Document:

Amendment No 4 to Credit Agreement

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 4 TO CREDIT AGREEMENT 

THIS AMENDMENT NO. 4 TO CREDIT AGREEMENT, dated as of May 28, 2014 (this “Amendment”), by and among Cott Corporation
Corporation Cott, a corporation organized under the laws of Canada, Cott Beverages Inc., a Georgia corporation, Cliffstar LLC, a Delaware limited liability company, and Cott Beverages Limited, a company organized under the laws of England and Wales,
as Borrowers, the other Loan Parties party hereto, the Lenders party hereto, and JPMorgan Chase Bank, N.A., London Branch, as UK Security Trustee, JPMorgan Chase Bank, N.A., as Administrative Agent and Administrative Collateral Agent, and General
Electric Capital Corporation, as Co-Collateral Agent. Each capitalized term used herein and not defined herein shall have the meaning ascribed thereto in the Amended Credit Agreement referred to below. 

WITNESSETH 
 WHEREAS, the
Borrowers, the other Loan Parties, the Lenders, the Administrative Agent, the UK Security Trustee, the Administrative Collateral Agent, the Co-Collateral Agent, and the other parties party thereto, are parties to that certain Credit Agreement, dated
as of August 17, 2010 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of April 19, 2012, as further amended by that certain Amendment No. 2 to Credit Agreement, dated as of July 19, 2012, as further
amended by that certain Amendment No. 3 to Credit Agreement, dated as of October 22, 2013, and as may be further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit
Agreement”; and as amended by this Amendment, the “Amended Credit Agreement”); and 
 WHEREAS, the Borrowers have
requested that the Administrative Agent and the Lenders agree to amend certain provisions of the Credit Agreement on the terms and subject to the conditions expressly set forth herein. 

NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, each party hereto is willing to agree to amend certain provisions of the Credit Agreement on the terms and subject to the conditions expressly set forth herein. 

I. Amendments to Credit Agreement. Effective as of the Amendment No. 4 Effective Date (as defined below), each party hereto hereby agrees that the
Credit Agreement shall be and hereby is amended as follows: 
 1. The introductory paragraph to the Credit Agreement is hereby amended by
adding the phrase “, and as further amended by Amendment No. 4, dated as of May 28, 2014” immediately after the phrase “as of October 22, 2013”. 

2. The definition of “Account” is hereby amended by (a) deleting the phrase “the Company” and replacing it
with the phrase “the Canadian Co-Borrowers” and (b) deleting the phrase “the UK Borrower” and replacing it with the phrase “any UK Co-Borrower”. 

3. The definition of “Aggregate Borrowing Base” is hereby amended by (a) deleting the phrase “the Company” and
replacing it with the phrase “the Canadian Co-Borrowers” and (b) deleting the phrase “the UK Borrower” and replacing it with the phrase “the UK Co-Borrowers”. 

 4. The definition of “APA” is hereby deleted. 

5. The definition of ““Borrower” or “Borrowers”” is hereby deleted in its entirety and replaced
with the following: 
 ““Borrower” or “Borrowers” means, individually or collectively, the Canadian
Co-Borrowers, the U.S. Co-Borrowers, and the UK Co-Borrower.”. 
 6. The definition of “Borrower DTTP Filing” is
hereby deleted in its entirety and replaced with the following: 
 ““Borrower DTTP Filing” means an HM
Revenue & Customs Form DTTP2 duly completed and filed by the relevant UK Co-Borrower, which (a) where it relates to a Treaty Lender that is a Treaty Lender on the day on which this Agreement is entered into, contains the scheme
reference number and jurisdiction of tax residence provided by the Treaty Lender to such UK Co-Borrower and the Administrative Agent, and (i) where such UK Co-Borrower becomes a UK Co-Borrower on the day on which this Agreement is entered into,
is filed with HM Revenue & Customs within 30 days of the date of this Agreement; or (ii) where such UK Co-Borrower becomes a UK Co-Borrower hereunder after the day on which this Agreement is entered into, is filed with HM
Revenue & Customs within 30 days of the date on which that UK Co-Borrower becomes a UK Co-Borrower; or (b) where it relates to a party that becomes a Treaty Lender hereunder pursuant to an Assignment and Assumption or a Participant,
contains the scheme reference number and jurisdiction of tax residence of such party and is provided by such party to such UK Co-Borrower and the Administrative Agent, and (i) where such UK Co-Borrower is a UK Co-Borrower on the effective date
of the relevant Assignment and Assumption or participation, is filed with HM Revenue & Customs within 30 days of the effective date of the relevant aforementioned document; or (ii) where such UK Co-Borrower becomes a UK Co-Borrower
hereunder after the effective date of the relevant Assignment and Assumption or participation, is filed with HM Revenue & Customs within 30 days of the date on which that UK Co-Borrower becomes a UK Co-Borrower.”. 

7. The definition of “Borrowing Base” is hereby amended by (a) other than in clause (d) thereof, deleting each
reference therein to “Borrower” and replacing them with the phrase “Borrowing Base Contributor”, (b) in clause (d) thereof, deleting the word “Borrower’s” and replacing it with the phrase “Original
Borrower’s”, and (c) adding the following phrase at the end of the first sentence thereof: 
 “; provided that,
notwithstanding anything to the contrary in the definitions of Eligible Accounts and Eligible Inventory, if the assets acquired pursuant to a Permitted Acquisition or any other transaction permitted under Section 6.04 are intended to be
included in the Borrowing Base (including the assets of each Designated Company), prior to the inclusion of such assets in the Borrowing 

  
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Base, the Administrative Agent shall have received a field examination and appraisal conducted by an appraiser selected and engaged by the Administrative Agent and prepared on a basis
satisfactory to the Administrative Agent and each Collateral Agent, in each case at the Borrowers’ sole cost and expense (one such appraisal and one such field examination for each such set of assets shall be excluded from the limitation on
such appraisals and field examinations at the expense of the Borrowers as provided in Section 5.11); provided, further, that, solely in the case of Inventory located in the United States and Accounts, in each case owned by a
Borrowing Base Contributor organized under applicable laws of the United States, any state thereof or the District of Columbia, the Administrative Agent and the Collateral Agents may, in their Permitted Discretion, determine to include the Eligible
Accounts and Eligible Inventory acquired pursuant to such Permitted Acquisition or other transaction permitted under Section 6.04 (subject to advance rates determined in the Permitted Discretion of the Administrative Agent and the Collateral
Agents (but in no case higher than the advance rates set forth in this definition) and any Reserves then in effect pursuant to this definition and the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to this
Agreement) in the Borrowing Base up to an amount not to exceed 5% of the Borrowing Base at any time (after giving effect to such inclusion) prior to the receipt by the Administrative Agent of such appraisal and field examination, without limiting
the right of the Administrative Agent and the Collateral Agents to subsequently exclude such assets from the Borrowing Base in their Permitted Discretion; provided, further, that such assets shall be removed from the Borrowing Base if
the Administrative Agent has not received such appraisal and field examination within 90 days (or such later date as the Administrative Agent and the Collateral Agents may agree in their Permitted Discretion) after the date such assets were first
included in the Borrowing Base”. 
 8. The definition of “Canadian Borrower” is hereby deleted. 

9. The definition of “Canadian Issuing Bank” is hereby amended by deleting the phrase “the Company” and replacing
it with the phrase “any Canadian Co-Borrower”. 
 10. The definition of “Canadian Letter of Credit Exposure” is
hereby amended by deleting each reference to the phrase “the Canadian Borrower” and replacing it with the phrase “a Canadian Co-Borrower”. 

11. The definition of “Canadian Overadvance” is hereby amended by deleting the phrase “the Company” and replacing
it with the phrase “a Canadian Co-Borrower”. 
 12. The definition of “Canadian Protective Advance” is hereby
amended by deleting the phrase “the Company” and replacing it with the phrase “a Canadian Co-Borrower”. 
 13. The
definition of “Canadian Revolving Loan” is hereby amended by deleting the phrase “the Company” and replacing it with the phrase “a Canadian Co-Borrower”. 

  
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 14. The definition of “Change in Control” is hereby amended by (a) deleting
each reference to the phrase “2009 Indenture, the” and (b) adding the phrase “or the Replacement Indenture,” immediately after each reference to the phrase “2010 Indenture”. 

15. The definition of “Cliffstar Acquisition” is hereby amended by deleting each reference to “APA” and replacing
them with the phrase “2010 APA”. 
 16. The definition of “Cliffstar Companies” is hereby amended by deleting the
reference to “APA” and replacing it with the phrase “2010 APA”. 
 17. The definition of “Cliffstar Deposit
Accounts” is hereby amended by deleting the word “o” and replacing it with the word “of”. 
 18. The definition
of “Collateral Access Agreement” is hereby amended by (a) deleting the phrase “the Company or” and replacing it with the phrase “the Canadian Co-Borrowers and” and (b) deleting the phrase “the UK
Borrower or” and replacing it with the phrase “the UK Co-Borrowers and”. 
 19. The definition of “Collection
Account” is hereby amended by (a) deleting the phrase “the Company or” and replacing it with the phrase “the Canadian Co-Borrowers and”, and (b) deleting the phrase “the UK Borrower or” and replacing
it with the phrase “the UK Co-Borrowers and”. 
 20. The definition of “Customer List” is hereby amended by
deleting the phrase “each Borrower” and replacing it with the phrase “each Borrowing Base Contributor”. 
 21. The
definition of “Disqualified Payables” is hereby amended by (a) deleting the phrase “the U.K. Borrower and the Canadian Borrower” and replacing it with the phrase “a UK Co-Borrower and a Canadian
Co-Borrower”, (b) deleting the phrase “the Borrower” and replacing it with the phrase “such Borrower”, and (c) adding the word “Administrative” immediately before the word “Agent”. 

22. The definition of “Earnout” is hereby deleted. 

23. The definition of “EBITDA” is hereby amended by (a) deleting the word “and” immediately before clause
(vii) thereof and replacing it with a comma and (b) adding the phrase “, (viii) the 2009 Notes Call Premium Expense and the 2010 Notes Call Premium Expense for such period, and (ix) any non-capitalized fees and expenses
(including legal, accounting and financing costs) incurred in connection with the negotiation and closing of the 2014 SPA in an aggregate amount not to exceed £1,000,000” immediately after the phrase “not to exceed $1,500,000”.

  
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 24. The definition of “Eligible Accounts” is hereby amended by (a) deleting
each reference to the word “Borrower” and replacing them with the phrase “Borrowing Base Contributor”, (b) in clause (c) thereof, deleting the phrase “written off the books of the” and replacing it with the
phrase “written off the books of any”, (c) in clause (g) thereof, deleting the phrase “is contingent upon the” and replacing it with the phrase “is contingent upon a”, and (d) deleting clause
(l) thereof in its entirety and replacing it with the following: 
 “(l) (i) with respect to Accounts of any Borrowing Base
Contributor organized under the laws of any State of the United States, the District of Columbia or Canada, any Account which is owed by an Account Debtor which (x) does not maintain its chief executive office (or its domicile, for the purposes
of the Quebec Civil Code) in the United States or Canada unless each Collateral Agent has determined that such Account Debtor has substantial assets and operations in the United States or Canada and is subject to suit in the United States or Canada
or (y) is not organized under applicable law of the United States, any state of the United States, Canada, or any province of Canada unless, in either case, such Account is backed by a letter of credit acceptable to the Administrative Agent
which is in the possession of, and is directly drawable by, the Administrative Collateral Agent and (ii) with respect to Accounts of any Borrowing Base Contributor organized under the laws of England and Wales, any Account which is owed by an
Account Debtor which (x) does not maintain its chief executive office (or its domicile, for the purposes of the Quebec Civil Code) in the United States, Canada or the United Kingdom unless each Collateral Agent has determined that such Account
Debtor has substantial assets and operations in the United States, Canada or the United Kingdom and is subject to suit in the United States, Canada or the United Kingdom or (y) is not organized under applicable law of the United States, any
state of the United States, Canada, any province of Canada or the United Kingdom unless, in either case, such Account is backed by a letter of credit acceptable to the Administrative Agent which is in the possession of, and is directly drawable by,
the Administrative Collateral Agent; provided, however, that, solely in the case of this clause (ii), up to $3,000,000 of Eligible Accounts at any one time may be from Account Debtors that either maintain a chief executive office in
Ireland or Scotland or are organized under the applicable law of Ireland or Scotland;”. 
 25. The definition of “Eligible
Equipment” is hereby amended (a) in clause (i) thereof, by deleting the phrase “a Borrower” and replacing it with the phrase “an Original Borrower”, (b) in clause (ii) thereof, by adding the phrase
“owned by an Original Borrower” immediately after the phrase “other equipment”, (c) in the proviso thereof, by adding the word “Original” immediately before the reference to “Borrowers”, (d) in
clauses (a) through (g) thereof, by adding the word “Original” immediately before each reference to the word “Borrower”, (e) in clause (e) thereof, by deleting the phrase “ordinary course of business of
the” and replacing it with the phrase “ordinary course of business of such”, and (f) in clause (f) thereof, by deleting the phrase “, the 2009 Note Documents and the 2010 Note Documents” and replacing it with the
phrase “and the 2010 Note Documents or the Replacement Note Documents”. 
 26. The definition of “Eligible
Inventory” is hereby amended by deleting each reference to the word “Borrower” and replacing them with the phrase “Borrowing Base Contributor”. 

27. The definition of “Eligible Real Property” is hereby amended by (a) deleting the phrase “a Borrower” and
replacing it with the phrase “an Original Borrower” and (b) adding the word “Original” immediately before each other reference to the word “Borrower”. 

  
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 28. Clause (ii) of the proviso to the definition of “Excluded Subsidiary”
is hereby amended by deleting the phrase “the 2009 Note Documents or the 2010 Note Documents” and replacing it with the phrase “the 2010 Note Documents or the Replacement Note Documents”. 

29. The definition of “Excluded Swap Obligation” is hereby amended by adding the word “Loan” immediately before
each reference to the word “Guarantor”. 
 30. The definition of “Excluded Taxes” is hereby amended by deleting
the word “Borrower” and replacing it with the word “Borrowers”. 
 31. The definition of “Existing Credit
Agreement” is hereby amended by deleting the phrase “the UK Borrower” and replacing it with the phrase “Cott Beverages Limited”. 

32. The definition of “Farm Products” is hereby amended by deleting the word “either” and replacing it with the
word “any”. 
 33. The definition of “Farm Products Notices” is hereby amended by deleting each reference to the
word “either” and replacing them with the word “any”. 
 34. The definition of “Farm Products Seller”
is hereby amended by deleting the word “either” and replacing it with the word “any”. 
 35. The definition of
“First Amendment” is hereby amended by deleting the phrase “the UK Borrower” and replacing it with the phrase “Cott Beverages Limited”. 

36. The definition of “Fixed Charges” is hereby amended by (a) deleting the phrase “(plus any payments of Permitted
Deferred Consideration” and replacing it with a comma, (b) deleting the phrase “the Earnout)” and replacing it with the phrase “(i) the 2010 Earnout, (ii) the 2014 Earnout and (iii) the 2014 Acquisition Note”
and (b) adding “),” immediately after the phrase “amount of cash collateral by the lessor thereof”. 
 37. The
definition of “Foreign Lender” is hereby amended by deleting the phrase “the UK Borrower” and replacing it with the phrase “any UK Co-Borrower”. 

38. The definition of “Interest Expense” is hereby amended by adding the following sentence at the end thereof: 

“For the avoidance of doubt, no 2009 Notes Call Premium Expense or 2010 Notes Call Premium Expense shall be included in the calculation of
Interest Expense.”. 
 39. The definition of “Inventory” is hereby amended by (a) deleting the phrase “the
Company” and replacing it with the phrase “the Canadian Co-Borrowers” and (b) deleting the phrase “the UK Borrower” and replacing it with the phrase “the UK Co-Borrowers”. 

40. The definition of “LIBO Rate” is hereby amended by deleting the phrase “the British Bankers Association” and
replacing it with the phrase “ICE Benchmark Administration Limited”. 

  
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 41. The definition of “Material Indebtedness” is hereby amended by deleting the
phrase “the Earnout” and replacing it with the phrase “the 2010 Earnout, the 2014 Earnout, the 2014 Acquisition Note”. 

42. The definition of “Maturity Date” is hereby amended by (a) deleting the phrase “May 1, 2017 the 2009 Notes have
not been redeemed, repurchased or otherwise refinanced in full, May 15, 2017, (c) solely if at the close of business on” and (b) deleting the reference to clause “(d)” and replacing it with a reference to clause
“(c)”. 
 43. The definition of “Permitted Acquisition” is hereby amended by deleting the phrase “the
Earnout” and replacing it with the phrase “the 2010 Earnout”. 
 44. The definition of “Permitted Deferred
Compensation” is hereby amended by deleting the phrase “the APA” and replacing it with the phrase “the 2010 APA”. 

45. The definitions of “PP&E Amortization Amount (Adjusted Equipment)”, “PP&E Amortization Amount (Adjusted
Real Property)”, “PP&E Amortization Amount (Equipment)”, “PP&E Amortization Amount (Real Property)”, “PP&E Component”, “Qualified PP&E Appraisal
(Equipment)” and “Qualified PP&E Appraisal (Real Property)” are each hereby amended by adding the word “Original” immediately before each reference to the word “Borrower”. 

46. The definition of “Reaffirmation Agreements” is hereby deleted in its entirety and replaced with the following: 

““Reaffirmation Agreements” means the First Canadian Reaffirmation Agreement, the Second Canadian Reaffirmation
Agreement, the Third Canadian Reaffirmation Agreement, the UK Reaffirmation Deeds, the First U.S. Reaffirmation Agreement, the Second U.S. Reaffirmation Agreement and the Third U.S. Reaffirmation Agreement.”. 

47. The definition of “Report” is hereby amended by deleting each reference to the word “Borrower” and replacing
them with the phrase “Borrowing Base Contributor”. 
 48. The definition of “Reserves” is hereby amended by
deleting each reference to the phrase “the UK Borrower” and replacing them with the phrase “any UK Co-Borrower”. 
 49.
The second proviso to the definition of “Secured Obligations” is hereby amended by adding the word “Loan” immediately before each reference to the word “Guarantor”. 

50. The definition of “Swap Agreement” is hereby amended by deleting the first two references to the word
“Borrower” and replacing them with the word “Company”. 
 51. The definition of “Swap Obligation” is
hereby amended by adding the word “Loan” immediately before the reference to the word “Guarantor”. 
 52. The definition
of “Swingline Loan” is hereby amended by deleting the phrase “US Swingline Loan” and replacing it with the phrase “U.S. Swingline Loan”. 

  
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 53. The definition of “Tax Confirmation” is hereby amended by deleting the
phrase “the UK Borrower” and replacing it with the phrase “any UK Co-Borrower”. 
 54. The definition of “Treaty
State” is hereby amended by deleting the phrase “the Borrower’s” and replacing it with the phrase “such Borrower’s”. 

55. The definition of “UK Borrower” is hereby deleted. 

56. The definition of “UK Group” is hereby amended by deleting the phrase “UK Borrower and its” and replacing it
with the phrase “UK Co-Borrowers and their respective”. 
 57. The definition of “UK Issuing Bank” is hereby
amended by deleting the phrase “the UK Borrower” and replacing it with the phrase “any UK Co-Borrower”. 
 58. The
definition of “UK Letter of Credit Exposure” is hereby amended by deleting each reference to the phrase “the UK Borrower” and replacing them with the phrase “a UK Co-Borrower”. 

59. The definition of “UK Overadvance” is hereby amended by deleting the phrase “the UK Borrower” and replacing it
with the phrase “a UK Co-Borrower”. 
 60. The definition of “UK Protective Advance” is hereby amended by
deleting the phrase “the UK Borrower” and replacing it with the phrase “a UK Co-Borrower”. 
 61. The definition of
“UK Qualifying Lender” is hereby amended by (a) deleting the first reference to the phrase “the UK Borrower” and replacing it with the phrase “any UK Co-Borrower” and (b) deleting the second reference
to the phrase “the UK Borrower” and replacing it with the phrase “the UK Co-Borrowers”. 
 62. The definition of
“UK Reaffirmation Deeds” is hereby amended by (a) deleting the word “and” immediately before clause (ii) thereof and replacing it with a comma, and (b) adding at the end of such definition the phrase “,
(iii) the Reaffirmation Deed to UK Security Documents, dated as of the Amendment No. 4 Effective Date, by and between the Loan Parties party thereto and the UK Security Trustee and (iv) any and all UK Further Reaffirmation
Deeds”. 
 63. The definition of “UK Revolving Loan” is hereby amended by deleting the phrase “the UK
Borrower” and replacing it with the phrase “a UK Co-Borrower”. 
 64. The definition of “UK Security
Agreement” is hereby amended by (a) deleting the phrase “the UK Borrower” and replacing it with the phrase “Cott Beverages Limited, the other Loan Parties party thereto,” and (b) adding the phrase “, and
any other pledge or security agreement governed by the laws of England and Wales and entered into after the Effective Date by any Loan Party (or Restricted Subsidiary that becomes a Loan Party) as required by this Agreement or any other Loan
Document for the purpose of creating a Lien on the property of any such Person that is (a) organized in the United Kingdom or (b) has property located in the United Kingdom, in each case” immediately before the phrase “as the
same may be amended”. 

  
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 65. The definition of “U.S. Co-Borrowers” is hereby deleted in its entirety and
replaced with the following: 
 “U.S. Co-Borrowers” means Cott Beverages, Cliffstar LLC, and each Subsidiary of the Company
organized under the laws of any State of the United States or the District of Columbia that becomes a Borrower in accordance with Section 5.13(e). 

