or
2.06, as applicable. 
 (b) The applicable representations and warranties set forth in Article III shall be true and
correct in all material respects on and as of the date of such Borrowing, with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date. 
 (c) At the time of and immediately after such Borrowing no Event of Default or Default shall have occurred and be continuing.

  

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 Each Borrowing by the Borrower shall be deemed to constitute a representation and warranty by the Borrower
on the date of such Borrowing or issuance as to the matters specified in paragraphs (b) (except as aforesaid) and (c) of this Section 4.01. 
 SECTION 4.02. Effectiveness. On the date of effectiveness (which may or may not be the date of the initial extension of credit): 
 (a) Credit Agreement. The Administrative Agent shall have received (i) this Agreement, executed and delivered by the
Administrative Agent, the Borrower and each person listed on Schedule 2.01. 
 (b) Legal Opinions. The
Administrative Agent shall have received, on behalf of itself and the Lenders and the Agents, the favorable written opinions of (i) Jay B. Stephens, Senior Vice President, General Counsel and Secretary of the Borrower and (ii) Bingham
McCutchen LLP, special counsel for the Borrower with respect to the laws of the States of Delaware and New York, substantially to the effect set forth in Exhibits E and F, respectively, each (A) dated the date of the initial
Borrowing, (B) addressed to the Administrative Agent, the Lenders and the Agents, and (C) covering such other matters relating to this Agreement and the transactions contemplated hereby as the Administrative Agent may reasonably request,
and the Borrower hereby requests such counsel deliver such opinions. 
 (c) Legal Matters. All legal matters
incident to this Agreement, the Borrowings and extensions of credit hereunder shall be reasonably satisfactory to the Lenders and to Simpson Thacher & Bartlett LLP, counsel for the Administrative Agent. 
 (d) Closing Certificates. The Administrative Agent shall have received (i) a copy of the certificate of incorporation,
including all amendments thereto, of the Borrower, certified by the relevant authority of the jurisdiction of organization, and a certificate as to the good standing of the Borrower as of a recent date, from such relevant authority; (ii) a
certificate of the Secretary or Assistant Secretary of the Borrower, dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws of the Borrower as in effect on the Closing Date and at all times
since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of the Borrower authorizing the execution,
delivery and performance of this Agreement and the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate of incorporation of the Borrower has not
been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above, and (D) as to the incumbency and specimen signature of each officer executing this Agreement or any
other document delivered in connection herewith on behalf of the Borrower; and (iii) a certificate of another officer of the Borrower as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate
pursuant to (ii) above. 
 (e) Financial Officer’s Certificate. The Administrative Agent shall have
received (i) a certificate, dated the date of the initial Borrowing and signed by a Financial Officer of the Borrower, confirming compliance with the conditions precedent set forth in paragraphs (b) and (c) of Section 4.01 and
(ii) a Ratio Certificate, setting forth the calculations, in reasonable detail, required to determine compliance with all covenants set forth in Sections 6.05(a) and (b) on the Closing Date. 
 (f) Fees and Expenses. The Administrative Agent and the other Agents and their Affiliates shall have received all Fees and other
amounts due and payable pursuant to the terms hereof on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. 

 

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 (g) Termination of Existing Credit Agreement. On or before the Closing Date, the
Administrative Agent shall have received satisfactory evidence that the Borrower has paid the Loans (as defined under the Existing Credit Agreement), liabilities and other obligations under the Existing Credit Agreement in full and has terminated
the Commitments (as defined under the Existing Credit Agreement) thereunder. 
 (h) Representations and Warranties.
The applicable representations and warranties set forth in Article III shall be true and correct in all material respects on and as of the date of effectiveness, with the same effect as though made on and as of such date, except to the extent
such representations and warranties expressly relate to an earlier date. 
 (i) No Event of Default. On the Closing
Date and after giving effect to this Agreement, no Event of Default or Default shall have occurred and be continuing. 
 ARTICLE
V 
 AFFIRMATIVE COVENANTS 
 The Borrower covenants and agrees with each Lender that so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all
Fees and all other expenses or amounts payable under this Agreement shall have been paid in full, unless the Required Lenders shall otherwise consent in writing, the Borrower will, and will cause each of the Subsidiaries to: 
 SECTION 5.01. Existence; Businesses and Properties. In the case of the Borrower and the Significant Subsidiaries: 
 (a) do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and
franchises, except as otherwise expressly permitted under Section 6.03; 
 (b) comply in all material respects with
all applicable laws, rules, regulations and decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted; and at all times maintain, preserve and protect all property material to the conduct of its business; and

 (c) comply with all Contractual Obligations except to the extent that failure to comply therewith, in the aggregate, has
not had or would not reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.02. Insurance. Keep its insurable
properties adequately insured at all times by financially sound and reputable insurers; and maintain such other insurance, to such extent and against such risks, including fire and other risks insured against by extended coverage, as is customary
with companies in the same or similar businesses, provided that nothing in this Section 5.02 shall preclude the Borrower or any Subsidiary from being self-insured (to the extent deemed prudent by the Borrower or such Subsidiary and
customary with companies in the same or similar business). 
 SECTION 5.03. Payment of Obligations; Taxes. (a) Pay, discharge
or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations (which, with respect to payment obligations, shall be any obligation of $100,000,000 or greater) of whatever nature, except
where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and adequate reserves with respect thereto shall, to the extent required by GAAP, have been set aside; and 
  

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 (b) Pay and discharge promptly when due all material taxes, assessments and
governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies or otherwise that, if
unpaid, might give rise to a Lien upon such properties or any part thereof unless and to the extent the same are being contested in good faith by appropriate proceedings and adequate reserves with respect thereto shall, to the extent required by
GAAP, have been set aside. 
 SECTION 5.04. Financial Statements, Reports, etc. Furnish to the Administrative Agent and each Lender:

