Document:

EX-10.3

 Exhibit 10.3 

LEASE AGREEMENT 
 Dated as of
December 17, 2013 
 Between 

DC-7337 Trade Street LLC, as Lessor 

and 
 AT&T Services, Inc.,

 as Lessee 
 and 

AT&T Teleholdings, Inc., a 

Delaware corporation, as Guarantor 
  

 
 7337 Trade
Street, San Diego, California 
 The mailing, delivery or negotiation of this Lease by Lessee or its agent or attorney shall not be deemed an offer by
Lessee to enter into this Lease or to enter into any other relationship with Lessor, whether on the terms contained herein or on any other terms. This Lease shall not be binding upon Lessee, and Lessee shall not have any obligations or liabilities
or Lessor any rights with respect thereto, or with respect to the Property, unless and until Lessee has executed and delivered this Lease. Until such execution and delivery of this Lease, Lessee may terminate all negotiation and discussion of the
subject matter hereof, without cause and for any reason, without recourse or liability. 

							
	 ARTICLE 1.      DEFINITIONS
	  	 	1	  
			
	 Section 1.1.
	 	 Definitions
	  	 	1	  
		
	 ARTICLE 2.      LEASE OF PROPERTY
	  	 	1	  
			
	 Section 2.1.
	 	 Demise and Lease
	  	 	1	  
		
	 ARTICLE 3.      RENT
	  	 	3	  
			
	 Section 3.1.
	 	 Base Rent
	  	 	3	  
			
	 Section 3.2.
	 	 Supplemental Rent
	  	 	3	  
			
	 Section 3.3.
	 	 Method of Payment
	  	 	3	  
			
	 Section 3.4.
	 	 Late Payment
	  	 	3	  
			
	 Section 3.5.
	 	 No Setoff
	  	 	3	  
			
	 Section 3.6.
	 	 True Lease
	  	 	3	  
		
	 ARTICLE 4.      RIGHT OF FIRST OPPORTUNITY
	  	 	4	  
			
	 Section 4.1.
	 	 Right of First Opportunity
	  	 	4	  
			
	 Section 4.2.
	 	 Non-Applicability of Section 4.1
	  	 	4	  
			
	 Section 4.3.
	 	 Miscellaneous
	  	 	5	  
		
	 ARTICLE 5.      RENEWAL OPTIONS
	  	 	5	  
			
	 Section 5.1.
	 	 Renewal
	  	 	5	  
			
	 Section 5.2.
	 	 Lease Provisions Applicable During Renewal
	  	 	6	  
		
	 ARTICLE 6.      ENFORCEMENT OF WARRANTIES
	  	 	6	  
			
	 Section 6.1.
	 	 Assignment of Warranties
	  	 	6	  
		
	 ARTICLE 7.      LIENS
	  	 	7	  
			
	 Section 7.1.
	 	 Liens
	  	 	7	  
		
	 ARTICLE 8.      USE, MAINTENANCE, CAPITAL REPAIR, ETC.
	  	 	7	  
			
	 Section 8.1.
	 	 Use
	  	 	7	  
			
	 Section 8.2.
	 	 Maintenance and Repair
	  	 	7	  
			
	 Section 8.3.
	 	 Property Assessment Reports
	  	 	9	  
			
	 Section 8.4.
	 	 Alterations
	  	 	9	  
			
	 Section 8.5.
	 	 Compliance with Law; Environmental Compliance
	  	 	11	  
			
	 Section 8.6.
	 	 Payment of Impositions
	  	 	12	  
			
	 Section 8.7.
	 	 Adjustment of Impositions
	  	 	12	  
			
	 Section 8.8.
	 	 Utility Charges
	  	 	13	  
			
	 Section 8.9.
	 	 Litigation; Zoning; Joint Assessment
	  	 	13	  

  
 - i - 

							
	 ARTICLE 9.      INSURANCE
	  	 	14	  
			
	 Section 9.1.
	 	 Coverage
	  	 	14	  
			
	 Section 9.2
	 	 Self Insure
	  	 	15	  
		
	 ARTICLE 10.    RETURN OF PROPERTY TO LESSOR
	  	 	16	  
			
	 Section 10.1.
	 	 Return of Property to Lessor
	  	 	16	  
		
	 ARTICLE 11.    ASSIGNMENT BY LESSEE
	  	 	17	  
			
	 Section 11.1.
	 	 Assignment by Lessee
	  	 	17	  
			
	 Section 11.2
	 	 Use by Other Persons
	  	 	17	  
			
	 Section 11.3
	 	 Notice to Lessor
	  	 	17	  
			
	 Section 11.4
	 	 Prohibited Assignments/Subleases
	  	 	17	  
			
	 Section 11.5
	 	 Lessor’s Right to Collect Sublease Rents upon Lease Event of Default
	  	 	17	  
			
	 Section 11.6
	 	 Sale of Property
	  	 	17	  
		
	 ARTICLE 12.    LOSS; DESTRUCTION; CONDEMNATION OR DAMAGE
	  	 	18	  
			
	 Section 12.1.
	 	 Destruction of the Building
	  	 	18	  
			
	 Section 12.2.
	 	 Lessee’s Right to Terminate
	  	 	19	  
			
	 Section 12.3.
	 	 Condemnation
	  	 	20	  
		
	 ARTICLE 13.    REDUCTION OF RENT
	  	 	21	  
			
	 Section 13.1.
	 	 Reduction of Rent
	  	 	21	  
		
	 ARTICLE 14.    SUBLEASE
	  	 	22	  
			
	 Section 14.1.
	 	 Subleasing Permitted; Lessee Remains Obligated
	  	 	22	  
			
	 Section 14.2.
	 	 Service Providers
	  	 	22	  
		
	 ARTICLE 15.    INSPECTION
	  	 	22	  
			
	 Section 15.1.
	 	 Inspection
	  	 	22	  
		
	 ARTICLE 16.    LEASE EVENTS OF DEFAULT
	  	 	23	  
			
	 Section 16.1.
	 	 Lease Events of Default
	  	 	23	  
		
	 ARTICLE 17.    ENFORCEMENT
	  	 	25	  
			
	 Section 17.1.
	 	 Lessor Remedies
	  	 	25	  
			
	 Section 17.2.
	 	 Survival of Lessee’s Obligations
	  	 	26	  
			
	 Section 17.3.
	 	 Remedies Cumulative; No Waiver; Consents; Mitigation of Damages
	  	 	27	  

  
 - ii - 

							
	 ARTICLE 18.    RIGHTS TO PERFORM FOR LESSEE AND LESSOR
	  	 	27	  
			
	 Section 18.1.
	 	 Lessor’s Right to Perform for Lessee
	  	 	27	  
			
	 Section 18.2.
	 	 Lessee’s Right to Perform for Lessor
	  	 	28	  
		
	 ARTICLE 19.    INDEMNITIES
	  	 	28	  
			
	 Section 19.1.
	 	 General Indemnification
	  	 	28	  
			
	 Section 19.2.
	 	 No Third Party Environmental Indemnification
	  	 	29	  
			
	 Section 19.3.
	 	 Drainage Easement Indemnification
	  	 	29	  
		
	 ARTICLE 20.    LESSEE REPRESENTATIONS AND COVENANTS
	  	 	30	  
			
	 Section 20.1.
	 	 Representations and Warranties
	  	 	30	  
		
	 ARTICLE 21.    [INTENTIONALLY DELETED]
	  	 	31	  
		
	 ARTICLE 22.    BROKERAGE
	  	 	31	  
			
	 Section 22.1
	 	 Brokers
	  	 	31	  
		
	 ARTICLE 23.    TRANSFER OF LESSOR’S INTEREST
	  	 	31	  
			
	 Section 23.1.
	 	 Permitted Transfer
	  	 	31	  
			
	 Section 23.2.
	 	 Effects of Transfer
	  	 	31	  
		
	 ARTICLE 24.    PERMITTED FINANCING
	  	 	32	  
			
	 Section 24.1.
	 	 Financing During Lease Term
	  	 	32	  
			
	 Section 24.2.
	 	 Lessee’s Consent to Assignment for Indebtedness
	  	 	32	  
		
	 ARTICLE 25.    MISCELLANEOUS
	  	 	32	  
			
	 Section 25.1.
	 	 Binding Effect; Successors and Assigns; Survival
	  	 	32	  
			
	 Section 25.2.
	 	 Quiet Enjoyment
	  	 	33	  
			
	 Section 25.3.
	 	 Notices
	  	 	33	  
			
	 Section 25.4.
	 	 Severability
	  	 	33	  
			
	 Section 25.5.
	 	 Amendments, Complete Agreements
	  	 	33	  
			
	 Section 25.6.
	 	 Headings
	  	 	34	  
			
	 Section 25.7.
	 	 Counterparts
	  	 	34	  
			
	 Section 25.8.
	 	 Governing Law
	  	 	34	  
			
	 Section 25.9.
	 	 Memorandum
	  	 	34	  
			
	 Section 25.10.
	 	 Estoppel Certificates
	  	 	34	  
			
	 Section 25.11.
	 	 Lessee Easements
	  	 	34	  
			
	 Section 25.12.
	 	 No Joint Venture
	  	 	35	  
			
	 Section 25.13.
	 	 No Accord and Satisfaction
	  	 	35	  

  
 Appendix 

							
	 Section 25.14.
	 	 No Merger
	  	 	35	  
			
	 Section 25.15.
	 	 Lessor Bankruptcy
	  	 	36	  
			
	 Section 25.16.
	 	 Naming and Signage of the Property
	  	 	36	  
			
	 Section 25.17.
	 	 Expenses
	  	 	36	  
			
	 Section 25.18.
	 	 Additional Parking
	  	 	37	  
			
	 Section 25.19.
	 	 Further Assurances
	  	 	37	  
			
	 Section 25.20.
	 	 OFAC Representation
	  	 	37	  
			
	 Section 25.21.
	 	 REIT Status
	  	 	37	  
			
	 Section 25.22.
	 	 Lessor Exculpation
	  	 	38	  
			
	 Section 25.23.
	 	 Remedies Cumulative
	  	 	38	  
			
	 Section 25.24.
	 	 Holding Over
	  	 	38	  
			
	 Section 25.25.
	 	 Survival
	  	 	38	  
			
	 Section 25.26.
	 	 Financial Statements
	  	 	39	  
			
	 Section 25.27.
	 	 Relationship of Lease and Mortgage
	  	 	39	  
			
	 Section 25.28.
	 	 Lessor Representations
	  	 	39	  
			
	 Section 25.29
	 	 Rooftop Rights
	  	 	39	  
			
	 Section 25.30
	 	 Authorized Representative
	  	 	41	  
			
	 Section 25.31
	 	 Confidentiality
	  	 	41	  
			
	 Section 25.32
	 	 Guaranty
	  	 	42	  
		
	 ARTICLE 26.    FORCE MAJEURE
	  	 	42	  
			
	 Section 26.1
	 	 Force Majeure
	  	 	42	  
		
	 ARTICLE 27.    DISPUTE RESOLUTION
	  	 	42	  
			
	 Section 27.1
	 	 Negotiation
	  	 	42	  

  

			
	Appendix A	 	Definitions
	Schedule 3.1	 	Rent Schedule
	Schedule 9.1	 	Insurance Requirements
	Exhibit A	 	Legal Description of Property
	Exhibit B	 	Memorandum of Lease
	Exhibit C	 	Form of Estoppel Agreement
	Exhibit D	 	Form of Subordination, Nondisturbance and Attornment Agreement
	Exhibit E	 	Property Condition Report
	Exhibit F	 	Guaranty
	Exhibit G	 	Repair Items per Section 8.2

  
 Appendix 

 This LEASE AGREEMENT (this “Lease”) is made and entered into as of
December     , 2013 by and between DC-7337 Trade Street LLC, a Delaware limited liability company, as Lessor (“Lessor”), and AT&T Services, Inc., a Delaware corporation, as Lessee
(“Lessee”). 
 RECITALS 

Lessor desires to lease to Lessee and Lessee desires to lease from Lessor the Property, (as more specifically defined in the Definitions set
forth in Appendix A as the “Property”) upon the terms and conditions set forth in this Lease; and 
 In connection
therewith, Lessor desires to grant and delegate to Lessee, and Lessee desires to accept and assume from Lessor, all of the rights, duties and obligations associated with the ownership, maintenance, repair and replacement of the Property, as further
described in this Lease. 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows. 

TERMS 
 ARTICLE 1. 

DEFINITIONS 

Section 1.1. Definitions. All capitalized terms used but not otherwise defined herein shall have the meanings set forth in
Appendix A attached hereto and made a part hereof. 
 ARTICLE 2. 

LEASE OF PROPERTY 

Section 2.1. Demise and Lease. (a) Lessor hereby demises and leases the Property to Lessee, and Lessee does hereby rent and
lease the Property from Lessor, for the Base Term. The Building at the Property consists of approximately Four Hundred Ninety Nine Thousand Four Hundred and Two (499,402) rentable square feet, situated on approximately Sixteen and 86/100
(16.86) acres. 
 (b) Lessee may from time to time own or hold under lease or license from Persons other than Lessor, Lessee’s
Equipment and Personalty, located on or about the Property, which shall not be subject to this Lease. Lessor shall from time to time, upon the reasonable request of Lessee, promptly acknowledge in writing to Lessee or other Persons that Lessor does
not own or, except as provided in Article 10, have any other right or interest in or to such furniture, equipment and personal property, including Lessee’s Equipment and Personalty, whether now owned or hereafter acquired, and Lessor hereby
waives any such right, title or interest. In addition, the Bloom Cells and Solar Panels at the Property under license with Pacific Bell, as assigned to Lessee upon sale of the Property to Lessor, shall be assigned by Lessee to Lessor at the
termination of this Lease, or if Lessor desires, terminated as the same pertain to the Property. 

 Section 2.2 Net Lease; Non-Terminable. (a) This is a net lease and Base Rent,
Supplemental Rent and all other sums payable hereunder by Lessee shall be paid, except as otherwise expressly set forth in this Lease, without notice, demand, setoff, counterclaim, recoupment, abatement, suspension, deferment, diminution, deduction,
reduction or defense. 
 (b) Except as otherwise expressly provided in this Lease, this Lease shall not terminate, and Lessee shall not have
any right to terminate this Lease, during the Term. This Lease is the absolute and unconditional obligation of Lessee. Lessee shall not be entitled to any setoff right, any Lien against Lessor or its property, or except as otherwise provided herein,
any counterclaim, recoupment, abatement, suspension, deferment, diminution, deduction, reduction or defense of or to Base Rent, Supplemental Rent or any other sums payable under this Lease. Lessee hereby waives all rights which are not expressly
stated in this Lease but which may now or hereafter otherwise be conferred by law (i) to quit, terminate or surrender this Lease or any of the Property, (ii) to any setoff, counterclaim (except to the extent a mandatory counterclaim for
damages, injunctive or other similar equitable relief as set forth below), recoupment, abatement, suspension, deferment, diminution, deduction, reduction or defense (provided that Lessee shall not be deemed to have waived any defense in the context
of litigation commenced by Lessor) of or to Base Rent, Supplemental Rent or any other sums payable under this Lease, except as otherwise expressly provided in this Lease, and (iii) for any statutory Lien or offset right against Lessor or its
property. This waiver by Lessee of any such rights shall not be a waiver of its right to seek damages, injunctive or other equitable relief by commencing litigation against Lessor and to recover such damages as provided under Applicable Law. The
obligations of Lessee to pay Base Rent and Supplemental Rent under this Lease shall not be affected by any interference with Lessee’s use of any of the Property for any reason, including but not limited to the following: (i) any damage to
or destruction of any of the Property by any cause whatsoever, (ii) any Condemnation, (iii) the prohibition, limitation or restriction of use of the Property except to the extent the use is not a Permitted Use of any of the Property unless
intentionally and directly caused by Lessor, other than by its due exercise of its rights under this Lease, (iv) any eviction by paramount title or otherwise (not constituting an intentional and direct breach by Lessor of this Lease,
(v) any default on the part of Lessor under this Lease or under any other agreement, (vi) any latent or other defect in, or any theft or loss of any of, the Property, (vii) the breach of any warranty of any seller or manufacturer of
any of the fixtures within the Building, or (viii) any other cause, whether similar or dissimilar to the foregoing, any Applicable Law to the contrary notwithstanding, other than on account of an intentional and direct breach by Lessor of this
Lease. It is the intention of the parties hereto that the obligations of Lessee under this Lease shall be separate and independent covenants and agreements, and that Base Rent and Supplemental Rent shall continue to be payable in all events and that
the obligations of Lessee under this Lease shall continue unaffected, unless this Lease shall have been terminated pursuant to an express provision of this Lease. 

(c) Lessee agrees that it shall remain obligated under this Lease in accordance with its provisions and that Lessee shall not take any action
to terminate, rescind or avoid this Lease, notwithstanding (i) the bankruptcy, insolvency, reorganization, composition, readjustment, liquidation, dissolution, winding-up or other proceeding affecting Lessor, (ii) the exercise of any
remedy, including foreclosure, under any mortgage affecting the Property, or (iii) any action with respect to this Lease (including the disaffirmance hereof) which may be taken by Lessor under the Federal Bankruptcy Code or by any trustee,
receiver or liquidator of Lessor or by any court under the Federal Bankruptcy Code or otherwise. 

  
 2 

 ARTICLE 3. 

RENT 
 Section 3.1. Base
Rent. Lessee shall pay to Lessor Base Rent on each Rent Payment Date during the Base Term in the amount set forth on Schedule 3.1 attached hereto and incorporated herein. Each installment of Base Rent is payable monthly in advance. 

Section 3.2. Supplemental Rent. Lessee shall pay to Lessor, or to such other Person as shall be entitled thereto in the manner
contemplated herein or as otherwise required by Lessor, any and all Supplemental Rent as the same shall become due and payable. In the event of Lessee’s failure to pay when due and payable any Supplemental Rent, Lessor shall have all rights,
powers and remedies provided for herein. 
 Section 3.3. Method of Payment. All Base Rent shall be paid to Lessor, or to such
other account in the continental United States as Lessor may from time to time designate (on at least twenty (20) Business Days’ prior written notice) to Lessee. Lessee shall make each payment of Base Rent by wire or other transfer of
immediately available funds consisting of lawful currency of the United States of America. 
 Section 3.4. Late Payment. If,
during any Lease Year, Lessee shall make any payment of Base Rent more than ten (10) days after such payment is due under Section 3.3, Lessor shall notify Lessee in writing that such payment is late and Lessee shall pay interest on such
late payments from the due date of such payments to the date of receipt of such payments by Lessor at a rate per annum equal to the Default Rate, provided that if Lessor shall fail to notify Lessee of any such late payment within three
(3) months after the due date thereof, Lessee shall not be obligated to pay interest on such late payment. 
 Section 3.5. No
Setoff. It is agreed and intended that, except as otherwise specifically provided in this Lease, Base Rent, Supplemental Rent and any other amounts payable hereunder by Lessee shall be paid without notice, demand or setoff. 

Section 3.6. True Lease. It is the intent of Lessor and Lessee and the parties agree that this Lease is an absolute true net net
net lease (commonly referred to as a “bond” lease) and that this Lease does not represent a financing agreement, capital lease or other financing or trust arrangement, and the economic realities of this Lease are those of a true lease.
Each party shall reflect the transaction represented hereby in all applicable books, records and reports (including income tax filings and financial reports) in a manner consistent with “true lease” treatment rather than
“financing” treatment. 
 For purposes of clarity, the parties confirm that during the Lease term, as extended, no license or
other fees shall be payable by Lessee (or its Affiliates or Assigns) to Lessor with respect to Lessee’s ownership and/or operation of any part of the Property as a data center, nor as to access or use of any of the mechanical, electrical or
plumbing building systems which are a part of the Property, except as are expressly stated in this Lease. 

  
 3 

 ARTICLE 4. 

RIGHT OF FIRST OPPORTUNITY 

Section 4.1. Right of First Opportunity. (a) Subject to the terms of this Article 4, Lessee shall have a right of first
offer as described in this Article 4 with respect to any sale of the Property or a portion thereof. If Lessor or any controlling members, shareholders or partners of Lessor or its Affiliates (the “Offeror”), determines that it desires to
sell the Property or portion thereof (other than to an Affiliate of such Offeror), then it shall first offer the same to Lessee by delivering to Lessee a notice (constituting an offer) stating the sales price and all other material terms for the
sale of the Property or other interest that Offeror would accept (the “First Offer Notice”). Lessee shall have twenty (20) days from its receipt of the First Offer Notice to accept the offer set forth in the First Offer Notice (the
“Terms”). For purposes hereof, the twenty (20) day period is referred to as the “Applicable Period”. A First Offer Notice may be accepted by Lessee or its designee. The Offeror shall not be permitted to revoke the First
Offer Notice during the Applicable Period, but the First Offer Notice shall be deemed to be revoked during the Applicable Period if Offeror and Lessee or Lessee’s designee enter into a purchase agreement with a purchase price or other economic
terms which are materially different than the Terms. The Terms may be rejected by Lessee at any time. 
 (b) If Lessee desires to accept the
Terms for the Property, Lessee must accept the Terms within the Applicable Period, whereupon the Lessee shall enter into a purchase agreement with the Offeror for the purchase and sale of the Property or portion thereof, as applicable, in a mutually
agreeable form reflecting the Terms within fifteen (15) days after Lessee has irrevocably accepted the Terms. The purchase agreement for the sale of the Property or portion thereof, as applicable, shall provide for a closing on the terms set
forth in the Terms. Lessor (on behalf of the Offeror) and Lessee agree to negotiate any purchase agreement in good faith, subject to Section 4.3. 

(c) If Lessee (or its designee) rejects the Terms, the Offeror shall either (i) execute a purchase agreement on the Terms and close
(absent a default by the buyer) or (ii) if the Terms were contained in an executed agreement with a buyer, close on the Terms therein (absent a default by the buyer) except that the purchase prices may be no less than ninety percent
(90%) of the purchaser price offered to Lessee, in each case within one hundred eighty (180) days from (y) the expiration of the Applicable Period or (z) the date Lessee rejects the Terms, whichever is earlier. This Lease shall
survive any sale or transfer described herein. If the closing does not occur within such period, the Offeror shall be required to repeat the procedure set forth in Section 4.1(a) each time that it desires to sell the Property or offered
interests. 
 Section 4.2. Non-Applicability of Section 4.1. (a) Section 4.1 shall not apply to a conveyance or
assignment to an Affiliate of Lessor, to Lender or an Affiliate of or successor to Lender, to the purchaser at a foreclosure sale in connection with the foreclosure, or to Lender or any Affiliate or designee in connection with a deed in lieu of
foreclosure of the Mortgage. Lessee’s rights hereunder shall survive any sale or transfer described above. 
 (b) Any purchase of the
Property under this Article 4 will be subject to this Lease and the Mortgage, unless the indebtedness secured by the Mortgage is repaid in full. If Lessee or its Affiliate is the purchaser of the Property there shall be no merger of the fee and the
leasehold. 

  
 4 

 Section 4.3. Miscellaneous. (a) Lessee’s failure to elect to purchase the
Property shall not constitute a waiver on the part of Lessee of its rights under this Article 4 with respect to any other proposed sale, assignment, transfer, conveyance or other disposition. 

(b) The First Offer Notice and the Terms must cover only the Property and not any other property owned by Lessor or an affiliate of Lessor.

 (c) The First Offer Notice and the Terms must cover the entire Property. Lessor may not sell, or offer to sell, or transfer, or offer to
transfer, any interest, the result of which would be a sale or transfer of less than the entirety of the Property. Lessee’s failure to exercise its right of first offer in this situation shall not constitute a waiver on the part of Lessee of
its rights under this Article 4 with respect to any other proposed sale, assignment, transfer, conveyance or other disposition. This right of first offer shall also be triggered and the rights of Lessee hereunder vested in the event the
Property is included in a sale or transfer of an interest in real estate of which the Property is a part. 
 (d) The controlling member,
shareholder or partner of Lessor may not transfer or assign its interest in Lessor so that it is no longer a controlling member, controlling shareholder or controlling partner of Lessor (other than in connection with a corporate transaction
involving the transfer of all or substantially all of the assets of the controlling member, shareholder or partner of Lessor at a time when such assets include significant assets other than such party’s interest in Lessor) unless it first
complies with the provisions of Section 4.1 and (i) neither the transferee nor any Affiliate thereof is a Significant Competitor, directly or indirectly, of Lessee or any Affiliate thereof, and (ii) such transfer or assignment shall
not result in a violation of Applicable Laws, including the Securities Act of 1933, as amended, any other applicable securities law or ERISA or accounting requirements for treatment of this Lease by Lessee as an operating lease. 

ARTICLE 5. 
 RENEWAL OPTIONS 

Section 5.1. Renewal. Provided that Lessee is not in default under the Lease and Lessee has not assigned the Lease, Lessee may at
its option extend the Term of this Lease for four (4) additional periods of five (5) years each (each a “Renewal Option”). Such periods are called the Renewal Term(s). The Renewal Term(s) shall be on the same terms contained in
this Lease except for Base Rent during the Renewal Term; and any reference in this Lease to the “Term” of the Lease shall be deemed to include any Renewal Term and apply thereto, unless it is expressly provided otherwise. The Base Rent
during the Renewal Term shall be the lesser of i) 95% of then Fair Market Rent; or ii) one hundred three percent (103%) of the Base Rent for the last year of the Term; with Base Rent increasing by three percent (3%) each year thereafter
during the Renewal Term. The Renewal Option may be exercised only with 

  
 5 

 
respect to the entire Property. The Renewal Option shall be exercisable by written notice (the “Renewal Notice”) to Lessor given not earlier than twenty-four (24) months, nor later
than twelve (12) months (time being of the essence), prior to the expiration date of the Term or Renewal Term (as applicable). 

Notwithstanding the foregoing, Lessee shall also have the right (the “Extension Right”) to extend the Base Term for a period
of up to one (1) year (the “Extension Period”), subject to the following terms and conditions. The Extension Right shall be exercised by Lessee delivering written notice to Lessor at least twenty (20) months prior to the
expiration of the Base Term. The Extension Period shall be subject to all of the terms and conditions of the Lease and each monthly installment of Base Rent shall equal to one hundred twenty percent (120%) of the monthly installment of Base
Rent in effect during the last month of the Term prior to the Extension Period. 
 Section 5.2. Lease Provisions Applicable During
Renewal. All the provisions of this Lease shall be applicable during each Renewal Term and the number of Renewal Terms shall be correspondingly reduced. 

ARTICLE 6. 
 ENFORCEMENT OF
WARRANTIES 
 Section 6.1. Assignment of Warranties. (a) Lessor hereby assigns and sets over to Lessee, and Lessee hereby
accepts the assignment of, for the period of the Lease Term and on a nonexclusive basis, all of Lessor’s right, title, interest and estate in, to and under any and all warranties and other claims against dealers, manufacturers, vendors,
contractors and subcontractors relating to the construction, use and maintenance of the Property or any portion thereof now existing or hereafter acquired (excluding from such assignment any such warranties and claims which by their terms are not
assignable by Lessor without loss of some or all of the benefits of such warranties or claims) (collectively “Warranty Claims”). Lessor shall have no obligations under, or liabilities with respect to, any such warranties and claims. Lessee
shall at its sole cost pursue all Warranty Claims in order to effect any repair or replacement of which Lessee is aware and which is covered by such Warranty Claims. The assignment of such warranties to Lessee shall automatically terminate upon the
termination of this Lease. 
 (b) Lessor authorizes Lessee (directly or through agents) at Lessee’s expense to assert during the Lease
Term, all of Lessor’s rights (if any) under any applicable warranty and any other Warranty Claims that Lessee or Lessor may have against any dealer, vendor, manufacturer, contractor or subcontractor with respect to the Property or any portion
thereof. 
 (c) Lessor agrees, at Lessee’s expense, to cooperate with Lessee and take all other action necessary as specifically
requested by Lessee to enable Lessee to enforce all of Lessee’s rights (if any) under this Section 6.1, such rights of enforcement to be exclusive to Lessee, and Lessor will not, during the Lease Term, amend, modify or waive, or take any
action under, any applicable warranty or other claim that Lessee may have under this Section 6.1 without Lessee’s prior written consent. 

  
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 ARTICLE 7. 

LIENS 
 Section 7.1.
Liens. Lessee shall not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to (a) all or any part of the Property, title thereto or any interest therein; (b) this
Lease or the leasehold interest created hereby; (c) the Rent, title thereto or interest therein; or (d) the rentals payable with respect to the subletting of the Property. Except with respect to, and to the extent of, such Liens the
imposition of which resulted from the actions or inactions of Lessor, Lessee shall promptly, but not later than forty (40) days after receipt of notice of the filing thereof, at its own expense, take such action as may be necessary duly to
discharge or eliminate or bond in a manner reasonably satisfactory to Lessor any such Lien (other than Permitted Liens); provided, however, that Lessee may contest any such Lien in good faith, upon satisfaction of the conditions contained in
Section 8.6(c) (excluding clause (vii) thereof) with respect to Lessee’s right to contest Impositions. During the course of any such contest, Lessee need not discharge or bond such Lien provided that no action to foreclose the Lien
has been brought in any judicial or quasi-judicial action and no Lease Event of Default is then continuing and Lessor shall not incur any penalties or fines nor may the Property be subject to any liens or forfeiture as a result of such contest. 

Prior to the commencement of any work that could give rise to a Lien, Lessor shall have the right to enter upon the Property to post notices
of non-responsibility as provided in Section 8444 of the California Civil Code. 
 ARTICLE 8. 

USE; MAINTENANCE AND CAPITAL REPAIR; ALTERATIONS; COMPLIANCE WITH LAWS; IMPOSITIONS AND OTHER CHARGES; LITIGATION 

Section 8.1. Use. The Property may be used for any lawful purpose other than (a) any use that would constitute a public
nuisance, (b) any use that would make it impossible to obtain or would invalidate any insurance policy with respect to the Property that is required to be maintained hereunder, (c) any use that would involve the mining for or removal of
any oil, gas or minerals on the Property or (d) any use that involves the storage, handling or processing of Hazardous Materials in violation of Applicable Law; (“Permitted Use”). Lessee is not required to occupy the Property
or conduct any business therein and neither failure to occupy or operate on or from the Property by Lessee shall be a default or breach of this Lease. 

Section 8.2. Maintenance and Repair. (a) Except for damages caused by the negligence or willful misconduct of Lessor, its
agents, employees, contractors or invitees, Lessee shall, at all times during the Lease and at its own cost and expense, maintain, repair and make replacements to the Property (which shall include, by way of illustration and not limitation,
Lessor’s equipment, the heating, plumbing, and electrical systems, windows (including but not limited to window seals) and other structural components of the Improvements and the roof of the Improvements, parking areas and driveways (including
sealing and striping at times and frequencies as is customary for similar buildings in the same metropolitan area), walkways, landscaping, painting and carpeting within the Improvements, as 

  
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well as performing necessary snow and ice removal and garbage collection) so that the Property and all portions thereof are maintained in at least as good order, condition and repair as evidenced
by that certain Property Condition Report, dated November 26, 2013 (the “Report”) prepared by IVI Assessment Services, Inc., being Project No. PC31006692, a copy of which is attached hereto as Exhibit E, reflecting the current
condition of the Property; together with maintaining in good order and repair all of the “Repair Items” set forth in Section 8.2(b) below, as further detailed in the Report, from and after the date such Repair Items are
completed at the Property; but in all cases less ordinary wear and tear, functional obsolescence due to age and casualty. The condition of the Property per the Report, plus the Repair items and less wear and tear, functional obsolescence due
to age and casualty being referred to hereafter as the “Standard”. The parties acknowledge that Lessee’s repair and maintenance obligations under this Section 8.2(a) shall be measured against the Standard. Subject to
Lessee’s obligations under Section 8.2(b) hereafter, Lessee shall only be obligated to repair, replace and maintain the Property in at least as good condition as measured against the Standard. Subject to the provisions of this
Section 8.2 and the Standard, Lessee shall make and perform all day-to-day maintenance and repairs at the Property and pursue Warranty Claims at Lessee’s sole cost and expense so that the Property, including the Repair Items, is maintained
consistent with the Standard. Subject to the Standard, Lessee shall make all such repairs to the Property, including the Repair Items, and shall keep the Property, including the Repair Items, clean, neat, safe, sanitary, and in good order, repair
and condition, including both the inside and the outside. 
 (b) Lessee Capital Repairs. Subject to the Standard, Lessee shall be
responsible, at its sole cost and expense, for any capital repair or replacement which may be required during the Lease Term, so that the Property and all portions thereof (including the Repair Items) are maintained consistent with the Standard.
Lessee, at Lessee’s sole cost and expense, shall to the extent required to meet the Standard, make the repairs and/or improvements to the Property as set forth and listed on Exhibit G, (collectively “Repair Items” and
individually a “Repair Item”), at such time, or from time to time, during the Base Term or any Renewal Term, if applicable, as Lessee determines, as provided hereafter in this subparagraph (b). With regard to Lessee’s obligations as
to the Repair Items set forth on Exhibit G, Lessee shall comply with the provisions of Section 8.4 of this Lease. 
 In addition
to the foregoing, Lessee covenants that it shall maintain all generators on the Property in accordance with a preventative maintenance program during the term of the Lease, which includes Lessee’s obligation during the lease term to repair, or
if required, to replace, as provided per the preventative maintenance program being followed by Lessee. 
 (c) No Lessor Obligation.
LESSOR SHALL NOT BE REQUIRED TO MAKE ANY REPAIR, WHETHER FORESEEN OR UNFORESEEN, CAPITAL OR NOT, OR TO MAINTAIN ANY OF THE PROPERTY IN ANY WAY, AND LESSEE HEREBY EXPRESSLY WAIVES THE RIGHT TO MAKE REPAIRS OR MAINTENANCE AT THE EXPENSE OF THE
LESSOR, WHICH RIGHT MAY BE PROVIDED FOR IN ANY APPLICABLE LAW NOW OR HEREAFTER IN EFFECT; PROVIDED HOWEVER THAT LESSOR SHALL REPAIR AND MAINTAIN THE PROPERTY AND IMPROVEMENTS WHERE SUCH REPAIR OR MAINTENANCE IS REQUIRED DUE TO LESSOR’S, OR
IT’S SERVANT’S, EMPLOYEE’S, AGENT’S, CONTRACTOR’S OR INVITEE’S NEGLIGENCE OR WILLFUL MISCONDUCT. 

  
 8 

 Lessee hereby waives Section 1932(1) and Sections 1941 and 1942 of the Civil Code of California or any
successor provision of law. 
 (d) Nonapplicability. The provisions of this Section 8.2 shall not apply in the case of
Casualty to or Condemnation of the Property, in which case the obligations of the parties shall be as provided in Article 12. 

Section 8.3. Property Assessment Reports. Lessor shall have the right, not more frequently than once every two (2) years, to
engage a qualified third party professional to prepare property assessment reports of the roof, structure and HVAC only (and no other items) at the Property (individually a “Property Assessment Report” and collectively the “Property
Assessment Reports”) to confirm the same are being maintained to the Standard. Lessor shall pay the qualified third party professional directly for all costs of obtaining any Property Assessment Reports after the date of this Lease. It is
understood and agreed to between the parties that IVI Assessment Services Inc. and its successors, affiliates and subsidiaries are qualified third party professionals. In the event that the Property Assessment Report discloses that maintenance or
repairs are required in order to keep the roof, structure and HVAC as required by the Standard, then, subject to the following sentence, Lessee shall diligently and continuously complete such repairs or maintenance as soon as possible. If Lessee
disputes that any such repairs or maintenance are necessary or consistent with its obligations in maintaining the roof, structure and HVAC to the Standard, then Lessee shall repair and maintain those items it does not dispute and the balance shall
be resolved as set forth under Article 27 hereafter. Notwithstanding the foregoing, Lessee acknowledges its obligation at the end of the Lease Term for the Property’s condition and repair to comply with the Standard. 

Section 8.4. Alterations. (a) At any time and from time to time, Lessee, at its sole cost and expense, may make
(1) without Lessor’s consent, non-structural Alterations to the Property, less than the Threshold Amount; (2) and after giving prior written notice to Lessor and obtaining Lessor’s prior
written consent (which shall not be unreasonably withheld, conditioned or delayed), structural Alterations and/or non-structural Alterations in excess of the Threshold Amount; provided, however, that no Alteration (whether consent is necessary or
not) shall (i) materially negatively impair the utility, remaining useful life or fair market value of the Property, in each case assuming that the Improvements are then being operated and maintained in accordance with this Article 8;
(ii) create a violation of this Lease; (iii) increase in any respect the risk of liability to Lessor under any Environmental Laws; (iv) materially and permanently reduce the rentable square footage (as calculated in accordance with
the methods of measuring rentable area as described in the Standard Method for Measuring Floor Area in Office Buildings, ANSI Z65.1-1996, as promulgated by the Building Owners and Managers Association International) of the Improvements;
(v) materially reduce the electrical power available to the Building; (vi) permanently weaken (upon completion of construction or repair of the structure) the structure of the Improvements or any part thereof; or (vii) reduce the
permitted uses of the Improvements under applicable zoning or land use laws so as to reduce the fair market value of the Property. Notwithstanding the requirements for notice and consent set forth above, Lessee may, in good faith, make any repairs
(structural or non-structural) required by virtue of an emergency without satisfying any otherwise applicable notice and/or consent requirement, provided Lessee notifies Lessor of such repair (to the extent otherwise required) as promptly as is
reasonably practical after the emergency. 

  
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 (b) Every Alteration shall comply with the following terms (which compliance shall be at
Lessee’s sole cost and expense): (i) except (unless required by Applicable Law) for non-structural Alterations costing less than the Threshold Amount for each scope of work, as reasonably determined by Lessee, the Alteration shall be made
(x) in accordance with plans and specifications (copies of which shall be delivered to Lessor) prepared by a certified architect or civil engineer who shall be licensed in the appropriate jurisdiction to the extent required for the filing of
any plans in connection with such Alteration (which architect may be an employee of Lessee or its Affiliates) and (y) under the supervision of such architect or engineer or other reasonably capable person; (ii) the structural integrity of
the existing Improvements shall not be impaired upon completion of such work; (iii) Lessee shall obtain any licenses, approvals or permits required (including final approvals), copies of which shall be delivered to Lessor upon written request
by Lessor; and (iv) such Alterations shall not encroach upon any adjacent premises. Lessor agrees to cooperate with Lessee (at no cost to Lessor) in signing permit applications and similar documents to the extent required for any Alteration.
Lessee may execute such applications or similar documents on behalf and (if necessary) in the name of Lessor for all Alterations for which Lessor’s consent is not required and for Alterations for which Lessor’s consent is required and has
been granted if Lessor has not executed such documents within ten (10) days of Lessee’s request therefor. Nothing herein shall be deemed to impose any liability or responsibility on Lessor for performance or payment of any Alteration. In
connection with any Alteration, Lessee shall perform and complete all work promptly and in a good, workmanlike manner in compliance with Applicable Laws (subject to Lessee’s right to contest the applicability thereof) and the plans and
specifications submitted to Lessor, if applicable. Except in the event of self-insurance under Section 9.2 hereafter, Lessee shall maintain or cause to be maintained at all times during construction property insurance and commercial general
liability insurance including Lessor, as owner/lessor and Lender as mortgagee and loss payees as their interests may appear under such property insurance and including as additional insureds under such liability insurance. Notwithstanding the
foregoing sentence, Lessee shall require all third party general contractors and subcontractors performing services for Lessee with regard to the Alterations to have and maintain at all times during construction, construction property insurance and
commercial general liability insurance naming Lessee, Lessor, as owner/lessor and Lender as mortgagee and loss payee, as their interests may appear under such property insurance and including, as additional insureds under such liability insurance.
Lessee shall provide “as-built” plans to Lessor for any structural Alteration for which Lessee has “as-built” plans prepared. If Lessee does not have “as-built” plans prepared for any Alteration, Lessee shall provide to
Lessor with copies of such plans, if any, submitted to the City in connection with Lessee’s application for any necessary permits. 

(c) With respect to such structural Alterations for which Lessee must obtain the prior written consent of Lessor pursuant to the terms of this
Lease, Lessor shall have fifteen (15) Business Days after Lessee’s delivery of its request for consent, together with preliminary drawings and specifications for such Alterations, within which time Lessor may grant or not grant
Lessee’s request for consent. If Lessor shall not have responded to Lessee within such fifteen (15) Business Day period, such consent shall be deemed to have been granted. Whether or not the Alteration is approved, all reasonable
out-of-pocket costs of review incurred by Lessor up to a maximum of Five Thousand ($5,000.00) Dollars, shall be paid by Lessee within thirty (30) days of receipt of an invoice therefor. 