66. The definition of “U.S. Issuing Bank” is hereby amended by deleting the phrase “and their” immediately after
the phrase “the issuer of Letters of Credit for the account of a U.S. Co-Borrower”. 
 67. Section 1.01 of the Credit
Agreement is hereby amended by inserting the following new definitions in the appropriate alphabetical order: 
 (a) “2009 Notes
Call Premium Expense” means any purchase price premiums above par or any call premiums incurred in connection with the purchase or redemption by the Company of the 2009 Notes in an aggregate amount for all periods not to exceed $12,000,000.

 (b) “2010 APA” means that certain Asset Purchase Agreement, dated as of July 7, 2010, by and among the Company,
Caroline, Cliffstar Corporation, the Subsidiaries of Cliffstar Corporation party thereto (together with Target, the “Cliffstar Companies”), and Stanley A. Star, solely in his capacity as Sellers’ Representative. 

(c) “2010 Earnout” means the “Earnout Amount” as defined in the 2010 APA. 

(d) “2010 Notes Call Premium Expense” means any purchase price premiums above par or any call premiums incurred in
connection with the purchase or redemption by the Company of the 2010 Notes in an aggregate amount for all periods not to exceed $20,000,000. 

(e) “2014 Acquisition Note” means that certain Seller Loan Stock Instrument to be issued by Cott Ventures Limited to the
sellers under the Acquisition Agreement, namely David Drabble, Robert Unsworth, Glenn Hudson, Gary Unsworth, Ian Unsworth, Irene Unsworth, Jennifer Welsby, Jodie Lee Unsworth, Louise Anne Unsworth and Jacqueline Carol Unsworth, on the date of
“Completing” as defined in the 2014 SPA, which Seller Loan Stock Instrument shall be in form and substance reasonably satisfactory to the Administrative Agent. 

(f) “2014 Earnout” means the “Earn Out Consideration” as defined in the 2014 SPA; provided that the
aggregate amount of the 2014 Earnout shall not exceed £16,000,000. 
 (g) “2014 Earnout Calculated Amount” means
(a) initially, the good faith estimated amount of the 2014 Earnout calculated by the Company and delivered to the 

  
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Administrative Agent pursuant to clause (a) of the definition of Permitted Acquisition, and (b) thereafter, the good faith estimated amount of the 2014 Earnout reflected on the
Company’s quarterly and annual financial statements delivered pursuant to Section 5.01(a) and (b) (or otherwise reported to the Administrative Agent in writing at such time), in each case representing the amount for such earnout
required to be reserved in accordance with GAAP in respect of the Acquisition Consideration under the 2014 SPA at such time. 
 (h)
“2014 SPA” means that certain Share Purchase Agreement, to be dated on or about May 30, 2014, by and among David Drabble, Robert Unsworth, Glenn Hudson, Gary Unsworth, Ian Unsworth, Irene Unsworth, Jennifer Welsby, Jodie Lee
Unsworth, Louise Anne Unsworth and Jacqueline Carol Unsworth, Cott Ventures Limited, the Company and Cott Beverages Limited, which Share Purchase Agreement shall be in form and substance reasonably satisfactory to the Administrative Agent. 

(i) “Amendment No. 4” means Amendment No. 4 to Credit Agreement, dated as of May 28, 2014, among the Loan
Parties party thereto, the Lenders party thereto, and the Administrative Agent. 
 (j) “Amendment No. 4 Effective
Date” has the meaning assigned to such term in Amendment No. 4. 
 (k) “Borrower Joinder Agreement” has the
meaning assigned to such term in Section 5.13(e). 
 (l) “Borrowing Base Contributor” means each Borrower and each
Borrowing Base Guarantor. 
 (m) “Borrowing Base Guarantor” means (a) as of the Amendment No. 4 Effective Date,
none of the Loan Guarantors and (b) thereafter, any Loan Guarantor that is not a Borrower that (i) delivers a Borrowing Base Guarantor designation notice to the Administrative Agent in accordance with Section 5.13(f), (ii) is
organized under the laws of any State of the United States or the District of Columbia, Canada, or England and Wales, (iii) is able to prepare all collateral reports in a comparable manner to the Company’s reporting procedures or otherwise
in a manner reasonably acceptable to the Administrative Agent and (iv) has executed and delivered to the Administrative Agent such Loan Documents as the Administrative Agent has reasonably requested (all of which shall be in form and substance
reasonably acceptable to, and provide a level of security acceptable to, the Administrative Agent in its Permitted Discretion), so long as the Administrative Agent has received and approved, in its Permitted Discretion, (A) a field examination
and appraisal conducted by an appraiser selected and engaged by the Administrative Agent and prepared on a basis satisfactory to the Administrative Agent and each Collateral Agent, in each case at the Borrowers’ sole cost and expense (one such
appraisal and one such field examination for each such set of assets shall be excluded from the limitation on such appraisals and field examinations at the expense of the Borrowers as provided in Section 5.11); provided that, solely in
the case of Inventory located in the United States and Accounts, in each case owned by a Borrowing Base Guarantor organized under applicable laws of the United States, any state thereof or the District of Columbia, the Administrative Agent and the
Collateral Agents may, in their Permitted Discretion, determine to include the Eligible Accounts and Eligible Inventory of such Person in the Borrowing Base prior to the Administrative Agent’s 

  
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receipt of such appraisal and field examination to the extent permitted in accordance with the second proviso to the definition of Borrowing Base, (B) all UCC or other search results
reasonably requested by the Administrative Agent that are necessary to confirm the Administrative Collateral Agent’s Lien on all of such Borrowing Base Guarantor’s personal property, and (C) such certificates and other documentation
as the Administrative Agent may reasonably request. 
 (n) “Canadian Co-Borrowers” means the Company and each Subsidiary
of the Company organized under the laws of Canada that becomes a Borrower in accordance with Section 5.13(e). 
 (o)
“Designated Companies” means Cooke Bros Holdings Limited, Cooke Bros. (Tattenhall) Limited, Calypso Soft Drinks Limited, TT Calco Limited, Mr. Freeze (Europe) Limited, Aimia Foods Holdings Limited, Aimia Foods Limited, Aimia
Foods Group Limited, Stockpack Limited, and Aimia Foods EBT Company Limited. 
 (p) “Original Borrower” means a Person
that was a Borrower on the Amendment No. 4 Effective Date, to the extent such Person remains a Borrower hereunder. 
 (q)
“Replacement Indenture” means any agreement or indenture governing any refinancing or replacement of the 2010 Indenture or supplement thereto to the extent such refinancing, replacement or supplement is permitted in accordance with
the terms of Section 6.01(h). 
 (r) “Replacement Note Documents” means the Replacement Indenture, the Replacement
Notes, and any notes, agreements, indentures or other documents relating thereto or executed in connection therewith. 
 (s)
“Replacement Notes” means the notes issued under the Replacement Indenture. 
 (t) “Third Canadian Reaffirmation
Agreement” means the Canadian law governed Reaffirmation Agreement, dated as of the Amendment No. 4 Effective Date, by and between the Loan Parties party thereto and the Administrative Collateral Agent, for the benefit of the
Administrative Agent, the Collateral Agents and the Lenders. 
 (u) “Third U.S. Reaffirmation Agreement” means the U.S.
law governed Reaffirmation Agreement, dated as of the Amendment No. 4 Effective Date, by and between the Loan Parties party thereto and the Administrative Collateral Agent, for the benefit of the Administrative Agent, the Collateral Agents and
the Lenders. 
 (v) “UK Co-Borrowers” means Cott Beverages Limited, a company organized under the laws of England and
Wales, and each Subsidiary of the Company organized under the laws of England and Wales that becomes a Borrower in accordance with Section 5.13(e). 

(w) “UK Further Reaffirmation Deeds” means any and all further Reaffirmation Deeds to UK Security Documents by and between
the Loan Parties party thereto and the UK Security Trustee entered into from time to time after the Effective Date, in each case in accordance with and as provided under Section 5.13. 

  
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 68. Section 2.01 of the Credit Agreement is hereby amended by (a) deleting the first
reference to the phrase “the Company” and replacing it with the phrase “the Canadian Co-Borrowers, on a joint and several basis”, (b) deleting the first reference to the phrase “the UK Borrower” and replacing it
with the phrase “the UK Co-Borrowers, on a joint and several basis” and (c) in the second sentence thereof, deleting the phrase “the Company, the UK Borrower” and replacing it with the phrase “the Canadian Co-Borrowers,
the UK Co-Borrowers”. 
 69. Section 2.02(b) of the Credit Agreement is hereby amended by (a) deleting each reference to the
phrase “the UK Borrower” and replacing it with the phrase “a UK Co-Borrower”, (b) deleting each reference to the phrase “the Canadian Borrower” and replacing it with the phrase “a Canadian Co-Borrower”,
(c) deleting the phrase “US Swingline Loan” and replacing it with the phrase “U.S. Swingline Loan” and (d) deleting the phrase “the Company” and replacing it with the phrase “a Canadian Co-Borrower”.

 70. Section 2.02(e) of the Credit Agreement is hereby amended by (a) deleting the phrase “the Company” and replacing
it with the phrase “the Canadian Co-Borrowers” and (b) deleting the phrase “the UK Borrower” and replacing it with the phrase “the UK Co-Borrowers”. 

71. Section 2.03 of the Credit Agreement is hereby amended by (a) deleting each reference to the phrase “the UK Borrower”
and replacing it with the phrase “a UK Co-Borrower”, (b) deleting each reference to the phrase “the Company” and replacing it with the phrase “a Canadian Co-Borrower”. 

72. Section 2.04 of the Credit Agreement is hereby amended by (a) deleting the phrase “the Company in dollars or Canadian
Dollars and to the U.K. Borrower” and replacing it with the phrase “the Canadian Co-Borrowers, jointly and severally, in dollars or Canadian Dollars, and to the UK Co-Borrowers, jointly and severally,” and (b) deleting each
reference to the phrase “the UK Borrower” and replacing it with the phrase “a UK Co-Borrower”. 
 73.
Section 2.05(a)(ii) of the Credit Agreement is hereby amended by (a) deleting the first reference to the phrase “the Company” and replacing it with the phrase “the Canadian Co-Borrowers”, (b) deleting the second
reference to the phrase “the Company” and replacing it with the phrase “such Canadian Co-Borrower” and (c) deleting the second reference to the phrase “to the Company”. 

74. Section 2.05(a)(iii) of the Credit Agreement is hereby amended by (a) deleting the first reference to the phrase “the UK
Borrower” and replacing it with the phrase “a UK Co-Borrower”, (b) deleting the phrase “the UK Borrower (or the UK Borrower requests such Borrowing)” and replacing it with the phrase “the UK Co-Borrowers (or Cott
Beverages Limited requests such Borrowing)” and (c) deleting the third reference to the phrase “the UK Borrower” and replacing it with the phrase “such UK Co-Borrower”. 

75. Section 2.05(b) of the Credit Agreement is hereby amended by (a) deleting the phrase “the UK Borrower and Canadian
Revolving Loans to the Company” and replacing it 

  
 12 

 
with the phrase “the UK Co-Borrowers, jointly and severally, and Canadian Revolving Loans to the Canadian Co-Borrowers, jointly and severally”, (b) deleting the second reference to
the phrase “the Company” and replacing it with the phrase “the Canadian Co-Borrowers” and (c) deleting the second reference to the phrase “the UK Borrower” and replacing it with the phrase “the UK
Co-Borrowers”. 
 76. Section 2.06(e) of the Credit Agreement is hereby amended by (a) deleting the reference to the phrase
“the Borrower’s” and replacing it with the phrase “the Borrowers’”, and (b) deleting each reference to the phrase “the UK Borrower” and replacing it with the phrase “a UK Co-Borrower”. 

77. Section 2.06(h) of the Credit Agreement is hereby amended by deleting the phrase “US Issuing Bank” and replacing it with
the phrase “U.S. Issuing Bank”. 
 78. Section 2.09(f)(i) of the Credit Agreement is hereby deleted in its entirety and
replaced with the following: 
 “(i) certifying that such increase is permitted by the 2010 Indenture (if the same is then
outstanding), or by the terms of any Replacement Indenture (if the same is then outstanding) and, with respect to any such increase, assuming a borrowing of the maximum amount of loans available under such increase together with any increases
previously made pursuant to the terms of this Agreement, and certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and”. 

79. Section 2.11(c) of the Credit Agreement is hereby amended by (a) deleting each reference to the phrase “redeem or
repurchase 2009 Notes or 2010 Notes” and replacing them with the phrase “redeem or repurchase 2010 Notes or Replacement Notes”, (b) deleting the phrase “2009 Notes or 2010 Notes shall be deemed” and replacing it with
the phrase “2010 Notes or Replacement Notes shall be deemed”, (c) deleting the phrase “2009 Indenture or 2010 Indenture” and replacing it with the phrase “2010 Indenture or Replacement Indenture” and
(d) deleting the phrase “the applicable 2009 Notes or 2010 Notes” and replacing it with the phrase “the applicable 2010 Notes or Replacement Notes”. 

80. Section 2.11(e) of the Credit Agreement is hereby amended by deleting the phrase “US Swingline Loans” and replacing it with
the phrase “U.S. Swingline Loans”. 
 81. Section 2.14(a)(i) of the Credit Agreement is hereby amended by deleting the phrase
“Interploated Rate” and replacing it with the phrase “Interpolated Rate”. 
 82. Section 2.17 of the Credit
Agreement is hereby amended (a) in clause (a) thereof, by (i) deleting the phrase “A Borrower is not” and replacing it with the phrase “A UK Co-Borrower is not”, and (ii) deleting the phrase “Section 2.17
above” and replacing it with the phrase “this Section 2.17”, (b) other than in clauses (a)(ii), (a)(ii), (i) and (o) thereof, by deleting each reference to the phrase “the UK Borrower” and replacing them
with the phrase “the UK Co-Borrowers”, (c) in clauses (a)(ii) and (a)(iii) thereof, by deleting each reference to the phrase “the UK Borrower” and replacing them with the phrase “the relevant UK Co-Borrower”,
(d) in clause (o) thereof, by deleting the phrase “UK Borrower” and replacing it with the phrase “UK Co-Borrower”, 

  
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(e) by deleting each reference to “W-8BEN” in Section 2.17(h)(ii)(B) and replacing them with the phrase, (i) in the case of clause (1), “W-8BEN or W-8BEN-E, as
applicable,” and (ii) in the case of clauses (3) and (4), “W-8BEN or W-8BEN-E, as applicable”, and (f) deleting clause (i) thereof in its entirety and replacing it with the following: 

“(i) Additional United Kingdom Withholding Tax Matters. (i) Subject to clauses (ii) and (iii) below, a Treaty Lender
and each UK Co-Borrower which makes a payment to which that Treaty Lender is entitled shall co-operate in completing any procedural formalities necessary for that UK Co-Borrower to obtain authorization to make that payment without withholding or
deduction for Taxes imposed under the laws of the United Kingdom; (ii)(A) a Treaty Lender which becomes a Treaty Lender on the day on which this Agreement is entered into that holds a passport under the HMRC DT Treaty Passport scheme, and which
wishes that scheme to apply to this Agreement, shall provide its scheme reference number and its jurisdiction of tax residence to the UK Co-Borrowers and the Administrative Agent; and (B) a Treaty Lender which becomes a Treaty Lender hereunder
after the day on which this Agreement is entered into that holds a passport under the HMRC DT Treaty Passport scheme, and which wishes that scheme to apply to this Agreement, shall provide its scheme reference number and its jurisdiction of tax
residence to the UK Co-Borrowers and the Administrative Agent, and, having done so, that Treaty Lender shall be under no further obligation pursuant to paragraph (h)(i) and (i)(i) above; (iii) nothing in paragraph (i) above shall require a
Treaty Lender to: (A) register under the HMRC DT Treaty Passport scheme; (B) apply the HMRC DT Treaty Passport scheme to any Borrowings if it has so registered; or (C) file Treaty forms if it has included an indication to the effect
that it wishes the HMRC DT Treaty Passport scheme to apply to this Agreement in accordance with paragraph (i)(ii) above and the UK Co-Borrowers making that payment have not complied with their obligations under paragraph (i)(iv) below; (iv) if
a Treaty Lender has confirmed its scheme reference number and its jurisdiction of tax residence in accordance with paragraph (i)(ii) above the relevant UK Co-Borrowers shall make a Borrower DTTP filing, and where (1) that Borrower DTTP Filing
has been rejected by HM Revenue & Customs; or (2) HM Revenue & Customs has not given the relevant UK Co-Borrowers authority to make payments to that Treaty Lender without a deduction for tax within 60 days of the date of the
Borrower DTTP Filing, and, in each case, the relevant UK Co-Borrowers have notified that Treaty Lender in writing, that Treaty Lender and the relevant UK Co-Borrower shall co-operate in completing any additional procedural formalities necessary for
that UK Co-Borrower to obtain authorization to make that payment without withholding or deduction for Taxes imposed under the laws of the United Kingdom; (v) if a Lender has not confirmed its scheme reference number and jurisdiction of tax
residence in accordance with paragraph (i)(ii) above, no UK Co-Borrower shall make a Borrower DTTP Filing or file any other form relating to the HMRC DT Treaty Passport scheme in respect of that Lender’s Commitment(s) or its participation in
any Loan unless the Lender otherwise agrees; (vi) a UK Co-Borrower shall, promptly on making a Borrower DTTP Filing, deliver a copy of that Borrower DTTP Filing to the Administrative Agent 

  
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for delivery to the relevant Treaty Lender; and (vii) a Treaty Lender shall notify the UK Co-Borrowers and Administrative Agent if it determines in its sole discretion that it ceases to be
entitled to claim the benefits of an income tax treaty to which the United Kingdom is a party with respect to payments made by the UK Co-Borrowers hereunder.”. 

83. Section 2.18(a) of the Credit Agreement is hereby amended by deleting the phrase “the UK Borrower” and replacing it with
the phrase “the UK Co-Borrowers”. 
 84. Section 2.19(b) of the Credit Agreement is hereby amended by (a) deleting each
reference to the phrase “the Borrower” and replacing them with the phrase “the Borrowers” and (b) deleting the phrase “at its sole expense” and replacing it with the phrase “at their sole expense”. 

85. Section 2.21 of the Credit Agreement is hereby amended (a) in clause (c)(iii) thereof, by deleting the phrase “the
Borrower” and replacing it with the phrase “the Borrowers” and (b) in clause (e) thereof, by deleting the phrase “the Borrower” and replacing it with the phrase “each Borrower”. 

86. Section 2.22 of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 

“Section 2.22 Joint and Several Liability. Each Borrower is accepting joint and several liability with the other Borrowers
hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Administrative Agent, the Collateral Agents, the Issuing Banks and the Lenders under this Agreement, for the mutual benefit, directly
and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations of each Borrower. Each Borrower, jointly and severally, hereby irrevocably and unconditionally
accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this Section 2.22), it
being the intention of the parties hereto that all the Obligations of the Borrowers shall be the joint and several obligations of each Borrower without preferences or distinction among them. If and to the extent that any Borrower shall fail to make
any payment with respect to any of the Obligations as and when due or to perform any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such
Obligation. The Obligations of each Borrower under the provisions of this Section 2.22 constitute the absolute and unconditional, full recourse Obligations of each Borrower enforceable against each such Borrower to the full extent of its
properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstances whatsoever. Nothing contained in this Section 2.22 shall effect the obligations of any Borrower or any other Loan
Party under any other provision of this Agreement (including Article X hereof) or any other Loan Document.”. 

  
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 87. Section 3.09 of the Credit Agreement is hereby amended by deleting each reference to the
phrase “the UK Borrower” and replacing them with the phrase “Cott Beverages Limited”. 
 88. Section 3.10(c) of the
Credit Agreement is hereby amended by deleting the phrase “Neither the UK Borrower nor any of its Subsidiaries” and replacing it with the phrase “None of the UK Co-Borrowers or any of their respective Subsidiaries”. 

89. Section 3.16(c) of the Credit Agreement is hereby amended by deleting the phrase “UK Borrower” and replacing it with the
phrase “UK Co-Borrower”. 
 90. Section 3.19 of the Credit Agreement is hereby deleted in its entirety and replaced with the
following: 
 “Section 3.19 2010 Note Documents and Replacement Note Documents. The Borrowers have delivered to the
Administrative Agent true, complete and correct copies of the 2010 Note Documents (including all schedules, exhibits and annexes thereto), and within two Business Days of the effectiveness thereof (or such later date as the Administrative Agent may
agree in its Permitted Discretion), shall have delivered to the Administrative Agent true, complete and correct copies of each of the Replacement Note Documents (including all schedules, exhibits and annexes thereto). The Loans and all other Secured
Obligations of the Loan Parties under this Agreement and each of the other Loan Documents are permitted to be incurred under the 2010 Note Documents or, upon the effectiveness thereof, the Replacement Note Documents. This Agreement is within the
definition of “Credit Agreement” (or similar defined term) under the 2010 Note Documents or, upon the effectiveness thereof, the Replacement Note Documents.”. 

91. Section 3.20 of the Credit Agreement is hereby amended by deleting the phrase “the UK Borrower’s” and replacing it
with the phrase “each UK Co-Borrower’s”. 
 92. Section 4.01(a) of the Credit Agreement is hereby amended by deleting
the phrase “UK Loan Parties” and replacing it with the phrase “Loan Parties organized under the laws of England and Wales”. 

93. Section 4.01(u) of the Credit Agreement is hereby amended by deleting the phrase “the UK Borrower” and replacing it with
the phrase “Cott Beverages Limited”. 
 94. Section 4.01(y) of the Credit Agreement is hereby amended by deleting each
reference to the phrase “the APA” and replacing them with the phrase “the 2010 APA”. 
 95. Section 4.01(aa) of the
Credit Agreement is hereby amended by deleting the phrase “the APA” and replacing it with the phrase “the 2010 APA”. 

