EX-4.1



 Exhibit 4.1 

 
  
 AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of 

July 28, 2011 
 Among 
 ABERCROMBIE & FITCH MANAGEMENT CO. 

THE FOREIGN SUBSIDIARY BORROWERS PARTY HERETO, 
 as Borrowers, 
 ABERCROMBIE & FITCH CO., 

as Parent 
 THE LENDING INSTITUTIONS NAMED HEREIN, 
 as Lenders,

 PNC BANK, NATIONAL ASSOCIATION, 
 as an LC Issuer, the Swing Line Lender and as 
 Global Agent

 PNC CAPITAL MARKETS LLC, 
 as Co-Lead Arranger and Co-Bookrunner 
 JPMORGAN CHASE BANK, N.A.,

 as Syndication Agent 
 J.P. MORGAN SECURITIES, LLC, 
 as a Co-Lead Arranger and Syndication
Agent 
 FIFTH THIRD BANK, 
 as a Co-Documentation Agent 
 THE HUNTINGTON NATIONAL BANK,

 as a Co-Documentation Agent 
 $350,000,000 Revolving Facility 
  

 







 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I    DEFINITIONS
	  	 	1	  
	 Section 1.01
	  	Defined Terms	  	 	1	  
	 Section 1.02
	  	Computation of Time Periods	  	 	32	  
	 Section 1.03
	  	Terms Generally	  	 	32	  
	 Section 1.04
	  	Accounting Terms; GAAP	  	 	32	  
	 Section 1.05
	  	Currency Equivalents	  	 	33	  
	 ARTICLE II    THE TERMS OF THE CREDIT FACILITY
	  	 	33	  
	 Section 2.01
	  	Establishment of the Credit Facility	  	 	33	  
	 Section 2.02
	  	Revolving Facility	  	 	33	  
	 Section 2.03
	  	Canadian Sub-Facility	  	 	34	  
	 Section 2.04
	  	Swing Line Facility	  	 	34	  
	 Section 2.05
	  	Revolving Facility Letters of Credit	  	 	36	  
	 Section 2.06
	  	Notice of Borrowing	  	 	41	  
	 Section 2.07
	  	Funding Obligations; Disbursement of Funds	  	 	42	  
	 Section 2.08
	  	Evidence of Obligations	  	 	43	  
	 Section 2.09
	  	Interest; Default Rate; Mandatory Cost	  	 	44	  
	 Section 2.10
	  	Conversion and Continuation of Loans	  	 	46	  
	 Section 2.11
	  	Fees	  	 	47	  
	 Section 2.12
	  	Termination and Reduction of Commitments	  	 	48	  
	 Section 2.13
	  	Payments and Prepayments of Loans	  	 	49	  
	 Section 2.14
	  	Method and Place of Payment	  	 	50	  
	 Section 2.15
	  	Authority of Company; Liability of Foreign Subsidiary Borrowers	  	 	51	  
	 Section 2.16
	  	Eligibility and Addition/Release of Foreign Subsidiary Borrowers	  	 	52	  
	 Section 2.17
	  	Increase in Credit Facility	  	 	53	  
	 ARTICLE III    TAXES, INCREASED COSTS AND ILLEGALITY
	  	 	54	  
	 Section 3.01
	  	Increased Costs, Illegality, etc	  	 	54	  
	 Section 3.02
	  	Breakage Compensation	  	 	56	  
	 Section 3.03
	  	Net Payments	  	 	57	  
	 Section 3.04
	  	Increased Costs to LC Issuers	  	 	61	  
	 Section 3.05
	  	Change of Lending Office; Replacement of Lenders	  	 	61	  
	 ARTICLE IV    REPRESENTATIONS AND WARRANTIES
	  	 	62	  
	 Section 4.01
	  	Organization; Powers	  	 	62	  


  
 -i-










 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	 	  	Page	 
			
	 Section 4.02
	  	Authorization; Enforceability	  	 	62	  
	 Section 4.03
	  	Governmental Approvals; No Conflicts	  	 	63	  
	 Section 4.04
	  	Financial Condition; No Material Adverse Change	  	 	63	  
	 Section 4.05
	  	Properties	  	 	63	  
	 Section 4.06
	  	Litigation and Environmental Matters	  	 	64	  
	 Section 4.07
	  	Compliance with Laws and Agreements	  	 	64	  
	 Section 4.08
	  	Investment Company Status	  	 	64	  
	 Section 4.09
	  	Taxes	  	 	64	  
	 Section 4.10
	  	ERISA	  	 	65	  
	 Section 4.11
	  	Disclosure	  	 	65	  
	 Section 4.12
	  	Subsidiaries	  	 	65	  
	 Section 4.13
	  	Use of Proceeds; Margin Regulations	  	 	65	  
	 Section 4.14
	  	Insurance	  	 	66	  
	 Section 4.15
	  	Material Contracts	  	 	66	  
	 ARTICLE V    CONDITIONS
	  	 	66	  
	 Section 5.01
	  	Conditions Precedent at Closing Date	  	 	66	  
	 Section 5.02
	  	Conditions Precedent to Addition of Foreign Subsidiary Borrowers	  	 	68	  
	 Section 5.03
	  	Conditions Precedent to All Credit Events	  	 	69	  
	 ARTICLE VI    AFFIRMATIVE COVENANTS
	  	 	70	  
	 Section 6.01
	  	Financial Statements and other Information	  	 	70	  
	 Section 6.02
	  	Notices of Material Events	  	 	71	  
	 Section 6.03
	  	Existence; Conduct of Business	  	 	72	  
	 Section 6.04
	  	Payment of Obligations	  	 	72	  
	 Section 6.05
	  	Maintenance of Property; Insurance	  	 	72	  
	 Section 6.06
	  	Books and Records; Inspection Rights	  	 	73	  
	 Section 6.07
	  	Compliance with Laws	  	 	73	  
	 Section 6.08
	  	Use of Proceeds and Letters of Credit	  	 	73	  
	 Section 6.09
	  	Compliance with Environmental Laws	  	 	73	  
	 Section 6.10
	  	Certain Subsidiaries to Guarantee	  	 	74	  
	 ARTICLE VII    NEGATIVE COVENANTS
	  	 	74	  
	 Section 7.01
	  	Indebtedness	  	 	74	  
	 Section 7.02
	  	Liens	  	 	76	  


  
 -ii-










 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	 	  	Page	 
			
	 Section 7.03
	  	Fundamental Changes	  	 	76	  
	 Section 7.04
	  	Investments, Loans, Advances, Guarantees and Acquisitions	  	 	77	  
	 Section 7.05
	  	Hedge Agreements	  	 	78	  
	 Section 7.06
	  	Restricted Payments	  	 	78	  
	 Section 7.07
	  	Financial Covenants	  	 	79	  
	 Section 7.08
	  	Transactions with Affiliates	  	 	79	  
	 Section 7.09
	  	Limitation on Certain Restrictive Agreements	  	 	79	  
	 Section 7.10
	  	Accounting Changes	  	 	80	  
	 Section 7.11
	  	Plan Terminations, Minimum Funding, etc	  	 	80	  
	 Section 7.12
	  	Anti-Terrorism Laws	  	 	80	  
	 ARTICLE VIII    EVENTS OF DEFAULT
	  	 	80	  
	 Section 8.01
	  	Events of Default	  	 	80	  
	 Section 8.02
	  	Remedies	  	 	82	  
	 Section 8.03
	  	Application of Certain Payments and Proceeds	  	 	82	  
	 Section 8.04
	  	Equalization	  	 	85	  
	 ARTICLE IX    THE GLOBAL AGENT
	  	 	86	  
	 Section 9.01
	  	Appointment	  	 	86	  
	 Section 9.02
	  	Delegation of Duties	  	 	86	  
	 Section 9.03
	  	Exculpatory Provisions	  	 	86	  
	 Section 9.04
	  	Reliance by Global Agent	  	 	87	  
	 Section 9.05
	  	Notice of Default	  	 	87	  
	 Section 9.06
	  	Non-Reliance	  	 	87	  
	 Section 9.07
	  	No Reliance on Global Agent’s Customer Identification Program	  	 	88	  
	 Section 9.08
	  	USA Patriot Act	  	 	88	  
	 Section 9.09
	  	Indemnification	  	 	88	  
	 Section 9.10
	  	The Global Agent in Individual Capacity	  	 	88	  
	 Section 9.11
	  	Successor Global Agent	  	 	89	  
	 Section 9.12
	  	Other Agents	  	 	89	  
	 ARTICLE X    GUARANTY
	  	 	89	  
	 Section 10.01
	  	Guaranty by the Company	  	 	89	  
	 Section 10.02
	  	Additional Undertaking	  	 	90	  
	 Section 10.03
	  	Guaranty Unconditional	  	 	90	  


  
 -iii-










 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	 	  	Page	 
			
	 Section 10.04
	  	Company Obligations to Remain in Effect; Restoration	  	 	91	  
	 Section 10.05
	  	Waiver of Acceptance, etc	  	 	91	  
	 Section 10.06
	  	Subrogation	  	 	91	  
	 Section 10.07
	  	Effect of Stay	  	 	91	  
	 ARTICLE XI    MISCELLANEOUS
	  	 	91	  
	 Section 11.01
	  	Payment of Expenses etc	  	 	91	  
	 Section 11.02
	  	Indemnification	  	 	92	  
	 Section 11.03
	  	Right of Setoff	  	 	92	  
	 Section 11.04
	  	Notices	  	 	93	  
	 Section 11.05
	  	Successors and Assigns	  	 	94	  
	 Section 11.06
	  	No Waiver; Remedies Cumulative	  	 	98	  
	 Section 11.07
	  	Governing Law; Submission to Jurisdiction; Venue; Waiver of Jury Trial	  	 	99	  
	 Section 11.08
	  	Counterparts	  	 	100	  
	 Section 11.09
	  	Integration	  	 	100	  
	 Section 11.10
	  	Headings Descriptive	  	 	100	  
	 Section 11.11
	  	Amendment or Waiver	  	 	100	  
	 Section 11.12
	  	Survival of Indemnities	  	 	101	  
	 Section 11.13
	  	Domicile of Loans	  	 	101	  
	 Section 11.14
	  	Confidentiality	  	 	101	  
	 Section 11.15
	  	Limitations on Liability of the LC Issuers	  	 	102	  
	 Section 11.16
	  	General Limitation of Liability	  	 	103	  
	 Section 11.17
	  	No Duty	  	 	103	  
	 Section 11.18
	  	Lenders and Agent Not Fiduciary to Borrowers, etc	  	 	103	  
	 Section 11.19
	  	Survival of Representations and Warranties	  	 	103	  
	 Section 11.20
	  	Severability	  	 	103	  
	 Section 11.21
	  	[Intentionally Omitted]	  	 	103	  
	 Section 11.22
	  	Interest Rate Limitation	  	 	103	  
	 Section 11.23
	  	Judgment Currency	  	 	104	  
	 Section 11.24
	  	Press Releases and Related Matters	  	 	104	  
	 Section 11.25
	  	Agreement of Borrowers	  	 	105	  
	 Section 11.26
	  	Patriot Act Notification	  	 	105	  
	 Section 11.27
	  	Continuing Effect of Loan Documents	  	 	105	  


  
 -iv-










 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	 	  	Page	 
			
	 Section 11.28
	  	No Novation	  	 	105	  
	 Section 11.29
	  	Restated Closing Date Assignments	  	 	105	  


  
 -v-









 EXHIBITS 
  

			
	 Exhibit A-1
	  	Form of Revolving Facility Note
	 Exhibit A-2
	  	Form of Swing Line Note
	 Exhibit B-1
	  	Form of Notice of Borrowing
	 Exhibit B-2
	  	Form of Revolving Facility LC Request
	 Exhibit C-1
	  	Form of Domestic Credit Party Guaranty
	 Exhibit C-2
	  	Form of Foreign Subsidiary Guaranty
	 Exhibit D
	  	Form of Joinder Agreement
	 Exhibit E
	  	Form of Compliance Certificate
	 Exhibit F
	  	Form of Closing Certificate
	 Exhibit G
	  	Form of Assignment and Assumption
	 Exhibit H
	  	Form of Exemption Certificate
	 Exhibit I
	  	Form of Withholding Certificate
	 Exhibit J
	  	Form of Qualifying Certificate

 SCHEDULES 
  

			
	 Schedule 1
	  	Lenders and Commitments
	 Schedule 2
	  	Subsidiary Guarantors
	 Schedule 3
	  	Existing Letters of Credit
	 Schedule 4
	  	Mandatory Costs
	 Schedule 4.06
	  	Disclosed Matters
	 Schedule 4.12
	  	Ownership Interests
	 Schedule 5
	  	Schedule 5 Foreign Subsidiaries
	 Schedule 7.01
	  	Parent/Company Indebtedness in excess of $1M
	 Schedule 7.02
	  	Liens


  
 -v-









 EXECUTION VERSION 

THIS AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of July 28, 2011 among ABERCROMBIE & FITCH MANAGEMENT CO., a
Delaware corporation (the “Company”), the Foreign Subsidiary Borrowers (as hereinafter defined) from time to time party hereto, ABERCROMBIE & FITCH CO., a Delaware corporation (the “Parent”), the lenders
from time to time party hereto (each a “Lender” and collectively, the “Lenders”), PNC BANK, NATIONAL ASSOCIATION (“PNC Bank”), as global administrative agent (the “Global Agent”),
as the Swing Line Lender and an LC Issuer (each term as hereafter defined), PNC CAPITAL MARKETS LLC, as a co-lead arranger and a co-bookrunner, J.P. MORGAN SECURITIES, LLC, as a co-lead arranger and a co-bookrunner, JPMORGAN CHASE BANK, N.A.
(“JPM”) as syndication agent (the “Syndication Agent”), FIFTH THIRD BANK, as a co-documentation agent, and THE HUNTINGTON NATIONAL BANK, as a co-documentation agent. 

In consideration of the premises and mutual agreements contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by each of the parties hereto, the parties hereto agree as follows: 
 ARTICLE I

 DEFINITIONS 
 Section 1.01 Defined Terms. As used in this Agreement, the following terms have the meanings specified below unless the context otherwise requires: 

“Acquisition” means any transaction or series of related transactions for the purpose of or resulting, directly or
indirectly, in (i) the acquisition of all or substantially all of the assets of any Person, or any business or division of any Person, (ii) the acquisition of in excess of 50% of the stock (or other Equity Interest) of any Person, or
(iii) the acquisition of another Person by a merger, amalgamation or consolidation or any other combination with such Person. 
 “Adjusted Total Debt” means, at any time, the sum of (a) Total Debt (excluding Foreign Bank Guarantees permitted by Section 7.01(j)) plus (b) 600% of Forward Minimum Rent
Commitments. 
 “Adjusted Commitment Percentage” means, at any time for any Lender, the percentage obtained by
dividing such Lender’s Unutilized Commitment at such time by the Unutilized Total Commitment at such time. 

“Adjusted Eurodollar Rate” means with respect to each Interest Period for a Eurodollar Loan, the interest rate per annum
determined by the Global Agent by dividing (the resulting quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (i) the rate which appears on the Bloomberg Page BBAM1 (or on such other substitute Bloomberg page
that displays rates at which U.S. Dollar deposits are offered by leading banks in the London interbank deposit market), or the rate which is quoted by another source selected by the Global Agent which has been approved by the British
Bankers’ Association as an authorized information vendor for the purpose of displaying rates at which U.S. Dollar deposits are offered by leading banks in the London interbank deposit market (for purposes of this definition, an
“Alternate Source”), at approximately 11:00 AM, London time, two (2) Business Days prior to the commencement of such Interest Period as the London interbank offered rate for U.S. Dollars for an amount comparable to such Loans
and having a borrowing date and a maturity comparable to such Interest Period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement rate
determined by the Global Agent at such time (which determination shall be conclusive absent manifest error)), by (ii) a number equal to 







 
1.00 minus the Eurodollar Reserve Percentage. The Adjusted Eurodollar Rate may also be expressed by the following formula: 

 

													
		 	 Adjusted Eurodollar Rate
	 	=
	 	 	 	 London interbank offered rates quoted by Bloomberg or


appropriate successor as shown on Bloomberg Page BBAM1
	 		 	
		 	 	 	 	 	 1.00 - Eurodollar Reserve Percentage
	 		 	

 The Adjusted Eurodollar Rate shall be adjusted with respect to any Eurodollar Loan that is outstanding on
the effective date of any change in the Eurodollar Reserve Percentage as of such effective date. The Global Agent shall give prompt notice to the Company of the Adjusted Eurodollar Rate as determined or adjusted in accordance herewith, which
determination shall be conclusive absent manifest error. 
 “Adjusted Foreign Currency Rate” means with respect
to each Interest Period for any Foreign Currency Loan, the interest rate per annum determined by the Global Agent by dividing (the resulting quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (i) the rate which
appears on the Bloomberg Page BBAM1 (or on such other substitute Bloomberg page that displays rates at which deposits in the relevant Designated Foreign Currency are offered by leading banks in the London interbank deposit market), or the rate which
is quoted by another source selected by the Global Agent which has been approved by the British Bankers’ Association as an authorized information vendor for the purpose of displaying rates at which deposits in the relevant Designated Foreign
Currency are offered by leading banks in the London interbank deposit market (for purposes of this definition, a “Designated Foreign Currency Alternate Source”), at approximately 11:00 AM, London time, two (2) Business Days
prior to the commencement of such Interest Period as the London interbank offered rate for the applicable Designated Foreign Currency for an amount comparable to such Foreign Currency Loan and having a borrowing date and a maturity comparable to
such Interest Period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Designated Foreign Currency Alternate Source, a comparable replacement rate determined by the Global Agent at
such time (which determination shall be conclusive absent manifest error)), by (ii) a number equal to 1.00 minus the Eurodollar Reserve Percentage. The Adjusted Foreign Currency Rate may also be expressed by the following formula: 

 

													
		 	 Adjusted Foreign Currency 
 Rate
	 	=
	 	 	 	 London interbank offered rates quoted by Bloomberg or

appropriate successor as shown on Bloomberg Page BBAM1
	 		 	
		 	 	 	 	 	 1.00 – Eurodollar Reserve Percentage
	 		 	

 The Adjusted Foreign Currency Rate shall be adjusted with respect to any Foreign Currency Loan that is
outstanding on the effective date of any change in the Eurodollar Reserve Percentage as of such effective date. The Global Agent shall give prompt notice to the Company of the Adjusted Foreign Currency Rate as determined or adjusted in accordance
herewith, which determination shall be conclusive absent manifest error. 
 “Affiliate” means, with respect to
a specified Person, any other Person that directly, or indirectly, through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. Notwithstanding the foregoing, neither the Global Agent nor any
Lender shall in any event be considered an Affiliate of the Company or any of its Subsidiaries. 

  
 2 








 “Aggregate Canadian Sub-Facility Exposure” means, at any time, the sum of
the Dollar Equivalent of the principal amounts of all Canadian Revolving Loans outstanding at such time. 
 “Aggregate
Credit Facility Exposure” means, at any time, the sum of (i) the Aggregate Revolving Facility Exposure at such time, and (ii) the Aggregate Canadian Sub-Facility Exposure at such time. 

“Aggregate Revolving Facility Exposure” means, at any time, the sum of (i) the Dollar Equivalent of the principal
amounts of all Revolving Loans made by all Lenders and outstanding at such time, (ii) the amount of the Revolving Facility LC Outstandings at such time, and (iii) the Dollar Equivalent of the principal amounts of all Swing Loans
outstanding at such time. 
 “Agreement” means this Credit Agreement, as the same may be from time to time
further modified, amended, restated or supplemented. 
 “Anti-Terrorism Law” means the USA Patriot Act or any
other law pertaining to the prevention of future acts of terrorism, in each case as such law may be amended from time to time. 

“Applicable Facility Fee Rate” means for any day: 

(i) As of the Closing Date, until changed hereunder in accordance with the provisions set forth in this definition, 20.0
basis points; 
 (ii) Commencing with the fiscal quarter of the Parent ended on July 30, 2011, and
continuing with each fiscal quarter thereafter, the Global Agent shall determine the Applicable Facility Fee Rate in accordance with the following matrix, based on the Leverage Ratio for the most recent determination date: 

 

			
	 Leverage Ratio
	  	 Applicable Facility Fee Rate

	 Level I
	  	12.5 bps
		
	 < 1.50 to 1.00
	  	
		
	 Level II
	  	15.0 bps
		
	 31.50 to 1.00 and < 2.00 to 1.00
	  	
		
	 Level III
	  	20.0 bps
		
	 32.00 to 1.00 and < 2.50 to 1.00
	  	
		
	 Level IV
	  	25.0 bps
		
	 32.50 to 1.00 and < 3.00 to 1.00
	  	
		
	 Level V
	  	30.0 bps
		
	 33.00 to 1.00
	  	

 (iii) For the purposes of the foregoing, (i) the Leverage Ratio shall be determined
as of the end of each fiscal quarter of the Parent’s fiscal year based upon the Parent’s consolidated financial statements delivered pursuant to Section 6.01 (a) or (b) and (ii) each change in the Applicable Facility
Fee Rate resulting from a change in the Leverage Ratio shall be effective during the period commencing on and including the date of delivery to the Global Agent of such consolidated financial statements indicating such change and ending on the date
immediately preceding the effective date of the next such change; provided that the Leverage Ratio shall be 

  
 3 








 
deemed to be in Level V (A) at any time that an Event of Default has occurred and has been continuing for 15 days (or, in the case of any Event of Default under Section 8.01(g),
immediately upon such occurrence) and the Global Agent, so notifies the Borrower, and provided further that, immediately following the remedy and/or waiver or cure of the relevant Event of Default, the Leverage Ratio shall be deemed to have
been reinstated to the Level which would otherwise be applicable (and the Applicable Facility Fee Rate adjusted accordingly), or (B) subject to the Global Agent’s discretion, if the Parent fails to deliver the consolidated financial
statements required to be delivered by it pursuant to Section 6.01(a) or (b) during the period from the expiration of the time for delivery thereof until such consolidated financial statements are delivered. The Global Agent will promptly
provide notice of any determination of the Applicable Facility Fee Rate to the Company and the Lenders. Any such determination by the Global Agent shall be conclusive and binding absent manifest error. 

“Applicable Margin” means, for any day: 

(i) As of the Closing Date, until changed hereunder in accordance with the following provisions, 105.0 basis points for
Fixed Rate Loans and 5.0 basis points for Base Rate Loans; 
 (ii) Commencing with the fiscal quarter of the
Parent ended on July 30, 2011, and continuing with each fiscal quarter thereafter, the Global Agent shall determine the Applicable Margin in accordance with the following matrix, based on the Leverage Ratio for the most recent determination
date: 
  

					
	 Leverage Ratio
	  	 Applicable Margin for

    Fixed Rate Loans    
	  	 Applicable Margin for

    Base Rate Loans    

			
	 Level I
  

< 1.50 to 1.00
	  	65.0 bps	  	0.0 bps
			
	 Level II
  

31.50 to 1.00 and < 2.00 to 1.00
	  	85.0 bps	  	0.0 bps
			
	 Level III
  

32.00 to 1.00 and < 2.50 to 1.00
	  	105.0 bps	  	5.0 bps
			
	 Level IV
  

32.50 to 1.00 and < 3.00 to 1.00
	  	125.0 bps	  	25.0 bps
			
	 Level V
  

33.00 to 1.00
	  	145.0 bps	  	45.0 bps

 (iii) For the purposes of the foregoing, (i) the Leverage Ratio shall be determined
as of the end of each fiscal quarter of the Parent’s fiscal year based upon the Parent’s consolidated financial statements delivered pursuant to Section 6.01(a) or (b) and (ii) each change in the Applicable Margin resulting
from a change in the Leverage Ratio shall be effective during the period commencing on and including the date of delivery to the Global Agent of such consolidated financial statements indicating such change and ending on the date immediately
preceding the effective date of the next such change; provided that any change in the Applicable Margin relating 

  
 4 








 
to outstanding Revolving Loans in a Designated Foreign Currency shall be effective (A) in the case of an Interest Period of 1, 2 or 3 months, upon the expiration of the current Interest
Period with respect to such Borrowing and (B) in the case of an Interest Period of 6 months, on each Interest Payment Date, and provided further that the Leverage Ratio shall be deemed to be in Level V (A) at any time that an Event
of Default has occurred and has been continuing for 15 days (or, in the case of any Event of Default under Section 8.01(g), immediately upon such occurrence) and the Global Agent, so notifies the Borrower, and provided further that,
immediately following the remedy and/or waiver or cure of the relevant Event of Default, the Leverage Ratio shall be deemed to have been reinstated to the Level which would otherwise be applicable (and the Applicable Margin adjusted accordingly) or
(B) subject to the Global Agent’s discretion, if the Parent fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 6.01(a) or (b) during the period from the expiration of the
time for delivery thereof until such consolidated financial statements are delivered. Any changes in the Applicable Margin shall be determined by the Global Agent in accordance with the provisions set forth in this definition, and the Global Agent
will promptly provide notice of such determinations to the Company and the Lenders. Any such determination by the Global Agent shall be conclusive and binding absent manifest error. 

“Applicable Reimbursement Date” has the meaning provided in Section 2.05(h)(i). 

“Arrangement Fee Letter” means the Arrangement Fee Letter dated as of the Closing Date among the Company, PNC Bank, JPM,
PNC Capital Markets LLC and J.P. Morgan Securities, LLC. 
 “ARS Certification Date” means June 16, 2009.

 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee
(with the consent of any party whose consent is required by the definition of “Eligible Assignee” or by Section 11.05(c)), and accepted by the Global Agent, in the form of Exhibit G or any other form approved by the Global Agent.

 “Auction Rate Securities” means any auction rate securities permitted by clause (f) of the definition
of Permitted Investments. 
 “Augmenting Revolving Lender” has the meaning provided in Section 2.17.

 “Authorized Officer” means (i) with respect to the Parent, any of the following officers: the Chief
Executive Officer, the Chief Financial Officer, the Senior Vice President, the Treasurer or the Assistant Treasurer, and (ii) with respect to the Company, any of the following officers: the President, the Chief Financial Officer, the Senior
Vice President, the Vice President, the Treasurer or the Assistant Treasurer, and (iii) with respect to any Subsidiary of the Company, any of the following officers: the President, the Chief Financial Officer, the Senior Vice President, the
Vice President, the Treasurer or the Assistant Treasurer of such Subsidiary or such other Person as is authorized in writing to act on behalf of such Subsidiary and is acceptable to the Global Agent. Unless otherwise qualified, all references herein
to an Authorized Officer shall refer to an Authorized Officer of the Company. 
 “Availability Period”
means the period from and including the Closing Date to but excluding the Credit Facility Termination Date. 

“BA Equivalent Loan” means each Canadian Revolving Loan bearing interest at a rate based upon the BA Equivalent Rate.

 “BA Equivalent Rate” means the CDOR Rate, plus 0.10%. 

  
 5 








 “Bankruptcy Code” means Title 11 of the United States Code entitled
“Bankruptcy,” as now or hereafter in effect, or any successor thereto, as hereafter amended. 

“Base Rate” means, for any day, a fluctuating rate per annum equal to the highest of (i) the
Prime Rate, (ii) the Federal Funds Open Rate plus  1/2% and (iii) the Daily Adjusted Eurodollar Rate plus 1%. Any change in the Base Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs.

 “Base Rate Loan” means a Canadian Prime Rate Loan or US Base Rate Loan. 

“Benefited Creditors” means, with respect to the Company’s Guarantee Obligations pursuant to Article X, each
of the Global Agent, the Lenders, each LC Issuer and the Swing Line Lender and each Designated Hedge Creditor, and the respective successors and assigns of each of the foregoing. 

“Borrower” means the Company or any Foreign Subsidiary Borrower. 

“Borrowers” means, collectively, the Company and all of the Foreign Subsidiary Borrowers. 

“Borrowing” means (a) a Revolving Borrowing, (b) a Canadian Borrowing, or (c) the incurrence of a Swing
Loan. 
 “Business Day” means any day that is not a Saturday, Sunday or any other day on which commercial banks
in Pittsburgh, Pennsylvania are authorized or required by law to remain closed provided that the term “Business Day” shall also exclude, with respect to any matters relating to (A) Eurodollar Loans, any day on which banks are
not open for dealings in U.S. dollar deposits in the London interbank market, (B) Canadian Revolving Loans, any day on which commercial banks in Toronto, Ontario are authorized or required by law to close, and (C) Foreign Currency Loans or
Revolving Facility LC Issuances in a Designated Foreign Currency, any day on which commercial banks are not open for international business (including the clearing of currency transfers in the relevant Designated Foreign Currency) in the principal
financial center of the home country of the applicable Designated Foreign Currency, and in the case of any Loan denominated in Euros, any day on which the TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer) payment system
is not open for the settlement of payments in Euro or any day on which banks in London are authorized of required by law to remain closed. 
 “Canadian Administrative Branch” means, with respect to the Global Agent in its capacity as such, PNC Bank, Canada Branch acting as the sub-agent of the Global Agent in accordance with
the terms of this Agreement or such other branch or affiliate of the Global Agent as the Global Agent shall have designated in writing to the Borrowers and the Lenders. 
 “Canadian Borrower” means each of (a) AFH Canada Stores Co., a Nova Scotia unlimited company and (b) any Foreign Subsidiary organized under the laws of Canada or any province or
territory thereof that becomes the Canadian Borrower pursuant to Section 2.16; provided, however, that a Foreign Revolving Facility Borrower shall not be eligible to be the Canadian Borrower hereunder. 

“Canadian Borrowing” means the incurrence of Canadian Revolving Loans consisting of one Type of Canadian Revolving Loan
by the Canadian Borrower from all of the Canadian Lenders on a given date (or resulting from Conversions or Continuations on a given date), having, in the case of any Fixed Rate Loans, the same Interest Period. 

“Canadian Commitment” means, with respect to each Canadian Lender, the amount, if any, set forth opposite such Canadian
Lender’s name in Schedule 1 hereto as its “Canadian Sub-Facility 

  
 6 








 
Commitment” as the same may be reduced from time to time pursuant to Section 2.12(c) and as adjusted from time to time as a result of assignments to or from such Lender pursuant to
Section 11.05. 
 “Canadian Commitment Percentage” means, at any time for any Canadian Lender, the
percentage obtained by dividing such Canadian Lender’s Canadian Commitment by the Total Canadian Commitment; provided, however, that if the Total Canadian Commitment has been terminated, the Canadian Commitment Percentage for each
Canadian Lender shall be determined by dividing such Canadian Lender’s Canadian Commitment immediately prior to such termination by the Total Canadian Commitment in effect immediately prior to such termination. The Canadian Commitment
Percentage of each Canadian Lender as of the Closing Date is set forth on Schedule 1 hereto. 
 “Canadian
Dollars” or “C$” means the lawful currency of Canada. 
 “Canadian Insolvency Acts” has the
meaning provided in clause (i) of the definition of “Insolvency Event”. 
 “Canadian Lender”
means each Lender that has a Canadian Commitment or, if applicable, the Canadian Lending Installation of any Lender that has a Canadian Commitment; provided, however, that (i) if a Canadian Commitment is being provided by a Canadian
Lending Installation of any Lender, then, except as specifically set forth in this Agreement, such Lender and its Canadian Lending Installation shall constitute a single “Lender” under this Agreement and the other Loan Documents,
provided further that, notwithstanding the foregoing, to the extent a Canadian Commitment is being provided by a Canadian Lending Installation of any Lender, each such Canadian Lending Installation shall be entitled to all of the benefits,
indemnifications and protections set forth in this Agreement or any other Loan Document, including, but not limited to, those set forth in Article III, Section 11.01 and Section 11.02, and (ii) no Lender, and no Canadian Lending
Installation of any Lender, may be or become a Canadian Lender hereunder unless such Lender or the Canadian Lending Installation of such Lender, as the case may be, is (x) a resident of Canada within the meaning of the Income Tax Act
(Canada) for the purposes of the withholding tax provisions in Part XIII of the Income Tax Act (Canada), or (y) an “authorized foreign bank” as defined in Section 2 of the Bank Act (Canada), or (z) a Person
whose lending activities are not regulated by the Bank Act (Canada). 
 “Canadian Lending Installation”
means, with respect to any Lender, any office, branch, subsidiary or Affiliate of such Lender that is designated in writing by such Lender to the Global Agent as being responsible for funding or maintaining a Canadian Commitment. 

“Canadian Obligations” means all amounts and indemnities, direct or indirect, contingent or absolute, of every type or
description, and at any time existing, owing by the Canadian Borrower to the Global Agent or any Canadian Lender pursuant to the terms of this Agreement or any other Loan Document (including, but not limited to, interest and fees that accrue after
the commencement by or against any Credit Party of any insolvency case or proceeding, regardless of whether such interest and fees are allowed claims in such proceeding). 
 “Canadian Prime Rate” means, for any day, with respect to a Canadian Prime Rate Loan, a fluctuating rate per annum equal to the greater of (i) the annual rate of interest established
from time to time by the Canadian Administrative Branch of the Global Agent as its “prime rate” then in effect for determining interest rates on Canadian Dollar denominated commercial loans in Canada and (ii) the annual rate of
interest equal to the sum of (A) the CDOR Rate on that day for bankers’ acceptances issued on that day with a term to maturity of one month and (B) 0.50% per annum. Any change in the Canadian Prime Rate (or any component thereof)
shall take effect at the opening of business on the day such change occurs. 

  
 7 








 “Canadian Prime Rate Loan” means each Canadian Revolving Loan bearing
interest at a rate based upon the Canadian Prime Rate in effect from time to time. 
 “Canadian Revolving Loan”
means, with respect to each Canadian Lender, any Loan made by such Canadian Lender pursuant to Section 2.03 hereof. 

“Canadian Sub-Facility” means the credit facility established under Section 2.03 hereof pursuant to the Canadian
Commitment of each Canadian Lender; provided, however, that the Canadian Sub-Facility shall not be available unless and until such date, if any, that the Canadian Borrower has become a Foreign Subsidiary Borrower under this Agreement
in accordance with Section 2.16. 
 “Canadian Sub-Facility Exposure” means, for any Canadian Lender at any
time, the Dollar Equivalent of the principal amount of Canadian Revolving Loans made by such Canadian Lender and outstanding at such time. 
 “Capital Lease” as applied to any Person means 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 the balance sheet of that Person under GAAP. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any
Capital Lease of the Parent or any of its Subsidiaries, without duplication, and the amount of such obligations shall be the capitalized amount thereof accounted for as liabilities identified as “capital lease obligations” (or any similar
words) on a consolidated balance sheet of the Parent and its Subsidiaries prepared in accordance with GAAP. 
 “CDOR
Rate” means, for any day, the stated average of the rates applicable to C$ bankers’ acceptances for a term comparable to that for which such rate is being determined (which, in the case of a BA Equivalent Loan, shall be the Interest
Period applicable thereto) and appearing as at 10:00 A.M. (Toronto time) on the “Reuters Screen CDOR Page” with respect to Schedule I Canadian Lenders on such date, or if such date is not a Business Day, then on the immediately
preceding Business Day; provided, however, that if no such rate appears on the Reuters Screen CDOR Page as contemplated, then the CDOR Rate on any date shall be calculated as the arithmetic mean of the discount rates (calculated on an
annual basis) for an amount comparable to that for which such rate is being determined and for the term referred to above applicable to C$ bankers’ acceptances quoted by the Schedule I Reference Canadian Lenders as of 10:00 A.M., Toronto
time, on such date or, if such date is not a Business Day, then on the immediately preceding Business Day. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as the same may be
amended from time to time, 42 U.S.C. § 9601 et seq. 
 “Change in Control” means (a) the
acquisition of ownership, directly or indirectly, beneficially or of record, on or after the Closing Date, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date
hereof but in all cases other than the Parent or any Subsidiary of the Parent, in each case including, without limitation, in its fiduciary capacity, or any employee benefit plan of the Parent or any Subsidiary of the Parent, or any entity or
trustee holding Equity Interests for or pursuant to the terms of any such plan or for the purpose of funding any such plan or funding other employee benefits for employees of the Parent or any Subsidiary of the Parent), of Equity Interests
representing more than 33% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Parent as of the date of such acquisition; (b) the occupation of a majority of the seats (other than vacant
seats) on the board of directors of the Parent by Persons who were neither (i) nominated by the board of directors of the Parent nor (ii) appointed 

  
 8 








 
by directors so nominated; or (c) the Company ceases, directly or indirectly, to be a wholly owned Subsidiary of the Parent. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption
of or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the
making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform
and Consumer Protection Act and all requests, rules, regulations, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directive promulgated by the Bank for International Settlements,
the Basel Committee on Banking regulations, Supervision (or any successor or similar authority) or the United States or foreign regulation authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued. 
 “Charges” has the meaning provided in
Section 11.22(a). 
 “CIP Regulations” has the meaning provided in Section 9.07. 

“Claims” has the meaning set forth in the definition of “Environmental Claims.” 

“Closing Date” means the date upon which the conditions specified in Section 5.01 are satisfied. 

“Closing Fee Letter” means the Closing Fee Letter dated as of the Closing Date between the Company and the Global Agent,
for the benefit of the Lenders. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to
time, and the regulations promulgated and the rulings issued thereunder. Section references to the Code are to the Code, as in effect at the Closing Date and any subsequent provisions of the Code, amendatory thereof, supplemental thereto or
substituted therefor. 
 “Co-Lead Arrangers” means, collectively, PNC Capital Markets LLC and J.P. Morgan
Securities, LLC, in each case in their capacities as a co-lead arranger hereunder. 
 “Commitment” means
(i) with respect to each Lender, its obligation to make Revolving Loans and participate in Revolving Facility LC Issuances under the Revolving Facility pursuant to its Facility Commitment, (ii) the obligation of each Canadian Lender to
make Canadian Revolving Loans pursuant to its Canadian Commitment, (iii) with respect to the Swing Line Lender, its obligations to make Swing Loans under the Swing Line Facility pursuant to its Swing Line Commitment, and (iv) with respect
to each LC Issuer, its obligation to issue Letters of Credit under and in accordance with the terms of this Agreement. 

“Commodities Hedge Agreement” means a commodities contract purchased by the Company or any of its Subsidiaries in the
ordinary course of business, and not for speculative purposes, with respect to paper or other raw materials necessary to the manufacturing or production of goods in connection with the business of the Company and its Subsidiaries. 

“Company” has the meaning provided in the first paragraph of this Agreement. 

“Company Guaranteed Obligations” has the meaning provided in Section 10.01. 

“Compliance Certificate” has the meaning provided in Section 6.01(c). 

  
 9 








 “Confidential Information” has the meaning provided in
Section 11.14(b). 
 “Consolidated Capital Expenditures” means, for any period, the aggregate of all
expenditures (whether paid in cash or accrued as liabilities) by the Parent and its Subsidiaries during that period that, in conformity with GAAP, are or are required to be included in the property, plant or equipment reflected in the consolidated
balance sheet of the Parent and its Subsidiaries. 
 “Consolidated EBITDAR” means, for any period, Consolidated
Net Income for such period; plus without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of (i) Interest Expense, (ii) income and franchise (or similar) tax expense, (iii) depreciation and
amortization expense (including impairment of long term store fixed assets), (iv) Minimum Rent (plus contingent store rent plus non-cash rent expense), (v) Non-Cash Compensation Charges, (vi) losses on any Specified Auction Rate
Securities, in each case not to exceed the applicable Temporary Impairment for such Specified Auction Rate Securities, (vii) non-cash charges related to the Ruehl Exit in an aggregate amount not to exceed $50,000,000, (viii) non-recurring
cash charges in an aggregate amount not to exceed $61,000,000 related to the Ruehl Exit, (ix) additional non-recurring non-cash charges in an amount not to exceed $20,000,000 in the aggregate during any Testing Period, and (x) other
non-recurring cash charges in an amount not to exceed $10,000,000 in the aggregate during any Testing Period minus without duplication (A) Interest Income, (B) any benefit received from income, franchise (or similar) tax expense to the
extent included in the determination of Consolidated Net Income, (C) gains arising from any Specified Auction Rate Securities, in each case resulting from the excess of the Fair Value thereof and (D) any cash payments made during such
period that were deducted in determining Consolidated Net Income and added back in determining Consolidated EBITDAR in a previous Testing Period under clauses (v) or (ix); all as determined in accordance with GAAP on a consolidated basis for
the Parent and the Subsidiaries. 
 “Consolidated Net Income” means for any period, the consolidated net income
(or loss) of the Parent and its Subsidiaries for such period (excluding extraordinary gains and losses), as determined in accordance with GAAP on a consolidated basis. 
 “Consolidated Tangible Assets” means, at any time, the aggregate amount of assets of the Parent and the Subsidiaries, minus all goodwill, trade names, trademarks, patents and other
intangible assets of the Parent and the Subsidiaries, all as set forth in the consolidated balance sheet of the Parent and the Subsidiaries most recently delivered by the Parent and the Company pursuant to Section 6.01, on such date of
determination, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Tangible Net Worth”
means all assets of the Parent and its Subsidiaries less goodwill, less intangible assets and less total liabilities, all on a consolidated basis and determined in conformity with GAAP. 

“Continue,” “Continuation” and “Continued” each refers to a continuation of a Fixed
Rate Loan for an additional Interest Period as provided in Section 2.09(h)(i). 
 “Control” means 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 ability to exercise voting power, by contract or otherwise. “Controlling” and
“Controlled” have meanings correlative thereto. 
 “Convert,” “Conversion”
and “Converted” each refers to a conversion of Loans of one Type into Loans of another Type. 

“Coverage Ratio” means, for the Parent and the Subsidiaries on a consolidated basis as of the end of each Testing Period
and as of any time Pro Forma Compliance is required to be demonstrated, the ratio 

  
 10 









 
of (a) Consolidated EBITDAR for the relevant Testing Period to (b) the sum of, without duplication, (x) Net Interest Expense, plus (y) scheduled payments of long-term debt as
reported in accordance with GAAP, due within twelve months of the date of determination (but excluding Indebtedness under this Agreement), plus (z) the sum of (i) Minimum Rent and (ii) contingent store rent, in each case for the
Testing Period most recently ended. 
 “Credit Event” means the making of any Borrowing, any Conversion or
Continuation or any LC Issuance. 
 “Credit Facility” means the credit facility established under this
Agreement pursuant to the Commitments of the Lenders. 
 “Credit Facility Exposure” means, for any Lender at
any time, the sum of (i) such Lender’s Revolving Facility Exposure at such time, and (ii) if such Lender is a Canadian Lender (whether directly or by its Canadian Lending Installation), such Canadian Lender’s Canadian
Sub-Facility Exposure at such time. 
 “Credit Facility Termination Date” means the earlier of
(i) July 27, 2016, and (ii) the date that the Commitments have been terminated pursuant to Section 8.02. 

“Credit Party” means any Domestic Credit Party or Foreign Credit Party. 

“Daily Adjusted Eurodollar Rate” means, for any day, the rate per annum determined by the Global Agent by dividing
(x) the Published Rate by (y) a number equal to 1.00 minus the Eurodollar Reserve Percentage on such day. 

“Default” means any event or condition which constitutes an Event of Default or which upon notice or lapse of time or
both, would unless cured or waived become an Event of Default. 
 “Default Rate” means, for any day, a rate per
annum equal to (i) the Base Rate (or if the Default Rate is being determined in connection with a Canadian Revolving Loan, the Canadian Prime Rate) in effect on such day, plus (ii) the Applicable Margin for Base Rate Loans in effect on
such day, plus (iii) 2.00%. 
 “Defaulting Lender” means any Lender with respect to which a Lender Default
is in effect. 
 “Designated Foreign Currency” means Euros, British pounds, Japanese yen or any other currency
(other than Dollars and Canadian Dollars) approved in writing by each of the Lenders and that is freely traded and exchangeable into Dollars. 
 “Designated Hedge Agreement” means any Hedge Agreement to which the Parent or any of its Subsidiaries is a party and as to which a Lender or any of its Affiliates is a counterparty.

 “Designated Hedge Creditor” means each Lender or Affiliate of a Lender that participates as a counterparty
to any Credit Party pursuant to any Designated Hedge Agreement with such Lender or Affiliate of such Lender. 

“Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in Schedule 4.06.

 “Dollars,” “U.S. dollars” and the sign “$” each means lawful money of the
United States. 

  
 11 









 “Dollar Equivalent” means, on any Business Day with respect to any amount
denominated in a Designated Foreign Currency or Canadian Dollars, the amount of Dollars that would be required to purchase such amount of a Designated Foreign Currency or Canadian Dollars, as the case may be, based upon the Global Agent’s spot
rate (which is calculated by giving reference to the applicable electronic page of Reuters (or on the appropriate page of any successor to or substitution for such service)) at approximately 11:00 a.m. London time on the Business Day two Business
Days prior to the date that the applicable event (i.e., the making of a Foreign Currency Loan or other Loan denominated in a currency other than Dollars, the issuance of a Letter of Credit denominated in a currency other than Dollars, or any
other event which requires the determination of a Dollar Equivalent is to occur). 
 “Domestic Credit Party”
means the Parent, the Company or any Subsidiary Guarantor other than a Foreign Subsidiary Guarantor. 
 “Domestic Credit
Party Guaranty” has the meaning provided in Section 5.01(h). 
 “Domestic Lending Office” means,
with respect to each Lender, the office designated by such Lender to the Global Agent as such Lender’s lending office for all purposes of this Agreement other than those matters managed by such Lender’s Foreign Lending Office. 

“Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of America, any state thereof,
the District of Columbia, or any United States possession. 
 “Eligible Assignee” means (i) a Lender
(other than a Defaulting Lender), (ii) an Affiliate or branch of a Lender (other than a Defaulting Lender), and (iii) any other Person (other than a natural Person) approved by (A) the Global Agent, (B) each LC Issuer, and
(C) unless an Event of Default has occurred and is continuing, the Company (each such approval not to be unreasonably withheld or delayed); provided, however, that notwithstanding the foregoing, “Eligible Assignee” shall
not include the Parent, the Company or any of its Subsidiaries; provided, further, that the Borrower shall not be deemed to have unreasonably withheld or delayed the provision of its consent if, as a result of a participation by a Lender
pursuant to Section 11.05(b), an assignment by a Lender pursuant to Section 11.05(c) or any other provision of this Agreement, a Borrower would be obliged to make a payment to the proposed assignee of the Loans, Revolving Facility LC
Participations, Swing Loan Participations and/or Commitments (or any other Lender) under Section 3.01, Section 3.03 or Section 3.04 of this Agreement to the extent such payment would not have been otherwise due to the assigning
Lender. 
 “Environmental Claims” means any and all global, regulatory or judicial actions, suits, demands,
demand letters, claims, liens, notices of non-compliance or violation, investigations or proceedings relating in any way to any Environmental Law or any permit issued under any such law (hereafter “Claims”), including, without
limitation, (i) any and all Claims by any Governmental Authority for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law, and (ii) any and all Claims by any third party
seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from the storage, treatment or Release (as defined in CERCLA) of any Hazardous Materials or arising from alleged injury or threat of injury to
health, safety or the environment. 
 “Environmental Law” means any applicable federal, state, provincial,
foreign, municipal or local statute, law, rule, regulation, ordinance, code, binding and enforceable guideline, binding and enforceable written policy and rule of common law now or hereafter in effect and in each case as amended, and any binding and
enforceable judicial or global interpretation thereof, including any judicial or global order, consent, decree or judgment issued to or rendered against the Parent or any of its Subsidiaries relating to the environment or Hazardous Materials,
including, without limitation, CERCLA; RCRA; the Federal Water Pollution Control Act, 33 U.S.C. § 1251 et seq.; the Clean Air Act, 42 U.S.C. § 7401 et seq.; the


  
 12 









 
Safe Drinking Water Act, 42 U.S.C. § 300f et seq.; the Oil Pollution Act of 1990, 33 U.S.C. § 2701 et seq.; the Emergency Planning and the Community
Right-to-Know Act of 1986, 42 U.S.C. § 11001 et seq., the Hazardous Material Transportation Act, 49 U.S.C. § 5101 et seq.; and any state, provincial, municipal and local or foreign counterparts or
equivalents, in each case as amended from time to time. 
 “Environmental Liability” means any liability,
contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of any Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials in violation of Environmental Law, (d) the release or threatened
release of any Hazardous Materials into the environment in violation of Environmental Law or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

 “Equalization Date” means the date upon the earliest to occur of (i) the termination of all of the
Commitments pursuant to Section 8.02(a), (ii) the acceleration of all of the Obligations pursuant to Section 8.03(b), (iii) the occurrence of an Event of Default pursuant to Section 8.01(g), or (iv) the Credit Facility
Termination Date, to the extent that any of the Obligations remain outstanding as of the close of business (local time in the Notice Office) as of such date. 
 “Equalization Percentage” means, with respect to each Lender, a percentage determined for such Lender on the Equalization Date obtained by dividing the Credit Facility Exposure of such
Lender on the Equalization Date by the Aggregate Credit Facility Exposure on the Equalization Date, in each case as calculated, with respect to any amounts outstanding in a Designated Foreign Currency or Canadian Dollars, using the Dollar Equivalent
of such amount in effect on the Equalization Date, as the foregoing percentage may be adjusted as a result of any assignments made pursuant to Section 11.05 after the Equalization Date. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and rulings issued thereunder. Section references to ERISA are to ERISA, as in effect at the Closing Date and any subsequent provisions of ERISA, amendatory thereof, supplemental thereto or substituted therefor. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) or any Person (as defined in
Section 3(9) of ERISA), that, together with the Parent or a Subsidiary of the Parent is treated as a “single employer” (i) within the meaning of Section 414(b), (c), (m) or (o) of the Code or (ii) as a result
of the Parent or a Subsidiary of the Parent being or having been a general partner of such Person. 
 “Eurodollar
Loan” means each Revolving Loan bearing interest at a rate based upon the Adjusted Eurodollar Rate. 

“Eurodollar Reserve Percentage” means as of any day the maximum percentage in effect on such day, as prescribed by the
Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as
“Eurocurrency Liabilities”). 
 “Event of Default” has the meaning provided in Section 8.01.


  
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 “Excluded Domestic Subsidiary” has the meaning provided in
Section 6.10. 
 “Excluded Taxes” has the meaning provided in Section 3.03(a). 

“Exemption Certificate” has the meaning provided in Section 3.03(b). 

“Existing Credit Agreement” means the Credit Agreement, dated as of April 15, 2008, among the Company, the Parent,
the lenders party thereto, PNC Bank, as global administrative agent, and the other Persons party thereto, as amended (other than pursuant to this Agreement). 
 “Existing Letters of Credit” means each of the letters of credit issued under the Existing Credit Agreement that are more fully described on Schedule 3 hereto. 

“Facility Commitment” means, with respect to each Lender, the amount set forth opposite such Lender’s name in
Schedule 1 hereto as its “Facility Commitment” as the same may be reduced from time to time pursuant to Section 2.12(c), increased from time to time pursuant to Section 2.17 or adjusted from time to time as a result of
assignments to or from such Lender pursuant to Section 11.05. 
 “Facility Fees” has the meaning provided
in Section 2.11(a). 
 “Fair Value” means, for each category of Specified Auction Rate Securities, the
difference between the applicable amounts identified in the columns labeled “Face Value” and “Temporary Impairment” in the attachment to the certificate previously delivered to the Global Agent and the Lenders on the ARS
Certification Date. 
 “FAS 13/98 Transactions” means any real estate transaction that falls within the scope
of EITF No. 97-10 “The Effect of Lessee Involvement in Asset Construction” or qualifies for sale-leaseback treatment under FAS No. 13 or No. 98 or is accounted for under FAS No. 66, but with respect to which neither the
Parent nor any of its Subsidiaries has acquired and sold the asset that is the subject of such transaction. 
 “FAS
159” has the meaning provided in Section 1.04. 
 “FATCA” means Sections 1471 through 1474 of the
Code, as of the date of this Agreement (and any amended or successor version of such provisions that is substantively comparable and not materially more onerous to comply with), and any current or future regulations or official interpretations
thereof. 
 “FATCA Documentation” has the meaning provided in Section 3.03(b). 

“Federal Funds Effective Rate” means, for any day, the rate per annum (based on a year of 360 days and actual days
elapsed and rounded upward to the nearest 1/100 of 1%) announced by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted average of the rates on overnight federal funds transactions arranged by federal funds
brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor) in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the
“Federal Funds Effective Rate” as of the date of this Agreement; provided, if such Federal Reserve Bank (or its successor) does not announce such rate on any day, the “Federal Funds Effective Rate” for such day shall be the
Federal Funds Effective Rate for the last day on which such rate was announced. 
 “Federal Funds Open Rate”
means, for any day, the rate per annum (based on a year of 360 days and actual days elapsed) which is the daily federal funds open rate as quoted by ICAP North America, Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day
opposite the caption “OPEN” 

  
 14 









 
(or on such other substitute Bloomberg Screen that displays such rate), or as set forth on such other recognized electronic source used for the purpose of displaying such rate as selected by the
Global Agent (for purposes of this definition, an “Alternate Source”) (or if such rate for such day does not appear on the Bloomberg Screen BTMM (or any substitute screen) or on any Alternate Source, or if there shall at any time, for any
reason, no longer exist a Bloomberg Screen BTMM (or any substitute screen) or any Alternate Source, a comparable replacement rate determined by the Global Agent at such time (which determination shall be conclusive absent manifest error); provided
however, that if such day is not a Business Day, the Federal Funds Open Rate for such day shall be the “open” rate on the immediately preceding Business Day. If and when the Federal Funds Open Rate changes, the rate of interest with
respect to any advance to which the Federal Funds Open Rate applies will change automatically without notice to the Borrowers, effective on the date of any such change. 
 “Fees” means all amounts payable pursuant to, or referred to in, Section 2.11. 
 “Financial Officer” means the Chief Financial Officer, Chief Operations Officer, the Senior Vice President, the Vice President having authority over financial matters or the Treasurer of
the Company and/or the Parent, as applicable. 
 “Financial Projections” has the meaning provided in
Section 4.04(b). 
 “Fixed Commitment Percentage” means, at any time for any Lender, the percentage
obtained by dividing such Lender’s Facility Commitment by the Total Facility Commitment; provided, however, that if the Total Facility Commitment has been terminated, the Fixed Commitment Percentage for each Lender shall be determined by
dividing such Lender’s Facility Commitment immediately prior to such termination by the Total Facility Commitment immediately prior to such termination. The Fixed Commitment Percentage of each Lender as of the Closing Date is set forth on
Schedule 1 hereto. 
 “Fixed Rate Loan” means any Eurodollar Loan, Foreign Currency Loan or BA
Equivalent Loan. 
 “Foreign Bank Guarantee” means any bank guarantee collateralized by cash and securities and
directly relating to foreign lease obligations. 
 “Foreign Credit Party” means any Foreign Subsidiary Borrower
or any Foreign Subsidiary Guarantor. 
 “Foreign Currency Loan” means each Revolving Loan denominated in a
Designated Foreign Currency and bearing interest at a rate based upon the Adjusted Foreign Currency Rate. 
 “Foreign
Exposure” means, as the context may require, the Aggregate Canadian Sub-Facility Exposure, the Canadian Sub-Facility Exposure, or the Foreign Subsidiary Borrower Exposure. 

