Document:

Exhibit 10.2

 

	 

 

$275,000,000

 

CREDIT AGREEMENT

 

dated as of September 26, 2014,

 

among

 

NORTHSTAR REALTY FINANCE CORP.,

 

as Borrower,

 

THE LENDERS PARTY HERETO

 

And

 

UBS AG, STAMFORD BRANCH,

 

as Administrative Agent

 

	 

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	Section	 	Page
	 	 	 
	ARTICLE I DEFINITIONS
	 	 	 
	SECTION 1.01	Defined Terms	1
	SECTION 1.02	Classification of Loan	20
	SECTION 1.03	Terms Generally	20
	SECTION 1.04	Accounting Terms; GAAP	21
	 	 	 
	ARTICLE II THE CREDITS
	 	 	 
	SECTION 2.01	Reserved	21
	SECTION 2.02	The Loan	21
	SECTION 2.03	Evidence of Debt; Repayment of the Loan	22
	SECTION 2.04	Administrative Agent Fees	22
	SECTION 2.05	Interest Based on Type of Loan	22
	SECTION 2.06	Interest Conversions	23
	SECTION 2.07	Maturity of the Loan	24
	SECTION 2.08	Optional and Mandatory Prepayments	24
	SECTION 2.09	Alternate Rate of Interest	26
	SECTION 2.10	Yield Protection	27
	SECTION 2.11	Breakage Costs	28
	SECTION 2.12	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	28
	SECTION 2.13	Taxes	30
	SECTION 2.14	Mitigation Obligations	33
	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES
	 	 	 
	SECTION 3.01	Organization; Powers	34
	SECTION 3.02	Authorization; Enforceability	34
	SECTION 3.03	No Conflicts	34
	SECTION 3.04	Material Adverse Changes	34
	SECTION 3.05	Properties	34
	SECTION 3.06	Intellectual Property	35
	SECTION 3.07	Litigation; Compliance with Laws	35
	SECTION 3.08	Agreements	35
	SECTION 3.09	Federal Reserve Regulations	35
	SECTION 3.10	Investment Company Act	36
	SECTION 3.11	Use of Proceeds	36
	SECTION 3.12	Taxes	36
	SECTION 3.13	No Material Misstatements	36
	SECTION 3.14	Solvency	36
	SECTION 3.15	Labor Matters	37
	SECTION 3.16	Reserved	37

 

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	SECTION 3.17	Employee Benefit Plans	37
	SECTION 3.18	Environmental Matters	37
	SECTION 3.19	Insurance	38
	SECTION 3.20	Anti-Terrorism and Anti-Money Laundering Laws	38
	SECTION 3.21	Foreign Corrupt Practices	39
	 	 	 
	ARTICLE IV AFFIRMATIVE COVENANTS
	 	 	 
	SECTION 4.01	Financial Statements, Reports, etc.	39
	SECTION 4.02	Litigation and Other Notices	40
	SECTION 4.03	Existence; Businesses and Properties	41
	SECTION 4.04	Maintenance of Property	42
	SECTION 4.05	Obligations and Taxes	42
	SECTION 4.06	Maintaining Records; Access to Properties and Inspections; Annual Meetings	42
	SECTION 4.07	Use of Proceeds	43
	SECTION 4.08	Compliance with Environmental Laws; Environmental Reports	43
	 	 	 
	ARTICLE V NEGATIVE COVENANTS
	 	 	 
	SECTION 5.01	Indebtedness	43
	SECTION 5.02	Liens	45
	SECTION 5.03	Reserved	47
	SECTION 5.04	Limitation on Fundamental Changes	47
	SECTION 5.05	Business	48
	SECTION 5.06	Limitation on Accounting Changes	48
	SECTION 5.07	Fiscal Year	48
	SECTION 5.08	Compliance with Anti-Terrorism and Anti-Money Laundering Laws	48
	 	 	 
	ARTICLE VI EVENTS OF DEFAULT
	 	 	 
	SECTION 6.01	Events of Default	49
	 	 	 
	ARTICLE VII THE ADMINISTRATIVE AGENT
	 	 	 
	SECTION 7.01	Appointment and Authority	51
	SECTION 7.02	Rights as a Lender	52
	SECTION 7.03	Exculpatory Provisions	52
	SECTION 7.04	Reliance by Administrative Agent	53
	SECTION 7.05	Delegation of Duties	53
	SECTION 7.06	Resignation of Agent	53
	SECTION 7.07	Non-Reliance on Agent and Other Lenders	54
	SECTION 7.08	Withholding Tax	54
	SECTION 7.09	Reserved	55
	SECTION 7.10	Enforcement	55

 

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	ARTICLE VIII MISCELLANEOUS
	 	 	 
	SECTION 8.01	Notices	55
	SECTION 8.02	Waivers; Amendment	58
	SECTION 8.03	Expenses; Indemnity; Damage Waiver	60
	SECTION 8.04	Successors and Assigns	62
	SECTION 8.05	Survival of Agreement	65
	SECTION 8.06	Counterparts; Integration; Effectiveness	65
	SECTION 8.07	Severability	65
	SECTION 8.08	Right of Setoff	65
	SECTION 8.09	Governing Law; Jurisdiction; Consent to Service of Process	66
	SECTION 8.10	Waiver of Jury Trial	67
	SECTION 8.11	Headings	67
	SECTION 8.12	Treatment of Certain Information; Confidentiality	67
	SECTION 8.13	USA PATRIOT Act Notice and Customer Identification Information and Verification	68
	SECTION 8.14	Interest Rate Limitation	68

 

	SCHEDULES	 
	 	 
	Schedule A	Loan Schedule
	Schedule B	Indebtedness Existing on the Closing Date
	 	 
	EXHIBITS	 
	 	 
	Exhibit A	Form of Assignment and Assumption
	Exhibit B	Form of Non-Bank Certificate

 

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CREDIT AGREEMENT

 

This CREDIT AGREEMENT
(this "Agreement") dated as of September 26, among NORTHSTAR REALTY FINANCE CORP, a Maryland corporation ("Borrower"),
the Lenders from time to time a party hereto and UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity, "Administrative
Agent") for the Lenders.

 

WITNESSETH:

 

Borrower has requested
the Lenders to extend credit in the form of a Loan to be made on the Borrowing Date in the initial principal amount set forth on
the Loan Schedule.

 

The Lenders are willing
to extend such credit to Borrower on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto
agree as follows:

 

ARTICLE
I

DEFINITIONS

 

SECTION
1.01      Defined Terms.

 

As used in this Agreement,
the following terms shall have the meanings specified below:

 

"ABR",
is used when the Loan is bearing interest at a rate determined by reference to the Alternate Base Rate.

 

"ABR Loan"
shall mean a Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions
of Article II.

 

"Adjusted LIBOR
Rate" shall mean, if the Loan is a Eurodollar Loan, for any Interest Period, (a) an interest rate per annum (rounded
upward, if necessary, to the nearest 1/100th of 1%) determined by the Administrative Agent to be equal to the LIBOR Rate for the
Loan in effect for such Interest Period divided by (b) 1 minus the Statutory Reserves (if any) for the Loan for such
Interest Period.

 

"Administrative
Agent" shall have the meaning assigned to such term in the preamble hereto and includes each other person appointed as
the successor pursuant to Article VII.

 

"Administrative
Agent Fees" shall have the meaning assigned to such term in Section 2.04.

 

"Administrative
Questionnaire" shall mean an Administrative Questionnaire in a form supplied by the Administrative Agent.

 

"Affiliate"
shall mean, when used with respect to a specified person, another person that directly, or indirectly through one or more intermediaries,
Controls or is Controlled by or is under common Control with the person specified.

 

"Agent"
shall mean the Administrative Agent.

 

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"Agreement"
shall have the meaning assigned to such term in the preamble hereto.

 

"Alternate
Base Rate" shall mean, for any day, a fluctuating rate per annum (rounded upward, if necessary, to the nearest 1/100th
of 1%) equal to the greatest of (a) the Base Rate in effect on such day, (b) the Federal Funds Effective Rate in effect
on such day plus 0.50% and (c) the Adjusted LIBOR Rate for an Interest Period of one-month beginning on such day (or
if such day is not a Business Day, on the immediately preceding Business Day) plus 100 basis points. If the Administrative Agent
shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal
Funds Effective Rate for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations
in accordance with the terms of the definition thereof, the Alternate Base Rate shall be determined without regard to clause (b)
of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base
Rate due to a change in the Base Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change
in the Base Rate or the Federal Funds Effective Rate, respectively.

 

"Anti-Money
Laundering Laws" shall mean any Requirements of Law related to money laundering, including 18 U.S.C. §§ 1956
and 1957 and the Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq., as amended by the Uniting and Strengthening America
by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act ("USA PATRIOT Act") of 2001 (Title
III of Pub. L. 107-56), and its implementing regulations (collectively, the "Bank Secrecy Act").

 

"Anti-Terrorism
Laws" shall mean any Requirements of Law related to terrorism financing and economic sanctions, including the Trading
With the Enemy Act (50 U.S.C. § 1 et seq., as amended), the International Emergency Economic Powers Act (50 U.S.C. §1701
et seq., as amended) and Executive Order 13224 (effective September 24, 2001), and their implementing regulations.

 

"Applicable
Margin" shall mean the applicable margin set forth in the Loan Schedule.

 

"Approved Fund"
shall mean any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate
of an entity that administers or manages a Lender.

 

"Assignment
and Assumption" shall mean an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by Section 8.04(b)), and accepted by the Administrative Agent, in substantially
the form of Exhibit A, or any other form approved by the Administrative Agent.

 

"Base Rate"
shall mean, for any day, a rate per annum that is equal to the corporate base rate of interest established by the Administrative
Agent from time to time; each change in the Base Rate shall be effective on the date such change is effective. The corporate base
rate is not necessarily the lowest rate charged by the Administrative Agent to its customers.

 

"Board"
shall mean the Board of Governors of the Federal Reserve System of the United States.

 

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"Board of Directors"
shall mean, with respect to any person, (i) in the case of any corporation, the board of directors of such person, (ii) in
the case of any limited liability company, the board of managers of such person or if there is none, the Board of Directors of
the managing member of such Person, (iii) in the case of any partnership, the Board of Directors of the general partner of
such person and (iv) in any other case, the functional equivalent of the foregoing.

 

"Borrower"
shall have the meaning assigned to such term in the preamble hereto.

 

"Borrowing"
shall mean an extension of credit by the Lender to Borrower in the form of the Loan made hereunder on the Borrowing Date.

 

"Borrowing
Date" shall mean the date of the Borrowing hereunder and specified on the Loan Schedule.

 

"Breakage Cost"
shall have the meaning set forth in Section 2.11.

 

"Business Day"
shall mean any day other than a Saturday, Sunday or other day on which banks in New York City are authorized or required by law
to close; provided, however, that when used in connection with (a) a Eurodollar Loan, the term "Business
Day" shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market.

 

"Cash Available
For Distribution" shall mean net income (loss) attributable to common stockholders in the Borrower calculated in accordance
with GAAP, adjusted by adding (or subtracting) non-controlling interests attributable to a Borrower operating partnership, if any,
and the following items: depreciation and amortization items including depreciation and amortization, straight-line rental income
or expense, amortization of above/below market leases, amortization of deferred financing costs, amortization of discount on financings
and other, and equity-based compensation; cash flow related to CDO equity interests; accretion of consolidated CDO bond discounts;
non-cash net interest income in consolidated CDOs; unrealized gain (loss) from the change in fair value; realized gain (loss) on
investments and other, excluding accelerated amortization related to sales of CDO bonds or other investments; provision for (reversal
of) loan losses; impairment on property; acquisition gains or losses; distributions to joint venture partners; transaction costs;
foreign currency gains (losses); impairment on goodwill and other intangible assets and gains (losses) on sales; and one-time events
pursuant to changes in GAAP and certain other non-recurring items. For example, Cash Available For Distribution has been adjusted
to exclude non-recurring gain (loss) from deconsolidation of certain CDOs. These items, if applicable, include any adjustments
for unconsolidated ventures. For the avoidance of doubt, the calculation of "Cash Available For Distribution" as provided
herein should be consistent with the calculation of Cash Available For Distribution disclosed in any financial statements of the
Borrower.

 

"Cash Equivalents"
shall mean, as at any date of determination, any of the following: (a) marketable direct obligations issued by, or unconditionally
guaranteed by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United
States, in each case maturing within one year from the date of acquisition; (b) certificates of

 

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deposit, time deposits,
eurodollar time deposits, bankers' acceptances or overnight bank deposits having maturities of one year or less from the date of
acquisition issued by any Lender or by any commercial bank organized under the laws of the United States of America, any state
thereof, the District of Columbia, any foreign bank, or its branches or agencies (fully protected against currency fluctuations),
in each case, having combined capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer rated at least
A-2 by S&P or P-2 by Moody's, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two
named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing one year or less from the date
of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b)
of this definition, having a term of no more than 30 days with respect to securities issued or fully guaranteed or insured by the
United States government; (e) shares of money market mutual or similar funds which invest exclusively in assets satisfying the
requirements of clauses (a) through (d) of this definition; and (f) the equivalents of the foregoing in any jurisdiction
in which any Subsidiary is organized or doing business.

 

"Casualty Event"
shall mean any involuntary loss of title, any involuntary loss of, damage to or any destruction of, or any condemnation or other
taking (including by any Governmental Authority) of, any property of Borrower or any of its Subsidiaries. "Casualty Event"
shall include but not be limited to any taking of all or any part of any Real Property of any person or any part thereof, in or
by condemnation or other eminent domain proceedings pursuant to any Requirements of Law, or by reason of the temporary requisition
of the use or occupancy of all or any part of any Real Property of any person or any part thereof by any Governmental Authority,
civil or military, or any settlement in lieu thereof.

 

"CERCLA"
shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. § 9601
et seq. and all implementing regulations.

 

A "Change in
Control" shall mean means the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any "person" (as that term is used in Section 13(d)(3) of the Exchange Act) becomes
the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 50% of
Borrower's then outstanding Voting Stock or other Voting Stock into which its Voting Stock is reclassified, consolidated, exchanged
or changed, measured by voting power rather than number of shares.

 

"Change
in Law" shall mean the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking into effect of any law, treaty, order, policy, rule or regulation, (b) any change in any law, treaty, order, policy,
rule or regulation or in the administration, interpretation or application thereof by any Governmental Authority or (c) the
making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority;
provided that notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection
Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith shall be deemed to be a "Change
in Law", regardless of the date enacted, adopted or issued.

 

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"Charges"
shall have the meaning assigned to such term in Section 8.14.

 

"Closing Date"
shall mean the date of this Agreement.

 

"Code"
shall mean the Internal Revenue Code of 1986, as amended.

 

"Commonly Controlled
Entity" means an entity, whether or not incorporated, which is under common control with Borrower within the meaning of
Section 4001 of ERISA or is part of a group which includes Borrower and which is treated as a single employer under Section 414
of the Code.

 

"Companies"
shall mean Borrower and its Subsidiaries; and "Company" shall mean any one of them.

 

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

 

"Control"
shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies
of a person, whether through the ownership of voting securities, by contract or otherwise, and the terms "Controlling"
and "Controlled" shall have meanings correlative thereto.

 

"Conversion
Make-Whole Amounts" shall have the meaning specified in Section 2.06(b).

 

"Credit Enhancement
Agreements" means, collectively, any documents, instruments, guarantees or agreements entered into by Borrower or any
Securitization Entity for the purpose of providing credit support (that is reasonably customary as determined by Borrower) with
respect to any Securitization Indebtedness.

 

"Credit Event
Determination" shall have the meaning given in the 2003 ISDA Credit Derivatives Definitions as published by the International
Swaps and Derivatives Association, Inc.

 

"Credit Extension"
shall mean the making of a Loan by a Lender.

 

"Cut-Off Date"
shall mean the date of this Agreement.

 

"Default"
shall mean any event, occurrence or condition which is, or upon notice, lapse of time or both would constitute, an Event of Default.

 

"Default Rate"
shall have the meaning assigned to such term in Section 2.05(d).

 

"Derivative
Transaction" means (i) a rate swap transaction, swap option, basis swap, forward rate transaction, commodity swap, commodity
option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction,
cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate

 

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swap transaction, currency
option, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread
transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back transaction, securities lending transaction,
weather index transaction or forward purchase or sale of a security, commodity or other financial instrument or interest (including
any option with respect to any of these transactions) or (ii) which is a type of transaction that is similar to any transaction
referred to in clause (i) above that is currently, or in the future becomes, recurrently entered into in the financial markets
(including terms and conditions incorporated by reference in such agreement) and which is a forward, swap, future, option or other
derivative on one or more rates, currencies, commodities, equity securities or other equity instruments, debt securities or other
debt instruments, economic indices or measures of economic risk or value, or other benchmarks against which payments or deliveries
are to be made, or (iii) any combination of these transactions.

 

"dollars"
or "$" shall mean lawful money of the United States.

 

"Domestic Subsidiary"
shall mean any Subsidiary that is organized or existing under the laws of the United States, any state thereof or the District
of Columbia.

 

"EBITDA"
means, for any period, without duplication, an amount equal to Cash Available For Distribution of the Borrower and its consolidated
Subsidiaries on a consolidated basis for such period plus, to the extent deducted in computing Cash Available For Distribution
for such period, interest expense for such period plus the provision for Federal, state, local and foreign income taxes payable
of the Borrower and its consolidated Subsidiaries plus the amount of dividends or distributions paid or required to be paid during
such period in respect of preferred Equity Interests (excluding any balloon payments payable on maturity of such Equity Interests).
Notwithstanding anything herein to the contrary, EBITDA for the four-fiscal quarter period ending (a) on September 30, 2014 shall
equal (x) EBITDA for the fiscal quarter ending September 30, 2014 times (y) 4; (b) on December 31, 2014 shall equal (x) EBITDA
for the two consecutive fiscal quarter period ending December 31, 2014 times (y) 2; (c) on March 31, 2015 shall equal (x) EBITDA
for the three consecutive fiscal quarter period ending March 31, 2015 times (y) 4/3; and (d) after March 31, 2015 shall be EBITDA
for the most recent four-fiscal quarter period then ended.

 

"Eligible Assignee"
shall mean any person to whom the Loan (or a portion thereof) is permitted to be assigned pursuant to Section 8.04(b)(i);
provided that "Eligible Assignee" shall not include Borrower or any of its Affiliates or Subsidiaries or any natural
person.

 

"Embargoed
Person" shall mean any party that (i) is publicly identified on the most current list of "Specially Designated Nationals
and Blocked Persons" published by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC"),
is a "designated national" pursuant to OFAC's Cuban Assets Control Regulations (31 C.F.R. 515.305), or resides, is organized
or chartered, or has a place of business in a country or territory that is prohibited pursuant to the OFAC sanctions programs or
(ii) is publicly identified as prohibited from doing business with the United States under the International Emergency Economic
Powers Act, the Trading With the Enemy Act, or any other Requirements of Law.

 

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"Environment"
shall mean ambient air, indoor air, surface water and groundwater (including potable water, navigable water and wetlands), the
land surface or subsurface strata, natural resources, the workplace or as otherwise defined in any Environmental Law.

 

"Environmental
Claim" shall mean any claim, notice, demand, order, action, suit, proceeding or other communication alleging liability
for or obligation with respect to any investigation, remediation, removal, cleanup, response, corrective action, damages to natural
resources, personal injury, property damage, fines, penalties or other costs resulting from, related to or arising out of (i) the
presence, Release or threatened Release in or into the Environment of Hazardous Material at any location or (ii) any violation
or alleged violation of any Environmental Law, and shall include any claim seeking damages, contribution, indemnification, cost
recovery, compensation or injunctive relief resulting from, related to or arising out of the presence, Release or threatened Release
of Hazardous Material or alleged injury or threat of injury to health, safety or the Environment.

 

"Environmental
Law" shall mean any and all present and future federal, state, local and foreign laws, treaties, laws, statutes, ordinances,
regulations, rules, decrees, orders, judgments, consent orders, consent decrees, code or other binding requirements, and the common
law, relating to protection of public health or the Environment, the processing, manufacturing, generation, handling, disposal,
transportation, Release or threatened Release of Hazardous Material, natural resources or natural resource damages, or occupational
safety or health, and any and all Environmental Permits.

 

"Environmental
Permit" shall mean any permit, license, approval, registration, notification, exemption, consent or other authorization
required by or from a Governmental Authority under Environmental Law.

 

"Equity Interest"
shall mean, with respect to any person, any and all shares, interests, participations or other equivalents, including membership
interests (however designated, whether voting or nonvoting), of equity of such person, including, if such person is a partnership,
partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to
receive a share of the profits and losses of, or distributions of property of, such partnership, whether outstanding on the Cut-Off
Date or issued after the Cut-Off Date, but excluding debt securities convertible or exchangeable into such equity.

 

"ERISA"
shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time.

 

"ERISA Affiliate"
shall mean, with respect to any person, any trade or business (whether or not incorporated) that, together with such person, is
treated as a single employer under Section 414 of the Code.

 

"ERISA Event"
shall mean (a) any "reportable event," as defined in Section 4043 of ERISA or the regulations issued thereunder,
with respect to a Plan (other than an event for which the 30-day notice period is waived by regulation); (b) with respect
to a Plan, the failure to satisfy the minimum funding standard of Section 412 of the Code and Section 302 of ERISA, whether
or not waived; (c) the failure to make by its due date a required installment under Section 430(j)

 

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of the Code with respect
to any Plan or the failure to make any required contribution to a Multiemployer Plan; (d) the filing pursuant to Section 412(c)
of the Code or Section 303(d) of ERISA (or after the effective date of the Pension Protection Act of 2006, Section 412(c)
of the Code and Section 302(c) of ERISA) of an application for a waiver of the minimum funding standard with respect to any
Plan; (e) the incurrence by any Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect
to the termination of any Plan; (f) the receipt by any Company or any of its ERISA Affiliates from the PBGC or a plan administrator
of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, or the occurrence
of any event or condition which could reasonably be expected to constitute grounds under ERISA for the termination of, or the appointment
of a trustee to administer, any Plan; (g) the incurrence by any Company or any of its ERISA Affiliates of any liability with
respect to the withdrawal from any Plan or Multiemployer Plan; (h) the receipt by any Company or its ERISA Affiliates of any
notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
insolvent or in reorganization, within the meaning of Title IV of ERISA; (i) the "substantial cessation of operations"
within the meaning of Section 4062(e) of ERISA with respect to a Plan; (j) the imposition of a lien or the posting of
a bond or other security; and (k) the occurrence of a nonexempt prohibited transaction (within the meaning of Section 4975
of the Code or Section 406 of ERISA) which could reasonably be expected to result in liability to any Company.

 

"Eurodollar
Loan" shall mean a Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with
the provisions of Article II.

 

"Events of
Default" shall have the meaning assigned to such term in Section 6.01.

 

"Excess Amount"
shall have the meaning assigned to such term in Section 2.08(d).

 

"Exchange Act"
shall mean the Securities Exchange Act of 1934, as amended.

 

"Excluded Taxes"
shall mean, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account
of any obligation of Borrower hereunder, (a) Taxes imposed on or measured by its net income or profits and franchise Taxes
imposed on it or branch profits Taxes, however denominated, by a jurisdiction as a result of the recipient being organized or having
its principal office or, in the case of any Lender, its applicable lending office in such jurisdiction, or that are Other Connection
Taxes, (b) in the case of a Lender (other than an assignee pursuant to a request by Borrower under Section 2.14), any
U.S. federal withholding Tax that is imposed on amounts payable to or for the account of such Lender pursuant to any Requirements
of Law that are in effect at the time such Foreign Lender becomes a party hereto, except to the extent that such Foreign Lender's
assignor, if any, was entitled, immediately prior to such assignment, to receive additional amounts or indemnity payments from
Borrower with respect to such withholding tax pursuant to Section 2.13, (c) in the case of a Lender who designates
a new lending office, any U.S. federal withholding Tax that is imposed on amounts payable to or for the account of such Lender
pursuant to any Requirements of Law that are in effect at the time of such change in lending office, except to the extent that
such Foreign Lender was entitled, immediately prior to such change in lending office, to receive additional amounts or indemnity
payments from Borrower with respect to such withholding Tax

 

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pursuant to Section 2.13,
(d) any U.S. federal withholding Tax that is attributable to such Lender's failure to comply with Section 2.13(f),
or (e) any withholding Taxes imposed under FATCA.

 

"FATCA"
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future U.S. Treasury regulations or official administrative
interpretations thereof, any treaty, law, regulation, intergovernmental agreement or other official guidance enacted by any other
jurisdiction or relating to an intergovernmental agreement between the United States and any other jurisdiction, which in either
case, facilitates the implementation of Sections 1471 through 1474 of the Code, and any agreements entered into pursuant to Section
1471(b)(1) of the Code or in connection with an intergovernmental agreement between the United States and any other jurisdiction
that facilitates the implementation of Section 1471 through 1474 of the Code.

 

"Federal Funds
Effective Rate" shall mean, for any day, the weighted average of the rates on overnight federal funds transactions with
members of the Federal Reserve System of the United States arranged by federal funds brokers, as published on the next succeeding
Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day,
the average of the quotations for the day for such transactions received by the Administrative Agent from three federal funds brokers
of recognized standing selected by it.

 

"Financial
Officer" of any person shall mean the chief financial officer, principal accounting officer, treasurer, chief accounting
officer or controller of such person.

 

"FIRREA"
shall mean the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.

 

"Fixed Charge
Coverage Ratio" means, as of any date of determination, the ratio of EBITDA for the period of twelve calendar months ending
on, or ended immediately prior to, such date of determination to Fixed Charges for such period.

 

"Fixed Charges"
shall mean, with respect to any date of determination, the amount of interest paid in cash by Borrower during the period of twelve
calendar months ending on, or ended immediately prior to, such date of determination, with respect to Indebtedness that is recourse
to Borrower and dividends paid by Borrower on its issued and outstanding preferred Equity Interests. For Indebtedness that is partially
recourse to Borrower, "Fixed Charges" includes cash interest expense paid by Borrower on the recourse portion.

 

"Fixed Rate"
shall mean, with respect to a Fixed Rate Loan, the fixed rate of interest set forth in the Loan Schedule.

 

"Fixed Rate
Loan" shall mean a Loan issued hereunder bearing a fixed rate of interest.

 

"Fixed Rate
Quotation Request" shall have the meaning specified in Section 2.06(b).

 

"Foreign Lender"
shall mean any Lender that is not, for United States federal income tax purposes, (i) an individual who is a citizen or resident
of the United States, (ii) a corporation,

 

    	- 9 -

    	 

    

  

partnership or other
entity treated as a corporation or partnership created or organized in or under the laws of the United States, or any political
subdivision thereof, (iii) an estate whose income is subject to U.S. federal income taxation regardless of its source or (iv) a
trust if a court within the United States is able to exercise primary supervision over the administration of such trust and one
or more United States persons have the authority to control all substantial decisions of such trust.

 

"Foreign Subsidiary"
shall mean a Subsidiary that is organized under the laws of a jurisdiction other than the United States or any state thereof or
the District of Columbia.

 

"Fund"
shall mean any person that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and
similar extensions of credit in the ordinary course of its business.

 

"GAAP"
shall mean generally accepted accounting principles in the United States applied on a consistent basis.

 

"Guarantee
Obligation" means as to any Person (the "guaranteeing person"), any obligation of (a) the guaranteeing
person or (b) another Person (including, without limitation, any bank under any letter of credit) to induce the creation of which
the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect
guaranteeing any Indebtedness (the "primary obligations") of any other unrelated third Person (the "primary
obligor") in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing
person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect
security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to
maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold
harmless the owner of any such primary obligation against loss in respect thereof; provided that the term Guarantee Obligation
shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee
Obligation of any guaranteeing person shall be deemed to be the lesser of (a) an amount equal to the stated or determinable amount
of the primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing
person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation
and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount
of such Guarantee Obligation shall be such guaranteeing person's reasonably anticipated liability in respect thereof as determined
by Borrower in good faith.

 

"Governmental
Authority" shall mean the government of the United States or any other nation, or of any political subdivision thereof,
whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or

 

    	- 10 -

    	 

    

  

pertaining
to government (including any supra-national bodies such as the European Union, the European Central Bank or the Organisation
for Economic Co-operation and Development).

 

"Hazardous
Materials" shall mean the following: hazardous substances; hazardous wastes; polychlorinated biphenyls ("PCBs")
or any substance or compound containing PCBs; asbestos or any asbestos-containing materials in any form or condition; radon or
any other radioactive materials including any source, special nuclear or by-product material; petroleum, crude oil or any fraction
thereof; and any other pollutant or contaminant or chemicals, wastes, materials, compounds, constituents or substances, subject
to regulation or which can give rise to liability under any Environmental Laws.

 

"Hedging Agreement"
shall mean any swap, cap, collar, forward purchase or similar agreements or arrangements dealing with interest rates, currency
exchange rates or commodity prices, either generally or under specific contingencies.

 

"Hedging Obligations"
shall mean obligations under or with respect to Hedging Agreements.

 

"Indebtedness"
shall mean, for any Person, without duplication,

 

(i)           all
indebtedness for borrowed money of such Person (and all other obligations owing by such Person under the documents pursuant to
which such indebtedness borrowed);

 

(ii)          all
non-contingent (but only so long as non-contingent) obligations issued, undertaken or assumed by such Person as the deferred purchase
price of Property or services (other than earn-out payments made in connection with acquisitions and trade payables and accrued
expenses paid on customary terms and not more than 90 days past due and incurred in the ordinary course of business on ordinary
terms), excluding payments made in connection with non-compete arrangements;

 

(iii)         all
non-contingent reimbursement or payment obligations of such Person with respect to surety instruments (such as, for example, unpaid
reimbursement obligations in respect of a drawing under a letter of credit);

 

(iv)         all
obligations of such Person evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred
in connection with the acquisition of Property or businesses;

 

(v)          all
indebtedness of such Person created or arising under any conditional sale or other title retention agreement, or incurred as financing,
in either case with respect to Property acquired by such Person (even though the rights and remedies of the seller or lender under
such agreement in the event of default are limited to repossession or sale of such Property), the amount of such indebtedness to
be deemed the lesser of the outstanding amount thereof and the fair market value of such Property;

 

(vi)         all
obligations under leases that shall have been or should be, in accordance with GAAP, recorded as capital leases in respect of which
such Person is liable as lessee;

 

    	- 11 -

    	 

    

  

(vii)        all
obligations, contingent or otherwise, relative to the face amount of all letters of credit, whether or not drawn, and banker's
acceptances issued for the account of such Person;

 

(viii)       all
obligations of such Person under any take-or-pay or other similar arrangements that are not in the ordinary course of business;

 

(ix)          all
indebtedness of other Persons referred to in clauses (i) through (viii) above secured by (or for which the Holder of such indebtedness
has an existing right, contingent or otherwise, to be secured by) any Lien upon or in Property (including accounts and contracts
rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such indebtedness, the
amount of such indebtedness to be deemed to be the lesser of the outstanding amount thereof and the fair market value of such Property;

 

(x)           all
obligations of such Person in respect of Derivative Transactions; and

 

(xi)          all
Guarantee Obligations of such Person in respect of indebtedness of the kinds referred to in clauses (i) through (x) above.

 

Indebtedness shall
not include accounts extended by suppliers in the ordinary course of business on normal trade terms in connection with the purchase
of goods and services. The Indebtedness of any Person shall include any Indebtedness of any partnership in which such Person is
the general partner (limited to the lesser of the face amount thereof and the shareholders equity of the Person who is the general
partner).

 

"Indemnified
Taxes" shall mean all Taxes other than Excluded Taxes.

 

"Indemnitee"
shall have the meaning assigned to such term in Section 8.03(b).

 

"Information"
shall have the meaning assigned to such term in Section 8.12.

 

"Intellectual
Property" shall have the meaning assigned to such term in Section 3.06(a).

 

"Interest Payment
Date" means the Borrowing Date, each Quarterly Date and the Maturity Date.

 

"Interest Period"
means, if the Loan is a Eurodollar Loan, the period commencing on the Borrowing Date and ending on the first Quarterly Date thereafter,
and each subsequent period commencing on such Quarterly Date and ending on the next succeeding Quarterly Date, provided
that (i) the final such Interest Period shall end on and include the Maturity Date of the Loan; and (ii) any conversion of the
Loan from a Eurodollar Loan to an ABR Loan under Section 2.06(c) shall take place immediately regardless of whether
such change shall occur during such Interest Period.

 

"Leases"
shall mean any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise
agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications
and/or guarantees thereof), whether or not of record and whether now in existence

 

    	- 12 -

    	 

    

  

or hereafter entered
into, affecting the use or occupancy of all or any portion of any Real Property.

 

"Lenders"
shall mean (a) the Persons that have become a party hereto pursuant to a Lender Addendum and (b) any Person that has
become a party hereto pursuant to an Assignment and Assumption, other than, in each case, any such Person that has ceased to be
a party hereto pursuant to an Assignment and Assumption.

 

"LIBOR Rate"
shall mean, with respect to a Eurodollar Loan for any Interest Period, the rate per annum determined by the Administrative Agent
to be the arithmetic mean of the offered rates for deposits in dollars with a term comparable to such Interest Period that appears
on the LIBOR Page (as defined below) at approximately 11:00 a.m., London, England time, on the second full London Business Day
preceding the first day of such Interest Period; provided, that (i) if no comparable term for an Interest Period
is available, the LIBOR Rate shall be determined using the weighted average of the offered rates for the two terms most nearly
corresponding to such Interest Period and (ii) if there shall at any time no longer exist a LIBOR Page, "LIBOR Rate"
shall mean, with respect to each day during each Interest Period pertaining to a Eurodollar Loan, the rate per annum equal to the
rate at which the Administrative Agent is offered deposits in dollars at approximately 11:00 a.m., London, England time, two London
Business Days prior to the first day of such Interest Period in the London interbank market for delivery on the first day of such
Interest Period for the number of days comprised therein and in an amount comparable to its portion of the amount of such Eurodollar
Loan to be outstanding during such Interest Period. Notwithstanding the foregoing, for purposes of clause (c) of the definition
of Alternate Base Rate, the rates referred to above shall be the rates as of 11:00 a.m., London, England time, on the date of determination
(rather than the second London Business Day preceding the date of determination). "LIBOR Page" shall mean the
display designated as Reuters Screen LIBOR01 Page (or such other page as may replace such page on such service for the purpose
of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

 

"Lien"
shall mean, with respect to any property, (a) any mortgage, deed of trust, lien, pledge, encumbrance, claim, charge, assignment,
hypothecation, security interest or encumbrance of any kind or any arrangement to provide priority or preference, including any
easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed
by law; (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement
(or any financing lease having substantially the same economic effect as any of the foregoing) relating to such property; and (c) in
the case of securities, any purchase option, call or similar right of a third party with respect to such securities.

 

"Loan Documents"
shall mean this Agreement.

 

"Loan"
shall mean the term loan borrowed under this Agreement with the characteristics set forth in the Loan Schedule.

 

"Loan Schedule"
shall mean Schedule A hereto.

 

    	- 13 -

    	 

    

  

"London Business
Day" shall mean any day on which banks are generally open for dealings in dollar deposits in the London interbank market.

 

"Make-Whole
Amount" means, in relation to any Make-Whole Event with respect to the Loan, for each Lender, an amount equal to the absolute
value of the difference between (if negative):

 

(a)         
gains received (if any) by such Lender as a result of their terminating, liquidating, obtaining or reestablishing any hedge or
related trading position relating to the Loan;

 

and

 

(b)          the
aggregate amount of losses or costs incurred by such Lender as a result of their terminating, liquidating, obtaining or reestablishing
any hedge or related trading position relating to the Loan.

 

"Make-Whole
Event" means any event (including any prepayment of the Loan pursuant to Sections 2.08(a), (b) or (c)
or any acceleration of the Loan in accordance with Article VI) which results in a Lender receiving any amount on account
of the principal of its portion of the Loan prior to the scheduled payment date therefor.

 

"Margin Stock"
shall have the meaning assigned to such term in Regulation U.

 

"Market Disruption
Loan" shall mean a Loan, the rate of interest applicable to which is based upon the Market Disruption Rate, and the Applicable
Margin with respect thereto shall be the same as the Applicable Margin then applicable to a Eurodollar Loan; provided that,
other than with respect to the rate of interest and Applicable Margin applicable thereto, a Market Disruption Loan shall for all
purposes hereunder and under the other Loan Documents be treated as an ABR Loan.

 

"Market Disruption
Rate" shall mean, for any day, a fluctuating rate per annum (rounded upwards, if necessary, to the nearest 1/100th of
1%) equal to, in the reasonable discretion of the Administrative Agent, either (i) the Alternate Base Rate for such day or (ii)
the rate for such day reasonably determined by the Administrative Agent to be the cost of funds of representative participating
members in the interbank eurodollar market selected by the Administrative Agent (which may include Lenders) for maintaining loans
similar to a Market Disruption Loan. Any change in the Market Disruption Rate shall be effective as of the opening of business
on the effective day of any change in the relevant component of the Market Disruption Rate.

 

"Material Adverse
Effect" shall mean (a) a material adverse effect on the business, operations, properties or condition (financial
or otherwise) of Borrower and its Subsidiaries, taken as a whole; (b) material impairment of the ability of the Borrower to
fully and timely perform any of its obligations under any Loan Document; or (c) material impairment of the rights of or benefits
or remedies available to the Lenders under any Loan Document.

 

    	- 14 -

    	 

    

  

"Material Subsidiary"
means, at any time, any Subsidiary of the Borrower that, on a consolidated basis with its Subsidiaries, has shareholders' equity
of greater than 20% of total shareholders' equity of the Borrower and its Subsidiaries.

 

"Maturity Date"
shall mean, in respect of the Loan, the date set forth in the Loan Schedule.

 

"Maximum Rate"
shall have the meaning assigned to such term in Section 8.14.

 

"MNPI"
shall have the meaning assigned to such term in Section 8.01(d).

 

"Multiemployer
Plan" shall mean a multiemployer plan within the meaning of Section 4001(a)(3) or Section 3(37) of ERISA (a) to
which any Company or any ERISA Affiliate is then making or accruing an obligation to make contributions; (b) to which any
Company or any ERISA Affiliate has within the preceding five plan years made contributions; or (c) with respect to which any
Company could incur liability.

 

"Non-Recourse
Indebtedness" means Indebtedness for which the recourse of the lender for non-payment is limited to (i) such lender's
Liens on a particular asset or group of assets or (ii) a single Person or group of Persons that own only a particular asset or
group of assets (and in any event shall include Indebtedness incurred as part of an acquisition of a portfolio of assets whereby
one pool of assets within such portfolio is financed separately from another pool of assets within such portfolio and such Indebtedness
is recourse to both pools of assets within such portfolio, so long as such Indebtedness has recourse only to the assets within
such portfolio); provided that customary "bad acts" guarantees, environmental guarantees and similar agreements shall
not constitute recourse.

 

"Obligations"
shall mean (a) obligations of Borrower from time to time arising under or in respect of the due and punctual payment of (i) the
principal of and premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loan, when and
as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary
obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise
(including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding,
regardless of whether allowed or allowable in such proceeding), of Borrower under this Agreement and the other Loan Documents,
and (b) the due and punctual performance of all covenants, agreements, obligations and liabilities of Borrower under or pursuant
to this Agreement and the other Loan Documents.

 

"OFAC"
shall have the meaning set forth in the definition of "Embargoed Person."

 

"Officers'
Certificate" shall mean a certificate executed by the chairman of the Board of Directors (if an officer), the chief executive
officer or the president or one of the Financial Officers, each in his or her official (and not individual) capacity.

 

"Organizational
Documents" shall mean, with respect to any person, (i) in the case of any corporation, the certificate of incorporation
and by-laws (or similar documents) of such

 

    	- 15 -

    	 

    

  

person, (ii) in
the case of any limited liability company, the certificate of formation and operating agreement (or similar documents) of such
person, (iii) in the case of any limited partnership, the certificate of formation and limited partnership agreement (or similar
documents) of such person, (iv) in the case of any general partnership, the partnership agreement (or similar document) of
such person and (v) in any other case, the functional equivalent of the foregoing.

 

"Other Connection
Taxes" shall mean, with respect to any recipient of any payment to be made by or on account of Borrower hereunder, Taxes
imposed as a result of a present or former connection between such recipient and the jurisdiction imposing such Tax (other than
connections arising from such recipient having executed, delivered, become a party to, performed its obligations under, received
payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan
Document, or sold or assigned an interest in any Loan, or Loan Document).

 

"Other Credit
Agreement" means each credit agreement (other than this Agreement) substantially similar to this Agreement, that is entered
into among the Company, the Lenders party thereto and UBS AG, Stamford Branch, as administrative agent thereunder.

 

"Other Taxes"
shall mean all present or future stamp or documentary Taxes or any other excise, property or similar Taxes, charges or levies arising
from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise
with respect to, this Agreement or any other Loan Document (and any interest, additions to Tax or penalties applicable thereto)
except any such Taxes that are Other Connection Taxes.

 

"Participant"
shall have the meaning assigned to such term in Section 8.04(d).

 

"Participant
Register" shall have the meaning assigned to such term in Section 8.04(d).

 

"PBGC"
shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA.

 

"Permitted
Liens" shall have the meaning assigned to such term in Section 5.02.

 

"person"
shall mean any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership,
Governmental Authority or other entity.

 

"Plan"
shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or
Section 412 of the Code or Section 302 of ERISA which is maintained or contributed to by any Company or its ERISA Affiliate
or with respect to which any Company could incur liability (including under Section 4069 of ERISA).

 

"Prepayment
Premium" shall mean, in relation to any Make-Whole Event with respect to the Loan, for each Lender, an amount equal to
(a) if such Make-Whole Event occurs at any time from and including the Closing Date to and including the one-year anniversary of
the Closing Date, 1.0% of the aggregate outstanding principal amount of the portion of such Lender's Loan that is to be prepaid
in connection with such Make-Whole Event, (b) if such Make-Whole Event occurs at any time after the one year anniversary of the
Closing Date to and including the two-year anniversary of the Closing Date, 0.50% of the aggregate outstanding

 

    	- 16 -

    	 

    

  

principal amount of the
portion of such Lender's Loan that is to be prepaid in connection with such Make-Whole Event, and (c) if such Make-Whole Event
occurs at any time after the two-year anniversary of the Closing Date, zero.

 

"Principal
Amount" shall mean, in respect of the Loan, the date set forth in the Loan Schedule.

 

"Private Side
Communications" shall have the meaning assigned to such term in Section 8.01(d).

 

"Private Siders"
shall have the meaning assigned to such term in Section 8.01(d).

 

"property"
shall mean any right, title or interest in or to property or assets of any kind whatsoever, whether real, personal or mixed and
whether tangible or intangible and including Equity Interests or other ownership interests of any person and whether now in existence
or owned or hereafter entered into or acquired, including all Real Property.

 

"Public Siders"
shall have the meaning assigned to such term in Section 8.01(d).

 

"Quarterly Date" means
the 19th day of each March, June, September and December in each year (or, if any such day is not a Business Day, the
next succeeding Business Day).

 

"Real Property"
shall mean, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all
parcels of or interests in real property owned, leased or operated by any person, whether by lease, license or other means, together
with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures
and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or
operation thereof.

 

"Refinancing
Indebtedness" means Indebtedness that is incurred to refund, refinance, replace, exchange, renew, repay or extend (including
pursuant to any defeasance or discharge mechanism) any Indebtedness existing on the Cut-Off Date or incurred in compliance with
this Agreement including Indebtedness of Borrower used to refinance Refinancing Indebtedness; provided that:

 

(a)          the
Refinancing Indebtedness has a stated maturity at the time such Refinancing Indebtedness is incurred that is the same as or greater
than the stated maturity of the Indebtedness being refinanced; and

 

(b)          such
Refinancing Indebtedness is incurred in an aggregate amount that is equal to or less than the sum of the aggregate amount then
outstanding of the Indebtedness being refinanced (plus, without duplication, any additional Indebtedness incurred to pay premiums
(including tender premiums), defeasance costs, accrued interest and fees and expenses in connection therewith).

 

"Register"
shall have the meaning assigned to such term in Section 8.04(c).

 

    	- 17 -

    	 

    

  

"Regulation
D" shall mean Regulation D of the Board as from time to time in effect and all official rulings and interpretations thereunder
or thereof.

 

"Regulation
S-X" shall mean Regulation S-X promulgated under the Securities Act.

 

"Regulation
T" shall mean Regulation T of the Board as from time to time in effect and all official rulings and interpretations thereunder
or thereof.

 

"Regulation
U" shall mean Regulation U of the Board as from time to time in effect and all official rulings and interpretations thereunder
or thereof.

 

"Regulation
X" shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder
or thereof.

 

"Related Parties"
shall mean, with respect to any person, such person's Affiliates and the partners, directors, officers, employees, agents and advisors
of such person and of such person's Affiliates.

 

"Release"
shall mean any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping,
disposing, depositing, dispersing, emanating or migrating of any Hazardous Material in, into, onto or through the Environment.

 

"Required Lenders"
shall mean, at any time, Lenders having more than 50% of the principal amount of the Loan outstanding at such time.

 

"Requirements
of Law" shall mean, collectively, any and all applicable requirements of any Governmental Authority including any and
all laws, judgments, orders, executive orders, decrees, ordinances, rules, regulations, statutes or case law.

 

"Response"
shall mean (a) "response" as such term is defined in CERCLA, 42 U.S.C. § 9601(24), and (b) all other
actions required by any Governmental Authority or voluntarily undertaken to (i) clean up, remove, treat, abate or in any other
way address any Hazardous Material in the Environment; (ii) prevent the Release or threat of Release, or minimize the further
Release, of any Hazardous Material; or (iii) perform studies and investigations in connection with, or as a precondition to,
or to determine the necessity of the activities described in, clause (i) or (ii) above.

 

"Responsible
Officer" of any person shall mean any executive officer or Financial Officer of such person and any other officer or similar
official thereof with responsibility for the administration of the obligations of such person in respect of this Agreement.

 

"Sarbanes-Oxley
Act" shall mean the United States Sarbanes-Oxley Act of 2002, as amended, and all rules and regulations promulgated thereunder.

 

"Securities
Act" shall mean the Securities Act of 1933.

 

"Single Employer
Plan" means any Plan that is covered by Title IV of ERISA, but that is not a Multiemployer Plan.

 

    	- 18 -

    	 

    

  

"Statutory
Reserves" shall mean for any Interest Period for a Eurodollar Loan, the average maximum rate at which reserves (including
any marginal, supplemental or emergency reserves) are required to be maintained during such Interest Period under Regulation D
by member banks of the United States Federal Reserve System in New York City with deposits exceeding one billion dollars against
"Eurocurrency liabilities" (as such term is used in Regulation D. A Eurodollar Loan shall be deemed to constitute Eurodollar
liabilities and to be subject to such reserve requirements without benefit of or credit for proration, exceptions or offsets which
may be available from time to time to any Lender under Regulation D.

 

"Subsidiary"
shall mean, as to any Person, a corporation, partnership, limited liability company, trust, estate or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such
power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such
corporation, partnership, limited liability company or other entity are at the time owned, directly or indirectly through one or
more intermediaries, or both, by such Person. Unless the context requires otherwise, "Subsidiary" refers to a Subsidiary
of Borrower.

 

"Succession
Event Determination" shall have the meaning given in the 2003 ISDA Credit Derivatives Definitions as published by the
International Swaps and Derivatives Association, Inc.

 

"Tax Return"
shall mean all returns, statements, filings, attachments and other documents or certifications required to be filed in respect
of Taxes.

 

"Taxes"
shall mean all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed
by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

"Transactions"
shall mean, collectively, the transactions to occur on or prior to the Borrowing Date pursuant to the Loan Documents, including
(a) the execution, delivery and performance of the Loan Documents and the Borrowing hereunder; and (b) the payment of all
fees and expenses to be paid on or prior to the Borrowing Date and owing in connection with the foregoing.

 

"Turn-Over
Subsidiary" means any Subsidiary of the Borrower that: (i) is a borrower of Non-Recourse Indebtedness that has either
matured or is subject to an event of default or equivalent condition beyond the applicable grace period, if any, provided therefor
and such event of default or equivalent condition has caused the holder or holders of such Indebtedness (or a trustee or agent
on behalf of such holder or holders), to accelerate such Non-Recourse Indebtedness; (ii) has holders of such Non-Recourse Indebtedness
(or a trustee or agent on behalf of such holders) that have initiated foreclosure proceedings against the collateral securing such
Non-Recourse Indebtedness (a "Non-Recourse Indebtedness Foreclosure"); and (iii) has advised Administrative Agent in
writing that either it does not intend to contest such Non-Recourse Indebtedness Foreclosure or intends to convey the collateral
subject to such Non-Recourse Indebtedness Foreclosure to the holders of such Indebtedness.

 

    	- 19 -

    	 

    

  

"Type,"
refers to whether the rate of interest on the Loan is a Fixed Rate or is determined by reference to the Adjusted LIBOR Rate or
the Alternate Base Rate.

 

"UCC"
shall mean the Uniform Commercial Code as in effect from time to time (except as otherwise specified) in any applicable state or
jurisdiction.

 

"United States"
shall mean the United States of America.

 

"USA PATRIOT
Act" shall have the meaning set forth in the definition of "Anti- Money Laundering Laws."

 

"Voting Stock"
shall mean, with respect to any person, any class or classes of Equity Interests pursuant to which the holders thereof have the
general voting power under ordinary circumstances to elect at least a majority of the Board of Directors of such person.

 

"Withdrawal
Liability" shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

 

SECTION
1.02      Classification of Loan.

 

For purposes of this
Agreement, references to a Type of Loan (e.g., a "Eurodollar Loan") shall apply to the Loan if the Loan is
of that Type, or otherwise as the context requires.

 

SECTION
1.03      Terms Generally.

 

The definitions of
terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words "include," "includes" and "including"
shall be deemed to be followed by the phrase "without limitation." The word "will" shall be construed to have
the same meaning and effect as the word "shall." Unless the context requires otherwise (a) any definition of or
reference to any Loan Document, agreement, instrument or other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein or in the other Loan Documents), (b) any reference herein to any
person shall be construed to include such person's successors and assigns, (c) the words "herein," "hereof"
and "hereunder," and words of similar import, shall be construed to refer to this Agreement in its entirety and not to
any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed
to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or regulation
herein shall refer to such law or regulation as amended, modified or supplemented from time to time, and (f) the words "asset"
and "property" shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract.

 

    	- 20 -

    	 

    

  

SECTION
1.04      Accounting Terms; GAAP.

 

(a)          Except
as otherwise expressly provided herein, all financial statements to be delivered pursuant to this Agreement shall be prepared in
accordance with GAAP as in effect from time to time and all terms of an accounting or financial nature shall be construed and interpreted
in accordance with GAAP, as in effect on the Cut-Off Date unless otherwise agreed to by Borrower and the Required Lenders.

 

(b)          Notwithstanding
any other provision contained herein, all terms of an accounting or financial nature shall be construed, and all computations of
amounts and ratios referred to in, and determinations of compliance with the provisions hereof shall be made without giving effect
to any election under FASB Accounting Standards Codification 825 (or any other part of FASB Accounting Standards Codification having
a similar result or effect) for purposes of valuing any Indebtedness or other liabilities of Borrower or any Subsidiary of any
Borrower at "fair value" or to include any gain or loss attributable thereto in the calculation of net income (or loss)
of Borrower or any Subsidiary of Borrower.

 

ARTICLE
II

THE
CREDITS

 

SECTION
2.01      Reserved.

 

SECTION
2.02      The Loan.

 

(a)          Subject
to the terms and conditions herein, the Lenders shall make a Loan to Borrower on the Borrowing Date with the Principal Amount,
Maturity Date, Type and Applicable Margin or Fixed Rate (as applicable) set forth in the Loan Schedule. The Loan Schedule shall
set forth the portion of the Principal Amount of the Loan that each Lender has agreed to fund (such Lender's "portion").

 

(b)          Each
Lender shall fund its portion of the Loan on the Borrowing Date by wire transfer of immediately available funds to such account
in New York City as the Administrative Agent may designate not later than 12:00 (noon), New York City time, and the Administrative
Agent shall promptly credit the amounts so received to an account as designated therefor by Borrower in a notice to the Administrative
Agent or, if the Borrowing shall not occur on such date because any condition precedent to the Borrowing shall not have been met,
return the amounts so received to the respective Lenders.

 

(c)          Unless
the Administrative Agent shall have received notice from a Lender prior to the Borrowing Date that such Lender will not make available
to the Administrative Agent such Lender's portion of the Loan, the Administrative Agent may assume that such Lender has made such
portion available to the Administrative Agent at the time of the Borrowing in accordance with paragraph (b) above, and the
Administrative Agent may, in reliance upon such assumption, make available to Borrower on such date a corresponding amount. If
the Administrative Agent shall have so made funds available, then, to the extent that such Lender shall not have made such portion
available to the Administrative Agent, each of such Lender and Borrower severally agrees to repay to the Administrative Agent forthwith
on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to

 

    	- 21 -

    	 

    

  

Borrower until the date
such amount is repaid to the Administrative Agent at (i) in the case of Borrower, the interest rate applicable at the time
to the Loan and (ii) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation. If such Lender shall repay to the
Administrative Agent such corresponding amount, such amount shall constitute such Lender's portion of the Loan for purposes of
this Agreement, and Borrower's obligation to repay the Administrative Agent such corresponding amount pursuant to this Section 2.02(c)
shall cease.

 

SECTION
2.03      Evidence of Debt; Repayment of the Loan.

 

(a)          Promise
to Repay.    Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each
Lender, each Lender's portion of the principal amount of the Loan as provided in Section 2.07.

 

(b)          Lender
and Administrative Agent Records.    Each Lender shall maintain in accordance with its usual practice an account
or accounts evidencing the Indebtedness of Borrower to such Lender resulting from the portion of the Loan made by such Lender,
including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. The Administrative
Agent shall maintain records including (i) the amount of the Loan made hereunder, Type thereof and the Interest Period applicable
thereto; (ii) the amount of any principal, interest, Make-Whole Amount, Prepayment Premium or Breakage Costs due and payable
or to become due and payable from Borrower to each Lender hereunder; and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders and each Lender's share thereof. The entries made in the records maintained by the
Administrative Agent and each Lender pursuant to this paragraph shall be prima facie evidence of the existence and amounts
of the obligations therein recorded; provided that the failure of any Lender or the Administrative Agent to maintain such
records or any error therein shall not in any manner affect the obligations of Borrower to repay the Loan in accordance with its
terms. In the event of any conflict between the records maintained by any Lender and the records of the Administrative Agent in
respect of such matters, the records of the Administrative Agent shall control in the absence of manifest error.

 

SECTION
2.04      Administrative Agent Fees.

 

Borrower agrees to
pay to the Administrative Agent, for its own account, the administrative fees payable in the amounts and at the times separately
agreed upon between Borrower and the Administrative Agent (the "Administrative Agent Fees"). Once paid, none of
the Administrative Agent Fees shall be refundable under any circumstances.

 

SECTION
2.05      Interest Based on Type of Loan.

 

(a)          Eurodollar
Loan.   Subject to the provisions of Section 2.05(d), if the Loan is a Eurodollar Loan, the Loan shall
bear interest at a rate per annum equal to the Adjusted LIBOR Rate for the Interest Period in effect for the Loan plus the
Applicable Margin.

 

(b)          Fixed
Rate Loan.   Subject to the provisions of Section 2.05(d), if the Loan is a Fixed Rate Loan, the Loan
shall bear interest at the Fixed Rate.

 

    	- 22 -

    	 

    

  

(c)          ABR
Loan.   Subject to the provisions of Section 2.05(d), if the Loan is converted to an ABR Loan, the Loan
shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin, during the period for which
the Loan remains an ABR Loan.