96. Section 4.02(d) of the Credit Agreement is hereby amended by deleting the phrase “each of the 2009 Indenture and the 2010
Indenture” and replacing it with the phrase “the 2010 Indenture or the Replacement Indenture”. 

  
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 97. Section 4.02(e) of the Credit Agreement is hereby amended by (a) in clause
(i) thereof, deleting the phrase “the 2009 Indenture and the 2010 Indenture” and replacing it with the phrase “the 2010 Indenture or the Replacement Indenture” and (b) in clause (ii) thereof, (i) deleting the
phrase “each of the 2009 Indenture and”, and (ii) deleting the phrase “refinancing or replacement agreement” and replacing it with the phrase “Replacement Indenture”. 

98. Section 5.02(e) of the Credit Agreement is hereby amended by inserting the word “Representative” immediately after the word
“Borrower”. 
 99. Section 5.04 of the Credit Agreement is hereby amended by (a) deleting the phrase “the
Earnout” and replacing it with the phrase “the 2010 Earnout, the 2014 Earnout” and (b) deleting the phrase “the Earnout, pursuant to the terms of the APA” and replacing it with the phrase “the 2010 Earnout,
pursuant to the terms of the 2010 APA and in the case of the 2014 Earnout, pursuant to the terms of the 2014 SPA”. 
 100.
Section 5.07(c) of the Credit Agreement is hereby amended by (a) deleting the first reference to the phrase “The UK Borrower” in each of clauses (i) through (v) thereof and the second reference to the phrase “The
UK Borrower” in clause (v) thereof and replacing them with the phrase “Each UK Co-Borrower”, (b) deleting each other reference to the phrase “the UK Borrower” in clauses (i) and (iii) thereof and
replacing them with the phrase “such UK Co-Borrower” and (c) deleting the phrase “U.K. Pension Plan” and replacing it with the phrase “UK Pension Scheme”. 

101. Section 5.11 of the Credit Agreement is hereby amended by adding the following sentence at the end thereof: 

“Notwithstanding anything to the contrary in this Section 5.11, one field examination and one appraisal for each new set of assets,
each new Borrower and each new Borrowing Base Guarantor conducted pursuant to Sections 5.13(e) or (f) or the definitions of Borrowing Base or Borrowing Base Guarantor, as applicable, shall not be considered in any limitation on such
appraisals and field examinations at the expense of the Borrowers as provided in this Section 5.11.”. 
 102. Section 5.12 of
the Credit Agreement is hereby amended by deleting the phrase “UK Collateral Trustee” and replacing it with the phrase “UK Security Trustee”. 

  
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 103. Section 5.13 of the Credit Agreement is hereby amended (a) in
clause (a)(i)(A) thereof, by (i) deleting the phrase “the Joinder Agreement set forth as Exhibit D hereto” and replacing it with the phrase “a Joinder Agreement substantially in the form set forth as Exhibit D
hereto or in such other form as the Administrative Agent may agree in its sole discretion” and (ii) deleting the phrase “the UK Borrower” and replacing it with the phrase “any UK Co-Borrower”, (b) in clause
(a)(ii)(x) thereof, by (i) deleting the phrase “the Joinder Agreement” and replacing it with the phrase “a Joinder Agreement” and (ii) deleting the phrase “the UK Borrower” and replacing it with the phrase
“any UK Co-Borrower”, (c) in clause (a)(iii)(x) thereof, by deleting the phrase “the Joinder Agreement” and replacing it with the phrase “a Joinder Agreement”, (d) in clause (ii) of the last sentence
of clause (a) thereof, by adding the phrase “(including, to the extent required, pursuant to a Further UK Reaffirmation Deed)” immediately after the phrase “property of such Loan Party which constitutes Collateral”, and
(e) by adding the following at the end of Section 5.13: 
 “(e) In connection with (x) a Permitted Acquisition or any
other Investment permitted under Section 6.04, (y) the formation of a Restricted Subsidiary of the Company, or (z) any existing Loan Guarantor, each Borrower and each Subsidiary that is a Loan Party may designate in a written notice
to the Administrative Agent that it intends for the Restricted Subsidiary so formed or acquired or such Loan Guarantor to become a Borrower hereunder, which notice shall include the full legal name of such Person and such Person’s jurisdiction
of organization, and shall be delivered at least 30 days prior to the date such Person is intended to become a Borrower; provided that no such Restricted Subsidiary or Loan Guarantor shall be designated as a Borrower if it is organized under
the laws of a jurisdiction other than any State of the United States or the District of Columbia, Canada, or England and Wales. The Borrower Representative shall provide the Administrative Agent with all documentation and other information with
respect to such Restricted Subsidiary or Loan Guarantor that is required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including, without limitation, the USA Patriot Act,
in a manner reasonably satisfactory to the Administrative Agent prior to such Restricted Subsidiary or Loan Guarantor becoming a Borrower hereunder. The Loan Parties shall cause such Restricted Subsidiary or Loan Guarantor to comply with each of the
requirements set forth in Section 5.13(a) through (d) mutatis mutandis; provided that for the purpose of this Section 5.13(e), any reference in Section 5.13 to a Person becoming a Loan Guarantor shall also be a
reference to such Person becoming a Borrower, and the Joinder Agreement executed by such Person pursuant to Section 5.13(a) shall be in form and substance reasonably satisfactory to the Administrative Agent, including such modifications as the
Administrative Agent reasonably deems necessary or advisable in order to ensure that such Person becomes a Borrower for all purposes under the Loan Documents (the “Borrower Joinder Agreement”). Upon execution and delivery of such
Borrower Joinder Agreement and all other documents requested by the Administrative Agent or required to be delivered pursuant to Section 5.13 (including, to the extent required, a UK Further Reaffirmation Deed), such Person shall be deemed to
be a Borrower for all purposes under this Agreement and the other Loan Documents; provided that, if such Person is not a Borrowing Base Guarantor at the time it becomes a Borrower, prior to the inclusion of such Person’s assets in the
Borrowing Base the Administrative Agent shall have received an appraisal and field examination in respect of such assets conducted by an appraiser selected and engaged by the Administrative Agent and prepared on a basis satisfactory to the
Administrative Agent and each Collateral Agent, in each case at the Borrowers’ sole cost and expense (one such appraisal and one such field examination for each such set of assets shall be excluded from the limitation on such appraisals and
field examinations at the expense of the Borrowers as provided in Section 5.11); provided, further, that, solely in the case of Inventory located in the United States and Accounts, in each case owned by a Borrowing Base
Contributor organized under applicable laws of the United States, any state 

  
 18 

 
thereof or the District of Columbia, the Administrative Agent and the Collateral Agents may, in their Permitted Discretion, determine to include the Eligible Accounts and Eligible Inventory of
such Person in the Borrowing Base prior to the Administrative Agent’s receipt of such appraisal and field examination to the extent permitted in accordance with the second proviso to the definition of Borrowing Base. 

(f) At any time after a Restricted Subsidiary becomes a Loan Guarantor pursuant to the terms of this Agreement, the Borrower Representative may
designate such Loan Guarantor as a Borrowing Base Guarantor by delivering a written notice of such designation to the Administrative Agent and complying with the requirements set forth in the definition of Borrowing Base Guarantor. Following
delivery of such notice and satisfaction of such requirements, such Loan Guarantor shall be considered a Borrowing Base Guarantor for all purposes under this Agreement unless and until the Borrower Representative gives the Administrative Agent a
written notice declaring that such Loan Guarantor is no longer a Borrowing Base Guarantor.”. 
 104. Section 5.14 of the Credit
Agreement is hereby amended (a) in clause (i) of the proviso thereto, by adding the phrase “(other than the Borrowers)” immediately after the phrase “England and Subsidiaries” and (b) in clause (iv) thereof,
by (i) deleting the phrase “the 2009 Note Documents or” and (ii) adding the phrase “or any Replacement Note Documents” immediately after the phrase “2010 Note Documents”. 

105. Section 6.01(d) of the Credit Agreement is hereby amended by deleting the word “Earnout” and replacing it with the phrase
“2010 Earnout”. 
 106. Section 6.01(f) of the Credit Agreement is hereby amended by deleting the phrase “the 2009 Notes
and the 2010 Notes” and replacing it with the phrase “the 2010 Notes and the Replacement Notes”. 
 107. Section 6.01(h)
of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 
 “(h) Indebtedness which represents an
extension, refinancing, replacement, supplement, or renewal of any of the Indebtedness described in clauses (b), (c), (k), (l) and (q) hereof; provided that, (i) the principal amount of such
Indebtedness is not increased except by an amount equal to unpaid accrued interest and premium thereon and any make-whole payments applicable thereto plus reasonable fees and expenses reasonably incurred with respect to such refinancing and by an
amount equal to any existing unutilized commitments thereunder; provided that, solely with respect to an extension, refinancing, replacement, supplement, or renewal of the 2010 Notes described in Section 6.01(c) in one transaction or a
series of transactions, including through any follow-on or greenshoe offering commenced within 2 months of any replacement, extension or supplement thereof, the aggregate principal amount of such extended, refinanced, replaced, supplemented or
renewed Indebtedness in respect of the 2010 Notes and any supplements thereto may be increased from $375,000,000 to an aggregate 

  
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principal amount not to exceed $550,000,000, (ii) any Liens securing such Indebtedness are not extended to any additional property of any Loan Party or any of their respective Restricted
Subsidiaries (and any Replacement Notes shall be unsecured), (iii) no Loan Party or Restricted Subsidiary of any Loan Party that is not originally obligated with respect to repayment of such Indebtedness is required to become obligated with
respect thereto (which, for the sake of clarity, (x) would not preclude the inclusion of additional Subsidiaries that are created or acquired after the date such Indebtedness is incurred to the extent that such Subsidiary would have been
required to become obligated on the refinanced Indebtedness and (y) solely with respect to an extension, refinancing, replacement or renewal of, or supplement to, the Indebtedness permitted under Section 6.01(c), such Indebtedness may be
guaranteed on an unsecured basis under the terms of the Replacement Note Documents by one or more Loan Parties, for so long as each such Person remains a Loan Party hereunder), (iv) such extension, refinancing, supplement, or renewal does not
result in a shortening of the average weighted maturity of the Indebtedness so extended, refinanced or renewed, (v) the terms of any such extension, refinancing, supplement, or renewal (taken as a whole) are not less favorable to the obligor
thereunder than the original terms of such Indebtedness (taken as a whole); provided that pricing and any premiums for any such extension, refinancing, supplement, or renewal shall be on customary market terms at such time for Indebtedness of
such type, (vi) if the Indebtedness that is refinanced, supplemented, renewed, or extended was subordinated in right of payment to the Secured Obligations, then the terms and conditions of the refinancing, supplement, renewal, or extension
Indebtedness must include subordination terms and conditions that are at least as favorable to the Administrative Agent and the Lenders as those that were applicable to the refinanced, supplemented, renewed, or extended Indebtedness, and
(vii) solely with respect to an extension, refinancing, replacement, supplement or renewal of the Indebtedness permitted under Section 6.01(c), the stated maturity of such Indebtedness is no earlier than, and the terms of such Indebtedness
shall not provide for any mandatory prepayments, scheduled amortization, principal or sinking fund payments prior to, the date that is 6 months after the latest possible Maturity Date;”. 

108. Section 6.01(l) of the Credit Agreement is hereby amended by adding the phrase “(i) $10,000,000 at any time outstanding prior
to the repayment in full of the 2014 Acquisition Note or (ii) following repayment in full of the 2014 Acquisition Note,” immediately after the phrase “in an aggregate principal amount not exceeding”. 

109. Section 6.01(m) of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 

“(m) [reserved;]”. 

110. Section 6.01(q) of the Credit Agreement is hereby amended by deleting the word “and”. 

  
 20 

 111. Section 6.01(r) of the Credit Agreement is hereby deleted in its entirety and replaced
with the following: 
 “(r) earnouts (other than the 2010 Earnout) constituting Acquisition Consideration in connection with Permitted
Acquisitions in an aggregate amount not to exceed (i) prior to the payment in full of the 2014 Earnout, £16,000,000 or (ii) following payment in full of the 2014 Earnout, $30,000,000 at any time outstanding; provided that,
prior to the payment in full of the 2014 Earnout, such earnout shall be deemed to be outstanding in the aggregate amount of £16,000,000; provided, further, that so long as the aggregate amount of all such earnouts outstanding at
such time exceeds $10,000,000, a Reserve shall be established by the Collateral Agents in an amount equal to (A) following the payment in full of the 2014 Earnout, the difference of (y) the aggregate amount of all such earnouts outstanding
at such time, as determined by the Administrative Agent in its Permitted Discretion minus (z) $10,000,000 or (B) prior to the payment in full of the 2014 Earnout, the result of (y) (1) the 2014 Earnout Calculated Amount at
such time minus the amount of Sterling that would be required to purchase $10,000,000 based on the Spot Selling Rate at any time as determined by the Administrative Agent in its Permitted Discretion, divided by (2) 6,
multiplied by (z) the number of fiscal quarters commenced since (and including) January 1, 2015; and”. 
 112.
Section 6.01 of the Credit Agreement is hereby amended by adding the following at the end thereof: 
 “(s) unsecured Indebtedness
of Cott Ventures Limited under the 2014 Acquisition Note constituting Acquisition Consideration in connection with the 2014 SPA, in an aggregate principal amount not to exceed £20,000,000.”. 

113. Section 6.03 of the Credit Agreement is hereby amended by (a) replacing each semicolon that appears immediately before clauses
(iii) and (iv) thereof and replacing them with a comma, (b) deleting clause (iv)(y) thereof in its entirety together with the word “and” immediately preceding the reference to such clause (y) and replacing it with
the phrase “, (y) if the Company merges, amalgamates or consolidates with a UK Co-Borrower or a Canadian Co-Borrower, the Company is the surviving entity, and (z) if Cott Beverages Limited merges, amalgamates or consolidates with a UK
Co-Borrower, Cott Beverages Limited is the surviving entity,” and (c) adding “, and” immediately before clause (vi) thereof. 

114. Sections 6.04(c), (d) and (e) of the Credit Agreement are each hereby amended by deleting each reference to the amount
“$75,000,000” and replacing them with the amount “$50,000,000”. 
 115. Section 6.04(c) of the Credit Agreement is
hereby amended by deleting the phrase “their respective Subsidiaries,” immediately before the phrase “provided that (A)” and replacing it with the phrase “Subsidiaries of the foregoing;”. 

  
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 116. Section 6.04(l) of the Credit Agreement is hereby amended by adding the following
phrase immediately after the phrase “may not make any Permitted Acquisition unless (x)”: 
 “(1) in the case of the
acquisition contemplated by the 2014 SPA, Borrowers’ Aggregate Availability on the date of such investment (after giving effect to such Permitted Acquisition) is at least $50,000,000 or (2) in any other case,”. 

117. Section 6.04(n) of the Credit Agreement is hereby amended by deleting the phrase “the 2009 Notes and the 2010 Notes” and
replacing it with the phrase “the 2010 Notes and the Replacement Notes”. 
 118. Section 6.04(o) of the Credit Agreement is
hereby amended by deleting the phrase “6.0l(n)” and replacing it with the phrase “6.01(n)”. 
 119. Section 6.04(p)
of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 
 “(p) loans and advances to members of the
Cott Mexican Group, provided that (A) no such loans or advances shall be made if Aggregate Availability (at such time and after giving effect to such loans and advances) is less than $37,500,000, (B) such loans and advances made
after the Amendment No. 3 Effective Date shall not exceed $10,000,000 in the aggregate if Aggregate Availability (at such time and after giving effect to such loans and advances) is at least $37,500,000 but less than $50,000,000, (C) such
loans and advances made after the Amendment No. 3 Effective Date shall not exceed $20,000,000 in the aggregate if Aggregate Availability (at such time and after giving effect to such loans and advances) is at least $50,000,000, (D) any
such loans and advances shall be evidenced by a promissory note in the form and substance satisfactory to the Administrative Agent pledged pursuant to the applicable Security Agreement and (E) no such loans and advances shall be permitted to be
made at any time an Event of Default has occurred and is continuing;”. 
 120. Section 6.04(t) of the Credit Agreement is hereby
amended by deleting from clause (iii) thereof the phrase “they type” and replacing it with the phrase “the type”. 

121. Section 6.04(v) of the Credit Agreement is hereby amended by deleting the word “and” at the end thereof. 

122. Section 6.04(w) of the Credit Agreement is hereby amended by adding the word “and” immediately after the semicolon at the
end thereof. 
 123. Section 6.04 of the Credit Agreement is hereby amended by adding the following phrase immediately before the
proviso at the end of such Section: 
 “(x) investments by Aimia Foods Limited in 11,238 ordinary shares of Associated Coffee Merchants
(International) Limited.”. 

  
 22 

 124. The proviso at the end of Section 6.04 of the Credit Agreement is hereby amended by
adding the phrase “solely for the purpose of this Section 6.04,” immediately before the phrase “the “Recipient””. 

125. The proviso at the end of Section 6.05 of the Credit Agreement is hereby amended by deleting the phrase “the UK Borrower”
and replacing it with the phrase “any UK Co-Borrower”. 
 126. Section 6.09(b) of the Credit Agreement is hereby amended
(a) in clause (ii) thereof, by adding the phrase “(other than Indebtedness permitted by Section 6.01(s))” immediately after the phrase “any Indebtedness”, (b) in clause (iii) thereof, by adding the phrase
“(other than Indebtedness permitted by Section 6.01(s))” immediately after the phrase “any Indebtedness”, (c) in clause (vi) thereof, by adding the phrase “permitted by Section 6.01(s) or”
immediately after the phrase “other than Indebtedness”, (d) in clause (ix) thereof, by (i) deleting the phrase “2009 Notes or 2010 Notes” and replacing it with the phrase “2010 Notes or Replacement Notes”
and (ii) deleting the amount “$75,000,000” and replacing it with the amount “$50,000,000”, (e) in clause (x) thereof, by deleting the word “and” at the end thereof, and (f) adding the following
clause (xii) immediately before the proviso at the end of Section 6.09(b): 
 “(xii) payment of Indebtedness permitted by
Section 6.01(s) (including payment of such Indebtedness by any guarantor thereof to the extent the Guarantee of such Indebtedness is permitted under Section 6.01(e)) on or after September 30, 2014 so long as (A) no Event of
Default has occurred and is continuing or would result after giving effect to such payment, (B) Aggregate Availability exceeds $50,000,000 after giving effect to such payment and (C) the Fixed Charge Coverage Ratio, determined as of the
last day of the most recent fiscal quarter for which financial statements have been or should have been delivered pursuant to Section 4.01(b) or Section 5.01(a) or (b), for the period of four consecutive fiscal quarters ending on such last
day is no less than 1.15 to 1.0; provided that in any period of four consecutive fiscal quarters, the Company may exclude the lesser of (I) $20,000,000 and (II) the sum of (A) dividends made in such period of four consecutive fiscal
quarters pursuant to Section 6.09(a)(iii), plus (B) repurchases of capital stock made in such period of four consecutive fiscal quarters pursuant to Section 6.09(a)(iv), from the computation of the Fixed Charge Coverage Ratio
solely for the purpose of this Section 6.09(b)(xii);”. 
 127. Section 6.09(b)(vii) of the Credit Agreement is hereby deleted
in its entirety and replaced with the following: 
 “(vii) the Company or any of its Restricted Subsidiaries may, from time to time,
(a) voluntarily purchase 2010 Notes or Replacement Notes from one or more holders thereof, (b) voluntarily redeem or defease some or all of the 2010 Notes or Replacement Notes in accordance with the 2010 Indenture or the Replacement
Indenture and/or (c) prepay Indebtedness outstanding in connection with the Sidel Water Capital Lease or the Sidel Purchase Financing during the term of this Agreement, in each case as long as (A) no Event of Default has occurred and is
continuing or would result after giving effect to such repurchase, redemption, prepayment or defeasance, (B) the Borrowers shall have both Aggregate 

  
 23 

 
Availability minus Disqualified Payables of at least $50,000,000, determined both on the date of such repurchase, redemption, prepayment or defeasance (and after giving effect thereto and,
on an average basis for the thirty day period ending on (x) in the case of repurchases, redemptions and defeasances under clauses (a) and (b) of this subsection (vii), the date the Company or such Restricted Subsidiary initially
offers to make such repurchase or redemption or (y) in the case of a defeasance under clause (b) of this subsection (vii) or prepayments under clause (c) of this subsection (vii), the date of such prepayment or defeasance, in
each case assuming that such repurchase, redemption, prepayment or defeasance, as the case may be, was made on the first day of such period), and (C) the Fixed Charge Coverage Ratio, determined as of the last day of the most recent fiscal
quarter for which financial statements have been or should have been delivered pursuant to Section 4.01(b) or Section 5.01(a) or (b), for the period of four consecutive fiscal quarters ending on such last day, (x) in the case of the
four fiscal quarter period ending September 28, 2013, is no less than 1.10 to 1.0 and (y) for each four fiscal quarter period ending thereafter, is no less than 1.15 to 1.0; provided that in any period of four consecutive fiscal
quarters, the Company may exclude the lesser of (I) $20,000,000 and (II) the sum of (A) dividends made in such period of four consecutive fiscal quarters pursuant to Section 6.09(a)(iii), plus (B) repurchases of capital
stock made in such period of four consecutive fiscal quarters pursuant to Section 6.09(a)(iv), from the computation of the Fixed Charge Coverage Ratio solely for the purpose of this Section 6.09(b)(vii);”. 