  
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 (d) Lessee shall not, without Lessor’s prior written consent, which consent may be withheld
or denied in Lessor’s sole discretion (i) demolish all or substantially all of the Improvements or Building on the Property, or (ii) make any Alterations, at any time, which would (after the completion thereof) impair the structural
integrity of the Building. 
 (e) Title to Alterations shall without further act vest in Lessor and shall be deemed to constitute a part of
the Property and be subject to this Lease if (i) such Alteration is in replacement of or in substitution for a portion of the Improvements as of the date hereof, (ii) such Alteration is required to be made pursuant to the terms of
Section 8.2 or (iii) such Alteration is Non-Severable. Lessor shall notify Lessee in its consent to any Alteration, requiring prior Lessor consent, as to whether such Alteration must be removed upon termination of this Lease. In the event
Lessor is deemed to have consented to any Alteration, Lessee shall not be required to remove such Alteration. 
 (f) Without limiting
Lessee’s rights pursuant to the provisions of this Section 8.4, at Lessee’s sole cost and without liability to Lessor, Lessor agrees to cooperate with Lessee (including signing applications upon Lessee’s written request) in
obtaining any necessary permits, variances and consents for any Alterations which Lessee is permitted to make hereunder; provided none of the foregoing shall, in any manner, result in a net reduction of access to or ingress to or egress from the
Property, a change in zoning, or otherwise have an adverse effect on the ability to use the Property for the Permitted Use or have an adverse effect on Lessor’s or any Mortgage or other loan document executed in connection therewith (or
Lessor’s or Lender’s ability to place such Mortgage Lien) on the Property. 
 (g) If an Alteration is not within any of the
categories set forth in Section 8.4(e), then title to such Alteration shall vest in Lessee and such Alteration shall be removed by Lessee to the extent required under Article 10 hereof. All Alterations to which title shall vest in Lessee as
aforesaid, and all Lessee’s Equipment and Personalty, so long as removal thereof shall not result in the violation of any Applicable Law or this Lease, may be removed at any time by Lessee, provided that Lessee shall, at its expense, repair any
damage to the Property caused by the removal of any such Alteration. 
 Section 8.5. Compliance with Law; Environmental
Compliance. (a) Lessee, at Lessee’s expense, shall comply in all Material respects at all times with all Applicable Laws, including Environmental Laws regarding the Property. 

(b) Lessee shall notify Lessor promptly if Lessee (i) has Actual Knowledge of the presence or Release of any Hazardous Materials at, on,
under, emanating from or migrating to the Property which could reasonably be expected to violate any Environmental Law or give rise to any liability under any Environmental Law, provided that Lessee shall not have any obligation to investigate the
Property for any such presence or Release of Hazardous Materials and none of Lessee’s employees shall be deemed to have knowledge of the Environmental Laws applicable to the Property or what would constitute a violation thereof, or
(ii) receives any written notice, claim, demand, material request for information or other material communication from a Governmental Authority regarding the presence or Release of any Hazardous Material at, on, under, within, emanating from or
migrating to the Property or related to the Property which could reasonably be expected to violate in any material respect any Environmental Law or give rise to any liability. 

  
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 Lessor hereby notifies Lessee, and Lessee hereby acknowledges that, prior to the leasing of the
Property pursuant to this Lease, Lessee has been notified, pursuant to California Health and Safety Code Section 25359.7, that Lessor knows, or has reasonable cause to believe, that certain hazardous substances (as such term is used in such
Section 25359.7), may have come to be located on or beneath the Property, including as may be disclosed in any environmental report known to or provided to Lessee concerning the Property. 

Section 8.6. Payment of Impositions. (a) Lessee shall pay or cause to be paid all Impositions due and payable during the
Lease Term or payable as provided in Section 8.7, before any fine, penalty, premium, further interest (except as provided in Section 8.6(b)) or cost may be assessed or added for nonpayment, such payments to be made directly to the taxing
authorities where feasible. 
 (b) If any such Imposition may, at the option of the taxpayer, lawfully be paid in installments (regardless
whether interest shall accrue on the unpaid balance of such Imposition), Lessee may exercise the option to pay the same in installments, and in such event Lessee shall pay only those installments that become due and payable during the Lease Term or,
as provided in Section 8.7, relate to the Lease Term, as the same become due and before any fine, penalty, premium, further interest or cost may be assessed or added thereto. 

(c) Notwithstanding the foregoing, Lessee shall have the right to contest any Imposition, subject to the following: (i) such contest
shall be at Lessee’s sole cost and expense; (ii) such contest shall be by appropriate legal proceedings conducted in good faith and with due diligence; (iii) such contest will operate to suspend the collection of, or other realization
upon, such Imposition, from any Property or other interest of Lessor, or from any Rent (and will not otherwise adversely affect Lessee’s obligation to pay, and Lessor’s right to receive, Rent); (iv) such contest will not otherwise
adversely affect Lender’s lien on any Property or Lessor’s right to any Property (for purposes hereof, “adversely affect” being deemed to mean that such lien or Lessor’s right would be subject to reasonable likelihood of
extinguishment, impairment or loss of priority); (v) such contest will not materially and adversely interfere with the possession, use or occupancy or sale of the Property; (vi) such contest will not subject Lessor to any civil (other than
for the amounts being contested and related interest, penalties, costs and expenses) or criminal liability; (vii) Lessee shall not postpone the payment of any Imposition for such length of time as shall permit the Property to become subject to
a lien created by such item being contested that is prior to the lien of the Mortgage (other than a lien for real property taxes which are already a first lien); and (viii) no Lease Event of Default shall then be existing. Lessee shall pay any
Imposition (and related costs) promptly after forgoing any contest or after receipt of a final non-appealable adverse judgment. 

Section 8.7. Adjustment of Impositions. Impositions with respect to the Property for a billing period during which Lessee’s
obligation to indemnify Lessor pursuant to this Lease expires or terminates as to the Property shall be adjusted and prorated on a daily basis between Lessor and Lessee, whether or not such Imposition is imposed before or after such expiration or
termination of this Lease, and Lessee’s and Lessor’s obligation to pay its pro 

  
 12 

 
rata share thereof shall survive such expiration or termination (to the extent, with respect to Lessor, it is obligated to reimburse Lessee for Impositions paid by Lessee for periods after
expiration of the Lease Term). Lessee acknowledges that at closing under the Purchase Contract, no credit was given to Lessor for accrued real estate taxes, in consideration for Lessee’s agreement to pay accrued real estate taxes through the
termination of the Lease. Thus, in the year in which the Lease Term terminates, and promptly after the final real estate tax bill for that tax year is received by Lessor, Lessor will calculate Lessee’s obligation for real estate taxes through
the termination date and submit an invoice and a copy of the tax bill to Lessee. Lessee will be obligated to pay to Lessor the amount so determined. Lessor acknowledges that Lessee may bring any tax certiorari or other actions for refunds of
Impositions or adjustments of Impositions for which Lessee is liable under this Lease or relating to periods prior to the commencement date of the Lease Term and Lessee shall be entitled to all such refunds, provided that Lessee shall take no such
action which could increase any Imposition for a period after the expiration of this Lease. During the Lease Term, Lessor agrees to cooperate with Lessee in such proceedings, at no cost to Lessor. 

Section 8.8. Utility Charges. Lessee shall pay or cause to be paid, directly to the party entitled thereto, all charges for
electricity, power, gas, oil, water, telephone, sanitary sewer services and all other utilities used in or on the Property prior to and during the Lease Term, and such obligation on the part of Lessee shall survive the expiration or earlier
termination of this Lease until all such outstanding balances for services rendered prior to or during the Lease Term have been paid. Any refunds, credits or rebates of such charges attributable to the Lease Term or the period prior to the
commencement of the Lease Term shall be the property of Lessee, and Lessor shall pay the same to Lessee promptly upon its receipt thereof. Lessee shall have the right to select all service providers for the Property. Lessor shall not be entitled to
charge any fees associated with Lessee’s acquisition and/or use of utilities. If Lessee defaults in the payment of any such charges, Lessor may, at its option, pay such charges on behalf of Lessee, in which event Lessee shall promptly reimburse
Lessor therefor and all such sums together with interest at the Default Rate shall be deemed Supplemental Rent hereunder. All applications and connections for necessary utility services on the Property shall be made in the name of Lessee only,
unless otherwise required by the utility service provider. Lessor shall under no circumstances be liable to Lessee in damages or otherwise for failure or interruption in service of electricity, water, gas, heat, telecommunication services, including
telephone, sewer service or air-conditioning caused by any reason whatsoever, including the making of any repairs or improvements to the Property. 

Section 8.9. Litigation; Zoning; Joint Assessment. Lessee shall give written notice within ten (10 Business Days to Lessor of any
litigation or governmental proceedings pending or threatened against Lessee or the Property of which Lessee has Actual Knowledge, which could reasonably be expected to materially adversely affect the condition of the Property. Lessee shall not
initiate any zoning reclassification for the Property, or any portion thereof, or seek any variance under any existing zoning ordinances or use or permit the use of any portion of the Property in any manner that could result in such use becoming a
non-conforming use under any zoning ordinance or any other Applicable Law. Lessee shall not initiate any proceeding to cause the Property to be jointly assessed with any other property or with any personal property of Lessee, or take any other
action or initiate any proceeding which might cause the personal property of the Lessee to be taxed in a manner whereby such taxes or levies could be assessed against the Property. 

  
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 ARTICLE 9. 

INSURANCE 
 Section 9.1.
Coverage. (a) Lessee shall maintain insurance of the types and in the amounts set forth on Schedule 9.1 attached hereto and made a part hereof, including without limitation a policy or policies of (i) commercial general liability
insurance with respect to the Property, with Lessor, Lessor’s asset and/or property manager, Lessor’s managing agent for the building, any ground lessors and Lender (whose name shall have been furnished to Lessee) included as additional
insured parties on such policy or policies to the extent of any indemnity provided by Lessee under this Lease, and (ii) property insurance with respect to the Property, with Lessor and Lender named as loss payees as their interests may appear,
all in forms and amounts as set forth in Schedule 9.1. 
 (b) Nothing in this Article 9 shall prohibit Lessee from maintaining, at its
expense, commercial general liability and or property insurance on or with respect to the Property naming Lessee as insured and/or loss payee in amounts greater than the insurance required to be maintained under this Section 9.1 or any other
insurance with respect to the Property (including business interruption insurance), naming Lessee as insured and/or loss payee thereunder, unless such insurance would conflict with or otherwise limit the availability of or coverage afforded by
insurance required to be maintained under this Section 9.1. Nothing in this Section 9.1 shall prohibit Lessor from maintaining, at its expense, other insurance on or with respect to the Property or the operation, use and occupancy of the
Property, unless such insurance would conflict with, cause Lessor to be a coinsurer or otherwise limit or adversely affect Lessee’s ability to obtain, or the cost of, the insurance required to be maintained by Lessee under Section 9.1(a).

 (c) Copies of any certificates of insurance required to be delivered under Schedule 9.1 shall be delivered to Lessor at the time set
forth in Section 9.1. 
 (d) In the event of Lessee’s failure to obtain or maintain the insurance called for under this Lease
after any applicable notice and grace period, Lessor shall have the right, together with Lessor’s other remedies set forth herein, to obtain the policies of insurance required under this Lease and to bill Lessee for the reasonable premium
payments therefor, such bills to be paid by Lessee to Lessor within five (5) days after delivery to Lessee of bills therefor, together with interest at the Default Rate. This subsection shall not be deemed to be a waiver of any of Lessor’s
rights and remedies, under any other provision of this Lease. 
 (e) Each insurance policy required to be carried by Lessee under this Lease
shall also provide that any loss otherwise payable thereunder shall be payable notwithstanding any act or omission of Lessor or Lessee which might, absent such provision, result in a forfeiture of all or a part of such insurance payment. 

(f) Lessee shall comply with all insurance requirements applicable under any insurance policies required to be maintained under this Lease.

  
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 (g) To the extent that any insurance policy maintained by Lessee pursuant to this Lease has a
deductible as between Lessee and the insurance company and Lessor is entitled to insurance proceeds with respect to a claim thereunder, then as between Lessor and Lessee, Lessee shall be responsible to cover such deductible or pay such claim. 

(h) Lessor (i) shall promptly and no later than 30 days after notice thereof provide Lessee with written notice of any claim, demand,
lawsuit, or the like for which it seeks coverage pursuant to this Article 9 or Schedule 9.1 and provide Lessee with copies of any demands, notices, summons, or legal papers received in connection with such claim, demand, lawsuit, or the like; and
(ii) shall fully cooperate with Lessee, at Lessee’s sole cost and expense, in the defense of the claim, demand, lawsuit, or the like. 

Section 9.2 Self Insure. Notwithstanding anything contained in Section 9.1, during such periods as either the Lessee or
Guarantor shall maintain a GAAP tangible net worth of at least $500,000,000.00 and both Lessee and Guarantor are either direct or indirect wholly owned subsidiaries of AT&T Inc., Lessee shall have the right to self-insure by assuming in whole or
in part, without insurance, any and all risks otherwise required by this Lease to be insured against by Lessee. If Lessee does not maintain, in whole or in part, insurance of the types and in the amounts set forth on Schedule 9.1, then it shall be
deemed to have elected to self-insure, provided, however, Lessee’s self-insurance obligation for Lessor shall not extend to claims for punitive damages, exemplary damages, or gross negligence (collectively “Special Damages”)
unless and only to the extent that the third party insurance coverages per Section 9.1 in affect at the time of the casualty would have responded to and paid the insured for such Special Damages claims. Lessee’s self-insurance obligation
shall also not apply when the claim or liability arises solely from the negligence, fault, misconduct, actions or inactions of Lessor, its employees, contractors, or agents. Subject to the foregoing, in the event of a casualty to which casualty
insurance coverage required to be carried under Section 9.1 would have responded, but for Lessee’s election to self-insure under this Section 9.2, then upon adjustment of the loss Lessee shall make payment to Lessor (and its Lender if
then required under Lessor’s loan with such Lender) in an amount equal to the loss that would have been paid under such insurance coverages (assuming no deductible) had Lessee then had such required Section 9.1 insurance coverages in place
at the time of the casualty. The parties acknowledge that it is their intention to have Lessee’s self-insured obligation to Lessor and the payments received by Lessor under such self-insurance, be identical to and the same as would be paid to
Lessor if Lessee had then had in place third party insurance coverages as set forth in Section 9.1 and Schedule 9.1. 

  
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 ARTICLE 10. 

RETURN OF PROPERTY TO LESSOR 

Section 10.1. Return of Property to Lessor. (a) Lessee shall, upon the expiration or termination of this Lease, at its own
expense, return the Property to Lessor by surrendering the same into the possession of Lessor (i) free and clear of all Liens caused by Lessee (whether by payment or bonding), other than (A) Lessor Liens, (B) any Lien created by the
Mortgage and related debt documents, (C) Liens for taxes not yet due and payable subject to Lessee’s obligations under Sections 8.6(b) and 8.7, (D) Liens and Impositions being contested in accordance with the provisions of
Section 7.1 or 8.6(c), as the case may be, and (E) other Permitted Liens (other than this Lease and any assignment of this Lease), and (ii) in compliance with the terms of this Lease. Lessee hereby waives notice to vacate the Property
and agrees that Lessor shall be entitled to the benefit of all provisions of the law respecting the summary recovery of possession of the Property from Lessee holding over to the same extent as if statutory notice had been given. 

(b) All Alterations and Lessee’s Equipment and Personalty not removed by Lessee by the last day of the Lease Term (but in the event of a
termination other than upon the expiration of the Base Term, within thirty (30) days after said termination of this Lease), other than those Alterations as to which title shall vest in Lessor pursuant to Section 8.4, shall be deemed
abandoned and Lessor may dispose of such property in any manner that Lessor, in its sole discretion, determines is appropriate. Lessor hereby notifies Lessee that Lessor will not store any such property of Lessee and such property shall become the
property of Lessor. In no event shall Lessee be required to remove or pay for the removal of any built in, permanent fixtures or improvements existing on, or within, the Property as of the date of this Lease, any raised computer floors built during
the Lease Term, any other Alterations made in compliance with the terms of this Lease or any cabling or wiring (or similar property) now or hereafter located on or in the Property. 

(c) Upon the return of the Property to Lessor, Lessee shall also deliver (i) all transferable licenses and permits pertaining to the
Property by general assignment, without warranty or recourse; (ii) as built-drawings, including plans for HVAC, mechanical and electrical systems, to the extent in Lessee’s possession and not
previously delivered to Lessor; (iii) available keys to the Property; (iv) a general assignment of all subleases existing on the date hereof or entered into in accordance with the terms of this Lease; and (v) to the extent assignable,
a general assignment, without warranty or recourse, of all maintenance contracts (to the extent required by Lessor) and existing warranties applicable to the Property. 

(d) Lessee agrees to reasonably cooperate with Lessor and its representatives to effectuate a smooth transition of the operation and
maintenance of the Property. Notwithstanding anything in this Lease to the contrary and provided that Lessee surrenders the Property upon the expiration or termination of this Lease in compliance with all Applicable Laws and the terms of this Lease,
the failure to remove any of Lessee’s Alterations or Lessee’s Equipment and Personalty in accordance with the provisions hereof shall not result in Lessee being deemed a holdover tenant hereunder. 

  
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 ARTICLE 11. 

ASSIGNMENT BY LESSEE 

Section 11.1. Assignment by Lessee. (a) Lessee may, at Lessee’s sole expense and without the consent of Lessor, assign
this Lease for a period that does not extend beyond the Lease Term to any Person. Any assignee shall assume the obligations of Lessee arising from and after the effective date of the assignment. 

(b) Notwithstanding any assignment provided for in Section 11.1(a), Lessee and Guarantor shall not be released from its primary
liability hereunder and shall continue to be obligated for all obligations of “Lessee” in this Lease, which obligations shall continue in full force and effect as obligations of a principal as though no assignment had been made. 

Section 11.2. Use by Other Persons. Notwithstanding anything contained in this Article 11 which may be construed to the contrary,
Lessor acknowledges that the Property may be occupied by one or more customers, service providers, vendors, contractors, and Related Persons (as defined in Section 14.1) and their employees and contractors and that such use of the Property
shall not be considered an assignment or sublease unless Lessee elects to treat it as such. 
 Section 11.3. Notice to Lessor.
Lessee shall endeavor to give prior written notice to Lessor of every assignment or subletting to any Person who is not an Affiliate of Lessee. 

Section 11.4. Prohibited Assignments/Subleases. In no event shall this Lease be assignable by operation of any law, and
Lessee’s rights hereunder may not become, and shall not be listed by Lessee as an asset under any bankruptcy, insolvency or reorganization proceedings. Acceptance of any payment of Base Rent or Supplemental Rent by Lessor after any
non-permitted assignment or sublease shall not constitute approval thereof by Lessor. 
 Section 11.5. Lessor’s Right to
Collect Sublease Rents upon Lease Event of Default. If the Property (or any portion) is sublet and a Lease Event of Default occurs, then Lessor is authorized, at its option, to collect all sublease rents directly from the sublessee. Lessee
hereby assigns the right to collect the sublease rents to Lessor in the event of Lessee default. The collection of sublease rents by Lessor shall not relieve Lessee of its obligations under this Lease, nor shall it create a contractual relationship
between sublessee and Lessor or give sublessee any greater estate or right to the Property than contained in its sublease. 

Section 11.6. Sale of Property. In the event of the transfer and assignment by Lessor of its interest in this Lease and the
Property, Lessor shall thereby be released from any obligations arising prior to or accruing hereunder as of and after the date of such transfer, and Lessee agrees to attorn to the successor in interest of Lessor following any such transfer of such
interest either voluntarily or by operation of law, to recognize such successor as Lessor under this Lease, and look solely to such successor in interest of Lessor for the performance of such obligations. Lessor shall remain liable for any
obligations of Lessor hereunder arising from or accruing prior to the date of the transfer of the Premises by Lessor. 

  
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Any security given by Lessee to secure the performance of Lessee’s obligations hereunder may be assigned and transferred by Lessor to its successor in interest, and Lessor shall thereby be
discharged of any further obligations relating thereto. 
 ARTICLE 12. 

LOSS; DESTRUCTION; CONDEMNATION OR DAMAGE 

Section 12.1. Destruction of the Building. (a) Subject to the terms of this Article 12, if the Building is totally or
partially damaged or destroyed by Casualty, Lessee shall restore the Building to the same or better condition as existed immediately prior to such Casualty. Lessee shall have no obligation to repair and restore Lessee’s Equipment and
Personalty, trade fixtures, decorations, signs, contents, or any non-standard improvements to the Premises. If (i) the Casualty results in damage to the Building which will take in excess of (A) two hundred seventy (270) days from the
beginning of restoration to restore (as reasonably determined by an independent registered architect engaged by Lessor who will certify to Lessor and Lessee as soon as practicable, but in any event within forty-five (45) days after the Casualty
the amount of time needed to restore) the Building to the same condition as existed immediately prior to such Casualty, using standard working methods, and such Casualty occurs at any time during the then current Lease Term, or (B) three
(3) months from the beginning of restoration to restore (as reasonably determined by such architect in the same manner as in clause (A) above) the Building to the same condition as existed immediately prior to such Casualty and such
Casualty occurs during the last twelve (12) months of the then current Lease Term; (ii) the repair, restoration or reconstruction is prohibited by any zoning ordinance, building code or other Applicable Law, which in Lessor’s
commercially reasonable determination, makes the rebuilding of the Building not economically viable, then Lessor may elect to terminate this Lease upon giving notice of such election in writing to Lessee within sixty (60) days after the
occurrence of the Casualty, which notice shall specify a proposed termination date not earlier than the later of (x) one hundred twenty (120) days after the Casualty and (y) sixty (60) days after the date of the notice. 

(b) Lessee shall commence the repair, restoration or rebuilding thereof within ninety (90) days after such Casualty (subject to delays in
the adjustment of insurance and receipt of necessary permits from Governmental Authorities) and shall substantially complete such restoration, repair or rebuilding of the Property or the Building, as the case may be, to the same or better condition
as existed immediately prior to the Casualty as promptly as practicable after the commencement thereof. In such event, this Lease will remain in full force and effect, and Lessee shall be bound by the terms hereof, including the obligation to pay
Rent, subject to the provisions of Article 13. 
 (c) If Lessor elects to terminate this Lease (whether in part or in whole) by notice as
provided above, such termination shall be effective on the proposed termination date specified in the notice provided to Lessee, provided that Lessee shall have the right, upon written notice to Lessor to elect an earlier termination date, not
earlier than thirty (30) days after receipt of such notice. In such event, Lessee shall be obligated to pay to Lessor the Rent accrued to the effective date of such termination, which obligation shall survive such termination, for the portion
of the Property as to which this Lease was terminated. 
 (d) The provisions of this Lease, including this Article 12, constitute an
express agreement between Lessor and Lessee with respect to any and all damage to, or destruction of, all or any part of the Property, and any statute, regulation or case law of the State of California, including without limitation,
Sections 1932(2) and 1933(4) of the California Civil Code, with respect to termination rights arising from damage or destruction shall have no application to this Lease or any damage or destruction to all or any part of the Property. 

  
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 Section 12.2. Lessee’s Right to Terminate. (a) If (i) the architect
determines in accordance with Section 12.1 above that the Casualty resulted in damage to all or a substantial part of the Building which will take in excess of (x) eighteen (18) months from the beginning of restoration to restore the
Building to the same condition as existed immediately prior to the Casualty and the Casualty occurs at any time during the Lease Term or (y) three (3) months from the beginning of restoration to restore the Building to the same condition
as existed immediately prior to the Casualty and the Casualty occurs during the last twelve (12) months of the then current Lease Term, but Lessor does not elect to terminate this Lease, or (ii) as a result of a Casualty to the Building,
Lessee must either (A) cease its operations at such Building for a period of fifteen (15) months or more, (B) move a Substantial Portion of its operations from the Building or relocate a Substantial Percentage of its employees from
the Building to another location not on the Property for a period of fifteen (15) months or more or (C) lay off a Substantial Percentage of its employees working at the Building for a period of fifteen (15) months or more (any of the
foregoing Casualties described in clause (i) or (ii), a “Substantial Casualty”), then Lessee may elect to terminate this Lease upon giving notice of such election in writing to Lessor within sixty (60) days after Lessee is
notified in writing of the architect’s determination as to the time required to restore the Building or Lessee determines that a Substantial Casualty under clause (ii) above has occurred, which notice shall specify a termination date not
earlier than sixty (60) days after the date of the notice. 
 (b) If Lessee elects to terminate this Lease pursuant to
Section 12.2(a), then Lessee shall pay to Lessor the excess, if any, of the discounted Present Value of the Rent that would otherwise become due for the Property for the period of time commencing on the date of termination of this Lease and
ending on the last day of the Lease Term over the discounted Present Value of the Fair Market Rent that Lessor can reasonably be expected to collect after restoration of the Property through the end of the Lease Term (assuming reasonable periods of
time to prepare plans, secure permits and rebuild the Property substantially to its condition prior to the Casualty and to market and re-lease the Property to another tenant or tenants, all as determined pursuant to Section 12.2(c)).
Lessee’s obligation to rebuild is separate from, and not affected by, Lessee’s and Lessor’s rights hereunder to terminate the Lease. 

If the Lease is terminated by either Lessee or Lessor as the result of a Casualty, then Lessor shall have the option, by giving written notice
to Lessee, to rebuild and restore the Property in lieu of Lessee repairing the damage and restoring the Property. In that event, Lessor shall receive from Lessee either the insurance proceeds (plus any deductible), or, if Lessee is then
self-insuring, the amount that would have been received in insurance proceeds (including any deductible) paid in response to the adjusted loss to restore the Property from damage due to the casualty. 

  
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 Lessor acknowledges that if it elects not to have the Property restored after a casualty and the
Lease is terminated, then payment to it from either insurance proceeds or Lessee under self-insurance shall be only such amount as represents the fair market value of the Property as of the date of the Casualty, and not an amount equal to the full
replacement cost to restore the Property. 
 (c) If Lessor and Lessee cannot agree on the discounted Present Value of the Fair Market Rent
that Lessor could reasonably be expected to collect after restoration of the Property (or portion thereof), such discounted Present Value of the Fair Market Rent will be determined by appraisal in accordance with the Appraisal Procedure. The period
of time required to rebuild the Building will be determined by two independent registered architects, one selected by Lessor and one selected by Lessee, assuming the reasonably prompt and efficient engagement of and work by architects, contractors
and others necessary to rebuild the Building. The period of time that it would take to re-lease the Building after the reconstruction and/or repair thereof will be determined by two independent commercial real estate brokers, one selected by Lessor
and one selected by Lessee, and each familiar with properties similar to the Property and with the commercial lease market in the area. The determinations of such architects and brokers shall be binding on the parties. If such architects or brokers
cannot agree on the period of time to rebuild or re-lease the Building within twenty (20) Business Days after the their appointment, then a third architect or broker, as the case may be, shall be selected by the two other architects or brokers,
as applicable or, failing agreement as to such third architect or broker within thirty (30) Business Days after the appointment of the others, by the American Arbitration Association office in the City (or if none, then the closest city that
does have an office). The determinations of the relevant periods of time of the three architects or brokers, as the case may be, shall be made within twenty (20) Business Days of the appointment of the third such Person; such three time periods
shall be averaged and such average time period shall be the time period required to rebuild or re-lease the Building, provided that if any one of the three determinations diverges from such average by ten percent (10%) or more, that
determination shall be discarded and the average of the remaining two determinations shall be the applicable time period binding on the parties. The fees and expenses of the architect and broker appointed by a party shall be paid by such party; the
fees and expenses of a third architect or broker shall be divided equally between the two parties. Lessee shall be released from any and all obligations hereunder arising from and after such termination, other than the obligation to pay such
discounted present value of the Rent. 
 Section 12.3. Condemnation. (a) In the event of a Total Taking of the Property,
the Lease Term shall terminate upon the earlier of delivery of possession of the Property to the condemning authority or the effective date of the taking and Lessee shall be obligated to pay to Lessor the sum of (i) any unpaid Base Rent
accruing to the date of termination, plus (ii) after determination of the amount of the Award attributable to the discounted Present Value of the Fair Market Rent as provided in paragraph (d) below, the amount, if any, required to be paid
by Lessee under paragraph (e) below. 
 (b) If a Minor Condemnation occurs, Lessor shall repair and restore the Property, to the extent
practicable and as provided in this Section 12.3, to the condition as existed 

  
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immediately prior to the Minor Condemnation and shall use the Award to pay the costs thereof. Notwithstanding the occurrence of a Minor Condemnation, the obligation of Lessee to pay scheduled
Rent to Lessor shall continue subject to Section 13.1, and Lessee shall be entitled to any rent interruption insurance proceeds payable in connection therewith and the amount of the Award payable to Lessee pursuant to paragraph (c) below.
Lessee hereby waives any and all rights it might otherwise have pursuant to Section 1265.130 of the California Code of Civil Procedure, or any other California law, statute or ordinance now or hereafter in effect, to seek termination of this
Lease in the event of a Minor Condemnation. 
 (c) Any award, compensation or damages (the “Award”) for a Minor
Condemnation or a Total Taking shall be paid to and be the sole property of Lessor whether the Award shall be made as compensation for diminution of the value of the leasehold estate or the fee of the Property or otherwise, and Lessee hereby assigns
to Lessor all of Lessee’s right, title and interest in and to any and all of the Award; provided that, to the extent the Award would not diminished, Lessee shall have the right to make a separate claim against the condemning authority (but not
Lessor) for such compensation as may be separately awarded or recoverable by Lessee for moving, if a separate award for such items is made to Lessee; and provided further that Lessee shall have an independent right to make a claim for any
Condemnation of Lessee’s Equipment and Personalty. Any portion of the Award that is not required to be expended by Lessor for repairing or restoration shall be retained by Lessor as Lessor’s sole property. 

(d) The amount of any Award payable to Lessor on account of a Total Taking (not including any separate award payable to Lessee for moving or
for condemnation of Lessee’s Equipment and Personalty) that is attributable to the Fair Market Rent that would be payable for the remainder of the then current Lease Term shall be ascertained through the Appraisal Procedure and such amount
shall be discounted to the Present Value thereof. 
 (e) If the discounted Present Value of the Rent that would have become due from the
date of termination of this Lease to the end of the then current Lease Term exceeds the amount of the award attributable to the discounted Present Value of the Fair Market Rent as determined under paragraph (d) above, Lessee shall pay to
Lessor, within ten (10) Business Days after the determination thereof, the amount of such excess. If the amount of the Award attributable to the discounted Present Value of the Fair Market Rent as determined under paragraph (d) above
exceeds the discounted Present Value of the Rent that would have become due hereunder, Lessee shall not make any additional payment to Lessor and Lessor shall not have any obligation to remit any portion of the Award to Lessee. 

ARTICLE 13. 
 REDUCTION OF RENT

 Section 13.1. Reduction of Rent. If after any repair, restoration or rebuilding required to be undertaken by Lessor as a
result of a Casualty or Minor Condemnation there is a permanent reduction in the rentable square feet of the Building located on the Property available to or occupied by Lessee, then the Base Rent shall be proportionately reduced from the date of
determination of such permanent reduction through the end of the Lease Term. The proportionate reduction shall be computed on, as applicable, (i) the basis that the rentable square 

  
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feet of the Building from time to time available to Lessee after the Casualty or Minor Condemnation bears to the aggregate rentable square feet of the Building prior to the Casualty or Minor
Condemnation. Any reduction in Rent shall become effective as of the determination of such permanent reduction. To the extent Lessee shall have paid any Base Rent for any period after such determination of permanent reduction in an amount which did
not take into account the applicable reduction in Base Rent pursuant to this Section 13.1, Lessor shall remit the excess payment to Lessee within thirty (30) Business Days. 

ARTICLE 14. 
 SUBLEASE 

Section 14.1. Subleasing Permitted; Lessee Remains Obligated. Lessee may at any time and from time to time, directly or
indirectly through one or more Affiliates or Persons, (“Related Persons”), sublease the Property or any portion or portions thereof to any Person or permit the occupancy of the Property or any portion or portions thereof by any
Person. No such sublease, sub-sublease, license, occupancy agreement or similar agreement (each, a “Sublease”) shall release Lessee and Guarantor from its primary liability for the performance
of its duties and obligations hereunder, and Lessee and Guarantor shall continue to be obligated for all obligations of “Lessee” in this Lease, which obligations shall continue in full effect as though no Sublease had been made. 

Section 14.2 Service Providers. Lessor acknowledges that Lessee in the course and custom of its business has provided space and
will continue to provide space in its offices and elsewhere at the Property on a regular basis to Lessee’s customers, subcontractors, vendors and other service providers who provide services integral to Lessee’s business and operations.
Such furnishings of space shall not constitute an assignment or sublease for purposes of this Lease, regardless of the terms or conditions upon which Lessee provides the same. 

ARTICLE 15. 
 INSPECTION 

Section 15.1. Inspection. Upon at least two (2) Business Days’ prior written notice to Lessee, Lessor and its
representatives and agents (each, an “Inspecting Party”), may from time to time (but not more frequently than one time per calendar quarter), during normal business hours and in a commercially reasonable manner and at their own risk, to
inspect the Property, to verify compliance with the provisions of this Lease. No Sublease shall contain any restrictions on inspection other than as set forth herein. The Inspecting Party shall repair any damage caused by any inspection performed
pursuant to this Section 15.1. Lessee shall have the right to have its representatives, including security guards, present at any such inspection. In addition, Lessee may designate one or more reasonably sized “secure areas” to which
no Inspecting Party shall have access and the Inspecting Party shall comply with Lessee’s other reasonable security requirements. Notwithstanding the foregoing, Lessor shall have the right to inspect such “secure areas” if required by
Lessor’s board of directors or auditors, subject to a representative of Lessee being present at all times with the Inspecting Party. No video or other photography of any such area shall be permitted. Each Inspecting Party agrees to hold in
confidence all proprietary information and trade secrets of which it becomes aware during such 

  
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inspection. All such inspections shall be at Lessor’s expense. In no event shall such inspections materially disrupt Lessee’s ongoing business operations within the Building or on the
Property. Notwithstanding anything in this Lease to the contrary, no prior notice to Lessee is required for Lessor’s inspection resulting from an emergency. For the period of six (6) months prior to the expiration of the term of this
Lease, Lessor may show the Property to prospective tenants upon at least two (2) Business Days’ prior written notice to Lessee. In addition, at any time during the term of this Lease, Lessor shall have a right show the Property to
prospective purchasers of the Property, subject to the Lease, upon at least two (2) Business Days’ prior written notice to Lessee and subject to such parties being accompanied at all times by a Lessee representative. 

ARTICLE 16. 
 LEASE EVENTS OF
DEFAULT 
 Section 16.1. Lease Events of Default. Each of the following events shall constitute a “Lease Event of
Default”: 
 (a) Lessee shall fail to make any payment of Base Rent and such failure shall continue for a period of five
(5) Business Days after written notice from Lessor to Lessee that such amount is due and unpaid (except that Lessor shall not be required to provide written notice of the failure to pay Base Rent more than two (2) times in any twelve
(12) month period); 
 (b) Lessee shall fail to make any payment of Supplemental Rent, and such failure shall continue for a period of
five (5) Business Days after written notice of such failure to Lessee from Lessor (except that Lessor shall not be required to provide written notice of the failure to pay Supplemental Rent more than two (2) times in any twelve
(12) month period); 
 (c) Lessee shall fail to timely perform or observe any covenant or agreement (not otherwise specified in this
Article 16) to be performed or observed by it hereunder and such failure shall continue for a period of thirty (30) days after written notice thereof from Lessor to Lessee; provided that the continuation of such a failure for thirty
(30) days or longer after such notice shall not constitute a Lease Event of Default if such failure can be cured, but cannot reasonably be cured within such thirty (30) day period, and Lessee shall commence to cure such failure within such
thirty (30) day period and shall be diligently and continuously prosecuting the cure of such failure; 
 (d) Lessee shall fail to carry
or maintain in full force any insurance required hereunder, and such failure shall continue for thirty (30) days after such obligations arise, but not beyond the expiration date of any required policy of insurance; 

(e) Any representation or warranty made by Lessee herein shall prove to have been incorrect in any material respect when such representation
or warranty was made, shall remain materially incorrect at the time in question and shall not be cured in all material respects within thirty (30) days after written notice to Lessee thereof, provided that the continuation of such a failure for
thirty (30) days or longer after such notice shall not constitute a Lease Event of Default if such failure can be cured, but cannot reasonably be cured within such thirty (30) day period, and Lessee shall commence to cure such failure
within such thirty (30) day period and shall be diligently and continuously prosecuting the cure of such failure; and 

  
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 (f) (i) Lessee or Guarantor makes any general arrangement or assignment for the benefit of
creditors, a transfer in fraud of creditors or shall become insolvent; (ii) Lessee or Guarantor becomes a “debtor” as defined in 11 U.S.C. § 101 or any successor statute thereto (unless, in the case of a petition filed
against Lessee, the same is dismissed within ninety (90) days); (iii) the appointment of a trustee or receiver to take possession of substantially all of the assets of Lessee or Guarantor where possession is not restored to Lessee within
ninety (90) days; (iv) the attachment, execution or other judicial seizure of substantially all of the assets of Lessee or Guarantor where such seizure is not discharged within ninety (90) days; (v) Lessee or Guarantor admits in
writing its inability to pay its debts generally as they become due; (vi) Lessee or Guarantor files a petition or answer seeking reorganization, arrangement or other protection under the Federal bankruptcy laws or any other applicable law or
statute of the United States of America or any State thereof; (vii) Lessee or Guarantor is liquidated or dissolved, or placed under conservatorship or other protection under any applicable Federal or state law; (viii) any petition is filed
by or against Lessee or Guarantor under Federal bankruptcy laws, or any other proceeding is instituted by or against Lessee or Guarantor seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, reorganization, arrangement,
adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar
official for Lessee or Guarantor, or for any substantial part of the property of Lessee, and such proceeding is not dismissed within ninety (90) days after institution thereof; or (ix) Lessee or Guarantor shall take any action to authorize
or effect any of the actions set forth above in this clause (f). 
 (g) Lessee’s interest under this Lease is sold under execution or
other legal process. 
 (h) Lessee’s interest under this Lease is modified or altered by any unauthorized assignment or subletting or
by operation of law. 
 (i) Lessee’s failure to take occupancy of the Property when same is tendered by Lessor to Lessee, unless Base
Rent and Supplemental Rent have been prepaid to cover the applicable period of non-occupancy. 
 (j) Lessee’s or Guarantor’s
failure to comply with the requirements of Section 25.26 of this Lease. 
 Any notice required under this Section 16.1 shall be in
lieu of, and not in addition to, any notice required under California Code of Civil Procedure Section 1161 or any successor law. 

  
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 ARTICLE 17. 

ENFORCEMENT 
 Section 17.1.
Lessor Remedies. Upon the occurrence of any Lease Event of Default and at any time thereafter so long as the same shall be continuing, Lessor may, at its option, by notice to Lessee do one or more of the following as Lessor in its sole
discretion shall determine: 
 (a) In addition to any other remedies available to Lessor under this Lease, at law or in equity, Lessor shall
have the immediate option to terminate this Lease and all rights of Lessee hereunder and Lessor shall have all the rights and remedies of a Lessor provided by Section 1951.2 of the California Civil Code. In the event that Lessor shall elect to
so terminate this Lease, then Lessor may recover from Lessee: 
 (i) the worth at the time of award of any unpaid Rent which
had been earned at the time of such termination; plus 
 (ii) the worth at the time of the award of the amount by which the
unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such Rental loss that Lessee proves could have been reasonably avoided; plus 

(iii) the worth at the time of award of the amount by which the unpaid Rent for the balance of the term after the time of award
exceeds the amount of such Rental loss that Lessee proves could be reasonably avoided; plus 
 (iv) any other amount
necessary to compensate Lessor for all the detriment proximately caused by Lessee’s failure to perform its obligations under this Lease or which, in the ordinary course of things, would be likely to result therefrom including, but not limited
to: unamortized Lessee Improvement costs; attorneys’ fees; brokers’ commissions; the costs of refurbishment, alterations, renovation and repair of the Property; and removal (including the repair of any damage caused by such removal) and
storage (or disposal) of Lessee’s personal property, equipment, fixtures, Alterations and any other items which Lessee is required under this Lease to remove but does not remove. 

As used in subparagraphs (i) and (ii) above, the “worth at the time of award” is computed by allowing interest at the
Default Rate. As used in subparagraph (iii) above, the “worth at the time of award” is computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award. 