 

(d)          Default
Rate.   Notwithstanding the foregoing, if there is an Event of Default or if any principal of or interest on the Loan
or any fee or other amount payable by Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or
otherwise, such overdue Obligations shall, to the extent permitted by applicable law, bear interest, after as well as before judgment,
at a rate per annum equal to 2.0% plus the rate otherwise applicable to a Eurodollar Loan as provided in the preceding paragraphs
of this Section 2.05 (the "Default Rate").

 

(e)          Interest
Payment Dates.   Interest on the Loan shall be payable in advance
on each Interest Payment Date for (in the case of Eurodollar Loans) the Interest Period commencing on such Interest Payment
Date and (in the case of Fixed Rate Loans) for the period from such Interest Payment Date to but excluding the immediately following
Interest Payment Date; provided that (i) interest accrued pursuant to Section 2.05(d) shall be payable
on demand; (ii) in the event of any conversion of the Loan from a Eurodollar Loan to a Fixed Rate Loan prior to the end of
the current Interest Period therefor, if the related Fixed Rate exceeds the rate of interest on such Eurodollar Loan for such Interest
Period then the Borrower shall pay the additional interest thereon in advance, for the period from the date of such conversion
to but excluding the immediately succeeding Interest Payment Date, on the effective date of such conversion; (iii) in the
event of any conversion of the Loan from a Eurodollar Loan to a Fixed Rate Loan prior to the end of the current Interest Period
therefor, if the related Fixed Rate is less than the rate of interest on such Eurodollar Loan for such Interest Period then the
excess interest thereon shall be credited to reduce the amount of interest payable on the immediately succeeding Interest Payment
Date; and (iv) interest accruing on ABR Loans shall be payable in advance based on the ABR as in effect on such Interest Payment
Date (with any changes to such rate during the period from such Interest Payment Date to the immediately succeeding Interest Payment
Date to be added to, or credited against, the amount of interest payable on such succeeding Interest Payment Date).

 

(f)           Interest
Calculation.   All interest hereunder shall be computed on the basis of a year of 360 days (or 365 days in the
case of an ABR Loan) and shall be payable for the actual number of days elapsed (including the first day but excluding the last
day). The applicable Alternate Base Rate or Adjusted LIBOR Rate shall be determined by the Administrative Agent in accordance with
the provisions of this Agreement and such determination shall be conclusive absent manifest error.

 

(g)          Currency
for Payment of Interest.   All interest paid or payable pursuant to this Section 2.05 shall be paid in
U.S. dollars.

 

SECTION
2.06      Interest Conversions.

 

(a)          Generally.   The
Loan made on the Borrowing Date shall be either a Eurodollar Loan or a Fixed Rate Loan, which designation shall be specified in
the Loan Schedule. If the

 

    	- 23 -

    	 

    

  

Loan is a Eurodollar
Loan, Borrower may request to convert the Loan to a Fixed Rate Loan, as provided in Section 2.06(b).

 

(b)          Fixed
Rate Conversion Request.   If the Loan is a Eurodollar Loan, by written notice to the Administrative Agent, Borrower
may, from time to time, request a quotation (a "Fixed Rate Quotation Request") from all of the Lenders for a fixed
rate conversion with respect to the Loan. Upon receipt of a Fixed Rate Quotation Request, the Lenders may, but shall be under no
obligation to, provide interest rate quotes specifying a fixed rate of interest for the Eurodollar Loan. Such fixed rate shall
be determined by the Lenders on the basis that the Eurodollar Loan to bear such rate shall mature on the originally scheduled Maturity
Date of such Eurodollar Loan and with interest payable quarterly on the Interest Payment Dates (with such conversion to occur as
of the last day of the then-current Interest Period applicable to the Eurodollar Loan). If the Lenders do elect to quote a fixed
rate of interest in relation to such conversion, each Lender shall specify the costs and expenses that would be payable to such
Lender in connection with such conversion ("Conversion Make-Whole Amounts"), which may at each Lender's option
include the aggregate amount of losses or costs that would be incurred by such Lender as a result of its terminating, liquidating,
obtaining or reestablishing any hedge or related trading position relating to the Eurodollar Loan. No such conversion shall be
effective until the Lenders and the Administrative Agent make such changes to their records under Section 2.03(b) to
reflect such conversion and unless Borrower pays to the Administrative Agent (for distribution to the Lenders) the related Conversion
Make-Whole Amount. A Eurodollar Loan that is converted pursuant to this Section 2.06(b) shall constitute a "Fixed
Rate Loan" for all purposes hereof (including, without limitation, prepayment) after such conversion. A conversion of a Eurodollar
Loan to a Fixed Rate Loan shall be permanent.

 

Promptly following
receipt of an Fixed Rate Quotation Request, the Administrative Agent shall advise each Lender of the details thereof.

 

(c)          Automatic
Conversion to ABR Loan.   Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is
continuing, the Administrative Agent or the Required Lenders may require, by notice to Borrower, that, if the Loan is a Eurodollar
Loan (i) the Loan may not be continued as a Eurodollar Loan, and (ii) unless repaid, the Loan shall be converted to an
ABR Loan at the end of the Interest Period applicable thereto.

 

SECTION
2.07      Maturity of the Loan.

 

Borrower shall pay
to the Administrative Agent, for the account of the Lenders, on the Maturity Date designated in the Loan Schedule (or if any such
date is not a Business Day, on the immediately succeeding Business Day) the outstanding principal amount of the Loan (without prejudice
to the Borrower's obligations hereunder and under the other Loan Documents to pay all other accrued and unpaid amounts then owing
to the Lenders hereunder and thereunder).

 

SECTION
2.08      Optional and Mandatory Prepayments.

 

(a)          Optional
Prepayments.   Borrower shall have the right at any time and from time to time to prepay the Loan, in whole or in
part, subject to the requirements of this Section 2.08; provided that each partial prepayment shall be in an
amount (i) that is an integral multiple of

 

    	- 24 -

    	 

    

  

$1,000,000 and not less
than $10,000,000 or, if less, the outstanding principal amount of the Loan, and (ii) that shall include all accrued and unpaid
interest thereon to the prepayment date, the Make-Whole Amount, Prepayment Premium and the Breakage Costs (if any) with respect
to the Loan.

 

(b)          Mandatory
Prepayment.   In the event that a Credit Event Determination or a Succession Event Determination occurs with respect
to the Borrower, the principal amount of the Loan then outstanding, and accrued interest on the Loan, and all other amounts payable
by Borrower hereunder, together with the Make-Whole Amount, Prepayment Premium and any Breakage Costs shall automatically become
immediately due and payable without demand, protest or other formalities of any kind, all of which are hereby expressly waived
by Borrower.

 

(c)          Prepayment
Upon a Change in Control.   If any Change in Control occurs, then Borrower will promptly notify the Administrative
Agent (who shall notify each Lender) of such Change in Control and the date upon which it occurred. If any Lender then outstanding
furnishes a written request for prepayment of all or any portion of the Loan held by such Lender to the Administrative Agent not
more than 10 days after receipt by such Lender of such notice of such Change in Control from the Administrative Agent, Borrower
will prepay all or any such portion of the Loan then held by such Lender, as stated in such written request, at one hundred percent
(100%) of the principal amount so prepaid plus accrued and unpaid interest thereon to the prepayment date, the Make-Whole Amount,
Prepayment Premium and the Breakage Costs, if any, with respect to such portion of the Loan. Each such prepayment shall occur on
the date that is 30 days after Borrower receives the request for repayment from a Lender, unless Borrower and such Lender agree
to a different date. Each notice from the Administrative Agent pursuant to this Section 2.08(c) shall make explicit
reference to this Section 2.08(c) and shall state that the right of the Lenders to require prepayment thereof must
be exercised within 10 days of the receipt of such notice.

 

(d)          Application
of Prepayments.   Prior to any optional prepayment hereunder, Borrower shall specify the portion of the Loan to be
prepaid in the notice of such prepayment pursuant to Section 2.08(e), subject to the provisions of this Section 2.08(d).
In the event of any optional prepayment, the aggregate amount of such prepayment shall be allocated between each Lender pro
rata based on the portion of the Loan each Lender holds over the aggregate principal amount of outstanding of the Loan.
Notwithstanding the foregoing any Lender may elect, by written notice to the Administrative Agent at least one Business Day prior
to the prepayment date, to decline any prepayment of its portion of the Loan, pursuant to this Section 2.08, in which
case the aggregate amount of the prepayment that would have been applied to prepay such Lender's portion, but was so declined shall
be ratably offered to each Lender that initially accepted such prepayment.

 

(e)          Notice
of Prepayment.   Borrower shall notify the Administrative Agent by written notice of any optional prepayment hereunder
not less than 5 days prior to the date of such prepayment. Each such notice shall be irrevocable; provided, that any such
notice may be conditioned on the consummation of a refinancing or other transaction and may be rescinded or postponed on or prior
to the proposed prepayment date if such refinancing or other transaction is not consummated or is delayed. Each such notice shall
specify the prepayment date, the principal amount and accrued interest of the Loan or portion thereof to be prepaid and a

 

    	- 25 -

    	 

    

  

reasonably detailed calculation
of the amounts owing in respect of such prepayment. Promptly following receipt of any such notice, the Administrative Agent shall
advise the Lenders of the contents thereof, and each Lender shall specify to the Administrative Agent the amount of any Make-Whole
and/or Breakage Costs resulting from such prepayment.

 

(f)           Make-Whole
Amounts and Prepayment Premium.   Upon the occurrence of (i) any event (including any prepayment of the Loan pursuant
to this Section 2.08 or any acceleration of the Loan in accordance with Section 6.01) which results in
any Lender receiving any amount on account of the principal amount of its portion of the Loan prior to the scheduled payment date
therefor, or (ii) any default in the making of any payment or prepayment required to be made in respect of any Lender's portion
of the Loan, Borrower shall owe any such affected Lender a Make-Whole Amount and Prepayment Premium with respect to such portion.

 

SECTION
2.09      Alternate Rate of Interest.

 

(a)          If
the Loan is a Eurodollar Loan, and prior to the commencement of any Interest Period:

 

(i)          the
Administrative Agent determines (which determination shall be final and conclusive absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Adjusted LIBOR Rate for such Interest Period; or

 

(ii)         the
Administrative Agent determines or is advised in writing by the Required Lenders that the Adjusted LIBOR Rate for such Interest
Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their portions of the Loan for
such Interest Period;

 

then the Administrative
Agent shall give written notice thereof to Borrower and the Lenders as promptly as practicable thereafter and, until the Administrative
Agent notifies Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, the Loan shall be converted,
on the last day of the then-current Interest Period, to a Market Disruption Loan. In such an event, the Loan shall continue as
a Market Disruption Loan until such time as the Administrative Agent has determined that adequate and reasonable means exist for
ascertaining the Adjusted LIBOR Rate for the related Interest Period. Upon any such determination by the Administrative Agent,
the Administrative Agent shall promptly deliver to Borrower and the Lenders written notice thereof, and on the first day of the
next succeeding Interest Period, the Loan shall bear interest at its original Adjusted LIBOR Rate.

 

(b)          Illegality.   Notwithstanding
any other provision of this Agreement, if, after the date hereof, any change in any law or regulation or in the interpretation
thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any
Lender to extend credit at the Adjusted LIBOR Rate or to give effect to its obligations as contemplated hereby with respect to
any extension of credit at the Adjusted LIBOR Rate and the Loan is a Eurodollar Loan, then (x) such Lender shall promptly deliver
to the Administrative Agent (who shall in turn provide to Borrower) a certificate notifying the Administrative Agent of such circumstances
and setting forth the Alternative Base Rate that would be applicable to such Lender's portion of the Loan if Borrower converted
such portion of

 

    	- 26 -

    	 

    

  

the Loan to an ABR Loan
(which notice shall be withdrawn when such Lender determines in good faith that such circumstances no longer exist), (y) the obligation
of such Lender to continue extending credit at the Adjusted LIBOR Rate shall forthwith be cancelled and its portion of the Loan
shall be converted to an ABR Loan until such time as it shall no longer be unlawful for such Lender to extend credit at the LIBOR
Rate, and until such time, such Lender shall then be obligated only to extend credit at the Alternative Base Rate.

 

SECTION
2.10      Yield Protection.

 

(a)          Increased
Costs Generally.   If the Loan is a Eurodollar Loan, and any Change in Law shall:

 

(i)           impose,
modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets
of, deposits with or for the account of, or credit extended or participated in, by any Lender (except any reserve requirement reflected
in the Adjusted LIBOR Rate); or

 

(ii)          impose
on any Lender or the London interbank market any other condition, cost or expense affecting this Agreement or the portion of the
Loan made by such Lender or participation therein;

 

and the result
of any of the foregoing shall be to increase the cost to such Lender of making or maintaining its portion of the Loan (or of maintaining
its obligation to make any such portion of the Loan), or to reduce the amount of any sum received or receivable by such Lender
hereunder (whether of principal, interest or any other amount), then, upon request of such Lender, Borrower will pay to such Lender
such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered.

 

(b)          Capital
Requirements.   If any Lender determines (in good faith, but in its sole absolute discretion) that any Change in Law
affecting such Lender or any lending office of such Lender or such Lender's holding company, if any, regarding capital requirements
has or would have the effect of reducing the rate of return on such Lender's capital or on the capital of such Lender's holding
company, if any, as a consequence of this Agreement, or the portion of the Loan made by such Lender, to a level below that which
such Lender or such Lender's holding company could have achieved but for such Change in Law (taking into consideration such Lender's
policies and the policies of such Lender's holding company with respect to capital adequacy), then from time to time Borrower will
pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender's holding company for any such
reduction suffered.

 

(c)          Certificates
for Reimbursement.   A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender
or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section 2.10 and
delivered to Borrower shall be conclusive absent manifest error. Borrower shall pay such Lender or the amount shown as due on any
such certificate within 15 days after receipt thereof.

 

(d)          Delay
in Requests.   Failure or delay on the part of any Lender to demand compensation pursuant to this Section 2.10
shall not constitute a waiver of such Lender's right to

 

    	- 27 -

    	 

    

  

demand such compensation;
provided that Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs
incurred or reductions suffered more than 180 days prior to the date that such Lender notifies Borrower of the Change in Law giving
rise to such increased costs or reductions and of such Lender's intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended
to include the period of retroactive effect thereof).

 

SECTION
2.11      Breakage Costs.

 

If the Loan is a Eurodollar
Loan, in the event of (a) the payment or prepayment, whether optional or mandatory, of any principal of the Loan earlier than
the last day of an Interest Period applicable thereto (including as a result of an Event of Default) or (b) the conversion
of the Loan to a Fixed Rate Loan earlier than the last day of the Interest Period applicable thereto, then, in any such event,
Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. Such loss, cost or expense to
any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest
which would have accrued on the principal amount of such Lender's portion of the Loan had such event not occurred, at the Adjusted
LIBOR Rate that would have been applicable to such portion of the Loan, for the period from the date of such event to the last
day of the then current Interest Period therefor over (ii) the amount of interest which would accrue on such principal amount
for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar
deposits of a comparable amount and period from other banks in the Eurodollar market. The amounts described to in this paragraph,
shall be referred to herein collectively as "Breakage Costs". A certificate of any Lender setting forth in reasonable
detail any Breakage Costs that such Lender is entitled to receive pursuant to this Section 2.11 shall be delivered
to Borrower (with a copy to the Administrative Agent) and shall be conclusive and binding absent manifest error. Borrower shall
pay such Lender the amount shown as due on any such certificate within 15 days after receipt thereof.

 

SECTION
2.12      Payments Generally; Pro Rata Treatment; Sharing of Setoffs.

 

(a)          Payments
Generally.   Borrower shall make each payment required to be made by it hereunder or under any other Loan Document
(whether of principal, interest, fees or of amounts payable under Section 2.06(b), 2.08(f), 2.10, 2.11,
2.13 or 8.03, or otherwise) on or before the time expressly required hereunder or under such other Loan Document
for such payment (or, if no such time is expressly required, prior to 3:00 p.m., New York City time), on the date when due, in
immediately available funds, without setoff, deduction or counterclaim. Any amounts received after such time on any date may, in
the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of
calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 677 Washington Boulevard,
Stamford Connecticut 06901. The Administrative Agent shall distribute any such payments received by it for the account of any other
person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document shall be due on
a day that is not a Business Day, unless specified otherwise, the date for payment shall be extended to the next succeeding Business
Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All

 

    	- 28 -

    	 

    

  

payments under each Loan
Document shall be made in dollars, except as expressly specified otherwise.

 

(b)          Pro
Rata Treatment.   Each payment by Borrower of interest in respect of the Loan shall be applied to the amounts of such
obligations owing to the Lenders pro rata according to the respective amounts then due and owing to the Lenders.

 

(c)          Sharing
of Set-Off.   If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment
in respect of any principal of or interest on its portion of the Loan or other Obligations resulting in such Lender's receiving
payment of a proportion of the aggregate amount of its portion of the Loan and accrued interest thereon or other Obligations greater
than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify
the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loan and such other
obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments
shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective
portions of the Loan and other amounts owing them, provided that:

 

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

 

(ii)          the
provisions of this paragraph shall not be construed to apply to (x) any payment made by Borrower pursuant to and in accordance
with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or
sale of a participation in any of its portion of the Loan to any assignee or participant, other than to any Subsidiary of Borrower
(as to which the provisions of this paragraph (c) shall apply).

 

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

 

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

 

    	- 29 -

    	 

    

  

SECTION
2.13      Taxes.

 

(a)          Payments
Free of Taxes.   Any and all payments by or on account of any obligation of the Borrower hereunder or under any other
Loan Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes; provided
that if the applicable withholding agent shall be required by applicable Requirements of Law (as determined in the good faith discretion
of the applicable withholding agent) to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable
shall be increased by the Borrower as necessary so that after all required deductions have been made (including deductions applicable
to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be, receives an amount equal
to the sum it would have received had no such deductions been made, (ii) the applicable withholding agent shall make such
deductions and (iii) the applicable withholding agent shall timely pay the full amount deducted to the relevant Governmental
Authority in accordance with applicable Requirements of Law.

 

(b)          Payment
of Other Taxes by Borrower.   Without limiting the provisions of paragraph (a) above, Borrower shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable Requirements of Law.

 

(c)          Payment
Upon Change in Law.   If any change in law shall subject any Lender to any Tax of any kind whatsoever with respect
to this Agreement, or any portion of the Loan made by it, or change the basis of taxation of payments to such Lender in respect
thereof (except for Indemnified Taxes or Other Taxes/Other Connection Taxes that are imposed on or measured by net income (however
denominated) or that are franchise Taxes or branch profits Taxes and the imposition of, or any change in the rate of, any Excluded
Tax/Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch
profits Taxes) and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining its
portion of the Loan (or of maintaining its obligation to make any such portion of the Loan), or to reduce the amount of any sum
received or receivable by such Lender hereunder (whether of principal, interest or any other amount), then, upon request of such
Lender, Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs
incurred or reduction suffered.

 

(d)          Indemnification
by Borrower.   Borrower shall indemnify the Administrative Agent and each Lender, within 15 days after demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on
or attributable to amounts payable under this Section) payable by the Administrative Agent or such Lender, as the case may be,
and any reasonable out-of-pocket expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such
payment or liability delivered to Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent
on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

 

(e)          Evidence
of Payments.   As soon as practicable after any payment of Indemnified Taxes or Other Taxes by Borrower to a Governmental
Authority, Borrower shall deliver to the

 

    	- 30 -

    	 

    

  

Administrative Agent
the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(f)           Status
of Lenders.   Any Lender that is entitled to an exemption from or reduction of any withholding Tax with respect to
any payments hereunder or under any other Loan Document shall, to the extent it may lawfully do so, deliver to Borrower and to
the Administrative Agent, at the time or times reasonably requested by Borrower or the Administrative Agent, such properly completed
and executed documentation prescribed by applicable Requirements of Law as will permit such payments to be made without withholding
or at a reduced rate of withholding. In addition, any Lender, if requested by Borrower or the Administrative Agent, shall deliver
such other documentation prescribed by applicable Requirements of Law or reasonably requested by Borrower or the Administrative
Agent as will enable Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding
or information reporting requirements. Notwithstanding anything to the contrary in the above two sentences, in the case of any
Taxes that are not U.S. federal withholding taxes, the completion, execution and submission of non-U.S. federal forms shall not
be required if in the Lender's judgment such completion, execution or submission would subject such Lender to any unreimbursed
cost or expense or would be disadvantageous to such Lender in any material respect.

 

Without limiting the
generality of the foregoing, any Foreign Lender shall, to the extent it may lawfully do so, deliver to Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Agreement (and from time to time thereafter upon the request of Borrower or the Administrative Agent, but only
if such Foreign Lender is legally entitled to do so), whichever of the following is applicable:

 

(i)           duly
completed copies of Internal Revenue Service Form W-8BEN-E (or any successor forms) claiming eligibility for benefits of an income
tax treaty to which the United States of America is a party,

 

(ii)          duly
completed copies of Internal Revenue Service Form W-8ECI (or any successor forms),

 

(iii)         in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code,
(x) a certificate, in substantially the form of Exhibit B, or any other form approved by the Administrative Agent,
to the effect that such Foreign Lender is not (A) a "bank" within the meaning of Section 881(c)(3)(A) of the
Code, (B) a "10 percent shareholder" of Borrower within the meaning of Section 881(c)(3)(B) of the Code, or
(C) a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Code, and that no payments
in connection with the Loan Documents are effectively connected with such Foreign Lender's conduct of a U.S. trade or business
and (y) duly completed copies of Internal Revenue Service Form W-8BEN-E (or any successor forms),

 

(iv)         to
the extent a Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership or participating
Lender granting a typical participation), an

 

    	- 31 -

    	 

    

  

Internal
Revenue Service Form W-8IMY, accompanied by a Form W-8ECI, W-8BEN-E, a certificate in substantially the form of Exhibit B,
Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that, if the Foreign
Lender is a partnership (and not a participating Lender) and one or more beneficial owners of such Foreign Lender are claiming
the portfolio interest exemption, such Foreign Lender may provide a certificate, in substantially the form of Exhibit B,
on behalf of such beneficial owner(s), or

 

(v)          any
other form prescribed by applicable Requirements of Law as a basis for claiming exemption from or a reduction in U.S. federal withholding
tax duly completed together with such supplementary documentation as may be prescribed by applicable Requirements of Law to permit
Borrower and the Administrative Agent to determine the withholding or deduction required to be made.

 

Each Foreign Lender
shall, from time to time after the initial delivery by such Foreign Lender of the forms described above, whenever a lapse in time
or change in such Foreign Lender's circumstances renders such forms, certificates or other evidence so delivered obsolete or inaccurate,
promptly (1) deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient)
renewals, amendments or additional or successor forms, properly completed and duly executed by such Foreign Lender, together with
any other certificate or statement of exemption required in order to confirm or establish such Foreign Lender's status or that
such Foreign Lender is entitled to an exemption from or reduction in U.S. federal withholding tax or (2) notify Administrative
Agent and Borrower of its inability to deliver any such forms, certificates or other evidence.

 

Any Lender that is
not a Foreign Lender shall deliver to Borrower and the Administrative Agent on or prior to the date on which such Lender becomes
a Lender under this Agreement (and from time to time thereafter as prescribed by applicable law or upon the request of Borrower
or the Administrative Agent), duly executed and properly completed copies of Internal Revenue Service Form W-9 (or any successor
form(s)) certifying that it is not subject to backup withholding.

 

(g)          If
a payment made to a Lender under this Agreement would be subject to U.S. federal withholding tax imposed by FATCA and the rules
and regulations promulgated pursuant thereto if such Lender were to fail to comply with the applicable reporting requirements of
FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Administrative
Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or Administrative
Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or Administrative Agent as may be necessary for the Borrower and
the Administrative Agent to comply with their obligations under FATCA, to determine that such Lender has or has not complied with
such Lender's obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely
for purposes of this clause (g), "FATCA" shall include any amendments made to FATCA after the date of this Agreement.

 

    	- 32 -

    	 

    

  

(h)          Treatment
of Certain Refunds.   If the Administrative Agent or a Lender determines, in its sole discretion exercised in good
faith, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by Borrower or
with respect to which Borrower has paid additional amounts pursuant to this Section, it shall pay to Borrower an amount equal to
such refund (but only to the extent of indemnity payments made, or additional amounts paid, by Borrower under this Section with
respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative
Agent or such Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund); provided that Borrower, upon the request of the Administrative Agent or such Lender, agrees
to repay the amount paid over to Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority)
to the Administrative Agent or such Lender or in the event the Administrative Agent or such Lender is required to repay such refund
to such Governmental Authority. This paragraph shall not be construed to require the Administrative Agent or any Lender to make
available its tax returns (or any other information relating to its taxes that it deems confidential) to Borrower or any other
person. Notwithstanding anything to the contrary, in no event will the Administrative Agent or any Lender be required to pay any
amount to Borrower the payment of which would place the Administrative Agent or such Lender in a less favorable net after-tax position
than the Administrative Agent or such Lender would have been in if the Indemnified Taxes or Other Taxes giving rise to such refund
had never been imposed in the first instance.

 

(i)           Payments.   For
purposes of this Section 2.13, any payments by the Administrative Agent to a Lender of any amounts received by the
Administrative Agent from Borrower on behalf of such Lender shall be treated as a payment from Borrower to such Lender.

 

SECTION
2.14      Mitigation Obligations.

 

(a)          Designation
of a Different Lending Office.    If any Lender requests compensation under Section 2.10, or requires
Borrower to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.13,
then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its portion of the
Loan hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the
judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.10
or 2.13, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense
and would not otherwise be disadvantageous to such Lender. Borrower hereby agrees to pay all reasonable costs and expenses incurred
by any Lender in connection with any such designation or assignment. A certificate setting forth such costs and expenses submitted
by such Lender to Borrower shall be conclusive absent manifest error.

 

ARTICLE
III

REPRESENTATIONS AND WARRANTIES

 

Borrower represents
and warrants to the Administrative Agent and each of the Lenders that:

 

    	- 33 -

    	 

    

  

SECTION
3.01      Organization; Powers.

 

The Borrower (a) is
duly organized and validly existing under the laws of the jurisdiction of its organization, (b) has all requisite power and
authority to carry on its business as now conducted and to own and lease its property and (c) is qualified and in good standing
(to the extent such concept is applicable in the applicable jurisdiction) to do business in every jurisdiction where such qualification
is required, with exceptions in each case that, individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect. There is no existing default under any Organizational Document of the Borrower or any event which, with
the giving of notice or passage of time or both, would constitute a default by any party thereunder except defaults that, individually
or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

SECTION
3.02      Authorization; Enforceability.

 

The Transactions to
be entered into by Borrower are within Borrower's powers and have been duly authorized by all necessary action on the part of Borrower.
This Agreement has been duly executed and delivered by Borrower and constitutes, and each other Loan Document to which Borrower
is to be a party, when executed and delivered by Borrower, will constitute, a legal, valid and binding obligation of Borrower,
enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors' rights generally and subject to general principles of equity, regardless of whether considered in a proceeding
in equity or at law.

 

SECTION
3.03      No Conflicts.

 

The Transactions (a) do
not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except
(i) such as have been obtained or made and are in full force and effect, and (ii) consents, approvals, registrations, filings,
permits or actions the failure to obtain or perform which could not reasonably be expected to result in a Material Adverse Effect,
(b) will not violate the Organizational Documents of the Borrower, (c) will not violate any Requirements of Law, (d) will
not violate or result in a default or require any consent or approval under any indenture, agreement or other instrument binding
upon the Borrower or its property, or give rise to a right thereunder to require any payment to be made by the Borrower, except
for violations, defaults or the creation of such rights that could not reasonably be expected to result in a Material Adverse Effect,
and (e) will not result in the creation or imposition of any Lien on any property of the Borrower, except Permitted Liens.

 

SECTION
3.04      Material Adverse Changes.

 

Since the Cut-Off Date
nothing has occurred with respect to Borrower that has had a Material Adverse Effect.

 

SECTION
3.05      Properties.

 

Generally.   The
Borrower has good title to, or valid leasehold interests in, all its property material to its business, free and clear of all Liens
except for Permitted Liens and minor irregularities or deficiencies in title that, individually or in the aggregate, do not interfere
with its

 

    	- 34 -

    	 

    

  

ability to conduct its
business as currently conducted or to utilize such property for its intended purpose. The property of the Borrower, taken as a
whole, (i) is in good operating order, condition and repair (ordinary wear and tear excepted) and (ii) constitutes all
the property which is required for the business and operations of the Borrower as presently conducted.

 

SECTION
3.06      Intellectual Property.

 

(a)          Ownership/No
Claims.   The Borrower owns, or is licensed to use, all patents, patent applications, trademarks, trade names, service
marks, copyrights, technology, trade secrets, proprietary information, domain names, know-how and processes necessary for the conduct
of its business as currently conducted (the "Intellectual Property"), except for those the failure to own or license
which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

 

SECTION
3.07      Litigation; Compliance with Laws.

 

There are no actions,
suits or proceedings at law or in equity by or before any Governmental Authority now pending or, to the knowledge of the Borrower,
threatened against or affecting the Borrower or any business, property or rights of the Borrower (i) that involve any Loan
Document or any of the Transactions or (ii) as to which there is a reasonable possibility of an adverse determination and
that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect. Neither the Borrower nor any of its property is in violation of, nor will the continued operation of its property as currently
conducted violate, any Requirements of Law (including any zoning or building ordinance, code or approval or any building permits)
or any restrictions of record or agreements affecting the Borrower's Real Property or is in default with respect to any Requirements
of Law, where such violation or default, individually or in the aggregate, could reasonably be expected to result in a Material
Adverse Effect.

 

SECTION
3.08      Agreements.

 

The Borrower is not
a party to any agreement or instrument or subject to any corporate or other constitutional restriction that has resulted or could
reasonably be expected to result in a Material Adverse Effect. The Borrower is not in default in any manner under any provision
of any indenture or other agreement or instrument evidencing Indebtedness, or any other agreement or instrument to which it is
a party or by which it or any of its property is or may be bound, where such default could reasonably be expected to result in
a Material Adverse Effect, and no condition exists which, with the giving of notice or the lapse of time or both, would constitute
such a default.

 

SECTION
3.09      Federal Reserve Regulations.

 

The Borrower is not
engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying
Margin Stock. No part of the proceeds of the Loan will be used, whether directly or indirectly, and whether immediately, incidentally
or ultimately, for any purpose that entails a violation of, or that is inconsistent with, the provisions of the regulations of
the Board, including Regulation T, U or X.

 

    	- 35 -

    	 

    

  

SECTION
3.10      Investment Company Act.

 

The Borrower is not subject to regulation
under the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability
to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. The Borrower is not a
"registered investment company" or a company "controlled" by a "registered investment company" or
a "principal underwriter" of a "registered investment company" as such terms are defined in the Investment
Company Act of 1940.

 

SECTION
3.11      Use of Proceeds.

 

Borrower will use the
proceeds of the Loan made on the Borrowing Date for general corporate purposes.

 

SECTION
3.12      Taxes.

 

The Borrower has (a) timely
filed or caused to be timely filed all U.S. federal income Tax Returns and all material state, local and foreign Tax Returns required
to have been filed by it and all such Tax Returns are true and correct in all material respects, (b) duly and timely paid,
collected or remitted or caused to be duly and timely paid, collected or remitted all Taxes (whether or not shown on any Tax Return)
due and payable, collectible or remittable by it and all assessments received by it, except Taxes (i) that are being contested
in good faith by appropriate proceedings and for which the Borrower has set aside on its books adequate reserves in accordance
with GAAP or (ii) which could not, individually or in the aggregate, have a Material Adverse Effect and (c) satisfied all
of its withholding Tax obligations except for failures that could not be reasonably expected to, individually or in the aggregate,
result in a Material Adverse Effect. The Borrower has made adequate provision in accordance with GAAP for all material Taxes not
yet due and payable. The Borrower is unaware of any proposed or pending tax assessments, deficiencies or audits that could be reasonably
expected to, individually or in the aggregate, result in a Material Adverse Effect.

 

SECTION
3.13      No Material Misstatements.

 

No information, report,
financial statement, certificate, exhibit or schedule furnished by or on behalf of the Borrower to the Administrative Agent or
any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto (excluding
projections), taken as a whole, contained or contains any material misstatement of fact or omitted or omits to state any material
fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not materially
misleading as of the date such information is dated or certified; provided that any projections and pro forma financial information
contained in such materials are based upon good faith estimates and assumptions believed by the Borrower to be reasonable at the
time made.

 

SECTION
3.14      Solvency.

 

Immediately after the
consummation of the Transactions to occur on the Borrowing Date and immediately following the making of the Loan and after giving
effect to the application of the proceeds of the Loan, (a) the fair value of the properties of Borrower will exceed its debts

 

    	- 36 -

    	 

    

  

and liabilities, subordinated,
contingent or otherwise; (b) the present fair saleable value of the property of Borrower will be greater than the amount that will
be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts
and other liabilities become absolute and matured; (c) Borrower will be able to pay its debts and liabilities, subordinated, contingent
or otherwise, as such debts and liabilities become absolute and matured; and (d) Borrower will not have unreasonably small capital
with which to conduct its business in which it is engaged as such business is now conducted and is proposed to be conducted following
the Borrowing Date. For the avoidance of doubt, determinations in this Section 3.14 shall not be made for the Borrower on a consolidated
basis with its Subsidiaries.

 

SECTION
3.15      Labor Matters.

 

As of the Borrowing
Date, there are no strikes, lockouts or slowdowns against the Borrower pending or, to the knowledge of the Borrower, threatened
that could reasonably be expected to have a Material Adverse Effect. The consummation of the Transactions will not give rise to
any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which
the Borrower is bound that could reasonably be expected to have a Material Adverse Effect.

 

SECTION
3.16      Reserved.

 

SECTION
3.17      Employee Benefit Plans.

 

The Borrower and its
ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the Code and the regulations
and published interpretations thereunder except as could not reasonably be expected to result in a Material Adverse Effect. No
ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, could reasonably
be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations of all underfunded
Plans (based on the actuarial assumptions used for funding purposes in the most recent actuarial valuation for such Plans) did
not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $250,000 the fair market
value of the property of all such underfunded Plans. To the knowledge of the Borrower, using actuarial assumptions and computation
methods consistent with subpart I of subtitle E of Title IV of ERISA, the aggregate liabilities of the Borrower or its ERISA Affiliates
to all Multiemployer Plans in the event of a complete withdrawal therefrom, as of the close of the most recent fiscal year of each
such Multiemployer Plan, could not reasonably be expected to result in a Material Adverse Effect.

 

SECTION
3.18      Environmental Matters.

 

(a)          Except
as could not reasonably be expected to have a Material Adverse Effect, the properties, assets and operations of the Borrower are
in compliance with all applicable Environmental Laws.

 

(b)          With
respect to the Borrower's properties, assets and operations, there are no events, conditions, circumstances, activities, practices,
incidents, actions or plans of the Borrower that may interfere with or prevent compliance or continued compliance with applicable
Environmental Laws or otherwise result in liability to the Borrower pursuant to applicable

 

    	- 37 -

    	 

    

  

Environmental Law, in
each case in a manner that could reasonably be expected to have a Material Adverse Effect.

 

(c)          Except
as could not reasonably be expected to have a Material Adverse Effect, (i) to the Borrower's knowledge, the Borrower is not
the subject of any federal, state, local or foreign investigation pursuant to Environmental Laws, (ii) the Borrower has not
received any written notice or claim pursuant to Environmental Laws, and (iii) there are no pending, or, to the knowledge
of the Borrower, threatened actions, suits or proceedings against the Borrower, or its properties, assets or operations, in connection
with any Environmental Laws.

 

SECTION
3.19      Insurance.

 

All insurance maintained
by the Borrower is in full force and effect, all premiums have been duly paid, the Borrower has not received notice of violation
or cancellation thereof, all properties, and the use, occupancy and operation thereof, comply in all material respects with all
requirements of insurance policies, and there exists no default under any such requirement. The Borrower has insurance in such
amounts and covering such risks and liabilities as are customary for companies of a similar size engaged in similar businesses
in similar locations.

 

SECTION
3.20      Anti-Terrorism and Anti-Money Laundering Laws.

 

(a)          None
of Borrower, its Subsidiaries and, to the knowledge of Borrower, its Affiliates and none of the respective officers, directors,
brokers or agents of Borrower or such Subsidiaries (i) has violated or is in violation in any material respect of Anti-Terrorism
Laws or Anti-Money Laundering Laws or (ii) has been convicted of, has been charged with, or is under investigation by, a Governmental
Authority for violations of Anti-Terrorism Laws or Anti-Money Laundering Laws.

 

(b)          The
funds used by the Borrower to make payments hereunder to the Administrative Agent, or the Lenders will, to the knowledge of Borrower,
not be derived from activities by the Borrower that violate Anti-Terrorism Laws or Anti-Money Laundering.

 

(c)          None
of Borrower, its Subsidiaries and, to the knowledge of Borrower, its Affiliates and the respective officers, directors, brokers
or agents of Borrower or such Subsidiary is acting or benefiting in any capacity in connection with the Loan is an Embargoed Person,
is a shell bank or is subject to special measures because of money laundering concerns under Section 311 of the USA PATRIOT
Act and its implementing regulations.

 

(d)          None
of Borrower, its Subsidiaries and, to the knowledge of Borrower, its Affiliates and none of the respective officers, directors,
brokers or agents of Borrower or such Subsidiaries acting or benefiting in any capacity in connection with the Loan (i) directly
conducts any business or engages in making or receiving any contribution of funds, goods or services to any Embargoed Person, (ii)
deals in, or otherwise engages in any transaction involving, any property or interests in property blocked pursuant to any Anti-Terrorism
Law or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding,
or attempts to violate, any Anti-Terrorism Law.

 

    	- 38 -

    	 

    

  

SECTION
3.21      Foreign Corrupt Practices.

 

Neither Borrower nor
any of its Subsidiaries, nor any director, officer, or employee, nor, to Borrower's knowledge, any agent or representative of Borrower
or any of its Subsidiaries, has taken or will take any action with the proceeds of the Loan in furtherance of an offer, payment,
promise to pay, or authorization or approval of the payment or giving of money, property, gifts or anything else of value, directly
or indirectly, to any "government official" (including any officer or employee of a government or government-owned or
controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any
of the foregoing, or any political party or party official or candidate for political office) to influence official action or secure
an improper advantage in each case in material violation of applicable laws; and Borrower and its Subsidiaries have conducted their
businesses in material compliance with applicable anti-corruption laws and have instituted and maintain and will continue to maintain
policies and procedures designed to promote and achieve compliance with such laws and with the representation and warranty contained
herein.

 

ARTICLE
IV

AFFIRMATIVE
COVENANTS

 

Borrower warrants,
covenants and agrees with each Lender that until the principal of and interest on the Loan, all Administrative Agent Fees and all
other expenses or amounts payable under any Loan Document shall have been paid in full (except contingent amounts such as indemnities),
unless the Required Lenders shall otherwise consent in writing, Borrower will:

 

SECTION
4.01      Financial Statements, Reports, etc.

 

Furnish to the Administrative Agent and
each Lender:

 

(a)          Annual
Reports.   As soon as available, but in any event not later than 20 days after required to be filed with the
Commission at the end of each fiscal year of Borrower, a copy of the consolidated balance sheet of Borrower and its consolidated
Subsidiaries as at the end of such year and the related consolidated statements of operations and stockholders' equity and of cash
flows for such year, setting forth in each case in comparative form the figures for the previous year, reported on without a "going
concern" or like qualification or exception, or qualification arising out of the scope of the audit, by Grant Thornton LLP,
or another independent certified public accountants of nationally recognized standing.

 

(b)          Quarterly
Reports.   As soon as available, but in any event not later than 15 days after required to be filed with the Commission
at the end of each of the first three quarterly periods of each fiscal year of Borrower, the unaudited consolidated balance sheet
of Borrower and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of
operations for such quarter and the portion of the fiscal year through the end of such quarter and of cash flows of Borrower and
its consolidated Subsidiaries for the portion of the fiscal year through the end of such quarter, setting forth in each case in
comparative form the figures for the previous year, certified by an Responsible Officer as being fairly stated in all material
respects (subject to normal year-end audit adjustments).

 

    	- 39 -

    	 

    

  

(c)          Financial
Officer's Certificate.   Within 90 days after the end of each fiscal year, a certificate of a Responsible Officer
(which Responsible Officer shall be the principal executive officer, principal financial officer or principal accounting officer
of Borrower), stating that a review of the activities of Borrower during the preceding fiscal year has been made under the supervision
of the signing Officer with a view to determining whether Borrower has kept, observed, performed and fulfilled its obligations
under this Agreement, and further stating that, to the best of his or her knowledge Borrower has kept, observed, performed and
fulfilled each and every covenant contained in this Agreement and is not in default in the performance or observance of any of
the terms, provisions, covenants and conditions of this Agreement (or, if a Default or Event of Default shall have occurred, describing
all such Defaults or Events of Default of which he or she may have knowledge and what action Borrower is taking or proposes to
take with respect thereto).

 

(d)          Public
Reports.   Promptly after the same become publicly available, copies of all periodic and other reports, proxy statements
and other materials filed by any Company with the Securities and Exchange Commission (the "SEC"), or any Governmental
Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or distributed
to holders of its Indebtedness pursuant to the terms of the documentation governing such Indebtedness (or any trustee, agent or
other representative therefor), as the case may be.

 

(e)          Other
Information.   Promptly, from time to time, such other information regarding the operations, business affairs and
financial condition of any Company, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender
may reasonably request.

 

Notwithstanding the
foregoing, the financial statements and other reports filed with or furnished to the SEC by Borrower and/or made available by Borrower
on its website shall be deemed delivered under this Agreement.

 

SECTION
4.02      Litigation and Other Notices.

 

Furnish to the Administrative
Agent and each Lender written notice of the following promptly (and, in any event, within five Business Days after obtaining knowledge
thereof);

 

(a)          any
Default or Event of Default, specifying the nature and extent thereof and the corrective action (if any) taken or proposed to be
taken with respect thereto;

 

(b)          any
default or event of default under any Contractual Obligation of the Company if the same could reasonably be expected to have a
Material Adverse Effect;

 

(c)          the
filing or commencement of, or any threat or notice of intention of any person to file or commence, any action, suit, litigation
or proceeding, whether at law or in equity by or before any Governmental Authority, (i) against any Company or any Affiliate
thereof that could reasonably be expected to result in a Material Adverse Effect, or (ii) with respect to any Loan Document;
and

 

(d)          the
following events, as soon as possible and in any event within 30 days after Borrower knows or has reason to know thereof: (i) the
occurrence or expected occurrence of any

 

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reportable event with
respect to any Single Employer Plan, any determination that a Single Employer Plan is in "at risk" status (within the
meaning of Section 430 of the Code or Section 303 of ERISA), or any withdrawal from, or the termination, bankruptcy,
reorganization or insolvency of, any Multiemployer Plan or determination that any Multiemployer Plan is in "endangered"
or "critical" status (within the meaning of Section 432 of the Code or Section 305 of ERISA); or (ii) the
institution of proceedings or the taking of any other action by the PBGC, the Borrower, any Commonly Controlled Entity with respect
to the withdrawal from, or the termination, of, any Single Employer Plan (other than the termination of any Single Employer Plan
pursuant to Section 4041(b) of ERISA); where, in connection with any of the foregoing in (i) or (ii), the amount of liability
the Borrower or any Commonly Controlled Entity could reasonably be expected to have would reasonably be expected to cause a Material
Adverse Effect; and

 

Each notice pursuant
to this Section 4.02 shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence
referred to therein and stating what action the Borrower proposes to take with respect thereto.

 

SECTION
4.03      Existence; Businesses and Properties.

 

(a)          Do
or cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence, except as
otherwise expressly permitted under Section 5.04.

 

(b)          Do
or cause to be done all things necessary to obtain, preserve, renew, extend and keep in full force and effect the rights, licenses,
permits, privileges, franchises, authorizations, patents, copyrights, trademarks and trade names material to the conduct of its
business; maintain and operate such business in substantially the manner in which it is presently conducted and operated; comply
with all applicable Requirements of Law (including any and all zoning, building, Environmental Law, ordinance, code or approval
or any building permits or any restrictions of record or agreements affecting the Real Property) and decrees and orders of any
Governmental Authority, whether now in effect or hereafter enacted, except in each case where the failure to comply, individually
or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; pay and perform its obligations under
all Leases and Loan Documents; and at all times maintain, preserve and protect all property material to the conduct of such business
and keep such property in good repair, working order and condition (other than wear and tear occurring in the ordinary course of
business) and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and
replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times;
provided that nothing in this Section 4.03(b) shall prevent (i) sales of property, consolidations or mergers
in accordance with Section 5.04; (ii) the withdrawal of its qualification as a foreign corporation in any jurisdiction
where such withdrawal, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect;
(iii) the abandonment of any rights, franchises, licenses, trademarks, trade names, copyrights or patents that such person
reasonably determines are not useful to its business or no longer commercially desirable; or (iv) any other act or omission
that could not reasonably be expected to have a Material Adverse Effect.

 

    	- 41 -

    	 

    

  

SECTION
4.04      Maintenance of Property.

 

(a)          Generally.   Keep
all property necessary in its business in good working order and condition except to the extent that failure to do so could not,
in the aggregate, be reasonably expected to have a Material Adverse Effect; maintain with financially sound and reputable insurance
companies insurance on all its property in at least such amounts and against at least such risks as are adequate for conducting
its business; and furnish to the Administrative Agent full information as to the insurance carried.

 

SECTION
4.05      Obligations and Taxes.

 

(a)          Payment
of Obligations.   Pay its Indebtedness and other obligations promptly and in accordance with the their terms (except
for instances of non-payment that would not constitute an Event of Default under Section 6.01(f) (determined, in the case
of any such obligations that do not constitute Indebtedness, as if such other obligations did constitute Indebtedness solely for
purposes of said Section 6.01(f)) and pay and discharge promptly when due all Taxes, assessments and governmental charges
or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent
or in default, as well as all lawful claims for labor, services, materials and supplies or otherwise that, if unpaid, might give
rise to a Lien other than a Permitted Lien upon such properties or any part thereof; provided that such payment and discharge
shall not be required with respect to any such Tax, assessment, charge, levy or claim so long as (x)(i) the validity or amount
thereof shall be contested in good faith by appropriate proceedings timely instituted and diligently conducted and the Borrower
shall have set aside on its books adequate reserves or other appropriate provisions with respect thereto in accordance with GAAP,
and (ii) such contest operates to suspend collection of the contested obligation, Tax, assessment or charge and enforcement
of a Lien other than a Permitted Lien, and (y) the failure to pay could not reasonably be expected to result in a Material Adverse
Effect.

 

(b)          Filing
of Returns.   Timely and correctly file all material Tax Returns required to be filed by it and withhold, collect
and remit all material Taxes that it is required to collect, withhold or remit except in each case where failure to do so could
not reasonably be expected to have a Material Adverse Effect.

 

SECTION
4.06      Maintaining Records; Access to Properties and Inspections; Annual Meetings.

 

Keep proper books of
record and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law are made of all
dealings and transactions in relation to its business and activities. The Borrower will permit any representatives designated by
the Administrative Agent or any Lender to visit and inspect the financial records and the property of the Borrower at reasonable
times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives
designated by the Administrative Agent or any Lender to discuss the affairs, finances, accounts and condition of the Borrower with
the officers and employees thereof and advisors therefor (including independent accountants); provided that (i) so long
as there is no Default or Event of Default then continuing, neither the Administrative Agent nor any Lender shall seek to inspect
financial

 

    	- 42 -

    	 

    

  

and accounting records during the period
beginning on the 21st calendar day after each fiscal quarter end through the 42nd calendar day after such fiscal quarter end and
(ii) unless an Event of Default has occurred and is continuing, the Borrower shall not be required to pay the expense of more than
one such visit in any fiscal year.

 

SECTION
4.07      Use of Proceeds.

 

Use the proceeds of
the Loan only for the purposes set forth in Section 3.11 and not in violation of Section 3.09.

 

SECTION
4.08      Compliance with Environmental Laws; Environmental Reports.

 

(a)          Comply,
and cause all lessees and other persons occupying Real Property owned, operated or leased by the Borrower to comply, in all respects
with all Environmental Laws and Environmental Permits applicable to its operations and Real Property; obtain and renew all material
Environmental Permits applicable to its operations and Real Property; and conduct all Responses required by, and in accordance
with, Environmental Laws, in each case except for instances of non-compliance that could not reasonably be expected to have a Material
Adverse Effect; provided that the Borrower shall not be required to undertake any Response to the extent that its obligation
to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect
to such circumstances in accordance with GAAP.

 

ARTICLE
V

NEGATIVE
COVENANTS

 

Borrower warrants,
covenants and agrees with each Lender that, so long as the principal of and interest on the Loan, all Administrative Agent Fees
and all other expenses or amounts payable under any Loan Document (except contingent amounts such as indemnities) have been paid
in full, unless the Required Lenders shall otherwise consent in writing, Borrower will not:

 

SECTION
5.01      Indebtedness.

 

Directly or indirectly
create, incur, assume, guarantee, become liable, contingently or otherwise, with respect to, or otherwise become responsible for
payment of ("incur") any Indebtedness (including, without limitation, Acquired Indebtedness), except the following
(collectively, the "Permitted Indebtedness"):

 

(a)          Indebtedness
incurred under this Agreement, the other Loan Documents and each Other Credit Agreement, in an aggregate amount not to exceed $500,000,000;

 

(b)          intercompany
Indebtedness owed to any Subsidiary provided that such Indebtedness shall be subordinated to the Obligations in a manner
reasonably satisfactory to the Administrative Agent;

 

(c)          (i)
Indebtedness existing on the Closing Date and listed on Schedule B and (ii) Refinancing Indebtedness incurred in respect thereof;

 

    	- 43 -

    	 

    

  

(d)          (i)
Indebtedness with respect to capital leases, (ii) purchase money Indebtedness and (iii) Refinancing Indebtedness incurred
in respect of the foregoing;

 

(e)          Indebtedness
consisting of financing of insurance premiums in the ordinary course of business;

 

(f)           cash
management obligations and other Indebtedness in respect of endorsements for collection or deposit, netting services, overdraft
protections and similar arrangements in each case in connection with deposit accounts; provided that such Indebtedness is
extinguished within ten (10) Business Days after its incurrence;

 

(g)          Indebtedness
consisting of (i) take-or-pay obligations contained in utility supply arrangements and (ii) customary indemnification obligations,
in each case, incurred in the ordinary course of business and not in connection with debt for money borrowed;

 

(h)          letters
of credit, bank guaranties or similar instruments in support of obligations in respect of workers' compensation, unemployment insurance
and other types of social security, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids,
leases, government contracts, trade contracts, performance and return of money bonds and other similar obligations (exclusive of
obligations for the payment of borrowed money or capital leases);

 

(i)           Indebtedness
arising from agreements providing for indemnification, adjustment of purchase or acquisition price, earn-out or similar obligations,
in each case, incurred or assumed in connection with the acquisition or disposition of any business or assets (including Equity
Interests);

 

(j)           Indebtedness
representing deferred compensation to directors, officers, employees, members of management and consultants in the ordinary course
of business;

 

(k)          Indebtedness
in respect of bankers' acceptances supporting trade payables, warehouse receipts or similar facilities entered into in the ordinary
course of business;

 

(l)           to
the extent constituting Indebtedness, investments in repurchase agreements constituting Cash Equivalents;

 

(m)         Indebtedness
incurred under customary "bad acts" guarantees, environmental guarantees and similar agreements; and

 

(n)          to
the extent constituting Indebtedness, all premiums (if any), interest, fees, expenses, charges and additional or contingent interest
on Indebtedness described in clauses (a) through (m) above;

 

provided
that, notwithstanding the foregoing, if no Event of Default shall have occurred and be continuing at the time of or as a consequence
of the incurrence of any such Indebtedness, Borrower may incur Indebtedness (including, without limitation, Acquired Indebtedness),
in each case if on the date of the incurrence of such Indebtedness, after giving effect to the incurrence thereof, the Fixed Charge
Coverage Ratio is equal to or greater than 1.50 to 1.00.

 

    	- 44 -

    	 

    

  

For purposes of this
Section 5.01, accrued interest or dividends, accretion of accreted value, accretion or accrual of original issue discount,
the payment of interest in the form of additional Indebtedness or the payment of dividends in the form of additional capital stock,
or the reclassification of obligations as Indebtedness because of a change in GAAP will not be treated as the incurrence of Indebtedness.
The amount of Indebtedness outstanding at any date will be (a) the accreted value of Indebtedness issued with original issue discount
and, (b) the principal amount, or liquidation preference, of any other Indebtedness. The maximum amount of permitted Indebtedness
that Borrower may incur will not be deemed violated because of fluctuations in currency exchange rates.

 

SECTION
5.02      Liens.

 

Create, incur, assume or permit to exist,
directly or indirectly, any Lien on any property now owned or hereafter acquired by it or on any income or revenues or rights in
respect of any thereof, except the following (collectively, the "Permitted Liens"):

 

(a)          Liens
for Taxes, assessments, utilities or governmental charges not yet due and payable or that are the subject of a good faith contest;

 

(b)          statutory
Liens of landlords, banks (and rights of set-off), carriers, warehousemen, mechanics, repairmen, workmen and materialmen, and other
Liens imposed by law (other than any such Lien imposed pursuant to Section 430(k) of the Internal Revenue Code or ERISA or a violation
of Section 436 of the Internal Revenue Code), in each case incurred in the ordinary course of business;

 

(c)          Liens
incurred in the ordinary course of business in connection with workers' compensation, unemployment insurance and other types of
social security, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government
contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the
payment of borrowed money or capital leases);

 

(d)          Liens
on property of a Person existing at the time such Person is merged into or consolidated with or otherwise acquired by the Borrower,
provided that such Liens were not in existence prior to, and were not created in contemplation of such merger, consolidation or
acquisition and do not extend to any assets other than those of the Person merged into or consolidated with the Borrower and the
replacement, renewal or extension thereof; provided that the scope of any such Lien shall not be increased, or otherwise
expanded, to cover any additional property or type of asset, as applicable, beyond that in existence on the date that such Person
is merged into or consolidated with or otherwise acquired by the Borrower, except for products and proceeds of the foregoing;

 

(e)          Liens
on property existing at the time of acquisition thereof by the Borrower; provided that such Liens were in existence prior to, and
were not created in contemplation of, such acquisition and do not extend to any assets other than property acquired and the replacement,
renewal or extension thereof; provided that the scope of any such Lien shall not be increased, or otherwise expanded, to
cover any additional property or type of asset, as applicable,

 

    	- 45 -

    	 

    

  

beyond that in existence
on the date of acquisition thereof, except for products and proceeds of the foregoing;

 

(f)           easements,
reciprocal easement agreements, rights-of-way, restrictions, encroachments, outstanding mineral and royalty interests, minor defects
or irregularities in title, and other similar encumbrances in each case which do not interfere in any material respect with the
ordinary conduct of the business of the Borrower;

 

(g)          any
interest or title of a lessor or sublessor under any lease not prohibited hereunder;

 

(h)          purported
Liens evidenced by the filing of precautionary UCC financing statements relating solely to operating leases of property entered
into in the ordinary course of business;

 

(i)           any
zoning or similar law or right reserved to or vested in any governmental office or agency to control or regulate the use of any
real property;

 

(j)           licenses
of patents, copyrights, trademarks and other intellectual property rights granted by the Borrower in the ordinary course of business
and not interfering in any material respect with the ordinary conduct of or materially detracting from the value of the business
of the Borrower;

 

(k)          Liens
described in Schedule 5.02 and the replacement, renewal or extension thereof (including Liens incurred, assumed or suffered
to exist in connection with Refinancing Indebtedness pursuant to Section 5.01(a) (solely to the extent that such Liens were
in existence on the Closing Date and described on Schedule 5.02)); provided that the scope of any such Lien shall not be
increased, or otherwise expanded, to cover any additional property or type of asset, as applicable, beyond that in existence on
the date hereof, except for products and proceeds of the foregoing;

 

(l)           Liens
securing Indebtedness permitted pursuant to Section 5.01(d); provided, any such Lien shall encumber only the asset acquired
with the proceeds of such Indebtedness; provided, that individual financings otherwise permitted to be secured hereunder
may be cross collateralized to other such financings;

 

(m)         Liens
securing Indebtedness permitted to be incurred under the proviso to Section 5.01; provided that such secured Indebtedness does
not exceed, in the aggregate, the greater of (i) 7.5% of the Borrower's consolidated total assets plus accumulated depreciation
and amortization and (ii) $500,000,000;

 

(n)          Liens
on Equity Interests of any Subsidiary or joint venture securing obligations arising in favor of other holders of Equity Interests
of such Person pursuant to agreements governing such Person;

 

(o)          Liens
securing judgments that do not constitute an Event of Default under Section 6.01(i);

 

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(p)          Liens
that are contractual rights of set-off (i) relating to the establishment of depository relations with banks in the ordinary
course of business not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts
to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business, (iii) relating to
purchase orders and other agreements entered into with customers in the ordinary course of business and (iv) attaching to
brokerage accounts incurred in the ordinary course of business;

 

(q)          Liens
in respect of leases, subleases, licenses, sublicenses or other occupancy agreements of property in the ordinary course of business;

 

(r)           Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods;

 

(s)          Liens
securing Derivative Transactions, provided that such Derivative Transactions are not entered into for speculative purposes;

 

(t)          deposits
made in the ordinary course of business to secure liability to insurance carriers and Liens on insurance policies and the proceeds
thereof securing the financing of the premiums with respect thereto;

 

(u)          (i)
Liens on advances of Cash or Cash Equivalents in favor of the seller of any property to be acquired to be applied against the purchase
price for such transaction, (ii) Liens consisting of an agreement in respect of any sale of assets; provided that such Liens attach
solely to the property subject to such sale of assets and (iii) earnest money deposits of Cash or Cash Equivalents in connection
with any letter of intent or purchase agreement;

 

(v)          Liens
deemed to exist in connection with repurchase agreements constituting Cash Equivalents; provided, that such Liens do not
extend to any assets other than those that are the subject of such repurchase agreement; and

 

(w)         other
Liens securing Indebtedness in an aggregate amount not to exceed $25,000,000 at any time outstanding.