128. The proviso at the end of Section 6.09 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 “provided that, in connection with any redemptions, purchases, payments prepayments or exchanges under
Sections 6.09(b)(vii), (ix) and (xii), in each case, the Administrative Agent shall have received a certificate, signed by the chief financial officer of the Company, on behalf of the Company, (i) stating the nature, the amount and
the date of the payment, exchange or distribution, (ii) certifying that the Company and/or each applicable Restricted Subsidiary has complied with the terms and conditions contained in the applicable subsection of 6.09(b), (iii) stating,
in the case of redemptions, purchases, prepayments or exchanges under Sections 6.09(b)(vii) or (ix), that the proposed transaction documents do not violate the terms and conditions of the 2010 Indenture or the Replacement Indenture and
(iv) setting forth, in the case of redemptions, purchases, prepayments or exchanges under Sections 6.09(b)(vii) or (ix), the calculation of the Disqualified Payables. For purposes of this Section 6.09(b), the 2010 Notes or Replacement
Notes shall be deemed to be “redeemed” at the time that a Borrower or Restricted Subsidiary deposits with the trustee under the 2010 Indenture or Replacement Indenture, as applicable, the funds sufficient to redeem the applicable 2010
Notes or Replacement Notes.”. 
 129. Section 6.10(d) of the Credit Agreement is hereby amended by adding the phrase “(or any
replacement thereof permitted under Section 6.01(h))” immediately after the phrase “Section 6.01(a), (b), (c)”. 

  
 24 

 130. Section 6.11 of the Credit Agreement is hereby amended by deleting clause (iii)
thereof in its entirety and replacing it with the following: 
 “(iii) the foregoing shall not apply to restrictions and conditions in
the 2010 Indenture or the Replacement Indenture (but shall apply to any extension or renewal of the Replacement Indenture, or any amendment or modification expanding the scope of, any such restriction or condition in the 2010 Indenture or the
Replacement Indenture),”. 
 131. Section 6.12 of the Credit Agreement is hereby deleted in its entirety and replaced with the
following: 
 “Section 6.12 Amendment of Material Documents. No Loan Party will, nor will it permit any of its Restricted
Subsidiaries to, amend, modify or waive any of its rights under (a) any 2010 Note Document or any Replacement Note Document or (b) (i) its certificate of incorporation, by-laws, operating, management or partnership agreement or other
organizational documents or (ii) without the consent of the Administrative Agent (or the Required Lenders in the case of amendments or modifications of the 2010 Earnout, the 2014 Earnout, or the 2014 Acquisition Note that would increase the
amount thereof or accelerate the payment schedule thereof), the 2010 APA, the 2014 SPA or the 2014 Acquisition Note, in each case in this subsection (b) to the extent any such amendment, modification or waiver would be materially adverse to the
Lenders; provided that, notwithstanding the foregoing, (x) extending the maturity date of the 2014 Acquisition Note and (y) agreeing to pay interest not to exceed 8% per annum of the principal amount of the 2014 Acquisition
Note, in each case shall be deemed not to be materially adverse to the Lenders or to otherwise require the consent of the Required Lenders; provided, further, that solely with respect to clause (y), without the consent of the
Administrative Agent, no such interest payments shall begin accruing until the earlier of (A) September 30, 2014 or (B) such earlier date that Cott Ventures Limited amends the 2014 Acquisition Note or obtains a waiver extending the
maturity date of the 2014 Acquisition Note, in each case under this clause (B), only as a result of Cott Ventures Limited’s inability to satisfy the requirements to repay the 2014 Acquisition Note on its maturity date in accordance with
Section 6.09(b)(xii).”. 
 132. Section 6.14 of the Credit Agreement is hereby deleted in its entirety and replaced with the
following: 
 “Section 6.14 Ownership of U.S. Co-Borrowers, the Canadian Co-Borrowers and the UK Co-Borrower; Subsidiaries.
(a) The Company will not permit any of the Equity Interests of a U.S. Co-Borrower, a Canadian Co-Borrower (other than the Company), an Interim Holdco or a UK Co-Borrower to be directly owned, legally or beneficially, by any Person other than a
Loan Party that has pledged all of such Equity Interests to the Administrative Collateral Agent or the UK Security Trustee as security for the Secured Obligations under the relevant Collateral Document. 

  
 25 

 (b) The Company will not permit any Subsidiary (i) to be a “Restricted
Subsidiary” under any 2010 Note Document or any Replacement Note Document, or any other indenture, agreement or other instrument governing Material Indebtedness of any Loan Party unless such Subsidiary is also a Restricted Subsidiary hereunder
or (ii) to be a guarantor, issuer, obligor or borrower under any 2010 Note Document any Replacement Note Document, or any other indenture, agreement or other instrument governing Material Indebtedness of any Loan Party unless such Subsidiary is
also a Loan Guarantor or Borrower hereunder.”. 
 133. Section 6.15(b)(iii) of the Credit Agreement is hereby amended by deleting
the phrase “the 2009 Note Indenture or the 2010 Note Indenture” and replacing it with the phrase “the 2010 Indenture or the Replacement Indenture,”. 

134. Clause (g) of Article VII of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 

“(g) any event or condition occurs that results in (i) any Material Indebtedness becoming due prior to its scheduled maturity or that
enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require
the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or (ii) (x) the 2014 Acquisition Note becoming due prior to its scheduled maturity, (y) the Company or one of its Subsidiaries failing to
make any payment under the 2014 Acquisition Note when due at a time when such payment would be permitted pursuant to Section 6.09(b)(xii) unless such payment is being contested in good faith by appropriate proceedings or (z) the Company or
one of its Subsidiaries failing to make any payment under the 2014 Acquisition Note when due at a time when such payment would not be permitted pursuant to Section 6.09(b)(xii) and an action, suit or proceeding by or before any arbitrator or
Governmental Authority is filed by the holder of any obligations owing under the 2014 Acquisition Note against the Company or any one or more of its Subsidiaries with respect to the 2014 Acquisition Note on or after the date such payment was due;
provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness;”. 

135. Section 9.01(a)(ii) of the Credit Agreement is hereby amended by adding the phrase “United Kingdom” immediately after and
below the phrase “London, EC2Y 5AG”. 
 136. Section 9.01(a)(ii) of the Credit Agreement is hereby amended by deleting the
word “Untied” and replacing it with the word “United”. 
 137. The second sentence of Section 9.17(b) of the Credit
Agreement is hereby amended by deleting the word “Borrower” and replacing it with the word “Borrowers”. 

  
 26 

 138. Section 10.13 of the Credit Agreement is hereby amended by deleting the word
“Guarantee” therefrom and replacing it with the phrase “Loan Guaranty”. 
 139. The fourth sentence of
Section 11.01 of the Credit Agreement is hereby amended by deleting the phrase “Administrative Agent; the Collateral Agents and” and replacing it with the phrase “Administrative Agent, the Collateral Agents,”. 

140. Schedule 1.01(b) of the Credit Agreement is hereby deleted in its entirety and replaced with Schedule 1.01(b) attached hereto. 

 

	II.	Conditions Precedent to Effectiveness. This Amendment shall become effective as of the first date (the “Amendment No. 4 Effective Date”) on which each of the following conditions precedent
have been satisfied: 

 1. The Administrative Agent (or its counsel) shall have received (i) either (A) a
counterpart of this Amendment signed on behalf of each Borrower, each other Loan Party, the Agents and the Required Lenders or (B) written evidence satisfactory to the Administrative Agent (which may include facsimile or pdf transmission of a
signed signature page of this Amendment) that such Person has signed a counterpart of this Amendment, and (ii) duly executed copies (or facsimile or pdf copies) of the Third Canadian Reaffirmation Agreement, the UK Reaffirmation Deed dated as
of the Amendment No. 4 Effective Date, and the Third U.S. Reaffirmation Agreement, and such other certificates, documents, instruments and agreements as the Administrative Agent shall reasonably request in connection with the transactions
contemplated by this Amendment. 
 2. The Administrative Agent and the Collateral Agents shall have received written opinions of Drinker
Biddle & Reath LLP and UK counsel, each addressed to the Administrative Agent, the Disbursement Agent, the Collateral Agents, the Issuing Banks and the Lenders, in each case in form and substance acceptable to the Administrative Agent. 

3. The Administrative Agent and the Collateral Agents shall have received copies of the most recent financial statements, projections and
reports required to be delivered pursuant to Section 5.01 of the Credit Agreement. 
 4. The Administrative Agent shall have received
(i) a certificate of each Loan Party, dated the Amendment No. 4 Effective Date and executed by its Secretary, Assistant Secretary or Director, which shall (A) certify the resolutions of its Board of Directors, members or other body
authorizing the execution, delivery and performance of this Amendment and the other Loan Documents to which it is a party, (B) identify by name and title and bear the signatures of the Financial Officers and any other officers of such Loan
Party authorized to sign this Amendment and the Loan Documents to which it is a party, and (C) to the extent not previously delivered to the Administrative Agent attached to a similar certificate, contain appropriate attachments, including the
certificate or articles of incorporation or organization of each Loan Party, together with all amendments thereto, certified by the relevant authority of the jurisdiction of organization of such Loan Party and a true and correct copy of its by-laws,
memorandum and articles of association or operating, management or partnership agreement (or other equivalent organizational documents), together with all amendments thereto, and (ii) a short form or long form certificate of good standing,
status or compliance (or confirmation 

  
 27 

 
(including through a legal opinion) that telephonic and online searches have been conducted at the English Central Index of Winding Up Petitions and UK Companies House respectively on the
Amendment No. 4 Effective Date with respect to the Loan Parties organized under the laws of England and Wales), as applicable, together with any bring-down certificates, confirmations or facsimiles, if any, for each Loan Party from its
jurisdiction of organization, each dated a recent date on or prior to the Amendment No. 4 Effective Date. 
 5. The Administrative
Agent shall have received a certificate, signed by the chief financial officer or treasurer of each Borrower, on the Amendment No. 4 Effective Date (i) stating that no Default has occurred and is continuing, (ii) stating that the
representations and warranties contained in Article III of the Amended Credit Agreement and Section III of this Amendment are true and correct as of such date, and (iii) certifying any other factual matters as may be reasonably requested by the
Administrative Agent. 
 6. The Lenders, the Collateral Agents and the Administrative Agent shall have received all fees required to be
paid, including pursuant to Section VI hereof, and all expenses for which invoices have been presented (including the reasonable fees and expenses of legal counsel), on or before the Amendment No. 4 Effective Date. 

7. The Administrative Agent shall have received a solvency certificate, in form and substance satisfactory to the Administrative Agent, from a
Financial Officer. 
 8. Each Collateral Agent shall have received the most recent Aggregate Borrowing Base Certificate and Borrowing Base
Certificates required to be delivered pursuant to Section 5.01 of the Credit Agreement. 
 9. The Administrative Agent shall have
received a Joinder Agreement, an accession deed to the UK Security Agreement, the documents required under Section 4.01(c), a process agent appointment letter, Deposit Account Control Agreements, opinions of counsel, and such other documents as
the Administrative may have reasonably requested, in each case for Cott Ventures UK Limited, a private limited company organized under the laws of England and Wales, with registration number 09035791 and Cott Ventures Limited, a private limited
company organized under the laws of England and Wales, with registration number 09038049. 
 10. The Administrative Agent shall have
received such other documents as the Administrative Agent, the Disbursement Agent, any Issuing Bank, any Lender or their respective counsel may have reasonably requested. 

11. The amendments contemplated by this Amendment are permitted pursuant to the 2010 Indenture. 

 

	III.	Representations and Warranties of the Loan Parties. To induce the other parties hereto to enter into this Amendment, each Loan Party represents and warrants to each Lender and each Agent as of the date hereof as
follows: 

 1. Each Loan Party has the legal power and authority to execute and deliver this Amendment and the officers of
each Loan Party executing this Amendment have been duly authorized to execute and deliver the same and bind such Loan Party with respect to the provisions hereof. 

  
 28 

 2. This Amendment has been duly executed and delivered by each Loan Party that is a party hereto.

 3. This Amendment and the Amended Credit Agreement each constitutes the legal, valid and binding obligations of each Loan Party,
enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law. 
 4. The execution and delivery by each Loan Party of this Amendment,
the performance by each Loan Party of its obligations under this Amendment, the Amended Credit Agreement and under the other Loan Documents to which it is a party and the consummation of the transactions contemplated by this Amendment, the Amended
Credit Agreement and the other Loan Documents: (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and
effect, (ii) will not violate any Requirement of Law applicable to any Loan Party or any of its Subsidiaries, (iii) will not violate or result in a default under any indenture or other agreement governing Indebtedness or any other material
agreement or other instrument binding upon any Loan Party or any of its Restricted Subsidiaries, or give rise to a right thereunder to require any payment to be made by any Loan Party or any of its Restricted Subsidiaries and (iv) will not
result in the creation or imposition of any Lien on any asset of any Loan Party or any of its Restricted Subsidiaries, except Liens created pursuant to the Loan Documents. 

5. Each Borrower and each other Loan Party hereby reaffirms all covenants, representations and warranties made by it in the Credit Agreement
and the other Loan Documents and agrees and confirms that all such representations and warranties are true and correct in all material respects on and as of the date of this Amendment as though made on and as of such date, except for any
representation and warranty made as of an earlier date, which representation and warranty remains true and correct in all material respects as of such earlier date. 

6. Each Borrower has caused to be conducted a thorough review of the terms of the Credit Agreement and the other Loan Documents and each
Borrower’s and its Subsidiaries’ operations since the Effective Date and, as of the date hereof and after giving effect to the terms hereof, no Default has occurred and is continuing. 

 

	IV.	Post-Closing Covenants. 

 1. With respect to the acquisition described in the 2014 SPA,
the Administrative Agent shall have received a certificate, signed by the chief financial officer or treasurer of the Borrower Representative, on the closing date of the acquisition described in the 2014 SPA certifying that (a) the requirements
set forth in the definition of Permitted Acquisition have been satisfied at the times required by, and in accordance with, the terms of such definition, in each case on or prior to the closing date of such acquisition; provided that the
requirements set forth in clause (h) of the definition of Permitted Acquisition shall be required to be satisfied in 

  
 29 

 
accordance with the terms of clause 3 below and (b) the requirements set forth in Section 6.04(l) of the Credit Agreement have been satisfied at the times required by, and in accordance
with, the terms of such Section. 
 2. The Administrative Agent shall be reasonably satisfied with the form and substance of the 2014 SPA,
the 2014 Acquisition Note and each other document described in clauses (f) and (g) of the definition of Permitted Acquisition, on or prior to the closing date of the acquisition described in the 2014 SPA. 

3. Notwithstanding anything to the contrary in the Amended Credit Agreement or any other Loan Document, no later than 60 days following the
closing date of the acquisition described in the 2014 SPA (or such longer period as may be agreed to by the Administrative Agent in its sole discretion), the Loan Parties shall comply, and shall cause each Restricted Subsidiary acquired pursuant to
such acquisition to comply, with the requirements of Section 5.13 of the Amended Credit Agreement, it being understood and agreed that, for purposes of this Amendment, any reference in such Section to a time period after the acquisition of a
Restricted Subsidiary shall be a reference to the time period permitted pursuant to this clause 2. 
 4. Notwithstanding anything to
the contrary in the Amended Credit Agreement or any other Loan Document, no later than 90 days following the closing date of the acquisition described in the 2014 SPA (or such longer period as may be agreed to by the Administrative Agent in its sole
discretion), the Loan Parties shall cause each Restricted Subsidiary acquired pursuant to such acquisition to transition all deposit accounts owns by such Restricted Subsidiaries to Chase or any other financial institution provided that Chase or
such other financial institutions have delivered deposit account control agreements or similar agreements, in each case satisfactory to the Administrative Collateral Agent or the UK Security Trustee, as the case may be, to the extent required under
the relevant Security Agreement. 
 5. Notwithstanding anything to the contrary in the Amended Credit Agreement or any other Loan Document,
no later than 60 days following the closing date of the acquisition described in the 2014 SPA (or such longer period as may be agreed to by the Administrative Agent in its sole discretion), the Loan Parties shall deliver to the Administrative Agent
or the UK Security Trustee, as applicable, (a) the certificates representing the shares of Equity Interests in and owned by Cott Ventures UK Limited, Cott Ventures Limited and each of the companies acquired pursuant to the 2014 SPA, together
with an undated stock power or stock transfer form, as applicable, for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, each as described on Schedule 2 hereto, and (b) each promissory note described
on Schedule 2 hereto, endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof. 
  

	V.	Reference to and Effect on the Credit Agreement. 

 1. Upon the effectiveness of this
Amendment pursuant to Section II above, on and after the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and
be a reference to the Credit Agreement as modified hereby. 

  
 30 

 2. Except as specifically amended or modified by this Amendment and the Reaffirmation Agreements
(as defined in the Amended Credit Agreement), the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.

 3. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the
Administrative Agent, any other Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. 

VI. Costs and Expenses. Each Borrower agrees to pay all reasonable out-of-pocket expenses, including the reasonable fees, charges and disbursements of
counsel for the Administrative Agent and the Co-Collateral Agent, incurred by any Agent and any of its Affiliates in connection with the preparation, arrangement, execution and enforcement of this Amendment and all other instruments, agreements and
other documents executed in connection herewith. To the extent invoiced on or before the Amendment No. 4 Effective Date, all costs and expenses in connection with this Amendment are due on or prior to the Amendment No. 4 Effective Date.

  

	VII.	Miscellaneous. 

 1. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, AND ANY DISPUTE BETWEEN ANY BORROWER AND ANY OTHER PARTY HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS AMENDMENT, THE CREDIT
AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING 5-1401 OF THE GENERAL OBLIGATION LAW OF THE STATE OF NEW
YORK BUT OTHERWISE WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS). 
 2. Waiver. To induce the Administrative Agent and Lenders
to enter into this Amendment, each Loan Party further acknowledges that it has no actual or potential defense, offset, claim, counterclaim or cause of action against the Administrative Agent or any Secured Party for any actions or events occurring
on or before the date hereof, and each Loan Party hereby waives and releases any right to assert same. 
 3. Headings. Section
headings in this Amendment are included herein for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 

4. Terms Generally. References in this Amendment, the Credit Agreement and the Amended Credit Agreement to the words “clause”
and “paragraph” shall be construed to have the same meaning. 
 5. Counterparts. This Amendment may be executed in any
number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed 

  
 31 

 
counterpart of a signature page of this Amendment by facsimile or by other electronic image scan transmission (including via e-mail) shall be effective as delivery of a manually executed
counterpart of this Amendment. The Administrative Agent may also require that any such documents and signatures delivered by facsimile or by other electronic image scan transmission be confirmed by a manually signed original thereof; provided
that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by facsimile or other electronic image scan transmission. 

6. No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Amendment, the Amended
Credit Agreement and the other Loan Documents. In the event an ambiguity or question of intent or interpretation arises, this Amendment, the Amended Credit Agreement and the other Loan Documents shall be construed as if drafted jointly by the
parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Amendment, the Amended Credit Agreement or any of the other Loan Documents. 

7. Amendment Constitutes Loan Document. This Amendment and each Reaffirmation Agreement shall constitute a “Loan Document”
for purposes of the Credit Agreement and the other Loan Documents. 
 [The remainder of this page is intentionally blank.] 

  
 32 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written. 
  

					
	BORROWERS:
	
	COTT CORPORATION CORPORATION COTT
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	COTT BEVERAGES INC.
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	CLIFFSTAR LLC
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	COTT BEVERAGES LIMITED
		
	By	 	 /s/ Gregory Leiter

		 	Name:	 	Gregory Leiter
		 	Title:	 	Director

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	OTHER LOAN PARTIES:
	
	156775 CANADA INC.
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	967979 ONTARIO LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	804340 ONTARIO LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	2011438 ONTARIO LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	COTT RETAIL BRANDS LIMITED
		
	By	 	 /s/ Gregory Leiter

		 	Name:	 	Gregory Leiter
		 	Title:	 	Director

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	COTT LIMITED
		
	By	 	 /s/ Gregory Leiter

		 	Name:	 	Gregory Leiter
		 	Title:	 	Director
	
	COTT EUROPE TRADING LIMITED
		
	By	 	 /s/ Gregory Leiter

		 	Name:	 	Gregory Leiter
		 	Title:	 	Director
	
	COTT PRIVATE LABEL LIMITED
		
	By	 	 /s/ Gregory Leiter

		 	Name:	 	Gregory Leiter
		 	Title:	 	Director
	
	COTT NELSON (HOLDINGS) LIMITED
		
	By	 	 /s/ Gregory Leiter

		 	Name:	 	Gregory Leiter
		 	Title:	 	Director
	
	COTT (NELSON) LIMITED
		
	By	 	 /s/ Gregory Leiter

		 	Name:	 	Gregory Leiter
		 	Title:	 	Director
	
	COTT USA FINANCE LLC
		
	By	 	 /s/ Jerry Hoyle

		 	Name:	 	Jerry Hoyle
		 	Title:	 	Authorized Representative

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	COTT HOLDINGS INC.
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	INTERIM BCB, LLC
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	COTT VENDING INC.
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	COTT INVESTMENT, L.L.C.
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	COTT U.S. ACQUISITION LLC
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	COTT ACQUISITION LLC
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	STAR REAL PROPERTY LLC
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer
	
	CAROLINE LLC
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Treasurer

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	COTT UK ACQUISITION LIMITED
		
	By:	 	 /s/ Jerry Hoyle

		 	Name:	 	Jerry Hoyle
		 	Title:	 	Director
	
	COTT ACQUISITION LIMITED
		
	By:	 	 /s/ Jerry Hoyle

		 	Name:	 	Jerry Hoyle
		 	Title:	 	Director
	
	COTT LUXEMBOURG S.A.R.L.
		
