# EDGAR Filing Document

**Accession Number:** 0000021076
**File Stem:** 0001206774-26-000133
**Filing Date:** 2026-3
**Character Count:** 603641
**Document Hash:** f28b0a86ac78639c3ef39629d664450b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001206774-26-000133.hdr.sgml**: 20260310

**ACCESSION NUMBER**: 0001206774-26-000133

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260306

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260310

**DATE AS OF CHANGE**: 20260310

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLOROX CO /DE/
- **CENTRAL INDEX KEY:** 0000021076
- **STANDARD INDUSTRIAL CLASSIFICATION:** SPECIALTY CLEANING, POLISHING AND SANITATION PREPARATIONS [2842]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 310595760
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07151
- **FILM NUMBER:** 26739491

**BUSINESS ADDRESS:**
- **STREET 1:** THE CLOROX COMPANY
- **STREET 2:** 1221 BROADWAY
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94612-1888
- **BUSINESS PHONE:** 5102717000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 24305
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94612-1305

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 6, 2026

![](clx4605211-8k1x1x1.jpg)

THE CLOROX COMPANY (Exact name of registrant as specified in its charter)

Delaware 1-07151 31-0595760 <br> (State or other jurisdiction of (Commission File Number) (I.R.S. Employer <br> incorporation) Identification No.)

**1221 Broadway, Oakland, California 94612-1888** (Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;(Zip code)

**(510) 271-7000**

(Registrant's telephone number, including area code)

**Not applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 Under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br> Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock - $1.00 par value | CLX | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp; ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 1.01 Entry into a Material Definitive Agreement** 

On March 6, 2026, in connection with the purchase of all of the issued and outstanding membership interests of GOJO Industries, Inc. ("GOJO"), maker of PURELL® (the "Gojo Acquisition"), pursuant to a membership interest purchase agreement (the "Acquisition Agreement"), by and among The Clorox Company (the "Company"), GOJO Industries Holdings, Inc., GOJO and certain shareholders, the Company entered into (i) a $1,000,000,000 364-day revolving credit agreement (the "364-Day Revolving Credit Agreement") among JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association, as administrative agents and lenders, and the other agents and lenders party thereto and (ii) a $1,250,000,000 term credit agreement (the "Delayed Draw Term Credit Agreement" and together with the 364-Day Revolving Credit Agreement, the "Credit Agreements") among JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association, as administrative agents and lenders, and the other agents and lenders party thereto. JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Securities, LLC acted as the joint lead arrangers and joint bookrunners under both Credit Agreements. JPMorgan Chase Bank, N.A. is also acting as the servicing agent under both Credit Agreements. Capitalized terms used but not defined in this 8-K have the meanings assigned to such terms in the applicable Credit Agreement.

*364-Day Revolving Credit Agreement*

Amounts available under the 364-Day Revolving Credit Agreement are for general corporate purposes. The obligations of the Company under the 364-Day Revolving Credit Agreement constitute senior unsecured and unguaranteed indebtedness of the Company. The 364-Day Revolving Credit Agreement provides the terms under which the lenders will lend funds to the Company and contains representations and warranties and affirmative and negative covenants customary for similar facilities, including (among others) restrictions on liens, consolidations, mergers, and asset sales. The only financial covenant in the 364-Day Revolving Credit Agreement is a consolidated interest coverage ratio. The 364-Day Revolving Credit Agreement also provides for events of default customary for similar facilities, including (among others) nonpayment, covenant defaults, breaches of representations or warranties, bankruptcy and insolvency events, cross defaults and a change of control.

In the event the Company or any of its subsidiaries receives net cash proceeds in connection with the issuance or sale of certain indebtedness or equity (subject to certain exceptions) while commitments remain outstanding under the 364-Day Revolving Credit Agreement, such commitments shall automatically and permanently be reduced by the amount of such net cash proceeds 90 days after the receipt of such net cash proceeds; provided this commitment reduction shall only apply after the commitments and loans outstanding under the Delayed Draw Term Credit Agreement have been reduced to zero and terminated. Borrowings are available under the 364-Day Revolving Credit Agreement until March 5, 2027, unless the Company elects to convert all then outstanding amounts into a term loan maturing on March 5, 2028.

Borrowings are available in U.S. dollars. The Company has the option to elect one of two methods for calculating the interest due on borrowings under the 364-Day Revolving Credit Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the base rate (the "Base Rate"), equal to the highest of (i) the rate quoted by The Wall Street Journal as the "Prime Rate" in the U.S. from time to time, (ii) the sum of one half of one percent plus the greater of (x) the federal funds effective rate and (y) the overnight bank funding rate, in each case as determined by the Federal Reserve Bank of New York and (iii) the Term SOFR Rate for a one month interest period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a Business Day, the immediately preceding Business Day) plus one percent (provided that if the base rate is less than one percent, such rate shall be deemed to be one percent); plus an applicable margin that fluctuates depending on the credit rating assigned to the senior unsecured long-term debt securities of the Company (the "Credit Rating"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) a rate equal to the Term SOFR Rate for the applicable interest period, plus an applicable margin that fluctuates depending on the Credit Rating.

The Company is required to pay a quarterly facility fee, which varies depending on the Credit Rating.

The foregoing description of the 364-Day Revolving Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the 364-Day Revolving Credit Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

*Delayed Draw Term Credit Agreement*

The Delayed Draw Term Credit Agreement provides the Company with the ability to borrow up to $1,250,000,000 at the closing of the Gojo Acquisition, subject to satisfaction of customary closing conditions for similar facilities, for the purpose of financing a portion of the consideration under the Acquisition Agreement, paying related fees and expenses and repaying certain indebtedness of Gojo as contemplated by the Acquisition Agreement, with remaining amounts available to Clorox for general corporate purposes.

The obligations of the Company under the Delayed Draw Term Credit Agreement constitute senior unsecured and unguaranteed indebtedness of the Company. The Delayed Draw Term Credit Agreement contains representations and warranties and affirmative and negative covenants customary for similar facilities, including (among others) restrictions on liens, consolidations, mergers, and asset sales. The only financial covenant in the Delayed Draw Term Credit Agreement is a consolidated interest coverage ratio. The Delayed Draw Term Credit Agreement also provides for events of default customary for similar facilities, including (among others) nonpayment, covenant defaults, breaches of representations or warranties, bankruptcy and insolvency events, cross defaults and a change of control.

In the event the Company or any of its subsidiaries receives net cash proceeds in connection with the issuance or sale of certain indebtedness or equity (subject to certain exceptions), the outstanding commitments and any loans under the Delayed Draw Term Credit Agreement shall automatically and permanently be reduced or required to be prepaid, as applicable, by the amount of such net cash proceeds. Any loans under the Delayed Draw Term Credit Agreement mature on March 5, 2027. The commitments to provide loans under the Delayed Draw Term Credit Agreement terminate on the earliest of December 31, 2026, the date the Acquisition Agreement is terminated or the date on which Gojo Acquisition is consummated without the use of the financing available under the Delayed Draw Term Credit Agreement.

Borrowings are available in U.S. dollars. The Company has the option to elect one of two methods for calculating the interest due on borrowings under the Delayed Draw Term Credit Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the Base Rate; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) a rate equal to the Term SOFR Rate for the applicable interest period, plus an applicable margin that fluctuates depending on the Credit Rating.

The Company is required to pay a ticking fee on undrawn amounts, which varies depending on the Credit Rating.

The foregoing description of the Delayed Draw Term Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Delayed Draw Term Credit Agreement, a copy of which is attached hereto as Exhibit 10.2 and incorporated herein by reference.

Certain lenders party to the Credit Agreements, directly or through affiliates, have pre-existing relationships with the Company, including one or more of the following: participating in prior credit facilities, share repurchase programs, bond offerings, or derivative transactions; acting as dealers in the Company's commercial paper programs or as foreign exchange traders; or providing commercial paper safekeeping, investment banking advisory, or cash management.

---

| | |
|:---|:---|
| **Item 2.03**  | **Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.** |

---

The information set forth in Item 1.01 is hereby incorporated in this Item 2.03 by reference.

**Item 9.01 Financial Statements and Exhibits**

**(d) Exhibits** 

See the Exhibit Index below.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit** | **Description** |
| [10.1](clx4605211-ex101.htm) | [364-Day Revolving Credit Agreement, dated as of March 6, 2026, among The Clorox Company, the lenders listed therein, JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association, as Administrative Agents, and JPMorgan Chase Bank, N.A., as Servicing Agent.](clx4605211-ex101.htm) |
| [10.2](clx4605211-ex102.htm) | [Term Credit Agreement, dated as of March 6, 2026, among The Clorox Company, the lenders listed therein, JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association, as Administrative Agents, and JPMorgan Chase Bank, N.A., as Servicing Agent.](clx4605211-ex102.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE CLOROX COMPANY

---

| | | |
|:---|:---|:---|
| Date: March 10, 2026 | By: | /s/ Angela Hilt |
|  |  | Angela Hilt<br> Executive Vice President – Chief Legal and External Affairs Officer and Corporate Secretary |

---

## Exhibit 10.1

**Exhibit 10.1**

EXECUTION VERSION

364-DAY REVOLVING CREDIT AGREEMENT

dated as of

March 6, 2026,

among

The Clorox Company,

The BANKS party hereto,

JPMorgan Chase Bank, N.A.,

Citibank, N.A.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agents,

and

JPMorgan Chase Bank, N.A.,

as Servicing Agent

___________________________

JPMorgan Chase Bank, N.A.,

Citibank, N.A.

and

WELLS FARGO SECURITIES, LLC,

Joint Lead Arrangers and Joint Bookrunners

<u>**TABLE OF CONTENTS**</u>

<u>Page</u>

---

| | | |
|:---|:---|:---|
| **Article 1** | **Article 1** | **Article 1** |
| Definitions | Definitions | Definitions |
| Section 1.01 | Definitions | 1 |
| Section 1.02 | Accounting Terms and Determinations | 20 |
| Section 1.03 | Terms Generally | 20 |
| Section 1.04 | Interest Rates; Benchmark Notification | 21 |
| Section 1.05 | Divisions | 21 |
| **Article 2** | **Article 2** | **Article 2** |
| The Credits | The Credits | The Credits |
| Section 2.01 | Commitments to Lend | 21 |
| Section 2.02 | Loans and Borrowings | 21 |
| Section 2.03 | Notice of Borrowing | 22 |
| Section 2.04 | Notice to Banks; Funding of Loans | 22 |
| Section 2.05 | Notes | 23 |
| Section 2.06 | Maturity of Loans | 23 |
| Section 2.07 | Interest Rates | 23 |
| Section 2.08 | Method of Electing Interest Rates | 24 |
| Section 2.09 | Fees | 25 |
| Section 2.10 | Optional Termination or Reduction of Commitments | 26 |
| Section 2.11 | Mandatory Termination or Reduction of Commitments | 26 |
| Section 2.12 | Optional Prepayments | 27 |
| Section 2.13 | Mandatory Prepayments. | 27 |
| Section 2.14 | General Provisions as to Payments | 28 |
| Section 2.15 | Funding Losses | 28 |
| Section 2.16 | Computation of Interest and Fees | 29 |
| Section 2.17 | Defaulting Banks | 29 |
| **Article 3** | **Article 3** | **Article 3** |
| Conditions | Conditions | Conditions |
| Section 3.01 | Conditions to Effectiveness | 30 |
| Section 3.02 | Conditions to Borrowings | 31 |
| Section 3.03 | Conditions to Term-Out Option | 31 |
| **Article 4** | **Article 4** | **Article 4** |
| Representations And Warranties | Representations And Warranties | Representations And Warranties |
| Section 4.01 | Corporate Existence and Power | 32 |
| Section 4.02 | Corporate and Governmental Authorization; No Contravention | 32 |
| Section 4.03 | Binding Effect | 32 |
| Section 4.04 | Financial Information | 32 |

---

---

| | | |
|:---|:---|:---|
| Section 4.05 | Litigation | 33 |
| Section 4.06 | Compliance with ERISA | 33 |
| Section 4.07 | Environmental Matters | 33 |
| Section 4.08 | Taxes | 33 |
| Section 4.09 | Subsidiaries | 33 |
| Section 4.10 | Full Disclosure | 34 |
| Section 4.11 | Margin Regulations | 34 |
| Section 4.12 | Investment Company Act | 34 |
| Section 4.13 | Anti-Corruption Laws and Sanctions | 34 |
| **Article 5** | **Article 5** | **Article 5** |
| Covenants | Covenants | Covenants |
| Section 5.01 | Information | 34 |
| Section 5.02 | Maintenance of Property; Insurance | 36 |
| Section 5.03 | Conduct of Business and Maintenance of Existence | 37 |
| Section 5.04 | Compliance with Laws | 37 |
| Section 5.05 | Consolidated Interest Coverage Ratio | 37 |
| Section 5.06 | Negative Pledge | 37 |
| Section 5.07 | Consolidations, Mergers and Sales of Assets | 39 |
| Section 5.08 | Use of Proceeds | 39 |
| **Article 6** | **Article 6** | **Article 6** |
| Defaults | Defaults | Defaults |
| Section 6.01 | Events of Default | 39 |
| Section 6.02 | Notice of Default | 41 |
| **Article 7** | **Article 7** | **Article 7** |
| The Agents | The Agents | The Agents |
| Section 7.01 | Appointment and Authorization | 41 |
| Section 7.02 | Rights as a Bank | 41 |
| Section 7.03 | Duties of Agent; Exculpatory Provisions | 42 |
| Section 7.04 | Reliance by Agent | 43 |
| Section 7.05 | Delegation of Duties | 43 |
| Section 7.06 | Resignation of Agent | 44 |
| Section 7.07 | Non-Reliance on Agent and Other Banks | 45 |
| Section 7.08 | No Other Duties, etc | 47 |
| Section 7.09 | Fees | 47 |
| Section 7.10 | Bank ERISA Representation | 47 |
| Section 7.11 | Posting of Communications | 49 |
| **Article 8** | **Article 8** | **Article 8** |
| Change in Circumstances | Change in Circumstances | Change in Circumstances |
| Section 8.01 | Alternate Rate of Interest | 50 |

---

---

| | | |
|:---|:---|:---|
| Section 8.02 | Reserved | 52 |
| Section 8.03 | Increased Cost and Reduced Return | 52 |
| Section 8.04 | Taxes | 53 |
| Section 8.05 | Base Rate Loans Substituted for Affected Term Benchmark Loans | 56 |
| Section 8.06 | Mitigation Obligations; Replacement of Banks | 56 |
| **Article 9** | **Article 9** | **Article 9** |
| Miscellaneous | Miscellaneous | Miscellaneous |
| Section 9.01 | Notices | 57 |
| Section 9.02 | No Waivers | 59 |
| Section 9.03 | Expenses, Indemnification; Limitation of Liability | 59 |
| Section 9.04 | Sharing of Set-Offs | 60 |
| Section 9.05 | Amendments and Waivers | 61 |
| Section 9.06 | Successors and Assigns | 61 |
| Section 9.07 | Confidentiality | 65 |
| Section 9.08 | Collateral | 66 |
| Section 9.09 | Governing Law; Submission to Jurisdiction | 66 |
| Section 9.10 | Counterparts; Integration; Electronic Execution | 66 |
| Section 9.11 | Survival | 67 |
| Section 9.12 | WAIVER OF JURY TRIAL | 68 |
| Section 9.13 | Headings | 68 |
| Section 9.14 | Severability | 68 |
| Section 9.15 | Non-Public Information | 68 |
| Section 9.16 | Interest Rate Limitation | 68 |
| Section 9.17 | Right to Setoff | 68 |
| Section 9.18 | USA PATRIOT Act | 69 |
| Section 9.19 | No Fiduciary Duty | 69 |
| Section 9.20 | Acknowledgement and Consent to Bail-In of Affected Financial Institutions | 69 |

---

Commitment Schedule

Pricing Schedule

Exhibit A – Note

Exhibit B – Assignment and Assumption Agreement

364-DAY REVOLVING CREDIT AGREEMENT dated as of March 6, 2026 (this "**Agreement**"), among THE CLOROX COMPANY, the BANKS party hereto, JPMORGAN CHASE BANK, N.A., CITIBANK, N.A. and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agents, and JPMORGAN CHASE BANK, N.A., as Servicing Agent.

The parties hereto agree as follows:

**Article 1**

Definitions

Section 1.01 *<u>Definitions</u>*. The following terms, as used herein, have the following meanings:

"**Acquired Company**" means GOJO Industries, Inc., an Ohio corporation.

"**Acquisition Agreement**" means that certain Membership Interest Purchase Agreement, dated as of January 17, 2026, by and among the Borrower, the Acquired Company and certain shareholders party thereto, together with the schedules, exhibits and annexes thereto.

"**Administrative Agent**" means each of JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, in its capacity as an administrative agent for the Banks hereunder, and its successors in such capacity.

"**Administrative Questionnaire**" means, with respect to each Bank, an administrative questionnaire in the form provided by the Servicing Agent, completed by such Bank and submitted to the Servicing Agent (with a copy to the Borrower).

"**Affiliate**" means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. For purposes of the foregoing, "**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.

"**Affected Financial Institution**" means (a) any EEA Financial Institution or (b) any UK Financial Institution.

"**Agent**" means any of the Administrative Agents and the Servicing Agent.

"**Agreement**" has the meaning set forth in the preamble.

"**Ancillary Document**" has the meaning set forth in <u>Section 9.10(b)</u>.

"**Anti-Corruption Laws**" means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or corruption.

"**Applicable Lending Office**" means, as to each Bank, its office located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Applicable Lending Office) or such other office as such Bank may hereafter designate as its Applicable Lending Office by notice to the Borrower and the Servicing Agent.

"**Applicable Margin**" means, for any day, (i) with respect to any Base Rate Loan, the applicable rate per annum determined in accordance with the Pricing Schedule and (ii) with respect to any Term Benchmark Loan, the applicable rate per annum determined in accordance with the Pricing Schedule.

"**Approved Electronic Platform**" means IntraLinks™, DebtDomain, SyndTrak, ClearPar or any other electronic platform chosen by the Servicing Agent to be its electronic transmission system.

"**Arrangers**" means JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Securities, LLC, in their capacities as joint lead arrangers and joint bookrunners for the credit facility established hereunder.

"**Assignment and Assumption**" means an assignment and assumption entered into by a Bank and an Eligible Assignee (with the consent of any party whose consent is required by <u>Section 9.06</u>), and accepted by the Servicing Agent, in substantially the form of Exhibit B or any other form approved by the Servicing Agent.

"**Available Tenor**" means, as of any date of determination and with respect to the then-current Benchmark, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of "Interest Period" pursuant to <u>paragraph (b)(v)</u> of ‎<u>Section 8.01</u>.

"**Bail-In Action**" means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

"**Bail-In Legislation**" means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their Affiliates (other than through liquidation, administration or other insolvency proceedings).

"**Bank**" means each Person listed on the Commitment Schedule and any other Person that shall have become a Bank pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

"**Bank Insolvency Event**" means, with respect to any Bank, that (a) such Bank or its Parent is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (b) such Bank or its Parent has become the subject of a Bail-In Action or a proceeding under any debtor relief law, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Bank or its Parent, or such Bank or its Parent has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment.

"**Base Rate**" means, for any day, a rate per annum equal to the highest of (i) the Prime Rate for such day, (ii) the sum of 1/2 of 1% plus the NYFRB Rate for such day and (iii) the Term SOFR Rate for a one month Interest Period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day) plus 1.00%. For the purpose of <u>clause (iii)</u> of this definition, the Term SOFR Rate for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m. (Chicago time) on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology); <u>provided</u> that if such rate as so determined shall be less than zero, such rate shall be deemed to be zero. Any change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Term SOFR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Term SOFR Rate, respectively. If the Base Rate is being used as an alternate rate of interest pursuant to <u>‎Section 8.01</u> (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to <u>‎Section 8.01(b)</u>), then the Base Rate shall be the greater of <u>clauses (i)</u> and <u>(ii)</u> above and shall be determined without reference to <u>clause (iii)</u> above. Notwithstanding the foregoing, if the Base Rate as determined pursuant to the foregoing would be less than 1.00%, such rate shall be deemed to be 1.00% for purposes of this Agreement.

"**Base Rate Borrowing**" mans a Borrowing comprised of Base Rate Loans.

"**Base Rate Loan**" means a Loan which bears interest at a rate determined by reference to the Base Rate.

"**Benchmark**" means, initially, with respect to any Term Benchmark Loan, the Term SOFR Rate; <u>provided</u> that if a Benchmark Transition Event and the related Benchmark Replacement Date have occurred with respect to the Term SOFR Rate or the then-current Benchmark, then "Benchmark" means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to <u>paragraph (b)</u> of <u>Section 8.01</u>.

"**Benchmark Replacement**" means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Servicing Agent for the applicable Benchmark Replacement Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Daily Simple SOFR; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the sum of: (a) the alternate benchmark rate that has been selected by the Servicing Agent and the Borrower as the replacement for the then-current

Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities at such time in the United States and (b) the related Benchmark Replacement Adjustment.

If the Benchmark Replacement as determined pursuant to <u>clause (1)</u> or <u>(2)</u> above would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement.

"**Benchmark Replacement Adjustment**" means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Servicing Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time in the United States.

"**Benchmark Replacement Conforming Changes**" means, with respect to any Benchmark Replacement and/or any Term Benchmark Loan, any technical, administrative or operational changes (including changes to the definition of "Base Rate," the definition of "Business Day," the definition of "U.S. Government Securities Business Day," the definition of "Interest Period," timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Servicing Agent, in consultation with the Borrower, decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of such Benchmark and to permit the administration thereof by the Servicing Agent in a manner substantially consistent with market practice (or, if the Servicing Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Servicing Agent determines that no market practice for the administration of such Benchmark exists, in such other manner of administration as the Servicing Agent decides is reasonably necessary in connection with the administration of this Agreement).

"**Benchmark Replacement Date**" means, with respect to any Benchmark, the earlier to occur of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the case of <u>clause (1)</u> or <u>(2)</u> of the definition of "Benchmark Transition Event," the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such

Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of <u>clause (3)</u> of the definition of "Benchmark Transition Event," the first date on which such Benchmark (or the published component used in the calculation thereof) has been or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) have been, determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative; <u>provided</u>, that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such <u>clause (3)</u> and even if such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof), continues to be provided on such date.

For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the "Benchmark Replacement Date" will be deemed to have occurred in the case of <u>clause (1)</u> or <u>(2)</u> with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).

"**Benchmark Transition Event**" means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely, <u>provided</u> that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Board, the NYFRB, the CME Term SOFR Administrator, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component thereof), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component thereof) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component thereof), in each case, which states that the administrator of such Benchmark (or such component thereof) has ceased or will cease to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; <u>provided</u> that, at the

time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative.

For the avoidance of doubt, a "Benchmark Transition Event" will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).

"**Benchmark Unavailability Period**" means, with respect to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to <u>clause (1)</u> or <u>(2)</u> of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder in accordance with <u>Section 8.01</u> and (y) ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder in accordance with <u>Section 8.01</u>.

"**Beneficial Ownership Regulation**" means 31 C.F.R. § 1010.230.

"**Benefit Arrangement**" means, at any time, an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by the Borrower or any of its Subsidiaries.

"**Board**" means the Board of Governors of the Federal Reserve System of the United States.

"**Borrower**" means The Clorox Company, a Delaware corporation, and its successors.

"**Borrowing**" means Loans of the same Type made, converted or continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect.

"**Business Day**" means any day other than a Saturday, Sunday or other day on which banks in the State of New York are required or permitted to remain closed; <u>provided</u> that, in relation to any interest rate settings, fundings, disbursements, settlements or payments of any Term Benchmark Loan, or any other dealings of such Term Benchmark Loan, the term "Business Day" shall also exclude any day that is not a U.S. Government Securities Business Day.

"**CME Term SOFR Administrator**" means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator).

"**Commitment**" means (i) with respect to each Bank listed on the Commitment Schedule, the amount set forth opposite such Bank's name on the Commitment Schedule under the heading

"Commitment" and (ii) with respect to any Bank that becomes a Bank pursuant to <u>Section 9.06(b)</u>, the amount of the transferor Bank's Commitment assigned to it pursuant to <u>Section 9.06(b)</u>, in each case as such amount may be changed from time to time pursuant to <u>Section 2.10</u>, <u>2.11</u> or <u>9.06(b)</u>; <u>provided</u> that, if the context so requires, the term "**Commitment**" means the obligation of a Bank to make a Loan up to such amount to the Borrower hereunder.

"**Commitment Schedule**" means the Commitment Schedule attached hereto.

"**Communications**" means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of the Borrower pursuant to this Agreement or the transactions contemplated herein that is distributed to the Servicing Agent, any Administrative Agent or any Bank through an Approved Electronic Platform.

"**Consolidated EBITDA**" means, for any period, Consolidated Net Income for such period <u>plus</u>, to the extent deducted in determining Consolidated Net Income for such period and without duplication, the aggregate amount of (i) Consolidated Interest Expense, (ii) income tax expense, (iii) depreciation, amortization and other similar non-cash charges, (iv) fees and expenses incurred in connection with the issuance of any Debt or equity, acquisitions, investments or asset sales or divestitures permitted hereunder and (v) any extraordinary, non-recurring or unusual cash charges or losses for such period arising out of the restructuring, consolidation, severance or discontinuance of any portion of the operations, employees and/or management of any entities or businesses of the Borrower or any of the Subsidiaries and <u>minus</u>, to the extent included in determining Consolidated Net Income for such period and without duplication, the aggregate amount or any extraordinary, non-recurring or unusual gains; all determined on a consolidated basis in accordance with GAAP. In determining Consolidated EBITDA for any period, (a) any Consolidated Subsidiary acquired during such period by the Borrower or any other Consolidated Subsidiary shall be included on a pro forma, historical basis as if it had been a Consolidated Subsidiary during such entire period, (b) any amounts that would be included in a determination of Consolidated EBITDA for such period with respect to assets acquired during such period by the Borrower or any Consolidated Subsidiary shall be included in the determination of Consolidated EBITDA for such period and the amount thereof shall be calculated on a pro forma, historical basis as if such assets had been acquired by the Borrower or such Consolidated Subsidiary prior to the first day of such period, (c) any Consolidated Subsidiary sold or otherwise transferred during such period by the Borrower or any other Consolidated Subsidiary shall be excluded on a pro forma, historical basis as if it had not been a Consolidated Subsidiary during such entire period and (d) any amounts that would be included in a determination of Consolidated EBITDA for such period with respect to assets sold or otherwise transferred during such period by the Borrower or any Consolidated Subsidiary shall not be included in the determination of Consolidated EBITDA for such period and the amount thereof shall be calculated on a pro forma, historical basis as if such assets had been sold or otherwise transferred by the Borrower or such Consolidated Subsidiary prior to the first day of such period.

"**Consolidated Interest Expense**" means, for any period, the net interest expense of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period.

"**Consolidated Net Income**" means, for any period, the net income of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period.

"**Consolidated Subsidiary**" means, at any date, any Subsidiary or other entity the accounts of which would be consolidated with those of the Borrower in its consolidated financial statements if such statements were prepared as of such date in accordance with GAAP.

"**Corresponding Tenor**" with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

"**Credit Exposure**" means, with respect to any Bank at any time, (i) the amount of its Commitment (whether used or unused) at such time or (ii) if its Commitment terminated, its Outstanding Amount at such time.

"**Daily Simple SOFR**" means, for any day (a "**SOFR Rate Day**"), a rate per annum equal SOFR for the day (such day, "**SOFR Determination Date**") that is five U.S. Government Securities Business Day prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator's Website; <u>provided</u> that if the Daily Simple SOFR as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower. If by 5:00 p.m. (New York City time) on the second U.S. Government Securities Business Day immediately following any SOFR Determination Date, SOFR in respect of such SOFR Determination Date has not been published on the SOFR Administrator's Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then SOFR for such SOFR Determination Date will be SOFR as published in respect of the first preceding U.S. Government Securities Business Day for which such SOFR was published on the SOFR Administrator's Website.

"**Debt**" of any Person means, at any date, without duplication, (i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person to pay the deferred purchase price of property or services, except trade accounts payable arising in the ordinary course of business, (iv) all obligations of such Person as lessee which are capitalized in accordance with GAAP, (v) all non-contingent obligations (and, for purposes of <u>Sections 5.06</u> and <u>6.01(f)</u>, all contingent obligations) of such Person to reimburse any bank or other Person in respect of amounts paid under a letter of credit or similar instrument, (vi) all Debt secured by a Lien on any asset of such Person, whether or not such Debt is otherwise an obligation of such Person (calculated at the lesser of the Debt amount and the fair market value of such asset in the case of any such Debt that is non-recourse to such Person) and (vii) all Debt of others Guaranteed by such Person; <u>provided</u> that Debt of the Borrower shall not include the Borrower's obligations to make payments of principal and interest to the lessee under a "safe harbor lease" (as defined in Section 168(f)(8) of the Internal Revenue Code) to the extent that such obligations (x) are offset by the lessee's

obligations to make rental payments to the Borrower in the same amounts and on the same dates and (y) are not payable if the lessee fails to make such offsetting payments.

"**Default**" means any condition or event which constitutes an Event of Default or which with the giving of notice or lapse of time or both would, unless cured or waived, become an Event of Default.

"**Defaulting Bank**" means at any time, subject to <u>Section 2.17(c)</u>, (i) any Bank that has failed for two or more Business Days to comply with its obligations under this Agreement to make a Loan or make any other payment due hereunder, solely in the case of failure to make a Loan, unless such Bank has notified the Servicing Agent and the Borrower in writing that such failure is the result of such Bank's determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing), (ii) any Bank that has notified the Servicing Agent or the Borrower in writing, or has stated publicly, that it does not intend to comply with its funding obligations hereunder, unless such writing or statement states that such position is based on such Bank's determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement), (iii) any Bank that has defaulted on its funding obligations under other loan agreements or credit agreements generally under which it has commitments to extend credit (unless, and only during the time period when, such Bank is contesting such default in good faith) or that has notified, or whose Parent has notified, the Servicing Agent or the Borrower in writing, or has stated publicly, that it does not intend to comply with its funding obligations under loan agreements or credit agreements generally, (iv) any Bank that has, for three or more Business Days after written request of the Servicing Agent or the Borrower, failed to confirm in writing to the Servicing Agent and the Borrower that it will comply with its prospective funding obligations hereunder (<u>provided</u> that such Bank will cease to be a Defaulting Bank pursuant to this <u>clause (iv)</u> upon the Servicing Agent's and the Borrower's receipt of such written confirmation), or (v) any Bank with respect to which a Bank Insolvency Event has occurred and is continuing with respect to such Bank or its Parent; <u>provided</u> that a Bank Insolvency Event shall not be deemed to occur with respect to a Bank or its Parent solely as a result of the acquisition or maintenance of an ownership interest in such Bank or Parent by a Governmental Authority where such action does not result in or provide such Bank with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Bank (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Bank. Any determination by the Servicing Agent that a Bank is a Defaulting Bank under any of <u>clauses (i)</u> through <u>(v)</u> above will be conclusive and binding absent manifest error, and such Bank will be deemed to be a Defaulting Bank (subject to <u>Section 2.17(c)</u>) upon notification of such determination by the Servicing Agent to the Borrower and the Banks.

"**Delayed Draw Term Facility**" means the delayed draw term loan facility, in an aggregate principal amount of up to $1,250,000,000, established under the Term Credit Agreement dated as of the date hereof, among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as the administrative agents thereunder, and JPMorgan Chase Bank, N.A., as the servicing agent thereunder.

"**Derivatives Obligations**" of any Person means all obligations of such Person in respect of any rate swap transaction, basis swap, forward rate transaction, forward purchase, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of the foregoing transactions) or any combination of the foregoing transactions.

"**EEA Financial Institution**" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in <u>clause (a)</u> of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in <u>clause (a)</u> or <u>(b)</u> of this definition and is subject to consolidated supervision with its parent.

"**EEA Member Country**" means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

"**EEA Resolution Authority**" means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

"**Effective Date**" means the date this Agreement becomes effective in accordance with <u>Section 3.01</u>, which is acknowledged to be March 6, 2026.

"**Electronic Signature**" means an electronic signature, sound, symbol or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record.

"**Eligible Assignee**" means any Person that meets the requirements to be an assignee under <u>Sections 9.06(b)(iii)</u>, <u>9.06(b)(v)</u> and <u>9.06(b)(vi)</u> (subject to such consents, if any, as may be required under <u>Section 9.06(b)(iii)</u>).

"**Environmental Laws**" means any and all federal, state, local and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or other restrictions of any Governmental Authority relating to the environment, or to emissions, discharges or releases of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes into the environment including, without limitation, ambient air, surface water, ground water, or land, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes or the clean-up or other remediation thereof.

"**ERISA**" means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute thereto, as interpreted by the rules and regulations thereunder, all as the same may be in effect from time to time. Reference to any sections of ERISA shall also be construed to refer to any successor sections.

"**ERISA Group**" means the Borrower and all members of a controlled group of United States corporations and all United States trades or United States businesses (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414 of the Internal Revenue Code.

"**EU Bail-In Legislation Schedule**" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.

"**Event of Default**" has the meaning set forth in <u>Section 6.01</u>.

"**Existing Credit Agreement**" means the Credit Agreement, dated as of March 25, 2025, among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as administrative agents, and JPMorgan Chase Bank, N.A., as servicing agent.

"**Extended Maturity Date**" has the meaning set forth in <u>Section 2.06(b)</u>.

"**Facility Fee Rate**" means, for any day, the applicable rate per annum determined in accordance with the Pricing Schedule.

"**FATCA**" means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code.

"**Federal Funds Effective Rate**" means, for any day, the rate calculated by the NYFRB based on such day's federal funds transactions by depositary institutions, as determined in such manner as shall be set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; <u>provided</u> that if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

"**Fee Letters**" means, collectively, (i) the administrative agent fee letter dated February 12, 2026, between the Borrower and JPMorgan Chase Bank, N.A., (ii) the arranger fee letter dated February 12, 2026, between the Borrower and Citigroup Global Markets Inc. and (iii) the arranger fee letter dated March 6, 2026, between the Borrower, Wells Fargo Securities, LLC and Wells Fargo Bank, National Association.

"**GAAP**" means generally accepted accounting principles in the United States as in effect, subject to <u>Section 1.02</u>, from time to time.

"**Governmental Authority**" means any nation, sovereign or government, any state, province, territory or other political subdivision thereof, and any authority, agency, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government (including any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank).

"**Guarantee**" by any Person means any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing any Debt of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into for the purpose of assuring in any other manner the obligee of such Debt of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part), <u>provided</u> that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. The term "**Guarantee**" used as a verb has a corresponding meaning.

"**Indemnitee**" has the meaning set forth in <u>Section 9.03(b)</u>.

"**Index Debt**" means any senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not Guaranteed by any Person or subject to any other credit enhancement.

"**Information**" has the meaning set forth in <u>Section 9.07</u>.

"**Interest Period**" means, with respect to each Term Benchmark Loan, the period commencing on the date of borrowing specified in the applicable Notice of Borrowing or on the date of conversion or continuation specified in the applicable Notice of Interest Rate Election and ending one, three or six calendar months thereafter, as the Borrower may elect in such notice; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no Interest Period may end after the Maturity Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) no tenor that has been removed from this definition pursuant to <u>Section 8.01(b)(iv)</u> shall be available for specification in any Notice of Borrowing or any Notice of Interest Rate Election.

"**Internal Revenue Code**" means the Internal Revenue Code of 1986, as amended, or any successor statute thereto, as interpreted by the rules and regulations thereunder, all as the same may be in effect from time to time. Reference to any sections of the Internal Revenue Code shall also be construed to refer to any successor sections.

"**Lien**" means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset. For the purposes of this Agreement,

the Borrower or any Subsidiary shall be deemed to own subject to a Lien any asset which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, finance lease or other title retention agreement relating to such asset.

"**Loan**" means a loan made pursuant to <u>Section 2.01</u>.

"**Margin Regulations**" means Regulations T, U and X of the Board, as in effect from time to time.

"**Material Plan**" means at any time a Plan having aggregate Unfunded Liabilities in excess of $150,000,000.

"**Material Subsidiary**" means any Subsidiary that meets the definition of "significant subsidiary" contained as of the date hereof in Regulation S-X of the Securities and Exchange Commission.

"**Materiality Threshold**" means $150,000,000.

"**Maturity Date**" means the Termination Date; <u>provided</u> that if the Maturity Date shall have been extended pursuant to <u>Section 2.06(b)</u>, the Maturity Date shall be the Extended Maturity Date; <u>provided</u>, <u>further</u> that, in each case, if such date shall not be a Business Day, then the "Maturity Date" shall be the next preceding Business Day.

"**Moody's**" means Moody's Investors Service, Inc. or any successor to its rating agency business.

"**Multiemployer Plan**" means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions, including for these purposes any Person which ceased to be a member of the ERISA Group during such five year period.

"**Net Cash Proceeds**" means, with respect to any Reduction Prepayment Event, the excess of (a) cash actually received by the Borrower or any of its Subsidiaries in connection therewith over (b) the underwriting or issuance discounts, commissions, fees and other out-of-pocket expenses incurred by the Borrower or any of its Subsidiaries in connection therewith.

"**Nonpublic Information**" means information with respect to the Borrower, its Subsidiaries or their respective securities which has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD of the Securities and Exchange Commission.

"**Notes**" means promissory notes of the Borrower, substantially in the form of <u>Exhibit A</u> hereto, evidencing the obligation of the Borrower to repay the Loans.

"**Notice of Borrowing**" means a request by the Borrower for Loans in accordance with <u>Section 2.03</u>, which shall be substantially in the form agreed by the Servicing Agent and the

Borrower prior to the Effective Date and separately provided to the Borrower, or any other form agreed by the Servicing Agent and the Borrower.

"**Notice of Interest Rate Election**" means a request by the Borrower in accordance with <u>Section 2.08</u>, which shall be substantially in the form agreed by the Servicing Agent and the Borrower prior to the Effective Date and separately provided to the Borrower, or any other form agreed by the Servicing Agent and the Borrower.

"**NYFRB**" means the Federal Reserve Bank of New York.

"**NYFRB Rate**" means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); <u>provided</u> that if none of such rates is published for any day that is a Business Day, the term "NYFRB Rate" shall mean the rate for a federal funds transaction quoted at 11:00 a.m. (New York City time) on such day received by the Servicing Agent from a federal funds broker of recognized standing reasonably selected by it; <u>provided further</u>, that if any of the aforesaid rates as so determined is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

"**NYFRB's Website**" means the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

**"Other Connection Taxes"** means, with respect to any recipient, Taxes imposed as a result of a present or former connection between such recipient and the jurisdiction imposing such Tax (other than connections arising from such recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced this Agreement, or sold or assigned an interest in any Loan).

"**Other Taxes**" means any present or future stamp or documentary, intangible, recording, filing taxes and any other similar taxes, or similar charges or levies, which arise from any payment made pursuant to this Agreement or under any Note or from the execution or delivery of, or otherwise with respect to, this Agreement or any Note, except any such taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to <u>Section 8.06</u>).

"**Outstanding Amount**" means, with respect to any Bank at any time, the aggregate outstanding principal amount of its Loans at such time.

"**Overnight Bank Funding Rate**" means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in U.S. dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

"**Overnight Rate**" means, for any day, the greater of (a) the NYFRB Rate and (b) an overnight rate reasonably determined by the Servicing Agent in accordance with banking industry rules on interbank compensation.

"**Parent**" means, with respect to any Bank, any Person controlling such Bank.