 (a) within 90 days after the end of each fiscal year, a consolidated balance sheet, statement of income and
statement of cash flows showing the financial condition and results of operations of the Borrower and its consolidated Subsidiaries as of and for the fiscal year then ended, all audited by PricewaterhouseCoopers LLP or other independent public
accountants of recognized national standing and accompanied by an opinion of such accountants (which shall not be qualified in any material respect) to the effect that such consolidated financial statements fairly present the financial condition and
results of operations of the Borrower and its consolidated Subsidiaries, as the case may be, on a consolidated basis in accordance with GAAP; provided, that documents required to be delivered under this clause (a) which are made
available on the internet via EDGAR, or any successor system of the Securities and Exchange Commission shall be deemed delivered; 
 (b) within 45 days after the end of each of the first three fiscal quarters of each fiscal year, a consolidated balance sheet, statement of income and statement of cash flows showing the financial condition and results of
operations of the Borrower and its consolidated Subsidiaries as of and for the fiscal quarter then ended and the then elapsed portion of the fiscal year, all certified by a Financial Officer of the Borrower as fairly presenting the financial
condition and results of operations of the Borrower, as the case may be, on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments; provided, that documents required to be delivered under this clause
(b) which are made available on the internet via EDGAR, or any successor system of the Securities and Exchange Commission shall be deemed delivered; 
 (c) concurrently with any delivery of financial statements under paragraph (a) or (b) above, (i) a Ratio Certificate and (ii) a certificate of a Financial Officer of the Borrower
certifying that no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto; 

(d) promptly, after their becoming available, copies of all financial statements, stockholders reports and proxy statements that the
Borrower shall have sent to its stockholders generally, and copies of all registration statements filed by the Borrower under the Securities Act of 1933, as amended (other than registration statements on Form S-8 or any registration statement filed
in connection with a dividend reinvestment plan), and regular and periodic reports, if any, which the Borrower shall have filed with the Securities and Exchange Commission (or any governmental agency or agencies substituted therefor) under
Section 13 or Section 15(d) of the Securities and Exchange Act of 1934, as amended, or with any national securities exchange (other than those on Form 11-K or any successor form); provided, that documents required to be delivered
under this clause (d) which are made available on the internet via EDGAR, or any successor system of the Securities and Exchange Commission shall be deemed delivered; and 
  

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 (e) promptly, from time to time, such other information regarding the Borrower or any
Significant Subsidiary (including the operations, business affairs and financial condition of the Borrower or any Significant Subsidiary), or compliance with the terms of this Agreement, as the Administrative Agent or any Lender may reasonably
request. 
 SECTION 5.05. Litigation and Other Notices. Promptly upon any Responsible Officer of the Borrower obtaining knowledge of
any of the following, furnish to the Administrative Agent and each Lender written notice of the following: 
 (a) any Event
of Default or Default, specifying the nature and extent thereof and the corrective action (if any) taken or proposed to be taken with respect thereto; 
 (b) the filing or commencement of, or any notice of intention of any person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental
Authority, against the Borrower or any Affiliate thereof that could reasonably be expected to result in a Material Adverse Effect or materially impair the Borrower’s ability to perform its obligations under this Agreement; 
 (c) any change in the ratings by S&P or Moody’s of the Index Debt; and 
 (d) any development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect. 
 SECTION 5.06. Employee Benefits. (a) Comply in all material respects with the applicable provisions of ERISA and the Code; (b) furnish
to the Administrative Agent and each Lender as soon as possible after, and in any event within 30 days after any Responsible Officer of the Borrower or any ERISA Affiliate knows that, any ERISA Event has occurred that, alone or together with any
other ERISA Event known to have occurred, could reasonably be expected to result in liability of the Borrower in an aggregate amount exceeding $100,000,000 in any year, a statement of a Financial Officer of the Borrower setting forth details as to
such ERISA Event and the action, if any, that the Borrower proposes to take with respect thereto; and (c) furnish to the Administrative Agent and each Lender within a reasonable period of time following receipt thereof, copies of any documents
involving a material change in liability described in Sections 101(k) or 101(l) of ERISA that Borrower or any ERISA Affiliate may request with respect to any Multiemployer Plan. 
 SECTION 5.07. Maintaining Records; Access to Properties and Inspections. Maintain financial records in accordance with GAAP and, upon reasonable notice, permit any representatives designated
by the Administrative Agent or any Lender to visit and inspect the financial records and the properties of the Borrower or any Significant Subsidiary during normal business hours and to discuss the affairs, finances and condition of the Borrower or
any Significant Subsidiary with the officers thereof and independent accountants therefor. 
 SECTION 5.08. Use of Proceeds. Use the
proceeds of the Loans only for the purposes set forth in the preamble to this Agreement. 
 SECTION 5.09. Environmental Laws. Except
as, in the aggregate, has not had or would not reasonably be expected to have a Material Adverse Effect: 
 (a) Comply in
all material respects with, and undertake all reasonable efforts to ensure compliance in all material respects by all tenants and subtenants, if any, with, all applicable Environmental Laws, and obtain and comply in all material respects with and
maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws. 
  

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 (b) Conduct and complete all investigations, studies, sampling and testing, and all
remedial, removal and other actions required under Environmental Laws and comply as required in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws. 
 ARTICLE VI 
 NEGATIVE COVENANTS 
 The Borrower covenants and agrees with each Lender that, so long as this Agreement
shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under this Agreement have been paid in full, unless the Required Lenders shall
otherwise consent in writing, the Borrower will not, and will not cause or permit any of the Subsidiaries to: 
 SECTION
6.01. Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including stock or other securities of any person, including any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or
rights in respect of any thereof, except: 
 (a) Liens on property or assets of the Borrower or any of its Subsidiaries
existing on the date hereof provided that, in the case of the Borrower, any such Lien securing Indebtedness for borrowed money in excess of $15,000,000 shall be set forth in Schedule 6.01; and provided further that all Liens permitted by
this paragraph (a) shall secure only those obligations which they secure on the date hereof; 
 (b) any Lien existing
on any property or asset prior to the acquisition thereof by the Borrower or any Subsidiary, provided that (i) such Lien is not created in contemplation of or in connection with such acquisition and (ii) such Lien does not apply to
any other property or assets of the Borrower or any Subsidiary; 
 (c) Liens for taxes not yet past due or which are being
contested in compliance with Section 5.03; 
 (d) carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business and securing obligations that are not due and payable or which are being contested in compliance with Section 5.03; 
 (e) pledges and deposits made in the ordinary course of business in compliance with workmen’s compensation, unemployment insurance
and other social security laws or regulations; 
 (f) deposits to secure the performance of bids, trade contracts (other
than for Indebtedness), leases (other than capital leases), statutory obligations, surety and appeal bonds, advance payment bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (g) zoning restrictions, easements, rights-of-way, restrictions on use of real property and other similar encumbrances incurred in the
ordinary course of business which, in the aggregate, are not substantial in amount and do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of the Borrower or any of its
Subsidiaries; 
  