	By:	 	 /s/ Jerry Hoyle

		 	Name:	 	Jerry Hoyle
		 	Title:	 	Class A Manager
		
	By:	 	 /s/ Luc Sunnen

		 	Name:	 	Luc Sunnen
		 	Title:	 	Class B Manager
	
	COTT DEVELOPMENTS LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	COOKE BROS HOLDINGS LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director
	
	COOKE BROS. (TATTENHALL) LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director
	
	CALYPSO SOFT DRINKS LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director
	
	TT CALCO LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director
	
	MR FREEZE (EUROPE) LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	COTT VENTURES UK LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director
	
	COTT VENTURES LIMITED
		
	By	 	 /s/ Jason Ausher

		 	Name:	 	Jason Ausher
		 	Title:	 	Director

  
 Signature page to
Amendment No. 4 to 
 Credit Agreement 

 
					
	JPMORGAN CHASE BANK, N.A., individually, as an Issuing Bank, as a Swingline Lender and as a Lender
		
	By	 	 /s/ Lisa A. Morrison

		 	Name:	 	Lisa A. Morrison
		 	Title:	 	Authorized Officer
	
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as Administrative Collateral Agent
		
	By	 	 /s/ Lisa A. Morrison

		 	Name:	 	Lisa A. Morrison
		 	Title:	 	Authorized Officer
	
	JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, as an Issuing Bank, as a Swingline Lender and as a Lender
		
	By	 	 /s/ Agostino A. Marchetti

		 	Name:	 	Agostino A. Marchetti
		 	Title:	 	Senior Vice President
	
	JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as an Issuing Bank, as a Swingline Lender and as a Lender
		
	By	 	 /s/ Timothy I. Jacob

		 	Name:	 	Timothy I. Jacob
		 	Title:	 	Senior Vice President
	
	JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as UK Security Trustee
		
	By	 	 /s/ Timothy I. Jacob

		 	Name:	 	Timothy I. Jacob
		 	Title:	 	Senior Vice President

 
					
	BANK OF AMERICA, N.A.,
	as Documentation Agent and as a Lender
		
	By	 	 /s/ Andrew A. Doherty

		 	Name:	 	Andrew A. Doherty
		 	Title:	 	Senior Vice President
	
	BANK OF AMERICA, N.A., CANADA BRANCH, as a Lender
		
	By	 	 /s/ Medina Sales de Andrade

		 	Name:	 	Medina Sales de Andrade
		 	Title:	 	Vice President

 
					
	 GENERAL ELECTRIC CAPITAL CORPORATION,

as Co-Collateral Agent and as a Lender

		
	By	 	 /s/ Philip F. Carfora

		 	Name:	 	Philip F. Carfora
		 	Title:	 	Duly Authorized Signatory

 
					
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as a Lender
		
	By	 	 /s/ Michael Winters

		 	Name:	 	Michael Winters
		 	Title:	 	Vice President
		
	By	 	 /s/ Peter Cucchiara

		 	Name:	 	Peter Cucchiara
		 	Title:	 	Vice President

 
					
	WELLS FARGO CAPITAL FINANCE, LLC,
	as a Lender
		
	By	 	 /s/ David Klages

		 	Name:	 	David Klages
		 	Title:	 	Senior Vice President
	
	 WELLS FARGO CAPITAL FINANCE CORPORATION CANADA,

as a Lender

		
	By	 	 /s/ David G. Phillips

		 	Name:	 	David G. Phillips
		 	Title:	 	Senior Vice President, Credit Officer
	
	WELLS FARGO BANK, N.A.
	(LONDON BRANCH), as a Lender
		
	By	 	 /s/ T. Saldanha

		 	Name:	 	T. Saldanha
		 	Title:	 	Authorized Signatory
		
	By	 	 /s/ N.B. Hogg

		 	Name:	 	N.B. Hogg
		 	Title:	 	Authorized Signatory

 
					
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By	 	 /s/ Brian Jablon

		 	Name:	 	Brian Jablon
		 	Title:	 	AVP
	
	PNC BANK, CANADA BRANCH,
	as a Lender
		
	By	 	 /s/ Brian Jablon

		 	Name:	 	Brian Jablon
		 	Title:	 	AVP

 SCHEDULE 1.01(b) 

MANDATORY COST FORMULA 
  

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

  

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

  

	3.	The Additional Cost Rate for any Lender lending from a Facility Office in a Participating Member State will be the percentage notified by that Lender to the Disbursement Agent. This percentage will be certified by that
Lender in its notice to the Disbursement Agent to be its reasonable determination of the cost (expressed as a percentage of that Lender’s participation in all Loans made from that Facility Office) of complying with the minimum reserve
requirements of the European Central Bank in respect of loans made from that Facility Office. If a Lender fails to specify a rate under this paragraph 3, the Disbursement Agent will assume that the Lender has not incurred any such cost.

  

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

 

	 	(a)	in relation to a Loan denominated in Sterling: 

 

 per cent. per annum 
  

	 	(b)	in relation to a Loan in any currency other than Sterling: 

 

 per cent. per annum. 
 Where: 

A is the percentage of Eligible Liabilities (assuming these to be in excess of any stated minimum) which that Lender is from time to time
required to maintain as an interest free cash ratio deposit with the Bank of England to comply with cash ratio requirements. 
 B is the
percentage rate of interest (excluding the Applicable Rate and the Mandatory Cost and, if the Loan is an Unpaid Sum, the additional rate of interest specified in Section 2.13(f)) payable for the relevant Interest Period on the Loan. 

 C is the percentage (if any) of Eligible Liabilities which that Lender is required from time to
time to maintain as interest bearing Special Deposits with the Bank of England. 
 D is the percentage rate per annum payable by the Bank
of England to the Disbursement Agent (or such other bank as may be designated by the Disbursement Agent in consultation with the Borrower Representative) on interest bearing Special Deposits. 

E is designed to compensate Lenders for amounts payable under the Fees Rules and is calculated by the Disbursement Agent as being the average
of the most recent rates of charge supplied by the Reference Banks to the Disbursement Agent pursuant to paragraph 7 below and expressed in Sterling per £1.0 million. 
  

	5.	For the purposes of this Schedule: 

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

(b) “Facility Office” means the office or offices notified by a Lender to the Disbursement Agent in writing on or
before the date it becomes a Lender (or, following that date, by not less than five Business Days’ written notice) as the office or offices through which it will perform its obligations under this Agreement; 

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

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

(e) “Reference Banks” means, in relation to each of the Eurodollar Base Rate and the Eurodollar Rate and Mandatory
Cost, the principal office in London, England of JPMorgan Chase Bank, N.A., London Branch, or such other bank or banks as may be designated by the Disbursement Agent in consultation with Borrower Representative; 

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

(g) “Unpaid Sum” means any sum due and payable but unpaid by any Loan Party under the Loan Documents. 

 

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

	7.	If requested by the Disbursement Agent, each Reference Bank shall, as soon as practicable after publication by the Financial Conduct Authority and the Prudential Regulation Authority, supply to the Disbursement Agent,
the rate of charge payable by that Reference Bank to the Financial Conduct Authority and the Prudential Regulation Authority pursuant to the Fees Rules in respect of the relevant financial year of the Financial Conduct Authority and the Prudential
Regulation Authority (calculated for this purpose by that Reference Bank as being the average of the Fee Tariffs applicable to that Reference Bank for that financial year) and expressed in Sterling per £1.0 million of the Tariff Base of
that Reference Bank. 

  

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

 (a) the jurisdiction of its Facility
Office; and 
 (b) any other information that the Disbursement Agent may reasonably require for such purpose. 

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

 

	9.	The percentages of each Lender for the purpose of A and C above and the rates of charge of each Reference Bank for the purpose of E above shall be determined by the Disbursement Agent based upon the information supplied
to it pursuant to paragraphs 7 and 8 above and on the assumption that, unless a Lender notifies the Disbursement Agent to the contrary, each Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as those of a
typical bank from its jurisdiction of incorporation with a Facility Office in the same jurisdiction as its Facility Office. 

  

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

  

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

  

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

  

	13.	 The Disbursement Agent may from time to time, after consultation with Borrower Representative and the Lenders, determine and notify to all parties to
this Agreement any amendments which are required to be made to this Schedule 1.01(b) in order to comply with 

	 	
any change in law, regulation or any requirements from time to time imposed by the Bank of England, the Financial Conduct Authority, the Prudential Regulation Authority or the European Central
Bank (or, in any case, any other authority which replaces all or any of its functions) and any such determination shall, in the absence of manifest error, be conclusive and binding on all parties to this Agreement. 

 

	14.	If the Disbursement Agent, after consultation with the Borrower Representative, determines that the Additional Cost Rate for a Lender lending from a Facility Office in the United Kingdom can be calculated by reference
to a screen, the Disbursement Agent may notify all the Parties of any amendments which are required to be made to this Schedule in order to reflect this. 

 Schedule 2 

Equity Interests and Intercompany Notes 

See attachment.EX-10.1

 Exhibit 10.1 
 DIGITAL REALTY TRUST, INC., DIGITAL SERVICES, INC. 
 AND DIGITAL REALTY
TRUST, L.P. 
 2014 INCENTIVE AWARD PLAN 
 ARTICLE 1. 
 PURPOSE 

The purpose of the Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2014 Incentive Award Plan (the
“Plan”) is to promote the success and enhance the value of Digital Realty Trust, Inc., a Maryland corporation (the “Company”), Digital Services, Inc. (the “Services Company”) and Digital Realty
Trust, L.P. (the “Partnership”) by linking the individual interests of Employees, Consultants and members of the Board and Services Company Directors to those of the Company’s stockholders and by providing such individuals with
an incentive for outstanding performance to generate superior returns to the Company’s stockholders. The Plan is further intended to provide flexibility to the Company, the Services Company, the Partnership and their subsidiaries in their
ability to motivate, attract, and retain the services of those individuals upon whose judgment, interest, and special effort the successful conduct of the Company’s, the Services Company’s and the Partnership’s operation is largely
dependent. 
 ARTICLE 2. 
 DEFINITIONS AND CONSTRUCTION 
 Wherever the following terms are used in the
Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 

2.1 “Administrator” shall mean the entity that conducts the general administration of the Plan as provided in Article 12
hereof. With reference to the duties of the Administrator under the Plan which have been delegated to one or more persons pursuant to Section 12.6 hereof, or which the Board has assumed, the term “Administrator” shall refer to such
person(s) unless the Committee or the Board has revoked such delegation or the Board has terminated the assumption of such duties. 
 2.2 “Affiliate” shall mean the Partnership, the Services Company, any Parent or any Subsidiary. 
 2.3 “Applicable Accounting Standards” shall mean Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting
principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time. 
 2.4 “Applicable Law” shall mean any applicable law, including without limitation, (a) provisions of the Code, the Securities Act, the Exchange Act and any rules or regulations
thereunder; (b) corporate, securities, tax or other laws, statutes, rules, requirements or regulations, whether federal, state, local or foreign; and (c) rules of any securities exchange or automated quotation system on which the Shares
are listed, quoted or traded. 
 2.5 “Award” shall mean an Option, a Restricted Stock award, a Performance
Award, a Dividend Equivalent award, a Stock Payment award, a Restricted Stock Unit award, a Performance Share award, an Other Incentive Award, a Profits Interest Unit award or a Stock Appreciation Right, which may be awarded or granted under the
Plan. 
 2.6 “Award Agreement” shall mean any written notice, agreement, contract or other instrument or
document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with the Plan. 

  
 1 

 2.7 “Board” shall mean the Board of Directors of the Company. 

2.8 “Change in Control” shall mean the occurrence of any of the following events: 

(a) A transaction or series of transactions (other than an offering of Shares to the general public through a registration statement filed
with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the Company, the Services
Company, the Partnership or any Subsidiary, an employee benefit plan maintained by any of the foregoing entities or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control
with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than thirty-five percent (35%) of the total combined voting power of
the Company’s securities outstanding immediately after such acquisition; or 
 (b) Individuals who, as of the Effective
Date, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in Section 2.8(a) or Section 2.8(c)
hereof) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then still in office who either were directors as of the Effective Time or whose
election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 
 (c)
The consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination, (y) a sale or other
disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case, other than a transaction: 

(i) Which results in the Company’s voting securities outstanding immediately before the transaction continuing to represent (either
by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the
Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s
outstanding voting securities immediately after the transaction, and 
 (ii) After which no person or group beneficially owns
voting securities representing thirty-five percent (35%) or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this Section 2.8(c)(ii) as
beneficially owning thirty-five percent (35%) or more of the combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 

(d) Approval by the Company’s stockholders of a liquidation or dissolution of the Company. 

Notwithstanding the foregoing, if a Change in Control constitutes a payment event with respect to any Award (or any portion of an Award)
that provides for the deferral of compensation that is subject to Section 409A of the Code, to the extent required to avoid the imposition of additional taxes under Section 409A of the Code, the transaction or event described in subsection
(a), (b), (c) or (d) with respect to such Award (or portion thereof) shall only constitute a Change in Control for purposes of the payment timing of such Award if such transaction also constitutes a “change in control event”
(within the meaning of Section 409A of the Code). Consistent with the terms of this Section 2.8, the Administrator shall have full and final authority to determine conclusively whether a Change in Control of the Company has occurred
pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto. 

  
 2 

 2.9 “Code” shall mean the Internal Revenue Code of 1986, as amended from
time to time, together with the regulations and official guidance promulgated thereunder, whether issued prior or subsequent to the grant of any Award. 
 2.10 “Committee” shall mean the Compensation Committee of the Board, or another committee or subcommittee of the Board described in Article 12 hereof. 

2.11 “Common Stock” shall mean the common stock of the Company, par value $0.01 per share. 

2.12 “Company” shall mean Digital Realty Trust, Inc., a Maryland corporation. 

2.13 “Consultant” shall mean any consultant or advisor of the Company, the Services Company, the Partnership or any
Subsidiary who qualifies as a consultant or advisor under the applicable rules of Form S-8 Registration Statement. 
 2.14
“Covered Employee” shall mean any Employee who is, or could become, a “covered employee” within the meaning of Section 162(m) of the Code. 
 2.15 “Director” shall mean a member of the Board, as constituted from time to time. 
 2.16 “Dividend Equivalent” shall mean a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2 hereof. 

2.17 “DRO” shall mean a “domestic relations order” as defined by the Code or Title I of the Employee
Retirement Income Security Act of 1974, as amended from time to time, or the rules thereunder. 
 2.18 “Effective
Date” shall mean the date of the 2014 annual meeting of stockholders of the Company, provided that the Plan is approved by the Company’s stockholders on such date. 

2.19 “Eligible Individual” shall mean any person who is an Employee, a Consultant or a Non-Employee Director, as
determined by the Administrator. 
 2.20 “Employee” shall mean any officer or other employee (within the
meaning of Section 3401(c) of the Code) of the Company, the Services Company, the Partnership or any Subsidiary. 
 2.21
“Equity Restructuring” shall mean a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash
dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per share value of the Common Stock underlying outstanding stock-based
Awards. 
 2.22 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 2.23 “Fair Market Value” shall mean, as of any given date, the value of a Share determined as follows:

 (a) If the Common Stock is (i) listed on any established securities exchange (such as the New York Stock Exchange, the
NASDAQ Global Market and the NASDAQ Global Select Market), (ii) listed on any national market system or (iii) listed, quoted or traded on any automated quotation system, its Fair Market Value shall be the closing sales price for a Share as
quoted on such exchange or system for such date or, if there is no closing sales price for a Share on the date in question, the closing sales price for a Share on the last preceding date for which such quotation exists, as reported in The Wall
Street Journal or such other source as the Administrator deems reliable; 

  
 3 

 (b) If the Common Stock is not listed on an established securities exchange, national market
system or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked
prices for a Share on such date, the high bid and low asked prices for a Share on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or

 (c) If the Common Stock is neither listed on an established securities exchange, national market system or automated
quotation system nor regularly quoted by a recognized securities dealer, its Fair Market Value shall be established by the Administrator in good faith. 
 2.24 “Greater Than 10% Stockholder” shall mean an individual then-owning (within the meaning of Section 424(d) of the Code) more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company or any “parent corporation” or “subsidiary corporation” (as defined in Sections 424(e) and 424(f) of the Code, respectively). 

2.25 “Incentive Stock Option” shall mean an Option that is intended to qualify as an incentive stock option and conforms
to the applicable provisions of Section 422 of the Code. 
 2.26 “Individual Award Limit” shall mean the
cash and share limits applicable to Awards granted under the Plan, as set forth in Section 3.3 hereof. 
 2.27
“Non-Employee Director” shall mean a Director of the Company or a Services Company Director, in either case, who is not an Employee. 
 2.28 “Non-Qualified Stock Option” shall mean an Option that is not an Incentive Stock Option or which is designated as an Incentive Stock Option but does not meet the applicable
requirements of Section 422 of the Code. 
 2.29 “Option” shall mean a right to purchase Shares at a
specified exercise price, granted under Article 6 hereof. An Option shall be either a Non-Qualified Stock Option or an Incentive Stock Option; provided, however, that Options granted to Non-Employee Directors and Consultants shall only
be Non-Qualified Stock Options. 
 2.30 “Other Incentive Award” shall mean an Award denominated in, linked to
or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof. 
 2.31
“Parent” shall mean any entity (other than the Company), whether domestic or foreign, in an unbroken chain of entities ending with the Company if each of the entities other than the Company beneficially owns, at the time of the
determination, securities or interests representing more than fifty percent (50%) of the total combined voting power of all classes of securities or interests in one of the other entities in such chain. 

2.32 “Participant” shall mean a person who has been granted an Award pursuant to the Plan. 

2.33 “Partnership” shall mean Digital Realty Trust, L.P. 

2.34 “Partnership Agreement” shall mean the Twelfth Amended and Restated Agreement of Limited Partnership of Digital
Realty Trust, L.P., as the same may be amended, modified or restated from time to time. 
 2.35 “Performance
Award” shall mean an Award that is granted under Section 9.1 hereof. 
 2.36 “Performance-Based
Compensation” shall mean any compensation that is intended to qualify as “performance-based compensation” as described in Section 162(m)(4)(C) of the Code. 

  
 4 

 2.37 “Performance Criteria” shall mean the criteria (and adjustments) that
the Committee selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period, determined as follows: 
 (a) The Performance Criteria that shall be used to establish Performance Goals are limited to the following: (i) net earnings (either before or after one or more of the following: (A) interest,
(B) taxes, (C) depreciation, (D) amortization, and (E) non-cash equity-based compensation expense); (ii) gross or net sales or revenue; (iii) net income (either before or after taxes); (iv) adjusted net income;
(v) operating earnings or profit; (vi) cash flow (including, but not limited to, operating cash flow, free cash flow and cash flow return on capital); (vii) return on assets; (viii) return on net assets; (ix) return on
capital or return on invested capital; (x) return on stockholders’ equity; (xi) total stockholder return; (xii) return on sales; (xiii) gross or net profit or operating margin; (xiv) costs; (xv) funds from
operations; (xvi) adjusted funds from operations; (xvii) core funds from operations; (xviii) cash available for distribution; (xvix) productivity; (xx) expenses; (xxi) margins; (xxii) working capital;
(xxiii) earnings per share; (xxiv) adjusted earnings per share; (xxv) price per Share; (xxvi) leasing activity; (xxvii) implementation or completion of critical projects; (xxviii) market share; (xxix) economic
value (as determined by the Administrator); (xxx) debt levels or reduction; (xxxi) sales-related goals; (xxxii) comparisons with other stock market indices; (xxxiii) operating efficiency; (xxxiv) financing and other capital
raising transactions; (xxxv) recruiting and maintaining personnel; (xxxvi) year-end cash; (xxxvii) acquisition activity; (xxxviii) investment sourcing activity; (xxxix) customer service; (xxxx) customer satisfaction;
(xxxxi) employee satisfaction; and (xxxxii) marketing initiatives, any of which may be measured either in absolute terms for the Company or any operating unit of the Company or as compared to any incremental increase or decrease, or on a
relative basis, or as compared to results of a peer group or to market performance indicators or indices. 
 (b) The
Administrator may, in its sole discretion, provide that one or more objectively determinable adjustments shall be made to one or more of the Performance Goals. Such adjustments may include, but are not limited to, one or more of the following:
(i) items related to a change in accounting principle; (ii) items relating to financing activities; (iii) expenses for restructuring or productivity initiatives; (iv) other non-operating items; (v) items related to
acquisitions; (vi) items attributable to the business operations of any entity acquired by the Company during the Performance Period; (vii) items related to the sale or disposition of a business or segment of a business; (viii) items
related to discontinued operations that do not qualify as a segment of a business under Applicable Accounting Standards; (ix) items attributable to any stock dividend, stock split, combination or exchange of stock occurring during the
Performance Period; (x) any other items of significant income or expense which are determined to be appropriate adjustments; (xi) items relating to unusual or extraordinary corporate transactions, events or developments; (xii) items
related to amortization of acquired intangible assets; (xiii) items that are outside the scope of the Company’s core, on-going business activities; (xiv) items related to acquired in-process research and development; (xv) items
relating to changes in tax laws; (xvi) items relating to major licensing or partnership arrangements; (xvii) items relating to asset impairment charges; (xviii) items relating to gains or losses for litigation, arbitration and
contractual settlements; or (xix) items relating to any other unusual or nonrecurring events or changes in Applicable Law, accounting principles or business conditions. For all Awards intended to qualify as Performance-Based Compensation, such
determinations shall be made within the time prescribed by, and otherwise in compliance with, Section 162(m) of the Code. 

2.38 “Performance Goals” shall mean, for a Performance Period, one or more goals established in writing by the
Administrator for the Performance Period based upon one or more Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall performance of the
Company, the Services Company, the Partnership, any Subsidiary, any division or business unit thereof or an individual. The achievement of each Performance Goal shall be determined in accordance with Applicable Accounting Standards. 