 

SECTION
5.03      Reserved.

 

SECTION
5.04      Limitation on Fundamental Changes.

 

Not directly or indirectly
enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),
or convey, sell, lease, assign, transfer or otherwise dispose of, all or substantially all of its property, business or assets,
except:

 

(a)          any
Subsidiary of Borrower may be merged or consolidated with or into Borrower (provided that Borrower shall be the continuing
or surviving corporation); and

 

(b)          Borrower
may be merged or consolidated with or into another Person; provided that (i) Borrower shall be the continuing or surviving
corporation and no Default or Event of

 

    	- 47 -

    	 

    

  

Default shall have occurred
and be continuing or would occur as a result thereof; and (ii) Borrower may not be merged or consolidated with or into any Subsidiary
excepted as permitted in clause (a) above.

 

SECTION
5.05      Business.

 

Engage (directly or
indirectly) in any business other than those businesses in which Borrower and its Subsidiaries are engaged on the Cut-Off Date
(or, in the good faith judgment of the Board of Directors, which are reasonably related or ancillary thereto or are reasonable
extensions thereof).

 

SECTION
5.06      Limitation on Accounting Changes.

 

Make or permit any
change in accounting policies or reporting practices, without the consent of the Required Lenders, which consent shall not be unreasonably
withheld, except changes that are required by GAAP.

 

SECTION
5.07      Fiscal Year.

 

Change its fiscal year-end
to a date other than December 31.

 

SECTION
5.08      Compliance with Anti-Terrorism and Anti-Money Laundering Laws.

 

(a)          Directly
or indirectly, in connection with the Loan, (i) conduct any business or engage in making or receiving any contribution of
funds, goods or services to or for the benefit of any Embargoed Person in a manner that would constitute or give rise to a violation
of any Anti-Terrorism law by the Borrower, any Lender or the Administrative Agent, (ii) deal in, or otherwise engage in any
transaction relating to, any property or interests in property blocked pursuant to any Anti-Terrorism Law or (iii) engage
in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate,
any Anti-Terrorism Law.

 

(b)          Directly
or indirectly, in connection with the Loan, cause or permit any of the funds of Borrower that are used to repay the Loan to be
derived from any unlawful activity with the result that the making of the Loan or the repayment of the Loan would be in violation
of any Anti-Terrorism Law, any Anti-Money Laundering Law or any other Requirements of Law.

 

(c)          Cause
or consent to (i) an Embargoed Person to have any direct or indirect interest in or benefit of any nature whatsoever in Borrower
or (ii) any of the funds or properties of Borrower that are used to repay the Loan to constitute property of, or be beneficially
owned directly or indirectly by, an Embargoed Person.

 

(d)          Borrower
shall deliver to the Lenders any certification or other evidence requested from time to time by any Lender in its reasonable discretion,
confirming Borrower's compliance with this Section 5.08.

 

    	- 48 -

    	 

    

  

ARTICLE
VI

EVENTS
OF DEFAULT

 

SECTION
6.01      Events of Default.

 

Upon the occurrence and during the continuance
of the following events ("Events of Default"):

 

(a)          default
shall be made in the payment of any principal of the Loan when and as the same shall become due and payable, whether at the due
date thereof or at a date fixed for prepayment (whether voluntary or mandatory) thereof or by acceleration thereof or otherwise;

 

(b)          default
shall be made in the payment of any interest on the Loan or any Administrative Agent Fees or any other amount (other than an amount
referred to in paragraph (a) above) due under any Loan Document, when and as the same shall become due and payable, and such
default shall continue unremedied for a period of five Business Days;

 

(c)          any
representation or warranty made or deemed made in or in connection with any Loan Document or the Loan, or any representation, warranty,
statement or information contained in any report, certificate, financial statement or other instrument furnished in connection
with or pursuant to any Loan Document, shall prove to have been false or misleading in any material respect when so made, deemed
made or furnished; provided that if the Borrower did not know such representation, warranty, statement or other information
was correct at the time made, the inaccuracy of such matter shall not constitute an Event of Default hereunder unless it continues
to be incorrect for five (5) days or more after the earlier of (i) a Responsible Officer becoming aware of such default or (ii)
receipt by the Borrower of notice from Administrative Agent or any Lender of such default;

 

(d)          default
shall be made in the due observance or performance by the Borrower of any covenant, condition or agreement contained in Section 2.08(a),
2.08(c), 4.02(a), 4.03(a), or in Article V;

 

(e)          default
shall be made in the due observance or performance by the Borrower of any covenant, condition or agreement contained in any Loan
Document (other than those specified in paragraphs (a), (b) or (d) immediately above) and such default shall continue unremedied
or shall not be waived for a period of 30 days after the earlier of (i) written notice thereof from the Administrative Agent
or any Lender to Borrower, and (ii) Borrower or any Responsible Officer obtaining actual knowledge thereof;

 

(f)           Borrower
shall (i) fail to pay any principal or interest, regardless of amount, due in respect of any Indebtedness (other than the
Obligations), when and as the same shall become due and payable beyond any applicable grace period, or (ii) fail to observe
or perform any other term, covenant, condition or agreement contained in any agreement or instrument evidencing or governing any
such Indebtedness if the effect of any failure referred to in this clause (ii) is to cause such Indebtedness to become due
prior to its stated maturity or become subject to a mandatory offer to purchase by the Borrower; provided that it shall
not constitute an Event of Default pursuant to this paragraph (f) unless the aggregate amount of all such Indebtedness referred
to in clauses (i) and (ii) exceeds $50,000,000 at any one time (provided that, in the case

 

    	- 49 -

    	 

    

  

of Hedging Obligations,
the amount counted for this purpose shall be the amount payable by Borrower if such Hedging Obligations were terminated at such
time);

 

(g)          an
involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking
(i) relief in respect of Borrower or any Material Subsidiary, or of a substantial part of the property of Borrower or any
Material Subsidiary, under Title 11 of the U.S. Code, as now constituted or hereafter amended, or any other federal, state or foreign
bankruptcy, insolvency, receivership or similar law; (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for Borrower or any Material Subsidiary or for a substantial part of the property of Borrower or
any Material Subsidiary; or (iii) the winding-up or liquidation of Borrower; and such proceeding or petition shall continue
undismissed for 90 days or an order or decree approving or ordering any of the foregoing shall be entered; provided,
however, that in the case of the foregoing clauses (i), (ii) and (iii), to the extent such involuntary proceeding or filing
is against a Turn-Over Subsidiary and has not been consented to, solicited by, or colluded in by Borrower or its Subsidiaries,
then such involuntary proceeding or filing shall not constitute an Event of Default hereunder;

 

(h)          Borrower
or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11
of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency,
receivership or similar law; (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or the filing of any petition described in clause (g) above; (iii) apply for or consent to the appointment
of a receiver, trustee, custodian, sequestrator, conservator or similar official for Borrower or any Material Subsidiary or for
a substantial part of the property of Borrower or any Material Subsidiary; (iv) file an answer admitting the material allegations
of a petition filed against it in any such proceeding; (v) make a general assignment for the benefit of creditors; (vi) become
unable, admit in writing its inability or fail generally to pay its debts as they become due; (vii) take any action for the
purpose of effecting any of the foregoing; or (viii) wind up or liquidate;

 

(i)           one
or more judgments, orders or decrees for the payment of money in an aggregate amount in excess of $50,000,000 shall be rendered
against Borrower or any combination thereof and the same shall remain undischarged, unvacated or unbonded for a period of 60 consecutive
days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to levy
upon properties of Borrower to enforce any such judgment;

 

(j)           this
Agreement or any other Loan Document ceases to be in full force and effect or any material provisions thereof shall at any
time and for any reason be declared by a court of competent jurisdiction to be null and void, or a proceeding shall be commenced
by Borrower or any other person, or by any Governmental Authority, seeking to establish the invalidity or unenforceability thereof
(exclusive of questions of interpretation of any provision thereof), or Borrower shall repudiate or deny any portion of its liability
or obligation for the Obligations;

 

(k)          the
occurrence of any "Failure to Pay", "Bankruptcy" or "Modified Restructuring" "Credit Event"
has occurred (in each case as determined by the ISDA determinations committee) with respect to Borrower as "Reference Entity"
and "Borrowed Money" as "Obligations" (with

    	- 50 -

    	 

    

  

quoted terms having the
meanings given to them in the 2003 ISDA Credit Derivatives Definitions as published by the International Swaps and Derivatives
Association, Inc.); provided that the threshold amount for "Failure to Pay" shall be $50,000,000 and the threshold
amount for "Modified Restructuring" shall be $50,000,000;

 

(l)           the
occurrence of any "Credit Event Upon Merger" with respect to Borrower as "Reference Entity" (with quoted terms
having the meanings given to them in the 2003 ISDA Credit Derivatives Definitions as published by the International Swaps and Derivatives
Association, Inc.), as determined by the ISDA determinations committee; or

 

(m)         one
or more ERISA Events shall have occurred that, in the opinion of the Required Lenders, when taken together with all other such
ERISA Events could reasonably be expected to result in a Material Adverse Effect;

 

then, and in every such
event (other than an event described in paragraph (g) or (h) above), and at any time thereafter during the continuance of
such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to Borrower, take either
or both of the following actions, at the same or different times declare the Loan then outstanding to be forthwith due and payable
in whole or in part, whereupon the principal of the Loan so declared to be due and payable, together with accrued interest thereon
and any unpaid accrued Administrative Agent Fees and all other Obligations of Borrower accrued hereunder and under any other Loan
Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of
which are hereby expressly waived by Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding;
and in any event, with respect to an event described in paragraph (g) or (h) above, the principal of the Loan then outstanding,
together with accrued interest thereon and any unpaid accrued Administrative Agent Fees and all other Obligations of Borrower accrued
hereunder and under any other Loan Document, shall automatically become due and payable, without presentment, demand, protest or
any other notice of any kind, all of which are hereby expressly waived by Borrower, anything contained herein or in any other Loan
Document to the contrary notwithstanding.

 

ARTICLE
VII

THE
ADMINISTRATIVE AGENT

 

SECTION
7.01      Appointment and Authority.

 

Each of the Lenders
hereby irrevocably appoints UBS AG, Stamford Branch, to act on its behalf as the Administrative Agent hereunder and under the other
Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated
to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental
thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and Borrower shall
not have rights as a third party beneficiary of any of such provisions.

 

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SECTION
7.02      Rights as a Lender.

 

The Administrative
Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same
as though it were not the Administrative Agent and the term "Lender" or "Lenders" shall, unless otherwise expressly
indicated or unless the context otherwise requires, include each person serving as the Administrative Agent hereunder in its individual
capacity. Such person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other
advisory capacity for and generally engage in any kind of business with Borrower or any Subsidiary or other Affiliate thereof as
if such person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

 

SECTION
7.03      Exculpatory Provisions.

 

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

 

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

 

(ii)          have
any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing
by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the
other Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its judgment
or the judgment of its counsel, may expose it to liability or that is contrary to any Loan Document or applicable Requirements
of Law; and

 

(iii)         except
as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure
to disclose, any information relating to Borrower or any of its Affiliates that is communicated to or obtained by the person serving
as the Administrative Agent or any of its Affiliates in any capacity.

 

The Administrative
Agent shall not be liable for any action taken or not taken by it (x) with the consent or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Section 8.02) or (y) in the absence of its own
gross negligence or willful misconduct. The Administrative Agent shall not be deemed to have knowledge of any Default unless and
until notice describing such Default is given to the Administrative Agent by Borrower or a Lender.

 

The Administrative
Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of
any of the covenants, agreements or other terms or conditions set

 

    	- 52 -

    	 

    

  

forth herein or therein
or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other
Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth herein, other
than to confirm receipt of items expressly required to be delivered to the Administrative Agent. Without limiting the generality
of the foregoing, the use of the term "agent" in this Agreement with reference to the Administrative Agent is not intended
to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead,
such term us used merely as a matter of market custom and is intended to create or reflect only an administrative relationship
between independent contracting parties.

 

SECTION
7.04      Reliance by Administrative Agent.

 

The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper person. The Administrative
Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper person,
and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of
the Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition
is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior
to the making of the Loan. The Administrative Agent may consult with legal counsel (who may be counsel for Borrower), independent
accountants and other experts selected by it, and shall be entitled to rely upon the advice of any such counsel, accountants or
experts and shall not be liable for any action taken or not taken by it in accordance with such advice.

 

SECTION
7.05      Delegation of Duties.

 

The Administrative
Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or
through, or delegate any and all such rights and powers to, any one or more sub-agents appointed by the Administrative Agent. The
Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related
Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities as the Administrative
Agent.

 

SECTION
7.06      Resignation of Agent.

 

(a)          The
Administrative Agent may at any time give notice of its resignation to the Lenders and Borrower. Upon receipt of any such notice
of resignation, the Required Lenders shall have the right, with consent of the Borrower (such consent not to be unreasonably withheld
and not to be required if an Event of Default has occurred and is continuing), to appoint a successor, which shall be a bank with
an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall
have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring 

 

    	- 53 -

    	 

    

  

Administrative
Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders, appoint a
successor Administrative Agent meeting the qualifications set forth above provided that if the Administrative Agent
shall notify Borrower and the Lenders that no qualifying person has accepted such appointment, then such resignation shall
nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be
discharged from its duties and obligations hereunder and under the other Loan, and (2) all payments, communications and
determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender
directly, until such time as the Required Lenders appoint a successor Agent as provided for above in this paragraph. Upon the
acceptance of a successor's appointment as Administrative Agent hereunder, such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring
Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents
(if not already discharged therefrom as provided above in this paragraph). The fees payable by Borrower to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between Borrower and such
successor. After the retiring Administrative Agent's resignation hereunder and under the other Loan Documents, the provisions
of this Article VII and Section 8.03 shall continue in effect for the benefit of such retiring
Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be
taken by any of them while the retiring Administrative Agent was acting as Administrative Agent.

 

SECTION
7.07      Non-Reliance on Agent and Other Lenders.

 

Each Lender acknowledges
that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender further
represents and warrants that it has had the opportunity to review each document made available to it on the Platform in connection
with this Agreement and has acknowledged and accepted the terms and conditions applicable to the recipients thereof. Each Lender
also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based
on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking
or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

 

SECTION
7.08      Withholding Tax.

 

To the extent required
by any applicable law, the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable
withholding tax. Without limiting the provisions of Section 2.13(a) or (c), each Lender shall, and does hereby, indemnify
the Administrative Agent, and shall make payable in respect thereof within 30 days after demand therefor, against any and all Taxes
and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for
the Administrative Agent) incurred by or asserted against the Administrative Agent by the Internal Revenue Service or any other
Governmental Authority as a result of the failure of the Administrative Agent to properly withhold tax from amounts paid to or
for the account of any Lender for any reason

 

    	- 54 -

    	 

    

  

(including, without limitation,
because the appropriate form was not delivered or not property executed, or because such Lender failed to notify the Administrative
Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax ineffective). A certificate
as to the amount of such payment or liability delivered to any Lender or by the Administrative Agent shall be conclusive absent
manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing
to such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 7.08.
The agreements in this Section 7.08 shall survive the resignation and/or replacement of the Administrative Agent, any
assignment of rights by, or the replacement of, a Lender and the repayment, satisfaction or discharge of all other Obligations.

 

SECTION
7.09      Reserved.

 

SECTION
7.10      Enforcement.

 

Notwithstanding anything
to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under
the other Loan Documents against Borrower shall be vested exclusively in, and all actions and proceedings at law in connection
with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent, or as the Required Lenders may
require or otherwise direct, for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit
(a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its
capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in
accordance with, and subject to, the terms of this Agreement, or (c) any Lender from filing proofs of claim or appearing and filing
pleadings on its own behalf during the pendency of a proceeding relative to Borrower under any bankruptcy or insolvency law.

 

ARTICLE
VIII

MISCELLANEOUS

 

SECTION
8.01      Notices.

 

(a)          Generally.  Except
in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in paragraph
(b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed by certified or registered mail as follows:

 

(i)           if
to Borrower at:

 

c/o NorthStar Realty Finance
Corp.

399 Park Avenue, 18th Floor

New York, New York 10022

Attention: General Counsel

Phone: 212-547-2600

 

    	- 55 -

    	 

    

  

In each case, with a copy to:

 

Clifford Chance US LLP

31 West 52nd Street

New York, New York 10019

Attention: Robert Villani

Email: robert.villani@cliffordchance.com

Phone: 212-878-8214

 

(ii)          if
to the Administrative Agent, to it at:

 

UBS AG, Stamford Branch

677 Washington Boulevard

Stamford, Connecticut 06901

Attention: BPS Agency Group

Email: DL-UBSAgency@ubs.com

Tel: 203-719-4319

Fax: 203-719-4176

 

(iii)         if
to a Lender, to it at its address set forth in its Administrative Questionnaire.

 

Notices sent by hand or overnight courier
service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier
shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic
communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). Any
party hereto may change its address or telecopier number for notices and other communications hereunder by written notice to Borrower
and the Administrative Agent.

 

(b)          Electronic
Communications.    Notices and other communications to the Lenders hereunder may (subject to the provisions of
this Section 8.01) be delivered or furnished by electronic communication (including e-mail and Internet or intranet
websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices
to any Lender pursuant to Article II if such Lender, as applicable, has notified the Administrative Agent that it is
incapable of receiving notices under such Article by electronic communication. The Administrative Agent or Borrower may, in its
discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures
approved by it (including pursuant to the provisions of this Section 8.01); provided that approval of such procedures
may be limited to particular notices or communications.

 

Borrower hereby agrees
that it will provide to the Administrative Agent all information, documents and other materials that it is obligated to furnish
to the Administrative Agent or the Lenders pursuant to this Agreement and any other Loan Document, including all notices, requests,
financial statements, financial and other reports, certificates and other information materials (the "Communications"),
by transmitting them in an electronic medium in a format reasonably acceptable to the Administrative Agent at such e-mail address(es)
provided to Borrower from time to time or in such other form as the Administrative Agent shall require. In addition, Borrower agrees
to continue to provide the Communications to the Administrative

 

    	- 56 -

    	 

    

  

Agent in the manner specified
in this Agreement or any other Loan Document or in such other form as the Administrative Agent shall require. Nothing in this Section 8.01
shall prejudice the right of the Administrative Agent, any Lender or Borrower to give any notice or other communication pursuant
to this Agreement or any other Loan Document in any other manner specified in this Agreement or any other Loan Document or as the
Administrative Agent shall require.

 

Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the
sender's receipt of an acknowledgement from the intended recipient (such as by the "return receipt requested" function,
as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not
sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening
of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet
website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing
clause (i) of notification that such notice or communication is available and identifying the website address therefor.

 

To the extent consented
to by the Administrative Agent in writing from time to time, the Administrative Agent agrees that receipt of the Communications
(other than any such Communication that (i) relates to a request for a conversion of the Loan, (ii) relates to the payment
of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any
Default under this Agreement or (iv) is required to be delivered to satisfy any condition precedent to the effectiveness of
this Agreement and/or the Loan) by the Administrative Agent at its e-mail address(es) set forth above shall constitute effective
delivery of the Communications to the Administrative Agent for purposes of the Loan Documents.

 

(c)          Platform.   Borrower
further agrees that the Administrative Agent may make the Communications available to the Lenders by posting the Communications
on SyndTrak or a substantially similar secure electronic transmission system (the "Platform"). The Platform is
provided "as is" and "as available." The Administrative Agent do not warrant the accuracy or completeness of
the Communications, or the adequacy of the Platform and expressly disclaim liability for errors or omissions in the communications.
No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness
for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the
Administrative Agent in connection with the Communications or the Platform. In no event shall the Administrative Agent or any of
its Related Parties have any liability to Borrower, any Lender or any other person for damages of any kind, including direct or
indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out
of Borrower's or the Administrative Agent's transmission of communications through the Internet, except to the extent the liability
of such person is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such person's
gross negligence or willful misconduct.

 

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(d)          Public/Private.1    Borrower
hereby authorizes the Administrative Agent to distribute (i) to Private Siders all Communications, including any Communication
that Borrower identifies in writing is to be distributed to Private Siders only ("Private Side Communications"),
and (ii) to Public Siders all Communications other than any Private Side Communication. Borrower represents and warrants that no
Communication (other than Private Side Communications) contains any MNPI. Borrower agrees to designate as Private Side Communications
only those Communications or portions thereof that it reasonably believes in good faith include MNPI. Borrower agrees to use all
commercially reasonable efforts not to designate any Communications provided under Section 4.01(a), (b), and
(c) as Private Side Communications. "Private Siders" shall mean Lenders' employees and representatives
who have declared that they are authorized to receive MNPI. "Public Siders" shall mean Lenders' employees and
representatives who have not declared that they are authorized to receive MNPI; it being understood that Public Siders may be engaged
in investment and other market-related activities with respect to Borrower's or its affiliates' securities or loans. "MNPI"
shall mean material non-public information (within the meaning of United States federal securities laws) with respect to Borrower,
its affiliates and any of their respective securities.

 

Each Lender acknowledges
that United States federal and state securities laws prohibit any person from purchasing or selling securities on the basis of
material, non-public information concerning the issuer of such securities or, subject to certain limited exceptions, from communicating
such information to any other person. Each Lender confirms that it has developed procedures designed to ensure compliance with
these securities laws.

 

Each Lender acknowledges
that circumstances may arise that require it to refer to Communications that may contain MNPI. Accordingly, each Lender agrees
that it will use commercially reasonable efforts to designate at least one individual to receive Private Side Communications on
its behalf in compliance with its procedures and applicable law and identify such designee (including such designee's contact information)
on such Lender's Administrative Questionnaire. Each Lender agrees to notify the Administrative Agent in writing from time to time
of such Lender's designee's e-mail address to which notice of the availability of Private Side Communications may be sent by electronic
transmission.

 

Each Lender that elects
not to be given access to Private Side Communications does so voluntarily and, by such election, (i) acknowledges and agrees that
the Administrative Agent and other Lenders may have access to Private Side Communications that such electing Lender does not have
and (ii) takes sole responsibility for the consequences of, and waives any and all claims based on or arising out of, not
having access to Private Side Communications.

 

SECTION
8.02      Waivers; Amendment.

 

(a)          Generally.   No
failure or delay by the Administrative Agent or any Lender in exercising any right or power hereunder or under any other Loan Document
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance
of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or
power. The rights and remedies of

 

 

 

1 TBD.

 

    	- 58 -

    	 

    

  

the Administrative Agent
and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that
they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by Borrower therefrom shall
in any event be effective unless the same shall be permitted by this Section 8.02, and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing,
the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender
may have had notice or knowledge of such Default at the time. No notice or demand on Borrower in any case shall entitle Borrower
to any other or further notice or demand in similar or other circumstances.

 

(b)          Required
Consents.   Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived,
amended, supplemented or modified except, in the case of this Agreement or any other Loan Document, pursuant to an agreement
or agreements in writing entered into by Borrower and the Administrative Agent, with the written consent of the Required Lenders;
provided that no such agreement shall be effective if the effect thereof would:

 

(i)           reduce
the principal amount, Breakage Costs, Prepayment Premium or Make-Whole Amount, if any, of the Loan (except in connection with a
payment contemplated by clause (v) below) or reduce the rate of interest thereon including by modification of any provision establishing
a minimum rate (other than interest pursuant to Section 2.05(d), which may be waived by the Required Lenders), or reduce
any Administrative Agent Fees payable hereunder, or change the form or currency of payment of any Obligation, without the written
consent of each Lender directly affected thereby (it being understood that any amendment or modification to the financial definitions
in this Agreement shall not constitute a reduction in the rate of interest for purposes of this clause (i));

 

(ii)          (A) change
the Maturity Date of the Loan, or any scheduled date of payment (excluding Sections 2.08(b) and (c)) of or the
installment otherwise due on the principal amount of the Loan under Section 2.07, or (B) reduce the amount of,
waive or excuse any such payment (other than waiver of any increase in the interest rate pursuant to Section 2.05(c)),
in any case, without the written consent of each Lender directly affected thereby;

 

(iii)         increase
the maximum duration of Interest Periods hereunder, without the written consent of each Lender directly affected thereby;

 

(iv)         permit
the assignment or delegation by Borrower of any of its rights or obligations under any Loan Document, without the written consent
of each Lender;

 

(v)          change
Section 2.12(b) or (c) in a manner that would alter the pro rata sharing of payments or setoffs required
thereby or any other provision in a manner that would alter the pro rata allocation among the Lenders of Loan disbursements,
without the written consent of each Lender directly affected thereby;

 

    	- 59 -

    	 

    

  

(vi)         change
any provision of this Section 8.02(b) or (d), without the written consent of each Lender directly affected thereby;

 

(vii)        change
the percentage set forth in the definition of "Required Lenders," or any other provision of any Loan Document (including
this Section) specifying the number or percentage of Lenders required to waive, amend or modify any rights thereunder or make any
determination or grant any consent thereunder, without the written consent of each Lender, other than to increase such percentage
or number or to give any additional Lender or group of Lenders such right to waive, amend or modify or make any such determination
or grant any such consent;

 

(viii)       change
the application of prepayments as among Lenders under Section 2.08(d), without the written consent of each Lender that
is being allocated a lesser prepayment as a result thereof;

 

(ix)          subordinate
the Obligations to any other obligation, without the written consent of each Lender;

 

(x)           change
or waive any provision of Article VII as the same applies to the Administrative Agent, or any other provision hereof as
the same applies to the rights or obligations of the Administrative Agent, in each case without the written consent of the Administrative
Agent;

 

SECTION
8.03      Expenses; Indemnity; Damage Waiver.

 

(a)          Costs
and Expenses.   Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent
and its respective Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent)
in connection with the establishment of the credit facilities provided for herein, the preparation, negotiation, execution and
delivery of this Agreement and the other Loan Documents or any amendment, amendment and restatement, modification or waiver of
the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and including
any costs and expenses of the service provider referred to in Section 7.03, or (ii) all out-of-pocket expenses incurred
by the Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel for the Administrative
Agent or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement
and the other Loan Documents, including its rights under this Section 8.03, or (B) in connection with the Loan
made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect
of the Loan.

 

(b)          Indemnification
by Borrower.   Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, and each
Related Party of any of the foregoing persons (each such person being called an "Indemnitee") against, and hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including reasonable fees,
charges and disbursements of one counsel for all Indemnitees) incurred by any Indemnitee or asserted against any Indemnitee by
any party hereto or any third party in a suit, investigation, action or other legal proceeding arising out of, in connection with,
or as a result of

 

    	- 60 -

    	 

    

  

(i) the execution
or delivery of this Agreement, any other Loan Document, or any amendment, amendment and restatement, modification or waiver of
the provisions hereof or thereof, or any agreement or instrument contemplated hereby or thereby, the performance by the parties
hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby,
(ii) the Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or Release or
threatened Release of Hazardous Materials on, at, under or from any property owned, leased or operated by any Company at any time,
or any Environmental Claim related in any way to any Company, or (iv) any actual or prospective claim, litigation, investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third
party or by Borrower, and regardless of whether any Indemnitee is a party thereto (but excluding a claim brought by one Indemnitee
against another Indemnitee); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that
such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final
and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result
from a claim brought by Borrower against an Indemnitee for breach in bad faith of such Indemnitee's obligations hereunder or under
any other Loan Document, if Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by
a court of competent jurisdiction.

 

(c)          Reimbursement
by Lenders.   To the extent that Borrower for any reason fails to indefeasibly pay any amount required under paragraph (a)
or (b) of this Section 8.03 to be paid by it to the Administrative Agent (or any sub-agent thereof), or any Related
Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such
Related Party, as the case may be, such Lender's pro rata share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) of such unpaid amount (such indemnity shall be effective whether or not the related losses,
claims, damages, liabilities and related expenses are incurred or asserted by any party hereto or any third party); provided
that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred
by or asserted against the Administrative Agent (or any such sub-agent) or against any Related Party of any of the foregoing acting
for the Administrative Agent (or any such sub-agent). The obligations of the Lenders under this paragraph (c) are subject
to the provisions of Section 2.12.

 

(d)          Waiver
of Consequential Damages, Etc.   To the fullest extent permitted by applicable Requirements of Law, Borrower shall
not assert, and Borrower hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, the
Loan or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising
from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic
or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated
hereby or thereby.

 

    	- 61 -

    	 

    

  

(e)          Payments.  All
amounts due under this Section shall be payable not later than 3 Business Days after demand therefor.

 

SECTION
8.04      Successors and Assigns.

 

(a)          Successors
and Assigns Generally.   The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that Borrower may not assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no
Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance
with the provisions of paragraph (b) of this Section 8.04, (ii) by way of participation in accordance with
the provisions of paragraph (d) of this Section 8.04 or (iii) by way of pledge or assignment of a security
interest subject to the restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer
shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any person (other than
the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d)
of this Section and, to the extent expressly contemplated hereby, the other Indemnitees) any legal or equitable right, remedy
or claim under or by reason of this Agreement.

 

(b)          Assignments
by Lenders.

 

(i)           Subject
to the conditions set forth in paragraph (b)(ii) below, any Lender may at any time assign to one or more assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion of the Loan at the time owing to it) with the prior
written consent (such consent not to be unreasonably withheld or delayed) of:

 

(A)         Borrower;
provided that no consent of Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved
Fund or, if an Event of Default has occurred and is continuing, any other assignee; provided further that when required,
Borrower's consent shall be deemed to have been given unless Borrower objects to such assignment within ten Business Days after
receiving notice of such assignment;

 

(B)         the
Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment of all or
any portion of a Loan to a Lender, an Affiliate of a Lender or an Approved Fund; and

 

(ii)          Assignments
shall be subject to the following additional conditions:

 

(A)         except
in the case of an assignment of the entire remaining amount of the assigning Lender's portion of the Loan at the time owing to
it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the principal
outstanding balance of the Loan of the assigning Lender subject to each such assignment (determined as of the date the Assignment
and Assumption with respect to such assignment is delivered to the Administrative Agent or, if "Trade Date" is specified
in the Assignment and Assumption, as of the Trade Date) shall not be less than $5.0 million, unless each of the Administrative
Agent and, so long as no Default has occurred and is continuing, Borrower otherwise consent (each such consent not to be unreasonably
withheld or delayed);

 

    	- 62 -

    	 

    

  

(B)         each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender's rights and obligations
under this Agreement with respect to the Loan assigned; and

 

(C)         the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee of $3,500, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire.

 

Subject to acceptance and recording thereof
by the Administrative Agent pursuant to paragraph (c) of this Section 8.04, from and after the effective date
specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent
of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and
the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from
its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender's rights
and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits
of Sections 2.10, 2.11, 2.13 and 8.03 with respect to facts and circumstances occurring prior
to the effective date of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with Section 8.04(d).

 

(c)          Register.   The
Administrative Agent, acting solely for this purpose as an agent of Borrower, shall maintain a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders and principal amounts (and stated
interest) of the Loan owing to, each Lender pursuant to the terms hereof from time to time (the "Register"). The
entries in the Register shall be conclusive, and Borrower, the Administrative Agent and the Lenders shall treat each person whose
name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register shall be available for inspection by Borrower, at any reasonable time and from time to time
upon reasonable prior notice.

 

(d)          Participations.   Any
Lender may at any time, without the consent of, or notice to, Borrower or the Administrative Agent, sell participations to any
person (other than a natural person or Borrower or any of its Affiliates) (each, a "Participant") in all or a
portion of such Lender's rights and/or obligations under this Agreement (including all or a portion the Loan owing to it); provided
that (i) such Lender's obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) Borrower, the Administrative Agent
and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations
under this Agreement.

 

Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce the
Loan Documents and to approve any amendment, modification or waiver of any provision of the Loan Documents;

 

    	- 63 -

    	 

    

  

provided
that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in clause (i) or (ii) of the first proviso to Section 8.02(b) that affects such Participant.
Subject to paragraph (e) of this Section, Borrower agrees that each Participant shall be entitled to the benefits of Sections
2.10, 2.11 and 2.13 (subject to such Participant satisfying the requirements of those Sections as if it were
a Lender) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b)
of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 8.08
as though it were a Lender.

 

Each Lender that sells
a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name
and address of each Participant and the principal amounts (and stated interest) of each participant's interest in the Loan or other
obligations under this Agreement (the "Participant Register"). The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as
the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.

 

(e)          Limitations
on Participant Rights.   A Participant shall not be entitled to receive any greater payment under Sections 2.10,
2.11 and 2.13 than the applicable Lender would have been entitled to receive with respect to the participation sold
to such Participant, unless the sale of the participation to such Participant is made with Borrower's prior written consent (not
to be unreasonably withheld or delayed).

 

(f)           Certain
Pledges.   Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under
this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve
Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute
any such pledgee or assignee for such Lender as a party hereto. In the case of any Lender that is a fund that invests in bank loans,
such Lender may, without the consent of Borrower or the Administrative Agent, collaterally assign or pledge all or any portion
of its rights under this Agreement, including the Loan or any instrument evidencing its rights as a Lender under this Agreement,
to any holder of, trustee for, or any other representative of holders of, obligations owed or securities issued, by such fund,
as security for such obligations or securities.

 

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

 

    	- 64 -

    	 

    

  

SECTION
8.05      Survival of Agreement.

 

All covenants, agreements,
representations and warranties made by the Borrower in the Loan Documents and in the certificates or other instruments delivered
in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the
other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of the Loan, regardless
of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, or any Lender
may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder,
and shall continue in full force and effect as long as the principal of or any accrued interest on the Loan or any fee or any other
amount payable under this Agreement is outstanding and unpaid. The provisions of Sections 2.10, 2.12, 2.13
and Article VII (other than Section 8.12) shall survive and remain in full force and effect regardless
of the consummation of the transactions contemplated hereby, the repayment of the Loan or the termination of this Agreement or
any provision hereof.

 

SECTION
8.06      Counterparts; Integration; Effectiveness.

 

This Agreement may
be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any separate
letter agreements with respect to fees payable to the Administrative Agent, constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the
subject matter hereof. This Agreement shall become effective when it shall have been executed by the Administrative Agent and when
the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the
other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopier or other electronic
transmission (i.e. a "pdf" or "tif" document) shall be effective as delivery of a manually executed counterpart
of this Agreement.

 

SECTION
8.07      Severability.

 

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

 

SECTION
8.08      Right of Setoff.

 

If an Event of Default
shall have occurred and be continuing, each Lender, and each of its respective Affiliates is hereby authorized at any time and
from time to time, to the fullest extent permitted by applicable Requirements of Law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever
currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of Borrower against any and
all of the obligations of Borrower now

 

    	- 65 -

    	 

    

  

or hereafter existing
under this Agreement or any other Loan Document to such Lender, irrespective of whether or not such Lender shall have made any
demand under this Agreement or any other Loan Document and although such obligations of Borrower may be contingent or unmatured
or are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that such Lender or its respective Affiliates may have. Each Lender agrees to notify Borrower
and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice
shall not affect the validity of such setoff and application.

 

SECTION
8.09      Governing Law; Jurisdiction; Consent to Service of Process.

 

(a)          Governing
Law.   This Agreement and the transactions contemplated hereby, and all disputes between the parties under or
relating to this Agreement or the facts or circumstances leading to its execution, whether in contract, tort or otherwise,
shall be construed in accordance with and governed by the laws (including statutes of limitation) of the State of New York,
without regard to conflicts of law principles that would require the application of the laws of another jurisdiction.

 

(b)          Submission
to Jurisdiction.   Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the
nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States
District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties
hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard
and determined in such New York State court or, to the fullest extent permitted by applicable law, in such Federal court.
Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or
any other Loan Document shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any
action or proceeding relating to this Agreement or any other Loan Document against Borrower or its properties in the courts
of any jurisdiction.

 

(c)          Venue.   Borrower
hereby irrevocably and unconditionally waives, to the fullest extent permitted by applicable Requirements of Law, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement or any other Loan Document in any court referred to in Section 8.09(b). Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by applicable Requirements of Law, the defense of an inconvenient forum to
the maintenance of such action or proceeding in any such court.

 

(d)          Service
of Process.   Each party hereto irrevocably consents to service of process in any action or proceeding arising out
of or relating to any Loan Document, in the manner provided for notices (other than telecopier) in Section 8.01. Nothing
in this Agreement or any other Loan Document will affect the right of any party hereto to serve process in any other manner permitted
by applicable Requirements of Law.

 

    	- 66 -

    	 

    

  

SECTION
8.10      Waiver of Jury Trial.

 

Borrower hereby waives,
to the fullest extent permitted by applicable Requirements of Law, any right it may have to a trial by jury in any legal proceeding
directly or indirectly arising out of or relating to this Agreement, any other Loan Document or the transactions contemplated hereby
(whether based on contract, tort or any other theory). Each party hereto (a) certifies that no representative, agent or attorney
of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to
enforce the foregoing waiver and (b) acknowledges that it and the other parties hereto have been induced to enter into this
Agreement by, among other things, the mutual waivers and certifications in this Section.

 

SECTION
8.11      Headings.

 

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

 

SECTION
8.12      Treatment of Certain Information; Confidentiality.

 

Each of the Administrative
Agent, the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be
disclosed (a) to its Affiliates and to its and its Affiliates' respective partners, directors, officers, employees, agents,
advisors and other representatives (it being understood that the persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested
by any Governmental Authority or regulatory authority (including any self-regulatory authority, such as the National Association
of Insurance Commissioners), (c) to the extent required by applicable Requirements of Law or by any subpoena or similar legal
process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other
Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder
or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section 8.12,
to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations
under this Agreement, (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction
relating to Borrower and its obligations or (iii) any rating agency for the purpose of obtaining a credit rating applicable to
any Lender, (g) with the consent of Borrower or (h) to the extent such Information (x) becomes publicly available
other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or
any of their respective Affiliates on a nonconfidential basis from a source other than Borrower. For purposes of this Section,
"Information" means all information received from or on behalf of Borrower or any of its Subsidiaries relating
to Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available
to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by Borrower or any of its Subsidiaries;
provided that, in the case of information received from Borrower or any of its Subsidiaries after the Cut-Off Date, such
information is clearly identified at the time of delivery as confidential. Any person required to maintain the confidentiality
of Information as provided in this Section shall be considered to have complied with its obligation to do so if such person
has exercised the same degree of care to

 

    	- 67 -

    	 

    

  

maintain the confidentiality
of such Information as such person would accord to its own confidential information.

 

SECTION
8.13      USA PATRIOT Act Notice and Customer Identification Information and Verification.

 

Each Lender that is
subject to the Bank Secrecy Act, as amended by the USA PATRIOT Act, and the Administrative Agent (for itself and not on behalf
of any Lender) hereby notify Borrower that pursuant to the customer identification program and "know your customer" regulations
and requirements of the Bank Secrecy Act, they are required to obtain information and documentation, verify identity, and record
information that identifies Borrower, which information includes the name, street address and taxpayer or other government identification
number (and other identifying information or documentation in the event this information is insufficient to comply with the information
or verification requirements) that will allow such Lender or the Administrative Agent, as applicable, to identify and verify the
identity of Borrower. This information and any documentation must be delivered to the Lenders and the Administrative Agent promptly
upon request. This notice is given in accordance with the requirements of the Bank Secrecy Act and is effective as to the Lenders
and the Administrative Agent.

 

SECTION
8.14      Interest Rate Limitation.

 

Notwithstanding anything
herein to the contrary, if at any time the interest rate applicable to the Loan, together with all fees, charges and other amounts
which are treated as interest on the Loan under applicable Requirements of Law (collectively, the "Charges"),
shall exceed the maximum lawful rate (the "Maximum Rate") which may be contracted for, charged, taken, received
or reserved by a Lender holding any portion of the Loan in accordance with applicable Requirements of Law, the rate of interest
payable in respect of such portion of the Loan hereunder, together with all Charges payable in respect thereof, shall be limited
to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such portion
of the Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges
payable to such Lender in respect of other periods shall be increased (but not above the Maximum Rate therefor) until such cumulated
amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by
such Lender.

 

[Signature Pages Follow]

 

    	- 68 -

    	 

    

 

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

 

	 	NORTHSTAR REALTY FINANCE CORP.
	 	 
	 	By:	/s/ Al Tylis
	 	 	Name: Al Tylis
	 	 	Title: President

 

Credit
Agreement

 

    	 

    	 

    

  

	 	UBS AG, STAMFORD BRANCH, as

Administrative Agent
	 	 	 
	 	By:	/s/ Lana Gifas
	 	 	Name: Lana Gifas
	 	 	Title: Director, Banking Products Services, US
	 	 	 
	 	By:	/s/ Jennifer Anderson
	 	 	Name: Jennifer Anderson
	 	 	Title: Associate Director, Banking Product Services, US

 

Credit
Agreement

 

    	 

    	 

    

  

	 	UBS AG, STAMFORD BRANCH, as Lender
	 	 	 
	 	By:	/s/ Lana Gifas
	 	 	Name: Lana Gifas
	 	 	Title: Director, Banking Products Services, US
	 	 	 
	 	By:	/s/ Jennifer Anderson
	 	 	Name: Jennifer Anderson
	 	 	Title: Associate Director, Banking Product Services, US

 

Credit
Agreement

 

    	 

    	 

    

 

SCHEDULE A

 

LOAN SCHEDULE

 

	1.	Borrowing Date:	 	 	September
                           29, 2014 
	 
	 	 	 	 	 	 
	2.	Principal Amount of Loan:	 	$	275,000,000	 
	 	 			 	 
	3.	Maturity Date:	 	 	September 19, 2017	 
	 	 	 	 	 	 
	

        4.
	Fixed Rate
	 	 	4.60
	%

 

    	Schedule A- 1

    	 

    

 

EXHIBIT A 

 

ASSIGNMENT AND ASSUMPTION

 

This Assignment and Assumption (the "Assignment
and Assumption") is dated as of the Effective Date set forth below and is entered into by and between [Insert name
of Assignor] (the "Assignor") and [Insert name of Assignee] (the "Assignee"). Capitalized
terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, supplemented
or otherwise modified from time to time, the "Credit Agreement"), receipt of a copy of which is hereby acknowledged
by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein
by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 

For an agreed consideration, the Assignor
hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor,
subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted
by the Administrative Agent as contemplated below (i) all of the Assignor's rights and obligations in its capacity as a Lender
under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount
and percentage interest identified below of all of such outstanding rights and obligations of the Assignor and (ii) to the
extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in
its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement,
any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on
or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other
claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and
obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the "Assigned
Interest"). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment
and Assumption, without representation or warranty by the Assignor.

 

	1.	Assignor:	______________________________
	 	 	 
	2.	Assignee:	______________________________
	 	 	[and is an Affiliate/Approved Fund of [identify Lender]2]
	 	 	 
	3.	Borrower:	NORTHSTAR REALTY FINANCE CORP.
	 	 	 
	4.	Administrative Agent:	UBS AG, STAMFORD BRANCH, as the administrative agent under the Credit Agreement
	 	 	 
	5.	Credit Agreement:	 

 

 

 

		2	Select as applicable.

 

    	Exhibit A- 1

    	 

    

  

The Credit Agreement dated as
of [__________ __, 20__] between NORTHSTAR REALTY FINANCE CORP., the Lenders parties thereto, and UBS AG, STAMFORD BRANCH, as Administrative
Agent

 

	6.	Assigned Interest:

 

	Aggregate Amount of

    Loans for all Lenders	 	Amount of Loans Assigned	 	Percentage Assigned of

    Loans3	 
	$	 	$	 		%

 

Effective Date: _____________ ___, 20___

 

[TO BE INSERTED BY ADMINISTRATIVE
AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 

The Assignee agrees to deliver to the Administrative
Agent a completed Administrative Questionnaire in which the Assignee designates one or more Credit Contacts to whom all syndicate-level
information (which may contain material non-public information about the Borrower and its Related Parties or their respective securities)
will be made available and who may receive such information in accordance with the Assignee's compliance procedures and applicable
laws, including Federal and state securities laws.

 

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

 

	 	ASSIGNOR
	 	 
	 	[NAME OF ASSIGNOR]
	 	 	 
	 	By:	 
	 	 	 Title:
	 	 	 
	 	ASSIGNEE
	 	 
	 	[NAME OF ASSIGNEE]
	 	 	 
	 	By:	 
	 	 	 Title:

 

 

 

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

 

    	Exhibit A- 2

    	 

    

  

Consented to and Accepted:

 

UBS AG, STAMFORD BRANCH, as

Administrative Agent

 

	By	 	 
	 	Title:	 

 

[Consented to:

 

NORTHSTAR REALTY FINANCE CORP.

 

	By	 	 
	 	Title:]4	 

 

 

 

		4	To be added only if the consent of the Borrower is required
by the terms of the Credit Agreement.

 

    	Exhibit A- 3

    	 

    

 

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

 

		1.	Representations and Warranties.

 

		1.1	Assignor.  The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse
claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement, (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement or any collateral thereunder, (iii) the financial condition of the Borrower,
any of its Subsidiaries or Affiliates or any other Person obligated in respect of the Credit Agreement or (iv) the performance
or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations
under the Credit Agreement.

 

		1.2.	Assignee.  The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any,
specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become
a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder
and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of
the Credit Agreement, together with copies of the most recent financial statements delivered pursuant thereto, and such other documents
and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption
and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance
on the Administrative Agent or any other Lender, and (v) attached to the Assignment and Assumption is any documentation required
to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees
that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement, and (ii) it will perform in accordance with their terms all of the obligations which
by the terms of the Credit Agreement are required to be performed by it as a Lender.

 

		2.	Payments.  From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor
for amounts which have accrued to but excluding

 

    	Exhibit A- 4

    	 

    

  

the Effective Date and to the
Assignee for amounts which have accrued from and after the Effective Date.

 

		3.	General Provisions. This Assignment and Assumption shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any
number of counterparts, which together shall constitute one instrument. Acceptance and adoption of the terms of this Assignment
and Assumption by the Assignee and the Assignor by Electronic Signature or delivery of an executed counterpart of a signature page
of this Assignment and Assumption by any Electronic System shall be effective as delivery of a manually executed counterpart of
this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law
of the State of New York.

 

    	Exhibit A- 5

    	 

    

 

EXHIBIT B

 

FORM OF 

NON-BANK CERTIFICATE

 

Reference is hereby made
to the Credit Agreement, dated as of [_____], among NorthStar Realty Finance Corp., a Maryland corporation (the "Borrower"),
the lenders from time to time party thereto, (the "Lenders") and UBS AG, Stamford Branch, as Administrative Agent
(together with any successor Administrative Agent, the "Administrative Agent"), (as amended, restated, modified
and/or supplemented from time to time, the "Credit Agreement"). Capitalized terms used herein that are not defined
herein shall have the meanings ascribed to them in the Credit Agreement. Pursuant to the provisions of Section 2.13(f)
of the Credit Agreement, the undersigned hereby certifies that:

 

1.          The
undersigned (a) if it is not treated as a partnership for U.S. federal income tax purposes, is the sole record and beneficial owner
of the obligations hereunder and under any Loan or if the undersigned is a Participant, the participation (the "Obligations")
in respect of which it is supplying this certificate, and (b) if it is treated as a partnership for U.S. federal income tax purposes,
it is the sole record owner of the Obligations in respect of which it is supplying this certificate, and its partners/members are
the sole beneficial owners of such Obligations. If the undersigned is a partnership for U.S. federal income tax purposes, references
to "the undersigned" in the following paragraphs shall be deemed to apply instead to each of the undersigned's partners/members,
except for paragraph 2 in which case "the undersigned" shall refer to both the partnership and each of its partners/members.

 

2.          It
is not a "bank" as such term is used in Section 881(c)(3)(A) of the Code.

 

3.          It
is not a "10 percent shareholder," within the meaning of Section 881(c)(3)(B) of the Code, of the Borrower.

 

4.          It
is not a "controlled foreign corporation" related to the Borrower within the meaning of Section 881(c)(3)(C) of
the Code.

 

	 	[NAME OF LENDER OR ADMINISTRATIVE AGENT]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Date: _______________, _____

 

    	Exhibit B- 1EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 $880,000,000

 CREDIT AGREEMENT 
 dated as
of September 23, 2014 
 among 

VISANT CORPORATION, 
 as Borrower,

 VISANT SECONDARY HOLDINGS CORP., 

as Holdings, 
 The Several Lenders

 from Time to Time Parties Hereto, 

CREDIT SUISSE AG, 
 as
Administrative Agent and Collateral Agent, 
  

 
 CREDIT SUISSE
SECURITIES (USA) LLC, 
 BARCLAYS BANK PLC 

DEUTSCHE BANK SECURITIES INC. 