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 (h) Liens upon any property acquired, constructed or improved by the Borrower or any
Subsidiary which are created or incurred within 360 days of such acquisition, construction or improvement to secure or provide for the payment of any part of the purchase price of such property or the cost of such construction or improvement,
including carrying costs (but no other amounts), provided that any such Lien shall not apply to any other property of the Borrower or any Subsidiary; 
 (i) Liens on the property or assets of any Subsidiary in favor of the Borrower; 
 (j) extensions, renewals and replacements of Liens referred to in paragraphs (a) through (i) of this Section 6.01, provided that any such extension, renewal or replacement Lien shall be limited to the property or
assets covered by the Lien extended, renewed or replaced and that the obligations secured by any such extension, renewal or replacement Lien shall be in an amount not greater than the amount of the obligations secured by the Lien extended, renewed
or replaced; 
 (k) any Lien of the type described in clause (c) of the definition of the term “Lien” on
securities imposed pursuant to an agreement entered into for the sale or disposition of such securities pending the closing of such sale or disposition; provided that such sale or disposition is otherwise permitted hereunder; 
 (l) Liens arising in connection with any Permitted Receivables Program (to the extent the sale by the Borrower or the applicable
Subsidiary of its accounts receivable is deemed to give rise to a Lien in favor of the purchaser thereof in such accounts receivable or the proceeds thereof); and 
 (m) Liens to secure Indebtedness if, immediately after the grant thereof, the aggregate amount of all Indebtedness secured by Liens that would not be permitted but for this clause (m), when
aggregated with the amount of Indebtedness permitted by Section 6.04(h), does not exceed the greater of (i) $750,000,000 or (ii) 15% of Consolidated Net Tangible Assets as shown on the most recent consolidated balance sheet delivered
pursuant to Section 3.05 or 5.04(a) or (b), as the case may be. 
 SECTION 6.02. Sale and Lease-Back Transactions. Enter into
any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease back such property;
provided, however, that the Borrower and the Subsidiaries may enter into any such transaction to the extent the Lien on any such property (if such transaction were treated as the incurrence of secured Indebtedness) would be permitted
by Section 6.01(m). 
 SECTION 6.03. Mergers, Consolidations and Sales of Assets. Merge into or consolidate with any other
person, or permit any other person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of, or permit the sale, transfer, lease or other disposition of (in one transaction or in a series of transactions) all or
substantially all of its assets, or agree to do any of the foregoing; provided, however, that any person may merge into or consolidate with the Borrower in a transaction in which the Borrower is the surviving corporation if no Event of
Default or Default shall have occurred and be continuing or would occur immediately after giving effect thereto. 
 SECTION
6.04. Subsidiary Indebtedness. Permit any Subsidiary to create, incur, assume or permit to exist any Indebtedness, except: 
 (a) Indebtedness existing on the date hereof and set forth in Schedule 6.04 and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; 
  

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 (b) Indebtedness issued to the Borrower or any other Subsidiary; 
 (c) Indebtedness incurred to finance the acquisition, construction or improvement of any fixed or capital assets, and extensions,
renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; provided that such Indebtedness is incurred prior to or within 90 days after such acquisition or the completion of such
construction or improvement; 
 (d) Indebtedness of any person that becomes a Subsidiary after the date hereof;
provided that such Indebtedness exists at the time such person becomes a Subsidiary and is not created in contemplation of or in connection with such person becoming a Subsidiary; 
 (e) Indebtedness as an account party in respect of trade letters of credit; 
 (f) Indebtedness arising in connection with any Permitted Receivables Program (to the extent the sale by the applicable Subsidiary of
its accounts receivable is deemed to be Indebtedness of such Subsidiary); 
 (g) performance, advance payment, warranty and
bid guarantees and other similar guarantees of payment (other than in respect of Indebtedness for borrowed money) made by a Subsidiary in the ordinary course of business; and 
 (h) other Indebtedness in an aggregate principal amount, when aggregated with the amount of all Indebtedness secured by Liens permitted
by Section 6.01(m), not exceeding the greater of (i) $750,000,000 or (ii) 15% of Consolidated Net Tangible Assets as shown on the most recent consolidated balance sheet delivered pursuant to Section 3.05 or 5.04(a) or (b), as the
case may be. 
 SECTION 6.05. Financial Covenants. (a) Debt to Capitalization. Permit Total Debt to exceed 50% of Total
Capitalization at any time. 
 (b) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio for any period of four consecutive fiscal quarters of the Borrower to be less than 3.0 to 1.0. 
 ARTICLE VII 

EVENTS OF DEFAULT 
 In case of the happening of any of the following events (“Events of Default”): 
 (a) any representation or warranty made or deemed made in or in connection with this Agreement or the borrowings hereunder, or any representation, warranty, statement or information contained in any
report, certificate, financial statement or other instrument furnished in connection with or pursuant to this Agreement, shall prove to have been false or misleading in any material respect when so made, deemed made or furnished; 
 (b) default shall be made in the payment of any principal of any Loan when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 
 (c) default shall be
made in the payment of any interest on any Loan or any Fee or any other amount (other than an amount referred to in (b) above) due under this Agreement, when and as the same shall become due and payable, and such default shall continue
unremedied for a period of five Business Days following notice thereof; 
  