  
 5 

 2.39 “Performance Period” shall mean one or more periods of time, which may
be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance
Award. 
 2.40 “Performance Share” shall mean a contractual right awarded under Section 9.5 hereof to
receive a number of Shares or the Fair Market Value of such number of Shares in cash based on the attainment of specified Performance Goals or other criteria determined by the Administrator. 

2.41 “Permitted Transferee” shall mean, with respect to a Participant, any “family member” of the Participant,
as defined under the General Instructions to Form S-8 Registration Statement under the Securities Act or any successor Form thereto, or any other transferee specifically approved by the Administrator, after taking into account Applicable Law.

 2.42 “Plan” shall mean this Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust,
L.P. 2014 Incentive Award Plan, as it may be amended from time to time. 
 2.43 “Prior Plan” shall mean the
First Amended and Restated Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2004 Incentive Award Plan, as amended from time to time. 
 2.44 “Profits Interest Unit” shall mean a “Profits Interest Unit” of the Partnership (as defined in the Partnership Agreement) that is granted pursuant to Section 9.7
hereof and is intended to constitute a “profits interest” within the meaning of the Code. 
 2.45
“Program” shall mean any program adopted by the Administrator pursuant to the Plan containing the terms and conditions intended to govern a specified type of Award granted under the Plan and pursuant to which such type of Award may
be granted under the Plan. 
 2.46 “REIT” shall mean a real estate investment trust within the meaning of
Sections 856 through 860 of the Code. 
 2.47 “Restricted Stock” shall mean an award of Shares made under
Article 8 hereof that is subject to certain restrictions and may be subject to risk of forfeiture. 
 2.48 “Restricted
Stock Unit” shall mean a contractual right awarded under Section 9.4 hereof to receive in the future a Share or the cash value of a Share. 
 2.49 “Securities Act” shall mean the Securities Act of 1933, as amended. 
 2.50 “Services Company” shall mean Digital Services, Inc. 
 2.51
“Services Company Director” shall mean a member of the Board of Directors of the Services Company. 
 2.52
“Share Limit” shall have the meaning provided in Section 3.1(a) hereof. 
 2.53 “Shares”
shall mean shares of Common Stock. 
 2.54 “Stock Appreciation Right” shall mean a stock appreciation right
granted under Article 10 hereof. 
 2.55 “Stock Payment” shall mean a payment in the form of Shares awarded
under Section 9.3 hereof. 

  
 6 

 2.56 “Subsidiary” shall mean (a) a corporation, association or other
business entity of which fifty percent (50%) or more of the total combined voting power of all classes of capital stock is owned, directly or indirectly, by the Company, the Services Company, the Partnership and/or by one or more Subsidiaries,
(b) any partnership or limited liability company of which fifty percent (50%) or more of the equity interests are owned, directly or indirectly, by the Company, the Partnership, the Services Company and/or by one or more Subsidiaries, and
(c) any other entity not described in clauses (a) or (b) above of which fifty percent (50%) or more of the ownership and the power (whether voting interests or otherwise), pursuant to a written contract or agreement, to direct
the policies and management or the financial and the other affairs thereof, are owned or controlled by the Company, the Partnership, the Services Company and/or by one or more Subsidiaries. 

2.57 “Substitute Award” shall mean an Award granted under the Plan in connection with a corporate transaction, such as a
merger, combination, consolidation or acquisition of property or stock, in any case, upon the assumption of, or in substitution for, an outstanding equity award previously granted by a company or other entity that is a party to such transaction;
provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation Right. 

2.58 “Successor Entity” shall have the meaning provided in Section 2.8(c)(i) hereof. 

2.59 “Termination of Service” shall mean: 
 (a) As to a Consultant, the time when the engagement of a Participant as a Consultant to the Company and its Affiliates is terminated for any reason, with or without cause, including, without limitation,
by resignation, discharge, death or retirement, but, unless otherwise determined by the Administrator, excluding terminations where the Consultant simultaneously commences or remains in employment and/or service as an Employee and/or Director with
the Company or any Affiliate. 
 (b) As to a Non-Employee Director, the time when a Participant who is a Non-Employee Director
ceases to be a Director for any reason, including, without limitation, a termination by resignation, failure to be elected, death or retirement, but, unless otherwise determined by the Administrator, excluding terminations where the Participant
simultaneously commences or remains in employment and/or service as an Employee and/or Consultant with the Company or any Affiliate. 
 (c) As to an Employee, the time when the employee-employer relationship between a Participant and the Company and its Affiliates is terminated for any reason, including, without limitation, a termination
by resignation, discharge, death, disability or retirement, but, unless otherwise determined by the Administrator, excluding terminations where the Participant simultaneously commences or remains in service as a Consultant and/or Director with the
Company or any Affiliate. 
 The Administrator, in its sole discretion, shall determine the effect of all matters and questions
relating to any Termination of Service, including, without limitation, whether a Termination of Service has occurred, whether any Termination of Service resulted from a discharge for cause and whether any particular leave of absence constitutes a
Termination of Service; provided, however, that, with respect to Incentive Stock Options, unless the Administrator otherwise provides in the terms of any Program, Award Agreement or otherwise, or as otherwise required by Applicable
Law, a leave of absence, change in status from an employee to an independent contractor or other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in
status or other change interrupts employment for the purposes of Section 422(a)(2) of the Code. For purposes of the Plan, unless otherwise determined by the Administrator, a Participant’s employee-employer relationship or consultancy
relationship shall be deemed to be terminated in the event that the Affiliate employing or contracting with such Participant ceases to remain an Affiliate following any merger, sale of stock or other corporate transaction or event (including,
without limitation, a spin-off). 

  
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 ARTICLE 3. 
 SHARES SUBJECT TO THE PLAN 
 3.1 Number of Shares. 

(a) Subject to Section 3.1(b) and Section 13.2 hereof, the aggregate number of Shares which may be issued or transferred
pursuant to Awards under the Plan shall equal the sum of (i) 1,700,000 Shares, (ii) the number of Shares which, as of the Effective Date, remain available for issuance under the Prior Plan and (iii) any Shares subject to awards
outstanding under the Prior Plan as of the Effective Date which, on or after the Effective Date, are forfeited or otherwise terminate or expire for any reason without the issuance of shares to the holder thereof (the “Share Limit”).
In order that the applicable regulations under the Code relating to Incentive Stock Options be satisfied, the maximum number of Shares that may be issued under the Plan upon the exercise of Incentive Stock Options shall be 1,700,000 Shares. Subject
to Section 13.2 hereof, each Profits Interest Unit issued pursuant to an Award shall count as one Share for purposes of calculating the aggregate number of Shares available for issuance under the Plan as set forth in this Section 3.1(a)
and for purposes of calculating the Individual Award Limit set forth in Section 3.3 hereof. 
 (b) If any Shares subject to
an Award are forfeited or expire or such Award is settled for cash (in whole or in part), the Shares subject to such Award shall, to the extent of such forfeiture, expiration or cash settlement, again be available for future grants of Awards under
the Plan and shall be added back to the Share Limit in the same number of Shares as were debited from the Share Limit in respect of the grant of such Award (as may be adjusted in accordance with Section 13.2 hereof). Notwithstanding anything to
the contrary contained herein, the following Shares shall not be added back to the Share Limit and will not be available for future grants of Awards: (i) Shares tendered by a Participant or withheld by the Company in payment of the exercise
price of an Option; (ii) Shares tendered by the Participant or withheld by the Company to satisfy any tax withholding obligation with respect to an Award; (iii) Shares subject to a Stock Appreciation Right that are not issued in connection
with the stock settlement of the Stock Appreciation Right on exercise thereof; and (iv) Shares purchased on the open market with the cash proceeds from the exercise of Options. Any Shares repurchased by the Company under Section 8.4 hereof
at the same price paid by the Participant so that such Shares are returned to the Company will again be available for Awards. The payment of Dividend Equivalents in cash in conjunction with any outstanding Awards shall not be counted against the
Shares available for issuance under the Plan. Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an incentive
stock option under Section 422 of the Code. 
 (c) Substitute Awards shall not reduce the Shares authorized for grant under
the Plan. Additionally, in the event that a company acquired by the Company or any Affiliate, or with which the Company or any Affiliate combines, has shares available under a pre-existing plan approved by its stockholders and not adopted in
contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used
in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for
grant under the Plan, to the extent that grants of Awards using such available shares are permitted without stockholder approval under the rules of the principal securities exchange on which the Common Stock is then listed and made only to
individuals who were not employed by or providing services to the Company or its Affiliates immediately prior to such acquisition or combination. 
 3.2 Stock Distributed. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Common Stock or Common Stock purchased on the open market.

 3.3 Limitation on Number of Shares Subject to Awards. Notwithstanding any provision in the Plan to the contrary, and
subject to Section 13.2 hereof, (a) the maximum aggregate number of Shares with respect to one or 

  
 8 

 
more Awards that may be granted to any one person during any calendar year shall be 1,500,000 Shares, (b) the maximum aggregate amount of cash that may be paid in cash during any calendar
year with respect to one or more Awards payable in cash shall be $10,000,000, and (c) the maximum aggregate value (determined as of the date of grant under Applicable Accounting Standards), determined as of the date of grant, of Awards that may
be granted to any Non-Employee Director during any calendar year shall be $500,000 (together, the “Individual Award Limits”). 
 ARTICLE 4. 
 GRANTING OF AWARDS 

4.1 Participation. The Administrator may, from time to time, select from among all Eligible Individuals, those to whom one or more
Awards shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan. No Eligible Individual shall have any right to be granted an Award pursuant to the Plan. 

4.2 Award Agreement. Each Award shall be evidenced by an Award Agreement stating the terms and conditions applicable to such
Award, consistent with the requirements of the Plan and any applicable Program. 
 4.3 Limitations Applicable to
Section 16 Persons. Notwithstanding anything contained herein to the contrary, with respect to any Award granted or awarded to any individual who is then subject to Section 16 of the Exchange Act, the Plan, any applicable Program and
the applicable Award Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3 of the Exchange Act and
any amendments thereto) that are requirements for the application of such exemptive rule, and such additional limitations shall be deemed to be incorporated by reference into such Award to the extent permitted by Applicable Law. 

4.4 At-Will Service. Nothing in the Plan or in any Program or Award Agreement hereunder shall confer upon any Participant any
right to continue as an Employee, Director or Consultant of the Company or any Affiliate, or shall interfere with or restrict in any way the rights of the Company or any Affiliate, which rights are hereby expressly reserved, to discharge any
Participant at any time for any reason whatsoever, with or without cause, and with or without notice, or to terminate or change all other terms and conditions of any Participant’s employment or engagement, except to the extent expressly
provided otherwise in a written agreement between the Participant and the Company or any Affiliate. 
 4.5 Foreign
Participants. Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in other countries in which the Company and its Affiliates operate or have Employees, Non-Employee Directors or Consultants, or in order to
comply with the requirements of any foreign securities exchange, the Administrator, in its sole discretion, shall have the power and authority to: (a) determine which Affiliates shall be covered by the Plan; (b) determine which Eligible
Individuals outside the United States are eligible to participate in the Plan; (c) modify the terms and conditions of any Award granted to Eligible Individuals outside the United States to comply with applicable foreign laws or listing
requirements of any such foreign securities exchange; (d) establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable; provided, however, that no such
subplans and/or modifications shall increase the Share Limit or Individual Award Limits contained in Sections 3.1 and 3.3 hereof, respectively; and (e) take any action, before or after an Award is made, that it deems advisable to obtain
approval or comply with any necessary local governmental regulatory exemptions or approvals or listing requirements of any such foreign securities exchange. Notwithstanding the foregoing, the Administrator may not take any actions hereunder, and no
Awards shall be granted, that would violate Applicable Law. 

  
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 4.6 Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan may, in the
sole discretion of the Administrator, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted either at the same time as or
at a different time from the grant of such other Awards. 
 ARTICLE 5. 

PROVISIONS APPLICABLE TO AWARDS INTENDED TO QUALIFY AS 
 PERFORMANCE-BASED COMPENSATION 
 5.1 Purpose. The Committee, in its
sole discretion, may determine whether any Award is intended to qualify as Performance-Based Compensation. If the Committee, in its sole discretion, decides to grant an Award to an Eligible Individual that is intended to qualify as Performance-Based
Compensation, then the provisions of this Article 5 shall control over any contrary provision contained in the Plan. The Administrator may in its sole discretion grant Awards to Eligible Individuals that are based on Performance Criteria or
Performance Goals but that do not satisfy the requirements of this Article 5 and that are not intended to qualify as Performance-Based Compensation. Unless otherwise specified by the Committee at the time of grant, the Performance Criteria with
respect to an Award intended to be Performance-Based Compensation payable to a Covered Employee shall be determined on the basis of Applicable Accounting Standards. 
 5.2 Applicability. The grant of an Award to an Eligible Individual for a particular Performance Period shall not require the grant of an Award to such Eligible Individual in any subsequent
Performance Period and the grant of an Award to any one Eligible Individual shall not require the grant of an Award to any other Eligible Individual in such period or in any other period. 

5.3 Procedures with Respect to Performance-Based Awards. To the extent necessary to comply with the requirements of
Section 162(m)(4)(C) of the Code, with respect to any Award which is intended to qualify as Performance-Based Compensation, no later than ninety (90) days following the commencement of any Performance Period or any designated fiscal period
or period of service (or such earlier time as may be required under Section 162(m) of the Code), the Committee shall, in writing, (a) designate one or more Eligible Individuals; (b) select the Performance Criteria applicable to the
Performance Period; (c) establish the Performance Goals, and amounts of such Awards, as applicable, which may be earned for such Performance Period based on the Performance Criteria; and (d) specify the relationship between Performance
Criteria and the Performance Goals and the amounts of such Awards, as applicable, to be earned by each Covered Employee for such Performance Period. Following the completion of each Performance Period, the Committee shall certify in writing whether
and the extent to which the applicable Performance Goals have been achieved for such Performance Period. In determining the amount earned under such Awards, unless otherwise provided in an Award Agreement, the Committee shall have the right to
reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional factors that the Committee may deem relevant, including the assessment of individual or corporate performance for the
Performance Period. 
 5.4 Payment of Performance-Based Awards. Unless otherwise provided in the applicable Program or
Award Agreement (and only to the extent otherwise permitted by Section 162(m)(4)(C) of the Code), the holder of an Award that is intended to qualify as Performance-Based Compensation must be employed by the Company or an Affiliate throughout
the applicable Performance Period. Unless otherwise provided in the applicable Performance Goals, Program or Award Agreement, a Participant shall be eligible to receive payment pursuant to such Awards for a Performance Period only if and to the
extent the Performance Goals for such Performance Period are achieved. 
 5.5 Additional Limitations. Notwithstanding any
other provision of the Plan and except as otherwise determined by the Administrator, any Award which is granted to an Eligible Individual and is intended to qualify 

  
 10 

 
as Performance-Based Compensation shall be subject to any additional limitations imposed by Section 162(m) of the Code that are requirements for qualification as Performance-Based
Compensation, and the Plan, the Program and the Award Agreement shall be deemed amended to the extent necessary to conform to such requirements. 
 ARTICLE 6. 
 GRANTING OF OPTIONS 

6.1 Granting of Options to Eligible Individuals. The Administrator is authorized to grant Options to Eligible Individuals from
time to time, in its sole discretion, on such terms and conditions as it may determine which shall not be inconsistent with the Plan. 
 6.2 Qualification of Incentive Stock Options. No Incentive Stock Option shall be granted to any person who is not an Employee of the Company or any “parent corporation” or
“subsidiary corporation” of the Company (as defined in Sections 424(e) and 424(f) of the Code, respectively). No person who qualifies as a Greater Than 10% Stockholder may be granted an Incentive Stock Option unless such Incentive Stock
Option conforms to the applicable provisions of Section 422 of the Code. Any Incentive Stock Option granted under the Plan may be modified by the Administrator, with the consent of the Participant, to disqualify such Option from treatment as an
“incentive stock option” under Section 422 of the Code. To the extent that the aggregate fair market value of stock with respect to which “incentive stock options” (within the meaning of Section 422 of the Code, but
without regard to Section 422(d) of the Code) are exercisable for the first time by a Participant during any calendar year under the Plan and all other plans of the Company or any “parent corporation” or “subsidiary
corporation” of the Company (as defined in Section 424(e) and 424(f) of the Code, respectively) exceeds one hundred thousand dollars ($100,000), the Options shall be treated as Non-Qualified Stock Options to the extent required by
Section 422 of the Code. The rule set forth in the preceding sentence shall be applied by taking Options and other “incentive stock options” into account in the order in which they were granted and the Fair Market Value of stock shall
be determined as of the time the respective options were granted. In addition, to the extent that any Options otherwise fail to qualify as Incentive Stock Options, such Options shall be treated as Nonqualified Stock Options. 

6.3 Option Exercise Price. The exercise price per Share subject to each Option shall be set by the Administrator, but shall not be
less than one hundred percent (100%) of the Fair Market Value of a Share on the date the Option is granted (or, as to Incentive Stock Options, on the date the Option is modified, extended or renewed for purposes of Section 424(h) of the
Code). In addition, in the case of Incentive Stock Options granted to a Greater Than 10% Stockholder, such price shall not be less than one hundred ten percent (110%) of the Fair Market Value of a Share on the date the Option is granted (or the
date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code). 
 6.4 Option Term.
The term of each Option shall be set by the Administrator in its sole discretion; provided, however, that the term shall not be more than ten (10) years from the date the Option is granted, or five (5) years from the date an
Incentive Stock Option is granted to a Greater Than 10% Stockholder. The Administrator shall determine the time period, including the time period following a Termination of Service, during which the Participant has the right to exercise the vested
Options, which time period may not extend beyond the stated term of the Option. Except as limited by the requirements of Section 409A or Section 422 of the Code, subject to the limitations set forth in the first sentence of this
Section 6.4, the Administrator may extend the term of any outstanding Option, and may extend the time period during which vested Options may be exercised, in connection with any Termination of Service of the Participant, and may amend any other
term or condition of such Option relating to such a Termination of Service. 

  
 11 

 6.5 Option Vesting. 

(a) The terms and conditions pursuant to which an Option vests in the Participant and becomes exercisable shall be determined by the
Administrator and set forth in the applicable Award Agreement. Such vesting may be based on service with the Company or any Affiliate, any of the Performance Criteria, or any other criteria selected by the Administrator. At any time after the grant
of an Option, the Administrator may, in its sole discretion and subject to whatever terms and conditions it selects, accelerate the vesting of the Option. 
 (b) No portion of an Option which is unexercisable at a Participant’s Termination of Service shall thereafter become exercisable, except as may be otherwise provided by the Administrator either in an
applicable Program, the applicable Award Agreement or by action of the Administrator following the grant of the Option. 
 6.6
Substitute Awards. Notwithstanding the foregoing provisions of this Article 6 to the contrary, in the case of an Option that is a Substitute Award, the price per Share of the Shares subject to such Option may be less than the Fair Market
Value per share on the date of grant, provided, however, that the exercise price of any Substitute Award shall be determined in accordance with the applicable requirements of Sections 424 and 409A of the Code. 

6.7 Substitution of Stock Appreciation Rights. The Administrator may, in its sole discretion, substitute an Award of Stock
Appreciation Rights for an outstanding Option at any time prior to or upon exercise of such Option; provided, however, that such Stock Appreciation Rights shall be exercisable with respect to the same number of Shares for which
such substituted Option would have been exercisable, and shall also have the same exercise price and remaining term as the substituted Option. 
 ARTICLE 7. 
 EXERCISE OF OPTIONS 

7.1 Partial Exercise. An exercisable Option may be exercised in whole or in part. However, an Option shall not be exercisable with
respect to fractional shares and the Administrator may require that, by the terms of the Option, a partial exercise must be with respect to a minimum number of Shares. 
 7.2 Manner of Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all of the following to the Secretary of the Company, or such other person or entity
designated by the Administrator, or his or its office, as applicable: 
 (a) A written or electronic notice complying with the
applicable rules established by the Administrator stating that the Option, or a portion thereof, is exercised. The notice shall be signed by the Participant or other person then entitled to exercise the Option or such portion of the Option;

 (b) Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect
compliance with Applicable Law. The Administrator may, in its sole discretion, also take such additional actions as it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing
stop-transfer notices to agents and registrars; 
 (c) In the event that the Option shall be exercised pursuant to
Section 11.3 hereof by any person or persons other than the Participant, appropriate proof of the right of such person or persons to exercise the Option, as determined in the sole discretion of the Administrator; and 

(d) Full payment of the exercise price and applicable withholding taxes to the stock administrator of the Company for the Shares with
respect to which the Option, or portion thereof, is exercised, in a manner permitted by the Administrator in accordance with Sections 11.1 and 11.2 hereof. 

  
 12 

 7.3 Notification Regarding Disposition. The Participant shall give the Company prompt
written or electronic notice of any disposition of Shares acquired by exercise of an Incentive Stock Option which occurs within (a) two (2) years after the date of granting (including the date the Option is modified, extended or renewed
for purposes of Section 424(h) of the Code) of such Option to such Participant, or (b) one (1) year after the date of transfer of such Shares to such Participant. 

ARTICLE 8. 

RESTRICTED STOCK 
 8.1 Award of Restricted Stock. 
 (a) The Administrator is authorized to
grant Restricted Stock to Eligible Individuals, and shall determine the terms and conditions, including the restrictions applicable to each award of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan, and may impose
such conditions on the issuance of such Restricted Stock as it deems appropriate. 
 (b) The Administrator shall establish the
purchase price, if any, and form of payment for Restricted Stock; provided, however, that if a purchase price is charged, such purchase price shall be no less than the par value of the Shares to be purchased, unless otherwise permitted
by Applicable Law. In all cases, legal consideration shall be required for each issuance of Restricted Stock to the extent required by Applicable Law. 
 8.2 Rights as Stockholders. Subject to Section 8.4 hereof, upon issuance of Restricted Stock, the Participant shall have, unless otherwise provided by the Administrator, all the rights of a
stockholder with respect to said shares, subject to the restrictions in an applicable Program or in the applicable Award Agreement, including the right to receive all dividends and other distributions paid or made with respect to the shares;
provided, however, that, in the sole discretion of the Administrator, any extraordinary distributions with respect to the shares shall be subject to the restrictions set forth in Section 8.3 hereof. 