“Foreign Guaranty Principles” means the following principles: (i) a Foreign Subsidiary shall not be required to
enter into a Foreign Subsidiary Guaranty if it, the Parent, or any Subsidiary of the Parent would be reasonably likely to be obliged to pay any additional amounts in respect of Taxes in any jurisdiction; (ii) a Foreign Subsidiary shall not be
required to enter into a Foreign Subsidiary Guaranty to the extent that it would constitute an unlawful act of the relevant Foreign Subsidiary or any of its officers or directors or result in any breach of corporate benefit, financial assistance,
fraudulent preference or thin capitalization laws or regulations of any jurisdiction; (iii) Foreign Subsidiary Guarantors shall only be required to guarantee the obligation of a Foreign Subsidiary Borrower that is the direct parent company of
such Foreign Subsidiary Guarantor (the “Foreign Subsidiary Borrower Parent”); and (iv) the maximum amount recoverable from a Foreign Subsidiary Guarantor under a Foreign Subsidiary Guaranty shall be limited to the aggregate of
any amounts borrowed by the relevant Foreign Subsidiary Guarantor from its 

  
 15 









 
Foreign Subsidiary Borrower Parent where the monies lent by the Foreign Subsidiary Borrower Parent to the relevant Foreign Subsidiary Guarantor have been obtained from Loans made under the
Agreement, provided and to the extent that such amounts borrowed by the relevant Foreign Subsidiary Guarantor remain outstanding. 
 “Foreign Lending Office” means, with respect to each Lender, in the case of matters relating to the Foreign Subsidiary Borrowers, the office(s) designated by such Lender to the Global
Agent as such Lender’s lending office(s) for purposes of making Loans to each such Foreign Subsidiary Borrower. 

“Foreign Revolving Facility Borrower” means each of (a) Abercrombie & Fitch (UK) Limited, a company
registered in England and Wales with company number 05391078, (b) Abercrombie & Fitch Europe S.A., a corporation existing under the laws of Switzerland, (c) AFH Japan, G.K., a limited company registered in Japan,
(d) Hollister Co. (UK) LTD, a company registered in England and Wales with company number 06423604 and (e) any Foreign Subsidiary that becomes a Revolving Facility Borrower pursuant to Section 2.16 hereof; provided, however,
that the Canadian Borrower shall not be eligible to be a Foreign Revolving Facility Borrower hereunder. 
 “Foreign
Revolving Facility Borrower Obligations” means all amounts, indemnities and reimbursement obligations, direct or indirect, contingent or absolute, of every type or description, and at any time existing, owing by any Foreign Revolving
Facility Borrower to the Global Agent, any Lender or any LC Issuer pursuant to the terms of this Agreement or any other Loan Document (including, but not limited to, interest and fees that accrue after the commencement by or against any Credit Party
of any insolvency proceeding, regardless of whether such interest and fees are allowed claims in such proceeding). 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“Foreign Subsidiary Borrower” means the Canadian Borrower or a Foreign Revolving Facility Borrower. 

“Foreign Subsidiary Borrower Exposure” means, at any time, the Aggregate Revolving Facility Exposure in respect of the
Foreign Revolving Facility Borrowers at such time. 
 “Foreign Subsidiary Borrower Parent” has the meaning
provided in the definition of “Foreign Guaranty Principles.” 
 “Foreign Subsidiary Guarantor” has
the meaning provided in Section 5.02(iii). 
 “Foreign Subsidiary Guaranty” has the meaning provided in
Section 5.02(iii). 
 “Forward Minimum Rent Commitments” means Minimum Rent commitments (less related
sublease income) under non-cancelable store leases, including under any such store leases of any Person other than the Parent, the Company or a Subsidiary to the extent, directly or indirectly guaranteed, endorsed or assumed by the Parent, the
Company or any Subsidiary or in respect of which the Parent, the Company or any Subsidiary is primarily liable (or contingently or otherwise liable), for the fiscal year following the Parent’s most recently ended fiscal year, as certified by a
Financial Officer. 
 “Funding Amount” means, with respect to any Revolving Borrowing or Revolving Facility LC
Issuance, such Lender’s pro rata share of such Revolving Borrowing or Revolving Facility LC Issuance based upon such Lender’s applicable Funding Percentage in effect at the time such Revolving Borrowing is to be made or such
Revolving Facility LC Issuance. 

  
 16 









 “Funding Percentage” means, for each Lender at the time of any Revolving
Borrowing or Revolving Facility LC Issuance, (i) if there is no Aggregate Canadian Sub-Facility Exposure, such Lender’s Fixed Commitment Percentage, or (ii) if there is any Aggregate Canadian Sub-Facility Exposure, such Lender’s
Adjusted Commitment Percentage. 
 “GAAP” means generally accepted accounting principles in the United States
of America as in effect from time to time. 
 “Global Agent” has the meaning provided in the first paragraph of
this Agreement and shall include any successor to the Global Agent appointed pursuant to Section 9.11. 
 “Global
Agent Fee Letter” means the Global Agent Fee Letter dated as of the Closing Date between the Company and the Global Agent. 
 “Governmental Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state, provincial, territorial, municipal or
local, and any agency, authority, instrumentality, regulatory body, court, central bank, global tribunal, or other entity exercising executive, legislative, judicial, taxing, regulatory, administrative or global powers or functions of or pertaining
to government. 
 “Guarantors” means, collectively, the Parent and the Subsidiary Guarantors. 

“Guarantee Obligations” as to any Person (the “guarantor”) means any obligation, contingent or otherwise, of
such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of
the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the
payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation; provided, that the term Guarantee Obligation shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee Obligation shall be deemed to be an amount
equal to the stated or determinable amount of the primary Indebtedness in respect of which such Guarantee Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is
required to perform thereunder) as determined by such Person in good faith. 
 “Hazardous Materials” means all
explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, friable asbestos or materials containing friable asbestos, polychlorinated biphenyls,
radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 
 “Hedge Agreement” means (i) any interest rate swap agreement, any interest rate cap agreement, any interest rate collar agreement or other similar interest rate management agreement
or arrangement, (ii) any currency swap or option agreement, foreign exchange contract, forward currency purchase agreement or similar currency management agreement or arrangement or (iii) any Commodities Hedge Agreement. 

“Immaterial Subsidiary” means any Subsidiary of the Company other than a Material Subsidiary. 

  
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 “Increased Costs” has the meaning provided in Section 3.01(a)(ii).

 “Increasing Revolving Lender” has the meaning provided in Section 2.17. 

“Incremental Facility Amount” means $100,000,000. 

“Indebtedness” of any Person means without duplication (a) all obligations of such Person for borrowed money,
(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person,
(d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (e) all Indebtedness of others secured by (or for which
the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantee
Obligations of such Person with respect to Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and
letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (j) the present value, determined on the basis of the implicit interest rate, of all basic rental obligations under
all Synthetic Leases of such Person, (k) all obligations of such Person with respect to asset securitization financing, (l) all obligations of such Person to pay a specified purchase price for goods or services whether or not delivered or
accepted, i.e., take-or-pay and similar obligations in excess of the aggregate for all such obligations of $1,000,000, and (m) the full outstanding balance of trade receivables, notes or other instruments sold with full recourse (and the
portion thereof subject to potential recourse, if sold with limited recourse, other than for breach of representations and/or warranties by the seller or its Affiliate), other than in any such case any thereof sold solely for purposes of collection
of delinquent accounts. The Indebtedness of any Person shall include, without duplication, the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a
result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor 

“Indemnitees” has the meaning provided in Section 11.02. 

“Insolvency Event” means, with respect to any Person, (i) the commencement of a voluntary case or proceeding by
such Person under the Bankruptcy Code or the seeking of relief by such Person under any bankruptcy or insolvency or analogous law in any jurisdiction outside of the United States (including, without limitation, the Bankruptcy and Insolvency Act
(Canada), the Companies’ Creditors Arrangement Act (Canada) or the Winding-Up and Restructuring Act (Canada) (collectively, the “Canadian Insolvency Acts”); (ii) the commencement of an involuntary case or
proceeding against such Person under the Bankruptcy Code or the Canadian Insolvency Acts and the petition is not controverted within 10 days, or is not dismissed within 60 days, after commencement of the case or proceeding; (iii) a custodian
(as defined in the Bankruptcy Code) or a receiver, interim receiver, trustee or monitor, or any similar person under any insolvency law is appointed for, or takes charge of, all or substantially all of the property of such Person; (iv) such
Person commences (including by way of applying for or consenting to the appointment of, or the taking of possession by, a rehabilitator, receiver, interim receiver, monitor, custodian, trustee, conservator or liquidator (collectively, a
“conservator”) of such Person or all or any substantial portion of its property) any other proceeding under any reorganization, arrangement, adjustment or composition of debt, relief of debtors, dissolution, insolvency, liquidation,
rehabilitation, conservatorship or similar law of any jurisdiction whether now or hereafter in effect relating to such Person; (v) any such proceeding of the type set forth in clause (iv) above is commenced against such Person to the
extent such proceeding is consented to by such Person or remains undismissed for a period of 60 days; (vi) such Person is adjudicated insolvent or bankrupt; (vii) any order of relief or other order approving any such case or proceeding is
entered; (viii) such Person suffers any appointment of any 

  
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conservator or the like for it or any substantial part of its property that continues undischarged or unstayed for a period of 60 days; (ix) such Person makes a general assignment for the
benefit of creditors or generally does not pay its debts as such debts become due; or (x) any corporate (or similar organizational) action is taken by such Person for the purpose of effecting any of the foregoing. 

“Interest Expense” means, for any period, the gross interest expense of the Parent and the Subsidiaries for such period
determined on a consolidated basis in accordance with GAAP. 
 “Interest Income” means, for any period,
interest income of the Parent and the Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. 

“Interest Payment Date” has the meaning provided in Section 2.09(e). 

“Interest Period” means, with respect to each Fixed Rate Loan, a period of one, two, three or six months as selected by
the applicable Borrower; provided, however, that (i) the initial Interest Period for any Borrowing of such Fixed Rate Loan shall commence on the date of such Borrowing (the date of a Borrowing resulting from a Conversion or Continuation
shall be the date of such Conversion or Continuation) and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period begins
on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of such calendar month; (iii) if any Interest Period would otherwise
expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided, however, that if any Interest Period would otherwise expire on a day that is not a Business Day but is a day of the
month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; (iv) no Interest Period for any Fixed Rate Loan may be selected that would end after the Credit Facility
Termination Date; (v) if, upon the expiration of any Interest Period, the applicable Borrower has failed to (but is otherwise permitted to) elect a new Interest Period to be applicable to the respective Borrowing of any Fixed Rate Loan, such
Borrower shall be deemed to have elected to Continue such Borrowing as a Fixed Rate Loan with the same Interest Period as the Fixed Rate Loan that is then expiring; and (vi) if, upon the expiration of any Interest Period, the applicable
Borrower is not permitted to elect a new Interest Period to be applicable to the respective Borrowing of any Fixed Rate Loan (other than a Foreign Currency Loan), such Borrower shall be deemed to have elected to Convert such Borrowing to a Base Rate
Loan, or in the case of any Foreign Currency Loan, effective as of the expiration date of such current Interest Period, such Borrower shall be required to repay the same in full. 

“Investment Policy” means the investment policies for global cash management and the rabbi trust of the Parent as
approved by the Parent’s board of directors as in effect from time to time. 
 “Joinder Agreement” has the
meaning provided in Section 5.02(i). 
 “Judgment Amount” has the meaning provided in Section 11.23.

 “LC Documents” means, with respect to any Letter of Credit, any documents executed in connection with such
Letter of Credit, including the Letter of Credit itself. 
 “LC Fee” means any of the fees payable pursuant to
Section 2.11(b) in respect of Letters of Credit. 
 “LC Issuance” means any Revolving Facility LC
Issuance. 
 “LC Issuer” means with respect to any Revolving Facility Letter of Credit, PNC Bank, National
Association or any of its branches or Affiliates, JPMorgan Chase Bank, N.A. or any of its branches or 

  
 19 









 
Affiliates, The Huntington National Bank or any of its branches or Affiliates or such other Lender that is requested by the Company and agrees to be an LC Issuer hereunder and is approved by the
Global Agent, which approval shall not be unreasonably withheld or delayed. 
 “LC Obligor” means with respect
to any Revolving Facility Letter of Credit, the Company, any other Revolving Facility Borrower or any Subsidiary. 

“Leaseholds” of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under
leases or licenses of land, improvements and/or fixtures. 
 “Lender” and “Lenders” have the
meaning provided in the first paragraph of this Agreement and includes any other Person that becomes a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and
Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swing Line Lender. 

“Lender Default” means (i) the refusal (which has not been retracted) of a Lender in violation of the requirements
of this Agreement to make available its portion of any Borrowing or to fund its portion of any Revolving Facility LC Participation or Swing Loan Participation, as the case may be, unless the same is the subject of a good faith dispute, or
(ii) a Lender having notified the Global Agent that it does not intend to comply with its obligations under Article II, in the case of (ii) as a result of the appointment of a receiver or conservator with respect to such Lender at the
direction or request of any regulatory agency or authority. 
 “Lender Register” has the meaning provided in
Section 2.08(b). 
 “Letter of Credit” means any Revolving Facility Letter of Credit. 

“Leverage Ratio” means for the Parent and the Subsidiaries on a consolidated basis as of the end of each Testing Period
and as of any time Pro Forma Compliance is required to be demonstrated, the ratio of (i) Adjusted Total Debt to (ii) Consolidated EBITDAR for the Testing Period most recently ended. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien (statutory or otherwise), pledge,
hypothecation, encumbrance, charge or security interest in, on or of 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, any purchase option, call or similar right of a third party with respect to such securities. 

“Loan” means any Revolving Loan, Canadian Revolving Loan or Swing Loan. 

“Loan Documents” means this Agreement, the Notes, the Parent Guaranty, the Domestic Credit Party Guaranty, the Foreign
Subsidiary Guaranty, the Global Agent Fee Letter, the Closing Fee Letter, any Joinder Agreement and any LC Document. 

“Loss” has the meaning provided in Section 11.23. 

“Mandatory Costs” means those costs calculated in accordance with Schedule 4. 

“Margin Stock” has the meaning provided in Regulation U. 

“Material Adverse Effect” means a material adverse effect on (a) the business, assets, results of operations or
financial condition of the Parent and the Subsidiaries taken as a whole, (b) the ability of the 

  
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Parent or the Borrower to perform any of its obligations under this Agreement or any other Loan Document or (c) the rights of or benefits available to the Lenders under this Agreement or any
Loan Document. 
 “Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or
obligations in respect of one or more Hedge Agreements, of any one or more of the Parent, any Borrower and the Subsidiaries in an aggregate principal amount exceeding $25,000,000 (or the Dollar Equivalent thereof). For purposes of determining
Material Indebtedness, the “principal amount” of the obligations of the Parent, any Borrower or any Subsidiary in respect of any Hedge Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements)
that the Parent, such Borrower or such Subsidiary would be required to pay if such Hedge Agreement were terminated at such time. 
 “Material Subsidiary” means (a) the Borrowers, (b) any Subsidiary owning an Equity Interest in a Material Subsidiary and (c) any other Subsidiary (i) the consolidated
revenues of which for the most recent fiscal year of the Parent for which audited financial statements have been delivered pursuant to Section 6.01 were greater than 10% of the Parent’s consolidated revenues for such fiscal year or
(ii) that as of the end of such fiscal year comprised greater than 10% of the Consolidated Tangible Assets as of such date, or (iii) the EBITDAR of which as of the end of such fiscal year was greater than 10% of Consolidated EBITDAR for
such fiscal year. 
 “Maximum Credit Facility Amount” means the Dollar Equivalent of $350,000,000, as such
amount may be reduced pursuant to Section 2.12 or increased pursuant to Section 2.17. 
 “Maximum Foreign
Exposure Amount” means the Dollar Equivalent of $175,000,000, as such amount may be reduced pursuant to Section 2.12. 
 “Minimum Borrowing Amount” means (i) with respect to any US Base Rate Loan, $5,000,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency), with minimum increments
thereafter of $1,000,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency), (ii) with respect to any Eurodollar Loan or Foreign Currency Loan, $5,000,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency),
with minimum increments thereafter of $1,000,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency), (iii) with respect to any Canadian Prime Rate Loan, C$5,000,000, with minimum increments thereafter of C$1,000,000,
(iv) with respect to any BA Equivalent Loan C$5,000,000, with minimum increments thereafter of C$1,000,000, and (v) with respect to Swing Loans, $500,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency), with minimum
increments thereafter of $500,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency). 
 “Minimum
Rent” means total store rent expense less contingent store rent less non-cash rent expense, and shall exclude any store lease payments to landlords related to the Ruehl Exit in an aggregate amount not to exceed $55,000,000. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Parent,
the Company or any ERISA Affiliate is making or accruing an obligation to make contributions or has within any of the preceding three plan years made or accrued an obligation to make contributions. 

“Multiple Employer Plan” means an employee benefit plan, other than a Multiemployer Plan, to which the Parent, the
Company or any ERISA Affiliate, and one or more employers other than the Parent, the Company or an ERISA Affiliate, is making or accruing an obligation to make contributions or, in the 

  
 21 









 
event that any such plan has been terminated, to which the Parent, the Company or an ERISA Affiliate made or accrued an obligation to make contributions during any of the five plan years
preceding the date of termination of such plan. 
 “1934 Act” shall mean the Securities Exchange Act of 1934,
as amended. 
 “Net Interest Expense” means the greater of (a) zero and (b) Interest Expense less
Interest Income. 
 “Non-Canadian Lender” means any Lender that does not have a Canadian Commitment (either
directly or by its Canadian Lending Installation). 
 “Non-Cash Compensation Charge” means, for any period,
non-cash compensation expenses or other non-cash charges arising from the grant of or issuance of stock options, restricted stock, restricted stock units or stock-settled stock appreciation rights in connection with employee plans or other equity
compensation arrangements. 
 “Non-Defaulting Lender” means each Lender other than a Defaulting Lender.

 “Non-Increasing Revolving Lender” has the meaning provided in Section 2.17. 

“Non-refundable Portion of Swiss Withholding Tax” has the meaning provided in paragraph (iii) of
Section 2.09(h). 
 “Note” means a Revolving Facility Note or the Swing Line Note, as applicable.

 “Notice of Borrowing, Continuation or Conversion” has the meaning provided in Section 2.06(b).

 “Notice of Swing Line Refunding” has the meaning provided in Section 2.04(b). 

“Notice Office” means the office of the Global Agent at 500 First Avenue, 4th Floor, Pittsburgh, Pennsylvania 15219,
Attention: Agency Services (facsimile: 412-762-8672), with a copy to the office of the Global Agent at 155 East Broad Street, Locator B4-B230-07-05, Columbus, Ohio 43215, Attention: Tom Redmond (facsimile: 614-463-7350), or such other office as
the Global Agent may designate in writing to the Company from time to time. 
 “Notifiable Party” has the
meaning provided in Section 2.05(h)(i). 
 “Obligations” means all amounts, indemnities and reimbursement
obligations, direct or indirect, contingent or absolute, of every type or description, and at any time existing, owing by the Borrowers or any other Credit Party to the Global Agent, any Lender, the Swing Line Lender or any LC Issuer pursuant to the
terms of this Agreement or any other Loan Document (including, but not limited to, interest and fees that accrue after the commencement by or against any Credit Party of any insolvency proceeding, regardless of whether allowed or allowable in such
proceeding or subject to an automatic stay under Section 362(a) of the Bankruptcy Code or the Canadian Insolvency Acts). 

“Operating Lease” as applied to any Person means any lease of any property (whether real, personal or mixed) by that
Person as lessee that, in conformity with GAAP, is not accounted for as a Capital Lease on the balance sheet of that Person. 

“Organizational Documents” means, with respect to any Person (other than an individual), such Person’s Articles
(Certificate) of Incorporation, or equivalent formation documents, and Regulations (Bylaws), or equivalent governing documents, and any amendments to any of the foregoing. 

  
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 “Original Due Date” has the meaning provided in Section 11.23.

 “Other Taxes” has the meaning provided in Section 11.01. 

“Parent” has the meaning provided in the first paragraph of this Agreement. 

“Participant” has the meaning provided in Section 11.05(b). 

“Payment Office” means, with respect to all matters other than those relating to the making and repayment of Canadian
Revolving Loans or other Canadian Obligations, the office of the Global Agent at 500 First Avenue, 4th Floor, Pittsburgh, Pennsylvania 15219, Attention: Agency Services (facsimile: 412-762-8672), or such other office(s), as the Global Agent may
designate to the Company in writing from time to time. 
 “Payment Sharing Percentage” means, with respect to
any Lender or Canadian Lender at any time (i) with respect to any payment relating to the Revolving Facility, (A) if there is no Aggregate Canadian Sub-Facility Exposure, such Lender’s Fixed Commitment Percentage or (B) if there
is any Aggregate Canadian Sub-Facility Exposure, the percentage obtained by dividing such Lender’s Revolving Facility Exposure immediately prior to such payment by the Aggregate Revolving Facility Exposure immediately prior to such payment, and
(ii) with respect to any payment relating to the Canadian Sub-Facility, such Canadian Lender’s Canadian Commitment Percentage in effect at such time. 
 “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Section 4002 of ERISA, or any successor thereto. 

“Permitted Acquisition” means any Acquisition as to which all of the following conditions are satisfied: 

(i) such Acquisition involves a line or lines of business that is or are complementary to the lines of business in which
the Parent and its Subsidiaries, considered as an entirety, are engaged on the Closing Date; 
 (ii) no Default
or Event of Default is continuing at the time of or immediately after giving effect to such Acquisition; and 

(iii) the Parent and its Subsidiaries would, after giving effect to such Acquisition, be in Pro Forma Compliance with the
financial covenants contained in Section 7.07. 
 “Permitted Investments” means: 

(a) direct obligations of the United States Treasury; 

(b) debt securities of United States Federal agencies and United States government sponsored enterprises which carry the
explicit or implied guarantee of the United States Government, including the Government National Mortgage Association, the Federal Home Loan Bank, the Federal Farm Credit Bank, the Federal National Mortgage Association, and the Student Loan
Marketing Association; 
 (c) certificates of deposit and banker’s acceptances of domestic or foreign
banking institutions with total assets in excess of US$1,000,000,000 and which are rated S&P and Moody’s A-1/P-1 or the equivalent; 

  
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 (d) corporate debt instruments (including Rule 144A debt securities) which
are denominated and payable in U.S. dollars and are issued by companies which carry a rating of A1/A+ or better, or in the case of commercial paper are rated A2/P2 or better; 

(e) asset-backed securities of auto and credit card receivables issuers carrying an S&P rating of AAA or better;

 (f) auction preferred stock and auction rate certificates that, (i) at the date of purchase are (or were
at the date of purchase) rated at least AA by S&P (or the equivalent) and (ii) at the date of purchase have (or had at the date of purchase) not more than 180 days until the next auction; 

(g) short-term tax exempt debt obligations of Governmental Authorities consisting of municipal notes, commercial paper,
auction rate notes and floating rate notes rated A1/P1 by S&P and Moody’s, municipal notes rated SP1/MIG-1 or better and bonds rated AA or better; 
 (h) repurchase agreements with major banks and dealers that are recognized as primary dealers by the Federal Reserve Bank of New York and which are collateralized by United States Treasury or agencies
securities valued at 102% of the purchase price; 
 (i) United States money market funds that comply with the
requirements of Rule 2a-7 under the Investment Company Act of 1940 and are rated as least AA/Aa by S&P and Moody’s; 
 (j) in the case of any Foreign Subsidiary, obligations and securities of any foreign Governmental Authority or financial institution meeting substantially similar criteria; and 

(k) any other investments that are made pursuant to the Investment Policy approved by the Parent’s board of
directors. 
 “Permitted Lien” means: 

(a) Liens imposed by law for taxes that are not yet due or are being contested in compliance with Section 6.04;

 (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like
Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in compliance with Section 6.04; 

(c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation,
unemployment insurance and other social security laws or regulations; 
 (d) deposits to secure the performance
of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(e) easements, servitudes, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or
arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any Subsidiary;

 (f) interests of a lessor or lessee arising under a lease; 

  
 24 









 (g) Liens resulting from judgments provided such judgments in the aggregate
do not constitute an Event of Default under clause (k) of Section 8.01; 
 (h) Liens on assets of
Foreign Subsidiaries arising by operation of law (or created as a matter of mandatory law) or pursuant to customary business practice and that do not materially affect the value of such assets; and 

(i) Liens incurred in connection with Foreign Bank Guarantees permitted by Section 7.01(j); 

(j) provided that the term “Permitted Lien” shall not include any Lien securing Indebtedness. 

“Person” means any natural person, corporation, limited liability company, unlimited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
single-employer plan, as defined in Section 4001 of ERISA, that is maintained or contributed to by (or to which there is an obligation to contribute by) the Parent or a Subsidiary of the Parent or an ERISA Affiliate, and each such plan for the
five-year period immediately following the latest date on which the Parent, or a Subsidiary of the Parent or an ERISA Affiliate maintained, contributed to or had an obligation to contribute to such plan. For the avoidance of doubt, “Plan”
does not include any employee benefit plan provided exclusively in respect of employment in any country other than the United States. 
 “Primary Indebtedness” has the meaning provided in the definition of “Guarantee Obligations.” 
 “Primary Obligor” has the meaning provided in the definition of “Guarantee Obligations.” 
 “Prime Rate” means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall at all times be equal the rate of interest
established by the Global Agent from time to time, as its prime rate, whether or not publicly announced, which interest rate may or may not be the lowest rate charged by it for commercial loans or other extensions of credit. Any change in the Prime
Rate shall take effect at the opening of business on the day such change is announced. 
 “Pro Forma Basis”
means, with respect to compliance with any test or covenant hereunder, in connection with or after the occurrence of any Acquisition, compliance with such covenant or test after giving effect to such Acquisition (including pro forma adjustments
arising out of events that are directly attributable to such proposed Acquisition, are factually supportable and are expected to have a continuing impact, using, for purposes of determining such compliance, the historical financial statements of all
entities or assets so acquired or to be acquired, and the consolidated financial statements of the Parent and its Subsidiaries that shall be reformulated as if such Acquisition, and any other Acquisitions that have been consummated during the
relevant period, and the incurrence, assumption and/or repayment of any Indebtedness or other liabilities incurred in connection with any such Acquisitions or otherwise during the relevant period had been consummated, incurred or repaid,
respectively, at the beginning of such period and assuming that any such Indebtedness bears interest during any portion of the applicable measurement period prior to the relevant Acquisition at the interest rates applicable to outstanding Loans
during such period). 
 “Pro Forma Compliance” means, at any date of determination, that the Parent and its
Subsidiaries would have been in compliance with the covenants set forth in Section 7.07 as of the last day of the most recently ended Testing Period (had the cash dividend or share repurchase being tested been made on the last day of such
Testing Period, or, in the case of any Acquisition, on the first day of such Testing Period, 

  
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and in each case computed on the basis of (a) balance sheet amounts as of the most recently completed fiscal quarter, and (b) income statement amounts for the most recently completed
Testing Period, in each case, for which financial statements have been delivered to the Global Agent and, in the case of an Acquisition, calculated on a Pro Forma Basis). 
 “Prohibited Transaction” means a transaction with respect to a Plan that is prohibited under Section 4975 of the Code or Section 406 of ERISA and not exempt under
Section 4975 of the Code or Section 408 of ERISA. 
 “Published Rate” means the rate of interest
published each Business Day in The Wall Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published
Rate shall be the rate at which U.S. Dollar deposits are offered by leading banks in the London interbank deposit market for a one month period as published in another widely and internationally recognized publication selected by the Global
Agent). 
 “Purchase Date” has the meaning provided in Section 2.04(c). 

“Qualifying Certificate” has the meaning provided in Section 3.03(b). 

“Qualifying Lender” means a Lender that is either (a) treated as a resident of a jurisdiction that has a double
taxation agreement with the jurisdiction of the relevant Borrower, which double taxation agreement provides for full exemption for such Lender from any tax imposed by the jurisdiction of the relevant Borrower on interest or (b) fully exempt
from the withholding of tax on interest under a relevant tax law in the jurisdiction of the relevant Borrower. 

“Qualifying Participation” means a participation that is entered into on terms that the relevant taxation authorities of
Switzerland have confirmed will not result in any party to such participation being treated as a Swiss Non-Qualifying Lender. 

“Quoted Rate” means, with respect to any Swing Loan, the interest rate quoted to the Company by the Swing Line Lender
and agreed to by the Company as being the interest rate applicable to such Swing Loan. 
 “RCRA” means the
Resource Conservation and Recovery Act, as the same may be amended from time to time, 42 U.S.C. § 6901 et seq. 
 “Real Property” of any Person shall mean all of the right, title and interest of such Person in and to land, improvements and fixtures, including Leaseholds. 

“Reference Banks” means (i) PNC Bank, National Association and (ii) JPMorgan Chase Bank N.A. or, if any of the
foregoing cease to be a Lender under this Agreement, any other Lender selected by the Global Agent. 
 “Regulation
D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof establishing reserve requirements. 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect
and any successor to all or a portion thereof establishing margin requirements. 
 “Related Parties” means,
with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and of such Person’s 

  
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Affiliates, other than, in the case of any Lender or any of its Affiliates, any of the shareholders of the ultimate parent company of such Lender or such Lender’s Affiliates. 

“Relevant Amount” has the meaning provided in Section 2.09(h)(ii). 

“Reportable Event” means an event described in Section 4043 of ERISA or the regulations thereunder with respect to
a Plan, other than those events as to which the notice requirement is waived under subsections .22, .23, .25, .27, .28, .29, .30, .31, .32, .34, .35, .62, .63, .64, .65 or .67 of PBGC Regulation Section 4043. 

“Required Lenders” means (i) at any time prior to the termination of the Commitments (whether pursuant to
Section 8.02(a) or otherwise), Non-Defaulting Lenders whose Facility Commitments constitute at least 51% of the Total Facility Commitment, and (ii) at any time thereafter, Non-Defaulting Lenders whose Credit Facility Exposure constitutes
at least 51% of the Aggregate Credit Facility Exposure. 
 “Restricted Payment” means (a) any dividend or
other distribution (whether in cash, securities or other property) with respect to any Equity Interest of the Parent, the Company or any Subsidiary, or (b) any payment (whether in cash, securities or other property), including any sinking fund
or similar deposit, on account of (i) the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interest of the Parent, the Company or any Subsidiary or (ii) any option, warrant or other right to acquire
any such Equity Interest of the Parent, the Company or any Subsidiary. 
 “Revolving Borrowing” means the
incurrence of Revolving Loans consisting of one Type of Revolving Loan, by a Revolving Facility Borrower from the Lenders on a given date (or resulting from Conversions or Continuations on a given date) in the same currency, having in the case of
any Fixed Rate Loans the same Interest Period. 
 “Revolving Facility” means the credit facility established
under Section 2.02 pursuant to the Facility Commitment of each Lender. 
 “Revolving Facility Borrower”
means the Company or any Foreign Revolving Facility Borrower. 
 “Revolving Facility Exposure” means, for any
Lender at any time, the Dollar Equivalent of the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, (ii) such Lender’s share of the Revolving Facility LC Outstandings at such time, and
(iii) in the case of the Swing Line Lender, the principal amount of Swing Loans made by it and outstanding at such time. 

“Revolving Facility LC Commitment Amount” means $350,000,000 or the Dollar Equivalent thereof in Designated Foreign
Currency (as the same may be decreased pursuant to Section 2.12 or as the same may be increased pursuant to Section 2.17. 
 “Revolving Facility LC Issuance” means the issuance of any Revolving Facility Letter of Credit by any LC Issuer for the account of an LC Obligor in accordance with the terms of this
Agreement, and shall include any amendment thereto that increases the Stated Amount thereof or extends the expiry date of such Revolving Facility Letter of Credit. 
 “Revolving Facility LC Outstandings” means, at any time, the sum, without duplication, of (i) the Dollar Equivalent of the aggregate Stated Amount of all outstanding Revolving
Facility Letters of Credit and (ii) the Dollar Equivalent of the aggregate amount of all Unpaid Drawings with respect to Revolving Facility Letters of Credit. 
 “Revolving Facility LC Participant” has the meaning provided in Section 2.05(i). 

  
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 “Revolving Facility LC Participation” has the meaning provided in
Section 2.05(i). 
 “Revolving Facility LC Request” has the meaning provided in Section 2.05(b).

 “Revolving Facility Letter of Credit” means (i) any Existing Letter of Credit or (ii) any Standby
Letter of Credit or Trade Letter of Credit, in each case issued by any LC Issuer under this Agreement pursuant to Section 2.05 for the account of any LC Obligor. 
 “Revolving Facility Note” means a promissory note substantially in the form of Exhibit A-1 hereto. 
 “Revolving Loan” means, with respect to each Lender, any Loan made by such Lender pursuant to Section 2.02. 
 “Ruehl Exit” means store closings, brand exiting related activities and other discontinued operations or infrastructure downsizing (including, without limitation, store lease buyout,
store debranding and related payments and expenses related to severance and related employment matters), in each case directly related to the exit of the Ruehl business and brand. 

“Sale and Lease-Back Transaction” means any arrangement with any Person providing for the leasing by the Parent or any
of its Subsidiaries of any property (except for temporary leases for a term, including any renewal thereof, of not more than one year and except for leases between the Parent and a Subsidiary or between Subsidiaries), which property has been or is
to be sold or transferred by the Parent or such Subsidiary to such Person, and shall in all events exclude any FAS 13/98 Transaction. 
 “S&P” means Standard & Poor’s Ratings Group, a division of McGraw Hill, Inc., and its successors. 

“Schedule I Canadian Lender” means any bank named on Schedule I to the Bank Act (Canada). 

“Schedule I Reference Canadian Lenders” means Canadian Imperial Bank of Commerce and Bank of Montreal. 

“Schedule 5 Foreign Subsidiaries” means those Foreign Subsidiaries of the Company set forth on Schedule 5 hereto.

 “SEC” means the United States Securities and Exchange Commission. 

“SEC Regulation D” means Regulation D as promulgated under the Securities Act of 1933, as amended, as the same may be in
effect from time to time. 
 “Secured Hedge Cap” means $25,000,000; provided that, in the event that
applicable governmental regulations require cash and securities to be used to secure Hedge Agreements, the Secured Hedge Cap shall be increased to $50,000,000 during the time such regulations are in effect. 

“Specified Auction Rate Securities” means the specific Auction Rate Securities disclosed to the Global Agent and the
Lenders on the ARS Certification Date in a certificate delivered to the Global Agent on such date. 
 “Standby Letter of
Credit” means each irrevocable letter of credit issued by any LC Issuer relating to obligations (including performance obligations) of the Company, any Subsidiary or any Credit Party 


  
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incurred pursuant to contracts to which the Company, any Subsidiary or any Credit Party is or proposes to become a party in the ordinary course of business. 

“Stated Amount” of each Letter of Credit shall mean the maximum amount available to be drawn thereunder (regardless of
whether any conditions or other requirements for drawing could then be met). 
 “Subsidiary” of any Person
shall mean and include (i) any corporation more than 50% of whose Equity Interests of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or
not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries, and (ii) any
partnership, limited liability company, association, joint venture or other entity in which such Person directly or indirectly through Subsidiaries, has more than a 50% equity interest at the time or in which the Parent, the Company or one or more
other Subsidiaries of the Parent, directly or indirectly, has the power to direct the policies, management and affairs thereof. Unless otherwise expressly provided, all references herein to “Subsidiary” shall mean a Subsidiary of the
Parent or the Company, as applicable. 
 “Subsidiary Guarantor” means any Subsidiary of the Parent that is or
hereafter becomes a party to the Domestic Credit Party Guaranty. Schedule 2 hereto lists each Subsidiary Guarantor as of the Closing Date. 
 “Swing Line Commitment” means $35,000,000. 
 “Swing Line
Facility” means the credit facility established under Section 2.04 pursuant to the Swing Line Commitment of the Swing Line Lender. 
 “Swing Line Lender” means PNC Bank, National Association. 

“Swing Line Note” means a promissory note substantially in the form of Exhibit A-2 hereto. 

“Swing Line Participation Amount” has the meaning provided in Section 2.04(c). 

“Swing Loan” means any loan made by the Swing Line Lender under the Swing Line Facility pursuant to Section 2.04.

 “Swing Loan Maturity Date” means, with respect to any Swing Loan, the earlier of (i) the last Business
Day of each month and (ii) the Credit Facility Termination Date. 
 “Swing Loan Participation” has the
meaning provided in Section 2.04(c). 
 “Swiss Borrower” means Abercrombie & Fitch Europe SA, a
company incorporated under the laws of Switzerland. 
 “Swiss Guarantor” means a Foreign Subsidiary Guarantor
incorporated, or for tax purposes resident in, Switzerland. 
 “Swiss Non-Qualifying Lender” means a financial
institution that does not qualify as a Swiss Qualifying Lender. 
 “Swiss Obligor” means the Swiss Borrower or
a Swiss Guarantor. 

  
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 “Swiss Qualifying Lender” means a financial institution that
(i) qualifies as a bank pursuant to the banking laws in force in its country of incorporation, (ii) carries on a true banking activity in such jurisdiction as its main purpose, and (iii) has personnel, premises, communication devices
and decision-making authority of its own, all as per the explanatory notes of the Swiss Federal Tax Administration No. S-02-123(9.86) and S-02.128(1.2000) or legislation or explanatory notes addressing the same issues which are in force at such
time. 
 “Swiss Withholding Tax” means any withholding tax in accordance with the Swiss Federal Statute on
Anticipatory Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer). 
 “Synthetic
Lease” means any lease (i) that is accounted for by the lessee as an Operating Lease, and (ii) under which the lessee is intended to be the “owner” of the leased property for income tax purposes. 

“Taxes” has the meaning provided in Section 3.03(a). 

“Temporary Impairment” means, for each category of Specified Auction Rate Securities, the applicable amount identified
in the column labeled “Temporary Impairment” in the attachment to the certificate delivered to the Global Agent and the Lenders on the ARS Certification Date. 
 “Ten Non-Bank Regulations” means, at any time, the regulations pursuant to the explanatory notes of the Swiss Federal Tax Administration No. S-02.128(1.2000), S-02.122.2(4.1999) and
S-02.122.1(4.1999) or legislation or explanatory notes addressing the same issues which are in force at such time. 

“Testing Period” means a single period consisting of the four consecutive fiscal quarters of the Parent then last ended
(whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall
consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision. 
 “Total
Canadian Commitment” means the sum of the Canadian Commitments of the Canadian Lenders as the same may be decreased pursuant to the terms of this Agreement. As of the Closing Date, the Total Canadian Commitment is the Dollar Equivalent of
$25,000,000. 
 “Total Debt” means at any date, the consolidated total Indebtedness of the Parent and the
Subsidiaries as of such date, as determined in accordance with GAAP (excluding from Indebtedness (i) Indebtedness incurred in connection with any FAS 13/98 Transactions and (ii) all obligations, contingent or otherwise, of the Parent and
any Subsidiary as an account party under any Trade Letters of Credit but shall include any Indebtedness of the Parent or any Subsidiary under any Standby Letter of Credit (without duplication of any Indebtedness incurred, if any, in the form of any
letter of credit or bank guarantee supporting rental obligations of the Parent, the Company or any Subsidiary). 

“Total Facility Commitment” means the sum of the Facility Commitments of the Lenders as the same may be decreased
pursuant to Section 2.12 or increased pursuant to Section 2.17. As of the Closing Date, the amount of the Total Facility Commitment is $350,000,000. 
 “Trade Letter of Credit” means each commercial documentary letter of credit issued by an LC Issuer for the purchase of goods in the ordinary course of business. 

“Transactions” has the meaning provided in Section 4.02. 

  
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 “Twenty Non-Bank Regulations” means the regulations pursuant to the
explanatory note S-02.122.1(4.99) of the Swiss Federal Tax Administration (or legislation or explanatory notes addressing the same issues which are in force at such time) pursuant to which the aggregate number of persons and legal entities (other
than related party lenders exempt in accordance with the Ordinance of the Swiss Federal Council dated 18 June 2010 amending the Swiss federal ordinances on the Swiss Withholding Tax Act and on the Stamp Tax Act), that are Swiss Non-Qualifying
Lenders and to which the Swiss Borrower directly or indirectly, including but not limited to a participation which is not a Qualifying Participation or other participations under any other agreement, owes interest-bearing borrowed money under all
interest-bearing instruments including, inter alia, this Credit Agreement, taken together (other than short term borrowings and bond issues which are subject to Swiss Withholding Tax), shall not exceed twenty at any time in order to not trigger
Swiss Withholding Tax. 
 “Type” means any type of Loan determined with respect to the interest option and
currency denomination applicable thereto, which (x) in the case of the Revolving Facility, shall be a US Base Rate Loan, a Eurodollar Loan or a Foreign Currency Loan, and (y) in the case of the Canadian Sub-Facility, shall be a Canadian
Prime Rate Loan or a BA Equivalent Loan. 
 “UK Borrower” means Hollister Co. (UK) LTD or
Abercrombie & Fitch (UK) Limited or any person who becomes a Borrower under this Agreement in accordance with the terms of this Agreement provided that person is resident in the United Kingdom for United Kingdom tax purposes or is
incorporated in England and Wales, Scotland or Northern Ireland. 
 “UCC” means the Uniform Commercial Code as
in effect from time to time. Unless otherwise specified, the UCC shall refer to the UCC as in effect in the State of Ohio. 

“Unfunded Current Liability” of any Plan means the amount, if any, by which the actuarial present value of the
accumulated plan benefits under the Plan as of the close of its most recent plan year exceeds the fair market value of the assets allocable thereto, each determined in accordance with Statement of Financial Accounting Standards No. 87, based
upon the actuarial assumptions used by the Plan’s actuary in the most recent annual valuation of the Plan. 

“United States” and “U.S.” each means United States of America. 

“Unpaid Drawing” means, with respect to any Letter of Credit, the aggregate Dollar or Dollar Equivalent amount, as
applicable, of the draws made on such Letter of Credit that have not been reimbursed by the Company or the applicable LC Obligor or, in the case of any Revolving Facility Letter of Credit, converted to a Revolving Loan pursuant to
Section 2.05(h)(i), and all interest that accrues thereon pursuant to this Agreement. 
 “Unutilized
Commitment” means, for any Lender at any time, the excess of (i) such Lender’s Facility Commitment at such time over (ii) such Lender’s Credit Facility Exposure at such time. 

“Unutilized Revolving Commitment” means, for any Lender at any time, the excess of (i) such Lender’s Facility
Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time. 
 “Unutilized Total
Commitment” means, at any time, the excess of (i) the Maximum Credit Facility Amount at such time over (ii) the Aggregate Credit Facility Exposure at such time. 

“Unutilized Total Revolving Commitment” means, at any time, the excess of (i) the Total Facility Commitment at such
time over (ii) the Aggregate Revolving Facility Exposure at such time. 

  
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 “US Base Rate Loan” means each Revolving Loan bearing interest at a rate
based upon the Base Rate in effect from time to time. 
 “USA Patriot Act” means the Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act). 

“Withholding Certificate” has the meaning provided in Section 3.03(b). 

Section 1.02 Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to a
later specified date, the word “from” means “from and including,” the words “to” and “until” each means “to but excluding” and the word “through” means “through and including.”

 Section 1.03 Terms Generally. The definitions of terms herein shall apply equally to 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.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (a) any definition of or reference to
any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,” “hereof” and
“hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Sections, Schedules and Exhibits shall be construed to
refer to Sections of, and Schedules and Exhibits to, this Agreement, (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all Real Property, tangible and
intangible assets and properties, including cash, securities, accounts and contract rights, and interests in any of the foregoing, and (f) any reference to a statute, rule or regulation is to that statute, rule or regulation as now enacted or
as the same may from time to time be amended, re-enacted or expressly replaced. 
 Section 1.04 Accounting Terms;
GAAP. Except as otherwise specifically provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time, provided that if the Company notifies the Global Agent and
the Lenders that the Company requests any amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the application thereof or on the operation of such provision (or if the Global Agent
notifies the Company that the Required Lenders request an amendment to any provision hereof for such purpose), including without limitation, any change in the treatment of Capital Leases and/or Operating Leases that affects the covenants (financial
or otherwise) set forth in this Agreement, regardless of whether any such notice is given before or after such change in GAAP or the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect immediately before
the relevant change in GAAP became effective, until either such notice is withdrawn or such provision(s) is/are amended in a manner satisfactory to the Company, the Global Agent and the Required Lenders as contemplated by the following sentence. In
furtherance of the foregoing, at the request of the Company, the Parent, the Company, the Global Agent and the Lenders agree to negotiate in good faith any such amendment addressing the impact of changes in GAAP upon the covenants (financial or
otherwise) at no cost to the Company other than the reimbursement of the Global Agent’s costs and expenses as contemplated by Section 11.01. Notwithstanding the foregoing, all financial covenants contained herein shall be calculated,
without giving effect to any election under Statement of Financial Accounting Standards 159 (or any similar accounting principle) permitting a Person to value its financial liabilities at the fair value thereof (“FAS 159”), provided
that to the extent any financial statements delivered hereunder 

  
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are prepared giving effect to FAS 159, the Company shall provide to the Global Agent a reconciliation of such financial statements without giving effect to FAS 159. 

Section 1.05 Currency Equivalents. Except as otherwise specified herein, all references herein or in any other Loan Document
to a dollar amount shall mean such amount in U.S. Dollars or, if the context so requires, the Dollar Equivalent of such amount in any Designated Foreign Currency or Canadian Dollars, as applicable. The Dollar Equivalent of any amount shall be
determined in accordance with the definition of “Dollar Equivalent”; provided, however, that (a) notwithstanding the foregoing or anything elsewhere in this Agreement to the contrary, in calculating the Dollar Equivalent
of any amount for purposes of determining (i) any Borrower’s obligation to prepay Loans or cash collateralize Letters of Credit pursuant to Section 2.14(b), or (ii) any Borrower’s ability to request additional Loans or
Letters of Credit pursuant to the Commitments, the Global Agent may, in its reasonable discretion, calculate the Dollar Equivalent of such amount on any Business Day selected by the Global Agent, (b) in determining whether or not the Parent and
its Subsidiaries have exceeded any basket limitation set forth in ARTICLE VII, the Parent and its Subsidiaries shall not be deemed to have exceeded any such basket limitation to the extent that, and only to the extent that, any such basket
limitation was exceeded solely as a result of fluctuations in the exchange rate applicable to any Designated Foreign Currency or Canadian Dollars, as applicable. 
 ARTICLE II 
 THE TERMS OF THE CREDIT FACILITY 

Section 2.01 Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set
forth in this Agreement and the other Loan Documents, the Global Agent, the Lenders, the Swing Line Lender and each LC Issuer agree to establish the Credit Facility for the benefit of the Borrowers pursuant to which (a) the Lenders shall make
Revolving Loans to each Revolving Facility Borrower, and shall participate in Revolving Facility LC Issuances, under the Revolving Facility pursuant to the Facility Commitment of each such Lender, (b) the Canadian Lenders shall make Canadian
Revolving Loans to the Canadian Borrower pursuant to the Canadian Commitment, and (c) the Swing Line Lender shall make Swing Loans to the Company under the Swing Line Facility pursuant to the Swing Line Commitment; provided,
however that at no time will (i) the Aggregate Credit Facility Exposure exceed the Maximum Credit Facility Amount, or (ii) the Credit Facility Exposure of any Lender exceed such Lender’s Facility Commitment. All such Loans
shall be made, and such Letters of Credit shall be issued, as set forth in this Article II. 
 Section 2.02 Revolving
Facility. During the Availability Period, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make a Revolving Loan or Revolving Loans to each Revolving Facility Borrower from time to time pursuant to such
Lender’s Facility Commitment, which Revolving Loans: (i) may, except as set forth herein, at the option of each Revolving Facility Borrower, be incurred and maintained as, or Converted into, Revolving Loans that are US Base Rate Loans,
Eurodollar Loans or Foreign Currency Loans, in each case denominated in Dollars or a Designated Foreign Currency, provided that all Revolving Loans made as part of the same Revolving Borrowing shall, unless otherwise specifically provided
herein, be made to the same Revolving Facility Borrower and consist of Revolving Loans of the same Type; (ii) may be repaid or prepaid and re-borrowed in accordance with the provisions hereof; and (iii) shall not be made if, after giving
effect to any such Revolving Loan, (A) the Revolving Facility Exposure of any Lender would exceed such Lender’s Facility Commitment, (B) the Aggregate Revolving Facility Exposure would exceed the Total Facility Commitment,
(C) the Aggregate Revolving Facility Exposure at such time that is denominated in any Designated Foreign Currency would exceed the Maximum Foreign Exposure Amount or the Aggregate Canadian Sub-Facility Exposure would exceed the Total Canadian
Commitment, (D) the Foreign Subsidiary Borrower Exposure would exceed the Maximum Foreign Exposure Amount, (E) the Aggregate Credit Facility Exposure would 

  
 33 









 
exceed the Maximum Credit Facility Amount, or (F) any Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to Section 2.12(b). The Revolving Loans
to be made by each Lender will be made by such Lender in the Funding Amount applicable to such Lender at the time of the making of such Revolving Loan on a pro rata basis based upon such Lender’s Funding Percentage of the Revolving
Borrowing at the time of such Revolving Borrowing, in each case in accordance with Section 2.07 hereof. 

Section 2.03 Canadian Sub-Facility. Each Canadian Lender severally agrees, on the terms and conditions set forth in this
Agreement, to make a Canadian Revolving Loan or Canadian Revolving Loans to the Canadian Borrower from time to time pursuant to such Canadian Lender’s Canadian Commitment, which Canadian Revolving Loans: (i) may, except as set forth
herein, at the option of the Canadian Borrower, be incurred and maintained as, or Converted into, Canadian Revolving Loans that are Canadian Prime Rate Loans or BA Equivalent Loans, in each case denominated in Canadian Dollars, provided that
all Canadian Revolving Loans made as part of the same Canadian Borrowing shall, unless otherwise specifically provided herein, consist of Canadian Revolving Loans of the same Type; (ii) may be repaid or prepaid and re-borrowed in accordance
with the provisions hereof; and (iii) shall not be made if, after giving effect to any such Canadian Revolving Loan, (A) the Canadian Sub-Facility Exposure of any Canadian Lender would exceed such Canadian Lender’s Canadian
Commitment, (B) the Aggregate Canadian Sub-Facility Exposure would exceed the Total Canadian Commitment, (C) the Aggregate Credit Facility Exposure would exceed the Maximum Credit Facility Amount or (D) any Borrower would be required
to prepay Loans or cash collateralize Letters of Credit pursuant to Section 2.13(b). The Canadian Revolving Loans to be made by each Canadian Lender will be made on a pro rata basis based upon each Canadian Lender’s Canadian
Commitment Percentage of each Canadian Borrowing, in each case in accordance with Section 2.07. 
 Section 2.04
Swing Line Facility. 
 (a) Swing Loans. During the Availability Period, the Swing Line Lender agrees, on the
terms and conditions set forth in this Agreement, to make a Swing Loan or Swing Loans to the Company from time to time, which Swing Loans (i) shall be made only in Dollars or in any other Designated Foreign Currency to which the Swing Line
Lender agrees; (ii) shall be payable on the Swing Loan Maturity Date applicable to each such Swing Loan; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving
effect thereto (A) the aggregate principal amount of Swing Loans outstanding does not exceed the Swing Line Commitment, (B) the Aggregate Revolving Facility Exposure would not exceed the Total Facility Commitment, (C) the Aggregate
Credit Facility Exposure would not exceed the Maximum Credit Facility Amount, (D) the Aggregate Revolving Facility Exposure at such time that is denominated in any Designated Foreign Currency would not exceed the Maximum Foreign Exposure Amount
and the Aggregate Canadian Sub-Facility Exposure would not exceed the Total Canadian Commitment, or (E) the Foreign Subsidiary Borrower Exposure would not exceed the Maximum Foreign Exposure Amount; and (vi) shall not be made if, after
giving effect thereto, any Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to Section 2.12(b) hereof. 
 (b) Swing Loan Refunding. Upon the occurrence of any Event of Default, the Swing Line Lender may, in its sole and absolute discretion, direct that the Swing Loans owing to it be refunded by
delivering a notice to such effect to the Global Agent, specifying the aggregate principal amount thereof (a “Notice of Swing Line Refunding”). Promptly upon receipt of a Notice of Swing Line Refunding, the Global Agent shall give
notice of the contents thereof to the Lenders with Facility Commitments and, unless an Event of Default specified in Section 8.01(g) in respect of the Company has occurred, the Company. Each such Notice of Swing Line Refunding shall be deemed
to constitute delivery by the Company of a Notice of Borrowing, Continuation or Conversion requesting Revolving Loans consisting of US Base Rate Loans in the amount of the Swing Loans to which it relates. Each Lender with a Facility


  
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Commitment (including the Swing Line Lender) hereby unconditionally agrees (notwithstanding that any of the conditions specified in Section 5.03 or elsewhere in this Agreement shall not have
been satisfied, but subject to the provisions of paragraph (d) below) to make a Revolving Loan to the Company in the Funding Amount applicable to such Lender based on such Lender’s Funding Percentage of the aggregate amount of the Swing
Loans to which such Notice of Swing Line Refunding relates. Each such Lender shall make the amount of such Revolving Loan available to the Global Agent in immediately available funds at the Payment Office not later than 2:00 P.M. (local time at the
Payment Office), if such notice is received by such Lender prior to 11:00 A.M. (local time at its Domestic Lending Office), or not later than 2:00 P.M. (local time at the Payment Office) on the next Business Day, if such notice is received by such
Lender after such time. The proceeds of such Revolving Loans shall be made immediately available to the Swing Line Lender and applied by it to repay the principal amount of the Swing Loans to which such Notice of Swing Line Refunding related.