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 (d) default shall be made in the due observance or performance by the Borrower or any
Subsidiary of any covenant, condition or agreement contained in Section 5.01(a), 5.05(a) or 5.08 or in Article VI; 
 (e) default shall be made in the due observance or performance by the Borrower or any Subsidiary of any covenant, condition or agreement contained in this Agreement (other than those specified in (b), (c) or (d) above) and
such default shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent or any Lender to the Borrower; 
 (f) the Borrower or any Significant Subsidiary shall (i) fail to pay any principal or interest, regardless of amount, due in respect of any Indebtedness (excluding guarantees, which are covered
by clause (ii) below) in a principal amount in excess of $100,000,000, when and as the same shall become due and payable, or (ii) fail to make any payment under any guarantee, if the aggregate amount of the guaranteed obligations is in
excess of $100,000,000, except to the extent the Borrower or such Subsidiary is contesting in good faith the requirement to make such payment, or (iii) fail to observe or perform any other term, covenant, condition or agreement contained in any
agreement or instrument evidencing or governing any such Indebtedness if the effect of any failure referred to in this clause (iii) is to cause such Indebtedness to become due prior to its stated maturity; 
 (g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking
(i) relief in respect of the Borrower or any Significant Subsidiary, or of a substantial part of the property or assets of the Borrower or a Significant Subsidiary, under Title 11 of the United States Code, as now constituted or hereafter
amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Significant
Subsidiary or for a substantial part of the property or assets of the Borrower or a Significant Subsidiary or (iii) the winding-up or liquidation of the Borrower or any Significant Subsidiary; and such proceeding or petition shall continue
undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
 (h) the
Borrower or any Significant Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or
foreign bankruptcy, insolvency, receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in (g) above, (iii) apply
for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Significant Subsidiary or for a substantial part of the property or assets of the Borrower or any Significant
Subsidiary, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability
or fail generally to pay its debts as they become due or (vii) take any action for the purpose of effecting any of the foregoing; 
 (i) one or more judgments for the payment of money in an aggregate amount in excess of $100,000,000 (to the extent not adequately covered by insurance as to which the insurance company has acknowledged coverage in writing) shall be
rendered against the Borrower, any Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by
a judgment creditor to levy upon assets or properties of the Borrower or any Subsidiary to enforce any such judgment; 
  

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 (j) an ERISA Event shall have occurred that, in the reasonable opinion of the Required
Lenders, when taken together with all other such ERISA Events that have occurred could reasonably be expected to result in a Material Adverse Effect; or 
 (k) there shall have occurred a Change in Control; 
 then, (A) and in every such event
(other than an event with respect to the Borrower described in paragraph (g) or (h) above), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by
notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate forthwith the Commitments and (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in
part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder, shall become forthwith due and payable,
without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein to the contrary notwithstanding; and (B) in any event with respect to the Borrower
described in paragraph (g) or (h) above, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the
Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein to the contrary
notwithstanding. 
 ARTICLE VIII 
 THE ADMINISTRATIVE AGENT 
 In order to expedite the transactions
contemplated by this Agreement, JPMorgan Chase Bank, N.A. is hereby appointed to act as Administrative Agent on behalf of the Lenders. Each of the Lenders and each assignee of any such Lender hereby irrevocably authorizes the Administrative Agent to
take such actions on behalf of such Lender or assignee and to exercise such powers as are specifically delegated to the Administrative Agent by the terms and provisions hereof, together with such actions and powers as are reasonably incidental
thereto. The Administrative Agent is hereby expressly authorized by the Lenders, without hereby limiting any implied authority, (a) to receive on behalf of the Lenders all payments of principal of and interest on the Loans and all other amounts
due to the Lenders hereunder, and promptly to distribute to each Lender its proper share of each payment so received; (b) to give notice on behalf of each of the Lenders to the Borrower of any Event of Default specified in this Agreement of
which the Administrative Agent has actual knowledge acquired in connection with its agency hereunder; and (c) to distribute to each Lender copies of all notices, financial statements and other materials delivered by the Borrower pursuant to
this Agreement as received by the Administrative Agent. 
 Neither the Administrative Agent nor any of its directors, officers,
employees or agents shall be liable as such for any action taken or omitted by any of them except for its or his own gross negligence or willful misconduct, or be responsible for any statement, warranty or representation herein or the contents of
any document delivered in connection herewith, or be required to ascertain or to make any inquiry concerning the performance or observance by the Borrower of any of the terms, conditions, covenants or agreements contained in this Agreement. The
Administrative Agent shall not be responsible to the Lenders for the due execution, genuineness, validity, enforceability or effectiveness of this Agreement or any other instruments or agreements. The Administrative Agent shall in all cases be fully
protected in acting, or refraining from acting, in accordance with written instructions signed by the Required Lenders (or, when expressly required hereunder, all the Lenders) and, except as otherwise specifically provided herein, such instructions
and any action or inaction pursuant thereto shall be binding on all the Lenders.

  

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The Administrative Agent shall, in the absence of knowledge to the contrary, be entitled to rely on any instrument or document believed by it in good faith to be genuine and correct and to have
been signed or sent by the proper person or persons. Neither the Administrative Agent nor any of its directors, officers, employees or agents shall have any responsibility to the Borrower on account of the failure of or delay in performance or
breach by any Lender of any of its obligations hereunder or to any Lender on account of the failure of or delay in performance or breach by any other Lender or the Borrower of any of their respective obligations hereunder or in connection herewith.
The Administrative Agent may execute any and all duties hereunder by or through agents or employees and shall be entitled to rely upon the advice of legal counsel selected by it with respect to all matters arising hereunder and shall not be liable
for any action taken or suffered in good faith by it in accordance with the advice of such counsel. 
 The Lenders hereby
acknowledge that the Administrative Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be requested in writing to do so by the Required Lenders.