"**Participant**" has the meaning set forth in <u>Section 9.06(d)</u>.

"**Participant Register**" has the meaning set forth in <u>Section 9.06(d)</u>.

"**PBGC**" means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.

"**Person**" means an individual, a corporation, a partnership, a limited liability company, an association, a trust, a Governmental Authority or any other entity or organization.

"**Plan**" means at any time an employee pension benefit plan, as defined in Section 3(2) of ERISA, (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Internal Revenue Code and either (i) is maintained, or contributed to, by any member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time within the preceding five years been maintained, or contributed to, by any Person which was at such time a member of the ERISA Group for employees of any Person which was at such time a member of the ERISA Group.

"**Pricing Schedule**" means the Pricing Schedule attached hereto.

"**Prime Rate**" means the rate of interest last quoted by The Wall Street Journal as the "Prime Rate" in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the "bank prime loan" rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as reasonably determined by the Servicing Agent) or any similar release by the Board (as reasonably determined by the Servicing Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.

"**Quarterly Payment Dates**" means each March 31, June 30, September 30 and December 31.

"**Reduction/Prepayment Event**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any issuance or sale of any senior unsecured notes or any other debt securities (including any debt securities convertible or exchangeable into equity securities or hybrid debt-equity securities) or the incurrence of any other indebtedness for borrowed money, other than (i) loans under the Delayed Draw Term Facility, (ii) revolving credit borrowings under the Existing Credit Agreement (or under any amendment thereto or refinancing thereof), <u>provided</u> that the aggregate committed amount thereof and, without duplication, outstanding amount thereunder does not exceed the committed amount under the Existing Credit Agreement as in effect on the date hereof, (iii) any intercompany Debt among the Borrower and/or any of its Subsidiaries, (iv) finance leases, letters of credit, foreign subsidiary working capital facilities, purchase money and equipment financings and receivables financings, (v) Debt of the Acquired Company and its Subsidiaries incurred prior to the date of the consummation of the

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| | |
|:---|:---|
|  | Specified Acquisition as permitted pursuant to the Acquisition Agreement and (vi) any other Debt of the Borrower and its Subsidiaries in an aggregate principal amount not to exceed $150,000,000; and |
| (b) | any issuance or sale of any equity securities by the Borrower (including, to the extent not duplicative of <u>clause (a)</u> above, any securities convertible or exchangeable into equity securities or hybrid debt-equity securities), other than (i) equity interests or such other securities issued pursuant to employee stock plans or employee compensation plans or contributed to pension funds and (ii) equity interests or such other securities issued or transferred as consideration in connection with any acquisition or joint venture arrangement. |

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"**Reference Time**" with respect to any setting of the then-current Benchmark means (i) if such Benchmark is the Term SOFR Rate, 5:00 a.m. (Chicago time) on the day that is two U.S. Government Securities Business Days preceding the date of such setting or (ii) if such Benchmark is not the Term SOFR Rate, the time determined by the Servicing Agent in its reasonable discretion.

"**Register**" has the meaning set forth in <u>Section 9.06(c)</u>.

"**Regulation U**" means Regulation U of the Board, as in effect from time to time.

"**Related Parties"** means, with respect to any Person, such Person's Affiliates and the partners, directors, officers, employees, agents, trustees, administrators and advisors of such Person and of such Person's Affiliates.

"**Relevant Governmental Body**" means the Board and/or the NYFRB, or a committee officially endorsed or convened by the Board and/or the NYFRB or, in each case, any successor thereto.

"**Required Banks**" means, at any time, Banks having unused Commitments and/or Loans representing more than 50% of the sum of the total unused Commitments and the aggregate outstanding principal amount of Loans of all Banks at such time. The unused Commitment of and/or the aggregate outstanding principal amount of Loans of any Defaulting Bank shall be disregarded in determining Required Banks at any time.

"**Resolution Authority**" means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

"**Responsible Officer**" means the chief executive officer, any senior or executive vice president, treasurer or officer with comparable responsibilities of the Borrower; <u>provided</u> that, when such term is used in reference to any document executed by, or a certification of, a Responsible Officer, the secretary or assistant secretary of the Borrower shall have, theretofore (including on the Effective Date) or concurrently therewith, delivered an incumbency certificate to the Administrative Agents as to the authority of such individual.

"**S&P**" means S&P Global Ratings, a division of S&P Global Inc., and any successor to its ratings agency business.

"**Sanctioned Country**" means, at any time, a country, region or territory which is, or whose government is, the subject or target of any comprehensive territorial Sanctions.

"**Sanctioned Person**" means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state or His Majesty's Treasury of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing <u>clause (a)</u> or <u>(b)</u>.

"**Sanctions**" means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state or His Majesty's Treasury of the United Kingdom.

"**Servicing Agent**" means JPMorgan Chase Bank, N.A. in its capacity as servicing agent for the Banks hereunder, and its successors in such capacity.

"**SOFR**" means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

"**SOFR Administrator**" means the NYFRB (or a successor administrator of the secured overnight financing rate).

"**SOFR Administrator's Website**" means the NYFRB's Website or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

"**Specified Acquisition**" means the acquisition by the Borrower of all of the issued and outstanding membership interests in the Acquired Company pursuant to the Acquisition Agreement.

"**Subsidiary**" means any corporation or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by the Borrower.

"**Taxes**" means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings imposed by any Governmental Authority with respect to any payment by the Borrower pursuant to this Agreement or under any Note, and all liabilities for penalties and additions to tax with respect thereto, excluding (i) in the case of each Bank and the Servicing Agent, taxes imposed on or measured by its net income, branch profits taxes, and franchise or similar taxes, in each case (x) imposed on it, by a jurisdiction under the laws of which (or any political subdivision thereof) such Bank or the Servicing Agent (as the case may be) is organized or in which its principal executive office is located or, in the case of each Bank, in which its Applicable Lending Office is located or (y) that are Other Connection Taxes, (ii) in the case of each Bank, any United States withholding tax imposed on such payments but only to the extent

pursuant to a law in effect at the time such Bank first becomes a party to this Agreement or changes its Applicable Lending Office, except to the extent such taxes were payable to such Bank immediately before it changed its Applicable Lending Office and (iii) United States withholding taxes imposed under FATCA.

"**Term Benchmark**" when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Term SOFR Rate.

"**Term Benchmark Borrowing**" means a Borrowing comprised of Term Benchmark Loans.

"**Term Benchmark Loan**" means a Loan which bears interest at a rate determined by reference to the Term SOFR Rate (other than as a result of <u>clause (iii)</u> of the definition of Base Rate).

"**Termination Date**" means the date that is 364 days after the Effective Date; <u>provided</u> that if such date is not a Business Day, the Termination Date shall be the next preceding Business Day.

"**Term-Out Fee**" has the meaning specified in <u>Section 2.09(b)</u>.

"**Term SOFR Rate**" means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m. (Chicago time), two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator; <u>provided</u> that if the Term SOFR Rate as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement.

"**Term SOFR Reference Rate**" means, for any day and time (such day, the "**Term SOFR Determination Day**"), with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR Administrator and identified by the Servicing Agent as the forward-looking term rate based on SOFR. If by 5:00 p.m. (New York City time) on such Term SOFR Determination Day, the "Term SOFR Reference Rate" for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding U.S. Government Securities Business Day is not more than five U.S. Government Securities Business Days prior to such Term SOFR Determination Day.

"**Total Outstanding Amount**" means, at any time, the aggregate outstanding principal amount of the Loans at such time.

"**Type**", when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Term SOFR (other than solely as a result of <u>clause (iii)</u> of the definition of Base Rate), the Base Rate or, if applicable pursuant to <u>Section 8.01</u>, the Daily Simple SOFR.

"**UK Financial Institutions**" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain Affiliates of such credit institutions or investment firms.

"**UK Resolution Authority**" means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

"**Unadjusted Benchmark Replacement**" means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

"**Unfunded Liabilities**" means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

"**United States**" means the United States of America, including the States and the District of Columbia, but excluding its territories and possessions.

"**U.S. Government Securities Business Day**" means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

"**U.S. Person**" means any Person that is a "United States Person" as defined in Section 7701(a)(30) of the Internal Revenue Code.

"**USA PATRIOT Act**" means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.

"**Write-Down and Conversion Powers**" means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that Person or any other Person, to provide

that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

Section 1.02 *<u>Accounting Terms and Determinations</u>*. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP as in effect from time to time, applied on a basis consistent (except for changes concurred in by the Borrower's independent public accountants) with the most recent audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries delivered to the Banks; <u>provided</u> that, if the Borrower notifies the Administrative Agents that the Borrower wishes to amend any covenant in <u>Article 5</u> to eliminate the effect of any change in GAAP after the Effective Date on the operation of such covenant (or if the Administrative Agents notify the Borrower that the Required Banks wish to amend <u>Article 5</u> for such purpose), then the Borrower's compliance with such covenant shall be determined on the basis of GAAP effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Banks.

Section 1.03 *<u>Terms Generally</u>*. 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 "law" shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders, writs and decrees, of all Governmental Authorities. The words "asset" and "property" shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word "will" shall be construed to have the same meaning and effect as the word "shall". Except as otherwise provided herein and unless the context requires otherwise (a) any definition of or reference to any agreement (including this Agreement), instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any definition of or reference to any statute, regulation or other law herein shall be construed (i) as referring to such statute, regulation or other law as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor statutes, regulations or other laws) and (ii) to include all official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply, (c) any reference herein to any Person shall be construed to include such Person's successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) 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 and (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement.

Section 1.04 *<u>Interest Rates; Benchmark Notification</u>*. The interest rate on a Loan may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event, <u>Section 8.01(b)</u> provides a mechanism for determining an alternative rate of interest. The Servicing Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter related to any interest rate used in this Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including, without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance or unavailability. The Servicing Agent and its Affiliates and/or other related entities may engage in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Servicing Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Bank or any other Person for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

Section 1.05 *<u>Divisions</u>*. For all purposes under this Agreement, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction's laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its equity interests at such time.

**Article 2**

The Credits

Section 2.01 *<u>Commitments to Lend</u>*. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in U.S. dollars to the Borrower from time to time prior to the Termination Date; <u>provided</u> that, immediately after each such loan is made, (i) the Outstanding Amount of such Bank shall not exceed the amount of its Commitment and (ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Amounts borrowed under this <u>Section 2.01</u> that are repaid or prepaid may, prior to the Termination Date, be reborrowed.

Section 2.02 *<u>Loans and Borrowings</u>*. (a) Each Borrowing under <u>Section 2.01</u> shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments). Each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made by the Banks ratably in proportion to their respective Commitments. The failure of any Bank to make any Loan

required to be made by it shall not relieve any other Bank of its obligations hereunder; <u>provided</u> that the Commitments of the Banks are several and no Bank shall be responsible for any other Bank's failure to make Loans as required. Each Bank at its option may make any Loan by causing any Applicable Lending Office of such Bank to make such Loan; <u>provided</u> that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to <u>Section 8.01</u>, each Borrowing shall be comprised entirely of (i) Term Benchmark Loans or (ii) Base Rate Loans.

Section 2.03 *<u>Notice of Borrowing</u>*. To request a borrowing of Loans, the Borrower shall give the Servicing Agent a completed Notice of Borrowing signed by a Responsible Officer of the Borrower not later than (a) 1:00 p.m. (New York City time) on the date of any Base Rate Borrowing and (b) 11:00 a.m. (New York City time) on the third U.S. Government Securities Business Day before any Term Benchmark Borrowing, specifying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the date of such Borrowing, which shall be a Business Day,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the aggregate amount of such Borrowing,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) whether the Loans comprising such Borrowing are to be Base Rate Loans or Term Benchmark Loans,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) in the case of a Term Benchmark Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the location and number of the account to which funds are to be disbursed (which, if not an account of the Borrower with the Servicing Agent, shall be reasonably acceptable to the Servicing Agent).

Section 2.04 *<u>Notice to Banks; Funding of Loans</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon receipt of a Notice of Borrowing, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's share of the requested Borrowing. Such Notice of Borrowing shall not thereafter be revocable by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not later than 10:00 a.m. (New York City time) (or, in the case of a Base Rate Borrowing for which Notice of Borrowing is provided on the proposed date of the requested Borrowing, not later than the later of 10:00 a.m. (New York City time) and two hours after receipt of such Notice of Borrowing) on the date of each Borrowing, each Bank shall make available its share of such Borrowing, in Federal or other funds immediately available in New York City, to the Servicing Agent at the account of the Servicing Agent most recently designated by the Servicing Agent for such purpose by notice to the Banks. The Servicing Agent will make the funds so received from the Banks available to the Borrower, in like funds, at the account designated in the applicable Notice of Borrowing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Unless the Servicing Agent shall have received notice from a Bank prior to the date of any Borrowing that such Bank will not make available to the Servicing Agent such Bank's share of such Borrowing, the Servicing Agent may assume that such Bank has made such share available to the Servicing Agent on the date of such Borrowing in accordance with <u>paragraph (b)</u> of this <u>Section 2.04</u> and the Servicing Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Bank shall not have so made such share available to the Servicing Agent, such Bank and the Borrower severally agree to repay to the Servicing Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Servicing Agent, at (i) in the case of the Borrower, a rate per annum equal to the interest rate applicable thereto pursuant to <u>Section 2.07</u> and (ii) in the case of such Bank, the Overnight Rate. If such Bank shall repay to the Servicing Agent such corresponding amount, such amount so repaid shall constitute such Bank's Loan included in such Borrowing for purposes of this Agreement.

Section 2.05 *<u>Notes</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Bank may, by notice to the Borrower and the Administrative Agents, request that its Loans be evidenced by a single Note payable to such Bank for the account of its Applicable Lending Office in an amount equal to the aggregate unpaid principal amount of such Bank's Loans. Each such Note shall be promptly furnished to the requesting Bank and shall be in substantially the form of <u>Exhibit A</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Bank shall record the date, amount, Type and maturity of each Loan made by it and the date and amount of each payment of principal made by the Borrower with respect thereto, and may, if such Bank so elects in connection with any transfer or enforcement of its Note, endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding; <u>provided</u> that the failure of any Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Notes. Each Bank is hereby irrevocably authorized by the Borrower so to endorse its Note and to attach to and make a part of its Note a continuation of any such schedule as and when required.

Section 2.06 *<u>Maturity of Loans; Term-Out Option</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Loan made by each Bank shall mature, and the principal amount thereof shall be due and payable (together with accrued interest thereon), on the Maturity Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower may, by delivery prior to the Termination Date of a written notice prior to the Termination Date to the Servicing Agent (which shall promptly deliver a copy to each Bank), elect to extend the Maturity Date to March 5, 2028 (the "**Extended Maturity Date**"); <u>provided</u> that any such extension of the Maturity Date shall be subject to the satisfaction on and as of the Termination Date of the conditions set forth in <u>Section 3.03</u>.

Section 2.07 *<u>Interest Rates</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made or converted to, at a rate per annum equal

to the sum of the Applicable Margin plus the Base Rate for such day. Such interest shall be payable quarterly in arrears on each Quarterly Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Term Benchmark Loan shall bear interest on the outstanding principal amount thereof, for each day during each Interest Period applicable thereto, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Term SOFR Rate for such Interest Period. Such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding the foregoing, (i) any overdue principal of or interest on any Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due (whether at stated maturity, upon acceleration or otherwise) to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the interest rate otherwise applicable to such Loan as provided in the preceding paragraphs of this <u>Section 2.07</u> and (ii) any overdue fees shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the interest rate applicable to Base Rate Loans as provided in the <u>paragraph (a)</u> of this <u>Section 2.07</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Servicing Agent shall determine each interest rate applicable to the Loans hereunder. The Servicing Agent shall, upon request, give prompt notice to the Borrower and the Banks of each rate of interest so determined, and its determination thereof shall be conclusive in the absence of manifest error.

Section 2.08 *<u>Method of Electing Interest Rates</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Loans included in each Borrowing shall initially be of the Type specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the Type of Loans included in any Borrowing (subject to <u>Section 2.08(d)</u> and the provisions of <u>Article 8),</u> as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if such Loans are Base Rate Loans, the Borrower may elect to convert such Loans to Term Benchmark Loans as of any Business Day; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if such Loans are Term Benchmark Loans, the Borrower may elect to convert such Loans to Base Rate Loans as of any Business Day or to continue such Loans as Term Benchmark Loans for an additional Interest Period, subject to <u>Section 2.15</u> if any such conversion is effective on any day other than the last day of an Interest Period applicable to such Loans.

Each such election shall be made by delivering a completed Notice of Interest Rate Election signed by a Responsible Officer of the Borrower to the Servicing Agent not later than (i) in the case of any conversion to Base Rate Loans, 1:00 p.m. (New York City time) on the date of such conversion and (ii) in the case of any conversion to Term Benchmark Loans, or any continuation of Term Benchmark Loans, 11:00 a.m. (New York City time) on the third Business Day before such conversion or continuation. A Notice of Interest Rate Election may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Borrowing; <u>provided</u> that (i) such portion is allocated ratably among the Loans comprising such Borrowing, and the Loans

comprising such portion shall be considered a separate Borrowing and (ii) the portion of such Borrowing to which such election applies, and the remaining portion of such Borrowing to which it does not apply, are each at least $10,000,000 (unless such portion is consisting of Base Rate Loans). If no such notice is timely received before the end of an Interest Period applicable to any Term Benchmark Borrowing, the Borrower shall be deemed to have elected that such Term Benchmark Borrowing be continued, at the end of such Interest Period, with an Interest Period of one month (or, if <u>Section 2.08(d)(iii)</u> applies, that such Term Benchmark Borrowing be converted, at the end of such Interest Period, to a Base Rate Borrowing).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Notice of Interest Rate Election shall specify:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Borrowing (or portion thereof) to which such notice applies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the date on which the conversion or continuation selected in such notice is to be effective, which shall comply with the applicable clause of <u>Section 2.08(a)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if the Loans comprising such Borrowing are to be converted, the new Type of Loans and, if the Loans resulting from such conversion are to be Term Benchmark Loans, the duration of the next succeeding Interest Period applicable thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if the Loans comprising such Borrowing are to be continued as Term Benchmark Loans for an additional Interest Period, the duration of such additional Interest Period.

Each Interest Period specified in a Notice of Interest Rate Election shall comply with the provisions of the definition of Interest Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Promptly after receiving a Notice of Interest Rate Election from the Borrower pursuant to <u>Section 2.08(a)</u>, the Servicing Agent shall notify each Bank of the contents thereof. Such Notice of Interest Rate Election shall not thereafter be revocable by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Borrower shall not be entitled to elect to convert any Loans to, or continue any Loans for an additional Interest Period as, Term Benchmark Loans if (i) the aggregate principal amount of any Term Benchmark Borrowing created or continued as a result of such election would be less than $10,000,000, (ii) more than 15 Term Benchmark Borrowings shall be outstanding at any time or (iii) at the time the Borrower delivers notice of such election to the Servicing Agent, (x) an Event of Default under <u>Section 6.01(g)</u> or <u>6.01(h)</u> shall have occurred and be continuing or (y) any other Event of Default shall have occurred and be continuing and, in the case of this <u>clause (y)</u>, the Servicing Agent, at the request of the Required Banks, notifies the Borrower of the election to suspend the Borrower's rights as to such elections.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If any Loan is converted to a different Type of Loan, the Borrower shall pay, on the date of such conversion, the interest accrued to such date on the principal amount being converted.

Section 2.09 *<u>Fees</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower shall pay to the Servicing Agent, for the account of each Bank, a facility fee (the "**Facility Fee**") at the Facility Fee Rate on the daily amount of the Credit Exposure

of such Bank; <u>provided</u> that no Defaulting Bank shall be entitled to receive any Facility Fee except in respect of its Outstanding Amount for any period during which that Bank is a Defaulting Bank (and the Borrower shall not be required to pay the Facility Fee that otherwise would have been required to have been paid to that Defaulting Bank). Facility Fees shall accrue from and including the Effective Date and to but excluding the date of which the Credit Exposures are reduced to zero. Facility Fees accrued through and including each Quarterly Payment Date shall be payable in arrears on the 15th day following such Quarterly Payment Date, commencing on the first such date to occur after the Effective Date, and accrued Facility Fees shall also be payable on the date on which the Commitments terminate (and, if the Maturity Date shall have been extended pursuant to Section 2.06(b), on each subsequent date on which any Loans are prepaid or repaid, to the extent accrued on the principal amount thereof so prepaid or repaid); <u>provided</u> that any Facility Fees accruing on any Bank's Outstanding Amount after the date on which all the Commitments shall have been terminated (except if the Maturity Date shall have been extended pursuant to <u>Section 2.06(b)</u>) or after the Maturity Date shall be payable on demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the Borrower elects to extend the Maturity Date in accordance with <u>Section 2.06(b)</u>, the Borrower shall pay to the Servicing Agent, for the account of each Bank, on the Termination Date, a term-out fee (the "**Term-Out Fee**") in an amount equal to 0.75% of the aggregate principal amount of such Bank's outstanding Loans that are not repaid on the Termination Date.

Section 2.10 *<u>Optional Termination or Reduction of Commitments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower may, upon at least one Business Day's written notice, signed by a Responsible Officer of the Borrower, given to the Servicing Agent, (i) terminate the Commitments at any time, if no Loans are outstanding at such time, or (ii) ratably reduce from time to time the aggregate amount of the Commitments in excess of the Total Outstanding Amount; <u>provided</u> that each such reduction shall reduce the Commitments by an aggregate amount of $5,000,000 (or any larger multiple of $1,000,000). Any termination or reduction of the Commitments under this <u>Section 2.10(a)</u> shall be permanent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon receipt of a notice of a termination or reduction pursuant to <u>Section 2.10(a)</u>, the Servicing Agent shall promptly notify each Bank of the contents thereof, and such notice shall not thereafter be revocable by the Borrower; <u>provided</u> that any such notice may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked, or the effective date of such termination or reduction may be extended, by the Borrower (by notice to the Servicing Agent on or prior to the specified effective date) if such condition is not satisfied.

Section 2.11 *<u>Mandatory Termination or Reduction of Commitments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Unless previously terminated, the Commitment of each Bank shall automatically and permanently terminate on the Termination Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event and on each occasion that, after the Effective Date but prior to the termination of all the Commitments, the Borrower or any Subsidiary receives Net Cash Proceeds in respect of any Reduction/Prepayment Event, the Commitments shall automatically and

permanently be reduced, on the date that is 90 days after the date of the receipt of such Net Cash Proceeds by the Borrower or any Subsidiary (such date, the "**Reduction Effective Date**"), by an amount equal to the lesser of (i) 100% of such Net Cash Proceeds; <u>provided</u> that, if at the time of the receipt of such Net Cash Proceeds by the Borrower or any Subsidiary, any commitments are in effect, or any loans are outstanding, under the Delayed Draw Term Facility and, pursuant to the terms of the Delayed Draw Term Facility, such commitments are required to be reduced, or such loans are required to be prepaid, by the amount of such Net Cash Proceeds, then the amount under this clause (i) shall be reduced (the amount of such reduction, the "**DDTL Priority Amount**") by the amount of such Net Cash Proceeds so required to be applied to such reduction or such prepayment under the Delayed Draw Term Facility and (ii) the aggregate amount of the Commitments in effect on the Reduction Effective Date. The Borrower shall provide the Servicing Agent with prompt written notice, signed by a Responsible Officer of the Borrower, of the occurrence of any Reduction/Prepayment Event giving rise to a mandatory reduction of the Commitments under this <u>Section 2.11(b)</u>, specifying the date of the occurrence thereof and the Reduction Effective Date and including a calculation in reasonable detail of the amount of the applicable Net Cash Proceeds (and, if applicable, the DDTL Priority Amount). Each reduction of the Commitments pursuant to this <u>Section 2.11(b)</u> shall be made ratably among the Banks in accordance with their respective Commitments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon receipt of a notice of reduction pursuant to <u>Section 2.11(b)</u>, the Servicing Agent shall promptly notify each Bank of the contents thereof.

Section 2.12 *<u>Optional Prepayments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject in the case of any Term Benchmark Loan to <u>Section 2.15</u>, the Borrower may, upon at least one Business Day's notice to the Servicing Agent, prepay any Base Rate Borrowing or upon at least three Business Days' notice to the Servicing Agent, prepay any Term Benchmark Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the Banks included in such Borrowing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon receipt of a notice of prepayment pursuant to this <u>Section 2.12</u>, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share of such prepayment and such notice shall not thereafter be revocable by the Borrower; <u>provided</u> that any such notice may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked, or the effective date of such prepayment may be extended, by the Borrower (by notice to the Servicing Agent on or prior to the specified prepayment date) if such condition is not satisfied.

Section 2.13 <u>Mandatory Prepayments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that, on any date, the Total Outstanding Amount exceeds the aggregate amount of the Commitments then in effect (including because of any reduction of the Commitments pursuant to <u>Section 2.11(b)</u>, but excluding any such excess as a result of the extension of the Maturity Date pursuant to <u>Section 2.06(b)</u>), the Borrower shall prepay Borrowings in such amount as may be necessary so that, after giving effect to such prepayment, the Total

Outstanding Amount does not exceed the aggregate amount of the Commitments. In the event that more than one Borrowing shall be outstanding at the time a prepayment is required under this <u>Section 2.13</u>, the Borrower shall provide the Servicing Agent with a written notice specifying the Borrowing or Borrowings to be prepaid and the principal amount of each Borrowing or portion thereof to be prepaid. Each such prepayment shall be applied to prepay ratably the Loans of the Banks included in any such Borrowing and shall be accompanied by accrued interest on the amount prepaid to the date of prepayment.

Section 2.14  *<u>General Provisions as to Payments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 2:00 p.m. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, without set-off or counterclaim, to the Servicing Agent at such account of the Servicing Agent as shall be notified to the Borrower in writing from time to time. All payments hereunder (including of principal and interest) shall be made in U.S. dollars. The Servicing Agent will promptly distribute to each Bank its ratable share of each such payment received by the Servicing Agent for the account of the Banks. Except as otherwise provided in the definition of the term "Maturity Date", "Termination Date" and "Interest Period", whenever any payment of principal of, or interest on, the Loans or of fees shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day. If the date for any payment of principal is extended by operation of law or otherwise, interest thereon shall be payable for such extended time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless the Servicing Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Banks hereunder that the Borrower will not make such payment in full, the Servicing Agent may assume that the Borrower has made such payment in full to the Servicing Agent on such date and the Servicing Agent may, in reliance upon such assumption, cause to be distributed to each Bank on such due date an amount equal to the amount then due such Bank. If and to the extent that the Borrower shall not have so made such payment, each Bank shall repay to the Servicing Agent forthwith on demand such amount distributed to such Bank together with interest thereon, for each day from the date such amount is distributed to such Bank until the date such Bank repays such amount to the Servicing Agent, at the Overnight Rate.

Section 2.15 *<u>Funding Losses</u>*. If the Borrower makes any payment of principal with respect to any Term Benchmark Loan or any Term Benchmark Loan is converted to a different Type of Loan (whether such payment or conversion is pursuant to Article 2, 6, or 8 or otherwise) on any day other than the last day of an Interest Period applicable thereto, or if the Borrower fails to borrow, prepay, convert or continue any Term Benchmark Loan after notice has been given to any Bank in accordance with <u>Section 2.04(a)</u>, <u>2.08(c)</u> or <u>2.12(c)</u>, or if the Borrower shall require an assignment of a Term Benchmark Loan in accordance with <u>Section 8.06</u> on any day other than the last day of an Interest Period applicable thereto, the Borrower shall reimburse each Bank within 15 days after demand for any resulting loss or expense incurred by it (or, subject to <u>Section 9.06(d)</u>, by an existing or prospective Participant in the related Loan), including (without limitation) any loss incurred in obtaining, liquidating or employing deposits from third parties, but excluding loss of margin for the period after any such payment or conversion or failure to borrow, prepay, convert or continue; <u>provided</u> that such Bank shall have delivered to the Borrower a certificate as to the

amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error.

Section 2.16 *<u>Computation of Interest and Fees</u>*. Interest based on the Prime Rate hereunder shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and fees shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).

Section 2.17 *<u>Defaulting Banks</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If a Bank becomes, and during the period it remains, a Defaulting Bank, any payment of principal, interest, fees or other amounts received by the Servicing Agent for the account of such Defaulting Bank (whether voluntary or mandatory, at maturity, pursuant to Article 6 or otherwise) or received by the Servicing Agent from a Defaulting Bank pursuant to <u>Section 9.04</u> shall be applied at such time or times as may be determined by the Servicing Agent as follows: *first*, to the payment on a pro rata basis of any amounts owing by such Defaulting Bank to the Servicing Agent or any Administrative Agent hereunder; *second*, as the Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which such Defaulting Bank has failed to fund its portion thereof as required by this Agreement, as determined by the Servicing Agent; *third*, if so determined by the Servicing Agent and the Borrower, to be held in a deposit account and released pro rata in order to satisfy such Defaulting Bank's potential future funding obligations with respect to Loans under this Agreement; *fourth*, to the payment of any amounts owing to the Banks as a result of any judgment of a court of competent jurisdiction obtained by any Bank against such Defaulting Bank as a result of such Defaulting Bank's breach of its obligations under this Agreement; *fifth*, so long as no Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Bank as a result of such Defaulting Bank's breach of its obligations under this Agreement; and *sixth*, to such Defaulting Bank or as otherwise directed by a court of competent jurisdiction; it being agreed that any payments, prepayments or other amounts paid or payable to a Defaulting Bank that are applied (or held) to pay amounts owed by a Defaulting Bank or to post cash collateral pursuant to this <u>Section 2.17(a)</u> shall be deemed paid to and redirected by such Defaulting Bank, and each Bank irrevocably consents hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Commitment of any Bank shall be increased or otherwise affected, and, except as otherwise expressly provided in this <u>Section 2.17</u>, performance by the Borrower of its obligations shall not be excused or otherwise modified as a result of the operation of this <u>Section 2.17</u>. The rights and remedies against a Defaulting Bank under this <u>Section 2.17</u> are in addition to any other rights and remedies which the Borrower, the Servicing Agent or any Bank may have against such Defaulting Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Borrower and the Servicing Agent agree in writing in their reasonable determination that a Defaulting Bank should no longer be deemed to be a Defaulting Bank, the Servicing Agent will so notify the parties hereto, whereupon, as of the effective date specified in such notice and subject to any conditions set forth therein, that Bank will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Banks or take such other actions as the Servicing Agent may determine to be necessary to cause the Loans to be funded and held on a

pro rata basis by the Banks in accordance with their respective Commitments, whereupon such Bank will cease to be a Defaulting Bank; <u>provided</u> that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Bank was a Defaulting Bank and all amendments, waivers or modifications effected without its consent in accordance with the provisions of <u>Section 9.05</u> and this <u>Section 2.17</u> during such period shall be binding on such Bank; and <u>provided</u>, <u>further</u>, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Bank will constitute a waiver or release of any claim of any party hereunder arising from the applicable Bank's having been a Defaulting Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Borrower may terminate the unused amount of the Commitment of any Bank that is a Defaulting Bank upon not less than ten Business Days' prior notice to the Servicing Agent (which shall promptly notify the Banks thereof); <u>provided</u> that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agents, the Servicing Agent or any Bank may have against such Defaulting Bank.

**Article 3**

Conditions

Section 3.01 *<u>Conditions to Effectiveness</u>*. This Agreement shall become effective on the first date that each of the following conditions shall have been satisfied (or waived in accordance with <u>Section 9.05</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) receipt by the Administrative Agents of counterparts hereof signed by each of the parties hereto (which, subject to <u>Section 9.10(b)</u>, may include any Electronic Signatures transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page of a counterpart of this Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) receipt by the Administrative Agents of an opinion of Cleary Gottlieb Steen & Hamilton LLP, special counsel for the Borrower, covering such matters relating to the transactions contemplated hereby with respect to federal law, New York state law or the Delaware General Corporation Law as the Administrative Agents may reasonably request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) receipt by the Administrative Agents of all documents the Administrative Agents may reasonably request relating to the existence of the Borrower, the corporate authority for and the validity of this Agreement and the Notes, and any other matters relevant hereto, all in form and substance satisfactory to the Administrative Agents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) payment by the Borrower to each Administrative Agent and each Arranger and to the Servicing Agent for the account of each Bank of all fees due and payable on or prior to the Effective Date pursuant to the Fee Letters and, to the extent invoiced at least three Business Days prior to the Effective Date, reimbursement of all out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed by the Borrower hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) receipt by the Administrative Agents of an officer's certificate from the Borrower, dated the Effective Date and signed by a Responsible Officer of the Borrower, certifying that (i) the representations and warranties of the Borrower set forth in this Agreement are true and correct in

all material respects (except in the case of those representations and warranties already qualified by materiality, which shall be certified to be true and correct in all respects) on and as of the Effective Date and (ii) no Default has occurred and is continuing on and as of the Effective Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) (i) receipt by the Administrative Agents, at least three Business Days prior to the Effective Date, of all documentation and other information required by regulatory authorities under applicable "know your customer" and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation, in each case, to the extent reasonably requested by any Bank (through the Administrative Agents) at least 10 days prior to the Effective Date (<u>provided</u> that, upon the execution and delivery by any Bank of its signature to a counterpart of this Agreement, the condition set forth in this <u>paragraph (f)</u> shall be deemed to be satisfied as to such Bank).

The Administrative Agents shall promptly notify the Borrower and the Banks of the Effective Date, and such notice shall be conclusive and binding on all parties hereto.

Section 3.02 *<u>Conditions to Borrowings</u>*. The obligation of any Bank to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions (unless waived in accordance with <u>Section 9.05</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) receipt by the Servicing Agent of a Notice of Borrowing as required by <u>Section 2.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) immediately after such Borrowing, the Total Outstanding Amount will not exceed the aggregate amount of the Commitments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) immediately before and after such Borrowing, no Default shall have occurred and be continuing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the representations and warranties of the Borrower contained in this Agreement (other than the representations and warranties set forth in <u>Sections 4.04(b)</u> and <u>4.05(a)</u>) shall be true and correct on and as of the date of such Borrowing.

Each Borrowing (other than any conversion or continuation of a Loan) hereunder shall be deemed to be a representation and warranty by the Borrower on the date of such Borrowing that the conditions specified in <u>clauses (b)</u>, <u>(c)</u> and <u>(d)</u> of this Section have been satisfied.

Section 3.03 *<u>Conditions to Term-Out Option</u>*. The extension of the Maturity Date pursuant to <u>Section 2.06(b)</u> shall be subject to the satisfaction, as of the Termination Date, of the following conditions (unless waived in accordance with <u>Section 9.05</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the representations and warranties of the Borrower contained in this Agreement (other than the representations and warranties set forth in <u>Sections 4.04(b)</u> and <u>4.05(a)</u>) shall be true and correct on and as of the Termination Date, as though made on and as of the Termination Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no Default shall have occurred and be continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Borrower shall have delivered to the Servicing Agent an officer's certificate from the Borrower, dated the Termination Date and signed by a Responsible Officer of the Borrower, confirming the satisfaction of the conditions set forth in <u>paragraphs (a)</u> and <u>(b)</u> of this <u>Section 3.03</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Servicing Agent shall have received the Term-Out Fee for the account of each Bank pursuant to <u>Section 2.09(b)</u>.

**Article 4**

Representations And Warranties

The Borrower represents and warrants that:

Section 4.01 *<u>Corporate Existence and Power</u>*. The Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of Delaware, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Section 4.02 *<u>Corporate and Governmental Authorization; No Contravention</u>*. The execution, delivery and performance by the Borrower of this Agreement and the Notes are within the Borrower's corporate powers, have been duly authorized by all necessary corporate action, require no action by or in respect of, or filing with, any Governmental Authority and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or bylaws of the Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Section 4.03 *<u>Binding Effect</u>*. This Agreement constitutes a legal, valid and binding agreement of the Borrower, and each Note, when executed and delivered in accordance with this Agreement, will constitute a legal, valid and binding obligation of the Borrower, in each case enforceable against the Borrower 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 4.04 *<u>Financial Information</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of June 30, 2025 and the related consolidated statements of earnings and cash flows for the fiscal year then ended, reported on by Ernst & Young LLP and set forth in the Borrower's Annual Report on Form 10-K previously filed with the Securities and Exchange Commission, present fairly, in all material respects, the consolidated financial position of the Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such fiscal year in conformity with GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Since June 30, 2025, there has been no material adverse change in the business, financial position, results of operations or prospects of the Borrower and its Consolidated Subsidiaries, considered as a whole, except as publicly disclosed prior to the date hereof.

Section 4.05 *<u>Litigation</u>*. There is no action, suit or proceeding pending against, or to the knowledge of the Borrower threatened, against or affecting the Borrower or any of its Subsidiaries before any court or arbitrator or any other Governmental Authority which (a) could reasonably be expected to have a material adverse effect on the business, consolidated financial position or consolidated results of operations of the Borrower and its Consolidated Subsidiaries, considered as a whole, except as publicly disclosed prior to the date hereof or (b) in any manner draws into question the validity of this Agreement or the Notes.

Section 4.06 *<u>Compliance with ERISA</u>*. Each member of the ERISA Group has materially fulfilled its obligations under the minimum funding standards of ERISA and the Internal Revenue Code with respect to each Plan and is in compliance in all material respects with the presently applicable provisions of ERISA and the Internal Revenue Code with respect to each Plan. No member of the ERISA Group has (i) sought a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code in respect of any Plan, (ii) failed to make any material contribution or payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement, or made any amendment to any Plan or Benefit Arrangement, which has resulted or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Internal Revenue Code or (iii) incurred any material liability under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of ERISA.

Section 4.07 *<u>Environmental Matters</u>*. In the ordinary course of its business, the Borrower conducts an ongoing review of the effect of Environmental Laws on the business, operations and properties of the Borrower and its Subsidiaries, in the course of which it identifies and evaluates associated liabilities and costs (including, without limitation, any capital or operating expenditures required for clean-up or closure of properties presently or previously owned, any capital or operating expenditures required to achieve or maintain compliance with environmental protection standards imposed by law or as a condition of any license, permit or contract, any related constraints on operating activities, including any periodic or permanent shutdown of any facility or reduction in the level of or change in the nature of operations conducted thereat and any actual or potential liabilities to third parties, including employees, and any related costs and expenses). On the basis of this review, the Borrower has reasonably concluded that Environmental Laws are unlikely to have a material adverse effect on the business, financial condition, results of operations or prospects of the Borrower and its Consolidated Subsidiaries, considered as a whole, except as publicly disclosed prior to the date hereof.

Section 4.08 *<u>Taxes</u>*. The Borrower and its Subsidiaries have filed all United States Federal income tax returns and all other material tax returns which are required to be filed by them and have paid all taxes due pursuant to such returns or pursuant to any assessment received by the Borrower or any Subsidiary. The charges, accruals and reserves on the books of the Borrower and its Subsidiaries in respect of taxes or other governmental charges are, in the opinion of the Borrower, adequate.

Section 4.09 *<u>Subsidiaries</u>*. Each of the Borrower's corporate Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Section 4.10 *<u>Full Disclosure</u>*. Subject to the proviso at the end of this <u>Section 4.10</u>, all information other than general market data heretofore furnished in writing by the Borrower to any Agent or any Bank for purposes of or in connection with this Agreement or any transaction contemplated hereby is, when taken as a whole, accurate in all material respects on the date as of which such information is stated or certified. Subject to the qualification for Nonpublic Information set forth in <u>Section 5.01</u>, the Borrower has disclosed to the Banks in writing any and all facts which materially and adversely affect the business, operations or financial condition of the Borrower and its Consolidated Subsidiaries, taken as a whole, or the ability of the Borrower to perform its obligations under this Agreement, <u>provided</u> that, with respect to projected financial information or other forward-looking information (if any) the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.