 (c) Swing Loan Participation. If, prior to the time a Revolving Loan would otherwise have been made as provided above
as a consequence of a Notice of Swing Line Refunding, any of the events specified in Section 8.01(g) shall have occurred in respect of the Company or one or more of the Lenders with Facility Commitments shall determine that it is legally
prohibited from making a Revolving Loan under such circumstances, each Lender (other than the Swing Line Lender), or each Lender (other than the Swing Line Lender) so prohibited, as the case may be, shall, on the date such Revolving Loan would have
been made by it (the “Purchase Date”), purchase an undivided participating interest (a “Swing Loan Participation”) in the applicable outstanding Swing Loans to which such Notice of Swing Line Refunding related,
in an amount (the “Swing Line Participation Amount”) equal to such Lender’s Funding Percentage of such outstanding Swing Loans. On the Purchase Date, each such Lender or each such Lender so prohibited, as the case may be,
shall pay to the Swing Line Lender, in immediately available funds, such Lender’s Swing Line Participation Amount, and promptly upon receipt thereof the Swing Line Lender shall, if requested by such other Lender, deliver to such Lender a
participation certificate, dated the date of the Swing Line Lender’s receipt of the funds from, and evidencing such Lender’s Swing Loan Participation in, such Swing Loans and its Swing Line Participation Amount in respect thereof. If any
amount required to be paid by a Lender to the Swing Line Lender pursuant to the above provisions in respect of any Swing Loan Participation is not paid on the date such payment is due, such Lender shall pay to the Swing Line Lender on demand
interest on the amount not so paid at the overnight Federal Funds Effective Rate from the due date until such amount is paid in full. Whenever, at any time after the Swing Line Lender has received from any other Lender such Lender’s Swing Line
Participation Amount, the Swing Line Lender receives any payment from or on behalf of the Company on account of the related Swing Loans, the Swing Line Lender will promptly distribute to such Lender its ratable share of such amount based on its
Payment Sharing Percentage of such amount in effect on such date on account of its Swing Loan Participation (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s participating
interest was outstanding and funded); provided, however, that if such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Swing Line Lender any portion thereof previously distributed to it by
the Swing Line Lender. 
 (d) Obligations Unconditional. Each Lender’s obligation to make Revolving Loans pursuant
to Section 2.04(b) and/or to purchase Swing Loan Participations in connection with a Notice of Swing Line Refunding shall be subject to the conditions that (i) such Lender shall have received a Notice of Swing Line Refunding complying with
the provisions hereof and (ii) at the time the Swing Loans that are the subject of such Notice of Swing Line Refunding were made, the Swing Line Lender had no actual written notice from another Lender that an Event of Default had occurred and
was continuing, but otherwise shall be absolute and unconditional, shall be solely for the benefit of the Swing Line Lender, and shall not be affected by any circumstance, including, without limitation, (A) any set-off, counterclaim,
recoupment, defense or other right that such Lender may have against any other Lender, any Credit Party, or any other Person, or any Credit Party may have against any Lender or other Person, as the case may be, for any reason whatsoever;
(B) the occurrence or continuance of a Default or Event of Default; (C) any 

  
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event or circumstance involving a Material Adverse Effect upon the Borrowers; (D) any breach of any Loan Document by any party thereto; or (E) any other circumstance, happening or
event, whether or not similar to any of the foregoing. 
 Section 2.05 Revolving Facility Letters of Credit.

 (a) Revolving Facility LC Issuance. During the Availability Period, the Company may request an LC Issuer at any time
and from time to time to issue, for the account of the Company, any other Revolving Facility Borrower or any Subsidiary, and subject to and upon the terms and conditions herein set forth, each LC Issuer agrees to issue from time to time Revolving
Facility Letters of Credit denominated and payable in Dollars or any Designated Foreign Currency and in each case in such form as may be approved by such LC Issuer and the Global Agent; provided, however, that notwithstanding the
foregoing, no Revolving Facility LC Issuance shall be made if, after giving effect thereto, (A) the Revolving Facility LC Outstandings would exceed the Revolving Facility LC Commitment Amount, (B) the Revolving Facility Exposure of any
Lender would exceed such Lender’s Facility Commitment, (C) the Aggregate Revolving Facility Exposure would exceed the Total Facility Commitment, (D) the Aggregate Revolving Facility Exposure at such time that is denominated in any
Designated Foreign Currency would exceed the Maximum Foreign Exposure Amount, (E) the Foreign Subsidiary Borrower Exposure would exceed the Maximum Foreign Exposure Amount, (F) the Aggregate Credit Facility Exposure would exceed the
Maximum Credit Facility Amount, or (G) any Borrower would be required to prepay Loans or cash collateralize Revolving Facility Letters of Credit pursuant to Section 2.13(b) hereof. Subject to Section 2.05(c) below, each Revolving
Facility Letter of Credit shall have an expiry date (including any renewal periods) occurring not later than the earlier of (x) one year from the date of issuance thereof, and (y) the Credit Facility Termination Date. 

(b) Revolving Facility LC Requests. Whenever the Company desires that a Revolving Facility Letter of Credit be issued for its
account or the account of any eligible LC Obligor, the Company shall give the applicable LC Issuer written or telephonic notice (in the case of telephonic notice, promptly confirmed in writing if so requested by the LC Issuer) which, if in the form
of written notice shall be substantially in the form of Exhibit B-2 (each such request, a “Revolving Facility LC Request”), or transmit by electronic communication (if arrangements for doing so have been approved by the
applicable LC Issuer), prior to 11:00 A.M. (local time at the Notice Office) at least three Business Days (or such shorter period as may be acceptable to the relevant LC Issuer) prior to the proposed date of issuance (which shall be a Business
Day), which Revolving Facility LC Request shall include such supporting documents that such LC Issuer customarily requires in connection therewith (including, in the case of a Revolving Facility Letter of Credit for an account party other than a
Revolving Facility Borrower, an application for, and if applicable a reimbursement agreement with respect to, such Revolving Facility Letter of Credit). In the event of any inconsistency between any of the terms or provisions of any LC Document
relating to any Revolving Facility Letter of Credit and the terms and provisions of this Agreement respecting Revolving Facility Letters of Credit, the terms and provisions of this Agreement shall control. 

(c) Auto-Renewal Letters of Credit. If an LC Obligor so requests in any applicable Revolving Facility LC Request, each LC Issuer
shall agree to issue a Revolving Facility Letter of Credit that has automatic renewal provisions; provided, however, that any Revolving Facility Letter of Credit that has automatic renewal provisions must permit such LC Issuer to
prevent any such renewal at least once in each twelve-month period (commencing with the date of issuance of such Revolving Facility Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day in each such twelve-month
period to be agreed upon at the time such Revolving Facility Letter of Credit is issued. Once any such Revolving Facility Letter of Credit that has automatic renewal provisions has been issued, the applicable Lenders shall be deemed to have
authorized (but may not require) such LC Issuer to permit the renewal of such Revolving Facility Letter of Credit at any time to an expiry date not later than the Credit Facility 

  
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Termination Date; provided, however, that such LC Issuer shall not permit any such renewal if (i) such LC Issuer has determined that it would have no obligation at such time to
issue such Revolving Facility Letter of Credit in its renewed form under the terms hereof, or (ii) it has received notice (which may be by telephone or in writing) on or before the day that is two Business Days before the date that such LC
Issuer is permitted to send a notice of non-renewal from the Global Agent, any Lender or the Company that one or more of the applicable conditions specified in Section 5.03 is not then satisfied. 

(d) Existing Letters of Credit. On and after the Closing Date, each Existing Letter of Credit shall be deemed to have been issued
by the Lender that issued such Existing Letter of Credit and such Lender shall be deemed to be the “LC Issuer” with respect to such Existing Letter of Credit pursuant to the terms of this Agreement and each Existing Letter of Credit shall
constitute a Revolving Facility Letter of Credit for all purposes hereof and under this Agreement and the other Loan Documents. The Company agrees that it shall be liable with respect to any drawing made under any of the Existing Letters of Credit
in accordance with this Section and the other provisions of this Agreement. Each LC Issuer of an Existing Letter of Credit agrees that on and after the Closing Date (i) the fees applicable to each Existing Letter of Credit shall be the fees set
forth in Section 2.11, and (ii) any reimbursement agreement in effect with respect to each Existing Letter of Credit shall be deemed terminated and each Existing Letter of Credit shall be governed by and subject to the terms and conditions
of this Agreement. 
 (e) Applicability of ISP98 and UCP. Unless otherwise expressly agreed by the applicable LC Issuer
and the applicable LC Obligor, when a Revolving Facility Letter of Credit is issued, (i) the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such
later version thereof as may be in effect at the time of issuance) shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International
Chamber of Commerce at the time of issuance (including the International Chamber of Commerce’s decision published by the Commission on Banking Technique and Practice on April 6, 1998 regarding the European single currency (euro), as the
same may be updated) shall apply to each Trade Letter of Credit. 
 (f) Notice of Revolving Facility LC Issuance. Each LC
Issuer shall, on the date of each Revolving Facility LC Issuance by it, give the Global Agent, each applicable Lender and the Company written notice of such Revolving Facility LC Issuance which shall specify whether such Revolving Facility Letter of
Credit is a Trade Letter of Credit or a Standby Letter of Credit and be accompanied by a copy to the Global Agent of the Revolving Facility Letter of Credit or Revolving Facility Letters of Credit issued by it. Each LC Issuer shall provide to the
Global Agent and each Lender a quarterly (or monthly if requested by any applicable Lender) summary describing each Revolving Facility Letter of Credit issued by such LC Issuer and then outstanding and an identification for the relevant period of
the daily aggregate Revolving Facility LC Outstandings represented by Revolving Facility Letters of Credit issued by such LC Issuer. 
 (g) Defaulting Lender. Notwithstanding the foregoing, in the event a Lender Default exists, no LC Issuer shall be required to make any Revolving Facility LC Issuance unless either (i) such LC
Issuer has entered into arrangements satisfactory to it and the Company to eliminate such LC Issuer’s risk with respect to the Revolving Facility LC Participations of the Defaulting Lender or Defaulting Lenders, including by cash
collateralizing such Defaulting Lender’s or Defaulting Lenders’ Funding Percentage of the Revolving Facility LC Outstandings; or (ii) such Revolving Facility LC Issuance, taking into account the potential failure of the Defaulting
Lender or Defaulting Lenders to risk participate therein, will not cause such LC Issuer to incur aggregate credit exposure hereunder with respect to Loans and Revolving Facility LC Outstandings in excess of its Commitments, and the Company has
undertaken, for the benefit of such LC Issuer, pursuant to an instrument satisfactory in form and substance to such LC Issuer, not to thereafter incur Loans or Revolving Facility LC Outstandings hereunder that would cause such LC Issuer


  
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to incur aggregate credit exposure hereunder with respect to Loans and Revolving Facility LC Outstandings in excess of its Commitments. 

(h) Reimbursement Obligations. 
 (i) Each Revolving Facility Borrower hereby agrees to reimburse (or cause any LC Obligor for whose account a Revolving Facility Letter of Credit was issued to reimburse) each LC Issuer, by making payment
directly to such LC Issuer in immediately available funds at the payment office of such LC Issuer, for any Unpaid Drawing with respect to any Revolving Facility Letter of Credit immediately after, and in any event (x) with respect to any
Revolving Facility Letter of Credit denominated in Dollars, on the date on which, and (y) with respect to any Revolving Facility Letter of Credit denominated in a Designated Foreign Currency, within two Business Days of the date on which such
LC Issuer notifies the Company (or any such other LC Obligor for whose account such Revolving Facility Letter of Credit was issued (each being a “Notifiable Party”)) of such payment or disbursement (in the case of each of clauses
(x) and (y), each an “Applicable Reimbursement Date”, (which notice to the Notifiable Parties shall be delivered reasonably promptly after any such payment or disbursement), such payment to be made in Dollars or in the
applicable Designated Foreign Currency in which such Revolving Facility Letter of Credit is denominated, with, provided that the LC Issuer has already notified the Notifiable Parties that reimbursement is required, interest on the amount so paid or
disbursed by such LC Issuer, to the extent not reimbursed prior to 1:00 P.M. (local time at the payment office of the applicable LC Issuer) on the date of such payment or disbursement, from and including the date paid or disbursed to but not
including the date such LC Issuer is reimbursed therefor (by utilization of a drawing under the Revolving Facility or otherwise) at a rate per annum that shall be the rate then applicable to Revolving Loans that are US Base Rate Loans, any such
interest also to be payable on demand; provided, however, that if the LC Issuer does not give the applicable Revolving Facility Borrower notice by 10:00 AM, such Applicable Reimbursement Date shall be the next succeeding Business
Day and accordingly interest on the amount paid or disbursed by the LC Issuer shall not begin to accrue until such day. If by 11:00 A.M. on the Business Day immediately following the Applicable Reimbursement Date, the Company or the relevant LC
Obligor has not made such reimbursement out of its available cash on hand or a contemporaneous Borrowing hereunder (if such Borrowing is otherwise available to the Company or such LC Obligor), (x) the Company, or if the LC Obligor is a Foreign
Revolving Facility Borrower, such Foreign Revolving Facility Borrower, will in each case be deemed to have given a Notice of Borrowing, Continuation or Conversion for Revolving Loans that are US Base Rate Loans in an aggregate Dollar Equivalent
principal amount sufficient to reimburse such Unpaid Drawing (and the Global Agent shall promptly give notice to the Lenders of such deemed Notice of Borrowing, Continuation or Conversion), (y) the Lenders shall, unless they are legally
prohibited from doing so, make the Revolving Loans contemplated by such deemed Notice of Borrowing, Continuation or Conversion (which Revolving Loans shall be considered made under Section 2.02), and (z) the proceeds of such Revolving
Loans shall be disbursed directly to the applicable LC Issuer to the extent necessary to effect such reimbursement, with any excess proceeds to be made available to the applicable Borrower in accordance with the applicable provisions of this
Agreement. 
 (ii) Obligations Absolute. The obligation of each LC Obligor and of each Revolving Facility
Borrower under this Section to reimburse each LC Issuer with respect to Unpaid Drawings (including, in each case, interest thereon) shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or
defense to payment that such Borrower or LC Obligor may have or have had against such LC Issuer, the Global Agent or any Lender, including, without limitation, any defense based upon the failure of any drawing under a Revolving Facility Letter of
Credit to conform to the terms of the Revolving Facility Letter of Credit or any non-application or misapplication by the beneficiary of the proceeds of such drawing; 

  
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provided, however, that no Borrower (or LC Obligor) shall be obligated to reimburse an LC Issuer for any wrongful payment made by such LC Issuer under a Revolving Facility Letter of
Credit as a result of acts or omissions constituting willful misconduct or gross negligence on the part of such LC Issuer. 

(i) Revolving Facility LC Participations. 
 (i) Immediately upon each Revolving Facility LC Issuance, the LC Issuer of such Revolving Facility Letter of Credit shall be deemed to have sold and transferred to each applicable Lender, and each such
Lender (each a “Revolving Facility LC Participant”) shall be deemed irrevocably and unconditionally to have purchased and received from such LC Issuer, without recourse or warranty, an undivided interest and participation (a
“Revolving Facility LC Participation”), to the extent of such Lender’s Funding Percentage of the Stated Amount of such Revolving Facility Letter of Credit in effect at such time of issuance, in such Revolving Facility Letter of
Credit, each substitute letter of credit, each drawing made thereunder, the obligations of any LC Obligor under this Agreement with respect thereto (although LC Fees relating thereto shall be payable directly to the Global Agent for the account of
the Lenders as provided in Section 2.11 and the Revolving Facility LC Participants shall have no right to receive any portion of any fees of the nature contemplated by Section 2.11(d)), the obligations of the Borrowers (and any LC Obligor)
under any LC Documents pertaining thereto, and any security for, or guaranty pertaining to, any of the foregoing. 
 (ii) In determining whether to pay under any Revolving Facility Letter of Credit, an LC Issuer shall not have any obligation relative to the Revolving Facility LC Participants other than to determine that
any documents required to be delivered under such Revolving Facility Letter of Credit have been delivered and that they appear to comply on their face with the requirements of such Revolving Facility Letter of Credit. Any action taken or omitted to
be taken by an LC Issuer under or in connection with any Revolving Facility Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall not create for such LC Issuer any resulting liability. 

(iii) In the event that an LC Issuer makes any payment under any Revolving Facility Letter of Credit and the applicable
Borrower or LC Obligor shall not have reimbursed such amount in full to such LC Issuer pursuant to Section 2.05(h) by way of a drawing under the Revolving Facility (as contemplated in such Section or otherwise, such LC Issuer shall promptly
notify the Global Agent, and the Global Agent shall promptly notify each Revolving Facility LC Participant, of such failure, and each Revolving Facility LC Participant shall promptly and unconditionally pay to the Global Agent for the account of
such LC Issuer, the amount of such Revolving Facility LC Participant’s Funding Percentage of such payment in Dollars or in the applicable Designated Foreign Currency in which such Revolving Facility Letter of Credit is denominated and in same
day funds; provided, however, that no Revolving Facility LC Participant shall be obligated to pay to the Global Agent its Funding Percentage of such unreimbursed amount for any wrongful payment made by such LC Issuer under a Revolving
Facility Letter of Credit as a result of acts or omissions constituting willful misconduct or gross negligence on the part of such LC Issuer. If the Global Agent so notifies any Revolving Facility LC Participant required to fund a payment under a
Revolving Facility Letter of Credit prior to 11:00 A.M. (local time at its Notice Office) on any Business Day, such Revolving Facility LC Participant shall make available to the Global Agent for the account of the relevant LC Issuer such
Revolving Facility LC Participant’s Funding Percentage of the amount of such payment on such Business Day in same day funds. If and to the extent such Revolving Facility LC Participant shall not have so made its Funding Percentage of the amount
of such payment available to the Global Agent for the account of the relevant LC Issuer, such Revolving Facility LC Participant agrees to pay to the Global Agent for 

  
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the account of such LC Issuer forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Global Agent for the account
of such LC Issuer at the Federal Funds Effective Rate. The failure of any Revolving Facility LC Participant to make available to the Global Agent for the account of the relevant LC Issuer its Funding Percentage of any payment under any Revolving
Facility Letter of Credit shall not relieve any other Revolving Facility LC Participant of its obligation hereunder to make available to the Global Agent for the account of such LC Issuer its Funding Percentage of any payment under any Revolving
Facility Letter of Credit on the date required, as specified above, but no Revolving Facility LC Participant shall be responsible for the failure of any other Revolving Facility LC Participant to make available to the Global Agent for the account of
such LC Issuer such other Revolving Facility LC Participant’s Funding Percentage of any such payment. 

(iv) Whenever an LC Issuer receives a payment of a reimbursement obligation from an LC Obligor as to which the Global
Agent has received for the account of such LC Issuer any payments from the Revolving Facility LC Participants pursuant to subpart (iii) above, such LC Issuer shall pay to the Global Agent and the Global Agent shall promptly pay to each
Revolving Facility LC Participant that has paid its applicable Funding Percentage thereof, in same day funds, an amount equal to such Revolving Facility LC Participant’s applicable Payment Sharing Percentage of the principal amount thereof and
interest thereon accruing after the purchase of the respective Revolving Facility LC Participations, as and to the extent so received. 
 (v) The obligations of the Revolving Facility LC Participants to make payments to the Global Agent for the account of each LC Issuer with respect to Revolving Facility Letters of Credit shall be
irrevocable and not subject to counterclaim, set-off or other defense or any other qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement under all circumstances, including, without
limitation, any of the following circumstances: 
  

	 	(A)	any lack of validity or enforceability of this Agreement or any of the other Loan Documents; 


 

	 	(B)	the existence of any claim, set-off, defense or other right that any LC Obligor may have at any time against a beneficiary named in a Revolving Facility Letter of
Credit, any transferee of any Revolving Facility Letter of Credit (or any Person for whom any such transferee may be acting), the Global Agent, any LC Issuer, any Lender, or other Person, whether in connection with this Agreement, any Revolving
Facility Letter of Credit, the transactions contemplated herein or any unrelated transactions (including any underlying transaction between the applicable LC Obligor and the beneficiary named in any such Revolving Facility Letter of Credit), other
than any claim that the applicable LC Obligor may have against any applicable LC Issuer for gross negligence or willful misconduct of such LC Issuer in making payment under any applicable Revolving Facility Letter of Credit;


  

	 	(C)	any draft, certificate or other document presented under the Revolving Facility Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any
respect or any statement therein being untrue or inaccurate in any respect; 

  

	 	(D)	the surrender or impairment of any security for the performance or observance of any of the terms of any of the Loan Documents; or 


  
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	 	(E)	the occurrence of any Default or Event of Default. 

 (vi) To the extent any LC Issuer is not indemnified by the Company or any LC Obligor, the Revolving Facility LC Participants will reimburse and indemnify such LC Issuer, in proportion to their respective
Fixed Commitment Percentages, for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature that may be imposed on, asserted against or
incurred by such LC Issuer in performing its respective duties in any way related to or arising out of Revolving Facility LC Issuances by it; provided, however, that no Revolving Facility LC Participants shall be liable for (A) any
portion of such liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements resulting from such LC Issuer’s gross negligence or willful misconduct, or (B) any portion of such
liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements resulting from the failure of any other Revolving Facility LC Participant to fund any Revolving Facility LC Participation pursuant to
this Section. 
 Section 2.06 Notice of Borrowing. 

(a) Time of Notice. Each Borrowing of a Loan shall be made upon notice in the form provided for below which shall be provided by
the applicable Borrower to the Global Agent at its Notice Office not later than (i) in the case of each Borrowing of a Fixed Rate Loan, 11:00 A.M. (local time at its Notice Office), at least three Business Days prior to the date of such
Borrowing, (ii) in the case of each Borrowing of a Base Rate Loan, prior to 11:00 A.M. (local time at its Notice Office) on the proposed date of such Borrowing, and (iii) in the case of any Borrowing under the Swing Line Facility, prior to
1:00 P.M. (local time at its Notice Office) on the proposed date of such Borrowing. 
 (b) Notice of Borrowing. Each
request for a Borrowing shall be made by an Authorized Officer of the Borrower requesting such Borrowing by delivering written notice of such request substantially in the form of Exhibit B-1 hereto (each such notice, a “Notice of
Borrowing, Continuation or Conversion”) or by telephone (to be confirmed immediately in writing by delivery by an Authorized Officer of such Borrower of a Notice of Borrowing, Continuation or Conversion), and in any event each such request
shall be irrevocable and shall specify (i) the aggregate principal amount of the Loans to be made pursuant to such Borrowing, (ii) the date of the Borrowing (which shall be a Business Day), (iii) the Type of Loans such Borrowing will
consist of, and (iv) if applicable, the initial Interest Period, the Swing Loan Maturity Date and Designated Foreign Currency or Canadian Dollars applicable thereto. Without in any way limiting the obligation of any Borrower to confirm in
writing any telephonic notice permitted to be given hereunder, the Global Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Global Agent in good faith to be from an
Authorized Officer of the applicable Borrower entitled to give telephonic notices under this Agreement on behalf of such Borrower. In each such case, the Global Agent’s record of the terms of such telephonic notice shall be conclusive absent
manifest error. 
 (c) Minimum Borrowing Amount. The aggregate principal amount of each Borrowing by any Borrower shall
not be less than the Minimum Borrowing Amount. 
 (d) Maximum Borrowings. More than one Borrowing may be incurred by a
Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the same Borrower that consist of Fixed Rate Loans, each such Borrowing shall have a different initial Interest Period, (ii) at
no time shall there be more than twelve Borrowings of Fixed Rate Loans outstanding hereunder for all of the Borrowers, and (iii) at no time shall there be more than three Borrowings of Canadian Revolving Loans outstanding hereunder. 


  
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 Section 2.07 Funding Obligations; Disbursement of Funds. 

(a) Several Nature of Funding Obligations. The Commitments of each Lender hereunder and the obligation of each Lender to make
Loans, acquire and fund Swing Loan Participations, and Revolving Facility LC Participations, as the case may be, are several and not joint obligations. No Lender shall be responsible for any default by any other Lender in its obligation to make
Loans or fund any participation hereunder and each Lender shall be obligated to make the Loans provided to be made by it and fund its participations required to be funded by it hereunder, regardless of the failure of any other Lender to fulfill any
of its Commitments hereunder. Nothing herein and no subsequent termination of the Commitments pursuant to Section 2.12 shall be deemed to relieve any Lender from its obligation to fulfill its commitments hereunder and in existence from time to
time or to prejudice any rights that the Borrowers may have against any Lender as a result of any default by such Lender hereunder. 
 (b) Funding Obligations. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be funded as follows: (i) all Revolving Loans made, and Revolving
Facility LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Funding Percentage of the amount of such Revolving Borrowing or Revolving Facility Letter of
Credit in effect on the date the applicable Revolving Borrowing is to be made or the Revolving Facility Letter of Credit is to be issued, and (ii) all Canadian Revolving Loans made by each Canadian Lender, shall be made on a pro rata
basis based upon each Canadian Lender’s Canadian Commitment Percentage of the amount of such Canadian Borrowing in effect on the date the applicable Canadian Borrowing is to be made. 

(c) Notice to Lenders. The Global Agent shall promptly give each Lender written notice (or telephonic notice promptly confirmed in
writing) of each proposed Borrowing, or Conversion or Continuation thereof, and LC Issuance, and of such Lender’s proportionate share thereof or participation therein and of the other matters covered by the Notice of Borrowing, Continuation or
Conversion or Revolving Facility LC Request, as the case may be, relating thereto. 
 (d) Funding of Loans. 

(i) Revolving Loans. No later than 2:00 P.M. (local time at the Payment Office) on the date specified in each
Notice of Borrowing, Continuation or Conversion, each Lender will make available its Funding Amount, if any, of each Revolving Borrowing requested to be made on such date to the Global Agent at the Payment Office in Dollars or the applicable
Designated Foreign Currency and in immediately available funds and the Global Agent promptly will make available to the appropriate Borrower by depositing to its account at the Payment Office (or such other account as such Borrower shall specify,
provided that to the extent the Borrower is a Foreign Revolving Facility Borrower organized, registered or resident in Japan, the Global Agent shall deposit such funds into an account located in the United States) the aggregate of the amounts so
made available in the type of funds received. 
 (ii) Canadian Revolving Loans. No later than
2:00 P.M. (local time at the Payment Office) on the date specified in each Notice of Borrowing, Continuation or Conversion, each Canadian Lender will make available its proportionate share, if any, of each Canadian Borrowing requested to be
made on such date to the Global Agent for the benefit of the Canadian Administrative Branch at the Payment Office in Canadian Dollars and in immediately available funds and the Global Agent on behalf of the Canadian Administrative Branch or the
Canadian Administrative Branch promptly will make available to the appropriate Canadian Borrower by depositing to its account at the Payment Office (or such other account as such Canadian Borrower shall specify) the aggregate of the amounts so made
available in the type of funds received. 

  
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 (iii) Swing Loans. No later than 3:00 P.M. (local time at the
Payment Office) on the date specified in each Notice of Borrowing, Continuation or Conversion, the Swing Line Lender will make available to the Company by depositing to its account at the Payment Office (or such other account as the Company shall
specify) the aggregate of Swing Loans requested in such Notice of Borrowing, Continuation or Conversion. 
 (e) Advance
Funding. Unless the Global Agent shall have been notified by any Lender prior to the date of Borrowing that such Lender does not intend to make available to the Global Agent its portion of the Borrowing or Borrowings to be made on such date, the
Global Agent may assume that such Lender has made such amount available to the Global Agent or to the Global Agent for the benefit of the Canadian Administrative Branch, as the case may be, on such date of Borrowing, and the Global Agent or the
Global Agent on behalf of the Canadian Administrative Branch, in reliance upon such assumption, may (in their sole discretion and without any obligation to do so) make available to the applicable Borrower a corresponding amount. If such
corresponding amount is not in fact made available to the Global Agent or the Global Agent for the benefit of the Canadian Administrative Branch, as the case may be, by such Lender and the Global Agent or the Global Agent on behalf of the Canadian
Administrative Branch has made the same available to such Borrower, the Global Agent or the Global Agent on behalf of the Canadian Administrative Branch shall be entitled to recover such corresponding amount from such Lender. If such Lender does not
pay such corresponding amount forthwith upon the Global Agent’s demand therefor, the Global Agent shall promptly notify such Borrower, and such Borrower shall immediately pay such corresponding amount to the Global Agent or the Global Agent for
the benefit of the Canadian Administrative Branch, as appropriate. The Global Agent or the Global Agent on behalf of the Canadian Administrative Branch, as applicable, shall also be entitled to recover from such Lender or such Borrower, as the case
may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Global Agent or the Global Agent on behalf of the Canadian Administrative Branch to such Borrower to the date such
corresponding amount is recovered by the Global Agent or the Global Agent on behalf of the Canadian Administrative Branch, at a rate per annum equal to (x) if paid by such Lender, the overnight Federal Funds Effective Rate or (y) if paid
by such Borrower, the then applicable rate of interest, calculated in accordance with Section 2.09, for the respective Loans (but without any requirement to pay any amounts in respect thereof pursuant to Section 3.02). 

Section 2.08 Evidence of Obligations. 
 (a) Loan Accounts of Lenders. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Obligations of the Borrowers to such Lender resulting from each
Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 
 (b) Loan Accounts of Global Agent; Lender Register. The Global Agent shall maintain accounts in which it shall record (i) the amount of each Loan and Borrowing made hereunder, the Type
thereof, the currency in which such Loan is denominated, the Interest Period and applicable interest rate and, in the case of a Swing Loan, the Swing Loan Maturity Date applicable thereto, (ii) the amount and other details with respect to each
Letter of Credit issued hereunder, (iii) the amount of any principal due and payable or to become due and payable from the Borrowers to each Lender hereunder, (iv) the amount of any sum received by the Global Agent hereunder for the
account of the Lenders and each Lender’s share thereof, and (v) the other details relating to the Loans and Letters of Credit to be made or issued hereunder. In addition, the Global Agent shall, for its benefit and on behalf of the
Borrowers, maintain at its address referred to in Section 11.04 a copy of each Assignment and Assumption delivered to it and a register (the “Lender Register”) on or in which it will record the names and addresses of the
Lenders, and the Commitments from time to time of each of the Lenders. The Global Agent will make the Lender Register available to any Lender or the Company upon its request. The Swiss Borrower may disclose a


  
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copy of the Lender Register to the Swiss Federal Tax Administration (if requested by the Swiss Federal Tax Administration to do so). 

(c) Effect of Loan Accounts, etc. The entries made in the accounts maintained pursuant to Section 2.08(a) and (b) shall
be prima facie evidence of the existence and amounts of the Obligations recorded therein, provided, that the failure of any Lender or the Global Agent to maintain such accounts or any error (other than manifest error) therein shall not
in any manner affect the obligation of any Credit Party to repay or prepay the Loans or the other Obligations in accordance with the terms of this Agreement. 
 (d) Notes. Upon request of any Lender or the Swing Line Lender, (i) the Company will execute and deliver to such Lender a Revolving Facility Note with blanks appropriately completed in
conformity herewith to evidence the Company’s obligation to pay the principal of, and interest on, the Revolving Loans made to it by such Lender, (ii) each Foreign Revolving Facility Borrower will execute and deliver to such Lender a
Revolving Facility Note with blanks appropriately completed in conformity herewith to evidence its obligation to pay the principal of, and interest on, the Revolving Loans made to it by such Lender, and (iii) the Company will execute and
deliver to the Swing Line Lender a Swing Line Note with blanks appropriately completed in conformity herewith to evidence the Company’s obligation to pay the principal of, and interest on, the Swing Loans made to it by the Swing Line Lender;
provided, however, that the decision of any Lender or the Swing Line Lender to not request a Note shall in no way detract from any Borrower’s obligation to repay the Loans and other amounts owing by such Borrower to such Lender or the
Swing Line Lender. 
 Section 2.09 Interest; Default Rate; Mandatory Cost. 

(a) Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest
at a rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a US Base Rate Loan, a fluctuating rate per annum equal to the Base Rate in effect from time to time plus the Applicable Margin for Base
Rate Loans in effect from time to time, (ii) during such periods as such Revolving Loan is a Eurodollar Loan, a fixed rate per annum equal to the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus
the Applicable Margin for Fixed Rate Loans in effect from time to time, and (iii) during such periods as a Revolving Loan is a Foreign Currency Loan, a fixed rate per annum equal to the relevant Adjusted Foreign Currency Rate for such Foreign
Currency Loan for the applicable Interest Period plus the Applicable Margin for Fixed Rate Loans in effect from time to time. 

(b) Interest on Canadian Revolving Loans. Each Canadian Prime Rate Loan made by each Canadian Lender shall bear interest on the
outstanding principal amount thereof at a fluctuating rate per annum that shall at all times be equal to the Canadian Prime Rate in effect from time to time plus the Applicable Margin for Base Rate Loans in effect from time to time. Each BA
Equivalent Loan made by each Canadian Lender shall bear interest on the outstanding principal amount thereof at a fluctuating rate per annum that shall at all times be equal to the BA Equivalent Rate for the applicable Interest Period plus the
Applicable Margin for Fixed Rate Loans in effect from time to time. 
 (c) Interest on Swing Loans. The outstanding
principal amount of each Swing Loan shall bear interest from the date of the Borrowing at a rate per annum that shall be equal to the Quoted Rate applicable thereto. 
 (d) Default Interest. Notwithstanding the above provisions, if an Event of Default is in existence, upon written notice by the Global Agent (which notice the Global Agent shall give at the
direction of the Required Lenders), (i) all outstanding amounts of principal and, to the extent permitted by law, all overdue interest, in respect of each Loan shall bear interest, payable on demand, at a rate per annum equal to the Default
Rate, and (ii) the fees applicable to any Revolving Facility LC Outstandings 

  
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shall be increased by an additional 2% per annum in excess of the fees otherwise applicable thereto. In addition, if any amount (other than amounts as to which the foregoing subparts
(i) and (ii) are applicable) payable by any Borrower under the Loan Documents is not paid when due, upon written notice by the Global Agent (which notice the Global Agent shall give at the direction of the Required Lenders), such amount
shall bear interest, payable on demand, at a rate per annum equal to 2% per annum above the interest rate that is or would be applicable from time to time pursuant to Section 2.09(a)(i) above. 

(e) Accrual and Payment of Interest; Mandatory Costs. Interest shall accrue from and including the date of any Borrowing to but
excluding the date of any prepayment or repayment thereof and shall be payable by the applicable Borrower: (i) in respect of each US Base Rate Loan, quarterly in arrears on the last Business Day of each March, June, September and December,
(ii) in respect of each Canadian Prime Rate Loan, quarterly in arrears on the last Business Day of each March, June, September and December, (iii) in respect of each Fixed Rate Loan, on the last day of each Interest Period applicable
thereto and, in the case of an Interest Period in excess of three months, on the dates that are successively three months after the commencement of such Interest Period, (iv) in respect of any Swing Loan, quarterly in arrears on the last
Business Day of each March, June, September and December, and (v) in respect of all Loans, on any repayment, prepayment, Continuation or Conversion (on the amount repaid, prepaid, Continued or Converted), at maturity (whether by acceleration or
otherwise), and, after such maturity, on demand (each such date referred to in clauses (i) through (v), an “Interest Payment Date”). On each Interest Payment Date, the applicable Borrower shall pay all Mandatory Costs payable
to each Lender, if any, provided that if a Lender does not provide such Borrower with notice of the Mandatory Costs owed to such Lender at least one Business Day prior to such Interest Payment Date, the Mandatory Costs payable to such Lender
shall be payable on the next Interest Payment Date or the Credit Facility Termination Date, whichever is earlier. 
 (f)
Computations of Interest and Discounts. All computations of interest on Fixed Rate Loans (other than BA Equivalent Loans and other than any Foreign Currency Loans denominated in British pounds) and Swing Loans hereunder shall be made on the
actual number of days elapsed over a year of 360 days, all computations of interest on Base Rate Loans and Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable, all computations
of the BA Equivalent Rate with respect to BA Equivalent Loans shall be made on the actual number of days elapsed in a year of 365 or 366 days, as applicable, and all computations of interest on Foreign Currency Loans denominated in British pounds
shall be made on the actual number of days elapsed in a year of 365 or 366 days, as applicable. For purposes of this Agreement and compliance with the Interest Act (Canada), whenever interest to be paid on a Canadian Revolving Loan or a fee
to be paid by the Canadian Borrower is to be calculated on the basis of a period of time that is less than a calendar year, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent is the rate so determined
multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by such lesser period of time. 
 (g) Information as to Interest Rates. The Global Agent upon determining the interest rate for any Borrowing shall promptly notify the applicable Borrowers and the Lenders thereof. 

(h) Minimum Interest Rates and Payments. 
 (i) For purposes of the Revolving Facility, the various rates of interest provided for in this Agreement are minimum interest rates. 

(ii) Each party hereto assumes that the interest rates set forth in this Agreement are not and will not become subject to
Swiss Withholding Tax. Notwithstanding the foregoing, the parties hereto agree that, in the event that Swiss Withholding Tax is imposed on interest payments (the “Relevant Amount”) by a Swiss Obligor, any payment of interest due by
such Swiss Obligor 

  
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shall, subject to the provisions of this Agreement, be increased to an amount which (after making any deduction of the Non-refundable Portion of Swiss Withholding Tax) results in a payment to
each Lender entitled to such payment of an amount equal to the payment which would have been due had no deduction of the Non-refundable Portion of Swiss Withholding Tax been required. 

(iii) For the purposes of this Section 2.09(h), “Non-refundable Portion of Swiss Withholding Tax”
means an amount equal to the product of the Relevant Amount and the Swiss Withholding Tax at standard rate (being, as at the date of this Agreement, 35%) unless the Swiss Federal Tax Administration confirms to the relevant Swiss Obligor in writing
that, in relation to a specific Lender based on an applicable double tax treaty, the applicable Swiss Withholding Tax rate is a specified lower rate in which case such lower rate shall be applied in relation to such Lender. 

(iv) No Swiss Obligor shall be required to make an increased payment to any Lender under paragraph (ii) above if a
Swiss Obligor has breached the Ten Non-Bank Regulations and/or Twenty Non-Bank Regulations as a result of (A) a Lender breaching its obligations pursuant to Section 3.03 (b) or (e), (B) a Lender breaching the requirements and
limitations for transfers, assignments or participations pursuant to Sections 11.05(b), (c) or (f), (C) the failure of the statements in a Qualifying Certificate to be true and correct in all material respects, or (D) the failure of a
Swiss Qualifying Lender to remain a Swiss Qualifying Lender other than due to a Change in Law. 
 (v) If
requested by the Global Agent, the relevant Swiss Obligor shall provide to the Global Agent those documents that are required by law and applicable double taxation treaties to be provided by the payer of such tax, for each relevant Lender to prepare
a claim for refund of Swiss Withholding Tax. In the event Swiss Withholding Tax is refunded to the Lender by the Swiss Federal Tax Administration, the relevant Lender shall forward, after deduction of reasonable costs in obtaining the refund, such
amount to the Swiss Obligor provided that the relevant Swiss Obligor has fully complied with its obligations under this Section 2.09(h). For this purpose, the Swiss Withholding Tax shall be calculated on the fully grossed-up interest amount
(i.e., applying the standard rate of Swiss Withholding Tax (being, as at the date of this Agreement, 35%)). 
 Section 2.10
Conversion and Continuation of Loans. 
 (a) Conversion and Continuation of Revolving Loans. Each Revolving
Facility Borrower shall have the right, subject to the terms and conditions of this Agreement, to (i) Convert all or a portion of the outstanding principal amount of Revolving Loans of one Type made to it into a Borrowing or Borrowings of
another Type of Loan that can be made to it pursuant to the Revolving Facility and (ii) Continue a Borrowing of Eurodollar Loans or Foreign Currency Loans, as the case may be, at the end of the applicable Interest Period as a new Borrowing of
Eurodollar Loans or Foreign Currency Loans (in the same Designated Foreign Currency as the original Foreign Currency Loan) with a new Interest Period; provided, however, that (A) no Foreign Currency Loan may be Converted into a US Base
Rate Loan, Eurodollar Loan or a Foreign Currency Loan that is denominated in a different Designated Foreign Currency, and (B) any Conversion of Eurodollar Loans into US Base Rate Loans shall be made on, and only on, the last day of an Interest
Period for such Eurodollar Loans. 
 (b) Conversion and Continuation of Canadian Revolving Loans. The Canadian Borrower
shall have the right, subject to the terms and conditions of this Agreement, to (i) Convert all or a portion of the outstanding principal amount of Canadian Revolving Loans of one Type made to them into a Borrowing or Borrowings of another Type
of Loan that can be made to them pursuant to the Canadian Sub-Facility and (ii) Continue a Borrowing of BA Equivalent Loans at the end of the applicable Interest 

  
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Period as a new Borrowing of BA Equivalent Loans with a new Interest Period; provided, however, that any Conversion of BA Equivalent Loans into Canadian Prime Rate Loans shall be made on,
and only on, the last day of an Interest Period for such BA Equivalent Loans. 
 (c) Notice of Continuation and
Conversion. Each Continuation or Conversion of a Loan shall be made upon notice in the form provided for below provided by the applicable Borrower to the Global Agent at its Notice Office not later than (i) in the case of each Continuation
of or Conversion into a Fixed Rate Loan, prior to 11:00 A.M. (local time at its Notice Office), at least three Business Days prior to the date of such Continuation or Conversion, and (ii) in the case of each Conversion to a Base Rate Loan,
prior to 11:00 A.M. (local time at its Notice Office), on the proposed date of such Conversion. Each such request shall be made by an Authorized Officer of the applicable Borrower delivering a Notice of Borrowing, Continuation or Conversion or
by telephone (to be confirmed immediately in writing by delivery by an Authorized Officer of such Borrower of a Notice of Borrowing, Continuation or Conversion), and in any event each such request shall be irrevocable and shall specify (A) the
Borrowings to be Continued or Converted, (B) the date of the Continuation or Conversion (which shall be a Business Day), and (C) the Interest Period or, in the case of a Continuation, the new Interest Period. Without in any way limiting
the obligation of each Borrower to confirm in writing any telephonic notice permitted to be given hereunder, the Global Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the
Global Agent in good faith to be from an Authorized Officer of such Borrower entitled to give telephonic notices under this Agreement on behalf of such Borrower. In each such case, the Global Agent’s record of the terms of such telephonic
notice shall be conclusive absent manifest error. 
 Section 2.11 Fees. 

(a) Facility Fees. The Company agrees to pay to the Global Agent, for the ratable benefit of each Non-Defaulting Lender based upon
each such Lender’s Fixed Commitment Percentage of the Total Facility Commitment, as consideration for the Commitments of the Lenders, facility fees (the “Facility Fees”) for the period from the Closing Date to, but not
including, the Credit Facility Termination Date, computed for each day at a rate per annum equal to (i) the Applicable Facility Fee Rate in effect on such day times (ii) the Total Facility Commitment in effect on such day. Accrued
Facility Fees shall be due and payable in arrears on the last Business Day of each March, June, September and December and on the Credit Facility Termination Date. 
 (b) [Reserved] 
 (c) LC Fees for Revolving Facility Letters of Credit.

 (i) The Company agrees to pay a fee in respect of each Revolving Facility Letter of Credit issued hereunder
that is a Standby Letter of Credit for the period from the date of issuance of such Revolving Facility Letter of Credit until the expiration date thereof (including any extensions of such expiration date that may be made at the election of the
account party or the beneficiary), computed for each day at a rate per annum equal to (A) the Applicable Margin for Fixed Rate Loans in effect on such day times (B) the Stated Amount of such Revolving Facility Letter of Credit on
such day. The foregoing fees shall be payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Credit Facility Termination Date. Such fees shall be payable to the Global Agent, for the ratable
benefit of the Lenders. 
 (ii) The Company agrees to pay a fee in respect of each Revolving Facility Letter of
Credit issued hereunder that is a Trade Letter of Credit in an amount equal to (A) one-half of the Applicable Margin for Fixed Rate Loans in effect on the date of issuance times (B) the Stated


  
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Amount of such Revolving Facility Letter of Credit. The foregoing fees shall be payable on the date of issuance of such Letter of Credit (or such other date as is agreed to by the Global Agent
and the applicable LC Issuer, but in any case not later than the expiry date of such Revolving Facility Letter of Credit), to the applicable LC Issuer for the ratable benefit of the Lenders based on each Lender’s Funding Percentage in effect on
the date of issuance. 
 (d) Fronting Fees. The Company agrees to pay directly to each LC Issuer, for its own account,
any fronting fees agreed to between the Company and such LC Issuer in respect of each Revolving Facility Letter of Credit issued by it. Such fronting fees shall be due and payable on the date or dates agreed to between the Company and such LC
Issuer. 
 (e) Additional Charges of LC Issuer. The Company and each other Borrower, as applicable, agree to pay directly
to each LC Issuer upon each LC Issuance, drawing under, or amendment, extension, renewal or transfer of, a Letter of Credit issued by it such amount as shall at the time of such LC Issuance, drawing, amendment, extension, renewal or transfer be the
processing charge that such LC Issuer is customarily charging for issuances of, drawings under or amendments, extensions, renewals or transfers of, letters of credit issued by it. 

(f) Global Agent Fees. The Company shall pay to the Global Agent, on the Closing Date and thereafter, for its own account, the
fees set forth in the Global Agent Fee Letter. 
 (g) Computations of Fees. All computations of Facility Fees, LC Fees
and other Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days, unless based on the Base Rate, in which case they shall be calculated on the basis of a 365 or 366 day year, as applicable, for the actual days
elapsed. 
 Section 2.12 Termination and Reduction of Commitments. 

(a) Mandatory Termination of Commitments. All of the Commitments shall terminate on the Credit Facility Termination Date.

 (b) Voluntary Termination of the Commitments. Upon at least three Business Days’ prior irrevocable written notice
(or telephonic notice confirmed in writing) to the Global Agent at its Notice Office (which notice the Global Agent shall promptly transmit to each of the Lenders), the Company shall have the right to terminate in whole the Commitments, provided
that (i) all outstanding Loans and Unpaid Drawings are contemporaneously prepaid in accordance with Section 2.13 and (ii) either there are no outstanding Letters of Credit or the Company shall contemporaneously cause all outstanding
Letters of Credit to be surrendered for cancellation (any such Letters of Credit to be replaced by letters of credit issued by other financial institutions acceptable to each LC Issuer and the Required Lenders). 

(c) Partial Reduction of Commitments. Upon at least three Business Days’ prior irrevocable written notice (or telephonic
notice confirmed in writing) to the Global Agent at its Notice Office (which notice the Global Agent shall promptly transmit to each of the Lenders), the Company shall have the right to partially and permanently reduce the Unutilized Total Revolving
Commitment; provided, however, that (i) any such reduction shall apply to proportionately (based on each Lender’s Fixed Commitment Percentage) and permanently reduce the Facility Commitment of each Lender and the Canadian Commitment
of each Canadian Lender, (ii) such reduction shall apply to proportionately and permanently reduce the Revolving Facility LC Commitment Amount, the Swing Line Commitment, the Total Canadian Commitment and the Maximum Foreign Exposure Amount,
but only to the extent that the Unutilized Total Revolving Commitment would be reduced below any such limits, (iii) no such reduction shall be permitted if any Borrower would be required to make a mandatory prepayment of Loans or cash
collateralize Letters 

  
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of Credit pursuant to Section 2.13, and (iv) any partial reduction shall be in the amount of at least $25,000,000 (or, if greater, in integral multiples of $5,000,000). 

Section 2.13 Payments and Prepayments of Loans. 
 (a) Voluntary Prepayments. Each Borrower shall have the right to prepay any of the Loans owing by it, in whole or in part, without premium or penalty (except as specified in subpart (d)
below), from time to time. The Borrower making such prepayment shall give the Global Agent at the Notice Office written or telephonic notice (in the case of telephonic notice, promptly confirmed in writing if so requested by the Global Agent) of its
intent to prepay the Loans, the amount of such prepayment and (in the case of Fixed Rate Loans) the specific Borrowing(s) pursuant to which made, which notice shall be received by the Global Agent by (x) 11:00 A.M. (local time at the
Notice Office) three Business Days prior to the date of such prepayment, in the case of any prepayment of Fixed Rate Loans, or (y) 11:00 A.M. (local time at the Notice Office) one Business Day prior to the date of such prepayment, in the
case of any prepayment of Base Rate Loans, and which notice shall promptly be transmitted by the Global Agent to each of the affected Lenders; provided, however, that (i) in the case of prepayment of any Borrowings, each partial
prepayment of any such Borrowing shall be in an aggregate principal of at least $5,000,000 (or, if less, the full amount of such Borrowing) or the Dollar Equivalent thereof, or an integral multiple of $1,000,000 or the Dollar Equivalent thereof in
excess thereof; (ii) no partial prepayment of any Loans made pursuant to a Borrowing shall reduce the aggregate principal amount of such Loans outstanding pursuant to such Borrowing to an amount less than the Minimum Borrowing Amount applicable
thereto; and (iii) each prepayment in respect of any Loans shall, unless otherwise specified by the applicable Borrower, be applied to repay such Loans in accordance with Section 2.14(b). 

(b) Mandatory Payments. The Loans shall be subject to mandatory repayment or prepayment, and the Revolving LC Outstandings shall
be subject to cash collateralization requirements, in accordance with the following provisions: 
 (i)
Maturity. Unless Continued or Converted in accordance with the terms of this Agreement, the principal amount of each Fixed Rate Loan shall be payable by the applicable Borrower on the last day of the Interest Period applicable to such Fixed
Rate Loan. The entire principal amount of all outstanding Loans owing by each Borrower shall be repaid in full on the Credit Facility Termination Date. 
 (ii) Loans Exceed the Commitments. If on any date (after giving effect to any other payments on such date) (A) the Aggregate Credit Facility Exposure exceeds the Maximum Credit Facility
Amount, (B) the Credit Facility Exposure of any Lender exceeds such Lender’s Facility Commitment, (C) the Revolving Facility Exposure of any Lender exceeds such Lender’s Facility Commitment, (D) the Aggregate Revolving
Facility Exposure exceeds the Total Facility Commitment, (E) the Aggregate Revolving Facility Exposure at such time that is denominated in any Designated Foreign Currency exceeds the Maximum Foreign Exposure Amount, (F) the Foreign
Subsidiary Borrower Exposure exceeds the Maximum Foreign Exposure Amount, (G) the Canadian Sub-Facility Exposure of any Canadian Lender exceeds such Canadian Lender’s Canadian Commitment, (H) the Aggregate Canadian Sub-Facility
Exposure exceeds the Total Canadian Commitment, or (I) the aggregate principal amount of Swing Loans outstanding exceeds the Swing Line Commitment, then, in the case of each of the foregoing, the applicable Borrower or the Company shall
prepay on such date the principal amount of Loans and, after Loans have been paid in full, Unpaid Drawings, in an aggregate amount at least equal to such excess and conforming in the case of partial prepayments of Loans to the requirements as to the
amounts of partial prepayments of Loans that are contained in subpart (a) above; provided, however, that the Borrowers shall not be required to prepay Loans in the case of clauses (E), (F), (G) or (H) above to the
extent that the Foreign Subsidiary Borrower Exposure, Canadian Sub-Facility Exposure, or 

  
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Aggregate Canadian Sub-Facility Exposure, as the case may be, exceeds the applicable maximum amount solely as a result of fluctuations in the exchange rate applicable to any Designated Foreign
Currency or Canadian Dollars, as applicable, and only to the extent the applicable Foreign Exposure is not more than 105% of the applicable maximum. 
 (iii) Revolving Facility LC Outstandings Exceed Commitment. If on any date (A) the Revolving Facility LC Outstandings exceed the Revolving Facility LC Commitment Amount as then in effect,
then the applicable LC Obligor or the Company shall pay to the Global Agent an amount in cash equal to such excess and the Global Agent shall hold such payment as security for the reimbursement obligations of the applicable LC Obligors
hereunder in respect of Revolving Facility Letters of Credit pursuant to a cash collateral agreement to be entered into in form and substance reasonably satisfactory to the Global Agent, each LC Issuer and the Company (which shall permit certain
investments in Permitted Investments satisfactory to the Global Agent, each LC Issuer and the Company until the proceeds are applied to the secured obligations). 
 (c) Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section, the Borrower making such repayment or prepayment shall designate the Types of
Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made; provided, however, that (i) such Borrower shall first so designate all Loans that are Base Rate Loans and
Fixed Rate Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Fixed Rate Loans for repayment or prepayment, (ii) if the outstanding principal amount of Fixed Rate Loans made pursuant to a
Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar Loans or BA Equivalent Loans, be Converted
into Base Rate Loans and, in the case of Foreign Currency Loans, be repaid in full, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied in accordance with Section 2.14(b). In the absence of a
designation by a Borrower as described in the preceding sentence, the Global Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Article III.

 (d) Breakage and Other Compensation. Any prepayment made pursuant to this Section shall be accompanied by any amounts
payable in respect thereof under Article III hereof. 
 Section 2.14 Method and Place of Payment. 

(a) Generally. All payments made by any Borrower hereunder, under any Note or any other Loan Document, shall be made without
setoff, counterclaim or other defense. 
 (b) Application of Payments. Except as specifically set forth elsewhere in this
Agreement and subject to Section 8.03, (i) all payments and prepayments of Loans (other than Swing Loans) and Unpaid Drawings with respect to Letters of Credit shall be applied by the Global Agent for the ratable benefit of the Lenders
entitled thereto (based on each such Lender’s Payment Sharing Percentage at the time of such payment) to pay or prepay such Loans or Unpaid Drawings, (ii) all payments or prepayments of Swing Loans and payments of interest thereon shall be
applied to pay or prepay such Swing Loans and unpaid interest thereon, (iii) all payments of Fees shall be applied as set forth in Section 2.11, and (iv) with respect to any other amounts, such amounts shall be distributed by the
Global Agent for the ratable account of the Lenders entitled thereto in accordance with the terms of this Agreement. 
 (c)
Payment of Obligations. Except as set forth in subpart (d) below, all payments under this Agreement with respect to any of the Obligations shall be made to the Global Agent on the date when due and shall be made at the Payment Office in
immediately available funds and, except as set forth in the next sentence, shall be made in Dollars. With respect to any Foreign Currency Loan, all payments (including 

  
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prepayments) to any Lender of the principal of or interest on such Foreign Currency Loan shall be made in the same Designated Foreign Currency as the original Loan and with respect to any
Revolving Facility Letter of Credit issued in a Designated Foreign Currency, all Unpaid Drawings with respect to each such Revolving Facility Letter of Credit shall be made in the same Designated Foreign Currency in which each such Revolving
Facility Letter of Credit was issued, unless the applicable LC Issuer agrees otherwise. 
 (d) Canadian Obligations. All
payments under this Agreement with respect to the Canadian Obligations shall be made to the Global Agent for the benefit of the Canadian Administrative Branch not later than 11:00 A.M. (local time at the Payment Office) on the date when due and
shall be made at the Payment Office in immediately available funds and in Canadian Dollars. 
 (e) Timing of Payments.
Any payments under this Agreement that are made later than 11:00 A.M. (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due
on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately
prior to such extension. 
 (f) Distribution to Lenders. Upon the Global Agent’s receipt of payments hereunder, the
Global Agent shall immediately distribute to each Lender or the applicable LC Issuer, as the case may be, its ratable share (as determined in accordance with subpart (b) above), if any, of the amount of principal, interest, and Fees received by
it for the account of such Lender. Payments received by the Global Agent in Dollars shall be delivered to the Lenders or the applicable LC Issuer, as the case may be, in Dollars in immediately available funds. Payments received by the Global Agent
in any Designated Foreign Currency or Canadian Dollars shall be delivered to the Lenders or the applicable LC Issuer, as the case may be, in such Designated Foreign Currency or Canadian Dollars, as applicable, in same day funds; provided,
however, that if at any time insufficient funds are received by and available to the Global Agent to pay fully all amounts of principal, Unpaid Drawings, interest and Fees then due hereunder then, except as specifically set forth elsewhere in
this Agreement and subject to Section 8.03, such funds shall be applied (i) first, towards payment of interest and Fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and
Fees then due to such parties, and (ii) second, towards payment of principal and Unpaid Drawings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and Unpaid Drawings then due to
such parties. 
 Section 2.15 Authority of Company; Liability of Foreign Subsidiary Borrowers. 