 Subject to the appointment and acceptance of a successor Administrative Agent as provided below, the Administrative Agent may
resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right, with the consent of the Borrower (which consent shall not be unreasonably withheld), to appoint a successor. If no
successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on
behalf of the Lenders, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, having a combined capital and surplus of at least $500,000,000 or an Affiliate of any such bank. Upon the acceptance of any
appointment as Administrative Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall
be discharged from its duties and obligations hereunder. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or
omitted to be taken by it while it was acting as Administrative Agent. 
 With respect to the Loans made by it hereunder,
JPMorgan Chase Bank in its individual capacity and not as Administrative Agent shall have the same rights and powers as any other Lender and may exercise the same as though it were not the Administrative Agent, and the Administrative Agent and its
Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent. 
 Each Lender agrees (a) to reimburse the Administrative Agent, on demand, in the amount of its pro rata share (based on its Commitment
hereunder) of any expenses incurred for the benefit of the Lenders by the Administrative Agent, including counsel fees, that shall not have been reimbursed by the Borrower and (b) to indemnify and hold harmless the Administrative Agent and any
of its directors, officers, employees or agents, on demand, in the amount of such pro rata share, from and against any and all liabilities, taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on, incurred by or asserted against it in its capacity as the Administrative Agent or any of them in any way relating to or arising out of this Agreement or any action taken or
omitted by it or any of them under this Agreement, to the extent the same shall not have been reimbursed by the Borrower, provided that no Lender shall be liable to the Administrative Agent or any such other indemnified person for any portion
of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the gross negligence or willful misconduct of the Administrative Agent or any of its directors, officers,
employees or agents. 
  

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 Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any related agreement or any document furnished hereunder. Each Lender further acknowledges that (i) the Syndication Agent and the Documentation Agents have no duties or obligations as such under this Agreement and (ii) with
respect to its Loans made or renewed by it, the Syndication Agent and each Documentation Agent shall have the same rights and powers under this Agreement as any Lender and may exercise the same as though it were not an Agent, and the terms
“Lender” and “Lenders” shall include the Syndication Agent and each Documentation Agent in its individual capacity. 
 ARTICLE IX 
 MISCELLANEOUS 
 SECTION 9.01. Notices. Unless otherwise specified herein, notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service,
mailed by certified or registered mail or sent by telecopy or other writing transmitted electronically (including in the form of a .pdf attachment), as follows: 
 (a) if to the Borrower, at Waltham Woods, 870 Winter Street, Waltham, Massachusetts 02451-1449, Attention of Jay B. Stephens, Senior Vice President, General Counsel and Secretary (Telecopy
No. 781-522-6471; Email: jay_b_stephens@raytheon.com); with a copy to Richard A. Goglia, Vice President—Treasurer (Telecopy No. 781-522-5831; Email: richard_a_goglia@raytheon.com) at the same address; 
 (b) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., 1111 Fannin Street, Houston, Texas, Attention of Omar Jones (Telecopy
No. 713-750-2938; Phone No. 713-750-7912; Email omar.e.jones@jpmorgan.com), with a copy to JPMorgan Chase Bank, N.A., at 270 Park Avenue, New York, New York 10017, Attention of Anthony White (Telecopy No. 212-270-3279; Email:
anthony.w.white@jpmorgan.com); and 
 (c) if to a Lender, to it at its address (or telecopy number or email address) set
forth in Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender shall have become a party hereto. 
 All
notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service or sent by telecopy or other
writing transmitted electronically (including in the form of a .pdf attachment) or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as
provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01. 
 SECTION 9.02. Survival of Agreement. All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments prepared or delivered in
connection with or pursuant to this Agreement shall be considered to have been relied upon by the Lenders and shall survive the making by the Lenders of the Loans, regardless of any investigation made

  

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by the Lenders or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any Fee or any other amount payable under this
Agreement is outstanding and unpaid and so long as the Commitments have not been terminated. The provisions of Sections 2.15, 2.17, 2.21 and 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this
Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the invalidity or unenforceability of any term or provision of this Agreement, or any investigation made by or
on behalf of the Administrative Agent or any Lender. 
 SECTION 9.03. Binding Effect. This Agreement shall become effective when it
shall have been executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall
be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns. 
 SECTION
9.04. Successors and Assigns. (a) Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and
agreements by or on behalf of the Borrower, the Administrative Agent or the Lenders that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. 
 (b) Each Lender may assign to one or more assignees all or a portion of its interests, rights and obligations under this Agreement
(including all or a portion of its Commitment and the Loans at the time owing to it); provided, however, that (i) unless an Event of Default shall have occurred and be continuing or except in the case of an assignment to a Lender,
a Lender Affiliate or an Approved Fund, the Borrower must give its prior written consent to such assignment (which consent shall not be unreasonably withheld), (ii) unless a Competitive Loan is being assigned to a Lender, a Lender Affiliate or
an Approved Fund, the Administrative Agent must give its prior written consent (which consent shall not be unreasonably withheld), (iii) unless the Borrower and the Administrative Agent shall otherwise agree to a lower dollar amount, the amount
of the Commitment of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be less than $10,000,000 (or the
entire remaining amount of the assigning Lender’s Commitment), (iv) the parties to each such assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of
$3,500 from an assignee (except as provided in Section 2.22(c)(v)) and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. Upon acceptance and recording pursuant to
paragraph (e) of this Section 9.04, from and after the effective date specified in each Assignment and Acceptance, which effective date shall be at least five Business Days after the execution thereof, (A) the assignee thereunder
shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement and (B) the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.17, 2.21 and 9.05, as well as to any Fees accrued for its account and not yet paid). Any assignment by a Lender of
rights and/or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and/or obligations, as the case may be, in accordance
with paragraph (f) of this Section 9.04. For the purposes of this Section 9.04, “Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans
and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) a Lender Affiliate or (c) an entity or an affiliate of an entity that administers or manages a Lender.

  

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 (c) By executing and delivering an Assignment and Acceptance, the assigning Lender
thereunder and the assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (i) such assigning Lender warrants that it is the legal and beneficial owner of the interest being
assigned thereby free and clear of any adverse claim and that its Commitment, and the outstanding balances of its Revolving Loans and Competitive Loans, in each case without giving effect to assignments thereof which have not become effective, are
as set forth in such Assignment and Acceptance, (ii) except as set forth in (i) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations
made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto, or the financial condition of the
Borrower or any Subsidiary or the performance or observance by the Borrower or any Subsidiary of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee represents and
warrants that it is legally authorized to enter into such Assignment and Acceptance; (iv) such assignee confirms that it has received a copy of this Agreement, together with copies of the most recent financial statements referred to in
Section 3.05 or delivered pursuant to Section 5.04 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (v) such assignee will
independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement; (vi) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent
by the terms hereof, together with such powers as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Agreement are required to be
performed by it as a Lender. 
 (d) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices in The City of New York a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans
owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The Borrower, the Administrative Agent and the Lenders may treat each person whose name is recorded in the Register pursuant to the terms hereof
as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary, and such entries in the Register shall be conclusive absent manifest error. The Register shall be available for inspection by the Borrower and any
Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (e) Upon its receipt of a duly
completed Assignment and Acceptance executed by an assigning Lender and an assignee, an Administrative Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation fee
referred to in paragraph (b) above and, if required, the written consent of the Borrower and the Administrative Agent to such assignment, the Administrative Agent shall (i) accept such Assignment and Acceptance, (ii) record the
information contained therein in the Register and (iii) give prompt notice thereof to the Lenders and the Borrower. No assignment shall be effective unless it has been recorded in the Register as provided in this paragraph (e). 