Section 4.11 *<u>Margin Regulations</u>*. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U).

Section 4.12 *<u>Investment Company Act</u>*. The Borrower is not an "investment company" under the Investment Company Act of 1940, as amended.

Section 4.13 *<u>Anti-Corruption Laws and Sanctions</u>*. The Borrower has implemented and maintains in effect policies and procedures designed to achieve compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (acting in their capacities as such) with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and employees (acting in their capacities as such) and to the knowledge of the Borrower, its directors and agents (acting in their capacities as such), are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.

**Article 5**

Covenants

The Borrower agrees that, until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full:

Section 5.01 *<u>Information</u>*. The Borrower will deliver to the Servicing Agent (on behalf of itself and the Banks):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as soon as available and in any event within 90 days after the end of each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end of such fiscal year and the related consolidated statements of earnings and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on in a manner acceptable to the Securities and Exchange Commission by Ernst & Young LLP or other independent public accountants of nationally recognized standing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) as soon as available and in any event within 45 days after the end of each of the first three quarters of each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end of such quarter and the related consolidated statements of earnings and cash flows for such quarter and for the portion of the Borrower's fiscal year ended at the end of such quarter, setting forth in each case in comparative form the figures for the corresponding quarter and the corresponding portion of the Borrower's previous fiscal year, all certified (subject to normal year-end adjustments) as to fairness of presentation in conformity with GAAP by the chief financial officer or the chief accounting officer of the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) simultaneously with the delivery of each set of financial statements referred to in <u>clauses (a)</u> and <u>(b)</u> above, a certificate of the chief financial officer or the chief accounting officer of the Borrower (i) setting forth in reasonable detail the calculations required to establish whether the Borrower was in compliance with the requirements of <u>Section 5.05</u> on the date of such financial statements and (ii) stating whether any Default exists on the date of such certificate and, if any Default then exists, setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) within five days after any executive officer or financial officer of the Borrower obtains knowledge of any Default, if such Default is then continuing, a certificate of the chief financial officer or the chief accounting officer of the Borrower setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) promptly upon the mailing thereof to the stockholders of the Borrower generally, copies of all financial statements, reports and proxy statements so mailed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration statements on Form S-8 or its equivalent) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which the Borrower shall have filed with the Securities and Exchange Commission;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) if and when any member of the ERISA Group (i) gives or is required to give notice to the PBGC of any "reportable event" (as defined in Section 4043 of ERISA) with respect to any Plan which might reasonably constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives notice of complete or partial withdrawal liability under Title IV of ERISA or notice that any Multiemployer Plan is in reorganization, is insolvent or has been terminated, a copy of such notice; (iii) receives notice from the PBGC under Title IV of ERISA of an intent to terminate, impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a trustee to administer any Plan, a copy of such notice; (iv) applies for a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code, a copy of such application; (v) gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information filed with the PBGC; (vi) gives notice of withdrawal from any Plan pursuant to Section 4063 of ERISA, a copy of such notice; or (vii) fails to make any material payment or contribution to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement or makes any amendment to any Plan or Benefit Arrangement which has

resulted or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security, a certificate of the chief financial officer or the chief accounting officer of the Borrower setting forth details as to such occurrence and action, if any, which the Borrower or applicable member of the ERISA Group is required or proposes to take; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) promptly following, and in any event within 10 days of, any change in rating by S&P or Moody's of any Index Debt, notice thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) from time to time such additional information regarding the financial position or business of the Borrower and its Subsidiaries as any Administrative Agent or the Servicing Agent, at the request of any Bank, may reasonably request.

Information required to be delivered pursuant to <u>clause (a)</u>, <u>(b)</u>, <u>(e)</u> or <u>(f)</u> of this Section shall be deemed to have been delivered on the date on which the Borrower publicly posts such information, or the annual or quarterly reports containing such information, on the Borrower's website at <u>https://www.thecloroxcompany.com</u> or such information, or such reports, shall be publicly available on the Securities and Exchange Commission's website at <u>http://www.sec.gov</u>. Any document or notice required to be delivered pursuant to this <u>Section 5.01</u> may also be delivered to the Servicing Agent for posting by the Servicing Agent to an Approved Electronic Platform. Concurrently with such delivery to the Servicing Agent, the Borrower shall indicate in writing whether such document or notice contains Nonpublic Information. The Borrower, each Agent and each Bank acknowledge that certain of the Banks may be "public-side" Banks (*i.e.*, Banks that do not wish to receive material non-public information with respect to the Borrower, its Subsidiaries or their securities) and, if documents or notices required to be delivered pursuant to this <u>Section 5.01</u> or otherwise are being distributed by the Servicing Agent through the Approved Electronic Platform, any document or notice that the Borrower has indicated contains Nonpublic Information shall not be posted on that portion of the Approved Electronic Platform designated for such public-side Banks and shall be treated as confidential as set forth in <u>Section 9.07</u>. If the Borrower has not indicated whether a document or notice delivered pursuant to this <u>Section 5.01</u> contains Nonpublic Information, the Servicing Agent reserves the right to post such document or notice solely on that portion of the Approved Electronic Platform designated for Banks who wish to receive Nonpublic Information.

Section 5.02 *<u>Maintenance of Property; Insurance</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower will keep, and will cause each Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted; <u>provided</u> that nothing in this <u>Section 5.02(a)</u> shall prohibit the disposal of any material property if the Borrower in good faith determines that such disposal is in the best interest of the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Borrower or in such Subsidiary's own name) with financially sound and responsible insurance companies, insurance on all their respective material properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a

similar business; and will furnish to the Banks, upon request from the Administrative Agents, information presented in reasonable detail as to the insurance so carried.

Section 5.03 *<u>Conduct of Business and Maintenance of Existence</u>*. The Borrower will continue, and will cause each Material Subsidiary to continue, to engage in businesses of the same general types as are now conducted by the Borrower and its Material Subsidiaries, and will preserve, renew and keep in full force and effect, and will cause each Material Subsidiary to preserve, renew and keep in full force and effect, their respective corporate existences and their respective rights, privileges and franchises necessary or desirable in the normal conduct of business; <u>provided</u> that nothing in this <u>Section 5.03</u> shall prohibit (i) the merger of a Material Subsidiary into the Borrower or the merger or consolidation of a Material Subsidiary with or into another Person if, in each case, after giving effect thereto, no Default shall have occurred and be continuing or (ii) the termination of the corporate existence of any Material Subsidiary if the Borrower in good faith determines that such termination is in the best interest of the Borrower.

Section 5.04 *<u>Compliance with Laws</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower will comply, and cause each Subsidiary to comply, in all material respects with all applicable laws, ordinances, rules, regulations and requirements of Governmental Authorities (including, without limitation, Environmental Laws and ERISA and the rules and regulations thereunder), except where (i) the failure to so comply, individually or in the aggregate, could not reasonably be expected to have a material adverse effect on the business, consolidated financial position or consolidated results of operations of the Borrower and its Consolidated Subsidiaries or (ii) the necessity of compliance therewith is contested in good faith by appropriate proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower will maintain in effect and enforce policies and procedures designed to achieve compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (acting in their capacities as such) with Anti-Corruption Laws and applicable Sanctions.

Section 5.05 *<u>Consolidated Interest Coverage Ratio</u>*. The Borrower will not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense for any four consecutive fiscal quarters, commencing with the four fiscal quarters ending March 31, 2026, to be less than 4.0:1.0.

Section 5.06 *<u>Negative Pledge</u>*. Neither the Borrower nor any Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Liens existing on the date of this Agreement securing Debt outstanding on the date of this Agreement in a principal amount not exceeding $1,000,000 individually and not exceeding $10,000,000 in the aggregate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Lien existing on the date of this Agreement listed on Schedule 5.06 and securing Debt outstanding on the date of this Agreement in a principal amount of at least $1,000,000 individually;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Lien existing on any asset of any Person at the time such Person becomes a Subsidiary and not created in contemplation of such event;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Lien on any asset securing Debt incurred or assumed for the purpose of financing all or any part of the cost of acquiring such asset, <u>provided</u> that such Lien attaches to such asset concurrently with or within 90 days after the acquisition thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any Lien on any asset of any Person existing at the time such Person is merged or consolidated with or into the Borrower or a Subsidiary and not created in contemplation of such event;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any Lien existing on any asset prior to the acquisition thereof by the Borrower or a Subsidiary and not created in contemplation of such acquisition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any Lien arising out of the refinancing, extension, renewal or refunding of any Debt secured by any Lien permitted by any of the foregoing clauses of this Section, provided that such Debt is not increased (other than any increase reflecting the costs of such refinancing, extension, renewal or refunding) and is not secured by any additional assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Liens arising in the ordinary course of its business which (i) do not secure Debt or Derivatives Obligations, (ii) do not secure any obligation in an amount exceeding $200,000,000 and (iii) do not in the aggregate materially detract from the value of its assets or materially impair the use thereof in the operation of its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Liens on cash and cash equivalents securing Derivatives Obligations; <u>provided</u> that the aggregate amount of cash and cash equivalents subject to such Liens may at no time exceed $125,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) easements, rights of way, restrictions, encroachments, and other minor defects or irregularities in title, in each case which do not and will not interfere in any material respect with the ordinary conduct of the business of the Borrower or any Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any interest or title of a lessor or sublessor under any lease of real estate permitted hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real property; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Liens not otherwise permitted by the foregoing clauses of this Section securing Debt in an aggregate principal amount at any time outstanding not to exceed $250,000,000.

Section 5.07 *<u>Consolidations, Mergers and Sales of Assets</u>*. The Borrower will not (i) consolidate or merge with or into any other Person unless the Borrower remains the surviving entity following such consolidation or merger, (ii) sell, lease or otherwise transfer all or substantially all of the assets of the Borrower to any other Person (other than to a wholly owned Subsidiary) or (iii) sell, lease or otherwise transfer, directly or indirectly, a substantial part of the assets of the Borrower and its Subsidiaries, taken as a whole, to any other Person if (in the case of this <u>clause (iii)</u>) such sale will result in a material adverse change in the business, financial position, results of operations or prospects of the Borrower and its Subsidiaries, taken as a whole.

Section 5.08 *<u>Use of Proceeds</u>*. The proceeds of the Loans made under this Agreement will be used by the Borrower for general corporate purposes. None of such proceeds will be used, directly or indirectly, in violation of the Margin Regulations. The Borrower will not request any Borrowing, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

**Article 6**

Defaults

Section 6.01 *<u>Events of Default</u>*. If one or more of the following events ("**Events of Default**") shall have occurred and be continuing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Borrower shall fail to pay when due any principal of any Loan, or shall fail to pay within five days of the due date thereof any interest, fees or any other amount payable hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Borrower shall fail to observe or perform any covenant contained in <u>Section 5.01(d)</u>, <u>5.05</u>, <u>5.06</u>, <u>5.07</u> or <u>5.08</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Borrower shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those covered by <u>clause (a)</u> or <u>(b)</u> above) for 30 days after written notice thereof has been given to the Borrower by any Administrative Agent or the Servicing Agent at the request of any Bank;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any representation, warranty, certification or statement made by the Borrower in this Agreement or in any certificate, financial statement or other document delivered pursuant to this Agreement shall prove to have been incorrect in any material respect when made (or deemed made);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Borrower and/or one or more of its Subsidiaries shall fail to make one or more payments in respect of Derivatives Obligations in an aggregate amount exceeding the Materiality Threshold;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any event or condition shall occur which results in the acceleration of Debt of the Borrower and/or one or more of its Subsidiaries in an aggregate amount that exceeds the Materiality Threshold or enables the holder of such Debt or any Person acting on such holder's behalf to accelerate the maturity thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the Borrower or any Material Subsidiary shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) an involuntary case or other proceeding shall be commenced against the Borrower or any Material Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 60 days; or an order for relief shall be entered against the Borrower or any Material Subsidiary under the federal bankruptcy laws as now or hereafter in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (i) any member of the ERISA Group shall fail to pay when due an amount or amounts which it shall have become liable to pay under Title IV of ERISA; (ii) notice of intent to terminate a Material Plan shall be filed under Title IV of ERISA by any member of the ERISA Group, any plan administrator or any combination of the foregoing; (iii) the PBGC shall institute proceedings under Title IV of ERISA to terminate, to impose material liability (other than for premiums under Section 4007 of ERISA) in respect of, or to cause a trustee to be appointed to administer any Material Plan; or (iv) there shall occur a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans; which, in each case of <u>clauses (i)</u> to <u>(iv)</u>, could reasonably be expected to cause one or more members of the ERISA Group to incur an obligation that would reasonably be expected to have a material adverse effect on the business, consolidated financial position or consolidated results of operations of the Borrower and its Consolidated Subsidiaries considered as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) a judgment or order for the payment of money in excess of $150,000,000 shall be rendered against the Borrower or any Material Subsidiary and such judgment or order shall continue unsatisfied and unstayed for a period of 60 days, provided, however, that any such judgment or order shall not be an Event of Default under this <u>Section 6.01(j)</u> if and for so long as (i) the amount of such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (ii) such insurer, which shall be rated at least "A" by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or order; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) (x) any person or group of persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under said Act) of 35% or more of the outstanding shares of common stock of the Borrower or (y) during any period of twelve consecutive calendar months, individuals who either were (1) directors of the Borrower on the first day of such period or (2) nominated for election or approved by the board of directors of the Borrower, a majority of whom were directors on the first day of such period or whose election or nomination for election was previously approved by a majority of such directors, shall cease to constitute a majority of the board of directors (excluding vacant seats) of the Borrower;

then, and in every such event, the Servicing Agent shall, if requested by the Required Banks, by notice to the Borrower (i) terminate the Commitments, and they shall thereupon terminate, and/or (ii) declare the Loans (together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder) to be, and the Loans (and all such other obligations) shall thereupon become, immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; <u>provided</u> that in the case of any of the Events of Default specified in <u>clause (g)</u> or <u>(h)</u> above with respect to the Borrower, without any notice to the Borrower or any other act by the Servicing Agent or the Banks, the Commitments shall thereupon terminate and the Loans (together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder) shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

Section 6.02 *<u>Notice of Default</u>*. The Servicing Agent shall give notice to the Borrower under <u>Section 6.01(c)</u> promptly upon being requested to do so by any Bank and shall thereupon notify all the Banks thereof.

**Article 7**

The Agents

Section 7.01 *<u>Appointment and Authorization</u>*. Each Bank irrevocably appoints and authorizes the Administrative Agents and the Servicing Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the Notes as are delegated to the Administrative Agents and the Servicing Agent by the terms hereof or thereof, together with all such powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agents and the Banks, and the Borrower shall not have rights under any of such provisions, except as expressly provided in <u>Section 7.06</u>. It is understood and agreed that the use of the term "agent" herein (or any other similar term) with reference to an Administrative Agent or the Servicing Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. The motivations of the Administrative Agents and the Servicing Agent are commercial in nature and not to invest in the general performance or operations of the Borrower and its Subsidiaries.

Section 7.02 *<u>Rights as a Bank</u>.* JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association shall have the same rights and powers in its capacity as a Bank

as any other Bank and may exercise the same as though it were not an Agent, and the term "Bank" or "Banks" shall, unless otherwise expressly indicated or unless the context otherwise requires, include JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association in its individual capacity. JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association and their respective Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate of the Borrower as if it were not an Agent hereunder and without any duty to account therefor to the Banks*.*

Section 7.03 <u>Duties of Agent; Exculpatory Provisions</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The duties of the Administrative Agents and the Servicing Agent hereunder are solely administrative in nature, and no Agent shall have any duties or obligations except those expressly set forth herein. Without limiting the generality of the foregoing, neither the Administrative Agents nor the Servicing Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that an Administrative Agent or the Servicing Agent is required to exercise as directed in writing by the Required Banks (or such other number or percentage of the Banks as shall be necessary, or as it shall believe in good faith shall be necessary, under the circumstances as provided herein); <u>provided</u> that neither the Administrative Agents nor the Servicing Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose it to liability or that is contrary to this Agreement or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any debtor relief law or that may effect a forfeiture, modification or termination of property of a Defaulting Bank in violation of any debtor relief law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) shall, except as expressly set forth herein, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Related Parties that is communicated to or obtained by the Person serving as an Administrative Agent or the Servicing Agent or any of its Related Parties in any capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Neither the Administrative Agents nor the Servicing Agent shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Banks (or such other number or percentage of the Banks as shall be necessary, or as it shall believe in good faith shall be necessary, under the circumstances as provided herein) or (ii) in the absence of its own gross negligence or willful misconduct (such absence to be presumed unless otherwise determined by a court of competent jurisdiction by a final and non-appealable judgment). Neither the Administrative Agents nor the Servicing Agent shall be deemed to have knowledge of any Default or the event or events that give or may give rise to any Default unless and until the Borrower or any Bank shall have given notice (stating that it is a "notice of default") to such Agent describing such Default and such event or events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Neither the Administrative Agents nor the Servicing Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty, representation or other information made or supplied in or in connection with this Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith or the adequacy, accuracy and/or completeness of the information contained therein, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the sufficiency, validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in <u>Article 3</u> or elsewhere herein, other than (but subject to the foregoing <u>clause (ii)</u>) to confirm receipt of items (which on their face purport to be such items) expressly required to be delivered to the Administrative Agents. Notwithstanding anything herein to the contrary, none of the Administrative Agents or the Servicing Agent shall have any liability arising from any determination that any Bank is a Defaulting Bank, or the effective date of such status, it being further understood and agreed that no Agent shall not have any obligation to determine whether any Bank is a Defaulting Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Nothing in this Agreement shall require any Administrative Agent, the Servicing Agent or any of its Related Parties to carry out any "know your customer" or other checks in relation to any Person on behalf of any Bank, and each Bank confirms to each Administrative Agent and the Servicing Agent that it is solely responsible for any such checks it is required to carry out and that it may not rely on any statement in relation to such checks made by any Administrative Agent, the Servicing Agent or any of its Related Parties.

Section 7.04 *<u>Reliance by Agent</u>*. Each Administrative Agent and the Servicing Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. Each Administrative Agent and the Servicing Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Bank, each Administrative Agent and the Servicing Agent may presume that such condition is satisfactory to such Bank unless an officer of such Agent responsible for the transactions contemplated hereby shall have received notice to the contrary from such Bank prior to the date of the making of such Loan such Bank shall not have made available to the Servicing Agent such Bank's ratable portion of such Borrowing. Each Administrative Agent and the Servicing Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

Section 7.05 *<u>Delegation of Duties</u>*. Each Administrative Agent and the Servicing Agent may perform any and all of its duties and exercise its rights and powers hereunder by or through any one or more sub-agents appointed by such Agent. Each Administrative Agent and the Servicing Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. Each such sub-agent and the Related Parties of each Agent and each such sub-agent shall be entitled to the benefits of all

provisions of this <u>Article 7</u> and <u>Section 9.03</u> (as though such sub-agents were the "Agent" under this Agreement) as if set forth in full herein with respect thereto.

Section 7.06 *<u>Resignation of Agent</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Servicing Agent may at any time give notice of its resignation to the Banks and the Borrower. Upon receipt of any such notice of resignation, the Required Banks shall have the right, subject to approval by the Borrower so long as no Event of Default has occurred and is continuing (such approval not to be unreasonably withheld or delayed), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Banks and shall have accepted such appointment within 30 days after the retiring Servicing Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Banks) (the "Resignation Effective Date"), then the retiring Servicing Agent may (but shall not be obligated to), on behalf of the Banks, appoint a successor Servicing Agent meeting the consent requirements and qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) If the Person serving as Servicing Agent is a Defaulting Bank pursuant to <u>clause (v)</u> of the definition thereof, the Required Banks may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Servicing Agent and, subject to approval by the Borrower so long as no Event of Default has occurred and is continuing (such approval not to be unreasonably withheld or delayed), appoint a successor. If no such successor shall have been so appointed by the Required Banks and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Banks) (the "Removal Effective Date"), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If a Person serving as an Administrative Agent is a Defaulting Bank pursuant to <u>clause (v)</u> of the definition thereof, the Required Banks may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as an Administrative Agent and, subject to approval by the Borrower so long as no Event of Default has occurred and is continuing (such approval not to be unreasonably withheld or delayed), appoint a successor. If no such successor shall have been so appointed by the Required Banks and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Banks), then such removal shall nonetheless become effective in accordance with such notice on such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Servicing Agent shall be discharged from its duties and obligations as Servicing Agent hereunder and (ii) except for any indemnity and expense reimbursement payments owed to the retiring or removed Servicing Agent, all payments, communications and determinations provided to be made by, to or through the Servicing Agent shall instead be made by or to each Bank directly, until such time, if any, as a successor Servicing Agent is appointed as provided for above. Upon the acceptance of a successor's appointment as Servicing Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties as Servicing Agent of the retiring or removed Servicing Agent

(other than any rights to indemnity and expense reimbursement payments owed to the retiring or removed Servicing Agent), and the retiring or removed Servicing Agent shall be discharged from all of its duties and obligations as Servicing Agent hereunder (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Servicing Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Servicing Agent's resignation or removal hereunder, the provisions of this Article and <u>Section 9.03</u> shall continue in effect for the benefit of such retiring or removed Servicing 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 or removed Servicing Agent was acting as Servicing Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any resignation or removal of the Servicing Agent pursuant to this <u>Section 7.06</u> shall also be deemed to be the resignation or removal of the Person acting as Servicing Agent in its capacity as an Administrative Agent.

Section 7.07 *<u>Non-Reliance on Agent and Other Banks</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Bank represents and warrants that (i) this Agreement sets forth the terms of a commercial lending facility, (ii) in participating as a Bank hereunder, it is engaged in making, acquiring or holding commercial loans, in each case in the ordinary course of business, and not for the purpose of investing in the general performance or operations of the Borrower and its Subsidiaries, or for the purpose of purchasing, acquiring or holding any other type of financial instrument, such as a security (and each Bank agrees not to assert a claim in contravention of the foregoing, such as a claim under the federal or state securities law), (iii) it has, independently and without reliance upon the Servicing Agent, any Administrative Agent or any other Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Bank, and to make, acquire or hold Loans hereunder and (iv) it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans, is experienced in making, acquiring or holding such commercial loans. Each Bank also acknowledges that it will, independently and without reliance upon the Servicing Agent, any Administrative Agent or any other Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain Nonpublic Information) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement or any related agreement or any document furnished hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Bank, by delivering its signature page to this Agreement on the Effective Date, or delivering its signature page to an Assignment and Assumption or any other document pursuant to which it shall become a Bank hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, this Agreement and each other document required to be delivered to, or be approved by or satisfactory to, the Servicing Agent, the Administrative Agents or the Banks on the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) Each Bank hereby agrees that (x) if the Servicing Agent notifies such Bank that the Servicing Agent has determined in its sole discretion that any funds received by such Bank

from the Servicing Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a "**Payment**") were erroneously transmitted to such Bank (whether or not known to such Bank), and demands the return of such Payment (or a portion thereof), such Bank shall promptly, but in no event later than one Business Day thereafter (or such later date as the Servicing Agent may, in its sole discretion, specify in writing), return to the Servicing Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon (except to the extent waived in writing by the Servicing Agent) in respect of each day from and including the date such Payment (or portion thereof) was received by such Bank to the date such amount is repaid to the Servicing Agent at the Overnight Rate, and (y) to the extent permitted by applicable law, such Bank shall not assert, and hereby waives, as to the Servicing Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Servicing Agent for the return of any Payments received, including without limitation any defense based on "discharge for value" or any similar doctrine. A notice of the Servicing Agent to any Bank under this <u>Section 7.07(c)</u> shall be conclusive, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Bank hereby further agrees that if it receives a Payment from the Servicing Agent or any of its Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Servicing Agent (or any of its Affiliates) with respect to such Payment (a "**Payment Notice**") or (y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Bank agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Bank shall promptly notify the Servicing Agent of such occurrence and, upon demand from the Servicing Agent, it shall promptly, but in no event later than one Business Day thereafter (or such later date as the Servicing Agent may, in its sole discretion, specify in writing), return to the Servicing Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon (except to the extent waived in writing by the Servicing Agent) in respect of each day from and including the date such Payment (or portion thereof) was received by such Bank to the date such amount is repaid to the Servicing Agent at the Overnight Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Borrower hereby agrees that (x) in the event an erroneous Payment (or portion thereof) are not recovered from any Bank that has received such Payment (or portion thereof) for any reason, the Servicing Agent shall be subrogated to all the rights of such Bank with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any obligations owed by the Borrower hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Each party's obligations under this <u>Section 7.07(c)</u> shall survive the resignation or replacement of the Servicing Agent or any transfer of rights or obligations by, or the replacement of, a Bank, the termination of the Commitments or the repayment, satisfaction or discharge of all obligations owed by the Borrower hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Bank acknowledges that there may be a constant flow of information (including information which may be subject to confidentiality obligations in favor of the Borrower and its Subsidiaries) between the Borrower and its Affiliates, on the one hand, and

JPMorgan Chase Bank, N.A. and its Affiliates, on the other hand. Without limiting the foregoing, the Borrower and its Affiliates may provide information, including updates to previously provided information to JPMorgan Chase Bank, N.A. and its Affiliates acting in different capacities, including as Bank, lead bank, arranger or potential securities investor, independent of the role of JPMorgan Chase Bank, N.A. as an Administrative Agent and the Servicing Agent hereunder. Each Bank acknowledges that neither JPMorgan Chase Bank, N.A. nor its Affiliates shall be under any obligation to provide any of the foregoing information to them. Notwithstanding anything to the contrary set forth herein, except for notices, reports and other documents expressly required to be furnished to the Banks by the Servicing Agent herein, JPMorgan Chase Bank, N.A. shall not have any duty or responsibility to provide, and shall not be liable for the failure to provide, any Bank with any credit or other information concerning the Loans, the Banks, the business, prospects, operations, property, financial and other condition or creditworthiness of the Borrower or any of its Affiliates that is communicated to, obtained by, or in the possession of, JPMorgan Chase Bank, N.A. or any of its Affiliates in any capacity, including any information obtained by any Administrative Agent or the Servicing Agent in the course of communications among such Administrative Agent or the Servicing Agent and the Borrower, any of its Affiliates or any other Person. Notwithstanding the foregoing, any such information may (but shall not be required to) be shared by any Administrative Agent or the Servicing Agent with one or more Banks or any formal or informal committee or ad hoc group of such Banks, including at the direction of the Borrower.

Section 7.08 *<u>No Other Duties, etc.</u>* Anything herein to the contrary notwithstanding, none of the Persons acting as Arrangers shall have any duties or responsibilities under this Agreement, except in its capacity, as applicable, as an Agent or as a Bank hereunder, but all such Persons shall have the benefit of the indemnities, expense reimbursement and exculpatory provisions provided for hereunder.

Section 7.09 *<u>Fees</u>*. The Borrower shall pay to the Servicing Agent for its own account fees in the amounts and at the times previously agreed upon between the Borrower and the Servicing Agent.

Section 7.10 *<u>Bank ERISA Representation</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Bank (x) represents and warrants, as of the date such Person became a Bank party hereto, to, and (y) covenants, from the date such Person became a Bank party hereto to the date such Person ceases being a Bank party hereto, for the benefit of, the Administrative Agents and the Servicing Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such Bank is not using "plan assets" (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments or this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain

transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (A) such Bank is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Bank to enter into, participate in, administer and perform the Loans, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Bank, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agents and the Servicing Agent, in their sole discretion, and such Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition, unless either (1) <u>sub-clause (i)</u> in <u>paragraph (a)</u> of this Section is true with respect to a Bank or (2) a Bank has provided another representation, warranty and covenant in accordance with <u>sub-clause (iv)</u> in <u>paragraph (a)</u> of this Section, such Bank further (x) represents and warrants, as of the date such Person became a Bank party hereto, to, and (y) covenants, from the date such Person became a Bank party hereto to the date such Person ceases being a Bank party hereto, for the benefit of, the Administrative Agents and the Servicing Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that neither any Administrative Agent nor the Servicing Agent is a fiduciary with respect to the assets of such Bank involved in such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agents or the Servicing Agent under this Agreement or any documents related hereto or thereto).

As used in this Section:

"**Benefit Plan**" means any of (a) an "employee benefit plan" (as defined in ERISA) that is subject to Title I of ERISA, (b) a "plan" as defined in and subject to Section 4975 of the Internal Revenue Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such "employee benefit plan" or "plan".

"**PTE**" means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

Section 7.11 *<u>Posting of Communications</u>.* (a) The Borrower agrees that the Servicing Agent may, but shall not be obligated to, make any Communications available to the Banks by posting the Communications on an Approved Electronic Platform.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Although the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies implemented or modified by the Servicing Agent from time to time (including, as of the Effective Date, a user ID/password authorization system) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Banks and the Borrower acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure, that the Servicing Agent is not responsible for approving or vetting the representatives or contacts of any Bank that are added to the Approved Electronic Platform and that there may be confidentiality and other risks associated with such distribution. Each of the Banks and the Borrower hereby approves distribution of the Communications through the Approved Electronic Platform and understands and assumes the risks of such distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) EACH OF THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED "AS IS" AND "AS AVAILABLE". THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE APPROVED ELECTRONIC PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM OR THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE SERVICING AGENT, THE ADMINISTRATIVE AGENTS, THE ARRANGERS OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, THE "<u>AGENT PARTIES</u>") HAVE ANY LIABILITY TO THE BORROWER, ANY BANK OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER'S OR THE SERVICING AGENT'S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Bank agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Bank for purposes of this Agreement. Each Bank agrees (i) to notify the Servicing Agent in writing (which could be in the form of electronic communication) from time to time of such Bank's email address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such email address.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each of the Banks and the Borrower agrees that the Servicing Agent may, but (except as may be required by applicable law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Servicing Agent's generally applicable document retention procedures and policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Nothing herein shall prejudice the right of the Servicing Agent, the Administrative Agents or any Bank to give any notice or other communication pursuant to this Agreement.

**Article 8**

Change in Circumstances

Section 8.01 *<u>Alternate Rate of Interest</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section 8.01(b)</u>, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Servicing Agent determines (which determination shall be conclusive absent manifest error), prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Term SOFR Rate (including because the Term SOFR Reference Rate is not available or published on a current basis), for such Interest Period; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Servicing Agent is advised by the Required Banks, prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that the Term SOFR Rate for such Interest Period will not adequately and fairly reflect the cost to such Banks of making or maintaining their included in such Borrowing for such Interest Period;

then the Servicing Agent shall give notice thereof to the Borrower and the Banks (which may be by telephone) as promptly as practicable thereafter and, until (x) the Servicing Agent notifies the Borrower and the Banks that the circumstances giving rise to such notice no longer exist and (y) the Borrower delivers a new Notice of Interest Rate Election in accordance with the terms of <u>Section 2.08</u> or a new Notice of Borrowing in accordance with the terms of <u>Section 2.02</u>, any Notice of Interest Rate Election that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Term Benchmark Borrowing and any Notice of Borrowing that requests a Term Benchmark Borrowing shall instead be deemed to be a Notice of Interest Rate Election or a new Notice of Borrowing, as applicable, for a Base Rate Borrowing. Furthermore, if any Term Benchmark Loan is outstanding on the date of the Borrower's receipt of the notice from the Servicing Agent referred to in this <u>Section 8.01(a)</u> with respect to Term SOFR Rate, then until (x) the Servicing Agent notifies the Borrower and the Banks that the circumstances giving rise to such notice no longer exist and (y) the Borrower delivers a new Notice of Interest Rate Election in accordance with the terms of <u>Section 2.08</u> or a new Notice of Borrowing in accordance with the terms of <u>Section 2.02</u>, any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a Base Rate Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) Notwithstanding anything to the contrary herein, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with <u>clause (1)</u> of the definition of "Benchmark Replacement" for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all

purposes hereunder in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement and (y) if a Benchmark Replacement is determined in accordance with <u>clause (2)</u> of the definition of "Benchmark Replacement" for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth Business Day after the date notice of such Benchmark Replacement is provided to the Banks without any amendment to, or further action or consent of any other party to, this Agreement so long as the Servicing Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Banks comprising the Required Banks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding anything to the contrary herein, the Servicing Agent will have the right, in consultation with the Borrower, to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Servicing Agent will promptly notify the Borrower and the Banks of (A) any occurrence of a Benchmark Transition Event, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes, (D) the removal or reinstatement of any tenor of a Benchmark pursuant to <u>clause (iv)</u> below and (E) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Servicing Agent or, if applicable, any Bank (or group of Banks) pursuant to this <u>Section 8.01</u>, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement, except, in each case, as expressly required pursuant to this <u>Section 8.01</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Notwithstanding anything to the contrary herein, at any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including the Term SOFR Rate) and either (x) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Servicing Agent in its reasonable discretion or (y) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Servicing Agent may modify the definition of "Interest Period" for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to <u>clause (A)</u> above either (x) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (y) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Servicing Agent may modify the definition of

"Interest Period" for all Benchmark settings at or after such time to reinstate such previously removed tenor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Upon the Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a borrowing of, conversion to or continuation of Term Benchmark Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any request for a Term Benchmark Borrowing into a request for a borrowing of or conversion to a Base Rate Borrowing. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Base Rate. Furthermore, if any Term Benchmark Loan is outstanding on the date of the Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period with respect to Term SOFR Rate, then until such time as a Benchmark Replacement is implemented pursuant to this <u>Section 8.01</u>, any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a Base Rate Loan.

Section 8.02  *<u>Reserved</u>*.

Section 8.03  *<u>Increased Cost and Reduced Return</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If on or after the date hereof, the adoption of any applicable law, rule or regulation, or any change therein, or any change in the interpretation or administration thereof by any central bank or other Governmental Authority charged with the interpretation or administration thereof, or compliance by any Bank (or its Applicable Lending Office) with any request or directive (whether or not having the force of law) of any such central bank or other Governmental Authority, shall impose, modify or deem applicable any reserve, compulsory loan, special deposit, insurance assessment or similar requirement (including, without limitation, any such requirement imposed by the Board) against assets of, deposits with or for the account of, or credit extended by, any Bank (or its Applicable Lending Office) or shall impose on any Bank (or its Applicable Lending Office) any other condition, cost or expense (other than taxes) affecting its Loans or its obligation to make Loans and the result of any of the foregoing is to increase the cost to such Bank (or its Applicable Lending Office) of making, continuing, converting to or maintaining any Loan, or to reduce the amount of any sum received or receivable by such Bank (or its Applicable Lending Office) under this Agreement by an amount deemed by such Bank to be material, then, within 30 days after demand by such Bank (with a copy to the Servicing Agent), the Borrower shall pay to such Bank such additional amount or amounts as will compensate such Bank for such increased cost or reduction; <u>provided</u> that the Borrower shall not be required to compensate a Bank pursuant to this <u>Section 8.03(a)</u> for any increased costs or reductions incurred more than 180 days prior to the date that such Bank notifies the Borrower and the Servicing Agent of the event described in this <u>Section 8.03(a)</u> that gives rise to such increased cost or reduction and of such Bank's intention to claim compensation therefor, and <u>provided further</u> that if the event giving rise to such increased cost or reduction is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Bank shall have determined that, after the date hereof, the adoption of any applicable law, rule or regulation regarding capital adequacy or liquidity requirements, or any change therein, or any change in the interpretation or administration thereof by any central bank or other Governmental Authority charged with the interpretation or administration thereof, or any request or directive regarding capital adequacy or liquidity requirements (whether or not having the force of law) of any such central bank or other Governmental Authority, has or would have the effect of reducing the rate of return on capital of such Bank (or its Parent) as a consequence of such Bank's obligations hereunder to a level below that which such Bank (or its Parent) could have achieved but for such adoption, change, request or directive (taking into consideration its policies with respect to capital adequacy or liquidity) by an amount deemed by such Bank to be material, then from time to time, within 30 days after demand by such Bank (with a copy to the Servicing Agent), the Borrower shall pay to such Bank such additional amount or amounts as will compensate such Bank (or its Parent) for such reduction; <u>provided</u> that the Borrower shall not be required to compensate a Bank pursuant to this <u>Section 8.03(b)</u> for any reductions incurred more than 180 days prior to the date that such Bank so notifies the Borrower and the Servicing Agent of the event described in this <u>Section 8.03(b)</u> that gives rise to such reduction and of such Bank's intention to claim compensation therefor, and <u>provided further</u> that if the event giving rise to such increased cost or reduction is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Bank will promptly notify the Borrower and the Servicing Agent of any event of which it has knowledge, occurring after the date hereof, which will entitle such Bank to compensation pursuant to this <u>Section 8.03</u>. A certificate of any Bank claiming compensation under this Section and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, such Bank may use any reasonable averaging and attribution methods. Any Bank's claim for compensation under this <u>Section 8.03</u> shall certify that the claim for additional amounts referred to therein is generally consistent with such Bank's treatment of similarly situated customers of such Bank whose transactions with such Bank are similarly affected by the change in circumstances giving rise to such payment, but such Bank shall not be required to disclose any confidential or proprietary information therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the avoidance of doubt, this <u>Section 8.03</u> shall apply to all rules, guidelines or directives concerning capital adequacy or liquidity issued in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act and all rules, guidelines or directives concerning capital adequacy or liquidity promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States financial regulatory authorities, in each case pursuant to Basel III, regardless of the date adopted, issued, promulgated or implemented.