(a) Authority of the Company. Each Foreign Subsidiary Borrower hereby irrevocably designates and appoints the Company as its agent
under this Agreement and the other Loan Documents and hereby irrevocably authorizes the Company to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers (including, but not
limited to, requesting a Loan or Letter of Credit for such Foreign Subsidiary Borrowers hereunder) and perform such duties as such Foreign Subsidiary Borrower could exercise on its own (which the Company may, but shall not be obligated to, do),
together with such other powers as are reasonably incidental thereto, with all such actions by the Company that purport to be on behalf of any Foreign Subsidiary Borrower being sufficient, without any further action or authorization by such Foreign
Subsidiary Borrower, to bind such Foreign Subsidiary Borrower. The Global Agent, the Lenders and each LC Issuer shall be entitled to rely upon all statements, certificates, notices, consents, affidavits, letters, cablegrams, telegrams, facsimile
transmissions, electronic transmissions, e-mails, telex or teletype messages, orders or other documents or conversations furnished or made by the Company pursuant to any of the provisions of this Agreement or any of the other Loan Documents, or
otherwise in connection with the transactions contemplated by the Loan Documents, as being made or furnished on behalf of, and with the effect of irrevocably binding, each Foreign Subsidiary Borrower, without any duty to ascertain or to inquire as
to the authority of the 

  
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Company in so doing. Notwithstanding the foregoing, the Global Agent, the Lenders and each LC Issuer may also rely on or act in accordance with directions or instructions coming directly from any
such Foreign Subsidiary Borrower. 
 (b) Foreign Revolving Facility Borrowers. The parties intend that this Agreement
shall in all circumstances be interpreted to provide that each Foreign Revolving Facility Borrower is liable only for Loans made to such Foreign Revolving Facility Borrower, interest on such Loans, such Foreign Revolving Facility Borrower’s
reimbursement obligations with respect to any Revolving Facility Letter of Credit issued for its account and its ratable share of any of the other Obligations, including, without limitation, general fees, reimbursements and charges hereunder and
under any other Loan Document that are attributable to it. The liability of any Foreign Revolving Facility Borrower for the payment of any of the Obligations or the performance of its covenants, representations and warranties set forth in this
Agreement and the other Loan Documents shall be several from but not joint with the Obligations of any other Borrower. Nothing in this Section is intended to limit, nor shall it be deemed to limit, any of the liability of the Company for any of the
Obligations, whether in its primary capacity as a Borrower, pursuant to its guaranty obligations set forth in Article X, at law or otherwise. 
 Section 2.16 Eligibility and Addition/Release of Foreign Subsidiary Borrowers. 
 (a) Eligibility of Foreign Subsidiaries. At any time after the Closing Date, at the request of the Company, (i) a Schedule 5 Foreign Subsidiary or, (ii) with the consent of the Global
Agent and the Lenders, a Foreign Subsidiary organized under the laws of any other jurisdiction, may become a Foreign Subsidiary Borrower hereunder, provided that (i) only a Foreign Subsidiary that is organized under the laws of Canada or
any province or territory thereof may become the Canadian Borrower and no Foreign Subsidiary organized under the laws of Canada or any province or territory thereof may become a Foreign Revolving Facility Borrower; (ii) prior to becoming a
Foreign Subsidiary Borrower, the Company has provided to the Global Agent a written request signed by the Company and such Foreign Subsidiary, that such Foreign Subsidiary be designated as a Foreign Subsidiary Borrower pursuant to the terms of this
Agreement; (iii) such Foreign Subsidiary shall be a wholly-owned Subsidiary of the Company; (iv) the Company and such Foreign Subsidiary shall have satisfied the conditions precedent set forth in Section 5.02; (v) other than with
respect to a Schedule 5 Foreign Subsidiary, the addition of such Foreign Subsidiary as a Foreign Subsidiary Borrower hereunder shall not result in withholding tax liability or other adverse tax consequences or adverse legal impact to the Global
Agent, any LC Issuer or any Lender hereunder or would result in the Global Agent, any LC Issuer or any Lender not being a Qualifying Lender; (vi) with respect to a Schedule 5 Foreign Subsidiary, the addition of such Foreign Subsidiary as a
Foreign Subsidiary Borrower hereunder shall not result in withholding tax liability or other adverse tax consequences or adverse legal impact to the Global Agent, any LC Issuer or any Lender hereunder or would result in the Global Agent, any LC
Issuer or any Lender not being a Qualifying Lender, provided that any failure to satisfy the foregoing conditions in this subclause (vi) shall result solely from a change in law occurring after the Closing Date; (vii) other than
with respect to a Schedule 5 Foreign Subsidiary, at the time of the request by the Company that such Foreign Subsidiary be added as Foreign Subsidiary Borrower and after giving effect to the addition of such Foreign Subsidiary as a Foreign
Subsidiary Borrower, each Lender shall be a Qualifying Lender and no Event of Default shall exist or begin to exist; and (viii) with respect to a Schedule 5 Foreign Subsidiary, at the time of the request by the Company that such Foreign
Subsidiary be added as Foreign Subsidiary Borrower and after giving effect to the addition of such Foreign Subsidiary as a Foreign Subsidiary Borrower, each Lender shall be a Qualifying Lender (provided that a failure of a Lender to be a
Qualifying Lender shall result solely from a change in law occurring after the Closing Date) and no Event of Default shall exist or begin to exist. 
 (b) Notification to Lenders. Upon satisfaction by the Company and any Foreign Subsidiary of the requirements set forth in subpart (a) above, and the Global Agent’s satisfaction that the
addition of such Foreign Subsidiary as a Foreign Subsidiary Borrower hereunder is appropriately documented 

  
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pursuant to this Agreement and the other Loan Documents, the Global Agent shall promptly notify the Company, such Foreign Subsidiary and the Lenders thereof, and shall notify the Lenders whether
such Foreign Subsidiary is the Canadian Borrower or a Foreign Revolving Facility Borrower, whereupon such Foreign Subsidiary shall be designated a “Foreign Subsidiary Borrower” pursuant to the terms and conditions of this Agreement, and
such Foreign Subsidiary shall become bound by all representations, warranties, covenants, provisions and conditions of this Agreement and each other Loan Document applicable to the Foreign Subsidiary Borrowers as if such Foreign Subsidiary Borrower
had been the original party making such representations, warranties and covenants. 
 (c) Release of Foreign Subsidiary
Borrowers. Upon written request of the Company and any Foreign Subsidiary Borrower, such Foreign Subsidiary Borrower may be released as a Foreign Subsidiary Borrower hereunder, so long as (i) such Foreign Subsidiary Borrower does not have
any Credit Facility Exposure owing to any Lender at such time and has paid all accrued and unpaid interest and fees, if any, owing by it, and (ii) no Event of Default shall exist or immediately thereafter shall begin to exist. No such release
shall be effective until confirmed by the Global Agent to the Company, such Foreign Subsidiary Borrower and the Lenders in writing, which the Global Agent agrees to do forthwith upon satisfaction of the preceding clauses (i) and (ii). The
Lenders hereby authorize the Global Agent to release such Foreign Subsidiary Borrower in accordance with the terms and conditions of this subpart and agree that the Global Agent may execute and deliver such documents or agreements as the Global
Agent shall deem necessary or appropriate in connection therewith. No release of a Foreign Subsidiary Borrower shall affect the Company’s obligations under Article X of this Agreement or any other Credit Party’s obligations under the
Domestic Credit Party Guaranty. 
 Section 2.17 Increase in Credit Facility. 

(a) The Company may, by written notice to the Global Agent from time to time, but in no event more than twice,
request that the Total Facility Commitment be increased by an amount not to exceed the Incremental Facility Amount at such time. Upon the approval of such request by the Global Agent (which approval shall not be unreasonably withheld), the Global
Agent shall deliver a copy thereof to each Lender with a Facility Commitment. Such notice shall set forth the amount of the requested increase in the Total Facility Commitment (which shall be in minimum increments of $25,000,000 and a minimum amount
of $25,000,000 or equal to the remaining Incremental Revolving Facility Amount) and the date on which such increase is requested to become effective (which shall be not less than 10 Business Days nor more than 60 days after the date of such notice
and which, in any event, must be on or prior to the Credit Facility Termination Date), and shall offer each such Lender the opportunity to increase its Facility Commitment by its Fixed Commitment Percentage of the proposed increased amount. Each
such Lender shall, by notice to the Company and the Global Agent given not more than 10 days after the date of the Global Agent’s notice, either agree to increase its Facility Commitment by all or a portion of the offered amount (each such
Lender so agreeing being an “Increasing Revolving Lender”) or decline to increase its Facility Commitment (and any such Lender that does not deliver such a notice within such period of 10 days shall be deemed to have declined
to increase its Facility Commitment, and each Lender so declining or being deemed to have declined being a “Non-Increasing Revolving Lender”). In the event that, on the 10th day after the Global Agent shall have delivered a notice pursuant to the second sentence of this paragraph, the
Increasing Revolving Lenders shall have agreed pursuant to the preceding sentence to increase their Facility Commitments by an aggregate amount less than the increase in the Total Facility Commitment requested by the Company, the Company may arrange
for one or more banks or other entities (any such bank or other entity referred to in this clause being an “Augmenting Revolving Lender”), which may include any Lender, to extend Facility Commitments or increase their existing
Facility Commitments in an aggregate amount equal to the unsubscribed amount; provided that each Augmenting Revolving Lender, if not already a Lender with a Facility Commitment hereunder, shall be subject to the approval of the Global Agent (which
approval shall not be unreasonably withheld) and the Company and each Augmenting Revolving Lender shall execute all such documentation as the Global Agent shall 

  
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reasonably specify to evidence its Facility Commitment and/or its status as a Lender with a Facility Commitment hereunder. Any increase in the Total Facility Commitment may be made in an amount
that is less than the increase requested by the Company if the Company is unable to arrange for, or chooses not to arrange for, Augmenting Revolving Lenders. 
 (b) Each of the parties hereto agrees that the Global Agent may take any and all actions as may be reasonably necessary to ensure that, after giving effect to any increase in the Total Facility Commitment
pursuant to this Section 2.17, the outstanding Revolving Loans (if any) are held by the Lenders with Facility Commitments in accordance with their new Fixed Commitment Percentages. This may be accomplished at the discretion of the Global Agent
(w) by requiring the outstanding Revolving Loans to be prepaid with the proceeds of new Revolving Borrowings, (x) by causing Non-Increasing Revolving Lenders to assign portions of their outstanding Revolving Loans to Increasing Revolving
Lenders and Augmenting Revolving Lenders, (y) by permitting the Revolving Borrowings outstanding at the time of any increase in the Total Facility Commitment pursuant to this Section 2.17 to remain outstanding until the last days of the
respective Interest Periods therefor, even though the Lenders would hold such Revolving Borrowings other than in accordance with their new Fixed Commitment Percentages, or (z) by any combination of the foregoing. Notwithstanding the foregoing,
in order to eliminate any break funding liability to any Borrower, if, upon the date of any increase in the Total Facility Commitment pursuant to this Section 2.17, there is an unpaid principal amount of Revolving Loans outstanding to the
Borrower, the principal outstanding amount of all such Revolving Loans shall (A) in the case of such Revolving Loans which are Base Rate Loans, be immediately prepaid by the Borrower (but all such Revolving Loans may, on the terms and
conditions, be reborrowed on such date on a pro rata basis, based on the revised Commitments as then in effect) and (B) in the case of such Revolving Loans which are Eurodollar Loans, continue to remain outstanding (notwithstanding any other
requirement in this Agreement that such Revolving Loans be held on a pro rata basis based on the revised Commitments as then in effect) until the end of the then current Interest Period therefore, at which time such Eurodollar Loans shall be paid by
the Borrower (but all such Revolving Loans may, on the terms and conditions hereof, be reborrowed on such date on a pro rata basis, based on the Commitments as then in effect). Any prepayment or assignment described in this paragraph (b) shall
be without premium or penalty. 
 (c) Notwithstanding the foregoing, no increase in the Total Facility Commitment (or in the
Facility Commitment of any Lender) or addition of a new Lender shall become effective under this Section 2.17 unless, (x) on the date of such increase, the conditions set forth in Section 5.03 shall be satisfied and the Global Agent
shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Company, and (y) the Global Agent shall have received (with sufficient copies for each of the Lenders with Facility Commitments) legal
opinions, board resolutions and an officer’s certificate consistent with those delivered on the Closing Date under Section 5.01. 
 ARTICLE III 
 TAXES, INCREASED COSTS AND ILLEGALITY 

Section 3.01 Increased Costs, Illegality, etc. 
 (a) In the event that (x) in the case of clause (i) below, the Global Agent or (y) in the case of clauses (ii) and (iii) below, any Lender, shall have determined on a reasonable
basis (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto): 
 (i) on any date for determining the interest rate applicable to any Fixed Rate Loan for any Interest Period that, by reason of any changes arising after the Closing Date, adequate and fair means do not
exist for ascertaining the applicable interest rate on the basis provided for in this Agreement for such Fixed Rate Loan; or 

  
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 (ii) subject to Sections 2.09(h) and 3.03 and clauses (d) and
(e) below, at any time, that such Lender has incurred increased costs or reductions in the amounts received or receivable by it hereunder in an amount that such Lender deems material with respect to any Fixed Rate Loans (other than any Excluded
Taxes) because of any Change in Law, but, in all events, excluding reserves already includable in the interest rate applicable to such Fixed Rate Loan pursuant to this Agreement) (“Increased Costs”); or 

(iii) at any time, that the making or continuance of any Fixed Rate Loan has become unlawful by compliance by such Lender
in good faith with any Change in Law, or has become impracticable as a result of a contingency occurring after the Closing Date that materially adversely affects the London interbank market or the Canadian commercial banking market; 

then, and in each such event, such Lender (or the Global Agent in the case of clause (i) above) shall (x) on or promptly
following such date or time and (y) within 10 Business Days of the date on which such event no longer exists give notice (by telephone confirmed in writing) to the Company and to the Global Agent of such determination (which notice the Global
Agent shall promptly transmit to each of the other Lenders). Thereafter (x) in the case of clause (i) above, the affected Type of Fixed Rate Loans shall no longer be available until such time as the Global Agent notifies the Borrowers and
the Lenders that the circumstances giving rise to such notice by the Global Agent no longer exist, and any Notice of Borrowing, Continuation or Conversion given by any Borrower with respect to such Type of Fixed Rate Loans that have not yet been
incurred, Converted or Continued shall be deemed rescinded by the applicable Borrower or, in the case of a Notice of Borrowing, Continuation or Conversion other than a Borrowing of Foreign Currency Loans, shall, at the option of such Borrower, be
deemed converted into a Notice of Borrowing, Continuation or Conversion for Base Rate Loans to be made on the date of Borrowing contained in such Notice of Borrowing, Continuation or Conversion, (y) in the case of clause (ii) above, the
applicable Borrower shall pay to such Lender, within 15 days after demand by such Lender, such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender shall reasonably
determine) as shall be required to compensate such Lender, for such increased costs or reductions described in clause (ii) above in amounts receivable hereunder (a written notice as to the additional amounts owed to such Lender, showing the
basis for the calculation thereof, which basis must be reasonable and giving reasonable details of the circumstances giving rise to such claim, submitted to such Borrower by such Lender shall, absent manifest error, be final and conclusive and
binding upon all parties hereto) and (z) in the case of clause (iii) above, such Borrower shall take one of the actions specified in Section 3.01(b) as promptly as possible and, in any event, within the time period required by law.

 (b) At any time that any Fixed Rate Loan is affected by the circumstances described in Section 3.01(a)(ii) or (iii), the
applicable Borrower may (and in the case of a Fixed Rate Loan affected pursuant to Section 3.01(a)(iii) such Borrower shall) either (i) if the affected Fixed Rate Loan is then being made pursuant to a Borrowing, by giving the Global Agent
telephonic notice (confirmed promptly in writing) thereof on the same date that such Borrower was notified by a Lender pursuant to Section 3.01(a)(ii) or (iii), cancel said Borrowing, or, in the case of any Borrowing other than a Borrowing of
Foreign Currency Loans, convert the related Notice of Borrowing, Continuation or Conversion into one requesting a Borrowing of Base Rate Loans or require the affected Lender to make its requested Loan as a Base Rate Loan, or (ii) if the
affected Fixed Rate Loan is then outstanding, upon at least one Business Day’s notice to the Global Agent, require the affected Lender to Convert each such Fixed Rate Loan into a Base Rate Loan or, in the case of a Foreign Currency Loan, prepay
in full such Foreign Currency Loan; provided, however, that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.01(b). 

  
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 (c) Subject to clauses (d) and (e) below and with respect to Fixed Rate Loans
only, if any Lender shall have determined that a Change in Law has or would have the effect of reducing by an amount reasonably deemed by such Lender to be material to the rate of return on such Lender’s or its parent corporation’s capital
or assets as a consequence of such Lender’s commitments or obligations hereunder to a level below that which such Lender or its parent corporation could have achieved but for such Change in Law (taking into consideration such Lender’s or
its parent corporation’s policies with respect to capital adequacy), then from time to time, within 15 days after demand by such Lender (with a copy to the Global Agent), the applicable Borrower(s) shall pay to such Lender such additional
amount or amounts as will compensate such Lender or its parent corporation for such reduction. Each Lender, upon determining in good faith that any additional amounts will be payable pursuant to this Section 3.01(c), will give prompt written
notice thereof to the applicable Borrower(s), which notice shall set forth, in reasonable detail and giving reasonable details of the circumstances giving rise to such claim, the basis of the calculation of such additional amounts, which basis must
be reasonable, although the failure to give any such notice shall not release or diminish any of such Borrower’s obligations to pay additional amounts pursuant to this Section 3.01(c) upon the subsequent receipt of such notice. 

(d) Notwithstanding anything in this Agreement to the contrary, (i) no Lender shall be entitled to compensation or payment or
reimbursement of other amounts under Section 3.01 or Section 3.04 for any amounts incurred or accruing more than 120 days prior to the giving of notice to the applicable Borrower of additional costs or other amounts of the nature described
in such Sections, (ii) no Lender shall demand compensation for any reduction referred to in Section 3.01(c) or payment or reimbursement of other amounts under Section 3.04 if it shall not at the time be the general policy or practice
of such Lender to demand such compensation, payment or reimbursement in similar circumstances under comparable provisions of other credit agreements and (iii) for purposes of amounts borrowed by the Canadian Borrower, no Lender shall be
entitled to additional amounts under Section 3.01 to the extent that such Lender fails to deal with the Canadian Borrower on an arm’s length basis within the meaning of the Income Tax Act (Canada). 

(e) Section 3.01 does not apply to the extent any Increased Cost is attributable to the breach by the relevant Lender or its
Affiliates of any law, rule or regulation, or a failure by the relevant Lender or its Affiliates to make any required filing with any regulatory authority. 
 Section 3.02 Breakage Compensation. Each Borrower shall compensate each applicable Lender (including the Swing Line Lender), upon its written request (which request shall set forth the
detailed basis for requesting and the method of calculating such compensation), for all reasonable losses, costs, expenses and liabilities (including, without limitation, any loss, cost, expense or liability incurred by reason of the liquidation or
reemployment of deposits or other funds required by such Lender to fund its Fixed Rate Loans or Swing Loans and costs associated with foreign currency hedging obligations incurred by such Lender in connection with any Fixed Rate Loan, but excluding
any loss of the Applicable Margin on such Loans) which such Lender may sustain in connection with any of the foregoing: (i) if for any reason (other than a default by such Lender or the Global Agent) a Borrowing of Fixed Rate Loans or Swing
Loans does not occur on a date specified therefor in a Notice of Borrowing, Continuation or Conversion (whether or not withdrawn by such Borrower or deemed withdrawn pursuant to Section 3.01(a)); (ii) if any repayment, prepayment,
Conversion or Continuation of any of its Fixed Rate Loans occurs on a date that is not the last day of an Interest Period applicable thereto or any Swing Loan is paid prior to the Swing Loan Maturity Dave applicable thereto; (iii) if any
prepayment of any of its Fixed Rate Loans is not made on any date specified in a notice of prepayment given by such Borrower; (iv) as a result of an assignment by a Lender of any Fixed Rate Loan other than on the last day of the Interest Period
applicable thereto pursuant to a request by such Borrower pursuant to Section 3.05(b); or (v) as a consequence of (x) any other default by such Borrower to repay or prepay its Fixed Rate Loans when required by the terms of this
Agreement or (y) an election made pursuant to Section 3.05(b). The written request of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant 


  
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to this Section (and a reasonable level of detail as to the basis of calculation of such amounts) shall be delivered to the Company and each other Borrower responsible therefor and shall be
conclusive absent manifest error. Each Borrower shall pay such Lender the amount shown as due on any such request within 10 days after receipt thereof. 
 Section 3.03 Net Payments. 
 (a) All payments made by each Borrower
hereunder, under any Note or any other Loan Document, and all payments made by the Company pursuant to its guaranty obligations under Article X, shall be made without setoff, counterclaim or other defense. All such payments will be made free
and clear of, and without deduction or withholding for, any present or future taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or
taxing authority thereof or therein with respect to such payments (but excluding, except as provided in the second succeeding sentence, any (A) franchise tax (imposed in lieu of net income taxes) and taxes imposed on or measured by the net
income of a Lender pursuant to (i) the laws of the jurisdiction under which such Lender is organized or the jurisdiction in which the principal office or the Domestic Lending Office or Foreign Lending Office of such Lender, as applicable, is
located or any subdivision thereof or therein or (ii) the laws of any jurisdiction as a result of a present or former connection between such Lender and the jurisdiction of the Governmental Authority imposing such tax or any political
subdivision or taxing authority thereof or therein (other than any such connection arising solely from the Lender’s having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement, any Note or
any other Loan Document) and (B) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction described in clause (A) above (all such taxes described in this parenthetical, as
modified by the proviso at the end of the succeeding sentence, being referred to collectively as “Excluded Taxes”)), any withholding tax that is imposed to the extent that the requirements for a waiver of withholding under FATCA are
not met and all interest, penalties or similar liabilities with respect to such non-Excluded Taxes, levies, imposts, duties, fees, assessments or other charges (all such non-Excluded Taxes, levies, imposts, duties, fees, assessments or other charges
being referred to collectively as “Taxes”). If any Taxes are so levied or imposed, the applicable Borrower agrees to pay such additional amounts as may be necessary so that every payment by it of all amounts due hereunder, under any
Note or under any other Loan Document, after withholding or deduction for or on account of any Taxes will not be less than the amount provided for herein or in such Note or in such other Loan Document; provided, however, that to the extent
that any such payment, on the date that such payment falls due, could have been made without any such deduction or withholding if such payment were made to a Qualifying Lender, but the Lender to which such payment is made has ceased to be a
Qualifying Lender other than as a result of any Change in Law, then such Borrower shall not be required to pay such additional amounts attributable to such Lender’s failure to be a Qualifying Lender. Each Qualifying Lender whose qualifying
status is based upon a double tax treaty, or a relevant tax law in a jurisdiction of the relevant Borrower, shall timely cooperate in completing any procedural formalities (including, without limitation, the completion and provision of the Internal
Revenue Service Forms, the Withholding Certificate and an Exemption Certificate (if applicable) as described in Section 3.03(b)) necessary to obtain such Qualifying Lender status and shall promptly inform the Borrowers and the Global Agent of
any change affecting its Qualifying Lender status. If any amounts are payable in respect of Taxes pursuant to the sentence before the preceding sentence, such Borrower agrees to reimburse each Lender, within 15 Business Days of a written request of
such Lender for taxes imposed on or measured by the net income of such Lender by reason of the payment of such Taxes and net of any tax benefits received by such Lender pursuant to the laws of the jurisdiction in which such Lender is organized or in
which the principal office or Domestic Lending Office or Foreign Lending Office of such Lender is located, as the case may be, or under the laws of any political subdivision or taxing authority of any such jurisdiction in which the principal office
or the Domestic Lending Office or Foreign Lending Office of such Lender is located, as the case may be, and for any withholding of taxes measured by net income imposed by any relevant jurisdiction of the Borrowers, the United States of America or,
in the case 

  
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of any Canadian Lender, Canada as such Lender shall determine are payable by, or withheld from, such Lender in respect of such amounts so paid to or on behalf of such Lender pursuant to the
preceding sentence and in respect of any amounts paid to or on behalf of such Lender pursuant to this sentence, which request shall be accompanied by a statement from such Lender setting forth, in reasonable detail, the computations used in
determining such amounts. Each Borrower will furnish to the Global Agent within 45 days after the date the payment of any Taxes, or any withholding or deduction on account thereof, is due pursuant to applicable law certified copies of tax receipts,
or other evidence satisfactory to the respective Lender, evidencing such payment by such Borrower. Each Borrower will indemnify and hold harmless the Global Agent and each Lender, and reimburse the Global Agent or such Lender upon its written
request, for the amount of any Taxes attributable to such Borrower so levied or imposed and paid or withheld by such Lender. 

(b)(i) Each Lender that becomes a Lender on the Closing Date shall be a Qualifying Lender. Each Lender and Participant agrees to provide
to the Company and the Global Agent on or prior to the Closing Date, or in the case of a Participant or a Lender that is an assignee or transferee of an interest under this Agreement pursuant to Section 11.05 (unless the respective Lender or
Participant was already a Lender or Participant hereunder immediately prior to such assignment or transfer and such Lender or Participant is in compliance with the provisions of this Section), prior to the date of such assignment or transfer to such
Lender or Participant, and from time to time thereafter if required by the Company or the Global Agent: (1) either (x) two accurate and complete original signed copies of Internal Revenue Service Forms W-9, W-8BEN, W-8ECI, W-8EXP or W-8IMY
(or successor, substitute or other appropriate forms) certifying to such Lender’s or Participant’s entitlement to a complete exemption from, or a reduced rate of withholding from, United States withholding tax with respect to payments to
be made under this Agreement, any Note or any other Loan Document, or (y) in the case of a Lender or Participant that is not incorporated or organized under the laws of the United States or a state therein and is not a “bank” within
the meaning of Section 881(c)(3)(A) of the Code 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 certificate substantially in the
form of Exhibit H (any such certificate, an “Exemption Certificate”) and an Internal Revenue Service Form W-8BEN or, in either case, any subsequent versions thereof or successors thereto, properly completed and duly executed by such
Lender or Participant claiming complete exemption from U.S. federal withholding tax on all interest payments by the Borrowers made under this Agreement, any Note or any other Loan Document, (2) either (x) a certificate substantially in the
form of Exhibit I (any such certificate, a “Withholding Certificate”), executed by an authorized officer of such Lender and other appropriate documentation certifying to such Lender’s or Participant’s entitlement to a
complete exemption from, or rate of, withholding tax under the relevant tax law (as modified by any relevant double tax treaty) in each relevant jurisdiction of the Borrowers with respect to payments of interest to be made under this Agreement, any
Note or any other Loan Document or (y) such other written certifications as shall be sufficient for the Company and the Global Agent to determine whether such Lender or Participant is entitled to a complete exemption from, or rate of,
withholding tax under the relevant law in each relevant jurisdiction of the Borrowers with respect to payments of interest to be made under this Agreement, any Note or any other Loan Document and (3) a certificate substantially in the form of
Exhibit J (any such certificate, a “Qualifying Certificate”), executed by an authorized officer of such Lender or Participant, certifying to such Lender’s or Participant’s status as a Swiss Qualifying Lender. In addition,
each Lender and Participant agrees that from time to time after the Closing Date, when a lapse in time or change in circumstances renders the previous certification obsolete or inaccurate in any material respect, it will deliver to the Company and
the Global Agent (or, in the case of a Participant, to the Lender from which the related participation shall have been purchased) two new accurate and complete original signed copies of the applicable Internal Revenue Service Form, an Exemption
Certificate (if applicable), a Withholding Certificate and a Qualifying Certificate and related documentation, as the case may be, and such other forms as may be required in order to confirm or establish the entitlement of such Lender or Participant
to a continued exemption from, or rate of, withholding tax in each relevant jurisdiction of the Borrower with respect to payments under this Agreement, any Note or any other Loan Document. In 


  
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addition, if a payment made to a Lender or Participant under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender or Participant were to fail to
comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender or Participant shall deliver to the Borrower and the Global Agent, at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower or the Global Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional
documentation reasonably requested by the Borrower or the Global Agent as may be necessary for the Borrower and the Global Agent to comply with their obligations under FATCA, to determine that such Lender or Participant has complied with such
Lender’s or such Participant’s obligations under FATCA or to determine the amount to deduct and withhold from any such payments (the “FATCA Documentation”). Solely for purposes of this Section 3.03(a)(i),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (ii) Each
Lender and Participant that is not incorporated or organized under the laws of the jurisdiction under which a Foreign Subsidiary Borrower is incorporated or organized or is not a resident for taxation purposes of such Foreign Subsidiary
Borrower’s country of tax residence, shall deliver to the Global Agent, the Company, and the applicable Governmental Authority (if required), prior to the date such Lender or Participant becomes a Lender or Participant under this Agreement, any
form or certificate required in order that any payment by such Foreign Subsidiary Borrower under this Agreement or a Note to the Lender may be made without, or at a reduced rate of, withholding tax imposed on such payment under the laws of the
jurisdiction under which such Foreign Subsidiary Borrower is incorporated or organized or is otherwise a resident for taxation purposes. 
 (iii) Notwithstanding anything to the contrary contained in Section 3.03(a), but subject to Section 11.05(c) and the immediately succeeding sentence, (x) each Borrower shall be entitled, to
the extent it is required to do so by law, to deduct or withhold Taxes imposed by each relevant jurisdiction of the Borrowers (or any political subdivision or taxing authority thereof or therein) from interest, fees or other amounts payable
hereunder for the account of any Lender that has not provided to the Company such Internal Revenue Service Forms, Exemption Certificate (if applicable), Withholding Certificate, FATCA Documentation and related documentation that establish a complete
exemption from withholding and (y) no Borrower shall be obligated pursuant to Section 3.03(a) hereof to gross-up payments to be made to a Lender in respect of Taxes of such Lender or any additional amounts with respect thereto (A) if
such Lender (or related Participant) has not provided to the Company the Internal Revenue Service Forms or statement required to be provided to the Company pursuant to this Section 3.03(b), (B) if the Company has been provided a
Withholding Certificate from such Lender (or related Participant) providing for a zero rate of withholding tax under the relevant tax law in each relevant jurisdiction of the Borrowers with respect to payments of interest to be made under this
Agreement, which Withholding Certificate has proven to be inaccurate, (C) if the Lender was not a Qualifying Lender on the date that it became a Lender under this Agreement, (D) to the extent that such forms do not establish a complete
exemption from withholding of such Taxes or (E) if, in the case of a Qualifying Lender whose status is based upon a double tax treaty, a UK Borrower making the payment is able to demonstrate that the payment could have been made to the
Qualifying Lender had that Qualifying Lender completed any procedural formalities that may be required in order for the UK Borrower to make such payments without any deduction of or withholding from any Taxes. Notwithstanding anything to the
contrary contained in the preceding sentence or elsewhere in this Section 3.03 and except as specifically provided for in Section 11.05(c), each Borrower agrees to pay additional amounts and indemnify each Lender in the manner set forth in
Section 3.03(a) (without regard to the identity of the jurisdiction requiring the deduction or withholding) in respect of any Taxes deducted or withheld by it as described in the previous sentence as a result of any changes after the date that
such Lender became a Lender under this Agreement in any applicable 

  
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law, treaty, governmental rule, regulation, guideline or order, or in the interpretation thereof, relating to the deducting or withholding of income or similar Taxes. 

(c) If (i) a Lender or the Global Agent is entitled to claim a refund from a Governmental Authority in respect of Taxes or Other
Taxes as to which indemnification has been paid by any Borrower pursuant to this Section or Section 11.01 and (ii) such Lender or the Global Agent, in its sole opinion, reasonably determines the amount of such refund, net of any costs
incurred in pursuing such refund, is material, it shall make a timely claim to such Governmental Authority for such refund. If any Lender, in its sole opinion, reasonably determines that it has finally and irrevocably received or been granted a
refund in respect of any Taxes or Other Taxes paid as to which indemnification has been paid by any Borrower pursuant to this Section, or Section 11.01, it shall promptly remit to such Borrower such refund (including any interest received in
respect thereof), net of all out-of-pocket costs and expenses incurred in obtaining the refund; provided, however, that such Borrower agrees to promptly return any such refund (including any interest received in respect thereof) to such
Lender in the event such Lender is required to repay such refund to the relevant taxing authority. Any such Lender shall provide such Borrower with a copy of any notice of assessment from the relevant taxing authority (redacting any unrelated
confidential information contained therein) requiring repayment of such refund. Nothing contained herein shall impose an obligation on any Lender to apply for any such refund. 
 (d) Notwithstanding anything in this Agreement to the contrary, for purposes of payments made by the Canadian Borrower, no Lender shall be entitled to additional amounts under Section 3.03 to the
extent that such Lender is required to, but fails to, deal with such Canadian Borrower on an arm’s length basis within the meaning of the Income Tax Act (Canada). 
 (e) Swiss Borrower. 
 (i) Notwithstanding anything to the
contrary contained in Section 3.03(a), for purposes of interest payments made by a Swiss Obligor, no Lender shall be entitled to additional amounts under Section 3.03, or to an indemnity, or may claim an increased interest rate other than
to the extent permitted under Section 2.09(h), if the Swiss Obligor had to make a withholding or deduction for or on account of Swiss withholding taxes as a result of an assignment by a Lender pursuant to Section 11.05(c) to one or more
Eligible Assignees that are not Swiss Qualifying Lenders or the grant of a participation to a Person who is not a Swiss Qualifying Lender (unless such participation would qualify as a Qualifying Participation). 

(ii) Subject to Section 2.09(h), in the case of a tax deduction due to the application of Swiss Withholding Tax, if a
tax deduction is required by law to be made by the Swiss Borrower or any other Credit Party, the amount of the payment due from the Swiss Borrower or such Credit Party shall be increased to an amount which (after making any tax deduction) leaves an
amount equal to the payment which would have been due if no tax deduction had been required. 
 (iii) Neither the
Swiss Borrower nor any other Credit Party is required to make an increased payment to a Lender under clause (ii) above for a tax deduction in respect of Tax imposed by the Swiss Borrower or such Credit Party’s relevant jurisdiction from a
payment, if on the date on which the payment falls due: 
  

	 	(A)	the tax deduction is on account of Swiss Withholding Tax and the relevant Lender is compensated for by an increased payment under paragraph Section 2.09(h)(ii); or


  

	 	(B)	the tax deduction is on account of Swiss Withholding Tax and the relevant Lender would have been compensated for by an increased 


  
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payment under Section 2.09(h)(ii), but was not so compensated solely because one of the exclusions in Section 2.09(h)(iv) applied. 


(iv) Each Lender that is a Swiss Qualifying Lender represents, warrants and undertakes that for as long as any Loan under
the Revolving Facility is outstanding, it is and will use its commercially reasonable efforts to continue to qualify as a Swiss Qualifying Lender. Any Lender that ceases to be a Swiss Qualifying Lender shall promptly notify the Company that it has
ceased to be a Swiss Qualifying Lender. If as a result of such event the number of Swiss Non-Qualifying Lenders under the Revolving Facility exceeds ten, the Company, without limiting any of its rights under Section 2.09(h)(iv), shall have the
right to request that the respective Lender assigns or transfers by novation all of its rights and obligations under the Revolving Facility to a new Lender qualifying as a Swiss Qualifying Lender or another existing Lender qualifying as a Swiss
Qualifying Lender, all in accordance with Section 11.05(c) and Section 11.05(f). 
 Section 3.04 Increased
Costs to LC Issuers. Subject to Section 3.01(e) above, if any Change in Law shall either (i) impose, modify or make applicable any reserve, deposit, capital adequacy or similar requirement against Letters of Credit issued by such LC
Issuer or such Lender’s participation therein, or (ii) shall impose on such LC Issuer or any Lender any other conditions affecting this Agreement, any Letter of Credit or such Lender’s participation therein; and the result of any of
the foregoing is to increase the cost to such LC Issuer or such Lender of issuing, maintaining or participating in any Letter of Credit, or to reduce the amount of any sum received or receivable by such LC Issuer or such Lender hereunder (other than
any increased cost or reduction in the amount received or receivable resulting from the imposition of or a change in the rate of taxes or similar charges), then, within 15 days after demand to the applicable Borrowers by such LC Issuer or such
Lender (a copy of which notice shall be sent by such LC Issuer or such Lender to the Global Agent), each such Borrower shall pay to such LC Issuer or such Lender such additional amount or amounts as will compensate any such LC Issuer or such Lender
for such increased cost or reduction. A certificate submitted to such Borrower by any LC Issuer or any Lender, as the case may be (a copy of which certificate shall be sent by such LC Issuer or such Lender to the Global Agent), setting forth, in
reasonable detail, the basis for the determination of such additional amount or amounts necessary to compensate any LC Issuer or such Lender as aforesaid shall be conclusive and binding on such Borrower absent manifest error, although the failure to
deliver any such certificate shall not release or diminish any of such Borrower’s obligations to pay additional amounts pursuant to this Section. The obligation of a Borrower to pay any additional amounts pursuant to this Section 3.04 does
not apply to the extent any such increased cost or reduction in the amount received or receivable by an LC Issuer or a Lender is attributable to the breach by the relevant LC Issuer, Lender or an Affiliate of the relevant claimant of any law, rule
or regulation, or a failure by the relevant LC Issuer, Lender or its Affiliate of the relevant claimant to make any required filing with any regulatory authority. 
 Section 3.05 Change of Lending Office; Replacement of Lenders. 
 (a)
Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 3.01(a)(ii) or (iii), Section 3.01(c), Section 3.03 or Section 3.04 with respect to such Lender, it will, if requested by the
Company, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another Domestic Lending Office or Foreign Lending Office for any Loans or Commitments affected by such event; provided, however, that such
designation is made on such terms that such Lender and its Domestic Lending Office or Foreign Lending Office, as the case may be, suffer no economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving
rise to the operation of any such Section. 
 (b) If (i) any Lender requests any compensation, reimbursement or other
payment under Section 3.01(a)(ii) or (iii), 3.01(c) or Section 3.04 with respect to such Lender, (ii) any Borrower is required to pay any additional amount to any Lender or Governmental Authority pursuant to Section 3.03,


  
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(iii) any Lender is a Defaulting Lender or (iv) any Lender refused to consent to any amendment, waiver or other modification of any Loan Document requested by the Company that requires
the consent of a greater percentage of the Lenders than the Required Lenders and such amendment, waiver or other modification is consented to by the Required Lenders, then the Company may, at its sole expense, upon notice to such Lender and the
Global Agent, require such Lender to assign and delegate, without recourse (in accordance with the restrictions contained in Section 11.05(c)), all its interests, rights and obligations under this Agreement to an Eligible Assignee that, so long
as no Event of Default shall have occurred and is continuing, is not subject to any Taxes, which Eligible Assignee shall assume such obligations; provided, however, that (x) the Company shall have received the prior written consent of
the Global Agent, which consent shall not be unreasonably withheld or delayed, (y) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the applicable Borrower or Borrowers (in the case of all other amounts, including any breakage compensation under
Section 3.02 hereof), and (z) in the case of any such assignment resulting from a claim for compensation, reimbursement or other payments required to be made under Section 3.01(a)(ii) or (iii), (c) or Section 3.04 with
respect to such Lender, or resulting from any required payments to any Lender or Governmental Authority pursuant to Section 3.03, such assignment will result in a reduction in such compensation, reimbursement or payments. A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a result of an unconditional and irrevocable waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to
apply. 
 (c) Nothing in this Section 3.05 shall affect or postpone any of the obligations of the Borrowers or the right of
any Lender provided in Section 3.01, Section 3.03 or Section 3.04. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 
 The Parent and the Company represent and warrant to each of the Lenders, LC Issuers and the Global Agent that: 
 Section 4.01 Organization; Powers. Each of the Parent, the Company and the Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its
organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is
qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

Section 4.02 Authorization; Enforceability. The execution, delivery and performance by the Company, the Parent and the other
Credit Parties of this Agreement and the other Loan Documents, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder (collectively, the “Transactions”) are within such Credit
Party’s corporate powers and have been duly authorized by all necessary corporate and, if required, stockholder action. This Agreement has been duly executed and delivered by each of the Parent, the Company and each other Credit Party party
hereto and constitutes, and each other Loan Document to which any Credit Party is to be a party, when executed and delivered by such Credit Party, will constitute, a legal, valid and binding obligation of each of the Parent, the Company or such
Credit Party (as the case may be), enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of
equity, regardless of whether considered in a proceeding in equity or at law. 

  
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 Section 4.03 Governmental Approvals; No Conflicts. The Transactions (a) do
not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, (b) will not violate any applicable law or
regulation or the charter, by-laws or other organizational documents of any of the Parent, the Company or any Subsidiary or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture or other
agreement for borrowed money or under any other material agreement binding upon any of the Parent, the Company or any Subsidiary or its assets, or give rise to a right thereunder to require any payment to be made by any of the Parent, the Company or
any Subsidiary, and (d) will not result in the creation or imposition of any Lien on any material asset of any of the Parent, the Company or any Subsidiary. 
 Section 4.04 Financial Condition; No Material Adverse Change. 
 (a)
The Company has furnished to the Global Agent and the Lenders complete and correct copies of the audited consolidated balance sheets of the Parent and its consolidated Subsidiaries as of January 29, 2011 and the related audited consolidated
statements of income, shareholders’ equity, and cash flows of the Parent and its consolidated Subsidiaries for the fiscal year of the Parent then ended, accompanied by the report thereon of PricewaterhouseCoopers. All such financial statements
have been prepared in accordance with GAAP, consistently applied (except as stated therein), and fairly present the financial position of the Parent and its Subsidiaries as of the respective dates indicated and the consolidated results of their
operations and cash flows for the respective periods indicated, subject in the case of any such financial statements that are unaudited, to normal audit adjustments, none of which will involve a Material Adverse Effect. The Parent and its
Subsidiaries did not have, as of the date of the latest financial statements referred to above, and will not have as of the Closing Date after giving effect to the incurrence of Loans or LC Issuances hereunder, any material or significant contingent
liability or liability for taxes, long-term lease or unusual forward or long-term commitment that is not reflected in the foregoing financial statements or the notes thereto in accordance with GAAP and that in any such case is material in relation
to the business, operations, properties, assets, financial or other condition or prospects of the Parent and its Subsidiaries. 

(b) The financial projections of the Parent and its Subsidiaries for the fiscal years 2011 and 2012 prepared by the Parent and delivered
to the Global Agent and the Lenders (the “Financial Projections”) were prepared on behalf of the Parent in good faith after taking into account historical levels of business activity of the Parent and its Subsidiaries, known trends,
including general economic trends, and all other information, assumptions and estimates considered by management of the Parent and its Subsidiaries to be pertinent thereto; provided, however, that no representation or warranty is made
as to the impact of future general economic conditions or as to whether the Parent’s projected consolidated results as set forth in the Financial Projections will actually be realized, it being recognized by the Lenders that such projections as
to future events are not to be viewed as facts and that actual results for the periods covered by the Financial Projections may differ materially from the Financial Projections. No facts are known to the Parent or the Company as of the Closing Date
which, if reflected in the Financial Projections, would result in a material adverse change in the assets, liabilities, results of operations or cash flows reflected therein. 
 (c) Since January 29, 2011, there has been no material adverse change in the business, assets, operations, prospects or condition, financial or otherwise, of the Parent, the Company and the
Subsidiaries, taken as a whole. 
 Section 4.05 Properties. 

  
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 (a) Each of the Parent, the Company and the Subsidiaries has good title to, or valid
leasehold interests in, all its real and personal property material to its business, except for defects in title that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b) Each of the Parent, the Company and the Subsidiaries owns, or is licensed to use, all trademarks, trade names, copyrights, patents
and other intellectual property material to its business, and the use thereof by the Parent, the Company and the Subsidiaries does not infringe upon the rights of any other Person, except for any such failure to own or be licensed and infringements
that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 4.06 Litigation and Environmental Matters. 
 (a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Company, threatened against or affecting any of the Parent,
the Company or any of the Subsidiaries (i) 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 (other than the Disclosed Matters) or (ii) that expressly contest the validity of this Agreement or the Transactions. 
 (b) Except for the Disclosed Matters and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, none of
the Parent, the Company nor any Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any
Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability. 

(c) There has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or
materially increased the likelihood of, a Material Adverse Effect. 
 Section 4.07 Compliance with Laws and
Agreements. Each of the Parent, the Company and the Subsidiaries holds all necessary foreign, federal, state, local and other governmental licenses, registrations, certifications, permits and authorizations necessary to conduct its business and
is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property (including any law, regulation, or list of any Governmental Authority including, without limitation, the U.S. Office of Foreign
Asset Control list, Executive Order No. 13224 or the USA Patriot Act, that prohibits or limits the conduct of business with or the receiving of funds, goods or services to or for the benefit of certain Persons specified therein or that
prohibits or limits any Lender or LC Issuer from making any advance or extension of credit to any Borrower or from otherwise conducting business with any Borrower) and all indentures, agreements and other instruments binding upon it or its property,
except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Event of Default has occurred and is continuing. 

Section 4.08 Investment Company Status. None of the Parent, the Company nor any Subsidiary is an “investment
company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 
 Section 4.09
Taxes. The Parent and each of its Subsidiaries has filed all material tax returns, domestic and foreign, required to be filed by it and has paid and remitted all income taxes, goods and services or sales taxes shown to be due and payable on
such tax returns and all other material taxes and assessments payable or to be remitted by it that have become due, other than those not yet delinquent and except for those contested in good faith. The Parent and each of its Subsidiaries have
established on their 

  
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books such charges, accruals and reserves in respect of taxes, assessments, remittances, fees and other governmental charges for all fiscal periods as are required by GAAP. Neither the Parent nor
any Borrower knows of any proposed assessment for additional federal, foreign or state or provincial taxes for any period, or of any basis therefor, which, individually or in the aggregate, taking into account such charges, accruals and reserves in
respect thereof as the Parent and its Subsidiaries have made, could reasonably be expected to have a Material Adverse Effect. 

Section 4.10 ERISA. Compliance by the Parent and the Borrowers with the provisions hereof and Credit Events contemplated
hereby will not involve any Prohibited Transaction. The Parent and each of its Subsidiaries, (i) have fulfilled all obligations under minimum funding standards of ERISA and the Code with respect to each Plan that is not a Multiemployer Plan or
a Multiple Employer Plan, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, (ii) have satisfied all respective contribution obligations in respect of
each Multiemployer Plan and each Multiple Employer Plan, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, (iii) are in compliance with all other
applicable provisions of ERISA and the Code with respect to each Plan, each Multiemployer Plan and each Multiple Employer Plan, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a
Material Adverse Effect, and (iv) have not incurred any liability under Title IV of ERISA to the PBGC with respect to any Plan, any Multiemployer Plan, any Multiple Employer Plan, or any trust established thereunder, except where the incurrence
of such liability could not reasonably be expected to result in a Material Adverse Effect. No Plan or trust created thereunder has been terminated, and there have been no Reportable Events, with respect to any Plan or trust created thereunder or
with respect to any Multiemployer Plan or Multiple Employer Plan, which termination or Reportable Event will or could result in the termination of such Plan, Multiemployer Plan or Multiple Employer Plan and give rise to a Material Adverse Effect.
Neither the Parent, the Company nor any ERISA Affiliate is at the date hereof, or has been at any time within the two years preceding the date hereof, an employer required to contribute to any Multiemployer Plan or Multiple Employer Plan, or a
“contributing sponsor” (as such term is defined in Section 4001 of ERISA) in any Multiemployer Plan or Multiple Employer Plan. Neither the Parent, the Company nor any ERISA Affiliate has any material contingent liability with respect
to any post-retirement “welfare benefit plan” (as such term is defined in ERISA) except as has been disclosed to the Global Agent and the Lenders in writing. Neither the Parent nor any Subsidiary of the Parent maintains, in respect of
employment in Canada, either (i) any defined benefit registered pension plan or (ii) any retiree welfare benefits plans for employees. 
 Section 4.11 Disclosure. The reports, financial statements, certificates and other information furnished by or on behalf of the Parent , any Borrower or any other Credit Party to the Global
Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished), taken as a whole, do not contain any material misstatement of fact or omit to state any
material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Company represents only that such information
was prepared in good faith based upon assumptions believed to be reasonable at the time. 
 Section 4.12
Subsidiaries. Schedule 4.12 sets forth the name of, and the ownership interest of the Parent and each of its Subsidiaries in, and of the Company and each of its Subsidiaries in, each Subsidiary, in each case as of the Closing Date. Each
Domestic Subsidiary (other than any Excluded Domestic Subsidiary) is a Credit Party as of the Closing Date. 
 Section 4.13
Use of Proceeds; Margin Regulations. 

  
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 (a) The proceeds of all Loans and LC Issuances shall be utilized to provide working capital
and funds for general corporate purposes (including for letters of credit, capital expenditures, acquisitions and investments), in each case, not inconsistent with the terms of this Agreement. 

(b) No part of the proceeds of any Credit Event will be used directly or indirectly to purchase or carry Margin Stock, or to extend
credit to others for the purpose of purchasing or carrying any Margin Stock, in violation of any of the provisions of Regulations T, U or X of the Board of Governors of the Federal Reserve System. No Borrower is engaged in the business of extending
credit for the purpose of purchasing or carrying any Margin Stock. At no time would more than 25% of the value of the assets of the Parent, the Company or of the Parent and its consolidated Subsidiaries that are subject to any
“arrangement” (as such term is used in Section 221.2(g) of such Regulation U) hereunder be represented by Margin Stock. 
 Section 4.14 Insurance. The Parent and each of its Subsidiaries maintains insurance coverage by such insurers and in such forms and amounts and against such risks as are generally consistent
with industry standards and in each case in compliance with the terms of Section 6.05. 
 Section 4.15 Material
Contracts. Neither the Parent, the Company nor any of its Subsidiaries is in breach of any of its obligations under any contract, agreement, document or instrument, in each case to the extent any such default or event of default could reasonably
to expected to have a Material Adverse Effect. 
 ARTICLE V 

CONDITIONS 

Section 5.01 Conditions Precedent at Closing Date. The obligation of the Lenders to make Loans and acquire participations in
Letters of Credit and Swing Loans, and of any LC Issuer to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied: 

(a) Credit Agreement. The Global Agent (or its counsel) shall have received from each party hereto either (i) a counterpart of
this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Global Agent (which may include telecopy transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this
Agreement. 
 (b) Notes. The Company shall have executed and delivered to the Global Agent a Swing Line Note for the
Swing Line Lender and a Revolving Facility Note for the account of each Lender that has requested a Note. 
 (c) Opinions of
Counsel. The Global Agent shall have received such opinions of counsel from counsel to the Parent, the Company, the Foreign Subsidiary Borrowers, and the Subsidiary Guarantors as the Global Agent shall request, each of which shall be addressed
to the Global Agent and each of the Lenders and dated the Closing Date and in form and substance satisfactory to the Global Agent. 
 (d) Corporate Resolutions and Approvals; Incumbency Certificates and Corporate Charter and Good Standing Certificates. The Global Agent shall have received such documents and certificates as the
Global Agent or its counsel may reasonably request relating to the organization, existence and good standing of each Credit Party, the authorization of the Transactions and any other legal matters relating to the Credit Parties, this Agreement or
the Transactions, all in form and substance reasonably satisfactory to the Global Agent and its counsel. 

  
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 (e) Closing Certificate. The Global Agent shall have received a certificate, dated
the Closing Date and signed by a Financial Officer of the Company, confirming compliance as of the Closing Date with the conditions set forth in paragraphs (a) and (b) of Section 5.03, substantially in the form attached hereto as
Exhibit F. 
 (f) [Reserved]. 
 (g) Fees and Fee Letters. The Company shall have (A) executed and delivered to the Global Agent, the Global Agent Fee Letter and shall have paid to the Global Agent, for its own account, the
fees required to be paid by it on the Closing Date, (B) executed and delivered to the Global Agent, the Closing Fee Letter and shall have paid to the Global Agent, for the benefit of the Lenders, the fees required to be paid therein,
(C) executed and delivered to the Global Agent, the Arrangement Fee Letter and shall have paid to PNC Capital Markets LLC and J.P. Morgan Securities, LLC, for their benefit, the fees required to be paid therein, and (D) paid or caused to
be paid all reasonable fees and expenses of the Global Agent and of special counsel to the Global Agent that have been invoiced on or prior to the Closing Date in connection with the preparation, execution and delivery of this Agreement and the
other Loan Documents and the consummation of the transactions contemplated hereby and thereby. 
 (h) Domestic Credit Party
Guaranty; Loan Documents. The Parent and each Subsidiary Guarantor shall have duly executed and delivered the Guaranty of Payment (Domestic Credit Party) (as modified, amended or supplemented from time to time in accordance with the terms
thereof and hereof, the “Domestic Credit Party Guaranty”), substantially in the form attached hereto as Exhibit C-1. Each Credit Party shall have duly executed and delivered each other Loan Document to which it is a party.

 (i) Search Reports. The Global Agent shall have received the results of UCC and other search reports from one or more
commercial search firms acceptable to the Global Agent, listing all of the effective financing statements filed against any Credit Party, together with copies of such financing statements. 

(j) Proceedings and Documents. All corporate and other proceedings and all documents incidental to the transactions contemplated
hereby shall be satisfactory in substance and form to the Global Agent and the Lenders and the Global Agent and its special counsel and the Lenders shall have received all such counterpart originals or certified or other copies of such documents as
the Global Agent or its special counsel or any Lender may reasonably request. 
 (k) Insurance. The Global Agent shall
have received certificates of insurance and other evidence satisfactory to it of compliance with the insurance requirements of this Agreement. 
 (l) Model. The Credit Parties shall have provided the Global Agent a copy of financial projections for the fiscal years 2011 and 2012 which have been prepared taking into account historical levels
of business activity, known trends, including general economic trends, and other information, assumptions and estimates considered by management of the Parent and its Subsidiaries to be pertinent thereto, and such Financial Projections shall be
satisfactory to the Global Agent. 
 (m) Patriot Act Compliance. The Global Agent and the Lenders shall have received all
documentation and other information reasonably required (or reasonably requested by them) by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act.