GOLDMAN SACHS BANK USA 
 KKR CAPITAL
MARKETS LLC 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AND 

MIZUHO BANK, LTD. 
 as Joint Lead
Arrangers and Joint Bookrunners, 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
			
	 Section 1.
	 	 Definitions
	  	 	2	  
			
	 1.1
	 	 Defined Terms
	  	 	2	  
	 1.2
	 	 Other Interpretive Provisions
	  	 	68	  
	 1.3
	 	 Accounting Terms
	  	 	69	  
	 1.4
	 	 Rounding
	  	 	69	  
	 1.5
	 	 References to Agreements Laws, Etc.
	  	 	69	  
	 1.6
	 	 Exchange Rates
	  	 	69	  
	 1.7
	 	 Rates
	  	 	70	  
	 1.8
	 	 Times of Day
	  	 	70	  
	 1.9
	 	 Timing of Payment or Performance
	  	 	70	  
	 1.10
	 	 Certifications
	  	 	70	  
	 1.11
	 	 Compliance with Certain Sections
	  	 	70	  
	 1.12
	 	 Pro Forma and Other Calculations
	  	 	70	  
			
	 Section 2.
	 	 Amount and Terms of Credit
	  	 	72	  
			
	 2.1
	 	 Commitments
	  	 	72	  
	 2.2
	 	 Minimum Amount of Each Borrowing; Maximum Number of Borrowings
	  	 	73	  
	 2.3
	 	 Notice of Borrowing
	  	 	73	  
	 2.4
	 	 Disbursement of Funds
	  	 	74	  
	 2.5
	 	 Repayment of Loans; Evidence of Debt
	  	 	75	  
	 2.6
	 	 Conversions and Continuations
	  	 	77	  
	 2.7
	 	 Pro Rata Borrowings
	  	 	77	  
	 2.8
	 	 Interest
	  	 	78	  
	 2.9
	 	 Interest Periods
	  	 	78	  
	 2.10
	 	 Increased Costs, Illegality, Etc.
	  	 	79	  
	 2.11
	 	 Compensation
	  	 	81	  
	 2.12
	 	 Change of Lending Office
	  	 	81	  
	 2.13
	 	 Notice of Certain Costs
	  	 	82	  
	 2.14
	 	 Incremental Facilities
	  	 	82	  
	 2.15
	 	 Permitted Debt Exchanges
	  	 	89	  
	 2.16
	 	 Defaulting Lenders
	  	 	90	  
			
	 Section 3.
	 	 Letters of Credit
	  	 	92	  
			
	 3.1
	 	 Letters of Credit
	  	 	92	  
	 3.2
	 	 Letter of Credit Requests
	  	 	94	  
	 3.3
	 	 Letter of Credit Participations
	  	 	95	  
	 3.4
	 	 Agreement to Repay Letter of Credit Drawings
	  	 	97	  
	 3.5
	 	 Increased Costs
	  	 	99	  
	 3.6
	 	 New or Successor Letter of Credit Issuer
	  	 	99	  
	 3.7
	 	 Role of Letter of Credit Issuer
	  	 	100	  
	 3.8
	 	 Cash Collateral
	  	 	101	  
	 3.9
	 	 Applicability of ISP and UCP
	  	 	102	  
	 3.10
	 	 Conflict with Issuer Documents
	  	 	102	  
	 3.11
	 	 Letters of Credit Issued for Restricted Subsidiaries
	  	 	102	  
	 3.12
	 	 Provisions Related to Extended Revolving Credit Commitments
	  	 	102	  

  
 i 

							
	 	 	 	  	Page	 
			
	 Section 4.
	 	 Fees
	  	 	103	  
			
	 4.1
	 	 Fees
	  	 	103	  
	 4.2
	 	 Voluntary Reduction of Revolving Credit Commitments
	  	 	104	  
	 4.3
	 	 Mandatory Termination of Commitments
	  	 	104	  
			
	 Section 5.
	 	 Payments
	  	 	105	  
			
	 5.1
	 	 Voluntary Prepayments
	  	 	105	  
	 5.2
	 	 Mandatory Prepayments
	  	 	105	  
	 5.3
	 	 Method and Place of Payment
	  	 	108	  
	 5.4
	 	 Net Payments
	  	 	109	  
	 5.5
	 	 Computations of Interest and Fees
	  	 	113	  
	 5.6
	 	 Limit on Rate of Interest
	  	 	113	  
			
	 Section 6.
	 	 Conditions Precedent to Initial Borrowing
	  	 	114	  
			
	 6.1
	 	 Credit Documents
	  	 	114	  
	 6.2
	 	 Collateral
	  	 	114	  
	 6.3
	 	 Legal Opinions
	  	 	115	  
	 6.4
	 	 Insurance
	  	 	115	  
	 6.5
	 	 Closing Certificates
	  	 	115	  
	 6.6
	 	 Authorization of Proceedings of Each Credit Party; Corporate Documents
	  	 	115	  
	 6.7
	 	 Fees
	  	 	115	  
	 6.8
	 	 Representations and Warranties
	  	 	116	  
	 6.9
	 	 Solvency Certificate
	  	 	116	  
	 6.10
	 	 The Arcade Transactions
	  	 	116	  
	 6.11
	 	 Patriot Act
	  	 	116	  
	 6.12
	 	 Pro Forma Balance Sheet
	  	 	116	  
	 6.13
	 	 Financial Statements
	  	 	116	  
	 6.14
	 	 No Material Adverse Effect
	  	 	116	  
	 6.15
	 	 Refinancing
	  	 	116	  
	 6.16
	 	 Notice of Term Loan Borrowing
	  	 	117	  
	 6.17
	 	 Other Documents
	  	 	117	  
			
	 Section 7.
	 	 Conditions Precedent to All Credit Events after the Closing Date
	  	 	117	  
			
	 7.1
	 	 No Default; Representations and Warranties
	  	 	117	  
	 7.2
	 	 Notice of Borrowing; Letter of Credit Request
	  	 	117	  
			
	 Section 8.
	 	 Representations and Warranties
	  	 	117	  
			
	 8.1
	 	 Corporate Status
	  	 	118	  
	 8.2
	 	 Corporate Power and Authority
	  	 	118	  
	 8.3
	 	 No Violation
	  	 	118	  
	 8.4
	 	 Litigation
	  	 	118	  
	 8.5
	 	 Margin Regulations
	  	 	118	  
	 8.6
	 	 Governmental Approvals
	  	 	119	  

  
 ii 

							
	 	 	 	  	Page	 
			
	 8.7
	 	 Investment Company Act
	  	 	119	  
	 8.8
	 	 True and Complete Disclosure
	  	 	119	  
	 8.9
	 	 Financial Condition; Financial Statements
	  	 	119	  
	 8.10
	 	 Compliance with Laws; No Default
	  	 	120	  
	 8.11
	 	 Tax Matters
	  	 	120	  
	 8.12
	 	 Compliance with ERISA
	  	 	120	  
	 8.13
	 	 Subsidiaries
	  	 	120	  
	 8.14
	 	 Intellectual Property
	  	 	120	  
	 8.15
	 	 Environmental Laws
	  	 	120	  
	 8.16
	 	 Properties
	  	 	121	  
	 8.17
	 	 Solvency
	  	 	121	  
	 8.18
	 	 Patriot Act
	  	 	121	  
			
	 Section 9.
	 	 Affirmative Covenants
	  	 	121	  
			
	 9.1
	 	 Information Covenants
	  	 	121	  
	 9.2
	 	 Books, Records, and Inspections
	  	 	124	  
	 9.3
	 	 Maintenance of Insurance
	  	 	125	  
	 9.4
	 	 Payment of Taxes
	  	 	125	  
	 9.5
	 	 Preservation of Existence; Consolidated Corporate Franchises
	  	 	126	  
	 9.6
	 	 Compliance with Statutes, Regulations, Etc.
	  	 	126	  
	 9.7
	 	 ERISA
	  	 	126	  
	 9.8
	 	 Maintenance of Properties
	  	 	126	  
	 9.9
	 	 Transactions with Affiliates
	  	 	127	  
	 9.10
	 	 End of Fiscal Years
	  	 	128	  
	 9.11
	 	 Additional Guarantors and Grantors
	  	 	128	  
	 9.12
	 	 Pledge of Additional Stock and Evidence of Indebtedness
	  	 	128	  
	 9.13
	 	 Use of Proceeds
	  	 	129	  
	 9.14
	 	 Further Assurances
	  	 	129	  
	 9.15
	 	 Maintenance of Ratings
	  	 	130	  
	 9.16
	 	 Lines of Business
	  	 	130	  
			
	 Section 10.
	 	 Negative Covenants
	  	 	130	  
			
	 10.1
	 	 Limitation on Indebtedness
	  	 	130	  
	 10.2
	 	 Limitation on Liens
	  	 	136	  
	 10.3
	 	 Limitation on Fundamental Changes
	  	 	137	  
	 10.4
	 	 Limitation on Sale of Assets
	  	 	138	  
	 10.5
	 	 Limitation on Restricted Payments
	  	 	140	  
	 10.6
	 	 Limitation on Subsidiary Distributions
	  	 	147	  
	 10.7
	 	 Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio
	  	 	149	  
			
	 Section 11.
	 	 Events of Default
	  	 	149	  
			
	 11.1
	 	 Payments
	  	 	149	  
	 11.2
	 	 Representations, Etc.
	  	 	149	  
	 11.3
	 	 Covenants
	  	 	150	  
	 11.4
	 	 Default Under Other Agreements
	  	 	150	  
	 11.5
	 	 Bankruptcy, Etc.
	  	 	151	  
	 11.6
	 	 ERISA
	  	 	151	  

  
 iii 

							
	 	 	 	  	Page	 
			
	 11.7
	 	 Guarantee
	  	 	151	  
	 11.8
	 	 Pledge Agreement
	  	 	151	  
	 11.9
	 	 Security Agreement
	  	 	151	  
	 11.10
	 	 Judgments
	  	 	152	  
	 11.11
	 	 Change of Control
	  	 	152	  
	 11.12
	 	 Remedies Upon Event of Default
	  	 	152	  
	 11.13
	 	 Application of Proceeds
	  	 	153	  
	 11.14
	 	 Equity Cure
	  	 	153	  
			
	 Section 12.
	 	 The Agents
	  	 	154	  
			
	 12.1
	 	 Appointment
	  	 	154	  
	 12.2
	 	 Delegation of Duties
	  	 	155	  
	 12.3
	 	 Exculpatory Provisions
	  	 	155	  
	 12.4
	 	 Reliance by Agents
	  	 	155	  
	 12.5
	 	 Notice of Default
	  	 	156	  
	 12.6
	 	 Non-Reliance on Administrative Agent, Collateral Agent, and Other Lenders
	  	 	156	  
	 12.7
	 	 Indemnification
	  	 	157	  
	 12.8
	 	 Agents in Their Individual Capacities
	  	 	157	  
	 12.9
	 	 Successor Agents
	  	 	158	  
	 12.10
	 	 Withholding Tax
	  	 	159	  
	 12.11
	 	 Agents Under Security Documents and Guarantee
	  	 	159	  
	 12.12
	 	 Right to Realize on Collateral and Enforce Guarantee
	  	 	160	  
	 12.13
	 	 Intercreditor Agreement Governs
	  	 	161	  
			
	 Section 13.
	 	 Miscellaneous
	  	 	161	  
			
	 13.1
	 	 Amendments, Waivers, and Releases
	  	 	161	  
	 13.2
	 	 Notices
	  	 	165	  
	 13.3
	 	 No Waiver; Cumulative Remedies
	  	 	165	  
	 13.4
	 	 Survival of Representations and Warranties
	  	 	165	  
	 13.5
	 	 Payment of Expenses; Indemnification
	  	 	166	  
	 13.6
	 	 Successors and Assigns; Participations and Assignments
	  	 	167	  
	 13.7
	 	 Replacements of Lenders Under Certain Circumstances
	  	 	173	  
	 13.8
	 	 Adjustments; Set-off
	  	 	174	  
	 13.9
	 	 Counterparts
	  	 	174	  
	 13.10
	 	 Severability
	  	 	174	  
	 13.11
	 	 Integration
	  	 	175	  
	 13.12
	 	 GOVERNING LAW
	  	 	175	  
	 13.13
	 	 Submission to Jurisdiction; Waivers
	  	 	175	  
	 13.14
	 	 Acknowledgments
	  	 	175	  
	 13.15
	 	 WAIVERS OF JURY TRIAL
	  	 	176	  
	 13.16
	 	 Confidentiality
	  	 	176	  
	 13.17
	 	 Direct Website Communications
	  	 	178	  
	 13.18
	 	 USA PATRIOT Act
	  	 	179	  
	 13.19
	 	 [Reserved]
	  	 	179	  
	 13.20
	 	 Payments Set Aside
	  	 	179	  
	 13.21
	 	 No Fiduciary Duty
	  	 	180	  

  
 iv 

					
	 	 	 	  	Page
		
	SCHEDULES	  	
			
	Schedule 1.1(a)	 	Mortgaged Properties	  	
	Schedule 1.1(b)	 	Commitments of Lenders	  	
	Schedule 1.1(d)	 	Existing Letters of Credit	  	
	Schedule 8.13	 	Subsidiaries	  	
	Schedule 8.15	 	Environmental	  	
	Schedule 8.16(b)	 	Property	  	
	Schedule 9.14	 	Post-Closing Actions	  	
	Schedule 10.1	 	Closing Date Indebtedness	  	
	Schedule 10.2	 	Closing Date Liens	  	
	Schedule 10.5	 	Closing Date Investments	  	
	Schedule 13.2	 	Notice Addresses	  	
		
	EXHIBITS	  	
			
	Exhibit A	 	Form of Joinder Agreement	  	
	Exhibit B	 	Form of Guarantee	  	
	Exhibit C	 	Form of Pledge Agreement	  	
	Exhibit D	 	Form of Security Agreement	  	
	Exhibit E	 	Form of Credit Party Closing Certificate	  	
	Exhibit F	 	Form of Assignment and Acceptance	  	
	Exhibit G-1	 	Form of Promissory Note (Initial Term Loans)	  	
	Exhibit G-2	 	Form of Promissory Note (Revolving Credit Loans)	  	
	Exhibit H	 	Form of First Lien Intercreditor Agreement	  	
	Exhibit I	 	Form of Junior Lien Intercreditor Agreement	  	
	Exhibit J-1	 	 Form of Non-Bank Tax Certificate
 (For Non-U.S.
Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	  	
	Exhibit J-2	 	 Form of Non-Bank Tax Certificate
 (For Non-U.S.
Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)
	  	
	Exhibit J-3	 	 Form of Non-Bank Tax Certificate
 (For Non-U.S.
Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	  	
	Exhibit J-4	 	 Form of Non-Bank Tax Certificate
 (For Non-U.S.
Participants That Are Partnerships For U.S. Federal Income Tax Purposes)
	  	
	Exhibit K	 	Form of Notice of Borrowing or Continuation or Conversion	  	
	Exhibit L	 	Form of Letter of Credit Request	  	
	Exhibit M	 	Form of Hedge Bank Designation	  	
	Exhibit N	 	Form of Scotiabank Intercreditor Agreement	  	
	Exhibit O	 	Form of Perfection Certificate	  	

  
 v 

 CREDIT AGREEMENT 

CREDIT AGREEMENT, dated as of September 23, 2014, among VISANT CORPORATION, a Delaware corporation (the “Borrower”),
VISANT SECONDARY HOLDINGS CORP., a Delaware corporation (“Holdings”), the lending institutions from time to time parties hereto (each a “Lender” and, collectively, the “Lenders”) and CREDIT SUISSE
AG, as Administrative Agent and Collateral Agent. 
 WHEREAS, the Borrower is party to that certain Credit Agreement, dated as of
September 22, 2010 (as amended, amended and restated, or otherwise modified from time to time, the “Existing Credit Facilities”), among the Borrower, Jostens Canada Ltd. (“Jostens”), Holdings, the lending
institutions from time to time party thereto, the Administrative Agent and Credit Suisse AG, Toronto Branch, extending credit in the form of (a) term loans made available to the Borrower, in an initial aggregate principal amount of
$1,250,000,000, (b) revolving credit loans made available to the Borrower, in an aggregate principal amount of up to $165,000,000, and (c) Canadian revolving credit loans made available to the Borrower and Jostens, in an aggregate
principal amount of up to $10,000,000, which Existing Credit Facilities the Borrower desires to repay and refinance through the Refinancing Transactions (as defined below); 

WHEREAS, pursuant to that certain Omnibus Transaction Agreement, dated July 25, 2014 (the “Arcade OTA” and together with
any other documents related to the transactions contemplated thereby, the “Arcade Documents”), among OCM Luxembourg Ileos Holdings S.à r.l. (“Ileos”), the Borrower and Tripolis Holdings S.à r.l.,
whereby, among other things, the Borrower will receive approximately $325,000,000 and agree to distribute, sell or otherwise transfer its ownership interest in certain subsidiaries and combine such subsidiaries with certain subsidiaries of Ileos
(such contemplated transactions collectively, the “Arcade Transactions” and together with the Refinancing Transactions, the “Transactions”); 

WHEREAS, the Borrower may tender for, exchange, defease, discharge or otherwise repay certain of the 10% senior unsecured notes due 2017
issued by the Borrower (the “Senior Unsecured Notes”) in connection with the issuance, exchange or placement of certain Senior Second Lien Notes and Senior Third Lien Notes (the “Senior Unsecured Notes Exchange”).

 WHEREAS, in connection with the foregoing Transactions, the Borrower has requested (i) that the Lenders extend credit in the form of
(a) Initial Term Loans to the Borrower on the Closing Date, in an aggregate principal amount of $775,000,000 and (b) Revolving Credit Loans made available to the Borrower at any time and from time to time prior to the Revolving Credit
Maturity Date in an aggregate principal amount at any time outstanding not in excess of $105,000,000 less the sum of the aggregate Letters of Credit Outstanding at such time, (ii) that the Letter of Credit Issuers (a) issue Letters of
Credit at any time and from time to time prior to the L/C Facility Maturity Date, in an aggregate Stated Amount at any time outstanding not in excess of $40,000,000, and (b) deem the letters of credit identified on Schedule 1.1(d) hereto
to be Letters of Credit for all purposes under this Agreement; 
 WHEREAS, the proceeds of the Initial Term Loans will be used, together
with (i) certain net proceeds of the Arcade Transactions and (ii) certain cash on hand, to effect the Refinancing Transactions and to pay Transaction Expenses; and 

WHEREAS, the Lenders and Letter of Credit Issuers are willing to make available to the Borrower such term loan and revolving credit and letter
of credit facilities upon the terms and subject to the conditions set forth herein; 

 NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained
herein, the parties hereto hereby agree as follows: 
  

	Section 1.	Definitions 

 1.1 Defined Terms. As used herein, the following terms shall have
the meanings specified in this Section 1.1 unless the context otherwise requires (it being understood that defined terms in this Agreement shall include in the singular number the plural and in the plural the singular): 

“ABR” shall mean for any day a fluctuating rate per annum equal to the highest of (i) the Federal Funds Effective Rate
plus 1/2 of 1%, (ii) the rate of interest in effect for such day as determined from time to time by the Administrative Agent as its “prime rate” at its principal office in New York City, and (iii) the rate per annum
determined in the manner set forth in clause (ii) of the definition of LIBOR Rate plus 1%; provided that, notwithstanding the foregoing, in no event shall the ABR applicable to the Initial Term Loans at any time be less than
2.00% per annum. Any change in the ABR due to a change in such rate determined by the Administrative Agent or in the Federal Funds Effective Rate or LIBOR Rate shall take effect at the opening of business on the day of such change. 

“ABR Loan” shall mean each Loan bearing interest based on the ABR. 

“Acquired EBITDA” shall mean, with respect to any Acquired Entity or Business or any Converted Restricted Subsidiary (any of
the foregoing, a “Pro Forma Entity”) for any period, the amount for such period of Consolidated EBITDA of such Pro Forma Entity (determined using such definitions as if references to Borrower and the Restricted Subsidiaries therein
were to such Pro Forma Entity and its Restricted Subsidiaries), all as determined on a consolidated basis for such Pro Forma Entity in accordance with GAAP. 

“Acquired Entity or Business” shall have the meaning provided in the definition of the term Consolidated EBITDA. 

“Acquired Indebtedness” shall mean, with respect to any specified Person, (i) Indebtedness of any other Person existing
at the time such other Person is merged, consolidated, or amalgamated with or into or became a Restricted Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, such other Person merging,
consolidating, or amalgamating with or into or becoming a Restricted Subsidiary of such specified Person, and (ii) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Additional Revolving Credit Commitment” shall have the meaning provided in Section 2.14(a). 

“Additional Revolving Credit Loan” shall have the meaning provided in Section 2.14(b). 

“Additional Revolving Loan Lender” shall have the meaning provided in Section 2.14(b). 

“Adjusted Total Initial Term Loan Commitment” shall mean at any time the Total Initial Term Loan Commitment less the Initial
Term Loan Commitments of all Defaulting Lenders. 
 “Adjusted Total Revolving Credit Commitment” shall mean at any time the
Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders. 

  
 2 

 “Adjusted Total Term Loan Commitment” shall mean at any time the Total Term Loan
Commitment less the Term Loan Commitments of all Defaulting Lenders. 
 “Administrative Agent” shall mean Credit Suisse AG,
as the administrative agent for the Lenders under this Agreement and the other Credit Documents, or any successor administrative agent pursuant to Section 12.9. 

“Administrative Agent’s Office” shall mean the Administrative Agent’s address and, as appropriate, account as set
forth on Schedule 13.2 or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 

“Administrative Questionnaire” shall have the meaning provided in Section 13.6(b)(ii)(D). 

“Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or
under direct or indirect common control with such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such other
Person, whether through the ownership of voting securities, by contract or otherwise. 
 “Affiliated Institutional Lender”
shall mean (i) any Affiliate of any Sponsor that is either a bona fide debt fund or such Affiliate extends credit or buys loans in the ordinary course of business, (ii) KKR Corporate Lending LLC and (iii) MCS Corporate Lending LLC.

 “Affiliated Lender” shall mean a Lender that is a Sponsor or any Affiliate thereof (other than Holdings, the Borrower,
any Subsidiary or any Affiliated Institutional Lender). 
 “Agent Parties” shall have the meaning provided in
Section 13.17(b). 
 “Agents” shall mean the Administrative Agent, the Collateral Agent and the Joint Lead
Arrangers and Joint Bookrunners. 
 “Agreement” shall mean this Credit Agreement. 

“Applicable Margin” shall mean a percentage per annum equal to: 

(i) (a) for LIBOR Loans that are Initial Term Loans, 6.00% and (b) for ABR Loans that are Initial Term Loans, 5.00%
(each of clauses (a) or (b), as applicable the “Term Loan Margin”), and 
 (ii)
(a) until delivery of financial statements and a related Compliance Certificate for the first full fiscal quarter commencing on or after the Closing Date pursuant to Section 9.1, (1) for LIBOR Loans that are Revolving Credit Loans,
6.00% (2) for ABR Loans that are Revolving Credit Loans, 5.00%, and (3) for Letter of Credit Fees, 6.00% per annum and 

(b) thereafter, in connection with Revolving Credit Loans, the percentages per annum set forth in the table below, based upon
the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 9.1: 

 

															
	Pricing
Level	 	Consolidated First
Lien Secured Debt to
Consolidated
EBITDA Ratio	 	Letter of
Credit Fees	 	 	ABR Rate Revolving
Credit Loans	 	 	LIBOR Rate Revolving
Credit Loans	 
	I	 	> 3.00x	 	 	6.00	% 	 	 	5.00	% 	 	 	6.00	% 
	II	 	£ 3.00x but > 2.75x	 	 	5.75	% 	 	 	4.75	% 	 	 	5.75	% 
	III	 	£ 2.75x	 	 	5.50	% 	 	 	4.50	% 	 	 	5.50	% 

  
 3 

 Any increase or decrease in the Applicable Margin for Revolving Credit Loans resulting from a
change in the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 9.1(d). 

Notwithstanding the foregoing, (a) the Applicable Margin in respect of any Class of Extended Revolving Credit Commitments or any Extended
Term Loans or Revolving Credit Loans made pursuant to any Extended Revolving Credit Commitments shall be the applicable percentages per annum set forth in the relevant Extension Amendment, (b) the Applicable Margin in respect of any Class of
Additional Revolving Credit Commitments, any Class of Incremental Term Loans, or any Class of Loans in respect of Additional Revolving Credit Commitments shall be the applicable percentages per annum set forth in the relevant Incremental Amendment,
(c) the Applicable Margin in respect of any Class of Replacement Term Loans shall be the applicable percentages per annum set forth in the relevant agreement, (d) the Applicable Margin in respect of any Class of Refinancing Revolving
Credit Commitments shall be the applicable percentages per annum set forth in the relevant agreement, and (e) in the case of the Term Loans and any Class of Incremental Term Loans, the Applicable Margin shall be increased as, and to the extent,
necessary to comply with the provisions of Section 2.14. 
 Notwithstanding anything to the contrary contained above in this
definition or elsewhere in this Agreement, if it is subsequently determined that the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio set forth in any Compliance Certificate delivered to the Administrative Agent is inaccurate for
any reason and the result thereof is that the Lenders received interest or fees for any period based on an Applicable Margin that is less than that which would have been applicable had the Consolidated First Lien Secured Debt to Consolidated EBITDA
Ratio been accurately determined, then, for all purposes of this Agreement, the Applicable Margin for any day occurring within the period covered by such Compliance Certificate shall retroactively be deemed to be the relevant percentage as based
upon the accurately determined Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio for such period, and any shortfall in the interest or fees theretofore paid by the Borrower for the relevant period as a result of the miscalculation of
the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio shall be deemed to be (and shall be) due and payable, at the time the interest or fees for such period were required to be paid; provided that notwithstanding the
foregoing, so long as an Event of Default described in Section 11.5 has not occurred with respect to the Borrower, such shortfall shall be due and payable within five Business Days following the written demand thereof by the
Administrative Agent and no Default shall be deemed to have occurred as a result of such non-payment until the expiration of such five Business Day period. In addition, in the case of clause (ii) above, at the option of the Required
Revolving Credit Lenders, at any time during which the Borrower shall have failed to deliver any of the Section 9.1 Financials by the applicable date required under Section 9.1, then the Consolidated First Lien Secured Debt to
Consolidated EBITDA Ratio shall be deemed to be, with respect to clause (ii) above, in Pricing Level I for the purposes of determining the Applicable Margin (but only for so long as such failure continues, after which such ratio and
Pricing Level shall be determined based on the then existing Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio). 

  
 4 

 “Approved Fund” shall mean any Fund that is administered or managed by
(i) a Lender, (ii) an Affiliate of a Lender, or (iii) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 

“Arcade Documents” shall have the meaning provided in the preamble to this Agreement. 

“Arcade OTA” shall have the meaning provided in the preamble to this Agreement. 

“Arcade Transactions” shall have the meaning provided in the preamble to this Agreement. 

“Asset Sale” shall mean: 

(i) the sale, conveyance, transfer, or other disposition, whether in a single transaction or a series of related transactions,
of property or assets (including by way of a Sale Leaseback) (each a “disposition”) of Holdings, the Borrower or any Restricted Subsidiary, or 

(ii) the issuance or sale of Equity Interests of the Borrower or Restricted Subsidiary (other than preferred stock of
Restricted Subsidiaries issued in compliance with Section 10.1), whether in a single transaction or a series of related transactions, in each case, other than: 

(a) any disposition of Cash Equivalents or Investment Grade Securities or obsolete, worn out or surplus property or property
(including leasehold property interests) that is no longer economically practical in its business or commercially desirable to maintain or used or useful equipment in the ordinary course of business or any disposition of inventory, immaterial
assets, or goods (or other assets) in the ordinary course of business; 
 (b) the disposition of all or substantially all of
the assets of the Borrower in a manner permitted pursuant to Section 10.3; 
 (c) the incurrence of Liens that
are permitted to be incurred pursuant to Section 10.2 or the making of any Restricted Payment or Permitted Investment (other than pursuant to clause (i) of the definition thereof) that is permitted to be made, and is made,
pursuant to Section 10.5 (including, for the avoidance of doubt, the Arcade Transactions); 
 (d) any disposition
of assets or issuance or sale of Equity Interests of any Restricted Subsidiary in any transaction or series of transactions with an aggregate Fair Market Value of less than $10,000,000; 

(e) any disposition of property or assets or issuance of securities by (i) a Restricted Subsidiary to the Borrower or
(ii) by the Borrower or a Restricted Subsidiary to another Restricted Subsidiary; 
 (f) to the extent allowable under
Section 1031 of the Code, or any comparable or successor provision, any exchange of like property (excluding any boot thereon) for use in a Similar Business; 

(g) any issuance, sale or pledge of Equity Interests in, or Indebtedness, or other securities of, an Unrestricted Subsidiary;

  
 5 

 (h) foreclosures, condemnation, casualty or any similar action on assets
(including dispositions in connection therewith); 
 (i) sales of accounts receivable, or participations therein, and related
assets in connection with any Receivables Facility; 
 (j) any financing transaction with respect to property built or
acquired by the Borrower or any Restricted Subsidiary after the Closing Date, including Sale Leasebacks and asset securitizations permitted by this Agreement; 

(k) (1) any surrender or waiver of contractual rights or the settlement, release, or surrender of contractual rights or
other litigation claims, (2) the termination or collapse of cost sharing agreements with the Borrower or any Subsidiary and the settlement of any crossing payments in connection therewith, or (3) the settlement, discount, write off,
forgiveness, or cancellation of any Indebtedness owing by any present or former consultants, directors, officers, or employees of the Borrower (or any direct or indirect parent company of the Borrower) or any Subsidiary or any of their successors or
assigns; 
 (l) the disposition or discount of inventory, accounts receivable, or notes receivable in the ordinary course of
business or the conversion of accounts receivable to notes receivable; 
 (m) the licensing or sub-licensing of Intellectual
Property or other general intangibles (whether pursuant to franchise agreements or otherwise) in the ordinary course of business; 

(n) the unwinding of any Hedging Obligations or obligations in respect of Cash Management Services; 

(o) sales, transfers, and other dispositions of Investments in joint ventures to the extent required by, or made pursuant to,
customary buy/sell arrangements between the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(p) the lapse or abandonment of Intellectual Property rights in the ordinary course of business, which in the reasonable
business judgment of the Borrower are not material to the conduct of the business of the Borrower and the Restricted Subsidiaries taken as a whole; 

(q) the issuance of directors’ qualifying shares and shares issued to foreign nationals as required by applicable law;

 (r) dispositions of property to the extent that (1) such property is exchanged for credit against the purchase price
of similar replacement property that is promptly purchased or (2) the proceeds of such Asset Sale are promptly applied to the purchase price of such replacement property (which replacement property is actually promptly purchased); 

(s) leases, assignments, subleases, licenses, or sublicenses, in each case in the ordinary course of business and which do not
materially interfere with the business of the Borrower and the Restricted Subsidiaries, taken as a whole; and 
 (t)
dispositions of non-core assets acquired in connection with any Permitted Acquisition or Investment permitted hereunder. 

  
 6 

 “Asset Sale Prepayment Event” shall mean any Asset Sale (including any Specified
Asset Sale) subject to the Reinvestment Period allowed in Section 10.4; provided, further, that with respect to any Asset Sale Prepayment Event, the Borrower shall not be obligated to make any prepayment otherwise required
by Section 5.2 unless and until the aggregate amount of Net Cash Proceeds from all such Asset Sale Prepayment Events, after giving effect to the reinvestment rights set forth herein, exceeds $15,000,000 (the “Prepayment
Trigger”) in any fiscal year of the Borrower, but then from all such Net Cash Proceeds (excluding amounts below the Prepayment Trigger). 

“Assignment and Acceptance” shall mean (i) an assignment and acceptance substantially in the form of
Exhibit F, or such other form as may be approved by the Administrative Agent and (ii) in the case of any assignment of Term Loans in connection with a Permitted Debt Exchange conducted in accordance with Section 2.15,
such form of assignment (if any) as may be agreed by the Administrative Agent and the Borrower in accordance with Section 2.15(a). 

“Auction Agent” shall mean (i) the Administrative Agent or (ii) any other financial institution or advisor employed
by Holdings, the Borrower or any of its Subsidiaries (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Permitted Debt Exchange pursuant to Section 2.15 or Dutch auction pursuant to
Section 13.6(h); provided that Holdings and the Borrower shall not designate the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative Agent
shall be under no obligation to agree to act as the Auction Agent); provided, further, that none of Holdings, the Borrower or any of its Subsidiaries may act as the Auction Agent. 

“Authorized Officer” shall mean, with respect to any Person, any individual holding the position of chairman of the board (if
an officer), the Chief Executive Officer, the President, the Chief Financial Officer, the Treasurer, the Controller, the Vice President-Finance, a senior vice president, a Director, a Manager, or any other senior officer or agent with authority to
act on behalf of such Person designated as such in writing by the board of directors or other managing authority of such Person. 

“Auto-Extension Letter of Credit” shall have the meaning provided in Section 3.2(d). 

“Available Commitment” shall mean an amount equal to the excess, if any, of (i) the amount of the Total Revolving Credit
Commitment over (ii) the sum of the aggregate principal amount of (a) all Revolving Credit Loans then outstanding and (b) the aggregate Letters of Credit Outstanding at such time. 

“Bankruptcy Code” shall have the meaning provided in Section 11.5. 

“Benefited Lender” shall have the meaning provided in Section 13.8(a). 

“Board” shall mean the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Borrower” shall have the meaning set forth in the preamble to this Agreement. 

“Borrowing” shall mean Loans of the same Class and Type, made, converted, or continued on the same date and, in the case of
LIBOR Loans, as to which a single Interest Period is in effect. 
 “Business Day” shall mean any day excluding Saturday,
Sunday, and any other day on which banking institutions in New York City are authorized by law or other governmental actions to close, and, if such day relates to any interest rate settings as to a LIBOR Loan, any fundings, disbursements,

  
 7 

 
settlements, and payments in respect of any such LIBOR Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such LIBOR Loan, such day shall be a
day on which dealings in deposits in Dollars are conducted by and between banks in the applicable London interbank market. 

“Capital Expenditures” shall mean, for any period, the aggregate of all expenditures (whether paid in cash or accrued as
liabilities and including in all events all amounts expended or capitalized under Capital Leases) by the Borrower and the Restricted Subsidiaries during such period that, in conformity with GAAP, are or are required to be included as additions
during such period to property, plant, or equipment reflected in the consolidated balance sheet of the Borrower and the Restricted Subsidiaries (including capitalized software expenditures, customer acquisition costs and incentive payments,
conversion costs, and contract acquisition costs). 
 “Capital Lease” shall mean, as applied to any Person, any lease of
any property (whether real, personal, or mixed) by that Person as lessee that, in conformity with GAAP, is, or is required to be, accounted for as a capital lease on the balance sheet of that Person; provided that all leases of any Person
that are or would be characterized as operating leases in accordance with GAAP immediately prior to the Closing Date (whether or not such operating leases were in effect on such date) shall continue to be accounted for as operating leases (and not
as Capital Leases) for purposes of this Agreement regardless of any change in GAAP following the date that would otherwise require such leases to be recharacterized as Capital Leases. 

“Capital Stock” shall mean (i) in the case of a corporation, corporate stock, (ii) in the case of an association or
business entity, any and all shares, interests, participations, rights, or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership or limited liability company, partnership or membership interests (whether
general or limited), and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person (it being understood and agreed, for the
avoidance of doubt, that “cash-settled phantom appreciation programs” in connection with employee benefits that do not require a dividend or distribution shall not constitute Capital Stock). 

“Capitalized Lease Obligation” shall mean, at the time any determination thereof is to be made, the amount of the liability
in respect of a Capital Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP; provided that all obligations of any
Person that are or would be characterized as operating lease obligations in accordance with GAAP immediately prior to the Closing Date (whether or not such operating lease obligations were in effect on such date) shall continue to be accounted for
as operating lease obligations (and not as Capitalized Lease Obligations) for purposes of this Agreement regardless of any change in GAAP following the date that would otherwise require such obligations to be recharacterized as Capitalized Lease
Obligations. 
 “Cash Collateral” shall mean cash or deposit account balances or, if the Administrative Agent and the
applicable Letter of Credit Issuer shall agree in their sole discretion, other credit support (including, in each case, the proceeds thereof) provided by or on behalf of the Borrower to Cash Collateralize L/C Obligations or obligations of the
Revolving Credit Lenders to fund participations in respect of the L/C Obligations or provided by a Defaulting Lender to Cash Collateralize its obligations hereunder. 

“Cash Collateralize” shall mean to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or
more of the Letter of Credit Issuers or the Lenders, as collateral for L/C 

  
 8 

 
Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent and the Letter of Credit Issuers
shall agree in their sole discretion, other credit support. 
 “Cash Equivalents” shall mean: 

(i) Dollars, 

(ii) (a) Euro, Pounds Sterling, Canadian Dollars, or any national currency of any Participating Member State in the European
Union or (b) local currencies held from time to time in the ordinary course of business, 
 (iii) securities issued or
directly and fully and unconditionally guaranteed or insured by the United States government or any country that is a member state of the European Union or any agency or instrumentality thereof the securities of which are unconditionally guaranteed
as a full faith and credit obligation of such government with maturities of 24 months or less from the date of acquisition, 

(iv) certificates of deposit, time deposits, and eurodollar time deposits with maturities of one year or less from the date of
acquisition, bankers’ acceptances with maturities not exceeding one year, and overnight bank deposits, in each case with any commercial bank having capital and surplus of not less than $250,000,000 in the case of U.S. banks and $100,000,000 (or
the Dollar Equivalent as of the date of determination) in the case of foreign banks, 
 (v) repurchase obligations for
underlying securities of the types described in clauses (iii), (iv), and (ix) entered into with any financial institution meeting the qualifications specified in clause (iv) above, 

(vi) commercial paper rated at least P-2 by Moody’s or at least A-2 by S&P and in each case maturing within 24 months
after the date of creation thereof, 
 (vii) marketable short-term money market and similar securities having a rating of at
least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized ratings agency) and in each case
maturing within 24 months after the date of creation or acquisition thereof, 
 (viii) readily marketable direct obligations
issued by any state, commonwealth, or territory of the United States or any political subdivision or taxing authority thereof having one of the two highest rating categories obtainable from either Moody’s or S&P with maturities of 24 months
or less from the date of acquisition, 
 (ix) Indebtedness or preferred stock issued by Persons with a rating of
“A” or higher from S&P or “A2” or higher from Moody’s with maturities of 24 months or less from the date of acquisition, 

(x) solely with respect to any Foreign Subsidiary: (a) obligations of the national government of the country in which such
Foreign Subsidiary maintains its chief executive office and principal place of business provided such country is a member of the Organization for Economic Cooperation and Development, in each case maturing within one year after the date of

  
 9 

 
investment therein, (b) certificates of deposit of, bankers acceptances of, or time deposits with, any commercial bank which is organized and existing under the laws of the country in which
such Foreign Subsidiary maintains its chief executive office and principal place of business provided such country is a member of the Organization for Economic Cooperation and Development, and whose short-term commercial paper rating from S&P is
at least “A-2” or the equivalent thereof or from Moody’s is at least “P-2” or the equivalent thereof (any such bank being an “Approved Foreign Bank”), and in each case with maturities of not more than 24
months from the date of acquisition, and (c) the equivalent of demand deposit accounts which are maintained with an Approved Foreign Bank, in each case, customarily used by corporations for cash management purposes in any jurisdiction outside
the United States to the extent reasonably required in connection with any business conducted by such Foreign Subsidiary organized in such jurisdiction, 

(xi) in the case of investments by any Foreign Subsidiary or investments made in a country outside the United States, Cash
Equivalents shall also include investments of the type and maturity described in clauses (i) through (ix) above of foreign obligors, which investments have ratings, described in such clauses or equivalent ratings from comparable
foreign rating agencies, and 
 (xii) investment funds investing 90% of their assets in securities of the types described in
clauses (i) through (ix) above. 
 Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in
currencies other than those set forth in clauses (i) and (ii) above; provided that such amounts are converted into any currency listed in clauses (i) and (ii) as promptly as practicable and in any event
within ten Business Days following the receipt of such amounts. 
 “Cash Management Agreement” shall mean any agreement or
arrangement to provide Cash Management Services. 
 “Cash Management Bank” shall mean (i) any Person that, at the time
it enters into a Cash Management Agreement, is an Agent or a Lender or an Affiliate of an Agent or a Lender or (ii) with respect to any Cash Management Agreement entered into prior to the Closing Date, any Person that is a Lender or an
Affiliate of a Lender on the Closing Date. 
 “Cash Management Services” shall mean any one or more of the following types
of services or facilities: (i) commercial credit cards, merchant card services, purchase or debit cards, including non-card e-payables services, or electronic funds transfer services, (ii) treasury management services (including controlled
disbursement, overdraft automatic clearing house fund transfer services, return items, and interstate depository network services) and (iii) any other demand deposit or operating account relationships or other cash management services,
including pursuant to any Cash Management Agreements. 
 “Casualty Event” shall mean, with respect to any property of any
Person, any loss of or damage to, or any condemnation or other taking by a Governmental Authority of, such property for which such Person or any of its Restricted Subsidiaries receives insurance proceeds or proceeds of a condemnation award in
respect of any equipment, fixed assets, or real property (including any improvements thereon) to replace or repair such equipment, fixed assets, or real property; provided, further, that with respect to any Casualty Event, the Borrower
shall not be obligated to make any prepayment otherwise required by Section 5.2 unless and until the aggregate amount of Net Cash Proceeds from all such Casualty Events, 

  
 10 

 
after giving effect to the reinvestment rights set forth herein, exceeds $15,000,000 (the “Casualty Prepayment Trigger”) in any fiscal year of the Borrower, but then from all
such Net Cash Proceeds (excluding amounts below the Casualty Prepayment Trigger). 
 “CFC” shall mean a Subsidiary of the
Borrower that is a “controlled foreign corporation” within the meaning of Section 957 of the Code. 
 “CFC Holding
Company” shall mean a Domestic Subsidiary of the Borrower substantially all of the assets of which consist of equity or debt of one or more Foreign Subsidiaries that are CFCs. 

“Change in Law” shall mean (i) the adoption of any law, treaty, order, policy, rule, or regulation after the Closing
Date, (ii) any change in any law, treaty, order, policy, rule, or regulation or in the interpretation or application thereof by any Governmental Authority after the Closing Date or (iii) compliance by any Lender with any guideline,
request, directive, or order issued or made after the Closing Date by any central bank or other governmental or quasi-governmental authority (whether or not having the force of law), including, for avoidance of doubt any such adoption, change or
compliance in respect of (a) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines, or directives thereunder or issued in connection therewith and (b) all requests, rules,
guidelines, requirements, or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority), or the United States or foreign regulatory authorities in each case
pursuant to Basel III. 
 “Change of Control” shall mean and be deemed to have occurred if (i) the Permitted Holders
shall at any time not own, in the aggregate, directly or indirectly, beneficially and of record, at least 35% of the voting power of the outstanding Voting Stock of the Borrower; (ii) any Person, entity, or “group” (within the meaning
of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended), other than the Permitted Holders, shall at any time have acquired direct or indirect beneficial ownership of a percentage of the voting power of the outstanding
Voting Stock of the Borrower that exceeds 35% thereof, unless, in case of clause (i) or clause (ii) above, the Permitted Holders have, at such time, the right or the ability by voting power, contract, or otherwise to elect or designate for
election at least a majority of the board of directors of the Borrower; (iii) at any time, a Change of Control (as defined in the Senior Unsecured Notes Indenture or any Senior Secured Notes Indenture) shall have occurred; or (iv) Holdings
shall cease to beneficially own, directly or indirectly, 100% of the issued and outstanding equity interests of the Borrower. 

“Class” (i) when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising
such Borrowing, are Revolving Credit Loans, Additional Revolving Credit Loans, New Revolving Credit Loans, Initial Term Loans, New Term Loans (of each Series), Extended Term Loans (of the same Extension Series), Replacement Term Loans (of the same
series) or Extended Revolving Credit Loans (of the same Extension Series) and (ii) when used in reference to any Commitment, refers to whether such Commitment is a Revolving Credit Commitment, an Additional Revolving Credit Commitment, a New
Revolving Credit Commitment, an Extended Revolving Credit Commitment (of the same Extension Series), an Initial Term Loan Commitment, or a New Term Loan Commitment. 

“Closing Date” shall mean September 23, 2014. 

“Closing Date Refinancing” means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Credit
Facilities and termination and/or release of any security interests and guarantees in connection therewith. 

  
 11 

 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to
time. 
 “Collateral” shall mean all property pledged or mortgaged or purported to be pledged or mortgaged pursuant to the
Security Documents, excluding in all events Excluded Property. 
 “Collateral Agent” shall mean Credit Suisse AG, as
collateral agent under the Security Documents, or any successor collateral agent pursuant to Section 12.9, and any Affiliate or designee of Credit Suisse AG may act as the Collateral Agent under any Credit Document. 

“Commitment Fee” shall have the meaning provided in Section 4.1(a). 

“Commitment Fee Rate” shall mean a rate per annum set forth below opposite the Status in effect on such day: 

 

					
	 Status
	  	Commitment Fee Rate	 
		
	 Level I Status
	  	 	0.50	% 
		
	 Level II Status
	  	 	0.375	% 

 Notwithstanding the foregoing, the term Commitment Fee Rate shall mean 0.50% during the period from and
including the Closing Date to but excluding the Trigger Date. 
 “Commitments” shall mean, with respect to each Lender (to
the extent applicable), such Lender’s Revolving Credit Commitment, New Revolving Credit Commitment, Extended Revolving Credit Commitment, Additional Revolving Credit Commitment, Initial Term Loan Commitment, or New Term Loan Commitment. 

“Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and
any successor statute. 
 “Communications” shall have the meaning provided in Section 13.17(a). 

“Compliance Certificate” shall mean a certificate of a responsible financial or accounting officer of the Borrower delivered
pursuant to Section 9.1(d) for the applicable Test Period. 
 “Confidential Information” shall have the meaning
provided in Section 13.16. 
 “Confidential Information Memorandum” shall mean the Confidential Information
Memorandum of the Borrower dated July, 2014. 
 “Consolidated Depreciation and Amortization Expense” shall mean with
respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, debt issuance costs, commissions, fees, and expenses, capitalized expenditures, customer
acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and incentive payments, conversion costs, and contract acquisition costs of such Person and its Restricted Subsidiaries for
such period on a consolidated basis and otherwise determined in accordance with GAAP. 

  
 12 

 “Consolidated EBITDA” shall mean, with respect to any Person for any period, the
Consolidated Net Income of such Person for such period: 
 (i) increased (without duplication) by: 

(a) provision for taxes based on income or profits or capital, including, without limitation, U.S. federal, state, non-U.S.,
franchise, excise, value added, and similar taxes and foreign withholding taxes of such Person paid or accrued during such period deducted, including any penalties and interest related to such taxes or arising from any tax examinations (and not
added back) in computing Consolidated Net Income, plus 
 (b) Fixed Charges of such Person for such period (including
(1) net losses on Hedging Obligations or other derivative instruments entered into for the purpose of hedging interest rate risk and (2) costs of surety bonds in connection with financing activities, in each case, to the extent included in
Fixed Charges), together with items excluded from the definition of Consolidated Interest Expense and any non-cash interest expense, to the extent the same were deducted (and not added back) in calculating such Consolidated Net Income, plus

 (c) Consolidated Depreciation and Amortization Expense of such Person for such period to the extent the same were deducted
in computing Consolidated Net Income, plus 
 (d) any expenses, fees, charges, or losses (other than depreciation or
amortization expense) related to any Equity Offering, Permitted Investment, Restricted Payment, acquisition, disposition, recapitalization, or the incurrence of Indebtedness permitted to be incurred by this Agreement (including a refinancing
thereof) (whether or not successful and including any such transaction consummated prior to the Closing Date), including (1) such fees, expenses, or charges related to the Loans hereunder and all Transaction Expenses, (2) such fees,
expenses, or charges related to the offering of the Credit Documents and any other credit facilities, and (3) any amendment or other modification of the Senior Secured Notes, the Senior Unsecured Notes, the Loans hereunder, or other
Indebtedness, and, in each case, deducted (and not added back) in computing Consolidated Net Income, plus 
 (e) any
other non-cash charges, including any write offs, write downs, expenses, losses, or items to the extent the same were deducted (and not added back) in computing Consolidated Net Income (provided that if any such non-cash charges represent an
accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be deducted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in
a prior period) but excluding any net non-cash deductions or net pension expense related to a U.S. defined benefit pension plan as determined in accordance with GAAP of such Person, plus 

(f) the amount of any minority interest expense consisting of Subsidiary income attributable to minority equity interests of
third parties in any non-Wholly Owned Subsidiary deducted (and not added back) in such period in calculating Consolidated Net Income, plus 

(g) the amount of management, monitoring, consulting, and advisory fees (including termination fees) and related indemnities
and expenses paid or accrued in such period to the Sponsors, plus 
 (h) costs of surety bonds incurred in such period
in connection with financing activities, plus 

  
 13 

 (i) the amount of reasonably identifiable and factually supportable
“run-rate” cost savings, operating expense reductions, and synergies that are projected by the Borrower in good faith to result from actions either taken or expected to be taken within 24 months of the determination to take such action,
net of the amount of actual benefits realized prior to or during such period from such actions (which cost savings, operating expense reductions, and synergies shall be calculated on a Pro Forma Basis as though such cost savings, operating expense
reductions, or synergies had been realized on the first day of such period), plus 
 (j) the amount of loss or
discount on sale of receivables and related assets to the Receivables Subsidiary in connection with a Receivables Facility, plus 

(k) any costs or expense incurred by the Borrower or a Restricted Subsidiary pursuant to any management equity plan or stock
option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of the Borrower or net
cash proceeds of an issuance of Equity Interests of the Borrower (other than Disqualified Stock) solely to the extent that such net cash proceeds are excluded from the calculation set forth in clause (iii) of Section 10.5(a)
and have not been relied on for purposes of any incurrence of Indebtedness pursuant to clause (l)(i) of Section 10.1, plus 

(l) the amount of expenses relating to payments made to option holders of any direct or indirect parent company of the Borrower
or any of its direct or indirect parent companies in connection with, or as a result of, any distribution being made to shareholders of such Person or its direct or indirect parent companies, which payments are being made to compensate such option
holders as though they were shareholders at the time of, and entitled to share in, such distribution, in each case to the extent permitted under this Agreement, plus 

(m) with respect to any joint venture that is not a Restricted Subsidiary, an amount equal to the proportion of those items
described in clauses (a) and (c) above relating to such joint venture corresponding to the Borrower’s and the Restricted Subsidiaries’ proportionate share of such joint venture’s Consolidated Net Income (determined as if
such joint venture were a Restricted Subsidiary), plus 
 (n) costs associated with, or in anticipation of, or
preparation for, compliance with the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith and Public Company Costs, plus 

(o) cash receipts (or any netting arrangements resulting in reduced cash expenses) not included in Consolidated EBITDA in any
period solely to the extent that the corresponding non-cash gains relating to such receipts were deducted in the calculation of Consolidated EBITDA pursuant to paragraph (2) below for any previous period and not added back, plus 

(p) to the extent not already included in the Consolidated Net Income, (1) any expenses and charges that are reimbursed by
indemnification or other similar provisions in connection with any investment or any sale, conveyance, transfer, or other Asset Sale of assets permitted hereunder and (2) to the extent covered by insurance and actually reimbursed, or, so long
as the Borrower has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is (A) not denied by the applicable carrier in writing within 180
days and (B) in fact reimbursed within 365 days of the date of the determination by the Borrower that there exists such evidence (with a deduction for any amount so added back to the extent not so reimbursed within such 365 days), expenses with
respect to liability or casualty events or business interruption, plus 

  
 14 

 (q) for any Test Period, the aggregate amount of “run-rate”
Consolidated Net Income projected by the Borrower in good faith to be attributable to New Contracts entered into during such Test Period (or following such Test Period but prior to the date for the delivery of the financial statements for such Test
Period pursuant to Section 9.1(a) or (b)) (which amount shall be calculated on a Pro Forma Basis as though the full annual amount of such Consolidated Net Income attributable to such New Contracts had been realized during such
Test Period (without duplication of any amounts attributable to such New Contracts already received in such Test Period)), plus 

(r) charges, expenses and other items described in the Confidential Information Memorandum or the Visant Model. 

(ii) decreased by (without duplication): 

(a) non-cash gains increasing Consolidated Net Income of such Person for such period, excluding (x) any non-cash gains
which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that reduced Consolidated EBITDA in any prior period other than non-cash gains relating to the application of Financial Accounting Standards Codification
Topic 840 — Leases (formerly Financial Accounting Standards Board Statement No. 13) and (y) any net non-cash credits or net pension income related to a U.S. defined benefit pension plan as determined in accordance with GAAP of
such Person; provided that, to the extent non cash gains are deducted pursuant to this clause (ii)(a) for any previous period and not otherwise added back to Consolidated EBITDA, Consolidated EBITDA shall be increased by the
amount of any cash receipts (or any netting arrangements resulting in reduced cash expenses) in respect of such non cash gains received in subsequent periods to the extent not already included therein, plus 

(b) for any Test Period, the aggregate amount of “run-rate” Consolidated Net Income attributable to Terminated
Contracts that have terminated or expired during such Test Period (or following such Test Period but prior to the date for delivery of the financial statements for such Test Period pursuant to Section 9.1(a) or (b)) (which amount
shall be calculated on a Pro Forma Basis so as to eliminate the full annual amount of such Consolidated Net Income attributable to such Terminated Contracts during such Test Period), plus 

(iii) increased or decreased by (without duplication): 

(a) any net gain or loss resulting in such period from currency gains or losses related to Indebtedness, intercompany balances,
and other balance sheet items, plus or minus, as the case may be, and 
 (b) any net gain or loss resulting in such period
from Hedging Obligations, and the application of Financial Accounting Standards Codification Topic 815 — Derivatives and Hedging (ASC 815) (formerly Financing Accounting Standards Board Statement No. 133), and its related
pronouncements and interpretations, or the equivalent accounting standard under GAAP or an alternative basis of accounting applied in lieu of GAAP. 

  
 15 

 For the avoidance of doubt: 

(i) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA for any period any
adjustments resulting from the application of ASC 815 and its related pronouncements and interpretations, or the equivalent accounting standard under GAAP or an alternative basis of accounting applied in lieu of GAAP, 

(ii) there shall be included in determining Consolidated EBITDA for any period, without duplication, (1) the Acquired EBITDA of any
Person or business, or attributable to any property or asset acquired by the Borrower or any Restricted Subsidiary during such period (but not the Acquired EBITDA of any related Person or business or any Acquired EBITDA attributable to any assets or
property, in each case to the extent not so acquired) to the extent not subsequently sold, transferred, abandoned, or otherwise disposed by the Borrower or such Restricted Subsidiary during such period (each such Person, business, property, or asset
acquired and not subsequently so disposed of, an “Acquired Entity or Business”) and the Acquired EBITDA of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each, a “Converted
Restricted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business or Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to such acquisition or conversion) and
(2) an adjustment in respect of each Acquired Entity or Business equal to the amount of the Pro Forma Adjustment with respect to such Acquired Entity or Business for such period (including the portion thereof occurring prior to such
acquisition); and 
 (iii) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA for
any period the Disposed EBITDA of any Person, property, business, or asset sold, transferred, abandoned, or otherwise disposed of, closed or classified as discontinued operations by the Borrower or any Restricted Subsidiary during such period (each
such Person, property, business, or asset so sold or disposed of, a “Sold Entity or Business”), and the Disposed EBITDA of any Restricted Subsidiary that is converted into an Unrestricted Subsidiary during such period (each, a
“Converted Unrestricted Subsidiary”) based on the actual Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period (including the portion thereof occurring prior to such sale, transfer, or
disposition or conversion); provided that for the avoidance of doubt, notwithstanding any classification under GAAP of any Person or business in respect of which a definitive agreement for the disposition thereof has been entered into as
discontinued operations, the Disposed EBITDA of such Person or business shall not be excluded pursuant to this paragraph until such disposition shall have been consummated. 

“Consolidated First Lien Secured Debt” shall mean Consolidated Total Debt as of such date secured by a Lien on the Collateral
on an equal priority basis (but without regard to the control of remedies) with liens on the Collateral securing the Obligations. 

“Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio” shall mean, as of any date of determination, the ratio of
(i) Consolidated First Lien Secured Debt as of such date of determination, minus cash and Cash Equivalents (in each case, free and clear of all Liens other than Permitted Liens) of the Borrower and the Restricted Subsidiaries (other than
the proceeds of any Indebtedness being incurred and giving rise to the need to calculate the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio) to (ii) Consolidated EBITDA of the Borrower for the Test Period then last ended, in
each case with such pro forma adjustments to Consolidated First Lien Secured Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in Section 1.12. 

  
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 “Consolidated Interest Expense” shall mean, with respect to any Person for any
period, the sum, without duplication, of: 
 (i) consolidated cash interest expense of such Person and its Restricted Subsidiaries for such
period, to the extent such expense was deducted (and not added back) in computing Consolidated Net Income (including (a) all commissions, discounts, and other fees and charges owed with respect to letters of credit or bankers acceptances,
(b) capitalized interest to the extent paid in cash, and (c) net payments, if any, pursuant to interest rate Hedging Obligations with respect to Indebtedness, and excluding (1) any one-time cash costs associated with breakage in
respect of hedging agreements for interest rates, (2) all non-recurring cash interest expense consisting of liquidated damages for failure to timely comply with registration rights obligations, all as calculated on a consolidated basis in
accordance with GAAP, (3) any “additional interest” owing pursuant to a registration rights agreement, (4) non-cash interest expense attributable to a parent entity resulting from push-down accounting, but solely to the extent
not reducing consolidated cash interest expense in any prior period, (5) any non-cash expensing of bridge, commitment, and other financing fees that have been previously paid in cash, but solely to the extent not reducing consolidated cash
interest expense in any prior period, and (6) commissions, discounts, yield, and other fees and charges (including any interest expense) related to any Receivables Facility); less 

(ii) cash interest income for such period. 

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 

“Consolidated Net Income” shall mean, with respect to any Person for any period, the aggregate of the Net Income, of such
Person and its Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided that, without duplication, 

(i) any after-tax effect of extraordinary, non-recurring, or unusual gains or losses (less all fees and expenses relating
thereto) or expenses (including relating to the Transactions), severance, relocation costs, curtailments, or modifications to pension and post-retirement employee benefits plans, start-up, transition, integration, and other restructuring and
business optimization costs, charges, reserves, or expenses (including related to acquisitions after the Closing Date and to the start-up, closure, and/or consolidation of facilities), new product introductions, and one-time compensation charges
shall be excluded, 
 (ii) the Net Income for such period shall not include the cumulative effect of a change in accounting
principles and changes as a result of the adoption or modification of accounting policies during such period, 
 (iii) any
net after-tax gains or losses on disposal of disposed, abandoned, transferred, closed, or discontinued operations shall be excluded, 

(iv) any after-tax effect of gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions
or abandonments other than in the ordinary course of business, as determined in good faith by the board of directors of the Borrower, shall be excluded, 

(v) the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is
accounted for by the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the Borrower shall be increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to
the extent converted into cash or Cash Equivalents) to the referent Person or a Restricted Subsidiary thereof in respect of such period, 

  
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 (vi) solely for the purpose of determining the amount available for Restricted
Payments under clause (iii)(A) of Section 10.5 the Net Income for such period of any Restricted Subsidiary (other than any Guarantor) shall be excluded to the extent the declaration or payment of dividends or similar distributions
by that Restricted Subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any
agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions
(a) has been legally waived, or otherwise released, (b) is imposed pursuant to this Agreement and other Credit Documents, the Senior Secured Notes Indenture, the Senior Unsecured Notes Indenture, Permitted Debt Exchange Notes, Incremental
Loans, or Permitted Other Indebtedness, or (c) arises pursuant to an agreement or instrument if the encumbrances and restrictions contained in any such agreement or instrument taken as a whole are not materially less favorable to the Secured
Parties than the encumbrances and restrictions contained in the Credit Documents (as determined by the Borrower in good faith); provided that Consolidated Net Income of the referent Person will be increased by the amount of dividends or other
distributions or other payments actually paid in cash (or to the extent converted into cash) or Cash Equivalents to such Person or a Restricted Subsidiary in respect of such period, to the extent not already included therein, 

(vii) effects of adjustments (including the effects of such adjustments pushed down to the Borrower and the Restricted
Subsidiaries) in any line item in such Person’s consolidated financial statements required or permitted by Financial Accounting Standards Codification Topic 805 – Business Combinations and Topic 350 – Intangibles-Goodwill
and Other (ASC 805 and ASC 350) (formerly Financial Accounting Standards Board Statement Nos. 141 and 142, respectively) resulting from the application of purchase accounting, including in relation to the Transactions and any acquisition that is
consummated after the Closing Date or the amortization or write-off of any amounts thereof, net of taxes, shall be excluded, 

(viii) (a) any after-tax effect of income (loss) from the early extinguishment of Indebtedness or Hedging Obligations or
other derivative instruments (including deferred financing costs written off and premiums paid), (b) any non-cash income (or loss) related to currency gains or losses related to Indebtedness, intercompany balances, and other balance sheet items
and to Hedging Obligations pursuant to ASC 815 (or such successor provision), and (c) any non-cash expense, income, or loss attributable to the movement in mark to market valuation of foreign currencies, Indebtedness, or derivative instruments
pursuant to GAAP, shall be excluded, 
 (ix) any impairment charge, asset write-off, or write-down pursuant to ASC 350 and
Financial Accounting Standards Codification Topic 360 – Impairment and Disposal of Long-Lived Assets (ASC 360) (formerly Financial Accounting Standards Board Statement Nos. 142 and 144, respectively) and the amortization of intangibles
arising pursuant to ASC 805 shall be excluded, 
 (x) (a) any non-cash compensation expense recorded from grants of
stock appreciation or similar rights, phantom equity, stock options units, restricted stock, or other rights to officers, directors, managers, or employees and (b) non-cash income (loss) attributable to deferred compensation plans or trusts,
shall be excluded, 
 (xi) any fees and expenses incurred during such period, or any amortization thereof for such period, in
connection with any acquisition, Investment, recapitalization, Asset Sale, 

  
 18 

 
issuance, or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction or amendment or modification of any debt instrument (in each case, including any such transaction
consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any such transaction shall be excluded, 

(xii) accruals and reserves (including contingent liabilities) that are established or adjusted within twelve months after the
Closing Date that are so required to be established as a result of the Transactions in accordance with GAAP, or changes as a result of adoption or modification of accounting policies, shall be excluded, 

(xiii) to the extent covered by insurance or indemnification and actually reimbursed, or, so long as the Borrower has made a
determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer or indemnifying party and only to the extent that such amount is (a) not denied by the applicable carrier or indemnifying party in
writing within 180 days and (b) in fact reimbursed within 365 days of the date of the determination by the Borrower that there exists such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days),
losses and expenses with respect to liability or casualty events or business interruption shall be excluded, 
 (xiv) any
deferred tax expense associated with tax deductions or net operating losses arising as a result of the Transactions, or the release of any valuation allowance related to such items, shall be excluded, 

(xv) any costs or expenses incurred during such period relating to environmental remediation, litigation, or other disputes in
respect of events and exposures that occurred prior to the Closing Date shall be excluded, and 
 (xvi) Consolidated Net
Income for any Test Period shall be (a) increased by the aggregate amount of “run-rate” Consolidated Net Income projected by the Borrower in good faith to be attributable to New Contracts entered into during such Test Period (or
following such Test Period but prior to the date for the delivery of the financial statements for such Test Period pursuant to Section 9.1(a) or (b)) (which amount shall be calculated on a Pro Forma Basis as though the full annual
amount of such Consolidated Net Income attributable to such New Contracts had been realized during such Test Period (without duplication of any amounts attributable to such New Contracts already received in such Test Period)) and (b) decreased
by the aggregate amount of “run-rate” Consolidated Net Income attributable to Terminated Contracts that have terminated or expired during such Test Period (or following such Test Period but prior to the date for delivery of the financial
statements for such Test Period pursuant to Section 9.1(a) or (b)) (which amount shall be calculated on a Pro Forma Basis so as to eliminate the full annual amount of such Consolidated Net Income attributable to such Terminated
Contracts during such Test Period). 
 “Consolidated Total Assets” shall mean, as of any date of determination, the amount
that would, in conformity with GAAP, be set forth opposite the caption “total assets” (or any like caption) on the most recent consolidated balance sheet of the Borrower and the Restricted Subsidiaries at such date. 