(b) Assuming that Lessor has not exercised its right to terminate this Lease under paragraph (a) above, Lessor may terminate
Lessee’s right of possession of the Property without terminating this Lease by giving written notice to Lessee that Lessee’s right to possession shall end on the date stated in such notice, whereupon the right of Lessee to possession of
the Property or any part thereof shall cease on the date stated in such notice. If Lessor terminates Lessee’s right of possession of the Property without terminating this Lease, such termination of possession shall not release Lessee, in whole
or in part, from Lessee’s obligation to pay the Rent hereunder for the then current Lease Term. In such event, Lessor shall have the right from time to time to recover from Lessee, and Lessee shall remain liable for, all accrued Rent not
theretofore paid which is due under this Lease during the period from the date of such notice of termination of possession to the date of such demand by Lessor, but not for any period after the last day of the then current Lease Term. In any such
case, Lessor shall not be obligated to use any efforts to relet the Property (which may be for a term extending beyond the then current Lease Term of this Lease. Also, in any such case, Lessor may change the locks or other entry devices of the
Property and make repairs, alterations and additions in or to the Property and redecorate the same 

  
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to the extent deemed by Lessor, in its reasonable judgment, necessary or desirable, and Lessee shall upon written demand pay the reasonable costs thereof, together with any reasonable costs
incurred by Lessor in accomplishing such reletting (the “Additional Expenses”). Lessor may collect the rents from any such reletting and apply the same first to the payment of late charges and default interest, second to the payment of
maintenance, repair and insurance costs, third to the payment of the Additional Expenses and finally to the payment of Rent herein provided to be paid by Lessee, and any excess or residue shall operate as an offsetting credit against the amount of
Rent payable hereunder as the same thereafter becomes due and payable; provided that the use of such offsetting credit to reduce the amount of Rent due Lessor, if any, shall not be deemed to give Lessee any right, title or interest in or to such
excess or residue and any such excess or residue shall belong to Lessor solely; provided further that in no event shall Lessee be entitled to a credit against such Rent in excess of the aggregate amount (including the Rent and any Additional
Expenses payable by Lessee) due hereunder or which would have been paid by Lessee for the period for which the credit to Lessee is being determined had no default occurred. No such reentry, repossession, repairs, alterations, additions or reletting
shall (i) be construed as an eviction or ouster of Lessee or as an election on Lessor’s part to terminate this Lease, unless a written notice of such intention is given to Lessee, or (ii) operate to release Lessee in whole or in part
from any of Lessee’s obligations hereunder, and Lessor may, at any time and from time to time, sue and recover judgment for any deficiencies from time to time remaining after the application from time to time of the proceeds of any such
reletting. 
 (c) Lessor may exercise any other right or remedy that may be available to it under Applicable Laws or in equity, or proceed
by appropriate court action (legal or equitable) to enforce the terms hereof or to recover damages for the breach hereof, including the right and remedies provided by California Civil Code Section 1951.4 (“lessor may continue lease in
effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has right to sublet or assign, subject only to reasonable limitations”). A single suit or separate suits may be brought to collect any such damages
for any period or periods with respect to which Rent shall have accrued, and such suits shall not in any manner prejudice Lessor’s right to collect any such damages for any subsequent period. Lessor may defer any such suit until after the
expiration of the Base Term or the then current Renewal Term, in which event such suit shall be deemed not to have accrued until the expiration of the Base Term or the then current Renewal Term, as the case may be. 

Section 17.2. Survival of Lessee’s Obligations. No repossession of any or all of the Property or exercise of any remedy
under this Lease, including termination of this Lease, shall, except as specifically provided herein, relieve Lessee of any of its liabilities and obligations hereunder, including the obligation to pay Rent. In addition, except as specifically
provided herein, Lessee shall be liable for any and all unpaid Rent due hereunder before, after or during the exercise of any of the foregoing remedies, including the Additional Expenses and reasonable legal fees and other costs and expenses (plus
interest on such amounts from the date payable until the date paid at the Default Rate) incurred by Lessor and Lender by reason of the occurrence of any Lease Event of Default or the exercise of Lessor’s remedies with respect thereto and
including all costs and expenses incurred in connection with the return of the Property in the manner and condition required by, and otherwise in accordance with the provisions of, Article 10 as if the Property were being returned at the end of the
Lease Term. 

  
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 Section 17.3 Remedies Cumulative; No Waiver; Consents; Mitigation of Damages. To the
extent permitted by, and subject to the mandatory requirements of, Applicable Laws, each and every right, power and remedy specifically given to Lessor in this Lease or otherwise available under Applicable Law shall be cumulative and shall be in
addition to every other right, power and remedy herein specifically given or now or hereafter existing at law or in equity, and each and every right, power and remedy whether specifically herein given or otherwise existing may be exercised from time
to time and as often and in such order as may be deemed expedient by Lessor, and the exercise of any power or remedy shall not be construed to be a waiver of the right to exercise at the same time or thereafter any right, power or remedy. No delay
or omission by Lessor in the exercise of any right, power or remedy or in the pursuit of any remedy shall impair any such right, power or remedy or be construed to be a waiver of any default on the part of Lessee or to be an acquiescence therein.
Lessor’s consent to any request made by Lessee shall not be deemed to constitute or preclude the necessity for obtaining Lessor’s consent in the future to all similar requests. No express or implied waiver by Lessor of any Lease Event of
Default shall in any way be, or be construed to be, a waiver of any future or subsequent Lease Event of Default. To the extent that Lessor is required to do so pursuant to California Civil Code Section 1951.2 and without limitation on the
allocation of the burden of proof in said Section, Lessor shall use reasonable efforts to mitigate any damages suffered by Lessor that result from a Lease Event of Default except in connection with Lessor’s exercise of its remedies pursuant to
Section 17.1. No action or inaction by Lessor shall constitute Lessor’s termination of this Lease other than a writing executed by Lessor setting forth Lessor’s election to terminate this Lease. 

ARTICLE 18. 
 RIGHTS TO PERFORM FOR
LESSEE AND LESSOR 
 Section 18.1. Lessor’s Right to Perform for Lessee. If Lessee shall fail to perform or comply with
any of its agreements contained herein, following applicable notice and cure periods as provided in other provisions of this Lease, Lessor shall then provide written notice to Lessee that Lessee has failed to perform or comply with an agreement or
obligation hereunder and specifying the nature of the failure to perform or comply and advising Lessee that if such failure continues for (a) a period of thirty (30) days, in the case of a failure which does not pose a risk of material
damage to the structural components of the Improvements and (b) a period of five (5) days in the case of a failure that poses a risk of material damage to the structural components of the Improvements after this notice, then Lessor may,
but shall not be required to, at its election, exercise its right to perform such repairs and/or obligations for Lessee under this Section 18.1. Thereafter, if Lessee does not perform or comply with its agreement as specified in such notice,
Lessor may perform or comply with such agreement, and Lessor shall not thereby be deemed to have waived any default caused by such failure, and the amount of payment required to be made by Lessee hereunder and made by Lessor on behalf of Lessee, and
all reasonable out-of-pocket third-party costs and expenses of Lessor (including reasonable attorneys’ fees and expenses) incurred in connection with the performance of or compliance with such agreement,
as the case may be, together with interest thereon at the Default Rate, shall be deemed Supplemental Rent, payable by Lessee to Lessor upon demand. In addition, during the continuance of a Lease Event of Default in respect of Lessee’s
obligations under Section 8.2, then, in addition to the rights above and at the cost of Lessee, (a) Lessor shall have the right to hire Persons (as selected by Lessor in its reasonable discretion) to cure such Lease Event of

  
 27 

 
Default and to take any and all other actions necessary to cure such Lease Event of Default and (b) Lessee shall cooperate with Lessor, and the Persons hired by Lessor, in the performance of
such cure, including without limitation (i) providing access (subject to the limitations with respect to access by an Inspecting Party provided in Section 15.1) to the Property at reasonable times during business hours. 

Notwithstanding the foregoing, Lessor shall not be obligated to provide the notice required under this Section 18.1 in the event of an
emergency. 
 Section 18.2. Lessee’s Right to Perform for Lessor. If Lessor shall fail to perform or comply with any of
its agreements contained herein (including without limitation its obligations under Section 8.2), following applicable notice by Lessee as provided in other provisions of this Lease, Lessee shall then provide written notice to Lessor that
Lessor has failed to perform or comply with an agreement or obligation hereunder and specifying the nature of the failure to perform or comply and advising Lessor that if such failure continues for (a) a period of thirty (30) days, in the
case of a failure which does not impact Lessee’s business and operations at the Property, (b) a period of ten (10) days, in the case of a failure that impacts Lessee’s business and operations at the Property and (c) a period
of five (5) days in the case of a failure that impacts Lessee’s business and operations at the Property in a material way or causes an interruption of Lessee’s business and operations after this notice, then Lessee shall exercise its
right to perform for Lessor under this Section 18.2. Thereafter, if Lessor does not perform or comply with its agreement as specified in such notice, Lessee may perform or comply with such agreement, and the amount of payment required to be
made by Lessor hereunder and made by Lessee on behalf of Lessor, and the reasonable out-of-pocket third-party costs and expenses
of Lessee (including reasonable attorneys’ fees and expenses) incurred in connection with the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Default Rate, shall be immediately payable
by Lessor to Lessee upon demand and may be offset against any Rent payment otherwise due hereunder. In addition, in the event Lessor fails to perform its obligations under Section 8.2, then, in addition to the rights above and at the cost of
Lessor, (a) Lessee shall have the right to hire Persons (as selected by Lessee in its reasonable discretion) to perform such obligations of Lessor and (b) Lessor shall cooperate with Lessee, and the Persons hired by Lessee, in the
performance thereof. 
 Notwithstanding the foregoing, Lessee shall not be obligated to provide the notice required under this
Section 18.2 in the event of an emergency. 
 ARTICLE 19. 

INDEMNITIES 

Section 19.1. General Indemnification. Lessee shall indemnify, defend and save harmless Lessor, Lessor’s mortgagee, deed of
trust trustee and beneficiary, Lessor’s ground lessor, if any, and Lessor’s agents, contractors, subcontractors, employees, successors and assigns (collectively, the “Lessor Indemnified Parties”) from and against all Claims
brought by third parties and that arise from Lessee’s or its subtenant’s, assignee’s, agent’s, licensee’s, contractor’s, subcontractor’s, concessionaire’s or employee’s or existing tenant’s (Lessee
and such other parties collectively, the “Lessee Parties”) use and occupancy of 

  
 28 

 
the Property or from any other activity, work or thing done, permitted or suffered by any Lessee Party on or about the Property, but this indemnity shall not include any damages or Claims by
third parties arising from or relating to any activity, work or thing done on or about the Property by any Lessor Party (as defined below). If any proceeding covered by this Section 19.1 is filed by a third party against any Lessor Indemnified
Party, then at Lessor’s request, Lessee shall defend such Lessor Indemnified Party in such proceeding at Lessee’s sole cost with legal counsel selected by Lessee and reasonably satisfactory to Lessor. In no event shall Lessee be
obligated to indemnify any Lessor Indemnified Party for any damages or Claims arising out of the grossly negligent act or omission or any willful misconduct of Lessor or any other Lessor Indemnified Party. This Section 19.1 shall survive the
expiration or earlier termination of this Lease. 
 Section 19.2 No Third Party Environmental Indemnification. The parties
agree that neither of them shall be obligated to indemnify, defend or hold harmless the other for any Claim or liability arising under any Environmental Law as a result of the action, failure to act or negligence of any other Person (except in the
case of Lessee, itself or the Lessee Parties, and in the case of Lessor, itself or the Lessor Parties) on or about the Property or on any surrounding property. 

Section 19.3 Drainage Easement Indemnification. Lessor acknowledges that Lessee has disclosed to Lessor, and Lessor is aware of,
the existence of a platted drainage easement that runs directly under the building on the Property (the “Drainage Easement”). The Drainage Easement is of record and shown on the recorded plat of the Property, as well as on Lessor’s
survey of the Property, and is listed as a Schedule B exception to Lessor’s owner title insurance coverage. Subject to the Cap set out below, Lessee will indemnify and hold Lessor, and all subsequent owners of the Property, (the
“Indemnified Parties”), harmless from all costs, liabilities, losses and damages actually incurred by the Indemnified Parties, or any of them, as a result of or arising from the Drainage Easement being located under the existing building
on the Property, and all governmental proceeding arising therefrom, if any, including any legal or other third party expenses incurred by the Indemnified Parties related thereto. This indemnification shall survive after the termination of this Lease
and continue in full force and affect for the benefit of Lessor, and all subsequent owners of the Property. Provided, however, notwithstanding anything contained in the foregoing provisions of this Section 19.3 to the contrary, the maximum
liability of Lessee to the Indemnified Parties, collectively, under this indemnity as to the Drainage Easement shall not exceed, and is capped at, Five Hundred Thousand Dollars ($500,000.00) (the “Cap”) and Lessee shall have no further or
other liability, in excess of the Cap, to the Indemnified Parties, or any of them, for any matter under this Section 19.3. For purposes of clarity, the Cap is the maximum liability of Lessee, in the aggregate, to the Indemnified Parties and is
not per indemnitor. Lessee shall endeavor to use commercially reasonable efforts, at its sole cost and expense, to secure either i) a letter from the City of San Diego approving the construction of the building over the Drainage Easement; or ii) a
vacation of the Drainage Easement. 

  
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 ARTICLE 20. 

LESSEE REPRESENTATIONS AND COVENANTS 

Section 20.1. Representations and Warranties. Lessee represents and warrants to Lessor that the following are true and correct as
of the Closing Date: 
 (a) Due Organization. Lessee is a corporation duly organized, validly existing and in good standing in
the State of Delaware and qualified to do business and in good standing in the State in which the Property is located. Lessee has the corporate power and authority to conduct its business as now conducted, to lease the Property and to enter into and
perform its obligations under this Lease. Lessee is duly qualified to do business and is in good standing as a foreign corporation in California and any jurisdiction where the failure to so qualify would have a material adverse effect on its ability
to perform its obligations under this Lease. 
 (b) Due Authorization; No Conflict. This Lease has been duly authorized
by all necessary corporate action on the part of Lessee and has been duly executed and delivered by Lessee, and the execution, delivery and performance hereof by Lessee will not contravene or result in any breach of or constitute any default under
any agreement or instrument to which Lessee is a party or by which Lessee is bound. 
 (c) Governmental Action. All
Governmental Action required in connection with the execution, delivery and performance by Lessee of this Lease has been or will have been obtained, given or made. 

(d) Enforceability. This Lease constitutes the legal, valid and binding obligation of Lessee, enforceable against Lessee in
accordance with its terms, except as enforceability may be limited by bankruptcy, moratorium, fraudulent conveyance, insolvency, equitable principles or other similar laws affecting the enforcement of creditors’ rights in general. 

(e) Bankruptcy. No bankruptcy, reorganization, arrangement or insolvency proceedings are pending, threatened or contemplated by
Lessee, and Lessee has not made a general assignment for the benefit of creditors. 
 (f) Legal Proceedings. To
Lessee’s Actual Knowledge, there are no pending or threatened actions, suits or proceedings by or before any court or Governmental Authority against or affecting Lessee with respect to the Property. 

(g) Licenses and Permits. To Lessee’s Actual Knowledge, Lessee has not received any notices of any violations from any
Governmental Authority with respect to the Property which have not been corrected to the satisfaction of the issuer of the notice.  

(h) Nondiscrimination. As required by certain agreements affecting the Property, Lessee covenants by and for itself, its successors and
assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, national origin or
ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property herein leased, nor shall the Lessee itself or any person claiming under or through it, establish or permit any such practice or practices of
discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the land herein leased. 

  
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 ARTICLE 21. 

[INTENTIONALLY DELETED] 
 ARTICLE
22. 
 BROKERAGE 

Section 22.1 Brokers. Lessor and Lessee warrant and represent to each other that neither has dealt with any broker or brokers regarding
the negotiation of this Lease, other than Lessor and Lessee’s dealings with the Broker, and shall indemnify and hold the other harmless from any claim for brokerage, finder fee or other commission arising from this transaction to the extend due
to the actions of such party. Broker shall be compensated by Lessee as provided pursuant to separate agreement. 
 ARTICLE 23. 

TRANSFER OF LESSOR’S INTEREST 

Section 23.1. Permitted Transfer. Subject to Article 4, Lessor may transfer all, or any part of, its right, title and interest in
and to the Property and its rights under this Lease, other than to any Significant Competitor, on the following terms and conditions, each of which shall be satisfied prior to the effective date of the transfer (other than a transfer by a
deed-in-lieu of foreclosure or similar transfer made in connection with an exercise of remedies under the Mortgage): 
 (a) such transfer
shall be in compliance with the Mortgage and related documents (if still in place) and with all Applicable Laws and shall not create a relationship which would violate any Applicable Law; 

(b) the transferor shall have given or at closing shall give to Lessee notice of such transfer, which notice shall contain such information
and evidence as shall be reasonably necessary to establish compliance with this Article 23 and the name and address of the transferee for notices; 

(c) no transfer may be made of less than all of the legal parcels comprising the Property; and 

(d) in the event that, after giving effect to Lessor’s transfer of its interest in the Property and it rights under this Lease, there is
more than one holder of an interest in the Property, Lessor and such transferees shall designate in the notice to Lessee one point of contact for all notices, correspondence and Rent payments from Lessee from and after the effective date of such
transfer. 
 Section 23.2. Effects of Transfer. From and after any transfer by Lessor, Lessor shall be released, to the extent
of the interest transferred and the obligations assumed by the transferee, from its liability hereunder. Such release shall be in respect of obligations that are assumed by the transferee arising on or after the date of such transfer. Upon any
transfer by Lessor of the Property as above provided, any such transferee shall be deemed 

  
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the “Lessor” for all purposes of this Lease and each reference herein to Lessor shall thereafter be deemed a reference to such transferee for all purposes, except to the extent that
Lessor retains any obligations hereunder. 
 ARTICLE 24. 

PERMITTED FINANCING 

Section 24.1. Financing During Lease Term. Subject to the terms of this Section 24.1, Lessee’s rights under this Lease
are subordinate to any underlying Leases, existing easements, licenses, or deeds of trust, mortgages or other security interest now or hereafter affecting the Premises or Lessor’s Property, provided that Lessee’s tenancy is not disturbed.
To the fullest extent allowed by applicable law, the foregoing subordination is self-operative and no further instrument of subordination is required; provided, however, Lessee hereby agrees to execute, at the Lessor’s request, any customary
and reasonable instrument which the Lessor or any lender may deem necessary or desirable to effect the subordination and nondisturbance of this Lease to any such mortgage. Attached to this Lease as Exhibit “D” is a form of the
Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) that the parties agree is reasonable and customary. Provided that Lessee receives a nondisturbance agreement executed by Lessor and the Lender, Lender will, without charge,
execute, acknowledge and deliver to the Lessor the Subordination, Non-Disturbance and Attornment Agreement (or such other form which is customary and reasonable, as determined by Lender, in its reasonable discretion) in recordable form, within ten
(10) business days after such receipt of the applicable form. Notwithstanding the foregoing, the Lender may unilaterally elect to subordinate its mortgages and liens to this Lease. In no event will the Lessee be required to guarantee or be
obligated on such mortgage or lien. If Lessor puts financing on the Property as of the Effective Date, then upon the commencement of this Lease, Lender shall provide an SNDA to Lessee, for recording at Lessee’s cost. No SNDA upon the
commencement of the Lease will be required if there is no Lender at that time. 
 Section 24.2. Lessee’s Consent to Assignment
for Indebtedness. Lessee acknowledges that in order to secure Lessor’s obligations to Lender, Lessor may agree, among other things, to the assignment (to the extent provided therein) to Lender of Lessor’s right, title and interest to
this Lease. While the Mortgage or any replacements thereof are in effect and provided that Lessor has notified Lessee in writing of the existence and name and address of Lender, Lessee hereby: 

(a) consents to such assignment of this Lease; and 

(b) covenants to, if so directed by Lessor, make payment directly to Lender or its designee in accordance with the terms of this Lease of Base
Rent and any amounts payable under Article 17. 
 ARTICLE 25. 

MISCELLANEOUS 

Section 25.1. Binding Effect; Successors and Assigns; Survival. The terms and provisions of this Lease, and the respective rights
and obligations hereunder of 

  
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Lessor and Lessee, shall be binding upon their respective successors, legal representatives and assigns (including, in the case of Lessor, any Person to whom Lessor may transfer the Property in
accordance with Article 23) and inure to the benefit of their respective permitted successors and assigns, and the rights hereunder of Lender shall inure (subject to such conditions as are contained herein) to the benefit of its permitted successors
and assigns. 
 Section 25.2. Quiet Enjoyment. So long as Lessee complies with the terms, covenants and provisions of this
Lease, Lessor covenants and agrees that Lessee shall have the right to peaceably and quietly hold, possess and use any and all of the Property hereunder during the Lease Term. 

Section 25.3. Notices. Unless otherwise specifically provided herein, all notices, consents, directions, approvals, instructions,
requests and other communications required or permitted by the terms hereof to be given to any Person shall be in writing sent to either that Person’s Address, with a copy thereof to be sent to each Person to receive a copy pursuant to the
definition of “Address”, by (a) a prepaid nationally recognized overnight courier service, in which event such notice shall be deemed received one (1) Business Day after delivery to such courier service specifying overnight
delivery, or (b) U.S. certified or registered mail, return receipt requested, postage prepaid, in which event such notice shall be deemed received when actually received, as evidenced by the return receipt, or when delivery is first refused.
From time to time, either party may designate a new Address for purposes of notice hereunder by giving fifteen (15) days’ written notice thereof to each of the other parties hereto. All notices given hereunder shall be irrevocable unless
expressly specified otherwise. Lessor shall label any envelope which contains a notice of default with the legend “Default Notice”. 

Section 25.4. Severability. Any provision of this Lease that shall be prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction, and each party hereto shall remain liable to perform its obligations hereunder except to the extent of such unenforceability. To the extent permitted by applicable law, Lessee hereby waives any
provision of law that renders any provision hereof prohibited or unenforceable in any respect. 
 Section 25.5. Amendments,
Complete Agreements. Neither this Lease nor any of the terms hereof may be terminated, amended, supplemented, waived or modified orally, but may be terminated, amended, supplemented, waived or modified only by an instrument in writing signed by
the party against which the enforcement of the termination, amendment, supplement, waiver or modification shall be sought. This Lease is intended by the parties as a final expression of their lease agreement and as a complete and exclusive statement
of the terms thereof, all negotiations, considerations and representations between the parties having been incorporated herein. No representations, undertakings, or agreements have been made or relied upon in the making of this Lease other than
those specifically set forth herein. 

  
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 Section 25.6. Headings. The Table of Contents and headings of the various Articles
and Sections of this Lease are for convenience of reference only and shall not modify, define or limit any of the terms or provisions hereof. 

Section 25.7. Counterparts. This Lease may be executed by the parties hereto in separate counterparts, each of which when so
executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. 

Section 25.8. Governing Law. This Lease shall be governed by, and construed in accordance with, the laws of the State in which
the Property is located, excluding its conflict of laws provisions. 
 SUBJECT TO ARTICLE 27, EACH OF LESSOR AND LESSEE HEREBY SUBMITS TO
JURISDICTION OF THE FEDERAL COURTS HAVING JURISDICTION GENERALLY IN THE LOCATION OF THE PROPERTY, (AND ANY APPELLATE COURTS TAKING APPEALS THEREFROM) FOR THE ENFORCEMENT OF SUCH PERSON’S OBLIGATIONS HEREUNDER (OR IF SUCH COURT DOES NOT HAVE
JURISDICTION THEN TO JURISDICTION OF THE CIRCUIT COURT FOR THE COUNTY IN WHICH THE PROPERTY IS LOCATED). EACH OF LESSOR AND LESSEE HEREBY WAIVES AND AGREES NOT TO ASSERT AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO
THIS LEASE AND BROUGHT IN ANY SUCH COURT IN THE STATE (A) THAT IT IS NOT SUBJECT TO SUCH JURISDICTION OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN THOSE COURTS OR THAT IT IS EXEMPT OR IMMUNE FROM
EXECUTION, (B) THAT THE ACTION, SUIT OR PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM OR (C) THAT THE VENUE OF THE ACTION, SUIT OR PROCEEDING IS IMPROPER. TO THE EXTENT PERMITTED BY LAW, LESSEE AND LESSOR EACH HEREBY EXPRESSLY WAIVES ANY
AND ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING RELATED TO THE ENFORCEMENT OF THIS LEASE. 
 Section 25.9.
Memorandum. Lessee and Lessor agree that a memorandum of this Lease (and any amendment hereof) in the form attached hereto as Exhibit B shall be executed and recorded, at Lessee’s expense, in the land records of the jurisdiction
in which the Property is located. 
 Section 25.10. Estoppel Certificates. Each party hereto agrees that at any time and from
time to time during the Lease Term (but on no more than two occasions during each Lease Year), it will promptly, but in no event later than ten (10) days after request by the other party hereto, execute, acknowledge and deliver to such
other party a certificate in the form of Exhibit C attached hereto. Such certificate may be relied upon by any bona fide, permitted purchaser of, or mortgagee with respect to, Lessor’s or Lessee’s interest in the Property (direct or
indirect), or any prospective sublessee of Lessee in respect of all or a portion of the Property. 
 Section 25.11. Lessee
Easements. Lessor does hereby grant to Lessee, and Lessor shall execute, upon request, such further or other executed and notarized 

  
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documents, in recordable form, to evidence a non-exclusive easement for all existing communications or other infrastructure of Pacific Bell Telephone Company, or AT&T Inc., or AT&T
Services, Inc. or affiliates of any of them, within the Building or about the Property which are presently utilized by any of said entities in the furtherance of their business or utilization of the Property and business conducted thereon. 

Provided no Default or Event of Default exists, upon request by Lessee and subject to the receipt of the approval of any Lender, Lessor agrees
(i) to enter into or modify with Lessee, at Lessee’s expense, such easements, covenants, waivers, approvals or restrictions for utilities, parking or other matters as Lessee may desire for the operation of the Leased Premises
(collectively, “Lessee Easements”); provided, that Lessor shall be obligated to take any such action only if (a) any such Lessee Easements, do not adversely affect the fair market value of the Property or render the use of the
Property dependent upon any other property or condition the use of the Property upon the use of any other property, (b) any such Lessee Easements do not impair Lessee’s use or operation of the Property and is not detrimental to the proper
conduct of Lessee’s business on the Property, (c) Lessee advises Lessor of the amount of the consideration, if any, being paid for such Lessee Easements and that Lessee considers the consideration, if any, being paid for such Lessee
Easements to be fair and adequate, (d) for so long as this Lease is in effect, Lessee will perform all obligations, if any, imposed on the Property under the applicable instrument evidencing such Lessee Easement and Lessee will remain obligated
under this Lease in accordance with its terms, and (e) Lessee pays all costs and expenses incurred by Lessor and Lender, including, without limitation, title bring-down, insurance costs and attorneys’ fees in connection with said Lessee
Easements including, without limitation, reasonable attorneys’ fees, all of which (items (a) - (e) above) Lessee shall certify to Lender and Lessor in writing. The obligations of Lessor under
this Paragraph shall also be subject to the satisfaction of the following: (i) the first mortgage Lender have approved and executed a consent to the Lessee Easement; and (ii) Lessee satisfies such conditions as the Lessor may reasonably
request as to the consent to the proposed Lessee Easement. Lessee’s request shall also include (i) the authorized undertaking of Lessee, in form and substance reasonably satisfactory to Lessor, to the effect that Lessee will remain
obligated hereunder to the same extent as if such Lessee Easements had not been effected, and (ii) confirmation of the lien priority of the Mortgage and such instruments, certificates, surveys, title insurance policy endorsements and opinions
of counsel reasonably acceptable to Lessor or its Lender as Lessor or its Lender may reasonably request. 
 Section 25.12. No Joint
Venture. Any intention to create a joint venture or partnership relation between Lessor and Lessee is hereby expressly disclaimed. 

Section 25.13. No Accord and Satisfaction. The acceptance by Lessor of any sums from Lessee (whether as Rent or otherwise) in
amounts which are less than the amounts due and payable by Lessee hereunder is not intended, nor shall be construed, to constitute an accord and satisfaction or compromise of any dispute between such parties regarding sums due and payable by Lessee
hereunder, unless Lessor specifically deems it as such in writing. 
 Section 25.14. No Merger. In no event shall the leasehold
interests, estates or rights of Lessee hereunder, or of Lender, merge with any interests, estates or 

  
 35 

 
rights of Lessor in or to any and all of the Property, it being understood that such leasehold interests, estates and rights of Lessee hereunder, and of Lender, shall be deemed to be separate and
distinct from Lessor’s interests, estates and rights in or to the Property, notwithstanding that any such interests, estates or rights shall at any time or times be held by or vested in the same person, corporation or other entity. 

Section 25.15. Lessor Bankruptcy. During the Lease Term, the parties hereto agree that if Lessee elects to remain in possession
of any and all of the Property after the rejection of this Lease by Lessor under Section 365(h) of the Bankruptcy Code, all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including
Lessee’s purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code or the exercise by Lessee of such purchase rights. 

Section 25.16. Naming and Signage of the Property. (a) Lessee shall have the sole and exclusive right, at any time and from
time to time, during the lease term or any renewal or extension thereof to i) select and/or change the name or names of the Property, and the Improvements, ii) determine not to use any name in connection with the Property; and iii) all rights in
respect of signage for or in connection with the Property. Lessee shall also have the right to petition or apply to the appropriate Governmental Authority to have the names of the public roadways surrounding the Property changed, and Lessor shall,
at Lessee’s sole cost and expense, cooperate with Lessee to effectuate any such name change. Lessor shall not have or acquire any right or interest with respect to any such name or names used at any time by Lessee, or any trade name, trademark
service mark or other intellectual property of any type of Lessee. Lessor shall cooperate with Lessee to effectuate Lessee’s sign rights hereunder, at no cost to Lessor. Lessee may install any sign or signs on the Property as it elects, at its
sole cost and in compliance with Applicable Laws. Any signs installed by Lessee (other than those existing as of the commencement of the Lease Term) shall be removed by Lessee at the expiration or earlier termination of the Lease Term, and Lessee
shall repair any damage caused by such removal. 
 (b) Lessee’s name and the name of the Property as selected by Lessee pursuant to
this Section 25.16 (the “Property Name”) shall remain the exclusive property of Lessee and nothing contained herein shall grant any Person the right to use Lessee’s name, logo, trademarks or service marks without Lessee’s
prior written consent, which consent may be withheld in Lessee’s sole discretion, provided that Lessor may use the Property Name or Lessee’s name in any filings made by it with the Securities and Exchange Commission or any Government
Authority to the extent such information is required to be included in such filings. Lessor shall reasonably cooperate with Lessee, at Lessee’s sole cost and expense, in such actions as Lessee deems reasonably necessary or appropriate to
protect Lessee’s rights with respect to Lessee’s name, logo, trademarks or service marks and the Property Name selected by Lessee. Upon termination of the Lease, Lessor shall rename the Property and neither Lessor nor any other Person
shall thereafter be permitted to use the Property Name under any circumstances. 
 Section 25.17. Expenses. Whenever this Lease
provides for the reimbursement by Lessee of costs and expenses of Lessor or any other party, or (ii) by Lessor of costs and expenses of Lessee, then such reimbursement obligation shall be limited to actual,
out-of pocket third-party costs and expenses, including without limitation reasonable attorneys’ fees. 

  
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 Section 25.18. Additional Parking. In the event that Lessee reasonably determines
that additional parking needs to be constructed on the Property to accommodate the employee parking at the Property, then Lessee shall notify Lessor. Lessee and Lessor shall then negotiate in good faith for a period not to exceed thirty
(30) days to resolve timing and costs for the construction of such additional parking, as required by Lessee. In the event that the parties are unable to resolve the timing and costs for construction of such additional parking, then Lessee
shall be entitled to obtain all applicable permits for, and commence and complete construction of, such additional parking. In that event, the cost for such additional parking shall be at Lessee’s sole cost and expense. 

Section 25.19. Further Assurances. Lessor and Lessee, at the cost and expense of the requesting party (except as otherwise set
forth in this Lease to the contrary), will cause to be promptly and duly taken, executed, acknowledged and delivered all such further acts, documents and assurances as the other party reasonably may request from time to time in order to carry out
more effectively the intent and purposes of this Lease. Nothing herein shall obligate Lessee to provide to Lessor or Lender any proprietary or confidential information relating to the manner, method and procedures of Lessee’s business
operations. 
 Section 25.20. OFAC Representation. For purposes hereof, “List” shall mean the Specially
Designated Nationals and Blocked Persons List maintained by OFAC and/or on any other similar list maintained by OFAC pursuant to any authorizing statute, executive order or regulation, and “OFAC” shall mean the Office of Foreign
Assets Control, Department of the Treasury. Each party represents and warrants to the other that (i) each Person owning a ten percent (10.00%) or greater interest in such party is (A) not currently identified on the List, and
(B) is not a person with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the
United States and (ii) each party has implemented procedures, and will consistently apply those procedures, to ensure the foregoing representations and warranties remain true and correct at all times. Each party shall comply with all
requirements of law relating to money laundering, anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect and shall use reasonable efforts to notify the other in writing if any of the foregoing representations, warranties
or covenants are no longer true or have been breached or if such party has a reasonable basis to believe that they may no longer be true or have been breached. In addition, at the request of a party, the other party shall provide such information as
may be requested by the requesting to determine the other party’s compliance with the terms hereof. 
 Section 25.21. REIT
Status. If the ownership of the Property is in a Real Estate Investment Trust, then Lessor and Lessee agree that Rent paid to Lessor under this Lease shall qualify as “rents from real property” within the meaning of Section 856(d)
of the Internal Revenue Code of 1986, as amended (the “Code”) and the U.S. Department of Treasury Regulations promulgated thereunder (the “Regulations”). Should the Code or the Regulations, or interpretations thereof by the
Internal Revenue Service contained in Revenue Rulings, be changed so that any Base Rent or Supplemental Rent no longer qualifies as “rent from real property” for the purposes of Section 856(d) of the Code and the Regulations
promulgated thereunder, other than by reason of the application of Section 856(d)(2)(B) or 856(d)(5) of the Code or the Regulations relating thereto, such Base Rent or Supplemental Rent shall be adjusted

  
 37 

 
so that it will so qualify; provided, however, that any adjustments required pursuant to this Section shall be made so as to produce the equivalent (in economic terms) Base Rent or Supplemental
as payable prior to such adjustment. 
 Section 25.22. Lessor Exculpation. Anything to the contrary in this Lease
notwithstanding, the covenants contained in this Lease to be performed by Lessor shall not be binding on any member of Lessor in its or his or her individual capacity, but instead said covenants are made for the purpose of binding only Lessor’s
right, title and interest in and to the Property, and neither Lessor nor any of its Affiliates or successors and assigns shall have any liability under this Lease in excess of, and Lessee shall have no recourse under this Lease against Lessor or any
Affiliate of it except for Lessor’s interest in the Property, Rent and proceeds of the Property. 
 Section 25.23. Remedies
Cumulative. To the extent permitted by, and subject to the mandatory requirements of, Applicable Laws, each and every right, power and remedy herein specifically given to Lessor in this Lease or otherwise existing at law or in equity shall be
cumulative and shall be in addition to every other right, power and remedy herein specifically given or now or hereafter existing at law, in equity or by statute, and each and every right, power and remedy whether specifically herein given or
otherwise existing may be exercised from time to time and as often and in such order as may be deemed expedient by Lessor. No delay or omission by Lessor in the exercise of any right, power or remedy or in the pursuit of any remedy shall impair any
such right, power or remedy or be construed to be a waiver of any default on the part of Lessee or to be an acquiescence therein. Lessor’s consent to any request made by Lessee shall not be deemed to constitute or preclude the necessity for
obtaining Lessor’s consent, in the future, to all similar requests. No waiver by Lessor of any default shall in any way be, or be construed to be, a waiver of any future or subsequent default. 

Section 25.24 Holding Over. Lessee covenants that if for any reason Lessee shall fail to vacate and surrender possession of the
Property or any part thereof, in the condition required herein, on or before the expiration or earlier termination of this Lease, then Lessee shall have a right to hold over for three (3) months at the same Rent as was paid at expiration of the
then lease term, provided that Lessee has given Lessor at least three months prior written notice of same. If Lessee continues to hold over thereafter, then the Rent during the next three (3) months of Lessee’s continued possession of the
Property shall be as a month to month tenant, during which time, Lessee shall, as to the portion of the Leased Premises in which Lessee is holding over, pay to Lessor an amount equal to one hundred twenty five percent (125%) of a pro-rata
portion of the total monthly amount of Rent (corresponding to the portion of the Property still occupied by Lessee) payable hereunder immediately prior to such period. Lessor shall not be entitled to any other damages as a result of Lessee’s
continued possession of the Property and in no event shall Lessee be liable for any consequential, special or other damages, monetary or otherwise, as a result of such hold over. Lessee’s obligations under this Section 25.24 shall survive
the expiration or earlier termination of this Lease. 
 Section 25.25 Survival. The following provisions shall survive the
termination of this Lease: (a) Sections 6.1, 8.5, 8.6, 8.7, 8.8, Articles 7, 10, 12 and 19 to the extent relating to unfulfilled obligations of Lessee or Lessor arising or occurring prior to the date of termination of this Lease; (b) any
provision of this Lease pursuant to which Lessor or Lessee 

  
 38 

 
had an existing obligation which was unsatisfied at the time of termination of this Lease and remains unsatisfied, including, without limitation, to the extent there was any unsatisfied
obligation under Section 12.1 and Article 3; provided, however, that nothing in this Section 25.25 shall be deemed to extend any applicable statute of limitations; and (c) any other provision of this Lease which by its terms is
expressly stated to so survive. 
 Section 25.26 Financial Statements. Lessee shall cause Guarantor to comply with any
requirements of the Guaranty regarding financial statements. Within ninety (90) days after receipt of a written request, which may be by email, from Lessor or Lender, (but not more frequently than two (2) times in any lease year), Lessee
shall submit to Lessor and Lender the most current internally prepared annual (no older than 1 year) balance sheet, income and cash flow statements, respectively, certified by a senior financial officer of Lessor, with a certification which states:

 “Per section XX.X of the lease agreement dated XXXX, XX, XXXX, enclosed are the following unaudited financial statements for the period ending XXXX
3X, 20XX: 
  

	 	•	 	Balance sheet as of XXXX 3X, 20XX 

  

	 	•	 	Statement of income for the month and year to date ended XXXX 3X, 20XX 

  

	 	•	 	Statement of cash flows for the month and year to date ended XXXX 3X, 20XX 

 To the best of my knowledge, the
statements fairly represent the financial condition and results of operations. 
 These statements are true, correct and complete and were prepared in
accordance with GAAP, or an alternative presentation which is reasonably consistent with GAAP, applied on a consistent basis, subject to changes resulting from normal year-end adjustments.” 

Section 25.27 Relationship of Lease and Mortgage. This Lease, the leasehold estate of Lessee created hereby and all rights of
Lessee hereunder are and shall be senior or subordinate to the Mortgage and to all renewals, modifications, consolidations, replacements and extensions of the Mortgage as requested by Lender. Lender and Lessee shall each execute and deliver to the
other party a subordination, non-disturbance and attornment agreement substantially in the form of Exhibit D. 
 Section 25.28
Lessor Representations. This Lease has been duly authorized by all necessary action on the part of Lessor and has been duly executed and delivered by Lessor, and the execution, delivery and performance hereof by Lessor will not
(i) require any consent or approval of any Person, other than such consents and approvals as have been obtained, (ii) contravene any Applicable Law binding on Lessor or (iii) contravene or result in any breach of or constitute any
default under Lessor’s organizational documents, or any indenture, mortgage, loan agreement, contract, partnership or joint venture agreement, lease or other agreement or instrument to which Lessor is a party or by which Lessor is bound. 

Section 25.29 Rooftop Rights. Subject to the terms and conditions of this Section 25.29, Lessee during the Lease Term shall
have an exclusive right, at no additional cost, to install, use operate, maintain, repair and replace communications dishes, antennas, monopoles, towers or other supporting structures and other communications equipment (“Communication
Dishes”) on the rooftop of the Building and corresponding equipment rooms within the Building, and applicable chases, risers or the like therein (collectively the 

  
 39 

 
“Communication Spaces”) and the same shall be free from charge; provided however, that (i) Lessor shall have approved in its reasonable discretion the dimensions and specifications
for the Communication Dishes, and the proposed method of attaching the Communication Dishes to the Communication Space; (ii) Lessor’s engineer determines that the space on which Lessee desires to install the Communication Dishes are
capable of bearing the weight of the Communication Dishes. All Communication Dishes of Lessee in place as of the commencement of this Lease are approved by Lessor. 

Prior to or contemporaneous with Lessee requesting Lessor’s approval of the installation of additional Communication Dishes, Lessee shall
provide to Lessor: (i) plans and specifications for the Communication Dishes; (ii) copies of all required governmental and quasi-governmental permits, licensees, special zoning variances, and authorizations for the installation and
operation of the Communication Dishes, all of which Lessee shall obtain at its own cost and expense; and (iii) unless Lessee is self-insuring as provided in Section 9.2 of this Lease, a policy or certificate of insurance evidencing such
commercially reasonable insurance coverage as may be reasonably required by Lessor for the installation, operation and maintenance of the Communication Dishes. Lessor may withhold its approval of the installation of the Communication Dishes if the
installation, operation or removal of the Communication Dishes may (A) damage the structural integrity of the Building or void any warranty or guaranty applicable to the roof or the Building; or (B) cause the violation of any zoning
ordinance or other governmental or quasi-governmental law, rule or regulation applicable to the Building. Lessor may require as a precondition to its approval of the installation of any additional Communication Dishes if the same will exceed the
load bearing specifications of the roof, that Lessee, at Lessee’s sole cost and expense, install additional structural support (in a manner determined by Lessor’s engineer in its sole discretion) to the portion of the roof on which Lessee
desires to install the Communication Dishes so that the load bearing specifications of the roof are not exceeded. Lessee shall not be entitled to rely on any such approval as being a representation by Lessor that such installation and operation is
permitted by or in accordance with any zoning ordinance or other governmental or quasi-governmental law, rule or regulation applicable to the Building. 