 (n) No Material Adverse Effect. There shall not have occurred any event or condition since January 29, 2011 that,
in the reasonable opinion of the Global Agent or the Lenders, has had or could reasonably be expected to have a Material Adverse Effect. 

  
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 (o) ERISA and Labor Matters. The Credit Parties shall have provided to the Global
Agent and the Lenders all documentation with respect to any Reportable Event and, other than the matters disclosed on Schedule 4.06, any other material labor-related matter involving any Credit Party or any ERISA Affiliate. 

(p) Approvals and Licenses. The Global Agent shall be reasonably satisfied that all necessary consents, permits, licenses and
approvals (governmental or otherwise) required for the execution, delivery and performance by each Credit Party of the Loan Documents have been duly obtained and are in full force and effect. 

(q) Litigation. There shall not exist any litigation that, if adversely determined, could reasonably be expected, individually or
in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters), on the business, operations, property or condition (financial or otherwise) of the Credit Parties taken as a whole. 

(r) Miscellaneous. The Credit Parties shall have provided to the Global Agent and the Lenders such other items and shall have
satisfied such other conditions as may be reasonably required by the Global Agent or the Lenders. 
 Section 5.02
Conditions Precedent to Addition of Foreign Subsidiary Borrowers. The obligation of the Lenders to make Loans, and of any LC Issuer to issue Letters of Credit, to any Foreign Subsidiary Borrower that becomes a party to this Agreement pursuant
to Section 2.16, is subject to the satisfaction of each of the following conditions on or prior to the date any such Loan is made to, or Letter of Credit is issued for the account of, such Foreign Subsidiary Borrower: 

(i) Joinder Agreement. Such Foreign Subsidiary Borrower shall have executed and delivered to the Global Agent a
Joinder Agreement (as modified, amended or supplemented from time to time in accordance with the terms thereof and hereof, a “Joinder Agreement”), substantially in the form attached hereto as Exhibit D, pursuant to which such
Foreign Subsidiary Borrower shall have become a party to this Agreement. 
 (ii) Notes. Such Foreign
Subsidiary Borrower shall have executed and delivered to the Global Agent a Revolving Facility Note for the account of each Lender that has requested a Note. 
 (iii) Foreign Subsidiary Guaranty. Each Foreign Subsidiary that receives loans of Loan proceeds from such Foreign Subsidiary Borrower (each, a “Foreign Subsidiary Guarantor”) shall
have executed and delivered to the Global Agent the Guaranty of Payment (Foreign Subsidiary) (as modified, amended or supplemented from time to time in accordance with the terms thereof, the “Foreign Subsidiary Guaranty”), subject
to the Foreign Guaranty Principles but otherwise substantially in the form attached hereto as Exhibit C-2. 
 (iv) Corporate Resolutions and Approvals. The Global Agent shall have received certified copies of the resolutions of the Board of Directors or equivalent governing body of such Foreign Subsidiary
Borrower and each Foreign Subsidiary Guarantor, approving the Loan Documents to which such Foreign Subsidiary Borrower and such Foreign Subsidiary Guarantor are or may become a party, and of all documents evidencing other necessary corporate action
and governmental approvals, if any are required by law of the jurisdiction of incorporation of the relevant Foreign Credit Party, with respect to the execution, delivery and performance by such Foreign Subsidiary Borrower and such Foreign Subsidiary
Guarantor of the Loan Documents to which it is or may become a party. 

  
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 (v) Incumbency Certificates. The Global Agent shall have received a
certificate of the Secretary or an Assistant Secretary (or equivalent officers) of such Foreign Subsidiary Borrower and each Foreign Subsidiary Guarantor, certifying the names and true signatures of the officers of such Foreign Subsidiary Borrower
and such Foreign Subsidiary Guarantor authorized to sign the Loan Documents to such Foreign Subsidiary Borrower and such Foreign Subsidiary Guarantor are a party and any other documents to which such Foreign Subsidiary Borrower and such Foreign
Subsidiary Guarantor are a party that may be executed and delivered in connection herewith. 
 (vi) Opinions
of Counsel. The Global Agent shall have received such opinions of counsel from counsel to such Foreign Subsidiary Borrower as the Global Agent shall request, each of which shall be addressed to the Global Agent and each of the Lenders and in
form and substance satisfactory to the Global Agent. 
 (vii) Organizational Documents. The Global Agent
shall have received an original certified copy of the Organizational Documents of such Foreign Subsidiary Borrower and such Foreign Subsidiary Guarantor, certified by an officer of such Foreign Subsidiary Borrower as being true and correct and in
full force and effect. 
 (viii) Amendments to Loan Documents. The Global Agent shall have received such
amendments or other modifications to the Loan Documents, fully executed by the appropriate parties thereto, that the Global Agent deems necessary or appropriate in connection with the addition of such Foreign Subsidiary Borrower and such Foreign
Subsidiary Guarantor. 
 (ix) Proceedings and Documents. All corporate and other proceedings with respect
to the addition of such Foreign Subsidiary Borrower and such Foreign Subsidiary Guarantor and all documents incidental thereto shall be satisfactory in substance and form to the Global Agent and the applicable Lenders and the Global Agent and its
special counsel and the applicable Lenders shall have received all such counterpart originals or certified or other copies of such documents as the Global Agent or its special counsel or any applicable Lender may reasonably request. 

(x) Miscellaneous. The Company, such Foreign Subsidiary Borrower and such Foreign Subsidiary Guarantor shall have
provided to the Global Agent and the Lenders such other items and shall have satisfied such other conditions as may be reasonably required by the Global Agent or the Lenders. 
 Section 5.03 Conditions Precedent to All Credit Events. The obligations of the Lenders to make or participate in each Credit Event is subject, at the time thereof, to the satisfaction of the
following conditions: 
 (a) Representations and Warranties. The representations and warranties of each of the Parent and
the Company set forth in this Agreement shall be true and correct on and as of the date of such Credit Event, except to the extent any such representation or warranty is limited to another particular date, in which instance, such representation or
warranty shall be true and correct on and as of such other date. 
 (b) No Default. At the time of and immediately after
giving effect to such Credit Event, no Default shall have occurred and be continuing. Each Credit Event shall be deemed to constitute a representation and warranty by each of the Parent and the Borrower on the date thereof as to the matters
specified in paragraphs (a) and (b) of this Section 5.03, and if applicable, specified in Section 5.02. 

(c) Notice. The Global Agent (and in the case of subpart (iii) below, the applicable LC Issuer) shall have received, as
applicable, (i) a Notice of Borrowing, Continuation or Conversion meeting the 

  
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requirements of Section 2.06 with respect to any Borrowing (other than a Continuation or Conversion), (ii) a Notice of Borrowing, Continuation or Conversion meeting the requirements of
Section 2.10(b) with respect to a Continuation or Conversion, or (iii) a Revolving Facility LC Request meeting the requirements of Section 2.05(b) with respect to each LC Issuance. 

ARTICLE VI 

AFFIRMATIVE COVENANTS 
 The Parent and the Company hereby covenant and agree that on the Closing Date and thereafter so long as this Agreement is in effect and until such time as the Commitments have been terminated, no Notes
remain outstanding and the Loans, together with interest, Fees and all other Obligations incurred hereunder and under the other Loan Documents, have been paid in full, as follows: 

Section 6.01 Financial Statements and other Information. The Parent and the Company will furnish to the Global Agent and each
Lender: 
 (a) Annual Financial Statements. Within 90 days after the end of each fiscal year of the Parent, a Form 10-K
filed with the SEC and the audited consolidated balance sheet of the Parent and its consolidated Subsidiaries as at the end of such fiscal year and the related audited consolidated statements of net income and comprehensive income, of
shareholders’ equity and of cash flows for such fiscal year, in each case setting forth comparative figures for the preceding fiscal year, all in reasonable detail and accompanied by the report with respect to such consolidated financial
statements of an independent registered public accounting firm of recognized national standing which report shall be unqualified and shall (i) state that such registered public accounting firm conducted its audits in accordance with the
standards of the Public Company Accounting Oversight Board (United States), that such registered public accounting firm believes that such audits provide a reasonable basis for their report, and that in their opinion such consolidated financial
statements present fairly, in all material respects, the financial position of the Parent and its consolidated subsidiaries as at the end of such fiscal year and the results of their operations and their cash flows for such fiscal year in conformity
with accounting principles generally accepted in the United States, or (ii) contain such statements as are customarily included in unqualified reports of independent accountants in conformity with the recommendations and requirements of The
American Institute of Certified Public Accountants (or any successor organization). 
 (b) Quarterly Financial
Statements. Within 45 days after the end of each of the first three quarterly accounting periods in each fiscal year of the Parent, a Form 10-Q filed with the SEC and the unaudited condensed consolidated balance sheets of the Parent and its
consolidated Subsidiaries as at the end of such quarterly period and the related unaudited condensed consolidated statements of net income and comprehensive income, and of cash flows for such quarterly period and/or for the fiscal year to date, and
setting forth, in the case of such unaudited condensed consolidated statements of net income and comprehensive income, and of cash flows, comparative figures for the related periods in the prior fiscal year, and which shall be certified on behalf of
the Parent and the Company by a Financial Officer of the Company, subject to changes resulting from normal year-end audit adjustments. 
 (c) Officer’s Compliance Certificates. At the time of the delivery of the financial statements provided for in subparts (a) and (b) above, a certificate (a “Compliance
Certificate”), substantially in the form of Exhibit E, signed by a Financial Officer of the Parent and the Company to the effect that no Default or Event of Default exists or, if any Default or Event of Default does exist, specifying
the nature and extent thereof and the actions the Parent and the Borrowers have taken or propose to take with respect thereto, which certificate shall set forth the calculations required to establish compliance with the provisions of
Section 7.01, Section 7.04(c) and Section 7.07. 

  
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 (d) Forecasts; Budgets. As and when generated but in any event no later than
February 28 of each year, a copy of the Parent’s and its Subsidiaries budget for the next year. 
 (e) SEC
Reports. Promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials publicly filed by the Parent, the Company or any Subsidiary with the Securities and Exchange Commission,
or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or distributed by the Parent or the Company to its shareholders generally, as the case may be. 

(f) Other Information. Promptly following any request therefor, such other information regarding the operations, business affairs
and financial condition of the Parent, the Company or any Subsidiary, or compliance with the terms of this Agreement, as the Global Agent or any Lender may reasonably request; provided that if no Loans are outstanding hereunder, the requests of
Lenders under this Section shall be subject to the approval of the Global Agent. 
 (g) Auditors’ Internal Reports.
Promptly upon receipt thereof, copies of all final reports submitted to the Parent and/or the Company by their independent accountants in connection with any annual or interim audit made by them of the books of the Parent or the Company. 

(h) Investment Policy. Promptly following any change or other modification thereto, a copy of the Investment Policy. 

(i) Specified Auction Rate Securities. At the time of delivery of the financial statements provided for in subparts (a) and
(b) above, a certificate signed by a Financial Officer of the Parent and the Company that sets forth the face value, temporary impairment and sale price (if applicable) of the Specified Auction Rate Securities and specifically indicates which
Specified Auction Rate Securities have been sold and the date of each such sale. 
 (j) Documents required to be delivered
pursuant to (a) Section 6.01(a), Section 6.01(b) or Section 6.01(e) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to
have been delivered on the date (i) on which such documents are filed with the SEC, (ii) on which the Parent or the Company posts such documents, or provides a link thereto on its website at www.abercrombie.com or (iii) on which such
documents are posted on the Parent’s and the Company’s behalf on IntraLinks or another relevant website, if any, to which each Lender and the Global Agent have access (whether a commercial, third-party website or whether sponsored by the
Global Agent); provided that the Company shall notify (which may be by facsimile or electronic mail) the Global Agent and each Lender of the posting of any such documents and provide to the Global Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every instance the Company shall be required to provide paper copies of the Compliance Certificates required by Section 6.01(c) to the Global Agent for
distribution to Lenders. Except for such Compliance Certificates, the Global Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Parent and the Company with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

Section 6.02 Notices of Material Events. The Company with furnish to the Global Agent and each Lender prompt written notice
of the following: 
 (a) Default. The occurrence of any event that constitutes a Default or Event of Default. 

  
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 (b) Litigation. The filing or commencement of any action, suit, or proceeding by or
before any arbitrator or Governmental Authority against or affecting the Parent or any of its Subsidiaries that could reasonably be expected to be adversely determined in a manner that would result in a Material Adverse Effect. 

(c) ERISA. Promptly, and in any event within 30 days after the Parent or the Company knows of the occurrence of any of the
following, the Parent and the Company will deliver written notice to the Global Agent and each of the Lenders setting forth the full details as to such occurrence and the action, if any, that the Parent, the Company or such ERISA Affiliate is
required or proposes to take, together with any notices required or proposed to be given by the Parent, the Company or the ERISA Affiliate to or filed with the PBGC, a Plan participant or the Plan administrator with respect thereto: (i) that a
Reportable Event has occurred with respect to any Plan; (ii) the institution of any steps by the Parent, the Company, any ERISA Affiliate, the PBGC or any other Person to terminate any Plan or Multiemployer Plan or a determination that a
Multiemployer Plan is or is expected to be insolvent or in reorganization within the meaning of Title IV of ERISA; (iii) the institution of any steps by the Parent, the Company or any ERISA Affiliate to withdraw from any Plan; (iv) the
institution of any steps by the Parent, the Company or any Subsidiary to withdraw from any Multiemployer Plan or Multiple Employer Plan, if such withdrawal could result in withdrawal liability (as described in Part 1 of Subtitle E of Title IV of
ERISA); (v) a non-exempt “prohibited transaction” within the meaning of Section 406 of ERISA in connection with any Plan; (vi) that a Plan has an Unfunded Current Liability; (vii) any increase in the contingent
liability of the Parent, the Company or any Subsidiary with respect to any post-retirement welfare liability; or (viii) the taking of any action by, or the threatening of the taking of any action by, the Internal Revenue Service, the Department
of Labor or the PBGC with respect to any of the foregoing; provided, however, that, in each case, notice shall be required only if the event results in, or could reasonably be expected to result in, a Material Adverse Effect.

 (d) Other Material Events. Any other development that results in, or could reasonably be expected to result in, a
Material Adverse Effect. 
 Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Company setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 6.03 Existence; Conduct of Business. Each of the Parent and the Borrowers will, and will cause each of the
Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of the business of the Parent,
the Company and the Subsidiaries, taken as a whole; provided that the foregoing shall not prohibit any merger, consolidation, amalgamation, liquidation or dissolution permitted under Section 7.03. 

Section 6.04 Payment of Obligations. Each of the Parent and the Company will, and will cause each of the Subsidiaries to, pay
its obligations, including all taxes, remittances, assessments and governmental charges or levies imposed upon it or upon its income or profits, or upon any properties belonging to it, prior to the date on which penalties attach thereto, and all
lawful claims, that, if not paid, could result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings,
(b) the Parent, the Company or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in
a Material Adverse Effect. 
 Section 6.05 Maintenance of Property; Insurance. Each of the Parent and the Company
will, and will cause each of the Subsidiaries to, (a) keep and maintain all property material to the conduct of its 

  
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business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and
against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations. 
 Section 6.06 Books and Records; Inspection Rights. Each of the Parent and the Company will, and will cause each of the Subsidiaries to, keep proper books of record and account in which full,
true and correct entries are made of all dealings and transactions in relation to its business and activities. Each of the Parent and the Company will, and will cause each of the Subsidiaries to, permit any representatives designated by the Global
Agent or any Lender, upon reasonable prior notice and at such party’s expense, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers
and, if an Event of Default exists, its independent accountants. Such visits and inspections shall be arranged through the Global Agent and shall not occur more than once in any fiscal quarter unless an Event of Default shall exist. 

Section 6.07 Compliance with Laws. Each of the Parent and the Company will, and will cause each of the Subsidiaries to,
comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect. 
 Section 6.08 Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for
working capital, refinancing existing Indebtedness, investments and Acquisitions permitted hereunder, capital expenditures and other general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for
any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support import or other needs in the ordinary course of business. 

Section 6.09 Compliance with Environmental Laws. Without limitation of the covenants contained in Section 6.07:

 (a) The Parent and each Borrower will comply, and will cause each of its Subsidiaries to comply, with all Environmental Laws
applicable to the ownership, lease or use of all Real Property now or hereafter owned, leased or operated by the Parent, such Borrower or any of its Subsidiaries, and will promptly pay or cause to be paid all costs and expenses incurred in
connection with such compliance, except to the extent that such compliance with Environmental Laws is being contested in good faith and by appropriate proceedings or for which adequate reserves have been established to the extent required by
GAAP, or an adverse outcome in such proceedings is not reasonably expected to have a Material Adverse Effect. 
 (b) The Parent
and each Borrower will keep or cause to be kept, and will cause each of its Subsidiaries to keep or cause to be kept, all such Real Property free and clear of any Liens imposed pursuant to such Environmental Laws other than Permitted Liens
except to the extent that such Liens would not be reasonably expected to have a Material Adverse Effect and are promptly released or discharged. 
 (c) Neither the Parent nor any of its Subsidiaries will generate, use, treat, store, release or dispose of, or permit the generation, use, treatment, storage, release or disposal of, Hazardous Materials
on any Real Property now or hereafter owned, leased or operated by the Parent or any of its Subsidiaries or transport or permit the transportation of Hazardous Materials to or from any such Real Property other than in compliance with applicable
Environmental Laws and in the ordinary course of business, except for such noncompliance as would not be reasonably expected to have a Material Adverse Effect. 

  
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 (d) If required to do so under any applicable order of any Governmental Authority, the
Parent will undertake, and cause each of its Subsidiaries to undertake, any clean up, removal, remedial or other action necessary to remove and clean up any Hazardous Materials from any Real Property owned, leased or operated by the Parent or any of
its Subsidiaries in accordance with, in all material respects, the requirements of all applicable Environmental Laws and in accordance with, in all material respects, such orders of all Governmental Authorities, except to the extent that the Parent
or such Subsidiary is contesting such order in good faith or for which adequate reserves have been established to the extent required by GAAP. 
 Section 6.10 Certain Subsidiaries to Guarantee. In the event that at any time after the Closing Date, (a) the Company acquires, creates or has any Domestic Subsidiary that is not already
a party to the Domestic Credit Party Guaranty, or (b) any Foreign Subsidiary becomes a Foreign Subsidiary Borrower, the Company will promptly, but in any event within 30 days as to (a), or before such Foreign Subsidiary Borrower lends proceeds
of Loans hereunder to any of its Subsidiaries as to (b), cause such Domestic Subsidiary or each Foreign Subsidiary that desires to borrow from a Foreign Subsidiary Borrower, as applicable, to deliver to the Global Agent, in sufficient quantities for
the Lenders, (i) with respect to each Domestic Subsidiary, a joinder supplement, reasonably satisfactory in form and substance to the Global Agent, duly executed by such Subsidiary, pursuant to which such Subsidiary joins in the Domestic Credit
Party Guaranty, provided that if the initial investment in or purchase price of such new Domestic Subsidiary is less than $1,000,000 (including, as of the Closing Date, Hollister Co. California, LLC, a California limited liability company that was
formed on July 28, 2010) (an “Excluded Domestic Subsidiary”), the obligation of the Company under this Section 6.10 shall not take effect unless and until the financial statements delivered to the Global Agent under
Section 6.01(a) show that the tangible net worth of such Excluded Domestic Subsidiary is more than $1,000,000, or the tangible net worth for all such Excluded Domestic Subsidiaries that are not party to the Domestic Credit Party Guaranty is
more than $20,000,000 in the aggregate, (ii) with respect to such Foreign Subsidiary, a Foreign Subsidiary Guaranty, and (iii) resolutions of the Board of Directors or equivalent governing body of such Subsidiary, certified by the
Secretary or an Assistant Secretary of such Subsidiary, as duly adopted and in full force and effect, authorizing the execution and delivery of such joinder supplement and the other Loan Documents to which such Subsidiary is, or will be a party,
together with such other corporate documentation and an opinion of counsel as the Global Agent shall reasonably request, in each case, in form and substance satisfactory to the Global Agent; provided, however, that, notwithstanding the
foregoing or anything else in this Agreement to the contrary, a Foreign Subsidiary shall not be required to become a party to a Foreign Subsidiary Guaranty so long as (A) such Foreign Subsidiary becoming a Foreign Subsidiary Guarantor would
result in adverse tax consequences to the Parent or any of its Subsidiaries, (B) becoming party to a Foreign Subsidiary Guaranty would constitute an unlawful act of such subsidiary or any of its directors or would result in a breach of any
applicable corporate benefit, financial assistance, fraudulent preference or thin capitalization laws or regulations of any applicable jurisdiction or (C) doing so would otherwise violate the Foreign Guaranty Principles. 

ARTICLE VII 

NEGATIVE COVENANTS 
 The Parent and the Company hereby covenant and agree that so long as this Agreement is in effect and until such time as the Commitments have been terminated, no Notes remain outstanding and the Loans,
together with interest, Fees and all other Obligations incurred hereunder and under the other Loan Documents, have been paid in full, as follows: 
 Section 7.01 Indebtedness. Neither the Parent nor the Company will, nor will the Parent or the Company permit any of its Subsidiaries to, contract, create, incur, assume or suffer to exist any
Indebtedness of the Company or any of its Subsidiaries, except: 

  
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 (a) Indebtedness incurred under this Agreement and the other Loan Documents; 

(b) Indebtedness existing on the Closing Date and (in the case of any such Indebtedness in a principal amount in excess of $1,000,000)
set forth in Schedule 7.01 and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; 
 (c) Indebtedness (i) resulting from any loan, advance or guarantee by a Credit Party to or in favor of another Credit Party, (ii) resulting from any loan or advance by a Subsidiary that is not a
Credit Party to a Credit Party, (iii) resulting from any loan or advance by any Subsidiary that is not a Credit Party to any other Subsidiary that is not a Credit Party and (iv) resulting from any loan, advance or guarantee by any Credit
Party to or in favor of any Subsidiary that is not a Credit Party; provided that any such loan, advance or guarantee made pursuant to this clause (iv) is permitted by Section 7.04(c); 

(d) Indebtedness of the Parent or any of its Subsidiaries incurred in connection with Sale and Lease-Back Transactions or mortgages on
real estate assets, provided that the aggregate principal amount of all such Indebtedness shall not exceed $100,000,000 outstanding at any time (excluding FAS 13/98 Transactions); 

(e) Indebtedness of the Parent or any of its Subsidiaries incurred solely in connection with FAS 13/98 Transactions; 

(f) Indebtedness of the Parent, the Company or any Domestic Subsidiary incurred to finance the acquisition, construction or improvement
of any fixed or capital assets or real estate, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, 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; 
 (g) Indebtedness of any Person that becomes a Subsidiary after the Closing Date; provided
that (i) 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 and (ii) the aggregate principal amount of Indebtedness permitted
by this clause (g) shall not exceed $20,000,000 at any time outstanding; 
 (h) additional unsecured Indebtedness of the
Parent or any of its Subsidiaries to the extent not permitted by any of the foregoing clauses, provided that the aggregate outstanding principal amount of all such Indebtedness, together with the Indebtedness described in clause
(b) above, does not exceed an amount equal to fifteen percent (15%) multiplied by Consolidated Tangible Net Worth at any time; 
 (i) Indebtedness of Foreign Subsidiaries in an aggregate amount not exceeding $100,000,000 at any time outstanding; 
 (j) Indebtedness of Foreign Subsidiaries incurred in connection with Foreign Bank Guarantees; provided that such Indebtedness does not exceed $50,000,000 at any time outstanding; and 

(k) unsecured Indebtedness, if any, owed to landlords and constituting store lease buyout payments or other related payments related to
the Ruehl Exit in an amount not to exceed $55,000,000 in the aggregate as evidenced by promissory notes or other agreements, the form of which are in form and substance reasonably satisfactory to the Global Agent and whose approval shall not be
unreasonably withheld or delayed. 

  
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 Section 7.02 Liens. Neither the Parent nor the Company will, nor will the Parent
or the Company permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (real or personal, tangible or intangible) of the Parent, the Company or any such
Subsidiary whether now owned or hereafter acquired, except that the foregoing shall not apply to: 
 (a) any Permitted
Lien; 
 (b) any Lien in existence on the Closing Date that is listed in Schedule 7.02 hereto; 

(c) any Lien existing on any property or asset prior to the acquisition thereof by the Parent, the Company or any Subsidiary or existing
on any property or asset of any Person that becomes a Subsidiary after the Closing Date prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or
such Person becoming a Subsidiary, (ii) such Lien shall not apply to any other property or assets of the Parent, the Company or any Subsidiary and (iii) such Lien shall secure only those obligations which it secures on the date of such
acquisition or the date such Person becomes a Subsidiary and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof; 
 (d) Liens: (i) that are placed upon fixed or capital assets or real estate, acquired, constructed or improved by the Parent, the Company or any Subsidiary, provided that (A) such Liens
secure Indebtedness permitted by Section 7.01(f), (B) such Liens and the Indebtedness secured thereby are incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement, (C) the
Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets or real estate; and (D) such Liens shall not apply to any other property or assets of the Company or any Subsidiary; or
(ii) arising out of the refinancing, extension, renewal or refunding of any Indebtedness secured by any such Liens, provided that the principal amount of such Indebtedness is not increased and such Indebtedness is not secured by any
additional assets; 
 (e) Liens securing Indebtedness permitted under Section 7.01(d); 

(f) Liens of sellers of goods to the Parent or its Subsidiaries arising under Article 2 of the Uniform Commercial Code or similar
provisions of applicable law in the ordinary course of business, covering only the goods sold and securing only the unpaid purchase price for such goods and related expenses; 
 (g) Liens on raw materials and inventory acquired in the ordinary course of business securing obligations in respect of Trade Letters of Credit issued hereunder; 

(h) Liens granted by any Foreign Subsidiary on its assets securing Indebtedness permitted by Section 7.01(i); 

(i) Liens not otherwise permitted by this Section so long as the aggregate amount of Indebtedness or other obligations secured thereby
does not exceed $5,000,000 at any time; and 
 (j) Liens on cash and securities used to secure Hedge Agreements permitted
hereunder in an amount not to exceed the Secured Hedge Cap at any time. 
 Section 7.03 Fundamental Changes.

 (a) The Parent and the Company will not, and will not permit any Subsidiary to, merge into or amalgamate or consolidate with
any other Person, or permit any other Person to merge into or amalgamate 

  
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or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or any substantial part of its assets, or all or substantially all
of the stock of any Subsidiary (in each case, whether now owned or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing,
(i) any Person may merge into the Parent or the Company in a transaction in which the Parent or the Company, as the case may be, is the surviving corporation, (ii) any Person may merge into or amalgamate with any Borrower in a transaction
in which the surviving entity is the applicable Borrower and any other Subsidiary may merge into any other Subsidiary provided that if any such Subsidiary is a Guarantor hereunder, the surviving Subsidiary shall continue to be a Guarantor to
the extent such prior Subsidiary was a Guarantor of the Obligations hereunder, (iii) any Subsidiary may sell, transfer, lease or otherwise dispose of its assets to the Parent, the Company or another Credit Party (subject to Section 7.04),
(iv) the Parent or any of its Subsidiaries may sell, transfer, lease or otherwise dispose of assets to any Person other than the Parent or a Subsidiary Guarantor provided that the aggregate amount of all asset sales (excluding any transactions
permitted pursuant to Section 7.01(d), sales of inventory in the ordinary course of business and dispositions of obsolete equipment and other assets in the ordinary course of business) made pursuant to this clause (iv) in any fiscal year
of the Company shall not exceed $100,000,000, (v) any Subsidiary (other than a Borrower) may liquidate or dissolve if the Company or the Parent (as the case may be) determines in good faith that such liquidation or dissolution is in the best
interests of the Company or the Parent (as the case may be) and is not materially disadvantageous to the Lenders; (vi) any restructuring, regardless of whether accomplished by liquidation, contribution, distribution, merger, amalgamation or any
other technique, whereby the ownership of Foreign Subsidiaries is changed, so long as each such Foreign Subsidiary that is a Subsidiary of Abercrombie & Fitch International, Inc. prior to such restructuring remains, directly or indirectly,
a Subsidiary of Abercrombie & Fitch International, Inc. after such restructuring; and (vii) any transaction, regardless of whether accomplished by liquidation, contribution, distribution, merger, amalgamation or any other technique,
whereby the Parent, the Company or any Domestic Subsidiary changes its state of incorporation or formation, so long as the Company provides prompt written notice to Global Agent of such change; provided that any such merger or amalgamation
described in clause (ii) above involving a Person that is not a wholly owned Subsidiary immediately prior to such merger or amalgamation shall not be permitted unless also permitted by Section 7.04. 

(b) The Parent and the Company will not, and will not permit any Subsidiary to, engage to any material extent in any business other than
businesses of the type conducted by the Parent, the Company and the Subsidiaries on the date of execution of this Agreement and businesses reasonably related or incidental thereto. 

Section 7.04 Investments, Loans, Advances, Guarantees and Acquisitions. The Parent and the Company will not, and will not
permit any Subsidiary to, purchase, hold or acquire (including pursuant to any merger or amalgamation with any Person that was not a wholly owned Subsidiary prior to such merger or amalgamation) any capital stock, evidences of indebtedness or other
securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, guarantee any obligations of, or make or permit to exist any investment or any other interest in, any
other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except: 
 (a) Permitted Investments; 
 (b) investments by the Parent, the Company, any
Domestic Subsidiary or any Subsidiary Guarantor in the Parent, the Borrower or any such Domestic Subsidiary or Subsidiary Guarantor; 
 (c) additional purchases of or investments by the Parent, the Company or any Subsidiary in the capital stock of Subsidiaries, including Foreign Subsidiaries, joint ventures or the capital stock, assets,


  
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obligations or other securities of or interests in other Persons, and loans and advances by the Parent, the Company or any Credit Party to or in favor of, and guarantees by the Parent, the
Company or any Subsidiary of the obligations (including, without limitation, Indebtedness, obligations under Hedge Agreements and credit card and related obligations) of, Foreign Subsidiaries, in an amount in the aggregate at any time outstanding
which does not exceed 25% of Consolidated Tangible Assets; 
 (d) Guarantee Obligations or Indebtedness of any Domestic Credit
Party permitted by Section 7.01, Guarantee Obligations of any Domestic Credit Party guaranteeing the obligations of any Domestic Credit Party under a Hedge Agreement permitted by Section 7.05 and Guarantees of Indebtedness of Foreign
Subsidiaries permitted by Section 7.01(i); 
 (e) loans and advances to officers and directors of any Credit Party (or
employees thereof provided such loans and advances are approved by an officer of a Credit Party) for travel, entertainment and relocation expenses in the ordinary course of business in an aggregate principal amount outstanding at any time that shall
not exceed $1,000,000; 
 (f) Permitted Acquisitions; and 

(g) investments of funds intended to fund deferred compensation liabilities in an aggregate amount not to exceed $100,000,000 at any time
outstanding, provided that such investments are made pursuant to the Investment Policy and continue at all times to be assets of the Parent, the Company or another Credit Party subject to the claims of its general creditors; and 

(h) guarantees by the Parent and the Company or any Subsidiary of the rental obligations of Foreign Subsidiaries to the extent such
rental obligations do not constitute Indebtedness. 
 Section 7.05 Hedge Agreements. The Company will not, and will
not permit any of its Subsidiaries to, enter into any Hedge Agreement, except (a) Hedge Agreements entered into to hedge or mitigate risks to which the Company or any Subsidiary has actual exposure (other than those in respect of Equity
Interests of the Company or any of its Subsidiaries), and (b) Hedge Agreements entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or
otherwise) with respect to any interest-bearing liability or investment of the Company or any Subsidiary; provided that all Hedge Agreements permitted by this Section 7.05 must conform to the standards set forth in an ISDA master
agreement. 
 Section 7.06 Restricted Payments. Neither the Parent nor the Company will, nor will the Parent or the
Company permit any of its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except: 
 (a) the Parent and any of its Subsidiaries may declare and pay dividends with respect to its Equity Interests payable solely in additional shares of its common stock; 

(b) so long as no Default or Event of Default has occurred and is continuing, the Parent may declare, and if declared when no Default or
Event of Default exists, the Parent may pay, dividends in cash so long as the Parent would be in Pro Forma Compliance with the financial covenants set forth in Section 7.07 after giving effect thereto; 

(c) Subsidiaries may (i) declare and pay dividends or make distributions ratably with respect to their Equity Interests and
(ii) may make Restricted Payments to the Parent, and other Subsidiaries of the Parent, in amounts necessary to enable the Parent to pay the dividends described in clause (b) above, along with standard costs associated with such payment of
dividends or distributions, and to pay income and franchise taxes and operating and professional expenses; 

  
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 (d) so long as no Default or Event of Default has occurred and is continuing, the Parent,
the Company and the Subsidiaries may make Restricted Payments pursuant to and in accordance with employment contracts, stock option plans or other benefit plans or similar arrangements for consultants, management (including directors and officers)
or employees of the Parent, the Company and the Subsidiaries; 
 (e) so long as no Default or Event of Default has occurred and
is continuing, the Parent and the Company may (i) repurchase fractional shares of common stock of the Parent and (ii) repurchase shares of common stock of the Parent for cash in any amount, so long as the Parent would be in Pro Forma
Compliance with the financial covenants set forth in Section 7.07 after giving effect thereto; and 
 (f) so long as no
Default or Event of Default has occurred and is continuing, any declaration of a dividend in connection with a stockholders’ rights plan, or the issuance of rights, stock or other property under any stockholders’ rights plan, or the
redemption or repurchase of rights pursuant thereto. 
 Section 7.07 Financial Covenants. 

(a) Leverage Ratio. The Parent and the Company will not at any time permit the Leverage Ratio to exceed 3.75 to 1.00 at the end of
each Testing Period and/or at any time Pro Forma Compliance is required to be demonstrated. 
 (b) Coverage Ratio. The
Parent and the Company will not at any time permit the Coverage Ratio to be less than 2.00 to 1.00 at the end of each Testing Period and/or at any time Pro Forma Compliance is required to be demonstrated. 

Section 7.08 Transactions with Affiliates. Neither the Parent nor the Company will, nor will the Parent or the Company permit
any Subsidiary to, enter into any transaction or series of transactions with any Affiliate (other than, in the case of the Company, any Subsidiary, and in the case of a Subsidiary, the Company or another Subsidiary) other than in the ordinary course
of business of and pursuant to the reasonable requirements of the Parent’s, the Company’s or such Subsidiary’s business and upon fair and reasonable terms no less favorable to the Parent, the Company or such Subsidiary than would be
obtained in a comparable arm’s-length transaction with a Person other than an Affiliate, except (i) sales of goods to an Affiliate for use or distribution outside the United States that in the good faith judgment of the Parent or
Company, as applicable, comply with any applicable legal requirements of the Code or other applicable Law, or (ii) agreements and transactions with and payments to officers, directors, employees and shareholders that are either (A) entered
into in the ordinary course of business and not prohibited by any of the provisions of this Agreement, or (B) entered into outside the ordinary course of business, approved by the directors (or a committee thereof, or pursuant to a policy
approved by the directors or a committee thereof) or shareholders of the Parent or the Company, as applicable, and not prohibited by any of the provisions of this Agreement, or (iii) any Restricted Payment permitted by Section 7.06.

 Section 7.09 Limitation on Certain Restrictive Agreements. Neither the Parent nor the Company will, nor will the
Parent or the Company permit any of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist or become effective, any agreement, restriction or arrangement that prohibits, restricts or imposes any condition upon (a) the
ability of the Parent or any Subsidiary of the Parent to create, incur or suffer to exist any Lien upon any of its property or assets as security for Indebtedness, or (b) the ability of any Subsidiary of the Parent to pay dividends or other
distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Parent, the Company or any other Subsidiary or to guarantee Indebtedness of the Parent, the Company or any other Subsidiary, except for
such restrictions existing under or by reason of (i) applicable law, (ii) this Agreement and the other Loan Documents, (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest,
(iv) customary provisions restricting assignment of any licensing agreement 

  
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entered into in the ordinary course of business, (v) customary provisions restricting the transfer or further encumbering of assets subject to Liens permitted under Section 7.02(c),
(vi) customary restrictions affecting only a Subsidiary of the Company under any agreement or instrument governing any of the Indebtedness of a Subsidiary permitted pursuant to Section 7.01, (vii) customary restrictions and conditions
contained in agreements relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (viii) restrictions affecting any
Foreign Subsidiary (other than a Foreign Credit Party) of the Company under any agreement or instrument governing any Indebtedness of such Foreign Subsidiary permitted pursuant to Section 7.01, and customary restrictions contained in
“comfort” letters and guarantees of any such Indebtedness, (ix) any document relating to Indebtedness secured by a Lien permitted by Section 7.02(d), insofar as the provisions thereof limit grants of junior liens on the assets
securing such Indebtedness, and (x) any Operating Lease or Capital Lease, insofar as the provisions thereof limit grants of a security interest in, or other assignments of, the related leasehold interest to any other Person, (xi) with
respect to clause (a) above, restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness,
and (xii) with respect to clause (a) above, customary provisions in leases and other contracts restricting the assignment thereof. 
 Section 7.10 Accounting Changes. The Parent and the Company will not, and will not permit any Subsidiary to, change its accounting policies or practices from those utilized in the preparation
of the financial statements referred to in Section 4.04, except as permitted or required by GAAP consistently applied. 

Section 7.11 Plan Terminations, Minimum Funding, etc. Neither the Parent nor the Company will, nor will the Parent or the
Company permit any ERISA Affiliate to, (i) terminate any Plan or Plans so as to result in liability of the Parent, the Company or any ERISA Affiliate to the PBGC in excess of, in the aggregate, the amount that is equal to 5% of the
Parent’s Consolidated Tangible Net Worth as of the date of the then most recent financial statements furnished to the Lenders pursuant to the provisions of this Agreement, (ii) permit to exist one or more events or conditions that present
a material risk of the termination by the PBGC of any Plan or Plans with respect to which the Parent, the Company or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of such amount in the aggregate,
or (iii) fail to comply with the minimum funding standards of ERISA and the Code with respect to any Plan. 

Section 7.12 Anti-Terrorism Laws. Neither the Parent nor any of its Subsidiaries shall be in material violation of, or shall
knowingly violate, any law, regulation, or list of any government agency or Governmental Authority (including, without limitation, the U.S. Office of Foreign Asset Control list, Executive Order No. 13224 or the USA Patriot Act) that prohibits
or limits the conduct of business with or the receiving of funds, goods or services to or for the benefit of certain Persons specified therein or that prohibits or limits any Lender or LC Issuer from making any advance or extension of credit to any
Borrower or from otherwise conducting business with any Borrower. 
 ARTICLE VIII 

EVENTS OF DEFAULT 

Section 8.01 Events of Default. Any of the following specified events shall constitute an Event of Default (each an
“Event of Default”): 
 (a) Payments: any Borrower shall (i) default in the payment when due
(whether at maturity, on a date fixed for a scheduled repayment, on a date on which a required prepayment is to be made, upon acceleration or otherwise) of any principal of the Loans or any reimbursement obligation in respect of any


  
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Unpaid Drawing; or (ii) default, and such default shall continue for three or more Business Days, in the payment when due of any interest on the Loans, Unpaid Drawings or any Fees or any
other amounts owing hereunder or under any other Loan Document; or 
 (b) Representations, etc.: any representation,
warranty or statement made by the Parent, the Company or any other Credit Party herein or in any other Loan Document or in any statement or certificate delivered or required to be delivered pursuant hereto or thereto shall prove to be untrue in any
material respect on the date as of which made or deemed made; or 
 (c) Certain Covenants: the Parent or any Borrower
shall default in the due performance or observance by it of any term, covenant or agreement contained in Section 6.02(a), Section 6.03 (with respect to the Parent’s and any Borrower’s existence), Section 6.10, or Article VII
of this Agreement; or 
 (d) Other Covenants: any Credit Party shall default in the due performance or observance by it
of any term, covenant or agreement contained in this Agreement or any other Loan Document, other than those referred to in Section 8.01(a) or Section 8.01(b) or Section 8.01(a) above, and such default is not remedied within 30 days
after any Borrower receives written notice of such default from the Global Agent or any Lenders (any such notice to be identified as a “notice of default” and to refer specifically to this paragraph); or 

(e) Cross Default Under Other Agreements: the Parent or any of its Subsidiaries shall (i) default in any payment with respect
to any Material Indebtedness, and such default shall continue after any applicable grace or cure period, if any, specified in the agreement or instrument relating to such Material Indebtedness and, with respect to any guaranties that may default
technically following the default of the primary obligor, after giving the guarantor the reasonable opportunity to make the required payment thereunder, or (ii) default in the observance or performance of any agreement or condition relating to
any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto (and all grace or cure periods applicable to such observance, performance or condition shall have expired), or any other event shall
occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Material Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause any such Material
Indebtedness to become due prior to its stated maturity; or any such Material Indebtedness of the Parent or any of its Subsidiaries shall, solely in connection with a default or event of default thereunder, be declared to be due and payable, or
shall be required to be prepaid (other than by a regularly scheduled required prepayment or redemption, prior to the stated maturity thereof); or (iii) without limitation of the foregoing clauses, default in any payment obligation under a
Designated Hedge Agreement, and such default shall continue after the applicable grace or cure period, if any, specified in such Designated Hedge Agreement or any other agreement or instrument relating thereto; or 

(f) Judgments: (i) one or more judgments for the payment of money in an aggregate amount in excess of $25,000,000 (net of any
insurance coverage available therefor from a responsible insurance company that is not denying its liability with respect thereto) shall be rendered against the Parent, the Company, any Subsidiary (other than an Immaterial 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 attach or levy upon any assets of
the Parent, the Company or any Subsidiary to enforce any such judgment; or 
 (g) Insolvency Event: any Insolvency Event
shall occur with respect to the Parent, the Company, any other Credit Party or any other Subsidiary of the Company (other than an Immaterial Subsidiary); or 

  
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 (h) ERISA: (i) any of the events described in clauses (i) through
(viii) of Section 6.02(c) shall have occurred; or (ii) there shall result from any such event or events the imposition of a Lien, the granting of a security interest, or a liability or a material risk of incurring a liability; and
(iii) any such event or events or any such Lien, security interest, deemed trust or liability, individually, and/or in the aggregate, in the reasonable opinion of the Required Lenders, has had, or would reasonably be expected to have, a
Material Adverse Effect; or 
 (i) Change of Control: if there occurs a Change of Control. 

Section 8.02 Remedies. Upon the occurrence of any Event of Default, and at any time thereafter if any Event of Default shall
then be continuing, the Global Agent shall, upon the written request of the Required Lenders, by written notice to the Borrowers or any thereof, take any or all of the following actions, without prejudice to the rights of the Global Agent or any
Lender to enforce its claims against the Company or any other Credit Party in any manner permitted under applicable law: 
 (a)
declare the Commitments terminated, whereupon the Commitment of each Lender shall forthwith terminate immediately without any other notice of any kind; 
 (b) declare the principal of and any accrued interest in respect of all Loans, all Unpaid Drawings and all other Obligations owing hereunder and thereunder to be, whereupon the same shall become,
forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers; 
 (c) require the applicable LC Obligors to deposit cash in a deposit account designated by the Global Agent in an amount equal to 105% of the Revolving Facility LC Outstandings of such LC Obligor to secure
such LC Obligor’s reimbursement obligations with respect to such Revolving Facility LC Outstandings; or 
 (d) exercise any
other right or remedy available under any of the Loan Documents or applicable law; 
 provided that, if an Event of Default specified in
Section 8.01(g) shall occur, the result that would occur upon the giving of written notice by the Global Agent as specified in clauses (a) and/or (b) above shall occur automatically without the giving of any such notice. 

Section 8.03 Application of Certain Payments and Proceeds. All payments and other amounts received by the Global Agent or any
Lender (i) at any time on or after the Equalization Date or (ii) at any time from the exercise of remedies hereunder or under the other Credit Documents, shall in each case unless otherwise required by the terms of the other Loan Documents
or by applicable law be applied as follows: 
 (a) Obligations Generally. Except with respect to any amounts that are
required to first be applied pursuant to subparts (b) or (c) below, all amounts received by or with respect to the Company or any other Domestic Credit Party shall be applied: 

(i) first, to the payment of that portion of the Obligations constituting fees, indemnities and expenses and other
amounts (including attorneys’ fees and amounts due under Article III) payable to the Global Agent in its capacity as such; 
 (ii) second, to the payment of that portion of the Obligations constituting fees, indemnities and expenses (including attorneys’ fees and amounts due under Article III) payable to


  
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each Lender or each LC Issuer, ratably among them in proportion to the aggregate of all such amounts; 
 (iii) third, to the payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and Unpaid Drawings with respect to Letters of Credit, ratably among the Lenders
in proportion to the aggregate of all such amounts; 
 (iv) fourth, pro rata to the payment of
(A) that portion of the Obligations constituting unpaid principal of the Loans and Unpaid Drawings, ratably among the Lenders and each LC Issuer in proportion to the aggregate of all such amounts, and (B) the amounts due in respect of
termination payments to Designated Hedge Creditors under Designated Hedge Agreements (subject to confirmation by the Global Agent that any calculations of termination or other payment obligations are being made in accordance with normal industry
practice); 
 (v) fifth, to the Global Agent for the benefit of each LC Issuer to cash collateralize the
Stated Amount of outstanding Letters of Credit; 
 (vi) sixth, to the payment of all other Obligations of
the Credit Parties owing under or in respect of the Loan Documents that are then due and payable to the Global Agent, each LC Issuer, the Swing Line Lender, the Lenders and the Designated Hedge Creditors, ratably based upon the respective aggregate
amounts of all such Obligations owing to them on such date; and 
 (vii) finally, any remaining surplus
after all of the Obligations have been paid in full, to the Borrowers or to whomsoever shall be lawfully entitled thereto. 

(b) Foreign Revolving Facility Borrower Obligations. All amounts received by or with respect to any Foreign Revolving Facility
Borrower shall be applied: 
 (i) first, to the payment of that portion of the Foreign Revolving Facility
Borrower Obligations owing by such Foreign Revolving Facility Borrower constituting fees, indemnities and expenses and other amounts (including attorneys’ fees and amounts due under Article III) payable to the Global Agent in its capacity
as such; 
 (ii) second, to the payment of that portion of the Foreign Revolving Facility Borrower
Obligations owing by such Foreign Revolving Facility Borrower constituting fees, indemnities and expenses (including attorneys’ fees and amounts due under Article III) payable to each Lender and each LC Issuer, ratably among them in proportion
to the aggregate of all such amounts; 
 (iii) third, to the payment of that portion of the Foreign
Revolving Facility Borrower Obligations constituting accrued and unpaid interest on the Loans made to such Foreign Revolving Facility Borrower and Unpaid Drawings with respect to Revolving Facility Letters of Credit issued for the account of such
Foreign Revolving Facility Borrower, ratably among the Lenders and each LC Issuer in proportion to the aggregate of all such amounts; 
 (iv) fourth, pro rata to the payment of (A) that portion of the Foreign Revolving Facility Borrower Obligations constituting unpaid principal of the Loans made to such Foreign Revolving
Facility Borrower and Unpaid Drawings with respect to Revolving Facility Letters of Credit issued for the account of such Foreign Revolving Facility Borrower, ratably among the Lenders and each LC Issuer in proportion to the aggregate of all such
amounts, and (B) the amounts due in respect of termination payments to Designated Hedge Creditors under Designated Hedge Agreements to which such Foreign Revolving Facility Borrower is a counterparty (subject


  
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to confirmation by the Global Agent that any calculations of termination or other payment obligations are being made in accordance with normal industry practice); 

(v) fifth, to the Global Agent for the benefit of each LC Issuer to cash collateralize the Stated Amount of
Revolving Facility Letters of Credit issued for the account of such Foreign Revolving Facility Borrower; 
 (vi)
sixth, to the payment of all other Foreign Revolving Facility Borrower Obligations of such Foreign Revolving Facility Borrower owing under or in respect of the Loan Documents that are then due and payable to the Global Agent, each LC Issuer,
the Lenders and Designated Hedge Creditors (to the extent a counterparty to a Designated Hedge Agreement to which such Foreign Revolving Facility Borrower is a counterparty) ratably based upon the respective aggregate amounts of all such Foreign
Revolving Facility Borrower Obligations owing to them by such Foreign Revolving Facility Borrower on such date; and 
 (vii) finally, any remaining surplus after all of the Foreign Revolving Facility Borrower Obligations of such Foreign Revolving Facility Borrower have been paid in full, to such Foreign Revolving
Facility Borrower or to whomsoever shall be lawfully entitled thereto. 
 (c) Canadian Obligations. All amounts received
by or with respect to the Canadian Borrower shall be applied: 
 (i) first, to the payment of that portion
of the Canadian Obligations owing by the Canadian Borrower constituting fees, indemnities and expenses and other amounts (including attorneys’ fees and amounts due under Article III) payable to the Global Agent in its capacity as such;

 (ii) second, to the payment of that portion of the Canadian Obligations owing by the Canadian Borrower
constituting fees, indemnities and expenses (including attorneys’ fees and amounts due under Article III) payable to each Canadian Lender, ratably among them in proportion to the aggregate of all such amounts; 

(iii) third, to the payment of that portion of the Canadian Obligations constituting accrued and unpaid interest on
the Canadian Revolving Loans made to the Canadian Borrower ratably among the Canadian Lenders in proportion to the aggregate of all such amounts; 
 (iv) fourth, pro rata to the payment of (A) that portion of the Canadian Obligations constituting unpaid principal of the Canadian Revolving Loans made to the Canadian Borrower ratably
among the Canadian Lenders in proportion to the aggregate of all such amounts, and (B) the amounts due in respect of termination payments to Designated Hedge Creditors under Designated Hedge Agreements to which the Canadian Borrower is a
counterparty (subject to confirmation by the Global Agent that any calculations of termination or other payment obligations are being made in accordance with normal industry practice); 

(v) fifth, to the payment of all other Canadian Obligations owing under or in respect of the Loan Documents that
are then due and payable to the Global Agent, the Canadian Lenders and Designated Hedge Creditors (to the extent a counterparty to a Designated Hedge Agreement to which the Canadian Borrower is a counterparty), ratably based upon the respective
aggregate amounts of all such Canadian Obligations owing to them by the Canadian Borrower on such date; and 

  
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 (vi) finally, any remaining surplus after all of the Canadian
Obligations have been paid in full, to the Canadian Borrower or to whomsoever shall be lawfully entitled thereto. 

Section 8.04 Equalization. 
 (a) Equalization Prior to Equalization Date. 
 (i)
Generally. Subject to subpart (b) below, if at any time any Lender receives any amount (other than amounts that are received from the Canadian Borrower with respect to the Canadian Obligations and are subject to subpart (a)(ii) below)
hereunder (whether by voluntary payment, by realization upon security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Loan Documents, or otherwise) that is
applicable to the payment of the principal of, or interest on, the Loans (other than Swing Loans), Revolving Facility LC Participations, Swing Line Participations or Fees (other than Fees that are intended to be paid solely to the Global Agent or an
LC Issuer and amounts payable to a Lender under Article III), of a sum that with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of such Obligation then owed and due to such Lender (based on
such Lender’s ratable share thereof as determined in accordance with Section 2.14 or Section 8.03(a) or specifically set forth elsewhere in this Agreement) bears to the total of such Obligation then owed and due to all of the Lenders
immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the other Lenders an interest in the Obligations (other than the Canadian Obligations) to such Lenders
in such amount as shall result in a proportional participation by all of the Lenders in such amount. 
 (ii)
Canadian Sub-Facility. Subject to subpart (b) below, if at any time any Canadian Lender receives any amount hereunder from the Canadian Borrower (whether by voluntary payment, by realization upon security, by the exercise of the right of
setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Loan Documents, or otherwise) that is applicable to the payment of the principal of, or interest on, the Canadian Loans (other than amounts
payable to a Canadian Lender under Article III) of a sum that with respect to the related sum or sums received by other Canadian Lenders is in a greater proportion than the total such Canadian Obligations then owed and due to such Canadian Lender
bears to the total of such Canadian Obligation then owed and due to all of the Canadian Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the
other Canadian Lenders an interest in the Canadian Obligations to such Canadian Lenders in such amount as shall result in a proportional participation by all of the Canadian Lenders in such amount. 