(f) Each Lender may without the consent of the Borrower or the Administrative Agent sell participations to one or more banks or
other entities in all or a portion of its rights and/or obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided,

  

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however, that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations, (iii) the participating banks or other entities shall be entitled to the benefit of the cost protection provisions contained in Sections 2.15, 2.17 and 2.21 (and shall have the duty to mitigate under
Section 2.22) to the same extent as if they were Lenders (provided that unless such participation was consented to by the Borrower, each participating bank or other entity shall only be entitled to the benefit of the cost protection
provisions contained in Sections 2.15, 2.17 and 2.21 to the same extent as its participating Lender) and (iv) the Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement, and such Lender shall retain the sole right to enforce the obligations of the Borrower relating to the Loans and to approve any amendment, modification or waiver of any provision
of this Agreement (other than amendments, modifications or waivers decreasing any fees payable hereunder or the amount of principal of or the rate at which interest is payable on the Loans, extending any scheduled principal payment date or date
fixed for the payment of interest on the Loans or increasing or extending the Commitments). 
 (g) Any Lender or
participant may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.04, disclose to the assignee or participant or proposed assignee or participant any information relating to
the Borrower furnished to such Lender by or on behalf of the Borrower; provided that, prior to any such disclosure of information designated by the Borrower as confidential, “Company Private”, “Raytheon Private” or
“Proprietary”, each such assignee or participant or proposed assignee or participant shall execute an agreement whereby such assignee or participant shall agree (subject to customary exceptions) to preserve the confidentiality of such
confidential information on terms no less restrictive than those applicable to the Lenders pursuant to Section 9.16. 
 (h) Any Lender may at any time assign all or any portion of its rights under this Agreement to a Federal Reserve Bank without the consent of the Borrower or the Administrative Agent to secure extensions of credit by such Federal
Reserve Bank to such Lender; provided that no such assignment shall release a Lender from any of its obligations hereunder or substitute any such Bank for such Lender as a party hereto. In order to facilitate such an assignment to a Federal
Reserve Bank, the Borrower shall, at the request of the assigning Lender, duly execute and deliver to the assigning Lender a promissory note or notes evidencing the Loans made to the Borrower by the assigning Lender hereunder. 
 (i) The Borrower shall not assign or delegate any of its rights or duties hereunder without the prior written consent of the
Administrative Agent and each Lender, and any attempted assignment without such consent shall be null and void. 
 (j) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”) of such Granting Lender, identified as such in
writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrower pursuant
to Section 2.01 or 2.03(e), provided that (i) nothing herein shall constitute a commitment to make any Loan by any SPC and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such
Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender (and, if such Loan is a Competitive Loan, shall be deemed to
utilize the Commitments of all the Lenders) to the same extent, and as if, such Loan were made by the Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for any indemnity or similar payment obligation under this Agreement
(all liability for which shall remain with the related Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and
one

  

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day after the payment in full of all outstanding senior indebtedness of any SPC, it will not institute against, or join any other person in instituting against, such SPC any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings or similar proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 9.04 or in
Section 9.16, any SPC may (i) with notice to, but without the prior written consent of, the Borrower or the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to its
Granting Lender or to any financial institutions providing liquidity and/or credit facilities to or for the account of such SPC to fund the Loans made by such SPC or to support the securities (if any) issued by such SPC to fund such Loans and
(ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of a surety, guarantee or credit or liquidity enhancement to such SPC. 
 (k) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on
which it enters the name and address of each Participant and the principal amounts (and stated interest) of each participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”). The
entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. 
 SECTION 9.05. Expenses; Indemnity. (a) The Borrower agrees (i) to pay all
reasonable out-of-pocket expenses incurred by the Agents and the Arrangers in connection with the syndication of the credit facilities provided for herein and the preparation and administration of this Agreement or in connection with any amendments,
modifications or waivers of the provisions hereof (whether or not the transactions hereby or thereby contemplated shall be consummated), including the reasonable fees, charges and disbursements of Simpson Thacher & Bartlett LLP, counsel for
the Agents and (ii) to pay all out-of-pocket expenses incurred by any Agent, either Arranger or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement or in connection with the Loans made
hereunder, including the fees, charges and disbursements of Simpson Thacher & Bartlett LLP, counsel for the Agents, and, in connection with any such enforcement or protection, the fees, charges and disbursements of any other counsel for any
Agent or any Lender. The Borrower shall not be obligated to reimburse out-of-pocket legal expenses pursuant to the preceding sentence for more than one law firm for the Agents incurred in connection with the preparation of this Agreement or in
connection with any particular amendment, modification or waiver of the provisions hereof. 
 (b) The Borrower agrees to
indemnify each Agent, each Arranger and each Lender, each Affiliate of any of the foregoing persons and each of their respective directors, officers, employees, advisors and agents (each such person being called an “Indemnitee”)
against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of,
in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the
consummation of the Transactions and the other transactions contemplated hereby, (ii) the use of the proceeds of the Loans or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses result from the gross negligence or willful misconduct
of such Indemnitee. 
 (c) The provisions of this Section 9.05 shall remain operative and in full force and effect
regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the

  