“Consolidated Total Debt” shall mean, as at any date of determination, an amount equal to the sum of the aggregate amount of
all outstanding Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis consisting of Indebtedness for borrowed money, Capitalized Lease 

  
 19 

 
Obligations and debt obligations evidenced by promissory notes and similar instruments (and excluding, for the avoidance of doubt, Hedging Obligations); provided that Consolidated Total
Debt shall not include Letters of Credit, except to the extent of Unpaid Drawings thereunder. 
 “Consolidated Total Debt to
Consolidated EBITDA Ratio” shall mean, as of any date of determination, the ratio of (i) Consolidated Total Debt as of such date of determination, minus cash and Cash Equivalents (in each case, free and clear of all Liens other
than Permitted Liens) of the Borrower and the Restricted Subsidiaries (other than the proceeds of any Indebtedness being incurred and giving rise to the need to calculate the Consolidated Total Debt to Consolidated EBITDA Ratio) to
(ii) Consolidated EBITDA of the Borrower for the Test Period then last ended, in each case with such pro forma adjustments to Consolidated Total Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment
provisions set forth in Section 1.12. 
 “Consolidated Working Capital” shall mean, at any date, the excess of
(i) the sum of all amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the Borrower and
the Restricted Subsidiaries at such date excluding the current portion of current and deferred income taxes over (ii) the sum of all amounts that would, in conformity with GAAP, be set forth opposite the caption “total current
liabilities” (or any like caption) on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries on such date, but excluding, without duplication, (a) the current portion of any Funded Debt, (b) all Indebtedness
consisting of Loans and Letter of Credit Exposure and Capital Leases to the extent otherwise included therein, (c) the current portion of interest, (d) the current portion of current and deferred income taxes, (e) any liabilities that
are not Indebtedness and will not be settled in cash or Cash Equivalents during the next succeeding twelve month period after such date, (f) the effects from applying purchase accounting, (g) any accrued professional liability risks and
(h) restricted marketable securities. 
 “Contingent Obligations” shall mean, with respect to any Person, any
obligation of such Person guaranteeing any leases, dividends, or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance
or supply funds (a) for the purchase or payment of any such primary obligation or (b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, or
(iii) to purchase property, securities, or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof.

 “Contract Consideration” shall have the meaning provided in the definition of Excess Cash Flow. 

“Contractual Requirement” shall have the meaning provided in Section 8.3. 

“Converted Restricted Subsidiary” shall have the meaning provided in the definition of the term Consolidated EBITDA. 

“Converted Unrestricted Subsidiary” shall have the meaning provided in the definition of the term Consolidated EBITDA. 

  
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 “Credit Documents” shall mean this Agreement, each Joinder Agreement, the
Guarantees, the Security Documents, and any promissory notes issued by the Borrower pursuant hereto. 
 “Credit Event”
shall mean and include the making (but not the conversion or continuation) of a Loan and the issuance of a Letter of Credit. 

“Credit Facilities” shall mean, collectively, each category of Commitments and each extension of credit hereunder. 

“Credit Facility” shall mean a category of Commitments and extensions of credit thereunder. 

“Credit Party” shall mean Holdings, the Borrower, and the other Guarantors. 

“Cure Amount” shall have the meaning provided in Section 11.14. 

“Cure Right” shall have the meaning provided in Section 11.14. 

“Debt Incurrence Prepayment Event” shall mean any issuance or incurrence by Holdings, the Borrower or any of the Restricted
Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(w)(i)). 

“Declined Proceeds” shall have the meaning provided in Section 5.2(f). 

“Default” shall mean any event, act, or condition that with notice or lapse of time, or both, would constitute an Event of
Default. 
 “Default Rate” shall have the meaning provided in Section 2.8(c). 

“Defaulting Lender” shall mean any Lender whose acts or failure to act, whether directly or indirectly, cause it to meet any
part of the definition of Lender Default. 
 “Deferred Net Cash Proceeds” shall have the meaning provided such term in the
definition of Net Cash Proceeds. 
 “Deferred Net Cash Proceeds Payment Date” shall have the meaning provided such term in
the definition of Net Cash Proceeds. 
 “Designated Non-Cash Consideration” shall mean the Fair Market Value of non-cash
consideration received by the Borrower or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-Cash Consideration pursuant to a certificate of an Authorized Officer of the Borrower, setting forth the basis
of such valuation, executed by either a senior vice president or the principal financial officer of the Borrower, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on or other disposition of
such Designated Non-Cash Consideration. A particular item of Designated Non-Cash Consideration will no longer be considered to be outstanding when and to the extent it has been paid, redeemed or otherwise retired or sold or otherwise disposed of in
compliance with Section 10.4. 
 “Designated Preferred Stock” shall mean preferred stock of the Borrower or any
direct or indirect parent company of the Borrower (in each case other than Disqualified Stock) that is issued for cash (other than to a Restricted Subsidiary or an employee stock ownership plan or trust established by

  
 21 

 
the Borrower or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an officer’s certificate executed by the principal financial officer of the Borrower
or the parent company thereof, as the case may be, on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in clause (iii) of Section 10.5(a). 

“Disposed EBITDA” shall mean, with respect to any Sold Entity or Business or any Converted Unrestricted Subsidiary for any
period, the amount for such period of Consolidated EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary (determined as if references to the Borrower and the Restricted Subsidiaries in the definition of Consolidated EBITDA were
references to such Sold Entity or Business or Converted Unrestricted Subsidiary and its respective Subsidiaries), all as determined on a consolidated basis for such Sold Entity or Business or Converted Unrestricted Subsidiary, as the case may be.

 “disposition” shall have the meaning assigned such term in clause (i) of the definition of Asset Sale. 

“Disqualified Lenders” shall mean such Persons (i) that have been specified in writing to the Administrative Agent and
the Lead Arrangers prior to the commencement of “primary syndication” as being Disqualified Lenders, (ii) who are competitors of the Borrower and its Subsidiaries that are separately identified in writing by the Borrower to the
Administrative Agent from time to time, and (iii) in the case of each of clauses (i) and (ii), any of their Affiliates (other than any such Affiliate that is affiliated with a financial investor in such Person and that is not
itself an operating company or otherwise an Affiliate of an operating company so long as such Affiliate is a bona fide Fund) that are either (a) identified in writing by the Borrower to the Administrative Agent from time to time or
(b) clearly identifiable on the basis of such Affiliate’s name. Notwithstanding the foregoing, each Credit Party and the Lenders acknowledge and agree that the Administrative Agent shall not have any responsibility or obligation to
determine whether any Lender or potential Lender is a Disqualified Lender and the Administrative Agent shall have no liability with respect to any assignment made to a Disqualified Lender. 

“Disqualified Stock” shall mean, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the
terms of any security into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other than solely for Qualified Stock), other than as a result of a change of
control, asset sale, or similar event, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than solely for Qualified Stock), other than as a result of a change of control, asset sale, or
similar event, in whole or in part, in each case, prior to the date that is 91 days after the Latest Term Loan Maturity Date hereunder; provided that if such Capital Stock is issued to any plan for the benefit of employees of the Borrower or
its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or
regulatory obligations or as a result of such employee’s termination, death, or disability. 
 “DLJMB” shall mean DLJ
Merchant Banking Partners III, L.P., a Delaware limited partnership, and any applicable successor thereto by way of merger, assignment or otherwise (including any DLJMB Affiliate of a Priori Capital Partners L.P., a Delaware limited partnership).

 “DLJMB Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling,
controlled by, or under direct or indirect common control with such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the 

  
 22 

 
power (a) to vote 10% or more of the equity interests having ordinary voting power for the election of directors (or comparable governing body) of such other Person or (b) to direct or
cause the direction of the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise. 

“Dollar Equivalent” shall mean, at any time, (i) with respect to any amount denominated in Dollars, such amount, and
(ii) with respect to any amount denominated in any currency other than Dollars, the equivalent amount thereof in Dollars, as determined by the Administrative Agent on the basis of the Spot Rate (determined on the most recent date of
determination) for the purchase of Dollars with such currency. 
 “Dollars” and “$” shall mean dollars in
lawful currency of the United States. 
 “Domestic Subsidiary” shall mean each Subsidiary of the Borrower that is organized
under the laws of the United States, any state thereof, or the District of Columbia. 
 “Effective Yield” shall mean, as to
any Indebtedness, the effective yield on such Indebtedness in the reasonable determination of the Administrative Agent in consultation with the Borrower and consistent with generally accepted financial practices, taking into account the applicable
interest rate margins, any interest rate floors (the effect of which floors shall be determined in a manner set forth in the proviso below), or similar devices and all fees, including upfront or similar fees or original issue discount (amortized
over the shorter of (i) the remaining weighted average life to maturity of such Indebtedness and (ii) the four years following the date of incurrence thereof) payable generally to Lenders or other institutions providing such Indebtedness,
but excluding any arrangement, structuring, ticking, or other similar fees payable in connection therewith that are not generally shared with the relevant Lenders and, if applicable, consent fees for an amendment paid generally to consenting
Lenders; provided that with respect to any Indebtedness that includes a “LIBOR floor” or “ABR floor,” (a) to the extent that the LIBOR Rate (with an Interest Period of three months) or ABR (without giving effect to
any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is less than such floor, the amount of such difference shall be deemed added to the interest rate margin for such Indebtedness for the purpose
of calculating the Effective Yield and (b) to the extent that the LIBOR Rate (with an Interest Period of three months) or ABR (without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is
being calculated is greater than such floor, then the floor shall be disregarded in calculating the Effective Yield. 

“Environmental Claims” shall mean any and all actions, suits, orders, decrees, demand letters, claims, notices of
noncompliance or potential responsibility or violation, or proceedings pursuant to any Environmental Law or any permit issued, or any approval given, under any such Environmental Law (hereinafter, “Claims”), including, without
limitation, (i) any and all Claims by governmental or regulatory authorities for enforcement, cleanup, removal, response, remedial, or other actions or damages pursuant to any Environmental Law and (ii) any and all Claims by any third
party seeking damages, contribution, indemnification, cost recovery, compensation, or injunctive relief relating to the presence Release or threatened Release of Hazardous Materials or arising from alleged injury or threat of injury to health or
safety (to the extent relating to human exposure to Hazardous Materials), or the environment including, without limitation, ambient air, indoor air, surface water, groundwater, soil, land surface and subsurface strata, and natural resources such as
wetlands. 
 “Environmental Law” shall mean any applicable federal, state, foreign, or local statute, law, rule,
regulation, ordinance, code, and rule of common law now or hereafter in effect and in each case as amended, and any binding judicial or administrative interpretation thereof, including any binding judicial

  
 23 

 
or administrative order, consent decree, or judgment, relating to pollution or protection of the environment, including, without limitation, ambient air, indoor air, surface water, groundwater,
soil, land surface and subsurface strata and natural resources such as flora, fauna, or wetlands, or protection of human health or safety (to the extent relating to human exposure to Hazardous Materials) and including those relating to the
generation, storage, treatment, transport, Release, or threat of Release of Hazardous Materials. 
 “Equity Interest” shall
mean Capital Stock and all warrants, options, or other rights to acquire Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 

“Equity Offering” shall mean any public or private sale of common stock or preferred stock of the Borrower or any direct or
indirect parent company of the Borrower (excluding Disqualified Stock), other than: (i) public offerings with respect to the Borrower or any of its direct or indirect parent company’s (including Holdings’) common stock registered on
Form S-8, (ii) issuances to any Subsidiary of the Borrower, (iii) any such public or private sale that constitutes an Excluded Contribution, and (iv) any Cure Amount. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together with any Credit Party, is
treated as a single employer under Section 414 (b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” shall mean (i) the failure of any Plan to comply with any provisions of ERISA and/or the Code (and
applicable regulations under either) or with the terms of such Plan; (ii) the existence with respect to any Plan of a non-exempt Prohibited Transaction; (iii) any Reportable Event; (iv) the failure of any Credit Party or ERISA
Affiliate to make by its due date a required installment under Section 430(j) of the Code with respect to any Pension Plan or any failure by any Pension Plan to satisfy the minimum funding standards (within the meaning of Section 412 of
the Code or Section 302 of ERISA) applicable to such Pension Plan, whether or not waived; (v) a determination that any Pension Plan is in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of
ERISA); (vi) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Pension Plan; (vii) the occurrence of any event or
condition which would reasonably be expected to constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or the incurrence by any Credit Party or any of its ERISA Affiliates of any
liability under Title IV of ERISA with respect to the termination of any Pension Plan, including but not limited to the imposition of any Lien in favor of the PBGC or any Pension Plan; (viii) the receipt by any Credit Party or any of its ERISA
Affiliates from the PBGC or a plan administrator of any notice to terminate any Pension Plan or to appoint a trustee to administer any Pension Plan under Section 4042 of ERISA; (ix) the failure by any Credit Party or any of its ERISA
Affiliates to make any required contribution to a Multiemployer Plan; (x) the incurrence by any Credit Party or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Pension Plan (or a
cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA) or Multiemployer Plan; (xi) the receipt by any Credit Party or any of its ERISA Affiliates of any notice concerning the imposition of Withdrawal
Liability or a determination that a Multiemployer Plan is, or is expected to be, Insolvent or in Reorganization, in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of
ERISA), or terminated (within the meaning of Section 4041A of ERISA); or (xii) the failure by any Credit Party or any of its ERISA Affiliates to pay when due (after expiration of any applicable grace period) any installment payment with
respect to Withdrawal Liability under Section 4201 of ERISA. 

  
 24 

 “Event of Default” shall have the meaning provided in Section 11.

 “Excess Cash Flow” shall mean, for any period, an amount equal to the excess of: 

(i) the sum, without duplication, of: 

(a) Consolidated Net Income for such period, 

(b) an amount equal to the amount of all non-cash charges to the extent deducted in arriving at such Consolidated Net Income
and cash receipts to the extent excluded in arriving at such Consolidated Net Income, 
 (c) decreases in Consolidated
Working Capital for such period (other than (1) reclassification of items from short-term to long-term or vice versa and (2) any such decreases arising from acquisitions or Asset Sales by the Borrower and the Restricted Subsidiaries
completed during such period or the application of purchase accounting), 
 (d) an amount equal to the aggregate net non-cash
loss on Asset Sales by the Borrower and the Restricted Subsidiaries during such period (other than Asset Sales in the ordinary course of business) to the extent deducted in arriving at such Consolidated Net Income, 

(e) cash receipts in respect of Hedge Agreements during such period to the extent not otherwise included in Consolidated Net
Income, and 
 (f) increases in current and non-current deferred revenue to the extent deducted or not included in arriving
at such Consolidated Net Income, 
 over (ii) the sum, without duplication, of: 

(a) an amount equal to the amount of all non-cash credits included in arriving at such Consolidated Net Income, cash charges to
the extent excluded in arriving at such Consolidated Net Income, and Transaction Expenses to the extent not deducted in arriving at such Consolidated Net Income and paid in cash during such period, 

(b) without duplication of amounts deducted pursuant to clause (k) below in prior periods, the amount of Capital
Expenditures or acquisitions of Intellectual Property accrued or made in cash during such period, except to the extent that such Capital Expenditures or acquisitions were financed with the proceeds of long-term Indebtedness of the Borrower or the
Restricted Subsidiaries (unless such Indebtedness has been repaid other than with the proceeds of long-term Indebtedness) other than intercompany loans, 

(c) the aggregate amount of all principal payments of Indebtedness of the Borrower and the Restricted Subsidiaries (including
(1) the principal component of payments in respect of Capitalized Lease Obligations, (2) the amount of any scheduled repayment of Term Loans pursuant to Section 2.5, and (3) the amount of a mandatory prepayment of Term
Loans pursuant to Section 5.2(a) to the extent required due to an Asset Sale that resulted in an increase to Consolidated Net Income and not in excess of the amount of such increase but excluding (A) all

  
 25 

 
other prepayments of Term Loans and (B) all prepayments of Revolving Loans (and any other revolving loans (unless there is an equivalent permanent reduction in commitments thereunder)) made
during such period, except to the extent financed with the proceeds of other long-term Indebtedness of the Borrower or the Restricted Subsidiaries, 

(d) an amount equal to the aggregate net non-cash gain on Asset Sales by the Borrower and the Restricted Subsidiaries during
such period (other than Asset Sales in the ordinary course of business) to the extent included in arriving at such Consolidated Net Income, 

(e) increases in Consolidated Working Capital for such period (other than (1) reclassification of items from short-term to
long-term or vice versa and (2) any such increases arising from acquisitions or Asset Sales by the Borrower and the Restricted Subsidiaries completed during such period or the application of purchase accounting), 

(f) payments in cash by the Borrower and the Restricted Subsidiaries during such period in respect of long-term liabilities of
the Borrower and the Restricted Subsidiaries other than Indebtedness, to the extent not already deducted from Consolidated Net Income, 

(g) without duplication of amounts deducted pursuant to clause (k) below in prior fiscal periods, the aggregate
amount of cash consideration paid by the Borrower and the Restricted Subsidiaries (on a consolidated basis) in connection with Investments (including acquisitions (but excluding Permitted Investments of the type described in clauses (i) and
(ii) thereof) made during such period constituting Permitted Investments or made pursuant to Section 10.5 to the extent that such Investments were not financed with the proceeds received from (1) the issuance or incurrence of
long-term Indebtedness or (2) the issuance of Capital Stock, 
 (h) the amount of dividends paid in cash during such
period (on a consolidated basis) by the Borrower and the Restricted Subsidiaries, to the extent such dividends were not financed with the proceeds received from (1) the issuance or incurrence of long-term Indebtedness or (2) the issuance
of Capital Stock, 
 (i) the aggregate amount of expenditures actually made by the Borrower and the Restricted Subsidiaries
in cash during such period (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during such period and are not deducted in calculating Consolidated Net Income, 

(j) the aggregate amount of any premium, make-whole, or penalty payments actually paid in cash by the Borrower and the
Restricted Subsidiaries during such period that are made in connection with any prepayment of Indebtedness to the extent that such payments are not deducted in calculating Consolidated Net Income, 

(k) without duplication of amounts deducted from Excess Cash Flow in other periods, (1) the aggregate consideration
required to be paid in cash by the Borrower or any of its Restricted Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered into prior to or during such period and (2) any planned cash expenditures by
the Borrower or any of the Restricted Subsidiaries (the “Planned Expenditures”), in the case of each of clauses (1) and (2), relating to Permitted Acquisitions (or Investments similar to those made for Permitted
Acquisitions), Capital Expenditures, or acquisitions of Intellectual Property to be consummated or made during the period of four consecutive fiscal quarters of the Borrower following the end of such period (except to the extent financed with any of
the proceeds received from (A) the 

  
 26 

 
issuance or incurrence of long-term Indebtedness or (B) the issuance of Equity Interests); provided that to the extent that the aggregate amount of cash actually utilized to finance
such Permitted Acquisitions (or Investments similar to those made for Permitted Acquisitions), Capital Expenditures, or acquisitions of Intellectual Property during such following period of four consecutive fiscal quarters is less than the
Contract Consideration and Planned Expenditures, the amount of such shortfall shall be added to the calculation of Excess Cash Flow, at the end of such period of four consecutive fiscal quarters, 

(l) the amount of taxes (including penalties and interest) paid in cash or tax reserves set aside or payable (without
duplication) in such period to the extent they exceed the amount of tax expense deducted in determining Consolidated Net Income for such period, 

(m) cash expenditures in respect of Hedge Agreements during such fiscal year to the extent not deducted in arriving at such
Consolidated Net Income, and 
 (n) decreases in current and non-current deferred revenue to the extent included or not
deducted in arriving at such Consolidated Net Income. 
 “Excluded Contribution” shall mean net cash proceeds, the Fair
Market Value of marketable securities, or the Fair Market Value of Qualified Proceeds received by the Borrower from (i) contributions to its common equity capital, and (ii) the sale (other than to a Subsidiary of the Borrower or to any
management equity plan or stock option plan or any other management or employee benefit plan or agreement of the Borrower) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Borrower, in each case designated as
Excluded Contributions pursuant to an officer’s certificate executed by either a senior vice president or the principal financial officer of the Borrower on the date such capital contributions are made or the date such Equity Interests are
sold, as the case may be, which are excluded from the calculation set forth in clause (iii) of Section 10.5(a); provided that (i) any non-cash assets shall qualify only if acquired by a parent of the Borrower in
an arm’s-length transaction within the six months prior to such contribution and (ii) no Cure Amount shall constitute an Excluded Contribution. 

“Excluded Property” shall have the meaning set forth in the Security Agreement. 

“Excluded Stock and Stock Equivalents” shall mean (i) any Capital Stock or Stock Equivalents with respect to which, in
the reasonable judgment of the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of pledging such Capital Stock or Stock Equivalents in favor of the Secured Parties under the Security Documents shall be
excessive in view of the benefits to be obtained by the Lenders therefrom, (ii) solely in the case of any pledge of Capital Stock and Stock Equivalents of any Foreign Subsidiary of a Domestic Subsidiary, the Borrower, or Holdings or any CFC
Holding Company, any Voting Stock or Stock Equivalents of any class of such Foreign Subsidiary or such CFC Holding Company in excess of 66% of the outstanding Voting Stock of such class, (iii) any Capital Stock or Stock Equivalents to the
extent the pledge thereof would violate any applicable Requirement of Law (including any legally effective requirement to obtain the consent of any Governmental Authority unless such consent has been obtained), (iv) in the case of (A) any
Capital Stock or Stock Equivalents of any Subsidiary to the extent such Capital Stock or Stock Equivalents are subject to a Lien permitted by clause (ix) of the definition of Permitted Lien or (B) any Capital Stock or Stock
Equivalents of any Subsidiary that is not Wholly-Owned by the Borrower and its Subsidiaries at the time such Subsidiary becomes a Subsidiary, any Capital Stock or Stock Equivalents of each such Subsidiary described in clause (A) or
(B) to the extent (I) that a pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement (other than customary non-assignment provisions which are

  
 27 

 
ineffective under the Uniform Commercial Code or other applicable law), (II) any Contractual Requirement prohibits such a pledge without the consent of any other party; provided that this
clause (II) shall not apply if (x) such other party is a Credit Party or Wholly-Owned Subsidiary or (y) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the
Borrower or any Subsidiary to obtain any such consent) and for so long as such Contractual Requirement or replacement or renewal thereof is in effect, or (III) a pledge thereof to secure the Obligations would give any other party (other than a
Credit Party or Wholly-Owned Subsidiary) to any contract, agreement, instrument, or indenture governing such Capital Stock or Stock Equivalents the right to terminate its obligations thereunder (other than customary non-assignment provisions which
are ineffective under the Uniform Commercial Code or other applicable law), (v) any Capital Stock or Stock Equivalents of any Subsidiary to the extent that the pledge of such Capital Stock or Stock Equivalents would result in materially adverse
tax consequences to the Borrower or any Subsidiary as reasonably determined by the Borrower in consultation with the Administrative Agent, (vi) any Capital Stock or Stock Equivalents that are margin stock, and (vii) any Capital Stock and
Stock Equivalents of any Subsidiary that is not a Material Subsidiary or is an Unrestricted Subsidiary, a captive insurance Subsidiary, an SPV, or any special purpose entity. 

“Excluded Subsidiary” shall mean (i) each Subsidiary, in each case, for so long as any such Subsidiary does not (on a
consolidated basis with its Restricted Subsidiaries) constitute a Material Subsidiary, (ii) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary would otherwise be required to become a Guarantor pursuant to the
requirements of Section 9.11 (for so long as such Subsidiary remains a non-Wholly-Owned Restricted Subsidiary), (iii) any CFC Holding Company, (iv) any Domestic Subsidiary that is a Subsidiary of a Foreign Subsidiary that is a
CFC, (v) any Foreign Subsidiary, (vi) each Subsidiary that is prohibited by any applicable Contractual Requirement or Requirement of Law from guaranteeing or granting Liens to secure the Obligations at the time such Subsidiary becomes a
Restricted Subsidiary (and for so long as such restriction or any replacement or renewal thereof is in effect), (vii) any other Subsidiary with respect to which, (a) in the reasonable judgment of the Administrative Agent and Borrower, as
agreed in writing, the cost or other consequences of providing a Guarantee of the Obligations shall be excessive in view of the benefits to be obtained by the Lenders therefrom or (b) providing such a Guarantee would result in material adverse
tax consequences as reasonably determined by the Borrower in consultation with the Administrative Agent, (viii) each Unrestricted Subsidiary, (ix) any Receivables Subsidiary, (x) each other Subsidiary acquired pursuant to a Permitted
Acquisition or other Investment permitted hereunder and financed with assumed secured Indebtedness permitted hereunder, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that guarantees
such Indebtedness, in each case to the extent that, and for so long as, the documentation relating to such Indebtedness to which such Subsidiary is a party prohibits such Subsidiary from guaranteeing the Obligations and such prohibition was not
created in contemplation of such Permitted Acquisition or other Investment permitted hereunder, and (xi) each SPV or not-for-profit Subsidiary. 

“Excluded Swap Obligation” shall mean, with respect to any Credit Party, (a) any Swap Obligation if, and to the extent
that, all or a portion of the Obligations of such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Swap Obligation (or any Obligations thereof) is or becomes illegal or unlawful under the Commodity Exchange
Act or any rule, regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) or (b) any other Swap Obligation designated as an “Excluded Swap Obligation” of such
Guarantor as specified in any agreement between the relevant Credit Parties and Hedge Bank applicable to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the
portion of such Swap Obligation that is attributable to swaps for which such Obligation or security interest is or becomes illegal or unlawful. 

  
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 “Excluded Taxes” shall mean, with respect to the Administrative Agent, any
Lender, or any other recipient of any payment to be made by or on account of any obligation of any Credit Party hereunder or under any other Credit Document, (i) Taxes imposed on or measured by its overall net income, net profits, or branch
profits (however denominated, and including (for the avoidance of doubt) any backup withholding in respect thereof under Section 3406 of the Code or any similar provision of state, local, or foreign law), and franchise (and similar) Taxes
imposed on it (in lieu of net income Taxes), in each case by a jurisdiction (including any political subdivision thereof) as a result of such recipient being organized in, having its principal office in, or in the case of any Lender, having its
applicable lending office in, such jurisdiction, or as a result of any other present or former connection with such jurisdiction (other than any such connection arising solely from this Agreement or any other Credit Documents or any transactions
contemplated thereunder), (ii) any United States federal withholding Tax imposed on any payment by or on account of any obligation of any Credit Party hereunder or under any other Credit Document that is required to be imposed on amounts
payable to or for the account of a Lender pursuant to laws in force at the time such Lender acquires an interest in any Credit Document (or designates a new lending office), other than in the case of a Lender that is an assignee pursuant to a
request by the Borrower under Section 13.7 (or that designates a new lending office pursuant to a request by the Borrower), except to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the
designation of a new lending office (or assignment), to receive additional amounts from the Credit Parties with respect to such withholding Tax pursuant to Section 5.4, (iii) any withholding Taxes attributable to a recipient’s
failure to comply with Section 5.4(e), or (iv) any withholding Tax imposed under FATCA. 
 “Existing
Class” shall mean any Existing Term Loan Class and any Existing Revolving Credit Class. 
 “Existing Credit
Facilities” shall have the meaning provided in the preamble to this Agreement. 
 “Existing Letters of Credit”
shall mean each letter of credit existing on the Closing Date and identified on Schedule 1.1(d). 
 “Existing Revolving
Credit Class” shall have the meaning provided in Section 2.14(g)(ii). 
 “Existing Revolving Credit
Commitment” shall have the meaning provided in Section 2.14(g)(ii). 
 “Existing Revolving Credit
Loans” shall have the meaning provided in Section 2.14(g)(ii). 
 “Existing Term Loan Class” shall
have the meaning provided in Section 2.14(g)(i). 
 “Extended Repayment Date” shall have the meaning provided
in Section 2.5(c). 
 “Extended Revolving Credit Commitments” shall have the meaning provided in
Section 2.14(g)(ii). 
 “Extended Revolving Credit Loans” shall have the meaning provided in
Section 2.14(g)(ii). 
 “Extended Revolving Loan Maturity Date” shall mean the date on which any tranche of
Extended Revolving Credit Loans matures. 

  
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 “Extended Term Loan Repayment Amount” shall have the meaning provided in
Section 2.5(c). 
 “Extended Term Loans” shall have the meaning provided in Section 2.14(g)(i).

 “Extending Lender” shall have the meaning provided in Section 2.14(g)(iii). 

“Extension Amendment” shall have the meaning provided in Section 2.14(g)(iv). 

“Extension Date” shall have the meaning provided in Section 2.14(g)(v). 

“Extension Election” shall have the meaning provided in Section 2.14(g)(iii). 

“Extension Request” shall mean a Term Loan Extension Request. 

“Extension Series” shall mean all Extended Term Loans and Extended Revolving Credit Commitments that are established pursuant
to the same Extension Amendment (or any subsequent Extension Amendment to the extent such Extension Amendment expressly provides that the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, provided for therein are intended
to be a part of any previously established Extension Series) and that provide for the same interest margins, extension fees, and amortization schedule. 

“Fair Market Value” shall mean with respect to any asset or group of assets on any date of determination, the value of the
consideration obtainable in a sale of such asset at such date of determination assuming a sale by a willing seller to a willing purchaser dealing at arm’s length and arranged in an orderly manner over a reasonable period of time having regard
to the nature and characteristics of such asset, as determined in good faith by the Borrower. 
 “FATCA” shall mean
Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code as of the date of this Agreement (or any amended or successor version described above), and any intergovernmental agreements (or related legislation
or official administrative rules or practices) implementing the foregoing. 
 “Federal Funds Effective Rate” shall mean,
for any day, the weighted average of the per annum rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published on the next succeeding Business Day by the
Federal Reserve Bank of New York; provided that (i) if such day is not a Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next
succeeding Business Day, and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the average rate charged to the Administrative Agent on such day on such transactions
as determined by the Administrative Agent. 
 “Fees” shall mean all amounts payable pursuant to, or referred to in,
Section 4.1. 
 “First Lien Intercreditor Agreement” shall mean an Intercreditor Agreement substantially in the
form of Exhibit H (with such changes to such form as may be reasonably acceptable to the Administrative Agent and the Borrower) among the Administrative Agent, the Collateral Agent, and the representatives for purposes thereof for holders of
one or more classes of Indebtedness. 

  
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 “First Lien Obligations” shall mean the Obligations and the Permitted Other
Indebtedness Obligations that are secured by the Collateral on an equal priority basis (but without regard to the control of remedies) with liens on the Collateral securing the Obligations. 

“First Lien Secured Leverage Test” shall mean, as of any date of determination, with respect to the last day of the most
recently ended Test Period, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio shall be no greater than 3.50 to 1.00. 

“Fixed Charges” shall mean, with respect to any Person for any period, the sum of: 

(i) Consolidated Interest Expense of such Person for such period, 

(ii) all cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock (including any
Designated Preferred Stock) or any Refunding Capital Stock of such Person made during such period, and 
 (iii) all cash
dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Stock made during such period. 

“Foreign Benefit Arrangement” shall mean any employee benefit arrangement mandated by non-U.S. law that is maintained or
contributed to by any Credit Party or any of its Subsidiaries. 
 “Foreign Plan” shall mean each employee benefit plan
(within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA) that is not subject to U.S. law and is maintained or contributed to by any Credit Party or any of its Subsidiaries. 

“Foreign Plan Event” shall mean, with respect to any Foreign Plan or Foreign Benefit Arrangement, (i) the failure to
make or, if applicable, accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Plan or Foreign Benefit Arrangement; (ii) the failure to register
or loss of good standing (if applicable) with applicable regulatory authorities of any such Foreign Plan or Foreign Benefit Arrangement required to be registered; or (iii) the failure of any Foreign Plan or Foreign Benefit Arrangement to comply
with any provisions of applicable law and regulations or with the terms of such Foreign Plan or Foreign Benefit Arrangement. 

“Foreign Subsidiary” shall mean each Subsidiary of the Borrower that is not a Domestic Subsidiary. 

“Fronting Exposure” shall mean, at any time there is a Defaulting Lender, with respect to any Letter of Credit Issuer, such
Defaulting Lender’s Revolving Credit Commitment Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Non-Defaulting Lenders or
Cash Collateralized in accordance with the terms hereof. 
 “Fronting Fee” shall have the meaning provided in
Section 4.1(d). 
 “Fund” shall mean any Person (other than a natural Person) that is engaged or advises funds
or other investment vehicles that are engaged in making, purchasing, holding, or investing in commercial loans and similar extensions of credit in the ordinary course. 

  
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 “Funded Debt” shall mean all Indebtedness of the Borrower and the Restricted
Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of the Borrower or any Restricted Subsidiary, to a date more than
one year from the date of its creation or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date (including all amounts of such Funded Debt
required to be paid or prepaid within one year from the date of its creation), and, in the case of the Credit Parties, Indebtedness in respect of the Loans. 

“GAAP” shall mean generally accepted accounting principles in the United States, as in effect from time to time;
provided, however, that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the
application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Furthermore, at any time after the Closing Date, the Borrower may elect to apply
International Financial Reporting Standards (“IFRS”) accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP and GAAP concepts shall thereafter be construed to refer to IFRS and corresponding
IFRS concepts (except as otherwise provided in this Agreement); provided any such election, once made, shall be irrevocable; provided, further, that any calculation or determination in this Agreement that requires the
application of GAAP for periods that include fiscal quarters ended prior to the Borrower’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. The Borrower shall give written notice of any such
election made in accordance with this definition to the Administrative Agent. For the avoidance of doubt, solely making an election (without any other action) referred to in this definition will not be treated as an incurrence of Indebtedness.
Notwithstanding any other provision contained herein, the amount of any Indebtedness under GAAP with respect to Capitalized Lease Obligations shall be determined in accordance with the definition of Capitalized Lease Obligations. 

“Governmental Authority” shall mean any nation, sovereign, or government, any state, province, territory, or other political
subdivision thereof, and any entity or authority exercising executive, legislative, judicial, taxing, regulatory, or administrative functions of or pertaining to government, including a central bank or stock exchange. 

“Granting Lender” shall have the meaning provided in Section 13.6(g). 

“Guarantee” shall mean (i) the Guarantee made by Holdings and each other Guarantor in favor of the Collateral Agent for
the benefit of the Secured Parties, substantially in the form of Exhibit B, and (ii) any other guarantee of the Obligations made by a Restricted Subsidiary in form and substance reasonably acceptable to the Administrative Agent;
provided that in no event shall any Excluded Subsidiary be required to be a Guarantor (unless such subsidiary is no longer an Excluded Subsidiary). 

“guarantee obligations” shall mean, as to any Person, any obligation of such Person guaranteeing or intended to guarantee any
Indebtedness of any primary obligor in any manner, whether directly or indirectly, including any obligation of such Person, whether or not contingent, (i) to purchase any such Indebtedness or any property constituting direct or indirect
security therefor, (ii) to advance or supply funds (a) for the purchase or payment of any such Indebtedness or (b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency
of the primary obligor, (iii) to purchase property, securities, or services primarily for the purpose of assuring the owner 

  
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of any such Indebtedness of the ability of the primary obligor to make payment of such Indebtedness, or (iv) otherwise to assure or hold harmless the owner of such Indebtedness against loss
in respect thereof; provided, however, that the term guarantee obligations shall not include endorsements of instruments for deposit or collection in the ordinary course of business or customary and reasonable indemnity obligations or
product warranties in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any guarantee
obligation shall be deemed to be an amount equal to the stated or determinable amount of the Indebtedness in respect of which such guarantee obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in
respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. 

“Guarantors” shall mean (i) each Subsidiary of the Borrower that is party to the Guarantee on the Closing Date,
(ii) each Subsidiary of the Borrower that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11 or otherwise, and (iii) Holdings. 

“Hazardous Materials” shall mean (i) any petroleum or petroleum products, radioactive materials, friable asbestos,
polychlorinated biphenyls, and radon gas; (ii) any chemicals, materials, or substances defined as or included in the definition of “hazardous substances,” “hazardous waste,” “hazardous materials,” “extremely
hazardous waste,” “restricted hazardous waste,” “toxic substances,” “toxic pollutants,” “contaminants,” or “pollutants,” or words of similar import, under any Environmental Law; and
(iii) any other chemical, material, or substance, which is prohibited, limited, or regulated due to its dangerous or deleterious properties or characteristics by, any Environmental Law. 

“Hedge Agreements” shall mean (i) any and all rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other
similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (ii) any and all transactions
of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange
Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Hedge Bank” shall mean (i) (a) any Person that, at the time it enters into a Hedge Agreement, is a Lender, an
Agent or an Affiliate of a Lender or an Agent and (b) with respect to any Hedge Agreement entered into prior to the Closing Date, any Person that is a Lender or an Agent or an Affiliate of a Lender or an Agent on the Closing Date and
(ii) any other Person that is designated by the Borrower as a “Hedge Bank” by written notice to the Administrative Agent substantially in the form of Exhibit M or such other form reasonably acceptable to the Administrative
Agent. 
 “Hedging Obligations” shall mean, with respect to any Person, the obligations of such Person under any Hedge
Agreements. 
 “Historical Financial Statements” shall mean (i) the audited consolidated balance sheets of the
Borrower and its Subsidiaries as at December 29, 2012 and December 28, 2013, and the related audited consolidated statements of income, cash flow and shareholders’ equity of the Borrower and its

  
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Subsidiaries for the years ended December 31, 2011, December 29, 2012 and December 28, 2013 and (ii) the unaudited consolidated balance sheet, and statement of income,
cash flow and shareholders’ equity, of the Borrower and its Subsidiaries as of and for the 6-month period ended June 28, 2014. 

“Holdings” shall mean (i) Holdings (as defined in the preamble to this Agreement) or (ii) after the Closing Date
any other Person or Persons (“New Holdings”) that is a Subsidiary of (or are Subsidiaries of) Holdings or of any Parent Entity of Holdings (or the previous New Holdings, as the case may be) but not the Borrower (“Previous
Holdings”); provided that (a) such New Holdings directly owns (i) 100% of the Equity Interests of the Borrower and (ii) 100% of the Equity Interests of each other direct Subsidiary of Previous Holdings which were owned
by Previous Holdings immediately prior thereto, (b) New Holdings shall expressly assume all the obligations of Previous Holdings under this Agreement and the other Credit Documents pursuant to a supplement hereto or thereto in form and
substance reasonably satisfactory to the Administrative Agent, (c) if reasonably requested by the Administrative Agent, an opinion of counsel shall be delivered by the Borrower to the Administrative Agent to the effect that, without limitation,
such substitution does not violate this Agreement or any other Credit Document, (d) all Capital Stock of the Borrower and each other direct Subsidiary of Previous Holdings and substantially all of the other assets of Previous Holdings are
contributed or otherwise transferred, directly or indirectly, to such New Holdings and pledged to secure the Obligations, (f) (i) no Event of Default has occurred and is continuing at the time of such substitution and such substitution
does not result in any Event of Default, (ii) such substitution does not result in any material adverse tax consequences to any Credit Party and (iii) such substitution does not result in any adverse tax consequences to any Lender (unless
reimbursed hereunder) or to the Administrative Agent (unless reimbursed hereunder), and (g) no Change of Control shall occur; provided, further, that if each of the foregoing is satisfied, Previous Holdings shall be automatically
released of all its obligations under the Credit Documents and any reference to Holdings in the Credit Documents shall be meant to refer to New Holdings. 

“IFRS” shall have the meaning given such term in the definition of GAAP. 

“Impacted Loans” shall have the meaning provided in Section 2.10(a). 

“Increased Amount Date” shall have the meaning provided in Section 2.14(a). 

“Incremental Loans” shall have the meaning provided in Section 2.14(c). 

“Incremental Revolving Credit Commitments” shall have the meaning provided in Section 2.14(a). 

“Incremental Revolving Credit Loans” shall have the meaning provided in Section 2.14(b). 

“Incremental Revolving Credit Maturity Date” shall mean the date on which any tranche of Revolving Credit Loans made pursuant
to the Lenders’ Incremental Revolving Credit Commitments matures. 
 “Incremental Revolving Loan Lender” shall have
the meaning provided in Section 2.14(b). 
 “Indebtedness” shall mean, with respect to any Person, (i) any
indebtedness (including principal and premium) of such Person, whether or not contingent (a) in respect of borrowed money, (b) evidenced by bonds, notes, debentures, or similar instruments or letters of credit or bankers’ acceptances
(or, without double counting, reimbursement agreements in respect thereof), (c) representing the balance deferred and unpaid of the purchase price of any property (including Capitalized Lease Obligations), or (d)

  
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representing any Hedging Obligations, if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would appear as a net liability upon a
balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; provided that Indebtedness of any direct or indirect parent company appearing upon the balance sheet of the Borrower solely by reason of push
down accounting under GAAP shall be excluded, (ii) to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the obligations of the type referred to in clause
(i) of another Person (whether or not such items would appear upon the balance sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in the ordinary course of business, and (iii) to the
extent not otherwise included, the obligations of the type referred to in clause (i) of another Person secured by a Lien on any asset owned by such Person, whether or not such Indebtedness is assumed by such Person; provided that
notwithstanding the foregoing, Indebtedness shall be deemed not to include (1) Contingent Obligations incurred in the ordinary course of business, (2) obligations under or in respect of Receivables Facilities, (3) prepaid or deferred
revenue arising in the ordinary course of business, (4) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy warrants or other unperformed obligations of the
seller of such asset, (5) any balance that constitutes a trade payable or similar obligation to a trade creditor, accrued in the ordinary course of business, or (6) any earn-out obligation until such obligation, within 60 days of becoming
due and payable, has not been paid and such obligation is reflected as a liability on the balance sheet of such Person in accordance with GAAP. The amount of Indebtedness of any Person for purposes of clause (iii) above shall (unless
such Indebtedness has been assumed by such Person) be deemed to be equal to the lesser of (x) the aggregate unpaid amount of such Indebtedness and (y) the Fair Market Value of the property encumbered thereby as determined by such Person in
good faith. 
 For all purposes hereof, the Indebtedness of Holdings, the Borrower and the Restricted Subsidiaries, shall exclude all
intercompany Indebtedness having a term not exceeding 365 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business consistent with past practice. 

“Indemnified Liabilities” shall have the meaning provided in Section 13.5. 

“Indemnified Person” shall have the meaning provided in Section 13.5. 

“Indemnified Taxes” shall mean all Taxes imposed on or with respect to any payment by or on account of any obligation of any
Credit Party hereunder or under any other Credit Document, other than Excluded Taxes or Other Taxes. 
 “Initial Term Loan”
shall have the meaning provided in Section 2.1(a). 
 “Initial Term Loan Commitment” shall mean, in the case of
each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the
Closing Date is $775,000,000. 
 “Initial Term Loan Lender” shall mean a Lender with an Initial Term Loan Commitment or an
outstanding Initial Term Loan. 
 “Initial Term Loan Maturity Date” shall mean September 23, 2021 or, if such date is
not a Business Day, the immediately preceding Business Day; provided that if on July 2, 2017 the aggregate outstanding principal amount of Senior Unsecured Notes that remain outstanding is greater than $250,000,000, the Initial Term Loan
Maturity Date shall mean July 2, 2017. 

  
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 “Initial Term Loan Repayment Amount” shall have the meaning provided in
Section 2.5(b). 
 “Initial Term Loan Repayment Date” shall have the meaning provided in
Section 2.5(b). 
 “Insolvent” shall mean, with respect to any Multiemployer Plan, the condition that such
Multiemployer Plan is insolvent within the meaning of Section 4245 of ERISA. 
 “Intellectual Property” shall mean
U.S. and foreign intellectual property, including all (i) (a) patents, inventions, processes, developments, technology, and know-how; (b) copyrights and works of authorship in any media, including graphics, advertising materials,
labels, package designs, and photographs; (c) trademarks, service marks, trade names, brand names, corporate names, domain names, logos, trade dress, and other source indicators, and the goodwill of any business symbolized thereby; and
(d) trade secrets, confidential, proprietary, or non-public information and (ii) all registrations, issuances, applications, renewals, extensions, substitutions, continuations, continuations-in-part, divisions, re-issues, re-examinations,
foreign counterparts, or similar legal protections related to the foregoing. 
 “Interest Period” shall mean, with respect
to any Loan, the interest period applicable thereto, as determined pursuant to Section 2.9. 
 “Investment”
shall mean, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of loans (including guarantees), advances, or capital contributions (excluding accounts receivable, trade credit, advances to
customers, commission, travel, and similar advances to officers and employees, in each case made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests, or other securities issued by
any other Person and investments that are required by GAAP to be classified on the balance sheet (excluding the footnotes) of the Borrower in the same manner as the other investments included in this definition to the extent such transactions
involve the transfer of cash or other property; provided that Investments shall not include, in the case of Holdings, the Borrower and the Restricted Subsidiaries, intercompany loans, advances, or Indebtedness having a term not exceeding 364
days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business. 
 For purposes of the definition of
Unrestricted Subsidiary and Section 10.5, 
 (i) Investments shall include the portion (proportionate to the
Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of the Borrower at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided that upon a redesignation of
such Subsidiary as a Restricted Subsidiary, the Borrower shall be deemed to continue to have a permanent Investment in an Unrestricted Subsidiary in an amount (if positive) equal to (a) the Borrower’s Investment in such Subsidiary at the
time of such redesignation less (b) the portion (proportionate to the Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary at the time of such redesignation; and 

(ii) any property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of
such transfer. 

  
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 The amount of any Investment outstanding at any time shall be the original cost of such
Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment, or other amount received by the Borrower or a Restricted Subsidiary in respect of such Investment (provided that, with respect to amounts
received other than in the form of Cash Equivalents, such amount shall be equal to the Fair Market Value of such consideration). 

“Investment Grade Rating” shall mean a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or
the equivalent) by S&P, or an equivalent rating by any other Rating Agency. 
 “Investment Grade Securities” shall
mean: 
 (i) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality thereof (other than Cash Equivalents), 
 (ii) debt securities or debt instruments with an Investment Grade
Rating, but excluding any debt securities or instruments constituting loans or advances among the Borrower and its Subsidiaries, 

(iii) investments in any fund that invest at least 90% in investments of the type described in clauses (i) and
(ii) which fund may also hold immaterial amounts of cash pending investment or distribution, and 
 (iv)
corresponding instruments in countries other than the United States customarily utilized for high-quality investments. 

“IRS” shall mean the United States Internal Revenue Service. 

“ISP” shall mean, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance and subject to which such Letter of Credit was issued). 

“Issuer Documents” shall mean with respect to any Letter of Credit, the Letter of Credit Request, and any other document,
agreement, and instrument entered into by any Letter of Credit Issuer and the Borrower (or any Restricted Subsidiary or the Borrower) or in favor of such Letter of Credit Issuer and relating to such Letter of Credit. 

“Joinder Agreement” shall mean an agreement substantially in the form of Exhibit A. 

“Joint Lead Arrangers and Joint Bookrunners” shall mean Credit Suisse Securities (USA) LLC, Barclays Bank PLC, Deutsche Bank
Securities Inc., Goldman Sachs Bank USA, KKR Capital Markets LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mizuho Bank, Ltd. 

“Jostens” shall have the meaning provided in the preamble to this Agreement. 

“Jostens Business” shall mean, taken as a whole, the property, business of, and controlling interest in the Voting Stock of,
the Subsidiaries, business segments and units within business segments engaged in the affinity products and services business as conducted on the Closing Date and thereafter by entities including Jostens, Inc. 

  
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 “Junior Debt” shall mean any Indebtedness in respect of (i) Subordinated
Indebtedness, (ii) the Senior Unsecured Notes (and any unsecured Refinancing Indebtedness in respect thereof), (iii) the Senior Secured Notes (and any Refinancing Permitted Other Indebtedness in respect thereof) and (iv) any other
Permitted Other Indebtedness that is secured by a Lien ranking junior to the Lien securing the Obligations. 
 “Junior Lien
Intercreditor Agreement” shall mean a Junior Lien Intercreditor Agreement substantially in the form of Exhibit I (with such changes to such form as may be reasonably acceptable to the Administrative Agent and the Borrower) among the
Administrative Agent, the Collateral Agent, any applicable Collateral Agent with respect to any Senior Secured Notes and the representatives for purposes thereof for any other Permitted Other Indebtedness Secured Parties that are holders of
Permitted Other Indebtedness Obligations having a Lien on the Collateral ranking junior to the Lien securing the Obligations. 

“KKR” shall mean each of Kohlberg Kravis Roberts & Co. L.P. and KKR Associates, L.P. 

“Latest Term Loan Maturity Date” shall mean, at any date of determination, the latest maturity or expiration date applicable
to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time. 

“L/C Borrowing” shall mean an extension of credit resulting from a drawing under any Letter of Credit which has not been
reimbursed on the date when made or refinanced as a Borrowing. 
 “L/C Facility Maturity Date” shall mean the date that is
five Business Days prior to the Revolving Credit Maturity Date; provided that the L/C Facility Maturity Date may be extended beyond such date with the consent of the applicable Letter of Credit Issuer. 

“L/C Obligations” shall mean, as at any date of determination, the aggregate amount available to be drawn under all
outstanding Letters of Credit plus the aggregate of all Unpaid Drawings, including all L/C Borrowings. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but (i) any amount may still
be drawn thereunder by reason of the operation of Rule 3.13 or Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn, or (ii) any drawing was
made thereunder on or before the last day permitted thereunder and such drawing has not been honored or refused by the applicable Letter of Credit Issuer, such Letter of Credit shall be deemed to be “outstanding” in the amount of such
drawing. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the Stated Amount of such Letter of Credit in effect at such time. 

“L/C Participant” shall have the meaning provided in Section 3.3(a). 

“L/C Participation” shall have the meaning provided in Section 3.3(a). 

“Lender” shall have the meaning provided in the preamble to this Agreement. 

“Lender Default” shall mean (i) the refusal or failure of any Lender to make available its portion of any incurrence of
Loans or Reimbursement Obligations, which refusal or failure is not cured within two business days after the date of such refusal or failure, unless such Lender notifies the Administrative Agent in writing that such refusal or failure is the result
of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any 

  
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applicable default, shall be specifically identified in writing) has not been satisfied, (ii) the failure of any Lender to pay over to the Administrative Agent, any Letter of Credit Issuer,
or any other Lender any other amount required to be paid by it hereunder within two business days of the date when due, unless the subject of a good faith dispute, (iii) a Lender has notified, in writing, the Borrower or the Administrative
Agent (or to the extent such funding obligations relate to any Letter of Credit, the applicable Letter of Credit Issuer) that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that
effect with respect to its funding obligations under this Agreement or a Lender has publicly announced that it does not intend to comply with its funding obligations under other loan agreements, credit agreements or similar facilities generally,
(iv) a Lender has failed to confirm in a manner reasonably satisfactory to the Administrative Agent that it will comply with its funding obligations under this Agreement or (v) a Distressed Person has admitted in writing that it is
insolvent or such Distressed Person becomes subject to a Lender-Related Distress Event. 
 “Lender-Related Distress Event”
shall mean, with respect to any Lender or any other Person that directly or indirectly controls such Lender (each, a “Distressed Person”), a voluntary or involuntary case with respect to such Distressed Person under any debt relief
law, or a custodian, conservator, receiver, or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person, or any Person that directly or indirectly controls
such Distressed Person or is subject to a forced liquidation or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any governmental authority having regulatory authority
over such Distressed Person to be, insolvent or bankrupt; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any Lender or any Person
that directly or indirectly controls such Lender by a governmental authority or an instrumentality thereof. 
 “Letter of
Credit” shall mean each standby letter of credit issued pursuant to Section 3.1 and each Existing Letter of Credit. 

“Letter of Credit Commitment” shall mean $40,000,000, as the same may be reduced from time to time pursuant to
Section 3.1. 
 “Letter of Credit Expiration Date” shall mean the day that is five Business Days prior to the
scheduled Maturity Date then in effect for the Revolving Credit Facility. 
 “Letter of Credit Exposure” shall mean, with
respect to any Lender, at any time, the sum of (i) the amount of the principal amount of any Unpaid Drawings in respect of which such Lender has made (or is required to have made) payments to the applicable Letter of Credit Issuer pursuant to
Section 3.4(a) at such time and (ii) such Lender’s Revolving Credit Commitment Percentage of the Letters of Credit Outstanding at such time (excluding the portion thereof consisting of Unpaid Drawings in respect of which the
Lenders have made (or are required to have made) payments to the applicable Letter of Credit Issuer pursuant to Section 3.4(a)). 

“Letter of Credit Fee” shall have the meaning provided in Section 4.1(b). 

“Letter of Credit Issuer” shall mean (i) any such Person identified on Schedule 1.1(b) hereto as a Letter of Credit
Issuer (ii) any of their respective Affiliates or branches and (iii) any replacement, additional issuer, or successor pursuant to Section 3.6. 

  
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 “Letter of Credit Request” shall mean a notice executed and delivered by the
Borrower pursuant to Section 3.2, and substantially in the form of Exhibit L or another form which is acceptable to the applicable Letter of Credit Issuer in its reasonable discretion. 