(iii) Recovery of Amounts. If any amount paid to any Lender pursuant to subparts (i) or (ii) above is
recovered in whole or in part from such Lender, such original purchase shall be rescinded, and the purchase price restored ratably to the extent of the recovery. 
 (b) Equalization after Equalization Date. If at any time on or after the Equalization Date, the Credit Facility Exposure owing to any Lender is greater than an amount equal to such Lender’s
Equalization Percentage of the Aggregate Credit Facility Exposure, then on such date each of the other Lenders shall purchase from such Lender for cash at par an amount of the Obligations of such Lender as shall be necessary such that the Credit
Facility Exposure owing to such Lender is equal to the amount of its Equalization Percentage of the Aggregate Credit Facility Exposure. 
 (c) Consent. The Parent and the Company consent to the foregoing and agree, to the extent they may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the


  
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foregoing arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower
in the amount of such participation. In no event, however, shall a Lender exercise a right of set-off or counterclaim against a Borrower with respect to the participated Obligations unless such Borrower is otherwise obligated with respect to such
Obligations. 
 (d) Defaulting Lenders. Notwithstanding anything to the contrary contained herein, the provisions of this
Section shall be subject to the express provisions of this Agreement that require, or permit, differing payments to be made to Lenders that are not Defaulting Lenders, as opposed to Defaulting Lenders. If any Lender shall fail to make any payment
required to be made by it pursuant to this Section, then the Global Agent may, in its discretion (notwithstanding any contrary provision of this Agreement), apply any amounts thereafter received by the Global Agent for the account of such Lender to
satisfy such Lender’s obligations to the Global Agent under such Sections until all such unsatisfied obligations are fully paid. 
 ARTICLE IX 
 THE GLOBAL AGENT 

Section 9.01 Appointment. Each Lender hereby irrevocably designates and appoints PNC Bank, National Association to act as
specified herein and in the other Loan Documents, and each such Lender hereby irrevocably authorizes PNC Bank, National Association as the Global Agent for such Lender, to take such action on its behalf under the provisions of this Agreement and the
other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to, the Global Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental
thereto. The Global Agent agrees to act as such upon the express conditions contained in this Article. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Global Agent shall not have any duties or responsibilities, except
those expressly set forth herein or in the other Loan Documents, nor any fiduciary relationship with any Lender or LC Issuer, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement
or otherwise exist against the Global Agent. The provisions of this Article are solely for the benefit of the Global Agent and the Lenders, and no Credit Party shall have any rights as a third party beneficiary of any of the provisions hereof. In
performing its functions and duties under this Agreement, the Global Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation or relationship of agency or trust with or for the
Borrowers or any of their Subsidiaries. 
 Section 9.02 Delegation of Duties. The Global Agent may execute any of
its duties under this Agreement or any other Loan Document by or through agents, sub-agents or attorneys-in-fact, including, without limitation, through its Canadian Administrative Branch, and shall be entitled to advice of counsel concerning all
matters pertaining to such duties. The Global Agent shall not be responsible for the negligence or misconduct of any agents, sub-agents or attorneys-in-fact selected by it with reasonable care except to the extent otherwise required by
Section 9.03. 
 Section 9.03 Exculpatory Provisions. Neither the Global Agent nor any of its Related Parties
shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except for its or such Related Parties’ own gross negligence or willful
misconduct) or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by the Parent, the Borrowers or any of their Subsidiaries or any of their respective officers contained in this
Agreement, any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Global Agent under or in connection with, this Agreement or any other Loan Document or for any failure
of the Parent, any Borrower or any Subsidiary of the Borrowers or any of their respective officers to 

  
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perform its obligations hereunder or thereunder. The Global Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Parent, any Borrower or any Subsidiary of any Borrower. The Global Agent shall not be responsible to any Lender for the effectiveness,
genuineness, validity, enforceability, collectibility or sufficiency of this Agreement or any Loan Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statement or in any
financial or other statements, instruments, reports, certificates or any other documents in connection herewith or therewith furnished or made by the Global Agent to the Lenders or by or on behalf of the Parent, the Borrowers or any of their
Subsidiaries to the Global Agent or any Lender or be required to ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained herein or therein or as to the use of the
proceeds of the Loans or of the existence or possible existence of any Default or Event of Default. 
 Section 9.04
Reliance by Global Agent. The Global Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, e-mail or other
electronic transmission, facsimile transmission, telex or teletype message, statement, order or other document or conversation believed by it, in good faith, to be genuine and correct and to have been signed, sent or made by the proper Person or
persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Borrowers or any of their Subsidiaries), independent accountants and other experts selected by the Global Agent. The Global Agent shall be fully
justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate or it shall first be indemnified to its
satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Global Agent shall in all cases be fully protected in acting, or in refraining from
acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or all of the Lenders (other than any Defaulting Lender), as applicable, as to any matter that, pursuant to Section 11.11, can only
be effectuated with the consent of all Lenders, or all Lenders (other than any Defaulting Lender), as the case may be), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders. 

Section 9.05 Notice of Default. The Global Agent shall not be deemed to have knowledge or notice of the occurrence of any
Default or Event of Default hereunder unless the Global Agent has received notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.”
In the event that the Global Agent receives such a notice, the Global Agent shall give prompt notice thereof to the Lenders. The Global Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by
the Required Lenders; provided, however, that unless and until the Global Agent shall have received such directions, the Global Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to
such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 
 Section 9.06
Non-Reliance. Each Lender expressly acknowledges that neither the Global Agent nor any of its Related Parties have made any representations or warranties to it and that no act by the Global Agent hereinafter taken, including, without
limitation, any review of the affairs of the Company or any of its Subsidiaries, shall be deemed to constitute any representation or warranty by the Global Agent to any Lender. Each Lender represents to the Global Agent that it has, independently
and without reliance upon the Global Agent, or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, assets, operations, property, financial and
other conditions, prospects and creditworthiness of the Parent and its Subsidiaries and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also 

  
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represents that it will, independently and without reliance upon the Global Agent, 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 analysis, appraisals and decisions in taking or not taking action under this Agreement, and to make such investigation as it deems necessary to inform itself as to the business, assets, operations, property, financial
and other conditions, prospects and creditworthiness of the Parent and its Subsidiaries. The Global Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations,
assets, property, financial and other conditions, prospects or creditworthiness of the Parent or any of its Subsidiaries that may come into the possession of the Global Agent or any of its Related Parties. 

Section 9.07 No Reliance on Global Agent’s Customer Identification Program. Each Lender acknowledges and agrees that
neither such Lender, nor any of its Affiliates, Participants or assignees, may rely on the Global Agent to carry out such Lender’s, Affiliate’s, Participant’s or assignee’s customer identification program, or other obligations
required or imposed under or pursuant to the USA Patriot Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other
Anti-Terrorism Law, including any programs involving any of the following items relating to or in connection with the Parent or any of its Subsidiaries, any of their respective Affiliates or agents, the Loan Documents or the transactions hereunder:
(a) any identity verification procedures, (b) any record keeping, (c) any comparisons with government lists, (d) any customer notices or (e) any other procedures required under the CIP Regulations or such other laws.

 Section 9.08 USA Patriot Act. Each Lender or assignee or Participant of a Lender that is not organized under the
laws of the United States of America or a state thereof (and is not excepted from the certification requirement contained in Section 313 of the USA Patriot Act and the applicable regulations because it is both (a) an affiliate of a
depository institution or foreign bank that maintains a physical presence in the United States or foreign country, and (b) subject to supervision by a banking authority regulating such affiliated depository institution or foreign bank) shall
deliver to the Global Agent the certification, or, if applicable, recertification, certifying that such Lender is not a “shell” and certifying to other matters as required by Section 313 of the USA Patriot Act and the applicable
regulations, within 10 days after the Closing Date at such other times as are required under the USA Patriot Act. 

Section 9.09 Indemnification. The Lenders agree to indemnify the Global Agent and its Related Parties as such ratably
according to their respective Fixed Commitment Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, reasonable expenses or disbursements of any kind whatsoever that may at
any time (including, without limitation, at any time following the payment of the Obligations) be imposed on, incurred by or asserted against the Global Agent or such Related Parties in any way relating to or arising out of this Agreement or any
other Loan Document, or any documents contemplated by or referred to herein or the transactions contemplated hereby or any action taken or omitted to be taken by the Global Agent or such Related Parties under or in connection with any of the
foregoing, but only to the extent that any of the foregoing are not paid by the Borrowers; provided, however, that no Lender shall be liable to the Global Agent or any of its Related Parties for the payment of any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent resulting solely from the Global Agent’s or such Related Parties’ gross negligence or willful misconduct. If any indemnity
furnished to the Global Agent or any such Related Parties for any purpose shall, in the opinion of the Global Agent, be insufficient or become impaired, the Global Agent may call for additional indemnity and cease, or not commence, to do the acts
indemnified against until such additional indemnity is furnished. The agreements in this Section shall survive the payment of all Obligations. 
 Section 9.10 The Global Agent in Individual Capacity. The Global Agent and its branches and Affiliates may make loans to, accept deposits from and generally engage in any kind of business with
the 

  
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Parent, the Company, and their Subsidiaries and Affiliates as though not acting as Global Agent hereunder. With respect to the Loans made by it and all Obligations owing to it, the Global Agent
shall have the same rights and powers under this Agreement as any Lender and may exercise the same as though it were not the Global Agent, and the terms “Lender” and “Lenders” shall include the Global Agent in its individual
capacity. 
 Section 9.11 Successor Global Agent. The Global Agent may resign at any time upon not less than 30 days
notice to the Lenders, each LC Issuer and the Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Company, to appoint a successor. If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Global Agent gives notice of its resignation, then the retiring Global Agent may on behalf of the Lenders and each LC Issuer, appoint a
successor Global Agent; provided, however, that if the Global Agent shall notify the Company and the Lenders that no such successor is willing to accept such appointment, then such resignation shall nonetheless become effective in accordance
with such notice and (i) the retiring Global Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any cash collateral held by the Global Agent on behalf of the
Lenders or any LC Issuer under any of the Loan Documents, the retiring Global Agent shall continue to hold such cash collateral until such time as a successor Global Agent is appointed) and (ii) all payments, communications and determinations
provided to be made by, to or through the Global Agent shall instead be made by or to each Lender and LC Issuer directly, until such time as the Required Lenders appoint a successor Global Agent as provided for above in this paragraph. Upon the
acceptance of a successor’s appointment as Global Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Global Agent, and the retiring Global Agent
shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this paragraph). The fees payable by the Company to a successor Global Agent shall be
the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring Global Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and
Section 11.02 shall continue in effect for the benefit of such retiring Global Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Global Agent was
acting as Global Agent. 
 Section 9.12 Other Agents. Any Lender identified herein as a Co-Agent, Syndication Agent,
Documentation Agent, Managing Agent, Manager, Co-Lead Arranger, Arranger or any other corresponding title, other than “Global Agent,” shall have no right, power, obligation, liability, responsibility or duty under this Agreement or any
other Loan Document except those applicable to all Lenders as such. Each Lender acknowledges that it has not relied, and will not rely, on any Lender so identified in deciding to enter into this Agreement or in taking or not taking any action
hereunder. 
 ARTICLE X 
 GUARANTY 
 Section 10.01 Guaranty by the Company. The Company hereby
irrevocably and unconditionally guarantees, which guaranty is a guaranty of payment and not of collection, for the benefit of the Benefited Creditors, all of the following (collectively, the “Company Guaranteed Obligations”):
(a) (i) the principal of and interest on the Notes issued by, and the Loans made to, and the other Obligations of, the Foreign Subsidiary Borrowers under this Agreement, and (ii) all reimbursement obligations and Unpaid Drawings with
respect to Letters of Credit issued for the benefit of any LC Obligor (other than the Company) under this Agreement, and (b) all amounts, indemnities and reimbursement obligations, direct or indirect, contingent or absolute, of every type or
description, and at any time existing, owing by any Subsidiary of the Company under any Designated Hedge Agreement or any other document or agreement executed and 

  
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delivered in connection therewith to any Designated Hedge Creditor, in all cases under subparts (a) or (b) above, whether now existing, or hereafter incurred or arising, including any
such interest or other amounts incurred or arising during the pendency of any bankruptcy, insolvency, reorganization, receivership or similar proceeding, regardless of whether allowed or allowable in such proceeding or subject to an automatic stay
under Section 362(a) of the Bankruptcy Code). Upon failure by any Credit Party to pay punctually any of the Company Guarantee Obligations, the Company shall forthwith on demand by the Global Agent pay the amount not so paid at the place and in
the currency and otherwise in the manner specified in this Agreement or any other applicable agreement or instrument. 

Section 10.02 Additional Undertaking. As a separate, additional and continuing obligation, the Company unconditionally and
irrevocably undertakes and agrees, for the benefit of the Benefited Creditors that, should any amounts not be recoverable from the Company under Section 10.01 for any reason whatsoever (including, without limitation, by reason of any provision
of any Loan Document or any other agreement or instrument executed in connection therewith being or becoming void, unenforceable, or otherwise invalid under any applicable law) then, notwithstanding any notice or knowledge thereof by any Lender, the
Global Agent, any of their respective Affiliates, or any other person, at any time, the Company as sole, original and independent obligor, upon demand by the Global Agent, will make payment to the Global Agent, for the account of the Benefited
Creditors, of all such obligations not so recoverable by way of full indemnity, in such currency and otherwise in such manner as is provided in the Loan Documents or any other applicable agreement or instrument. 

Section 10.03 Guaranty Unconditional. The obligations of the Company under this Article shall be unconditional and absolute
and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by the occurrence, one or more times, of any of the following: 
 (a) any extension, renewal, settlement, compromise, waiver or release in respect to any Company Guaranteed Obligation under any agreement or instrument, by operation of law or otherwise; 

(b) any modification or amendment of or supplement to this Agreement, any Note, any other Loan Document, or any agreement or instrument
evidencing or relating to any Company Guaranteed Obligation; 
 (c) any release, non-perfection or invalidity of any direct or
indirect security for any Company Guaranteed Obligation under any agreement or instrument evidencing or relating to any Company Guaranteed Obligation; 
 (d) any change in the corporate existence, structure or ownership of any Credit Party or other Subsidiary or any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Credit
Party or other Subsidiary or its assets or any resulting release or discharge of any obligation of any Credit Party or other Subsidiary contained in any agreement or instrument evidencing or relating to any Company Guaranteed Obligation; 

(e) the existence of any claim, set-off or other rights which the Company may have at any time against any other Credit Party, the Global
Agent, any Lender, any Affiliate of any Lender or any other person, whether in connection herewith or any unrelated transactions; 
 (f) any invalidity or unenforceability relating to or against any other Credit Party for any reason of any agreement or instrument evidencing or relating to any Company Guaranteed Obligation, or any
provision of applicable law or regulation purporting to prohibit the payment by any Credit Party of any of the Company Guaranteed Obligations; or 

  
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 (g) any other act or omission of any kind by any other Credit Party, the Global Agent, any
Lender or any other Person or any other circumstance whatsoever which might, but for the provisions of this Article, constitute a legal or equitable discharge of a Subsidiary’s obligations under the Domestic Credit Party Guaranty or the
Company’s obligations under this Article other than the irrevocable payment in full of all Company Guaranteed Obligations. 

Section 10.04 Company Obligations to Remain in Effect; Restoration. The Company’s obligations under this Article shall
remain in full force and effect until the Commitments shall have terminated, and the principal of and interest on the Notes and other Company Guaranteed Obligations, and all other amounts payable by the Company, any other Credit Party or other
Subsidiary, under the Loan Documents or any other agreement or instrument evidencing or relating to any of the Company Guaranteed Obligations, shall have been paid in full. If at any time any payment of any of the Company Guaranteed Obligations is
rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of such Credit Party, the Company’s obligations under this Article with respect to such payment shall be reinstated at such time as though
such payment had been due but not made at such time. 
 Section 10.05 Waiver of Acceptance, etc. The Company
irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any person against any other Credit Party or any other Person, or against
any guaranty of any other Person. 
 Section 10.06 Subrogation. Until the indefeasible payment in full of all of the
Obligations and the termination of the Commitments hereunder, the Company shall have no rights, by operation of law or otherwise, upon making any payment under this Article to be subrogated to the rights of the payee against any other Credit Party
with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any such Credit Party in respect thereof. 
 Section 10.07 Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any Company Guaranteed Obligation is stayed upon
insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any Company Guaranteed Obligation shall nonetheless
be payable by the Company under this Article forthwith on demand by the Global Agent. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.01 Payment of Expenses etc. The Borrowers agree to pay (or reimburse the Global Agent, the Co-Lead Arrangers, the
Lenders or their Affiliates, as the case may be) all of the following: (i) whether or not the transactions contemplated hereby are consummated, for all reasonable out-of-pocket costs and expenses of the Global Agent and the Co-Lead Arrangers,
including the reasonable fees and disbursements of any one domestic counsel and any applicable local counsel to the Global Agent and the Co-Lead Arrangers, in connection with the negotiation, preparation, syndication, administration and execution
and delivery of the Loan Documents and the documents and instruments referred to therein and the syndication of the Commitments; (ii) all reasonable out-of-pocket costs and expenses of the Global Agent and the Co-Lead Arrangers, including the
reasonable fees and disbursements of any one domestic and any applicable local counsel to the Global Agent and the Co-Lead Arrangers, in connection with any amendment, waiver or consent relating to any of the Loan Documents that is requested by any
Credit Party; (iii) all reasonable out-of-pocket costs and expenses of the Global Agent, the Co-Lead Arrangers, the Lenders and their Affiliates in connection with the enforcement of any of the Loan Documents or the


  
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other documents and instruments referred to therein, including, without limitation, the reasonable fees and disbursements of any counsel to the Global Agent, the Co-Lead Arrangers and any Lender
(including, without limitation, allocated costs of internal counsel); and (iv) any and all present and future stamp, goods and services tax, and other similar taxes with respect to the foregoing matters (“Other Taxes”) and save
the Global Agent, the Co-Lead Arrangers and each of the Lenders harmless from and against any and all liabilities with respect to or resulting from any delay or omission (other than to the extent attributable to any such Indemnified Person) to pay
such taxes; provided, however, that notwithstanding the foregoing, a Foreign Subsidiary Borrower shall only be required to pay any of the foregoing to the extent that any of the foregoing have been incurred in connection with the
Obligations owing by such Foreign Subsidiary Borrower or are otherwise directly related or attributable to such Foreign Subsidiary Borrower. 
 Section 11.02 Indemnification. Each Borrower agrees to indemnify the Global Agent, the Co-Lead Arrangers, each Lender and their respective Related Parties (collectively, the
“Indemnitees”) from and hold each of them harmless against any and all losses, liabilities, claims, damages or expenses reasonably incurred by any of them as a result of, or arising out of, or in any way related to, or by reason of
(i) any investigation, litigation or other proceeding (whether or not any Lender is a party thereto) related to the entering into and/or performance of any Loan Document or the use of the proceeds of any Loans hereunder or the consummation of
any transactions contemplated in any Loan Document, other than any such investigation, litigation or proceeding arising out of transactions solely between any of the Lenders, the Global Agent or the Co-Lead Arrangers, transactions solely involving
the assignment by a Lender of all or a portion of its Loans and Commitments, or the granting of participations therein, as provided in this Agreement, or arising solely out of any examination of a Lender by any regulatory or other Governmental
Authority having jurisdiction over it, or (ii) the actual or alleged presence of Hazardous Materials in the air, surface water or groundwater or on the surface or subsurface of any Real Property owned, leased or at any time operated by the
Company or any of its Subsidiaries, the release, generation, storage, transportation, handling or disposal of Hazardous Materials at any location, whether or not owned or operated by the Company or any of its Subsidiaries, if the Company or any such
Subsidiary could have or is alleged to have any responsibility in respect thereof, the non-compliance of any such Real Property with foreign, federal, state, provincial, territorial, municipal and local laws, regulations and ordinances (including
applicable permits thereunder) applicable thereto, or any Environmental Claim asserted against the Company or any of its Subsidiaries, in respect of any such Real Property, including, in the case of each of (i) and (ii) above, without
limitation, the reasonable documented fees and disbursements of counsel incurred in connection with any such investigation, litigation or other proceeding (but excluding any such losses, liabilities, claims, damages or expenses to the extent
incurred by reason of the gross negligence or willful misconduct of the Person to be indemnified or of any other Indemnitee who is such Person or an Affiliate of such Person). To the extent that the undertaking to indemnify, pay or hold harmless any
Person set forth in the preceding sentence may be unenforceable because it is violative of any law or public policy, the Company shall make the maximum contribution to the payment and satisfaction of each of the indemnified liabilities that is
permissible under applicable law. Notwithstanding the foregoing, a Foreign Subsidiary Borrower shall only be required to indemnify any Indemnitee pursuant to this Section to the extent that any such losses, liabilities, claims, damages or expenses
have been caused by such Foreign Subsidiary Borrower or are otherwise directly related or attributable to such Foreign Subsidiary Borrower. 
 Section 11.03 Right of Setoff. In addition to any rights now or hereafter granted under applicable law or otherwise, and not by way of limitation of any such rights, upon the occurrence and
during the continuance of an Event of Default, each Lender is hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind to any Borrower or to any other Person, any such notice being hereby
expressly waived, to set off and to appropriate and apply any and all deposits (general or special) and any other Indebtedness at any time held or owing by such Lender (including, without limitation, by branches, agencies and Affiliates of such
Lender wherever located) to or for the credit or the account of any Borrower against and on account of the Obligations and liabilities of 

  
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such Borrower to such Lender under this Agreement or under any of the other Loan Documents, including, without limitation, all claims of any nature or description arising out of or connected with
this Agreement or any other Loan Document, irrespective of whether or not such Lender shall have made any demand hereunder and although said Obligations, liabilities or claims, or any of them, shall be contingent or unmatured. Each Lender agrees to
promptly notify the applicable Borrowers after any such set off and application; provided, however, that the failure to give such notice shall not affect the validity of such set off and application. 

Section 11.04 Notices. 
 (a) Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subpart (c) below), all 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 facsimile as follows: 

(i) if to the Company, to it at 6301 Fitch Path, New Albany, Ohio 43054, Attention: Treasurer (Facsimile
No. 614.765.8020), with a copy to the attention of the General Counsel (Facsimile No. 614.283.8961); 

(ii) if to any Foreign Subsidiary Borrower executing this Agreement on the Closing Date, to it at the applicable address
below: 
 (A) if to Abercrombie & Fitch Europe SA, to it at Palazzo San Martino, Via Moree, 6850 Mendrisio, Switzerland,
Attention: Directors (Facsimile Nos. 614.765.8020 and 614.283.8961); 
 (B) if to Hollister Co. (UK)
LTD., to it at 1 Old Burlington Street, 2nd Floor, London
W1S 3AD, United Kingdom, Attention: Directors (Facsimile Nos. 614.765.8020 and 614.283.8961); 
 (C) if
to Abercrombie & Fitch (UK) Limited, to it at 1 Old Burlington Street, 2nd Floor, London W1S 3AD, United Kingdom, Attention: Directors (Facsimile Nos. 614.765.8020 and 614.283.8961); 
 (D) if to AFH Canada Stores Co., to it c/o Stewart McKelvey, Suite 900, 1959 Upper Water Street, Halifax, Nova Scotia B3J 2X2, Canada, Attention: Directors (Facsimile Nos. 614.765.8020 and
614.283.8961); and 
 (E) if to AFH Japan GK, to it at Palais Ginza Building, 7th Floor, 6-10-16 Ginza Chuo-ku, Tokyo 104-0061, Japan, Attention:
Executive Managers (Facsimile Nos. 614.765.8020 and 614.283.8961); 
 (iii) if to any other Foreign
Subsidiary Borrower, to it at the address specified in the Joinder Agreement pursuant to which it became a party to this Agreement with a copy to the Company at the address set forth in subpart (i) above; 

(iv) if to any other Credit Party, to it c/o Abercrombie & Fitch Co., 6301 Fitch Path, New Albany, Ohio 43054,
Attention: Treasurer (Facsimile No. 614.765.8020), with a copy to the attention of the General Counsel (Facsimile No. 614.283.8961); 
 (v) if to the Global Agent, to it at the Notice Office; and 

  
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 (vi) if to a Lender, to it at its address (or facsimile number) set forth
next to its name on the signature pages hereto or, in the case of any Lender that becomes a party to this Agreement by way of assignment under Section 11.04 of this Agreement, to it at the address set forth in the Assignment and Assumption to
which it is a party. 
 (b) Receipt of Notices. Notices and communications sent by hand or overnight courier service, or
mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile shall be deemed to have been given when sent and receipt has been confirmed by telephone. Notices delivered through electronic
communications to the extent provided in subparagraph (c) below shall be effective as provided in said subparagraph (c). 
 (c) Electronic Communications. Subject to Section 6.01(g), notices and other communications to the Global Agent, an LC Issuer or any Lender hereunder and required to be delivered pursuant to
Section 6.01(a), (b), (c), (d), may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Global Agent. The Global Agent or the Company may, in their
discretion, agree in a separate writing to accept notices and other communications to them hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular
notices or communications. Unless the Global Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient
(such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient,
such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the
deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(d) Change of Address, Etc. Any party hereto may change its address or facsimile number for notices and other communications
hereunder by notice to each of the other parties hereto in accordance with Section 11.04(a), or in the case of any Lender, to the Company and the Global Agent. 
 Section 11.05 Successors and Assigns. 
 (a) Successors and Assigns
Generally. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns; provided, however, that no Borrower may assign or transfer any of its rights
or obligations hereunder without the prior written consent of all the Lenders (other than any Defaulting Lender), and, provided, further, that any assignment or participation by a Lender of any of its rights and obligations hereunder
shall be effected in accordance with this Section. 
 (b) Participations. Each Lender may at any time grant
participations in any of its rights hereunder or under any of the Notes to an Eligible Assignee (a “Participant”), provided that in the case of any such participation, 

(i) the Participant shall not have any rights under this Agreement or any of the other Loan Documents, including rights of
consent, approval or waiver (the Participant’s rights against such Lender in respect of such participation to be those set forth in the agreement executed by such Lender in favor of the Participant relating thereto), 

(ii) such Lender’s obligations under this Agreement (including, without limitation, its Commitments hereunder) shall
remain unchanged, 

  
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 (iii) such Lender shall remain solely responsible to the other parties
hereto for the performance of such obligations, 
 (iv) such Lender shall remain the holder of any Note for all
purposes of this Agreement, and 
 (v) the Borrowers, the Global Agent, and the other Lenders shall continue to
deal solely and directly with the selling Lender in connection with such Lender’s rights and obligations under this Agreement, and all amounts payable by the Borrowers hereunder shall be determined as if such Lender had not sold such
participation, except that the Participant shall be entitled to the benefits of ARTICLE III, provided that any such Participant shall have complied with the requirements of ARTICLE III including, without limitation, Section 3.03 and provided,
further, that no Participant shall be entitled to receive any greater amount pursuant to ARTICLE III than the transferor to the extent that such Lender would be entitled to receive if the participation had not been entered into or sold, 

and, provided further, that no Lender shall transfer, grant or sell any participation under which the Participant shall have rights to approve any
amendment to or waiver of this Agreement or any other Loan Document except to the extent such amendment or waiver would (w) increase the Maximum Credit Facility Amount, other than pursuant to Section 2.17, extend the final scheduled
maturity of the Loans in which such Participant is participating, or reduce the rate or extend the time of payment of interest or Fees thereon (except in connection with a waiver of the applicability of any post-default increase in interest rates),
or reduce the principal amount thereof, or increase such Participant’s participating interest in any Commitment over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default shall not constitute a
change in the terms of any such Commitment), (x) release any guarantor from its guaranty of any of the Obligations, except in accordance with the terms of the Loan Documents, or (y) consent to the assignment or transfer by any Borrower of
any of its rights and obligations under this Agreement. 
 (c) Assignments by Lenders. 

(i) Any Lender may assign all, or if less than all, a fixed portion, of its Loans, Revolving Facility LC Participations,
Swing Loan Participations and/or Commitments and its rights and obligations hereunder to one or more Eligible Assignees, each of which shall become a party to this Agreement as a Lender by execution of an Assignment and Assumption; provided,
however, that 
  

	 	(A)	except in the case (x) of an assignment of the entire remaining amount of the assigning Lender’s Loans and/or Commitments or (y) an assignment to another
Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender, the aggregate amount of the Commitment so assigned (which for this purpose includes the Loans outstanding thereunder) shall not be less than $5,000,000;


  

	 	(B)	 no Lender that is a Canadian Lender (whether directly or by its Canadian Lending Installation) may (i) at any time prior to the Equalization Date,
assign any portion of its Facility Commitment (including the outstanding Revolving Loans made by it thereunder) without also assigning to the same Eligible Assignee (or the Canadian Lending Installation of such Eligible Assignee) a proportionate
amount of the Canadian Commitment (and the outstanding Canadian Revolving Loans made by it thereunder) of such Lender (or the Canadian Lending Installation of such Lender), (ii) at




  
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any time prior to the Equalization Date, assign any portion of its Canadian Commitment (and the outstanding Canadian Revolving Loans made by it thereunder) without also assigning to the same
Eligible Assignee (or the Canadian Lending Installation of such Eligible Assignee) a proportionate amount of its Facility Commitment (including the outstanding Revolving Loans made by it thereunder) of such Lender (or the Canadian Lending
Installation of such Lender), or (iii) assign any portion of its Canadian Commitment to an Eligible Assignee (x) who is (or whose Canadian Lending Installation is) not a resident of Canada within the meaning of the Income Tax Act
(Canada) for the purposes of the withholding tax provisions in Part XIII of the Income Tax Act (Canada) unless such Eligible Assignee deals at arm’s length with the Canadian Borrower for purposes of the withholding tax provisions in
Part XIII of the Income Tax Act (Canada); or (y) who is not an “authorized foreign bank” as defined in Section 2 of the Bank Act (Canada) unless such Person’s lending activities are not regulated by the Bank
Act (Canada); 

  

	 	(C)	in the case of any assignment to an Eligible Assignee at the time of any such assignment the Lender Register shall be deemed modified to reflect the Commitments of such
new Lender and of the existing Lenders; 

  

	 	(D)	upon surrender of the old Notes, if any, upon request of the new Lender, new Notes will be issued, at the Borrowers’ expense, to such new Lender and to the
assigning Lender, to the extent needed to reflect the revised Commitments; and 

  

	 	(E)	unless waived by the Global Agent, the Global Agent shall receive at the time of each such assignment, from the assigning or assignee Lender, the payment of a
non-refundable assignment fee of $3,500. 

 (ii) To the extent of any assignment pursuant to this
subpart (c), the assigning Lender shall be relieved of its obligations hereunder with respect to its assigned Commitments. 
 (iii) Prior to each assignment pursuant to this subpart (c) to a Person that is not already a Lender hereunder the respective assignee Lender shall provide to the Company and the Global Agent the
appropriate Internal Revenue Service Forms and a Withholding Certificate (and, if applicable an Exemption Certificate) described in Section 3.03(b). To the extent that an assignment of all or any portion of a Lender’s Commitment and
related outstanding Obligations pursuant to this subpart (c) would, at the time of such assignment, result in increased costs under Section 3.01 from those being charged by the respective assigning Lender prior to such assignment, then the
Company shall not be obligated to pay such increased costs (although the Borrowers shall be obligated to pay any other increased costs of the type described above resulting from changes after the date of the respective assignment). 

(iv) With respect to any Lender, the transfer of any Commitment of such Lender and the rights to the principal of, and
interest on, any Loan made pursuant to such Commitment shall not be effective until such transfer is recorded on the Lender Register maintained by the Global Agent with respect to ownership of such Commitment and Loans and prior to such recordation
all amounts owing to the transferor with respect to such Commitment and Loans shall remain owing to the transferor. The registration of assignment or transfer of all or part of any Commitments and Loans shall be recorded by the Global Agent on the
Lender Register only upon the acceptance by 

  
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the Global Agent of a properly executed and delivered Assignment and Assumption pursuant to this subpart (c). 

(v) Nothing in this Section shall prevent or prohibit (A) any Lender that is a bank, trust company or other financial
institution from pledging its Notes or Loans to a Federal Reserve Bank in support of borrowings made by such Lender from such Federal Reserve Bank, or (B) any Lender that is a trust, limited liability company, partnership or other investment
company from pledging its Notes or Loans to a trustee or agent for the benefit of holders of certificates or debt securities issued by it. No such pledge, or any assignment pursuant to or in lieu of an enforcement of such a pledge, shall relieve the
transferor Lender from its obligations hereunder. 
 (d) No SEC Registration or Blue Sky Compliance. Notwithstanding any
other provisions of this Section, no transfer or assignment of the interests or obligations of any Lender hereunder or any grant of participation therein shall be permitted if such transfer, assignment or grant would require any Borrower to file a
registration statement with the SEC or other foreign Governmental Authority or to qualify the Loans under the “Blue Sky” laws of any state or other jurisdiction. 
 (e) Representations of Lenders. Each Lender initially party to this Agreement hereby represents, and each Person that becomes a Lender pursuant to an assignment permitted by this Section will, upon
its becoming party to this Agreement, represent that it is a commercial lender, other financial institution or other “accredited” investor (as defined in SEC Regulation D) that makes or acquires loans in the ordinary course of its business
and that it will make or acquire Loans for its own account in the ordinary course of such business; provided, however, that subject to the preceding Section 11.05(b) and (c), the disposition of any promissory notes or other evidences of
or interests in Indebtedness held by such Lender shall at all times be within its exclusive control. 
 (f) Provisions Regarding
Swiss Qualifying Lenders. 
 (i) A grant of a participation pursuant to Section 11.05(b) or an assignment
pursuant to Section 11.05(c) will only be effective if, in case of the grant of a participation or an assignment in relation to the Revolving Facility (excluding Qualifying Participations), the new Lender or Participant makes the
representations in the Qualifying Certificate to the Company as to whether it is a Swiss Qualifying Lender (or whether the participation is a Qualifying Participation) on the date of such participation or assignment, and if it represents that it is
a Swiss Qualifying Lender and if such new Lender or Participant is not incorporated in a country which is a member of the Organisation for Economic Co-Operation and Development at such time, the Company has the right prior to the transfer to request
that such new Lender or Participant provide to it a written confirmation signed by the Swiss Federal Tax Administration that it is a bank in accordance with the explanatory note of the Swiss Federal Tax Administration No. S-02.123(9.86), as amended
from time to time. If the new Lender or Participant is not a Swiss Qualifying Lender, so long as no Event of Default has occurred and is continuing, the Company has the right, prior to the transfer, not to approve such Lender as a Lender or
Participant, and such failure to so approve of such Lender or Participant shall not be deemed to be unreasonable. 
 (ii) An assigning Lender must ensure that, when assigning any or all of its rights and benefits under the Revolving Facility, or transferring all or any of its rights, benefits and obligations under the
Revolving Facility or entering into a participation in relation to the Revolving Facility, the total number of creditors and/or Participants (other than Swiss Qualifying Lenders or Participants who have Qualifying Participations) under (A) the
Revolving Facility shall not at any time exceed the number of ten, in accordance with the Ten Non-Bank Regulations and (B) the Revolving Facility shall not at any time exceed 10, which when added with any other lenders under any other interest
bearing loan facility who are Swiss Non-Qualifying Lenders shall 

  
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not exceed 20 in accordance with the Twenty Non-Bank Regulations. Notwithstanding the foregoing, for the purposes of clause (B) above, each Lender may assume that no Swiss Obligor has any
other interest bearing loan facility with lenders (other than Lenders or Participants hereunder) who are not Swiss Qualifying Lenders, and if the number of Swiss Non-Qualifying Lenders exceeds 20 solely as a result of Swiss Non-Qualifying Lenders
under any other interest bearing loan facility, no Lender shall have any liability for indemnity to any other Person. 
 (iii) In the event that a Lender enters into an assignment, transfer or participation in breach of Section 11.05(f)(ii): 

 

	 	(A)	such assignment, transfer or participation shall not be valid and effective towards the other Lenders and the Credit Parties (including the Swiss Borrower); and


  

	 	(B)	the assignee and assignor Lender shall, jointly and severally, indemnify each of the other Lenders and, if applicable, the Borrowers, for any damages or losses any of
them may incur as a result of such assignment, transfer or participation, which losses may include, but shall not be limited to, any increased costs to other Lenders hereunder pursuant to Section 3.01 or Section 3.03, which would not
become payable but for such assignment, transfer or participation. 

 (iv) Any Lender which enters
into an assignment, transfer or Qualifying Participation in relation to the Revolving Facility shall ensure that: 
  

	 	(A)	the terms of such assignment, transfer or participation agreement prohibit the new Lender or Participant from entering into further assignment, transfer or
participation agreements (in relation to the rights between it and such Lender) and assigning or granting any interest over the assignment, transfer or participation agreement, except in each case to a person who is a Swiss Qualifying Lender;


  

	 	(B)	the new Lender or Participant enters into a unilateral undertaking in favor of each Lender and the Swiss Borrower to abide by the terms included in the assignment,
transfer or participation agreement to reflect sub-paragraph (A) above; 

  

	 	(C)	the terms of such assignment, transfer or participation agreement oblige the new Lender or Participant, in respect of any further assignment, transfer or participation,
to include a term identical to the provisions of this Section mutatis mutandis, including a requirement that any further new Lender or sub-participant, assignee or grantee enters into such undertaking; and 


 

	 	(D)	the identity of the new Lender or Participant is permitted to be disclosed to the Swiss Federal Tax Administration by the Swiss Borrower (if requested by the Swiss
Federal Tax Administration to do so). 

 Section 11.06 No Waiver; Remedies Cumulative. No failure or
delay on the part of the Global Agent or any Lender in exercising any right, power or privilege hereunder or under any other Loan Document and no course of dealing between the Borrowers and the Global Agent or any Lender shall operate as a waiver
thereof; nor shall any single or partial exercise of any right, power or privilege 

  
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hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. No notice to or demand on
any Borrower in any case shall entitle such Borrower to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Global Agent or the Lenders to any other or further action in any
circumstances without notice or demand. Without limiting the generality of the foregoing, the making of a Loan or any LC Issuance shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Global Agent, any
Lender or any LC Issuer may have had notice or knowledge of such Default or Event of Default at the time. The rights and remedies herein expressly provided are cumulative and not exclusive of any rights or remedies that the Global Agent or any
Lender would otherwise have. 
 Section 11.07 Governing Law; Submission to Jurisdiction; Venue; Waiver of Jury
Trial. 
 (a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND
THEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. TO THE FULLEST EXTENT PERMITTED BY LAW, THE BORROWERS HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVE ANY
CLAIM TO ASSERT THAT THE LAW OF ANY JURISDICTION OTHER THAN THE STATE OF OHIO GOVERNS THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. Any legal action or proceeding with respect to this Agreement or any other Loan Document may be brought in the
Court of Common Pleas of Cuyahoga County, Ohio, or of the United States for the Northern District of Ohio, and, by execution and delivery of this Agreement, each Borrower hereby irrevocably accepts for itself and in respect of its property,
generally and unconditionally, the jurisdiction of the aforesaid courts. Each Borrower hereby further irrevocably consents to the service of process out of any of the aforementioned courts in any such action or proceeding by the mailing of copies
thereof by registered or certified mail, postage prepaid, to such Borrower at its address for notices pursuant to Section 11.04, such service to become effective 30 days after such mailing or at such earlier time as may be provided under
applicable law. Nothing herein shall affect the right of the Global Agent or any Lender to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against any Borrower in any other jurisdiction.

 (b) Each Borrower hereby irrevocably waives any objection that it may now or hereafter have to the laying of venue of any of
the aforesaid actions or proceedings arising out of or in connection with this Agreement or any other Loan Document brought in the courts referred to in Section 11.07(a) above and hereby further irrevocably waives and agrees not to plead or
claim in any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. 

(c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS (INCLUDING, WITHOUT LIMITATION, ANY AMENDMENTS, WAIVERS OR OTHER MODIFICATIONS RELATING TO ANY OF THE FOREGOING), OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. EACH PARTY HERETO HEREBY (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 PARAGRAPH. 

  
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 Section 11.08 Counterparts. This Agreement may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same agreement. A set of counterparts executed by
all the parties hereto shall be lodged with the Company and the Global Agent. 
 Section 11.09 Integration. This
Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Global Agent, for its own account and benefit and/or for the account, benefit of, and distribution to, the Lenders, constitute the entire
contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof or thereof. 

Section 11.10 Headings Descriptive. The headings of the several Sections and other portions of this Agreement are inserted
for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 

Section 11.11 Amendment or Waiver. 
 (a) Except in connection with any amendment necessary to document an increase in the Credit Facility pursuant to Section 2.17, neither this Agreement nor any other Loan Document, nor any terms hereof
or thereof, may be amended, changed, waived or otherwise modified unless such amendment, change, waiver or other modification is in writing and signed by the Borrowers and the Global Agent, and also signed (or consented to in writing by) the
Required Lenders; provided, however, that 
 (i) no change, waiver or other modification shall:

  

	 	(A)	increase the amount of any Commitment of any Lender hereunder, without the written consent of such Lender; 


 

	 	(B)	extend or postpone the Credit Facility Termination Date or the maturity date provided for herein that is applicable to any Loan of any Lender, extend or postpone the
expiration date of any Letter of Credit as to which such Lender is a Revolving Facility LC Participant beyond the latest expiration date for a Letter of Credit provided for herein, or extend or postpone any scheduled expiration or termination date
provided for herein that is applicable to a Commitment of any Lender, without the written consent of such Lender; 

  

	 	(C)	reduce the principal amount of any Loan made by any Lender, or reduce the rate or extend the time of payment of, or excuse the payment of, interest thereon (other than
as a result of waiving the applicability of any post-default increase in interest rates), without the written consent of such Lender; 

  

	 	(D)	reduce the amount of any Unpaid Drawing as to which any Lender is a Revolving Facility LC Participant or reduce the rate or extend the time of payment of, or excuse the
payment of, interest thereon (other than as a result of waiving the applicability of any post-default increase in interest rates), without the written consent of such Lender; or 


 

	 	(E)	reduce the rate or extend the time of payment of, or excuse the payment of, any Fees to which any Lender is entitled hereunder, without the written consent of such
Lender; and 


  
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 (ii) no change, waiver or other modification or termination shall, without
the written consent of each Lender (other than a Defaulting Lender) affected thereby, 
  

	 	(A)	release any Borrower from any of its obligations, except with respect to the release of a Foreign Subsidiary Borrower made pursuant to Section 2.16;


  

	 	(B)	release the Company from its Guarantee Obligations under Article X or release any Credit Party from the Domestic Credit Party Guaranty, except, in the case of a
Subsidiary Guarantor, in accordance with a transaction permitted under this Agreement; 

  

	 	(C)	amend, modify or waive any provision of this Section 11.11, Section 2.14(b), Section 8.03, or Section 8.04, or any other provision of any of the
Loan Documents pursuant to which the consent or approval of all Lenders, or a number or specified percentage or other required grouping of Lenders or Lenders having Commitments, is by the terms of such provision explicitly required;


  

	 	(D)	reduce the percentage specified in, or otherwise modify, the definition of Required Lenders; or 


 

	 	(E)	consent to the assignment or transfer by any Borrower of any of its rights and obligations under this Agreement. 


Any waiver, consent, amendment or other modification with respect to this Agreement given or made in accordance with this Section shall be effective only
in the specific instance and for the specific purpose for which it was given or made. 
 (b) No provision of Section 2.05
or any other provision in this Agreement specifically relating to Letters of Credit or Article IX may be amended without the consent of (x) any LC Issuer adversely affected thereby or (y) the Global Agent, respectively. 

Section 11.12 Survival of Indemnities. All indemnities set forth herein including, without limitation, in Article III
(subject to the limitations set forth Section 3.01(d)), Section 9.09 or Section 11.02 shall survive the execution and delivery of this Agreement and the making and repayment of the Obligations. 

Section 11.13 Domicile of Loans. Each Lender may transfer and carry its Loans at, to or for the account of any branch office,
subsidiary or affiliate of such Lender, including any Canadian Lending Installation; provided, however, that the Borrowers shall not be responsible for costs arising under Section 3.01 or Section 3.03 resulting from any such
transfer (other than a transfer pursuant to Section 3.05) to the extent not otherwise applicable to such Lender prior to such transfer. 
 Section 11.14 Confidentiality. 
 (a) Each of the Global Agent, each LC
Issuer and the Lenders agrees to maintain the confidentiality of the Confidential Information, except that Confidential Information may be disclosed (i) to those of its Affiliates that may become a Lender hereunder or that provide or may
provide services to the Company (or any of its Affiliates), and any of such Affiliates’ directors, officers, employees and agents with a need to know such Confidential Information (in the Global Agent’s, each LC Issuer’s and each
Lender’s reasonable discretion), including accountants, legal counsel and other advisors (it being 

  
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understood that the persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep such Confidential Information
confidential according to the terms hereof), (ii) to any direct or indirect contractual counterparty in any Hedge Agreement (or to any such contractual counterparty’s professional advisor, so long as such contractual counterparty (or such
professional advisor) agrees to be bound by the provisions of this Section, (iii) to the extent requested by any regulatory authority, (iv) to the extent required by applicable laws or regulations or by any subpoena or similar legal
process, (v) to any other party to this Agreement, (vi) in connection with the exercise of any remedies hereunder or under any of the other Loan Documents, or any suit, action or proceeding relating to this Agreement or any of the other
Loan Documents or the enforcement of rights hereunder or thereunder, (vii) subject to an agreement containing provisions substantially the same as those of this Section, to any assignee of or participant in, or any prospective assignee of or
participant in, any of its rights or obligations under this Agreement, (viii) with the consent of the Company, or (ix) to the extent such Confidential Information (A) becomes publicly available other than as a result of a breach of
this Section, or (B) becomes available to the Global Agent, any LC Issuer or any Lender on a non-confidential basis from a source other than a Credit Party and not otherwise in violation of this Section, provided such source does not, to the
knowledge of the Global Agent, an L/C Issuer or a Lender, as applicable, or their respective Affiliates, have an obligation of confidentiality to the Parent or any of its Subsidiaries. 

(b) As used in this Section, “Confidential Information” shall mean all information received from the Parent or any of
its Subsidiaries relating to the Parent or any of its Subsidiaries or any of their businesses, other than any such information that (A) becomes publicly available other than as a result of a breach of this Section 11.14, or
(B) becomes available to the Global Agent, any LC Issuer, any Lender or any Affiliate of any of the foregoing on a non-confidential basis from a source other than a Credit Party and not otherwise in violation of this Section 11.14,
provided such source does not, to the knowledge of the Global Agent, an L/C Issuer or a Lender, as applicable, or their respective Affiliates, have an obligation of confidentiality to the Parent or any of its Subsidiaries. 

(c) Any Person required to maintain the confidentiality of Confidential Information as provided in this Section shall be considered to
have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Confidential Information as such Person would accord to its own confidential information. The Borrowers hereby
agree that the failure of the Global Agent, any LC Issuer or any Lender to comply with the provisions of this Section shall not relieve any Borrower, or any other Credit Party, of any of its obligations under this Agreement or any of the other Loan
Documents. 
 Section 11.15 Limitations on Liability of the LC Issuers. The Borrowers assume all risks of the acts
or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letters of Credit. Neither any LC Issuer nor any of its officers or directors shall be liable or responsible for: (a) the use that may be made
of any Letter of Credit or any acts or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in
any or all respects invalid, insufficient, fraudulent or forged; or (c) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit, except that the LC Obligor shall have a claim against an LC
Issuer, and an LC Issuer shall be liable to such LC Obligor, to the extent of any direct, but not consequential, damages suffered by such LC Obligor that such LC Obligor proves were caused by (i) such LC Issuer’s willful misconduct or
gross negligence in determining whether documents presented under a Letter of Credit comply with the terms of such Letter of Credit or (ii) such LC Issuer’s willful failure to make lawful payment under any Letter of Credit after the
presentation to it of documentation strictly complying with the terms and conditions of such Letter of Credit. In furtherance and not in limitation of the foregoing, an LC Issuer may accept documents that appear on their face to be in order, without
responsibility for further investigation. 

  
 102









 Section 11.16 General Limitation of Liability. No claim may be made by any
Credit Party, any Lender, the Global Agent, any LC Issuer or any other Person against the Global Agent, any LC Issuer, or any other Lender or the Affiliates, directors, officers, employees, attorneys or agents of any of them for any damages other
than actual compensatory damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the transactions contemplated by this Agreement or any of the other Loan Documents, or any act, omission or
event occurring in connection therewith; and each of the Borrowers, each Lender, the Global Agent and each LC Issuer hereby, to the fullest extent permitted under applicable law, waives, releases and agrees not to sue or counterclaim upon any such
claim for any special, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 
 Section 11.17 No Duty. All attorneys, accountants, appraisers, consultants and other professional persons (including the firms or other entities on behalf of which any such Person may act)
retained by the Global Agent or any Lender with respect to the transactions contemplated by the Loan Documents shall have the right to act exclusively in the interest of the Global Agent or such Lender, as the case may be, and shall have no duty of
disclosure, duty of loyalty, duty of care, or other duty or obligation of any type or nature whatsoever to the Company, to any of its Subsidiaries, or to any other Person, with respect to any matters within the scope of such representation or
related to their activities in connection with such representation. Each Borrower agrees, on behalf of itself and its Subsidiaries, not to assert any claim or counterclaim against any such persons with regard to such matters, all such claims and
counterclaims, now existing or hereafter arising, whether known or unknown, foreseen or unforeseeable, being hereby waived, released and forever discharged. 
 Section 11.18 Lenders and Agent Not Fiduciary to Borrowers, etc. The relationship among the Company and its Subsidiaries, on the one hand, and the Global Agent, each LC Issuer and the Lenders,
on the other hand, is solely that of debtor and creditor, and the Global Agent, each LC Issuer and the Lenders have no fiduciary or other special relationship with the Company and its Subsidiaries, and no term or provision of any Loan Document, no
course of dealing, no written or oral communication, or other action, shall be construed so as to deem such relationship to be other than that of debtor and creditor. 
 Section 11.19 Survival of Representations and Warranties. All representations and warranties herein shall survive the making of Loans and all LC Issuances hereunder, the execution and delivery
of this Agreement, the Notes and the other documents the forms of which are attached as Exhibits hereto, the issue and delivery of the Notes, any disposition thereof by any holder thereof, and any investigation made by the Global Agent or any Lender
or any other holder of any of the Notes or on its behalf. All statements contained in any certificate or other document delivered to the Global Agent or any Lender or any holder of any Notes by or on behalf of the Company or any of its Subsidiaries
pursuant hereto or otherwise specifically for use in connection with the transactions contemplated hereby shall constitute representations and warranties by the Borrowers hereunder, made as of the respective dates specified therein or, if no date is
specified, as of the respective dates furnished to the Global Agent or any Lender. 
 Section 11.20 Severability.
Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 11.21 [Intentionally Omitted]. 
 Section 11.22 Interest Rate Limitation. 

  
 103









 (a) Maximum Rate. 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 that are treated as interest on such Loan under applicable law (collectively, the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) that 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 the same is lawful and would not result in either (i) adverse tax consequences to the Parent or any of its Subsidiaries or (ii) the payment by a
Foreign Subsidiary Borrower of amounts payable by any party other that such Foreign Subsidiary Borrower, 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 Base Rate to
the date of repayment, shall have been received by such Lender. 
 (b) Canadian Interest Limitation. Notwithstanding
anything herein to the contrary, in no event shall the aggregate “interest” (as defined in Section 347 of the Criminal Code, Revised Statutes of Canada, 1985, c. C-46 as the same may be amended, replaced or re-enacted from time to
time) payable under this Agreement with respect to the Canadian Obligations exceed the effective annual rate of interest on the “credit advanced” (as defined in that section) under this Agreement lawfully permitted under that section and,
if any payment, collection or demand pursuant to this Agreement in respect of “interest” (as defined in that section) is determined to be contrary to the provisions of that section, such payment, collection or demand shall be deemed to
have been made by mutual mistake of the applicable Canadian Borrower and the Canadian Lenders and the amount of such payment or collection shall be refunded to such Canadian Borrower; for purposes of this Agreement the effective annual rate of
interest shall be determined in accordance with generally accepted actuarial practices and principles over the term of the applicable credit advanced on the basis of annual compounding of the lawfully permitted rate of interest and, in the event of
dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Global Agent will be conclusive for the purposes of such determination. The amount of the payment that is to be refunded will be determined by the Global
Agent. 
 Section 11.23 Judgment Currency. If the Global Agent, on behalf of the Lenders, obtains a judgment or
judgments against any Borrower in a Designated Foreign Currency or Canadian Dollars, the obligations of such Borrower in respect of any sum adjudged to be due to the Global Agent or the Lenders hereunder or under the Notes (the “Judgment
Amount”) shall be discharged only to the extent that, on the Business Day following receipt by the Global Agent of the Judgment Amount in the Designated Foreign Currency or Canadian Dollars, as applicable, the Global Agent, in accordance
with normal banking procedures, may purchase Dollars with the Judgment Amount in such Designated Foreign Currency or Canadian Dollars, as applicable. If the amount of Dollars so purchased is less than the amount of Dollars that could have been
purchased with the Judgment Amount on the date or dates the Judgment Amount (excluding the portion of the Judgment Amount which has accrued as a result of the failure of such Borrower to pay the sum originally due hereunder or under the Notes when
it was originally due hereunder or under the Notes) was originally due and owing (the “Original Due Date”) to the Global Agent or the Lenders hereunder or under the Notes (the “Loss”), such Borrower agrees as a
separate obligation and notwithstanding any such judgment, to indemnify the Global Agent or such Lender, as the case may be, against the Loss, and if the amount of Dollars so purchased exceeds the amount of Dollars that could have been purchased
with the Judgment Amount on the Original Due Date, the Global Agent or such Lender agrees to remit such excess to such Borrower. 
 Section 11.24 Press Releases and Related Matters. The Parent and each Borrower hereby each agree that the Global Agent, the Syndication Agent or any Documentation Agent may use the name, logo
or other identifying information or trademark of the Parent or any Borrower solely in connection with a 

  
 104









 
press release, “tombstone” or similar advertisements, or in connection with other disclosure to the “gold Sheets” or similar bank trade publications with respect to this
Agreement. 
 Section 11.25 Agreement of Borrowers. Anything to the contrary contained herein notwithstanding, any
agreement, consent or undertaking contained herein that is applicable to a Borrower other than the Company shall only take effect as to such Borrower other than the Company upon and by virtue of the execution and delivery by such Borrower of a
Joinder Agreement as contemplated by Section 5.02. 
 Section 11.26 Patriot Act Notification. Each Lender that
is subject to the Act (defined hereafter) and the Global Agent (for itself and not on behalf of any Lender) hereby notifies each Borrower that pursuant to the requirements of USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law on
October 26, 2001)(the “Act”), it is required to obtain, verify and record information that identities the Borrowers, which information includes the name and address of each Borrower and other information that will allow such Lender or
the Global Agent, as applicable, to identify each Borrower in accordance with the Act. 
 Section 11.27 Continuing
Effect of Loan Documents. The parties hereto agree that, on the Closing Date, without further action by any party hereto: (a) the Existing Credit Agreement is amended and restated in its entirety in the form of this Agreement; (b) all
obligations outstanding under the Existing Credit Agreement, to the extent not paid on the Closing Date, shall be Obligations outstanding hereunder; (c) each Loan Document shall remain in full force and effect with respect to the Obligations
and are hereby reaffirmed; (d) all references in the other Loan Documents to the Existing Credit Agreement shall be deemed to refer without further amendment to this Agreement; and (e) all references in the other Loan Documents to a
“Lender” or the “Global Agent” shall mean such terms as defined in this Agreement. 
 Section 11.28
No Novation. The parties acknowledge and agree that this Agreement and the other Loan Documents do not constitute a novation, payment and reborrowing or termination of the Existing Credit Agreement or the obligations thereunder and that the
Existing Credit Agreement and all such obligations are in all respects continued and outstanding as Obligations under this Agreement and the Notes with only the terms being modified from and after the effective date of this Agreement as provided in
this Agreement, the Notes and the other Loan Documents. 
 Section 11.29 Restated Closing Date Assignments. To the
extent necessary to give effect to the Loan and Commitment allocations set forth on Schedule 1 attached hereto, the Lenders signatory hereto hereby agree to sell and assign to each other Lender, on the date hereof, without recourse, representation
or warranty (other than the representation and warranty that such assigning Lender is the legal and beneficial owner of the portion of the Commitments and Loan so assigned, free and clear of any adverse claim), and each such other Lender hereby
purchases and assumes from such assigning Lenders, a percentage interest in the Facility Commitment in the amounts required to give effect to the allocations set forth on Schedule 1 attached hereto. The Lenders signatory hereto hereby agree to
effect such inter-Lender transfers, on the Closing Date, to give effect to the respective allocations set forth on such Schedule 1. 
 [Remainder of page intentionally left blank.] 

  
 105









 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Agreement to
be duly executed and delivered as of the date first above written. 
  