Section 8.04 *<u>Taxes</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any and all payments by the Borrower to or for the account of any Bank or the Servicing Agent hereunder or under any Note shall be made without deduction for any Taxes or Other Taxes; <u>provided</u> that, if the Borrower shall be required by law to deduct any Taxes or Other Taxes from any such payments, (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under

this Section) such Bank or the Servicing Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions, (iii) the Borrower shall pay the full amount deducted to the relevant taxation authority or other Governmental Authority in accordance with applicable law and (iv) the Borrower shall furnish to the Servicing Agent, at its address referred to in <u>Section 9.01</u>, the original or a certified copy of a receipt evidencing payment thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower agrees to indemnify, without duplication, each Bank and the Servicing Agent for the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section) paid by such Bank or the Servicing Agent (as the case may be) and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto. This indemnification shall be paid within 15 days after such Bank or the Servicing Agent (as the case may be) makes demand therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Bank and successor Servicing Agent that is not a U.S. Person (each, a "**Foreign Bank**"), to the extent it is legally entitled to do so, on or prior to the date of its execution and delivery of this Agreement in the case of each Bank listed on the signature pages hereof and on or prior to the date on which it becomes a Bank in the case of each other Bank and on or prior to the date it becomes the Servicing Agent in the case of the successor Servicing Agent, and from time to time thereafter if requested in writing by the Borrower or the Servicing Agent, shall provide the Borrower and the Servicing Agent with whichever of the following is applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) executed copies of Internal Revenue Service form W-8ECI, W-8BEN or W-8BEN-E, as appropriate, or any successor form prescribed by the Internal Revenue Service, certifying that such Bank or such Servicing Agent is entitled to benefits under an income tax treaty to which the United States is a party which exempts such Bank or such Servicing Agent from United States withholding tax or reduces the rate of withholding tax on payments of interest or other applicable payments to or for the account of such Bank or such Servicing Agent or certifying that the income receivable pursuant to this Agreement or any Note is effectively connected with the conduct of a trade or business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Foreign Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal Revenue Code, (x) a certificate to the effect that such Foreign Bank is not a "bank" within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a "10 percent shareholder" of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Internal Revenue Code and (y) executed copies of Internal Revenue Service form W-8BEN or W-BEN-E; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to the extent a Foreign Bank is not the beneficial owner, executed copies of Internal Revenue Service form W-8IMY, accompanied by Internal Revenue Service form W-8ECI, Internal Revenue Service form W-8BEN, Internal Revenue Service form W-8BEN-E, Internal Revenue Service form W-9, and/or other certification documents necessary or sufficient to establish a reduction or elimination of withholding tax from the Foreign Bank and each beneficial owner, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If a payment made to a Bank or a successor Servicing Agent hereunder or under any Note would be subject to U.S. federal withholding Tax imposed by FATCA if such Bank or such Servicing Agent were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Bank or such Servicing Agent shall deliver to the Borrower and the Servicing Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Servicing Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrower or the Servicing Agent as may be necessary for the Borrower and the Servicing Agent to comply with their obligations under FATCA and to determine that such Bank or such Servicing Agent has complied with such Bank's or such Servicing Agent's obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this <u>paragraph (d)</u>, "FATCA" shall include any amendments made to FATCA after the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each Bank and the Servicing Agent (or successor Servicing Agent, as applicable) that is a U.S. Person, on or prior to the date of its execution and delivery of this Agreement in the case of each Bank listed on the signature pages hereof and on or prior to the date on which it becomes a Bank in the case of each other Bank and on or prior to the date it becomes the Servicing Agent in the case of a successor Servicing Agent, and from time to time thereafter if requested in writing by the Borrower or the Servicing Agent (but only so long as such Bank or such Servicing Agent remains lawfully able to do so), shall provide the Borrower and the Servicing Agent with a duly executed and properly completed Internal Revenue Service form W-9, or any successor form prescribed by the Internal Revenue Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each Bank and the Servicing Agent (or successor Servicing Agent, as applicable) agree that if any form or certification it previously delivered pursuant to <u>Sections 8.04(c)</u> through <u>(e)</u> expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification (provided that, in the case of any form or certification that expires or becomes obsolete, such Bank or Servicing Agent, as applicable, shall only update such form upon written request from the Borrower or the Servicing Agent, as applicable) or promptly notify the Borrower and the Servicing Agent in writing of its legal inability to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) For any period with respect to which a Bank or Servicing Agent has failed to comply with its obligations under <u>Sections 8.04(c)</u> through <u>(f)</u>, such Bank or Servicing Agent shall not be entitled to indemnification or compensation under <u>Section 8.04(a)</u> or <u>(b)</u> with respect to Taxes imposed by the United States or any political subdivision thereof; provided that if a Bank, which is otherwise exempt from or subject to a reduced rate of withholding tax, becomes subject to Taxes because of its failure to deliver a form required hereunder, the Borrower shall take such steps as such Bank shall reasonably request to assist such Bank to recover such Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) If any Bank or the Servicing Agent determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes (including by virtue of a credit against other Taxes or Other Taxes) as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this <u>Section 8.04</u>, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower with respect to the Taxes or Other Taxes giving rise to such refund or credit), net

of all reasonable out-of-pocket expenses of the Bank or the Servicing Agent and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrower, upon the request of such Bank or the Servicing Agent, as applicable, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Bank or the Servicing Agent in the event such Bank or the Servicing Agent is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this <u>paragraph (h)</u>, in no event will the Servicing Agent or any Bank be required to pay any amount to the Borrower pursuant to this <u>paragraph (h)</u> the payment of which would place the Servicing Agent or such Bank in a less favorable net after-Tax position than the Servicing Agent or such Bank would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This <u>paragraph (h)</u> shall not be construed to require the Servicing Agent or any Bank to make available its tax returns (or any other information relating to its taxes that it deems confidential) to Borrower or any other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each party's obligations under this <u>Section 8.04</u> shall survive the resignation or replacement of any Agent or any assignment of rights by, or the replacement of, a Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under this Agreement or any Note.

Section 8.05 *<u>Base Rate Loans Substituted for Affected Term Benchmark Loans</u>*. If any Bank has demanded compensation under <u>Section 8.03</u> with respect to its Term Benchmark Loans, and the Borrower shall, by at least three Business Days' prior notice to such Bank through the Servicing Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist all Loans which would otherwise be made by such Bank as (or continued as or converted to) Term Benchmark Loans shall instead be Base Rate Loans on which interest and principal shall be payable contemporaneously with the related Term Benchmark Loans of the other Banks. If such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist, the principal amount of each such Base Rate Loan shall be converted into a Term Benchmark Loan on the first day of the next succeeding Interest Period applicable to any related Term Benchmark Loans of the other Banks.

Section 8.06 *<u>Mitigation Obligations;</u> <u>Replacement of Banks</u>*. (a) If any Bank has demanded compensation under <u>Section 8.03</u> or <u>8.04</u>, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to <u>Section 8.03</u> or <u>8.04</u>, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If (x) any Bank has demanded compensation under <u>Section 8.03</u> or <u>8.04</u>, (y) any Bank is a Defaulting Bank or (z) any Bank does not approve any consent, waiver or amendment that (1) requires the approval of all Banks or all affected Banks in accordance with the terms of

<u>Section 9.05</u> and (2) has been approved by the Required Banks, then the Borrower may, at its sole expense and effort, upon notice to such Bank and the Servicing Agent, require such Bank to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, <u>Section 9.06</u>), all of its interests, rights (other than its existing rights to payments pursuant to <u>Section 8.03</u> or <u>Section 8.04</u>) and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which assignee may be another Bank, if a Bank accepts such assignment); <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Borrower shall have paid to the Servicing Agent the assignment fee (if any) specified in <u>Section 9.06(b)(iv)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such Bank 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 (including any amounts under <u>Section 2.15</u>) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of any such assignment resulting from a claim for compensation under <u>Section 8.03</u> or payments required to be made pursuant to <u>Section 8.04</u>, such assignment will result in a reduction in such compensation or payments thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such assignment does not conflict with applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) in the case of any assignment resulting from the failure to provide such approval, the applicable assignee shall have consented to the applicable amendment, waiver or consent.

A Bank shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Bank or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

**Article 9**

Miscellaneous

Section 9.01 *<u>Notices</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Notices General*. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in <u>paragraph (b)</u> 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 email as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if to the Borrower, at its address at:

The Clorox Company

1221 Broadway

Oakland, California 94612

Attention: Corporate Treasury

Email: corporate.treasury@clorox.com

With a copy (which shall not constitute notice) to:

1221 Broadway

Oakland, California 94612

Attention: Chief Legal Officer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if to any Administrative Agent or the Servicing Agent from the Borrower, to the address, email address or telephone number separately provided by such Agent to the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if to any Administrative Agent or the Servicing Agent from any other Bank, to the address, email address or telephone number specified in its Administrative Questionnaire; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if to any Bank, to the address, email address or telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received. Notices delivered through electronic communications, to the extent provided in <u>paragraph (b)</u> below, shall be effective as provided in said <u>paragraph (b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Electronic Communications*. Notices and other communications to the Banks hereunder may be, in addition to email, delivered or furnished by other electronic communication (including the Approved Electronic Platform), <u>provided</u> that the foregoing shall not apply to notices to any Bank pursuant to <u>Article 2</u> if such Bank has notified the Servicing Agent that it is incapable of receiving notices under such Article by such other electronic communication. The Servicing Agent, any Administrative Agent or the Borrower may, in its discretion and in addition to email, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; <u>provided</u> that approval of such procedures may be limited to particular notices or communications.

Unless the Servicing 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), and (ii) notices or communications posted to an Approved Electronic Platform shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing <u>clause (i)</u>, of notification that such notice or communication is available and identifying the website address therefor; <u>provided</u> that, for both <u>clauses (i)</u> and <u>(ii)</u> above, if such notice, email 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Change of Address, etc.* Any party hereto may change its address, telephone number or email address for notices and other communications hereunder by notice, in the case of any Administrative Agent, the Servicing Agent or the Borrower, to the other parties hereto and, in the case of any Bank, by notice to the Administrative Agents, the Servicing Agent and the Borrower.

Section 9.02 *<u>No Waivers</u>*. No failure or delay by any Agent or Bank in exercising any right, power or privilege hereunder or under any Note shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

Section 9.03 *<u>Expenses, Indemnification; Limitation of Liability</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower shall pay (i) all out-of-pocket expenses of the Agents, including reasonable fees and disbursements of one joint special counsel for the Agents, in connection with the preparation and administration of this Agreement, any waiver or consent hereunder or any amendment hereof or any Default or alleged Default hereunder and (ii) if an Event of Default occurs, all out-of-pocket expenses incurred by each Agent and Bank, including the reasonable fees and disbursements of counsel, in connection with such Event of Default and collection, bankruptcy, insolvency and other enforcement proceedings resulting therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower agrees to indemnify each Agent, Arranger and Bank and their respective Related Parties (each, an "**Indemnitee**") and hold each Indemnitee harmless from and against any and all liabilities, losses, damages, costs and expenses of any kind, including, without limitation, the reasonable fees and disbursements of counsel (which shall be limited, in the case of any one proceeding or series of related proceedings, to the fees, charges and disbursements of one counsel to all Indemnitees (and if reasonably necessary, of one regulatory counsel and one local counsel in any relevant jurisdiction), and solely in the case of an actual or potential conflict of interest notified to the Borrower in writing, of one additional counsel (and if reasonably necessary, of one regulatory counsel and one local counsel in any relevant jurisdiction to all similarly situated Indemnitees)), which may be incurred by or asserted against such Indemnitee in connection with any investigative, administrative or judicial proceeding (whether or not such Indemnitee shall be designated a party thereto, whether based on contract, tort or any other theory and regardless of whether such proceeding is initiated by a third party or by the Borrower or any of its Affiliates) brought or threatened, relating to or arising out of this Agreement or any Note or any actual or proposed use of proceeds of Loans hereunder; <u>provided</u> that no Indemnitee shall have the right to be indemnified hereunder (i) for such Indemnitee's or any of its Related Parties' own gross negligence or willful misconduct or material breach of this Agreement, in each case, as determined by a court of competent jurisdiction in a final non-appealable judgment, or (ii) in respect of any disputes between or among any Indemnitees other than an Indemnitee in its capacity as, or in fulfilling its role as, an Agent or an Arranger.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the fullest extent permitted by applicable law, (i) the Borrower shall not assert against any Agent, Arranger or Bank or any of their respective Related Parties (each, a "***Bank-Related Person***") and (ii) no Agent, Arranger or Bank shall assert against the Borrower, and each of the foregoing hereby waives, any claim, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof; <u>provided</u> that nothing contained in this sentence shall limit the Borrower's indemnification obligations to the extent such special, indirect, consequential or punitive damages are included in any third party claim in connection with which any Bank-Related Person is entitled to

indemnification hereunder. The Borrower shall not assert, and hereby waives, any claim against any Bank-Related Person, on any theory of liability, for any damages arising from the use by others of information or other materials (including any personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet) in connection with this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under <u>paragraph (a)</u> or <u>(b)</u> of this Section to be paid by it to any Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Bank severally agrees to pay to such Agent (or any such sub-agent) or such Related Party, as the case may be, such Bank's pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Bank); <u>provided</u>, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent (or any such sub-agent) in its capacity, or in fulfilling its role as such or against any Related Party of any of the foregoing acting for such Agent (or any such sub-agent) in connection with such capacity. The obligations of the Banks under this <u>paragraph (c)</u> are several and not joint. For purposes of this paragraph, a Bank's "pro rata share" shall be determined based upon its share of the aggregate outstanding Loans and unused Commitments at the time (or most recently outstanding or in effect).

Section 9.04 *<u>Sharing of Set-Offs</u>*. If any Bank shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans resulting in such Bank receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Bank receiving such greater proportion shall (a) notify the Servicing Agent of such fact and (b) purchase (for cash at face value) participations in the Loans of the other Banks, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Banks ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the provisions of this paragraph shall not be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Bank), or (y) any payment obtained by a Bank as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this paragraph shall apply).

The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Bank acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such

participation as fully as if such Bank were a direct creditor of the Borrower in the amount of such participation.

Section 9.05 *<u>Amendments and Waivers</u>*. Except as provided in <u>Section 8.01(b)</u>, any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by the Borrower and by the Required Banks (and, if the rights or duties of any Agent are affected thereby, by it); <u>provided</u> that no such amendment or waiver shall, unless signed by each affected Bank, (i) increase or extend the Commitment of any Bank, or change the currency in which Loans are available thereunder, (ii) reduce the principal of or rate of interest on any Loan or any fees hereunder (with any waiver of the default interest rate not to be considered a reduction of the interest rate or fees) or (iii) postpone the date fixed for any payment of principal of or interest on any Loan or any fees hereunder (or reduce the amount of, waive or excuse any such payment) (except pursuant to an extension of the Maturity Date pursuant to <u>Section 2.06(b)</u>), or for the termination of any Commitment; and <u>provided further</u> that, unless signed by all Banks, no such amendment or waiver shall (x) change the percentage set forth in the definition of Required Banks, or the number of Banks, which shall be required for the Banks or any of them to take any action under this Section or any other provision of this Agreement or (y) change <u>Section 9.04</u> in a manner that would alter the pro rata sharing of payments required thereby or change <u>Section 2.10</u> or <u>2.11</u> in a manner that would alter the requirement that any reduction of the Commitments thereunder be ratable as among the Banks.

Section 9.06 *<u>Successors and Assigns</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Successors and Assigns Generally*. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of all Banks, and no Bank may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of <u>Sections 9.06(b)</u> and <u>(c)</u>, (ii) by way of participation in accordance with the provisions of <u>Section 9.06(d)</u>, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of <u>Section 9.06(e)</u> (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in <u>Section 9.06(d)</u> and, to the extent expressly contemplated hereby, the Arrangers and the Related Parties of each of the Administrative Agents, the Servicing Agent and the Banks) any legal or equitable right, remedy or claim under or by reason of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Assignments by Banks*. Any Bank may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); <u>provided</u> that any such assignment shall be subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Minimum Amounts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) in the case of an assignment of the entire remaining amount of the assigning Bank's Commitment and/or the Loans at the time owing to it or in the

case of an assignment to a Bank or an Affiliate of a Bank, no minimum amount need be assigned; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) in any case not described in <u>Section 9.06(b)(i)(A)</u>, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Bank subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Servicing Agent or, if "<u>Trade Date</u>" is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the Servicing Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Proportionate Amounts</u>. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Bank's rights and obligations under this Agreement with respect to the Loan or the Commitment assigned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Required Consents</u>. No consent shall be required for any assignment except to the extent required by <u>Section 9.06(b)(i)(B)</u> and, in addition:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default arising under <u>Section 6.01(a)</u> or <u>6.01(g)</u> has occurred and is continuing at the time of such assignment, (y) any other Event of Default has occurred and has been continuing for at least 45 days as of the time of such assignment or (z) such assignment is to a Bank or an Affiliate of a Bank; <u>provided</u> that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Servicing Agent within five Business Days after having received notice thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the consent of each Administrative Agent and the Servicing Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments to a Person that is not a Bank or an Affiliate of such Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Assignment and Assumption</u>. The parties to each assignment shall execute and deliver to the Servicing Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; <u>provided</u> that the Servicing Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment**.** The assignee, if it is not a Bank, shall deliver to the Servicing Agent an Administrative Questionnaire.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>No Assignment to Certain Persons</u>. No such assignment shall be made to (A) the Borrower or any of the Borrower's Subsidiaries or other Affiliates or (B) any Defaulting Bank or any of its subsidiaries, or any Person that, upon becoming a Bank hereunder, would constitute any of the foregoing Persons described in this <u>clause (B)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>No Assignment to Natural Persons</u>. No such assignment shall be made to a natural person or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) <u>Certain Additional Payments</u>. In connection with any assignment of rights and obligations of any Defaulting Bank hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Servicing Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Servicing Agent, the applicable pro rata share of all Loans previously requested but not funded by the Defaulting Bank, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Bank to the Servicing Agent and each other Bank hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Bank hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Bank for all purposes of this Agreement until such compliance occurs.

Subject to acceptance and recording thereof by the Servicing Agent pursuant to <u>Section 9.06(c)</u>, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Bank under this Agreement, and the assigning Bank thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Bank's rights and obligations under this Agreement, such Bank shall cease to be a party hereto) but shall continue to be entitled to the benefits of <u>Sections 2.15</u>, <u>8.03</u>, <u>8.04</u> and <u>9.03</u> with respect to facts and circumstances occurring prior to the effective date of such assignment; <u>provided</u>, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Bank will constitute a waiver or release of any claim of any party hereunder arising from that Bank's having been a Defaulting Bank. Any assignment or transfer by a Bank of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Bank of a participation in such rights and obligations in accordance with <u>Section 9.06(d)</u> and shall be subject to the Participant Register registration requirements set forth therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Register*. The Servicing Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices in the United States a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Banks, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Bank pursuant to the terms hereof from time to time (the "<u>Register</u>"). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Servicing Agent and the Banks shall treat each Person whose name is recorded in the Register

pursuant to the terms hereof as a Bank hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Bank, at any reasonable time and from time to time upon reasonable prior notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Participations*. Any Bank may at any time, without the consent of, or notice to, the Borrower or any Agent, sell participations to any Person (other than (i) a natural person, (ii) a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or (iii) the Borrower or any of the Borrower's Subsidiaries or other Affiliates) (each, a "<u>Participant</u>") in all or a portion of such Bank's rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); <u>provided</u> that (i) such Bank's obligations under this Agreement shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrower, the Agents and Banks shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement. For the avoidance of doubt, each Bank shall be responsible for the indemnity under <u>Section 9.03(c)</u> with respect to any payments made by such Bank to its Participant(s).

Any agreement or instrument pursuant to which a Bank sells such a participation shall provide that such Bank shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; <u>provided</u> that such agreement or instrument may provide that such Bank will not, without the consent of the Participant, agree to any amendment, modification or waiver with respect to the first proviso to <u>Section 9.05</u> that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of <u>Sections 2.15</u>, <u>8.03</u> and <u>8.04</u> (subject to the requirements and limitations therein, including the requirements under <u>Sections 8.04(c)</u> through <u>(f)</u> (it being understood that the documentation required under <u>Sections 8.04(c)</u> through <u>(f)</u> shall be delivered to the participating Bank)) to the same extent as if it were a Bank and had acquired its interest by assignment pursuant to <u>Section 9.06(b)</u>; <u>provided</u> that such Participant (A) agrees to be subject to the provisions of <u>Sections 8.03</u>, <u>8.04</u> and <u>8.06</u> as if it were an assignee under <u>paragraph (b)</u> of this Section; and (B) shall not be entitled to receive any greater payment under <u>Sections 8.03</u> or <u>8.04</u>, with respect to any participation, than its participating Bank would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a change in law that occurs after the Participant acquired the applicable participation. To the extent permitted by law, each Participant also shall be entitled to the benefits of <u>Section 9.17</u> as though it were a Bank; provided that such Participant agrees to be subject to <u>Section 9.04</u> as though it were a Bank. Each Bank that sells a participation agrees, at the Borrower's request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of <u>Section 8.06</u> with respect to any Participant. Each Bank that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant's interest in the Loans or other obligations under this Agreement (the "<u>Participant Register</u>"); <u>provided</u> that no Bank shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant's interest in any commitments, loans, letters of credit or its other obligations hereunder) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and

such Bank shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Servicing Agent (in its capacity as Servicing Agent) shall have no responsibility for maintaining a Participant Register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Certain Pledges*. Any Bank may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Bank, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank, and this Section shall not apply to any such pledge or assignment of a security interest; <u>provided</u> that no such pledge or assignment shall release such Bank from any of its obligations hereunder or substitute any such pledgee or assignee for such Bank as a party hereto.

Section 9.07 *<u>Confidentiality</u>*. The Agents and each Bank agree to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates' respective managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as those of this <u>Section 9.07</u>, to (i) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective party (or its managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other representatives) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder, (iii) any rating agency, or (iv) the CUSIP Service Bureau or any similar organization, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Agents, any Bank or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. In addition, the Administrative Agent and the Banks may disclose the existence of this Agreement and information about this Agreement to market data collectors and similar service providers to the lending industry in connection with the administration of this Agreement; <u>provided</u> such information is of the type routinely disclosed to such service providers and does not extend beyond the information disclosed in the Borrower's filings with the Securities Exchange Commission. For purposes of this Section, "**Information**" means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or its business, other than any such information that is available to the Agents or any Bank on a nonconfidential basis prior to disclosure by the Borrower, <u>provided</u> that, in the case of information received from the Borrower after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of 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 Information as such Person would accord to its own confidential

information. For the avoidance of doubt, nothing in this <u>Section 9.07</u> shall prohibit any Agent or any Bank from voluntarily disclosing or providing any information within the scope of these confidentiality provisions to any Governmental Authority or self-regulatory organization to the extent that any such prohibition on disclosure set forth in this <u>Section 9.07</u> shall be prohibited by the laws or regulations of, or applicable to, such Governmental Authority or self-regulatory organization.

Section 9.08 *<u>Collateral</u>*. Each of the Banks represents to each Agent and each of the other Banks that it in good faith is not relying upon any "margin stock" (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.

Section 9.09 *<u>Governing Law; Submission to Jurisdiction</u>*. This Agreement and each Note and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement and the transactions contemplated hereby, shall be governed by and construed in accordance with the laws of the State of New York. Each of the parties hereto hereby irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Borrower, any Administrative Agent, the Servicing Agent, any Bank or any Related Party of the foregoing in any way relating to this Agreement or the transactions relating hereto, in any forum other than the courts of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York sitting in New York County, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State or, to the fullest extent permitted by applicable law, in such federal court. Notwithstanding the foregoing sentence, each of the parties hereto agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any action, litigation or proceeding arising out of or relating to this Agreement in any court referred to in this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action, litigation or proceeding in any such court. Each party hereto irrevocably consents to service of process in the manner provided for notices in <u>Section 9.01</u>. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law.

Section 9.10 *<u>Counterparts; Integration; Electronic Execution</u>*. (a) This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Delivery of an executed counterpart of a signature page of this Agreement and/or any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to <u>Section 9.01</u>), certificate, request, statement, disclosure or authorization related to this Agreement and/or the transactions contemplated hereby (each, an

"**Ancillary Document**") that is an Electronic Signature transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement or such Ancillary Document, as applicable. The words "execution", "signed", "signature", "delivery" and words of like import in or relating to this Agreement and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; <u>provided</u> that nothing herein shall require the Servicing Agent or any Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; <u>provided further</u>, that, without limiting the foregoing, (i) to the extent the Servicing Agent or an Administrative Agent has agreed to accept any Electronic Signature, the Servicing Agent, the Administrative Agents and the Banks shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Borrower without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of the Servicing Agent, any Administrative Agent or any Bank, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, the Borrower hereby (1) agrees that, for all purposes, including, without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Servicing Agent, the Administrative Agents, the Banks and the Borrower, Electronic Signatures transmitted by emailed .pdf or any other electronic means that reproduce an image of an actual executed signature page and/or any electronic images of this Agreement and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (2) agrees that each of the Servicing Agent, the Administrative Agents and the Banks may, at its option, create one or more copies of this Agreement and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person's business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (3) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement and/or such Ancillary Document, respectively, including with respect to any signature pages thereto, and (4) waives any claim against any Bank-Related Person for any losses, claims, damages or liabilities arising solely from the Servicing Agent's, the Administrative Agents' or any Bank's reliance on or use of Electronic Signatures and/or transmissions by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page, including any losses, claims, damages or liabilities arising as a result of the failure of the Borrower to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature.

Section 9.11 *<u>Survival</u>*. The provisions of <u>Sections 2.15</u>, <u>8.03</u>, <u>8.04</u> and <u>9.03</u> and <u>Article 8</u> shall survive the resignation or replacement of any Agent or any assignment of rights by, or the replacement of, a Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under this Agreement or any Note.

Section 9.12 *<u>WAIVER OF JURY TRIAL</u>*. EACH OF THE BORROWER, THE AGENTS AND THE BANKS HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

Section 9.13 *<u>Headings</u>*. Article and Section headings and the **Table of Contents** used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

Section 9.14 *<u>Severability</u>*. 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 9.15 *<u>Non-Public Information</u>*. (a) Each Bank acknowledges that all information furnished to it pursuant to this Agreement by the Borrower or on its behalf and relating to the Borrower, the Subsidiaries or their businesses may include Nonpublic Information, and confirms that it has developed compliance procedures regarding the use of Nonpublic Information and that it will handle Nonpublic Information in accordance with the procedures and applicable law, including federal, state and foreign securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All such information, including requests for waivers and amendments, furnished by the Borrower, the Servicing Agent or any of the Administrative Agents pursuant to, or in the course of administering, this Agreement will be syndicate-level information, which may contain Nonpublic Information. Accordingly, each Bank represents to the Borrower, the Servicing Agent and the Administrative Agents that it has identified in its Administrative Questionnaire a credit contact who may receive information that may contain Nonpublic Information in accordance with its compliance procedures and applicable law, including federal, state and foreign securities laws.

Section 9.16 *<u>Interest Rate Limitation</u>*. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any extension of credit hereunder, together with all fees, charges and other amounts which are treated as interest on such extension of credit under applicable law (collectively, the "***Charges***"), shall exceed the maximum lawful rate (the "***Maximum Rate***") which may be contracted for, charged, taken, received or reserved by the Bank that made such extension of credit in accordance with applicable law, the rate of interest payable in respect of such extension of credit hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such extension of credit but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Bank in respect of other extensions of credit or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the NYFRB Rate to the date of repayment, shall have been received by such Bank.

Section 9.17 <u>Right to Setoff</u>. If an Event of Default shall have occurred and be continuing, each Bank and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or

special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Bank or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Bank, irrespective of whether or not such Bank shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Bank under this Section are in addition to other rights and remedies (including other rights of setoff) which such Bank may have.

Section 9.18 *<u>USA PATRIOT Act</u>*. Each Bank hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Bank to identify the Borrower in accordance with the USA PATRIOT Act and the Beneficial Ownership Regulation.

Section 9.19 *<u>No Fiduciary Duty</u>*. Each Agent, each Bank and their Affiliates (collectively, solely for purposes of this paragraph, the "**Banks**") may have economic interests that conflict with those of the Borrower. The Borrower agrees that nothing in this Agreement or the related documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Banks and the Borrower, its stockholders or its Affiliates. The Borrower acknowledges and agrees that (i) the transactions contemplated by this Agreement and the related documents are arm's-length commercial transactions between the Banks, on the one hand, and the Borrower, on the other, (ii) in connection therewith and with the process leading to such transaction each of the Banks is acting solely as a principal and not the agent or fiduciary of the Borrower, its management, stockholders, creditors or any other Person, (iii) no Bank has assumed an advisory or fiduciary responsibility in favor of the Borrower with respect to the transactions contemplated hereby or the process leading thereto (irrespective of whether any Bank or any of its Affiliates has advised or is currently advising the Borrower on other matters) or any other obligation to the Borrower except the obligations expressly set forth in this Agreement and (iv) the Borrower has consulted its own legal and financial advisors to the extent it deemed appropriate. The Borrower further acknowledges and agrees that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. The Borrower agrees that it will not claim that any Bank has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Borrower, in connection with such transaction or the process leading thereto.

Section 9.20 *<u>Acknowledgement and Consent to Bail-In of Affected Financial Institutions</u>*. Notwithstanding anything to the contrary in this Agreement or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under this Agreement, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-in Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

[*Remainder of Page Intentionally Left Blank*]

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

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| | |
|:---|:---|
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| By: | /s/ Luc Bellet |
| Name: | Luc Bellet |
| Title: | Executive Vice President – Chief Financial Officer |
| By: | /s/ Michael Iracondo |
| Name: | Michael Iracondo |
| Title: | Vice President – Treasurer |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMORGAN CHASE BANK, N.A.,<br> as a Bank, as Servicing Agent and as Administrative Agent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMORGAN CHASE BANK, N.A.,<br> as a Bank, as Servicing Agent and as Administrative Agent |
| By: | /s/ Gregory T. Martin |
| Name: | Gregory T. Martin |
| Title: | Executive Director |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITIBANK, N.A.,<br> as a Bank and as Administrative Agent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITIBANK, N.A.,<br> as a Bank and as Administrative Agent |
| By: | /s/ Michael Vondriska |
| Name: | Michael Vondriska |
| Title: | Vice President |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Bank and as Administrative Agent | WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Bank and as Administrative Agent |
| By: | /s/ Michael Day |
| Name: | Michael Day |
| Title: | Vice President |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| GOLDMAN SACHS BANK USA, as a Bank | GOLDMAN SACHS BANK USA, as a Bank |
| By: | /s/ Thomas Manning |
| Name: | Thomas Manning |
| Title: | Authorized Signatory |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| MORGAN STANLEY BANK, N.A., as a Bank | MORGAN STANLEY BANK, N.A., as a Bank |
| By: | /s/ Michael King |
| Name: | Michael King |
| Title: | Authorized Signatory |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| Royal Bank of Canada, as a Bank | Royal Bank of Canada, as a Bank |
| By: | /s/ John Flores |
| Name: | John Flores |
| Title: | Authorized Signatory |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| THE BANK OF NOVA SCOTIA, as a Bank | THE BANK OF NOVA SCOTIA, as a Bank |
| By: | /s/ Todd Kennedy |
| Name: | Todd Kennedy |
| Title: | Managing Director |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| U.S. Bank National Association, as a Bank | U.S. Bank National Association, as a Bank |
| By: | /s/ Jeffrey Lyman |
| Name: | Jeffrey Lyman |
| Title: | Vice President |

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[Signature Page to Clorox 364-Day Clorox Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| Bank of China Limited, Los Angeles Branch, as a Bank | Bank of China Limited, Los Angeles Branch, as a Bank |
| By: | /s/ Liming Xiao |
| Name: | Liming Xiao |
| Title: | SVP & Deputy Branch Manager |

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[Signature Page to Clorox 364-Day Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| BMO Bank N.A., as a Bank | BMO Bank N.A., as a Bank |
| By: | /s/ Lora Nedeva |
| Name: | Lora Nedeva |
| Title: | Director |

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[Signature Page to Clorox 364-Day Revolving Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO | BANK SIGNATURE PAGE TO |
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| 364-DAY REVOLVING CREDIT AGREEMENT | 364-DAY REVOLVING CREDIT AGREEMENT |
| Allied Irish Banks, p.l.c., as a Bank | Allied Irish Banks, p.l.c., as a Bank |
| By: | /s/ Darren Hogan |
| Name: | Darren Hogan |
| Title: | Senior Relationship Manager |

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| | |
|:---|:---|
| For any institution requiring a second signature block: | For any institution requiring a second signature block: |
| By: | /s/ Martin Kelly |
| Name: | Martin Kelly |
| Title: | Senior Relationship Manager |

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[Signature Page to Clorox 364-Day Revolving Credit Agreement (2026)]

PRICING SCHEDULE

The "**Facility Fee Rate**" and the "**Applicable Margin**" for Term Benchmark Loans and Base Rate Loans for any day are the respective percentages set forth below in the applicable row and column based upon the Status that exists on such day.

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Status** | &nbsp;&nbsp;**Level I** | &nbsp;&nbsp;**Level II** | &nbsp;&nbsp;**Level III** | &nbsp;&nbsp;**Level IV** |
| &nbsp;&nbsp;Applicable Margin for Term Benchmark Loans: | &nbsp;&nbsp;0.930% | &nbsp;&nbsp;1.035% | &nbsp;&nbsp;1.125% | &nbsp;&nbsp;1.325% |
| &nbsp;&nbsp;Applicable Margin for Base Rate Loans: | &nbsp;&nbsp;0.000% | &nbsp;&nbsp;0.035% | &nbsp;&nbsp;0.125% | &nbsp;&nbsp;0.325% |
| &nbsp;&nbsp;Facility Fee Rate: | &nbsp;&nbsp;0.070% | &nbsp;&nbsp;0.090% | &nbsp;&nbsp;0.125% | &nbsp;&nbsp;0.175% |

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For purposes of this Schedule, the following terms have the following meanings, subject to the concluding paragraphs of this Schedule:

"**Level I Status**" exists at any date if, at such date, the rating of the Index Debt is at least BBB+ by S&P <u>or</u> Baa1 by Moody's.

"**Level II Status**" exists at any date if, at such date, (i) the rating of the Index Debt is at least BBB by S&P <u>or</u> Baa2 by Moody's and (ii) Level I Status does not exist.

"**Level III Status**" exists at any date if, at such date, (i) the rating of the Index Debt is at least BBB- by S&P <u>or</u> Baa3 by Moody's and (ii) neither Level I Status nor Level II Status exists.

"**Level IV Status**" exists at any date if, at such date, no other Status exists.

"**Status**" refers to the determination of which of Level I Status, Level II Status, Level III Status or Level IV Status exists at any date.

For purposes of the foregoing, (i) if either Moody's or S&P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this paragraph), then the applicable Status shall be determined by reference to the remaining effective rating; (ii) if neither Moody's nor S&P shall have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this paragraph), then Level IV Status shall apply; (iii) if the ratings established by Moody's and S&P for the Index Debt shall fall within different Levels, the Applicable Margin and the Facility Fee Rate shall be based on the higher of the two ratings unless one of the two ratings is two or more Levels lower than the other (with Level IV being lower than Level I), in which case the Applicable Margin and the Facility Fee Rate shall be determined by reference to the Level next below that of the higher of the two ratings; and (iv) if the ratings established by Moody's and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Moody's or S&P), such change shall be effective as of the third Business Day following the date on which it is first announced by the applicable rating agency. Each change in the Applicable Margin and the Facility Fee Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody's

or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Banks shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Margin and the Facility Fee Rate shall be determined by reference to the rating from such rating agency most recently in effect prior to such change or cessation.

**EXHIBIT A - Note**

NOTE

New York, New York

[Date]

For value received, THE CLOROX COMPANY, a Delaware corporation (the "**Borrower**"), promises to pay to __________________________ (the "**Bank**"), for the account of its Applicable Lending Office, the unpaid principal amount of each Loan made by the Bank to the Borrower pursuant to the Credit Agreement referred to below on the maturity date provided for in the Credit Agreement. The Borrower promises to pay interest on the unpaid principal amount of each such Loan on the dates and at the rate or rates provided for in the Credit Agreement. All such payments of principal and interest shall be made in lawful money of the United States in Federal or other immediately available funds to the account of the Servicing Agent as specified in the Credit Agreement.

All Loans made by the Bank, the Types thereof, the maturity thereof and all repayments of the principal thereof shall be recorded by the Bank and, if the Bank so elects in connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding may be endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; <u>provided</u> that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Credit Agreement.

This note is one of the Notes referred to in the 364-Day Revolving Credit Agreement dated as of March 6, 2026 (as the same may be amended from time to time, the "**Credit Agreement**"), among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as Administrative Agents, and JPMorgan Chase Bank, N.A., as Servicing Agent. Terms defined in the Credit Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the prepayment hereof and the acceleration of the maturity hereof.

[SIGNATURE PAGES TO FOLLOW]

A – 1

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| | |
|:---|:---|
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| By: |  |
|  | Name:<br> Title: |

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By: <br> Name:<br> Title:

A – 2

LOANS AND PAYMENTS OF PRINCIPAL

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Date | &nbsp;&nbsp;Amount of <br> Loan | &nbsp;&nbsp;Type of <br> Loan | &nbsp;&nbsp; Amount of<br> Principal<br> Repaid | &nbsp;&nbsp; Maturity<br> Date | &nbsp;&nbsp; Notation<br> Made By |

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B – 1

**EXHIBIT B - Assignment and Assumption Agreement**

ASSIGNMENT AND ASSUMPTION AGREEMENT

This Assignment and Assumption (this "<u>Assignment and Assumption</u>") is dated as of the Effective Date set forth below and is entered into by and between [the][each]<sup>1</sup> Assignor identified in item 1 below ([the][each, an] "<u>Assignor</u>") and [the][each]<sup>2</sup> Assignee identified in item 2 below ([the][each, an] "<u>Assignee</u>"). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]<sup>3</sup> hereunder are several and not joint.]<sup>4</sup> Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as the same may be amended, the "<u>Credit Agreement</u>"), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Servicing Agent as contemplated below (i) all of [the Assignor's][the respective Assignors'] rights and obligations in [its capacity as a Bank][their respective capacities as Banks] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the revolving credit facility identified below, and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Bank)][the respective Assignors (in their respective capacities as Banks)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] "<u>Assigned Loan Interest</u>"). Each such sale

<sup>1</sup> For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.

<sup>2</sup> For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.

<sup>3</sup> Select as appropriate.

<sup>4</sup> Include bracketed language if there are either multiple Assignors or multiple Assignees.

B – 2

and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

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| | | |
|:---|:---|:---|
| 1. | Assignor[s]: | ________________________________ |
|  |  | ______________________________ |
|  | [Assignor [is] [is not] a Defaulting Bank] | [Assignor [is] [is not] a Defaulting Bank] |
| 2. | Assignee[s]: | ______________________________ |
|  |  | ______________________________ |
|  | [for each Assignee, indicate [Affiliate] of [*identify Bank*]] | [for each Assignee, indicate [Affiliate] of [*identify Bank*]] |
| 3. | Borrower: | The Clorox Company |
| 4. | Administrative Agents: | JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as the Administrative Agents under the Credit Agreement |
| 5. | Servicing Agent: | JPMorgan Chase Bank, N.A., as the Servicing Agent under the Credit Agreement |
| 6. | Credit Agreement: | The 364-Day Revolving Credit Agreement dated as of March 6, 2026, among The Clorox Company, the Banks parties thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as Administrative Agents, and JPMorgan Chase Bank, N.A., as Servicing Agent |
| 7. | Assigned Loan Interest[s]: |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Assignor[s]<sup>5</sup> | Assignee[s]<sup>6</sup> | Commitment<br> Assigned | Aggregate Amount of<br> Commitment/Loans for<br> all Banks<sup>7</sup> | Percentage Assigned<br> of Commitment/<br> Loans<sup>8</sup> | CUSIP <br> Number |
|  |  |  | &nbsp;&nbsp;$| $% |  |
|  |  |  | &nbsp;&nbsp;$| $% |  |
|  |  |  | &nbsp;&nbsp;$| $% |  |

---

<sup>5</sup> List each Assignor, as appropriate.

<sup>6</sup> List each Assignee, as appropriate.

<sup>7</sup> Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

<sup>8</sup> Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Banks thereunder.

B – 3

[8. Trade Date: ______________]<sup>9</sup>

Effective Date: _____________ ___, 20___ [TO BE INSERTED BY SERVICING AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

<sup>9</sup> To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

B – 4

The terms set forth in this Assignment and Assumption are hereby agreed to:

---

| | | |
|:---|:---|:---|
|  | <u>ASSIGNOR[S]</u> | <u>ASSIGNOR[S]</u> |
|  | [NAME OF ASSIGNOR] | [NAME OF ASSIGNOR] |
|  | By: | |
|  |  | Title: |
|  | [NAME OF ASSIGNOR] | [NAME OF ASSIGNOR] |
|  | By: | |
|  |  | Title: |
|  | <u>ASSIGNEE[S]</u> | <u>ASSIGNEE[S]</u> |
|  | [NAME OF ASSIGNEE] | [NAME OF ASSIGNEE] |
|  | By: | |
|  |  | Title: |
|  | [NAME OF ASSIGNEE] | [NAME OF ASSIGNEE] |
|  | By: | |
|  |  | Title: |
| [Consented to and]<sup>10</sup> Accepted: |  |  |
| [NAME OF ADMINISTRATIVE AGENT], as |  |  |
| &nbsp;&nbsp;&nbsp;Administrative Agent |  |  |

---

---

| | |
|:---|:---|
| By: |  |
|  | Title: |

---

[Consented to and]<sup>11</sup> Accepted:

JPMORGAN CHASE BANK, N.A., as

Administrative Agent

<sup>10</sup> To be added only if the consent of each Administrative Agent is required by the terms of the Credit Agreement.