“Letters of Credit Outstanding” shall mean, at any time the sum of, without duplication, (i) the aggregate Stated Amount
of all outstanding Letters of Credit and (ii) the aggregate amount of the principal amount of all Unpaid Drawings. 
 “Level I
Status” shall mean, on any date, the circumstance that Level II Status does not exist. 
 “Level II Status” shall
mean, on any date, the circumstance that the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is less than or equal to 3.00 to 1.00 as of such date. 

“LIBOR” shall have the meaning provided in the definition of LIBOR Rate. 

“LIBOR Loan” shall mean any Loan bearing interest at a rate determined by reference to the LIBOR Rate. 

“LIBOR Rate” shall mean, 

(i) for any Interest Period with respect to a LIBOR Loan, the rate per annum equal to the London Interbank Offered Rate
(“LIBOR”) set by ICE Benchmark Administration (or the successor thereto) or a comparable or successor rate, which rate is approved by the Administrative Agent, on the applicable Reuters screen page (or such other commercially
available source providing such quotations of LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for
delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; provided that, notwithstanding the foregoing, in no event shall the LIBOR Rate applicable to the Initial Term Loans at any time be less than
1.00% per annum, and 
 (ii) for any interest calculation with respect to an ABR Loan on any date, the rate per annum equal to LIBOR,
at or about 11:00 a.m., London time determined two Business Days prior to such date for Dollar deposits with a term of one month commencing that day; provided that to the extent a comparable or successor rate is approved by the Administrative
Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further, that to the extent such market practice is not administratively feasible for the Administrative Agent,
such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent in consultation with the Borrower. 

“Limited Condition Acquisition” shall mean any acquisition by one or more of the Borrower and its Restricted Subsidiaries of
any assets, business or Person permitted to be acquired by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing. 

“Lien” shall mean with respect to any asset, any mortgage, lien, pledge, hypothecation, charge, security interest,
preference, priority, or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature
thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no
event shall an operating lease or a license to Intellectual Property be deemed to constitute a Lien. 

  
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 “Loan” shall mean any Revolving Loan, Term Loan, Extended Term Loan, New Term
Loan, or any other loan made by any Lender hereunder. 
 “Master Agreement” shall have the meaning provided in the
definition of the term “Hedge Agreement.” 
 “Material Adverse Effect” shall mean a circumstance or condition
affecting the business, assets, operations, properties, or financial condition of Holdings, the Borrower and its Subsidiaries, taken as a whole, that would, individually or in the aggregate, materially adversely affect (i) the ability of
Holdings, the Borrower and the other Credit Parties, taken as a whole, to perform their payment obligations under this Agreement or any of the other Credit Documents or (ii) the rights and remedies of the Administrative Agent and the Lenders
under the Credit Documents. 
 “Material Subsidiary” shall mean, at any date of determination, each Restricted Subsidiary
(i) whose total assets at the last day of the Test Period ending on the last day of the most recent fiscal period for which Section 9.1 Financials have been delivered were equal to or greater than 5.00% of the Consolidated Total Assets of
the Borrower and the Restricted Subsidiaries at such date or (ii) whose revenues during such Test Period were equal to or greater than 5.00% of the consolidated revenues of the Borrower and the Restricted Subsidiaries for such period, in each
case determined in accordance with GAAP; provided that if, at any time and from time to time after the Closing Date, Restricted Subsidiaries that are not Material Subsidiaries (other than Subsidiaries that are Excluded Subsidiaries by virtue
of any of clauses (ii) through (xii) of the definition of “Excluded Subsidiary”) have, in the aggregate, (a) total assets at the last day of such Test Period equal to or greater than 7.50% of the Consolidated Total Assets of
the Borrower and the Restricted Subsidiaries at such date or (b) revenues during such Test Period equal to or greater than 7.50% of the consolidated revenues of the Borrower and the Restricted Subsidiaries for such period, in each case
determined in accordance with GAAP, then the Borrower shall, on the date on which financial statements for such quarter are delivered pursuant to this Agreement, designate in writing to the Administrative Agent one or more of such Restricted
Subsidiaries as Material Subsidiaries for each fiscal period until this proviso is no longer applicable. 
 “Maturity Date”
shall mean the Initial Term Loan Maturity Date, the New Term Loan Maturity Date, the Revolving Credit Maturity Date, the maturity date of an Extended Term Loan or the maturity date of an Extended Revolving Credit Loan, as applicable. 

“Maximum Incremental Facilities Amount” shall mean, at any date of determination, 

(i) the amount such that, after giving effect to the incurrence of such amount the Borrower would be in compliance on a Pro Forma Basis
(including any adjustments required by such definition as a result of a contemplated Permitted Acquisition and, only in the case of a simultaneous incurrence of the maximum amount permitted to be incurred under this clause (i) on the date of
such incurrence together with an incurrence in reliance on clause (ii) below on such date, without giving pro forma effect to such simultaneous incurrence in reliance on clause (ii) below) with the First Lien Secured Leverage Test
(assuming that all Indebtedness incurred pursuant to Section 2.14(a) or Section 10.1(x) prior to or on such date of determination would be included in the definition of Consolidated First Lien Secured Debt, whether or not such Indebtedness
would otherwise be so included and assuming the Incremental Revolving Credit Commitments established at such time are fully drawn) as of the date of such incurrence or, in the case of any such incurrence in connection with a Permitted Acquisition,
as of the date of signing the definitive documentation relating to such Permitted Acquisition, plus 

  
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 (ii) the sum of 

(a) $125,000,000 and 
 (b) the
aggregate amount of voluntary prepayments of Loans (including purchases of the Loans by the Borrower and its Subsidiaries at or below par, in which case the amount of voluntary prepayments of Loans shall be deemed not to exceed the actual purchase
price of such Loans below par) (and in the case of any Loans that are not Term Loans, a corresponding commitment reduction), in each case, other than from proceeds of the incurrence of Indebtedness, minus 

(iii) the sum of (a) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to
such date and (b) the aggregate principal amount of Permitted Other Indebtedness issued or incurred (including any unused commitments obtained) pursuant to Section 10.1(x)(i)(a) prior to such date. 

“Minimum Borrowing Amount” shall mean (i) with respect to a Borrowing of LIBOR Loans, $1,000,000 (or, if less, the
entire remaining applicable Commitments at the time of such Borrowing) and (ii) with respect to a Borrowing of ABR Loans, $1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such Borrowing). 

“Minimum Collateral Amount” shall mean, at any time, (i) with respect to Cash Collateral consisting of cash or Cash
Equivalents or deposit account balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 101% of the Fronting Exposure of each applicable Letter of Credit Issuer with respect to
Letters of Credit issued by it and outstanding at such time and (ii) with respect to Cash Collateral consisting of cash or Cash Equivalents or deposit account balances provided in accordance with the provisions of Section 3.8(a)(i),
(a)(ii), or (a)(iii), an amount equal to 101% of the outstanding amount of all L/C Obligations. 
 “Minimum Tender
Condition” shall have the meaning provided in Section 2.15(b). 
 “Moody’s” shall mean
Moody’s Investors Service, Inc. or any successor by merger or consolidation to its business. 
 “Mortgage” shall mean
a mortgage, deed of trust, deed to secure debt, trust deed, or other security document entered into by the owner of a Mortgaged Property and the Collateral Agent for the benefit of the Secured Parties in respect of that Mortgaged Property to secure
the Obligations, in form and substance reasonably acceptable to the Collateral Agent and the Borrower, together with such terms and provisions as may be required by local laws. 

“Mortgaged Property” shall mean, initially, each parcel of real estate and the improvements thereto owned in fee by a Credit
Party and identified on Schedule 1.1(a), and each other parcel of real property and improvements thereto with respect to which a Mortgage is granted pursuant to Section 9.14. 

“Multiemployer Plan” shall mean a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which any Credit Party
or ERISA Affiliate makes or is obligated to make contributions, or during the five preceding calendar years, has made or been obligated to make contributions. 

  
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 “Net Cash Proceeds” shall mean, with respect to any Prepayment Event and any
incurrence of Permitted Other Indebtedness, (i) the gross cash proceeds (including payments from time to time in respect of installment obligations, if applicable, but only as and when received) received by or on behalf of Holdings, the
Borrower or any of the Restricted Subsidiaries in respect of such Prepayment Event or incurrence of Permitted Other Indebtedness, as the case may be, less (ii) the sum of: 

(a) the amount, if any, of all taxes (including in connection with any repatriation of funds) paid or estimated to be payable
by Holdings, the Borrower or any of the Restricted Subsidiaries in connection with such Prepayment Event or incurrence of Permitted Other Indebtedness, 

(b) the amount of any reasonable reserve established in accordance with GAAP against any liabilities (other than any taxes
deducted pursuant to clause (a) above) (1) associated with the assets that are the subject of such Prepayment Event and (2) retained by Holdings, the Borrower or any of the Restricted Subsidiaries; provided that the
amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such a Prepayment Event occurring on the date of such reduction, 

(c) the amount of any Indebtedness (other than the Loans, the Senior Secured Notes and Permitted Other Indebtedness) secured by
a Lien on the assets that are the subject of such Prepayment Event to the extent that the instrument creating or evidencing such Indebtedness requires that such Indebtedness be repaid upon consummation of such Prepayment Event, 

(d) in the case of any Asset Sale Prepayment Event or Casualty Event or Permitted Sale Leaseback, the amount of any proceeds of
such Prepayment Event that the Borrower or any Restricted Subsidiary has reinvested (or intends to reinvest within the Reinvestment Period or has entered into a binding commitment prior to the last day of the Reinvestment Period to reinvest) in the
business of the Borrower or any of the Restricted Subsidiaries; provided that any portion of such proceeds that has not been so reinvested within such Reinvestment Period (with respect to such Prepayment Event, the “Deferred Net Cash
Proceeds”) shall, unless the Borrower or a Restricted Subsidiary has entered into a binding commitment prior to the last day of such Reinvestment Period to reinvest such proceeds no later than 180 days following the last day of such
Reinvestment Period, (1) be deemed to be Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event, or Permitted Sale Leaseback occurring on the last day of such Reinvestment Period or, if later, 180 days after the date the Borrower
or such Restricted Subsidiary has entered into such binding commitment, as applicable (such last day or 180th day, as applicable, the “Deferred Net Cash Proceeds Payment Date”), and (2) be applied to the repayment of Term Loans
in accordance with Section 5.2(a)(i), 
 (e) in the case of any Asset Sale Prepayment Event, Casualty Event, or
Permitted Sale Leaseback by a non-Wholly-Owned Restricted Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (e)) attributable to minority interests and not available for distribution
to or for the account of the Borrower or a Wholly-Owned Restricted Subsidiary as a result thereof, 
 (f) in the case of any
Asset Sale Prepayment Event or Permitted Sale Leaseback, any funded escrow established pursuant to the documents evidencing any such sale or disposition to secure any indemnification obligations or adjustments to the purchase price associated with
any such sale or disposition; provided that the amount of any subsequent reduction of such escrow 

  
 43 

 
(other than in connection with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such a Prepayment Event occurring on the date of such reduction solely to the
extent that the Borrower and/or any Restricted Subsidiaries receives cash in an amount equal to the amount of such reduction, 

(g) all fees and out of pocket expenses paid by Holdings, the Borrower or a Restricted Subsidiary in connection with any of the
foregoing (for the avoidance of doubt, including, (1) in the case of the issuance of Permitted Other Indebtedness, any fees, underwriting discounts, premiums, and other costs and expenses incurred in connection with such issuance and
(2) attorney’s fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting discounts and commissions, other customary
expenses, and brokerage, consultant, accountant, and other customary fees), and 
 (h) in the case of any Specified Asset
Sale, any Specified Asset Sale Proceeds, 
 in each case only to the extent not already deducted in arriving at the amount referred to in clause
(i) above. 
 “Net Income” shall mean, with respect to any Person, the net income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of preferred stock dividends. 
 “New Contracts”
shall mean binding contracts or purchase orders (i) entered with new customers or (ii) for new business with existing customers, in each case, under which the Borrower and/or its Subsidiaries have begun to provide services to customers,
which are expected to increase the Consolidated Net Income of the Borrower. 
 “New Loan Commitments” shall have the
meaning provided in Section 2.14(a). 
 “New Revolving Credit Commitments” shall have the meaning provided in
Section 2.14(a). 
 “New Revolving Credit Loan” shall have the meaning provided in Section 2.14(b).

 “New Revolving Loan Lender” shall have the meaning provided in Section 2.14(b). 

“New Revolving Loan Repayment Amount” shall have the meaning provided in Section 2.5(c). 

“New Revolving Loan Repayment Date” shall have the meaning provided in Section 2.5(c). 

“New Term Loan” shall have the meaning provided in Section 2.14(c). 

“New Term Loan Commitments” shall have the meaning provided in Section 2.14(a). 

“New Term Loan Lender” shall have the meaning provided in Section 2.14(c). 

“New Term Loan Maturity Date” shall mean the date on which a New Term Loan matures. 

“New Term Loan Repayment Amount” shall have the meaning provided in Section 2.5(c). 

“New Term Loan Repayment Date” shall have the meaning provided in Section 2.5(c). 

  
 44 

 “Non-Bank Tax Certificate” shall have the meaning provided in
Section 5.4(e)(ii)(3). 
 “Non-Consenting Lender” shall have the meaning provided in
Section 13.7(b). 
 “Non-Defaulting Lender” shall mean and include each Lender other than a Defaulting Lender.

 “Non-Extension Notice Date” shall have the meaning provided in Section 3.2(d). 

“Non-U.S. Lender” shall mean any Lender that is not a “United States person” as defined by Section 7701(a)(30)
of the Code. 
 “Notice of Borrowing” shall have the meaning provided in Section 2.3(a). 

“Notice of Conversion or Continuation” shall have the meaning provided in Section 2.6(a). 

“Obligations” shall mean all advances to, and debts, liabilities, obligations, covenants, and duties of, any Credit Party
arising under any Credit Document or otherwise with respect to any Revolving Credit Commitment, Loan, or Letter of Credit or under any Secured Cash Management Agreement, Secured Hedge Agreement (other than with respect to any Credit Party’s
obligations that constitute Excluded Swap Obligations solely with respect to such Credit Party), in each case, entered into with the Borrower or any of the Restricted Subsidiaries, whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any bankruptcy or
insolvency law naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the generality of the foregoing, the Obligations of the Credit Parties under the
Credit Documents (and any of their Subsidiaries to the extent they have obligations under the Credit Documents) include the obligation (including guarantee obligations) to pay principal, interest, charges, expenses, fees, attorney costs,
indemnities, and other amounts payable by any Credit Party under any Credit Document. 
 “Original Revolving Credit
Commitments” shall mean all Revolving Credit Commitments, Existing Revolving Credit Commitments, and Extended Revolving Credit Commitments, other than any New Revolving Credit Commitments (and any Extended Revolving Credit Commitments
related thereto). 
 “Other Taxes” shall mean all present or future stamp, registration, court or documentary Taxes or any
other excise, property, intangible, mortgage recording, filing or similar Taxes arising from any payment made hereunder or under any other Credit Document or from the execution, delivery, performance, enforcement or registration of, or otherwise
with respect to, this Agreement or any other Credit Document; provided that such term shall not include (i) any Taxes that result from an assignment, grant of a participation pursuant to Section 13.6(c) or transfer or
assignment to or designation of a new lending office or other office for receiving payments under any Credit Document (“Assignment Taxes”) to the extent such Assignment Taxes are imposed as a result of a connection between the
assignor/participating Lender and/or the assignee/Participant and the taxing jurisdiction (other than a connection arising solely from any Credit Documents or any transactions contemplated thereunder), except to the extent that any such action
described in this proviso is requested or required by the Borrower or Holdings or (ii) Excluded Taxes. 
 “Overnight
Rate” shall mean, for any day, the greater of (a) the Federal Funds Effective Rate and (b) an overnight rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
 45 

 “Parent Entity” shall mean any Person that is a direct or indirect parent
company (which may be organized as, among other things, a partnership) of Holdings and/or the Borrower, as applicable; provided that for purposes of clauses (i), (ii) and (iv) of the definition of Change of Control,
references to Holdings shall be deemed to refer to any such Parent Entity. 
 “Participant” shall have the meaning provided
in Section 13.6(c)(i). 
 “Participant Register” shall have the meaning provided in
Section 13.6(c)(ii). 
 “Participating Member State” shall mean any member state of the European Union that
adopts or has adopted the Euro as its lawful currency in accordance with legislation of the European Union relating to economic and monetary union. 

“Patriot Act” shall have the meaning provided in Section 13.18. 

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity
performing similar functions. 
 “Pension Plan” shall mean any employee benefit pension plan (as defined in
Section 3(2) of ERISA, but excluding any Multiemployer Plan) in respect of which any Credit Party or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4062 or Section 4069 of ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA. 
 “Perfection Certificate” shall mean a certificate of
Holdings and the Borrower and substantially in the form of Exhibit O or any other form approved by the Administrative Agent. 

“Permitted Acquisition” shall have the meaning provided in clause (iii) of the definition of Permitted
Investment. 
 “Permitted Asset Swap” shall mean the concurrent purchase and sale or exchange of Related Business Assets or
a combination of Related Business Assets and cash or Cash Equivalents between the Borrower or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with
Section 10.4. 
 “Permitted Debt Exchange” shall have the meaning provided in Section 2.15(a). 

“Permitted Debt Exchange Notes” shall have the meaning provided in Section 2.15(a). 

“Permitted Debt Exchange Offer” shall have the meaning provided in Section 2.15(a). 

“Permitted Holders” shall mean each of (i) the Sponsors and members of management of Holdings or the Borrower (or their
respective direct or indirect parent) who are holders of Equity Interests of Holdings (or its direct or indirect parent company) on the Closing Date and any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange
Act or any successor provision) of which any of the foregoing are members; provided that, in the case of such group and without giving effect to the existence of such group or any other group in connection with such determination, the
Sponsors, their respective Affiliates (other than any portfolio company of a Sponsor) and members of management, collectively, have beneficial ownership of more than 50% of the total voting power of the Voting Stock of Holdings or any other direct
or indirect parent company of the Borrower. 

  
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 “Permitted Investments” shall mean: 

(i) any Investment in the Borrower or any Restricted Subsidiary; 

(ii) any Investment in cash, Cash Equivalents, or Investment Grade Securities at the time such Investment is made; 

(iii) (a) any Transactions or Investments otherwise made in connection with the Arcade Transactions and in accordance with
the Arcade Documents and (b) any Investment by the Borrower or any Restricted Subsidiary in a Person that is engaged in a Similar Business if as a result of such Investment (a “Permitted Acquisition”), (1) such Person
becomes a Restricted Subsidiary or (2) such Person, in one transaction or a series of related transactions, is merged, consolidated, or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into,
the Borrower or a Restricted Subsidiary, and, in each case, any Investment held by such Person; provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation, or transfer; 

(iv) any Investment in securities or other assets not constituting cash, Cash Equivalents, or Investment Grade Securities and
received in connection with an Asset Sale made pursuant to Section 10.4 or any other disposition of assets not constituting an Asset Sale; 

(v) (a) any Investment existing or contemplated on the Closing Date and, in each case, listed on Schedule 10.5
and (b) Investments consisting of any modification, replacement, renewal, reinvestment, or extension of any such Investment; provided that the amount of any such Investment is not increased from the amount of such Investment on the
Closing Date except pursuant to the terms of such Investment (including in respect of any unused commitment), plus any accrued but unpaid interest (including any portion thereof which is payable in kind in accordance with the terms of such
modified, extended, renewed, or replaced Investment) and premium payable by the terms of such Indebtedness thereon and fees and expenses associated therewith as of the Closing Date; 

(vi) any Investment acquired by Holdings, the Borrower or any Restricted Subsidiary (a) in exchange for any other
Investment or accounts receivable held by Holdings, the Borrower or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization, or recapitalization of the account debtor or other counterparty in respect
of such other Investment or accounts receivable or (b) as a result of a foreclosure by Holdings, the Borrower or any Restricted Subsidiary with respect to any secured Investment or other transfer of title with respect to any secured Investment
in default; 
 (vii) Hedging Obligations permitted under clause (j) of Section 10.1 and Cash Management
Services; 
 (viii) any Investment in a Similar Business having an aggregate Fair Market Value, taken together with all other
Investments made pursuant to this clause (viii) that are at that time outstanding, not to exceed the greater of (a) $60,000,000 and (b) 25.0% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro
Forma Basis) at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to
this clause (viii) is made in any Person that is not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes a Restricted Subsidiary after such 

  
 47 

 
date, such investment shall thereafter be deemed to have been made pursuant to clause (i) above and shall cease to have been made pursuant to this clause (viii) for so
long as such Person continues to be a Restricted Subsidiary; 
 (ix) Investments the payment for which consists of Equity
Interests of Holdings or any direct or indirect parent company of Holdings (exclusive of Disqualified Stock); provided that such Equity Interests will not increase the amount available for Restricted Payments under clause (iii) of
Section 10.5(a); 
 (x) guarantees of Indebtedness permitted under Section 10.1; 

(xi) any transaction to the extent it constitutes an Investment that is permitted and made in accordance with the provisions of
Section 9.9 (except transactions described in clauses (b) of such paragraph); 
 (xii) Investments
consisting of purchases and acquisitions of inventory, supplies, material, equipment, or other similar assets in the ordinary course of business; 

(xiii) additional Investments having an aggregate Fair Market Value, taken together with all other Investments made pursuant to
this clause (xiii) that are at that time outstanding (without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds of such sale do not consist of cash or marketable securities), not to exceed the greater of
(a) $50,000,000 and (b) 20.0% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made
and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (xiii) is made in any Person that is not a Restricted Subsidiary at the date of the making of such
Investment and such Person becomes a Restricted Subsidiary after such date, such investment shall thereafter be deemed to have been made pursuant to clause (i) above and shall cease to have been made pursuant to this
clause (xiii) for so long as such Person continues to be a Restricted Subsidiary; 
 (xiv) Investments relating
to any Receivables Subsidiary that, in the good faith determination of the board of directors of the Borrower, are necessary or advisable to effect a Receivables Facility or any repurchases in connection therewith; 

(xv) advances to, or guarantees of Indebtedness of, employees not in excess of the greater of (a) $7,500,000 and
(b) 3.00% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such Investment; 

(xvi) (a) loans and advances to officers, directors, managers, and employees for business-related travel expenses, moving
expenses, and other similar expenses, in each case incurred in the ordinary course of business or consistent with past practices or to fund such Person’s purchase of Equity Interests of the Borrower or any direct or indirect parent company
thereof and (b) promissory notes received from stockholders of the Borrower, any direct or indirect parent company of the Borrower or any Subsidiary in connection with the exercise of stock options in respect of the Equity Interests of the
Borrower, any direct or indirect parent company of the Borrower and the Subsidiaries; 
 (xvii) Investments consisting of
extensions of trade credit in the ordinary course of business; 

  
 48 

 (xviii) Investments in the ordinary course of business consisting of Uniform
Commercial Code Article 3 endorsements for collection or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers consistent with past practices; 

(xix) non-cash Investments in connection with tax planning and reorganization activities; provided that after giving
effect to any such activities, the security interests of the Lenders in the Collateral, taken as a whole, would not be materially impaired; and 

(xx) the licensing and contribution of Intellectual Property pursuant to joint marketing arrangements with other Persons, in
the ordinary course of business. 
 “Permitted Liens” shall mean, with respect to any Person: 

(i) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws, or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness), or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for the payment of rent or deposits made to secure obligations arising from contractual or warranty refunds, in each case
incurred in the ordinary course of business; 
 (ii) Liens imposed by law, such as carriers’, warehousemen’s,
materialmen’s, repairmen’s, and mechanics’ Liens, in each case for sums not yet overdue for a period of more than 60 days or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards
against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for review if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(iii) Liens for taxes, assessments, or other governmental charges not yet overdue for a period of more than 60 days or which
are being contested in good faith by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP or are not required to be paid pursuant to
Section 8.11, or for property taxes on property the Borrower or one of its Subsidiaries has determined to abandon if the sole recourse for such tax, assessment, charge, levy, or claim is to such property; 

(iv) Liens in favor of issuers of performance, surety, bid, indemnity, warranty, release, appeal, or similar bonds or with
respect to other regulatory requirements or letters of credit or bankers’ acceptances issued, and completion guarantees provided for, in each case pursuant to the request of and for the account of such Person in the ordinary course of its
business; 
 (v) minor survey exceptions, minor encumbrances, ground leases, easements, or reservations of, or rights of
others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines, and other similar purposes, or zoning, building codes, or other restrictions (including,
without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental, to the conduct of the business of such Person or to the ownership of its properties which were not incurred
in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of such Person; 

  
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 (vi) Liens securing Indebtedness permitted to be incurred pursuant to clause
(a), (b) (in the case of any incurrence of Indebtedness under subclauses (y) and (z) thereunder and so long as such Liens are subject to the First Lien Intercreditor Agreement or the Junior Lien Intercreditor Agreement, as
applicable) (d), (l)(ii), (r), (w) (so long as such Liens are subject to the First Lien Intercreditor Agreement or the Junior Lien Intercreditor Agreement, as applicable), (x) (so long as such Liens are
subject to the Junior Lien Intercreditor Agreement) or (y) (so long as such Liens are subject to the First Lien Intercreditor Agreement or the Junior Lien Intercreditor Agreement, as applicable) of Section 10.1;
provided that, (a) in the case of clause (d) of Section 10.1, such Lien may not extend to any property or equipment (or assets affixed or appurtenant thereto) other than the property or equipment being financed or
refinanced under such clause (d) of Section 10.1, replacements of such property, equipment or assets, and additions and accessions and in the case of multiple financings of equipment provided by any lender, other equipment
financed by such lender; (b) in the case of clause (r) of Section 10.1, such Lien may not extend to any assets other than the assets owned by the Restricted Subsidiaries incurring such Indebtedness; (c) in the case
of Liens securing Permitted Other Indebtedness Obligations that constitute First Lien Obligations pursuant to this clause (vi), the applicable Permitted Other Indebtedness Secured Parties (or a representative thereof on behalf of such
holders) shall enter into security documents with terms and conditions not materially more restrictive to the Credit Parties, taken as a whole, than the terms and conditions of the Security Documents and (1) in the case of the first such
issuance of Permitted Other Indebtedness constituting First Lien Obligations, the Collateral Agent, the Administrative Agent and the representative for the holders of such Permitted Other Indebtedness Obligations shall have entered into the First
Lien Intercreditor Agreement and (2) in the case of subsequent issuances of Permitted Other Indebtedness constituting First Lien Obligations, the representative for the holders of such Permitted Other Indebtedness Obligations shall have become
a party to the First Lien Intercreditor Agreement in accordance with the terms thereof; and (d) in the case of Liens securing Permitted Other Indebtedness Obligations that do not constitute First Lien Obligations pursuant to this clause
(vi), the applicable Permitted Other Indebtedness Secured Parties (or a representative thereof on behalf of such holders) shall enter into security documents with terms and conditions not materially more restrictive to the Credit Parties, taken
as a whole, than the terms and conditions of the Security Documents and shall (x) in the case of the first such issuance of Permitted Other Indebtedness that do not constitute First Lien Obligations, the Collateral Agent, the Administrative
Agent and the representative of the holders of such Permitted Other Indebtedness Obligations shall have entered into the Junior Lien Intercreditor Agreement and (y) in the case of subsequent issuances of Permitted Other Indebtedness that do not
constitute First Lien Obligations, the representative for the holders of such Permitted Other Indebtedness shall have become a party to the Junior Lien Intercreditor Agreement in accordance with the terms thereof; without any further consent of the
Lenders, the Administrative Agent and the Collateral Agent shall be authorized to execute and deliver on behalf of the Secured Parties the First Lien Intercreditor Agreement and the Junior Lien Intercreditor Agreement contemplated by this clause
(vi); 
 (vii) subject to Section 9.14, other than with respect to Mortgaged Property, Liens existing on the
Closing Date; provided that any Lien securing Indebtedness or other obligations in excess of (a) $5,000,000 individually or (b) $10,000,000 in the aggregate (when taken together with all other Liens securing obligations outstanding
in reliance on this clause (b) that are not listed on Schedule 10.2) shall only be permitted if set forth on Schedule 10.2, and, in each case, any modifications, replacements, renewals, or extensions thereof; 

  
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 (viii) Liens on property or shares of stock of a Person at the time such Person
becomes a Subsidiary; provided such Liens are not created or incurred in connection with, or in contemplation of, such other Person becoming a Subsidiary; provided, further, however, that such Liens may not extend to any
other property owned by the Borrower or any Restricted Subsidiary (other than, with respect to such Person, any replacements of such property or assets and additions and accessions thereto, after-acquired property subject to a Lien securing
Indebtedness and other obligations incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require, pursuant to their terms at such time, a pledge of after-acquired property of such Person, and the
proceeds and the products thereof and customary security deposits in respect thereof and in the case of multiple financings of equipment provided by any lender, other equipment financed by such lender, it being understood that such requirement shall
not be permitted to apply to any property to which such requirement would not have applied but for such acquisition); 
 (ix)
Liens on property at the time the Borrower or a Restricted Subsidiary acquired the property, including any acquisition by means of a merger or consolidation with or into the Borrower or any Restricted Subsidiary or the designation of an Unrestricted
Subsidiary as a Restricted Subsidiary; provided that such Liens are not created or incurred in connection with, or in contemplation of, such acquisition, merger, consolidation, or designation; provided, further, however,
that such Liens may not extend to any other property owned by the Borrower or any Restricted Subsidiary (other than, with respect to such property, any replacements of such property or assets and additions and accessions thereto, after-acquired
property subject to a Lien securing Indebtedness and other obligations incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require, pursuant to their terms at such time, a pledge of after-acquired
property, and the proceeds and the products thereof and customary security deposits in respect thereof and in the case of multiple financings of equipment provided by any lender, other equipment financed by such lender, it being understood that such
requirement shall not be permitted to apply to any property to which such requirement would not have applied but for such acquisition); 

(x) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Borrower or another Restricted
Subsidiary permitted to be incurred in accordance with Section 10.1; 
 (xi) Liens securing Hedging Obligations
and Cash Management Services so long as the related Indebtedness is, and is permitted hereunder to be, secured by a Lien on the same property securing such Hedging Obligations and Cash Management Services; 

(xii) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in
respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment, or storage of such inventory or other goods; 

(xiii) leases, subleases, licenses, or sublicenses (including of Intellectual Property) granted to others in the ordinary
course of business which do not materially interfere with the ordinary conduct of the business of the Borrower or any Restricted Subsidiary and do not secure any Indebtedness; 

  
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 (xiv) Liens arising from Uniform Commercial Code financing statement filings
regarding operating leases or consignments entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business; 

(xv) Liens in favor of Holdings, the Borrower, or any other Guarantor; 

(xvi) Liens on equipment of the Borrower or any Restricted Subsidiary granted in the ordinary course of business to the
Borrower’s or such Restricted Subsidiary’s client at which such equipment is located; 
 (xvii) Liens on accounts
receivable and related assets incurred in connection with a Receivables Facility; 
 (xviii) Liens to secure any refinancing,
refunding, extension, renewal, or replacement (or successive refinancing, refunding, extensions, renewals, or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in clauses (vi), (vii),
(viii), (ix), (x), and (xv) of this definition of Permitted Liens; provided that (a) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such
property), and (b) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of (1) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under
clauses (vi), (vii), (viii), (ix), (x), and (xv) at the time the original Lien became a Permitted Lien under this Agreement, and (2) an amount necessary to pay any fees and expenses, including
premiums and accrued and unpaid interest, related to such refinancing, refunding, extension, renewal, or replacement; 

(xix) deposits made or other security provided to secure liabilities to insurance carriers under insurance or self-insurance
arrangements in the ordinary course of business; 
 (xx) other Liens securing obligations which do not exceed the greater of
(a) $60,000,000 and (b) 25.0% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of the incurrence of such Lien; 

(xxi) Liens securing judgments for the payment of money not constituting an Event of Default under Section 11.6 or
Section 11.11; 
 (xxii) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods in the ordinary course of business; 
 (xxiii) Liens
(a) of a collection bank arising under Section 4-210 of the Uniform Commercial Code or any comparable or successor provision on items in the course of collection, (b) attaching to commodity trading accounts or other commodity
brokerage accounts incurred in the ordinary course of business, and (c) in favor of banking or other financial institutions or other electronic payment service providers arising as a matter of law encumbering deposits (including the right of
set-off) and which are within the general parameters customary in the banking or finance industry; 
 (xxiv) Liens deemed to
exist in connection with Investments in repurchase agreements permitted under Section 10.1; provided that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement; 

  
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 (xxv) Liens encumbering reasonable customary initial deposits and margin deposits
and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(xxvi) Liens that are contractual rights of set-off (a) relating to the establishment of depository relations with banks
not given in connection with the issuance of Indebtedness, (b) relating to pooled deposit or sweep accounts of the Borrower or any of the Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the
ordinary course of business of the Borrower and the Restricted Subsidiaries, or (c) relating to purchase orders and other agreements entered into by the Borrower or any of the Restricted Subsidiaries in the ordinary course of business; 

(xxvii) Liens (a) solely on any cash earnest money deposits made by the Borrower or any of the Restricted Subsidiaries in
connection with any letter of intent or purchase agreement permitted under this Agreement or (b) consisting of an agreement to dispose of any property pursuant to a disposition permitted hereunder; 

(xxviii) rights reserved or vested in any Person by the terms of any lease, license, franchise, grant, or permit held by the
Borrower or any of the Restricted Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant, or permit, or to require annual or periodic payments as a condition to the continuance thereof; 

(xxix) restrictive covenants affecting the use to which real property may be put; provided that the covenants are
complied with; 
 (xxx) security given to a public utility or any municipality or governmental authority when required by
such utility or authority in connection with the operations of that Person in the ordinary course of business; 
 (xxxi)
zoning by-laws and other land use restrictions, including, without limitation, site plan agreements, development agreements, and contract zoning agreements; 

(xxxii) Liens arising out of conditional sale, title retention, consignment, or similar arrangements for sale of goods entered
into by the Borrower or any Restricted Subsidiary in the ordinary course of business; 
 (xxxiii) Liens arising under the
Security Documents; 
 (xxxiv) Liens on goods purchased in the ordinary course of business the purchase price of which is
financed by a documentary letter of credit issued for the account of Holdings, the Borrower or any of their Subsidiaries; 

(xxxv) (a) Liens on Equity Interests in joint ventures; provided that any such Lien is in favor of a creditor of
such joint venture and such creditor is not an Affiliate of any partner to such joint venture and (b) purchase options, call, and similar rights of, and restrictions for the benefit of, a third party with respect to Equity Interests held by the
Borrower or any Restricted Subsidiary in joint ventures; 
 (xxxvi) Liens on cash and Cash Equivalents that are earmarked to
be used to satisfy or discharge Indebtedness; provided (a) such cash and/or Cash Equivalents are deposited into an 

  
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account from which payment is to be made, directly or indirectly, to the Person or Persons holding the Indebtedness that is to be satisfied or discharged, (b) such Liens extend solely to the
account in which such cash and/or Cash Equivalents are deposited and are solely in favor of the Person or Persons holding the Indebtedness (or any agent or trustee for such Person or Persons) that is to be satisfied or discharged, and (c) the
satisfaction or discharge of such Indebtedness is expressly permitted hereunder; and 
 (xxxvii) with respect to any Foreign
Subsidiary, other Liens and privileges arising mandatorily by any Requirement of Law. 
 For purposes of this definition, the term Indebtedness shall be
deemed to include interest on such Indebtedness. 
 “Permitted Other Indebtedness” shall mean subordinated or senior
Indebtedness (which Indebtedness may (i) be unsecured, (ii) have the same lien priority as the First Lien Obligations (without regard to control of remedies), or (iii) be secured by a Lien ranking junior to the Lien securing the First
Lien Obligations), in each case issued or incurred by the Borrower or other Guarantor, (a) the terms of which do not provide for any scheduled repayment, mandatory repayment, or redemption or sinking fund obligations prior to, at the time of
incurrence, the Latest Term Loan Maturity Date (other than, in each case, customary offers or obligations to repurchase upon a change of control, asset sale, or casualty or condemnation event, AHYDO payments and customary acceleration rights after
an event of default), (b) the covenants, taken as a whole, are not more restrictive to the Borrower and the other Restricted Subsidiaries than those herein (taken as a whole) (except for covenants applicable only to periods after the Latest
Term Loan Maturity Date at the time of such refinancing) (it being understood that, (1) to the extent that any financial maintenance covenant is added for the benefit of any such Indebtedness, no consent shall be required by the Administrative
Agent or any of the Lenders if such financial maintenance covenant is also added for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence of such Indebtedness or (2) no consent shall be required by the
Administrative Agent or any of the Lenders if any covenants are only applicable after the Latest Term Loan Maturity Date at the time of such refinancing); provided that a certificate of an Authorized Officer of the Borrower delivered to the
Administrative Agent at least five Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and
conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and
conditions satisfy the foregoing requirement unless the Administrative Agent notifies the Borrower within two Business Days after receipt of such certificate that it disagrees with such determination (including a reasonable description of the basis
upon which it disagrees), (c) of which no Subsidiary of Holdings (other than the Borrower or a Guarantor) is an obligor, and (d) that, if secured, are not secured by a Lien on any assets other than the Collateral. 

“Permitted Other Indebtedness Documents” shall mean any document or instrument (including any guarantee, security agreement,
or mortgage and which may include any or all of the Credit Documents) issued or executed and delivered with respect to any Permitted Other Indebtedness by any Credit Party. 

“Permitted Other Indebtedness Obligations” shall mean, if any Permitted Other Indebtedness is issued or incurred, all
advances to, and debts, liabilities, obligations, covenants, and duties of, any Credit Party arising under any Permitted Other Indebtedness Document, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or
to become due, now existing or 

  
 54 

 
hereafter arising, and including interest and fees that accrue after the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any bankruptcy or insolvency
law naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the generality of the foregoing, the Permitted Other Indebtedness Obligations of the
applicable Credit Parties under the Permitted Other Indebtedness Documents (and any of their Restricted Subsidiaries to the extent they have obligations under the Permitted Other Indebtedness Documents) include the obligation (including guarantee
obligations) to pay principal, interest, charges, expenses, fees, attorney costs, indemnities, and other amounts payable by any such Credit Party under any Permitted Other Indebtedness Document. 

“Permitted Other Indebtedness Secured Parties” shall mean the holders from time to time of secured Permitted Other
Indebtedness Obligations (and any representative on their behalf). 
 “Permitted Other Provision” shall have the meaning
provided in Section 2.14(g)(i). 
 “Permitted Sale Leaseback” shall mean any Sale Leaseback consummated by the
Borrower or any of the Restricted Subsidiaries after the Closing Date; provided that any such Sale Leaseback not between the Borrower and a Restricted Subsidiary is consummated for fair value as determined at the time of consummation in good
faith by (i) the Borrower or such Restricted Subsidiary or (ii) in the case of any Sale Leaseback (or series of related Sales Leasebacks) the aggregate proceeds of which exceed the greater of (a) $30,000,000 and (b) 15% of
Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of the incurrence of such Sale Leaseback, the board of directors (or analogous governing body) of the Borrower or such Restricted Subsidiary
(which such determination may take into account any retained interest or other Investment of the Borrower or such Restricted Subsidiary in connection with, and any other material economic terms of, such Sale Leaseback). 

“Person” shall mean any individual, partnership, joint venture, firm, corporation, limited liability company, association,
trust, or other enterprise or any Governmental Authority. 
 “Plan” shall mean, other than any Multiemployer Plan, any
employee benefit plan (as defined in Section 3(3) of ERISA), including any employee welfare benefit plan (as defined in Section 3(1) of ERISA), any employee pension benefit plan (as defined in Section 3(2) of ERISA), and any plan
which is both an employee welfare benefit plan and an employee pension benefit plan, and in respect of which any Credit Party or any ERISA Affiliate is (or, if such Plan were terminated, would under Section 4062 or Section 4069 of ERISA be
reasonably likely to be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Platform” shall
have the meaning provided in Section 13.17(a). 
 “Pledge Agreement” shall mean the Pledge Agreement, entered
into by the Credit Parties party thereto and the Collateral Agent for the benefit of the Secured Parties, substantially in the form of Exhibit C. 

“Post-Acquisition Period” shall mean, with respect to any Permitted Acquisition, the period beginning on the date such
Permitted Acquisition is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition is consummated. 

  
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 “Prepayment Event” shall mean any Asset Sale Prepayment Event, Debt Incurrence
Prepayment Event, Casualty Event, or any Permitted Sale Leaseback. 
 “primary obligor” shall have the meaning provided
such term in the definition of Contingent Obligations. 
 “Prime Rate” shall mean the “prime rate” referred to in
the definition of ABR. 
 “Pro Forma Adjustment” shall mean, for any Test Period that includes all or any part of a fiscal
quarter included in any Post-Acquisition Period, with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated EBITDA of the Borrower,
the pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, projected by the Borrower in good faith as a result of (i) actions taken during such
Post-Acquisition Period for the purposes of realizing reasonably identifiable and factually supportable cost savings or (ii) any additional costs incurred during such Post-Acquisition Period, in each case
in connection with the combination of the operations of such Acquired Entity or Business or Converted Restricted Subsidiary with the operations of the Borrower and the Restricted Subsidiaries; provided that (a) at the election of the
Borrower, such Pro Forma Adjustment shall not be required to be determined for any Acquired Entity or Business or Converted Restricted Subsidiary to the extent the aggregate consideration paid in connection with such acquisition was less than
$10,000,000 and (b) so long as such actions are taken during such Post-Acquisition Period or such costs are incurred during such Post-Acquisition Period, as applicable, it may be assumed, for purposes of projecting such pro forma increase or
decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, that the applicable amount of such cost savings will be realizable during the entirety of such Test Period, or the applicable amount of such additional costs, as
applicable, will be incurred during the entirety of such Test Period; provided, further, that any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, shall be without duplication
for cost savings or additional costs already included in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period. 

“Pro Forma Basis,” “Pro Forma Compliance,” and “Pro Forma Effect” shall mean, with respect
to compliance with any test, financial ratio, or covenant hereunder, that (i) to the extent applicable, the Pro Forma Adjustment shall have been made and (ii) all Specified Transactions and the following transactions in connection
therewith shall be deemed to have occurred as of the first day of the applicable period of measurement in such test or covenant: (a) income statement items (whether positive or negative) attributable to the property or Person subject to such
Specified Transaction, (1) in the case of a sale, transfer, or other disposition of all or substantially all Capital Stock in any Subsidiary of the Borrower or any division, product line, or facility used for operations of the Borrower or any
of its Subsidiaries, shall be excluded, and (2) in the case of a Permitted Acquisition or Investment described in the definition of Specified Transaction, shall be included, (b) any retirement of Indebtedness, and (c) any incurrence
or assumption of Indebtedness by the Borrower or any of the Restricted Subsidiaries in connection therewith (it being agreed that if such Indebtedness has a floating or formula rate, such Indebtedness shall have an implied rate of interest for the
applicable period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination); provided that, without limiting the application of
the Pro Forma Adjustment pursuant to clause (a) above, the foregoing pro forma adjustments may be applied to any such test or covenant solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA
and give effect to operating expense reductions that are (x)(1) directly attributable to such transaction, (2) expected to have a continuing impact on the Borrower or any of the Restricted Subsidiaries, and (3) factually supportable or
(y) otherwise consistent with the definition of Pro Forma Adjustment. 

  
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 “Pro Forma Entity” shall have the meaning provided in the definition of the term
Acquired EBITDA. 
 “Prohibited Transaction” shall have the meaning assigned to such term in Section 406 of ERISA and
Section 4975(c) of the Code. 
 “Public Company Costs” shall mean costs relating to compliance with the provisions of
the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, as applicable to companies with equity or debt securities held by the public, the rules of national securities exchange companies with listed equity or debt
securities, directors’ or managers’ compensation, fees and expense reimbursement, costs relating to investor relations, shareholder meetings and reports to shareholders or debtholders, directors’ and officers’ insurance and other
executive costs, legal and other professional fees, and listing fees. 
 “Qualified Proceeds” shall mean assets that are
used or useful in, or Capital Stock of any Person engaged in, a Similar Business. 
 “Qualified Stock” of any Person shall
mean Capital Stock of such Person other than Disqualified Stock of such Person. 
 “Qualifying IPO” shall mean the issuance
by the Borrower or any Parent Entity of its common Equity Interests in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with
the SEC in accordance with the Securities Act (whether alone or in connection with a secondary public offering) or in a firm commitment underwritten offering (or series of related offerings of securities to the public pursuant to a final prospectus)
made pursuant to the Securities Act. 
 “Real Estate” shall have the meaning provided in Section 9.1(f). 

“Receivables Facility” shall mean any of one or more receivables financing facilities (and any guarantee of such financing
facility by one or more Receivables Subsidiaries), as amended, supplemented, modified, extended, renewed, restated, or refunded from time to time, the obligations of which are non-recourse (except for customary representations, warranties,
covenants, and indemnities made in connection with such facilities) to the Borrower and the Restricted Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Borrower or any Restricted Subsidiary sells, directly or indirectly,
grants a security interest in or otherwise transfers its accounts receivable to either (i) a Person that is not a Restricted Subsidiary or (ii) a Receivables Subsidiary that in turn funds such purchase by purporting to sell its accounts
receivable to a Person that is not a Restricted Subsidiary or by borrowing from such a Person or from another Receivables Subsidiary that in turn funds itself by borrowing from such a Person. 

“Receivables Fee” shall mean distributions or payments made directly or by means of discounts with respect to any accounts
receivable or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility. 

“Receivables Subsidiary” shall mean any Subsidiary formed for the purpose of facilitating or entering into one or more
Receivables Facilities, and in each case engages only in activities reasonably 

  
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related or incidental thereto or another Person formed for the purposes of engaging in a Receivables Facility in which the Borrower or any Subsidiary makes an Investment and to which the Borrower
or any Subsidiary transfers accounts receivables and related assets. 
 “Refinanced Term Loans” shall have the meaning
provided in Section 13.1. 
 “Refinancing Indebtedness” shall have the meaning provided in
Section 10.1(m). 
 “Refinancing Permitted Other Indebtedness” shall have the meaning provided in
Section 10.1(x). 
 “Refinancing Transactions” shall mean (a) the payment in full of all amounts due or
outstanding under the Existing Credit Facilities (other than any Existing Letters of Credit that are deemed to be issued under this Agreement in accordance with the terms hereof), the termination of all commitments thereunder and the release and
discharge of all guarantees thereof and security therefor. 
 “Refunding Capital Stock” shall have the meaning provided in
Section 10.5(b)(2). 
 “Register” shall have the meaning provided in Section 13.6(b)(iv). 

“Regulation T” shall mean Regulation T of the Board as from time to time in effect and any successor to all or a portion
thereof establishing margin requirements. 
 “Regulation U” shall mean Regulation U of the Board as from time to time in
effect and any successor to all or a portion thereof establishing margin requirements. 
 “Regulation X” shall mean
Regulation X of the Board as from time to time in effect and any successor to all or a portion thereof establishing margin requirements. 

“Reimbursement Date” shall have the meaning provided in Section 3.4(a). 

“Reimbursement Obligations” shall mean the Borrower’s obligations to reimburse Unpaid Drawings pursuant to
Section 3.4(a). 
 “Reinvestment Period” shall mean 450 days following the date of receipt of Net Cash Proceeds
of an Asset Sale Prepayment Event, Casualty Event, or Permitted Sale Leaseback. 
 “Rejection Notice” shall have the
meaning provided in Section 5.2(f). 
 “Related Business Assets” shall mean assets (other than cash or Cash
Equivalents) used or useful in a Similar Business; provided that any assets received by the Borrower or the Restricted Subsidiaries in exchange for assets transferred by the Borrower or a Restricted Subsidiary shall not be deemed to be
Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary. 

“Related Fund” shall mean, with respect to any Lender that is a Fund, any other Fund that is advised or managed by
(a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of such entity that administers, advises or manages such Lender. 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the directors,
officers, employees, agents, trustees, and advisors of such Person and any Person that possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of such Person, whether through the ability to
exercise voting power, by contract or otherwise. 

  
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 “Release” shall mean any release, spill, emission, discharge, disposal,
escaping, leaking, pumping, pouring, dumping, emptying, injection, or leaching into the environment. 
 “Removal Effective
Date” shall have the meaning provided in Section 12.9(b). 
 “Reorganization” shall mean, with respect
to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA. 

“Repayment Amount” shall mean the Initial Term Loan Repayment Amount, a New Term Loan Repayment Amount with respect to any
Series, or an Extended Term Loan Repayment Amount with respect to any Extension Series, as applicable. 
 “Replacement Term Loan
Commitment” means the commitments of the Lenders to make Replacement Term Loans. 
 “Replacement Term Loans” shall
have the meaning provided in Section 13.1. 
 “Reportable Event” shall mean any “reportable event”,
as defined in Section 4043(c) of ERISA or the regulations issued thereunder, with respect to a Pension Plan (other than a Pension Plan maintained by an ERISA Affiliate that is considered an ERISA Affiliate only pursuant to subsection
(m) or (o) of Section 414 of the Code), other than those events as to which notice is waived pursuant to DOL Reg. § 4043. 

“Repricing Transaction” shall mean (i) the incurrence by the Borrower of any Indebtedness in the form of a similar term
loan that is broadly marketed or syndicated to banks and other institutional investors (a) having an Effective Yield for the respective Type of such Indebtedness that is less than the Effective Yield for the Initial Term Loans of the respective
equivalent Type, but excluding Indebtedness incurred in connection with a Qualifying IPO, Change of Control or Transformative Acquisition, and (b) the proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or
replace), in whole or in part, outstanding principal of Initial Term Loans or (ii) any effective reduction in the Effective Yield for the Initial Term Loans (e.g., by way of amendment, waiver or otherwise), except for a reduction in
connection with a Qualifying IPO, Change of Control or Transformative Acquisition. Any determination by the Administrative Agent with respect to whether a Repricing Transaction shall have occurred shall be conclusive and binding on all Lenders
holding the Initial Term Loans. 
 “Required Initial Term Loan Lenders” shall mean, at any date, Non-Defaulting Lenders
having or holding a majority of the sum of (i) the Adjusted Total Initial Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Initial Term Loans (excluding Initial Term Loans held by Defaulting
Lenders) at such date. 
 “Required Lenders” shall mean, at any date, (i) Non-Defaulting Lenders having or holding a
majority of the sum of (a) the Adjusted Total Revolving Credit Commitment at such date, (b) the Adjusted Total Term Loan Commitment at such date, and (c) the outstanding principal amount of the Term Loans (excluding Term Loans held by
Defaulting Lenders) at such date or (ii) if the Total Revolving Credit Commitment and the Total Term Loan Commitment have been terminated or for the purposes of acceleration pursuant to Section 11, Non-Defaulting Lenders having or
holding a majority of the outstanding principal amount of the Loans and Letter of Credit Exposure (excluding the Loans and Letter of Credit Exposure of Defaulting Lenders) in the aggregate at such date. 

  
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 “Required Revolving Credit Lenders” shall mean, at any date, Non-Defaulting
Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit
Exposure of Defaulting Lenders) at such time). 
 “Required Term Loan Lenders” shall mean, at any date, Non-Defaulting
Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such
date. 
 “Requirement of Law” shall mean, as to any Person, the certificate of incorporation and by-laws or other
organizational or governing documents of such Person, and any law, treaty, rule, or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or assets or to which such Person or any of its property or assets is subject. 
 “Resignation Effective Date”
shall have the meaning provided in Section 12.9(a). 
 “Restricted Investment” shall mean an Investment other
than a Permitted Investment. 
 “Restricted Payment” shall have the meaning provided in Section 10.5(a). 

“Restricted Subsidiary” shall mean any Subsidiary of the Borrower other than an Unrestricted Subsidiary. 

“Retained Declined Proceeds” shall have the meaning provided in Section 5.2(f). 

“Retired Capital Stock” shall have the meaning provided in Section 10.5(b)(2). 

“Revolving Credit Commitment” shall mean, as to each Revolving Credit Lender, its obligation to make Revolving Credit Loans
to the Borrower pursuant to Section 2.1(b), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth, and opposite such Lender’s name on Schedule 1.1(b) under the caption Revolving
Credit Commitment or in the Assignment and Acceptance pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The
aggregate Revolving Credit Commitments of all Revolving Credit Lenders shall be $105,000,000 on the Closing Date (the “Initial Revolving Credit Commitments”), as such amount may be adjusted from time to time in accordance with the
terms of this Agreement. 
 “Revolving Credit Commitment Percentage” shall mean at any time, for each Lender, the
percentage obtained by dividing (i) such Lender’s Revolving Credit Commitment at such time by (ii) the amount of the Total Revolving Credit Commitment at such time; provided that at any time when the Total Revolving Credit
Commitment shall have been terminated, each Lender’s Revolving Credit Commitment Percentage shall be the percentage obtained by dividing (a) such Lender’s Revolving Credit Exposure at such time by (b) the Revolving Credit
Exposure of all Lenders at such time. 

  
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 “Revolving Credit Exposure” shall mean, with respect to any Lender at any time,
the sum of (i) the aggregate principal amount of Revolving Credit Loans of such Lender then outstanding and (ii) such Lender’s Letter of Credit Exposure at such time. 

“Revolving Credit Facility” shall mean, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving
Credit Commitments at such time. 
 “Revolving Credit Lender” shall mean, at any time, any Lender that has a Revolving
Credit Commitment or Extended Revolving Credit Commitment at such time. 
 “Revolving Credit Loan” shall have the meaning
provided in Section 2.1(b). 
 “Revolving Credit Maturity Date” shall mean September 23, 2019, or, if such
date is not a Business Day, the immediately preceding Business Day; provided that if on July 2, 2017 the aggregate outstanding principal amount of Senior Unsecured Notes that remain outstanding is greater than $250,000,000, the Revolving
Credit Maturity Date shall mean July 2, 2017. 
 “Revolving Credit Termination Date” shall mean the date on which the
Revolving Credit Commitments shall have terminated, no Revolving Credit Loans shall be outstanding and the Letters of Credit Outstanding shall have been reduced to zero or Cash Collateralized. 

“Revolving Loan” shall mean, collectively or individually as the context may require, any (i) Revolving Credit Loan,
(ii) Extended Revolving Credit Loan, (iii) Incremental Revolving Credit Loan, and (iv) Additional Revolving Credit Loan, in each case made pursuant to and in accordance with the terms and conditions of this Agreement. 

“S&P” shall mean Standard & Poor’s Financial Services LLC, a subsidiary of McGraw-Hill Financial, Inc. or
any successor to its rating agency business. 
 “Sale Leaseback” shall mean any arrangement with any Person providing for
the leasing by the Borrower or any Restricted Subsidiary of any real or tangible personal property, which property has been or is to be sold or transferred by the Borrower or such Restricted Subsidiary to such Person in contemplation of such
leasing. 
 “Scotiabank Intercreditor Agreement” shall mean the Intercreditor Agreement entered into by the Administrative
Agent for the ratable benefit of the Lenders and The Bank of Nova Scotia, substantially in form of Exhibit N, as the same may be amended, supplemented or otherwise modified from time to time. 

“Seasonal Revolving Indebtedness” shall mean the lesser of (a) $65,000,000 and (b) the amount of Revolving Credit
Loans outstanding on the last day of the third fiscal quarter in each fiscal year of the Borrower. 
 “SEC” shall mean the
Securities and Exchange Commission or any successor thereto. 
 “Section 2.14 Additional Amendment” shall have the meaning
provided in Section 2.14(g)(iv). 
 “Section 9.1 Financials” shall mean the financial statements delivered, or
required to be delivered, pursuant to Section 9.1(a) or (b) together with the accompanying officer’s certificate delivered, or required to be delivered, pursuant to Section 9.1(d). 

  
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 “Secured Cash Management Agreement” shall mean any Cash Management Agreement
that is entered into by and between the Borrower or any of the Restricted Subsidiaries and any Cash Management Bank, which is specified in writing by the Borrower to the Administrative Agent as constituting a Secured Cash Management Agreement
hereunder. 
 “Secured Cash Management Obligations” shall mean Obligations under Secured Cash Management Agreements. 