Lessor, upon reasonable notice to Lessee, shall be provided with access, while accompanied by a Lessee representative, to the any of
the Communication Spaces, in order to inspect the Communication Dishes and to determine, inter alia, if the Communication Dish is causing damage to the roof or any other part of the Building. Lessor may require Lessee, at any time prior to
the expiration of the Lease, to terminate the operation of any Communication Dish that Lessor reasonably establishes, after opportunity of Lessee to effect a cure to the issue, is causing physical damage to the structural integrity of the Building
or voids any warranty or guaranty applicable to the roof or the Building, or is causing the violation of any governmental or quasi-governmental law, rule or regulation (now or hereafter in effect) applicable to the Building. 

Unless Lessee desires to retain the Communication Dishes, as aforesaid at the expiration or earlier termination of the Lease, then Lessee, at
Lessee’s sole cost and expense, shall remove the Communication Dishes and all cabling and other equipment relating thereto from the Building, and Lessee shall restore the area where the Communication Dishes was located to its condition existing
prior to such installation in a manner and with materials consistent with removal of communication dishes from data centers like the Property. In the event Lessee fails 

  
 40 

 
to promptly do so, Lessee hereby authorizes Lessor to remove the Communication Dishes and all cabling and other equipment relating thereto and restore the area of the Roof and the other portions
of the Building affected thereby, and charge Lessee for all costs and expenses incurred in connection therewith. Lessee’s obligation to perform and observe this covenant shall survive the expiration or earlier termination of the Term of the
Lease. 
 Lessee shall obtain, at its sole expense, all necessary licenses, permits and approvals from any Governmental Authority required
in order to install, operate or maintain its Communication Dishes. Lessee shall install, maintain and use its Communication Dishes and repair any damage to the Building caused by Lessee’s installation, maintenance or use of its Communications
Dishes, all at it sole expense, and in full compliance with Applicable Laws. 
 Lessee covenants and agrees that the installation, operation
and removal of the Communication Dishes shall be at its sole cost and risk. Lessee covenants and agrees absolutely and unconditionally to indemnify, defend and hold Lessor harmless from and against all claims, actions, damages, liability, judgments,
settlements, costs and expenses (including attorneys’ fees and expenses) suffered or sustained by Lessor arising out of the installation, operation, maintenance or removal of the Communication Dishes, including without limitation any loss or
injury resulting from transmissions from the Communication Dishes or in any way relating to the connection of any component of the Communication Dishes to, or the removal of any component of the Communication Dishes from, the Building’s
electric power source. 
 Section 25.30 Authorized Representative. Lessor has designated Lisa Drummond, as its exclusive
“Authorized Representative” for purposes of dealing with the Lessee in connection with all matters relating to the Lease. All notices, consents, directions, approvals, instructions, requests and other communications required or permitted
by the terms of the Lease to be given to Lessor shall be deemed given only when given in accordance with Section 25.3 of the Lease, to Authorized Representative. All notices, consents, directions, approvals, instructions, requests and other
communications required or permitted by the terms of the Lease to be given to Lessee shall be deemed given only when given in accordance with Section 25.3 of the Lease, by Authorized Representative. Lessee may rely and shall be protected in
acting upon any notice, consent, direction, approval, instruction, request or other communication furnished to it by the Authorized Representative and shall be under no duty to inquire into or investigate the validity, accuracy or contents of any
such communication. Lessor may, in its discretion, appoint a new Authorized Representative (the “New Authorized Representative”), and Lessor agrees that it shall notify Lessee of such New Authorized Representative in accordance with
Section 25.3. 
 Section 25.31 Confidentiality. Except as otherwise provided herein, it is agreed that the terms and conditions
of this Lease shall be kept confidential by Lessor and Lessor, and not disclosed to third-parties (provided, that either party may in a press release or other communication disclose the existence of the Lease and its parties). Notwithstanding the
confidentiality provisions herein, Lessee or Lessor may disclose the contents of this Lease: (i) as and only to the extent required by law, including, without limitation, governmental regulatory, disclosure, securities laws, tax and reporting
requirements; (ii) as necessary to seek appropriate advice from professional advisors, including tax preparers, bank personnel, business advisors, legal advisors, lenders, and financial advisors; (iii) as necessary to

  
 41 

 
enforce the terms of this Lease, or (iv) if the information is already a matter of public record or generally known to the public other than as a result of an unauthorized act by the party
seeking to disclose such information. Each of Lessee and Lessor shall require third parties (such as management companies and contractors) to abide by comparable confidentiality provisions with respect to the terms and conditions of this Lease. 

Section 25.32 Guaranty. Contemporaneously with the delivery of the executed Lease to Lessor, Lessee shall deliver to Lessor a
guaranty of this Lease by AT&T Teleholdings, Inc., a Delaware corporation (the “Guarantor”), in the form of Exhibit “E” attached hereto, dated and effective the same date as this Lease. 

Section 25.33 Access. For purposes of Section 1938 of the California Civil Code, Lessor hereby discloses to Lessee, and
Lessee hereby acknowledges, that the Property has not undergone inspection by a Certified Access Specialist (CASp). 
 ARTICLE 26 

FORCE MAJEURE 
 Section 26.1
Force Majeure. Neither party shall be liable for any delay or failure to perform its nonmonetary obligations hereunder due to (and the time for performance of any covenant shall be deemed extended by the time last due to) any causes beyond
its reasonable control, including, without limitation, fire, accident, act of the public enemy, war, terrorism, rebellion, insurrection, sabotage, transportation delay, labor dispute, shortages of material, labor, energy or machinery, or act of God,
act of government or the judiciary. Lessor shall not be liable for any interruption in electrical utility services to the Property or a material part thereof, and the Rent shall not abate. 

ARTICLE 27 
 DISPUTE RESOLUTION

 Section 27.1 Negotiation. (a) In the event of any dispute arising out of or relating to this Lease or the breach
thereof, the parties shall use their commercially reasonable efforts to settle the dispute by direct negotiations between individuals with full settlement authority. 

(b) Mediation. If the dispute is not settled promptly through negotiation, the parties shall submit the dispute to mediation under the
then-applicable Mediation Rules of the American Arbitration Association in the same city as the Arbitration would be held. The parties to the dispute shall share equally the mediator’s fees and any administrative fee, but shall otherwise bear
their own expenses. 
 (c) Arbitration. Thereafter, any unresolved dispute arising out of or relating to this Lease, or the breach
thereof, shall be decided by Arbitration, provided, however, that notwithstanding the foregoing, in the event of a monetary Lease Event of Default under either Section 16.1(a) and 16.1(b) of the Lease, Lessor shall not be bound by this Article
27 or required to go to mediation or Arbitration and may seek any and all judicial relief as may then be available under Applicable Laws. In connection with any such judicial relief, the prevailing party shall be entitled to recover from the
non-prevailing party its reasonable attorney fees and costs incurred thereby. 

  
 42 

 (d) Excluding 12.2. The dispute resolution under Section 12.2 shall be binding and
control the matter set forth therein, notwithstanding this Article 27. 
 [Signatures begin on next page] 

  
 43 

 IN WITNESS WHEREOF, Lessor and Lessee have duly authorized, executed and delivered this Lease as of the date
first hereinabove set forth. 
  

							
	LESSOR:
	
	DC-7337 Trade Street LLC, LLC, a Delaware limited liability company
		
	By:	 	Carter/Validus Operating Partnership, LP, a Delaware limited partnership, its sole member
			
		 	By:	 	Carter Validus Mission Critical REIT, Inc., a Maryland corporation, its General Partner
				
		 		 	By:	 	 /s/ John E. Carter

		 		 	Name:	 	John E. Carter
		 		 	Its:	 	Chief Executive Officer

  
 44 

 [Signature Page to Lease] 

 

			
	LESSEE:
	
	AT&T Services, Inc., a Delaware corporation
		
	By:	 	 /s/ Francis Cortland Bishop

		
	Name:	 	Francis Cortland Bishop
	Title:	 	Director of Real Estate Transactions

  
 45 

 APPENDIX A 

Definitions 
 For purposes of
this Lease, unless otherwise specified or the context otherwise requires, the following rules of construction and usage shall apply: 

(i) any term defined above by reference to another instrument or document shall continue to have the meaning ascribed thereto
whether or not such other instrument or document remains in effect; 
 (ii) words which include a number of constituent
parts, things or elements, shall be construed as referring separately to each constituent part, thing or element thereof, as well as to all of such constituent parts, things or elements as a whole; 

(iii) references to any Person include such Person’s successors and assigns and in the case of an individual, the word
“successors” includes such Person’s heirs, devisees, legatees, executors, administrators and personal representatives; 

(iv) words importing the singular include the plural and vice versa; 

(v) words importing a gender include any gender; 

(vi) the words “consent”, “approve”, “agree” and “request”, and derivations thereof or
words of similar import, mean the prior written consent, approval, agreement or request of the Person in question; 
 (vii) a
reference to any statute, regulation, proclamation, ordinance or law includes all statutes, regulations, proclamations, ordinances or laws varying, consolidating or replacing them, and a reference to a statute includes all regulations, proclamations
and ordinances issued or otherwise applicable under that statute; 
 (viii) the words “including” and
“includes,” and words of similar import, shall be deemed to be followed by the phrase “without limitation”; 

(ix) the words “hereof” and “hereunder,” and words of similar import, shall be deemed to refer to this
Lease as a whole and not to the specific section or provision where such word appears; 
 (x) unless the context shall
otherwise require, a reference to the “Property” or “Improvements” shall be deemed to be followed by the phrase “or a portion thereof”; 

(xi) the Schedules and Exhibits of this Lease are incorporated herein by reference; and 

(xii) the titles and headings of Articles, Sections, Schedules, Exhibits, subsections, paragraphs and clauses are inserted as a
matter of convenience and shall not affect the construction of this Lease. 

  
 Appendix A-1 

 “Actual Knowledge” with respect to any Person, shall mean the
present, actual (as opposed to constructive or imputed) knowledge solely of (i) with respect to Lessor, senior officers of Lessor or the officers or employees of Lessor charged with the oversight on its behalf of the transactions contemplated
by this Lease, and (ii) with respect to Lessee, Francis C. Bishop, Director of Transactions, and no other Person, in each case without investigation or inquiry. 

“Additional Expenses” shall have the meaning specified in Section 17.1(b). 

“Address” shall mean, subject to the rights of the party in question to change its Address in accordance with the
terms of this Lease: 
  

	 	(i)	with respect to Lessee: 

 AT&T Services, Inc. 

Corporate Real Estate – Lease Administration 

One AT&T Way 
 Bedminster,
NJ 07921 
 and to: 

AT&T Services 
 Whitacre Tower

 208 South Akard, Room 3137 

Dallas, TX 75202 
 Attn: General
Attorney – Real Estate 
 Fax: (214) 746-2214 

and to: 
 Daniel T. Engle 

Thompson Coburn LLP 
 505 North 7th Street 
 One US Bank Plaza, Suite 2700 

St. Louis, MO 63101 
 Fax:
(314) 552-7031 
  

	 	(ii)	with respect to Lessor: 

 DC-7337 Trade Street LLC 

c/o Carter Validus Properties, LLC, 

4211 W. Boy Scout Blvd., Suite 500 

Tampa, FL 33607 
 Attention: John
E. Carter 
 Telephone: (813) 263-5312 

Fax: (813) 287-0397 

  
 Appendix A-2 

 with a copy to: 

GrayRobinson, P.A. 
 401 E.
Jackson Street, Suite 2700 
 Tampa, Florida 33602 

Attention: Stephen L. Kussner, Esquire 

Telephone: (813) 273-5296 

Facsimile: (813) 273-5145 
  

	(iii)	with respect to Guarantor: 

 AT&T Teleholdings, Inc. 

208 S. Akard Street 
 Dallas, TX
75202 
 Attn: Assistant Treasurer 

“Affiliate” of any Person shall mean any Person directly or indirectly controlling, controlled by or under common
control with, such Person and shall include, if such Person is an individual, members of the Family of such Person and trusts for the benefit of such individual or Family members. For purposes of this definition, the term, “control”
(including the correlative meanings of the terms “controlling” “controlled by” and “under common control with”), as used with respect to any Person, shall mean the possession, directly or
indirectly, of the power to direct or cause the direction of the management policies of such Person, whether through the ownership of voting securities or by contract or otherwise. 

“Alterations” shall mean alterations, improvements, installations, demolitions, modifications, changes and additions
to the Property. 
 “Applicable Law(s)” shall mean (i) all existing and future applicable laws
(including common laws), rules, regulations, statutes, treaties, codes, ordinances, permits, certificates, orders and licenses of and interpretations by any Governmental Authority (including without limitation Environmental Laws), and applicable
judgments, decrees, injunctions, writs, orders or like action of any court, arbitrator or other administrative, judicial or quasi-judicial tribunal or agency of competent jurisdiction (including those pertaining to the environment and those
pertaining to the construction, use or occupancy of the Property), and (ii) any reciprocal easement agreement, covenant, other agreement or deed restriction or easement of record affecting the Property as of the date hereof or subsequent hereto
pursuant to the terms of this Lease (but excluding for purposes of this definition the Mortgage and related debt documents).  

“Appraisal Procedure” shall mean the following procedure for determining the Fair Market Sales Value, the Fair Market Rent or
any other amount which may, pursuant to any provision of this Lease, be determined by the Appraisal Procedure: one Qualified Appraiser shall be chosen by Lessor and one Qualified Appraiser shall be chosen by Lessee. If Lessee or Lessor fails to
choose a Qualified Appraiser within twenty (20) Business Days after written notice from the other party of the selection of its Qualified Appraiser, then the appraisal by such appointed 

  
 Appendix A-3 

 
Qualified Appraiser shall be binding on the parties. If both parties select a Qualified Appraiser, but the two Qualified Appraisers cannot agree on a value within twenty (20) Business Days
after the appointment of the second Qualified Appraiser, then a third Qualified Appraiser shall be selected by the two Qualified Appraisers or, failing agreement as to such third Qualified Appraiser within thirty (30) Business Days after the
appointment of the second Qualified Appraiser, by the American Arbitration Association office in the City (or if no office in such City, then in the AAA office nearest to such City). The appraisals of the three Qualified Appraisers shall be given
within twenty (20) Business Days of the appointment of the third Qualified Appraiser; such three appraisals shall be averaged and such average appraised value shall be the appraised value, provided, that (i) if the highest of the three
(3) appraisals is more than ten percent (10%) higher than the intermediate appraisal, the highest appraisal shall be disregarded and (subject to clause (iii), below) the average of the remaining two appraisals shall be the appraised value
binding on the parties, (ii) if the lowest of the three (3) appraisals is more than five percent (5%) lower than the intermediate appraisal, the lowest appraisal shall be disregarded and (subject to clause (iii), below) the average of
the remaining two appraisals shall be the appraised value binding on the parties, and (iii) if both the highest and lowest appraisals are to be disregarded pursuant to clauses (i) and (ii), above, then the appraised value binding on the
parties shall be the intermediate appraisal, provided that if any one of the three appraisals diverges from such average by ten percent (10%) or more, that appraisal shall be discarded and the average of the remaining two appraisals shall be
the appraised value binding on the parties. The fees and expenses of the Qualified Appraiser appointed by a party shall be paid by such party; the fees and expenses of the third Qualified Appraiser shall be divided equally between the two parties,
except that all fees and expenses of all the Qualified Appraisers shall be paid by Lessee in the case of an appraisal or determination under Article 17. 

“Arbitration” shall mean submission of the dispute in question to the American Arbitration Association in the City (or
if no office in such City, then in the AAA office nearest to such City) for binding resolution in accordance with its expedited arbitration procedures. Any issue submitted to Arbitration pursuant to this Lease shall be reviewed and settled by a
single arbitrator pursuant to the American Arbitration Association’s Commercial Arbitration Rules, including the Optional Rules for Emergency Measures of Protection, then in affect. The arbitrator shall be chosen from a panel of experts,
licensed, if applicable, having at least ten (10) years of professional experience in the appropriate field related to the issue in question. The arbitrator shall be appointed within thirty (30) days after either party determines that
there is a need for Arbitration. Discovery shall be permitted in accordance with the Federal Rules of Civil Procedure. If an arbitration proceeding is brought pursuant to this Lease, the unsuccessful party shall pay the costs, including reasonable
attorneys’ fees and disbursements, incurred by the successful party and the costs of the arbitration. The arbitrator shall have the authority to grant injunctive relief in a form similar to that which a court of law would otherwise grant, and
judgment upon the award rendered by the arbitrator shall be entered in any court having jurisdiction thereof. All aspects of the Arbitration shall be treated as confidential. Neither the parties nor the arbitrator may disclose the existence, content
or results of the Arbitration, except as necessary to enforce award or to comply with legal or regulatory requirements. Before making any such disclosure, the party intending to make the disclosure shall give the other party written notice of that
intention and shall afford the other party a reasonable opportunity (not less than twenty (20) days) to protect its interests. 

  
 Appendix A-4 

 “Award” shall have the meaning given to such term in Section 12.3 of this
Lease. 
 “Bankruptcy Code” shall mean the Bankruptcy Reform Act of 1978, as amended and as may be further amended. 

“Base Rent” shall mean, for the Base Term, the applicable rent payable pursuant to Section 3.1 of this Lease. 

“Base Term” shall mean the period commencing on the Closing Date and ending one hundred and twenty (120) months
thereafter, or such shorter period as may result from earlier termination of this Lease as provided therein. 
 “Building”
shall mean specified in the definition of “Property.” 
 “Business Day” shall mean any day other than a Saturday,
Sunday or other day on which banks are authorized to be closed in the State of New York or the State in which the Property is located. 

“Capital Repair” shall have the meaning specified in Section 8.2. 

“Casualty” shall mean any fire, explosion or other casualty causing damage or destruction to the Property and/or the
Improvements. 
 “City” shall mean the City in which the Property is located. 

“Claims” shall mean Liens (including, without limitation, lien removal and bonding costs but excluding Permitted Liens),
liabilities, obligations, damages, losses, demands, penalties, assessments, payments, fines, claims, actions, suits, judgments, settlements, costs, expenses and disbursements (of any kind whatsoever, including, without limitation, reasonable,
actually-incurred legal fees and expenses). 
 “Closing Date” shall mean the date of this Lease. 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

“Condemnation” shall mean any condemnation, requisition or other taking or sale of the use, occupancy or title to any or all
of the Property by or on account of any eminent domain proceeding or other action by any Governmental Authority or other Person under the power of eminent domain or otherwise or any transfer in lieu or in anticipation thereof. 

“CPI” shall mean the national Consumer Price Index, for all urban consumers (1982-84=100), all items, all cities, as
published by the Bureau of Labor Statistics for the City in which the Property is located. 
 “Default Rate” shall mean the
lesser of i) five percent (5%) above Prime Rate; or ii) the highest rate permitted by Applicable Law. 

  
 Appendix A-5 

 “Environmental Laws” shall mean all federal, state or local laws, ordinances,
rules, orders, statutes, decrees, judgments, injunctions, codes, regulations and common law (a) relating to the environment, human health or natural resources; (b) regulating, controlling or imposing liability or standards of conduct
concerning Hazardous Materials; (c) relating to the remediation of the Property, including investigation, response, clean-up, remediation, prevention, mitigation or removal of Hazardous Materials; or (d) requiring notification or
disclosure of releases of Hazardous Materials or any other environmental conditions on the mortgaged property, as any of the foregoing may have been or may be amended, supplemented or supplanted from time to time, including the Resource Conservation
and Recovery Act of 1976 (“RCRA”), 42 U.S.C. §§ 6901 et seq., as amended by the Hazardous and Solid Waste Amendments of 1984, the Comprehensive Environmental Response, Compensation and Liability Act, as amended by the Superfund
Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601 et seq. (“CERCLA”), the Hazardous Materials Transportation Act of 1975, 49 U.S.C. §§ 1801-1812, the Toxic Substances Control Act, 15 U.S.C.
§§ 2601-2671, the Clean Air Act, 42 U.S.C. §§ 7041 et seq., the Federal Insecticide, Fungicide and Rodenticide Act, 7 U.S.C. §§ 136 et seq., as any of the foregoing may have been or may be amended, supplemented or
supplanted from time to time. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 

“Existing Rent” shall have the meaning specified in Section 25.24 of this Lease. 

“Fair Market Rent” with respect to the Property (or the applicable portion thereof) shall mean the fair market monthly
rent that would be obtained in an arm’s-length transaction between an informed and willing lessee and an informed and willing lessor, in either case under no compulsion to lease, and neither of which is related to Lessor or Lessee, for the
lease of the Property (or the portion thereof) on the terms set forth in this Lease, and taking into consideration (as a downward adjustment to such rent) the fact that no brokerage commission will be payable and that Lessee will not be receiving
any tenant improvement allowance, period of free rent or other economic concession. Such Fair Market Rent shall be calculated as the value for the use of the Property as it is then actually used and assuming that Lessor has complied with its
maintenance and repair obligations under this Lease, that the Property is in compliance with all Applicable Laws and that no Hazardous Materials are present in, on, under or about the Property. 

“Fair Market Sales Value” with respect to the Property shall mean the fair market sales value that would be obtained
in an arm’s-length transaction between an informed and willing buyer and an informed and willing seller, under no compulsion, respectively, to buy or sell, and neither of which is related to Lessor or Lessee, for the purchase of the Property.
Such Fair Market Sales Value shall be calculated as the value of the Property assuming that Lessor has complied with its obligations under Article 8 of this Lease and that the Property is in compliance with all Applicable Laws and that no Hazardous
Materials are present in, on, under or about the Property. 
 “Family” shall mean, as to any Person, such
Person’s grandparents, all lineal descendants of such Person’s grandparents, Persons adopted by, or stepchildren of, any such grandparent or descendant and Persons currently married to, or who are widows or widowers of, any such
grandparent, descendant, adoptee or stepchild. 

  
 Appendix A-6 

 “First Offer Notice” shall have the meaning specified in Section 4.1(a). 

“Fixtures” shall have the meaning specified in the definition of the term Property. 

“GAAP” shall mean generally accepted accounting principles as in effect from time to time in the United States of
America. 
 “Governmental Action” shall mean all permits, authorizations, registrations, consents, approvals,
waivers, exceptions, variances, orders, judgments, decrees, licenses, exemptions, publications, filings, notices to and declarations of any Governmental Authority, or required by any Applicable Laws, including without limitation all environmental
and operating permits and licenses that are required for the use, occupancy, zoning and operation of the Property. 

“Governmental Authority” shall mean any federal, state, county, municipal or other governmental or regulatory
authority, agency, board, body, commission, instrumentality, court or quasi governmental authority (or private entity in lieu thereof). 

“Hazardous Material” shall mean any substance (whether solid, liquid or gas), pollutant, contaminant, waste or
material (including those that are toxic, explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic or otherwise hazardous or considered pollutants, including petroleum, its derivatives, by-products and other hydrocarbons and
asbestos), in each case that is or becomes regulated by any Governmental Authority or that may form the basis of liability under any Environmental Law. 

“Impositions” shall mean, collectively, (a) real estate taxes and other ad valorem taxes and non-ad valorem taxes on the
Property; (b) ad valorem, sales and use, gross receipts, transaction privilege, rent or similar taxes levied or incurred with respect to the Property, or the use, lease, ownership or operation thereof; (c) personal property tax on any
property covered by this Lease that is classified by any Governmental Authority as personal property; (d) assessments (including all assessments for public improvements or benefits, whether or not commenced or completed within the Lease Term),
water, sewer, utilities or other rents and charges; and (e) franchise taxes, value added taxes, rental taxes, excises, levies, fees and all other governmental charges of any kind or nature whatsoever, general or special, foreseen or unforeseen,
ordinary or extraordinary, with respect to the Property or any part thereof and/or the Rent, including in all cases all interest and penalties thereon and which at any time prior to, during or with respect to the Lease Term may be assessed or
imposed on or with respect to or be a Lien upon Lessor or the Property or any part thereof or any rent therefrom or any estate, title or interest therein. Impositions shall exclude, however, and nothing contained in the Lease or any debt documents
or related Mortgage shall be construed to require Lessee to pay, (i) any tax imposed on Lessor or Lender based on the net income of Lessor or Lender or any transfer tax imposed on Lessor, Lender or any other Person, except to the extent that
any tax described in this clause (i) is levied, assessed or imposed as a total or partial substitute for a tax, assessment, levy or charge upon the Property, the Rent or any part thereof or interest therein which Lessee would otherwise be
required to pay thereunder; (ii) any transfer tax imposed with respect to the sale, exchange or other disposition by (A) Lessor of the Property or (B) Lender of its debt; (iii) excess profits taxes, capital gains taxes, taxes on
doing business, capital taxes or taxes imposed on net or gross income or receipts, mortgage recording taxes, assessments or governmental charges; or (iv) any 

  
 Appendix A-7 

 
gross receipts, transaction privilege, rent or similar tax, assessment, levy or charge upon Lessor, the Property, the Rent or any part of any thereof or interest therein, but solely to the extent
that the same is levied, assessed or imposed as a total or partial substitute for a tax, assessment, levy or charge described in clause (i) or clause (ii) which Lessee would otherwise not be required to pay hereunder. 

“Improvements” shall have the meaning specified in the definition of the term Property. 

“Inspecting Party” shall have the meaning specified in Section 15.1. 

“Land” shall have the meaning specified in the definition of the term Property. 

“Lease” shall have the meaning set forth in the first paragraph hereof. 

“Lease Event of Default” shall have the meaning specified in Article 16. 

“Lease Term” shall mean the Base Term plus any Renewal Term(s). 

“Lease Year” shall mean each consecutive period of twelve (12) full calendar months occurring after the Closing Date;
provided, however, that, if the Closing Date shall not be the first day of a month, then the first Lease Year shall also include the partial month in which the Closing Date occurs. 

“Lender” shall mean, from time to time, the holder of the first lien Mortgage on the Property, provided that Lessor shall
notify Lessee of the existence and identity of any Lender. During periods when there is no Lender, references herein to Lender shall have no force or effect. 

“Lessee” shall mean the Lessee named in the first paragraph of this Lease. 

“Lessee Parties” shall have the meaning specified in Section 19.1. 

“Lessee’s Equipment and Personalty” shall mean all furniture, equipment and personal property of Lessee, including
without limitation inventory, servers. racking, shelving, conveyer equipment, lifts, cabling, structured cabling plant, antennae, machinery, air compressors, battery chargers, communication equipment, data cabinets, automated teller machines, hoist
equipment, lockers, plug-in light fixtures, propane tanks, storage racks, trash compactors, signs, desks, movable partitions, vending machines, all “non-exempt” assets under Section 851 of the California Public Utilities Code,
computer software and hardware, removable storage and utility rooms and removable trade fixtures and equipment, even if bolted or otherwise affixed to the floors (including, without limitation, telecommunication switches), in each case, as now or
may hereafter exist in or on the Improvements and any other personal property owned by Lessee or a sublessee of Lessee, or other occupant of the Property. In no case shall Lessee’s Equipment and Personalty include: fixtures (except as expressly
provided above), built-in heating, ventilating, or air-conditioning equipment, or electrical equipment upstream of the medium voltage switchgear serving the Building, all as utilized in connection with the operation of the Property. 

“Lessor” shall mean the Lessor named in the first paragraph of this Lease. 

  
 Appendix A-8 

 “Lessor Indemnified Parties” shall have the meaning specified in Section 19.1.

 “Lessor Liens” shall mean Liens on or against the Property or this Lease or any payment of Rent which result from
(a) any act of or Claim against Lessor or any violation by Lessor of any of the terms of the Mortgage or any related debt documents, other than a violation due to a default by Lessee under this Lease, (b) Liens in favor of any taxing
authority by reason of any Tax owed and payable by Lessor, except that Lessor Liens shall not include any Lien resulting from any Tax for which Lessee is obligated to indemnify Lessor until such time as Lessee shall have paid to or on behalf of
Lessor the Tax or the required indemnity with respect to the same, or (c) any expenses owed, caused or occasioned by Lessor or any of its employees or agents which are not indemnified by Lessee pursuant to Section 19.1; provided that
Lessor Liens shall not include Permitted Liens or any Liens created by the Mortgage and any other debt documents, except to the extent any such Lien arises by Lender’s payment of any of the foregoing. 

“Lessor Parties” shall have the meaning specified in Section 19.1. 

“Lien” shall mean any lien, mortgage, pledge, charge, security interest or encumbrance of any kind, or any other type
of preferential arrangement that has the practical effect of creating a security interest, including without limitation any thereof arising under any conditional sale agreement, capital lease or other title retention agreement. 

“Material” as used to describe Lessee’s compliance requirement in Section 8.5 of this Lease shall mean that
the failure to so comply may reasonably be expected to result in material risk of (i) physical injury to or death of any individual, (ii) criminal liability; (iii) fines and/or compliance costs in excess of the Threshold Amount; or
(iv) forfeiture of the Property, or any portion thereof. 
 “Minor Condemnation” shall mean any Condemnation of
the Property that is not a Total Taking of the Property. 
 “Moody’s” shall mean Moody’s Investors Service, Inc.
and its successors. 
 “Mortgage” shall mean a first lien deed of trust or mortgage (together with any related
assignment of rents) between the Lessor, as mortgagor or trustor, and Lender, as mortgagee or beneficiary, and as the same may be renewed, amended, modified, consolidated, replaced or extended from time to time, provided that Lessor shall notify
Lessee of the existence of any such Mortgage. During periods when there is no Mortgage, references in this Lease to the Mortgage shall have no force or effect. 

“Non-severable” shall describe an Alteration or part of an Alteration which cannot be removed from the Property or the
existing Improvements without causing material damage to the Property or Improvements; provided that Lessee’s Equipment and Personalty shall not be deemed to be Non-severable regardless of any damage that may be caused by the removal
thereof. 
 “Offeror” shall have the meaning specified in Section 4.1(a). 

  
 Appendix A-9 

 “Permitted Encumbrances” shall mean the easements, rights of way,
reservations, servitudes and rights of others with respect to the Property which are listed in the Title Policy issued to Lessor or Lender (as applicable), including without limitation, any easements, rights of way, reservations, servitudes and
rights of others with respect to the Property granted after the date hereof pursuant to Section 25.11. 
 “Permitted
Liens” shall mean: 
 (a) the respective rights and interests of Lessee, Lessor and Lender under this Lease and any Mortgage, 

(b) Liens for Taxes either not yet due or being contested in good faith and by appropriate proceedings, so long as such proceedings shall not
involve any danger of the sale, forfeiture or loss of any part of the Property, title thereto or any interest therein (other than to a de minimis extent) and are undertaken in accordance with the terms of any documents securing Lender’s loan to
Lessor, (including, without limitation, posting of any bonds or other collateral to the extent required by such documents); 
 (c)
materialmen’s, mechanics’, workers’, repairmen’s, employees or other like Liens for amounts either not yet due or being contested in good faith and by appropriate proceedings so long as such proceedings shall not involve any
danger of the sale, forfeiture or loss of any part of the Property, title thereto or any interest therein (other than to a de minimis extent); provided that, if a Lease Event of Default under Section 16.1(a) or (b) shall have occurred and
be continuing, Lessee shall pay, discharge or record or bond any such lien within sixty (60) days after Lessee receives notice thereof; 

(d) Liens arising out of judgments or awards with respect to which at the time an appeal or proceeding for review is being prosecuted in good
faith and either which have been bonded or for the payment of which adequate reserves shall have been provided to Lessor’s reasonable satisfaction; 

(e) Permitted Encumbrances; 

(f) Liens existing on the date hereof; and 

(g) assignments and subleases expressly permitted by this Lease. 

No Lien shall be deemed to be Permitted Lien if such Lien, individually or in the aggregate with other Liens, materially and adversely affects
(i) the value of the Property, (ii) Lessee’s ability to pay all Rent as and when due hereunder or (iii) Lessee’s right to use and operate the Property. 

“Permitted Use” shall have the meaning given to such term in Section 8.1. 

“Person” shall mean individual, corporation, partnership, joint venture, association, joint-stock company, trust,
limited liability company, non-incorporated organization or government or any agency or political subdivision thereof. 

  
 Appendix A-10 

 “Present Value”, for any amount, shall be computed on a monthly basis at a
discount rate equal to four percent (4%). 
 “Prime Rate” shall mean the “prime rate” from
time to time in effect, as published in The Wall Street Journal on such day (or if not published on such day, for the immediately preceding day on which it was published) in its “Money Rates” column as the Prime Rate;
provided that if The Wall Street Journal ceases to publish such a rate or substantially changes the methodology used to determine such rate, then the rate shall be otherwise independently determined from an alternate source selected by
Lessor in good faith or determined by Lessor in good faith on a basis substantially similar to the methodology used by The Wall Street Journal on the date of this Lease. As of the date hereof, The Wall Street
Journal defines “Prime Rate” as the base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks. 

“Property” shall mean the real property whose parcel or parcels of land are described on Exhibit A to this Lease (the
“Land”), together with (a) all buildings, parking, structures and other improvements of every kind situated on the Land (collectively, the “Building” or “Improvements”), all easements,
rights and appurtenances relating to the Land or the Improvements and (b) all fixtures, including all components thereof, on or appurtenant to the Improvements and used in the operation of the Property and all replacements, modifications,
alterations and additions thereto (collectively, the “Fixtures”), provided that in no event shall “Property” include Lessee’s Equipment and Personalty.  

“Property Name” shall have the meaning specified in Section 25.16. 

“Purchase Contract” shall have the meaning specified in the Recitals to this Lease. 

“Qualified Appraiser” shall mean an independent nationally recognized real estate appraiser who shall be a member of The
Appraisal Institute (or its successor organization) with not less than five (5) years experience appraising properties similar to the Property in the market in which the Property is located. 

“Rating Agency” shall mean either Moody’s or Standard & Poor’s, as the case may be. 

“Related Persons” shall have the meaning specified in Section 14.1. 

“Release” shall mean the release or threatened release in violation of Applicable Laws of any Hazardous Material into or upon
or under any land or water or air, or otherwise into the environment, including, without limitation, by means of burial, disposal, discharge, emission, injection, spillage, leakage, seepage, leaching, dumping, pumping, pouring, escaping, emptying,
placement and the like. 
 “Renewal Notice” shall have the meaning specified in Section 5.1. 

“Renewal Term” shall have the meaning specified in Section 5.1(a). 

“Rent” shall mean Base Rent and Supplemental Rent, collectively. 

  
 Appendix A-11 

 “Rent Collection Account” shall mean the account established by Lender
from time to time and to which Lessee is directed to make all payments of Base Rent due hereunder. 
 “Rent Payment
Dates” shall mean the first (1st) day of each month during the Lease Term, provided that if such date is not a Business Day, the Rent Payment Date shall be the immediately following
Business Day; provided further that Base Rent for the period commencing on the Closing Date and terminating on the last day of the month in which the Closing Date occurs shall be payable in advance on the Closing Date; and provided further that, as
provided in Section 16.1(a), no Lease Event of Default shall have occurred unless any such Rent payment is not received by Lessor on or before the tenth (10th) Business Day after notice
that such amount is due and unpaid. 
 “Significant Competitor” means any of the following listed companies or related affiliates of
any such listed party: 
  

	 	(1)	Verizon 

  

	 	(2)	Century Link/Qwest 

  

	 	(3)	LEVEL 3/ Global Crossing 

  

	 	(4)	BT 

  

	 	(5)	Sprint 

  

	 	(6)	Time Warner 

  

	 	(7)	Orange 

  

	 	(8)	Comcast 

  

	 	(9)	XO 

  

	 	(10)	Cox 

 “Standard & Poor’s” shall mean Standard &
Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors. 
 “Sublease” shall have
the meaning given such term in Section 14.1. 
 “Subsidiary”, as to any Person, shall mean any corporation whose assets and
liabilities are consolidated with those of such Person for financial reporting purposes. 
 “Substantial Casualty” shall
have the meaning specified in Section 12.2(a). 
 “Substantial Percentage”, when used with respect to Lessee’s
employees, shall mean fifty percent (50%) or more of Lessee’s employees then working at the Property or applicable Building, as the case may be. 

“Substantial Portion”, when used with respect to Lessee’s business operations shall mean fifty percent (50%) or
more of Lessee’s business operations. 
 “Supplemental Rent” shall mean any and all amounts, fees, expenses,
liabilities, obligations, late charges, Taxes and Impositions other than Base Rent which Lessee assumes or agrees or is otherwise obligated to pay under this Lease to Lessor, Lender or any other party. 

“Terms” shall have the meaning specified in Section 4.1. 

  
 Appendix A-12 

 “Threshold Amount” shall mean One Million Dollars ($1,000,000), provided
that such amount shall be increased on every January 1 after the Closing Date in the same proportion (if any) as the CPI increases over such annual period. 

“Total Taking of the Property” shall mean a Condemnation either (i) of (a) the entire Property or (b) a
portion thereof if, in Lessee’s commercially reasonable opinion, as a result thereof the Property cannot be restored to an economically viable office complex with a similar (within ten percent (10%)) of usable square feet of floor area; or
(ii) as a result of which it will take in excess of (A) eighteen (18) months from the beginning of restoration to restore the Building to the same condition as existed immediately prior to the Condemnation and the Condemnation occurs
at any time during the Lease Term or (B) three (3) months from the beginning of restoration to restore the Building to the same condition as existed immediately prior to the Condemnation and the Condemnation occurs during the last twelve
(12) months of the then current Lease Term, such time periods to be determined as provided in Section 12.1 with respect to a Casualty; or (iii) as a result of which Lessee must either (A) cease its operations at the Building for
a period of fifteen (15) months or more, (B) move a Substantial Portion of its operations from the Building or relocate a Substantial Percentage of its employees from the Building, in either case to another location not on the Property or
(C) lay off a Substantial Percentage of its employees from the Building for a period of nine (9) months or more. 

“Warranty Claim” shall have the meaning specified in Section 6.1(a). 

  
 Appendix A-13 

 SCHEDULE 3.1 

RENT SCHEDULE 
  

			
	Escalation for Years 1-10	  	                                   
 Three percent (3%)

  

									
	Lease Years	  	 Rent Per

Month
	 	  	Rent per Annum	 
			
	 Year 1
	  	$	828,675.00	  	  	$	9,944,100.00	  
	 Year 2
	  	$	853,535.25	  	  	$	10,242,423.00	  
	 Year 3
	  	$	879,141.31	  	  	$	10,549,695.72	  
	 Year 4
	  	$	905,515.55	  	  	$	10,866,186.60	  
	 Year 5
	  	$	932,681.02	  	  	$	11,192,172.24	  
	 Year 6
	  	$	960,661.45	  	  	$	11,527,937.40	  
	 Year 7
	  	$	989,481.29	  	  	$	11,873,775.48	  
	 Year 9
	  	$	1,019,165.73	  	  	$	12,229,988.76	  
	 Year 10
	  	$	1,049,740.70	  	  	$	12,596,888.40	  

  

			
	Renewal Term(s)	  	See Section 5.1

  
 Schedule 3.1 

 SCHEDULE 9.1 

Insurance Requirements 
 Lessee
shall provide the following insurance coverage: 
 (a) Lessee covenants and agrees that it will at all times keep in full force and effect
the following insurance coverage: 
 (i) Liability. A broad form commercial general liability insurance policy,
including but not limited to premises, operations, automobile liability (which may be carried by separate policy) and products liability, personal injury liability, contractual liability, and property damage liability coverage at the Property and
the business conducted by Lessee thereon. The policy shall provide coverage limits of One Million Dollars ($1,000,000.00) for bodily injury and property damage for any single occurrence and Five Million Dollars ($5,000,000.00) in the aggregate. The
required coverage shall also include a commercial excess or umbrella liability policy of Ten Million Dollars ($10,000,000.00) per occurrence and in the aggregate and shall include Lessor and related parties and the property manager and Lender as
additional insureds, as their interest may appear Lessee may use any combination of primary or excess coverage to meet required total limits. Commercial Excess or Umbrella is to be excess of General Liability, Auto Liability and Employer liability
policies. Lessor’s additional insured status shall (i) be limited to bodily injury, property damage or personal and advertising injury caused, in whole or in part, by Lessee, its employees, agents, guests or independent contractors in
their use of the premises; and (ii) not extend to claims for punitive or exemplary damages arising out of the acts or omissions of Lessor, its employees, agents or independent contractors or where such coverage is prohibited by law or to claims
arising out of the gross negligence of Lessor, its employees, agents or independent contractors; and, (iii) not exceed Lessee’s indemnification obligation under this Agreement, if any. 

(ii) Workers’ Compensation. Workers’ compensation or other such insurance in accordance with applicable state
law requirements covering all of Lessee’s employees, with Employers Liability limit of One Million Dollars ($1,000,000.00). 

(iii) Property Insurance. Lessee shall also maintain property insurance with respect to Property at 100% replacement
cost for any and all property claims, with Lessor and Lender named as additional named insured, as their interests may appear. Lessee may self-insure the property coverage if the conditions for self-insurance under Section 9.2 of the Lease are
satisfied. 
 (iv) Auto Insurance. Auto Liability coverage for owned and non-owned vehicles with minimum limit of One
Million Dollars ($1,000,000.00). 
 (v) Earthquake. Such commercially available earthquake coverage as Lessor may
require in a commercially reasonable amount. 