<sup>11</sup> To be added only if the consent of the Servicing Agent is required by the terms of the Credit Agreement.

B – 5

---

| | |
|:---|:---|
| By: |  |
|  | Title: |

---

[Consented to:]<sup>12</sup> <br> <br> THE CLOROX COMPANY

---

| | |
|:---|:---|
| By: |  |
|  | Title: |

---

<sup>12</sup> To be added only if the consent of the Borrower is required by the terms of the Credit Agreement.

B – 6

ANNEX 1

STANDARD TERMS AND CONDITIONS FOR<br> ASSIGNMENT AND ASSUMPTION

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Representations and Warranties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Assignor[s]</u>. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Loan Interest, (ii) [the][such] Assigned Loan Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Bank; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, except its representations and warranties set forth herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of the Credit Agreement, or (iv) any requirements under applicable law for [the][such] Assignee to become a Bank under the Credit Agreement or to charge interest at the rate set forth therein from time to time or (v) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Assignee[s]</u>. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Bank under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Sections 9.06(b)(v) and 9.06(b)(vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 9.06(b)(iii) of the Credit Agreement) and otherwise satisfies the requirements, if any, specified in the Credit Agreement and under applicable law that are required to be satisfied by it in order to acquire the Assigned Loan Interest and become a Bank, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Bank thereunder and, to the extent of [the][the relevant] Assigned Loan Interest, shall have the obligations of a Bank thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Loan Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Loan Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01 thereof and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Loan Interest, (vi) it has, independently and without reliance upon any Administrative Agent, the Servicing Agent, any other Bank or any of their respective Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Loan Interest, and (vii) if it is organized under the laws of a jurisdiction outside of the United States, attached to this Assignment and Assumption is any documentation

B – 7

required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance on any Administrative Agent, the Servicing Agent, [the][any] Assignor, any other Bank or any of their respective Related Parties, 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, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Bank. Without limiting the foregoing, [the][each] Assignee represents and warrants, and agrees to, each of the matters set forth in Section 7.07 of the Credit Agreement, including that the Credit Agreement sets out the terms of a commercial lending facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Payments</u>. From and after the Effective Date, the Servicing Agent shall make all payments in respect of [the][each] Assigned Loan Interest (including payments of principal, interest, fees and other amounts) to the Assignor[s] for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>General Provisions</u>. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Subject to Section 9.10(b) of the Credit Agreement, acceptance and adoption of the terms of this Assignment and Assumption by [the][the relevant] Assignee and the Assignor[s] by an Electronic Signature or delivery of an executed counterpart of a signature page of this Assignment and Assumption by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page shall be as effective as delivery of a manually executed counterpart of this Assignment and Assumption and the provisions of Section 9.10 of the Credit Agreement are herein incorporated by reference *mutatis mutandis*. This Assignment and Assumption, and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Assignment and Assumptions and the transactions contemplated hereby, shall be covered by, and construed in accordance with the laws of the State of New York.

B – 8

## Exhibit 10.2

**Exhibit 10.2**

EXECUTION VERSION

TERM CREDIT AGREEMENT

dated as of

March 6, 2026,

among

The Clorox Company,

The BANKS party hereto,

JPMorgan Chase Bank, N.A.,<br> Citibank, N.A.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,<br> as Administrative Agents,

and<br> JPMorgan Chase Bank, N.A.,<br> as Servicing Agent

JPMorgan Chase Bank, N.A.,<br> Citibank, N.A.

and<br> WELLS FARGO SECURITIES, LLC,<br> Joint Lead Arrangers and Joint Bookrunners

<u>**TABLE OF CONTENTS**</u>

<u>Page</u>

ARTICLE 1<br> Definitions

---

| | | |
|:---|:---|:---|
| Section 1.01 | Definitions | 1 |
| Section 1.02 | Accounting Terms and Determinations | 20 |
| Section 1.03 | Terms Generally | 20 |
| Section 1.04 | Interest Rates; Benchmark Notification | 21 |
| Section 1.05 | Divisions | 21 |
| Section 1.06 | Effectuation of Transactions | 21 |

---

ARTICLE 2<br> The Credits

---

| | | |
|:---|:---|:---|
| Section 2.01 | Commitments to Lend | 21 |
| Section 2.02 | Loans and Borrowings | 21 |
| Section 2.03 | Notice of Borrowing | 22 |
| Section 2.04 | Notice to Banks; Funding of Loans | 22 |
| Section 2.05 | Notes | 23 |
| Section 2.06 | Maturity of Loans | 23 |
| Section 2.07 | Interest Rates | 23 |
| Section 2.08 | Method of Electing Interest Rates | 24 |
| Section 2.09 | Fees | 25 |
| Section 2.10 | Optional Termination or Reduction of Commitments | 26 |
| Section 2.11 | Mandatory Termination or Reduction of Commitments | 26 |
| Section 2.12 | Optional Prepayments | 27 |
| Section 2.13 | Mandatory Prepayments | 27 |
| Section 2.14 | General Provisions as to Payments | 28 |
| Section 2.15 | Funding Losses | 28 |
| Section 2.16 | Computation of Interest and Fees | 28 |
| Section 2.17 | Defaulting Banks | 29 |

---

ARTICLE 3<br> Conditions

Section 3.01 Conditions to Effectiveness 30 <br> Section 3.02 Conditions to Borrowing 31

ARTICLE 4<br> Representations And Warranties

---

| | | |
|:---|:---|:---|
| Section 4.01 | Corporate Existence and Power | 32 |
| Section 4.02 | Corporate and Governmental Authorization; No Contravention | 32 |
| Section 4.03 | Binding Effect | 32 |
| Section 4.04 | Financial Information | 32 |

---

---

| | | |
|:---|:---|:---|
| Section 4.05 | Litigation | 33 |
| Section 4.06 | Compliance with ERISA | 33 |
| Section 4.07 | Environmental Matters | 33 |
| Section 4.08 | Taxes | 34 |
| Section 4.09 | Subsidiaries | 34 |
| Section 4.10 | Full Disclosure | 34 |
| Section 4.11 | Margin Regulations | 34 |
| Section 4.12 | Investment Company Act | 34 |
| Section 4.13 | Anti-Corruption Laws and Sanctions | 34 |

---

ARTICLE 5<br> Covenants

---

| | | |
|:---|:---|:---|
| Section 5.01 | Information | 35 |
| Section 5.02 | Maintenance of Property; Insurance | 37 |
| Section 5.03 | Conduct of Business and Maintenance of Existence | 37 |
| Section 5.04 | Compliance with Laws | 37 |
| Section 5.05 | Consolidated Interest Coverage Ratio | 38 |
| Section 5.06 | Negative Pledge | 38 |
| Section 5.07 | Consolidations, Mergers and Sales of Assets | 39 |
| Section 5.08 | Use of Proceeds | 39 |

---

ARTICLE 6<br> Defaults

Section 6.01 Events of Default 39 <br> Section 6.02 Notice of Default 41

ARTICLE 7<br> The Agents

---

| | | |
|:---|:---|:---|
| Section 7.01 | Appointment and Authorization | 42 |
| Section 7.02 | Rights as a Bank | 42 |
| Section 7.03 | Duties of Agent; Exculpatory Provisions | 42 |
| Section 7.04 | Reliance by Agent | 43 |
| Section 7.05 | Delegation of Duties | 44 |
| Section 7.06 | Resignation of Agent | 44 |
| Section 7.07 | Non-Reliance on Agent and Other Banks | 45 |
| Section 7.08 | No Other Duties, etc | 47 |
| Section 7.09 | Fees | 48 |
| Section 7.10 | Bank ERISA Representation | 48 |
| Section 7.11 | Posting of Communications | 49 |

---

ARTICLE 8<br> Change in Circumstances

Section 8.01 Alternate Rate of Interest 50 <br> Section 8.02 Reserved 52

---

| | | |
|:---|:---|:---|
| Section 8.03 | Increased Cost and Reduced Return | 52 |
| Section 8.04 | Taxes | 54 |
| Section 8.05 | Base Rate Loans Substituted for Affected Term Benchmark Loans | 56 |
| Section 8.06 | Mitigation Obligations; Replacement of Banks | 57 |

---

ARTICLE 9<br> Miscellaneous

---

| | | |
|:---|:---|:---|
| Section 9.01 | Notices | 58 |
| Section 9.02 | No Waivers | 59 |
| Section 9.03 | Expenses, Indemnification; Limitation of Liability | 59 |
| Section 9.04 | Sharing of Set-Offs | 60 |
| Section 9.05 | Amendments and Waivers | 61 |
| Section 9.06 | Successors and Assigns | 61 |
| Section 9.07 | Confidentiality | 65 |
| Section 9.08 | Collateral | 66 |
| Section 9.09 | Governing Law; Submission to Jurisdiction | 66 |
| Section 9.10 | Counterparts; Integration; Electronic Execution | 67 |
| Section 9.11 | Survival | 68 |
| Section 9.12 | WAIVER OF JURY TRIAL | 68 |
| Section 9.13 | Headings | 68 |
| Section 9.14 | Severability | 68 |
| Section 9.15 | Non-Public Information | 68 |
| Section 9.16 | Interest Rate Limitation | 68 |
| Section 9.17 | Right to Setoff | 69 |
| Section 9.18 | USA PATRIOT Act | 69 |
| Section 9.19 | No Fiduciary Duty | 69 |
| Section 9.20 | Acknowledgement and Consent to Bail-In of Affected Financial Institutions | 70 |

---

Commitment Schedule

Pricing Schedule

Exhibit A – Note

Exhibit B – Assignment and Assumption Agreement

Exhibit C – Solvency Certificate

TERM CREDIT AGREEMENT dated as of March 6, 2026 (this "**Agreement**"), among THE CLOROX COMPANY, the BANKS party hereto, JPMORGAN CHASE BANK, N.A., CITIBANK, N.A. and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agents, and JPMORGAN CHASE BANK, N.A., as Servicing Agent.

The parties hereto agree as follows:

**Article 1**<br> Definitions

Section 1.01 *<u>Definitions</u>*. The following terms, as used herein, have the following meanings:

"**364-Day Revolving Facility**" means the revolving credit facility, in an aggregate committed amount not to exceed $1,000,000,000, established under the 364-Day Revolving Credit Agreement dated as of the date hereof, among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as the administrative agents thereunder, and JPMorgan Chase Bank, N.A., as the servicing agent thereunder.

"**Acquired Company**" means GOJO Industries, Inc., an Ohio corporation.

"**Acquired Company Debt Repayment**" means, collectively, the repayment of all principal, interest, fees and other amounts outstanding or accrued under those certain instruments specified in Section 6.12 of the Disclosure Schedules to the Acquisition Agreement, the termination of all commitments thereunder, the cancellation (or cash collateralization or otherwise backstopping in a manner reasonably satisfactory to the issuer thereof) of all letters of credit issued thereunder and the release and termination of all Guarantees and Liens created in connection therewith.

"**Acquisition Agreement**" means that certain Membership Interest Purchase Agreement, dated as of January 17, 2026, by and among the Borrower, the Acquired Company and certain shareholders party thereto, together with the schedules, exhibits and annexes thereto.

"**Administrative Agent**" means each of JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, in its capacity as an administrative agent for the Banks hereunder, and its successors in such capacity.

"**Administrative Questionnaire**" means, with respect to each Bank, an administrative questionnaire in the form provided by the Servicing Agent, completed by such Bank and submitted to the Servicing Agent (with a copy to the Borrower).

"**Affiliate**" means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. For purposes of the foregoing, "**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.

"**Affected Financial Institution**" means (a) any EEA Financial Institution or (b) any UK Financial Institution.

"**Agent**" means any of the Administrative Agents and the Servicing Agent.

"**Agreement**" has the meaning set forth in the preamble.

"**Ancillary Document**" has the meaning set forth in <u>Section 9.10(b)</u>.

"**Anti-Corruption Laws**" means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or corruption.

"**Applicable Lending Office**" means, as to each Bank, its office located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Applicable Lending Office) or such other office as such Bank may hereafter designate as its Applicable Lending Office by notice to the Borrower and the Servicing Agent.

"**Applicable Margin**" means, for any day, (i) with respect to any Base Rate Loan, the applicable rate per annum determined in accordance with the Pricing Schedule and (ii) with respect to any Term Benchmark Loan, the applicable rate per annum determined in accordance with the Pricing Schedule.

"**Approved Electronic Platform**" means IntraLinks™, DebtDomain, SyndTrak, ClearPar or any other electronic platform chosen by the Servicing Agent to be its electronic transmission system.

"**Arrangers**" means JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Securities, LLC, in their capacities as joint lead arrangers and joint bookrunners for the credit facility established hereunder.

"**Assignment and Assumption**" means an assignment and assumption entered into by a Bank and an Eligible Assignee (with the consent of any party whose consent is required by <u>Section 9.06</u>), and accepted by the Servicing Agent, in substantially the form of <u>Exhibit B</u> or any other form approved by the Servicing Agent.

"**Available Tenor**" means, as of any date of determination and with respect to the then-current Benchmark, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of "Interest Period" pursuant to <u>paragraph (b)(v)</u> of ‎<u>Section 8.01</u>.

"**Bail-In Action**" means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

"**Bail-In Legislation**" means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their Affiliates (other than through liquidation, administration or other insolvency proceedings).

"**Bank**" means each Person listed on the Commitment Schedule and any other Person that shall have become a Bank pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

"**Bank Insolvency Event**" means, with respect to any Bank, that (a) such Bank or its Parent is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (b) such Bank or its Parent has become the subject of a Bail-In Action or a proceeding under any debtor relief law, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Bank or its Parent, or such Bank or its Parent has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment.

"**Base Rate**" means, for any day, a rate per annum equal to the highest of (i) the Prime Rate for such day, (ii) the sum of 1/2 of 1% plus the NYFRB Rate for such day and (iii) the Term SOFR Rate for a one month Interest Period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day) plus 1.00%. For the purpose of clause (iii) of this definition, the Term SOFR Rate for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m. (Chicago time) on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology); <u>provided</u> that if such rate as so determined shall be less than zero, such rate shall be deemed to be zero. Any change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Term SOFR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Term SOFR Rate, respectively. If the Base Rate is being used as an alternate rate of interest pursuant to <u>‎Section 8.01</u> (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to <u>‎Section 8.01(b)</u>), then the Base Rate shall be the greater of <u>clauses (i)</u> and <u>(ii)</u> above and shall be determined without reference to <u>clause (iii)</u> above. Notwithstanding the foregoing, if the Base Rate as determined pursuant to the foregoing would be less than 1.00%, such rate shall be deemed to be 1.00% for purposes of this Agreement.

"**Base Rate Borrowing**" mans a Borrowing comprised of Base Rate Loans.

"**Base Rate Loan**" means a Loan which bears interest at a rate determined by reference to the Base Rate.

"**Benchmark**" means, initially, with respect to any Term Benchmark Loan, the Term SOFR Rate; <u>provided</u> that if a Benchmark Transition Event and the related Benchmark

Replacement Date have occurred with respect to the Term SOFR Rate or the then-current Benchmark, then "Benchmark" means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to <u>paragraph (b)</u> of <u>Section 8.01</u>.

"**Benchmark Replacement**" means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Servicing Agent for the applicable Benchmark Replacement Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Daily Simple SOFR; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the sum of: (a) the alternate benchmark rate that has been selected by the Servicing Agent and the Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities at such time in the United States and (b) the related Benchmark Replacement Adjustment.

If the Benchmark Replacement as determined pursuant to <u>clause (1)</u> or <u>(2)</u> above would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement.

"**Benchmark Replacement Adjustment**" means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Servicing Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time in the United States.

"**Benchmark Replacement Conforming Changes**" means, with respect to any Benchmark Replacement and/or any Term Benchmark Loan, any technical, administrative or operational changes (including changes to the definition of "Base Rate," the definition of "Business Day," the definition of "U.S. Government Securities Business Day," the definition of "Interest Period," timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Servicing Agent, in consultation with the Borrower, decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of such

Benchmark and to permit the administration thereof by the Servicing Agent in a manner substantially consistent with market practice (or, if the Servicing Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Servicing Agent determines that no market practice for the administration of such Benchmark exists, in such other manner of administration as the Servicing Agent decides is reasonably necessary in connection with the administration of this Agreement).

"**Benchmark Replacement Date**" means, with respect to any Benchmark, the earlier to occur of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the case of <u>clause (1)</u> or <u>(2)</u> of the definition of "Benchmark Transition Event," the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of <u>clause (3)</u> of the definition of "Benchmark Transition Event," the first date on which such Benchmark (or the published component used in the calculation thereof) has been or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) have been, determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative; <u>provided</u>, that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and even if such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof), continues to be provided on such date.

For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the "Benchmark Replacement Date" will be deemed to have occurred in the case of <u>clause (1)</u> or <u>(2)</u> with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).

"**Benchmark Transition Event**" means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely, <u>provided</u> that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Board, the NYFRB, the CME Term SOFR Administrator, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component thereof), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component thereof) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component thereof), in each case, which states that the administrator of such Benchmark (or such component thereof) has ceased or will cease to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; <u>provided</u> that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative.

For the avoidance of doubt, a "Benchmark Transition Event" will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).

"**Benchmark Unavailability Period**" means, with respect to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to <u>clause (1)</u> or <u>(2)</u> of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder in accordance with <u>Section 8.01</u> and (y) ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder in accordance with <u>Section 8.01</u>.

"**Beneficial Ownership Regulation**" means 31 C.F.R. § 1010.230.

"**Benefit Arrangement**" means, at any time, an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by the Borrower or any of its Subsidiaries.

"**Board**" means the Board of Governors of the Federal Reserve System of the United States.

"**Borrower**" means The Clorox Company, a Delaware corporation, and its successors.

"**Borrowing**" means Loans of the same Type made, converted or continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect.

"**Business Day**" means any day other than a Saturday, Sunday or other day on which banks in the State of New York are required or permitted to remain closed; <u>provided</u> that, in relation to any interest rate settings, fundings, disbursements, settlements or payments of any Term Benchmark Loan, or any other dealings of such Term Benchmark Loan, the term "Business Day" shall also exclude any day that is not a U.S. Government Securities Business Day.

"**CME Term SOFR Administrator**" means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator).

"**Commitment**" means (i) with respect to each Bank listed on the Commitment Schedule, the amount set forth opposite such Bank's name on the Commitment Schedule under the heading "Commitment" and (ii) with respect to any Bank that becomes a Bank pursuant to <u>Section 9.06(b)</u>, the amount of the transferor Bank's Commitment assigned to it pursuant to <u>Section 9.06(b)</u>, in each case as such amount may be changed from time to time pursuant to <u>Section 2.10</u>, <u>2.11</u> or <u>9.06(b)</u>; <u>provided</u> that, if the context so requires, the term "**Commitment**" means the obligation of a Bank to make a Loan up to such amount to the Borrower hereunder.

"**Commitment Schedule**" means the Commitment Schedule attached hereto.

"**Communications**" means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of the Borrower pursuant to this Agreement or the transactions contemplated herein that is distributed to the Servicing Agent, any Administrative Agent or any Bank through an Approved Electronic Platform.

"**Consolidated EBITDA**" means, for any period, Consolidated Net Income for such period <u>plus</u>, to the extent deducted in determining Consolidated Net Income for such period and without duplication, the aggregate amount of (i) Consolidated Interest Expense, (ii) income tax expense, (iii) depreciation, amortization and other similar non-cash charges, (iv) fees and expenses incurred in connection with the issuance of any Debt or equity, acquisitions, investments or asset sales or divestitures permitted hereunder and (v) any extraordinary, non-recurring or unusual cash charges or losses for such period arising out of the restructuring, consolidation, severance or discontinuance of any portion of the operations, employees and/or management of any entities or businesses of the Borrower or any of the Subsidiaries and <u>minus</u>, to the extent included in determining Consolidated Net Income for such period and without duplication, the aggregate amount or any extraordinary, non-recurring or unusual gains; all determined on a consolidated basis in accordance with GAAP. In determining Consolidated EBITDA for any period, (a) any Consolidated Subsidiary acquired during such period by the Borrower or any other Consolidated Subsidiary shall be included on a pro forma, historical basis as if it had been a Consolidated Subsidiary during such entire period, (b) any amounts that would be included in a determination of Consolidated EBITDA for such period with respect to assets acquired during such period by the Borrower or any Consolidated Subsidiary shall be included in the determination of Consolidated EBITDA for such period and the amount thereof shall be calculated on a pro forma, historical basis as if such assets had been acquired by the Borrower or such Consolidated Subsidiary prior to the first day of such period, (c) any Consolidated Subsidiary sold or otherwise transferred during such period by the Borrower or any other Consolidated Subsidiary shall be excluded on a pro forma, historical basis as if it had not been a Consolidated Subsidiary during such entire period and (d) any

amounts that would be included in a determination of Consolidated EBITDA for such period with respect to assets sold or otherwise transferred during such period by the Borrower or any Consolidated Subsidiary shall not be included in the determination of Consolidated EBITDA for such period and the amount thereof shall be calculated on a pro forma, historical basis as if such assets had been sold or otherwise transferred by the Borrower or such Consolidated Subsidiary prior to the first day of such period.

"**Consolidated Interest Expense**" means, for any period, the net interest expense of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period.

"**Consolidated Net Income**" means, for any period, the net income of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period.

"**Consolidated Subsidiary**" means, at any date, any Subsidiary or other entity the accounts of which would be consolidated with those of the Borrower in its consolidated financial statements if such statements were prepared as of such date in accordance with GAAP.

"**Corresponding Tenor**" with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

"**Daily Simple SOFR**" means, for any day (a "**SOFR Rate Day**"), a rate per annum equal SOFR for the day (such day, "**SOFR Determination Date**") that is five U.S. Government Securities Business Day prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator's Website; <u>provided</u> that if the Daily Simple SOFR as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower. If by 5:00 p.m. (New York City time) on the second U.S. Government Securities Business Day immediately following any SOFR Determination Date, SOFR in respect of such SOFR Determination Date has not been published on the SOFR Administrator's Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then SOFR for such SOFR Determination Date will be SOFR as published in respect of the first preceding U.S. Government Securities Business Day for which such SOFR was published on the SOFR Administrator's Website.

"**Debt**" of any Person means, at any date, without duplication, (i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person to pay the deferred purchase price of property or services, except trade accounts payable arising in the ordinary course of business, (iv) all obligations of such Person as lessee which are capitalized in accordance with GAAP, (v) all non-contingent obligations (and, for purposes of <u>Sections 5.06</u> and <u>6.01(f)</u>, all contingent obligations) of such Person to reimburse any bank or other Person in respect of amounts

paid under a letter of credit or similar instrument, (vi) all Debt secured by a Lien on any asset of such Person, whether or not such Debt is otherwise an obligation of such Person (calculated at the lesser of the Debt amount and the fair market value of such asset in the case of any such Debt that is non-recourse to such Person) and (vii) all Debt of others Guaranteed by such Person; <u>provided</u> that Debt of the Borrower shall not include the Borrower's obligations to make payments of principal and interest to the lessee under a "safe harbor lease" (as defined in Section 168(f)(8) of the Internal Revenue Code) to the extent that such obligations (x) are offset by the lessee's obligations to make rental payments to the Borrower in the same amounts and on the same dates and (y) are not payable if the lessee fails to make such offsetting payments.

"**Default**" means any condition or event which constitutes an Event of Default or which with the giving of notice or lapse of time or both would, unless cured or waived, become an Event of Default.

"**Defaulting Bank**" means at any time, subject to <u>Section 2.17(c)</u>, (i) any Bank that has failed for two or more Business Days to comply with its obligations under this Agreement to make a Loan or make any other payment due hereunder, solely in the case of failure to make a Loan, unless such Bank has notified the Servicing Agent and the Borrower in writing that such failure is the result of such Bank's determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing), (ii) any Bank that has notified the Servicing Agent or the Borrower in writing, or has stated publicly, that it does not intend to comply with its funding obligations hereunder, unless such writing or statement states that such position is based on such Bank's determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement), (iii) any Bank that has defaulted on its funding obligations under other loan agreements or credit agreements generally under which it has commitments to extend credit (unless, and only during the time period when, such Bank is contesting such default in good faith) or that has notified, or whose Parent has notified, the Servicing Agent or the Borrower in writing, or has stated publicly, that it does not intend to comply with its funding obligations under loan agreements or credit agreements generally, (iv) any Bank that has, for three or more Business Days after written request of the Servicing Agent or the Borrower, failed to confirm in writing to the Servicing Agent and the Borrower that it will comply with its prospective funding obligations hereunder (<u>provided</u> that such Bank will cease to be a Defaulting Bank pursuant to this <u>clause (iv)</u> upon the Servicing Agent's and the Borrower's receipt of such written confirmation), or (v) any Bank with respect to which a Bank Insolvency Event has occurred and is continuing with respect to such Bank or its Parent; <u>provided</u> that a Bank Insolvency Event shall not be deemed to occur with respect to a Bank or its Parent solely as a result of the acquisition or maintenance of an ownership interest in such Bank or Parent by a Governmental Authority where such action does not result in or provide such Bank with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Bank (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Bank. Any determination by the Servicing Agent that a Bank is a Defaulting Bank under any of <u>clauses (i)</u> through <u>(v)</u> above will be conclusive and binding absent manifest error, and such Bank will be deemed to be a Defaulting Bank (subject to <u>Section 2.17(c)</u>) upon notification of such determination by the Servicing Agent to the Borrower and the Banks.

"**Derivatives Obligations**" of any Person means all obligations of such Person in respect of any rate swap transaction, basis swap, forward rate transaction, forward purchase, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of the foregoing transactions) or any combination of the foregoing transactions.

"**Duration Fee**" has the meaning set forth in <u>Section 2.09(b)</u>.

"**EEA Financial Institution**" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in <u>clause (a)</u> of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in <u>clause (a)</u> or <u>(b)</u> of this definition and is subject to consolidated supervision with its parent.

"**EEA Member Country**" means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

"**EEA Resolution Authority**" means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

"**Effective Date**" means the date this Agreement becomes effective in accordance with <u>Section 3.01</u>, which is acknowledged to be March 6, 2026.

"**Electronic Signature**" means an electronic signature, sound, symbol or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record.

"**Eligible Assignee**" means any Person that meets the requirements to be an assignee under <u>Sections 9.06(b)(iii)</u>, <u>9.06(b)(v)</u> and <u>9.06(b)(vi)</u> (subject to such consents, if any, as may be required under <u>Section 9.06(b)(iii)</u>).

"**Environmental Laws**" means any and all federal, state, local and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or other restrictions of any Governmental Authority relating to the environment, or to emissions, discharges or releases of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes into the environment including, without limitation, ambient air, surface water, ground water, or land, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes or the clean-up or other remediation thereof.

"**ERISA**" means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute thereto, as interpreted by the rules and regulations thereunder, all as the same

may be in effect from time to time. Reference to any sections of ERISA shall also be construed to refer to any successor sections.

"**ERISA Group**" means the Borrower and all members of a controlled group of United States corporations and all United States trades or United States businesses (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414 of the Internal Revenue Code.

"**EU Bail-In Legislation Schedule**" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.

"**Event of Default**" has the meaning set forth in <u>Section 6.01</u>.

"**Existing Credit Agreement**" means the Credit Agreement, dated as of March 25, 2025, among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as administrative agents, and JPMorgan Chase Bank, N.A., as servicing agent.

"**FATCA**" means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code.

"**Federal Funds Effective Rate**" means, for any day, the rate calculated by the NYFRB based on such day's federal funds transactions by depositary institutions, as determined in such manner as shall be set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; <u>provided</u> that if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

"**Fee Letters**" means, collectively, (i) the administrative agent fee letter dated February 12, 2026, between the Borrower and JPMorgan Chase Bank, N.A., (ii) the arranger fee letter dated February 12, 2026, between the Borrower and Citigroup Global Markets Inc. and (iii) the arranger fee letter dated March 6, 2026, between the Borrower, Wells Fargo Securities, LLC and Wells Fargo Bank, National Association.

"**Funding Date**" means the first date on which the conditions specified in <u>Section 3.02</u> are satisfied (or waived in accordance with <u>Section 9.05</u>).

"**GAAP**" means generally accepted accounting principles in the United States as in effect, subject to <u>Section 1.02</u>, from time to time.

"**Governmental Authority**" means any nation, sovereign or government, any state, province, territory or other political subdivision thereof, and any authority, agency, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government

(including any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank).

"**Guarantee**" by any Person means any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing any Debt of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into for the purpose of assuring in any other manner the obligee of such Debt of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part), <u>provided</u> that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. The term "Guarantee" used as a verb has a corresponding meaning.

"**Indemnitee**" has the meaning set forth in <u>Section 9.03(b)</u>.

"**Index Debt**" means any senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not Guaranteed by any Person or subject to any other credit enhancement.

"**Information**" has the meaning set forth in <u>Section 9.07</u>.

"**Interest Period**" means, with respect to each Term Benchmark Loan, the period commencing on the date of borrowing specified in the applicable Notice of Borrowing or on the date of conversion or continuation specified in the applicable Notice of Interest Rate Election and ending one, three or six calendar months thereafter, as the Borrower may elect in such notice; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no Interest Period may end after the Maturity Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) no tenor that has been removed from this definition pursuant to <u>Section 8.01(b)(iv)</u> shall be available for specification in any Notice of Borrowing or any Notice of Interest Rate Election.

"**Internal Revenue Code**" means the Internal Revenue Code of 1986, as amended, or any successor statute thereto, as interpreted by the rules and regulations thereunder, all as the same may be in effect from time to time. Reference to any sections of the Internal Revenue Code shall also be construed to refer to any successor sections.

"**Lien**" means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset. For the purposes of this Agreement, the Borrower or any Subsidiary shall be deemed to own subject to a Lien any asset which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, finance lease or other title retention agreement relating to such asset.

"**Loan**" means a loan made pursuant to <u>Section 2.01</u>.

"**Margin Regulations**" means Regulations T, U and X of the Board, as in effect from time to time.

"**Material Plan**" means at any time a Plan having aggregate Unfunded Liabilities in excess of $150,000,000.

"**Material Subsidiary**" means any Subsidiary that meets the definition of "significant subsidiary" contained as of the date hereof in Regulation S-X of the Securities and Exchange Commission.

"**Materiality Threshold**" means $150,000,000.

"**Maturity Date**" means the date that is 364 days after the Funding Date; <u>provided</u> that if such date shall not be a Business Day, then the "Maturity Date" shall be the next preceding Business Day.

"**Moody's**" means Moody's Investors Service, Inc. or any successor to its rating agency business.

"**Multiemployer Plan**" means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions, including for these purposes any Person which ceased to be a member of the ERISA Group during such five year period.

"**Net Cash Proceeds**" means, with respect to any Reduction Prepayment Event, the excess of (a) cash actually received by the Borrower or any of its Subsidiaries in connection therewith over (b) the underwriting or issuance discounts, commissions, fees and other out-of-pocket expenses incurred by the Borrower or any of its Subsidiaries in connection therewith.

"**Nonpublic Information**" means information with respect to the Borrower, its Subsidiaries or their respective securities which has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD of the Securities and Exchange Commission.

"**Notes**" means promissory notes of the Borrower, substantially in the form of <u>Exhibit A</u> hereto, evidencing the obligation of the Borrower to repay the Loans.

"**Notice of Borrowing**" means a request by the Borrower for Loans in accordance with <u>Section 2.03</u>, which shall be substantially in the form agreed by the Servicing Agent and the

Borrower prior to the Effective Date and separately provided to the Borrower, or any other form agreed by the Servicing Agent and the Borrower.

"**Notice of Interest Rate Election**" means a request by the Borrower in accordance with <u>Section 2.08</u>, which shall be substantially in the form agreed by the Servicing Agent and the Borrower prior to the Effective Date and separately provided to the Borrower, or any other form agreed by the Servicing Agent and the Borrower.

"**NYFRB**" means the Federal Reserve Bank of New York.

"**NYFRB Rate**" means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); <u>provided</u> that if none of such rates is published for any day that is a Business Day, the term "NYFRB Rate" shall mean the rate for a federal funds transaction quoted at 11:00 a.m. (New York City time) on such day received by the Servicing Agent from a federal funds broker of recognized standing reasonably selected by it; <u>provided further</u>, that if any of the aforesaid rates as so determined is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

"**NYFRB's Website**" means the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

"**Other Connection Taxes**" means, with respect to any recipient, Taxes imposed as a result of a present or former connection between such recipient and the jurisdiction imposing such Tax (other than connections arising from such recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced this Agreement, or sold or assigned an interest in any Loan).

"**Other Taxes**" means any present or future stamp or documentary, intangible, recording, filing taxes and any other similar taxes, or similar charges or levies, which arise from any payment made pursuant to this Agreement or under any Note or from the execution or delivery of, or otherwise with respect to, this Agreement or any Note, except any such taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to <u>Section 8.06</u>).

"**Overnight Bank Funding Rate**" means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in U.S. dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

"**Overnight Rate**" means, for any day, the greater of (a) the NYFRB Rate and (b) an overnight rate reasonably determined by the Servicing Agent in accordance with banking industry rules on interbank compensation.

"**Parent**" means, with respect to any Bank, any Person controlling such Bank.

"**Participant**" has the meaning set forth in <u>Section 9.06(d)</u>.

"**Participant Register**" has the meaning set forth in <u>Section 9.06(d)</u>.

"**PBGC**" means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.

"**Person**" means an individual, a corporation, a partnership, a limited liability company, an association, a trust, a Governmental Authority or any other entity or organization.

"**Plan**" means at any time an employee pension benefit plan, as defined in Section 3(2) of ERISA, (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Internal Revenue Code and either (i) is maintained, or contributed to, by any member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time within the preceding five years been maintained, or contributed to, by any Person which was at such time a member of the ERISA Group for employees of any Person which was at such time a member of the ERISA Group.

"**Pricing Schedule**" means the Pricing Schedule attached hereto.

"**Prime Rate**" means the rate of interest last quoted by The Wall Street Journal as the "Prime Rate" in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the "bank prime loan" rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as reasonably determined by the Servicing Agent) or any similar release by the Board (as reasonably determined by the Servicing Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.

"**Quarterly Payment Dates**" means each March 31, June 30, September 30 and December 31.

"**Reduction/Prepayment Event**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any issuance or sale of any senior unsecured notes or any other debt securities (including any debt securities
convertible or exchangeable into equity securities or hybrid debt-equity securities) or the incurrence of any other indebtedness for borrowed
money, other than (i) revolving credit borrowings under the 364-Day Revolving Facility, (ii) revolving credit borrowings under the Existing
Credit Agreement (or under any amendment thereto or refinancing thereof), <u>provided</u> that the aggregate committed amount thereof
and, without duplication, outstanding amount thereunder does not exceed the committed amount under the Existing Credit Agreement as in
effect on the date hereof, (iii) any intercompany Debt among the Borrower and/or any of its Subsidiaries, (iv) finance leases, letters
of credit, foreign subsidiary working capital facilities, purchase money and equipment financings and receivables financings, (v) Debt
of the Acquired Company and its Subsidiaries incurred prior to the Funding Date as permitted pursuant to the Acquisition Agreement and
(vi) any other Debt of the

Borrower and its Subsidiaries in an aggregate principal amount not to exceed $150,000,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any issuance or sale of any equity securities by the Borrower (including, to the extent not duplicative
of clause (a) above, any securities convertible or exchangeable into equity securities or hybrid debt-equity securities), other than (i)
equity interests or such other securities issued pursuant to employee stock plans or employee compensation plans or contributed to pension
funds and (ii) equity interests or such other securities issued or transferred as consideration in connection with any acquisition or
joint venture arrangement.

"**Reference Time**" with respect to any setting of the then-current Benchmark means (i) if such Benchmark is the Term SOFR Rate, 5:00 a.m. (Chicago time) on the day that is two U.S. Government Securities Business Days preceding the date of such setting or (ii) if such Benchmark is not the Term SOFR Rate, the time determined by the Servicing Agent in its reasonable discretion.

"**Register**" has the meaning set forth in <u>Section 9.06(c)</u>.

"**Regulation U**" means Regulation U of the Board, as in effect from time to time.

"**Related Parties"** means, with respect to any Person, such Person's Affiliates and the partners, directors, officers, employees, agents, trustees, administrators and advisors of such Person and of such Person's Affiliates.

"**Relevant Governmental Body**" means the Board and/or the NYFRB, or a committee officially endorsed or convened by the Board and/or the NYFRB or, in each case, any successor thereto.

"**Required Banks**" means at any time Banks having Commitments or Loans representing more than 50% of the sum of the total Commitments or the aggregate principal amount of Loans of all Banks at such time. The Commitment of or the aggregate principal amount of Loans of any Defaulting Bank shall be disregarded in determining Required Banks at any time.

"**Resolution Authority**" means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

"**Responsible Officer**" means the chief executive officer, any senior or executive vice president, treasurer or officer with comparable responsibilities of the Borrower; <u>provided</u> that, when such term is used in reference to any document executed by, or a certification of, a Responsible Officer, the secretary or assistant secretary of the Borrower shall have, theretofore (including on the Effective Date) or concurrently therewith, delivered an incumbency certificate to the Administrative Agents as to the authority of such individual.

"**S&P**" means S&P Global Ratings, a division of S&P Global Inc., and any successor to its ratings agency business.

"**Sanctioned Country**" means, at any time, a country, region or territory which is, or whose government is, the subject or target of any comprehensive territorial Sanctions.

"**Sanctioned Person**" means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state or His Majesty's Treasury of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing <u>clause (a)</u> or <u>(b)</u>.

"**Sanctions**" means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state or His Majesty's Treasury of the United Kingdom.

"**Servicing Agent**" means JPMorgan Chase Bank, N.A. in its capacity as servicing agent for the Banks hereunder, and its successors in such capacity.

"**SOFR**" means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

"**SOFR Administrator**" means the NYFRB (or a successor administrator of the secured overnight financing rate).

"**SOFR Administrator's Website**" means the NYFRB's Website or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

"**Solvency Certificate**" means a solvency certificate in the form of <u>Exhibit C</u> hereto.

"**Specified Acquisition**" means the acquisition by the Borrower of all of the issued and outstanding membership interests in the Acquired Company pursuant to the Acquisition Agreement.

"**Subsidiary**" means any corporation or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by the Borrower.

"**Taxes**" means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings imposed by any Governmental Authority with respect to any payment by the Borrower pursuant to this Agreement or under any Note, and all liabilities for penalties and additions to tax with respect thereto, excluding (i) in the case of each Bank and the Servicing Agent, taxes imposed on or measured by its net income, branch profits taxes, and franchise or similar taxes, in each case (x) imposed on it, by a jurisdiction under the laws of which (or any political subdivision thereof) such Bank or the Servicing Agent (as the case may be) is organized or in which its principal executive office is located or, in the case of each Bank, in which its

Applicable Lending Office is located or (y) that are Other Connection Taxes, (ii) in the case of each Bank, any United States withholding tax imposed on such payments but only to the extent pursuant to a law in effect at the time such Bank first becomes a party to this Agreement or changes its Applicable Lending Office, except to the extent such taxes were payable to such Bank immediately before it changed its Applicable Lending Office and (iii) United States withholding taxes imposed under FATCA.