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invalidity or unenforceability of any term or provision of this Agreement, or any investigation made by or on behalf of any Agent or any Lender. All amounts due under this Section 9.05 shall
be payable on written demand therefor. 
 SECTION 9.06. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other
indebtedness at any time owing by such Lender or any affiliate, branch or agency thereof to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held
by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies
(including other rights of setoff) which such Lender may have. 
 SECTION 9.07. APPLICABLE LAW.
THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 9.08. Waivers;
Amendment. (a) No failure or delay of the Administrative Agent or any Lender in exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder are
cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on the Borrower in any case shall entitle the Borrower to any other or
further notice or demand in similar or other circumstances. 
 (b) Neither this Agreement nor any provision hereof may be
waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders; provided, however, that no such agreement shall (i) decrease the principal amount of, or
extend the maturity of or any scheduled principal payment date or date for the payment of any interest on any Loan or the payment of any Facility Fee, or waive or excuse any such payment or any part thereof, or decrease the rate of interest on any
Loan, without the prior written consent of each Lender affected thereby, (ii) change or extend the Commitment or decrease the Facility Fees of any Lender without the prior written consent of such Lender, (iii) amend or modify the
provisions of Section 2.18, the provisions of Section 9.04(i), the provisions of this Section or the definition of the term “Required Lenders”, without the prior written consent of each Lender; provided further that no
such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent. 
 (c) Notwithstanding Section 9.08(b), the Commitments of any Defaulting Lender that is not a Performing Lender shall be disregarded
for all purposes of any determination of whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 9.08(b)), provided that any waiver, amendment or
modification requiring the consent of all Lenders or each affected Lender that affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender; and provided further that the
Commitment of a Defaulting Lender may not be increased without the consent of such Defaulting Lender. 
  

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 SECTION 9.09. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at
any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate
(the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with
all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section
shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender. 
 SECTION 9.10. Entire Agreement. This Agreement
and the Fee Letters constitute the entire contract among the parties relative to the subject matter hereof. Any other previous agreement among the parties with respect to the subject matter hereof is superseded by this Agreement. Nothing in this
Agreement, expressed or implied, is intended to confer upon any party other than the parties hereto and thereto any rights, remedies, obligations or liabilities under or by reason of this Agreement. 
 SECTION 9.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11. 
 SECTION
9.12. Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions
contained herein and therein shall not in any way be affected or impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 9.13. Counterparts. This
Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as
provided in Section 9.03. Delivery of an executed signature page to this Agreement by facsimile or electronic transmission (including in the form of a .pdf attachment) shall be effective as delivery of a manually signed counterpart of this
Agreement. 
 SECTION 9.14. Headings. Article and Section headings and the Table of Contents used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 9.15. Jurisdiction; Consent to Service of Process. (a) The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction
of any New York

  

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State court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such
New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto 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. Nothing in this Agreement shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against the Borrower or its
properties in the courts of any jurisdiction. 
 (b) The Borrower hereby irrevocably and unconditionally 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 Agreement in any New York State or Federal court.
Each of the parties hereto hereby irrevocably 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. 
 (c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01.
Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 (d) The Administrative Agent, each Lender and the Borrower hereby irrevocably and unconditionally waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred
to in this Section any special, exemplary, punitive or consequential damages. 
 SECTION 9.16. Confidentiality. The Administrative
Agent and each of the Lenders agrees to keep confidential (and to use its best efforts to cause its respective agents and representatives to keep confidential) the Information (as defined below) and all copies thereof, extracts therefrom and
analyses or other materials based thereon, except that the Administrative Agent, any Lender or any Lender Affiliate shall be permitted to disclose Information (a) to such of its respective officers, directors, employees, agents, affiliates and
representatives as need to know such Information, (b) to the extent requested by any regulatory authority or examining authority, (c) to the extent otherwise required by applicable laws and regulations or by any subpoena or similar legal
process, (d) in connection with any suit, action or proceeding relating to the enforcement of its rights hereunder, (e) to the extent permitted by Section 9.04(g), or (f) to the extent such Information (i) becomes publicly
available other than as a result of a breach of this Agreement or (ii) becomes available to the Administrative Agent or any Lender on a non-confidential basis from a source other than the Borrower. For the purposes of this Section,
“Information” shall mean all financial statements, certificates, reports, agreements and information (including all analyses, compilations and studies prepared by the Administrative Agent or any Lender based on any of the foregoing) that
are received from the Borrower or any Subsidiary and related to the Borrower, any Subsidiary or any employee, customer or supplier of the Borrower, other than any of the foregoing that were available to the Administrative Agent or any Lender on a
non-confidential basis prior to its disclosure thereto by the Borrower, and which are in the case of Information provided after the date hereof, clearly identified at the time of delivery as confidential, “Company Private” or
“Proprietary”. The provisions of this Section 9.16 shall remain operative and in full force and effect regardless of the expiration and term of this Agreement. 
 SECTION 9.17. Waiver and Consent of the Existing Credit Agreement. Each Lender which is a Lender (as defined under the Existing Credit Agreement) under the Existing Credit Agreement hereby
(i) waives

  

 51 








 
the requirement of Sections 2.10 and 2.12 of the Existing Credit Agreement that termination of Commitments (as defined under the Existing Credit Agreement) and prepayments of Loans (as defined
under the Existing Credit Agreement), respectively, may only be made upon at least three Business Days’ prior irrevocable written notice and (ii) consents to the Borrower prepaying the Loans (as defined under the Existing Credit Agreement)
and terminating the Commitments (as defined under the Existing Credit Agreement) under the Existing Credit Agreement on the date of effectiveness of this Agreement. 
 SECTION 9.18. USA PATRIOT ACT. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the
Borrower in accordance with the Act. 
 SECTION 9.19. Defaulting Lenders. Notwithstanding anything to the contrary contained herein,
the rights and remedies against a Defaulting Lender hereunder are in addition to other rights and remedies which the Borrower may have against such Defaulting Lender with respect to such Defaulting Lender’s failure to fund any portion of its
Loans required to be funded by it hereunder, and which the Administrative Agent or any Lender may have against such Defaulting Lender with respect to any such failure. 
 [Remainder of page left blank intentionally; Signature page to follow.] 
  