  
 Schedule 9.1 

 (b) Certificates of all insurance required to be maintained by Lessee hereunder will be delivered
to Lessor upon or within ten (10) Business Days after execution of this Lease, and, upon any renewals or extensions of said policies, certificates of insurance shall be delivered to Lessor at least ten (10) days prior to the expiration or
termination of such policies. 
 (c) Notwithstanding the forgoing, Lessee may, in its sole discretion if the conditions set forth in
Section 9.2 of the Lease are satisfied, self-insure any of the required insurance under the same terms as required by this Agreement. In the event Lessee elects to self-insure its obligation under this Agreement to include Lessor and
Lessor’s primary lender as an additional insured, the following conditions apply: 
 (i) Lessor shall promptly and no later than thirty
(30) days after notice thereof provide Lessee with written notice of any claim, demand, lawsuit, or the like for which it seeks coverage pursuant to this Section and provide Lessee with copies of any demands, notices, summonses, or legal papers
received in connection with such claim, demand, lawsuit, or the like; (ii) Lessor shall not settle any such claim, demand, lawsuit, or the like without the prior written consent of Lessee; and (iii) Lessor shall fully cooperate with Lessee
in the defense of the claim, demand, lawsuit, or the like. 
 (d) Except to the extent otherwise provided in the Lease, the parties hereto release each
other, and their respective representatives, agents, contractors and employees from any claims for damage to the Property, the Improvements and/or Lessee’s Equipment and Personalty that are caused by or result from risks insured against under
any property insurance policies carried by the parties (or which should have been carried by the parties pursuant to the terms hereof). Each party shall endeavor to cause each property insurance policy obtained by it to provide that the insurance
company waives in writing all right of recovery by way of subrogation against the other party in connection with any damage covered by such policy. Neither party shall be liable to the other for any damage caused by fire or any of the risks insured
against (or to be insured against) under any property insurance policy required by the Lease except to the extent set forth in the first sentence of this paragraph (d). 

  
 Schedule 9.1 

 EXHIBIT A 

LEGAL DESCRIPTION OF PROPERTY: 
 The land
referred to herein below is situated in the County of                     , State of
                    and is described as follows: 
  

 EXHIBIT B 

FORM OF MEMORANDUM OF LEASE 
 RECORDING
REQUESTED BY 
 AND UPON RECORDING RETURN TO: 

			
	  
	  	
	  
	  	
	  
	  	

 MEMORANDUM OF LEASE 

AND NOTICE OF RIGHT OF FIRST OFFER 

THIS MEMORANDUM OF LEASE, made as of the      day
of            , by and between by and between             , a
            , as Lessor (“Lessor”), having its principal place of business at
                                , and
                                , a
                                , as Lessee (“Lessee”), having a place
of business at                                 . 

W I T N E S S E T H 
  

	1.	The parties have entered into a lease agreement dated as of                      between Lessor and Lessee (the
“Lease”), whereby Lessor is demising and leasing to Lessee the premises known as             ,             ,
California, as more particularly described as set forth on Exhibit “A” annexed hereto and made a part hereof, being hereinafter referred to as the “Demised Premises”. 

 

	2.	The term of said Lease commences on the      day of              and ends on the
             (        ) anniversary thereof, subject to
            (        ) renewal options of
            (        ) years each. 

  
 Exhibit B-1 

	3.	The rental for the Demised Premises and all other covenants, conditions, and terms are set forth in the Lease and are hereby adopted herein and made a part hereof by reference to the same full extent as if all the
covenants, conditions, and terms thereof were fully set forth herein. 

  

	4.	The Lease includes a right of first offer for Lessee to purchase the Demised Premises, as set forth in the Lease and a right to certain easements for existing infrastructure, as provided in Section 25.11 of the
Lease, which provisions are incorporated by reference herein. 

 IN WITNESS WHEREOF, the parties sign this Memorandum of Lease the day and year first above written. 

 

			
	LESSOR:
	[                                    
    ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	LESSEE:
		
	By:	 	  

		 	Name:
		 	Title:

 [ADD APPROPRIATE NOTARIZATION] 

  
 Exhibit B-3 

 EXHIBIT C 

FORM OF ESTOPPEL AGREEMENT 
  

					
	TENANT:	 	  
	 	
	PROJECT:	 	  
	 	

 TENANT ESTOPPEL CERTIFICATE 

 

	To:	                                    
    , its successors and assigns (the “Lender”) and                     , a
                     (“Landlord”) 

  

	 	Re:	                    , dated             , by and between
Landlord and
                                        , a
                     (“Tenant”) for space in the building located at
                     and commonly referred to as
“                    ” (the “Project”) 

Ladies and Gentlemen: 
 The undersigned, as tenant
(“Tenant”), hereby states and declares as follows: 
  

	1.	Tenant is the lessee under that certain lease (the “Original Lease”) pertaining to the Project which is dated
                    . 

  

	2.	The name of the current Landlord is:                     , a
                                 . 

 

	3.	The Lease (as defined below) is for the following portion of the Project (collectively, the “Demised Premises”):
                                        .

  

	4.	The Original Lease has not been modified or amended except by the following documents (the Original Lease, as amended, shall hereinafter be referred to as the “Lease”): 

 

	 	•	 	                                    
                         

  

	 	•	 	                                    
                         

  

	 	•	 	                                    
                         

  

	5.	The commencement date of the Lease occurred on                     . The Lease Term shall expire
                    , unless sooner terminated in accordance with the terms of the Lease. Tenant has no option to renew or extend the term of the
Lease, except as follows (if none, so state):             . 

  
 Exhibit C 

	6.	The Lease contains the entire agreement of Landlord and Tenant with respect to the Demised Premises, and is in full force and effect. 

 

	7.	As of the date hereof, Tenant is occupying the Demised Premises and is paying rent on a current basis under the Lease. 

  

	 	(a)	The minimum monthly or base rent currently being paid by Tenant for the Demised Premises pursuant to the terms of the Lease is              per month

  

	 	(b)	Common area maintenance, taxes, insurance and other charges (collectively, the “Reimbursables”) due under the Lease have been paid through
            , 20    . 

  

	8.	Tenant has accepted possession of the Demised Premises, and all items with respect to the Demised Premises to be performed by Landlord have been completed, including, but not limited to, completion of construction
thereof (and all other improvements required under the Lease) in accordance with the terms of the Lease. Landlord has paid in full any required contribution towards work to be performed by Tenant, if any, under the Lease, except as follows (if none,
so state):                     . 

  

	9.	The Demised Premises shall be expanded by the addition of the following space on the dates hereinafter indicated (if none, so state):
                    . 

  

	10.	No default or event that with the passage of time or notice would constitute a default (hereinafter collectively a “Default”) on the part of Tenant exists under the Lease in the performance of the terms,
covenants and conditions of the Lease required to be performed on the part of Tenant. 

  

	11.	To the best of Tenant’s knowledge, no Default on the part of Landlord exists under the Lease in the performance of the terms, covenants and conditions of the Lease required to be performed on the part of Landlord.

  

	12.	Tenant has no option or right to purchase all or any part of the Project except as stated in Article 4 of the Lease. 

  

	13.	Tenant has not assigned, sublet, transferred, hypothecated or otherwise disposed of its interest in the Lease and/or the Demised Premises, or any part thereof. 

 

	14.	Neither the Lease nor any obligations of Tenant thereunder have been guaranteed by any person or entity, except as follows (if none, so state):
                    . 

  

	15.	No hazardous substances are being generated, used, handled, stored or disposed of by Tenant on the Demised Premises or on the Project in violation of any applicable laws, rules or regulations or the terms of the Lease.

  

	16.	No rentals are accrued and unpaid under the Lease, except for Reimbursables, if any, which are not yet due and payable. 

	17.	No prepayments of rentals due under the Lease have been made for more than one month in advance. No security or similar deposit has been made under the Lease, except for the sum of
$         which has been deposited by Tenant with Landlord pursuant to the terms of the Lease. 

  

	18.	As of the date hereof, Tenant has no defense as to its obligations under the Lease and asserts no setoff, claim or counterclaim against Landlord. 

 

	19.	Tenant has not received notice of any assignment, hypothecation, mortgage or pledge of Landlord’s interest in the Lease or the rents or other amounts payable thereunder, except as follows (if none, so state):
                                        .

  

	20.	The undersigned is authorized to execute this Tenant Estoppel Certificate on behalf of Tenant. 

  

	21.	This Tenant Estoppel Certificate may be executed in any number of separate counterparts, each of which shall be deemed an original, but all of which, collectively and separately, shall constitute one and the same
instrument. 

  

			
	[LESSOR/LESSEE]
		
	By:	 	  

		 	Name:
		 	Title:

 EXHIBIT D 

After Recording Return to: 
  

 
 SUBORDINATION, NON-DISTURBANCE 
 AND ATTORNMENT AGREEMENT 

 

					
	Grantor #1 (Landlord):	 	  

		
	Grantor #2 (Tenant):	 	  

		
	Grantee (Lender):	 	  

		
	Abbreviated Legal Description:	 	  

		
		 	Official Legal Description on Exhibit A
			
	Assessor’s Tax Parcel ID #	 	  
	 	
			
	Reference No.	 	N/A	 	

  
 1 

 SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT

 THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (the “Agreement”) is made as of the
     day of            , 20     by and between: 
  

					
		 	  
	 	
		 	  
	 	
		 	  
	 	

 (“Lender”), 

and 
  

					
		 	  
	 	
		 	having an address at	 	
			
		 	  
	 	
		 	  
	 	
		 	  
	 	
		 	  
	 	
		 	(“Tenant”).	 	

 RECITALS: 
 A.
Tenant is the holder of a leasehold estate in a portion of those certain premises located in the City of                    , County of
                    , State of
                    , and more particularly described on Exhibit “A” attached hereto and made a part hereof (the
“Property”) under and pursuant to the provisions of a certain lease dated                     , between
                    , a                     , as
landlord, and                     , as tenant (the “Lease”); and 

B.                      is the current owner in fee simple
of the Property and the landlord under the Lease (“Landlord”); and 
 C. Lender is the agent for lenders which have made a loan or are about to
make a loan
to                                        , a
Delaware limited partnership, as borrower (“Borrower”) evidenced or to be evidenced by one or more promissory notes made by Borrower to the order of such lenders (as amended, restated, replaced, consolidated, supplemented or otherwise
modified from time to time, collectively, the “Note”) and secured or to be secured by that certain Mortgage/Deed to Secure Debt/Deed of Trust and Security Agreement (as the same may be modified, amended or restated from time to time, the
“Security Instrument”) and that certain Assignment of Leases and Rents (as the same may be modified, amended or restated from time to time, the “Assignment of Rents”) granted by Landlord to or for the benefit of Lender and
encumbering the Property; and 
 D. Tenant has agreed to subordinate the Lease to the Security Instrument and to the lien thereof and Lender has agreed to
grant non-disturbance to Tenant under the Lease on the terms and conditions hereinafter set forth. 

  
 2 

 AGREEMENT: 

For good and valuable consideration, Tenant and Lender agree as follows: 

1. SUBORDINATION. The Lease and all of the terms, covenants and provisions thereof and all rights, remedies and options of Tenant
thereunder are and shall at all times continue to be subject and subordinate in all respects to the terms, covenants and provisions of the Security Instrument and to the lien thereof, including without limitation, all renewals, increases,
modifications, spreaders, consolidations, replacements and extensions thereof and to all sums secured thereby and advances made thereunder with the same force and effect as if the Security Instrument had been executed, delivered and recorded prior
to the execution and delivery of the Lease. 
 2. NON-DISTURBANCE. If any action or
proceeding is commenced by Lender for the foreclosure of the Security Instrument or the sale of the Property, Tenant shall not be named as a party therein unless such joinder shall be required by law, provided, however, such joinder shall not result
in the termination of the Lease or disturb the Tenant’s possession or use of the premises demised thereunder, and the sale of the Property in any such action or proceeding and the exercise by Lender of any of its other rights under the Note or
the Security Instrument shall be made subject to all rights of Tenant under the Lease, provided that at the time of the commencement of any such action or proceeding or at the time of any such sale or exercise of any such other rights Tenant shall
not be in default under any of the terms, covenants or conditions of the Lease or of this Agreement on Tenant’s part to be observed or performed beyond any applicable notice or grace period. 

3. ATTORNMENT. If Lender or any other subsequent purchaser of the Property shall become the owner of the Property by reason of the
foreclosure of the Security Instrument or the acceptance of a deed or assignment in lieu of foreclosure or by reason of any other enforcement of the Security Instrument (Lender or such other purchaser being hereinafter referred as
“Purchaser”), and the conditions set forth in Section 2 above have been met at the time Purchaser becomes owner of the Property, the Lease shall not be terminated or affected thereby but shall continue in full force and effect as a
direct lease between Purchaser and Tenant upon all of the terms, covenants and conditions set forth in the Lease and in that event, Tenant agrees to attorn to Purchaser and Purchaser by virtue of such acquisition of the Property shall be deemed to
have agreed to accept such attornment, whereupon, subject to the observance and performance by Tenant of all the terms, covenants and conditions of the Lease on the part of Tenant to be observed and performed, Purchaser shall recognize the leasehold
estate of Tenant under all of the terms, covenants and conditions of the Lease for the remaining balance of the term with the same force and effect as if Purchaser were the lessor under the Lease subject to the terms of Section 4 of this
Agreement; provided, however, that Purchaser shall not be: 
 (a) liable for any past act, omission, neglect, default or breach of
representation or warranty of any prior landlord (any such prior landlord, including Landlord and any successor landlord, being hereinafter referred to as a “Prior Landlord”), provided that so long as Purchaser has received written notice
and a reasonable opportunity to cure, the foregoing shall not limit Purchaser’s obligations under the Lease to correct any conditions that (i) existed as of the date Purchaser became the owner of the Property, and (ii) violate
Purchaser’s obligations under the Lease; provided further, however, that the foregoing shall not obligate Purchaser for any damages arising from such past act, omission, neglect, default or breach of representation or warranty of any Prior
Landlord; 

  
 3 

 (b) subject to any offsets, defenses, abatements or counterclaims which shall have accrued in
favor of Tenant against any Prior Landlord prior to the date upon which Purchaser shall become the owner of the Property; 
 (c) liable for
the return of rental security deposits, if any, paid by Tenant to any Prior Landlord in accordance with the Lease unless such sums are actually received by Purchaser; 

(d) bound by any obligation which may appear in the Lease to perform any improvement work to the Property; 

(e) bound by any obligation which may appear in the Lease to pay any sum of money to Tenant; 

(f) bound by any payment of rents, additional rents or other sums which Tenant may have paid more than one (1) month in advance to any
Prior Landlord unless (i) such sums are actually received by Purchaser or (ii) such prepayment shall have been expressly approved of by Purchaser; 

(g) bound by any agreement terminating or amending or modifying the rent, term, commencement date or other material term of the Lease, or any
voluntary surrender of the premises demised under the Lease, made without Lender’s or Purchaser’s prior written consent prior to the time Purchaser succeeded to Landlord’s interest; or 

(h) responsible for the making of repairs in or to the Property in the case of damage or destruction to the Property or any part thereof due
to fire or other casualty or by reason of condemnation unless Purchaser is obligated under the Lease to make such repairs and Purchaser receives insurance proceeds or condemnation awards sufficient to finance the completion of such repairs. 

In the event that any liability of Purchaser does arise pursuant to this Agreement, such liability shall be limited and restricted to Purchaser’s
interest in the Property and shall in no event exceed such interest. 
 4. NOTICE TO TENANT. After notice is given to Tenant by
Lender that an Event of Default (as defined in the Security Instrument) exists under the Security Instrument and that the rentals under the Lease should be paid to Lender pursuant to the terms of the Assignment of Rents, Tenant shall thereafter pay
to Lender or as directed by the Lender, all rentals and all other monies due or to become due to Landlord under the Lease and Landlord hereby expressly authorizes Tenant to make such payments to Lender and hereby releases and discharges Tenant from
any liability to Landlord on account of any such payments. 
 5. NOTICE TO LENDER AND RIGHT TO CURE. Tenant agrees to simultaneously
notify Lender by certified mail, return receipt requested, with postage prepaid, of any default on the part of Landlord under the Lease which would entitle Tenant to cancel or terminate the Lease or abate or reduce the rent payable thereunder, and
Tenant further agrees that, notwithstanding any provisions of the Lease, no cancellation or termination of the Lease and no abatement or reduction of the rent payable thereunder shall be effective unless Lender has received notice of the same and
has failed within forty-five (45) days after both Lender’s receipt 

  
 4 

 
of said notice and the time when Lender shall have become entitled under the Security Instrument (as hereinafter defined) to remedy the same, to commence to cure the default which gave rise to
the cancellation or termination of the Lease or abatement or reduction of the rent payable thereunder and thereafter diligently prosecutes such cure to completion, provided that in the event Lender cannot commence such cure without possession of the
Property, no cancellation or termination of the Lease and no abatement or reduction of the rent payable thereunder shall be effective if Lender commences judicial or non-judicial proceedings to obtain
possession within such period and thereafter diligently prosecutes such efforts and cure to completion. In addition, if such default is not susceptible of cure by Lender and Lender obtains possession of the Property, such default shall be waived.
Notwithstanding the foregoing, Lender shall have no obligation to cure any default by Landlord except as provided in Section 3 in the event Lender shall become the owner of the Property by reason of the foreclosure of the Security Instrument or
the acceptance of a deed or assignment in lieu of foreclosure or by reason of any other enforcement of the Security Instrument. 
 6.
NOTICES. Any notice, demand, request or other communication which any party hereto may be required or may desire to give hereunder shall be in writing and shall be deemed to have been properly given (a) if hand delivered, when delivered;
(b) if mailed by United States Certified Mail (postage prepaid, return receipt requested), three Business Days after mailing (c) if by Federal Express or other reliable overnight courier service, on the next Business Day after delivered to
such courier service or (d) if by telecopier on the day of transmission so long as copy is sent on the same day by overnight courier as set forth below: 
  

							
	If to Tenant:	  	  
	  	
		  	  
	  	
		  	  
	  	
		  	Attention:	 	  
	  	

							
			
	If to Lender:	  	  
	  	
		  	  
	  	
		  	Attention:	 		  	
			
	With a copy to:	  	  
	  	
		  	  
	  	
		  	Attention:	 		  	

 or addressed as such party may from time to time designate by written notice to the other parties. For purposes of this
Section 6, the term “Business Day” shall mean a day on which commercial banks are not authorized or required by law to close in the state where the Property is located. Either party by notice to the other may designate additional or
different addresses for subsequent notices or communications. 
 7. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
inure to the benefit of Lender, Tenant and Purchaser and their respective successors and assigns. 
 8. GOVERNING LAW. This Agreement
shall be deemed to be a contract entered into pursuant to the laws of the State of                      and shall in all respects be governed,
construed, applied and enforced in accordance with the laws of the State of                     . 

  
 5 

 9. MISCELLANEOUS. This Agreement may not be modified in any manner or terminated except by
an instrument in writing executed by the parties hereto. If any term, covenant or condition of this Agreement is held to be invalid, illegal or unenforceable in any respect, this Agreement shall be construed without such provision. This Agreement
may be executed in any number of duplicate originals and each duplicate original shall be deemed to be an original. This Agreement may be executed in several counterparts, each of which counterparts shall be deemed an original instrument and all of
which together shall constitute a single Agreement. The failure of any party hereto to execute this Agreement, or any counterpart hereof, shall not relieve the other signatories from their obligations hereunder. Whenever the context may require, any
pronouns used herein shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural and vice versa. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 6 

 IN WITNESS WHEREOF, Lender and Tenant have duly executed this Agreement as of the date first above written. 

 

			
	LENDER:
		
	By:	 	  

	Name:	 	  

	Its:	 	  

 [INSERT NOTARY BLOCK FOR APPLICABLE STATE] 

[SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 7 

 
			
	TENANT:
	
	  

	a	 	  

	By:	 	  

	Name:	 	  

	Its:	 	  

 [INSERT NOTARY BLOCK FOR APPLICABLE STATE] 

[SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 8 

 The undersigned hereby joins in the execution of this Agreement in order to evidence its acceptance of, and
agreement to, the provisions of Section 4 hereof. 
  

							
	LANDLORD:
	
	  

	a Delaware limited liability company
		
	By:	 	Carter/Validus Operating Partnership, LP a Delaware limited partnership
			
		 	By:	 	Carter Validus Mission Critical REIT, Inc., a Maryland corporation
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Its:	 	  

 [INSERT NOTARY BLOCK FOR APPLICABLE STATE] 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 9 

 Exhibit “A” 

LEGAL DESCRIPTION 

 Exhibit E 

See Attached Property Condition Report 

  
 2 

 Exhibit F 

GUARANTY 
 THIS GUARANTY
(this “Guaranty”) is made and entered into as of the      day of            , 2013 by AT&T Teleholdings, Inc., a Delaware corporation, as guarantor
(“Guarantor”) in favor of                     , LLC, a Delaware limited liability company (“Lessor”). 

RECITALS 
 AT&T
Services, Inc., a Delaware corporation, as lessee (“Lessee”), and Lessor have entered into that certain Lease Agreement (the “Lease”), pursuant to which Lessee has leased from Lessor certain real property, together with the
improvements thereon, located at
                                         in the
City of                     , State of
                    , as specifically described in the Lease (the “Property”); 

Each of Guarantor and Lessee are wholly-owned subsidiaries of AT&T Inc.; 

Pursuant to certain agreements of the parties, Lessee has agreed to cause Guarantor to execute and deliver to Lessor this Guaranty to secure
Lessee’s obligations under the Lease; and 
 Guarantor has agreed to provide to Lessor this Guaranty. 

NOW, THEREFORE, in consideration of the benefits to be derived by Guarantor from enabling Lessee to lease the Property from Lessor in
accordance with the terms of the Lease and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor agrees as follows for the benefit of Lessor: 

1. All capitalized terms used but not otherwise defined in this Guaranty shall have the meanings given to them in the Lease. 

2. Guarantor unconditionally and irrevocably guarantees to Lessor from and after (i) the occurrence and during the continuance of a Lease
Event of Default; (ii) the appointment of a receiver over the Lessee or the Lessee’s assets in connection with any State, Federal or Administrative Proceeding; or (iii) the filing by or against the Lessee of (x) a petition for
bankruptcy under Title 11 of the United States Code; (y) an assignment for the benefit of creditors; or (z) other insolvency, liquidation or dissolution proceeding: (a) the full and prompt payment of any and all Base Rent and
Supplemental Rent payable by Lessee under the Lease, and (b) the full and timely performance and observance of all of the terms, provisions, covenants and obligations of Lessee under the Lease (collectively, with the payment of Rent, the
“Obligations”). 
 3. Lessor may enforce this Guaranty against Guarantor at any time, from and after (i) the occurrence and
during the continuance of a Lease Event of Default; (ii) the appointment of a receiver over the Lessee or the Lessee’s assets in connection with any State, Federal or Administrative Proceeding, or (iii) the filing by or against the
Lessee of (x) a petition for bankruptcy under Title 11 of the United States Code; (y) an assignment for the benefit of creditors; or (z) other insolvency, liquidation or dissolution proceeding. 

  
 3 

 4. This Guaranty is an absolute, unconditional and continuing guaranty without regard to the
validity or enforceability of any Obligations. Further, Guarantor expressly agrees that its obligations hereunder shall not in any way be terminated, affected or impaired by reason of (a) the granting by Lessor of any indulgences to Lessee,
(b) the assertion against Lessee of any of the rights or remedies reserved to Lessor pursuant to the provisions of the Lease or (c) the release of Lessee from any of Lessee’s obligations under the Lease whether by operation of law or
otherwise, provided, however, that the Guarantor shall not be responsible for the amount by which Lessee’s liability under the Lease is reduced pursuant to a release, settlement or compromise memorialized in a written agreement executed by
Lessor and Lessee. Guarantor hereby waives all suretyship defenses and all other defenses other than strict payment and performance in full of all Obligations other than as described in (c) above. Guarantor further covenants and agrees that
this Guaranty shall remain and continue in full force and effect as to any renewal, modification or extension of the Lease and, any assignment or other transfer thereof or any interest therein by Lessee, interests in Lessee or by operation of law,
whether or not Guarantor shall have received any notice of or consent to such renewal, modification, extension or assignment. This Guaranty constitutes a guaranty of payment and not merely a guaranty of collection. 

5. It is agreed that the failure of Lessor to insist in any one or more instances upon strict performance or observance of any of the terms,
provisions or covenants of the Lease or to exercise any right therein contained shall not be construed or deemed to be a waiver or relinquishment in the future of such term, provision, covenant or right. 

6. All of Lessor’s rights and remedies under the Lease and this Guaranty are intended to be distinct, separate and cumulative and no such
right and remedy therein or herein provided is intended to be to the exclusion of or a waiver of any other. 
 7. Subject to paragraph 3,
Guarantor hereby waives presentment, demand for performance, notice of nonperformance, protest, notice of protest, notice of dishonor and notice of acceptance. Guarantor further waives any right to require that an action be brought against Lessee or
any other person or to require that resort be had by Lessor to any security held by Lessor. The foregoing provisions shall not constitute a waiver of any notice required by the terms of the Lease or this Guaranty. 

8. Guarantor hereby waives to the fullest extent permitted by law any and all rights, whether arising at law, in equity, by agreement or
otherwise to subrogation to or indemnity, reimbursement or contribution from Lessee or any other Person primarily, contingently or secondarily directly or indirectly liable for all or any part of the Obligations that otherwise would arise out of or
result from any payment by Guarantor to Lessor under or pursuant to this Guaranty. 
 9. In accordance with and subject to the applicable
terms of the Lease, Lessor may assign all of its interests in and to the Lease to any person to whom Lessor sells the Property (as defined in the Lease) and to any lender providing a loan to Lessor, or any collateral agent or

  
 4 

 
trustee acting for the benefit of any such lender or lenders. Lessor will provide written notice to Guarantor, of any such assignment. In such event, each and every successive permitted assignee
of this Guaranty and Lessor’s interest in the Lease notice of which Guarantor shall have received will have the right to enforce this Guaranty, by suit or otherwise, as fully as if such assignee were named herein. Guarantor will not assign its
obligations under this Guaranty without the prior written consent of Lessor, other than (i) to a successor to all or substantially all of the assets and liabilities of Guarantor or (ii) a subsidiary of AT&T Inc. with a senior unsecured
debt rating not less than the rating of Guarantor immediately prior to the assignment. Guarantor will provide written notice to Lessee of any such assignment, provided that notwithstanding such assignment, Guarantor shall not be released from its
obligation under this Guaranty. 
 10. Guarantor warrants and represents that (a) it has the legal right power, authority and capacity
to execute this Guaranty, (b) the execution, delivery and performance of this Guaranty do not violate any material agreements to which Guarantor is a party or by which Guarantor is bound and (c) this Guaranty is fully binding on and
enforceable against Guarantor, except as enforcement may be limited by bankruptcy, moratorium, fraudulent conveyance, insolvency, equitable principles or other similar laws affecting the enforcement of creditors’ rights in general. 

11. If at any time any part of any payment received by Lessor and applied to any of the Obligations is rescinded or avoided or returned by
Lessor for any reason, including the insolvency, bankruptcy or reorganization of any of Lessee, Guarantor or any other Person, such Obligations shall be deemed to have continued in existence to the extent that such payment is rescinded, avoided or
returned, and this Guaranty shall be reinstated as to such Obligations as though such prior application by Lessor had not been made or otherwise taken into account. The provisions of this Paragraph 11 shall survive the payment and satisfaction of
the Obligations and this Guaranty as well as the delivery of any instruments of release, satisfaction or termination that may be delivered in connection with the Lease or this Guaranty. 

12. In the event of the rejection or disaffirmance of the Lease by Lessee or Lessee’s receiver pursuant to any law affecting
creditor’s rights, Guarantor shall, and does hereby (without the necessity of any further agreement or act), assume all obligations and liabilities of Lessee under or arising out of the Lease, to the same extent as if Guarantor had been
originally named the lessee under the Lease and there had been no such rejection or disaffirmance. At the request of Lessor upon or after such rejection or disaffirmance, Guarantor shall confirm such assumption in writing. Upon such assumption,
Guarantor shall have and succeed to all rights of Lessee under the Lease and shall be entitled to a new lease on all of the terms and conditions of the Lease with respect to the remaining Lease Term (to the extent permitted by law). Guarantor and
Lessor shall execute and deliver such documents as the other party may from time to time reasonably require to evidence such assumption and succession. 

13. Guarantor shall upon demand pay to Lessor the amount of any and all reasonable and documented expenses, including reasonable
attorneys’ fees and expenses, which Lessor may incur in connection with a successful enforcement of its rights hereunder. 
 14. The
terms and provisions of this Guaranty, and the respective rights and obligations hereunder of Lessor and Guarantor, shall be binding upon their respective successors, legal representatives and assigns and inure to the benefit of their respective
permitted successors and assigns. 

  
 5 

 15. Notwithstanding anything to the contrary expressed or implied by this Guaranty, Guarantor
shall have the right to cure or cause to be cured any default under the Lease or Lease Event of Default within the cure periods provided for in the Lease in the case of a default. Lessor will accept any such cure by or caused by Guarantor. In the
event Guarantor cures a Lease Event of Default as provided herein, Lessor shall not exercise any remedies against Lessee under Section 17.1 of the Lease. 

16. Intentionally Omitted. 
 17.
All notices to be sent hereunder shall be sent in the manner and deemed delivered at the times set forth in the Lease; with the exception that notices sent to Guarantor shall be sent to: 

 

					
		  	AT&T Teleholdings, Inc.
		  	208 S. Akard Street
		  	Dallas, TX 75202
		  	Attn: Assistant Treasurer
		
	with a copy to:	  	 AT&T Inc.
 208 S. Akard
Street

		  	Dallas, TX 75202
		  	Attention:	  	Director-Corporate Finance
			
	and with a copy to:	  		  	
		
		  	 AT&T Inc.
 208 S. Akard
St.
 Dallas, Texas 75202

		  	Attention:	  	Kenneth H. Gitter
		  		  	General Attorney

 18. This Guaranty shall be deemed to be a contract made under and governed by the internal laws (without
regard to the conflict of laws provisions) of the State of New York. 
 19. Lessor acknowledges that this Guaranty is a guarantee of the
Obligations only and that Guarantor has not provided any security or collateral in support of the Guaranty. The terms of the Guaranty shall not be deemed to restrict the conduct of Guarantor’s business and operations in any way, including any
changes to the corporate structure of, or acquisition, disposition or transfer of any of the assets of, the Guarantor, its subsidiaries and affiliates. 

20. Guarantor acknowledges full and complete notice and knowledge of all terms, conditions, covenants, obligations and agreements set forth in
the Lease. Guarantor further acknowledges the valid consideration received by it for entering into this Guaranty. 

  
 6 

 21. Within thirty (30) days after written request of Lessor, that i) Lessor is selling or
refinancing the Property; or ii) Lessor has received a request from the lender to Lessor requesting financials (which lender to Lessor request may not be more frequently than annually); then the Guarantor shall provide to Lessor the most current
internally prepared annual (no older than 1 year) balance sheet, income and cash flow statements, respectively, certified by a senior financial officer of Guarantor, with a certification which states: 

“Pursuant to section 21 of the AT&T Teleholdings, Inc. Guaranty dated
                    , 2013, enclosed are the following unaudited financial statements for the period ending XXXX 3X, 20XX: 

 

	 	•	 	Balance sheet as of XXXX 3X, 20XX 

  

	 	•	 	Statement of income for the month and year to date ended XXXX 3X, 20XX 

  

	 	•	 	Statement of cash flows for the month and year to date ended XXXX 3X, 20XX 

 To the best of my knowledge, the
statements fairly represent the financial condition and results of operations. 
 These statements are true, correct and complete and were prepared in
accordance with GAAP, or an alternative presentation which is reasonably consistent with GAAP, applied on a consistent basis, subject to changes resulting from normal year-end adjustments.” 

22. Guarantor waives all diligence in collection or in protection of any security, presentment, protest, demand, notice of dishonor or
default, notice of acceptance of this Guaranty, notice of any extensions granted or other action taken in reliance hereon and all demands and notices of any kind in connection with this Guaranty or any Obligations. 

23. Guarantor’s payment of any amount pursuant to this Guaranty shall not in any way entitle Guarantor to (and Guarantor hereby waives)
any right, title or interest (whether by subrogation or otherwise) of the Lessee under the Lease or to any security being held for any Obligations. 

24. Lessor and Guarantor intend and believe that each provision of this Guaranty complies with and is valid under all applicable law. However,
if any provision of this Guaranty is found by a court to be invalid for any reason, the remainder of this Guaranty shall continue in full force and effect and the invalid provisions shall be construed as if it were not contained herein. 

25. [Intentionally Deleted]. 

26. Guarantor acknowledges that Lessor is relying upon this Guaranty in agreeing to execute the Lease, and that, but for the execution of this
Guaranty by Guarantor, Lessor would not lease the Property to Lessee. 
 [Signatures begin on next Page] 

  
 7 

 [SIGNATURE PAGE TO GUARANTY] 

IN WITNESS WHEREOF, Guarantor has duly executed and delivered this Guaranty, as of the date set forth in the first preamble to this Guaranty. 

 

			
	AT&T TELEHOLDINGS, INC. a Delaware corporation
		
	By:	 	  

	Name:	 	Jonathan P. Klug
	Title:	 	Treasurer

 [Signature Page of Lessor follows] 

  
 8 

 Lessor hereby accepts this Guaranty and agrees to be bound by the provisions of Paragraphs 3, 4, 5, 9, 12 , 14,
15, 18, 19 and 24 hereof. 
  

							
	                    , LLC,
	a Delaware limited liability company
		
	By:	 	 Carter/Validus Operating Partnership, LP, a

Delaware limited partnership, its sole
 member

			
		 	By:	 	 Carter Validus Mission Critical

REIT, Inc., a Maryland corporation,
 its General
Partner

				
		 		 	By:	 	  

		 		 	Name:	 	John E. Carter
		 		 	Its:	 	Chief Executive Officer

  
 9 

 Exhibit G 

The “Repair Items” per Section 8.2 of the Lease are set out below: 

  
 10 

											
	 NO.
	  	 SECTION
NO.
	  	 ITEMS TO BE RESOLVED IN 0-12 MONTHS
	  	ESTIMATED
COST	 	  	  
 * Tenant shall covenant to repair

		  	3.3	  	EXTERIORS	  				  
	1	  		  	 Replace Curtain Wall System
 The
Subject’s curtain wall facades were reported to leak due to wind driven rain and to be a chronic maintenance issue. Double glazed units
 were observed
to be clouded. The façade expansion joint material and
 the glazing units have exceeded their EULs. Re-glazing of the entire system should be done.
Management indicated that they are currently requesting proposals to re-glaze the system.
	  	$	300,000	  	  
	2	  		  	 Clean and Paint Stucco and Service Doors
 The
mechanical penthouses’ exterior stucco walls have peeling paint and require power washing and painting. Hollow metal service doors throughout. Subject were observed to have faded paint and rust and require cleaning and painting
	  	$	7,000	  	  
		  	3.4	  	ROOFING	  				  
	3	  		  	 Re-Roofing, Built-Up, Rip-Off & Replace-Mechanical Plant Building

The mechanical equipment building BUR was found to be has exceeded its EUL. We observed many previous repairs, and the susceptibility of trapped water vapor
within the felts is a concern. The existing roof covering should be ripped off and replaced.
	  	$	63,000	  	  
	 4
	  		  	Freight Elevator	  				  
	 NO.
	  	  

SECTION
NO.
	  	 ITEMS TO BE RESOLVED IN 1-60 MONTHS
	  	ESTIMATED
COST	 	  
		  	3.4.1	  	ROOFING	  				  
	5	  		  	Re-Roofing, Built-Up, Mineralized Cap Sheet, Rip-Off & Replace Office Building	  	$	450,000	  	  
		  	3.7.1	  	HEATING, VENTILATION & AIR CONDITIONING	  				  
	6	  		  	Replace Centrifugal Chillers, Water Cooled System	  	$	1,000,000	  	  
	7	  		  	Replace Packaged Fan Coil A/C Unit	  	$	1,230,000	  	  
	 NO.
	  	  

SECTION
NO.
	  	 ITEMS TO BE RESOLVED BEFORE END OF LEASE
	  	ESTIMATED
COST	 	  
		  	3.3	  	EXTERIORS	  				  
	8	  		  	Caulk Pre-Cast Concrete, Panel Joints	  	$	25,000	  	  
		  	3.1	  	ELEVATORS	  				  
	9	  		  	Replace Variable Air Volume (VAV) Boxes	  	$	175,000	  	  
	10	  		  	Apply 1 1/2” Overlay to Asphalt Pavement	  	$	540,000	  	  
	 NO.
	  	  