"**Term Benchmark**" when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Term SOFR Rate.

"**Term Benchmark Borrowing**" means a Borrowing comprised of Term Benchmark Loans.

"**Term Benchmark Loan**" means a Loan which bears interest at a rate determined by reference to the Term SOFR Rate (other than as a result of clause (iii) of the definition of Base Rate).

"**Term SOFR Rate**" means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m. (Chicago time), two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator; <u>provided</u> that if the Term SOFR Rate as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement.

"**Term SOFR Reference Rate**" means, for any day and time (such day, the "**Term SOFR Determination Day**"), with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR Administrator and identified by the Servicing Agent as the forward-looking term rate based on SOFR. If by 5:00 p.m. (New York City time) on such Term SOFR Determination Day, the "Term SOFR Reference Rate" for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding U.S. Government Securities Business Day is not more than five U.S. Government Securities Business Days prior to such Term SOFR Determination Day.

"**Ticking Fee**" has the meaning set forth in <u>Section 2.09(a)</u>.

"**Ticking Fee Accrual Period**" has the meaning set forth in <u>Section 2.09(a)</u>.

"**Ticking Fee Rate**" means, for any day, the applicable rate per annum determined in accordance with the Pricing Schedule.

"**Type**", when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Term SOFR (other than solely as a result of <u>clause (iii)</u> of the definition of Base Rate), the Base Rate or, if applicable pursuant to <u>Section 8.01</u>, the Daily Simple SOFR.

"**UK Financial Institutions**" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain Affiliates of such credit institutions or investment firms.

"**UK Resolution Authority**" means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

"**Unadjusted Benchmark Replacement**" means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

"**Unfunded Liabilities**" means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

"**United States**" means the United States of America, including the States and the District of Columbia, but excluding its territories and possessions.

"**U.S. Government Securities Business Day**" means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

"**U.S. Person**" means any Person that is a "United States Person" as defined in Section 7701(a)(30) of the Internal Revenue Code.

"**USA PATRIOT Act**" means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.

"**Write-Down and Conversion Powers**" means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that Person or any other Person, to provide

that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

Section 1.02 *<u>Accounting Terms and Determinations.</u>* Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP as in effect from time to time, applied on a basis consistent (except for changes concurred in by the Borrower's independent public accountants) with the most recent audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries delivered to the Banks; <u>provided</u> that, if the Borrower notifies the Administrative Agents that the Borrower wishes to amend any covenant in <u>Article 5</u> to eliminate the effect of any change in GAAP after the Effective Date on the operation of such covenant (or if the Administrative Agents notify the Borrower that the Required Banks wish to amend <u>Article 5</u> for such purpose), then the Borrower's compliance with such covenant shall be determined on the basis of GAAP effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Banks.

Section 1.03 *<u>Terms Generally.</u>* 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 "law" shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders, writs and decrees, of all Governmental Authorities. The words "asset" and "property" shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word "will" shall be construed to have the same meaning and effect as the word "shall". Except as otherwise provided herein and unless the context requires otherwise (a) any definition of or reference to any agreement (including this Agreement), instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any definition of or reference to any statute, regulation or other law herein shall be construed (i) as referring to such statute, regulation or other law as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor statutes, regulations or other laws) and (ii) to include all official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply, (c) any reference herein to any Person shall be construed to include such Person's successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) 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 and (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement.

Section 1.04 *<u>Interest Rates; Benchmark Notification.</u>* The interest rate on a Loan may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event, <u>Section 8.01(b)</u> provides a mechanism for determining an alternative rate of interest. The Servicing Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter related to any interest rate used in this Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including, without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance or unavailability. The Servicing Agent and its Affiliates and/or other related entities may engage in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Servicing Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Bank or any other Person for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

Section 1.05 *<u>Divisions</u>*. For all purposes under this Agreement, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction's laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its equity interests at such time.

Section 1.06 *<u>Effectuation of Transactions</u>*. All references herein to the Borrower and its Subsidiaries on the Funding Date shall be deemed to be references to such Persons, and all the representations and warranties of the Borrower contained in this Agreement on the Funding Date shall be deemed made, in each case, after giving effect to the Specified Acquisition, the incurrence of the Loans hereunder and the related transactions, unless the context otherwise requires.

**Article 2**<br> The Credits

Section 2.01 *<u>Commitments to Lend</u>*. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make a loan in U.S. dollars to the Borrower in a principal amount not to exceed its Commitment in a single drawing on the Funding Date. Amounts borrowed under this <u>Section 2.01</u> that are repaid or prepaid may not be reborrowed.

Section 2.02 *<u>Loans and Borrowings.</u>* (a) Each Borrowing under <u>Section 2.01</u> shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that

any such Borrowing may be in the aggregate amount of the Commitments). Each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made by the Banks ratably in proportion to their respective Commitments. The failure of any Bank to make any Loan required to be made by it shall not relieve any other Bank of its obligations hereunder; <u>provided</u> that the Commitments of the Banks are several and no Bank shall be responsible for any other Bank's failure to make Loans as required. Each Bank at its option may make any Loan by causing any Applicable Lending Office of such Bank to make such Loan; <u>provided</u> that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to <u>Section 8.01</u>, each Borrowing shall be comprised entirely of (i) Term Benchmark Loans or (ii) Base Rate Loans.

Section 2.03 *<u>Notice of Borrowing</u>*. To request a borrowing of Loans, the Borrower shall give the Servicing Agent a completed Notice of Borrowing signed by a Responsible Officer of the Borrower not later than (a) 1:00 p.m. (New York City time) on the date of any Base Rate Borrowing and (b) 11:00 a.m. (New York City time) on the second U.S. Government Securities Business Day before any Term Benchmark Borrowing, specifying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the date of such Borrowing, which shall be a Business Day,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the aggregate amount of such Borrowing,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) whether the Loans comprising such Borrowing are to be Base Rate Loans or Term Benchmark Loans,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) in the case of a Term Benchmark Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the location and number of the account to which funds are to be disbursed (which, if not an account of the Borrower with the Servicing Agent, shall be reasonably acceptable to the Servicing Agent).

Section 2.04 *<u>Notice to Banks; Funding of Loans</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon receipt of a Notice of Borrowing, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's share of the requested Borrowing. Such Notice of Borrowing shall not thereafter be revocable by the Borrower; <u>provided</u> that a Notice of Borrowing may, at the Borrower's option, be conditioned on the Specified Acquisition being consummated on the Funding Date, in which case such Notice of Borrowing may be revoked by the Borrower by written notice to the Servicing Agent if such condition is not satisfied (which notice must be received by the Servicing Agent not later than the time by which the Banks are required to make available to the Servicing Agent their respective Loans in respect of such Borrowing).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not later than 10:00 a.m. (New York City time) (or, in the case of a Base Rate Borrowing for which Notice of Borrowing is provided on the proposed date of the requested

Borrowing, not later than the later of 10:00 a.m. (New York City time) and two hours after receipt of such Notice of Borrowing) on the date of each Borrowing, each Bank shall make available its share of such Borrowing, in Federal or other funds immediately available in New York City, to the Servicing Agent at the account of the Servicing Agent most recently designated by the Servicing Agent for such purpose by notice to the Banks. The Servicing Agent will make the funds so received from the Banks available to the Borrower, in like funds, at the account designated in the applicable Notice of Borrowing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Unless the Servicing Agent shall have received notice from a Bank prior to the date of any Borrowing that such Bank will not make available to the Servicing Agent such Bank's share of such Borrowing, the Servicing Agent may assume that such Bank has made such share available to the Servicing Agent on the date of such Borrowing in accordance with <u>paragraph (b)</u> of this <u>Section 2.04</u> and the Servicing Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Bank shall not have so made such share available to the Servicing Agent, such Bank and the Borrower severally agree to repay to the Servicing Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Servicing Agent, at (i) in the case of the Borrower, a rate per annum equal to the interest rate applicable thereto pursuant to <u>Section 2.07</u> and (ii) in the case of such Bank, the Overnight Rate. If such Bank shall repay to the Servicing Agent such corresponding amount, such amount so repaid shall constitute such Bank's Loan included in such Borrowing for purposes of this Agreement.

Section 2.05 *<u>Notes</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Bank may, by notice to the Borrower and the Administrative Agents, request that its Loans be evidenced by a single Note payable to such Bank for the account of its Applicable Lending Office in an amount equal to the aggregate unpaid principal amount of such Bank's Loans. Each such Note shall be promptly furnished to the requesting Bank and shall be in substantially the form of <u>Exhibit A</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Bank shall record the date, amount, Type and maturity of each Loan made by it and the date and amount of each payment of principal made by the Borrower with respect thereto, and may, if such Bank so elects in connection with any transfer or enforcement of its Note, endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding; <u>provided</u> that the failure of any Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Notes. Each Bank is hereby irrevocably authorized by the Borrower so to endorse its Note and to attach to and make a part of its Note a continuation of any such schedule as and when required.

Section 2.06 *<u>Maturity of Loans</u>*. Each Loan made by each Bank shall mature, and the principal amount thereof shall be due and payable (together with accrued interest thereon), on the Maturity Date.

Section 2.07 *<u>Interest Rates</u>*.

(a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made or converted to, at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate for such day. Such interest shall be payable quarterly in arrears on each Quarterly Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Term Benchmark Loan shall bear interest on the outstanding principal amount thereof, for each day during each Interest Period applicable thereto, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Term SOFR Rate for such Interest Period. Such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding the foregoing, (i) any overdue principal of or interest on any Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due (whether at stated maturity, upon acceleration or otherwise) to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the interest rate otherwise applicable to such Loan as provided in the preceding paragraphs of this <u>Section 2.07</u> and (ii) any overdue fees shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the interest rate applicable to Base Rate Loans as provided in the paragraph (a) of this <u>Section 2.07</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Servicing Agent shall determine each interest rate applicable to the Loans hereunder. The Servicing Agent shall, upon request, give prompt notice to the Borrower and the Banks of each rate of interest so determined, and its determination thereof shall be conclusive in the absence of manifest error.

Section 2.08 *<u>Method of Electing Interest Rates</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Loans included in each Borrowing shall initially be of the Type specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the Type of Loans included in any Borrowing (subject to <u>Section 2.08(d)</u> and the provisions of <u>Article 8),</u> as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if such Loans are Base Rate Loans, the Borrower may elect to convert such Loans to Term Benchmark Loans as of any Business Day; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if such Loans are Term Benchmark Loans, the Borrower may elect to convert such Loans to Base Rate Loans as of any Business Day or to continue such Loans as Term Benchmark Loans for an additional Interest Period, subject to <u>Section 2.15</u> if any such conversion is effective on any day other than the last day of an Interest Period applicable to such Loans.

Each such election shall be made by delivering a completed Notice of Interest Rate Election signed by a Responsible Officer of the Borrower to the Servicing Agent not later than (i) in the case of any conversion to Base Rate Loans, 1:00 p.m. (New York City time) on the date of such conversion and (ii) in the case of any conversion to Term Benchmark Loans, or any continuation of Term Benchmark Loans, 11:00 a.m. (New York City time) on the third Business Day before such conversion or continuation. A Notice of Interest Rate Election may, if it so specifies, apply to only

a portion of the aggregate principal amount of the relevant Borrowing; <u>provided</u> that (i) such portion is allocated ratably among the Loans comprising such Borrowing, and the Loans comprising such portion shall be considered a separate Borrowing and (ii) the portion of such Borrowing to which such election applies, and the remaining portion of such Borrowing to which it does not apply, are each at least $10,000,000 (unless such portion is consisting of Base Rate Loans). If no such notice is timely received before the end of an Interest Period applicable to any Term Benchmark Borrowing, the Borrower shall be deemed to have elected that such Term Benchmark Borrowing be continued, at the end of such Interest Period, with an Interest Period of one month (or, if <u>Section 2.08(d)(iii)</u> applies, that such Term Benchmark Borrowing be converted, at the end of such Interest Period, to a Base Rate Borrowing).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Notice of Interest Rate Election shall specify:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Borrowing (or portion thereof) to which such notice applies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the date on which the conversion or continuation selected in such notice is to be effective, which shall comply with the applicable clause of <u>Section 2.08(a)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if the Loans comprising such Borrowing are to be converted, the new Type of Loans and, if the Loans resulting from such conversion are to be Term Benchmark Loans, the duration of the next succeeding Interest Period applicable thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if the Loans comprising such Borrowing are to be continued as Term Benchmark Loans for an additional Interest Period, the duration of such additional Interest Period.

Each Interest Period specified in a Notice of Interest Rate Election shall comply with the provisions of the definition of Interest Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Promptly after receiving a Notice of Interest Rate Election from the Borrower pursuant to <u>Section 2.08(a)</u>, the Servicing Agent shall notify each Bank of the contents thereof. Such Notice of Interest Rate Election shall not thereafter be revocable by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Borrower shall not be entitled to elect to convert any Loans to, or continue any Loans for an additional Interest Period as, Term Benchmark Loans if (i) the aggregate principal amount of any Term Benchmark Borrowing created or continued as a result of such election would be less than $10,000,000, (ii) more than 15 Term Benchmark Borrowings shall be outstanding at any time or (iii) at the time the Borrower delivers notice of such election to the Servicing Agent, (x) an Event of Default under <u>Section 6.01(g)</u> or <u>6.01(h)</u> shall have occurred and be continuing or (y) any other Event of Default shall have occurred and be continuing and, in the case of this clause (y), the Servicing Agent, at the request of the Required Banks, notifies the Borrower of the election to suspend the Borrower's rights as to such elections.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If any Loan is converted to a different Type of Loan, the Borrower shall pay, on the date of such conversion, the interest accrued to such date on the principal amount being converted.

Section 2.09 *<u>Fees</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower shall pay to the Servicing Agent, for the account of each Bank, a ticking fee (the "**Ticking Fee**") at the Ticking Fee Rate on the daily amount of the Commitment of such Bank during the period (i) from and including the Effective Date and (ii) to but excluding the earlier of (x) the Funding Date and (y) the date on which the Commitments terminate (such period, the "**Ticking Fee Accrual Period**"). Accrued Ticking Fees shall be due and payable in arrears on the last day of the Ticking Fee Accrual Period. In addition, on the date of any reduction of the Commitments pursuant to this Agreement, the Borrower shall pay all Ticking Fees to the extent accrued on the aggregate amount of the Commitments subject to such reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower shall pay to the Servicing Agent, for the account of each Bank, a duration fee (the "**Duration Fee**") in an amount equal to 0.10% of the amount of the Commitment of such Bank in effect, or Loans of such Bank outstanding, as of 5:00 p.m. (New York City time) on September 30, 2026. The Duration Fee shall be earned on such day and shall be due and payable on the first Business Day thereafter.

Section 2.10 *<u>Optional Termination or Reduction of Commitments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower may, upon at least one Business Day's written notice, signed by a Responsible Officer of the Borrower, given to the Servicing Agent, (i) terminate the Commitments or (ii) ratably reduce from time to time the aggregate amount of the Commitments; <u>provided</u> that each such reduction shall reduce the Commitments by an aggregate amount of $5,000,000 (or any larger multiple of $1,000,000). Any termination or reduction of the Commitments under this <u>Section 2.10(a)</u> shall be permanent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon receipt of a notice of a termination or reduction pursuant to <u>Section 2.10(a)</u>, the Servicing Agent shall promptly notify each Bank of the contents thereof, and such notice shall not thereafter be revocable by the Borrower; <u>provided</u> that any such notice may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked, or the effective date of such termination or reduction may be extended, by the Borrower (by notice to the Servicing Agent on or prior to the specified effective date) if such condition is not satisfied.

Section 2.11 *<u>Mandatory Termination or Reduction of Commitments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Commitment of each Bank shall automatically and permanently terminate upon the earliest of (i) the termination of the Acquisition Agreement in accordance with its terms, (ii) the consummation of the Specified Acquisition, whether with or without the use of the Loans, and (iii) 5:00 p.m. (New York City time) on December 31, 2026. The Borrower shall provide the Servicing Agent with prompt written notice, signed by a Responsible Officer of the Borrower, of the occurrence of any the foregoing events (other than pursuant to the foregoing <u>clause (iii)</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event and on each occasion that, after the Effective Date and prior to the termination of all the Commitments, the Borrower or any Subsidiary receives Net Cash Proceeds in respect of any Reduction/Prepayment Event, the Commitments shall automatically and permanently be reduced by an amount equal to 100% of such Net Cash Proceeds (or if less, by an amount equal to the Commitments then outstanding), with such reduction to be effective on the date of the receipt of such Net Cash Proceeds by the Borrower or any Subsidiary. The Borrower shall provide the Servicing Agent with prompt written notice, signed by a Responsible Officer of the Borrower, of the occurrence of any Reduction/Prepayment Event giving rise to a

mandatory reduction of the Commitments under this <u>Section 2.11(b)</u>, specifying the date and amount of such reduction and including a calculation in reasonable detail of the amount of the applicable Net Cash Proceeds. Each reduction of the Commitments pursuant to this <u>Section 2.11(b)</u> shall be made ratably among the Banks in accordance with their respective Commitments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon receipt of a notice of a termination or reduction pursuant to this <u>Section 2.11</u>, the Servicing Agent shall promptly notify each Bank of the contents thereof.

Section 2.12 *<u>Optional Prepayments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject in the case of any Term Benchmark Loan to <u>Section 2.15</u>, the Borrower may, upon at least one Business Day's notice to the Servicing Agent, prepay any Base Rate Borrowing or upon at least three Business Days' notice to the Servicing Agent, prepay any Term Benchmark Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the Banks included in such Borrowing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon receipt of a notice of prepayment pursuant to this <u>Section 2.12</u>, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share of such prepayment and such notice shall not thereafter be revocable by the Borrower; <u>provided</u> that any such notice may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked, or the effective date of such prepayment may be extended, by the Borrower (by notice to the Servicing Agent on or prior to the specified prepayment date) if such condition is not satisfied.

Section 2.13 *<u>Mandatory Prepayments.</u>*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event and on each occasion that, after making of the Loans on the Funding Date, the Borrower or any Subsidiary receives Net Cash Proceeds in respect of any Reduction/Prepayment Event, the Borrower shall, on or prior to the second Business Day after such Net Cash Proceeds are received by the Borrower or any Subsidiary, prepay Borrowings by an aggregate amount equal to 100% of such Net Cash Proceeds (or if less, by an amount equal to the aggregate principal amount of Loans then outstanding). The Borrower shall provide the Servicing Agent with prompt written notice, signed by a Responsible Officer of the Borrower, of the occurrence of any Reduction/Prepayment Event giving rise to a mandatory prepayment under this <u>Section 2.13(a)</u>, specifying the date of such prepayment, the Borrowing or Borrowings to be prepaid and the principal amount of each Borrowing or portion thereof to be prepaid and including a calculation in reasonable detail of the amount of the applicable Net Cash Proceeds. Each such prepayment shall be applied to prepay ratably the Loans of the Banks included in any such Borrowing and shall be accompanied by accrued interest on the amount prepaid to the date of prepayment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon receipt of a notice of prepayment pursuant to this <u>Section 2.13</u>, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share of such prepayment.

Section 2.14 *<u>General Provisions as to Payments</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 2:00 p.m. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, without set-off or counterclaim, to the Servicing Agent at such account of the Servicing Agent as shall be notified to the Borrower in writing from time to time. All payments hereunder (including of principal and interest) shall be made in U.S. dollars. The Servicing Agent will promptly distribute to each Bank its ratable share of each such payment received by the Servicing Agent for the account of the Banks. Except as otherwise provided in the definition of the term "Maturity Date" and "Interest Period", whenever any payment of principal of, or interest on, the Loans or of fees shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day. If the date for any payment of principal is extended by operation of law or otherwise, interest thereon shall be payable for such extended time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless the Servicing Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Banks hereunder that the Borrower will not make such payment in full, the Servicing Agent may assume that the Borrower has made such payment in full to the Servicing Agent on such date and the Servicing Agent may, in reliance upon such assumption, cause to be distributed to each Bank on such due date an amount equal to the amount then due such Bank. If and to the extent that the Borrower shall not have so made such payment, each Bank shall repay to the Servicing Agent forthwith on demand such amount distributed to such Bank together with interest thereon, for each day from the date such amount is distributed to such Bank until the date such Bank repays such amount to the Servicing Agent, at the Overnight Rate.

Section 2.15 *<u>Funding Losses</u>*. If the Borrower makes any payment of principal with respect to any Term Benchmark Loan or any Term Benchmark Loan is converted to a different Type of Loan (whether such payment or conversion is pursuant to <u>Article 2</u>, <u>6</u>, or <u>8</u> or otherwise) on any day other than the last day of an Interest Period applicable thereto, or if the Borrower fails to borrow, prepay, convert or continue any Term Benchmark Loan after notice has been given to any Bank in accordance with <u>Section 2.04(a)</u>, <u>2.08(c)</u> or <u>2.12(c)</u> (and whether or not the Borrower shall have revoked or extended the applicable notice given by it as permitted hereunder), or if the Borrower shall require an assignment of a Term Benchmark Loan in accordance with <u>Section 8.06</u> on any day other than the last day of an Interest Period applicable thereto, the Borrower shall reimburse each Bank within 15 days after demand for any resulting loss or expense incurred by it (or, subject to <u>Section 9.06(d)</u>, by an existing or prospective Participant in the related Loan), including (without limitation) any loss incurred in obtaining, liquidating or employing deposits from third parties, but excluding loss of margin for the period after any such payment or conversion or failure to borrow, prepay, convert or continue; <u>provided</u> that such Bank shall have delivered to the Borrower a certificate as to the amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error.

Section 2.16 *<u>Computation of Interest and Fees</u>*. Interest based on the Prime Rate hereunder shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day). All other interest and fees shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).

Section 2.17 *<u>Defaulting Banks</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If a Bank becomes, and during the period it remains, a Defaulting Bank, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Ticking Fee shall cease to accrue with respect to the Commitment of such Defaulting Bank and no Duration Fee shall be payable with respect to the Commitment of such Defaulting Bank (but will be payable with respect to the Loans of such Defaulting Bank); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any payment of principal, interest, fees or other amounts received by the Servicing Agent for the account of such Defaulting Bank (whether voluntary or mandatory, at maturity, pursuant to <u>Article 6</u> or otherwise) or received by the Servicing Agent from a Defaulting Bank pursuant to <u>Section 9.04</u> shall be applied at such time or times as may be determined by the Servicing Agent as follows: first, to the payment on a pro rata basis of any amounts owing by such Defaulting Bank to the Servicing Agent or any Administrative Agent hereunder; second, as the Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which such Defaulting Bank has failed to fund its portion thereof as required by this Agreement, as determined by the Servicing Agent; third, if so determined by the Servicing Agent and the Borrower, to be held in a deposit account and released pro rata in order to satisfy such Defaulting Bank's potential future funding obligations with respect to Loans under this Agreement; fourth, to the payment of any amounts owing to the Banks as a result of any judgment of a court of competent jurisdiction obtained by any Bank against such Defaulting Bank as a result of such Defaulting Bank's breach of its obligations under this Agreement; fifth, so long as no Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Bank as a result of such Defaulting Bank's breach of its obligations under this Agreement; and sixth, to such Defaulting Bank or as otherwise directed by a court of competent jurisdiction; it being agreed that any payments, prepayments or other amounts paid or payable to a Defaulting Bank that are applied (or held) to pay amounts owed by a Defaulting Bank or to post cash collateral pursuant to this <u>Section 2.17(a)(ii)</u> shall be deemed paid to and redirected by such Defaulting Bank, and each Bank irrevocably consents hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Commitment of any Bank shall be increased or otherwise affected, and, except as otherwise expressly provided in this <u>Section 2.17</u>, performance by the Borrower of its obligations shall not be excused or otherwise modified as a result of the operation of this <u>Section 2.17</u>. The rights and remedies against a Defaulting Bank under this <u>Section 2.17</u> are in addition to any other rights and remedies which the Borrower, the Servicing Agent or any Bank may have against such Defaulting Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Borrower and the Servicing Agent agree in writing in their reasonable determination that a Defaulting Bank should no longer be deemed to be a Defaulting Bank, the Servicing Agent will so notify the parties hereto, whereupon, as of the effective date specified in such notice and subject to any conditions set forth therein, such Bank will cease to be a Defaulting Bank; <u>provided</u> that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Bank was a Defaulting Bank and all

amendments, waivers or modifications effected without its consent in accordance with the provisions of <u>Section 9.05</u> and this <u>Section 2.17</u> during such period shall be binding on such Bank; and <u>provided</u>, <u>further</u>, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Bank will constitute a waiver or release of any claim of any party hereunder arising from the applicable Bank's having been a Defaulting Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Borrower may terminate the unused amount of the Commitment of any Bank that is a Defaulting Bank upon not less than ten Business Days' prior notice to the Servicing Agent (which shall promptly notify the Banks thereof); <u>provided</u> that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agents, the Servicing Agent or any Bank may have against such Defaulting Bank.

**Article 3**<br> Conditions

Section 3.01 *<u>Conditions to Effectiveness</u>*. This Agreement shall become effective on the first date that each of the following conditions shall have been satisfied (or waived in accordance with <u>Section 9.05</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) receipt by the Administrative Agents of counterparts hereof signed by each of the parties hereto (which, subject to <u>Section 9.10(b)</u>, may include any Electronic Signatures transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page of a counterpart of this Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) receipt by the Administrative Agents of an opinion of Cleary Gottlieb Steen & Hamilton LLP, special counsel for the Borrower, covering such matters relating to the transactions contemplated hereby with respect to federal law, New York state law or the Delaware General Corporation Law as the Administrative Agents may reasonably request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) receipt by the Administrative Agents of all documents the Administrative Agents may reasonably request relating to the existence of the Borrower, the corporate authority for and the validity of this Agreement and the Notes, and any other matters relevant hereto, all in form and substance satisfactory to the Administrative Agents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) payment by the Borrower to each Administrative Agent and each Arranger and to the Servicing Agent for the account of each Bank of all fees due and payable on or prior to the Effective Date pursuant to the Fee Letters and, to the extent invoiced at least three Business Days prior to the Effective Date, reimbursement of all out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed by the Borrower hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) receipt by the Administrative Agents of an officer's certificate from the Borrower, dated the Effective Date and signed by a Responsible Officer of the Borrower, certifying that (i) the representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects (except in the case of those representations and warranties already qualified by materiality, which shall be certified to be true and correct in all respects) on and as of the Effective Date and (ii) no Default has occurred and is continuing on and as of the Effective Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) (i) receipt by the Administrative Agents, at least three Business Days prior to the Effective Date, of all documentation and other information required by regulatory authorities under applicable "know your customer" and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation, in each case, to the extent reasonably requested by any Bank (through the Administrative Agents) at least 10 days prior to the Effective Date (<u>provided</u> that, upon the execution and delivery by any Bank of its signature to a counterpart of this Agreement, the condition set forth in this <u>paragraph (f)</u> shall be deemed to be satisfied as to such Bank).

The Administrative Agents shall promptly notify the Borrower and the Banks of the occurrence of the Effective Date, and such notice shall be conclusive and binding on all parties hereto.

Section 3.02 *<u>Conditions to Borrowing</u>*. The obligation of any Bank to make a Loan is subject to the occurrence of the Effective Date and the satisfaction of the following conditions (unless waived in accordance with <u>Section 9.05</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Specified Acquisition shall be consummated substantially concurrently with the funding of the Loans on the Funding Date pursuant to, and in all material respects in accordance with, the terms of the Acquisition Agreement; and the Acquisition Agreement shall not have been amended or modified in any respect, or any provision or condition therein waived, or any consent granted thereunder (directly or indirectly, including any consent deemed granted as a result of a failure to object), by the Borrower or any of its Subsidiaries, if such amendment, modification, waiver or consent would be materially adverse to the interests of the Banks or the Arrangers (in either case, in their capacities as such) without the Administrative Agents' prior written consent (such consent not to be unreasonably withheld, delayed or conditioned, it being understood and agreed that (i) any increase, when taken together with all prior increases, of up to 10% in the original consideration for the Specified Acquisition shall not be deemed to be materially adverse to the interests of the Banks or the Arrangers, (ii) any decrease, when taken together with all prior decreases, of less than 10% of the original consideration of the Specified Acquisition shall not be deemed to be materially adverse to the interests of the Banks or the Arrangers so long as any such reduction in the consideration for the Specified Acquisition shall reduce dollar-for-dollar the Commitments, (iii) increases or decreases, when taken together with all prior increases or decreases, as applicable, of more than 10% in the original consideration for the Specified Acquisition shall be deemed to be materially adverse to the interests of the Banks and the Arrangers and shall require the consent of the Arrangers and (iv) any adjustment to the consideration for the Specified Acquisition in accordance with the working capital and other customary purchase price adjustments as set forth in the Acquisition Agreement shall not be deemed to be an increase or decrease in the consideration for the Specified Acquisition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Acquired Company Debt Repayment shall be consummated prior to or substantially concurrently with the funding of the Loans on the Funding Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) on the Funding Date and after giving effect to the Specified Acquisition and the other transactions to occur on the date of the consummation thereof, (i) the representations and warranties of the Borrower contained in this Agreement shall be true and correct in all material respects (except in the case of those representations and warranties already qualified by

materiality, which shall be true and correct in all respects) and (ii) no Default or Event of Default shall have occurred and be continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) receipt by the Administrative Agents of an officer's certificate from the Borrower, dated the Funding Date and signed by a Responsible Officer of the Borrower, certifying that the conditions specified in <u>clauses (a)</u>, <u>(b)</u> and <u>(c)</u> above have been satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) receipt by the Servicing Agent of a Notice of Borrowing as required by <u>Section 2.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) receipt by the Administrative Agents of a Solvency Certificate, dated the Funding Date and signed by the chief financial officer of the Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) payment by the Borrower to each Administrative Agent and each Arranger and to the Servicing Agent for the account of each Bank of all fees due and payable on or prior to the Funding Date pursuant to the Fee Letters or this Agreement and, to the extent invoiced at least three Business Days prior to the Funding Date, reimbursement of all out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed by the Borrower hereunder.

**Article 4**<br> Representations And Warranties

The Borrower represents and warrants, as of the Effective Date and the Funding Date, that:

Section 4.01 *<u>Corporate Existence and Power</u>*. The Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of Delaware, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Section 4.02 *<u>Corporate and Governmental Authorization; No Contravention</u>*. The execution, delivery and performance by the Borrower of this Agreement and the Notes are within the Borrower's corporate powers, have been duly authorized by all necessary corporate action, require no action by or in respect of, or filing with, any Governmental Authority and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or bylaws of the Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Section 4.03 *<u>Binding Effect</u>*. This Agreement constitutes a legal, valid and binding agreement of the Borrower, and each Note, when executed and delivered in accordance with this Agreement, will constitute a legal, valid and binding obligation of the Borrower, in each case enforceable against the Borrower 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 4.04 *<u>Financial Information</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of June 30, 2025 and the related consolidated statements of earnings and cash flows for the fiscal year then ended, reported on by Ernst & Young LLP and set forth in the Borrower's Annual Report on Form 10-K previously filed with the Securities and Exchange Commission, present fairly, in all material respects, the consolidated financial position of the Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such fiscal year in conformity with GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Since June 30, 2025, there has been no material adverse change in the business, financial position, results of operations or prospects of the Borrower and its Consolidated Subsidiaries, considered as a whole, except as publicly disclosed prior to the date hereof.

Section 4.05 *<u>Litigation</u>*. There is no action, suit or proceeding pending against, or to the knowledge of the Borrower threatened, against or affecting the Borrower or any of its Subsidiaries before any court or arbitrator or any other Governmental Authority which (a) could reasonably be expected to have a material adverse effect on the business, consolidated financial position or consolidated results of operations of the Borrower and its Consolidated Subsidiaries, considered as a whole, except as publicly disclosed prior to the date hereof or (b) in any manner draws into question the validity of this Agreement or the Notes.

Section 4.06 *<u>Compliance with ERISA</u>*. Each member of the ERISA Group has materially fulfilled its obligations under the minimum funding standards of ERISA and the Internal Revenue Code with respect to each Plan and is in compliance in all material respects with the presently applicable provisions of ERISA and the Internal Revenue Code with respect to each Plan. No member of the ERISA Group has (i) sought a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code in respect of any Plan, (ii) failed to make any material contribution or payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement, or made any amendment to any Plan or Benefit Arrangement, which has resulted or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Internal Revenue Code or (iii) incurred any material liability under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of ERISA.

Section 4.07 *<u>Environmental Matters</u>*. In the ordinary course of its business, the Borrower conducts an ongoing review of the effect of Environmental Laws on the business, operations and properties of the Borrower and its Subsidiaries, in the course of which it identifies and evaluates associated liabilities and costs (including, without limitation, any capital or operating expenditures required for clean-up or closure of properties presently or previously owned, any capital or operating expenditures required to achieve or maintain compliance with environmental protection standards imposed by law or as a condition of any license, permit or contract, any related constraints on operating activities, including any periodic or permanent shutdown of any facility or reduction in the level of or change in the nature of operations conducted thereat and any actual or potential liabilities to third parties, including employees, and any related costs and expenses). On the basis of this review, the Borrower has reasonably concluded that Environmental Laws are unlikely to have a material adverse effect on the business, financial condition, results of operations or prospects of the Borrower and its Consolidated Subsidiaries, considered as a whole, except as publicly disclosed prior to the date hereof.

Section 4.08 *<u>Taxes</u>*. The Borrower and its Subsidiaries have filed all United States Federal income tax returns and all other material tax returns which are required to be filed by them and have paid all taxes due pursuant to such returns or pursuant to any assessment received by the Borrower or any Subsidiary. The charges, accruals and reserves on the books of the Borrower and its Subsidiaries in respect of taxes or other governmental charges are, in the opinion of the Borrower, adequate.

Section 4.09 *<u>Subsidiaries</u>*. Each of the Borrower's corporate Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Section 4.10 *<u>Full Disclosure</u>*. Subject to the proviso at the end of this <u>Section 4.10</u>, all information other than general market data heretofore furnished in writing by the Borrower to any Agent or any Bank for purposes of or in connection with this Agreement or any transaction contemplated hereby is, when taken as a whole, accurate in all material respects on the date as of which such information is stated or certified. Subject to the qualification for Nonpublic Information set forth in <u>Section 5.01</u>, the Borrower has disclosed to the Banks in writing any and all facts which materially and adversely affect the business, operations or financial condition of the Borrower and its Consolidated Subsidiaries, taken as a whole, or the ability of the Borrower to perform its obligations under this Agreement, <u>provided</u> that, with respect to projected financial information or other forward-looking information (if any) the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.

Section 4.11 *<u>Margin Regulations</u>*. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U).

Section 4.12 *<u>Investment Company Act</u>*. The Borrower is not an "investment company" under the Investment Company Act of 1940, as amended.

Section 4.13 *<u>Anti-Corruption Laws and Sanctions</u>*. The Borrower has implemented and maintains in effect policies and procedures designed to achieve compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (acting in their capacities as such) with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and employees (acting in their capacities as such) and to the knowledge of the Borrower, its directors and agents (acting in their capacities as such), are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.

**Article 5**<br> Covenants

The Borrower agrees that, until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full:

Section 5.01 *<u>Information</u>*. The Borrower will deliver to the Servicing Agent (on behalf of itself and the Banks):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as soon as available and in any event within 90 days after the end of each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end of such fiscal year and the related consolidated statements of earnings and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on in a manner acceptable to the Securities and Exchange Commission by Ernst & Young LLP or other independent public accountants of nationally recognized standing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) as soon as available and in any event within 45 days after the end of each of the first three quarters of each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end of such quarter and the related consolidated statements of earnings and cash flows for such quarter and for the portion of the Borrower's fiscal year ended at the end of such quarter, setting forth in each case in comparative form the figures for the corresponding quarter and the corresponding portion of the Borrower's previous fiscal year, all certified (subject to normal year-end adjustments) as to fairness of presentation in conformity with GAAP by the chief financial officer or the chief accounting officer of the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) simultaneously with the delivery of each set of financial statements referred to in <u>clauses (a)</u> and <u>(b)</u> above, a certificate of the chief financial officer or the chief accounting officer of the Borrower (i) setting forth in reasonable detail the calculations required to establish whether the Borrower was in compliance with the requirements of <u>Section 5.05</u> on the date of such financial statements and (ii) stating whether any Default exists on the date of such certificate and, if any Default then exists, setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) within five days after any executive officer or financial officer of the Borrower obtains knowledge of any Default, if such Default is then continuing, a certificate of the chief financial officer or the chief accounting officer of the Borrower setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) promptly upon the mailing thereof to the stockholders of the Borrower generally, copies of all financial statements, reports and proxy statements so mailed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration statements on Form S-8 or its equivalent) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which the Borrower shall have filed with the Securities and Exchange Commission;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) if and when any member of the ERISA Group (i) gives or is required to give notice to the PBGC of any "reportable event" (as defined in Section 4043 of ERISA) with respect to any Plan which might reasonably constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives notice of complete or partial withdrawal liability under Title IV of ERISA or notice that any Multiemployer Plan is in reorganization, is insolvent or has been terminated, a copy of such notice; (iii) receives notice from the PBGC under Title IV of ERISA of an intent to terminate, impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a trustee to administer any Plan, a copy of such notice; (iv) applies for a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code, a copy of such application; (v) gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information filed with the PBGC; (vi) gives notice of withdrawal from any Plan pursuant to Section 4063 of ERISA, a copy of such notice; or (vii) fails to make any material payment or contribution to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement or makes any amendment to any Plan or Benefit Arrangement which has resulted or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security, a certificate of the chief financial officer or the chief accounting officer of the Borrower setting forth details as to such occurrence and action, if any, which the Borrower or applicable member of the ERISA Group is required or proposes to take; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) promptly following, and in any event within 10 days of, any change in rating by S&P or Moody's of any Index Debt, notice thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) from time to time such additional information regarding the financial position or business of the Borrower and its Subsidiaries as any Administrative Agent or the Servicing Agent, at the request of any Bank, may reasonably request.

Information required to be delivered pursuant to <u>clause (a)</u>, <u>(b)</u>, <u>(e)</u> or <u>(f)</u> of this Section shall be deemed to have been delivered on the date on which the Borrower publicly posts such information, or the annual or quarterly reports containing such information, on the Borrower's website at <u>https://www.thecloroxcompany.com</u> or such information, or such reports, shall be publicly available on the Securities and Exchange Commission's website at <u>http://www.sec.gov.</u> Any document or notice required to be delivered pursuant to this <u>Section 5.01</u> may also be delivered to the Servicing Agent for posting by the Servicing Agent to an Approved Electronic Platform. Concurrently with such delivery to the Servicing Agent, the Borrower shall indicate in writing whether such document or notice contains Nonpublic Information. The Borrower, each Agent and each Bank acknowledge that certain of the Banks may be "public-side" Banks (*i.e.*, Banks that do not wish to receive material non-public information with respect to the Borrower, its Subsidiaries or their securities) and, if documents or notices required to be delivered pursuant to this <u>Section 5.01</u> or otherwise are being distributed by the Servicing Agent through the Approved Electronic Platform, any document or notice that the Borrower has indicated contains Nonpublic Information shall not be posted on that portion of the Approved Electronic Platform designated for such public-side Banks and shall be treated as confidential as set forth in <u>Section 9.07</u>. If the Borrower has not indicated whether a document or notice delivered pursuant to this <u>Section 5.01</u> contains Nonpublic Information, the Servicing Agent reserves the right to post such document or

notice solely on that portion of the Approved Electronic Platform designated for Banks who wish to receive Nonpublic Information.