 52 








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

					
	 RAYTHEON COMPANY,
 as the Borrower

		
	By:	 	 /s/ Richard A. Goglia

		 	Name:	 	Richard A. Goglia
		 	Title:	 	Vice President—Treasurer
	
	 JPMORGAN CHASE BANK, N.A.,
 as a Lender and as Administrative Agent

		
	By:	 	 /s/ Anthony W. White

		 	Name:	 	Anthony W. White
		 	Title:	 	Vice President
	
	 BANK OF AMERICA, N.A.,
 as Syndication Agent and as a Lender

		
	By:	 	 /s/ Kenneth J. Beck

		 	Name:	 	Kenneth J. Beck
		 	Title:	 	SVP


 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 








					
	 CITIBANK, N.A.,

	 as Documentation Agent and as a Lender

		
	 By:
	 	 /s/ Brian Reed

		 	 Name:
	 	 Brian Reed

		 	 Title:
	 	 Director

	
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
 as Documentation Agent and as a Lender

		
	 By:
	 	 /s/ Karl M. Struder

		 	 Name:
	 	 Karl M. Struder

		 	 Title:
	 	 Director



 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 








					
	The Bank of Tokyo-Mitsubishi UFJ, Ltd
		
	By:	 	 /s/ Maria Iarriccio

		 	Name:	 	Maria Iarriccio
		 	Title:	 	Authorized Signatory


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	MORGAN STANLEY BANK, N.A.
		
	By:	 	 /s/ James E. Bonetti

		 	Name:	 	James E. Bonetti
		 	Title:	 	Authorized Signatory


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	Wells Fargo Bank, N.A.
		
	By:	 	 /s/ Donald Schwartz

		 	Name:	 	Donald Schwartz
		 	Title:	 	Senior Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	Societe Generale
		
	By:	 	 /s/ Milissa A. Goeden

		 	Name:	 	MILISSA A. GOEDEN
		 	Title:	 	DIRECTOR


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	BNP Paribas
		
	By:	 	 /s/ Richard Pace

		 	Name:	 	RICHARD PACE
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Nanette Baudon

		 	Name:	 	NANETTE BAUDON
		 	Title:	 	Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	UBS Loan Finance LLC
		
	By:	 	 /s/ Irja R. Otsa

		 	Name:	 	Irja R. Otsa
		 	Title:	 	Associate Director
		
	By:	 	 /s/ Marie Haddad

		 	Name:	 	Marie Haddad
		 	Title:	 	Associate Director


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	THE ROYAL BANK OF SCOTLAND PLC
		
	By:	 	 /s/ L. Peter Yetman

		 	Name:	 	L. Peter Yetman
		 	Title:	 	Senior Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	CALYON NEW YORK BRANCH
		
	By:	 	 /s/ Michael Madnick

		 	Name:	 	Michael Madnick
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Yuri Muzichenko

		 	Name:	 	Yuri Muzichenko
		 	Title:	 	Director


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	The Bank of New York Mellon
		
	By:	 	 /s/ Kenneth P. Sneider, Jr.

		 	Name:	 	Kenneth P. Sneider, Jr.
		 	Title:	 	Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	Australia and New Zealand Banking Group Limited
		
	By:	 	 /s/ John W. Wade

		 	Name:	 	John W. Wade
		 	Title:	 	Deputy General Manager
		 		 	Head of Operations and Infrastructure


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	The Bank of Nova Scotia
		
	By:	 	 /s/ Brian Allen

		 	Name:	 	Brian Allen
		 	Title:	 	Managing Director


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









			
	Lloyds TSB Bank plc
		
	By:	 	 /s/ Windsor Davies

		 	Name: Windsor Davies
		 	Title: Managing Director
	
	Lloyds TSB Bank plc
		
	By:	 	 /s/ Russell Protti

		 	Name: Russell Protti
		 	Title: Senior Vice President


 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 








			
	COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES
		
	By:	 	 /s/ Robert S. Taylor Jr

		 	Name: Robert S. Taylor Jr
		 	Title: Senior Vice President
		
	By:	 	 /s/ Sandy Bau

		 	Name: Sandy Bau
		 	Title: Assistant Treasurer


 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 








			
	Intesa Sanpaolo S.p.A.
		
	By:	 	 /s/ Luca Sacchi

		 	Name: Luca Sacchi
		 	Title: VP
		
	By:	 	 /s/ Robert Wurster

		 	Name: Robert Wurster
		 	Title: SVP


 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 








					
	Sumitomo Mitsui Banking Corporation
		
	By:	 	 /s/ William M. Ginn

		 	Name:	 	William M. Ginn
		 	Title:	 	Executive Officer


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	Credit Industriel et Commercial
		
	By:	 	 /s/ Albert M. Calo

		 	Name:	 	Albert M. Calo
		 	Title:	 	Vice President
		
	By:	 	 /s/ Eric Longuet

		 	Name:	 	Eric Longuet
		 	Title:	 	Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	Sovereign Bank
		
	By:	 	 /s/ Jorge Schwarz

		 	Name:	 	Jorge Schwarz
		 	Title:	 	Senior Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	U.S. Bank N.A.
		
	By:	 	 /s/ Michael P. Dickman

		 	Name:	 	Michael P. Dickman
		 	Title:	 	Vice President
		 		 	U.S. Bank, N.A.


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	Abu Dhabi International Bank Inc.
		
	By:	 	 /s/ David J. Young

		 	Name:	 	David J. Young
		 	Title:	 	Vice President
		
	By:	 	 /s/ Pamela M. Sigda

		 	Name:	 	Pamela M. Sigda
		 	Title:	 	Senior Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	Riyad Bank, Houston Agency
		
	By:	 	 /s/ Paul N. Travis

		 	Name:	 	Paul N. Travis
		 	Title:	 	Vice President & Head of Corporate Finance
		
	By:	 	 /s/ Richard P. Zimpfer, II

		 	Name:	 	Richard P. Zimpfer, II
		 	Title:	 	Vice President & Controller


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT 









					
	The Northern Trust Company
		
	By:	 	 /s/ Tamara M. Dowd

		 	Name:	 	Tamara M. Dowd
		 	Title:	 	Vice President


  

 SIGNATURE PAGE – RAYTHEON 364-DAY CREDIT AGREEMENT