SECTION
NO.
	  	 ALLOCATIONS TO BE MADE FOR THE
FOLLOWING ITEMS
	  	ESTIMATED
COST	 	  
		  		  	PLUMBING SYSTEMS	  				  
	 11
	  		  	Replace Central Domestic Water Boiler	  	$	2,500	  	  
		  		  	HEATING, VENTILATION & AIR CONDITIONING	  				  
	 12
	  		  	Replace Cooling Tower	  	$	1,500,000	  	  

  
 11EX-10.1

 Exhibit 10.1 
  

 
  

Published CUSIP Number: 29269JAE3 

CREDIT AGREEMENT 
 Dated as of
December 17, 2013 
 among 

ENERGEN CORPORATION, 
 as the
Borrower, 
 CERTAIN SUBSIDIARIES OF THE BORROWER IDENTIFIED HEREIN, 

as the Guarantors, 
 BANK OF
AMERICA, N.A., 
 as Administrative Agent 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

REGIONS BANK, 
 COMPASS BANK, 

JPMORGAN CHASE BANK, N.A. 
 and 

U.S. BANK NATIONAL ASSOCIATION, 
 as
Co-Syndication Agents 
 and 

THE OTHER LENDERS PARTY HERETO 

Arranged By: 
 MERRILL LYNCH,
PIERCE, FENNER & SMITH INCORPORATED, 
 WELLS FARGO SECURITIES, LLC, 

REGIONS CAPITAL MARKETS, 
 A
DIVISION OF REGIONS BANK, 
 COMPASS BANK, 

J.P. MORGAN SECURITIES LLC 
 and

 U.S. BANK NATIONAL ASSOCIATION, 

as Joint Lead Arrangers and Joint Book Managers 
  

 
  

 TABLE OF CONTENTS 
  

									
	 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
				
		 	 1.01
	 	 Defined Terms.
	  	 	1	  
		 	 1.02
	 	 Other Interpretive Provisions.
	  	 	20	  
		 	 1.03
	 	 Accounting Terms.
	  	 	21	  
		 	 1.04
	 	 Rounding.
	  	 	22	  
		 	 1.05
	 	 Times of Day.
	  	 	22	  
		
	 ARTICLE II THE COMMITMENTS AND BORROWINGS
	  	 	22	  
				
		 	 2.01
	 	 Loans.
	  	 	22	  
		 	 2.02
	 	 Borrowings, Conversions and Continuations of Loans.
	  	 	24	  
		 	 2.03
	 	 [Reserved].
	  	 	25	  
		 	 2.04
	 	 [Reserved].
	  	 	25	  
		 	 2.05
	 	 Voluntary Prepayments.
	  	 	25	  
		 	 2.06
	 	 [Reserved].
	  	 	25	  
		 	 2.07
	 	 Repayment of Loans.
	  	 	26	  
		 	 2.08
	 	 Interest.
	  	 	26	  
		 	 2.09
	 	 Fees.
	  	 	27	  
		 	 2.10
	 	 Computation of Interest and Fees.
	  	 	27	  
		 	 2.11
	 	 Evidence of Debt.
	  	 	27	  
		 	 2.12
	 	 Payments Generally; Administrative Agent’s Clawback.
	  	 	27	  
		 	 2.13
	 	 Sharing of Payments by Lenders.
	  	 	29	  
		 	 2.14
	 	 [Reserved].
	  	 	29	  
		 	 2.15
	 	 Defaulting Lenders.
	  	 	30	  
		
	 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	31	  
				
		 	 3.01
	 	 Taxes.
	  	 	31	  
		 	 3.02
	 	 Illegality.
	  	 	35	  
		 	 3.03
	 	 Inability to Determine Rates.
	  	 	35	  
		 	 3.04
	 	 Increased Costs.
	  	 	36	  
		 	 3.05
	 	 Compensation for Losses.
	  	 	37	  
		 	 3.06
	 	 Mitigation Obligations; Replacement of Lenders.
	  	 	38	  
		 	 3.07
	 	 Survival.
	  	 	38	  
		
	 ARTICLE IV GUARANTY
	  	 	38	  
				
		 	 4.01
	 	 The Guaranty.
	  	 	38	  
		 	 4.02
	 	 Obligations Unconditional.
	  	 	39	  
		 	 4.03
	 	 Reinstatement.
	  	 	40	  
		 	 4.04
	 	 Certain Additional Waivers.
	  	 	40	  
		 	 4.05
	 	 Remedies.
	  	 	40	  
		 	 4.06
	 	 Rights of Contribution.
	  	 	40	  
		 	 4.07
	 	 Guarantee of Payment; Continuing Guarantee.
	  	 	40	  
		
	 ARTICLE V CONDITIONS PRECEDENT TO BORROWINGS
	  	 	41	  
				
		 	 5.01
	 	 Conditions of Effectiveness.
	  	 	41	  
		 	 5.02
	 	 Conditions to all Borrowings.
	  	 	42	  

  
 i 

									
		
	 ARTICLE VI REPRESENTATIONS AND WARRANTIES
	  	 	43	  
				
		 	 6.01
	 	 Existence, Qualification and Power.
	  	 	43	  
		 	 6.02
	 	 Authorization; No Contravention.
	  	 	43	  
		 	 6.03
	 	 Governmental Authorization; Other Consents.
	  	 	43	  
		 	 6.04
	 	 Binding Effect.
	  	 	44	  
		 	 6.05
	 	 Financial Statements; No Material Adverse Effect.
	  	 	44	  
		 	 6.06
	 	 Litigation.
	  	 	44	  
		 	 6.07
	 	 No Default.
	  	 	44	  
		 	 6.08
	 	 Ownership of Property.
	  	 	45	  
		 	 6.09
	 	 Environmental Compliance.
	  	 	45	  
		 	 6.10
	 	 [Reserved].
	  	 	45	  
		 	 6.11
	 	 Taxes.
	  	 	45	  
		 	 6.12
	 	 ERISA Compliance.
	  	 	45	  
		 	 6.13
	 	 Subsidiaries.
	  	 	46	  
		 	 6.14
	 	 Margin Regulations; Investment Company Act.
	  	 	46	  
		 	 6.15
	 	 Disclosure.
	  	 	46	  
		 	 6.16
	 	 Compliance with Laws.
	  	 	46	  
		 	 6.17
	 	 Solvency.
	  	 	47	  
		
	 ARTICLE VII AFFIRMATIVE COVENANTS
	  	 	47	  
				
		 	 7.01
	 	 Financial Statements.
	  	 	47	  
		 	 7.02
	 	 Certificates; Other Information.
	  	 	48	  
		 	 7.03
	 	 Notices.
	  	 	49	  
		 	 7.04
	 	 Payment of Obligations.
	  	 	49	  
		 	 7.05
	 	 Preservation of Existence, Etc.
	  	 	49	  
		 	 7.06
	 	 Maintenance of Properties.
	  	 	49	  
		 	 7.07
	 	 Maintenance of Insurance.
	  	 	50	  
		 	 7.08
	 	 Compliance with Laws.
	  	 	50	  
		 	 7.09
	 	 Books and Records.
	  	 	50	  
		 	 7.10
	 	 Inspection Rights.
	  	 	50	  
		 	 7.11
	 	 Use of Proceeds.
	  	 	51	  
		 	 7.12
	 	 ERISA Compliance.
	  	 	51	  
		 	 7.13
	 	 Additional Subsidiaries.
	  	 	51	  
		 	 7.14
	 	 Ownership of Certain Subsidiaries.
	  	 	51	  
		 	 7.15
	 	 Investments.
	  	 	51	  
		
	 ARTICLE VIII NEGATIVE COVENANTS
	  	 	52	  
				
		 	 8.01
	 	 Liens.
	  	 	52	  
		 	 8.02
	 	 [Reserved].
	  	 	55	  
		 	 8.03
	 	 Indebtedness.
	  	 	55	  
		 	 8.04
	 	 Fundamental Changes.
	  	 	55	  
		 	 8.05
	 	 Dispositions.
	  	 	56	  
		 	 8.06
	 	 Restricted Payments.
	  	 	56	  
		 	 8.07
	 	 Change in Nature of Business.
	  	 	57	  
		 	 8.08
	 	 Transactions with Affiliates and Insiders.
	  	 	57	  
		 	 8.09
	 	 [Reserved].
	  	 	57	  
		 	 8.10
	 	 Use of Proceeds.
	  	 	57	  
		 	 8.11
	 	 Financial Covenant.
	  	 	57	  
		 	 8.12
	 	 Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity.
	  	 	57	  

  
 ii 

									
		
	 ARTICLE IX EVENTS OF DEFAULT AND REMEDIES
	  	 	58	  
				
		 	 9.01
	 	 Events of Default.
	  	 	58	  
		 	 9.02
	 	 Remedies Upon Event of Default.
	  	 	59	  
		 	 9.03
	 	 Application of Funds.
	  	 	60	  
		
	 ARTICLE X ADMINISTRATIVE AGENT
	  	 	61	  
				
		 	 10.01
	 	 Appointment and Authority.
	  	 	61	  
		 	 10.02
	 	 Rights as a Lender.
	  	 	61	  
		 	 10.03
	 	 Exculpatory Provisions.
	  	 	61	  
		 	 10.04
	 	 Reliance by Administrative Agent.
	  	 	62	  
		 	 10.05
	 	 Delegation of Duties.
	  	 	62	  
		 	 10.06
	 	 Resignation of Administrative Agent.
	  	 	63	  
		 	 10.07
	 	 Non-Reliance on Administrative Agent and Other Lenders.
	  	 	64	  
		 	 10.08
	 	 No Other Duties; Etc.
	  	 	64	  
		 	 10.09
	 	 Administrative Agent May File Proofs of Claim.
	  	 	64	  
		 	 10.10
	 	 Guaranty Matters.
	  	 	65	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	65	  
				
		 	 11.01
	 	 Amendments, Etc.
	  	 	65	  
		 	 11.02
	 	 Notices; Effectiveness; Electronic Communications.
	  	 	66	  
		 	 11.03
	 	 No Waiver; Cumulative Remedies; Enforcement.
	  	 	68	  
		 	 11.04
	 	 Expenses; Indemnity; and Damage Waiver.
	  	 	69	  
		 	 11.05
	 	 Payments Set Aside.
	  	 	70	  
		 	 11.06
	 	 Successors and Assigns.
	  	 	70	  
		 	 11.07
	 	 Treatment of Certain Information; Confidentiality.
	  	 	74	  
		 	 11.08
	 	 Set-off.
	  	 	75	  
		 	 11.09
	 	 Interest Rate Limitation.
	  	 	75	  
		 	 11.10
	 	 Counterparts; Integration; Effectiveness.
	  	 	75	  
		 	 11.11
	 	 Survival of Representations and Warranties.
	  	 	76	  
		 	 11.12
	 	 Severability.
	  	 	76	  
		 	 11.13
	 	 Replacement of Lenders.
	  	 	76	  
		 	 11.14
	 	 Governing Law; Jurisdiction; Etc.
	  	 	77	  
		 	 11.15
	 	 Waiver of Right to Trial by Jury.
	  	 	78	  
		 	 11.16
	 	 No Advisory or Fiduciary Responsibility.
	  	 	78	  
		 	 11.17
	 	 Electronic Execution of Assignments and Certain Other Documents.
	  	 	79	  
		 	 11.18
	 	 USA PATRIOT Act Notice.
	  	 	79	  

  
 iii 

 SCHEDULES 
  

					
		 	2.01	  	Commitments and Applicable Percentages
		 	6.13	  	Subsidiaries
		 	8.01	  	Liens Existing on the Closing Date
		 	8.03	  	Indebtedness Existing on the Closing Date
		 	11.02	  	Certain Addresses for Notices

 EXHIBITS 

 

					
		 	2.01(b)	  	Form of Incremental Term Loan Agreement
		 	2.02	  	Form of Loan Notice
		 	2.11(a)	  	Form of Term Loan Note
		 	2.11(b)	  	Form of Incremental Term Loan Note
		 	3.01	  	Forms of U.S. Tax Compliance Certificates
		 	7.02	  	Form of Compliance Certificate
		 	7.13	  	Form of Joinder Agreement
		 	11.06(b)	  	Form of Assignment and Assumption

  
 iv 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT is entered into as of December 17, 2013 among ENERGEN CORPORATION, an Alabama corporation (the
“Borrower”), the Guarantors (defined herein), the Lenders (defined herein) and BANK OF AMERICA, N.A., as Administrative Agent. 

The Borrower has requested that the Lenders provide a $600,000,000 term loan facility for the purposes set forth herein, and the Lenders are
willing to do so on the terms and conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein contained,
the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 
  

	1.01	Defined Terms. 

 As used in this Agreement, the following terms shall have
the meanings set forth below: 
 “Act” has the meaning specified in Section 11.18. 

“Acquisition”, by any Person, means the acquisition by such Person, in a single transaction or in a series of related
transactions, of either (a) all or any substantial portion of the property of, or a line of business or division of, another Person or (b) at least a majority of the Voting Stock of another Person, in each case whether or not involving a
merger or consolidation with such other Person. 
 “Administrative Agent” means Bank of America in its capacity as
administrative agent under any of the Loan Documents, or any successor administrative agent. 
 “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 11.02 or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the
Lenders. 
 “Administrative Questionnaire” means an Administrative Questionnaire in a form approved by the Administrative
Agent. 
 “Affiliate” means, with respect to any 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. 
 “Agreement” means
this Credit Agreement. 
 “Applicable Percentage” means, with respect to any Lender, at any time the percentage of the
outstanding principal amount of the Loans held by such Lender at such time. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which
such Lender becomes a party hereto, as applicable. The Applicable Percentages shall be subject to adjustment as provided in Section 2.15. 

 “Applicable Rate” means from time to time, the following percentages per annum,
based upon the Debt Rating as set forth below: 
  

											
	 Pricing
Level
	  	 Debt Rating

(S&P/Fitch/Moody’s)
	  	Eurodollar
Rate Loans	 	 	Base Rate
Loans	 
	 I
	  	3 A-/A-/A3	  	 	1.000	% 	 	 	0.000	% 
	 II
	  	BBB+/BBB+/Baa1	  	 	1.125	% 	 	 	0.125	% 
	 III
	  	BBB/BBB/Baa2	  	 	1.375	% 	 	 	0.375	% 
	 IV
	  	BBB-/BBB-/Baa3	  	 	1.625	% 	 	 	0.625	% 
	 V
	  	< BBB-/ BBB-/Baa3	  	 	1.875	% 	 	 	0.875	% 

 “Debt Rating” means, as of any date of determination, the rating as determined by any of
S&P, Fitch or Moody’s (collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior unsecured long-term debt; provided that, (a) if the Borrower is split-rated and all three (3) Debt
Ratings fall in different Pricing Levels, the applicable Pricing Level shall be based upon the Pricing Level indicated by the middle Debt Rating, (b) if the Borrower is split-rated and two (2) of the Debt Ratings fall in the same Pricing
Level (the “Majority Level”) and the third Debt Rating is in a different Pricing Level, the applicable Pricing Level shall be based upon the Majority Level, (c) if the Borrower shall maintain Debt Ratings from only two
(2) of Moody’s, S&P and Fitch, the applicable Pricing Level shall be based on (x) if the two Debt Ratings are one Pricing Level apart, the higher of the two Debt Ratings (the lower pricing); (y) if the two Debt Ratings are
two or three Pricing Levels apart, the applicable Pricing Level shall be determined by reference to the Pricing Level one Debt Rating lower than the higher of the two Debt Ratings; and (z) if the two Debt Ratings are four Pricing Levels apart,
the applicable Pricing Level shall be determined by reference to the Pricing Level two Debt Ratings lower than the higher of the two Debt Ratings. For the avoidance of doubt, if the Borrower does not have any Debt Rating, Pricing Level V shall
apply. 
 Initially, the Applicable Rate shall be Pricing Level IV. Thereafter, each change in the Applicable Rate resulting from a publicly
announced change in a Debt Rating shall be effective on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arrangers” means MLPFS, WFS,
Regions Capital, Compass Bank, J.P. Morgan Securities LLC and U.S. Bank National Association in their capacity as joint lead arrangers and joint book managers. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 11.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit 11.06(b) or any other form (including electronic documentation generated by MarkitClear or
other electronic platform) approved by the Administrative Agent. 
 “Attributable Indebtedness” means, with respect to any
Person on any date, (a) in respect of any Capital Lease, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease, the
capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a

  
 2 

 
Capital Lease and (c) in respect of any Securitization Transaction, the outstanding principal amount of such financing, after taking into account reserve accounts and making appropriate
adjustments, determined by the Administrative Agent in its reasonable judgment. 
 “Audited Financial Statements” means the
audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows of the
Borrower and its Subsidiaries for such fiscal year, including the notes thereto. 
 “BAML Fee Letter” means the letter
agreement, dated as of November 20, 2013, among the Borrower, the Administrative Agent and MLPFS. 
 “Bank of America”
means Bank of America, N.A. and its successors. 
 “Base Rate” means for any day a fluctuating rate per annum equal to the
highest of (a) the Federal Funds Rate plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate” and (c) the one month Eurodollar Rate
plus 1.0%. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced rate. Any change in such “prime rate” announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of
such change. 
 “Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 7.02. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Rate Loans,
having the same Interest Period made by each of the Lenders pursuant to Section 2.01. 
 “Business Day” means
any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any
Eurodollar Rate Loan or any Base Rate Loan bearing interest at a rate based on the Eurodollar Rate, means any such day that is also a London Banking Day. 

“Capital Lease” means, as applied to any Person, any lease of any property by that Person as lessee which, in accordance with
GAAP, is required to be accounted for as a capital lease on the balance sheet of that Person. 
 “Cash Equivalents” means,
as at any date, (a) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having
maturities of not more than twelve months from the date of acquisition, (b) Dollar denominated time deposits, certificates of deposit, eurodollar time deposits or overnight bank deposits of (i) any Lender, (ii) any domestic commercial
bank of recognized standing having capital and surplus in excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof, from
Moody’s is at least P-1 or the equivalent thereof or from Fitch is at least F1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case

  
 3 

 
with maturities of not more than 270 days from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof)
or any commercial paper and fixed or variable rate notes issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P,
P-1 (or the equivalent thereof) or better by Moody’s or F1 (or the equivalent thereof) or better by Fitch on the date such commercial paper or notes are acquired and, in each case, maturing within six
months of the date of acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company (including any of the Lenders or any Approved Bank) or recognized securities dealer having capital and surplus in excess of
$500,000,000 for direct obligations issued by or fully guaranteed by the United States and having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations, (e) securities with maturities
of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of such state, commonwealth or territory or by any foreign
government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P, A2 by Moody’s or A by Fitch on the date such securities are
acquired and (f) investments, classified in accordance with GAAP as current assets, in money market investment programs registered under the Investment Company Act of 1940 which are administered by reputable financial institutions having
capital of at least $500,000,000 and the portfolios of which are limited to Investments of the character described in the foregoing subdivisions (a) through (e). 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or
issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority, provided that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives concerning capital adequacy promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means an event or series of events by
which: 
 (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the
“beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all Equity Interests that such person or group has
the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 30% or more of the Equity Interests of the Borrower entitled to vote for
members of the board of directors or equivalent governing body of the Borrower on a fully diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or 

(b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent
governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing
body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election

  
 4 

 
or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or
equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more
directors by or on behalf of the board of directors). 
 “Closing Date” means December 17, 2013. 

“Commitment” means, as to each Lender, the commitment of such Lender to make a Loan pursuant to Section 2.01. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.). 

“Compliance Certificate” means a certificate substantially in the form of Exhibit 7.02. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consolidated Capital” means, as of any date of determination, the sum
of (a) Consolidated Indebtedness plus (b) Consolidated Net Worth. 
 “Consolidated Debt to Capitalization
Ratio” means, as of any date of determination, the ratio of (a) Consolidated Indebtedness as of such date to (b) Consolidated Capital as of such date. 

“Consolidated Indebtedness” means at any time the Indebtedness of the Borrower and its Subsidiaries calculated on a
consolidated basis as of such time. 
 “Consolidated Net Worth” means at any time the consolidated stockholders’
equity of the Borrower and its Subsidiaries (excluding accumulated other comprehensive gain and loss and any non-cash gains and losses on open Swap Contracts) calculated on a consolidated basis as of such time and in accordance with GAAP. 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights
of creditors generally. 
 “Debt Rating” has the meaning set forth under the definition of “Applicable Rate.”

  
 5 

 “Default” means any event or condition that constitutes an Event of Default or
that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 
 “Default Rate” means
when used with respect to Obligations (arising under the Loan Documents), an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum;
provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each
case to the fullest extent permitted by applicable Laws. 
 “Defaulting Lender” means, subject to
Section 2.15(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder or under any Incremental Term Loan
Agreement to which it is a party, unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which
conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it
hereunder within two Business Days of the date when due, (b) has notified the Borrower or the Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder or has made a public statement to that effect
(unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent,
together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to
confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of
such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it
a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any
other state or federal regulatory authority acting in such a capacity; provided, that, a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect
parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender 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 Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting
Lender under any one or more of clauses (a) through (d) above, and any determination of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender
(subject to Section 2.15(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower and each Lender promptly following such
determination. 
 “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition
of any property by any Loan Party or any Subsidiary, including any Sale and Leaseback Transaction and any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated
therewith, but excluding any Involuntary Disposition. 
 “Dollar” and “$” mean lawful money of the United
States. 

  
 6 

 “Domestic Subsidiary” means any Subsidiary that is organized under the laws of
any state of the United States or the District of Columbia. 
 “Eligible Assignee” means any Person that meets the
requirements to be an assignee under Sections 11.06(b)(iii) and (v) (subject to such consents, if any, as may be required under Section 11.06(b)(iii)). 

“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, judicial decisions, regulations,
ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating to (i) the protection of the environment, (ii) the effect of the
environment on human health, (iii) emissions, discharges or releases of Hazardous Materials into surface water, ground water or land or (iv) the manufacture, processing, distribution, use, treatment, storage, disposal, transport or
handling of Hazardous Materials or the clean-up or other remediation thereof. 
 “Environmental Liability” means any
liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of any Loan Party or any Subsidiary directly or indirectly resulting from or based upon (a) violation
of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous
Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit
interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other
ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 
 “ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the
meaning of Section 414(b) or (c) of the Internal Revenue Code (and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions relating to Section 412 of the Internal Revenue Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower or
any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a
withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a
notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA, (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition
which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan

  
 7 

 
or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Internal Revenue Code or Sections 303, 304 and 305 of ERISA or (h) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate. 

“Eurodollar Base Rate” means: 

(a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered
Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may
be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period)
with a term equivalent to such Interest Period; and 
 (b) for any interest rate calculation with respect to a Base Rate Loan
on any date, the rate per annum equal to LIBOR, at approximately 11:00 a.m., London time, determined two Business Days prior to such date for Dollar deposits with a term of one month commencing that date; 

provided, that, to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the
approved rate shall be applied to the applicable Interest Period in a manner consistent with market practice; provided, further, that, to the extent such market practice is not administratively feasible for the Administrative
Agent, such approved rate shall be applied to the applicable Interest Period as otherwise reasonably determined by the Administrative Agent. 

“Eurodollar Rate” means (a) for any Interest Period with respect to any Eurodollar Rate Loan, a rate per annum
determined by the Administrative Agent to be equal to the quotient obtained by dividing (i) the Eurodollar Base Rate for such Eurodollar Rate Loan for such Interest Period by (ii) one minus the Eurodollar Reserve Percentage for such
Eurodollar Rate Loan for such Interest Period and (b) for any day with respect to any Base Rate Loan bearing interest at a rate based on the Eurodollar Rate, a rate per annum determined by the Administrative Agent to be equal to the quotient
obtained by dividing (i) the Eurodollar Base Rate for such Base Rate Loan for such day by (ii) one minus the Eurodollar Reserve Percentage for such Base Rate Loan for such day. 

“Eurodollar Rate Loan” means a Loan that bears interest at a rate based on clause (a) of definition of “Eurodollar
Rate.” 
 “Eurodollar Reserve Percentage” means, for any day, the reserve percentage (expressed as a decimal, carried
out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan and for each outstanding Base Rate Loan the interest
rate on which is determined by reference to the Eurodollar Rate shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage. 

“Event of Default” has the meaning specified in Section 9.01. 

  
 8 

 “Existing Credit Agreement” means that certain Credit Agreement dated as of
November 29, 2011 among the Borrower, the Guarantors party thereto, the lenders party thereto and Bank of America, N.A. as agent, as amended or modified from time to time. 

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a
portion of the Guaranty of such Guarantor of, or the grant under a Loan Document by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule,
regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as
defined in the Commodity Exchange Act (determined after giving effect to Section 4.08 and any and all guarantees of such Guarantor’s Swap Obligations by other Loan Parties) at the time the Guaranty of such Guarantor, or grant by
such Guarantor of a security interest, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a Master Agreement governing more than one Swap Contract, such exclusion shall apply to only the portion of such Swap
Obligation that is attributable to Swap Contracts for which such Guaranty or security interest is or becomes illegal. 
 “Excluded
Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise
Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing
such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes; (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an
applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under
Section 11.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that pursuant to Section 3.01(a)(ii), (a)(iii) or (c), amounts with respect to such Taxes were payable either
to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office; (c) Taxes attributable to such Recipient’s failure to comply with
Section 3.01(e); and (d) any U.S. federal withholding Taxes imposed under FATCA. 
 “FASB ASC” means the
Accounting Standards Codification of the Financial Accounting Standards Board. 
 “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 agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code. 
 “Federal Funds
Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the
Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding
Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a
whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent. 

“Fee Letters” means the BAML Fee Letter, the WFS Fee Letter and the Joint Fee Letter. 

  
 9 

 “Fitch” means Fitch, Inc., and any successor thereto. 

“Foreign Lender” means any Lender that is organized under the Laws of a jurisdiction other than that in which the Borrower is
resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

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

“FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of
the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied and as in effect from time to time. 

“Governmental Authority” means the government of the United States or any other nation, or of any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guarantee”
means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other
obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation,
(iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation,
or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or
in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of
any holder of such Indebtedness to obtain any such Lien); provided, that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee shall be deemed
to be the lower of (i) an amount equal to the stated or determinable amount of the related primary obligation as of the determination date in respect of which such Guarantee is made and (ii) the maximum amount for which such guaranteeing
Person may be liable pursuant to the terms of the instrument embodying such Guarantee as of the determination date, unless such primary obligation and maximum amount for which such guaranteeing Person may be liable are not stated, in which case the
amount of such Guarantee shall be such guaranteeing Person’s maximum reasonably anticipated liability as of the determination date in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a
verb has a corresponding meaning. 

  
 10 

 “Guarantors” means (a) Energen Resources Corporation, and each future
Material Subsidiary of the Borrower that the Borrower is required to join as a Guarantor pursuant to the terms of this Agreement, (b) with respect to (i) Obligations under any Swap Contract between a Swap Bank and a Loan Party, and
(ii) any Swap Obligation of a Specified Loan Party (determined before giving effect to Sections 4.01 and 4.08) under the Guaranty, the Borrower, and (c) the successors and permitted assigns of the foregoing. 

“Guaranty” means the Guaranty made by the Guarantors in favor of the Administrative Agent and the Lenders pursuant to
Article IV. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or
toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any
nature regulated pursuant to any Environmental Law. 
 “Incremental Term Loan” has the meaning provided in
Section 2.01(b). 
 “Incremental Term Loan Agreement” means an agreement, substantially in the form of
Exhibit 2.01(b), executed and delivered in accordance with the provisions of Section 2.01(b). 
 “Incremental
Term Loan Commitment” means, as to each Incremental Term Loan Lender, the commitment of such Incremental Term Loan Lender to make an Incremental Term Loan hereunder pursuant to the applicable Incremental Term Loan Agreement; provided
that, at any time after the funding of an Incremental Term Loan, determination of “Required Lenders” shall include the Outstanding Amount of such Incremental Term Loan. 

“Incremental Term Loan Lender” means each of the Persons identified as an “Incremental Term Loan Lender” in the
applicable Incremental Term Loan Agreement, together with their respective successors and assigns. 
 “Incremental Term Loan
Maturity Date” shall be as set forth in the applicable Incremental Term Loan Agreement. 
 “Incremental Term Loan
Note” has the meaning specified in Section 2.11. 
 “Indebtedness” means, as to any Person at a
particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 

(a) all obligations for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan
agreements or other similar instruments; 
 (b) the maximum amount available to be drawn under letters of credit (including
standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) the Swap
Termination Value of any Swap Contract; 

  
 11 

 (d) all obligations to pay the deferred purchase price of property or services
(other than trade accounts payable in the ordinary course of business and not past due for more than 90 days after the date on which such trade account was created); 

(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person
(including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 

(f) all Attributable Indebtedness; 

(g) all obligations to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interests or
any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; 

(h) all Guarantees of such Person in respect of any of the foregoing; and 

(i) all Indebtedness of the types referred to in clauses (a) through (h) above of any partnership or joint venture
(other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. 

Notwithstanding the above, for the avoidance of doubt, “Indebtedness” shall not include (1) performance
guaranties, (2) monetary obligations of such Person as lessee under leases that are, in accordance with GAAP, recorded as operating leases or (3) long-term commitments of a regulated Subsidiary for the purchase, delivery and storage of
natural gas. 
 “Indemnified Taxes” means (a) Taxes other than Excluded Taxes imposed on or with respect to any
payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitees” has the meaning specified in Section 11.04(b). 

“Information” has the meaning specified in Section 11.07. 

“Interest Payment Date” means (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable to
such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also
be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. 

“Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is
disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice; provided that: 

(i) any Interest Period that would otherwise end on a day that 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; 

  
 12 

 (ii) any Interest Period that 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 the calendar month at the end of such Interest Period; and 

(iii) no Interest Period shall extend beyond the Maturity Date. 

“Internal Revenue Code” means the Internal Revenue Code of 1986. 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of
(a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or
interest in, another Person, or (c) an Acquisition. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such
Investment. 
 “Involuntary Disposition” means any loss of, damage to or destruction of, or any condemnation or other
taking for public use of, any property of any Loan Party or any Subsidiary. 
 “IRS” means the United States Internal
Revenue Service. 
 “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit 7.13 executed
and delivered by a Material Subsidiary in accordance with the provisions of Section 7.13. 
 “Joint Fee Letter”
means the letter agreement, dated as of November 20, 2013, among the Borrower, Regions Capital, Regions Bank, Compass Bank, J.P. Morgan Securities LLC, JPMorgan Chase Bank, N.A. and U.S. Bank National Association. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“Lenders” means each of the Persons identified as a “Lender” on the signature pages hereto, each Incremental Term
Loan Lender, each other Person that becomes a “Lender” in accordance with this Agreement and their successors and permitted assigns. 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 

“LIBOR” has the meaning set forth in the definition of Eurodollar Base Rate. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or
otherwise), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any
easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

  
 13 

 “Loan” means an extension of credit by a Lender to the Borrower under Article
II in the form of the Term Loan or an Incremental Term Loan. 
 “Loan Documents” means this Agreement, each Note, each
Joinder Agreement, each Incremental Term Loan Agreement and the Fee Letters. 
 “Loan Notice” means a notice of (a) a
Borrowing of Loans, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, in each case pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of
Exhibit 2.02. 
 “Loan Parties” means, collectively, the Borrower and each Guarantor. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Master Agreement” has the meaning set forth in the definition of “Swap
Contract.” 
 “Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect on,
the operations, business, assets, properties, liabilities or financial condition of the Borrower and its Subsidiaries taken as a whole; or (b) a material impairment of the ability of any Loan Party to perform its obligations under any Loan
Document to which it is a party. 
 “Material Subsidiary” means any non-regulated Subsidiary of the Borrower that
either directly or indirectly through another Subsidiary (a) generates revenues in any fiscal year in excess of 10% of the consolidated total revenues of the Borrower and its Subsidiaries or (b) owns assets with an aggregate value greater
than or equal to 10% of Total Assets. 
 “Maturity Date” means December 17, 2017; provided, however,
that, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 
 “MLPFS” means
Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as a joint lead arranger and a joint book manager. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the
Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA
Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the
approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 

  
 14 

 “Note” means a Term Loan Note or, if applicable, an Incremental Term Loan Note.

 “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party
arising under any Loan Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and
fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are
allowed claims in such proceeding. The foregoing shall also include all obligations under any Swap Contract between any Loan Party and any Swap Bank to the extent such Swap Contract is permitted by Section 8.03(d); provided that
the “Obligations” of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor. 

“Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and
the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and
(c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such
entity. 
 “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 any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06). 

“Outstanding Amount” means with respect to any Loans on any date, the aggregate outstanding principal amount thereof after
giving effect to any borrowings and prepayments or repayments of any Loans occurring on such date. 
 “Participant” has the
meaning specified in Section 11.06(d). 
 “Participant Register” has the meaning specified in
Section 11.06(d). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Internal Revenue Code and ERISA regarding minimum required contributions
(including any installment payment thereof) to Pension Plans and set 

  
 15 

 
forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Internal Revenue Code and Section 302 of ERISA, each as in effect prior to
the Pension Act and, thereafter, Section 412, 430, 431, 432 and 436 of the Internal Revenue Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension Plan” means any employee pension benefit plan (including a Single Employer Plan, a Multiple Employer Plan or a
Multiemployer Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Internal Revenue Code.

 “Permitted Liens” means, at any time, Liens in respect of property of any Loan Party or any Subsidiary permitted to
exist at such time pursuant to the terms of Section 8.01. 
 “Permitted Transfers” means (a) Dispositions
of inventory in the ordinary course of business; (b) Dispositions of machinery and equipment no longer used or useful in the conduct of business of the Borrower and its Subsidiaries that are Disposed of in the ordinary course of business;
(c) Dispositions of property to the Borrower or any Subsidiary; provided, that if the transferor of such property is a Loan Party then the transferee thereof must be a Loan Party; (d) Dispositions of accounts receivable in
connection with the collection or compromise thereof; (e) licenses, sublicenses, leases or subleases granted to others not interfering in any material respect with the business of the Borrower and its Subsidiaries; (f) the sale or
disposition of Cash Equivalents for fair market value; (g) Dispositions permitted by Section 8.04; (h) sales or issuances of any Subsidiary’s Equity Interests to the Borrower or any other Loan Party; (i) Restricted
Payments permitted by Section 8.06; (j) Dispositions in satisfaction of judgments or in settlement of pending or threatened claims that do constitute an Event of Default; and (k) Dispositions of Equity Interests in connection
with Acquisitions. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any employee benefit plan within
the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of the Borrower or any ERISA Affiliate or any such Plan to which the Borrower or any ERISA Affiliate is required to contribute on behalf of any of its
employees. 
 “Platform” has the meaning specified in Section 7.02. 

“Pro Forma Basis” means, with respect to any transaction (including the incurrence of any Incremental Term Loan), that for
purposes of calculating the financial covenant set forth in Section 8.11, such transaction shall be deemed to have occurred on the last day of the most recent fiscal quarter for which financial statements were delivered pursuant to
Section 7.01(a) or (b). In connection with the foregoing, (a) with respect to any Disposition, (i) the value of the property disposed of shall be excluded and (ii) Indebtedness which is retired shall be excluded and
deemed to have been retired as of such date; (b) with respect to any Acquisition or property acquired pursuant to a Property-for-Property Transfer, (i) the value of the Person or property acquired shall be included and (ii) any
Indebtedness incurred or assumed by any Loan Party or any Subsidiary (including the Person or property acquired) in connection with such transaction and any Indebtedness of the Person or property acquired which is not retired in connection with such
transaction shall be deemed to have been incurred as of such date; (c) with respect to any Restricted Payment, the value of such Restricted Payment shall be excluded; and (d) with respect to any Incremental Term Loan, any Indebtedness
which is simultaneously retired with the proceeds of such Incremental Term Loan shall be excluded and deemed to have been retired as of such date. The “value” of any property for purposes of calculating the foregoing shall equal
(A) for any Property-for-Property Transfer, the value assigned to such acquired or disposed property in good faith by the 

  
 16 

 
Borrower, (B) for any other Acquisition, the agreed upon purchase price of such property and (C) for any other Disposition, the book value of such property as reflected on the most
recent balance sheet of the applicable Loan Party or Subsidiary. 
 “Property-for-Property Transfer” means exchanges of oil
and natural gas property, including mineral rights, other real property interests and related property and equipment. 
 “Public
Lender” has the meaning specified in Section 7.02. 
 “Qualified ECP Guarantor” means at any time each
Loan Party with total assets exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract
participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Recipient” means the
Administrative Agent or any Lender, as applicable. 
 “Regions Capital” means Regions Capital Markets, a division of
Regions Bank, in its capacity as a joint lead arranger and joint book manager. 
 “Register” has the meaning specified in
Section 11.06(c). 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the
partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the
thirty-day notice period has been waived. 
 “Request for Borrowing” means a Loan Notice delivered by the Borrower to the
Administrative Agent with respect to the Borrowing of the Term Loan to be made on the Closing Date or with respect to the Borrowing of any Incremental Term Loan to be made following the Closing Date. 

“Required Lenders” means, at any time, Lenders holding in the aggregate more than 50% of the outstanding Loans. The
outstanding Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Responsible Officer” means (a) with respect to the Borrower, (i) for purposes of the execution of this Agreement
and any amendments thereto, the chairman of the board, president or treasurer of the Borrower, and (ii) for all other purposes, including, without limitation, the execution of all Notes and any amendments, modifications or restatements thereof,
the chairman of the board, president, treasurer, senior vice president, executive vice president, general counsel, any vice president, secretary, controller, any assistant secretary, any assistant treasurer or any other officer of the Borrower; and
(b) with respect to any other Loan Party, the chairman of the board, president, senior vice president, general counsel, any vice president, secretary, controller, any assistant secretary, any assistant treasurer or any other officer of such
Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party
and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
 “Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests of any Person, or any payment (whether in cash, 

  
 17 

 
securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such
Equity Interests or on account of any return of capital to such Person’s stockholders, partners or members (or the equivalent Person thereof), or any option, warrant or other right to acquire any such dividend or other distribution or payment.

 “S&P” means Standard & Poor’s Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto. 
 “Sale and Leaseback
Transaction” means, with respect to any Loan Party or any Subsidiary, any arrangement, directly or indirectly, with any Person whereby such Loan Party or such Subsidiary shall sell or transfer any property used or useful in its business,
whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or transferred. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “SEC Filings” means all reports, statements, schedules and other information filed with, or furnished to, the
SEC by the Borrower, including, without limitation, each Form 10-K, Form 10-Q and Form 8-K filed by the Borrower with the SEC. 

“Securitization Transaction” means, with respect to any Person, any financing transaction or series of financing transactions
(including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer, or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals
or similar rights to payment to a special purpose subsidiary or Affiliate of such Person. 
 “Single Employer Plan” means
any Pension Plan that is covered by Title IV of ERISA, but that is not a Multiemployer Plan. 
 “Solvent” or
“Solvency” means, with respect to any Person as of a particular date, that on such date (a) such Person is able to pay its debts and other liabilities, contingent obligations and other commitments as they mature in the ordinary
course of business, (b) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature in the ordinary course of business,
(c) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction, for which such Person’s property would constitute unreasonably small capital, (d) the fair value of the property
of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person and (e) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the
probable liability of such Person on its debts as they become absolute and matured. 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. 
 “Specified Loan Party”
has the meaning specified in Section 4.08. 
 “Subsidiary” of a Person means a corporation, partnership, joint
venture, limited liability company or other business entity of which a majority of the shares of Voting Stock is at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more
intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 

  
 18 

 “Swap Bank” means any Person that is a Lender or an Affiliate of a Lender and a
party to a Swap Contract with a Loan Party. 
 “Swap Contract” means (a) any and all rate swap transactions, basis
swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts (excluding, for clarification purposes, ordinary course contracts for purchases and sales of product requiring physical
delivery), equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap
transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any
options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and
conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc. or any International Foreign Exchange Master Agreement (any such master agreement, together with any related
schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Swap Obligations” means with respect to any Guarantor any obligation to pay or perform under any agreement, contract or
transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 
 “Swap
Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, for any date on or after the date such Swap Contracts
have been closed out and termination value(s) determined in accordance therewith, such termination value(s). 
 “Synthetic
Lease” means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing arrangement whereby the arrangement is considered borrowed money indebtedness for tax purposes but is classified
as an operating lease or does not otherwise appear on a balance sheet under GAAP. 
 “Taxes” means all present or future
taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan” has the meaning specified in Section 2.01(a). 

“Term Loan Commitment” means, as to each Lender, its obligation to make its portion of the Term Loan to the Borrower pursuant
to Section 2.01(a), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term Loan Commitments of all of the Lenders as in effect on the Closing Date is SIX
HUNDRED MILLION DOLLARS ($600,000,000). 
 “Term Loan Note” has the meaning specified in Section 2.11. 

“Threshold Amount” means $50,000,000. 

“Total Assets” means the total consolidated assets of the Borrower and its Subsidiaries, as determined in accordance with
GAAP. 

  
 19 

 “Type” means, with respect to any Loan, its character as a Base Rate Loan or a
Eurodollar Rate Loan. 
 “United States” and “U.S.” mean the United States of America. 

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Internal Revenue Code. 
 “U.S. Tax Compliance Certificate” has the meaning specified in Section 3.01(e)(ii)(B)(III).

 “Voting Stock” means, with respect to any Person, Equity Interests issued by such Person the holders of which are
ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the happening of such a contingency. 

“WFS” means Wells Fargo Securities, LLC in its capacity as a joint lead arranger and joint book manager. 

“WFS Fee Letter” means the letter agreement, dated as of November 20, 2013, among the Borrower, WFS and Wells Fargo
Bank, National Association. 
  

	1.02	Other Interpretive Provisions. 

 With reference to this Agreement and each
other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The definitions of terms herein
shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word
“shall.” Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) 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 or in any other Loan Document), (ii) any reference
herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar
import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending,
replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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. 

  
 20 

 (b) In the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means
“to and including.” 
 (c) Section headings herein and in the other Loan Documents are included for
convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 
  

	1.03	Accounting Terms. 

 (a) Generally. Except as
otherwise specifically prescribed herein, all accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be
submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements.
Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Loan Parties and their Subsidiaries shall be deemed to be carried at
100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 permitting the valuation of financial liabilities or indebtedness at the fair value thereof shall be disregarded. 

(b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior
to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation
between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 (c)
Calculations. Notwithstanding the above, the parties hereto acknowledge and agree that all calculations of the financial covenant in Section 8.11 shall be made on a Pro Forma Basis with respect to any Disposition (other than
Permitted Transfers), Acquisition, incurrence of Indebtedness pursuant to Section 8.03(g) or incurrence of any Incremental Term Loan occurring during the applicable period. 

(d) Changes in GAAS. If at any time, as a result of any change in generally accepted auditing standards, it becomes
customary or acceptable with respect to the audits of the financial statements of entities in the same or similar line of business as the Borrower for there to be qualifications or exceptions as to the scope of the audits of such entities, and if
either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend the requirements of Section 7.01(a) with respect to the scope of the audit of the
financial statements of the Borrower and the form and substance of the opinion of the independent certified public accountant with respect thereto so as to provide for an audit and opinion to be prepared in light of such changes to generally
accepted auditing standards, subject to the approval of the Required Lenders. 

  
 21 

	1.04	Rounding. 

 Any financial ratios required to be maintained by the Borrower
pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down
to the nearest number (with a rounding-up if there is no nearest number). 
  

	1.05	Times of Day. 

 Unless otherwise specified, all references herein to times
of day shall be references to Central time (daylight or standard, as applicable). 
 ARTICLE II 

THE COMMITMENTS AND BORROWINGS 
  

	2.01	Loans. 

 (a) Term Loan. Subject to the terms and conditions set
forth herein, each Lender severally agrees to make, in a single advance, its portion of a term loan (the “Term Loan”) to the Borrower in Dollars on the Closing Date in an amount equal to such Lender’s Term Loan Commitment.
Amounts repaid on the Term Loan may not be reborrowed. The Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans or a combination thereof, as further provided herein. 

(b) Incremental Term Loans. 

(i) Subject to the terms and conditions set forth herein, on the effective date of the applicable Incremental Term Loan
Agreement, each Incremental Term Loan Lender severally agrees to make its portion of the applicable Incremental Term Loan in a single advance to the Borrower in the amount of its respective Incremental Term Loan Commitment as set forth in the
applicable Incremental Term Loan Agreement; provided, however, that after giving effect to such advances, the Outstanding Amount of such Incremental Term Loan shall not exceed the aggregate amount of the Incremental Term Loan
Commitments of the Incremental Term Loan Lenders set forth in such Incremental Term Loan Agreement. Amounts repaid on the Incremental Term Loans may not be reborrowed. The Incremental Term Loans may consist of Base Rate Loans, Eurodollar Rate Loans,
or a combination thereof, as further provided herein. For the avoidance of doubt, as of the Closing Date, no Incremental Term Loans are available to the Borrower. 