Section 5.02 *<u>Maintenance of Property; Insurance</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower will keep, and will cause each Subsidiary to keep, all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted; <u>provided</u> that nothing in this <u>Section 5.02(a)</u> shall prohibit the disposal of any material property if the Borrower in good faith determines that such disposal is in the best interest of the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Borrower or in such Subsidiary's own name) with financially sound and responsible insurance companies, insurance on all their respective material properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business; and will furnish to the Banks, upon request from the Administrative Agents, information presented in reasonable detail as to the insurance so carried.

Section 5.03 *<u>Conduct of Business and Maintenance of Existence</u>*. The Borrower will continue, and will cause each Material Subsidiary to continue, to engage in businesses of the same general types as are now conducted by the Borrower and its Material Subsidiaries, and will preserve, renew and keep in full force and effect, and will cause each Material Subsidiary to preserve, renew and keep in full force and effect, their respective corporate existences and their respective rights, privileges and franchises necessary or desirable in the normal conduct of business; <u>provided</u> that nothing in this <u>Section 5.03</u> shall prohibit (i) the merger of a Material Subsidiary into the Borrower or the merger or consolidation of a Material Subsidiary with or into another Person if, in each case, after giving effect thereto, no Default shall have occurred and be continuing or (ii) the termination of the corporate existence of any Material Subsidiary if the Borrower in good faith determines that such termination is in the best interest of the Borrower.

Section 5.04 *<u>Compliance with Laws</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower will comply, and cause each Subsidiary to comply, in all material respects with all applicable laws, ordinances, rules, regulations and requirements of Governmental Authorities (including, without limitation, Environmental Laws and ERISA and the rules and regulations thereunder), except where (i) the failure to so comply, individually or in the aggregate, could not reasonably be expected to have a material adverse effect on the business, consolidated financial position or consolidated results of operations of the Borrower and its Consolidated Subsidiaries or (ii) the necessity of compliance therewith is contested in good faith by appropriate proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower will maintain in effect and enforce policies and procedures designed to achieve compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (acting in their capacities as such) with Anti-Corruption Laws and applicable Sanctions.

Section 5.05 *<u>Consolidated Interest Coverage Ratio</u>*. The Borrower will not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense for any four consecutive fiscal quarters, commencing with the four fiscal quarters ending March 31, 2026, to be less than 4.0:1.0.

Section 5.06 *<u>Negative Pledge</u>*. Neither the Borrower nor any Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Liens existing on the date of this Agreement securing Debt outstanding on the date of this Agreement in a principal amount not exceeding $1,000,000 individually and not exceeding $10,000,000 in the aggregate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Lien existing on the date of this Agreement listed on Schedule 5.06 and securing Debt outstanding on the date of this Agreement in a principal amount of at least $1,000,000 individually;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Lien existing on any asset of any Person at the time such Person becomes a Subsidiary and not created in contemplation of such event;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Lien on any asset securing Debt incurred or assumed for the purpose of financing all or any part of the cost of acquiring such asset, <u>provided</u> that such Lien attaches to such asset concurrently with or within 90 days after the acquisition thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any Lien on any asset of any Person existing at the time such Person is merged or consolidated with or into the Borrower or a Subsidiary and not created in contemplation of such event;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any Lien existing on any asset prior to the acquisition thereof by the Borrower or a Subsidiary and not created in contemplation of such acquisition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any Lien arising out of the refinancing, extension, renewal or refunding of any Debt secured by any Lien permitted by any of the foregoing clauses of this Section, <u>provided</u> that such Debt is not increased (other than any increase reflecting the costs of such refinancing, extension, renewal or refunding) and is not secured by any additional assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Liens arising in the ordinary course of its business which (i) do not secure Debt or Derivatives Obligations, (ii) do not secure any obligation in an amount exceeding $200,000,000 and (iii) do not in the aggregate materially detract from the value of its assets or materially impair the use thereof in the operation of its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Liens on cash and cash equivalents securing Derivatives Obligations; <u>provided</u> that the aggregate amount of cash and cash equivalents subject to such Liens may at no time exceed $125,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) easements, rights of way, restrictions, encroachments, and other minor defects or irregularities in title, in each case which do not and will not interfere in any material respect with the ordinary conduct of the business of the Borrower or any Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any interest or title of a lessor or sublessor under any lease of real estate permitted hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real property; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Liens not otherwise permitted by the foregoing clauses of this Section securing Debt in an aggregate principal amount at any time outstanding not to exceed $250,000,000.

Section 5.07 *<u>Consolidations, Mergers and Sales of Assets</u>*. The Borrower will not (i) consolidate or merge with or into any other Person unless the Borrower remains the surviving entity following such consolidation or merger, (ii) sell, lease or otherwise transfer all or substantially all of the assets of the Borrower to any other Person (other than to a wholly owned Subsidiary) or (iii) sell, lease or otherwise transfer, directly or indirectly, a substantial part of the assets of the Borrower and its Subsidiaries, taken as a whole, to any other Person if (in the case of this <u>clause (iii)</u>) such sale will result in a material adverse change in the business, financial position, results of operations or prospects of the Borrower and its Subsidiaries, taken as a whole.

Section 5.08 *<u>Use of Proceeds</u>*. The proceeds of the Loans made under this Agreement will be used by the Borrower (i) to finance a portion of the consideration payable under the Acquisition Agreement, (ii) to finance the Acquired Company Debt Repayment, (iii) to pay fees, costs and expenses relating to the Specified Acquisition, this Agreement and any related transactions and (iv) to the extent of the remaining proceeds, for general corporate purposes of the Borrower and its Subsidiaries. None of such proceeds will be used, directly or indirectly, in violation of the Margin Regulations. The Borrower will not request any Borrowing, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

**Article 6**<br> Defaults

Section 6.01 *<u>Events of Default</u>*. If one or more of the following events ("**Events of Default**") shall have occurred and be continuing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Borrower shall fail to pay when due any principal of any Loan, or shall fail to pay within five days of the due date thereof any interest, fees or any other amount payable hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Borrower shall fail to observe or perform any covenant contained in <u>Section 5.01(d)</u>, <u>5.05</u>, <u>5.06</u>, <u>5.07</u> or <u>5.08</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Borrower shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those covered by <u>clause (a)</u> or <u>(b)</u> above) for 30 days after written notice thereof has been given to the Borrower by any Administrative Agent or the Servicing Agent at the request of any Bank;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any representation, warranty, certification or statement made by the Borrower in this Agreement or in any certificate, financial statement or other document delivered pursuant to this Agreement shall prove to have been incorrect in any material respect when made (or deemed made);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Borrower and/or one or more of its Subsidiaries shall fail to make one or more payments in respect of Derivatives Obligations in an aggregate amount exceeding the Materiality Threshold;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any event or condition shall occur which results in the acceleration of Debt of the Borrower and/or one or more of its Subsidiaries in an aggregate amount that exceeds the Materiality Threshold or enables the holder of such Debt or any Person acting on such holder's behalf to accelerate the maturity thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the Borrower or any Material Subsidiary shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) an involuntary case or other proceeding shall be commenced against the Borrower or any Material Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 60 days; or an order for relief shall be entered against the Borrower or any Material Subsidiary under the federal bankruptcy laws as now or hereafter in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (i) any member of the ERISA Group shall fail to pay when due an amount or amounts which it shall have become liable to pay under Title IV of ERISA; (ii) notice of intent to terminate a Material Plan shall be filed under Title IV of ERISA by any member of the ERISA Group, any plan administrator or any combination of the foregoing; (iii) the PBGC shall institute proceedings under Title IV of ERISA to terminate, to impose material liability (other than for premiums under Section 4007 of ERISA) in respect of, or to cause a trustee to be appointed to administer any Material Plan; or (iv) there shall occur a complete or partial withdrawal from, or a

default, within the meaning of Section 4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans; which, in each case of clauses (i) to (iv), could reasonably be expected to cause one or more members of the ERISA Group to incur an obligation that would reasonably be expected to have a material adverse effect on the business, consolidated financial position or consolidated results of operations of the Borrower and its Consolidated Subsidiaries considered as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) a judgment or order for the payment of money in excess of $150,000,000 shall be rendered against the Borrower or any Material Subsidiary and such judgment or order shall continue unsatisfied and unstayed for a period of 60 days, <u>provided</u>, <u>however</u>, that any such judgment or order shall not be an Event of Default under this <u>Section 6.01(j)</u> if and for so long as (i) the amount of such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (ii) such insurer, which shall be rated at least "A" by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or order; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) (x) any person or group of persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under said Act) of 35% or more of the outstanding shares of common stock of the Borrower or (y) during any period of twelve consecutive calendar months, individuals who either were (1) directors of the Borrower on the first day of such period or (2) nominated for election or approved by the board of directors of the Borrower, a majority of whom were directors on the first day of such period or whose election or nomination for election was previously approved by a majority of such directors, shall cease to constitute a majority of the board of directors (excluding vacant seats) of the Borrower;

then, and in every such event, the Servicing Agent shall, if requested by the Required Banks, by notice to the Borrower (i) terminate the Commitments, and they shall thereupon terminate, and/or (ii) declare the Loans (together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder) to be, and the Loans (and all such other obligations) shall thereupon become, immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; <u>provided</u> that in the case of any of the Events of Default specified in <u>clause (g)</u> or <u>(h)</u> above with respect to the Borrower, without any notice to the Borrower or any other act by the Servicing Agent or the Banks, the Commitments shall thereupon terminate and the Loans (together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder) shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

Section 6.02 *<u>Notice of Default</u>*. The Servicing Agent shall give notice to the Borrower under <u>Section 6.01(c)</u> promptly upon being requested to do so by any Bank and shall thereupon notify all the Banks thereof.

**Article 7**<br> The Agents

Section 7.01 *<u>Appointment and Authorization</u>*. Each Bank irrevocably appoints and authorizes the Administrative Agents and the Servicing Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the Notes as are delegated to the Administrative Agents and the Servicing Agent by the terms hereof or thereof, together with all such powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agents and the Banks, and the Borrower shall not have rights under any of such provisions, except as expressly provided in <u>Section 7.06</u>. It is understood and agreed that the use of the term "agent" herein (or any other similar term) with reference to an Administrative Agent or the Servicing Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. The motivations of the Administrative Agents and the Servicing Agent are commercial in nature and not to invest in the general performance or operations of the Borrower and its Subsidiaries.

Section 7.02 *<u>Rights as a Bank</u> .* JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association shall have the same rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not an Agent, and the term "Bank" or "Banks" shall, unless otherwise expressly indicated or unless the context otherwise requires, include JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association in its individual capacity. JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association and their respective Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate of the Borrower as if it were not an Agent hereunder and without any duty to account therefor to the Banks*.*

Section 7.03 *<u>Duties of Agent; Exculpatory Provisions</u>*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The duties of the Administrative Agents and the Servicing Agent hereunder are solely administrative in nature, and no Agent shall have any duties or obligations except those expressly set forth herein. Without limiting the generality of the foregoing, neither the Administrative Agents nor the Servicing Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that an Administrative Agent or the Servicing Agent is required to exercise as directed in writing by the Required Banks (or such other number or percentage of the Banks as shall be necessary, or as it shall believe in good faith shall be necessary, under the circumstances as provided herein); <u>provided</u> that neither the Administrative Agents nor the Servicing Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose it to liability or that is contrary to this Agreement or applicable

law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any debtor relief law or that may effect a forfeiture, modification or termination of property of a Defaulting Bank in violation of any debtor relief law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) shall, except as expressly set forth herein, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Related Parties that is communicated to or obtained by the Person serving as an Administrative Agent or the Servicing Agent or any of its Related Parties in any capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Neither the Administrative Agents nor the Servicing Agent shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Banks (or such other number or percentage of the Banks as shall be necessary, or as it shall believe in good faith shall be necessary, under the circumstances as provided herein) or (ii) in the absence of its own gross negligence or willful misconduct (such absence to be presumed unless otherwise determined by a court of competent jurisdiction by a final and non-appealable judgment). Neither the Administrative Agents nor the Servicing Agent shall be deemed to have knowledge of any Default or the event or events that give or may give rise to any Default unless and until the Borrower or any Bank shall have given notice (stating that it is a "notice of default") to such Agent describing such Default and such event or events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Neither the Administrative Agents nor the Servicing Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty, representation or other information made or supplied in or in connection with this Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith or the adequacy, accuracy and/or completeness of the information contained therein, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the sufficiency, validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in <u>Article 3</u> or elsewhere herein, other than (but subject to the foregoing <u>clause (ii)</u>) to confirm receipt of items (which on their face purport to be such items) expressly required to be delivered to the Administrative Agents. Notwithstanding anything herein to the contrary, none of the Administrative Agents or the Servicing Agent shall have any liability arising from any determination that any Bank is a Defaulting Bank, or the effective date of such status, it being further understood and agreed that no Agent shall not have any obligation to determine whether any Bank is a Defaulting Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Nothing in this Agreement shall require any Administrative Agent, the Servicing Agent or any of its Related Parties to carry out any "know your customer" or other checks in relation to any Person on behalf of any Bank, and each Bank confirms to each Administrative Agent and the Servicing Agent that it is solely responsible for any such checks it is required to carry out and that it may not rely on any statement in relation to such checks made by any Administrative Agent, the Servicing Agent or any of its Related Parties.

Section 7.04 *<u>Reliance by Agent</u>*. Each Administrative Agent and the Servicing Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and

to have been signed, sent or otherwise authenticated by the proper Person. Each Administrative Agent and the Servicing Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Bank, each Administrative Agent and the Servicing Agent may presume that such condition is satisfactory to such Bank unless an officer of such Agent responsible for the transactions contemplated hereby shall have received notice to the contrary from such Bank prior to the date of the making of such Loan such Bank shall not have made available to the Servicing Agent such Bank's ratable portion of such Borrowing. Each Administrative Agent and the Servicing Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

Section 7.05 *<u>Delegation of Duties</u>*. Each Administrative Agent and the Servicing Agent may perform any and all of its duties and exercise its rights and powers hereunder by or through any one or more sub-agents appointed by such Agent. Each Administrative Agent and the Servicing Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. Each such sub-agent and the Related Parties of each Agent and each such sub-agent shall be entitled to the benefits of all provisions of this <u>Article 7</u> and <u>Section 9.03</u> (as though such sub-agents were the "Agent" under this Agreement) as if set forth in full herein with respect thereto.

Section 7.06 *<u>Resignation of Agent</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Servicing Agent may at any time give notice of its resignation to the Banks and the Borrower. Upon receipt of any such notice of resignation, the Required Banks shall have the right, subject to approval by the Borrower so long as no Event of Default has occurred and is continuing (such approval not to be unreasonably withheld or delayed), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Banks and shall have accepted such appointment within 30 days after the retiring Servicing Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Banks) (the "**Resignation Effective Date**"), then the retiring Servicing Agent may (but shall not be obligated to), on behalf of the Banks, appoint a successor Servicing Agent meeting the consent requirements and qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) If the Person serving as Servicing Agent is a Defaulting Bank pursuant to <u>clause (v)</u> of the definition thereof, the Required Banks may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Servicing Agent and, subject to approval by the Borrower so long as no Event of Default has occurred and is continuing (such approval not to be unreasonably withheld or delayed), appoint a successor. If no such successor shall have been so appointed by the Required Banks and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Banks) (the "**Removal Effective Date**"), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If a Person serving as an Administrative Agent is a Defaulting Bank pursuant to <u>clause (v)</u> of the definition thereof, the Required Banks may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as an Administrative Agent and, subject to approval by the Borrower so long as no Event of Default has occurred and is continuing (such approval not to be unreasonably withheld or delayed), appoint a successor. If no such successor shall have been so appointed by the Required Banks and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Banks), then such removal shall nonetheless become effective in accordance with such notice on such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Servicing Agent shall be discharged from its duties and obligations as Servicing Agent hereunder and (ii) except for any indemnity and expense reimbursement payments owed to the retiring or removed Servicing Agent, all payments, communications and determinations provided to be made by, to or through the Servicing Agent shall instead be made by or to each Bank directly, until such time, if any, as a successor Servicing Agent is appointed as provided for above. Upon the acceptance of a successor's appointment as Servicing Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties as Servicing Agent of the retiring or removed Servicing Agent (other than any rights to indemnity and expense reimbursement payments owed to the retiring or removed Servicing Agent), and the retiring or removed Servicing Agent shall be discharged from all of its duties and obligations as Servicing Agent hereunder (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Servicing Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Servicing Agent's resignation or removal hereunder, the provisions of this Article and <u>Section 9.03</u> shall continue in effect for the benefit of such retiring or removed Servicing 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 or removed Servicing Agent was acting as Servicing Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any resignation or removal of the Servicing Agent pursuant to this <u>Section 7.06</u> shall also be deemed to be the resignation or removal of the Person acting as Servicing Agent in its capacity as an Administrative Agent.

Section 7.07 *<u>Non-Reliance on Agent and Other Banks</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Bank represents and warrants that (i) this Agreement sets forth the terms of a commercial lending facility, (ii) in participating as a Bank hereunder, it is engaged in making, acquiring or holding commercial loans, in each case in the ordinary course of business, and not for the purpose of investing in the general performance or operations of the Borrower and its Subsidiaries, or for the purpose of purchasing, acquiring or holding any other type of financial instrument, such as a security (and each Bank agrees not to assert a claim in contravention of the foregoing, such as a claim under the federal or state securities law), (iii) it has, independently and without reliance upon the Servicing Agent, any Administrative Agent or any other Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Bank, and to make, acquire or hold Loans hereunder and (iv) it is sophisticated with respect to

decisions to make, acquire and/or hold commercial loans and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans, is experienced in making, acquiring or holding such commercial loans. Each Bank also acknowledges that it will, independently and without reliance upon the Servicing Agent, any Administrative Agent or any other Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain Nonpublic Information) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement or any related agreement or any document furnished hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Bank, by delivering its signature page to this Agreement on the Effective Date, or delivering its signature page to an Assignment and Assumption or any other document pursuant to which it shall become a Bank hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, this Agreement and each other document required to be delivered to, or be approved by or satisfactory to, the Servicing Agent, the Administrative Agents or the Banks on the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) Each Bank hereby agrees that (x) if the Servicing Agent notifies such Bank that the Servicing Agent has determined in its sole discretion that any funds received by such Bank from the Servicing Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a "**Payment**") were erroneously transmitted to such Bank (whether or not known to such Bank), and demands the return of such Payment (or a portion thereof), such Bank shall promptly, but in no event later than one Business Day thereafter (or such later date as the Servicing Agent may, in its sole discretion, specify in writing), return to the Servicing Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon (except to the extent waived in writing by the Servicing Agent) in respect of each day from and including the date such Payment (or portion thereof) was received by such Bank to the date such amount is repaid to the Servicing Agent at the Overnight Rate, and (y) to the extent permitted by applicable law, such Bank shall not assert, and hereby waives, as to the Servicing Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Servicing Agent for the return of any Payments received, including without limitation any defense based on "discharge for value" or any similar doctrine. A notice of the Servicing Agent to any Bank under this <u>Section 7.07(c)</u> shall be conclusive, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Bank hereby further agrees that if it receives a Payment from the Servicing Agent or any of its Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Servicing Agent (or any of its Affiliates) with respect to such Payment (a "**Payment Notice**") or (y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Bank agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Bank shall promptly notify the Servicing Agent of such occurrence and, upon demand from the Servicing Agent, it shall promptly, but in no event later than one Business Day thereafter (or such later date as the Servicing Agent may, in its sole discretion, specify in writing), return to the Servicing Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds,

together with interest thereon (except to the extent waived in writing by the Servicing Agent) in respect of each day from and including the date such Payment (or portion thereof) was received by such Bank to the date such amount is repaid to the Servicing Agent at the Overnight Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Borrower hereby agrees that (x) in the event an erroneous Payment (or portion thereof) are not recovered from any Bank that has received such Payment (or portion thereof) for any reason, the Servicing Agent shall be subrogated to all the rights of such Bank with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any obligations owed by the Borrower hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Each party's obligations under this <u>Section 7.07(c)</u> shall survive the resignation or replacement of the Servicing Agent or any transfer of rights or obligations by, or the replacement of, a Bank, the termination of the Commitments or the repayment, satisfaction or discharge of all obligations owed by the Borrower hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Bank acknowledges that there may be a constant flow of information (including information which may be subject to confidentiality obligations in favor of the Borrower and its Subsidiaries) between the Borrower and its Affiliates, on the one hand, and JPMorgan Chase Bank, N.A. and its Affiliates, on the other hand. Without limiting the foregoing, the Borrower and its Affiliates may provide information, including updates to previously provided information to JPMorgan Chase Bank, N.A. and its Affiliates acting in different capacities, including as Bank, lead bank, arranger or potential securities investor, independent of the role of JPMorgan Chase Bank, N.A. as an Administrative Agent and the Servicing Agent hereunder. Each Bank acknowledges that neither JPMorgan Chase Bank, N.A. nor its Affiliates shall be under any obligation to provide any of the foregoing information to them. Notwithstanding anything to the contrary set forth herein, except for notices, reports and other documents expressly required to be furnished to the Banks by the Servicing Agent herein, JPMorgan Chase Bank, N.A. shall not have any duty or responsibility to provide, and shall not be liable for the failure to provide, any Bank with any credit or other information concerning the Loans, the Banks, the business, prospects, operations, property, financial and other condition or creditworthiness of the Borrower or any of its Affiliates that is communicated to, obtained by, or in the possession of, JPMorgan Chase Bank, N.A. or any of its Affiliates in any capacity, including any information obtained by any Administrative Agent or the Servicing Agent in the course of communications among such Administrative Agent or the Servicing Agent and the Borrower, any of its Affiliates or any other Person. Notwithstanding the foregoing, any such information may (but shall not be required to) be shared by any Administrative Agent or the Servicing Agent with one or more Banks or any formal or informal committee or ad hoc group of such Banks, including at the direction of the Borrower.

Section 7.08 *<u>No Other Duties, etc.</u>* Anything herein to the contrary notwithstanding, none of the Persons acting as Arrangers shall have any duties or responsibilities under this Agreement, except in its capacity, as applicable, as an Agent or as a Bank hereunder, but all such Persons shall have the benefit of the indemnities, expense reimbursement and exculpatory provisions provided for hereunder.

Section 7.09 *<u>Fees</u>*. The Borrower shall pay to the Servicing Agent for its own account fees in the amounts and at the times previously agreed upon between the Borrower and the Servicing Agent.

Section 7.10 *<u>Bank ERISA Representation</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Bank (x) represents and warrants, as of the date such Person became a Bank party hereto, to, and (y) covenants, from the date such Person became a Bank party hereto to the date such Person ceases being a Bank party hereto, for the benefit of, the Administrative Agents and the Servicing Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such Bank is not using "plan assets" (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments or this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (A) such Bank is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Bank to enter into, participate in, administer and perform the Loans, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Bank, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agents and the Servicing Agent, in their sole discretion, and such Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition, unless either (1) <u>sub-clause (i)</u> in <u>paragraph (a)</u> of this Section is true with respect to a Bank or (2) a Bank has provided another representation, warranty and covenant in accordance with <u>sub-clause (iv)</u> in <u>paragraph (a)</u> of this Section, such Bank further (x) represents and warrants, as of the date such Person became a Bank party hereto, to, and (y) covenants, from the date such Person became a Bank party

hereto to the date such Person ceases being a Bank party hereto, for the benefit of, the Administrative Agents and the Servicing Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that neither any Administrative Agent nor the Servicing Agent is a fiduciary with respect to the assets of such Bank involved in such Bank's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agents or the Servicing Agent under this Agreement or any documents related hereto or thereto).

As used in this Section:

"**Benefit Plan**" means any of (a) an "employee benefit plan" (as defined in ERISA) that is subject to Title I of ERISA, (b) a "plan" as defined in and subject to Section 4975 of the Internal Revenue Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such "employee benefit plan" or "plan".

"**PTE**" means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

Section 7.11 *<u>Posting of Communications</u>*. (a) The Borrower agrees that the Servicing Agent may, but shall not be obligated to, make any Communications available to the Banks by posting the Communications on an Approved Electronic Platform.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Although the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies implemented or modified by the Servicing Agent from time to time (including, as of the Effective Date, a user ID/password authorization system) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Banks and the Borrower acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure, that the Servicing Agent is not responsible for approving or vetting the representatives or contacts of any Bank that are added to the Approved Electronic Platform and that there may be confidentiality and other risks associated with such distribution. Each of the Banks and the Borrower hereby approves distribution of the Communications through the Approved Electronic Platform and understands and assumes the risks of such distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) EACH OF THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED "AS IS" AND "AS AVAILABLE". THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE APPROVED ELECTRONIC PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM OR THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE APPROVED

ELECTRONIC PLATFORM. IN NO EVENT SHALL THE SERVICING AGENT, THE ADMINISTRATIVE AGENTS, THE ARRANGERS OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, THE "<u>AGENT</u> <u>PARTIES</u>") HAVE ANY LIABILITY TO THE BORROWER, ANY BANK OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER'S OR THE SERVICING AGENT'S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Bank agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Bank for purposes of this Agreement. Each Bank agrees (i) to notify the Servicing Agent in writing (which could be in the form of electronic communication) from time to time of such Bank's email address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such email address.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each of the Banks and the Borrower agrees that the Servicing Agent may, but (except as may be required by applicable law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Servicing Agent's generally applicable document retention procedures and policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Nothing herein shall prejudice the right of the Servicing Agent, the Administrative Agents or any Bank to give any notice or other communication pursuant to this Agreement.

**Article 8**<br> Change in Circumstances

Section 8.01 *<u>Alternate Rate of Interest</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section 8.01(b)</u>, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Servicing Agent determines (which determination shall be conclusive absent manifest error), prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Term SOFR Rate (including because the Term SOFR Reference Rate is not available or published on a current basis), for such Interest Period; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Servicing Agent is advised by the Required Banks, prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that the Term SOFR Rate for such Interest Period will not adequately and fairly reflect the cost to such Banks of making or maintaining their included in such Borrowing for such Interest Period;

then the Servicing Agent shall give notice thereof to the Borrower and the Banks (which may be by telephone) as promptly as practicable thereafter and, until (x) the Servicing Agent notifies the Borrower and the Banks that the circumstances giving rise to such notice no longer exist and (y) the Borrower delivers a new Notice of Interest Rate Election in accordance with the terms of

<u>Section 2.08</u> or a new Notice of Borrowing in accordance with the terms of <u>Section 2.02</u>, any Notice of Interest Rate Election that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Term Benchmark Borrowing and any Notice of Borrowing that requests a Term Benchmark Borrowing shall instead be deemed to be a Notice of Interest Rate Election or a new Notice of Borrowing, as applicable, for a Base Rate Borrowing. Furthermore, if any Term Benchmark Loan is outstanding on the date of the Borrower's receipt of the notice from the Servicing Agent referred to in this <u>Section 8.01(a)</u> with respect to Term SOFR Rate, then until (x) the Servicing Agent notifies the Borrower and the Banks that the circumstances giving rise to such notice no longer exist and (y) the Borrower delivers a new Notice of Interest Rate Election in accordance with the terms of <u>Section 2.08</u> or a new Notice of Borrowing in accordance with the terms of <u>Section 2.02</u>, any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a Base Rate Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) Notwithstanding anything to the contrary herein, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with <u>clause (1)</u> of the definition of "Benchmark Replacement" for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement and (y) if a Benchmark Replacement is determined in accordance with <u>clause (2)</u> of the definition of "Benchmark Replacement" for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth Business Day after the date notice of such Benchmark Replacement is provided to the Banks without any amendment to, or further action or consent of any other party to, this Agreement so long as the Servicing Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Banks comprising the Required Banks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding anything to the contrary herein, the Servicing Agent will have the right, in consultation with the Borrower, to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Servicing Agent will promptly notify the Borrower and the Banks of (A) any occurrence of a Benchmark Transition Event, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes, (D) the removal or reinstatement of any tenor of a Benchmark pursuant to <u>clause (iv)</u> below and (E) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Servicing Agent or, if applicable, any Bank (or group of Banks) pursuant to this <u>Section 8.01</u>, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent

from any other party to this Agreement, except, in each case, as expressly required pursuant to this <u>Section 8.01</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Notwithstanding anything to the contrary herein, at any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including the Term SOFR Rate) and either (x) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Servicing Agent in its reasonable discretion or (y) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Servicing Agent may modify the definition of "Interest Period" for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to <u>clause (A)</u> above either (x) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (y) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Servicing Agent may modify the definition of "Interest Period" for all Benchmark settings at or after such time to reinstate such previously removed tenor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Upon the Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a borrowing of, conversion to or continuation of Term Benchmark Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any request for a Term Benchmark Borrowing into a request for a borrowing of or conversion to a Base Rate Borrowing. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Base Rate. Furthermore, if any Term Benchmark Loan is outstanding on the date of the Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period with respect to Term SOFR Rate, then until such time as a Benchmark Replacement is implemented pursuant to this <u>Section 8.01</u>, any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a Base Rate Loan.

Section 8.02 *<u>Reserved</u>*.

Section 8.03 *<u>Increased Cost and Reduced Return</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If on or after the date hereof, the adoption of any applicable law, rule or regulation, or any change therein, or any change in the interpretation or administration thereof by any central bank or other Governmental Authority charged with the interpretation or administration thereof, or compliance by any Bank (or its Applicable Lending Office) with any request or directive (whether or not having the force of law) of any such central bank or other Governmental Authority, shall impose, modify or deem applicable any reserve, compulsory loan, special deposit, insurance assessment or similar requirement (including, without limitation, any such requirement imposed

by the Board) against assets of, deposits with or for the account of, or credit extended by, any Bank (or its Applicable Lending Office) or shall impose on any Bank (or its Applicable Lending Office) any other condition, cost or expense (other than taxes) affecting its Loans or its obligation to make Loans and the result of any of the foregoing is to increase the cost to such Bank (or its Applicable Lending Office) of making, continuing, converting to or maintaining any Loan, or to reduce the amount of any sum received or receivable by such Bank (or its Applicable Lending Office) under this Agreement by an amount deemed by such Bank to be material, then, within 30 days after demand by such Bank (with a copy to the Servicing Agent), the Borrower shall pay to such Bank such additional amount or amounts as will compensate such Bank for such increased cost or reduction; <u>provided</u> that the Borrower shall not be required to compensate a Bank pursuant to this <u>Section 8.03(a)</u> for any increased costs or reductions incurred more than 180 days prior to the date that such Bank notifies the Borrower and the Servicing Agent of the event described in this <u>Section 8.03(a)</u> that gives rise to such increased cost or reduction and of such Bank's intention to claim compensation therefor, and <u>provided further</u> that if the event giving rise to such increased cost or reduction is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Bank shall have determined that, after the date hereof, the adoption of any applicable law, rule or regulation regarding capital adequacy or liquidity requirements, or any change therein, or any change in the interpretation or administration thereof by any central bank or other Governmental Authority charged with the interpretation or administration thereof, or any request or directive regarding capital adequacy or liquidity requirements (whether or not having the force of law) of any such central bank or other Governmental Authority, has or would have the effect of reducing the rate of return on capital of such Bank (or its Parent) as a consequence of such Bank's obligations hereunder to a level below that which such Bank (or its Parent) could have achieved but for such adoption, change, request or directive (taking into consideration its policies with respect to capital adequacy or liquidity) by an amount deemed by such Bank to be material, then from time to time, within 30 days after demand by such Bank (with a copy to the Servicing Agent), the Borrower shall pay to such Bank such additional amount or amounts as will compensate such Bank (or its Parent) for such reduction; <u>provided</u> that the Borrower shall not be required to compensate a Bank pursuant to this <u>Section 8.03(b)</u> for any reductions incurred more than 180 days prior to the date that such Bank so notifies the Borrower and the Servicing Agent of the event described in this <u>Section 8.03(b)</u> that gives rise to such reduction and of such Bank's intention to claim compensation therefor, and <u>provided further</u> that if the event giving rise to such increased cost or reduction is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Bank will promptly notify the Borrower and the Servicing Agent of any event of which it has knowledge, occurring after the date hereof, which will entitle such Bank to compensation pursuant to this <u>Section 8.03</u>. A certificate of any Bank claiming compensation under this Section and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, such Bank may use any reasonable averaging and attribution methods. Any Bank's claim for compensation under this <u>Section 8.03</u> shall certify that the claim for additional amounts referred to therein is generally consistent with such Bank's treatment of similarly situated customers of such Bank whose transactions with such Bank are similarly affected by the change in circumstances giving rise to

such payment, but such Bank shall not be required to disclose any confidential or proprietary information therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the avoidance of doubt, this <u>Section 8.03</u> shall apply to all rules, guidelines or directives concerning capital adequacy or liquidity issued in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act and all rules, guidelines or directives concerning capital adequacy or liquidity promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States financial regulatory authorities, in each case pursuant to Basel III, regardless of the date adopted, issued, promulgated or implemented.

Section 8.04 *<u>Taxes</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any and all payments by the Borrower to or for the account of any Bank or the Servicing Agent hereunder or under any Note shall be made without deduction for any Taxes or Other Taxes; <u>provided</u> that, if the Borrower shall be required by law to deduct any Taxes or Other Taxes from any such payments, (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) such Bank or the Servicing Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions, (iii) the Borrower shall pay the full amount deducted to the relevant taxation authority or other Governmental Authority in accordance with applicable law and (iv) the Borrower shall furnish to the Servicing Agent, at its address referred to in <u>Section 9.01</u>, the original or a certified copy of a receipt evidencing payment thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower agrees to indemnify, without duplication, each Bank and the Servicing Agent for the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section) paid by such Bank or the Servicing Agent (as the case may be) and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto. This indemnification shall be paid within 15 days after such Bank or the Servicing Agent (as the case may be) makes demand therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Bank and successor Servicing Agent that is not a U.S. Person (each, a "**Foreign Bank**"), to the extent it is legally entitled to do so, on or prior to the date of its execution and delivery of this Agreement in the case of each Bank listed on the signature pages hereof and on or prior to the date on which it becomes a Bank in the case of each other Bank and on or prior to the date it becomes the Servicing Agent in the case of the successor Servicing Agent, and from time to time thereafter if requested in writing by the Borrower or the Servicing Agent, shall provide the Borrower and the Servicing Agent with whichever of the following is applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) executed copies of Internal Revenue Service form W-8ECI, W-8BEN or W-8BEN-E, as appropriate, or any successor form prescribed by the Internal Revenue Service, certifying that such Bank or such Servicing Agent is entitled to benefits under an income tax treaty to which the United States is a party which exempts such Bank or such Servicing Agent from United States withholding tax or reduces the rate of withholding tax on payments of interest or other applicable payments to or for the account of such Bank or

such Servicing Agent or certifying that the income receivable pursuant to this Agreement or any Note is effectively connected with the conduct of a trade or business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Foreign Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal Revenue Code, (x) a certificate to the effect that such Foreign Bank is not a "bank" within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a "10 percent shareholder" of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Internal Revenue Code and (y) executed copies of Internal Revenue Service form W-8BEN or W-BEN-E; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to the extent a Foreign Bank is not the beneficial owner, executed copies of Internal Revenue Service form W-8IMY, accompanied by Internal Revenue Service form W-8ECI, Internal Revenue Service form W-8BEN, Internal Revenue Service form W-8BEN-E, Internal Revenue Service form W-9, and/or other certification documents necessary or sufficient to establish a reduction or elimination of withholding tax from the Foreign Bank and each beneficial owner, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If a payment made to a Bank or a successor Servicing Agent hereunder or under any Note would be subject to U.S. federal withholding Tax imposed by FATCA if such Bank or such Servicing Agent were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Bank or such Servicing Agent shall deliver to the Borrower and the Servicing Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Servicing Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrower or the Servicing Agent as may be necessary for the Borrower and the Servicing Agent to comply with their obligations under FATCA and to determine that such Bank or such Servicing Agent has complied with such Bank's or such Servicing Agent's obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this <u>paragraph (d)</u>, "FATCA" shall include any amendments made to FATCA after the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each Bank and the Servicing Agent (or successor Servicing Agent, as applicable) that is a U.S. Person, on or prior to the date of its execution and delivery of this Agreement in the case of each Bank listed on the signature pages hereof and on or prior to the date on which it becomes a Bank in the case of each other Bank and on or prior to the date it becomes the Servicing Agent in the case of a successor Servicing Agent, and from time to time thereafter if requested in writing by the Borrower or the Servicing Agent (but only so long as such Bank or such Servicing Agent remains lawfully able to do so), shall provide the Borrower and the Servicing Agent with a duly executed and properly completed Internal Revenue Service form W-9, or any successor form prescribed by the Internal Revenue Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each Bank and the Servicing Agent (or successor Servicing Agent, as applicable) agree that if any form or certification it previously delivered pursuant to <u>Sections 8.04(c)</u> through <u>(e)</u> expires or becomes obsolete or inaccurate in any respect, it shall update such form or

certification (<u>provided</u> that, in the case of any form or certification that expires or becomes obsolete, such Bank or Servicing Agent, as applicable, shall only update such form upon written request from the Borrower or the Servicing Agent, as applicable) or promptly notify the Borrower and the Servicing Agent in writing of its legal inability to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) For any period with respect to which a Bank or Servicing Agent has failed to comply with its obligations under <u>Sections 8.04(c)</u> through <u>(f)</u>, such Bank or Servicing Agent shall not be entitled to indemnification or compensation under <u>Section 8.04(a)</u> or <u>(b)</u> with respect to Taxes imposed by the United States or any political subdivision thereof; <u>provided</u> that if a Bank, which is otherwise exempt from or subject to a reduced rate of withholding tax, becomes subject to Taxes because of its failure to deliver a form required hereunder, the Borrower shall take such steps as such Bank shall reasonably request to assist such Bank to recover such Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) If any Bank or the Servicing Agent determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes (including by virtue of a credit against other Taxes or Other Taxes) as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this <u>Section 8.04</u>, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower with respect to the Taxes or Other Taxes giving rise to such refund or credit), net of all reasonable out-of-pocket expenses of the Bank or the Servicing Agent and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); <u>provided</u>, that the Borrower, upon the request of such Bank or the Servicing Agent, as applicable, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Bank or the Servicing Agent in the event such Bank or the Servicing Agent is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this <u>paragraph (h)</u>, in no event will the Servicing Agent or any Bank be required to pay any amount to the Borrower pursuant to this <u>paragraph (h)</u> the payment of which would place the Servicing Agent or such Bank in a less favorable net after-Tax position than the Servicing Agent or such Bank would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This <u>paragraph (h)</u> shall not be construed to require the Servicing Agent or any Bank to make available its tax returns (or any other information relating to its taxes that it deems confidential) to Borrower or any other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each party's obligations under this <u>Section 8.04</u> shall survive the resignation or replacement of any Agent or any assignment of rights by, or the replacement of, a Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under this Agreement or any Note.

Section 8.05 *<u>Base Rate Loans Substituted for Affected Term Benchmark Loans</u>*. If any Bank has demanded compensation under <u>Section 8.03</u> with respect to its Term Benchmark Loans, and the Borrower shall, by at least three Business Days' prior notice to such Bank through the Servicing Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist all Loans which would otherwise be made by such Bank as (or continued as or converted to) Term Benchmark Loans shall instead be Base Rate Loans on which interest and principal shall be payable contemporaneously with the related

Term Benchmark Loans of the other Banks. If such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist, the principal amount of each such Base Rate Loan shall be converted into a Term Benchmark Loan on the first day of the next succeeding Interest Period applicable to any related Term Benchmark Loans of the other Banks.