8.3 Restrictions. All shares of Restricted Stock (including any shares received by Participants thereof with respect to shares of
Restricted Stock as a result of stock dividends, stock splits or any other form of recapitalization) shall, in the terms of an applicable Program or the applicable Award Agreement, be subject to such restrictions and vesting requirements as the
Administrator shall provide. Such restrictions may include, without limitation, restrictions concerning voting rights and transferability and such restrictions may lapse separately or in combination at such times and pursuant to such circumstances
or based on such criteria as selected by the Administrator, including, without limitation, criteria based on the Participant’s continued employment, directorship or consultancy with the Company, the Performance Criteria, Company or Affiliate
performance, individual performance or other criteria selected by the Administrator. By action taken after the Restricted Stock is issued, the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the
vesting of such Restricted Stock by removing any or all of the restrictions imposed by the terms of any Program or by the applicable Award Agreement. Restricted Stock may not be sold or encumbered until all restrictions are terminated or expire.

 8.4 Repurchase or Forfeiture of Restricted Stock. If no purchase price was paid by the Participant for the Restricted
Stock, upon a Termination of Service, the Participant’s rights in unvested Restricted Stock then subject to restrictions shall lapse and be forfeited, and such Restricted Stock shall be surrendered to the Company and cancelled without
consideration. If a purchase price was paid by the Participant for the Restricted Stock, upon a Termination of Service the Company shall have the right to repurchase from the Participant the unvested Restricted Stock then-subject to restrictions at
a cash price per share equal to the price paid by the Participant for such Restricted Stock or such other amount as may be specified in an applicable Program or the applicable Award Agreement. The Administrator in its sole discretion may provide
that, upon certain events, including 

  
 13 

 
without limitation a Change in Control, the Participant’s death, retirement or disability, any other specified Termination of Service or any other event, the Participant’s rights in
unvested Restricted Stock shall not terminate, such Restricted Stock shall vest and cease to be forfeitable and, if applicable, the Company shall cease to have a right of repurchase. 

8.5 Certificates for Restricted Stock. Restricted Stock granted pursuant to the Plan may be evidenced in such manner as the
Administrator shall determine. Certificates or book entries evidencing shares of Restricted Stock must include an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock, and the Company may, in
its sole discretion, retain physical possession of any stock certificate until such time as all applicable restrictions lapse. 

ARTICLE 9. 

PERFORMANCE AWARDS; DIVIDEND EQUIVALENTS; STOCK PAYMENTS; 
 RESTRICTED STOCK UNITS; PERFORMANCE SHARES; OTHER INCENTIVE 
 AWARDS;
PROFITS INTEREST UNITS 
 9.1 Performance Awards. 

(a) The Administrator is authorized to grant Performance Awards to any Eligible Individual and to determine whether such Performance
Awards shall be Performance-Based Compensation. The value of Performance Awards may be linked to any one or more of the Performance Criteria or other specific criteria determined by the Administrator, in each case on a specified date or dates or
over any period or periods determined by the Administrator. 
 (b) Without limiting Section 9.1(a) hereof, the
Administrator may grant Performance Awards to any Eligible Individual in the form of a cash bonus payable upon the attainment of objective Performance Goals, or such other criteria, whether or not objective, which are established by the
Administrator, in each case on a specified date or dates or over any period or periods determined by the Administrator. Any such bonuses paid to a Participant which are intended to be Performance-Based Compensation shall be based upon objectively
determinable bonus formulas established in accordance with the provisions of Article 5 hereof. 
 9.2 Dividend
Equivalents. 
 (a) Subject to Section 9.2(b) hereof, Dividend Equivalents may be granted by the Administrator, either
alone or in tandem with another Award, based on dividends declared on the Common Stock, to be credited as of dividend payment dates during the period between the date the Dividend Equivalents are granted to a Participant and the date such Dividend
Equivalents terminate or expire, as determined by the Administrator. Such Dividend Equivalents shall be converted to cash or additional Shares by such formula and at such time and subject to such limitations as may be determined by the
Administrator. In addition, Dividend Equivalents with respect to Shares covered by a Performance Award shall only be paid out to the Participant at the same time or times and to the same extent that the vesting conditions, if any, are subsequently
satisfied and the Performance Award vests with respect to such Shares. 
 (b) Notwithstanding the foregoing, no Dividend
Equivalents shall be payable with respect to Options or Stock Appreciation Rights. 
 9.3 Stock Payments. The
Administrator is authorized to make one or more Stock Payments to any Eligible Individual. The number or value of Shares of any Stock Payment shall be determined by the Administrator and may be based upon one or more Performance Criteria or any
other specific criteria, including service to the Company or any Affiliate, determined by the Administrator. Stock Payments may, but are not required to be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such
Eligible Individual. 

  
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 9.4 Restricted Stock Units. The Administrator is authorized to grant Restricted Stock
Units to any Eligible Individual. The number and terms and conditions of Restricted Stock Units shall be determined by the Administrator. The Administrator shall specify the date or dates on which the Restricted Stock Units shall become fully vested
and nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including conditions based on one or more Performance Criteria or other specific criteria, including service to the Company or any Affiliate, in each case, on a
specified date or dates or over any period or periods, as determined by the Administrator. The Administrator shall specify, or may permit the Participant to elect, the conditions and dates upon which the Shares underlying the Restricted Stock Units
shall be issued, which dates shall not be earlier than the date as of which the Restricted Stock Units vest and become nonforfeitable and which conditions and dates shall be consistent with the applicable provisions of Section 409A of the Code
or an exemption therefrom. On the distribution dates, the Company shall issue to the Participant one unrestricted, fully transferable Share (or the Fair Market Value of one such Share in cash) for each vested and nonforfeitable Restricted Stock
Unit. 
 9.5 Performance Share Awards. Any Eligible Individual selected by the Administrator may be granted one or more
Performance Share awards which shall be denominated in a number of Shares and the vesting of which may be linked to any one or more of the Performance Criteria, other specific performance criteria (in each case on a specified date or dates or over
any period or periods determined by the Administrator) and/or time-vesting or other criteria, as determined by the Administrator. 
 9.6 Other Incentive Awards. The Administrator is authorized to grant Other Incentive Awards to any Eligible Individual, which Awards may cover Shares or the right to purchase Shares or have a
value derived from the value of, or an exercise or conversion privilege at a price related to, or that are otherwise payable in or based on, Shares, shareholder value or shareholder return, in each case, on a specified date or dates or over any
period or periods determined by the Administrator. Other Incentive Awards may be linked to any one or more of the Performance Criteria or other specific performance criteria determined appropriate by the Administrator. 

9.7 Profits Interest Units. The Administrator is authorized to grant Profits Interest Units in such amount and subject to such
terms and conditions as may be determined by the Administrator; provided, however, that Profits Interest Units may only be issued to a Participant for the performance of services to or for the benefit of the Partnership
(a) in the Participant’s capacity as a partner of the Partnership, (b) in anticipation of the Participant becoming a partner of the Partnership, or (c) as otherwise determined by the Administrator, provided that the
Profits Interest Units are intended to constitute “profits interests” within the meaning of the Code, including, to the extent applicable, Revenue Procedure 93-27, 1993-2 C.B. 343 and Revenue Procedure 2001-43, 2001-2 C.B. 191. The
Administrator shall specify the conditions and dates upon which the Profits Interest Units shall vest and become nonforfeitable. Profits Interest Units shall be subject to the terms and conditions of the Partnership Agreement and such other
restrictions, including restrictions on transferability, as the Administrator may impose. These restrictions may lapse separately or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the
Administrator determines at the time of the grant of the Award or thereafter. 
 9.8 Granting of Profits Interest Units to
Non-Employee Directors. 
 (a) Pro-Rata Grant. During the term of the Plan, commencing after the Effective Date, each
person who first becomes a Non-Employee Director of the Company on a date other than the date of an annual meeting of the Company’s stockholders shall, on the date of such person first becoming a Non-Employee Director of the Company, be granted
a number of Profits Interest Units equal to the product of (A) the quotient obtained by dividing (x) $100,000 by (y) the Fair Market Value of a Share on such date, multiplied by (B) the quotient obtained by dividing
(x) twelve (12) minus the number of whole months that have elapsed since the immediately preceding annual meeting of the Company’s stockholders, by (y) twelve (12) (the “Pro-Rata Grant”). 

(b) Annual Grant. During the term of the Plan, commencing as of the 2014 Annual Meeting, each person who first becomes a
Non-Employee Director of the Company at such annual meeting and each person who otherwise continues to be a Non-Employee Director of the Company immediately following such annual 

  
 15 

 
meeting shall, on the date of the 2014 Annual Meeting and on each subsequent annual meeting occurring thereafter, be granted a number of Profits Interest Units equal to the quotient obtained by
dividing (x) $100,000 by (y) the Fair Market Value of a Share on the date of such annual meeting (the “Annual Grant”). A Director who is also an Employee who subsequently incurs a termination of employment and remains on
the Board will not receive a Pro-Rata Grant, but, to the extent such Director is otherwise eligible, will receive Annual Grants after such termination of his status as an Employee. 

(c) Stock in Lieu of Profits Interests. Notwithstanding the foregoing, effective with respect to any grant of Profits Interest
Units to a Non-Employee Director of the Company pursuant to this Section 9.8, such Non-Employee Director of the Company may elect in advance to receive in lieu thereof an equivalent number of Shares in the form of a Stock Payment or Restricted
Stock, as applicable, which shall be subject to the same vesting schedule (if any) that would have applied to the corresponding grant of Profits Interest Units. Notwithstanding the foregoing, in the event that a Non-Employee Director of the Company
does not qualify as an “accredited investor” within the meaning of Regulation D of the Securities Act, on the date of any grant of Profits Interest Units to such Non-Employee Director of the Company pursuant to this Section 9.8, then
such Non-Employee Director of the Company shall not receive such grant of Profits Interest Units and in lieu thereof shall automatically be granted an equivalent number of Shares in the form of a Stock Payment or Restricted Stock, as applicable,
which shall be subject to the same vesting schedule (if any) as would have applied to the corresponding grant of Profits Interest Units. 
 (d) Vesting. Each Annual Grant and Pro-Rata Grant shall be fully vested on the date of grant. Consistent with the foregoing, the terms and conditions of such Profits Interest Units (including,
without limitation, any transfer restrictions related thereto) shall be set forth in an Award Agreement to be entered into by the Company and each Non-Employee Director of the Company which shall evidence the grant of the Profits Interest Units.

 (e) As of the Effective Date, (i) Awards made to Non-Employee Directors of the Company pursuant to this Section 9.8
shall be in lieu of all future Awards to Non-Employee Directors of the Company under Section 8.10 of the Prior Plan, and (ii) with respect to future Awards, the provisions of this Section 9.8 shall replace and supersede the relevant
provisions of Section 8.10 of the Prior Plan. 
 9.9 Other Terms and Conditions. All applicable terms and conditions
of each Award described in this Article 9, including without limitation, as applicable, the term, vesting conditions and exercise/purchase price applicable to the Award, shall be set by the Administrator in its sole discretion, provided,
however, that the value of the consideration paid by a Participant for an Award shall not be less than the par value of a Share, unless otherwise permitted by Applicable Law. 

9.10 Exercise upon Termination of Service. Awards described in this Article 9 are exercisable or distributable, as applicable,
only while the Participant is an Employee, Director or Consultant, as applicable. The Administrator, however, in its sole discretion may provide that such Award may be exercised or distributed subsequent to a Termination of Service as provided under
an applicable Program, Award Agreement, payment deferral election and/or in certain events, including without limitation, a Change in Control, the Participant’s death, retirement or disability or any other specified Termination of Service.

 ARTICLE 10. 
 STOCK APPRECIATION RIGHTS 
 10.1 Grant of Stock Appreciation Rights.

 (a) The Administrator is authorized to grant Stock Appreciation Rights to Eligible Individuals from time to time, in its sole
discretion, on such terms and conditions as it may determine consistent with the Plan. 

  
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 (b) A Stock Appreciation Right shall entitle the Participant (or other person entitled to
exercise the Stock Appreciation Right pursuant to the Plan) to exercise all or a specified portion of the Stock Appreciation Right (to the extent then-exercisable pursuant to its terms) and to receive from the Company an amount determined by
multiplying the difference obtained by subtracting the exercise price per Share of the Stock Appreciation Right from the Fair Market Value on the date of exercise of the Stock Appreciation Right by the number of Shares with respect to which the
Stock Appreciation Right shall have been exercised, subject to any limitations the Administrator may impose. Except as described in Section 10.1(c) hereof, the exercise price per Share subject to each Stock Appreciation Right shall be set by
the Administrator, but shall not be less than one hundred percent (100%) of the Fair Market Value on the date the Stock Appreciation Right is granted. 
 (c) Notwithstanding the foregoing provisions of Section 10.1(b) hereof to the contrary, in the case of a Stock Appreciation Right that is a Substitute Award, the price per share of the shares subject
to such Stock Appreciation Right may be less than 100% of the Fair Market Value per share on the date of grant; provided, however, that the exercise price of any Substitute Award shall be determined in accordance with the applicable
requirements of Sections 424 and 409A of the Code. 
 10.2 Stock Appreciation Right Vesting. 

(a) The Administrator shall determine the period during which the Participant shall vest in a Stock Appreciation Right and have the right
to exercise such Stock Appreciation Rights (subject to Section 10.4 hereof) in whole or in part. Such vesting may be based on service with the Company or any Affiliate, any of the Performance Criteria or any other criteria selected by the
Administrator. At any time after grant of a Stock Appreciation Right, the Administrator may, in its sole discretion and subject to whatever terms and conditions it selects, accelerate the period during which the Stock Appreciation Right vests.

 (b) No portion of a Stock Appreciation Right which is unexercisable at Termination of Service shall thereafter become
exercisable, except as may be otherwise provided by the Administrator either in an applicable Program or Award Agreement or by action of the Administrator following the grant of the Stock Appreciation Right. 

10.3 Manner of Exercise. All or a portion of an exercisable Stock Appreciation Right shall be deemed exercised upon delivery of
all of the following to the stock administrator of the Company, or such other person or entity designated by the Administrator, or his or its office, as applicable: 
 (a) A written or electronic notice complying with the applicable rules established by the Administrator stating that the Stock Appreciation Right, or a portion thereof, is exercised. The notice shall be
signed by the Participant or other person then-entitled to exercise the Stock Appreciation Right or such portion of the Stock Appreciation Right; 
 (b) Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect compliance with all applicable provisions of the Securities Act and any other
federal, state or foreign securities laws or regulations. The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such compliance; 

(c) In the event that the Stock Appreciation Right shall be exercised pursuant to this Section 10.3 by any person or persons other
than the Participant, appropriate proof of the right of such person or persons to exercise the Stock Appreciation Right; and 

(d) Full payment of the applicable withholding taxes for the Shares with respect to which the Stock Appreciation Rights, or portion
thereof, are exercised, in a manner permitted by the Administrator in accordance with Sections 11.1 and 11.2 hereof. 
 10.4
Stock Appreciation Right Term. The term of each Stock Appreciation Right shall be set by the Administrator in its sole discretion; provided, however, that the term shall not be more than ten (10) years from

  
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the date the Stock Appreciation Right is granted. The Administrator shall determine the time period, including the time period following a Termination of Service, during which the Participant has
the right to exercise the vested Stock Appreciation Rights, which time period may not extend beyond the expiration date of the Stock Appreciation Right term. Except as limited by the requirements of Section 409A of the Code, subject to the
limitations set forth in the first sentence of this Section 10.4, the Administrator may extend the term of any outstanding Stock Appreciation Right, and may extend the time period during which vested Stock Appreciation Rights may be exercised,
in connection with any Termination of Service of the Participant, and may amend any other term or condition of such Stock Appreciation Right relating to such a Termination of Service. 

ARTICLE 11. 
 ADDITIONAL TERMS OF AWARDS 
 11.1 Payment. The Administrator shall
determine the methods by which payments by any Participant with respect to any Awards granted under the Plan shall be made, including, without limitation: (a) cash or check, (b) Shares (including, in the case of payment of the exercise
price of an Award, Shares issuable pursuant to the exercise of the Award) held for such period of time as may be required by the Administrator in order to avoid adverse accounting consequences, in each case, having a Fair Market Value on the date of
delivery equal to the aggregate payments required, (c) delivery of a written or electronic notice that the Participant has placed a market sell order with a broker with respect to Shares then-issuable upon exercise or vesting of an Award, and
that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the aggregate payments required; provided, however, that payment of such proceeds is then made to
the Company upon settlement of such sale, or (d) other form of legal consideration acceptable to the Administrator. The Administrator shall also determine the methods by which Shares shall be delivered or deemed to be delivered to Participants.
Notwithstanding any other provision of the Plan to the contrary, no Participant who is a Director or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to make payment with
respect to any Awards granted under the Plan, or continue any extension of credit with respect to such payment with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act. 

11.2 Tax Withholding. The Company and its Affiliates shall have the authority and the right to deduct or withhold, or require a
Participant to remit to the Company or an Affiliate, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant’s social security, Medicare and any other employment tax obligation) required by law to be
withheld with respect to any taxable event concerning a Participant arising in connection with any Award. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Participant to satisfy such obligations
by any payment means described in Section 11.1 hereof, including without limitation, by allowing such Participant to elect to have the Company or an Affiliate withhold Shares otherwise issuable under an Award (or allow the surrender of Shares).
The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase no greater than the aggregate amount of such liabilities based on the
minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent
with applicable provisions of the Code, for tax withholding obligations due in connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise
price or any tax withholding obligation. 
 11.3 Transferability of Awards. 

(a) Except as otherwise provided in Section 11.3(b) or (c) hereof: 

(i) No Award under the Plan may be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and
distribution or, subject to the consent of the Administrator, pursuant to a 

  
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DRO, unless and until such Award has been exercised, or the Shares underlying such Award have been issued, and all restrictions applicable to such Shares have lapsed; 

(ii) No Award or interest or right therein shall be subject to the debts, contracts or engagements of the Participant or his successors
in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy,
attachment, garnishment or any other legal or equitable proceedings (including bankruptcy) unless and until such Award has been exercised, or the Shares underlying such Award have been issued, and all restrictions applicable to such Shares have
lapsed, and any attempted disposition of an Award prior to the satisfaction of these conditions shall be null and void and of no effect, except to the extent that such disposition is permitted by clause (i) of this provision; and 

(iii) During the lifetime of the Participant, only the Participant may exercise an Award (or any portion thereof) granted to him under
the Plan, unless it has been disposed of pursuant to a DRO; after the death of the Participant, any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Program or Award
Agreement, be exercised by his personal representative or by any person empowered to do so under the deceased Participant’s will or under the then-applicable laws of descent and distribution. 

(b) Notwithstanding Section 11.3(a) hereof, the Administrator, in its sole discretion, may determine to permit a Participant or a
Permitted Transferee of such Participant to transfer an Award other than an Incentive Stock Option (unless such Incentive Stock Option is to become a Non-Qualified Stock Option) to any one or more Permitted Transferees of such Participant, subject
to the following terms and conditions: (i) an Award transferred to a Permitted Transferee shall not be assignable or transferable by the Permitted Transferee (other than to another Permitted Transferee of the applicable Participant) other than
by will or the laws of descent and distribution; (ii) an Award transferred to a Permitted Transferee shall continue to be subject to all the terms and conditions of the Award as applicable to the original Participant (other than the ability to
further transfer the Award); and (iii) the Participant (or transferring Permitted Transferee) and the Permitted Transferee shall execute any and all documents requested by the Administrator, including without limitation, documents to
(A) confirm the status of the transferee as a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under applicable federal, state and foreign securities laws and (C) evidence the transfer. In addition,
and further notwithstanding Section 11.3(a) hereof, the Administrator, in its sole discretion, may determine to permit a Participant to transfer Incentive Stock Options to a trust that constitutes a Permitted Transferee if, under
Section 671 of the Code and applicable state law, the Participant is considered the sole beneficial owner of the Incentive Stock Option while it is held in the trust. 
 (c) Notwithstanding Section 11.3(a) hereof, a Participant may, in the manner determined by the Administrator, designate a beneficiary to exercise the rights of the Participant and to receive any
distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any
Program or Award Agreement applicable to the Participant, except to the extent the Plan, the Program and the Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Administrator. If the
Participant is married or a domestic partner in a domestic partnership qualified under Applicable Law and resides in a “community property” state, a designation of a person other than the Participant’s spouse or domestic partner, as
applicable, as his beneficiary with respect to more than fifty percent (50%) of the Participant’s interest in the Award shall not be effective without the prior written or electronic consent of the Participant’s spouse or domestic
partner. If no beneficiary has been designated or survives the Participant, payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary
designation may be changed or revoked by a Participant at any time provided the change or revocation is delivered to the Administrator prior to the Participant’s death. 

  
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 11.4 Conditions to Issuance of Shares. 

(a) Notwithstanding anything herein to the contrary, neither the Company nor its Affiliates shall be required to issue or deliver any
certificates or make any book entries evidencing Shares pursuant to the exercise of any Award, unless and until the Administrator has determined, with advice of counsel, that the issuance of such Shares is in compliance with Applicable Law, and the
Shares are covered by an effective registration statement or applicable exemption from registration. In addition to the terms and conditions provided herein, the Administrator may require that a Participant make such reasonable covenants,
agreements, and representations as the Administrator, in its discretion, deems advisable in order to comply with any such Applicable Law. 
 (b) All Share certificates delivered pursuant to the Plan and all Shares issued pursuant to book entry procedures are subject to any stop-transfer orders and other restrictions as the Administrator deems
necessary or advisable to comply with Applicable Law. The Administrator may place legends on any Share certificate or book entry to reference restrictions applicable to the Shares. 