			
	 ABERCROMBIE & FITCH MANAGEMENT
CO.




			
		
	 By:
	 	 /S/ EVERETT
GALLAGHER




			
	 Name:
	 	Everett Gallagher



			
	 Title:
	 	Vice President & Treasurer
	
	 ABERCROMBIE & FITCH
CO.




			
		
	 By:
	 	 /S/ EVERETT
GALLAGHER




			
	 Name:
	 	Everett Gallagher



			
	 Title:
	 	Senior Vice President – Tax, Treasury and
	 Risk Management &
Treasurer




			
	
	 AFH CANADA STORES
CO.




			
		
	 By:
	 	 /S/ EVERETT
GALLAGHER




			
	 Name:
	 	Everett Gallagher



			
	 Title:
	 	Vice President & Treasurer



			
	
	 ABERCROMBIE & FITCH (UK)
LIMITED




			
		
	 By:
	 	 /S/ ALVARO
BELLON




			
	 Name:
	 	 Alvaro Bellon




			
	 Title:
	 	Director



			
	
	 HOLLISTER CO. (UK)
LTD




			
		
	By:	 	 /S/ ALVARO
BELLON




			
	Name:	 	Alvaro Bellon



			
	Title:	 	Director



			
	
	 ABERCROMBIE & FITCH EUROPE
S.A.




			
		
	 By:
	 	 /S/ ALVARO
BELLON




			
	 Name:
	 	



			
	 Title:
	 	Chairman of the Board and Managing Director


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 







 AFH JAPAN, G.K. 

[seal] 
 



 
 Name: Takehiko Fukuoka 

Title: Executive Manager 
 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co.









					
	 Address:
	  	 155 East Broad Street

Columbus, Ohio 43215
	 	 PNC BANK, NATIONAL ASSOCIATION,

as Global Agent, an LC Issuer, the Swing Line

Lender, and a Lender

			
		  		 	 By: /S/ THOMAS E. REDMOND            

Name: Thomas E. Redmond
 Title: Senior Vice
President

			
	 Address:
	  	 130 King Street West, Suite 2140

Toronto ON M5X 1E4
	 	 PNC BANK, NATIONAL ASSOCIATION,

CANADA BRANCH, as a Canadian Lender

			
		  		 	 By: /S/ MIKE
DANBY                            
 Name: Mike Danby
 Title: Assistant Vice President

			
		  		 	 By: /S/ BILL
HINES                                

Name: Bill Hines
 Title: Regional President—Canada


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 








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

			
		  		 	 By: /S/ BRENDAN
KORB                        
 Name: Brendan Korb
 Title: Vice President

			
		  		 	 JPMORGAN CHASE BANK, N.A., TORONTO
 BRANCH, as a Canadian Lender

			
		  		 	 By: /S/ BRENDAN
KORB                                    

Name: Brendan Korb
 Title: Vice
President


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 








					
	 Address:
	  	 38 Fountain Sq. Plaza

Cincinnati, OH 45263
	 	FIFTH THIRD BANK
			
		  		 	 By: /S/ MICHAEL J. SCHALTZ, JR.
 Name: Michael J. Schaltz, Jr.
 Title: Vice President


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 








					
	 Address:
	  	 41 South High Street

Columbus, OH 43287
	 	THE HUNTINGTON NATIONAL BANK
			
		  		 	 By: /S/ AMANDA M. SIGG

Name: Amanda M. Sigg
 Title: Vice
President


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 








					
	 Address:
	 	 One Bryant Park, 34th floor

New York, NY 10036
	    	BANK OF AMERICA, N.A.
			
		 		    	 By: /S/ JAMIE ENG

Name: Jamie Eng
 Title: Vice
President


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 








					
	 Address:
	  	 525 William Penn Place

Suite 153-2910 
 Pittsburgh, PA
15219
	    	CITIZENS BANK OF PENNSYLVANIA
			
		  		    	 By: /S/ DEBRA L. MCALLONIS            

Name: Debra L. McAllonis
 Title: Senior Vice
President


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 








					
	 Address:
	 	 227 Park Avenue
 New
York, NY 10172
	    	 SUMITOMO MITSUI BANKING

CORPORATION

			
		 		    	 By: /S/ SHUJI
YABE                                    

Name: Shuji Yabe
 Title: General
Manager


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 








					
	 Address:
	 	 425 Walnut Street, 8th Floor

Cincinnati, OH 45202
	    	U.S. BANK NATIONAL ASSOCIATION
			
		 		    	 By: /S/ FRANCES W. JOSEPHIC        

Name: Frances W. Josephic
 Title: Vice
President


 Signature Page to 
 Credit Agreement for Abercrombie & Fitch Management Co. 







 Schedule 1 
 Lenders and Commitments 
  

																	
	 Lender
	  	Facility Commitment	 	  	Fixed Commitment
Percentage as of
the Closing Date	 	 	Canadian
Sub-Facility
Commitment	 	  	Canadian
Commitment
Percentage as of
the Closing Date	 
					
	 PNC Bank, National Association
	  	$	70,000,000	  	  	 	20	% 	 	 	N/A	  	  	 	N/A	  
					
	 PNC Bank, National Association, Canada Branch
	  	 	N/A	  	  	 	N/A	  	 	$	12,500,000	  	  	 	50.000000000	% 
					
	 JPMorgan Chase Bank, N.A.
	  	$	70,000,000	  	  	 	20	% 	 	 	N/A	  	  	 	N/A	  
					
	 JPMorgan Chase Bank, N.A., Toronto Branch
	  	 	N/A	  	  	 	N/A	  	 	$	12,500,000	  	  	 	50.000000000	% 
					
	 Fifth Third Bank
	  	$	45,000,000	  	  	 	12.8571428571	% 	 	 	N/A	  	  	 	N/A	  
					
	 The Huntington National Bank
	  	$	45,000,000	  	  	 	12.8571428571	% 	 	 	N/A	  	  	 	N/A	  
					
	 Bank of America, N.A.
	  	$	30,000,000	  	  	 	8.5714285714	% 	 	 	N/A	  	  	 	N/A	  
					
	 U.S. Bank National Association
	  	$	30,000,000	  	  	 	8.5714285714	% 	 	 	N/A	  	  	 	N/A	  
					
	 Citizens Bank of Pennsylvania
	  	$	30,000,000	  	  	 	8.5714285714	% 	 	 	N/A	  	  	 	N/A	  
					
	 Sumitomo Mitsui Banking Corporation
	  	$	30,000,000	  	  	 	8.5714285714	% 	 	 	N/A	  	  	 	N/A	  
	 Total:
	  	$	350,000,000.00	  	  	 	100.000000000	% 	 	$	25,000,000.00	  	  	 	100.00	% 








 Schedule 2 
 Subsidiary Guarantors 
 Abercrombie & Fitch Holding Corporation 

Abercrombie & Fitch Fulfillment Company 

Abercrombie & Fitch Distribution Company 

A&F Trademark, Inc. 
 J.M.H. Trademark, Inc.

 Abercrombie & Fitch Trading Co. 
 Abercrombie & Fitch Procurement Services, LLC 
 Abercrombie & Fitch Stores, Inc.

 J.M. Hollister, LLC 
 RUEHL
No. 925, LLC 
 Hollister Co. 

Gilly Hicks, LLC 
 Abercrombie & Fitch
International, Inc. 
 Fan Company, LLC 

Canoe, LLC 
 Crombie, LLC 

DFZ, LLC 
 AFH Puerto Rico LLC 

A&F Canada Holding Co. 







 Schedule 3 
 Existing Letters of Credit 
  

															
	 Huntington National Bank
	  	Issue Date	 	  	Expires	 	  	 	  	 Estimated USD

Equiv. ($6.4683)
	 
					
	 1. Bank of China-Beijing/Customs A&F Trademark (#OSB.007119)
	  	 	12/9/2009	  	  	 	7/30/11	  	  	200,000 CNY	  	$	31,026.99	  
					
	 2. Bank of China-Beijing/Customs J.M.H. Trademark, Inc. (#OSB.007120)
	  	 	12/9/2009	  	  	 	7/30/11	  	  	200,000 CNY	  	$	31,026.99	  
					
	 3. Bank of China-Beijing/Customs A&F Trademark (#OSB.007461)
	  	 	11/01/2010	  	  	 	7/30/12	  	  	200,000 CNY	  	$	31,026.99	  
					
	 4. Bank of China-Beijing/Customs J.M.H. Trademark, Inc. (#OSB.007462)
	  	 	11/01/2010	  	  	 	7/30/12	  	  	200,000 CNY	  	$	31,026.99	  
					
		  				  				  	Total	  	$	124,107.96	  








 Schedule 4 
 Mandatory Costs 
  

	1.	The “Mandatory Cost” is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of
England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank. 


 

	2.	On the first day of each Interest Period (or as soon as possible thereafter) the Global Agent shall calculate, as a percentage rate, a rate (the “Additional
Cost Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory Cost will be calculated by the Global Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the
percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage rate per annum. 

  

	3.	The Additional Cost Rate for any Lender lending from a Foreign Lending Office in a Participating Member State will be the percentage notified by that Lender to the
Global Agent. This percentage will be certified by that Lender in its notice to the Global Agent to be its reasonable determination of the cost (expressed as a percentage of that Lender’s participation in all Loans made from that Foreign
Lending Office) of complying with the minimum reserve requirements of the European Central Bank in respect of loans made from that Foreign Lending Office. 

  


	4.	The Additional Cost Rate for any Lender lending from a Foreign Lending Office in the United Kingdom will be calculated by the Global Agent as follows:


  

	 	(a)	in relation to a Loan denominated in British Pounds: 

  

					
		 	
AB + C (B – D) + E × 
0.01
	 	percent per annum
		 	100 – (A + C)	 

  

	 	(b)	in relation to a Loan denominated in any currency other than British pounds: 


 

					
		 	 E × 0.01
	 	percent per annum.
		 	300	 

 Where: 
 A is the percentage of Eligible Liabilities (assuming these to be in excess of any stated minimum) which that Lender is from time to time required to maintain as an interest free cash ratio deposit with
the Bank of England to comply with cash ratio requirements. 
 B is the percentage rate of interest (excluding
the Applicable Margin and the Mandatory Cost and, if an Event of Default has occurred and is continuing, the Default Rate). 
 C is the percentage (if any) of Eligible Liabilities which that Lender is required from time to time to maintain as interest bearing Special Deposits with the Bank of England. 

D is the percentage rate per annum payable by the Bank of England to the Global Agent on interest bearing Special
Deposits. 
 E is designed to compensate Lenders for amounts payable under the Fees Rules and is calculated by
the Global Agent as being the average of the most recent rates of charge supplied by 







 
the Reference Banks to the Global Agent pursuant to paragraph 7 below and expressed in pounds per £1,000,000. 

 

	5.	For the purposes of this Schedule: 

  

	 	(a)	“Eligible Liabilities” and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of
England Act 1998 or (as may be appropriate) by the Bank of England; 

  

	 	(b)	“Fees Rules” means the rules on periodic fees contained in the FSA Supervision Manual or such other law or regulation as may be in force from time to
time in respect of the payment of fees for the acceptance of deposits; 

  

	 	(c)	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated
fee required pursuant to the Fees Rules but taking into account any applicable discount rate); 

  

	 	(d)	“Participating Member State” means any member state of the European Communities that adopts or has adopted the euro as its lawful currency in
accordance with legislation of the European Community relating to the Economic and Monetary Union; and 

  

	 	(e)	“Tariff Base” has the meaning given to it in, and will be calculated in accordance with, the Fees Rules. 


 

	6.	In application of the above formula, A, B, C and D will be included in the formula as percentages (i.e. 5 percent will be included in the formula as 5 and not as 0.05).
A negative result obtained by subtracting D from B shall be taken as zero. The resulting figures shall be rounded to four decimal places. 

  

	7.	If requested by the Global Agent, each Reference Bank shall, as soon as practicable after publication by the Financial Services Authority, supply to the Global Agent,
the rate of charge payable by that Reference Bank to the Financial Services Authority pursuant to the Fees Rules in respect of the relevant financial year of the Financial Services Authority (calculated for this purpose by that Reference Bank as
being the average of the Fee Tariffs applicable to that Reference Bank for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base of that Reference Bank. 


 

	8.	Each Lender shall supply any information required by the Global Agent for the purpose of calculating its Additional Cost Rate. In particular, but without limitation,
each Lender shall supply the following information on or prior to the date on which it becomes a Lender: 

  

	 	(a)	the jurisdiction of its Foreign Lending Office; and 

  

	 	(b)	any other information that the Global Agent may reasonably require for such purpose. 


Each Lender shall promptly notify the Global Agent of any change to the information provided by it pursuant to this paragraph. 

 

	9.	 The percentages of each Lender for the purpose of A and C above and the rates of charge of each Reference Bank for the purpose of E above shall be
determined by the Global Agent based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the assumption that, unless a Lender notifies the Global Agent to the contrary, each Lender’s obligations in relation to











	 	
cash ratio deposits and Special Deposits are the same as those of a typical bank from its jurisdiction of incorporation with a Foreign Lending Office in the same jurisdiction as its Foreign
Lending Office. 

  

	10.	The Global Agent shall have no liability to any person if such determination results in an Additional Cost Rate which over or under compensates any Lender and shall be
entitled to assume that the information provided by any Lender or Reference Bank pursuant to paragraphs 3, 7 and 8 above is true and correct in all respects. 


 

	11.	The Global Agent shall distribute the additional amounts received as a result of the Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each
Lender based on the information provided by each Lender and each Reference Bank pursuant to paragraphs 3, 7 and 8 above. 

  

	12.	Any determination by the Global Agent pursuant to this Schedule in relation to a formula, the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender
shall, in the absence of manifest error, be conclusive and binding on all Parties. 

  

	13.	The Global Agent may from time to time, after consultation with the Company and the Lenders, determine and notify to all parties any amendments which are required to be
made to this Schedule in order to comply with any change in law, regulation or any requirements from time to time imposed by the Bank of England, the Financial Services Authority or the European Central Bank (or, in any case, any other authority
which replaces all or any of its functions) and any such determination shall, in the absence of manifest error be conclusive and binding on all parties. 








 Schedule 4.06 
 Disclosed Matters 
 On December 21, 2007, Spencer de la Cruz, a former employee, filed
an action against Abercrombie & Fitch Co. and Abercrombie & Fitch Stores, Inc. (collectively, “Defendants”) in the Superior Court of Orange County, California. He sought to allege, on behalf of himself and a putative
class of past and present employees in the period beginning on December 19, 2003, claims for failure to provide meal breaks, for waiting time penalties, for failure to keep accurate employment records, and for unfair business practices. By
successive amendments, plaintiff added 10 additional plaintiffs and additional claims seeking injunctive relief, unpaid wages, penalties, interest, and attorneys’ fees and costs. Defendants have denied the material allegations of
plaintiffs’ complaints throughout the litigation and have asserted numerous affirmative defenses. On July 23, 2010, plaintiffs moved for class certification in the action. On December 9, 2010, after briefing and argument, the trial
court granted in part and denied in part plaintiffs’ motion, certifying sub-classes to pursue meal break claims, meal premium pay claims, work related travel claims, travel expense claims, termination pay claims, reporting time claims, bag
check claims, pay record claims, and minimum wage claims. The parties are continuing to litigate questions relating to the Court’s certification order and to the merits of plaintiffs’ claims. 







 Schedule 4.12 
 Ownership Interests * 
  

			
	Subsidiaries of Abercrombie & Fitch Co.:	  	 Jurisdiction:

	Abercrombie & Fitch Holding Corporation (a)	  	Delaware
	Abercrombie & Fitch Fulfillment Company (b)	  	Ohio
	Abercrombie & Fitch Distribution Company (b)	  	Ohio
	Abercrombie & Fitch Management Co. (b)	  	Delaware
	A&F Trademark, Inc. (c)	  	Delaware
	Abercrombie & Fitch Stores, Inc. (c)	  	Ohio
	Hollister Co. (c)	  	Delaware
	Abercrombie & Fitch International, Inc. (c)	  	Delaware
	Fan Company, LLC (c)	  	Ohio
	Canoe, LLC (c)	  	Ohio
	Crombie, LLC (c)	  	Ohio
	DFZ, LLC (c)	  	Ohio
	JMH Trademark, Inc. (d)	  	Delaware
	J.M. Hollister, LLC (e)	  	Ohio
	Ruehl No. 925, LLC (e)	  	Ohio
	Gilly Hicks LLC (e)	  	Ohio
	Abercrombie & Fitch Europe SA (f)	  	Switzerland
	Abercrombie & Fitch Hong Kong Limited (f)	  	Hong Kong
	AFH Puerto Rico LLC (f)	  	Ohio (Qualified in PR)
	A&F Canada Holding Co (f)	  	Delaware
	Abercrombie & Fitch Trading Co. (g)	  	Ohio
	AFH Canada Stores Co. (h)	  	Nova Scotia
	AFH Japan GK (i)	  	Japan
	Abercrombie & Fitch Italia S.R.L. (i)	  	Italy
	Abercrombie & Fitch (UK) Limited (i)	  	United Kingdom
	Hollister Co. (UK) Ltd. (i)	  	United Kingdom
	Abercrombie & Fitch (France) SAS (i)	  	France
	Abercrombie & Fitch (Denmark) ApS (i)	  	Denmark
	Abercrombie & Fitch (Spain) S.L. (i)	  	Spain
	Abfico Netherlands Distribution B.V. (i)	  	The Netherlands
	European Regional Inventory Control NL B.V. (i)	  	The Netherlands
	AFH Hong Kong Limited (i)	  	Hong Kong
	A&F Hollister Ireland Limited (i)	  	Ireland
	AFH Hong Kong Stores, Limited (i)	  	Hong Kong
	AFH Singapore Pte. Ltd. (i)	  	Singapore
	A&F HCo Stores AT GmbH (i)	  	Austria
	AFH Belgium SPRL (i)*	  	Belgium
	AFH Korea Yuhan Hoesa (i)	  	South Korea
	AFH Poland Sp. Z o.o (i)	  	Poland
	AFHCo Stores NL BV (i)	  	The Netherlands
	AFH Switzerland SA (i)	  	Switzerland
	AFH Fulfillment NL BV (i)	  	The Netherlands
	AFH TR Perakende Satis Limited Sirketi**	  	Turkey
	Abercrombie & Fitch Procurement Services, LLC (j)	  	Ohio









			
	Abercrombie & Fitch Design Limited (j)	  	United Kingdom
	Hollister Co. California, LLC (j)	  	California
	AFH Germany GmbH (k)	  	Germany
	AFH Sweden Aktiebolag (k)	  	Sweden
	AFH Trading (Shanghai) Co., Ltd. (l)	  	China
	AFH International Trading Shanghai Co., Ltd.	  	China

 (a) Wholly-owned subsidiary of Abercrombie & Fitch Co., the registrant 

(b) Wholly-owned subsidiary of Abercrombie & Fitch Holding Corporation 
 (c) Wholly-owned subsidiary of Abercrombie & Fitch Management Co. 
 (d) Wholly-owned
subsidiary of A&F Trademark, Inc. 
 (e) Wholly-owned subsidiary of Abercrombie & Fitch Stores, Inc. 

(f) Wholly-owned subsidiary of Abercrombie & Fitch International, Inc. 
 (g) Wholly-owned subsidiary of J.M.H. Trademark, Inc. 
 (h) Wholly-owned subsidiary of A&F
Canada Holding Co. 
 (i) Wholly-owned subsidiary of Abercrombie & Fitch Europe SA 

(j) Wholly-owned subsidiary of Abercrombie & Fitch Trading Co. 
 (k) Wholly-owned subsidiary of Abfico Netherlands Distribution B.V. 
 (l) Wholly-owned subsidiary
of AFH Hong Kong Limited 
 * Abfico Netherlands Distribution B.V. owns two shares (EUR 200.00) of AFH Belgium SPRL. Abercrombie &
Fitch Europe SA owns the remaining 79,998 shares. 
 ** Abfico Netherlands Distribution B.V. owns one share (TL 50) of AFH TR Perkande Satis
Limited Sirketi. Abercrombie & Fitch Europe SA owns the remaining 99 shares. 







 Schedule 5 
 Schedule 5 Foreign Subsidiaries 
 Any Subsidiary organized under the laws of
England & Wales, Canada (or any province thereof), Switzerland, the Netherlands, Luxembourg or Japan, other than the Foreign Subsidiary Borrowers party hereto as of the Closing Date. 







 Schedule 7.01 
 Parent/Company Indebtedness in excess of $1M 
 None 







 Schedule 7.02 
 Liens 
 None 







 Execution Version 

EXHIBIT A-1 

FORM OF [AMENDED AND RESTATED] REVOLVING FACILITY NOTE 
  

			
	
$                    
	  	Cleveland, Ohio
		  	            , 20    

 FOR VALUE RECEIVED, the undersigned
[                    ] (herein, together with its successors and assigns, the “Borrower”), hereby promises to pay to the order of
                     (the “Lender”), [in lawful money of the United States of America or in the applicable Designated Foreign
Currency] [in Canadian Dollars] (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Credit Agreement referred to below) and in immediately available funds, at the Payment Office of PNC
BANK, NATIONAL ASSOCIATION (the “Global Agent”) [for the benefit of the Canadian Administrative Branch], the principal sum of
                     ($         ) or, if less, the then unpaid principal amount of all Revolving Loans
made by the Lender to the Borrower pursuant to the Credit Agreement, on the Credit Facility Termination Date. 
 The Borrower
also promises to pay interest in like currency and funds at the Payment Office on the unpaid principal amount of each Revolving Loan made by the Lender from the date of such Revolving Loan until paid at the rates and at the times provided in
Section 2.09 of the Credit Agreement. 
 This [Amended and Restated] Revolving Facility Note is one of the Notes referred
to in the Amended and Restated Credit Agreement, dated as of July     , 2011, among Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party
thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation
agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”), and is entitled to the benefits thereof and of the other Loan
Documents. 
 In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this [Amended
and Restated] Revolving Facility Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement. 
 The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this [Amended and Restated] Revolving Facility Note. No failure to exercise, or delay in exercising, any
rights hereunder on the part of the holder hereof shall operate as a waiver of any such rights. 
 [This [Amended and Restated]
Revolving Facility Note is given in amendment, restatement, renewal and extension (but not in novation or cancellation) of that certain Revolving Facility Note, dated as of April 15, 2008, by Abercrombie & Fitch Management Co., in
favor of [            ] in the original principal amount of [            ] (the “Original Revolving Note”).
Delivery of this [Amended and Restated] Revolving Facility Note does not extinguish the indebtedness or liabilities of Abercrombie & Fitch Management Co. arising under the Original Revolving Note, nor does it constitute a novation or
payment of such indebtedness or liabilities.][or refer to applicable existing Foreign Subsidiary Note.] 

  
 A-1-1









 This [Amended and Restated] Revolving Facility Note shall be construed in accordance with
and be governed by the laws of the State of Ohio, without regard to principles of conflict of law. 

  
 2 








 THE UNDERSIGNED HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS [AMENDED AND RESTATED] REVOLVING FACILITY NOTE, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

 

			
	[                           
                                         
                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 A-1-2









 EXHIBIT A-2 
 FORM OF AMENDED AND RESTATED SWING LINE NOTE 
  

			
	 $        
	  	Cleveland, Ohio
		  	            , 20    

 FOR VALUE RECEIVED, the undersigned ABERCROMBIE & FITCH MANAGEMENT CO., a Delaware corporation
(herein, together with its successors and assigns, the “Company”), hereby promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Swing Line Lender”), in lawful money of (such term and certain other terms used herein
without definition shall have the meanings ascribed thereto in the Credit Agreement referred to below) the United States of America or in the applicable Designated Foreign Currency and in immediately available funds, at the Payment Office (such term
and certain other terms used herein without definition shall have the meanings ascribed thereto in the Credit Agreement referred to below) of the Swing Line Lender, the principal sum of
                     ($        ) or, if less, the then unpaid principal amount of all Swing Loans made
by the Swing Line Lender to the Company pursuant to the Credit Agreement, on the Swing Loan Maturity Date applicable to each such Swing Loan. 
 The Company promises also to pay interest in like currency and funds at the Payment Office on the unpaid principal amount of each Swing Loan made by the Swing Line Lender from the date of such Swing Loan
until paid at the rates and at the times provided in Section 2.09 of the Credit Agreement. 
 This Amended and Restated
Swing Line Note is one of the Notes referred to in the Amended and Restated Credit Agreement, dated as of July     , 2011, among Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto,
Abercrombie & Fitch Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the
Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”), and is
entitled to the benefits thereof and of the other Loan Documents. 
 In case an Event of Default shall occur and be continuing,
the principal of and accrued interest on this Amended and Restated Swing Line Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement. 

The Company hereby waives presentment, demand, protest or notice of any kind in connection with this Amended and Restated Swing Line
Note. No failure to exercise, or delay in exercising, any rights hereunder on the part of the holder hereof shall operate as a waiver of any such rights. 
 This Amended and Restated Swing Line Note is given in amendment, restatement, renewal and extension (but not in novation or cancellation) of that certain Swing Line Note, dated as of April 15, 2008,
by the Company in favor of PNC Bank, National Association (the “Original Swing Line Note”). Delivery of this Amended and Restated Note does not extinguish the indebtedness or liabilities of the Company arising under the Original
Swing Line Note, nor does it constitute a novation or payment of such indebtedness or liabilities. 
 This Amended and Restated
Swing Line Note shall be construed in accordance with and be governed by the laws of the State of Ohio, without regard to principles of conflict of law. 

  
 A-2-1









 THE UNDERSIGNED HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AMENDED AND RESTATED SWING LINE NOTE, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

 

			
	
[                        
                                         
                   ]

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  




  
 A-2-2









 EXHIBIT B-1 
 FORM OF 
 NOTICE OF BORROWING, CONTINUATION OR CONVERSION 

 

			
	 TO:
	  	 PNC Bank, National Association, as Global Agent
 PNC Firstside Center - 4th Floor
 500 First Avenue

		  	 Pittsburgh, Pennsylvania 15219
 Telephone No.: (412) 412-762-6442
 Telecopier No.: (412) 412-762-8672

		  	Attention: Lisa Pierce
		
	 FROM:
	  	Abercrombie & Fitch Management Co. or any Foreign Subsidiary Borrower
		
	 RE:
	  	Amended and Restated Credit Agreement, dated as of July     , 2011 (as may be further amended, restated or otherwise modified from time to time, the
“Credit Agreement”), among Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, PNC Bank, National Association (the “Global
Agent”), PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent
and The Huntington National Bank, as co-documentation agent.

 Ladies and Gentlemen: 
 The undersigned, [Abercrombie & Fitch Management Co., a Delaware corporation] [Canadian Borrower] [Foreign Revolving Facility Borrower] (the “Borrower”), refers to the Credit
Agreement (the terms defined therein being used herein as therein defined), hereby gives you notice, irrevocably, pursuant to [Section 2.06(b)] [Section 2.10(c)]of the Credit Agreement, that the undersigned hereby requests [a
[conversion][continuation] of] one or more Borrowings under the Credit Agreement, and in that connection therewith sets forth on Annex I hereto the information relating thereto (collectively the “Proposed
[Borrowing][Conversion][Continuation]”) as required by [Section 2.06(b)] [Section 2.10(c)] of the Credit Agreement. 
 [The undersigned
hereby specifies that the Proposed Borrowing will consist of Loans as provided in Annex I attached hereto.] 
 The undersigned hereby certifies
that the following statements are true on the date hereof, and will be true on the date of the Proposed [Borrowing][Conversion][Continuation]: 
 (A) the representations and warranties of each of the Parent and the Company contained in the Credit Agreement are and will be true and correct, before and after giving effect to the Proposed
[Borrowing][Conversion][Continuation] [and to the application of the proceeds thereof], as though made on such date, except to the extent that such representation or warranty is limited to a particular date, in which instance, such representation or
warranty shall be true and correct on and as of such other date; 
 (B) no Default or Event of Default has occurred and is
continuing, or would result from such Proposed [Borrowing][Conversion][Continuation] [or from the application of the proceeds thereof]; 

  
 B-1-1









 (C) the Credit Parties have performed and complied with all covenants and conditions of such
Persons under the Credit Agreement and the other Loan Documents; 
 (D) the making of such Loan shall not contravene any law
applicable to the undersigned, any other Credit Party, any Subsidiary of the undersigned, or any Lender; and 
 (E) the making
of such Loan shall not cause the Aggregate Credit Facility Exposure to exceed the Maximum Credit Facility Amount. 

[SIGNATURE PAGE FOLLOWS] 

  
 B-1-2









 [SIGNATURE PAGE 1 OF 1 TO NOTICE OF BORROWING, CONTINUATION OR 

CONVERSION] 
 The Borrower certifies to the Global Agent for the benefit of the Lenders as to the accuracy of the foregoing on             ,
20    . 
  

			
	 BORROWER:

	
	 [SELECT APPLICABLE BORROWER]

	
	 [ABERCROMBIE & FITCH MANAGEMENT CO.]

		
	 By:
	 	 ,

	 Name:
	 	 ,

	 Title:
	 	 ,

	
	[AFH CANADA STORES CO.]
		
	 By:
	 	 ,

	 Name:
	 	 ,

	 Title:
	 	 ,

	
	 [ABERCROMBIE & FITCH (UK) LIMITED]

		
	 By:
	 	 ,

	 Name:
	 	 ,

	 Title:
	 	 ,

	
	 [ABERCROMBIE & FITCH EUROPE S.A.]

		
	 By:
	 	 ,

	 Name:
	 	 ,

	 Title:
	 	 ,

	
	 [AFH JAPAN, G.K.]

		
	 By:
	 	 ,

	 Name:
	 	 ,

	 Title:
	 	 ,

	
	 [HOLLISTER CO. (UK) LTD]

		
	 By:
	 	 ,

	 Name:
	 	 ,

	 Title:
	 	 ,



  

  
 B-1-3









 ANNEX I 

 

							
	A.	 	Pursuant to [Section 2.06(b)] [Notice of Borrowing][Section 2.10(c)][Notice of Continuation and Conversion] of the Credit Agreement, the undersigned irrevocably request
[check one line under 1.(a) below and fill in blank space next to the line as appropriate]:
				
		 	1(a)(i)	  	            	  	A new [US Base Rate Loan[s]][Eurodollar Loan[s]] [Foreign Currency Loan[s]] [Canadian Prime Rate Loan[s]][BA Equivalent Loan[s]], OR
				
		 	(ii)	  	            	  	Continuation of the Eurodollar Loan originally made on             , 20    , OR
				
		 	(iii)	  	            	  	Continuation of the Foreign Currency Loan originally made on             , 20    ,
OR
				
		 	(iv)	  	            	  	Continuation of the BA Equivalent Loan originally made on             , 20    , OR
				
		 	(v)	  	            	  	Conversion of the US Base Rate Loan originally made on             , 20     to a Loan to which the
Adjusted Eurodollar Rate applies, OR
				
		 	(vi)	  	            	  	Conversion of the Eurodollar Loan originally made on             , 20     to a Loan to which the Base
Rate applies.
				
		 	(vii)	  	            	  	Conversion of the BA Equivalent Loan originally made on             , 20     to a Loan to which the
Canadian Prime Rate applies.
				
		 	(viii)	  	            	  	Conversion of a Canadian Prime Rate Loan originally made on             , 20     to a Loan to which
the BA Equivalent Rate applies.
		
		 	 SUCH NEW, CONTINUED OR CONVERTED LOAN SHALL BEAR INTEREST IN ACCORDANCE WITH THE CREDIT AGREEMENT AS A:

 
 [Check one line under 1.(b) below and fill in blank spaces in line next to
line]:

				
		 	1(b)(i)	  	             
	  	US Base Rate Loan. Such Loan shall have a Borrowing Date of             , 20     (which date shall be
(i) no earlier than the same Business Day of delivery to the Global Agent by 11:00 a.m. eastern time of this Notice of [Borrowing][Continuation or Conversion] for making a new Revolving Loan to which the Base Rate Option applies, or
(ii) the last day of the preceding Interest Period if a Loan to which the Adjusted Eurodollar Rate applies is being converted to a Loan to which the Base Rate applies).

 OR 

  
 B-1-4










							
	      	 	(ii)	  	            	  	Eurodollar Loan. Such Loan shall have a Borrowing Date of             , 20     (which date shall be
no earlier than three (3) Business Days subsequent to the Business Day of delivery to the Global Agent by 11:00 a.m. eastern time of this Notice of [Borrowing][Continuation or Conversion] for making a new Revolving Loan to which the
Adjusted Eurodollar Rate applies, renewing a Loan to which the Adjusted Eurodollar Rate applies, or converting a Loan to which the Base Rate applies to a Loan to which the Adjusted Eurodollar Rate applies).
				
		 	(iii)	  	            	  	Foreign Currency Loan. Such Loan shall have a Borrowing Date of             , 20     (which date
shall be no earlier than three (3) Business Days subsequent to the Business Day of delivery to the Global Agent by 11:00 a.m. eastern time of this Notice of [Borrowing][Continuation or Conversion] for making a new Revolving Loan to which
the Adjusted Foreign Currency Rate applies or renewing a Loan to which the Adjusted Foreign Currency Rate applies).
				
		 	(iv)	  	            	  	Canadian Prime Rate Loan. Such Loan shall have a Borrowing Date of             , 20     (which date
shall be (i) no earlier than the same Business Day of delivery to the Global Agent by 11:00 a.m. eastern time of this Notice of [Borrowing][Continuation or Conversion] for making a new Revolving Loan to which the Canadian Prime Rate
applies, or (ii) the last day of the preceding Interest Period if a Loan to which the BA Equivalent Rate applies is being converted to a Loan to which the Canadian Prime Rate applies).
				
		 	(v)	  	            	  	BA Equivalent Loan. Such Loan shall have a Borrowing Date of             , 20     (which date shall
be no earlier than three (3) Business Days subsequent to the Business Day of delivery to the Global Agent by 11:00 a.m. eastern time of this Loan Request for making a new Revolving Loan to which the BA Equivalent Rate applies, renewing a
Loan to which the BA Equivalent Rate applies, or converting a Loan to which the Canadian Prime Rate applies to a Loan to which the BA Equivalent Rate applies.


  
 B-1-5










							
				
		  	2	  		  	 Such Loan is in the principal amount of.
$                     or the principal amount to be renewed or converted is
$                    
  

[for Revolving Loans under Section 2.06(b) not to be less than (i) with respect to any US Base Rate Loan, $5,000,000 (or the Dollar Equivalent thereof
in any Designated Foreign Currency), with minimum increments thereafter of $1,000,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency), (ii) with respect to any Eurodollar Loan or Foreign Currency Loan, $5,000,000 (or the Dollar
Equivalent thereof in any Designated Foreign Currency), with minimum increments thereafter of $1,000,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency), (iii) with respect to any Canadian Prime Rate Loan, C$5,000,000, with
minimum increments thereafter of C$1,000,000, and (iv) with respect to any BA Equivalent Loan C$5,000,000, with minimum increments thereafter of C$1,000,000.]

				
		  	4	  		  	The Designated Foreign Currency [if applicable] shall
be:                                        
                        .
		
	C	  	Each of the undersigned hereby irrevocably requests [check one line below and fill in blank spaces next to the line as appropriate]:
				
		  	1	  	            	  	Funds to be deposited into a PNC Bank bank account per our current standing instructions. Complete amount of deposit if not full loan advance amount: U.S.
$                    .
				
		  	2	  	            	  	 Funds to be wired per the following wire instructions:
 U.S.
$                                 Amount of Wire Transfer

Bank Name:
                                         
    
 ABA:
                                         
               
 Account Number:
                                     

Account Name:
                                        

 Reference:
                                         
       

				
		  	3	  	            	  	Funds to be wired per the attached Funds Flow (multiple wire transfers).


  
 B-1-6









 SWING LOAN REQUEST 

 

			
	TO:	    	 PNC Bank, National Association, as Global Agent
 PNC Firstside Center - 4th Floor
 500 First Avenue

Pittsburgh, Pennsylvania 15219
 Telephone No.:
(412) 412-762-6442
 Telecopier No.: (412) 412-762-8672
 Attention: Lisa Pierce

	    
	    
		
	FROM:	    	Abercrombie & Fitch Management Co.
		
	RE:	    	Amended and Restated Credit Agreement, dated as of July     , 2011 (as may be further amended, restated or otherwise modified from time to time, the
“Credit Agreement”), among Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, PNC Bank, National Association (the “Global
Agent”), PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent
and The Huntington National Bank, as co-documentation agent

 Ladies and Gentlemen: 
 The undersigned, Abercrombie & Fitch Management Co., a Delaware corporation, refers to the Credit Agreement (the terms defined therein being used herein as therein defined), hereby gives you
notice, irrevocably, pursuant to Section 2.06(b) of the Credit Agreement, that the undersigned hereby requests one or more Borrowings under the Credit Agreement, and in that connection therewith sets forth on Annex I hereto the information
relating to each such Borrowing (collectively the “Proposed Borrowing”) as required by Section 2.06(b) of the Credit Agreement. 

The undersigned hereby specifies that the Proposed Borrowing will consist of Loans as provided below. 

The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Borrowing:

 (A) the representations and warranties of each of the Parent and the Company contained in the Credit Agreement are and will
be true and correct, before and after giving effect to the Proposed Borrowing and to the application of the proceeds thereof, as though made on such date, except to the extent that such representation or warranty is limited to a particular date, in
which instance, such representation or warranty shall be true and correct on and as of such other date; 
 (B) no Default or
Event of Default has occurred and is continuing, or would result from such Proposed Borrowing or from the application of the proceeds thereof; 
 (C) the Credit Parties have performed and complied with all covenants and conditions of such Persons under the Credit Agreement and the other Loan Documents; 

(D) the making of such Loan shall not contravene any law applicable to the undersigned, any other Credit Party, any Subsidiary of the
undersigned, or any Lender; and 

  
 B-1-7









 (E) the making of such Loan shall not cause the Aggregate Credit Facility Exposure to exceed
the Maximum Credit Facility Amount. 
 [SIGNATURE PAGE FOLLOWS] 

  
 B-1-8









 [SIGNATURE PAGE - SWING LOAN REQUEST] 

The Borrower certifies to the Global Agent for the benefit of the Lenders as to the accuracy of the foregoing on
            , 20    . 
  

			
	ABERCROMBIE & FITCH MANAGEMENT CO.



			
		
	By:	 	
 




			
	Name:	 	
 




			
	Title:	 	  




  
 B-1-9









 Annex I 
 Pursuant to Section 2.06 of the Credit Agreement, the Company hereby makes the following Swing Loan Request: 
  

													
		 	1.	  	Aggregate principal amount of such Swing Loan (may not be less than $500,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency), with minimum
increments thereafter of $500,000 (or the Dollar Equivalent thereof in any Designated Foreign Currency).	  	$                           
     
				
		 	2.	  	 Proposed Borrowing Date
 (which date shall be on or after the date of delivery of this Notice of [Borrowing][Continuation or Conversion], with such Notice of [Borrowing][Continuation or Conversion] to be delivered no later than
1:00 p.m. eastern time on the Borrowing Date)
	  	
                         
         

			
		 	3.	  	Each of the undersigned hereby irrevocably requests [check one line below and fill in blank spaces next to the line as appropriate]:
					
		 		  	1    	  	            	  	Funds to be deposited into a PNC Bank bank account per our current standing instructions. Complete amount of deposit if not full loan advance
amount:                                        
         U.S. $                    
					
		 		  	2    	  	                	  	 Funds to be wired per the following wire instructions:
 U.S.
$                                 Amount of Wire Transfer

Bank Name:
                                         
    
 ABA:
                                         
               
 Account Number:
                                     

Account Name:
                                        

 Reference:
                                         
       

					
		 		  	3    	  	            	  	Funds to be wired per the attached Funds Flow (multiple wire transfers).
			
		 	4.	  	The requested currency shall be:
                                         
                       .
				
		 		  	      5.      	  	Each of the undersigned hereby irrevocably requests [check one line below and fill in blank spaces next to the line as appropriate]:


  
 B-1-10









 EXHIBIT B-2 
 REVOLVING FACILITY LC REQUEST 
 No.
             
 Dated
            , 20     
 PNC Bank, National Association, as
Global Agent 
 500 First Avenue, 4th Floor 

Pittsburgh, Pennsylvania 15219 
 Attention:
Agency Services 
 Ladies and Gentlemen: 
 The undersigned, Abercrombie & Fitch Management Co., a Delaware corporation (the “Company”), refers to the Amended and Restated Credit Agreement, dated as of July
    , 2011, among the Company, the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P.
Morgan Securities, LLC, as co-lead arranger and co-bookrunner and JPMorgan Chase Bank, N.A., as the Syndication Agent (as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”). 

Pursuant to Section 2.05(b) of the Credit Agreement, the undersigned hereby requests that
            , as LC Issuer, issue a [Standby/Trade] Letter of Credit on             , 20    
(the “Date of Issuance”) in the aggregate face amount of [$            ] [other Designated Foreign Currency], for the account of
                    (the “LC Obligor”). 

The beneficiary of the requested Letter of Credit will be
            1, and such Letter of Credit will be in support of             2 and will have a stated termination date of
                    
3. 

The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the Date of Issuance:

 (A) the representations and warranties of each of the Parent and the Company contained in the Credit Agreement and the other
Loan Documents are and will be true and correct, before and after giving effect to the issuance of the Letter of Credit, as though made on such date, except to the extent that such representation or warranty is limited to another particular date, in
which instance, such representation or warranty shall be true and correct on and as of such date; and 
 (B) no Default or Event
of Default has occurred and is continuing, or would result after giving effect to the issuance of the Letter of Credit requested hereby. 
  

 

	1 	 Insert name and address of beneficiary. 



	2 	 Insert description of supported obligations name of agreement and/or the commercial transaction to which this Letter of Credit Request relates.




	3 	 Insert last date upon which drafts may be presented which may not be beyond the Credit Facility Termination Date. 



  
 B-2-1









 Copies of all documentation with respect to the supported transaction are attached hereto.

  

			
	Very truly yours,
	
	ABERCROMBIE & FITCH MANAGEMENT CO.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  




  
 B-2-2









 EXHIBIT C-1 

 
  

FORM OF 

AMENDED AND RESTATED 
 DOMESTIC CREDIT PARTY GUARANTY 
  

 

  
 C-1-1









 AMENDED AND RESTATED GUARANTY OF PAYMENT (DOMESTIC CREDIT PARTIES) 

This AMENDED AND RESTATED GUARANTY OF PAYMENT (DOMESTIC CREDIT PARTIES) dated as of July     , 2011 (this
“Agreement”), among ABERCROMBIE & FITCH CO., a Delaware corporation (“Parent”), each direct and indirect Domestic Subsidiary of Parent party hereto (each a “Domestic Subsidiary” and,
together with Parent and any other Domestic Subsidiaries that become parties hereto as contemplated by Section 25 hereof, referred to herein individually as a “Guarantor” and collectively as the “Guarantors”),
and PNC BANK, NATIONAL ASSOCIATION, as global administrative agent (the “Global Agent”) for the lenders (the “Lenders”) party to the Amended and Restated Credit Agreement, dated as of the date hereof (as further
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Abercrombie & Fitch Management Co. (the “Company”), the Foreign Subsidiary Borrowers party thereto, Parent, the
Lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as
co-documentation agent and The Huntington National Bank, as co-documentation agent. 
 The Lenders have agreed to make loans to
Borrowers in accordance with the terms of the Credit Agreement. The obligations of the Lenders to lend under the Credit Agreement are conditioned on, among other things, the execution and delivery by the Guarantors of a guarantee agreement in the
form hereof. The Guarantors acknowledge that they will derive substantial benefits from the extension of credit to Borrowers under the Credit Agreement. As consideration therefor and in order to induce the Lenders to make the Loans (such term and
the other capitalized terms used herein and not otherwise defined herein having the meanings assigned to them in the Credit Agreement), the Guarantors are willing to execute and deliver this Agreement. Accordingly, the parties hereto agree as
follows: 
 SECTION 1. The following terms shall have the meanings specified herein: 

“Creditor” means the Global Agent, each LC Issuer, the Lenders (specifically including any Canadian
Lending Installation of any Lender) and the Designated Hedge Creditors, and the respective successors and assigns of each of the foregoing. 
 “Designated Hedge Document” means (i) each Designated Hedge Agreement to which the Parent or any of its Subsidiaries is now or may hereafter become a party, and (ii) each
confirmation, transaction statement or other document executed and delivered in connection therewith to which the Parent or any of its Subsidiaries is now or may hereafter become a party. 

“Designated Hedge Document Obligations” means all amounts, indemnities and reimbursement obligations,
direct or indirect, contingent or absolute, of every type or description, and at any time existing owing by any Designated Hedge Obligor to any Designated Hedge Creditor pursuant to any of the Designated Hedge Documents (including, but not limited
to, interest and fees that accrue after the commencement by or against any Designated Hedge Obligor of any insolvency proceeding under Section 362(a) of the Bankruptcy Code, regardless of whether such interest and fees are allowed claims in
such proceeding). 
 “Designated Hedge Obligor” means any Borrower and any Domestic Subsidiary
of the Parent that is now or may hereafter become a party to any Designated Hedge Agreement. 
 “Existing
Guaranty of Payment” means the Guaranty of Payment (Domestic Credit Parties) dated as of April 15, 2008, among Parent, each direct and indirect Domestic Subsidiary of Parent party thereto, and Global Agent. 

  
 C-1-2









 “Guaranteed Documents” means (i) the Credit Agreement,
the Notes, any Letter of Credit and all other Loan Documents to which any Credit Party or any of its Subsidiaries is now or may hereafter become a party, and (ii) each Designated Hedge Agreement and other Designated Hedge Document to which any
Designated Hedge Obligor is now or may hereafter become a party. 
 “Guaranteed Obligations”
means the Obligations and the Designated Hedge Document Obligations. 
 “Guaranteed Party” means
each Borrower, each other Domestic Credit Party and each Designated Hedge Obligor. 
 “Original
Currency” has the meaning provided in Section 19 hereof. 
 “Other Currency” has
the meaning provided in Section 19 hereof. 
 SECTION 2. Each of the Guarantors unconditionally guarantees,
jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety: (i) to the Global Agent, each LC Issuer and the Lenders (specifically including any Canadian Lending Installation of any Lender) the full and
prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all of the Obligations; and (ii) to each Designated Hedge Creditor the full and prompt payment when due (whether at the stated maturity, by acceleration
or otherwise) of all of the Designated Hedge Document Obligations. Each of the Guarantors further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will
remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. 
 SECTION 3.
Each of the Guarantors irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any person against any other Credit Party or any
other Person, or against any guaranty of any other Person. The obligations of each of the Guarantors shall be unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected
by the occurrence, one or more times, of any of the following: (a) any extension, renewal, settlement, compromise, waiver or release in respect to any Guaranteed Obligation under any agreement or instrument, by operation of law or otherwise;
(b) any modification or amendment of or supplement to the Credit Agreement, any Note, any other Loan Document, or any agreement or instrument evidencing or relating to any Guaranteed Obligation; (c) any release, non-perfection or
invalidity of any direct or indirect security for any Guaranteed Obligation under any agreement or instrument evidencing or relating to any Guaranteed Obligation; (d) any change in the corporate existence, structure or ownership of any Credit
Party or other Subsidiary or any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Credit Party or other Subsidiary or its assets or any resulting release or discharge of any obligation of any Credit Party or other
Subsidiary contained in any agreement or instrument evidencing or relating to any Guaranteed Obligation; (e) the existence of any claim, set-off or other rights which such Guarantor may have at any time against any other Credit Party, the
Global Agent, any Lender, any Affiliate of any Lender or any other person, whether in connection herewith or any unrelated transactions; (f) any invalidity or unenforceability relating to or against any other Credit Party for any reason of any
agreement or instrument evidencing or relating to any Guaranteed Obligation, or any provision of applicable law or regulation purporting to prohibit the payment by any Credit Party of any of the Guaranteed Obligations; or (g) any other act or
omission of any kind by any other Credit Party, the Global Agent, any Lender or any other Person or any other circumstance whatsoever which might, but for the provisions of this Section 3, constitute a legal or equitable discharge of such
Guarantor’s obligations under this Section 3 other than the irrevocable payment in full of all Guaranteed Obligations. 

  
 C-1-3









 SECTION 4. Each of the Guarantors further agrees that its guarantee hereunder is
an absolute, unconditional, present and continuing guarantee of payment when due and not of collection and is in no way conditioned or contingent upon any attempt to collect from any Guaranteed Party or any Subsidiary or Affiliate of any Guaranteed
Party, or any other action, occurrence or circumstance whatsoever, and waives any right to require that resort be had by the Global Agent or any Lender to any security held for payment of the Guaranteed Obligations or to any balance of any deposit
account or credit on the books of the Global Agent or any Lender in favor of the Borrowers or any other person. In addition to the foregoing, each Guarantor, jointly and severally, unconditionally and irrevocably, guarantees to the Creditors the
payment of any and all Guaranteed Obligations of the Borrowers and each other Guaranteed Party, whether or not due or payable by the obligor thereon, upon the occurrence in respect of such Guaranteed Party or other applicable obligor of any
Insolvency Event, and unconditionally and irrevocably, jointly and severally, promises to pay such Guaranteed Obligations to the Global Agent, for the benefit of the Creditors, on demand, in such currency and otherwise in such manner as is provided
in the Guaranteed Documents governing such Guaranteed Obligations. As a separate, additional and continuing obligation, each Guarantor unconditionally and irrevocably undertakes and agrees, for the benefit of the Creditors, that, should any amounts
constituting Guaranteed Obligations not be recoverable from any Borrower or any other Guaranteed Party for any reason whatsoever (including, without limitation, by reason of any provision of any Guaranteed Document or any other agreement or
instrument executed in connection therewith being or becoming, at any time, voidable, void, unenforceable, or otherwise invalid under any applicable law), then notwithstanding any notice or knowledge thereof by the Global Agent, any other Creditor,
any of their respective Affiliates, or any other Person, each Guarantor, jointly and severally, as sole, original and independent obligor, upon demand by the Global Agent, will make payment to the Global Agent, for the account of the Creditors, of
all such obligations not so recoverable by way of full indemnity, in such currency and otherwise in such manner as is provided in the Guaranteed Documents. Each Guarantor understands, agrees and confirms that the Global Agent, on behalf of the
Creditors, may enforce this Agreement up to the full amount of the Guaranteed Obligations against any Guarantor without proceeding against any other Guarantor, any Guaranteed Party or any other Person. 

SECTION 5. The obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or
termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the
invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by the
failure of the Global Agent or any Lender to assert any claim or demand or to enforce any remedy under any Loan Document, any guarantee or any other agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful
or otherwise, in the performance of the Guaranteed Obligations, or by any other act or omission which may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of the Borrowers or any Guarantor as
a matter of law or equity (other than the indefeasible payment in full of all the Guaranteed Obligations). 

SECTION 6. Each of the Guarantors further agrees that its guarantee shall continue to be effective or be reinstated, as the
case may be, if at any time payment, or any part thereof, of any Guaranteed Obligation is rescinded or must otherwise be restored by the Global Agent or any Lender upon the bankruptcy or reorganization of the Borrowers, any other Guarantor or
otherwise. 
 SECTION 7. In furtherance of the foregoing and not in limitation of any other right which the Global
Agent or any Lender has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrowers to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of
prepayment or otherwise, each of the Guarantors hereby promises to and will, upon receipt of written demand by the Global Agent, forthwith pay, or cause to be paid, to the 

  
 C-1-4









 
Global Agent for distribution to the Lenders, if and as appropriate, in cash the amount of such unpaid Guaranteed Obligation. Notwithstanding any payment or payments made by a Guarantor hereunder
or any setoff or application of funds of a Guarantor by the Global Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Global Agent or any Lender against the Borrowers or any guarantee or right of offset
held for the payment of the Guaranteed Obligations (whether contractual, under Section 509 of the Bankruptcy Code, or otherwise), nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Borrowers in
respect of payments made by such Guarantor hereunder, until all amounts owing to the Global Agent or any Lender by the Borrowers on account of the Guaranteed Obligations are paid in full and the Commitments are terminated. If any amount shall
erroneously be paid to any Guarantor on account of such subrogation, contribution, reimbursement, indemnity and similar rights, such amount shall be held in trust for the benefit of the Lenders and shall forthwith be paid to the Global Agent to be
credited and applied to the payment of the Guaranteed Obligations. Any term or provision of this Agreement to the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by any Guarantor shall not
exceed the maximum amount that can be hereby guaranteed by that Guarantor without rendering this Agreement, as it relates to such Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws
affecting the rights of creditors generally. 
 SECTION 8. Each of the Guarantors represents and warrants that:
(a) it is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization; (b) the execution, delivery and performance by it of this Agreement are within its corporate or limited liability company,
as applicable, powers, have been duly authorized by all necessary corporate or limited liability company, as applicable, and (if necessary) stockholder or member, as applicable, action, and do not contravene, or constitute a default under, any
provision of applicable law or regulation or of its certificate of incorporation or certificate of formation, as applicable, or bylaws or limited liability company agreement, as applicable, or any material agreement or instrument binding upon it;
(c) it has duly executed and delivered this Agreement and each other Loan Document, if any, to which it is party; (d) no consent or approval of, registration or filing with, or any other action by, any Governmental Authority, is required
to authorize or is required as a condition to (i) the execution, delivery and performance by such Guarantor of any Loan Document to which it is a party, or (ii) the legality, validity, binding effect or enforceability of any Loan Document
to which such Guarantor is a party; (e) there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending or, to the knowledge of such Guarantor, threatened against or affecting such Guarantor that
(i) with respect thereto, 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 (other than the
Disclosed Matters) or (ii) expressly contest the validity of this Agreement; and (f) this Agreement constitutes a legal, valid and binding obligation of such Guarantor, enforceable in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 9. The guarantees made hereunder shall survive and be in full force and effect so long as any Guaranteed Obligation
is outstanding and has not been indefeasibly paid, and shall be reinstated to the extent provided in Section 6. 

SECTION 10. This Agreement and the terms, covenants and conditions hereof shall be binding upon each Guarantor and its
successors and shall inure to the benefit of the Global Agent and the Lenders and their respective successors and assigns. None of the Guarantors shall be permitted to assign or transfer any of its rights or obligations under this Agreement, except
as expressly contemplated by this Agreement. 
 SECTION 11. All amounts received by the Global Agent pursuant to, or
in connection with the enforcement of, this Agreement, together with all amounts and other rights and benefits realized by any 

  
 C-1-5









 
Creditor (or to which any Creditor may be entitled) by virtue of this Agreement, shall be applied as provided in Section 8.03 of the Credit Agreement. 