“Secured Hedge Agreement” shall mean any Hedge Agreement that is entered into by and between the Borrower or any Restricted
Subsidiary and any Hedge Bank, which is specified in writing by the Borrower to the Administrative Agent as constituting a “Secured Hedge Agreement” hereunder. For purposes of the preceding sentence, a Hedge Bank and the Borrower may
deliver one notice designating all Hedge Agreements entered into pursuant to a specified Master Agreement as “Secured Hedge Agreements”. 

“Secured Hedge Obligations” shall mean Obligations under Secured Hedge Agreements. 

“Secured Parties” shall mean the Administrative Agent, the Collateral Agent, each Letter of Credit Issuer, and each Lender,
in each case with respect to the Credit Facilities, each Hedge Bank that is party to any Secured Hedge Agreement with the Borrower or any Restricted Subsidiary, each Cash Management Bank that is party to a Secured Cash Management Agreement with the
Borrower or any Restricted Subsidiary and each sub-agent pursuant to Section 12 appointed by the Administrative Agent with respect to matters relating to the Credit Facilities or the Collateral Agent with respect to matters relating to
any Security Document. 
 “Security Agreement” shall mean the Security Agreement entered into by the Borrower, the other
grantors party thereto, and the Collateral Agent for the benefit of the Secured Parties, substantially in the form of Exhibit D. 

“Security Documents” shall mean, collectively, the Pledge Agreement, the Security Agreement, the Mortgages, if executed, the
First Lien Intercreditor Agreement, if executed, the Junior Lien Intercreditor Agreement, if executed, and each other security agreement or other instrument or document executed and delivered pursuant to Sections 9.11, 9.12, or
9.14 or pursuant to any other such Security Documents to secure the Obligations. 
 “Senior Second Lien Notes” shall
mean any Senior Second Lien Notes (including, if applicable, any exchange notes) issued in connection with the Senior Unsecured Notes Exchange or issued in a public or private offering for cash in an aggregate principal amount, together with the
aggregate principal amount of Senior Third Lien Notes, not to exceed the aggregate principal amount of the Senior Unsecured Notes outstanding prior to the consummation of the Senior Unsecured Notes Exchange. 

“Senior Secured Notes” shall mean any Senior Second Lien Notes and any Senior Third Lien Notes. 

“Senior Secured Notes Documents” shall mean any Senior Secured Notes Indenture and all other instruments, agreements and
other documents evidencing or governing any Senior Secured Notes or providing for any Guarantee or other right in respect thereof. 

“Senior Secured Notes Indenture” shall mean any indenture with respect to any Senior Secured Notes as the same may be
amended, supplemented or otherwise modified from time to time. 

  
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 “Senior Third Lien Notes” shall mean any Senior Third Lien Notes (including, if
applicable, any exchange notes) issued in connection with the Senior Unsecured Notes Exchange or issued in a public or private offering for cash in an aggregate principal amount, together with the aggregate principal amount of Senior Second Lien
Notes, not to exceed the aggregate principal amount of the Senior Unsecured Notes outstanding prior to the consummation of the Senior Unsecured Notes Exchange. 

“Senior Unsecured Notes” shall have the meaning provided in the preamble of this Agreement. 

“Senior Unsecured Notes Documents” shall mean the Senior Unsecured Notes Indenture and all other instruments, agreements and
other documents evidencing or governing the Senior Unsecured Notes or providing for any Guarantee or other right in respect thereof. 

“Senior Unsecured Notes Exchange” shall have the meaning provided the preamble to this Agreement. 

“Senior Unsecured Notes Indenture” shall mean the Indenture dated as of September 17, 2010, among the Borrower, the
guarantors party thereto and U.S. Bank National Association, as trustee, pursuant to which the Senior Unsecured Notes were issued, as the same may be amended, supplemented or otherwise modified from time to time. 

“Series” shall have the meaning provided in Section 2.14(a). 

“Significant Subsidiary” shall mean, at any date of determination, (a) any Restricted Subsidiary whose gross revenues
(when combined with the gross revenues of such Restricted Subsidiary’s Subsidiaries after eliminating intercompany obligations) for the Test Period most recently ended on or prior to such date were equal to or greater than 10% of the
consolidated gross revenues of the Borrower and the Restricted Subsidiaries for such period, determined in accordance with GAAP or (b) each other Restricted Subsidiary that, when such Restricted Subsidiary’s total gross revenues (when
combined with the total gross revenues of such Restricted Subsidiary’s Subsidiaries after eliminating intercompany obligations) are aggregated with each other Restricted Subsidiary (when combined with the total gross revenues of such Restricted
Subsidiary’s Subsidiaries after eliminating intercompany obligations) that is the subject of an Event of Default described in Section 11.5 would constitute a “Significant Subsidiary” under clause (a) above. 

“Similar Business” shall mean any business conducted or proposed to be conducted by the Borrower and the Restricted
Subsidiaries on the Closing Date or any business that is similar, reasonably related, synergistic, incidental, or ancillary thereto. 

“Sold Entity or Business” shall have the meaning provided in the definition of the term Consolidated EBITDA. 

“Solvent” shall mean, after giving effect to the consummation of the Transactions, (i) the sum of the liabilities
(including contingent liabilities) of the Borrower and its Restricted Subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of the Borrower and its Restricted Subsidiaries, on a consolidated
basis; (ii) the fair value of the property of the Borrower and its Restricted Subsidiaries, on a consolidated basis, is greater than the total amount of liabilities (including contingent liabilities) of the Borrower and its Restricted
Subsidiaries, on a consolidated basis; (iii) the capital of the Borrower and its Restricted Subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the date hereof; and (iv) the
Borrower and its Restricted Subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations beyond their ability to pay such debts as they become due (whether
at maturity or otherwise). 

  
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 “Specified Asset Sale” shall mean the sale or transfer of all or substantially
all of the property, business of, or controlling interest in the Voting Stock of, any Subsidiary, business segment or unit within a business segment not included in the Jostens Business. 

“Specified Asset Sale Proceeds” shall mean 50% of the Net Cash Proceeds (without regard to subclause (h) of the
definition thereof) of any Specified Asset Sale, provided that (i) no such Net Cash Proceeds shall be used for the payment of a dividend and shall otherwise be used in compliance with the Senior Unsecured Notes Indenture, any Senior Secured
Notes Indenture and any other applicable Permitted Other Indebtedness Documents as in effect on the date of any such Specified Asset Sale and (ii) the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, calculated on a Pro Form
Basis after giving effect to such Specified Asset Sale and the use of proceeds in connection therewith, as of the last day of the most recent Test Period for which Section 9.1 Financials have been delivered does not exceed 3.25:1.00. 

“Specified Existing Revolving Credit Commitment” shall have the meaning provided in Section 2.14(g)(ii). 

“Specified Transaction” shall mean, with respect to any period, any Investment (including a Permitted Acquisition), any asset
sale, incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation, New Term Loan, Incremental Revolving Credit Commitment, or other event that in each case by the terms of this Agreement requires Pro Forma Compliance with a
test or covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis. 
 “Sponsor” shall mean
any of each of DLJMB and KKR and their respective Affiliates but excluding portfolio companies of any of the foregoing. 
 “Sponsor
Management Agreement” shall mean the management agreement between certain of the management companies associated with the Sponsors and the Borrower dated as of October 4, 2004, as amended, amended and restated or otherwise modified
from time to time. 
 “Spot Rate” for any currency shall mean the rate determined by the Administrative Agent to be the
rate quoted by the Administrative Agent as the spot rate for the purchase by the Administrative Agent of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business
Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent if it does not have as of
the date of determination a spot buying rate for any such currency. 
 “SPV” shall have the meaning provided in
Section 13.6(g). 
 “Stated Amount” of any Letter of Credit shall mean the maximum amount from time to time
available to be drawn thereunder, determined without regard to whether any conditions to drawing could then be met; provided, however, that with respect to any Letter of Credit that by its terms or the terms of any Issuer Document
provides for one or more automatic increases in the stated amount thereof, the Stated Amount shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated
amount is in effect at such time. 

  
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 “Status” shall mean the existence of Level I Status or Level II Status, as the
case may be, on such date. Changes in Status resulting from changes in the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio shall become effective as of the first day following each date that (i) Section 9.1 Financials for
the first full fiscal quarter ended after the Closing Date are delivered to the Administrative Agent under Section 9.1 and (ii) an officer’s certificate is delivered by Holdings or the Borrower to the Administrative Agent
setting forth, with respect to such Section 9.1 Financials, the then-applicable Status, and shall remain in effect until the next change to be effected pursuant to this definition; provided that each determination of the Consolidated
First Lien Secured Debt to Consolidated EBITDA Ratio pursuant to this definition shall be made as of the end of the Test Period ending at the end of the fiscal period covered by the relevant Section 9.1 Financials. 

“Stock Equivalents” shall mean all securities convertible into or exchangeable for Capital Stock and all warrants, options,
or other rights to purchase or subscribe for any Capital Stock, whether or not presently convertible, exchangeable, or exercisable. 

“Subordinated Indebtedness” shall mean Indebtedness of Holdings, the Borrower, or any other Guarantor that is by its terms
subordinated in right of payment to the obligations of Holdings, the Borrower, or such Guarantor, as applicable, under this Agreement or the Guarantee, as applicable. 

“Subsidiary” of any Person shall mean and include (i) any corporation more than 50% of whose Capital Stock of any class
or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time Capital Stock of any class or classes of such corporation shall have or might have
voting power by reason of the happening of any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries, or (ii) any limited liability company, partnership, association, joint venture, or other entity of
which such Person directly or indirectly through Subsidiaries has more than a 50% equity interest at the time. Unless otherwise expressly provided, all references herein to a Subsidiary shall mean a Subsidiary of the Borrower. 

“Successor Borrower” shall have the meaning provided in Section 10.3(a). 

“Swap Obligation” shall mean, with respect to any Credit Party, any obligation to pay or perform under any agreement,
contract, or transaction that constitutes a “swap” within the meaning of section 1(a)(47) of the Commodity Exchange Act. 

“Taxes” shall mean any and all present or future taxes, duties, levies, imposts, assessments, deductions, withholdings
(including backup withholding), fees, or other similar charges imposed by any Governmental Authority and any interest, fines, penalties, or additions to tax with respect to the foregoing. 

“Term Loan Commitment” shall mean, with respect to each Lender, such Lender’s Initial Term Loan Commitment, and, if
applicable, New Term Loan Commitment with respect to any Series and Replacement Term Loan Commitment with respect to any Series. 

“Term Loan Extension Request” shall have the meaning provided in Section 2.14 (g)(i). 

“Term Loan Lender” shall mean, at any time, any Lender that has a Term Loan Commitment or an outstanding Term Loan. 

  
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 “Term Loans” shall mean the Initial Term Loans, any New Term Loans, any
Replacement Term Loans, and any Extended Term Loans, collectively. 
 “Terminated Contracts” shall mean binding contracts
with customers that have terminated (whether on or before their stated expiration). 
 “Test Period” shall mean, for any
determination under this Agreement, the four consecutive fiscal quarters of the Borrower then last ended and for which Section 9.1 Financials shall have been delivered (or were required to be delivered) to the Administrative Agent (or, before
the first delivery of Section 9.1 Financials, the most recent period of four fiscal quarters at the end of which financial statements are available). 

“Title Policy” shall have the meaning provided in Section 9.14(d)(ii). 

“Total Credit Exposure” shall mean, at any date, the sum, without duplication, of (i) the Total Revolving Credit
Commitment at such date (or, if the Total Revolving Credit Commitment shall have terminated on such date, the aggregate Revolving Credit Exposure of all Lenders at such date), (ii) the Total Term Loan Commitment at such date, and
(iii) without duplication of clause (ii), the aggregate outstanding principal amount of all Term Loans at such date. 

“Total Initial Term Loan Commitment” shall mean the sum of the Initial Term Loan Commitments of all Lenders. 

“Total Revolving Credit Commitment” shall mean the sum of the Revolving Credit Commitments of all the Lenders. 

“Total Term Loan Commitment” shall mean the sum of the Initial Term Loan Commitments, and the New Term Loan Commitments, if
applicable, of all the Lenders. 
 “Transaction Expenses” shall mean any fees, costs, or expenses incurred or paid by
Holdings, the Borrower, or any of their respective Affiliates in connection with the Transactions, this Agreement, the other Credit Documents and the transactions contemplated hereby and thereby. 

“Transactions” shall have the meaning provided in the preamble to this Agreement. 

“Transferee” shall have the meaning provided in Section 13.6(e). 

“Transformative Acquisition” shall mean any acquisition by Holdings, the Borrower or any other Restricted Subsidiary that
(i) is not permitted by the terms of the Credit Documents immediately prior to the consummation of such acquisition or (ii) if permitted by the terms of the Credit Documents immediately prior to the consummation of such acquisition, would
not provide Holdings, the Borrower and the other Restricted Subsidiaries with adequate flexibility under the Credit Documents for the continuation and/or expansion of their combined operations following such consummation, as determined by the
Borrower acting in good faith. 
 “Trigger Date” shall mean the day following the date on which Section 9.1 Financials
are delivered to the Administrative Agent for the fiscal quarter ending on September 27, 2014. 
 “Type” shall mean
(i) as to any Term Loan, its nature as an ABR Loan or a LIBOR Loan and (ii) as to any Revolving Loan, its nature as an ABR Loan or a LIBOR Loan. 

  
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 “UCC” shall mean the Uniform Commercial Code as in effect in the State of New
York or any other applicable jurisdiction. 
 “UCP” shall mean, with respect to any Letter of Credit, the Uniform Customs
and Practice for Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance and subject to which such Letter of Credit was
issued). 
 “Unpaid Drawing” shall have the meaning provided in Section 3.4(a). 

“Unrestricted Subsidiary” shall mean (i) any Subsidiary of the Borrower which at the time of determination is an
Unrestricted Subsidiary (as designated by the board of directors of the Borrower, as provided below) and (ii) any Subsidiary of an Unrestricted Subsidiary. 

The board of directors of the Borrower may designate any Subsidiary of the Borrower (including any existing Subsidiary and any newly acquired
or newly formed Subsidiary) other than a Subsidiary of Holdings that is a direct or indirect parent of the Borrower to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or
owns or holds any Lien on, any property of, the Borrower or any Subsidiary of the Borrower (other than any Subsidiary of the Subsidiary to be so designated or an Unrestricted Subsidiary); provided that: 

(a) such designation complies with Section 10.5; and 

(b) each of (1) the Subsidiary to be so designated and (2) its Subsidiaries has not at the time of designation, and
does not thereafter, create, incur, issue, assume, guarantee, or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the Borrower or any Restricted
Subsidiary. 
 The board of directors of the Borrower may designate any Unrestricted Subsidiary to be a Restricted
Subsidiary; provided that, immediately after giving effect to such designation no Event of Default shall have occurred and be continuing and either: (i) the Borrower could incur at least $1.00 of additional Indebtedness pursuant to the
Consolidated Total Debt to Consolidated EBITDA Ratio test set forth in the first paragraph of Section 10.1 or (ii) the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio for the Borrower and the Restricted
Subsidiaries would be less than or equal to such ratio for the Borrower and the Restricted Subsidiaries immediately prior to such designation, in each case on a Pro Forma Basis taking into account such designation. 

Any such designation by the board of directors of the Borrower shall be notified by the Borrower to the Administrative Agent by promptly
delivering to the Administrative Agent a copy of the Board Resolution giving effect to such designation and a certificate of an Authorized Officer of the Borrower certifying that such designation complied with the foregoing provisions. 

“U.S.” and “United States” shall mean the United States of America. 

“U.S. Lender” shall have the meaning provided in Section 5.4(e)(ii)(A). 

“Visant Model” shall mean the Borrower’s financial model dated July 28, 2014 used in connection with the
syndication of the Facilities. 

  
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 “Voting Stock” shall mean, with respect to any Person as of any date, the
Capital Stock of such Person that is at the time entitled to vote in the election of the board of directors of such Person. 

“Wholly-Owned Restricted Subsidiary” of any Person shall mean a Restricted Subsidiary of such Person, 100% of the outstanding
Capital Stock or other ownership interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person. 

“Wholly-Owned Subsidiary” of any Person shall mean a Subsidiary of such Person, 100% of the outstanding Capital Stock or
other ownership interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person. 

“Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Title IV of ERISA. 
 “Withholding Agent” shall mean any Credit Party, the
Administrative Agent and, in the case of any U.S. federal withholding Tax, any other applicable withholding agent. 
 1.2 Other
Interpretive Provisions. With reference to this Agreement and each other Credit Document, unless otherwise specified herein or in such other Credit Document: 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b) The words “herein”, “hereto”, “hereof”, and “hereunder” and words of similar import
when used in any Credit Document shall refer to such Credit Document as a whole and not to any particular provision thereof. 

(c) Section, Exhibit, and Schedule references are to the Credit Document in which such reference appears. 

(d) The term “including” is by way of example and not limitation. 

(e) The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports,
financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (f) In the computation
of periods of time from a specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word
“through” means “to and including”. 
 (g) Section headings herein and in the other Credit Documents are
included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Credit Document. 

(h) The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to
any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 (i)
All references to “knowledge” or “awareness” of any Credit Party or any Restricted Subsidiary thereof means the actual knowledge of an Authorized Officer of such Credit Party or such Restricted Subsidiary. 

  
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 1.3 Accounting Terms. 

(a) Except as expressly provided herein, all accounting terms not specifically or completely defined herein shall be construed in conformity
with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, applied in a consistent manner. 

(b) Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test or covenant contained in this
Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated Total Debt to Consolidated EBITDA Ratio, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, and the First Lien Secured Leverage
Test shall each be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis. 
 (c) Where reference is
made to “the Borrower and the Restricted Subsidiaries on a consolidated basis” or similar language, such consolidation shall not include any Subsidiaries of the Borrower other than Restricted Subsidiaries. 

1.4 Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement (or required to be satisfied in
order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number. 
 1.5 References to Agreements Laws, Etc. Unless otherwise
expressly provided herein, (a) references to organizational documents, agreements (including the Credit Documents), and other Contractual Requirements shall be deemed to include all subsequent amendments, restatements, amendment, and
restatements, extensions, supplements, modifications, replacements, refinancings, renewals, or increases, but only to the extent that such amendments, restatements, amendment, and restatements, extensions, supplements, modifications, replacements,
refinancings, renewals, or increases are permitted by the Credit Documents; and (b) references to any Requirement of Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing, or interpreting
such Requirement of Law. 
 1.6 Exchange Rates. Notwithstanding the foregoing, for purposes of any determination under
Section 9, Section 10 or Section 11 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding, or proposed to be
incurred or outstanding in currencies other than Dollars shall be translated into Dollars at the Spot Rate; provided, however, that for purposes of determining compliance with Section 10 with respect to the amount of any
Indebtedness, Restricted Investment, Lien, Asset Sale, or Restricted Payment in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the
time such Indebtedness, Lien or Restricted Investment is incurred or Asset Sale or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.6 shall otherwise apply to such
Sections, including with respect to determining whether any Indebtedness, Lien, or Investment may be incurred or Asset Sale or Restricted Payment made at any time under such Sections. For purposes of any determination of

  
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Consolidated Total Debt or Consolidated First Lien Secured Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the
most recently delivered Section 9.1 Financials. 
 1.7 Rates. The Administrative Agent does not warrant, nor accept
responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission, or any other matter related to the rates in the definition of LIBOR Rate or with respect to any comparable or successor rate
thereto. 
 1.8 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time
(daylight or standard, as applicable). 
 1.9 Timing of Payment or Performance. Except as otherwise provided herein, when the payment
of any obligation or the performance of any covenant, duty, or obligation is stated to be due or performance required on (or before) a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest
Period) or performance shall extend to the immediately succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

1.10 Certifications. All certifications to be made hereunder by an officer or representative of a Credit Party shall be made by such a
Person in his or her capacity solely as an officer or a representative of such Credit Party, on such Credit Party’s behalf and not in such Person’s individual capacity. 

1.11 Compliance with Certain Sections. In the event that any Lien, Investment, Indebtedness (whether at the time of incurrence or upon
application of all or a portion of the proceeds thereof), disposition, Restricted Payment, Affiliate transaction, Contractual Requirement, or prepayment of Indebtedness meets the criteria of one or more than one of the categories of transactions
then permitted pursuant to any clause or subsection of Section 9.9 or subsections of Section 10, such transaction (or portion thereof) at any time shall be permitted under one or more of such clauses as determined by the
Borrower in its sole discretion at such time. 
 1.12 Pro Forma and Other Calculations. 

(a) For purposes of calculating the Consolidated Total Debt to Consolidated EBITDA Ratio, the Consolidated First Lien Secured Debt to
Consolidated EBITDA Ratio, the First Lien Secured Leverage Test, Investments, acquisitions, dispositions, mergers, consolidations, and disposed operations (as determined in accordance with GAAP) that have been made by the Borrower or any Restricted
Subsidiary during the Test Period or subsequent to such Test Period and on or prior to or simultaneously with the date of determination shall be calculated on a Pro Forma Basis assuming that all such Investments, acquisitions, dispositions, mergers,
consolidations, and disposed operations (and the change in Consolidated EBITDA resulting therefrom) had occurred on the first day of the Test Period. If since the beginning of such period any Person (that subsequently became a Restricted Subsidiary
or was merged with or into the Borrower or any Restricted Subsidiary since the beginning of such period) shall have made any Investment, acquisition, disposition, merger, consolidation, or disposed operation that would have required adjustment
pursuant to this definition, then the Consolidated Total Debt to Consolidated EBITDA Ratio, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio and the First Lien Secured Leverage Test shall be calculated giving Pro Forma Effect
thereto for such Test Period as if such Investment, acquisition, disposition, merger, consolidation, or disposed operation had occurred at the beginning of the Test Period. 

  
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 (b) Whenever Pro Forma Effect is to be given to a transaction, the pro forma calculations shall
be made in good faith by a responsible financial or accounting officer of the Borrower (and may include, for the avoidance of doubt and without duplication, cost savings, and operating expense reductions resulting from such Investment, acquisition,
merger, or consolidation which is being given Pro Forma Effect that have been or are expected to be realized; provided that such costs savings and operating expense reductions are made in compliance with the definition of Pro Forma Adjustment). If
any Indebtedness bears a floating rate of interest and is being given Pro Forma Effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period
(taking into account for such entire period, any Hedging Obligation applicable to such Indebtedness with a remaining term of 12 months or longer, and in the case of any Hedging Obligation applicable to such Indebtedness with a remaining term of less
than 12 months, taking into account such Hedging Obligation to the extent of its remaining term). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting
officer of the Borrower to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility
computed on a Pro Forma Basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period (or, if lower, the greater of (i) maximum commitments under such revolving credit facilities as of the date
of determination and (ii) the aggregate principal amount of loans outstanding under such a revolving credit facilities on such date). Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime
or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Borrower may designate. 

(c) In the event that the Borrower or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires, or extinguishes any
Indebtedness or issues or redeems Disqualified Stock or preferred stock subsequent to the commencement of the Test Period but prior to or simultaneously with the date of determination, then the Consolidated Total Debt to Consolidated EBITDA Ratio,
the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio and the First Lien Secured Leverage Test shall be calculated giving Pro Forma Effect to such incurrence, assumption, guarantee, redemption, retirement, or extinguishment of
Indebtedness, or such issuance or redemption of Disqualified Stock or preferred stock (in each case, including a pro forma application of the net proceeds therefrom), as if the same had occurred at the beginning of the Test Period; provided,
however, that Pro Forma Effect shall not give effect to any Indebtedness incurred on the date of such determination (except pursuant to the first paragraph of Section 10.1 and Section 10.1(n)). 

(d) In connection with any action being taken solely in connection with a Limited Condition Acquisition, for purposes of (i) determining
compliance with any provision of this Agreement which requires the calculation of the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio or the Consolidated Total Debt to Consolidated EBITDA Ratio or (ii) testing availability
under baskets set forth in this agreement (including baskets measured as a percentage of Consolidated EBITDA or Consolidated Total Assets); in each case, at the option of the Borrower (the Borrower’s election to exercise such option in
connection with any Limited Condition Acquisition, an “LCA Election”), the date of determination of whether any such action is permitted hereunder, shall be deemed to be the date the definitive agreements for such Limited Condition
Acquisition are entered into (the “LCA Test Date”), and if, after giving Pro Forma Effect to the Limited Condition Acquisition and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness
and the use of proceeds thereof) as if they had occurred at the beginning of the most recent Test Period ending prior to the LCA Test Date, the Borrower could have taken such action on the relevant LCA Test Date in compliance with such ratio or
basket, such ratio or basket shall be deemed to have been complied with. For the avoidance 

  
 71 

 
of doubt, if the Borrower has made an LCA Election and any of the ratios or baskets for which compliance was determined or tested as of the LCA Test Date are exceeded as a result of fluctuations
in any such ratio or basket, including due to fluctuations in Consolidated EBITDA or Consolidated Total Assets of the Borrower or the Person subject to such Limited Condition Acquisition, at or prior to the consummation of the relevant transaction
or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations. If the Borrower has made an LCA Election for any Limited Condition Acquisition, then in connection with any subsequent calculation of any
ratio or basket availability with respect to the incurrence of Indebtedness or Liens, or the making of Restricted Payments, mergers, the conveyance, lease or other transfer of all or substantially all of the assets of the Borrower, the prepayment,
redemption, purchase, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted Subsidiary on or following the relevant LCA Test Date and prior to the earlier of the date on which such Limited Condition Acquisition is
consummated or the date that the definitive agreement for such Limited Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition, any such ratio or basket shall be calculated on a Pro Forma Basis
assuming such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated. 

(e) Notwithstanding anything to the contrary in this Section 1.12 or in any classification under GAAP of any Person, business, assets or
operations in respect of which a definitive agreement for the disposition thereof has been entered into as discontinued operations, no Pro Forma Effect shall be given to any discontinued operations (and the EBITDA attributable to any such Person,
business, assets or operations shall not be excluded for any purposes hereunder) until such disposition shall have been consummated. 
 (f)
Any determination of Consolidated Total Assets shall be made by reference to the last day of the Test Period most recently ended on or prior to the relevant date of determination. 

 

	Section 2.	Amount and Terms of Credit 

 2.1 Commitments. 

(a) Subject to and upon the terms and conditions herein set forth, each Lender having an Initial Term Loan Commitment severally agrees to make
a loan or loans (each, an “Initial Term Loan”) to the Borrower on the Closing Date, which Initial Term Loans shall not exceed for any such Lender the Initial Term Loan Commitment of such Lender and in the aggregate shall not exceed
$775,000,000. Such Term Loans (i) may at the option of the Borrower be incurred and maintained as, and/or converted into, ABR Loans or LIBOR Loans; provided that all Term Loans made by each of the Lenders pursuant to the same Borrowing
shall, unless otherwise specifically provided herein, consist entirely of Term Loans of the same Type, (ii) may be repaid or prepaid (without premium or penalty) in accordance with the provisions hereof, but once repaid or prepaid, may not be
reborrowed, (iii) shall not exceed for any such Lender the Initial Term Loan Commitment of such Lender, and (iv) shall not exceed in the aggregate the Total Initial Term Loan Commitments. On the Initial Term Loan Maturity Date, all then
unpaid Initial Term Loans shall be repaid in full in Dollars. 
 (b) Subject to and upon the terms and conditions herein set forth, each
Revolving Credit Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower from its applicable lending office (each such loan, a “Revolving Credit Loan”) in an aggregate principal amount not to
exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment, provided that any of the foregoing such Revolving Credit Loans (A) shall be made at any

  
 72 

 
time and from time to time on and after the Closing Date and prior to the Revolving Credit Maturity Date, (B) may, at the option of the Borrower be incurred and maintained as, and/or
converted into, ABR Loans (solely in the case of Revolving Credit Loans denominated in Dollars) or LIBOR Loans that are Revolving Credit Loans; provided that all Revolving Credit Loans made by each of the Lenders pursuant to the same
Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Credit Loans of the same Type, (C) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (D) shall
not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure in respect of any Class of Revolving Loans at such time exceeding
such Revolving Credit Lender’s Revolving Credit Commitment in respect of such Class of Revolving Loan at such time and (E) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the
aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures of
any Class of Revolving Loans at such time exceeding the aggregate Revolving Credit Commitment with respect to such Class. 
 (c)
[Reserved]. 
 (d) [Reserved]. 

(e) [Reserved]. 
 2.2
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Term Loans or Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of
Loans and in a multiple of $100,000 in excess thereof (except that Revolving Credit Loans shall be made to reimburse any Letter of Credit Issuer with respect to any Unpaid Drawing in the amounts required by Section 3.3 or
Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than five Borrowings of LIBOR Loans that are Term Loans and fifteen Borrowings of LIBOR
Loans that are Revolving Credit Loans under this Agreement. 
 2.3 Notice of Borrowing. 

(a) The Borrower shall give the Administrative Agent at the Administrative Agent’s Office prior to 12:00 p.m. (New York City time) at
least one Business Day’s prior written notice in the case of a Borrowing of Initial Term Loans to be made on the Closing Date if such Initial Term Loans are to be LIBOR Loans or ABR Loans. Such notice (a “Notice of Borrowing”)
shall specify (A) the aggregate principal amount of the Term Loans to be made, (B) the date of the Borrowing (which shall be the Closing Date) and (C) whether the Term Loans shall consist of ABR Loans and/or LIBOR Loans and, if the
Term Loans are to include LIBOR Loans, the Interest Period to be initially applicable thereto. If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period
with respect to any Borrowing of LIBOR Loans is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly advise the applicable Lenders
of any notice given pursuant to this Section 2.3 (and the contents thereof), and of each Lender’s pro rata share of the requested Borrowing. 

(b) Whenever the Borrower desires to incur Revolving Credit Loans (other than borrowings to repay Unpaid Drawings), the Borrower shall give
the Administrative Agent at the Administrative Agent’s Office, (i) prior to 12:00 noon (New York City time) at least three Business Days’ prior written 

  
 73 

 
notice of each Borrowing of LIBOR Loans that are Revolving Credit Loans and (ii) prior to 10:00 a.m. (New York City time) on the day of such Borrowing prior written notice of each Borrowing
of Revolving Credit Loans that are ABR Loans. Each such Notice of Borrowing, except as otherwise expressly provided in Section 2.10, shall specify (x) the aggregate principal amount of the Revolving Credit Loans to be made pursuant
to such Borrowing, (y) the date of Borrowing (which shall be a Business Day) and (z) whether the respective Borrowing shall consist of ABR Loans or LIBOR Loans that are Revolving Credit Loans and, if LIBOR Loans that are Revolving Credit
Loans, the Interest Period to be initially applicable thereto. The Administrative Agent shall promptly give each Revolving Credit Lender written notice of each proposed Borrowing of Revolving Credit Loans, of such Lender’s Revolving Credit
Commitment Percentage thereof, of the identity of the Borrower, and of the other matters covered by the related Notice of Borrowing. 
 (c)
[Reserved]. 
 (d) [Reserved]. 

(e) Borrowings to reimburse Unpaid Drawings shall be made upon the notice specified in Section 3.4(a). 

(f) Without in any way limiting the obligation of the Borrower to confirm in writing any notice it shall give hereunder by telephone (which
obligation is absolute), the Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Administrative Agent in good faith to be from an Authorized Officer of
Holdings or the Borrower. 
 2.4 Disbursement of Funds 

(a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing, each Lender shall make available its pro
rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Closing Date, such funds may be made available at such earlier time as may be agreed among the Lenders, Holdings, and
the Administrative Agent for the purpose of consummating the Transactions. 
 (b) Each Lender shall make available all amounts it is to fund
to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds, to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Borrowings to
repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by Holdings or the Borrower to the Administrative Agent the aggregate of the amounts so made available in Dollars. Unless the Administrative Agent shall
have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may
assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make
available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative
Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the
Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in Dollars. The 

  
 74 

 
Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was
made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the
Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. 

(c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or
to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its
commitments hereunder). 
 2.5 Repayment of Loans; Evidence of Debt 

(a) The Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the Initial Term Loan Maturity Date,
the then-outstanding Initial Term Loans. The Borrower shall repay to the Administrative Agent for the benefit of the Revolving Credit Lenders, on the Revolving Credit Maturity Date, the then outstanding Revolving Credit Loans. 

(b) The Borrower shall repay to the Administrative Agent for the benefit of the Revolving Credit Lenders, on each Extended Revolving Loan
Maturity Date, the then outstanding amount of Extended Revolving Credit Loans. The Borrower shall repay to the Administrative Agent, in Dollars, for the benefit of the Initial Term Loan Lenders, on each date set forth below (or, if not a Business
Day, the immediately preceding Business Day) (each, an “Initial Term Loan Repayment Date”), a principal amount in respect of each of the Initial Term Loans made to the Borrower equal to (x) the outstanding principal amount of
Initial Term Loans made to the Borrower on the Closing Date multiplied by (y) the percentage set forth below opposite such Initial Term Loan Repayment Date (each, an “Initial Term Loan Repayment Amount”): 

 

					
	 Date
	  	Initial Term Loan	 
	 December 31, 2014
	  	 	0.25	% 
	 March 31, 2015
	  	 	0.25	% 
	 June 30, 2015
	  	 	0.25	% 
	 September 30, 2015
	  	 	0.25	% 
	 December 31, 2015
	  	 	0.25	% 
	 March 31, 2016
	  	 	0.25	% 
	 June 30, 2016
	  	 	0.25	% 
	 September 30, 2016
	  	 	0.25	% 
	 December 31, 2016
	  	 	0.25	% 
	 March 31, 2017
	  	 	0.25	% 
	 June 30, 2017
	  	 	0.25	% 
	 September 30, 2017
	  	 	0.25	% 
	 December 31, 2017
	  	 	0.25	% 
	 March 31, 2018
	  	 	0.25	% 
	 June 30, 2018
	  	 	0.25	% 
	 September 30, 2018
	  	 	0.25	% 
	 December 31, 2018
	  	 	0.25	% 
	 March 31, 2019
	  	 	0.25	% 
	 June 30, 2019
	  	 	0.25	% 

  
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	 Date
	  	Initial Term Loan	 
	 September 30, 2019
	  	 	0.25	% 
	 December 31, 2019
	  	 	0.25	% 
	 March 31, 2020
	  	 	0.25	% 
	 June 30, 2020
	  	 	0.25	% 
	 September 30, 2020
	  	 	0.25	% 
	 December 31, 2020
	  	 	0.25	% 
	 March 31, 2021
	  	 	0.25	% 
	 June 30, 2021
	  	 	0.25	% 
	 Initial Term Loan Maturity Date
	  	 	Remaining outstanding amounts	  

 (c) In the event that any New Term Loans are made, such New Term Loans shall, subject to
Section 2.14(d), be repaid by the Borrower in the amounts (each, a “New Term Loan Repayment Amount”) and on the dates (each a “New Term Loan Repayment Date”) set forth in the applicable Joinder
Agreement. In the event that any Incremental Revolving Credit Loans are made, such Incremental Revolving Credit Loans shall, subject to Section 2.14(d), be repaid by the Borrower in the amounts (each, a “New Revolving Loan
Repayment Amount”) and on the dates (each a “New Revolving Loan Repayment Date”) set forth in the applicable Joinder Agreement. In the event that any Extended Term Loans are established, such Extended Term Loans shall,
subject to Section 2.14(g), be repaid by the Borrower in the amounts (each such amount with respect to any Extended Repayment Date, an “Extended Term Loan Repayment Amount”) and on the dates (each, an “Extended
Repayment Date”) set forth in the applicable Extension Amendment. 
 (d) Each Lender shall maintain in accordance with its usual
practice an account or accounts evidencing the Indebtedness of the Borrower to the appropriate lending office of such Lender resulting from each Loan made by such lending office of such Lender from time to time, including the amounts of principal
and interest payable and paid to such lending office of such Lender from time to time under this Agreement. 
 (e) The Administrative Agent
shall maintain the Register pursuant to Section 13.6(b), and a subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded (i) the amount of each Loan made hereunder, whether such Loan is an
Initial Term Loan, New Term Loan or Revolving Credit Loan, as applicable, the Type of each Loan made, the currency in which it is made, the name of the Borrower and the Interest Period, if any, applicable thereto, (ii) the amount of any
principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder, and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share
thereof. 
 (f) The entries made in the Register and accounts and subaccounts maintained pursuant to clauses (d) and
(e) of this Section 2.5 shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the
failure of any Lender, the Administrative Agent to maintain such account, such Register or subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans
made to the Borrower by such Lender in accordance with the terms of this Agreement. 
 (g) The Borrower hereby agrees that, upon request of
any Lender at any time and from time to time after the Borrower has made an initial borrowing hereunder, the Borrower shall provide to such Lender, at the Borrower’s own expense, a promissory note, substantially in the form of Exhibit
G-1 or 

  
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Exhibit G-2, as applicable, evidencing the Initial Term Loans, New Term Loans and Revolving Loans, respectively, owing to such Lender. Thereafter, unless otherwise agreed to by the
applicable Lender, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 13.6) be represented by one or more promissory notes in such form payable to the order
of the payee named therein (or, if requested by such payee, to such payee and its registered assigns). 
 2.6 Conversions and
Continuations 
 (a) Subject to the penultimate sentence of this clause (a), (x) the Borrower shall have the option on any
Business Day to convert all or a portion equal to at least $5,000,000 of the outstanding principal amount of Term Loans of one Type or Revolving Credit Loans of one Type into a Borrowing or Borrowings of another Type and (y) the Borrower shall
have the option on any Business Day to continue the outstanding principal amount of any LIBOR Loans as LIBOR Loans for an additional Interest Period; provided that (i) no partial conversion of LIBOR Loans shall reduce the outstanding
principal amount of LIBOR Loans made pursuant to a single Borrowing to less than the Minimum Borrowing Amount, (ii) ABR Loans may not be converted into LIBOR Loans if an Event of Default is in existence on the date of the conversion and the
Administrative Agent has or the Required Lenders have determined in its or their sole discretion not to permit such conversion, (iii) LIBOR Loans may not be continued as LIBOR Loans for an additional Interest Period if an Event of Default is in
existence on the date of the proposed continuation and the Administrative Agent has or the Required Lenders have determined in its or their sole discretion not to permit such continuation, and (iv) Borrowings resulting from conversions pursuant
to this Section 2.6 shall be limited in number as provided in Section 2.2. Each such conversion or continuation shall be effected by the Borrower by giving the Administrative Agent at the Administrative Agent’s Office
prior to 1:00 p.m. (New York City time) at least (i) three Business Days prior, in the case of a continuation of or conversion to LIBOR Loans (other than in the case of a notice delivered on the Closing Date, which shall be deemed to be
effective on the Closing Date), or (ii) one Business Day prior in the case of a conversion into ABR Loans (each, a “Notice of Conversion or Continuation” substantially in the form of Exhibit K) specifying the Loans
to be so converted or continued, the Type of Loans to be converted or continued into and, if such Loans are to be converted into or continued as LIBOR Loans, the Interest Period to be initially applicable thereto. If no Interest Period is specified
in any such notice with respect to any conversion to or continuation as a LIBOR Loan, the Borrower shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall give each applicable Lender notice as
promptly as practicable of any such proposed conversion or continuation affecting any of its Loans. 
 (b) If any Event of Default is in
existence at the time of any proposed continuation of any LIBOR Loans denominated in Dollars and the Administrative Agent has or the Required Lenders have determined in its or their sole discretion not to permit such continuation, such LIBOR Loans
shall be automatically converted on the last day of the current Interest Period into ABR Loans. If upon the expiration of any Interest Period in respect of LIBOR Loans, the Borrower has failed to elect a new Interest Period to be applicable thereto
as provided in clause (a), the Borrower shall be deemed to have elected to convert such Borrowing of LIBOR Loans into a Borrowing of ABR Loans, effective as of the expiration date of such current Interest Period. 

2.7 Pro Rata Borrowings. Each Borrowing of Initial Term Loans under this Agreement shall be made by the Lenders pro rata on the basis
of their then-applicable Initial Term Loan Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment
Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis 

  
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of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis
of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not
jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting
Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation, under any Credit Document. 

2.8 Interest 
 (a) The
unpaid principal amount of each ABR Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable Margin for ABR Loans plus
the ABR, in each case, in effect from time to time. 
 (b) The unpaid principal amount of each LIBOR Loan shall bear interest from the date
of the Borrowing thereof until maturity thereof (whether by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable Margin for LIBOR Loans plus the relevant LIBOR Rate. 

(c) If all or a portion of (i) the principal amount of any Loan or (ii) any interest payable thereon or any other amount payable
hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum (the “Default Rate”) that is (x) in the case of overdue principal,
the rate that would otherwise be applicable thereto plus 2.00% or (y) in the case of any other overdue amount, including overdue interest, to the extent permitted by applicable law, the rate described in Section 2.8(a)
plus 2.00% from the date of such non-payment to the date on which such amount is paid in full (after as well as before judgment). 

(d) Interest on each Loan shall accrue from and including the date of any Borrowing to but excluding the date of any repayment thereof and
shall be payable in the same currency in which the Loan is denominated; provided that any Loan that is repaid on the same date on which it is made shall bear interest for one day. Except as provided below, interest shall be payable
(i) in respect of each ABR Loan, quarterly in arrears on the last Business Day of each March, June, September and December, (ii) in respect of each LIBOR Loan, on the last day of each Interest Period applicable thereto and, in the case of
an Interest Period in excess of three months, on each date occurring at three-month intervals after the first day of such Interest Period, and (iii) in respect of each Loan, (A) on any prepayment in respect thereof, (B) at maturity
(whether by acceleration or otherwise), and (C) after such maturity, on demand. 
 (e) All computations of interest hereunder shall be
made in accordance with Section 5.5. 
 (f) The Administrative Agent, upon determining the interest rate for any Borrowing of
LIBOR Loans, shall promptly notify the Borrower and the relevant Lenders thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto. 

2.9 Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the
making of, or conversion into or continuation as, a Borrowing of LIBOR Loans in accordance with Section 2.6(a), the Borrower shall give the Administrative Agent written notice of the Interest Period applicable to such Borrowing, which
Interest 

  
 78 

 
Period shall, at the option of the Borrower be a one, two, three or six month period (or if available to all the Lenders making such LIBOR Loans as determined by such Lenders in good faith based
on prevailing market conditions, a twelve month or shorter period). 
 Notwithstanding anything to the contrary contained above: 

(a) the initial Interest Period for any Borrowing of LIBOR Loans shall commence on the date of such Borrowing (including the date of any
conversion from a Borrowing of ABR Loans) and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; 

(b) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for
which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; 

(c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next
succeeding Business Day; provided that if any Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such
Interest Period shall expire on the immediately preceding Business Day; and 
 (d) the Borrower shall not be entitled to elect any
Interest Period in respect of any LIBOR Loan if such Interest Period would extend beyond the Maturity Date of such Loan. 
 2.10
Increased Costs, Illegality, Etc. 
 (a) In the event that (x) in the case of clause (i) below, the Administrative
Agent and (y) in the case of clauses (ii) and (iii) below, the Required Term Loan Lenders (with respect to Term Loans) or the Required Revolving Credit Lenders (with respect to Revolving Credit Commitments) shall have
reasonably determined (which determination shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto): 

(i) on any date for determining the LIBOR Rate for any Interest Period that (x) deposits in the principal amounts and
currencies of the Loans comprising such LIBOR Borrowing are not generally available in the relevant market or (y) by reason of any changes arising on or after the Closing Date affecting the interbank LIBOR market, adequate and fair means do not
exist for ascertaining the applicable interest rate on the basis provided for in the definition of LIBOR Rate; or 
 (ii) at
any time, that such Lenders shall incur increased costs or reductions in the amounts received or receivable hereunder with respect to any LIBOR Loans (including any increased costs or reductions attributable to Taxes, other than any increase or
reduction attributable to Indemnified Taxes, Excluded Taxes or Other Taxes) because of any Change in Law; or 
 (iii) at any
time, that the making or continuance of any LIBOR Loan has become unlawful by compliance by such Lenders in good faith with any law, governmental rule, regulation, guideline or order (or would conflict with any such governmental rule, regulation,
guideline or order not having the force of law even though the failure to comply therewith would not be unlawful), or has become impracticable as a result of a contingency occurring after the Closing Date that materially and adversely affects the
interbank LIBOR market; 

  
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 (such Loans, “Impacted Loans”), then, and in any such event, such Required Term Loan Lenders or
Required Revolving Credit Lenders, as applicable (or the Administrative Agent, in the case of clause (i) above) shall within a reasonable time thereafter give notice (if by telephone, confirmed in writing) to Holdings, the Borrower, and
to the Administrative Agent of such determination (which notice the Administrative Agent shall promptly transmit to each of the other Lenders). Thereafter (x) in the case of clause (i) above, LIBOR Loans shall no longer be available
until such time as the Administrative Agent notifies Holdings, the Borrower and the Lenders that the circumstances giving rise to such notice by the Administrative Agent no longer exist (which notice the Administrative Agent agrees to give at such
time when such circumstances no longer exist), and any Notice of Borrowing or Notice of Conversion given by the Borrower with respect to LIBOR Loans that have not yet been incurred shall be deemed rescinded by the Borrower, (y) in the case of
clause (ii) above, the Borrower shall pay to such Lenders, promptly after receipt of written demand therefor such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as
such Required Term Loan Lenders or Required Revolving Credit Lenders, as applicable, in their reasonable discretion shall determine) as shall be required to compensate such Lenders for such actual increased costs or reductions in amounts receivable
hereunder (it being agreed that a written notice as to the additional amounts owed to such Lenders, showing in reasonable detail the basis for the calculation thereof, submitted to the Borrower by such Lenders shall, absent clearly demonstrable
error, be final and conclusive and binding upon all parties hereto), and (z) in the case of subclause (iii) above, the Borrower shall take one of the actions specified in subclause (x) or (y), as applicable, of
Section 2.10(b) promptly and, in any event, within the time period required by law. 
 Notwithstanding the foregoing, if the
Administrative Agent has made the determination described in Section 2.10(a)(i)(x), the Administrative Agent, in consultation with the Borrower and the affected Lenders, may establish an alternative interest rate for the Impacted Loans,
in which case, such alternative rate of interest shall apply with respect to the Impacted Loans until (1) the Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (x) of the first
sentence of the immediately preceding paragraph, (2) the Administrative Agent or the affected Lenders notify the Administrative Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such
Lenders of funding the Impacted Loans, or (3) any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or
fund Loans whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender
to do any of the foregoing and provides the Administrative Agent and the Borrower written notice thereof. 
 (b) At any time that any LIBOR
Loan is affected by the circumstances described in Section 2.10(a)(ii) or (iii), the Borrower may (and in the case of a LIBOR Loan affected pursuant to Section 2.10(a)(iii) shall) either (x) if a Notice of
Borrowing or Notice of Conversion or Continuation with respect to the affected LIBOR Loan has been submitted pursuant to Section 2.3 but the affected LIBOR Loan has not been funded or continued, cancel such requested Borrowing by giving
the Administrative Agent written notice thereof on the same date that the Borrower was notified by Lenders pursuant to Section 2.10(a)(ii) or (iii) or (y) if the affected LIBOR Loan is then outstanding, upon at least
three Business Days’ notice to the Administrative Agent, require the affected Lender to convert each such LIBOR Loan into an ABR Loan; provided that if more than one Lender is affected at any time, then all affected Lenders must be
treated in the same manner pursuant to this Section 2.10(b). 

  
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 (c) If, after the Closing Date, any Change in Law relating to capital adequacy or liquidity of
any Lender or compliance by any Lender or its parent with any Change in Law relating to capital adequacy or liquidity occurring after the Closing Date, has or would have the effect of reducing the actual rate of return on such Lender’s or its
parent’s or its Affiliate’s capital or assets as a consequence of such Lender’s commitments or obligations hereunder to a level below that which such Lender or its parent or its Affiliate could have achieved but for such Change in Law
(taking into consideration such Lender’s or its parent’s policies with respect to capital adequacy or liquidity), then from time to time, promptly after demand by such Lender (with a copy to the Administrative Agent), the Borrower shall
pay to such Lender such actual additional amount or amounts as will compensate such Lender or its parent for such actual reduction, it being understood and agreed, however, that a Lender shall not be entitled to such compensation as a result of such
Lender’s compliance with, or pursuant to any request or directive to comply with, any law, rule or regulation as in effect on the Closing Date or to the extent such Lender is not imposing such charges on, or requesting such compensation from,
borrowers (similarly situated to the Borrower hereunder) under comparable syndicated credit facilities similar to the Credit Facilities. Each Lender, upon determining in good faith that any additional amounts will be payable pursuant to this
Section 2.10(c), will give prompt written notice thereof to the Borrower, which notice shall set forth in reasonable detail the basis of the calculation of such additional amounts, although the failure to give any such notice shall not,
subject to Section 2.13, release or diminish the Borrower’s obligations to pay additional amounts pursuant to this Section 2.10(c) promptly following receipt of such notice. 

(d) It is understood that this Section 2.10 shall not apply to (i) Taxes indemnifiable under Section 5.4 or
(ii) Excluded Taxes. 
 2.11 Compensation. If (a) any payment of principal of any LIBOR Loan is made by the Borrower to or
for the account of a Lender other than on the last day of the Interest Period for such LIBOR Loan as a result of a payment or conversion pursuant to Sections 2.5, 2.6, 2.10, 5.1, 5.2 or 13.7, as a
result of acceleration of the maturity of the Loans pursuant to Section 11 or for any other reason, (b) any Borrowing of LIBOR Loans is not made as a result of a withdrawn Notice of Borrowing or a failure to satisfy borrowing
conditions, (c) any ABR Loan is not converted into a LIBOR Loan as a result of a withdrawn Notice of Conversion or Continuation, (d) any LIBOR Loan is not continued as a LIBOR Loan, as the case may be, as a result of a withdrawn Notice of
Conversion or Continuation or (e) any prepayment of principal of any LIBOR Loan is not made as a result of a withdrawn notice of prepayment pursuant to Sections 5.1 or 5.2, the Borrower shall, after receipt of a written
request by such Lender (which request shall set forth in reasonable detail the basis for requesting such amount), promptly pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any
additional losses, costs or expenses that such Lender may reasonably incur as a result of such payment, failure to convert, failure to continue or failure to prepay, including any loss, cost or expense (excluding loss of anticipated profits)
actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such LIBOR Loan. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender
as specified in this Section 2.11 and setting forth in reasonable detail the manner in which such amount or amounts were determined shall be delivered to the Borrower and shall be conclusive, absent manifest error. 

2.12 Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Sections 2.10(a)(ii), 2.10(a)(iii), 2.10(b), 3.5 or 5.4 with respect to such Lender, it will, if requested by the Borrower use reasonable efforts (subject to overall policy considerations of such Lender) to
designate another lending office for any Loans affected by such event; provided that such designation is made on such terms that such Lender and its lending office suffer no unreimbursed cost or other material economic, legal or regulatory
disadvantage, with the object of 

  
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avoiding the consequence of the event giving rise to the operation of any such Section. Nothing in this Section 2.12 shall affect or postpone any of the obligations of the Borrower or
the right of any Lender provided in Sections 2.10, 3.5 or 5.4. 
 2.13 Notice of Certain Costs.
Notwithstanding anything in this Agreement to the contrary, to the extent any notice required by Sections 2.10, 2.11, 3.5 or 5.4 is given by any Lender more than 120 days after such Lender has knowledge (or should
have had knowledge) of the occurrence of the event giving rise to the additional cost, reduction in amounts, loss, or other additional amounts described in such Sections, such Lender shall not be entitled to compensation under
Sections 2.10, 2.11, 3.5 or 5.4, as the case may be, for any such amounts incurred or accruing prior to the 121st day prior to the giving of such notice to the Borrower, provided that, if the circumstance
giving rise to such claim is retroactive, then such 120 day period referred to above shall be extended to include the period of retroactive effect thereof. 

2.14 Incremental Facilities. 

(a) The Borrower may by written notice to Administrative Agent elect to request the establishment of one or more (x) additional tranches
of term loans (the commitments thereto, the “New Term Loan Commitments”), (y) increases in Revolving Credit Commitments of any Class (the “New Revolving Credit Commitments”), and/or (z) additional tranches
of Revolving Credit Commitments (the “Additional Revolving Credit Commitments” and, together with the New Revolving Loan Commitments, the “Incremental Revolving Credit Commitments”; together with the New Term Loan
Commitments and the New Revolving Credit Commitments, the “New Loan Commitments”), by an aggregate amount not in excess of the Maximum Incremental Facilities Amount in the aggregate and not less than $10,000,000 individually (or
such lesser amount as (x) may be approved by the Administrative Agent or (y) shall constitute the difference between the Maximum Incremental Facilities Amount and all such New Loan Commitments obtained on or prior to such date). Each such
notice shall specify the date (each, an “Increased Amount Date”) on which the Borrower proposes that the New Loan Commitments shall be effective. In connection with the incurrence of any Indebtedness under this
Section 2.14, at the request of the Administrative Agent, the Borrower shall provide to the Administrative Agent a certificate certifying that the New Loan Commitments do not exceed the Maximum Incremental Facilities Amount, which
certificate shall be in reasonable detail and shall provide the calculations and basis therefor. The Borrower may approach any Lender or any Person (other than a natural Person) to provide all or a portion of the New Loan Commitments;
provided that any Lender offered or approached to provide all or a portion of the New Loan Commitments may elect or decline, in its sole discretion, to provide a New Loan Commitment. In each case, such New Loan Commitments shall become
effective as of the applicable Increased Amount Date; provided that (i) no Event of Default (except in connection with an acquisition or investment, no Event of Default under Section 11.1 or Section 11.5) shall
exist on such Increased Amount Date before or after giving effect to such New Loan Commitments, as applicable (unless, in connection with an acquisition or investment subject to customary “Sungard” or “certain funds”
conditionality, otherwise agreed to by the Lenders providing such Incremental Loans), as applicable, (ii) the New Loan Commitments shall be effected pursuant to one or more Joinder Agreements executed and delivered by the Borrower and
Administrative Agent, and each of which shall be recorded in the Register and shall be subject to the requirements set forth in Section 5.4(e), and (iii) the Borrower shall make any payments required pursuant to
Section 2.11 in connection with the New Loan Commitments, as applicable. No Lender shall have any obligation to provide any Commitments pursuant to this Section 2.14(a). Any New Term Loans made on an Increased Amount Date
shall, at the election of the Borrower and agreed to by Lenders providing such New Term Loan Commitments, be designated as (a) a separate series (a “Series”) of New Term Loans for all purposes of this Agreement or (b) as
part of a series of existing Term Loans for all purposes of this Agreement. On and after the Increased Amount Date, Additional Revolving Credit Loans shall be designated a separate Series of Additional Revolving Credit Loans for all purposes of this
Agreement. 

  
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 (b) On any Increased Amount Date on which Incremental Revolving Credit Commitments are effected,
subject to the satisfaction of the foregoing terms and conditions, (a) with respect to New Revolving Credit Commitments, each of the Lenders with Revolving Credit Commitments of such Class shall assign to each Lender with a New Revolving Credit
Commitment (each, a “New Revolving Loan Lender”) and each of the New Revolving Loan Lenders shall purchase from each of the Lenders with Revolving Credit Commitments of such Class, at the principal amount thereof, such interests in
the Revolving Credit Loans outstanding on such Increased Amount Date as shall be necessary in order that, after giving effect to all such assignments and purchases, the Revolving Credit Loans of such Class will be held by existing Revolving Credit
Lenders and New Revolving Loan Lenders ratably in accordance with their Revolving Credit Commitments of such Class after giving effect to the addition of such New Revolving Credit Commitments to the Revolving Credit Commitments, and (b) with
respect to Incremental Revolving Credit Commitments, (i) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment and, each Loan made under a New Revolving Credit Commitment (a “New
Revolving Credit Loan”) and each Loan made under an Additional Revolving Credit Commitment (an “Additional Revolving Credit Loan” and, together with New Revolving Credit Loans, the “Incremental Revolving Credit
Loan”) shall be deemed, for all purposes, Revolving Credit Loans and (ii) each New Revolving Loan Lender and each Lender with an Additional Revolving Credit Commitment (each an “Additional Revolving Loan Lender” and,
together with the New Revolving Loan Lenders, the “Incremental Revolving Loan Lenders”) shall become a Lender with respect to the New Revolving Credit Commitment and all matters relating thereto; provided that the
Administrative Agent and each Letter of Credit Issuer shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Incremental Revolving Loan Lender’s providing such Incremental Revolving Credit Commitment to the
extent such consent, if any, would be required under Section 13.6(b) for an assignment of Revolving Loans or Revolving Credit Commitments, as applicable, to such Lender or Incremental Revolving Loan Lender. 