(c) The Administrator shall have the right to require any Participant to comply with any timing or other restrictions with respect to the
settlement, distribution or exercise of any Award, including a window-period limitation, as may be imposed in the sole discretion of the Administrator. 
 (d) No fractional Shares shall be issued and the Administrator shall determine, in its sole discretion, whether cash shall be given in lieu of fractional Shares or whether such fractional Shares shall be
eliminated by rounding down. 
 (e) Notwithstanding any other provision of the Plan, unless otherwise determined by the
Administrator or required by Applicable Law, the Company and/or its Affiliates may, in lieu of delivering to any Participant certificates evidencing Shares issued in connection with any Award, record the issuance of Shares in the books of the
Company (or, as applicable, its transfer agent or stock plan administrator). 
 11.5 Forfeiture and Claw-Back Provisions.

 (a) Pursuant to its general authority to determine the terms and conditions applicable to Awards under the Plan, the
Administrator shall have the right to provide, in the terms of Awards made under the Plan, or to require a Participant to agree by separate written or electronic instrument, that: (i) any proceeds, gains or other economic benefit actually or
constructively received by the Participant upon any receipt or exercise of the Award, or upon the receipt or resale of any Shares underlying the Award, must be paid to the Company, and (ii) the Award shall terminate and any unexercised portion
of the Award (whether or not vested) shall be forfeited, if (x) a Termination of Service occurs prior to a specified date, or within a specified time period following receipt or exercise of the Award, (y) the Participant at any time, or
during a specified time period, engages in any activity in competition with the Company, or which is inimical, contrary or harmful to the interests of the Company, as further defined by the Administrator or (z) the Participant incurs a
Termination of Service for cause; and 
 (b) All Awards (including any proceeds, gains or other economic benefit actually or
constructively received by the Participant upon any receipt or exercise of any Award or upon the receipt or resale of any Shares underlying the Award) shall be subject to the applicable provisions of any claw-back policy implemented by the Company,
whether implemented prior to or after the grant of such Award, including without limitation, any claw-back policy adopted to comply with the requirements of Applicable Law, including without limitation, the Dodd-Frank Wall Street Reform and Consumer
Protection Act and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy and/or in the applicable Award Agreement. 
 11.6 Prohibition on Repricing. Subject to Section 13.2 hereof, the Administrator shall not, without the approval of the stockholders of the Company, (a) authorize the amendment of any
outstanding Option or Stock 

  
 20 

 
Appreciation Right to reduce its price per share, or (b) cancel any Option or Stock Appreciation Right in exchange for cash or another Award when the Option or Stock Appreciation Right price
per share exceeds the Fair Market Value of the underlying Shares. Subject to Section 13.2 hereof, the Administrator shall have the authority, without the approval of the stockholders of the Company, to amend any outstanding award to increase
the price per share or to cancel and replace an Award with the grant of an Award having a price per share that is greater than or equal to the price per share of the original Award. 

11.7 Cash Settlement. Without limiting the generality of any other provision of the Plan, the Administrator may provide, in an
Award Agreement or subsequent to the grant of an Award, in its discretion, that any Award may be settled in cash, Shares or a combination thereof. 
 11.8 Leave of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder shall not be suspended during any unpaid leave of absence. A Participant shall not cease to
be considered an Employee, Non-Employee Director or Consultant, as applicable, in the case of any (a) leave of absence approved by the Company, (b) transfer between locations of the Company or between the Company and any of its Affiliates
or any successor thereof, or (c) change in status (Employee to Director, Employee to Consultant, etc.), provided that such change does not affect the specific terms applying to the Participant’s Award. 

11.9 Terms May Vary Between Awards. The terms and conditions of each Award shall be determined by the Administrator in its sole
discretion and the Administrator shall have complete flexibility to provide for varied terms and conditions as between any Awards, whether of the same or different Award type and/or whether granted to the same or different Participants (in all
cases, subject to the terms and conditions of the Plan). 
 ARTICLE 12. 

ADMINISTRATION 
 12.1 Administrator. The Committee (or another committee or a subcommittee of the Board assuming the functions of the Committee under the Plan) shall administer the Plan (except as otherwise
permitted herein) and, unless otherwise determined by the Board, shall consist solely of two or more Non-Employee Directors of the Company appointed by and holding office at the pleasure of the Board, each of whom is intended to qualify as a
“non-employee director” as defined by Rule 16b-3 of the Exchange Act, an “outside director” for purposes of Section 162(m) of the Code and an “independent director” under the rules of any securities exchange or
automated quotation system on which the Shares are listed, quoted or traded, in each case, to the extent required under such provision; provided, however, that any action taken by the Committee shall be valid and effective,
whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements for membership set forth in this Section 12.l or otherwise provided in the Company’s charter or bylaws or any
charter of the Committee. Except as may otherwise be provided in any charter of the Committee, appointment of Committee members shall be effective upon acceptance of appointment, Committee members may resign at any time by delivering written or
electronic notice to the Board, and vacancies in the Committee may only be filled by the Board. Notwithstanding the foregoing, (a) the full Board, acting by a majority of its members in office, shall conduct the general administration of the
Plan with respect to Awards granted to Non-Employee Directors of the Company and (b) the Board or Committee may delegate its authority hereunder to the extent permitted by Section 12.6 hereof. 

12.2 Duties and Powers of Administrator. It shall be the duty of the Administrator to conduct the general administration of the
Plan in accordance with its provisions. The Administrator shall have the power to interpret the Plan and all Programs and Award Agreements, and to adopt such rules for the administration, interpretation and application of the Plan and any Program as
are not inconsistent with the Plan, to interpret, amend or revoke any such rules and to amend any Program or Award Agreement provided that the rights or obligations of the holder of the Award that is the subject of any such Program or Award
Agreement are not affected adversely by 

  
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such amendment, unless the consent of the Participant is obtained or such amendment is otherwise permitted under Section 13.13 hereof. Any such grant or award under the Plan need not be the
same with respect to each Participant. Any such interpretations and rules with respect to Incentive Stock Options shall be consistent with the provisions of Section 422 of the Code. In its sole discretion, the Board may at any time and from
time to time exercise any and all rights and duties of the Committee under the Plan except with respect to matters which under Rule 16b-3 under the Exchange Act, Section 162(m) of the Code, or the rules
of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded are required to be determined in the sole discretion of the Committee. 

12.3 Action by the Committee. Unless otherwise established by the Board or in the Committee’s charter, the Company’s
charter or bylaws or as required by Applicable Law, a majority of the Committee shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in writing by all members of
the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of
the Company or any Affiliate, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan. 

12.4 Authority of Administrator. Subject to any specific designation in the Plan and Applicable Law, the Administrator has the
exclusive power, authority and sole discretion to: 
 (a) Designate Eligible Individuals to receive Awards; 

(b) Determine the type or types of Awards to be granted to each Eligible Individual; 

(c) Determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(d) Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price,
grant price, or purchase price, any performance criteria, any reload provision, any restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and
accelerations or waivers thereof, and any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Administrator in its sole discretion determines; 

(e) Determine whether, to what extent, and under what circumstances an Award may be settled in, or the exercise price of an Award may be
paid in cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 
 (f) Prescribe
the form of each Award Agreement, which need not be identical for each Participant; 
 (g) Determine as between the Company, the
Services Company, the Partnership and any Subsidiary which entity will make payments with respect to an Award, consistent with applicable securities laws and other Applicable Law; 

(h) Decide all other matters that must be determined in connection with an Award; 

(i) Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan; 

(j) Interpret the terms of, and any matter arising pursuant to, the Plan, any Program or any Award Agreement; and 

  
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 (k) Make all other decisions and determinations that may be required pursuant to the Plan or
as the Administrator deems necessary or advisable to administer the Plan. 
 12.5 Decisions Binding. The
Administrator’s interpretation of the Plan, any Awards granted pursuant to the Plan, any Program, any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final, binding, and conclusive on all
parties. 
 12.6 Delegation of Authority. To the extent permitted by Applicable Law, the Board or Committee may from time
to time delegate to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to this Article 12; provided, however,
that in no event shall an officer of the Company be delegated the authority to grant Awards to, or amend Awards held by, the following individuals: (a) individuals who are subject to Section 16 of the Exchange Act, (b) Covered
Employees with respect to Awards intended to constitute Performance-Based Compensation, or (c) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided, further, that
any delegation of administrative authority shall only be permitted to the extent it is permissible under Section 162(m) of the Code and other Applicable Law. Any delegation hereunder shall be subject to the restrictions and limits that the
Board or Committee specifies at the time of such delegation, and the Board or Committee, as applicable, may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 12.6
shall serve in such capacity at the pleasure of the Board and the Committee. 
 ARTICLE 13. 

MISCELLANEOUS PROVISIONS 
 13.1 Amendment, Suspension or Termination of the Plan. Except as otherwise provided in this Section 13.1, the Plan may be wholly or partially amended or otherwise modified, suspended or
terminated at any time or from time to time by the Board. However, without approval of the Company’s stockholders given within twelve (12) months before or after the action by the Administrator, no action of the Administrator may, except
as provided in Section 13.2 hereof, (i) increase the Share Limit or any Individual Award Limit, (ii) reduce the price per share of any outstanding Option or Stock Appreciation Right granted under the Plan, or (iii) cancel any
Option or Stock Appreciation Right in exchange for cash or another Award in violation of Section 11.6 hereof. Except as provided in Section 13.13 hereof, no amendment, suspension or termination of the Plan shall, without the consent of the
Participant, impair any rights or obligations under any Award theretofore granted or awarded, unless the Award itself otherwise expressly so provides. Notwithstanding anything herein to the contrary, no Incentive Stock Option shall be granted under
the Plan after the tenth (10th) anniversary of the
Effective Date. 
 13.2 Changes in Common Stock or Assets of the Company, Acquisition or Liquidation of the Company and Other
Corporate Events. 
 (a) In the event of any stock dividend, stock split, combination or exchange of shares, merger,
consolidation or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of the Company’s stock or the share price of the Company’s stock other than an Equity
Restructuring, the Administrator may make equitable adjustments, if any, to reflect such change with respect to (i) the aggregate number and kind of shares that may be issued under the Plan (including, but not limited to, adjustments of the
Share Limit and Individual Award Limits); (ii) the number and kind of Shares (or other securities or property) subject to outstanding Awards; (iii) the terms and conditions of any outstanding Awards (including, without limitation, any
applicable performance targets or criteria with respect thereto); and/or (iv) the grant or exercise price per share for any outstanding Awards under the Plan. Any adjustment affecting an Award intended as Performance-Based Compensation shall be
made consistent with the requirements of Section 162(m) of the Code unless otherwise determined by the Administrator. 

  
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 (b) In the event of any transaction or event described in Section 13.2(a) hereof or any
unusual or nonrecurring transactions or events affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in Applicable Law or accounting principles, the Administrator, in its sole discretion,
and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event, is hereby authorized to take any one or more of the following actions whenever the
Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to any Award under the Plan, to facilitate such
transactions or events or to give effect to such changes in laws, regulations or principles: 
 (i) To provide for either
(A) termination of any such Award in exchange for an amount of cash and/or other property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights (and, for the
avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this Section 13.2, the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or
realization of the Participant’s rights, then such Award may be terminated by the Company without payment) or (B) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion; 

(ii) To provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be
substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices; 

(iii) To make adjustments in the number and type of securities subject to outstanding Awards and Awards which may be granted in the
future and/or in the terms, conditions and criteria included in such Awards (including the grant or exercise price, as applicable); 
 (iv) To provide that such Award shall be exercisable or payable or fully vested with respect to all securities covered thereby, notwithstanding anything to the contrary in the Plan or an applicable
Program or Award Agreement; and 
 (v) To provide that the Award cannot vest, be exercised or become payable after such event.

 (c) In connection with the occurrence of any Equity Restructuring, and notwithstanding anything to the contrary in Sections
13.2(a) and 13.2(b) hereof: 
 (i) The number and type of securities subject to each outstanding Award and the exercise price or
grant price thereof, if applicable, shall be equitably adjusted; and/or 
 (ii) The Administrator shall make such equitable
adjustments, if any, as the Administrator in its discretion may deem appropriate to reflect such Equity Restructuring with respect to the aggregate number and kind of shares that may be issued under the Plan (including, but not limited to,
adjustments to the Share Limit and the Individual Award Limits). 
 The adjustments provided under this Section 13.2(c)
shall be nondiscretionary and shall be final and binding on the affected Participant and the Company. 
 (d) Except as may
otherwise be provided in any applicable Award Agreement or other written agreement entered into between the Company (or an Affiliate) and a Participant, if a Change in Control occurs and a Participant’s outstanding Awards are not continued,
converted, assumed, or replaced by the surviving or successor entity in such Change in Control, then immediately prior to the Change in Control such outstanding Awards, to the extent not continued, converted, assumed, or replaced, shall become fully
vested and, as applicable, exercisable, and all forfeiture, repurchase and other restrictions on such Awards shall lapse. Upon, or 

  
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in anticipation of, a Change in Control, the Administrator may cause any and all Awards outstanding hereunder to terminate at a specific time in the future, including but not limited to the date
of such Change in Control, and shall give each Participant the right to exercise such Awards during a period of time as the Administrator, in its sole and absolute discretion, shall determine. For the avoidance of doubt, if the value of an Award
that is terminated in connection with this Section 13.2(d) is zero or negative at the time of such Change in Control, such Award shall be terminated upon the Change in Control without payment of consideration therefor. 

(e) The Administrator may, in its sole discretion, include such further provisions and limitations in any Award, agreement or
certificate, as it may deem equitable and in the best interests of the Company that are not inconsistent with the provisions of the Plan. 
 (f) With respect to Awards which are granted to Covered Employees and are intended to qualify as Performance-Based Compensation, no adjustment or action described in this Section 13.2 or in any other
provision of the Plan shall be authorized to the extent that such adjustment or action would cause such Award to fail to so qualify as Performance-Based Compensation, unless the Administrator determines that the Award should not so qualify. No
adjustment or action described in this Section 13.2 or in any other provision of the Plan shall be authorized to the extent that such adjustment or action would cause the Plan to violate Section 422(b)(1) of the Code. Furthermore, no such
adjustment or action shall be authorized with respect to any Award to the extent such adjustment or action would result in short-swing profits liability under Section 16 of the Exchange Act or violate the exemptive conditions of Rule 16b-3 of
the Exchange Act unless the Administrator determines that the Award is not to comply with such exemptive conditions. 
 (g) The
existence of the Plan, any Program, any Award Agreement and/or any Award granted hereunder shall not affect or restrict in any way the right or power of the Company, the stockholders of the Company or any Affiliate to make or authorize any
adjustment, recapitalization, reorganization or other change in the Company’s or such Affiliate’s capital structure or its business, any merger or consolidation of the Company or any Affiliate, any issue of stock or of options, warrants or
rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Common Stock, the securities of any Affiliate or the rights thereof or which are convertible into or exchangeable for
Common Stock or securities of any Affiliate, or the dissolution or liquidation of the Company or any Affiliate, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar
character or otherwise. 
 (h) No action shall be taken under this Section 13.2 which shall cause an Award to fail to
comply with Section 409A of the Code or an exemption therefrom, in either case, to the extent applicable to such Award, unless the Administrator determines any such adjustments to be appropriate. 

(i) In the event of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other
distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the Shares or the share price of the Common Stock including any Equity Restructuring, for reasons of administrative convenience, the
Company in its sole discretion may refuse to permit the exercise of any Award during a period of thirty (30) days prior to the consummation of any such transaction. 
 13.3 Approval of Plan by Stockholders. The Plan shall be submitted for the approval of the Company’s stockholders within twelve (12) months after the date of the Board’s initial
adoption of the Plan. Awards may be granted or awarded prior to such stockholder approval, provided, however, that such Awards shall not be exercisable, shall not vest and the restrictions thereon shall not lapse and no Shares shall be
issued pursuant thereto prior to the time when the Plan is approved by the Company’s stockholders, and provided, further, that if such approval has not been obtained at the end of such twelve (12)-month period, all such Awards previously
granted or awarded under the Plan shall thereupon be canceled and become null and void. 

  
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 13.4 No Stockholders Rights. Except as otherwise provided herein or in an applicable
Program or Award Agreement, a Participant shall have none of the rights of a stockholder with respect to Shares covered by any Award until the Participant becomes the record owner of such Shares. 

13.5 Paperless Administration. In the event that the Company establishes, for itself or using the services of a third party, an
automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may be permitted
through the use of such an automated system. 
 13.6 Section 83(b) Election. No Participant may make an election
under Section 83(b) of the Code with respect to any Award under the Plan without the consent of the Administrator, which the Administrator may grant or withhold in its sole discretion. If, with the consent of the Administrator, a Participant
makes an election under Section 83(b) of the Code to be taxed with respect to the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Participant would otherwise be taxable
under Section 83(a) of the Code, the Participant shall be required to deliver a copy of such election to the Company promptly after filing such election with the Internal Revenue Service. 

13.7 Grant of Awards to Certain Employees or Consultants. The Company, the Partnership or any Subsidiary may provide through the
establishment of a formal written policy or otherwise for the method by which Shares or other securities of the Company or the Partnership may be issued and by which such Shares or other securities and/or payment therefor may be exchanged or
contributed among such entities, or may be returned upon any forfeiture of Shares or other securities by the Participant. 

13.8 REIT Status. The Plan shall be interpreted and construed in a manner consistent with the Company’s status as a REIT. No
Award shall be granted or awarded, and with respect to any Award granted under the Plan, such Award shall not vest, be exercisable or be settled: 
 (a) to the extent that the grant, vesting, exercise or settlement of such Award could cause the Participant or any other person to be in violation of the Common Stock Ownership Limit or the Aggregate
Stock Ownership Limit (each as defined in the Company’s charter, as amended from time to time) or any other provision of Section 6.2.1 of the Company’s charter; or 

(b) if, in the discretion of the Administrator, the grant, vesting, exercise or settlement of such Award could impair the Company’s
status as a REIT. 
 13.9 Effect of Plan upon Other Compensation Plans. The adoption of the Plan shall not affect any
other compensation or incentive plans in effect for the Company or any Affiliate. Nothing in the Plan shall be construed to limit the right of the Company or any Affiliate: (a) to establish any other forms of incentives or compensation for
Employees, Directors or Consultants of the Company or any Affiliate or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose including without limitation, the
grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, partnership, limited liability company, firm or association. 

13.10 Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan, the issuance and delivery of Shares and
Profits Interest Units and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all Applicable Law and to such approvals by any listing, regulatory or governmental authority as may, in the
opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities delivered under the Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Company,
provide such assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all Applicable Law. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded hereunder shall
be deemed amended to the extent necessary to conform to such Applicable Law. 

  
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 13.11 Titles and Headings, References to Sections of the Code or Exchange Act. The
titles and headings of the sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the Code or the Exchange Act
shall include any amendment or successor thereto. 
 13.12 Governing Law. The Plan and any Programs or Award Agreements
hereunder shall be administered, interpreted and enforced under the internal laws of the State of California without regard to conflicts of laws thereof. 
 13.13 Section 409A. To the extent that the Administrator determines that any Award granted under the Plan is subject to Section 409A of the Code, the Plan, any applicable Program and the
Award Agreement covering such Award shall be interpreted in accordance with Section 409A of the Code. Notwithstanding any provision of the Plan to the contrary, in the event that, following the Effective Date, the Administrator determines that
any Award may be subject to Section 409A of the Code, the Administrator may adopt such amendments to the Plan, any applicable Program and the Award Agreement or adopt other policies and procedures (including amendments, policies and procedures
with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to avoid the imposition of taxes on the Award under Section 409A of the Code, either through compliance with the requirements of
Section 409A of the Code or with an available exemption therefrom. 
 13.14 No Rights to Awards. No Eligible
Individual or other person shall have any claim to be granted any Award pursuant to the Plan, and neither the Company nor the Administrator is obligated to treat Eligible Individuals, Participants or any other persons uniformly. 

13.15 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect
to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any
Affiliate. 
 13.16 Indemnification. To the extent allowable pursuant to Applicable Law and the Company’s charter
and bylaws, each member of the Board and any officer or other employee to whom authority to administer any component of the Plan is delegated shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may
be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to which he may be a party or in which he may be involved by reason of any action or failure to act pursuant to the
Plan and against and from any and all amounts paid by him in satisfaction of judgment in such action, suit, or proceeding against him or her; provided, however, that he gives the Company an opportunity, at its own expense, to handle
and defend the same before he undertakes to handle and defend it on his own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the
Company’s charter or bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
 13.17 Relationship to other Benefits. No payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group
insurance, welfare or other benefit plan of the Company or any Affiliate except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder. 

13.18 Expenses. The expenses of administering the Plan shall be borne by the Company and its Affiliates. 

*  *  *  *  * 

  
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 I hereby certify that the foregoing Plan was duly adopted by the Board of Directors of
Digital Realty Trust, Inc. on March 18, 2014. 
 *  *  *  *  * 

I hereby certify that the foregoing Plan was approved by the stockholders of Digital Realty Trust, Inc. on April 28, 2014. 

[SIGNATURE PAGE FOLLOWS] 

  
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 Executed on this 28th day of April, 2014. 

 

	
	 /s/ Joshua A. Mills

	 Joshua A. Mills

	 Senior Vice President, General Counsel and Assistant Secretary

 [Signature Page to 2014 Incentive Award Plan] 

  
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