(ii) Institution of Incremental Term Loans. The Borrower may, at any time, upon ten Business Days prior written notice
to the Administrative Agent, institute one or more tranches of additional term loans (each an “Incremental Term Loan”); provided that: 

(A) the Borrower (in consultation and coordination with the Administrative Agent) shall obtain commitments for the amount of
the increase from existing Lenders or other Persons reasonably acceptable to the Administrative Agent, which Lenders shall join in this Agreement as Incremental Term Loan Lenders by executing an Incremental Term Loan Agreement or other agreement
reasonably acceptable to the Administrative Agent; it being 

  
 22 

 
understood that no existing Lender shall be under any obligation to make an Incremental Term Loan and any such decision whether to make an Incremental Term Loan shall be in such Lender’s
sole and absolute discretion; 
 (B) any such institution of an Incremental Term Loan shall be in a minimum aggregate
principal amount of $10,000,000 and multiples of $1,000,000 in excess thereof; 
 (C) the aggregate amount of Incremental
Term Loans shall not exceed $0, unless consented to in writing by the Required Lenders in accordance with Section 11.01; 

(D) the applicable Incremental Term Loan Maturity Date for each Incremental Term Loan shall be as set forth in the applicable
Incremental Term Loan Agreement; provided that such date shall not be earlier than the Maturity Date; 
 (E) the
scheduled principal amortization payments under each Incremental Term Loan shall be as set forth in the applicable Incremental Term Loan Agreement; 

(F) the documentation governing each Incremental Term Loan shall not contain any covenants, defaults or other similar
provisions (other than provisions relating to economic terms); 
 (G) each Incremental Term Loan Lender, if not already a
Lender hereunder, shall become a party to this Agreement; 
 (H) Schedule 2.01 shall be deemed revised to reflect the
Commitments and Applicable Percentages of the Incremental Term Loan Lenders as set forth in each Incremental Term Loan Agreement; 

(I) as a condition precedent to each Incremental Term Loan and the effectiveness of each Incremental Term Loan Agreement, the
Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the date of effectiveness of any Incremental Term Loan (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party
(1) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such Incremental Term Loan, and (2) certifying that, before and after giving effect to such Incremental Term Loan, (x) the
representations and warranties contained in Article VI and the other Loan Documents are true and correct in all material respects on and as of the date of such increase, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date and (y) no Default or Event of Default exists; 

(J) as a condition precedent to each Incremental Term Loan and the effectiveness of each Incremental Term Loan Agreement, the
Borrower shall deliver to the Administrative Agent a certificate demonstrating that, upon giving effect to such Incremental Term Loan on a Pro Forma Basis, the Loan Parties would be in compliance with the financial covenant set forth in
Section 8.11 as of the most recent fiscal quarter for which the Borrower was required to deliver financial statements pursuant to Section 7.01(a) or (b); and 

  
 23 

 (K) if any new or supplemental regulatory approval by any applicable regulatory
body is required in connection with such Incremental Term Loan, the Administrative Agent shall have received evidence, in form and substance satisfactory to the Administrative Agent, of such approval. 

(iii) Consent of Lenders. The Lenders who do not provide the applicable Incremental Term Loan hereby consent to any
Incremental Term Loan Agreement evidencing such Incremental Term Loan that is consistent with the provisions of this Section 2.01(b). 
  

	2.02	Borrowings, Conversions and Continuations of Loans. 

 (a) Each Borrowing,
each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be
received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of, Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to
Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a
written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $10,000,000 or a whole multiple of
$1,000,000 in excess thereof. Each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify
(i) whether the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be
(which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the duration of
the Interest Period with respect thereto. If the Borrower fails to specify a Type of a Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or
converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing
of, conversion to, or continuation of Eurodollar Rate Loans in any Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 

(b) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage
of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans as described in the
preceding subsection. In the case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business
Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and, if such Borrowing is the Borrowing of the Term Loan, Section 5.01), the Administrative Agent shall
make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire
transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower. 

  
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 (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted
only on the last day of the Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders, and the
Required Lenders may demand that any or all of the then outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans. 

(d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for
Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in
determining the Base Rate promptly following the public announcement of such change. 
 (e) After giving effect to all Borrowings, all
conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than twelve Interest Periods in effect with respect to all Loans. 

 

	2.03	[Reserved]. 

  

	2.04	[Reserved]. 

  

	2.05	Voluntary Prepayments. 

 The Borrower may, upon notice from the
Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not later than
11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of
$10,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (C) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of
$1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment, if any Incremental Term Loan is outstanding, whether such prepayment is to be
applied to the Term Loan or any Incremental Term Loan(s), and if more than one Type of Loan is outstanding, the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative
Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the
payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts
required pursuant to Section 3.05. Each such prepayment shall be applied to the remaining principal amortization payments of such Loans as directed by the Borrower and to the applicable Lenders holding such Loans in accordance with their
respective Applicable Percentages. If no such direction is provided by the Borrower, each such prepayment of the Loans shall be applied pro rata among all outstanding Loans in direct order of maturity. 

 

	2.06	[Reserved]. 

  
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	2.07	Repayment of Loans. 

 (a) Term Loans. Beginning with the quarter
ending March 31, 2014, on each March 31, June 30, September 30 and December 31, the Borrower shall repay the outstanding principal amount of the Term Loan in quarterly installments equal to 2.5% of the initial principal
amount of the Term Loan as of the Closing Date (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02. All remaining
outstanding Obligations related to the Term Loan shall be due and payable on the Maturity Date. 
 (b) Incremental Term Loans. The
Borrower shall repay the outstanding principal amount of the Incremental Term Loans in the installments on the dates and in the amounts set forth in the applicable Incremental Term Loan Agreement (as such installments may hereafter be adjusted as a
result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02. All remaining outstanding Obligations related to an Incremental Term Loan shall be due and payable on the applicable
Incremental Term Loan Maturity Date. 
  

	2.08	Interest. 

 (a) Subject to the provisions of subsection (b) below,
(i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate; and (ii) each
Base Rate Loan shall bear interest on the outstanding principal amount thereof from the borrowing date or conversion date, as applicable, at a rate per annum equal to the Base Rate plus the Applicable Rate. 

(b) (i) If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated
maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(ii) If any amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due
(without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all
times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (iii) Upon the request of the Required
Lenders, while any Event of Default exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations arising under the Loan Documents at a fluctuating interest rate per annum at all times equal to the Default Rate to
the fullest extent permitted by applicable Laws. 
 (iv) To the extent permitted by applicable Law, accrued and unpaid
interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 
 (c) Interest on each Loan
shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and
before and after the commencement of any proceeding under any Debtor Relief Law. 

  
 26 

	2.09	Fees. 

 The Borrower shall pay to the Arrangers and the Administrative Agent for
their own respective accounts fees in the amounts and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

 

	2.10	Computation of Interest and Fees. 

 All computations of interest for Base
Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on
the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and
shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest
for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
  

	2.11	Evidence of Debt. 

 The Loans made by each Lender shall be evidenced
by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error
of the amount of the Loans made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any
amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a promissory note,
which shall evidence such Lender’s Loans in addition to such accounts or records. Each such promissory note shall be (a) in the case of the Term Loan, in the form of Exhibit 2.11(a) (a “Term Loan Note”) and
(b) in the case of an Incremental Term Loan, in the form of Exhibit 2.11(b) (an “Incremental Term Loan Note”). Each Lender may attach schedules to its Note and endorse thereon the date, Type, amount and maturity of its
Loans and payments with respect thereto. 
  

	2.12	Payments Generally; Administrative Agent’s Clawback. 

 (a)
General. All payments to be made by the Borrower shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the
Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m.
on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s
Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower
shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

  
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 (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative
Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not
make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a
Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount.
In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the
case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar
fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to the Loan made pursuant to such Borrowing. If the Borrower and
such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender
pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid (excluding interest paid by such Lender) shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be
without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received
notice from the Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made
such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to
repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date
of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (b) shall be
conclusive, absent manifest error. 
 (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the
applicable Loan set forth in Article V are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

  
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 (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans
and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make any Loan or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other
Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under Section 11.04(c). 

(e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or
manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(f) Insufficient Funds. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all
amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
interest and fees then due to such parties, and (ii) second, toward payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

 

	2.13	Sharing of Payments by Lenders. 

 If any Lender shall, by exercising any
right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans and
accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face
value) participations in the Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of
and accrued interest on their respective Loans and other amounts owing them, provided that: 
 (i) if any such
participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery,
without interest; and 
 (ii) the provisions of this Section shall not be construed to apply to (A) any payment made by
or on behalf of 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 Lender) or (B) any payment obtained by a Lender as consideration
for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than an assignment to any Loan Party or any Subsidiary thereof (as to which the provisions of this Section shall apply). 

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such
participation. 
  

	2.14	[Reserved]. 

  
 29 

	2.15	Defaulting Lenders. 

 (a) Adjustments. Notwithstanding anything to
the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 11.01. 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 11.08, shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder;
second, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined
by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to satisfy obligations of that Defaulting Lender to fund Loans under this
Agreement; fourth, to the payment of any amounts owing to the Lenders, as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’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 Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if
(x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loans were made at a time when the conditions set forth in
Section 5.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of such Defaulting Lender. Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

 (b) Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in writing in their sole discretion that a Lender
should no longer be deemed to be a Defaulting Lender, the Administrative 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 Lender will, to the
extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in accordance
with their Applicable Percentages whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that
Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim
of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

  
 30 

 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 
  

	3.01	Taxes. 

 (a) Payments Free of Taxes; Obligation to Withhold; Payments on
Account of Taxes. (i) Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable
Laws (as determined in the good faith discretion of the Administrative Agent) require the deduction or withholding of any Tax from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall
be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below. 

(ii) If any Loan Party or the Administrative Agent shall be required by the Internal Revenue Code to withhold or deduct any
Taxes, including both U.S. federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the
information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the
Internal Revenue Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the
making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or
deduction been made. 
 (iii) If any Loan Party or the Administrative Agent shall be required by any applicable Laws other
than the Internal Revenue Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based
upon the information and documentation it has received pursuant to subsection (e) below, (B) such Loan Party or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to
the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so
that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have
received had no such withholding or deduction been made. 
 (b) Payment of Other Taxes by the Loan Parties. Without limiting the
provisions of subsection (a) above, the Loan Parties shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of,
any Other Taxes. 

  
 31 

 (c) Tax Indemnification. 

(i) Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient, and shall make payment in
respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such
Recipient or required to be withheld or deducted from a payment to such Recipient, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender,
shall be conclusive absent manifest error. Each of the Loan Parties shall, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount
which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below. 

(ii) Each Lender shall, and does hereby, severally indemnify, and shall make payment in respect thereof within 10 days after
demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and
without limiting the obligation of the Loan Parties to do so), (y) the Administrative Agent and the Loan Parties, as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of
Section 11.06(d) relating to the maintenance of a Participant Register and (z) the Administrative Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to such Lender that are payable or paid by
the Administrative Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and
apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 

(d) Evidence of Payments. Upon request by any Loan Party or the Administrative Agent, as the case may be, after any payment of Taxes by
such Loan Party or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, such Loan Party shall deliver to the Administrative Agent or the Administrative Agent shall deliver to such Loan Party, as the
case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Law to report such payment or other evidence of such payment reasonably satisfactory to such
Loan Party or the Administrative Agent, as the case may be. 
 (e) Status of Lenders; Tax Documentation. (i) Any Lender that is
entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the
Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition,
any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or
the Administrative Agent to determine whether or not such Lender is subject to backup withholding or 

  
 32 

 
information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such
documentation set forth in Section 3.01(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any
material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 
 (ii)
Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person, 
 (A) any Lender that is
a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

(B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), whichever of the following is applicable: 
 (I) in the case of a Foreign Lender claiming the
benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 
 (II)
executed originals of IRS Form W-8ECI; 
 (III) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit 3.01(a) to the effect that such Foreign Lender 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 (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or 

(IV) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS
Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit 3.01(b) or Exhibit 3.01(c), IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable;
provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate
substantially in the form of Exhibit 3.01(d) on behalf of each such direct and indirect partner; 

  
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 (C) any Foreign Lender shall, to the extent it is legally entitled to do so,
deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon
the reasonable request of the Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together
with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender 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 Lender shall deliver to the Borrower and the
Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative 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 Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their
obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement. 
 Each Lender agrees that if any form or
certification it previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in
writing of its legal inability to do so. 
 (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall
the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender. If any
Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to
this Section 3.01, it shall pay to the Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by a Loan Party under this Section 3.01 with respect to the
Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund),
provided that the Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to the Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the
event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to the Loan Party pursuant to
this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the Tax subject to indemnification and giving rise to such refund had not been

  
 34 

 
deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This subsection shall not be construed to require any
Recipient to make available its tax returns (or any other information relating to its Taxes that it deems confidential) to any Loan Party or any other Person. 

(g) Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

 

	3.02	Illegality. 

 If any Lender determines that any Law has made it unlawful,
or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, or to determine or charge interest
rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by
such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended and (ii) if such notice
asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender, shall, if
necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all of such
Lender’s Eurodollar Rate Loans to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate
component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such
Eurodollar Rate Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate
applicable to such Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon
the Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 
  

	3.03	Inability to Determine Rates. 

 If in connection with any request for a
Eurodollar Rate Loan or a conversion to or continuation thereof or otherwise, (a) the Administrative Agent determines that (i) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable
amount and Interest Period of such Eurodollar Rate Loan or (ii) adequate and reasonable means do not exist for determining the Eurodollar Base Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in
connection with an existing or proposed Base Rate Loan (in each case with respect to this clause (a), “Impacted Loans”), or (b) the Administrative Agent or the Required Lenders determine that for any reason the Eurodollar Base
Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Administrative Agent will promptly notify the Borrower and all Lenders.
Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected 

  
 35 

 
Eurodollar Rate Loans or Interest Periods) and (y) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the
utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing,
conversion or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the
amount specified therein. 
 Notwithstanding the foregoing, if the Administrative Agent has made the determination described in clause
(a) of this Section 3.03, the Administrative Agent, in consultation with the Borrower and the affected Lenders, may establish an alternative interest rate for the applicable Impacted Loans, in which case, such alternative interest
rate shall apply with respect to such Impacted Loans until (1) the Administrative Agent revokes the notice delivered with respect to the applicable Impacted Loans under clause (a) of the first sentence of this Section 3.03,
(2) the Administrative Agent notifies the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the applicable Impacted Loans, or (3) any Lender determines that any Law has
made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to such alternative interest rate or to
determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the ability of such Lender to do any of the foregoing and, in each case, such Lender provides the Administrative Agent and the
Borrower written notice thereof. 
  

	3.04	Increased Costs. 

 (a) Increased Costs Generally. If any Change in
Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate); 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting
this Agreement or Eurodollar Rate Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of
making, converting to, continuing or maintaining any Loan the interest on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or to reduce the amount of any sum received or receivable by
such Lender hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or
reduction suffered. 
 (b) Capital Requirements. If any Lender determines that any Change in Law affecting such Lender or any Lending
Office of such Lender or such Lender’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if
any, as a consequence of this Agreement, the Commitments 

  
 36 

 
of such Lender or the Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such
Lender or such Lender’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A certificate of
a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent
manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within ten days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this
Section shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section for any increased
costs incurred or reductions suffered more than six months prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation
therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof). 

 

	3.05	Compensation for Losses. 

 Within three Business Days after written demand
by any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Eurodollar Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 
 (b) any
failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Eurodollar Rate Loan on the date or in the amount notified by the Borrower; or 

(c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a
request by the Borrower pursuant to Section 11.13; or 
 including any loss or expense arising from the liquidation or reemployment of funds
obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to
have funded each Eurodollar Rate Loan made by it at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a
comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 3.05 shall be delivered
to the Borrower and shall be conclusive absent manifest error. 

  
 37 

	3.06	Mitigation Obligations; Replacement of Lenders. 

 (a) Designation of a
Different Lending Office. If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall, as applicable, 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 Lender such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost
or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay
any Indemnified Taxes or additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different Lending
Office in accordance with Section 3.06(a), the Borrower may replace such Lender in accordance with Section 11.13. 
  

	3.07	Survival. 

 All of the Loan Parties’ obligations under this Article
III shall survive termination of the Commitments, repayment of all other Obligations arising under the Loan Documents, and resignation of the Administrative Agent. 

ARTICLE IV 
 GUARANTY

  

	4.01	The Guaranty. 

 Each of the Guarantors hereby jointly and severally
guarantees to each Lender, each Swap Bank and the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in full when due (whether at stated maturity, by acceleration or otherwise)
strictly in accordance with the terms thereof. The Guarantors hereby further agree that if any of the Obligations are not paid in full when due (whether at stated maturity, by acceleration or otherwise), the Guarantors will, jointly and severally,
promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, by
acceleration or otherwise) in accordance with the terms of such extension or renewal. 
 Notwithstanding any provision to the contrary
contained herein or in any other of the Loan Documents or Swap Contracts, the obligations of each Guarantor under this Agreement and the other Loan Documents shall not exceed an aggregate amount equal to the largest amount that would not render such
obligations subject to avoidance under the Debtor Relief Laws or any comparable provisions of any applicable state law. 

  
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	4.02	Obligations Unconditional. 

 The obligations of the Guarantors under
Section 4.01 are joint and several, absolute and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of any of the Loan Documents, Swap Contracts or any other agreement or instrument referred to
therein, or any substitution, release, impairment or exchange of any other guarantee of or security for any of the Obligations, and, to the fullest extent permitted by applicable law, irrespective of any law or regulation or other circumstance
whatsoever which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it being the intent of this Section 4.02 that the obligations of the Guarantors hereunder shall be absolute and unconditional
under any and all circumstances. Each Guarantor agrees that such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the Borrower or any other Guarantor for amounts paid under this Article IV
until such time as the Obligations have been paid in full and the Commitments have expired or terminated. Without limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted by Law, the occurrence of any one or more
of the following shall not alter or impair the liability of any Guarantor hereunder, which shall remain absolute and unconditional as described above: 

(a) at any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any
of the Obligations shall be extended, or such performance or compliance shall be waived; 
 (b) any of the acts mentioned in
any of the provisions of any of the Loan Documents, any Swap Contract between any Loan Party and any Swap Bank, or any other agreement or instrument referred to in the Loan Documents or such Swap Contracts shall be done or omitted (other than
repayment of the Obligations guaranteed hereunder); 
 (c) the maturity of any of the Obligations shall be accelerated, or
any of the Obligations shall be modified, supplemented or amended in any respect, or any right under any of the Loan Documents, any Swap Contract between any Loan Party and any Swap Bank or any other agreement or instrument referred to in the Loan
Documents shall be waived or any other guarantee of any of the Obligations or any security therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with; 

(d) any Lien granted to, or in favor of, the Administrative Agent or any other holder of the Obligations as security for any of
the Obligations shall fail to attach or be perfected; or 
 (e) any of the Obligations shall be determined to be void or
voidable (including, without limitation, for the benefit of any creditor of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor). 

With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest and all
notices whatsoever, and any requirement that the Administrative Agent or any other holder of the Obligations exhaust any right, power or remedy or proceed against any Person under any of the Loan Documents, any Swap Contract between any Loan Party
and any Swap Bank, or any other agreement or instrument referred to in the Loan Documents, or against any other Person under any other guarantee of, or security for, any of the Obligations. 

  
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	4.03	Reinstatement. 

 The obligations of the Guarantors under this
Article IV shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the
Obligations, whether as a result of any Debtor Relief Law or otherwise, and each Guarantor agrees that it will indemnify the Administrative Agent and each other holder of the Obligations on demand for all reasonable costs and expenses (including,
without limitation, the fees, charges and disbursements of counsel) incurred by the Administrative Agent or such holder of the Obligations in connection with such rescission or restoration, including any such costs and expenses incurred in defending
against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any Debtor Relief Law. 
  

	4.04	Certain Additional Waivers. 

 Each Guarantor agrees that such Guarantor
shall have no right of recourse to security for the Obligations, except through the exercise of rights of subrogation pursuant to Section 4.02 and through the exercise of rights of contribution pursuant to Section 4.06. 

 

	4.05	Remedies. 

 The Guarantors agree that, to the fullest extent permitted by
law, as between the Guarantors, on the one hand, and the Administrative Agent and the other holders of the Obligations, on the other hand, the Obligations (arising under the Loan Documents) may be declared to be forthwith due and payable as
specified in Section 9.02 (and shall be deemed to have become automatically due and payable in the circumstances specified in said Section 9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or
other prohibition preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or the Obligations being deemed to have become
automatically due and payable), the Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Guarantors for purposes of Section 4.01. 

 

	4.06	Rights of Contribution. 

 The Guarantors agree among themselves that, in
connection with payments made hereunder, each Guarantor shall have contribution rights against the other Guarantors as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations
of such Guarantors under the Loan Documents and no Guarantor shall exercise such rights of contribution until all Obligations arising under the Loan Documents have been paid in full and the Commitments have terminated. 

 

	4.07	Guarantee of Payment; Continuing Guarantee. 

 The guarantee in this
Article IV is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations whenever arising. For the avoidance of doubt, the guarantee in this Article IV shall terminate upon repayment
of all Obligations arising under the Loan Documents and the termination of this Agreement. 
  

	4.08	Keepwell. 

 Each Loan Party that is a Qualified ECP Guarantor at the
time the Guaranty in this Article IV by any Loan Party that is not then an “eligible contract participant” under the Commodity Exchange Act (a “Specified Loan Party”) or the grant of a security interest under the
Loan Documents by any such 

  
 40 

 
Specified Loan Party, in either case, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such
funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under this Guaranty and the other Loan Documents in respect of
such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Article IV voidable under applicable
Debtor Relief Laws, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 4.08 shall remain in full force and effect until the Obligations (other than contingent
indemnification obligations as to which no claim has been asserted) have been indefeasibly paid and performed in full. Each Loan Party intends this Section 4.08 to constitute, and this Section 4.08 shall be deemed to
constitute, a “keepwell, support, or other agreement” for the benefit of each Specified Loan Party for all purposes of the Commodity Exchange Act. 

ARTICLE V 
 CONDITIONS
PRECEDENT TO BORROWINGS 
  

	5.01	Conditions of Effectiveness. 

 This Agreement shall be effective upon
satisfaction of the following conditions precedent: 
 (a) Loan Documents. Receipt by the Administrative Agent of executed
counterparts of this Agreement and the other Loan Documents, each properly executed by a Responsible Officer of the signing Loan Party and, in the case of this Agreement, by each Lender. 

(b) Opinions of Counsel. Receipt by the Administrative Agent of favorable opinions of legal counsel to the Loan Parties, addressed to
the Administrative Agent and each Lender, dated as of the Closing Date, and in form and substance reasonably satisfactory to the Administrative Agent. 

(c) Financial Statements. The Administrative Agent shall have received the unaudited consolidated financial statements of the Borrower
and its Subsidiaries for the fiscal quarter ended September 30, 2013, including balance sheets and statements of income or operations, shareholders’ equity and cash flows. 

(d) No Material Adverse Effect. There shall not have occurred since December 31, 2012 any event or condition that has had or would
reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. 
 (e) Litigation. There shall
not exist any action, suit, investigation or proceeding pending or, to the knowledge of the Loan Parties, threatened in any court or before an arbitrator or Governmental Authority that would reasonably be expected to have a Material Adverse Effect.

 (f) Organization Documents, Resolutions, Etc. Receipt by the Administrative Agent of the following, in form and substance
satisfactory to the Administrative Agent: 
 (i) copies of the Organization Documents of each Loan Party certified to be true
and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such Loan Party to be true
and correct as of the Closing Date; 

  
 41 

 (ii) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection
with this Agreement and the other Loan Documents to which such Loan Party is a party; and 
 (iii) such documents and
certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or
formation.  
 (g) Closing Certificate. Receipt by the Administrative Agent of a certificate signed by a Responsible Officer
of the Borrower certifying that the conditions specified in Sections 5.01(d), (e) and (h) and Sections 5.02(a) and (b) have been satisfied and such other matters as reasonably requested by the
Administrative Agent. 
 (h) Governmental and Third Party Consents. Receipt by the Administrative Agent of evidence reasonably
satisfactory to the Administrative Agent that the Loan Parties have obtained all governmental and third party consents and approvals (including without limitation, any required approvals from any applicable regulatory body) required for the
execution, delivery and performance of the Loan Documents. 
 (i) Existing Credit Agreement. Receipt by the Administrative Agent of
evidence that the Existing Credit Agreement has been, or substantially simultaneously with the closing of this Agreement will be, terminated, and any and all obligations with respect thereto have been paid in full. 

(j) Fees. Receipt by the Administrative Agent, the Arrangers and the Lenders of any fees required to be paid on or before the Closing
Date. 
 (k) Attorney Costs. The Borrower shall have paid all fees, charges and disbursements of counsel to the Administrative Agent
(directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such
fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent). 

Without limiting the generality of the provisions of the last paragraph of Section 10.03, for purposes of determining compliance
with the conditions specified in this Section 5.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

 

	5.02	Conditions to all Borrowings. 

 The obligation of each Lender to honor any
Request for Borrowing is subject to the following conditions precedent: 
 (a) The representations and warranties of each Loan Party
contained in Article VI (other than the representations and warranties contained in Sections 6.05(d) and 6.06) or any other Loan Document, or which are contained in any document furnished at any time under or in connection
herewith or therewith, shall be true and correct in all material respects on and as of the date of such Borrowing, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true
and correct as of such earlier date. 

  
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 (b) No Default shall exist, or would result from such proposed Borrowing or from the application
of the proceeds thereof. 
 (c) The Administrative Agent shall have received a Request for Borrowing in accordance with the requirements
hereof. 
 Each Request for Borrowing submitted by the Borrower shall be deemed to be a representation and warranty that the conditions
specified in Sections 5.02(a) and (b) have been satisfied on and as of the date of the applicable Borrowing. 
 ARTICLE
VI 
 REPRESENTATIONS AND WARRANTIES 

The Loan Parties represent and warrant to the Administrative Agent and the Lenders that: 

 

	6.01	Existence, Qualification and Power. 

 Each Loan Party (a) is duly
organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite entity power and authority and all requisite governmental licenses,
authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is
licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause
(b)(i) or (c), to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect. 
  

	6.02	Authorization; No Contravention. 

 The execution, delivery and performance
by each Loan Party of each Loan Document to which such Person is party have been duly authorized by all necessary corporate or other organizational action, and do not (a) contravene the terms of any of such Person’s Organization Documents;
(b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any material Contractual Obligation to which such Person is a party or affecting such Person or
the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any material Law.

  

	6.03	Governmental Authorization; Other Consents. 

 No approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party
of this Agreement or any other Loan Document other than those that have already been obtained and are in full force and effect. 

  
 43 

	6.04	Binding Effect. 

 Each Loan Document has been duly executed and delivered
by each Loan Party that is party thereto. Each Loan Document constitutes a legal, valid and binding obligation of each Loan Party that is party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Debtor Relief Laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law). 
  

	6.05	Financial Statements; No Material Adverse Effect. 

 (a) The financial
statements delivered pursuant to Sections 5.01(c), 7.01(a) and 7.01(b) (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein (subject, in
the case of unaudited financial statements, to the absence of footnotes and to normal year-end audit adjustments); and (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of
operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein (subject, in the case of unaudited financial statements, to the absence of
footnotes and to normal year-end audit adjustments). 
 (b) The Audited Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations
for the period covered thereby. 
 (c) From September 30, 2013 to and including the Closing Date, there has been no Disposition or any
Involuntary Disposition of any material part of the business or property of the Loan Parties and their Subsidiaries, taken as a whole, and no purchase or other acquisition by any of them of any business or property (including any Equity Interests of
any other Person) material in relation to the consolidated financial condition of the Loan Parties and their Subsidiaries, taken as a whole, in each case, which has not been disclosed in writing to the Lenders on or prior to the Closing Date. 

(d) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that
has had or could reasonably be expected to have a Material Adverse Effect. 
  

	6.06	Litigation. 

 There are no actions, suits, proceedings, claims or disputes
pending or, to the knowledge of the Loan Parties, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any Subsidiary or against any of their properties or revenues that
(a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby or (b) could reasonably be expected to have a Material Adverse Effect. 

 

	6.07	No Default. 

 No Default has occurred and is continuing. 

  
 44 

	6.08	Ownership of Property. 

 Each Loan Party has good and defensible title to
all real property or interest therein necessary or used in the ordinary conduct of its business, except for such defects in title as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

 

	6.09	Environmental Compliance. 

 The Loan Parties are conducting their
businesses in material compliance with all applicable Environmental Laws, and have and are in compliance with all licenses and permits required under any such Environmental Laws, unless the failure to so comply would not reasonably be expected to
have a Material Adverse Effect. To the knowledge of the Loan Parties, none of the operations or properties of any Loan Party is the subject of federal, state or local investigation evaluating whether any material remedial action is needed to respond
to a release of any Hazardous Materials into the environment or to the improper storage or disposal (including storage or disposal at offsite locations) of any Hazardous Materials, unless such remedial action would not reasonably be expected to have
a Material Adverse Effect. No Loan Party (and to the best knowledge of the Loan Parties, no other Person) has filed any notice under any Environmental Law indicating that any Loan Party is responsible for the improper release into the environment,
or the improper storage or disposal, of any material amount of any Hazardous Materials or that any Hazardous Materials have been improperly released, or are improperly stored or disposed of, upon any property of any Loan Party, unless such improper
release, storage or disposal would not reasonably be expected to have a Material Adverse Effect. 
  

	6.10	[Reserved]. 

  

	6.11	Taxes. 

 Each Loan Party has filed all federal, state and other material
tax returns and reports required to be filed, and has paid all federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon it or its properties, income or assets otherwise due and payable, except
those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against any Loan Party that would, if made,
have a Material Adverse Effect. No Loan Party is party to any tax sharing agreement other than the tax sharing agreements among the Borrower and one or more of its Subsidiaries. 

 

	6.12	ERISA Compliance. 

 During the five year period prior to the date on which
this representation has been made there have been no ERISA Events. To the knowledge of the Loan Parties, each Plan has complied in all material respects with the applicable provisions of ERISA and the Internal Revenue Code, and there are no pending,
or the best knowledge of the Loan Parties, threatened claims, actions or lawsuits, or action by an Governmental Authority, with respect to any Plan, expect where such non-compliance or action either singly or in the aggregate, would not reasonably
be expected to have a Material Adverse Effect. No termination of a Single Employer Plan has occurred, and no Lien in favor of the PBGC or a Plan has arisen, during such five-year period. The present value of all accrued benefits under each Single
Employer Plan (based on those assumptions used to fund such Plans) did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable to such
accrued benefits by an amount that could reasonably be expected to have a Material Adverse Effect. The Borrower and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules with respect to each Pension Plan and no
waiver of the 

  
 45 

 
minimum funding standards under the Pension Funding Rules has been applied for or obtained. Neither the Borrower nor any ERISA Affiliate has had a complete or partial withdrawal from any
Multiemployer Plan that has resulted or could reasonably be expected to result in a liability or loss under ERISA, and neither the Borrower nor any ERISA Affiliate would become subject to any liability or loss under ERISA if the Borrower or any such
ERISA Affiliate were to withdraw completely from all Multiemployer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made, in any case where, either singly or in the aggregate, the
aggregate amount of loss or liability would not reasonably be expected to have a Material Adverse Effect. 
  

	6.13	Subsidiaries. 

 Set forth on Schedule 6.13 is a complete and
accurate list of each Subsidiary of any Loan Party, together with (i) jurisdiction of organization, (ii) number of shares of each class of Equity Interests outstanding, (iii) number and percentage of outstanding shares of each class
owned (directly or indirectly) by any Loan Party or any Subsidiary and (iv) an identification of which Subsidiaries are Material Subsidiaries as such schedule may be updated from time to time pursuant to Section 7.02(a). The
outstanding Equity Interests of each Subsidiary of any Loan Party are validly issued, fully paid and non-assessable. 
  

	6.14	Margin Regulations; Investment Company Act. 

 (a) The Borrower is
not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or
carrying margin stock. Following the application of the proceeds of each Borrowing, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a consolidated basis) subject to the provisions
of Section 8.01 or Section 8.05 or subject to any restriction contained in any agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of
Section 9.01(e) will be margin stock. 
 (b) Neither the Borrower nor any Subsidiary is or is required to be registered as an
“investment company” under the Investment Company Act of 1940. 
  

	6.15	Disclosure. 

 No report, financial statement, certificate or other
information furnished (whether in writing or orally) by a Responsible Officer of any Loan Party to the Administrative Agent or any Lender for use in connection with the transactions contemplated hereby and the negotiation of this Agreement or
delivered hereunder or under any other Loan Document (in each case, as modified or supplemented by other information so furnished) contained, as of the date of such report, statement, certificate or information, any untrue statement of material fact
or, when taken together with all of the SEC Filings, omitted to state any material fact known to any Loan Party (other than industry-wide risks normally associated with the types of businesses conducted by the Loan Parties) necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading as of the date made; provided that, with respect to projected financial information, the Loan Parties represent only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time. 
  

	6.16	Compliance with Laws. 

 Each Loan Party is in compliance with the
requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith
by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

  
 46 

	6.17	Solvency. 

 The Borrower is Solvent, and the Loan Parties are Solvent on a
consolidated basis. 
 ARTICLE VII 

AFFIRMATIVE COVENANTS 
 So
long as any Lender shall have any Commitment outstanding, any Loan or other Obligation arising under the Loan Documents shall remain unpaid or unsatisfied (other than contingent indemnification obligations as to which no claim has been asserted),
each Loan Party shall, and shall cause, to the extent it may lawfully do so, each Subsidiary to: 
  

	7.01	Financial Statements. 

 Deliver to the Administrative Agent for delivery to
each Lender, in form and detail satisfactory to the Administrative Agent: 
 (a) As soon as available, but in any event, within the earlier
of (i) 100 days after the end of each fiscal year of the Borrower and (ii) the date that is 10 days after the date the Borrower delivered its 10-K to the SEC, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end
of such fiscal year, and the related consolidated statements of income or operations, changes in shareholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year,
all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant of nationally recognized standing, which report and opinion shall be prepared in accordance
with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit; and 

(b) As soon as available, but in any event, within the earlier of (i) 50 days after the end of each of the first three fiscal quarters of
each fiscal year of the Borrower and (ii) the date that is 5 days after the date the Borrower delivered its 10-Q to the SEC, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, the related
consolidated statements of income or operations for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, and the related consolidated statements of changes in shareholders’ equity, and cash flows for the
portion of the Borrower’s fiscal year then ended, in each case setting forth in comparative form, as applicable, the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal
year, all in reasonable detail and certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash
flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes. 
 As to
any information contained in materials furnished pursuant to Section 7.02(b), the Borrower shall not be separately required to furnish such information under Section 7.01(a) or (b) above, but the foregoing shall
not be in derogation of the obligation of the Borrower to furnish the information and materials described in Section 7.01(a) or (b) above at the times specified therein. 

  
 47 

	7.02	Certificates; Other Information. 

 Deliver to the Administrative Agent for
delivery to each Lender, in form and detail satisfactory to the Administrative Agent: 
 (a) concurrently with the delivery of the financial
statements referred to in Sections 7.01(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower which shall include such supplements to Schedule 6.13 as are necessary such
that, as supplemented, such Schedule would be accurate and complete as of the date of such Compliance Certificate (which delivery may, unless the Administrative Agent or a Lender requests executed originals, be by electronic communication
including fax or email and shall be deemed to be an original authentic counterpart thereof for all purposes); 
 (b) promptly after the same
are available, copies of each annual report, proxy or financial statement or other report or communication sent to the equity holders of any Loan Party, and copies of all annual, regular, periodic and special reports and registration statements
which a Loan Party may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; and 

(c) promptly, such additional information regarding the business, financial or corporate affairs of any Loan Party or any Subsidiary, or
compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request. 

Documents and/or financial information required to be delivered pursuant to Section 7.01(a) or (b) or
Section 7.02(b) (to the extent any such documents and/or financial information are included in materials otherwise filed with the SEC) shall be deemed to have been delivered to the Administrative Agent on the date on which such documents
are filed with the SEC (provided that the Administrative Agent and the Lenders have access to such documents on such date); provided that: (i) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any
Lender upon its request to the Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify the Administrative Agent (by
facsimile or electronic mail) of the filing of any such documents and provide to the Administrative Agent by electronic mail a link to such documents (which may be included in the notice). The Administrative Agent shall have no obligation to request
the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request by a Lender for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such documents. 
 The Borrower hereby acknowledges that (a) the
Administrative Agent and/or the Arrangers will make available to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on
IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each a “Public Lender”) may have personnel who do not wish to receive material non-public information with
respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that
(w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page
thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat such Borrower Materials as not containing any material non-public
information with respect to the Borrower or its securities for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as
set 

  
 48 

 
forth in Section 11.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Side
Information;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform that is not marked as
“Public Side Information.” Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any Borrower Materials “PUBLIC.” 
  

	7.03	Notices. 

 Within five (5) Business Days after any Loan Party obtains
knowledge thereof, notify the Administrative Agent (who will notify the other Lenders) of: 
 (a) the occurrence of any Default. 

(b) any matter that has resulted or would reasonably be expected to result in a Material Adverse Effect. 

(c) the occurrence of any ERISA Event. 

Each notice pursuant to this Section 7.03 shall be accompanied by a statement of a Responsible Officer of the Borrower setting
forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 7.03(a) shall describe with particularity any and all
provisions of this Agreement and any other Loan Document that have been breached. 
  

	7.04	Payment of Obligations. 

 Pay and discharge, before the same shall become
delinquent, all its material obligations and liabilities, including all material tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate
proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by such Loan Party or such Subsidiary. 
  

	7.05	Preservation of Existence, Etc. 

 (a) Preserve, renew and
maintain in full force and effect its (i) legal existence and (ii) good standing under the Laws of the jurisdiction of its organization, in each case, except in a transaction permitted by Section 8.04 or
Section 8.05. 
 (b) Take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary
or desirable in the normal conduct of its business, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect. 
  

	7.06	Maintenance of Properties. 

 Other than in connection with a transaction
permitted by Section 8.05, keep all of its property material to the operation of its business (taken as a whole) in good working order and condition, ordinary wear and tear excepted. 

  
 49 

	7.07	Maintenance of Insurance. 

 Maintain or cause to be maintained in full
force and effect insurance (including worker’s compensation insurance, liability insurance, casualty insurance and business interruption insurance) in such amounts, with such deductibles and covering such risks as are customarily carried by
business enterprises of established reputation similarly situated. Such insurance shall be maintained with, in the good faith judgment of the Borrower, financially sound and reputable insurance companies or through self-insurance, and may be subject
to co-insurance, deductibility or similar clauses which, in effect, result in self-insurance of certain losses, provided that such self-insurance is in accord with the customary practices of business enterprises of established reputation similarly
situated and adequate insurance reserves are maintained in connection with such self-insurance, and, notwithstanding the foregoing provisions of this Section 7.07, any Loan Party may effect workers’ compensation or similar insurance
in respect of operations in any state or any other jurisdiction through an insurance fund operated by such state or other jurisdiction or by causing to be maintained a system or systems of self-insurance in accord with applicable Laws. 

 

	7.08	Compliance with Laws. 

 Comply with the requirements of all Laws and all
orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted; or (b) the failure to comply therewith would not reasonably be expected to have a Material Adverse Effect. 
  

	7.09	Books and Records. 

 (a) Maintain proper books of record and account, in
which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of such Loan Party and the Borrower and its Subsidiaries on a consolidated
basis. 
 (b) Maintain such books of record and account in material conformity with all applicable requirements of any Governmental
Authority having regulatory jurisdiction over such Loan Party or such Subsidiary, as the case may be. 
  

	7.10	Inspection Rights. 

 Permit representatives and independent contractors of
the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom (in each case, subject to compliance with reasonable
confidentiality agreements and requirements and applicable copyright laws), and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, and, if the Borrower requests, in the presence of a
Responsible Officer or an appointee of a Responsible Officer, at the reasonable expense of the Lenders, and at such reasonable times during normal business hours and as often as may be reasonably desired (but, unless an Event of Default exists, no
more frequently than once during any calendar year), upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. 

  
 50 

	7.11	Use of Proceeds. 

 Use the proceeds of the Borrowings (a) for general
corporate purposes, (b) to refinance certain existing Indebtedness and (c) to pay fees and expenses in connection with this Agreement, provided that in no event shall the proceeds of the Borrowings be used in contravention of any
Law or of any Loan Document. 
  

	7.12	ERISA Compliance. 

 Do, and cause each of its ERISA Affiliates to do, each
of the following: (a) maintain each Plan in compliance in all material respects with the applicable provisions of ERISA, the Internal Revenue Code and other federal or state law; (b) cause each Plan that is qualified under
Section 401(a) of the Internal Revenue Code to maintain such qualification; and (c) make all required contributions to any Plan subject to Section 412, Section 430 or Section 431 of the Internal Revenue Code; except in each
such instance in clause (a), (b) or (c) where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 
  

	7.13	Additional Subsidiaries. 

 Within thirty days after the acquisition or
formation of any Material Subsidiary, or within thirty days after the Borrower has knowledge that an existing Subsidiary meets the threshold to be a Material Subsidiary: 

(a) notify the Administrative Agent thereof in writing, together with the (i) jurisdiction of formation, (ii) number
of shares of each class of Equity Interests outstanding, (iii) number and percentage of outstanding shares of each class owned (directly or indirectly) by the Borrower or any Subsidiary and (iv) number and effect, if exercised, of all
outstanding options, warrants, rights of conversion or purchase and all other similar rights with respect thereto; and 
 (b)
if such Material Subsidiary is a Domestic Subsidiary, cause such Person to (i) become a Guarantor by executing and delivering to the Administrative Agent a Joinder Agreement or such other documents as the Administrative Agent shall deem
appropriate for such purpose, and (ii) upon the request of the Administrative Agent in its sole discretion, deliver to the Administrative Agent such Organization Documents, resolutions and favorable opinions of counsel, all in form, content and
scope reasonably satisfactory to the Administrative Agent. 
  

	7.14	Ownership of Certain Subsidiaries. 

 Take such actions as are necessary to
ensure that the Borrower, at all times, shall own and control, directly or indirectly, 100% of the Voting Stock of Energen Resources Corporation and Alabama Gas Corporation. 
  