SECTION 12. The Guarantors hereby jointly and severally agree to pay, to the extent not paid pursuant to Section 11.01
of the Credit Agreement, all reasonable out-of-pocket costs and expenses of the Global Agent and each other Creditor in connection with the enforcement of this Agreement and any amendment, waiver or consent relating hereto (including, without
limitation, the reasonable fees and disbursements of counsel employed by the Global Agent or any of the other Creditors). 

SECTION 13. No failure on the part of the Global Agent to exercise, and no delay in exercising, any right, power or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy by the Global Agent or any Lender preclude any other or further exercise thereof or the exercise of any other right, power or
remedy. All remedies hereunder and under the other Loan Documents are cumulative and are not exclusive of any other remedies provided by law. Except as provided in the Credit Agreement, none of the Global Agent or the Lenders shall be deemed to have
waived any rights hereunder or under any other agreement or instrument unless such waiver shall be in writing and signed by such parties. 
 SECTION 14. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO WITHOUT
REGARD TO CONFLICTS OF LAW PRINCIPLES. TO THE FULLEST EXTENT PERMITTED BY LAW, THE GUARANTORS HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY JURISDICTION OTHER THAN THE STATE OF OHIO GOVERNS THIS AGREEMENT OR
ANY OF THE OTHER LOAN DOCUMENTS. Any legal action or proceeding with respect to this Agreement or any other Loan Document may be brought in the Court of Common Pleas of Cuyahoga County, Ohio, or of the United States for the Northern District of
Ohio, and, by execution and delivery of this Agreement, each Guarantor hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each Guarantor hereby further
irrevocably consents to the service of process out of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to such Borrower at its address for notices
pursuant to Section 15 hereof, such service to become effective 30 days after such mailing or at such earlier time as may be provided under applicable law. Nothing herein shall affect the right of the Global Agent to serve process in any other
manner permitted by law or to commence legal proceedings or otherwise proceed against any Guarantor in any other jurisdiction. Each Guarantor hereby irrevocably waives any objection that it may now or hereafter have to the laying of venue of any of
the aforesaid actions or proceedings arising out of or in connection with this Agreement or any other Loan Document brought in the courts referred to in this Section 14 and hereby further irrevocably waives and agrees not to plead or claim in
any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. 

SECTION 15. All communications and notices hereunder shall be in writing and given as provided in Section 11.04 of the
Credit Agreement; provided that any communication or notice hereunder to any Guarantor shall be given to it in care of the Company at the address or telecopy or telex number specified in the Credit Agreement. 

SECTION 16. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

  
 C-1-6









 SECTION 17. A separate action or actions may be brought and prosecuted against
any Guarantor whether or not action is brought against any other Guarantor, any other guarantor or any Guaranteed Party, and whether or not any other Guarantor, any other guarantor of the Guaranteed Parties or any Guaranteed Party joined in any such
action or actions. 
 SECTION 18. Each Guarantor confirms that an executed (or conformed) copy of each of the
Guaranteed Documents has been made available to its principal executive officers, that such officers are familiar with the contents thereof and of this Agreement, and that it has executed and delivered this Agreement after reviewing the terms and
conditions of the Credit Agreement, the other Guaranteed Documents and this Agreement and such other information as it has deemed appropriate in order to make its own credit analysis and decision to execute and deliver this Agreement. Each Guarantor
confirms that it has made its own independent investigation with respect to the creditworthiness of the Guaranteed Parties and their Subsidiaries and Affiliates and is not executing and delivering this Agreement in reliance on any representation or
warranty by the Global Agent or any other Creditor or any other Person acting on behalf of the Global Agent or any other Creditor as to such creditworthiness. Each Guarantor expressly assumes all responsibilities to remain informed of the financial
condition of the Guaranteed Parties and their respective Subsidiaries and Affiliates and any circumstances affecting (a) any Guaranteed Party’s or any of its Subsidiary’s or Affiliate’s ability to perform its obligations under
the Credit Agreement and the other Guaranteed Documents to which it is a party, or (b) any other guaranty for all or any part of such Guaranteed Party’s or such Subsidiary’s or Affiliate’s payment and performance obligations
thereunder; and each Guarantor further agrees that the Global Agent and the other Creditors shall have no duty to advise any Guarantor of information known to them regarding such circumstances or the risks such Guarantor undertakes in this
Agreement. 
 SECTION 19. If for the purposes of obtaining judgment in any court it is necessary to convert a sum
due hereunder in any currency (the “Original Currency”) into another currency (the “Other Currency”) each Guarantor, the Global Agent and the other Creditors, by their acceptance of the benefits hereof, agree, to
the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Global Agent could purchase the Original Currency with the Other Currency at the Payment
Office on the second Business Day preceding that on which final judgment is given. The obligation of a Guarantor in respect of any sum due in the Original Currency from it to the Global Agent or any other Creditor hereunder shall, notwithstanding
any judgment in any Other Currency, be discharged only to the extent that on the Business Day following receipt by such Creditor or the Global Agent, as the case may be, of any sum adjudged to be so due in such Other Currency such Creditor or the
Global Agent, as the case may be, may in accordance with normal banking procedures purchase Dollars with such Other Currency; if the amount of the Original Currency so purchased is less than the sum originally due to such Creditor or the Global
Agent, as the case may be, in the Original Currency, such Guarantor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Creditor or the Global Agent, as the case may be, against such loss, and if the amount of
the Original Currency so purchased exceeds the sum originally due to the Global Agent or any other Creditor, as the case may be, in the Original Currency, the Global Agent or such other Creditor, as the case may be, agrees to remit to such Guarantor
such excess. 
 SECTION 20. Each Guarantor covenants and agrees that on and after the date hereof and until this
Agreement is terminated in accordance with its terms, such Guarantor shall take, or will refrain from taking, as the case may be, all actions that are necessary to be taken or not taken so that no Default or Event of Default, is caused by the
actions or inactions of such Guarantor or any of its Subsidiaries. 
 SECTION 21. The relationship among any
Guarantor and its Affiliates, on the one hand, and the Global Agent and the other Creditors, on the other hand, is solely that of debtor and creditor, and the Global Agent and the other Creditors have no fiduciary or other special relationship with
any Guarantor or any of 

  
 C-1-7









 
its Affiliates, and no term or provision of any Guaranteed Document, no course of dealing, no written or oral communication, or other action, shall be construed so as to deem such relationship to
be other than that of debtor and creditor. 
 SECTION 22. This Guarantee may be released with respect to any
Subsidiary that ceases to be a Subsidiary Guarantor as a result of a transaction that is permitted by the terms of the Credit Agreement. 
 SECTION 23. This Agreement may be executed in two or more counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute but one instrument;
provided that this Agreement shall be construed as a separate agreement with respect to each Guarantor and may be amended, modified, supplemented, waived or released with respect to any Guarantor without the approval of any other Guarantor and
without affecting the obligations of any other Guarantor hereunder. This Agreement shall be effective with respect to any Guarantor when a counterpart which bears the signature of such Guarantor shall have been delivered to the Global Agent.

 SECTION 24. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN
ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS (INCLUDING, WITHOUT LIMITATION, ANY AMENDMENTS, WAIVERS OR OTHER MODIFICATIONS RELATING TO ANY OF THE FOREGOING), OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO HEREBY (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 24.

 SECTION 25. Upon execution and delivery by the Global Agent and any subsequently acquired or organized Domestic
Subsidiary of an instrument in the form of Annex 1 attached hereto, such subsequently acquired or organized Domestic Subsidiary shall, if so required by the terms of the Credit Agreement, become a Guarantor hereunder with the same force and effect
as if originally named as a Guarantor herein. The execution and delivery of any such instrument shall not require the consent of any Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect
notwithstanding the addition of any new Guarantor as a party to this Agreement. 
 SECTION 26. The parties hereto
agree that, on the Closing Date, without further action by any party hereto: (a) the Existing Guaranty is amended and restated in its entirety in the form of this Agreement; (b) all Guaranteed Obligations outstanding under the Existing
Guaranty, to the extent not paid on the Closing Date, shall be Guaranteed Obligations outstanding hereunder; and (c) all references in the other Loan Documents to the Existing Guaranty shall be deemed to refer without further amendment to this
Agreement. 
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written. 
  

			
	 ABERCROMBIE & FITCH CO.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ABERCROMBIE & FITCH HOLDING CORPORATION

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 A&F TRADEMARK, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ABERCROMBIE & FITCH FULFILLMENT COMPANY

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ABERCROMBIE & FITCH DISTRIBUTION COMPANY

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 J.M.H. TRADEMARK, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	



  
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	 J.M. HOLLISTER, LLC

	 By:
	 	Abercrombie & Fitch Stores, Inc., its Sole Member
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ABERCROMBIE & FITCH TRADING CO.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ABERCROMBIE & FITCH STORES, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ABERCROMBIE & FITCH PROCUREMENT SERVICES, LLC

	 By:
	 	 Abercrombie & Fitch Trading Co., its Sole Member

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 FAN COMPANY, LLC

	 By:
	 	 Abercrombie & Fitch Management Co., its Sole Member

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 HOLLISTER CO.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	



  
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	 ABERCROMBIE & FITCH INTERNATIONAL, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 GILLY HICKS, LLC

	 By:
	 	 Abercrombie & Fitch Stores, Inc., its Sole Member

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 DFZ, LLC

	 By:
	 	 Abercrombie & Fitch Management Co., its Sole Member

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 A&F CANADA HOLDING CO.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 CANOE, LLC

	 By:
	 	 Abercrombie & Fitch Management Co., its Sole Member

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 CROMBIE, LLC

	 By:
	 	 Abercrombie & Fitch Management Co., its Sole Member

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	



  
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	 RUEHL NO. 925, LLC

	 By:
	 	 Abercrombie & Fitch Stores, Inc., its Sole Member

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 AFH PUERTO RICO LLC

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 PNC BANK, NATIONAL ASSOCIATION,

as Global Agent

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	



  
 C-1-12









 ANNEX 1 to the 
 Amended and Restated Guaranty of Payment (Domestic Credit Parties) 

SUPPLEMENT NO. dated as of             , 20[    ] to the
AMENDED AND RESTATED GUARANTY OF PAYMENT (DOMESTIC CREDIT PARTIES), dated as of July     , 2011 (the “Agreement”), among ABERCROMBIE & FITCH CO., a Delaware corporation (“Parent”), and
each direct and indirect Subsidiary of Parent party thereto (each a “Domestic Subsidiary” and, together with Parent and any other Domestic Subsidiaries that become parties hereto as contemplated by Section 25 thereof, referred
to herein individually as a “Guarantor” and collectively as the “Guarantors”), and PNC BANK, NATIONAL ASSOCIATION, as global administrative agent (the “Global Agent”) for the lenders (the
“Lenders”) party to the Amended and Restated Credit Agreement, dated as of July     , 2011 (as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”),
among Abercrombie & Fitch Management Co. (the “Company”), the Foreign Subsidiary Borrowers party thereto, Parent, the Lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner,
J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent. 

The Guarantors have entered into the Agreement in order to induce the Lenders to make Loans to the Borrowers (such term and other
capitalized terms used herein and not otherwise defined herein having the meanings assigned to such terms in the Agreement and the Credit Agreement). Section 25 of the Agreement provides that additional Domestic Subsidiaries may become
Guarantors under the Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Domestic Subsidiary (the “New Guarantor”) is executing this Supplement to become a Guarantor under the
Agreement. As a Subsidiary, the New Guarantor acknowledges that it derives substantial benefits from the extension of credit to the Borrowers under the Credit Agreement. 
 Accordingly, the Global Agent and the New Guarantor agree as follows: 

SECTION 1. In accordance with Section 25 of the Agreement, the New Guarantor by its signature below becomes a Guarantor
under the Agreement with the same force and effect as if originally named therein as a Guarantor and the New Guarantor hereby agrees to all the terms and provisions of the Agreement applicable to it as a Guarantor thereunder. Each reference to a
“Guarantor” in the Agreement shall be deemed to include the New Guarantor. The Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Guarantor represents and warrants that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation,
enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and equitable principles of general applicability. 

SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Supplement shall become effective when the Global Agent shall have received a counterpart of this Supplement that bears the signature of the New Guarantor. 

SECTION 4. Except as expressly supplemented hereby, the Agreement shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE CONSTRUED IN
ACCORDANCE WITH 

  
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AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply
with such provision for so long as such provision is held to be invalid, illegal or unenforceable and the validity, legality and enforceability of the remaining provisions contained herein and in the Agreement, and of any such provision with respect
to any other Guarantor, shall not in any way be affected or impaired. The parties shall endeavor in good-faith negotiations to replace any 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 7. All communications and
notices hereunder shall be in writing and given as provided in Section 15 of the Agreement. All communications and notices hereunder to the New Guarantor shall be given to it at the address set forth under its signature below. 

SECTION 8. The New Guarantor agrees to reimburse the Global Agent for its out-of-pocket expenses in connection with this
Supplement, including the fees, disbursements and other charges of counsel for the Global Agent. 
 IN WITNESS WHEREOF, the New
Guarantor and the Global Agent have duly executed this Supplement to the Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GUARANTOR],
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
		 	[Address]
	
	 PNC BANK, NATIONAL ASSOCIATION, as
 Global Agent

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	



  
 C-1-14









 EXHIBIT C-2 

 
  

FORM OF 

FOREIGN SUBSIDIARY GUARANTY 
  

 

  
 C-2-1









 GUARANTY OF PAYMENT (FOREIGN SUBSIDIARY GUARANTOR) 

This GUARANTY OF PAYMENT (FOREIGN SUBSIDIARY GUARANTOR) dated as of
[            ], 2011 (this “Agreement”), between [            ], a
[            ] [            ] (the “Guarantor”), a Subsidiary of
[            ],a [            ] [            ] (the “Parent
Foreign Borrower”), a Foreign Subsidiary Borrower under the Credit Agreement (hereinafter defined), and PNC BANK, NATIONAL ASSOCIATION, as global administrative agent (the “Global Agent”) for the lenders (the
“Lenders”) party to the Amended and Restated Credit Agreement, dated as of July     , 2011 (as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”),
among Abercrombie & Fitch Management Co. (the “Company”), the Foreign Subsidiary Borrowers party thereto, Parent, the Lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner,
J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent. 

The Lenders have agreed to make loans to Borrowers in accordance with the terms of the Credit Agreement. The obligations of the Lenders
to lend under the Credit Agreement to the Parent Foreign Borrower are conditioned on, among other things and subject to the Foreign Guaranty Principles, the execution and delivery by the Guarantor of a guarantee agreement in the form hereof prior to
the Parent Foreign Borrower loaning or otherwise providing any proceeds of the Loans to the Guarantor or obtaining any Letter of Credit for the benefit of the Guarantor. The Guarantor acknowledges that it will derive substantial benefits from the
extension of credit to the Parent Foreign Borrower under the Credit Agreement. As consideration therefor and in order to induce the Lenders to make the Loans (such term and the other capitalized terms used herein and not otherwise defined herein
having the meanings assigned to them in the Credit Agreement) to the Parent Foreign Borrower, the Guarantor is willing to execute and deliver this Agreement. Accordingly, the parties hereto agree as follows: 

SECTION 1. The following terms shall have the meanings specified herein: 

“Creditor” means the Global Agent, each LC Issuer, the Lenders [Add for Canadian Subsidiary guaranty
only: (specifically including any Canadian Lending Installation of any Lender)], and the respective successors and assigns of each of the foregoing. 
 “Guaranteed Documents” means the Credit Agreement, the Notes, any Letter of Credit and all other Loan Documents to which any Credit Party or any of its Subsidiaries is now or may
hereafter become a party, but only to the extent that the Parent Foreign Borrower is a party. 

“Guaranteed Obligations” means the Obligations of the Parent Foreign Borrower under the Guaranteed
Documents, provided that the maximum amount of the Guaranteed Obligations shall not exceed at any time, and shall only relate to, the sum of the amount of Loan proceeds, if any, that the Parent Foreign Borrower has loaned to the Guarantor
plus the face amount of any Letter of Credit issued for the benefit of the Guarantor. 
 “Original
Currency” has the meaning provided in Section 19 hereof. 
 “Other Currency” has
the meaning provided in Section 19 hereof. 
 SECTION 2. The Guarantor unconditionally guarantees, as a primary
obligor and not merely as a surety, to the Global Agent, each LC Issuer and the Lenders [Add for Canadian Subsidiary guaranty only: (specifically including any Canadian Lending Installation of any Lender)] the full and prompt payment when due
(whether at the stated maturity, by acceleration or otherwise) of all of the Guaranteed Obligations. The Guarantor further agrees that the Guaranteed Obligations may be extended 

  
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or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed
Obligation. 
 SECTION 3. The Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any
notice not provided for herein, as well as any requirement that at any time any action be taken by any person against any other Credit Party or any other Person, or against any guaranty of any other Person. The obligations of the Guarantor shall be
unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by the occurrence, one or more times, of any of the following: (a) any extension, renewal, settlement,
compromise, waiver or release in respect to any Guaranteed Obligation under any agreement or instrument, by operation of law or otherwise; (b) any modification or amendment of or supplement to the Credit Agreement, any Note, any other Loan
Document, or any agreement or instrument evidencing or relating to any Guaranteed Obligation; (c) any release, non-perfection or invalidity of any direct or indirect security for any Guaranteed Obligation under any agreement or instrument
evidencing or relating to any Guaranteed Obligation; (d) any change in the corporate existence, structure or ownership of any Credit Party or other Subsidiary or any insolvency, bankruptcy, reorganization or other similar proceeding affecting
any Credit Party or other Subsidiary or its assets or any resulting release or discharge of any obligation of any Credit Party or other Subsidiary contained in any agreement or instrument evidencing or relating to any Guaranteed Obligation;
(e) the existence of any claim, set-off or other rights which such Guarantor may have at any time against any other Credit Party, the Global Agent, any Lender, any Affiliate of any Lender or any other person, whether in connection herewith or
any unrelated transactions; (f) any invalidity or unenforceability relating to or against any other Credit Party for any reason of any agreement or instrument evidencing or relating to any Guaranteed Obligation, or any provision of applicable
law or regulation purporting to prohibit the payment by any Credit Party of any of the Guaranteed Obligations; or (g) any other act or omission of any kind by any other Credit Party, the Global Agent, any Lender or any other Person or any other
circumstance whatsoever which might, but for the provisions of this Section 3, constitute a legal or equitable discharge of the Guarantor’s obligations under this Section 3 other than the irrevocable payment in full of all Guaranteed
Obligations. 
 SECTION 4. The Guarantor further agrees that its guarantee hereunder is an absolute, unconditional,
present and continuing guarantee of payment when due and not of collection and is in no way conditioned or contingent upon any attempt to collect from the Parent Foreign Borrower or any Subsidiary or Affiliate thereof, or any other action,
occurrence or circumstance whatsoever, and waives any right to require that resort be had by the Global Agent or any Lender to any security held for payment of the Guaranteed Obligations or to any balance of any deposit account or credit on the
books of the Global Agent or any Lender in favor of the Borrowers or any other person. In addition to the foregoing, the Guarantor unconditionally and irrevocably guarantees to the Creditors the payment of any and all Guaranteed Obligations of the
Parent Foreign Borrower, whether or not due or payable, upon the occurrence in respect of the Parent Foreign Borrower of any Insolvency Event, and unconditionally and irrevocably promises to pay such Guaranteed Obligations to the Global Agent, for
the benefit of the Creditors, on demand, in such currency and otherwise in such manner as is provided in the Guaranteed Documents governing such Guaranteed Obligations. As a separate, additional and continuing obligation, the Guarantor
unconditionally and irrevocably undertakes and agrees, for the benefit of the Creditors, that, should any amounts constituting Guaranteed Obligations not be recoverable from the Parent Foreign Borrower for any reason whatsoever (including, without
limitation, by reason of any provision of any Guaranteed Document or any other agreement or instrument executed in connection therewith being or becoming, at any time, voidable, void, unenforceable, or otherwise invalid under any applicable law),
then notwithstanding any notice or knowledge thereof by the Global Agent, any other Creditor, any of their respective Affiliates, or any other Person, the Guarantor, as sole, original and independent obligor, upon demand by the Global Agent, will
make payment to the Global Agent, for the account of the Creditors, of all such obligations not so recoverable by way of full indemnity, in such currency and 

  
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otherwise in such manner as is provided in the Guaranteed Documents. The Guarantor understands, agrees and confirms that the Global Agent, on behalf of the Creditors, may enforce this Agreement
up to the full amount of the Guaranteed Obligations against the Guarantor without proceeding against the Parent Foreign Borrower or any other Person. 
 SECTION 5. The obligations of the Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of
waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or
otherwise. Without limiting the generality of the foregoing, the obligations of the Guarantor hereunder shall not be discharged or impaired or otherwise affected by the failure of the Global Agent or any Lender to assert any claim or demand or to
enforce any remedy under any Loan Document, any guarantee or any other agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or by any other
act or omission which may or might in any manner or to any extent vary the risk of the Guarantor or otherwise operate as a discharge of the Borrowers or the Guarantor as a matter of law or equity (other than the indefeasible payment in full of all
the Guaranteed Obligations). 
 SECTION 6. The Guarantor further agrees that its guarantee shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Guaranteed Obligation is rescinded or must otherwise be restored by the Global Agent or any Lender upon the bankruptcy or reorganization of the
Borrowers, the Parent Foreign Borrower or otherwise. 
 SECTION 7. In furtherance of the foregoing and not in
limitation of any other right which the Global Agent or any Lender has at law or in equity against the Guarantor by virtue hereof, upon the failure of the Borrowers to pay any Guaranteed Obligation when and as the same shall become due, whether at
maturity, by acceleration, after notice of prepayment or otherwise, the Guarantor hereby promises to and will, upon receipt of written demand by the Global Agent, forthwith pay, or cause to be paid, to the Global Agent for distribution to the
Lenders, if and as appropriate, in cash the amount of such unpaid Guaranteed Obligation. Notwithstanding any payment or payments made by the Guarantor hereunder or any setoff or application of funds of the Guarantor by the Global Agent or any
Lender, the Guarantor shall not be entitled to be subrogated to any of the rights of the Global Agent or any Lender against the Borrowers, the Parent Foreign Borrower or any guarantee or right of offset held for the payment of the Guaranteed
Obligations (whether contractual, under Section 509 of the Bankruptcy Code, or otherwise), nor shall the Guarantor seek or be entitled to seek any contribution or reimbursement from the Borrowers or the Parent Foreign Borrower in respect of
payments made by the Guarantor hereunder, until all amounts owing to the Global Agent or any Lender by the Borrowers on account of the Guaranteed Obligations are paid in full and the Commitments are terminated. If any amount shall erroneously be
paid to the Guarantor on account of such subrogation, contribution, reimbursement, indemnity and similar rights, such amount shall be held in trust for the benefit of the Lenders and shall forthwith be paid to the Global Agent to be credited and
applied to the payment of the Guaranteed Obligations. Any term or provision of this Agreement to the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by the Guarantor shall not exceed the
maximum amount that can be hereby guaranteed by that Guarantor without rendering this Agreement, as it relates to the Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the
rights of creditors generally. 
 SECTION 8. The Guarantor represents and warrants that: (a) it is duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization; (b) the execution, delivery and performance by it of this Agreement are within its corporate or limited liability company, as applicable,
powers, have been duly authorized by all necessary corporate or limited liability company, as 

  
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applicable, and (if necessary) stockholder or member, as applicable, action, and do not contravene, or constitute a default under, any provision of applicable law or regulation or of its
certificate of incorporation or certificate of formation, as applicable, or bylaws or limited liability company agreement, as applicable, or any material agreement or instrument binding upon it; (c) it has duly executed and delivered this
Agreement and each other Loan Document, if any, to which it is party; (d) no consent or approval of, registration or filing with, or any other action by, any Governmental Authority, is required to authorize or is required as a condition to
(i) the execution, delivery and performance by the Guarantor of any Loan Document to which it is a party, or (ii) the legality, validity, binding effect or enforceability of any Loan Document to which the Guarantor is a party;
(e) there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending or, to the knowledge of the Guarantor, threatened against or affecting the Guarantor that (i) with respect thereto, 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 (other than the Disclosed Matters) or (ii) expressly
contest the validity of this Agreement; and (f) this Agreement constitutes a legal, valid and binding obligation of the Guarantor, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 9. The guarantees made hereunder shall survive and be in full force and effect so long as any Guaranteed Obligation
is outstanding and has not been indefeasibly paid, and shall be reinstated to the extent provided in Section 6. 

SECTION 10. This Agreement and the terms, covenants and conditions hereof shall be binding upon the Guarantor and its
successors and shall inure to the benefit of the Global Agent and the Lenders and their respective successors and assigns. The Guarantor shall not be permitted to assign or transfer any of its rights or obligations under this Agreement, except as
expressly contemplated by this Agreement. 
 SECTION 11. All amounts received by the Global Agent pursuant to, or in
connection with the enforcement of, this Agreement, together with all amounts and other rights and benefits realized by any Creditor (or to which any Creditor may be entitled) by virtue of this Agreement, shall be applied as provided in
Section 8.03 of the Credit Agreement. 
 SECTION 12. The Guarantor agrees to pay, to the extent not paid
pursuant to Section 11.01 of the Credit Agreement, all reasonable out-of-pocket costs and expenses of the Global Agent and each other Creditor in connection with the enforcement of this Agreement and any amendment, waiver or consent relating
hereto (including, without limitation, the reasonable fees and disbursements of counsel employed by the Global Agent or any of the other Creditors). 
 SECTION 13. No failure on the part of the Global Agent to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right, power or remedy by the Global Agent or any Lender preclude any other or further exercise thereof or the exercise of any other right, power or remedy. All remedies hereunder and under the other Loan Documents are
cumulative and are not exclusive of any other remedies provided by law. Except as provided in the Credit Agreement, none of the Global Agent or the Lenders shall be deemed to have waived any rights hereunder or under any other agreement or
instrument unless such waiver shall be in writing and signed by such parties. 
 SECTION 14. THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO WITHOUT REGARD TO 

  
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CONFLICTS OF LAW PRINCIPLES. TO THE FULLEST EXTENT PERMITTED BY LAW, THE GUARANTOR HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY CLAIM TO ASSERT THAT THE LAW OF ANY JURISDICTION OTHER THAN
THE STATE OF OHIO GOVERNS THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. Any legal action or proceeding with respect to this Agreement or any other Loan Document may be brought in the Court of Common Pleas of Cuyahoga County, Ohio, or of the
United States for the Northern District of Ohio, and, by execution and delivery of this Agreement, the Guarantor hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid
courts. The Guarantor hereby further irrevocably consents to the service of process out of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to such
Borrower at its address for notices pursuant to Section 15 hereof, such service to become effective 30 days after such mailing or at such earlier time as may be provided under applicable law. Nothing herein shall affect the right of the Global
Agent to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against the Guarantor in any other jurisdiction. The Guarantor hereby irrevocably waives any objection that it may now or hereafter
have to the laying of venue of any of the aforesaid actions or proceedings arising out of or in connection with this Agreement or any other Loan Document brought in the courts referred to in this Section 14 and hereby further irrevocably waives
and agrees not to plead or claim in any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. 
 SECTION 15. All communications and notices hereunder shall be in writing and given as provided in Section 11.04 of the Credit Agreement; provided that any communication or notice
hereunder to the Guarantor shall be given to it in care of the Company at the address or telecopy or telex number specified in the Credit Agreement. 
 SECTION 16. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity,
illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction. 
 SECTION 17. A separate action or actions may be brought and prosecuted against the Guarantor
whether or not action is brought against any other guarantor or the Parent Foreign Borrower, and whether or not any other guarantor or the Parent Foreign Borrower joined in any such action or actions. 

SECTION 18. The Guarantor confirms that an executed (or conformed) copy of each of the Guaranteed Documents has been made
available to its principal executive officers, that such officers are familiar with the contents thereof and of this Agreement, and that it has executed and delivered this Agreement after reviewing the terms and conditions of the Credit Agreement,
the other Guaranteed Documents and this Agreement and such other information as it has deemed appropriate in order to make its own credit analysis and decision to execute and deliver this Agreement. The Guarantor confirms that it has made its own
independent investigation with respect to the creditworthiness of the Parent Foreign Borrower and its Subsidiaries and Affiliates and is not executing and delivering this Agreement in reliance on any representation or warranty by the Global Agent or
any other Creditor or any other Person acting on behalf of the Global Agent or any other Creditor as to such creditworthiness. The Guarantor expressly assumes all responsibilities to remain informed of the financial condition of the Parent Foreign
Borrower and its Subsidiaries and Affiliates and any circumstances affecting (a) the Parent Foreign Borrower’s or any of its Subsidiary’s or Affiliate’s ability to perform its obligations under the Credit Agreement and the other
Guaranteed Documents to which it is a party, or (b) any other guaranty for all or any part of the Parent Foreign Borrower’s or such Subsidiary’s or Affiliate’s payment and performance


  
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obligations thereunder; and the Guarantor further agrees that the Global Agent and the other Creditors shall have no duty to advise the Guarantor of information known to them regarding such
circumstances or the risks the Guarantor undertakes in this Agreement. 
 SECTION 19. If for the purposes of
obtaining judgment in any court it is necessary to convert a sum due hereunder in any currency (the “Original Currency”) into another currency (the “Other Currency”) the Guarantor, the Global Agent and the other
Creditors, by their acceptance of the benefits hereof, agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Global Agent could purchase
the Original Currency with the Other Currency at the Payment Office on the second Business Day preceding that on which final judgment is given. The obligation of the Guarantor in respect of any sum due in the Original Currency from it to the Global
Agent or any other Creditor hereunder shall, notwithstanding any judgment in any Other Currency, be discharged only to the extent that on the Business Day following receipt by such Creditor or the Global Agent, as the case may be, of any sum
adjudged to be so due in such Other Currency such Creditor or the Global Agent, as the case may be, may in accordance with normal banking procedures purchase Dollars with such Other Currency; if the amount of the Original Currency so purchased is
less than the sum originally due to such Creditor or the Global Agent, as the case may be, in the Original Currency, the Guarantor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Creditor or the Global
Agent, as the case may be, against such loss, and if the amount of the Original Currency so purchased exceeds the sum originally due to the Global Agent or any other Creditor, as the case may be, in the Original Currency, the Global Agent or such
other Creditor, as the case may be, agrees to remit to the Guarantor such excess. 
 SECTION 20. The Guarantor
covenants and agrees that on and after the date hereof and until this Agreement is terminated in accordance with its terms, the Guarantor shall take, or will refrain from taking, as the case may be, all actions that are necessary to be taken or not
taken so that no Default or Event of Default, is caused by the actions or inactions of the Guarantor or any of its Subsidiaries. 
 SECTION 21. The relationship among the Guarantor and its Affiliates, on the one hand, and the Global Agent and the other Creditors, on the other hand, is solely that of debtor and creditor,
and the Global Agent and the other Creditors have no fiduciary or other special relationship with the Guarantor or any of its Affiliates, and no term or provision of any Guaranteed Document, no course of dealing, no written or oral communication, or
other action, shall be construed so as to deem such relationship to be other than that of debtor and creditor. 

SECTION 22. This Guarantee shall be released if the Guarantor ceases to be a Subsidiary as a result of a transaction that is
permitted by the terms of the Credit Agreement. 
 SECTION 23. This Agreement may be executed in two or more
counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute but one instrument; provided that this Agreement shall be construed as a separate agreement with respect to the Guarantor and may be
amended, modified, supplemented, waived or released with respect to the Guarantor without the approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder. This Agreement shall be effective with respect to
the Guarantor when a counterpart which bears the signature of the Guarantor shall have been delivered to the Global Agent. 

SECTION 24. This Guaranty does not apply to any liability to the extent that it would result in this Guaranty constituting
unlawful financial assistance within the meaning of any applicable law or otherwise violating the Foreign Guaranty Principles. 

  
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 SECTION 25. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES
ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS (INCLUDING, WITHOUT LIMITATION, ANY AMENDMENTS, WAIVERS OR OTHER MODIFICATIONS RELATING TO ANY OF
THE FOREGOING), OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO HEREBY (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 HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 25. 

[Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written. 
  

			
	
[                    
]

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 PNC BANK, NATIONAL ASSOCIATION,

as Global Agent

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	



  
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 EXHIBIT D 
 JOINDER AGREEMENT 
 This Joinder Agreement, dated as of
             , 20     (as amended, restated or otherwise modified from time to time, this “Agreement”), is between [Foreign Subsidiary Borrower]
[Canadian Borrower], a                      (the “Additional Borrower”), and PNC Bank, National Association, as global
administrative agent (the “Global Agent”) for the Lenders under the Credit Agreement (each as defined below). Capitalized terms used herein and not defined herein have the respective meanings assigned to such terms in the Credit
Agreement (as defined below). 
 RECITALS: 
 (1) This Joinder Agreement is entered into pursuant to Section 5.02(i) of the Amended and Restated Credit Agreement, dated as of July     , 2011, among Abercrombie &
Fitch Management Co. (the “Company”), the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner,
J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further
amended, restated or otherwise modified from time to time, the “Credit Agreement”). 
 (2) The Additional
Borrower is a direct or indirect wholly-owned Subsidiary of the Company, and the Company and the Additional Borrower desire that the Additional Borrower become a party to the Credit Agreement as a [Foreign Revolving Facility Borrower] [Canadian
Borrower] thereunder. This Agreement is one of the Loan Documents referred to in the Credit Agreement. 
 (3) It is a condition
precedent under Section 5.02(i) of the Credit Agreement that the Additional Borrower execute and deliver this Agreement prior to the date on which any Loan may be made to it under the Credit Agreement. 

(4) The Additional Borrower will obtain benefits from the Credit Agreement and, accordingly, desires to enter into this Agreement in
order to satisfy the condition described in the preceding paragraph and to induce the Lenders to make Loans to it under the Credit Agreement. 
 AGREEMENT: 
 NOW, THEREFORE, in consideration of the foregoing and the
other benefits accruing to the Additional Borrower, the receipt and sufficiency of which are hereby acknowledged, the Additional Borrower covenants and agrees with the Global Agent and each other Lender as follows: 

1. Agreement. The Additional Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, it shall
become a party to the Credit Agreement and the other Loan Documents and shall be fully bound by, and subject to, all of the covenants, terms, obligations (including, without limitation, all payment obligations) and conditions of the Credit Agreement
and the other Loan Documents applicable to a Borrower as though originally party thereto as a Borrower, and the Additional Borrower shall be deemed a “Borrower” for all purposes of the Credit Agreement from and after the date hereof;
provided, however, that the Additional Borrower’s liability shall be limited as described in Section 2.15(b) of the Credit Agreement and, further, that nothing contained in this Agreement shall make or be


  
 D-1









 
deemed to make such Additional Borrower liable in any way for the indebtedness and other obligations of any Domestic Credit Party under the Credit Agreement. By its signature below, each of the
Borrowers and the Global Agent, on behalf of itself and the Lenders, hereby agrees and consents to the Additional Borrower becoming bound by, and subject to, the terms and conditions of the Credit Agreement as provided herein, and agrees and
acknowledges that the Additional Borrower shall be afforded the benefits of the Credit Agreement, in accordance with the terms and conditions thereof as provided herein, in each case as fully and the same as if the Additional Borrower was originally
party thereto as a Borrower. The Additional Borrower acknowledges and confirms that it has received a copy of the Credit Agreement, the other Loan Documents and all exhibits thereto and has reviewed and understands all of the terms and provisions
thereof. 
 2. Effect of this Agreement. Except as expressly provided in this Agreement, the Credit Agreement shall
remain in full force and effect, without modification or amendment. This Agreement shall be binding upon, and shall inure to the benefit of, the successors and assigns of each of the parties hereto and the holders from time to time of the Notes.

 3. Representations and Warranties. The Additional Borrower, as of the date hereof, hereby: 

(a) makes to the Lenders each of the representations and warranties contained in Article 5 of the Credit Agreement applicable to a
Borrower or a Credit Party; and 
 (b) represents and warrants that (i) all of the conditions precedent as set forth in
Section 2.16 and Section 5.02 of the Credit Agreement have been satisfied, and (ii) no event has occurred and no condition exists that, upon the execution and delivery of this Agreement, would constitute a Default or an Event of
Default. 
 4. Successors and Assigns; Entire Agreement. This Agreement is binding upon and shall inure to the benefit of
the parties to this Agreement and their respective successors and assigns. This Agreement and the Credit Agreement set forth the entire agreement and understanding between the parties as to the subject matter hereof and merges and supersedes all
prior discussions, agreements and understandings of any and every nature among them. 
 5. Headings and Counterparts. The
descriptive headings of this Agreement are for convenience or reference only and do not constitute a part of this Agreement. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which taken together
shall constitute one and the same instrument. 
 6. Expenses. The Company shall promptly (and in any event within 30 days
of receiving any statement or invoice therefor) pay all reasonable expenses relating to this Agreement, including, without limitation, the reasonable fees and disbursements of Jones Day, counsel to the Global Agent. 

7. Governing Law. This Agreement and the rights of the parties hereunder shall be construed and interpreted in accordance with the
laws of the State of Ohio, without application of the rules regarding conflicts of laws. 
 8. THE ADDITIONAL BORROWER AND THE
GLOBAL AGENT, ON BEHALF OF ITSELF AND EACH LENDER, HEREBY IRREVOCABLY WAIVE ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. 

  
 D-2









 [Remainder of page intentionally left blank] 

  
 D-3









 IN WITNESS WHEREOF, the Additional Borrower and the Global Agent have executed this
Agreement as of the date first written above. 
  

			
	 ADDITIONAL BORROWER:

	
	 [FOREIGN SUBSIDIARY BORROWER]

	 [CANADIAN BORROWER]

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 GLOBAL AGENT:

	
	PNC BANK, NATIONAL ASSOCIATION, as Global Agent for the Lenders
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	



  
 D-4










			
	AGREED AND CONSENTED TO BY:
	
	BORROWERS:
	
	ABERCROMBIE & FITCH MANAGEMENT CO.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 AFH CANADA STORES CO.

		
	By:	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ABERCROMBIE & FITCH (UK) LIMITED

		
	By:	 	  

	 Name:
	 	
	 Title:
	 	
	
	 HOLLISTER CO. (UK) LTD

		
	By:	 	  

	 Name:
	 	
	 Title:
	 	
	
	ABERCROMBIE & FITCH EUROPE S.A.
		
	By:	 	  

	 Name:
	 	
	 Title:
	 	
	
	 AFH JAPAN, G.K.

		
	By:	 	  

	 Name:
	 	
	 Title:
	 	


  
 D-5










			
	 [ADDITIONAL BORROWERS]

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	


  
 D-6









 EXHIBIT E 
 COMPLIANCE CERTIFICATE 
 [Insert Date] 

PNC Bank, National Association, as Global Agent 
 500 First Avenue, 4th Floor 
 Pittsburgh, Pennsylvania 15219 
 Attention: Agency Services 
 Each Lender party to the Amended and Restated 

Credit Agreement referred to below 
 Ladies and Gentlemen: 
 Reference is made to that certain Amended and Restated
Credit Agreement, dated as of July     , 2011, among Abercrombie & Fitch Management Co. (the “Company”), the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co. (the
“Parent”), the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the
Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”), terms
defined therein being used herein as therein defined). Pursuant to Section 6.01(c) of the Credit Agreement, the undersigned hereby certifies to the Global Agent and the Lenders as follows: 

(a) I am the duly elected
[                    ] of the Company and the Parent. 
 (b) I am familiar with the terms of the Credit Agreement and the other Loan Documents, and I have made, or have caused to be made under my supervision, a review in reasonable detail of the transactions
and conditions of the Company and its Subsidiaries during the accounting period covered by the attached financial statements. 

(c) The review described in paragraph (b) above did not disclose, and I have no knowledge of, the existence of any condition or
event that constitutes or constituted a Default or Event of Default at the end of the accounting period covered by the attached financial statements or as of the date of this Compliance Certificate. 

(d) The representations and warranties of the Credit Parties contained in the Credit Agreement and in the other Loan Documents are true
and correct with the same effect as though such representations and warranties had been made on and at the date hereof, except to the extent that such representation or warranty is limited to another particular date, in which instance, such
representation or warranty shall be true and correct in and as of such other date. 
 (e) Set forth on Attachment I
hereto are (i) calculations of the financial covenants set forth in Section 7.07 of the Credit Agreement, which calculations show compliance with the terms thereof for the fiscal quarter of the Company ending
[                    ], and (ii) calculations showing compliance with Sections 7.01 and 7.04(c) of the Credit Agreement. 

  
 E-1









 
			
	Very truly yours,
	
	ABERCROMBIE & FITCH MANAGEMENT CO.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ABERCROMBIE & FITCH CO.
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 E-2









 EXHIBIT F 
 CLOSING CERTIFICATE OF 
 ABERCROMBIE & FITCH MANAGEMENT CO. 

ABERCROMBIE & FITCH MANAGEMENT CO., a Delaware corporation (the “Company”), hereby certifies that the officer
executing this Closing Certificate is an Authorized Officer of the Company and that such officer is duly authorized to execute this Closing Certificate, which is hereby delivered on behalf of the Company pursuant to Section 5.01(e) of the
Amended and Restated Credit Agreement, dated as July     , 2011 (the terms defined therein being used herein as therein defined), among the Company, the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch
Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third
Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”). 

The undersigned further certifies that at and as of the Closing Date and both before and after giving effect to the initial Borrowings
under the Credit Agreement and the application of the proceeds thereof: 
 1. No Default or Event of Default has occurred and is
continuing. 
 2. All representations and warranties of the Credit Parties contained in the Credit Agreement and in the other
Loan Documents are true and correct with the same effect as though such representations and warranties had been made on and as of the Closing Date, except to the extent that such representation or warranty is limited to another particular date, in
which instance, such representation or warranty shall be true and correct on and as of such other date. 
 3. Other than as disclosed on
Schedule 4.06 to the Credit Agreement, there is no Reportable Event or any other material labor-related matter involving any Credit Party or any ERISA Affiliate. 
 IN WITNESS WHEREOF, the Company has caused this Closing Certificate to be executed by its [Insert title of Authorized Officer] thereunto duly authorized, on and as of this      day of
            , 20    . 
  

			
	ABERCROMBIE & FITCH MANAGEMENT CO.
		
	By:	 	  

	Name:	 	  

	Title:	 	


  

  
 F-1









 EXHIBIT G 
 ASSIGNMENT AGREEMENT 

DATE:                     

Reference is made to the Amended and Restated Credit Agreement, dated as of July     , 2011 among
Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan
Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated
or otherwise modified from time to time, the “Credit Agreement”). 

                     (the
“Assignor”) and                     (the “Assignee”) hereby agree as follows: 

1. The Assignor hereby sells and assigns to the Assignee without recourse and without representation or warranty (other than as expressly
provided herein), and the Assignee hereby purchases and assumes from the Assignor, that interest in and to all of the Assignor’s rights and obligations under the Credit Agreement as of the date hereof which represents the percentage interest
specified in Item 4 of Annex I (the “Assigned Share”) of all of Assignor’s outstanding rights and obligations under the Credit Agreement indicated in Item 4 of Annex I, including, without limitation, all rights and
obligations with respect to the Assigned Share of the Assignor’s Commitment and of the Loans, Unpaid Drawings and the Notes held by the Assignor. After giving effect to such sale and assignment, the Assignee’s Commitments will be as set
forth in Item 4 of Annex I. 
 2. The Assignor: (a) represents and warrants that it is duly authorized to enter into
and perform the terms of this Assignment Agreement, that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any liens or security interests; (b) makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the other Loan Documents or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of the Credit Agreement or the other Loan Documents or any other instrument or document furnished pursuant thereto; and (c) makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Borrowers or any of their Subsidiaries or the performance or observance by any Borrower or any of the other Credit Parties of any of its obligations under the Credit Agreement or the other Loan Documents or
any other instrument or document furnished pursuant thereto. 
 3. The Assignee: (a) represents and warrants that it is
duly authorized to enter into and perform the terms of this Assignment Agreement; (b) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to
therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment Agreement; (c) agrees that it will, independently and without reliance upon the Global
Agent, the Assignor 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 the Credit Agreement; (d) appoints and
authorizes each Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to such Agent by the terms thereof, together with such powers as are reasonably
incidental thereto; (e) agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Credit Agreement are required to be performed by it as a Lender; (f) has delivered the completed forms
described in Section 3.03(b) of the Credit Agreement, including the 

  
 G-1









 
Withholding Certificate, the Exemption Certificate (if applicable), the FATCA Documentation (if applicable) and the Qualifying Certificate (collectively, the “Forms”); and
(g) that all such Forms, as completed, are true and correct in all material respects as of the date hereof. 
 4. Following
the execution of this Assignment Agreement by the Assignor and the Assignee, an executed original hereof (together with all attachments) will be delivered to the Global Agent. The effective date of this Assignment Agreement shall be the date of
execution hereof by the Assignor, the Assignee and the consent hereof by the Global Agent and, if required, the Company, the receipt by the Global Agent of the administrative fee referred to in Section 11.05(c)(i)(E) of the Credit Agreement,
unless otherwise specified in Item 5 of Annex I hereto (the “Settlement Date”). 
 5. Upon the delivery of
a fully executed original hereof to the Global Agent, as of the Settlement Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment Agreement, shall have the rights and obligations of a
Lender thereunder and under the other Loan Documents, and (b) the Assignor shall, to the extent provided in this Assignment Agreement, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan
Documents. 
 6. It is agreed that upon the effectiveness hereof, the Assignee shall be entitled to (a) all interest on the
Assigned Share of the Loans at the rates specified in Item 6 of Annex I, (b) all Facility Fees (if applicable) on the Assigned Share of the Commitment at the rate specified in Item 7 of Annex I, and (c) all LC Fees (if
applicable) on the Assignee’s participation in all Letters of Credit at the rate specified in Item 8 of Annex I hereto, which, in each case, accrue on and after the Settlement Date, such interest and, if applicable, Facility Fees and LC
Fees, to be paid by the Global Agent, upon receipt thereof from the Borrowers, directly to the Assignee. It is further agreed that all payments of principal made by the Borrowers on the Assigned Share of the Loans that occur on and after the
Settlement Date will be paid directly by the Global Agent to the Assignee. Upon the Settlement Date, the Assignee shall pay to the Assignor an amount specified by the Assignor in writing that represents the Assigned Share of the principal amount of
the respective Loans made by the Assignor pursuant to the Credit Agreement that are outstanding on the Settlement Date, net of any closing costs, and that are being assigned hereunder. The Assignor and the Assignee shall make all appropriate
adjustments in payments under the Credit Agreement for periods prior to the Settlement Date directly between themselves on the Settlement Date. 
 7. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF OHIO, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAW. 

*  *  * 
 IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written. 

 

			
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[NAME OF ASSIGNEE]
		
	By:	 	  




  
 G-2









 
			
	 Name:
	 	  

	 Title:
	 	  



  

			
	Acknowledged and Agreed:
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as Global Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[If Required]
	
	ABERCROMBIE & FITCH MANAGEMENT CO.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[If Required]
	
	AFH CANADA STORES CO.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[If Required]
	
	ABERCROMBIE & FITCH (UK) LIMITED
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[If Required]
	
	HOLLISTER CO. (UK) LTD
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[If Required]


  
 G-3










			
	ABERCROMBIE & FITCH EUROPE S.A.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[If Required]
	
	AFH JAPAN, G.K.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[If Required]


  
 G-4









 ANNEX I 
 TO 
 ASSIGNMENT AND ASSUMPTION AGREEMENT 

 

	1.	The Borrowers: 


ABERCROMBIE & FITCH MANAGEMENT CO. 
 AFH CANADA STORES CO. 
 ABERCROMBIE & FITCH (UK) LIMITED 

HOLLISTER CO. (UK) LTD 
 ABERCROMBIE & FITCH EUROPE S.A. 
 AFH JAPAN, G.K. 

 

	2.	Name and Date of Credit Agreement: 

 Amended and Restated Credit Agreement among Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, the
Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and
The Huntington National Bank, as co-documentation agent (as may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”). 

 

	3.	Date of Assignment Agreement: 


                 , 20     

 

	4.	Amounts (as of date of item #3 above): 

  

									
	 	  	Commitment	 	 	Loans	 
	 Aggregate Amount for all Lenders
	  	$	            	  	 	$	            	  
	 Type of Loan
	  				 			
	 Assigned Share
	  	 	    	%* 	 	 	    	%* 
	 Amount of Assigned Share
	  	$	            	  	 	$	            	  
	 Amount Retained by Assignor
	  	$	            	  	 	$	            	  

  

	5.	Settlement Date: 


            ,
             
  

	*	Set forth to at least 9 decimals, as a percentage of the Loans of all Lenders thereunder. 


  
 G-5










					
	6.	  	 Rate of Interest
 to the
Assignee:
  
	  	As set forth in Section 2.09 of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee).
			
	7.	  	 Facility Fees:
  
	  	As set forth in Section 2.11(a) of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee).
			
	8.	  	 LC Fees:
  
	  	As set forth in Section 2.11(c) and/or (e), as applicable, of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee).
			
	9.	  	Notices:	  	

  

							
	 ASSIGNOR:
  

 
  
 Attention:
 Telephone No.:
 Facsimile No.:
	  		  	 ASSIGNEE:
  

 
  
 Attention:
 Telephone No.:
 Facsimile No.:
	  	

  

	10.	Payment Instructions: 

  

							
	 ASSIGNOR:
  

 
  
 ABA No.
 Account No.:
 Reference:
 Attention:
 Telephone No.:
 Facsimile No.:
	  		  	 ASSIGNEE:
  

 
  
 ABA No.
 Account No.:
 Reference:
 Attention:
 Telephone No.:
 Facsimile No.:
	  	


  
 G-6









 EXHIBIT H 

 
  

FORM OF 

EXEMPTION CERTIFICATE 
  

 

  
 H-1









 EXEMPTION CERTIFICATE 

Reference is made to the Amended and Restated Credit Agreement dated as of July     , 2011, among
Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan
Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated
or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them in the Credit Agreement.
                    [Name of Lender] (the “Non-U.S. Lender”) is providing this certificate pursuant to Section 3.03(b)
and/or 11.05(c) of the Credit Agreement. 
 The Non-U.S. Lender hereby represents and warrants that: 

1. The Non-U.S. Lender is the sole record and beneficial owner of the Loans or the obligations evidenced by Note(s) in respect of which
it is providing this certificate; 
 2. The Non-U.S. Lender is not a “bank” for purposes of Section 881(c)(3)(A)
of the Internal Revenue Code of 1986, as amended (the “Code”). In this regard, the Non-U.S. Lender further represents and warrants that: 
 a. the Non-U.S. Lender is not subject to regulatory or other legal requirements as a bank in any jurisdiction; and 
 b. the Non-U.S. Lender has not been treated as a bank for purposes of any tax, securities law or other filing or submission made to any Governmental Authority, any application made to a rating agency or
qualification for any exemption from tax, securities law or other legal requirements; 
 3. The Non-U.S. Lender is not a
10-percent shareholder of any Borrower within the meaning of Section 881(c)(3)(B) of the Code; 
 4. The Non-U.S. Lender is
not a controlled foreign corporation related to any Borrower within the meaning of Section 881(c)(3)(C) of the Code; and 

5. The Non-U.S. Lender’s income from the Loans or the obligations evidenced by the Note(s) is not effectively connected with the
conduct of a trade or business within the United States. 
 We have furnished you with a certificate of our non-U.S. person
status on Internal Revenue Service Form W-8BEN. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 H-2









 IN WITNESS WHEREOF, the undersigned has caused this certificate to be executed as of this
        day of             , 20    . 

 

			
	
	  
 [Name of Lender/Participant]

		
	 By:
	 	  

	 Title:
	 	  




  
 H-3









 EXHIBIT I 

 
  

FORM OF 

WITHHOLDING CERTIFICATE 
  

 

  
 I-1









 WITHHOLDING CERTIFICATE 

Reference is made to the Amended and Restated Credit Agreement dated as of July     , 2011, among
Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan
Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated
or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them in the Credit Agreement. [Name of Lender/Participant] (the
“Lender/Participant”) is providing this Withholding Certificate pursuant to Section 3.03(b) and/or 11.05(c) of the Credit Agreement. 
 The Lender/Participant hereby represents and warrants that as of the date hereof the rate of withholding tax applicable with respect to payments made to the Lender/Participant by a Borrower incorporated
under the laws of: 
 (a) the United States of America, any state thereof, the District of Columbia or any United States
possession is          (if none, state “N/A”); 
 (b) Switzerland is
         (if none, state “N/A”); 
 (c) Canada is
         (if none, state “N/A”); 
 (d) Japan is
         (if none, state “N/A”); 
 (e) England and Wales is
         (if none, state “N/A”); 
 (f) The Netherlands is
         (if none, state “N/A”); and 
 (g) Luxembourg is
         (if none, state “N/A”). 
 IN WITNESS WHEREOF, the undersigned has
caused this certificate to be executed as of this      day of             , 20    . 

 

			
	  

	[Name of Lender/Participant]



			
		
	By:	 	
 




			
	Title:	 	  




  
 I-2









 EXHIBIT J 

 
  

FORM OF 

QUALIFYING CERTIFICATE 
  

 

  
 J-1









 QUALIFYING SWISS LENDER CERTIFICATE 

Reference is made to the Amended and Restated Credit Agreement dated as of July     , 2011, among
Abercrombie & Fitch Management Co., the Foreign Subsidiary Borrowers party thereto, Abercrombie & Fitch Co., the lenders party thereto, the Global Agent, PNC Capital Markets LLC, as co-lead arranger and co-bookrunner, J.P. Morgan
Securities, LLC, as co-lead arranger and co-bookrunner, JPMorgan Chase Bank, N.A., as the Syndication Agent, Fifth Third Bank, as co-documentation agent and The Huntington National Bank, as co-documentation agent (as may be further amended, restated
or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them in the Credit Agreement. The undersigned,
                     [Name of Lender/Participant] (the “Lender/Participant”) is providing this certificate pursuant to
Section 3.03(b) and/or 11.05(f) of the Credit Agreement. 
 The Lender/Participant hereby represents and warrants either
that: 
 1. It is a financial institution that (i) qualifies as a bank pursuant to the banking laws in force in its country
of incorporation, (ii) carries on a true banking activity in such jurisdiction as its main purpose, and (iii) has personnel, premises, communication devices and decision-making authority of its own, all as per the explanatory notes of the
Swiss Federal Tax Administration No. S-02-123(9.86) and S-02.128(1.2000) or legislation or explanatory notes addressing the same issues which are in force at such time (a “Swiss Qualifying Lender”) [    ]
Yes   [    ] No; or 
 2. It is not a Swiss Qualifying Lender    
[    ] Yes   [    ] No 
 IN WITNESS WHEREOF, the undersigned has caused this
certificate to be executed as of this      day of             , 20    . 

 

			
	  

	[Name of Lender/Participant]



			
		
	By:	 	
 




			
	Title:	 	  




  
 J-2