Section 8.06 *<u>Mitigation Obligations; Replacement of Banks</u>*. (a) If any Bank has demanded compensation under <u>Section 8.03</u> or <u>8.04</u>, then such Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to <u>Section 8.03</u> or <u>8.04</u>, as the case may be, in the future and (ii) would not subject such Bank to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Bank. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Bank in connection with any such designation or assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If (x) any Bank has demanded compensation under <u>Section 8.03</u> or <u>8.04</u>, (y) any Bank is a Defaulting Bank or (z) any Bank does not approve any consent, waiver or amendment that (1) requires the approval of all Banks or all affected Banks in accordance with the terms of <u>Section 9.05</u> and (2) has been approved by the Required Banks, then the Borrower may, at its sole expense and effort, upon notice to such Bank and the Servicing Agent, require such Bank to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, <u>Section 9.06</u>), all of its interests, rights (other than its existing rights to payments pursuant to <u>Section 8.03</u> or <u>Section 8.04</u>) and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which assignee may be another Bank, if a Bank accepts such assignment); <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Borrower shall have paid to the Servicing Agent the assignment fee (if any) specified in <u>Section 9.06(b)(iv)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such Bank 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 (including any amounts under <u>Section 2.15</u>) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of any such assignment resulting from a claim for compensation under <u>Section 8.03</u> or payments required to be made pursuant to <u>Section 8.04</u>, such assignment will result in a reduction in such compensation or payments thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such assignment does not conflict with applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) in the case of any assignment resulting from the failure to provide such approval, the applicable assignee shall have consented to the applicable amendment, waiver or consent.

A Bank shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Bank or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

**Article 9**<br> Miscellaneous

Section 9.01 *<u>Notices</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Notices General*. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in <u>paragraph (b)</u> 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 email as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if to the Borrower, at its address at:

The Clorox Company<br> 1221 Broadway<br> Oakland, California 94612<br> Attention: Corporate Treasury<br> Email: <u>corporate.treasury@clorox.com</u>

Address: 1221 Broadway <br> Oakland, California 94612<br> Attention: Chief Legal Officer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if to any Administrative Agent or the Servicing Agent from the Borrower, to the address, email address or telephone number separately provided by such Agent to the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if to any Administrative Agent or the Servicing Agent from any other Bank, to the address, email address or telephone number specified in its Administrative Questionnaire; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if to any Bank, to the address, email address or telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received. Notices delivered through electronic communications, to the extent provided in <u>paragraph (b)</u> below, shall be effective as provided in said <u>paragraph (b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Electronic Communications*. Notices and other communications to the Banks hereunder may be, in addition to email, delivered or furnished by other electronic communication (including the Approved Electronic Platform), <u>provided</u> that the foregoing shall not apply to notices to any Bank pursuant to <u>Article 2</u> if such Bank has notified the Servicing Agent that it is incapable of receiving notices under such Article by such other electronic communication. The Servicing Agent, any Administrative Agent or the Borrower may, in its discretion and in addition

to email, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; <u>provided</u> that approval of such procedures may be limited to particular notices or communications.

Unless the Servicing 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), and (ii) notices or communications posted to an Approved Electronic Platform shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing <u>clause (i)</u>, of notification that such notice or communication is available and identifying the website address therefor; <u>provided</u> that, for both <u>clauses (i)</u> and <u>(ii)</u> above, if such notice, email 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Change of Address, etc.* Any party hereto may change its address, telephone number or email address for notices and other communications hereunder by notice, in the case of any Administrative Agent, the Servicing Agent or the Borrower, to the other parties hereto and, in the case of any Bank, by notice to the Administrative Agents, the Servicing Agent and the Borrower.

Section 9.02 *<u>No Waivers</u>*. No failure or delay by any Agent or Bank in exercising any right, power or privilege hereunder or under any Note shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

Section 9.03 *<u>Expenses, Indemnification; Limitation of Liability</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower shall pay (i) all out-of-pocket expenses of the Agents, including reasonable fees and disbursements of one joint special counsel for the Agents, in connection with the preparation and administration of this Agreement, any waiver or consent hereunder or any amendment hereof or any Default or alleged Default hereunder and (ii) if an Event of Default occurs, all out-of-pocket expenses incurred by each Agent and Bank, including the reasonable fees and disbursements of counsel, in connection with such Event of Default and collection, bankruptcy, insolvency and other enforcement proceedings resulting therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower agrees to indemnify each Agent, Arranger and Bank and their respective Related Parties (each, an "**Indemnitee**") and hold each Indemnitee harmless from and against any and all liabilities, losses, damages, costs and expenses of any kind, including, without limitation, the reasonable fees and disbursements of counsel (which shall be limited, in the case of any one proceeding or series of related proceedings, to the fees, charges and disbursements of one counsel to all Indemnitees (and if reasonably necessary, of one regulatory counsel and one local counsel in any relevant jurisdiction), and solely in the case of an actual or potential conflict of interest notified to the Borrower in writing, of one additional counsel (and if reasonably necessary, of one regulatory counsel and one local counsel in any relevant jurisdiction to all similarly situated Indemnitees)), which may be incurred by or asserted against such Indemnitee in connection with

any investigative, administrative or judicial proceeding (whether or not such Indemnitee shall be designated a party thereto, whether based on contract, tort or any other theory and regardless of whether such proceeding is initiated by a third party or by the Borrower or any of its Affiliates) brought or threatened, relating to or arising out of this Agreement or any Note or any actual or proposed use of proceeds of Loans hereunder; <u>provided</u> that no Indemnitee shall have the right to be indemnified hereunder (i) for such Indemnitee's or any of its Related Parties' own gross negligence or willful misconduct or material breach of this Agreement, in each case, as determined by a court of competent jurisdiction in a final non-appealable judgment, or (ii) in respect of any disputes between or among any Indemnitees other than an Indemnitee in its capacity as, or in fulfilling its role as, an Agent or an Arranger.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the fullest extent permitted by applicable law, (i) the Borrower shall not assert against any Agent, Arranger or Bank or any of their respective Related Parties (each, a "***Bank-Related Person***") and (ii) no Agent, Arranger or Bank shall assert against the Borrower, and each of the foregoing hereby waives, any claim, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof; <u>provided</u> that nothing contained in this sentence shall limit the Borrower's indemnification obligations to the extent such special, indirect, consequential or punitive damages are included in any third party claim in connection with which any Bank-Related Person is entitled to indemnification hereunder. The Borrower shall not assert, and hereby waives, any claim against any Bank-Related Person, on any theory of liability, for any damages arising from the use by others of information or other materials (including any personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet) in connection with this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under paragraph (a) or (b) of this Section to be paid by it to any Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Bank severally agrees to pay to such Agent (or any such sub-agent) or such Related Party, as the case may be, such Bank's pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Bank); <u>provided</u>, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent (or any such sub-agent) in its capacity, or in fulfilling its role as such or against any Related Party of any of the foregoing acting for such Agent (or any such sub-agent) in connection with such capacity. The obligations of the Banks under this paragraph (c) are several and not joint. For purposes of this paragraph, a Bank's "pro rata share" shall be determined based upon its share of the aggregate outstanding Loans or unused Commitments at the time (or most recently outstanding or in effect).

Section 9.04 *<u>Sharing of Set-Offs</u>*. If any Bank shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans resulting in such Bank receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Bank receiving such greater proportion shall (a) notify the Servicing Agent of such fact and

(b) purchase (for cash at face value) participations in the Loans of the other Banks, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Banks ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the provisions of this paragraph shall not be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Bank), or (y) any payment obtained by a Bank as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this paragraph shall apply).

The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Bank acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Bank were a direct creditor of the Borrower in the amount of such participation.

Section 9.05 *<u>Amendments and Waivers</u>*. Except as provided in <u>Section 8.01(b)</u>, any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by the Borrower and by the Required Banks (and, if the rights or duties of any Agent are affected thereby, by it); <u>provided</u> that no such amendment or waiver shall, unless signed by each affected Bank, (i) increase or extend the Commitment of any Bank, or change the currency in which Loans are available thereunder, (ii) reduce the principal of or rate of interest on any Loan or any fees hereunder (with any waiver of the default interest rate not to be considered a reduction of the interest rate or fees) or (iii) postpone the date fixed for any payment of principal of or interest on any Loan or any fees hereunder (or reduce the amount of, waive or excuse any such payment) or for the termination of any Commitment; and <u>provided further</u> that, unless signed by all Banks, no such amendment or waiver shall (x) change the percentage set forth in the definition of Required Banks, or the number of Banks, which shall be required for the Banks or any of them to take any action under this Section or any other provision of this Agreement or (y) change <u>Section 9.04</u> in a manner that would alter the pro rata sharing of payments required thereby or change <u>Section 2.10</u> or <u>2.11</u> in a manner that would alter the requirement that any reduction of the Commitments thereunder be ratable as among the Banks.

Section 9.06 *<u>Successors and Assigns</u>*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Successors and Assigns Generally*. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of all Banks, and no Bank may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in

accordance with the provisions of <u>Sections 9.06(b)</u> and <u>(c)</u>, (ii) by way of participation in accordance with the provisions of <u>Section 9.06(d)</u>, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of <u>Section 9.06(e)</u> (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in <u>Section 9.06(d)</u> and, to the extent expressly contemplated hereby, the Arrangers and the Related Parties of each of the Administrative Agents, the Servicing Agent and the Banks) any legal or equitable right, remedy or claim under or by reason of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Assignments by Banks*. Any Bank may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); <u>provided</u> that any such assignment shall be subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Minimum Amounts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) in the case of an assignment of the entire remaining amount of the assigning Bank's Commitment and/or the Loans at the time owing to it or in the case of an assignment to a Bank or an Affiliate of a Bank, no minimum amount need be assigned; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) in any case not described in <u>Section 9.06(b)(i)(A)</u>, the aggregate amount of the Commitment or the principal outstanding balance of the Loans of the assigning Bank subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Servicing Agent or, if "Trade Date" is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the Servicing Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Proportionate Amounts</u>. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Bank's rights and obligations under this Agreement with respect to the Loan or the Commitment assigned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Required Consents</u>. No consent shall be required for any assignment except to the extent required by <u>Section 9.06(b)(i)(B)</u> and, in addition:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default arising under <u>Section 6.01(a)</u> or <u>6.01(g)</u> has occurred and is continuing at the time of such assignment, (y) any other Event of Default has occurred and has been continuing for at least 45 days as of the time of such assignment or (z) such assignment is to a Bank or an Affiliate of a Bank; <u>provided</u> that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to

the Servicing Agent within five Business Days after having received notice thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the consent of each Administrative Agent and the Servicing Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments to a Person that is not a Bank or an Affiliate of such Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Assignment and Assumption</u>. The parties to each assignment shall execute and deliver to the Servicing Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; <u>provided</u> that the Servicing Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Bank, shall deliver to the Servicing Agent an Administrative Questionnaire.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>No Assignment to Certain Persons</u>. No such assignment shall be made to (A) the Borrower or any of the Borrower's Subsidiaries or other Affiliates or (B) any Defaulting Bank or any of its subsidiaries, or any Person that, upon becoming a Bank hereunder, would constitute any of the foregoing Persons described in this <u>clause (B)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>No Assignment to Natural Persons</u>. No such assignment shall be made to a natural person or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) <u>Certain Additional Payments</u>. In connection with any assignment of rights and obligations of any Defaulting Bank hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Servicing Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, to each of which the applicable assignee and assignor hereby irrevocably consent), to pay and satisfy in full all payment liabilities then owed by such Defaulting Bank to the Servicing Agent and each other Bank hereunder (and interest accrued thereon). Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Bank hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Bank for all purposes of this Agreement until such compliance occurs.

Subject to acceptance and recording thereof by the Servicing Agent pursuant to <u>Section 9.06(c)</u>, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Bank under this Agreement, and the assigning Bank thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Bank's rights and obligations under this Agreement, such Bank shall cease to be a party hereto) but shall continue to be entitled to the benefits of <u>Sections 2.15</u>, <u>8.03</u>, <u>8.04</u> and <u>9.03</u> with respect to facts and circumstances occurring

prior to the effective date of such assignment; <u>provided</u>, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Bank will constitute a waiver or release of any claim of any party hereunder arising from that Bank's having been a Defaulting Bank. Any assignment or transfer by a Bank of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Bank of a participation in such rights and obligations in accordance with <u>Section 9.06(d)</u> and shall be subject to the Participant Register registration requirements set forth therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Register*. The Servicing Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices in the United States a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Banks, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Bank pursuant to the terms hereof from time to time (the "<u>Register</u>"). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Servicing Agent and the Banks shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Bank hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Bank, at any reasonable time and from time to time upon reasonable prior notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Participations*. Any Bank may at any time, without the consent of, or notice to, the Borrower or any Agent, sell participations to any Person (other than (i) a natural person, (ii) a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or (iii) the Borrower or any of the Borrower's Subsidiaries or other Affiliates) (each, a "<u>Participant</u>") in all or a portion of such Bank's rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); <u>provided</u> that (i) such Bank's obligations under this Agreement shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrower, the Agents and Banks shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement. For the avoidance of doubt, each Bank shall be responsible for the indemnity under <u>Section 9.03(c)</u> with respect to any payments made by such Bank to its Participant(s).

Any agreement or instrument pursuant to which a Bank sells such a participation shall provide that such Bank shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; <u>provided</u> that such agreement or instrument may provide that such Bank will not, without the consent of the Participant, agree to any amendment, modification or waiver with respect to the first proviso to <u>Section 9.05</u> that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of <u>Sections 2.15</u>, <u>8.03</u> and <u>8.04</u> (subject to the requirements and limitations therein, including the requirements under <u>Sections 8.04(c)</u> through <u>(f)</u> (it being understood that the documentation required under <u>Sections 8.04(c)</u> through <u>(f)</u> shall be delivered to the participating Bank)) to the same extent as if it were a Bank and had acquired its interest by assignment pursuant to <u>Section 9.06(b)</u>; <u>provided</u> that such Participant (A) agrees to be subject to the provisions of <u>Sections 8.03</u>, <u>8.04</u> and <u>8.06</u> as if it were an assignee under <u>paragraph (b)</u> of this Section; and (B) shall not be entitled to receive any greater payment under <u>Sections 8.03</u> or <u>8.04</u>, with respect to any participation, than its participating Bank would have been entitled to receive, except to the

extent such entitlement to receive a greater payment results from a change in law that occurs after the Participant acquired the applicable participation. To the extent permitted by law, each Participant also shall be entitled to the benefits of <u>Section 9.17</u> as though it were a Bank; <u>provided</u> that such Participant agrees to be subject to <u>Section 9.04</u> as though it were a Bank. Each Bank that sells a participation agrees, at the Borrower's request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of <u>Section 8.06</u> with respect to any Participant. Each Bank that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant's interest in the Loans or other obligations under this Agreement (the "<u>Participant Register</u>"); <u>provided</u> that no Bank shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant's interest in any commitments, loans, letters of credit or its other obligations hereunder) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Bank shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Servicing Agent (in its capacity as Servicing Agent) shall have no responsibility for maintaining a Participant Register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Certain Pledges*. Any Bank may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Bank, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank, and this Section shall not apply to any such pledge or assignment of a security interest; <u>provided</u> that no such pledge or assignment shall release such Bank from any of its obligations hereunder or substitute any such pledgee or assignee for such Bank as a party hereto.

Section 9.07 *<u>Confidentiality</u>*. The Agents and each Bank agree to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates' respective managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as those of this <u>Section 9.07</u>, to (i) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective party (or its managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other representatives) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder, (iii) any rating agency, or (iv) the CUSIP Service Bureau or any similar organization, (g) with the consent of the Borrower or (h) to the extent such

Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Agents, any Bank or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. In addition, the Administrative Agent and the Banks may disclose the existence of this Agreement and information about this Agreement to market data collectors and similar service providers to the lending industry in connection with the administration of this Agreement; <u>provided</u> such information is of the type routinely disclosed to such service providers and does not extend beyond the information disclosed in the Borrower's filings with the Securities Exchange Commission. For purposes of this Section, "**Information**" means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or its business, other than any such information that is available to the Agents or any Bank on a nonconfidential basis prior to disclosure by the Borrower, <u>provided</u> that, in the case of information received from the Borrower after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of 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 Information as such Person would accord to its own confidential information. For the avoidance of doubt, nothing in this <u>Section 9.07</u> shall prohibit any Agent or any Bank from voluntarily disclosing or providing any information within the scope of these confidentiality provisions to any Governmental Authority or self-regulatory organization to the extent that any such prohibition on disclosure set forth in this <u>Section 9.07</u> shall be prohibited by the laws or regulations of, or applicable to, such Governmental Authority or self-regulatory organization.

Section 9.08 *<u>Collateral</u>*. Each of the Banks represents to each Agent and each of the other Banks that it in good faith is not relying upon any "margin stock" (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.

Section 9.09 *<u>Governing Law; Submission to Jurisdiction</u>*. This Agreement and each Note and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement and the transactions contemplated hereby, shall be governed by and construed in accordance with the laws of the State of New York. Each of the parties hereto hereby irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Borrower, any Administrative Agent, the Servicing Agent, any Bank or any Related Party of the foregoing in any way relating to this Agreement or the transactions relating hereto, in any forum other than the courts of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York sitting in New York County, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State or, to the fullest extent permitted by applicable law, in such federal court. Notwithstanding the foregoing sentence, each of the parties hereto agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any action, litigation or proceeding arising out of or relating to this Agreement in any court referred to in this

Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action, litigation or proceeding in any such court. Each party hereto irrevocably consents to service of process in the manner provided for notices in <u>Section 9.01</u>. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law.

Section 9.10 *<u>Counterparts; Integration; Electronic Execution</u>*. (a) This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Delivery of an executed counterpart of a signature page of this Agreement and/or any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to <u>Section 9.01</u>), certificate, request, statement, disclosure or authorization related to this Agreement and/or the transactions contemplated hereby (each, an "**Ancillary Document**") that is an Electronic Signature transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement or such Ancillary Document, as applicable. The words "execution", "signed", "signature", "delivery" and words of like import in or relating to this Agreement and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; <u>provided</u> that nothing herein shall require the Servicing Agent or any Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; <u>provided further</u>, that, without limiting the foregoing, (i) to the extent the Servicing Agent or an Administrative Agent has agreed to accept any Electronic Signature, the Servicing Agent, the Administrative Agents and the Banks shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Borrower without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of the Servicing Agent, any Administrative Agent or any Bank, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, the Borrower hereby (1) agrees that, for all purposes, including, without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Servicing Agent, the Administrative Agents, the Banks and the Borrower, Electronic Signatures transmitted by emailed .pdf or any other electronic means that reproduce an image of an actual executed signature page and/or any electronic images of this Agreement and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (2) agrees that each of the Servicing Agent, the Administrative Agents and the Banks may, at its option, create one or more copies of this Agreement and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person's business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (3) waives any argument, defense or right to contest the legal

effect, validity or enforceability of this Agreement and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement and/or such Ancillary Document, respectively, including with respect to any signature pages thereto, and (4) waives any claim against any Bank-Related Person for any losses, claims, damages or liabilities arising solely from the Servicing Agent's, the Administrative Agents' or any Bank's reliance on or use of Electronic Signatures and/or transmissions by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page, including any losses, claims, damages or liabilities arising as a result of the failure of the Borrower to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature.

Section 9.11 *<u>Survival</u>*. The provisions of <u>Sections 2.15</u>, <u>8.03</u>, <u>8.04</u> and <u>9.03</u> and <u>Article 8</u> shall survive the resignation or replacement of any Agent or any assignment of rights by, or the replacement of, a Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under this Agreement or any Note.

Section 9.12 *<u>WAIVER OF JURY TRIAL</u>*. EACH OF THE BORROWER, THE AGENTS AND THE BANKS HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

Section 9.13 *<u>Headings</u>*. Article and Section headings and the **Table of Contents** used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

Section 9.14 *<u>Severability</u>*. 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 9.15 *<u>Non-Public Information</u>*. (a) Each Bank acknowledges that all information furnished to it pursuant to this Agreement by the Borrower or on its behalf and relating to the Borrower, the Subsidiaries or their businesses may include Nonpublic Information, and confirms that it has developed compliance procedures regarding the use of Nonpublic Information and that it will handle Nonpublic Information in accordance with the procedures and applicable law, including federal, state and foreign securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All such information, including requests for waivers and amendments, furnished by the Borrower, the Servicing Agent or any of the Administrative Agents pursuant to, or in the course of administering, this Agreement will be syndicate-level information, which may contain Nonpublic Information. Accordingly, each Bank represents to the Borrower, the Servicing Agent and the Administrative Agents that it has identified in its Administrative Questionnaire a credit contact who may receive information that may contain Nonpublic Information in accordance with its compliance procedures and applicable law, including federal, state and foreign securities laws.

Section 9.16 *<u>Interest Rate Limitation</u>*. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any extension of credit hereunder, together with all

fees, charges and other amounts which are treated as interest on such extension of credit under applicable law (collectively, the "***Charges***"), shall exceed the maximum lawful rate (the "***Maximum Rate***") which may be contracted for, charged, taken, received or reserved by the Bank that made such extension of credit in accordance with applicable law, the rate of interest payable in respect of such extension of credit hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such extension of credit but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Bank in respect of other extensions of credit or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the NYFRB Rate to the date of repayment, shall have been received by such Bank.

Section 9.17 *<u>Right to Setoff.</u>* If an Event of Default shall have occurred and be continuing, each Bank and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Bank or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Bank, irrespective of whether or not such Bank shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Bank under this Section are in addition to other rights and remedies (including other rights of setoff) which such Bank may have.

Section 9.18 *<u>USA PATRIOT Act</u>*. Each Bank hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Bank to identify the Borrower in accordance with the USA PATRIOT Act and the Beneficial Ownership Regulation.

Section 9.19 *<u>No Fiduciary Duty</u>*. Each Agent, each Bank and their Affiliates (collectively, solely for purposes of this paragraph, the "**Banks**") may have economic interests that conflict with those of the Borrower. The Borrower agrees that nothing in this Agreement or the related documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Banks and the Borrower, its stockholders or its Affiliates. The Borrower acknowledges and agrees that (i) the transactions contemplated by this Agreement and the related documents are arm's-length commercial transactions between the Banks, on the one hand, and the Borrower, on the other, (ii) in connection therewith and with the process leading to such transaction each of the Banks is acting solely as a principal and not the agent or fiduciary of the Borrower, its management, stockholders, creditors or any other Person, (iii) no Bank has assumed an advisory or fiduciary responsibility in favor of the Borrower with respect to the transactions contemplated hereby or the process leading thereto (irrespective of whether any Bank or any of its Affiliates has advised or is currently advising the Borrower on other matters) or any other obligation to the Borrower except the obligations expressly set forth in this Agreement and (iv) the Borrower has consulted its own legal and financial advisors to the extent it deemed appropriate. The Borrower further acknowledges and agrees that it is responsible for making its own independent judgment with respect to such

transactions and the process leading thereto. The Borrower agrees that it will not claim that any Bank has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Borrower, in connection with such transaction or the process leading thereto.

Section 9.20 *<u>Acknowledgement and Consent to Bail-In of Affected Financial Institutions</u>*. Notwithstanding anything to the contrary in this Agreement or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under this Agreement, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-in Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

[*Remainder of Page Intentionally Left Blank*]

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

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| | |
|:---|:---|
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| By: | /s/ Luc Bellet |
| Name: | Luc Bellet |
| Title: | Executive Vice President – Chief Financial Officer |
| By: | /s/ Michael Iracondo |
| Name: | Michael Iracondo |
| Title: | Vice President – Treasurer |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| JPMORGAN CHASE BANK, N.A.,<br> as a Bank, as Servicing Agent and as<br> Administrative Agent | JPMORGAN CHASE BANK, N.A.,<br> as a Bank, as Servicing Agent and as<br> Administrative Agent |
| By: | /s/ Gregory T. Martin |
| Name: | Gregory T. Martin |
| Title: | Executive Director |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| CITIBANK, N.A.,<br> as a Bank and as Administrative Agent | CITIBANK, N.A.,<br> as a Bank and as Administrative Agent |
| By: | /s/ Michael Vondriska |
| Name: | Michael Vondriska |
| Title: | Vice President |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| WELLS FARGO BANK, NATIONAL<br> ASSOCIATION, as a Bank and as <br> Administrative Agent | WELLS FARGO BANK, NATIONAL<br> ASSOCIATION, as a Bank and as <br> Administrative Agent |
| By: | /s/ Michael Day |
| Name: | Michael Day |
| Title: | Vice President |

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| GOLDMAN SACHS BANK USA, as a Bank | GOLDMAN SACHS BANK USA, as a Bank |
| By: | /s/ Thomas Manning |
| Name: | Thomas Manning |
| Title: | Authorized Signatory |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| MORGAN STANLEY BANK, N.A., as a Bank | MORGAN STANLEY BANK, N.A., as a Bank |
| By: | /s/ Gannon McMorrow |
| Name: | Gannon McMorrow |
| Title: | Authorized Signatory |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| Royal Bank of Canada, as a Bank | Royal Bank of Canada, as a Bank |
| By: | /s/ John Flores |
| Name: | John Flores |
| Title: | Authorized Signatory |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| THE BANK OF NOVA SCOTIA, as a Bank | THE BANK OF NOVA SCOTIA, as a Bank |
| By: | /s/ Todd Kennedy |
| Name: | Todd Kennedy |
| Title: | Managing Director |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| U.S. Bank National Association, as a Bank | U.S. Bank National Association, as a Bank |
| By: | /s/ Jeffrey Lyman |
| Name: | Jeffrey Lyman |
| Title: | Vice President |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| Bank of China Limited, Los Angeles Branch, as a Bank | Bank of China Limited, Los Angeles Branch, as a Bank |
| By: | /s/ Liming Xiao |
| Name: | Liming Xiao |
| Title: | SVP & Deputy Branch Manager |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| BMO Bank N.A., as a Bank | BMO Bank N.A., as a Bank |
| By: | /s/ Lora Nedeva |
| Name: | Lora Nedeva |
| Title: | Director |

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[Signature Page to Clorox Term Credit Agreement (2026)]

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| | |
|:---|:---|
| BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT | BANK SIGNATURE PAGE TO<br> THE CLOROX COMPANY<br> TERM CREDIT AGREEMENT |
| Allied Irish Banks, p.l.c., as a Bank | Allied Irish Banks, p.l.c., as a Bank |
| By: | /s/ Darren Hogan |
| Name: | Darren Hogan |
| Title: | Senior Relationship Manager |
| For any institution requiring a second signature block: | For any institution requiring a second signature block: |
| By: | /s/ Martin Kelly |
| Name: | Martin Kelly |
| Title: | Senior Relationship Manager |

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[Signature Page to Clorox Term Credit Agreement (2026)]

PRICING SCHEDULE

The "**Applicable Margin**" for Term Benchmark Loans and Base Rate Loans and the "**Ticking Fee Rate**" for any day are the respective percentages set forth below in the applicable row and column based upon the Status that exists on such day.

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Status** | &nbsp;&nbsp;**Level I** | &nbsp;&nbsp;**Level II** | &nbsp;&nbsp;**Level III** | &nbsp;&nbsp;**Level IV** |
| &nbsp;&nbsp;Applicable Margin for <br> Term Benchmark <br> Loans: | &nbsp;&nbsp;1.000% | &nbsp;&nbsp;1.125% | &nbsp;&nbsp;1.250% | &nbsp;&nbsp;1.500% |
| &nbsp;&nbsp;Applicable Margin for<br> Base Rate Loans: | &nbsp;&nbsp;0.000% | &nbsp;&nbsp;0.125% | &nbsp;&nbsp;0.250% | &nbsp;&nbsp;0.500% |
| &nbsp;&nbsp;Ticking Fee Rate: | &nbsp;&nbsp;0.090% | &nbsp;&nbsp;0.110% | &nbsp;&nbsp;0.150% | &nbsp;&nbsp;0.200% |

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For purposes of this Schedule, the following terms have the following meanings, subject to the concluding paragraphs of this Schedule:

"**Level I Status**" exists at any date if, at such date, the rating of the Index Debt is at least BBB+ by S&P <u>or</u> Baa1 by Moody's.

"**Level II Status**" exists at any date if, at such date, (i) the rating of the Index Debt is at least BBB by S&P <u>or</u> Baa2 by Moody's and (ii) Level I Status does not exist.

"**Level III Status**" exists at any date if, at such date, (i) the rating of the Index Debt is at least BBB- by S&P <u>or</u> Baa3 by Moody's and (ii) neither Level I Status nor Level II Status exists.

"**Level IV Status**" exists at any date if, at such date, no other Status exists.

"**Status**" refers to the determination of which of Level I Status, Level II Status, Level III Status or Level IV Status exists at any date.

For purposes of the foregoing, (i) if either Moody's or S&P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this paragraph), then the applicable Status shall be determined by reference to the remaining effective rating; (ii) if neither Moody's nor S&P shall have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this paragraph), then Level IV Status shall apply; (iii) if the ratings established by Moody's and S&P for the Index Debt shall fall within different Levels, the Applicable Margin and the Ticking Fee Rate shall be based on the higher of the two ratings unless one of the two ratings is two or more Levels lower than the other (with Level IV being lower than Level I), in which case the Applicable Margin and the Ticking Fee Rate shall be determined by reference to the Level next below that of the higher of the two ratings; and (iv) if the ratings established by Moody's and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Moody's or S&P), such change shall be effective as of the third Business Day following the date on which it is first announced by the applicable rating agency. Each change in the Applicable Margin and the Ticking Fee Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system

of Moody's or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Banks shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Margin and the Ticking Fee Rate shall be determined by reference to the rating from such rating agency most recently in effect prior to such change or cessation.

**EXHIBIT A - Note**

NOTE

New York, New York<br> [Date]

For value received, THE CLOROX COMPANY, a Delaware corporation (the "**Borrower**"), promises to pay to __________________________ (the "**Bank**"), for the account of its Applicable Lending Office, the unpaid principal amount of each Loan made by the Bank to the Borrower pursuant to the Credit Agreement referred to below on the maturity date provided for in the Credit Agreement. The Borrower promises to pay interest on the unpaid principal amount of each such Loan on the dates and at the rate or rates provided for in the Credit Agreement. All such payments of principal and interest shall be made in lawful money of the United States in Federal or other immediately available funds to the account of the Servicing Agent, as specified in the Credit Agreement.

All Loans made by the Bank, the Types thereof, the maturity thereof and all repayments of the principal thereof shall be recorded by the Bank and, if the Bank so elects in connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding may be endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; <u>provided</u> that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Credit Agreement.

This note is one of the Notes referred to in the Term Credit Agreement dated as of March 6, 2026 (as the same may be amended from time to time, the "**Credit Agreement**"), among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as Administrative Agents, and JPMorgan Chase Bank, N.A., as Servicing Agent. Terms defined in the Credit Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the prepayment hereof and the acceleration of the maturity hereof.

[SIGNATURE PAGES TO FOLLOW]

A – 1

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| | |
|:---|:---|
| THE CLOROX COMPANY | THE CLOROX COMPANY |
| By: |  |
|  | Name: |
|  | Title: |
| By: |  |
|  | Name: |
|  | Title: |

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A – 2

LOANS AND PAYMENTS OF PRINCIPAL

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Date | &nbsp;&nbsp;Amount of <br> Loan | &nbsp;&nbsp;Type of <br> Loan | &nbsp;&nbsp; Amount of<br> Principal <br> Repaid | &nbsp;&nbsp; Maturity<br> Date | &nbsp;&nbsp; Notation<br> Made By |

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A – 3

**EXHIBIT B - Assignment and Assumption Agreement**

ASSIGNMENT AND ASSUMPTION AGREEMENT

This Assignment and Assumption (this "<u>Assignment and Assumption</u>") is dated as of the Effective Date set forth below and is entered into by and between [the][each]<sup>1</sup> Assignor identified in item 1 below ([the][each, an] "<u>Assignor</u>") and [the][each]<sup>2</sup> Assignee identified in item 2 below ([the][each, an] "<u>Assignee</u>"). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]<sup>3</sup> hereunder are several and not joint.]<sup>4</sup> Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as the same may be amended, the "<u>Credit Agreement</u>"), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Servicing Agent as contemplated below (i) all of [the Assignor's][the respective Assignors'] rights and obligations in [its capacity as a Bank][their respective capacities as Banks] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the credit facility identified below, and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Bank)][the respective Assignors (in their respective capacities as Banks)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] "<u>Assigned Loan Interest</u>"). Each such sale

<sup>1</sup> For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.

<sup>2</sup> For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.

<sup>3</sup> Select as appropriate.

<sup>4</sup> Include bracketed language if there are either multiple Assignors or multiple Assignees.

B – 1

and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

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| | | |
|:---|:---|:---|
| 1. | Assignor[s]: |  |
|  | [Assignor [is] [is not] a Defaulting Bank] | [Assignor [is] [is not] a Defaulting Bank] |
| 2. | Assignee[s]: |  |
|  | [for each Assignee, indicate [Affiliate] of [*identify Bank*]] | [for each Assignee, indicate [Affiliate] of [*identify Bank*]] |
| 3. | Borrower: | The Clorox Company |
| 4. | Administrative Agents: | JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as the Administrative Agents under the Credit Agreement |
| 5. | Servicing Agent: | JPMorgan Chase Bank, N.A., as the Servicing Agent under the Credit Agreement |
| 6. | Credit Agreement: | The Term Credit Agreement dated as of March 6, 2026, among The Clorox Company, the Banks parties thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as Administrative Agents, and JPMorgan Chase Bank, N.A., as Servicing Agent |
| 7. | Assigned Loan Interest[s]: |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Assignor[s]<sup>5</sup> | Assignee[s]<sup>6</sup> | Commitment<br> Assigned | Aggregate Amount of<br> Commitment/Loans for<br> all Banks<sup>7</sup> | Percentage Assigned<br> of Commitment/<br> Loans<sup>8</sup> | CUSIP<br> Number |
|  |  |  | $| $% |  |
|  |  |  | $| $% |  |
|  |  |  | $| $% |  |

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<sup>5</sup> List each Assignor, as appropriate.

<sup>6</sup> List each Assignee, as appropriate.

<sup>7</sup> Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

<sup>8</sup> Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Banks thereunder.

B – 2

[8. Trade Date:   ]<sup>9</sup>

Effective Date: _____________ ___, 20___ [TO BE INSERTED BY SERVICING AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

<sup>9</sup> To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

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The terms set forth in this Assignment and Assumption are hereby agreed to:

<u>ASSIGNOR[S]</u> <br> [NAME OF ASSIGNOR]

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[NAME OF ASSIGNOR]

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<u>ASSIGNEE[S]</u> <br> [NAME OF ASSIGNEE]

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[NAME OF ASSIGNEE]

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[Consented to and]<sup>10</sup> Accepted:

[NAME OF ADMINISTRATIVE AGENT], as

Administrative Agent

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[Consented to and]<sup>11</sup> Accepted:

JPMORGAN CHASE BANK, N.A., as

Administrative Agent

<sup>10</sup> To be added only if the consent of each Administrative Agent is required by the terms of the Credit Agreement.

<sup>11</sup> To be added only if the consent of the Servicing Agent is required by the terms of the Credit Agreement.

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[Consented to:]<sup>12</sup> <br>THE CLOROX COMPANY

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<sup>12</sup> To be added only if the consent of the Borrower is required by the terms of the Credit Agreement.

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ANNEX 1

STANDARD TERMS AND CONDITIONS FOR<br> ASSIGNMENT AND ASSUMPTION

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Representations and Warranties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Assignor[s]</u>. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Loan Interest, (ii) [the][such] Assigned Loan Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Bank; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, except its representations and warranties set forth herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of the Credit Agreement, or (iv) any requirements under applicable law for [the][such] Assignee to become a Bank under the Credit Agreement or to charge interest at the rate set forth therein from time to time or (v) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Assignee[s]</u>. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Bank under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Sections 9.06(b)(v) and 9.06(b)(vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 9.06(b)(iii) of the Credit Agreement) and otherwise satisfies the requirements, if any, specified in the Credit Agreement and under applicable law that are required to be satisfied by it in order to acquire the Assigned Loan Interest and become a Bank, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Bank thereunder and, to the extent of [the][the relevant] Assigned Loan Interest, shall have the obligations of a Bank thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Loan Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Loan Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01 thereof and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Loan Interest, (vi) it has, independently and without reliance upon any Administrative Agent, the Servicing Agent, any other Bank or any of their respective Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Loan Interest, and (vii) if it is organized under the laws of a jurisdiction outside of the United States, attached to this Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and

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executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance on any Administrative Agent, the Servicing Agent, [the][any] Assignor, any other Bank or any of their respective Related Parties, 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, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Bank. Without limiting the foregoing, [the][each] Assignee represents and warrants, and agrees to, each of the matters set forth in Section 7.07 of the Credit Agreement, including that the Credit Agreement sets out the terms of a commercial lending facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Payments</u>. From and after the Effective Date, the Servicing Agent shall make all payments in respect of [the][each] Assigned Loan Interest (including payments of principal, interest, fees and other amounts) to the Assignor[s] for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>General Provisions</u>. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Subject to Section 9.10(b) of the Credit Agreement, acceptance and adoption of the terms of this Assignment and Assumption by [the][the relevant] Assignee and the Assignor[s] by an Electronic Signature or delivery of an executed counterpart of a signature page of this Assignment and Assumption by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page shall be as effective as delivery of a manually executed counterpart of this Assignment and Assumption and the provisions of Section 9.10 of the Credit Agreement are herein incorporated by reference *mutatis mutandis*. This Assignment and Assumption, and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Assignment and Assumptions and the transactions contemplated hereby, shall be covered by, and construed in accordance with the laws of the State of New York.

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**EXHIBIT C – Solvency Certificate**

SOLVENCY CERTIFICATE

[●], 2026

Reference is made to the Term Credit Agreement, dated as of March 6, 2026 (as amended, amended and restated, supplemented or otherwise modified from time to time, the "<u>Credit Agreement</u>"), among The Clorox Company, the Banks party thereto, JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, National Association, as administrative agents, and JPMorgan Chase Bank, N.A., as servicing agent. Unless otherwise defined herein, capitalized terms used in this Certificate shall have the meanings set forth in the Credit Agreement.

I, the undersigned, solely in my capacity as the Chief Financial Officer of the Borrower, and not in my individual capacity, pursuant to Section 3.02(f) of the Credit Agreement, do hereby certify that, on the date hereof after giving effect to the Specified Acquisition, the incurrence of the Loans under the Credit Agreement and the transactions related thereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the fair value of the property of the Borrower and its Subsidiaries (taken as a whole) is greater than the total amount of liabilities, including contingent liabilities, of the Borrower and its Subsidiaries (taken as a whole) (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the present fair salable value of the assets of the Borrower and its Subsidiaries (taken as a whole) is not less than the amount that will be required to pay the probable liability of the Borrower and its Subsidiaries (taken as a whole) on their debts as they become absolute and matured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Borrower and its Subsidiaries do not intend to, and do not believe that they will, incur Debts or liabilities beyond their ability to pay such Debts and liabilities as they become absolute and matured; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Borrower and its Subsidiaries are not engaged in any business, as conducted on the Funding Date and as proposed to be conducted following the date hereof, for which the property of the Borrower and its Subsidiaries (taken as a whole) would constitute an unreasonably small capital.

*[Signature page follows]*

C – 1

IN WITNESS WHEREOF, I have delivered this Certificate as of the date first set forth above.

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| THE CLOROX COMPANY | THE CLOROX COMPANY |
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C – 2