	7.15	Investments. 

 Make any material Investments solely in Persons and/or
property which are used or useful in the same or a similar line of business as the Borrower and its Subsidiaries are engaged in on the Closing Date (or any reasonable extension thereof). 

  
 51 

 ARTICLE VIII 

NEGATIVE COVENANTS 
 So
long as any Lender shall have any Commitment outstanding, any Loan or other Obligation arising under the Loan Documents shall remain unpaid or unsatisfied (other than contingent indemnification obligations as to which no claim has been asserted), no
Loan Party shall, nor shall it permit, to the extent it may lawfully do so, any Subsidiary to, directly or indirectly: 
  

	8.01	Liens. 

 Create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, other than the following: 
 (a) Liens pursuant to any Loan Document;

 (b) Liens existing on the date hereof and listed on Schedule 8.01 and any renewals or extensions thereof, provided that the
property covered thereby is not changed; 
 (c) Liens (other than Liens imposed under ERISA) for taxes, assessments or governmental charges
or levies not yet delinquent or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(d) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen and suppliers and other Liens imposed by law or
pursuant to customary reservations or retentions of title arising in the ordinary course of business, provided that such Liens secure only amounts not yet delinquent or, if delinquent, are unfiled and no other action has been taken to enforce
the same or are being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established; 

(e) pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other
social security legislation, other than any Lien imposed by ERISA; 
 (f) deposits to secure the performance of bids, trade contracts and
leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(g) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial
in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person, including, without limitation, easements or
reservations in any property of a Loan Party or Subsidiary for the purpose of roads, rights-of-way, railroads, railroad side tracks, electric lines, pipe lines, sewers, water and gas transmission and distribution mains, conduits, water rights of
states, any subdivision thereof or others, building and use restrictions and defects of title to, or leases of, any parts of the property of a Loan Party or its Subsidiary; 

(h) Liens securing judgments for the payment of money (or appeal or other surety bonds relating to such judgments) not constituting an Event
of Default under Section 9.01(h); 

  
 52 

 (i) Liens securing purchase money Indebtedness, including, without limitation, any Indebtedness
incurred to finance the acquisition, construction or improvement of any real estate acquired by a Loan Party or a Subsidiary; provided that (i) such Liens do not at any time encumber any property other than the property and improvements
thereto financed by such Indebtedness, (ii) such Liens attach to such property concurrently with or within ninety days after the acquisition, construction or improvement thereof and (iii) such Liens do not secure obligations that exceed,
in the aggregate at any one time outstanding, an amount equal to fifteen percent (15%) of Total Assets minus the amount of obligations secured by Liens incurred pursuant to Sections 8.01(z) and 8.01(ee). 

(j) leases or subleases granted to others not interfering in any material respect with the business of any Loan Party or any Subsidiary; 

(k) any interest of title of a lessor under, and Liens arising from UCC financing statements (or equivalent filings, registrations or
agreements in foreign jurisdictions) relating to, leases permitted by this Agreement; 
 (l) Liens deemed to exist in connection with
Investments in repurchase agreements entered into in connection with Investments in Cash Equivalents; 
 (m) normal and customary rights of
setoff upon deposits of cash in favor of banks or other depository institutions; 
 (n) Liens of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course of collection; 
 (o) pledges by
a Loan Party or a Subsidiary of assets as security to be deposited with any Governmental Authority at any time required by Law as a condition to the transaction of any business or the exercise of any privilege, license or right; 

(p) good faith deposits or the granting of security in connection with tenders, redemption, contracts or leases to which a Loan Party or a
Subsidiary is a party or deposits for the purpose of terminating obligations under an indenture; 
 (q) Liens (including, without
limitation, purchase money mortgages, conditional sale agreements and other title retention agreements and leases in the nature of title retention agreements) on property of a Loan Party or a Subsidiary in favor of the United States or any state
thereof, or any department, agency, instrumentality or political subdivision of the United States or any state thereof, or in favor of any other country or political subdivision thereof, or any agency or instrumentality of such country or political
subdivision, to secure partial progress installment, advance or other payment pursuant to any contract or statute or to secure any Indebtedness or other obligation (or related instrument) incurred for the purpose of financing all or any part of the
purchase price or the cost of construction of the property subject to such Liens; 
 (r) Liens incurred or created in the ordinary course of
business and in accordance with sound oil and gas industry practice in respect of the exploration, development or operation of oil and gas properties or related production or processing facilities or the transmission of petroleum substances as
security in favor of any other Person conducting the exploration, development, operation or transmission of the property to which such Liens relate, for any Loan Party’s or a Subsidiary’s portion of the costs and expenses of such
exploration, development, operation or transmission, provided that such costs or expenses are not delinquent or, which are being contested in good faith; provided such Loan Party or Subsidiary shall have made adequate provision therefor in
accordance with GAAP; 

  
 53 

 (s) overriding royalty interests, net profit interests, reversionary interests and carried
interests or other similar burdens on production in respect of any Loan Party’s or Subsidiary’s oil and gas properties that are entered into with or granted to arm’s length third parties in the ordinary course of business and in
accordance with sound oil and gas industry practice in the area of operation; 
 (t) Liens for penalties arising under non-participation
provisions of operating agreements in respect of any Loan Party’s or a Subsidiary’s oil and gas properties if such Liens do not materially detract from the value of any material part of the property of the Loan Parties and the
Subsidiaries, taken as a whole; 
 (u) the right reserved to or vested in any Governmental Authority by the terms of any lease, license,
grant or permit or by any statutory or regulatory provision to terminate any such lease, license, grant or permit or to require annual or other periodic payments as a condition of the continuance thereof; 

(v) any right of first refusal in favor of any Person granted in the ordinary course of business with respect to all or any of the oil and gas
properties of any Loan Party or any Subsidiary; 
 (w) the rights of buyers under production sale contracts related to any Loan Party’s
or Subsidiary’s share of petroleum substances entered into in the ordinary course of business, provided that the contracts create no rights (including any Lien) in favor of the buyer or any other Person in, to or over any reserves of petroleum
substances or other assets of any Loan Party or Subsidiary, other than a dedication of reserves (not by way of Lien or absolute assignment) on usual industry terms; 

(x) the making of good faith deposits or providing security in connection with tenders, redemptions, contracts or leases to which a Loan Party
or Subsidiary is a party or deposits for the purpose of terminating obligations under an indenture; 
 (y) Liens granted to trustees under
any indentures for debt securities of a Loan Party or a Subsidiary for payment of the fees and expenses of such trustees 
 (z) Liens
securing Indebtedness existing in or relating to real estate acquired by a Loan Party or a Subsidiary for transmission, distribution or right-of-way purposes or in connection with its usual operations; provided that such Liens do not secure
obligations that exceed, in the aggregate at any one time outstanding, an amount equal to fifteen percent (15%) of Total Assets minus the amount of obligations secured by Liens incurred pursuant to Sections 8.01(i) and 8.01(ee);

 (aa) any obligations or duties affecting the property of a Loan Party or its Subsidiaries to any municipality or public authority with
respect to any franchise, grant, license, permit or certificate; 
 (bb) any irregularities or deficiencies of title to any rights-of-way
for mains or pipes and/or appurtenances thereto or other improvements thereon and to any real estate used or to be used primarily for right-of-way purposes; 

(cc) leases made, or existing on property acquired, in the ordinary course of business; 

(dd) any extension, renewal or replacement (or successive extension, renewal or replacement) in whole or in part of any Lien referred to in
the foregoing clauses, provided, however, that the principal amount of Indebtedness secured thereby is not increased and the extension, renewal or replacement shall be limited to all or part of the property which secured the Indebtedness so
extended, renewed or replaced (plus improvements and construction on such property); and 
 (ee) other Liens not described above;
provided that such Liens do not secure obligations that exceed, in the aggregate at any one time outstanding, an amount equal to fifteen percent (15%) of Total Assets minus the amount of obligations secured by Liens incurred pursuant to
Sections 8.01(i) and 8.01(z). 

  
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	8.02	[Reserved]. 

  

	8.03	Indebtedness. 

 Create, incur, assume or suffer to exist any Indebtedness, except:

 (a) Indebtedness under the Loan Documents; 

(b) Indebtedness set forth on Schedule 8.03 (and renewals, refinancings and extensions thereof); provided that (i) the
amount of such Indebtedness is not increased at the time of such refinancing, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
refinancing and by an amount equal to any existing commitments unutilized thereunder and (ii) the terms relating to principal amount, amortization, maturity, collateral (if any) and subordination (if any), and other material terms taken as a
whole, of any such refinancing, renewal or extension are no less favorable in any material respect to the Loan Parties and their Subsidiaries or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced,
renewed or extended and the interest rate applicable to any such refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate; 

(c) intercompany Indebtedness among the Borrower and its Subsidiaries; 

(d) obligations (contingent or otherwise) existing or arising under any Swap Contract, provided that (i) such obligations are (or
were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in
the value of securities issued by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not contain any provision exonerating the
non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; 

(e) purchase money Indebtedness, subject to the limitations set forth in Section 8.01(i); 

(f) Indebtedness existing in or relating to real estate acquired by a Loan Party or a Subsidiary for transmission, distribution or
right-of-way purposes or in connection with its usual operations, subject to the limitations set forth in Section 8.01(z); 

(g) other Indebtedness as long as after giving effect thereto the Borrower is in compliance with the financial covenant in
Section 8.11 on a Pro Forma Basis, subject to the limitations set forth in Section 8.01; and 
 (h) Guarantees with
respect to Indebtedness permitted under this Section 8.03. 
  

	8.04	Fundamental Changes. 

 Merge, dissolve, liquidate or consolidate with or
into another Person, except that so long as no Default exists or would result therefrom, (a) the Borrower may merge or consolidate with any of its 

  
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Subsidiaries provided that the Borrower is the continuing or surviving Person, (b) any Subsidiary may merge or consolidate with any other Subsidiary provided that if a Loan
Party is a party to such transaction, the continuing or surviving Person is a Loan Party, (c) the Borrower or any Subsidiary may merge with any other Person in connection with an Acquisition; provided that if the Borrower or any other
Loan Party is a party to such transaction, the Borrower or such Loan Party is the continuing or surviving Person and (d) any Subsidiary may dissolve, liquidate or wind up its affairs at any time provided that such dissolution, liquidation or
winding up, as applicable, could not have a Material Adverse Effect. 
  

	8.05	Dispositions. 

 Make any Disposition except: 

(a) Permitted Transfers; 
 (b)
Property-to-Property Transfers; and 
 (c) other Dispositions so long as (i) at least 90% of the consideration paid in connection
therewith shall be cash or Cash Equivalents paid contemporaneous with consummation of the transaction and shall be in an amount not less than the fair market value of the property disposed of, (ii) such transaction does not involve the sale or
other disposition of a minority equity interest in any Subsidiary, (iii) such transaction does not involve a sale or other disposition of receivables other than receivables owned by or attributable to other property concurrently being disposed
of in a transaction otherwise permitted under this Section 8.05, and (iv) at the time of such Disposition, the aggregate net book value of all of the assets sold or otherwise disposed of by the Borrower and its Subsidiaries in all
such transactions (including such Disposition) occurring during the period commencing with the date three years prior to such Disposition and ending on the date of such Disposition, shall not exceed 15% of Total Assets (as determined as the end of
the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 7.01); provided, however, in determining the Borrower’s compliance with the limitation in clause (iv), the Borrower
may exclude Dispositions of assets to the extent the net cash proceeds of such Disposition are reinvested in assets (excluding current assets as classified by GAAP) that are useful in the business of the Borrower and its Subsidiaries within one
(1) year of the date of such Disposition. 
  

	8.06	Restricted Payments. 

 Declare or make, directly or indirectly, any Restricted
Payment, or incur any obligation (contingent or otherwise) to do so, except that: 
 (a) each Subsidiary may make Restricted Payments to the
Borrower, the Guarantors and any other Person that owns an Equity Interest in such Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 

(b) the Borrower and each Subsidiary may declare and make dividend payments or other distributions payable (i) in the common stock or
other common Equity Interests or (ii) in other Equity Interests pursuant to a shareholders rights plan; 
 (c) so long as no Default
exists or would result therefrom, the Borrower and each Subsidiary may purchase, redeem or otherwise acquire Equity Interests issued by it with the proceeds received from the substantially concurrent issue of new shares of its common stock or other
common Equity Interests; and 
 (d) so long as (i) no Event of Default exists or would result therefrom and (ii) the Borrower is
in compliance on a Pro Forma Basis with the financial covenant set forth in Section 8.11 after giving effect to such Restricted Payment, the Borrower may (x) declare or pay cash dividends to its stockholders and (y) purchase,
redeem or otherwise acquire for cash Equity Interests issued by it. 

  
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	8.07	Change in Nature of Business. 

 Engage in any material line of business
substantially different from those lines of business conducted by the Loan Parties and their Subsidiaries on the Closing Date or any business substantially related or incidental thereto. 

 

	8.08	Transactions with Affiliates and Insiders. 

 Enter into or permit to exist
any transaction or series of transactions with any officer, director or Affiliate of such Person other than (a) advances of working capital to any Loan Party, (b) transfers of cash and assets to any Loan Party, (c) intercompany
transactions (including intercompany Indebtedness and business services sharing agreements entered into among the Borrower and its Subsidiaries in the ordinary course of business) or any other transactions with any officer, director or Affiliate
permitted by Section 7.15, Section 8.03, Section 8.04, Section 8.05 or Section 8.06, (d) normal and reasonable compensation and reimbursement of expenses of officers and directors and
(e) except as otherwise specifically limited in this Agreement, other transactions which are entered into in the ordinary course of such Person’s business on terms and conditions substantially as favorable to such Person as would be
obtainable by it in a comparable arms-length transaction with a Person other than an officer, director or Affiliate. 
  

	8.09	[Reserved]. 

  

	8.10	Use of Proceeds. 

 Use the proceeds of any Borrowing, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund
indebtedness originally incurred for such purpose. 
  

	8.11	Financial Covenant. 

 Permit the Consolidated Debt to Capitalization Ratio,
as of the end of any fiscal quarter of the Borrower, to be greater than 0.65 to 1.0. 
  

	8.12	Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity. 

(a) Amend, modify or change its Organization Documents in a manner materially adverse to the Lenders in their capacity as such. 

(b) Change its fiscal year. 

(c) Without providing ten days prior written notice to the Administrative Agent, change its name, state of formation or form of organization.

  
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 ARTICLE IX 

EVENTS OF DEFAULT AND REMEDIES 
  

	9.01	Events of Default. 

 Any of the following shall constitute an Event of
Default: 
 (a) Non-Payment. Any Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of
any Loan or (ii) within five days after the same becomes due, any interest on any Loan or any fee due hereunder, or (iii) within ten days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

 (b) Specific Covenants. Any Loan Party fails to perform or observe any term, covenant or agreement (i) contained in any of
Sections 7.03, 7.05(a), 7.11, 7.13, 7.14, 7.15 or Article VIII; or (ii) contained in any of Sections 7.01, 7.02 or 7.10 and such failure continues for five Business Days;
provided that it is understood that it shall not be an Event of Default under Section 7.05(a)(ii) solely as a result of a failure to be able to obtain a certificate of good standing from the Department of Revenue of Alabama. 

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty days after the earlier of the date on which (i) a Responsible Officer of a Loan Party
becomes aware of such failure or (ii) notice thereof shall have been given to the Borrower by the Administrative Agent or any Lender; or 

(d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on
behalf of any Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; or 

(e) Cross-Default. (i) Any Loan Party or any Subsidiary (A) fails to make any payment when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise and after the expiration of any applicable grace period) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having
an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or
perform any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to
cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated
maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of
default under such Swap Contract as to which any Loan Party is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which any Loan Party is an Affected Party (as so
defined) and, in either event, the Swap Termination Value owed by such Loan Party as a result thereof is greater than the Threshold Amount, unless satisfied in full within any applicable grace period; or 

  
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 (f) Insolvency Proceedings, Etc. Any Loan Party or any Subsidiary institutes or consents
to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or
similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment
continues undischarged or unstayed for sixty calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues
undismissed or unstayed for sixty calendar days, or an order for relief is entered in any such proceeding; or 
 (g) Inability to Pay
Debts; Attachment. (i) Any Loan Party or any Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process
is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty days after its issue or levy; or 

(h) Judgments. There is entered against any Loan Party or any Subsidiary (i) one or more final judgments or orders for the payment
of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer has been notified of the claim and does not dispute
coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced
by any creditor upon such judgment or order, and (B) there is a period of thirty consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 

(i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or would reasonably
be expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii) the Borrower or any ERISA Affiliate fails to
pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount;
or 
 (j) Invalidity of Loan Documents. Any Loan Document, at any time after its execution and delivery and for any reason other than
as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any Subsidiary of any Loan Party contests in any manner the validity or enforceability of any
Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or 

(k) Change of Control. There occurs any Change of Control. 
  

	9.02	Remedies Upon Event of Default. 

 If any Event of Default occurs and is
continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) declare the commitment of each Lender to make Loans to be terminated, whereupon such commitments and obligation shall be terminated; 

  
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 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid
thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower;
and 
 (c) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or
applicable Law; 
 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the
Borrower under the Bankruptcy Code of the United States, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable without further act of the Administrative Agent
or any Lender. 
  

	9.03	Application of Funds. 

 After the exercise of remedies provided for in
Section 9.02 (or after the Loans have automatically become immediately due and payable) any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting reasonable fees, indemnities, expenses and other
amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting reasonable fees, indemnities and other amounts (other
than principal and interest) payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders and amounts payable under Article III), ratably among them in proportion to the respective amounts described
in this clause Second payable to them; 
 Third, to payment of that portion of the Obligations constituting
accrued and unpaid interest on the Loans and fees, premiums and scheduled periodic payments, and any interest accrued thereon, due under any Swap Contract between any Loan Party and any Swap Bank, to the extent such Swap Contract is permitted by
Section 8.03(d), ratably among the Lenders (and, in the case of such Swap Contracts, Swap Banks) in proportion to the respective amounts described in this clause Third held by them; 

Fourth, to (a) payment of that portion of the Obligations constituting unpaid principal of the Loans and
(b) payment of breakage, termination or other payments, and any interest accrued thereon, due under any Swap Contract between any Loan Party and any Swap Bank, to the extent such Swap Contract is permitted by Section 8.03(d), in
each case, in proportion to the respective amounts described in this clause Fourth held by them; and 
 Last,
the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law. 
 Excluded Swap
Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or such Guarantor’s assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the
allocation to Obligations otherwise set forth above in this Section. 

  
 60 

 ARTICLE X 

ADMINISTRATIVE AGENT 
  

	10.01	Appointment and Authority. 

 Each of the Lenders hereby irrevocably
appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and no Loan Party
shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative
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. 
  

	10.02	Rights as a Lender. 

 The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its 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 any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without
any duty to account therefor to the Lenders. 
  

	10.03	Exculpatory Provisions. 

 The Administrative Agent shall not have any
duties or obligations except those expressly set forth herein and in the other Loan Documents and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as
shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document 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 Lender in violation of any Debtor Relief Law; and 
 (c) shall not, except as
expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is communicated to or obtained by
the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

  
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 The Administrative Agent shall not be liable for any action taken or not taken by it
(i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as
provided in Sections 11.01 and 9.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. The Administrative Agent shall
be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the Borrower or a Lender. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (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 validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article V or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent. 
  

	10.04	Reliance by Administrative Agent. 

 The Administrative 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. The Administrative 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 Lender, the Administrative
Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal
counsel (who may be counsel for the Loan Parties), 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.

  

	10.05	Delegation of Duties. 

 The Administrative Agent may perform any and all of
its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative 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. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction
determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

  
 62 

	10.06	Resignation of Administrative Agent. 

 (a) The Administrative Agent may at
any time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower (which shall not be unreasonably withheld), 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 Lenders and shall have accepted
such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring
Administrative Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor Administrative Agent meeting the 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. 
 (b) If the Person serving as Administrative Agent is a
Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders and/or the Borrower may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as
Administrative Agent and, with the consent of the Borrower (which shall not be unreasonably withheld), appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30
days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all
payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required Lenders (with the consent of the Borrower, which
shall not be unreasonably withheld) appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all
of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed
Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan
Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative 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 Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Section 11.04 shall continue in effect for the
benefit of such retiring or removed Administrative 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
Administrative Agent was acting as Administrative Agent.  

  
 63 

	10.07	Non-Reliance on Administrative Agent and Other Lenders. 

 Each Lender
acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their 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 Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it
shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

 

	10.08	No Other Duties; Etc. 

 Anything herein to the contrary notwithstanding,
none of the bookrunners, arrangers, syndication agents, documentation agents or co-agents shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the
Administrative Agent or a Lender hereunder. 
  

	10.09	Administrative Agent May File Proofs of Claim. 

 In case of the pendency of
any proceeding under any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the
principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans and all other Obligations arising under the Loan Documents (other than obligations under Swap Contracts) that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have
the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other
amounts due the Lenders and the Administrative Agent under Section 2.09 and 11.04) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 11.04. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

  
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	10.10	Guaranty Matters. 

 The Lenders irrevocably authorize the Administrative
Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary (or a Material Subsidiary, as applicable) as a result of a transaction permitted hereunder. Upon
request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty, pursuant to this Section 10.10.

 ARTICLE XI 

MISCELLANEOUS 
  

	11.01	Amendments, Etc. 

 No amendment or waiver of any provision of this Agreement or
any other Loan Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and
acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, that 

(a) no such amendment, waiver or consent shall: 

(i) extend or increase the Commitment of a Lender (or reinstate any Commitment terminated pursuant to Section 9.02)
without the written consent of such Lender whose Commitment is being extended or increased (it being understood and agreed that a waiver of any condition precedent set forth in Section 5.02 or of any Default is not considered an
extension or increase in Commitments of any Lender); 
 (ii) postpone any date fixed by this Agreement or any other Loan
Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender entitled to receive
such payment; 
 (iii) reduce the principal of, or the rate of interest specified herein on, any Loan or (subject to clause
(i) of the final proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender entitled to receive such amount; provided,
however, that only the consent of the Required Lenders shall be necessary to (A) amend the definition of “Default Rate” or waive any obligation of the Borrower to pay interest at the Default Rate or (B) to amend any
financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or to reduce any fee payable hereunder; 

(iv) change Section 9.03 or any other provision that would alter the pro rata sharing of payments required thereby
in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender directly affected thereby; 

(v) change any provision of this Section 11.01(a) or the definition of “Required Lenders” without the
written consent of each Lender directly affected thereby; or 
 (vi) release the Borrower without the consent of each Lender,
or, except in connection with a transaction permitted under Section 8.04 or Section 8.05, all or substantially all of the value of the Guaranty without the written consent of each Lender whose Obligations are guaranteed
thereby, except to the extent such release is permitted pursuant to Section 10.10 (in which case such release may be made by the Administrative Agent acting alone); and 

  
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 (b) unless also signed by the Administrative Agent, no amendment, waiver or consent shall affect
the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; 
 provided, however, that notwithstanding
anything to the contrary herein, (i) the Fee Letters may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto, (ii) each Lender is entitled to vote as such Lender sees fit on any
bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and
(iii) the Required Lenders shall determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders. 

Notwithstanding anything to the contrary herein, (A) no Defaulting Lender shall have any right to approve or disapprove any amendment,
waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that
(x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms
affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender, (B) no amendment affecting only the Lenders holding the Term Loan shall require the consent of
any Person other than the Borrower and the Lenders holding the Term Loan and (C) no amendment affecting only the Lenders holding any Incremental Term Loan shall require the consent of any Person other than the Borrower and the Lenders holding
any Incremental Term Loan. 
  

	11.02	Notices; Effectiveness; Electronic Communications. 

 (a) Notices
Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the
applicable telephone number, as follows: 
 (i) if to any Loan Party or the Administrative Agent, to the address, facsimile
number, electronic mail address or telephone number specified for such Person on Schedule 11.02; and 
 (ii) if to any
other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative
Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Borrower). 

Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have
been given when received; notices and other 

  
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communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the
opening of business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b).

 (b) Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any
Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion,
agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

Unless the Administrative 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 Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication
is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice, email or
communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 
 (c) The
Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM
LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. 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 ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”)
have any liability to the Borrower, any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s
transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from
the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages). 
 (d) Change of Address, Etc. Each of the Borrower and
the Administrative Agent may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for notices
and other communications hereunder by notice to the Borrower and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an
effective address, contact name, 

  
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telephone number, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each
Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to
enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made
available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrower or its securities for purposes of United States Federal or state securities laws.

 (e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon
any notices (including telephonic Loan Notices) purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all
losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party. All telephonic notices to and other telephonic communications with the Administrative Agent may be
recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 
  

	11.03	No Waiver; Cumulative Remedies; Enforcement. 

 No failure by any Lender or
the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan
Document are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
 Notwithstanding anything to the
contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and
proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 9.02 for the benefit of all the Lenders; provided, however, that
the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents,
(b) any Lender from exercising setoff rights in accordance with Section 11.08 (subject to the terms of Section 2.13), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf
during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then
(i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 9.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso and
subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

  
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	11.04	Expenses; Indemnity; and Damage Waiver. 

 (a) Costs and Expenses.
The Loan Parties shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges
and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable out-of-pocket expenses incurred by the Administrative Agent or any Lender (including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent or any Lender), in connection
with the successful enforcement or reasonable protection of its rights following an Event of Default (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the
Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 

(b) Indemnification by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent (and any sub-agent thereof), each
Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses
(including the reasonable fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or other Loan Party) other than an Indemnitee and its
Related Parties, arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto
of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration
of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release
of Hazardous Materials on or from any property owned or operated by a Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to a Loan Party or any of its Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a
party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final
and nonappealable judgment (or a consent or settlement agreement) to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Loan Party against an
Indemnitee for a material breach of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court
of competent jurisdiction. Without limiting the provisions of Section 3.01(c), this Section 11.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

 (c) Reimbursement by Lenders. To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required
under subsection (a) or (b) of this Section to be paid by them to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, but without limiting such Loan Parties’ continuing obligations with
respect thereto, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed
expense or 

  
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indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was
incurred by or asserted against the Administrative Agent (or any such sub-agent) or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent). The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 2.12(d). 
 (d) Waiver of Consequential Damages, Etc. To the
fullest extent permitted by applicable law, no Loan Party shall assert, and each Loan Party hereby waives, any claim against any Indemnitee, 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, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the
proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee
through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from
the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor. 

(f) Survival. The agreements in this Section and the indemnity provisions of Section 11.02(e) shall survive the resignation
of the Administrative Agent, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations arising under the Loan Documents. 

 

	11.05	Payments Set Aside. 

 To the extent that any payment by or on behalf of any
Loan Party is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not
been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent,
plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall
survive the payment in full of the Obligations and the termination of this Agreement. 
  

	11.06	Successors and Assigns. 

 (a) Successors and Assigns Generally. The
provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto 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 or thereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or

  
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obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions
of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (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
subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations
under this Agreement and the other Loan Documents (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the related Loans
at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender
or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in subsection (b)(i)(A) of this
Section, 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 Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative 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 Administrative 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). 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s Loans and Commitments, and rights and obligations with respect thereto, assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among the Term
Loan and any Incremental Term Loans on a non-pro rata basis. 
 (iii) Required Consents. No consent shall be required
for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent
of the Borrower (such consent not to be unreasonably withheld) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender
or an Approved Fund; provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received
notice thereof; and 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)
shall be required for assignments in respect of any Loan if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 

  
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 (iv) Assignment and Assumption. The parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect
to waive such processing and recordation fee in the case of any assignment. The assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to Certain Persons. No such assignment shall be made to (A) the Borrower or any of the
Borrower’s Affiliates or Subsidiaries, (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) a
natural person. 
 (vi) Certain Additional Payments. In connection with any assignment of rights and obligations of
any Defaulting Lender 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 Administrative 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 Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, 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 Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans in
accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender 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 Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, 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 Lender under this Agreement,
and the assigning Lender 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 Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04 with respect to
facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any
claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrower (at its expense) shall execute and deliver a replacement Note to the assignee Lender. Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of
this Section. 

  
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 (c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary
agent of the Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register
for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).
The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell
participations to any Person (other than a natural person, a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or
obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with
such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.04(c) without regard to the existence of any participation. 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification described in Section 11.01 that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05
(subject to the requirements and limitations therein, including the requirements under Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the
participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of
Sections 3.06 and 11.13 as if it were an assignee under subsection (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, with respect to any participation,
than the Lender from whom it acquired the applicable participation 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. Each Lender 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 Sections 3.06 and 11.13 with
respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender; provided that such Participant agrees to be subject to
Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the
principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender 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 or its other obligations under any Loan Document) to any Person
except to the extent that such disclosure is 

  
 73 

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

(e) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
  

	11.07	Treatment of Certain Information; Confidentiality. 

 Each of the
Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its Related Parties (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
such Person or its Related Parties (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 hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights
hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, 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 any Eligible Assignee invited to become an Incremental Term Loan Lender pursuant to Section 2.01(b) or (ii) any actual or prospective party (or its Related Parties) 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, (g) on a confidential basis to (i) any rating agency in connection with rating the Borrower or
its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit
facilities provided hereunder, (h) with the consent of the Borrower or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the
Administrative Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. 

For purposes of this Section, “Information” means all information received from a Loan Party or any Subsidiary relating to
the Loan Parties or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by such Loan Party or any Subsidiary
(which includes, without limitation, all information obtained during an inspection conducted under Section 7.10). 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. 

Each of the Administrative Agent and the Lenders acknowledges that (a) the Information may include material non-public information
concerning a Loan Party or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with
applicable Law, including United States Federal and state securities Laws. 

  
 74 

	11.08	Set-off. 

 If an Event of Default shall have occurred and be continuing,
each Lender and each of its Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by applicable law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, but excluding any Plan accounts and assets and any other
account for which set off would be prohibited by Law or any such Affiliate to or for the credit or the account of any Loan Party against any and all of the obligations of such Loan Party now or hereafter existing under this Agreement or any other
Loan Document to such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other Loan Document and although such obligations of such Loan Party may be contingent or unmatured or are owed to a
branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts
so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds
and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such
Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or its Affiliates may
have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

 

	11.09	Interest Rate Limitation. 

 Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent
or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the
interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the
Obligations hereunder. 
  

	11.10	Counterparts; Integration; Effectiveness. 

 This Agreement may be executed
in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute
the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 5.01,
this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties
hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
 75 

	11.11	Survival of Representations and Warranties. 

 All representations and
warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties
have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have
had notice or knowledge of any Default at the time of any Borrowing, and shall continue in full force and effect as long as any Loan or any other Obligation arising under the Loan Documents shall remain unpaid or unsatisfied. 

 

	11.12	Severability. 

 If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.
The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 11.12, if and to the extent that
the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the
extent not so limited. 
  

	11.13	Replacement of Lenders. 

 If the Borrower is entitled to replace a Lender
pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender
to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.06), all of its interests, rights (other than its existing rights to payments pursuant to
Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

 (a) the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 11.06(b);

 (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) 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); 
 (c) in the case of any such assignment resulting from a claim
for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

  
 76 

 (d) such assignment does not conflict with applicable Laws; and 

(e) in the case of any such assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall
have consented to the applicable amendment, waiver or consent; provided that the failure by such Non-Consenting Lender to execute and deliver an Assignment and Assumption shall not impair the validity of the removal of such Non-Consenting
Lender and the mandatory assignment of such Non-Consenting Lender’s Commitments and outstanding Loans pursuant to this Section 11.13 shall nevertheless be effective without the execution by such Non-Consenting Lender of an
Assignment and Assumption. 
 A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a
waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
  

	11.14	Governing Law; Jurisdiction; Etc. 

 (a) GOVERNING LAW. THIS AGREEMENT AND
THE OTHER LOAN DOCUMENTS 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 OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT,
AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

(b) SUBMISSION TO JURISDICTION. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
NONEXCLUSIVE JURISDICTION OF 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, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY
BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. 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. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) WAIVER OF VENUE. EACH LOAN PARTY 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 OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN 

  
 77 

 
PARAGRAPH (B) OF 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 OR PROCEEDING IN ANY SUCH COURT. 
 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

 

	11.15	Waiver of Right to Trial by Jury. 

 EACH PARTY HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
  

	11.16	No Advisory or Fiduciary Responsibility. 

 In connection with all aspects
of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of the Loan Parties acknowledges and agrees, and acknowledges its Affiliates’
understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Lenders and the Arrangers, are arm’s-length commercial transactions between the Loan Parties and their
respective Affiliates, on the one hand, and the Administrative Agent, the Lenders and the Arrangers, on the other hand, (B) each of the Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has
deemed appropriate, and (C) each of the Loan Parties is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the
Administrative Agent, the Lenders and the Arrangers each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary
for the Loan Parties or any of their respective Affiliates, or any other Person and (B) neither the Administrative Agent, nor any Lender or any Arranger has any obligation to the Loan Parties or any of their respective Affiliates with respect
to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Lenders and the Arrangers and their respective Affiliates may be engaged in a
broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates, and neither the Administrative Agent nor the Lenders or any Arranger has any obligation to disclose any of such interests
to the Loan Parties and their respective Affiliates. To the fullest extent permitted by Law, each of the Loan Parties hereby waives and releases any claims that it may have against the Administrative Agent, the Lenders and the Arrangers with respect
to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

  
 78 

	11.17	Electronic Execution of Assignments and Certain Other Documents. 

 The
words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic
signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent
and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic
Transactions Act. 
  

	11.18	USA PATRIOT Act Notice. 

 Each Lender that is subject to the Act (as
hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the
Administrative Agent, as applicable, to identify the Borrower in accordance with the Act. The Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that the
Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 

[SIGNATURE PAGES FOLLOW] 

  
 79 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as
of the date first above written. 
  

							
	BORROWER:	 		 	ENERGEN CORPORATION,
		 		 	an Alabama corporation
				
		 		 	By:	 	 /s/ Charles W. Porter, Jr.

		 		 	Name:	 	Charles W. Porter, Jr.
		 		 	Title:	 	Vice President, Chief Financial Officer and Treasurer
			
	GUARANTOR:	 		 	ENERGEN RESOURCES CORPORATION,
		 		 	an Alabama corporation
				
		 		 	By:	 	 /s/ Charles W. Porter, Jr.

		 		 	Name:	 	Charles W. Porter, Jr.
		 		 	Title:	 	Vice President, Chief Financial Officer and Treasurer

  
 ENERGEN CORPORATION 

TERM CREDIT AGREEMENT 

							
	ADMINISTRATIVE	 		 		 	
	AGENT:	 		 	BANK OF AMERICA, N.A.,
		 		 	as Administrative Agent
				
		 		 	By:	 	 /s/ Christine Trotter

		 		 	Name:	 	Christine Trotter
		 		 	Title:	 	Assistant Vice President
			
	LENDERS:	 		 	BANK OF AMERICA, N.A.,
		 		 	as a Lender
				
		 		 	By:	 	 /s/ Stephanie Pendleton

		 		 	Name:	 	Stephanie Pendleton
		 		 	Title:	 	Senior Vice President
			
		 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
		 		 	as a Lender
				
		 		 	By:	 	 /s/ Leanne S. Phillips

		 		 	Name:	 	Leanne S. Phillips
		 		 	Title:	 	Director
			
		 		 	REGIONS BANK,
		 		 	as a Lender
				
		 		 	By:	 	 /s/ David A. Simmons

		 		 	Name:	 	David A. Simmons
		 		 	Title:	 	Senior Vice President
			
		 		 	COMPASS BANK,
		 		 	as a Lender
				
		 		 	By:	 	 /s/ Ann Van Wagener

		 		 	Name:	 	Ann Van Wagener
		 		 	Title:	 	Senior Vice President
			
		 		 	JPMORGAN CHASE BANK, N.A.,
		 		 	as a Lender
				
		 		 	By:	 	 /s/ Muhammad Hasan

		 		 	Name:	 	Muhammad Hasan
		 		 	Title:	 	Vice President

  
 ENERGEN CORPORATION 

TERM CREDIT AGREEMENT 

							
		 		 	 U.S. BANK NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	/s/ Patrick Jeffrey
		 		 	Name:	 	Patrick Jeffrey
		 		 	Title:	 	Vice President
			
		 		 	 SUMITOMO MITSUI BANKING CORPORATION,

as a Lender

				
		 		 	By:	 	/s/ James D. Weinstein
		 		 	Name:	 	James D. Weinstein
		 		 	Title:	 	Managing Director
			
		 		 	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as a Lender

				
		 		 	By:	 	/s/ Andrew Oram
		 		 	Name:	 	Andrew Oram
		 		 	Title:	 	Managing Director
			
		 		 	 FIFTH THIRD BANK,
 as a
Lender

				
		 		 	By:	 	/s/ Byron Cooley
		 		 	Name:	 	Byron Cooley
		 		 	Title:	 	Executive Director
			
		 		 	 DNB CAPITAL LLC,
 as a
Lender

				
		 		 	By:	 	/s/ Robert Dupree
		 		 	Name:	 	Robert Dupree
		 		 	Title:	 	Senior Vice President
			
		 		 	 DNB CAPITAL LLC,
 as a
Lender

				
		 		 	By:	 	/s/ Asulv Tveit
		 		 	Name:	 	Asulv Tveit
		 		 	Title:	 	Vice President

  
 ENERGEN CORPORATION 

TERM CREDIT AGREEMENT 

							
		 		 	 CIBC INC.,
 as a
Lender

				
		 		 	By:	 	/s/ Daria Mahoney
		 		 	Name:	 	Daria Mahoney
		 		 	Title:	 	Authorized Signatory
				
		 		 	By:	 	/s/ Trudy Nelson
		 		 	Name:	 	Trudy Nelson
		 		 	Title:	 	Authorized Signatory
			
		 		 	 MIZUHO BANK, LTD.,
 as a
Lender

				
		 		 	By:	 	/s/ Leon Mo
		 		 	Name:	 	Leon Mo
		 		 	Title:	 	Authorized Signatory
			
		 		 	 BRANCH BANKING AND TRUST COMPANY,

as a Lender

				
		 		 	By:	 	/s/ Brantley Echols
		 		 	Name:	 	Brantley Echols
		 		 	Title:	 	Senior Vice President
			
		 		 	 PNC BANK, NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	/s/ Tom Byargeon
		 		 	Name:	 	Tom Byargeon
		 		 	Title:	 	Managing Director
			
		 		 	 BMO HARRIS BANK, N.A.,
 as a
Lender

				
		 		 	By:	 	/s/ Joseph A. Bliss
		 		 	Name:	 	Joseph A. Bliss
		 		 	Title:	 	Managing Director
			
		 		 	 KEYBANK NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	/s/ Paul J. Pace
		 		 	Name:	 	Paul J. Pace
		 		 	Title:	 	Senior Vice President

  
 ENERGEN CORPORATION 

TERM CREDIT AGREEMENT 

							
		 		 	 ROYAL BANK OF CANADA,
 as a
Lender

				
		 		 	By:	 	/s/ Don J. McKinnerney
		 		 	Name:	 	Don J. McKinnerney
		 		 	Title:	 	Authorized Signatory
			
		 		 	 RBS CITIZENS, N.A.,
 as a
Lender

				
		 		 	By:	 	/s/ James Riley
		 		 	Name:	 	James Riley
		 		 	Title:	 	Senior Vice President
			
		 		 	 THE HUNTINGTON NATIONAL BANK,

as a Lender

				
		 		 	By:	 	/s/ Christopher Renyi
		 		 	Name:	 	Christopher Renyi
		 		 	Title:	 	Vice President
			
		 		 	 SYNOVUS BANK,
 as a
Lender

				
		 		 	By:	 	/s/ Alan T. Drennen, III
		 		 	Name:	 	Alan T. Drennen, III
		 		 	Title:	 	Senior Vice President
			
		 		 	 CAPITAL BANK, N.A.,
 as a
Lender

				
		 		 	By:	 	/s/ Brian Reeves
		 		 	Name:	 	Brian Reeves
		 		 	Title:	 	Market President
			
		 		 	 MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH

as a Lender

				
		 		 	By:	 	/s/ Angela Chen
		 		 	Name:	 	Angela Chen
		 		 	Title:	 	VP & DGM

  
 ENERGEN CORPORATION 

TERM CREDIT AGREEMENT 

							
		 		 	 SABADELL UNITED BANK, N.A.,

as a Lender

				
		 		 	By:	 	/s/ Maurici Llado
		 		 	Name:	 	Maurici Llado
		 		 	Title:	 	EVP – Corporate & Commercial Banking
			
		 		 	 CADENCE BANK, N.A.,
 as a
Lender

				
		 		 	By:	 	/s/ Brent Balogh
		 		 	Name:	 	Brent Balogh
		 		 	Title:	 	Senior Vice President
			
		 		 	 BRYANT BANK,
 as a
Lender

				
		 		 	By:	 	/s/ Brian Ethridge
		 		 	Name:	 	Brian Ethridge
		 		 	Title:	 	Executive Vice President
			
		 		 	 FIRSTMERIT BANK, N.A.,
 as a
Lender

				
		 		 	By:	 	/s/ Timothy Daniels
		 		 	Name:	 	Timothy Daniels
		 		 	Title:	 	Senior Vice President

  
 ENERGEN CORPORATION 

TERM CREDIT AGREEMENT

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