(c) On any Increased Amount Date on which any New Term Loan Commitments of any Series are effective, subject to the satisfaction of the
foregoing terms and conditions, (i) each Lender with a New Term Loan Commitment (each, a “New Term Loan Lender”) of any Series shall make a Loan to the Borrower (a “New Term Loan” and, together with the
Incremental Revolving Credit Loans, the “Incremental Loans”) in an amount equal to its New Term Loan Commitment of such Series, and (ii) each New Term Loan Lender of any Series shall become a Lender hereunder with respect to
the New Term Loan Commitment of such Series and the New Term Loans of such Series made pursuant thereto. 
 (d) The terms and provisions of
the New Term Loans and New Term Loan Commitments of any Series shall be on terms and documentation set forth in the Joinder Agreement as determined by the Borrower; provided that (i) the applicable New Term Loan Maturity Date of each
Series shall be no earlier than the Initial Term Loan Maturity Date; (ii) the weighted average life to maturity of all New Term Loans shall be no shorter than the weighted average life to maturity of the Initial Term Loans, (iii) the
pricing, interest rate margins, discounts, premiums, rate floors, fees, and amortization schedule applicable to any New Term Loans shall be determined by the Borrower and the Lenders thereunder; provided that solely in the case of New Term
Loans incurred prior to the 18 month anniversary of the Closing Date, if the Effective Yield for LIBOR Loans in respect of such New Term Loans exceeds the Effective Yield for LIBOR Loans in respect of the Initial Term Loans by more than 0.50%, the
Applicable Margin for LIBOR Loans in respect of the Initial Term Loans shall be adjusted so that the Effective Yield in respect of the then existing Initial Term Loans is equal to the Effective Yield for LIBOR Loans in respect of the New Term Loans
minus 0.50%; and (iv) to the extent such terms and 

  
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documentation are not consistent with the Initial Term Loans (except to the extent permitted by clause (i), (ii) or (iii) above), they shall be reasonably
satisfactory to the Administrative Agent (it being understood that, (1) to the extent that any financial maintenance covenant is added for the benefit of any such Indebtedness, no consent shall be required by the Administrative Agent or any of
the Lenders if such financial maintenance covenant is also added for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence of such Indebtedness or (2) no consent shall be required by the Administrative
Agent or any of the Lenders if any covenants or other provisions are only applicable after the Latest Term Loan Maturity Date). 
 (e)
Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans shall be identical to the Initial Revolving Credit Commitments and the related Revolving Credit Loans, other than the Maturity Date and as set forth in this
Section 2.14(e); provided that notwithstanding anything to the contrary in this Section 2.14 or otherwise: 

(i) any such Incremental Revolving Credit Commitments or Incremental Revolving Credit Loans shall rank pari passu in
right of payment and of security with the Revolving Credit Loans and the Term Loans, 
 (ii) any such Incremental Revolving
Credit Commitments or Incremental Revolving Credit Loans shall not mature earlier than the Initial Revolving Credit Commitments and related Revolving Credit Loans at the time of incurrence of such Incremental Revolving Credit Commitments, 

(iii) the borrowing and repayment (except for (1) payments of interest and fees at different rates on Incremental
Revolving Credit Commitments (and related outstandings), (2) repayments required upon the maturity date of the Incremental Revolving Credit Commitments, and (3) repayment made in connection with a permanent repayment and termination of
commitments (subject to clause (v) below)) of Loans with respect to Incremental Revolving Credit Commitments after the associated Increased Amount Date shall be made on a pro rata basis with all other Revolving Credit Commitments on such
Increased Amount Date, 
 (iv) subject to the provisions of Section 2.1(e) and Sections 3.12 to the
extent dealing with Letters of Credit which mature or expire after a maturity date when there exists Incremental Revolving Credit Commitments with a longer maturity date, all Letters of Credit shall be participated on a pro rata basis by all Lenders
with Revolving Credit Commitments of the same Series in accordance with their percentage of such Revolving Credit Commitments on the applicable Increased Amount Date (and except as provided in Section 2.1(e) and Section 3.12,
without giving effect to changes thereto on an earlier maturity date with respect to Letters of Credit theretofore incurred or issued in respect of such Series), 

(v) the permanent repayment of Revolving Credit Loans with respect to, and termination of, Incremental Revolving Credit
Commitments after the associated Increased Amount Date shall be made on a pro rata basis with all other Revolving Credit Commitments on such Increased Amount Date, except that the Borrower shall be permitted to permanently repay and terminate
commitments of any such Class on a better than a pro rata basis as compared to any other Class with a later maturity date than such Class, 

(vi) assignments and participations of Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans shall be
governed by the same assignment and participation provisions applicable to Revolving Credit Commitments and Revolving Credit Loans on the applicable Increased Amount Date, 

  
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 (vii) any Incremental Revolving Credit Commitments may constitute a separate
Class or Classes, as the case may be, of Commitments from the Classes constituting the applicable Revolving Credit Commitments prior to such Increased Amount Date, and 

(viii) the pricing, fees, maturity and other immaterial terms of the Additional Revolving Credit Loans may be different and
shall be determined by the Borrower and the Lenders thereunder so long as the final maturity date and the weighted average maturity of any Additional Revolving Credit Loans and Additional Revolving Credit Commitments, as applicable, shall not be
earlier than, or shorter than, as the case may be, the maturity date or the weighted average life, as applicable, of the Initial Revolving Credit Commitments and related Revolving Credit Loans. 

(f) Each Joinder Agreement may, without the consent of any other Lenders, effect technical and corresponding amendments to this Agreement and
the other Credit Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provision of this Section 2.14. 

(g) (i) The Borrower may at any time and from time to time request that all or a portion of the Term Loans of any Class (an
“Existing Term Loan Class”) be converted to extend the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of such Term Loans (any such Term Loans which have been so
converted, “Extended Term Loans”) and to provide for other terms consistent with this Section 2.14(g). In order to establish any Extended Term Loans, the Borrower shall provide a notice to the Administrative Agent (who
shall provide a copy of such notice to each of the Lenders of the applicable Existing Term Loan Class which such request shall be offered equally to all such Lenders) (a “Term Loan Extension Request”) setting forth the proposed
terms of the Extended Term Loans to be established, which shall not be materially more restrictive to the Credit Parties (as determined in good faith by the Borrower), when taken as a whole, than the terms of the Term Loans of the Existing Term Loan
Class unless (x) the Lenders of the Term Loans of such applicable Existing Term Loan Class receive the benefit of such more restrictive terms or (y) any such provisions apply after the Initial Term Loan Maturity Date (a “Permitted
Other Provision”); provided, however, that (x) the scheduled final maturity date shall be extended and all or any of the scheduled amortization payments of principal of the Extended Term Loans may be delayed to later
dates than the scheduled amortization of principal of the Term Loans of such Existing Term Loan Class (with any such delay resulting in a corresponding adjustment to the scheduled amortization payments reflected in Section 2.5 or in the
Joinder Agreement, as the case may be, with respect to the Existing Term Loan Class from which such Extended Term Loans were converted, in each case as more particularly set forth in paragraph (iv) of this Section 2.14(g) below),
(y) (A) the interest margins with respect to the Extended Term Loans may be higher or lower than the interest margins for the Term Loans of such Existing Term Loan Class and/or (B) additional fees, premiums or AHYDO payments may be
payable to the Lenders providing such Extended Term Loans in addition to or in lieu of any increased margins contemplated by the preceding clause (A), in each case, to the extent provided in the applicable Extension Amendment and to the
extent that any Permitted Other Provision (including a financial maintenance covenant) is added for the benefit of any such Indebtedness, no consent shall be required by the Administrative Agent or any of the Lenders if such Permitted Other
Provision is also added for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence of such Indebtedness or if such Permitted Other Provision applies only after the Initial Term Loan Maturity Date.
Notwithstanding anything to the contrary in this Section 2.14 or otherwise, no Extended Term Loans may be optionally prepaid prior to the date on which the Existing Term Loan Class from which they were converted is repaid in full, except
in accordance with 

  
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the last sentence of Section 5.1(a). No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Class converted into Extended Term Loans
pursuant to any Extension Request. Any Extended Term Loans of any Extension Series shall constitute a separate Class of Term Loans from the Existing Term Loan Class from which they were converted. 

(ii) The Borrower may at any time and from time to time request that all or a portion of the Revolving Credit Commitments of
any Class, any Extended Revolving Credit Commitments and/or any Incremental Revolving Credit Commitments, each existing at the time of such request (each, an “Existing Revolving Credit Commitment” and any related revolving credit
loans thereunder, “Existing Revolving Credit Loans”; each Existing Revolving Credit Commitment and related Existing Revolving Credit Loans together being referred to as an “Existing Revolving Credit Class”) be
converted to extend the termination date thereof and the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of Loans related to such Existing Revolving Credit Commitments (any such
Existing Revolving Credit Commitments which have been so extended, “Extended Revolving Credit Commitments” and any related Loans, “Extended Revolving Credit Loans”) and to provide for other terms consistent with
this Section 2.14(g). In order to establish any Extended Revolving Credit Commitments, the Borrower shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders of the applicable
Class of Existing Revolving Credit Commitments which such request shall be offered equally to all such Lenders) setting forth the proposed terms of the Extended Revolving Credit Commitments to be established, which shall not be materially more
restrictive to the Credit Parties (as determined in good faith by the Borrower), when taken as a whole, than the terms of the applicable Existing Revolving Credit Commitments (the “Specified Existing Revolving Credit Commitment”)
unless (x) the Lenders providing existing Revolving Credit Loans receive the benefit of such more restrictive terms or (y) any such provisions apply after the Revolving Credit Termination Date, in each case, to the extent provided in the
applicable Extension Amendment; provided, however, that (w) all or any of the final maturity dates of such Extended Revolving Credit Commitments may be delayed to later dates than the final maturity dates of the Specified Existing
Revolving Credit Commitments, (x) (A) the interest margins with respect to the Extended Revolving Credit Commitments may be higher or lower than the interest margins for the Specified Existing Revolving Credit Commitments and/or
(B) additional fees and premiums may be payable to the Lenders providing such Extended Revolving Credit Commitments in addition to or in lieu of any increased margins contemplated by the preceding clause (A) and (y) the
revolving credit commitment fee rate with respect to the Extended Revolving Credit Commitments may be higher or lower than the Revolving Credit Commitment Fee Rate for the Specified Existing Revolving Credit Commitment; provided that,
notwithstanding anything to the contrary in this Section 2.14(g) or otherwise, (1) the borrowing and repayment (other than in connection with a permanent repayment and termination of commitments) of Loans with respect to any
Original Revolving Credit Commitments shall be made on a pro rata basis with all other Original Revolving Credit Commitments and (2) assignments and participations of Extended Revolving Credit Commitments and Extended Revolving Credit Loans
shall be governed by the same assignment and participation provisions applicable to Revolving Credit Commitments and the Revolving Credit Loans related to such Commitments set forth in Section 13.6. No Lender shall have any obligation to
agree to have any of its Revolving Credit Loans or Revolving Credit Commitments of any Existing Revolving Credit Class converted into Extended Revolving Credit Loans or Extended Revolving Credit Commitments pursuant to any Extension Request. Any
Extended Revolving Credit Commitments of any Extension Series shall constitute a separate Class of revolving credit commitments from the Specified Existing Revolving Credit Commitments and from any other Existing Revolving Credit Commitments
(together with any other Extended Revolving Credit Commitments so established on such date). 

  
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 (iii) Any Lender (an “Extending Lender”) wishing to have all or
a portion of its Term Loans, Revolving Credit Commitments, Incremental Revolving Credit Commitment or Extended Revolving Credit Commitment of the Existing Class or Existing Classes subject to such Extension Request converted into Extended Term Loans
or Extended Revolving Credit Commitments, as applicable, shall notify the Administrative Agent (an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Term Loans, Revolving Credit
Commitments, Incremental Revolving Credit Commitment or Extended Revolving Credit Commitment of the Existing Class or Existing Classes subject to such Extension Request that it has elected to convert into Extended Term Loans or Extended Revolving
Credit Commitments, as applicable. In the event that the aggregate amount of Term Loans, Revolving Credit Commitments, Incremental Revolving Credit Commitment or Extended Revolving Credit Commitment of the Existing Class or Existing Classes subject
to Extension Elections exceeds the amount of Extended Term Loans or Extended Revolving Credit Commitments, as applicable, requested pursuant to the Extension Request, Term Loans or Revolving Credit Commitments, Incremental Revolving Credit
Commitments or Extended Revolving Credit Commitments of the Existing Class or Existing Classes subject to Extension Elections shall be converted to Extended Term Loans or Extended Revolving Credit Commitments, as applicable, on a pro rata basis
based on the amount of Term Loans, Revolving Credit Commitments, Incremental Revolving Credit Commitment or Extended Revolving Credit Commitment included in each such Extension Election. Notwithstanding the conversion of any Existing Revolving
Credit Commitment into an Extended Revolving Credit Commitment, such Extended Revolving Credit Commitment shall be treated identically to all other Original Revolving Credit Commitments for purposes of the obligations of a Revolving Credit Lender in
respect of Letters of Credit under Section 3, except that the applicable Extension Amendment may provide that the L/C Facility Maturity Date may be extended and the related obligations to issue Letters of Credit may be continued so long
as each applicable Letter of Credit Issuer has consented to such extensions of its applicable Letter of Credit Commitment in its sole discretion (it being understood that no consent of any other Lender shall be required in connection with any such
extension). 
 (iv) Extended Term Loans or Extended Revolving Credit Commitments, as applicable, shall be established
pursuant to an amendment (an “Extension Amendment”) to this Agreement (which, except to the extent expressly contemplated by the penultimate sentence of this Section 2.14(g)(iv) and notwithstanding anything to the
contrary set forth in Section 13.1, shall not require the consent of any Lender other than the Extending Lenders with respect to the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, established thereby)
executed by the Credit Parties, the Administrative Agent and the Extending Lenders. No Extension Amendment shall provide for any tranche of Extended Term Loans or Extended Revolving Credit Commitments in an aggregate principal amount that is less
than $10,000,000. In addition to any terms and changes required or permitted by Section 2.14(g)(i), each Extension Amendment (x) shall amend the scheduled amortization payments pursuant to Section 2.5 or the applicable
Joinder Agreement with respect to the Existing Term Loan Class from which the Extended Term Loans were converted to reduce each scheduled Repayment Amount for the Existing Term Loan Class in the same proportion as the amount of Term Loans of the
Existing Term Loan Class is to be converted pursuant to such Extension Amendment (it being understood that the amount of any Repayment Amount payable with respect to any individual Term Loan of such Existing Term Loan Class that is not an Extended
Term Loan shall not be reduced as a result 

  
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thereof) and (y) may, but shall not be required to, impose additional requirements (not inconsistent with the provisions of this Agreement in effect at such time) with respect to the final
maturity and weighted average life to maturity of New Term Loans incurred following the date of such Extension Amendment. Notwithstanding anything to the contrary in this Section 2.14(g) and without limiting the generality or
applicability of Section 13.1 to any Section 2.14 Additional Amendments, any Extension Amendment may provide for additional terms and/or additional amendments other than those referred to or contemplated above (any such additional
amendment, a “Section 2.14 Additional Amendment”) to this Agreement and the other Credit Documents; provided that such Section 2.14 Additional Amendments are within the requirements of Section 2.14(g)(i) and
do not become effective prior to the time that such Section 2.14 Additional Amendments have been consented to (including, without limitation, pursuant to (1) consents applicable to holders of New Term Loans and New Revolving Credit
Commitments provided for in any Joinder Agreement and (2) consents applicable to holders of any Extended Term Loans or Extended Revolving Credit Commitments provided for in any Extension Amendment) by such of the Lenders, Credit Parties and
other parties (if any) as may be required in order for such Section 2.14 Additional Amendments to become effective in accordance with Section 13.1. 

(v) Notwithstanding anything to the contrary contained in this Agreement, (A) on any date on which any Existing Class is
converted to extend the related scheduled maturity date(s) in accordance with clauses (i) and/or (ii) above (an “Extension Date”), (I) in the case of the existing Term Loans of each Extending Lender, the
aggregate principal amount of such existing Term Loans shall be deemed reduced by an amount equal to the aggregate principal amount of Extended Term Loans so converted by such Lender on such date, and the Extended Term Loans shall be established as
a separate Class of Term Loans (together with any other Extended Term Loans so established on such date), and (II) in the case of the Specified Existing Revolving Credit Commitments of each Extending Lender, the aggregate principal amount of such
Specified Existing Revolving Credit Commitments shall be deemed reduced by an amount equal to the aggregate principal amount of Extended Revolving Credit Commitments so converted by such Lender on such date, and such Extended Revolving Credit
Commitments shall be established as a separate Class of revolving credit commitments from the Specified Existing Revolving Credit Commitments and from any other Existing Revolving Credit Commitments (together with any other Extended Revolving Credit
Commitments so established on such date) and (B) if, on any Extension Date, any Loans of any Extending Lender are outstanding under the applicable Specified Existing Revolving Credit Commitments, such Loans (and any related participations)
shall be deemed to be allocated as Extended Revolving Credit Loans (and related participations) and Existing Revolving Credit Loans (and related participations) in the same proportion as such Extending Lender’s Specified Existing Revolving
Credit Commitments to Extended Revolving Credit Commitments. 
 (vi) The Administrative Agent and the Lenders hereby consent
to the consummation of the transactions contemplated by this Section 2.14 (including, for the avoidance of doubt, payment of any interest, fees, or premium in respect of any Extended Term Loans and/or Extended Revolving Credit
Commitments on such terms as may be set forth in the relevant Extension Amendment) and hereby waive the requirements of any provision of this Agreement (including, without limitation, any pro rata payment or amendment section) or any other Credit
Document that may otherwise prohibit or restrict any such extension or any other transaction contemplated by this Section 2.14. 

  
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 2.15 Permitted Debt Exchanges. 

(a) Notwithstanding anything to the contrary contained in this Agreement, pursuant to one or more offers (each, a “Permitted Debt
Exchange Offer”) made from time to time by the Borrower, the Borrower may from time to time following the Closing Date consummate one or more exchanges of Term Loans for Permitted Other Indebtedness in the form of notes (such notes,
“Permitted Debt Exchange Notes,” and each such exchange a “Permitted Debt Exchange”), so long as the following conditions are satisfied: (i) no Event of Default shall have occurred and be continuing at the time
the final offering document in respect of a Permitted Debt Exchange Offer is delivered to the relevant Lenders, (ii) the aggregate principal amount (calculated on the face amount thereof) of Term Loans exchanged shall equal no more than the
aggregate principal amount (calculated on the face amount thereof) of Permitted Debt Exchange Notes issued in exchange for such Term Loans; provided that the aggregate principal amount of the Permitted Debt Exchange Notes may include accrued
interest and premium (if any) under the Term Loans exchanged and underwriting discounts, fees, commissions and expenses in connection with the issuance of such Permitted Debt Exchange Notes, (iii) the aggregate principal amount (calculated on
the face amount thereof) of all Term Loans exchanged under each applicable Class by the Borrower pursuant to any Permitted Debt Exchange shall automatically be cancelled and retired by the Borrower on the date of the settlement thereof (and, if
requested by the Administrative Agent, any applicable exchanging Lender shall execute and deliver to the Administrative Agent an Assignment and Acceptance, or such other form as may be reasonably requested by the Administrative Agent, in respect
thereof pursuant to which the respective Lender assigns its interest in the Term Loans being exchanged pursuant to the Permitted Debt Exchange to the Borrower for immediate cancellation), (iv) if the aggregate principal amount of all Term Loans
of a given Class (calculated on the face amount thereof) tendered by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which exceeds the principal amount
thereof of the applicable Class actually held by it) shall exceed the maximum aggregate principal amount of Term Loans of such Class offered to be exchanged by the Borrower pursuant to such Permitted Debt Exchange Offer, then the Borrower shall
exchange Term Loans subject to such Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum amount based on the respective principal amounts so tendered, (v) all documentation in respect of such Permitted Debt Exchange
shall be consistent with the foregoing, and all written communications generally directed to the Lenders in connection therewith shall be in form and substance consistent with the foregoing and made in consultation with the Borrower and the Auction
Agent, and (vi) any applicable Minimum Tender Condition shall be satisfied. 
 (b) With respect to all Permitted Debt Exchanges
effected by any of the Borrower pursuant to this Section 2.15, (i) such Permitted Debt Exchanges (and the cancellation of the exchanged Term Loans in connection therewith) shall not constitute voluntary or mandatory payments or
prepayments for purposes of Section 5.1 or 5.2, and (ii) such Permitted Debt Exchange Offer shall be made for not less than $10,000,000 in aggregate principal amount of Term Loans; provided that subject to the
foregoing clause (ii) the Borrower may at its election specify as a condition (a “Minimum Tender Condition”) to consummating any such Permitted Debt Exchange that a minimum amount (to be determined and specified in the
relevant Permitted Debt Exchange Offer in the Borrower’s discretion) of Term Loans of any or all applicable Classes be tendered. 
 (c)
In connection with each Permitted Debt Exchange, the Borrower and the Auction Agent shall mutually agree to such procedures as may be necessary or advisable to accomplish the purposes of this Section 2.15 and without conflict with
Section 2.15(d); provided that the terms of any Permitted Debt Exchange Offer shall provide that the date by which the relevant Lenders are required to indicate their election to participate in such Permitted Debt Exchange shall
be not less than a reasonable period (in the discretion of the Borrower and the Auction Agent) of time following the date on which the Permitted Debt Exchange Offer is made. 

  
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 (d) The Borrower shall be responsible for compliance with, and hereby agrees to comply with, all
applicable securities and other laws in connection with each Permitted Debt Exchange, it being understood and agreed that (x) none of the Auction Agent, the Administrative Agent nor any Lender assumes any responsibility in connection with the
Borrower’s compliance with such laws in connection with any Permitted Debt Exchange and (y) each Lender shall be solely responsible for its compliance with any applicable “insider trading” laws and regulations to which such
Lender may be subject under the Securities Exchange Act of 1934, as amended. 
 2.16 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i) Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders and Section 13.1.

 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 11 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 13.8 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder;
second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Letter of Credit Issuers; third, to Cash Collateralize the Letter of Credit Issuers’ Fronting Exposure with respect to such
Defaulting Lender in accordance with Section 3.8; fourth, as the Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as
required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting
Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Letter of Credit Issuers’ future Fronting Exposure with respect to such Defaulting Lender with respect to future
Letters of Credit issued under this Agreement, in accordance with Section 3.8; sixth, to the payment of any amounts owing to the Borrower, the Lenders, the Letter of Credit Issuers as a result of any judgment of a court of
competent jurisdiction obtained by the Borrower, any Lender or the Letter of Credit Issuers against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and seventh, to such
Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not
fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 7 were satisfied or waived, such payment shall be applied solely to pay
the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded
participations in L/C Obligations are held by the Lenders pro rata in accordance with 

  
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the Commitments hereunder without giving effect to Section 2.16(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to
pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.16(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 
  

	 	(A)	No Defaulting Lender shall be entitled to receive any fee payable under Section 4 for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee
that otherwise would have been required to have been paid to that Defaulting Lender). 

  

	 	(B)	Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Revolving Credit Commitment Percentage of the
stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 3.8. 

  

	 	(C)	With respect to any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that
portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below,
(y) pay to each applicable Letter of Credit Issuer the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such applicable Letter of Credit’s Fronting Exposure to such Defaulting Lender, and
(z) not be required to pay the remaining amount of any such fee. 

 (iv) Reallocation of Applicable
Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment
Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting
Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a
Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 
 (v)
Cash Collateral. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to them hereunder or under applicable law, Cash
Collateralize the Letter of Credit Issuer’s Fronting Exposure in accordance with the procedures set forth in Section 3.8. 

(b) Defaulting Lender Cure. If the Borrower, the Administrative Agent and the Letter of Credit Issuers agree in writing that a Lender
is no longer a Defaulting Lender, the Administrative Agent 

  
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will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any
Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Credit
Loans and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their Revolving Credit Commitment Percentages (without giving effect to Section 2.16(a)(iv)), whereupon
such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and
provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from
that Lender’s having been a Defaulting Lender. 
  

	Section 3.	Letters of Credit 

 3.1 Letters of Credit. 

(a) Subject to and upon the terms and conditions herein set forth, at any time and from time to time after the Closing Date and prior to the
L/C Facility Maturity Date, each Letter of Credit Issuer agrees, in reliance upon, among other things, the agreements of the Revolving Credit Lenders set forth in this Section 3, to issue from time to time from the Closing Date through the L/C
Facility Maturity Date for the account of the Borrower (or, so long as the Borrower is the primary obligor, for the account of Holdings or any Restricted Subsidiary (other than the Borrower)) one or more Letters of Credit in such form as may be
approved by the applicable Letter of Credit Issuer in its reasonable discretion and in an aggregate amount not to exceed an amount equal to such Letter of Credit Issuer’s corresponding Revolving Credit Commitment Percentage. 

(b) Notwithstanding the foregoing, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letters of
Credit Outstanding at such time, would exceed the Letter of Credit Commitment then in effect; (ii) no Letter of Credit shall be issued the Stated Amount of which would cause the aggregate amount of the Lenders’ Revolving Credit Exposures
after giving effect to the issuance thereof to exceed the Total Revolving Credit Commitment then in effect; (iii) each Letter of Credit shall have an expiration date occurring no later than one year after the date of issuance thereof (except as
set forth in Section 3.2(d)), provided that in no event shall such expiration date occur later than the L/C Facility Maturity Date, in each case, unless otherwise agreed upon by the Administrative Agent, the applicable Letter of
Credit Issuer and, unless such Letter of Credit has been Cash Collateralized in an amount equal to the Minimum Collateral Amount or backstopped (in the case of a backstop only, on terms reasonably satisfactory to the applicable Letter of Credit
Issuer), the Revolving Credit Lenders; (iv) the Letter of Credit shall be denominated in Dollars; (v) no Letter of Credit shall be issued if it would be illegal under any applicable law for the beneficiary of such Letter of Credit to have
such Letter of Credit issued in its favor; and (vi) no Letter of Credit shall be issued by any Letter of Credit Issuers after it has received a written notice from any Credit Party or the Administrative Agent or the Required Revolving Credit
Lenders stating that a Default or Event of Default has occurred and is continuing until such time as the Letter of Credit Issuers shall have received a written notice of (x) rescission of such notice from the party or parties originally
delivering such notice or (y) the waiver of such Default or Event of Default in accordance with the provisions of Section 13.1. 

(c) Upon at least two Business Days’ prior written notice to the Administrative Agent and the Letter of Credit Issuers (which notice the
Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, on any day, permanently to terminate or reduce the Letter of Credit Commitment in whole or in part; provided that, after giving effect to
such termination or reduction, the Letters of Credit Outstanding shall not exceed the Letter of Credit Commitment. 

  
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 (d) The parties hereto agree that the Existing Letters of Credit shall be deemed to be Letters of
Credit for all purposes under this Agreement, without any further action by the Borrower, the Letter of Credit Issuers or any other Person. 

(e) No Letter of Credit Issuer shall be under any obligation to issue any Letter of Credit if: 

(i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms enjoin or restrain such Letter
of Credit Issuer from issuing such Letter of Credit, or any Requirement of Law or law applicable to such Letter of Credit Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction
over such Letter of Credit Issuer shall prohibit, or request that such Letter of Credit Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Letter of Credit Issuer with
respect to such Letter of Credit any restriction, reserve or capital requirement (in each case, for which such Letter of Credit Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Letter of
Credit Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such Letter of Credit Issuer in good faith deems material to it; 

(ii) the issuance of such Letter of Credit would violate one or more policies of the applicable Letter of Credit Issuer now or
hereafter in effect and applicable to letters of credit generally; 
 (iii) except as otherwise agreed by any applicable
Letter of Credit Issuer, such Letter of Credit is in an initial Stated Amount less than $10,000; 
 (iv) such Letter of
Credit is denominated in a currency other than Dollars; 
 (v) such Letter of Credit contains any provisions for automatic
reinstatement of the Stated Amount after any drawing thereunder; or 
 (vi) a default of any Revolving Credit Lender’s
obligations to fund under Section 3.3 exists or any Revolving Credit Lender is at such time a Defaulting Lender hereunder, unless, in each case, the Borrower has entered into arrangements reasonably satisfactory to the applicable Letter
of Credit Issuer to eliminate such Letter of Credit Issuer’s risk with respect to such Revolving Credit Lender or such risk has been reallocated in accordance with Section 2.16. 

(f) No Letter of Credit Issuer shall increase the Stated Amount of any Letter of Credit if such Letter of Credit Issuer would not be permitted
at such time to issue such Letter of Credit in its amended form under the terms hereof. 
 (g) Each Letter of Credit Issuer shall be under
no obligation to amend any Letter of Credit if (A) such Letter of Credit Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of
Credit does not accept the proposed amendment to such Letter of Credit. 
 (h) Each Letter of Credit Issuer shall act on behalf of the
Revolving Credit Lenders with respect to any Letters of Credit issued by it and the documents associated therewith and each Letter of 

  
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Credit Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Section 12 with respect to any acts taken or omissions suffered by such
Letter of Credit Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in
Section 12 included such Letter of Credit Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to such Letter of Credit Issuer. 

3.2 Letter of Credit Requests. 

(a) Whenever the Borrower desires that a Letter of Credit be issued for its account or amended, the Borrower shall give the Administrative
Agent and the applicable Letter of Credit Issuer a Letter of Credit Request by no later than 1:00 p.m. (New York City time) at least three Business Days (or such other period as may be agreed upon by the Borrower, the Administrative Agent and the
Letter of Credit Issuer) prior to the proposed date of issuance or amendment. Each Letter of Credit Request shall be executed by the Borrower. Such Letter of Credit Request may be sent by facsimile, by United States mail, by overnight courier, by
electronic transmission using the system provided by the Letter of Credit Issuer, by personal delivery or by any other means acceptable to the Letter of Credit Issuer. 

(b) In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Request shall specify in form and detail
reasonably satisfactory to the applicable Letter of Credit Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the Stated Amount thereof; (C) the expiry date thereof;
(D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any
drawing thereunder; (G) the identity of the applicant; and (H) such other matters as such Letter of Credit Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit
Request shall specify in form and detail reasonably satisfactory to such Letter of Credit Issuer (I) the Letter of Credit to be amended; (II) the proposed date of amendment thereof (which shall be a Business Day); (III) the nature of the
proposed amendment; and (IV) such other matters as such Letter of Credit Issuer may reasonably require. Additionally, the Borrower shall furnish to such Letter of Credit Issuer and the Administrative Agent such other documents and information
pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such Letter of Credit Issuer or the Administrative Agent may reasonably require. 

(c) Unless the applicable Letter of Credit Issuer has received written notice from any Revolving Credit Lender, the Administrative Agent or
any Credit Party, at least one Business Day prior to the requested date of issuance or amendment of the Letter of Credit, that one or more applicable conditions contained in Sections 6 (solely with respect to any Letter of Credit issued
on the Closing Date) or 7 shall not then be satisfied to the extent required thereby, then, subject to the terms and conditions hereof, such Letter of Credit Issuer shall, on the requested date, issue a Letter of Credit for the account of
Holdings (or, so long as the Borrower is the primary obligor, for the account of the Borrower or another Restricted Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with such Letter of Credit
Issuer’s usual and customary business practices. 
 (d) If the Borrower so requests in any Letter of Credit Request, the applicable
Letter of Credit Issuer shall agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit such
Letter of Credit Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof and the Borrower not later than a day
(the “Non-Extension Notice Date”) in each 

  
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such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the applicable Letter of Credit Issuer, the Borrower shall not be required to
make a specific request to such Letter of Credit Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the applicable Letter of Credit Issuer to
permit the extension of such Letter of Credit at any time to an expiry date not later than the earlier of (x) the date that is twelve (12) months from the then current expiry date and (y) the L/C Facility Maturity Date, unless
otherwise agreed upon by the Administrative Agent and such Letter of Credit Issuer; provided, however, that such Letter of Credit Issuer shall not permit any such extension if (A) such Letter of Credit Issuer has reasonably
determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (b) of
Section 3.1 or otherwise), or (B) it has received written notice on or before the day that is seven Business Days before the Non-Extension Notice Date from the Administrative Agent, any Lender or the Borrower that one or more of the
applicable conditions specified in Sections 6 and 7 are not then satisfied, and in each such case directing such Letter of Credit Issuer not to permit such extension. 

(e) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit (including any Existing Letter of Credit) to an
advising bank with respect thereto or to the beneficiary thereof, the applicable Letter of Credit Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. On the first
Business Day of each month, each Letter of Credit Issuer shall provide the Administrative Agent a list of all Letters of Credit (including any Existing Letter of Credit) issued by it that are outstanding at such time. 

(f) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the Borrower that the Letter of Credit
may be issued in accordance with, and will not violate the requirements of, Section 3.1(b). 
 3.3 Letter of Credit
Participations. 
 (a) Immediately upon the issuance by any Letter of Credit Issuer of any Letter of Credit, such Letter of Credit
Issuer shall be deemed to have sold and transferred to each Revolving Credit Lender (each such Revolving Credit Lender, in its capacity under this Section 3.3, an “L/C Participant”), and each such L/C Participant shall
be deemed irrevocably and unconditionally to have purchased and received from such Letter of Credit Issuer, without recourse or warranty, an undivided interest and participation (each an “L/C Participation”), to the extent of such
L/C Participant’s Revolving Credit Commitment Percentage in each Letter of Credit, each substitute therefor, each drawing made thereunder and the obligations of the Borrower under this Agreement with respect thereto, and any security therefor
or guaranty pertaining thereto; provided that the Letter of Credit Fees will be paid directly to the Administrative Agent for the ratable account of the L/C Participants as provided in Section 4.1(b) and the L/C Participants shall
have no right to receive any portion of any Fronting Fees. 
 (b) In determining whether to pay under any Letter of Credit, the relevant
Letter of Credit Issuer shall have no obligation relative to the L/C Participants other than to confirm that any documents required to be delivered under such Letter of Credit have been delivered and that they appear to comply on their face with the
requirements of such Letter of Credit. Any action taken or omitted to be taken by the relevant Letter of Credit Issuer under or in connection with any Letter of Credit issued by it, if taken or omitted in the absence of gross negligence or willful
misconduct as determined in the final non-appealable judgment of a court of competent jurisdiction, shall not create for the relevant Letter of Credit Issuer any resulting liability. 

  
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 (c) In the event that any Letter of Credit Issuer makes any payment under any Letter of Credit
issued by it and the Borrower shall not have repaid such amount in full to the respective Letter of Credit Issuer through the Administrative Agent pursuant to Section 3.4(a), the Administrative Agent shall promptly notify each L/C
Participant of such failure, and each L/C Participant shall promptly and unconditionally pay to the Administrative Agent for the account of the applicable Letter of Credit Issuer, the amount of such L/C Participant’s Revolving Credit Commitment
Percentage of such unreimbursed payment in Dollars and in immediately available funds. If and to the extent such L/C Participant shall not have so made its Revolving Credit Commitment Percentage of the amount of such payment available to the
Administrative Agent for the account of the applicable Letter of Credit Issuer, such L/C Participant agrees to pay to the Administrative Agent for the account of such Letter of Credit Issuer, forthwith on demand, such amount, together with interest
thereon for each day from such date until the date such amount is paid to the Administrative Agent for the account of such Letter of Credit Issuer at a rate per annum equal to the Overnight Rate from time to time then in effect, plus any
administrative, processing or similar fees that are reasonably and customarily charged by such Letter of Credit Issuer in connection with the foregoing. The failure of any L/C Participant to make available to the Administrative Agent for the account
of the applicable Letter of Credit Issuer its Revolving Credit Commitment Percentage of any payment under any Letter of Credit shall not relieve any other L/C Participant of its obligation hereunder to make available to the Administrative Agent for
the account of such Letter of Credit Issuer its Revolving Credit Commitment Percentage of any payment under such Letter of Credit on the date required, as specified above, but no L/C Participant shall be responsible for the failure of any other L/C
Participant to make available to the Administrative Agent such other L/C Participant’s Revolving Credit Commitment Percentage of any such payment. 

(d) Whenever the Administrative Agent receives a payment in respect of an Unpaid Drawing as to which the Administrative Agent has received for
the account of the applicable Letter of Credit Issuer any payments from the L/C Participants pursuant to clause (c) above, the Administrative Agent shall promptly pay to each L/C Participant that has paid its Revolving Credit Commitment
Percentage of such Unpaid Drawing, in Dollars and in immediately available funds, an amount equal to such L/C Participant’s share (based upon the proportionate aggregate amount originally funded by such L/C Participant to the aggregate amount
funded by all L/C Participants) of the amount so paid in respect of such Unpaid Drawing and interest thereon at the Overnight Rate accruing from the date such L/C Participant paid such amount pursuant to clause (c) above to but excluding the
date such payment is received by such L/C Participant. 
 (e) The obligations of the L/C Participants to make payments to the Administrative
Agent for the account of the applicable Letter of Credit Issuer with respect to Letters of Credit shall be irrevocable and not subject to counterclaim, set-off or other defense or any other qualification or exception whatsoever and shall be made in
accordance with the terms and conditions of this Agreement under all circumstances. 
 (f) If any payment received by the Administrative
Agent for the account of any applicable Letter of Credit Issuer pursuant to Section 3.3(c) is required to be returned under any of the circumstances described in Section 13.20 (including pursuant to any settlement entered
into by such Letter of Credit Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such Letter of Credit Issuer its Revolving Credit Commitment Percentage thereof on demand of the Administrative Agent,
plus interest thereon accruing from the date such payment is required to be returned to but excluding the date such amount is returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The
obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

  
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 3.4 Agreement to Repay Letter of Credit Drawings. 

(a) The applicable Letter of Credit Issuer shall promptly notify the Administrative Agent of any drawing made under any Letter of Credit
issued by it and the Administrative Agent shall promptly notify the Borrower of any such drawing. The Borrower hereby agrees to reimburse each Letter of Credit Issuer, by making payment with respect to any drawing under any Letter of Credit in the
same amount and the same currency in which such drawing was made unless the applicable Letter of Credit Issuer (at its option) shall have specified in the notice of drawing that it will require reimbursement in Dollars. Any such reimbursement shall
be made by the Borrower to the Administrative Agent in immediately available funds for any payment or disbursement made by such Letter of Credit Issuer under any Letter of Credit (each such amount so paid or disbursed until reimbursed, an
“Unpaid Drawing”) no later than the date that is one Business Day after the date on which the Borrower receives written notice of such payment or disbursement (the “Reimbursement Date”), with interest on the amount
so paid or disbursed by such Letter of Credit Issuer, to the extent not reimbursed prior to 5:00 p.m. (New York City time) on the Reimbursement Date, from the Reimbursement Date to the date such Letter of Credit Issuer is reimbursed therefor at a
rate per annum that shall at all times be the Applicable Margin for ABR Loans that are Revolving Credit Loans plus the ABR as in effect from time to time, provided that, notwithstanding anything contained in this Agreement to the
contrary, (i) unless the Borrower shall have notified the Administrative Agent and the relevant Letter of Credit Issuer prior to 1:00 p.m. (New York City time) on the Reimbursement Date that the Borrower intends to reimburse the relevant Letter
of Credit Issuer for the amount of such drawing with funds other than the proceeds of Loans, the Borrower shall be deemed to have given a Notice of Borrowing requesting that, with respect to Letters of Credit, the Revolving Credit Lenders make
Revolving Credit Loans (which shall be denominated in Dollars and which shall be ABR Loans) on the Reimbursement Date in the amount of such drawing plus to the extent applicable any accrued and unpaid interest thereon and (ii) the
Administrative Agent shall promptly notify each L/C Participant of such drawing and the amount of its Revolving Credit Loan to be made in respect thereof, and each L/C Participant shall be irrevocably obligated to make a Revolving Credit Loan to the
Borrower in Dollars in the manner deemed to have been requested in the amount of its Revolving Credit Commitment Percentage of the applicable Unpaid Drawing by 2:00 p.m. (New York City time) on such Reimbursement Date by making the amount of such
Revolving Credit Loan available to the Administrative Agent. Such Revolving Credit Loans shall be made without regard to the Minimum Borrowing Amount. The Administrative Agent shall use the proceeds of such Revolving Credit Loans solely for the
purpose of reimbursing the applicable Letter of Credit Issuer for the related Unpaid Drawing. In the event that the Borrower fails to Cash Collateralize any Letter of Credit that is outstanding on the L/C Facility Maturity Date, the full amount of
the Letters of Credit Outstanding in respect of such Letter of Credit shall be deemed to be an Unpaid Drawing subject to the provisions of this Section 3.4 except that the applicable Letter of Credit Issuer shall hold the proceeds
received from the L/C Participants as contemplated above as cash collateral for such Letter of Credit to reimburse any Unpaid Drawing under such Letter of Credit and shall use such proceeds first, to reimburse itself for any Unpaid Drawings made in
respect of such Letter of Credit following the L/C Facility Maturity Date, second, to the extent such Letter of Credit expires or is returned undrawn while any such cash collateral remains, to the repayment of obligations in respect of any Revolving
Credit Loans that have not been paid at such time and third, to the Borrower or as otherwise directed by a court of competent jurisdiction. Nothing in this Section 3.4(a) shall affect the Borrower’s obligation to repay all
outstanding Revolving Credit Loans when due in accordance with the terms of this Agreement. 
 (b) The obligation of the Borrower to
reimburse the applicable Letter of Credit Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement
under all circumstances, including the following: 
 (i) any lack of validity or enforceability of this Agreement, any of the
other Credit Documents, or any Letter of Credit; 

  
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 (ii) the existence of any claim, set-off, defense or other right that the
Borrower may have at any time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, the applicable Letter of Credit Issuer, any
Lender or other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated transactions (including any underlying transaction between the Borrower and the beneficiary named in any
such Letter of Credit); 
 (iii) any draft, demand, certificate or other document presented under such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing
under such Letter of Credit; 
 (iv) waiver by the applicable Letter of Credit Issuer of any requirement that exists for such
Letter of Credit Issuer’s protection and not the protection of the Borrower (or Holdings or other Restricted Subsidiary) or any waiver by such Letter of Credit Issuer which does not in fact materially prejudice the Borrower (or Holdings or
other Restricted Subsidiary); 
 (v) any payment made by the applicable Letter of Credit Issuer in respect of an otherwise
complying item presented after the date specified as the expiration date of, or the date by which documents must be received under, such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable;

 (vi) any payment by the applicable Letter of Credit Issuer under such Letter of Credit against presentation of a draft or
certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by such Letter of Credit Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee
for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under the Bankruptcy Code; 

(vii) honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form
of a draft; 
 (viii) any adverse change in any relevant exchange rates or in the relevant currency markets generally; or

 (ix) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower (or Holdings or other Restricted Subsidiary) (other than the defense of payment or performance). 

(c) The Borrower shall not be obligated to reimburse the applicable Letter of Credit Issuer for any wrongful payment made by such Letter of
Credit Issuer under a Letter of Credit issued by it, which wrongful payment was made as a result of acts or omissions of such Letter of Credit Issuer determined in the final non-appealable judgment of a court of competent jurisdiction to constitute
willful misconduct or gross negligence on the part of such Letter of Credit Issuer. 

  
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 3.5 Increased Costs. If after the Closing Date, any Change in Law shall either
(x) impose, modify or make applicable any reserve, deposit, capital adequacy, liquidity or similar requirement against letters of credit issued by such Letter of Credit Issuer, or any L/C Participant’s L/C Participation therein, or
(y) impose on such Letter of Credit Issuer or any L/C Participant any other conditions or costs affecting its obligations under this Agreement in respect of Letters of Credit or L/C Participations therein or any Letter of Credit or such L/C
Participant’s L/C Participation therein, and the result of any of the foregoing is to increase the actual cost to such Letter of Credit Issuer or such L/C Participant of issuing, maintaining or participating in any Letter of Credit, or to
reduce the actual amount of any sum received or receivable by such Letter of Credit Issuer or such L/C Participant hereunder (including any increased costs or reductions attributable to Taxes, other than any such increase or reduction attributable
to (i) Taxes indemnifiable under Section 5.4 or (ii) Excluded Taxes) in respect of Letters of Credit or L/C Participations therein, then, promptly after receipt of written demand to the Borrower by such Letter of Credit Issuer
or such L/C Participant, as the case may be (a copy of which notice shall be sent by such Letter of Credit Issuer or such L/C Participant to the Administrative Agent (with respect to a Letter of Credit issued on account of the Borrower (or Holdings
or other Restricted Subsidiary))), the Borrower shall pay to such Letter of Credit Issuer or such L/C Participant such actual additional amount or amounts as will compensate such Letter of Credit Issuer or such L/C Participant for such increased
cost or reduction, it being understood and agreed, however, that such Letter of Credit Issuer or an L/C Participant shall not be entitled to such compensation as a result of such Person’s compliance with, or pursuant to any request or directive
to comply with, any such law, rule or regulation as in effect on the Closing Date. A certificate submitted to the Borrower by the relevant Letter of Credit Issuer or an L/C Participant, as the case may be (a copy of which certificate shall be sent
by such Letter of Credit Issuer or such L/C Participant to the Administrative Agent), setting forth in reasonable detail the basis for the determination of such actual additional amount or amounts necessary to compensate such Letter of Credit Issuer
or such L/C Participant as aforesaid shall be conclusive and binding on the Borrower absent clearly demonstrable error. 
 3.6 New or
Successor Letter of Credit Issuer. 
 (a) Any Letter of Credit Issuer may resign as a Letter of Credit Issuer upon 60 days’ prior
written notice to the Administrative Agent, the Lenders, Holdings, and the Borrower. The Borrower may replace any Letter of Credit Issuer for any reason upon written notice to the Administrative Agent and the Letter of Credit Issuer. The Borrower
may add Letter of Credit Issuers at any time upon notice to the Administrative Agent. If any Letter of Credit Issuer shall resign or be replaced, or if the Borrower shall decide to add a new Letter of Credit Issuer under this Agreement, then the
Borrower may appoint from among the Lenders a successor issuer of Letters of Credit or a new Letter of Credit Issuer, as the case may be, or, with the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed),
another successor or new issuer of Letters of Credit, whereupon such successor issuer accepting such appointment shall succeed to the rights, powers and duties of the replaced or resigning Letter of Credit Issuer under this Agreement and the other
Credit Documents (other than any rights to indemnity payments owed to the replaced or resigning Letter of Credit Issuer), or such new issuer of Letters of Credit accepting such appointment shall be granted the rights, powers and duties of the
applicable Letter of Credit Issuer hereunder, and the term Letter of Credit Issuer shall mean such successor or such new issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement shall become effective,
the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and unpaid fees applicable to the applicable Letters of Credit pursuant to Sections 4.1(b) and 4.1(d). The acceptance of any appointment as a
Letter of Credit Issuer hereunder whether as a successor issuer or new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form
reasonably satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such 

  
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agreement, such new or successor issuer of Letters of Credit shall become a Letter of Credit Issuer hereunder. After the resignation or replacement of a Letter of Credit Issuer hereunder, the
resigning or replaced Letter of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of Credit
issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit or amend or increase any outstanding Letter of Credit. In connection with any resignation or replacement pursuant to this
clause (a) (but, in case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the
successor issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or
(ii) the Borrower shall cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue “back-stop” Letters of Credit (in form and
substance reasonably satisfactory to the resigning or replaced Letter of Credit Issuer) naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of
Credit Issuer, which new Letters of Credit shall be denominated in the same currency as, and shall have a Stated Amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a
drawing on the corresponding back-stopped Letters of Credit. After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to a Letter of Credit Issuer
shall inure to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer.

 (b) To the extent there are, at the time of any resignation or replacement as set forth in clause (a) above, any outstanding
Letters of Credit, nothing herein shall be deemed to impact or impair any rights and obligations of any of the parties hereto with respect to such outstanding Letters of Credit (including, without limitation, any obligations related to the payment
of Fees or the reimbursement or funding of amounts drawn), except that the Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall have the obligations regarding outstanding Letters of Credit
described in clause (a) above. 
 3.7 Role of Letter of Credit Issuer. Each Lender and the Borrower agree that, in paying
any drawing under a Letter of Credit, no Letter of Credit Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as
to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the Letter of Credit Issuers, the Administrative Agent, any of their respective Affiliates nor any correspondent,
participant or assignee of any Letter of Credit Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Required Revolving Credit Lenders; (ii) any action
taken or omitted in the absence of gross negligence or willful misconduct as determined in the final non-appealable judgment of a court of competent jurisdiction; or (iii) the due execution, effectiveness, validity or enforceability of any
document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided that this
assumption is not intended to, and shall not, preclude the Borrower’s pursuit of such rights and remedies as they may have against the beneficiary or transferee at law or under any other agreement. None of the Letter of Credit Issuers, the
Administrative Agent, any of their respective Affiliates nor any correspondent, participant or assignee of any Letter of Credit Issuer shall be liable or responsible for any of the matters described in Section 3.3(b); provided
that anything in such Section to the contrary notwithstanding, the Borrower may have a claim against the applicable Letter 

  
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of Credit Issuer, and such Letter of Credit Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential, indirect, punitive, special or
exemplary damages suffered by the Borrower which the Borrower proves were caused by such Letter of Credit Issuer’s willful misconduct or gross negligence or such Letter of Credit Issuer’s willful failure to pay under any Letter of Credit
after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit in each case as determined in the final non-appealable judgment of a court of competent
jurisdiction. In furtherance and not in limitation of the foregoing, any applicable Letter of Credit Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or
information to the contrary, and such Letter of Credit Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, notwithstanding that such instrument may prove to be invalid or ineffective for any reason. 

Any Letter of Credit Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide
Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 

3.8 Cash Collateral. 

(a) Certain Credit Support Events. Upon the written request of the Administrative Agent or any applicable Letter of Credit Issuer, if
(i) as of the L/C Facility Maturity Date, any L/C Obligation for any reason remains outstanding, (ii) the Borrower shall be required to provide Cash Collateral pursuant to Section 11.13, or (iii) the provisions of
Section 2.16(a)(v) are in effect, the Borrower shall immediately (in the case of clause (ii) above) or within one Business Day (in all other cases) following any written request by the Administrative Agent or any applicable
Letter of Credit Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iii) above, after giving effect to
Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender). 
 (b) Grant of Security Interest. The
Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grant to (and subject to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Letter of Credit Issuers and the
Revolving Credit Lenders, and agree to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein as described in Section 3.8(a), and all other property so provided as collateral pursuant
hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 3.8(c). If at any time the Administrative Agent determines that Cash Collateral is subject
to any right or claim of any Person other than the Administrative Agent or the Letter of Credit Issuers as herein provided, other than Permitted Liens, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount
(including, without limitation, as a result of exchange rate fluctuations), the Borrower will, promptly upon written demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to
eliminate such deficiency. Cash Collateral shall be maintained in blocked, interest bearing deposit accounts with the Administrative Agent. The Borrower shall pay on demand therefor from time to time all customary account opening, activity and other
administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. 
 (c) Application.
Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 3.8 or Sections 2.16, 5.2, or 11.13 in respect of Letters

  
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of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting
Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein. 

(d) Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations shall be released
promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following
compliance with Section 13.6(b)(ii)) or there is no longer existing an Event of Default) or (ii) the determination by the Administrative Agent and the Letter of Credit Issuers that there exists excess Cash Collateral. 

3.9 Applicability of ISP and UCP. Unless otherwise expressly agreed by any applicable Letter of Credit Issuer and the Borrower when a
Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no Letter of Credit Issuer shall be responsible to the Borrower for, and such Letter of Credit Issuer’s rights and remedies
against the Borrower shall not be impaired by, any action or inaction of such Letter of Credit Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement,
including the applicable law or any order of any Governmental Authority in a jurisdiction where the applicable Letter of Credit Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions,
opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade (BAFT), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses
such law or practice. 
 3.10 Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of
any Issuer Document, the terms hereof shall control and, to the extent of any such conflict, any grant of security interest in any Issuer Documents shall be void. 

3.11 Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is
in support of any obligations of, or is for the account of, Holdings or a Restricted Subsidiary, the Borrower shall be obligated to reimburse any applicable Letter of Credit Issuer hereunder for any and all drawings under such Letter of Credit. The
Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Holdings or any other Restricted Subsidiaries inures to the benefit of the Borrower and that the Borrower’s business derives substantial benefits from the
businesses of Holdings and the other Restricted Subsidiaries. 
 3.12 Provisions Related to Extended Revolving Credit Commitments. If
the Letter of Credit Expiration Date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the applicable Letter of Credit Issuer that issued such Letter
of Credit, if one or more other tranches of Revolving Credit Commitments in respect of which the Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall
automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Sections
3.3 and 3.4) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving
Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrower
shall Cash Collateralize any such Letter of Credit in accordance with Section 3.8. Upon the maturity date of any tranche of Revolving Credit Commitments, the sublimit for Letters of Credit may be reduced as agreed between the applicable
Letter of Credit Issuer and the Borrower, without the consent of any other Person. 

  
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	Section 4.	Fees 

 4.1 Fees. 

(a) Without duplication, the Borrower agrees to pay to the Administrative Agent in Dollars, for the account of each Revolving Credit Lender
(in each case pro rata according to the respective Revolving Credit Commitments of all such Lenders), a commitment fee (the “Commitment Fee”) for each day from the Closing Date to the Revolving Credit Termination Date. Each
Commitment Fee shall be payable (x) quarterly in arrears on the last Business Day of each March, June, September, and December (for the three-month period (or portion thereof) ended on such day for which no payment has been received) and
(y) on the Revolving Credit Termination Date (for the period ended on such date for which no payment has been received pursuant to clause (x) above), and shall be computed for each day during such period at a rate per annum equal to
the Commitment Fee Rate in effect on such day on the Available Commitment in effect on such day. 
 (b) Without duplication, the Borrower
agrees to pay to the Administrative Agent in Dollars for the account of the Revolving Credit Lenders pro rata on the basis of their respective Letter of Credit Exposure, a fee in respect of each Letter of Credit issued on the Borrower’s or any
of the other Restricted Subsidiaries’ behalf (the “Letter of Credit Fee”), for the period from the date of issuance of such Letter of Credit to the termination date of such Letter of Credit computed at the per annum rate for
each day equal to the Applicable Margin for LIBOR Rate Revolving Credit Loans less the Fronting Fee set forth in clause (d) below. Except as provided below, such Letter of Credit Fees shall be due and payable (x) quarterly in
arrears on the last Business Day of each March, June, September, and December and (y) on the date upon which the Total Revolving Credit Commitment terminates and the L/C Obligations shall have been reduced to zero. 

(c) Without duplication, the Borrower agrees to pay to the Administrative Agent in Dollars, for its own account, administrative agent fees as
have been previously agreed in writing or as may be agreed in writing from time to time. 
 (d) Without duplication, the Borrower agrees to
pay to any applicable Letter of Credit Issuer a fee in Dollars in respect of each Letter of Credit issued by it for the Borrower (the “Fronting Fee”), computed on the amount of such Letter of Credit, for the period from the date of
issuance of such Letter of Credit to the termination or expiration of such Letter of Credit without any pending drawing thereon, computed at the rate for each day equal to 0.125% per annum on the average daily Stated Amount of such Letter of
Credit (or at such other rate per annum as agreed in writing between the Borrower and such Letter of Credit Issuer). Such Fronting Fees shall be due and payable (x) quarterly in arrears on the last Business Day of each of March, June, September
and December and (y) on the date upon which the Total Revolving Credit Commitment terminates and the L/C Obligations shall have been reduced to zero. 

(e) Without duplication, the Borrower agrees to pay directly to any applicable Letter of Credit Issuer in Dollars upon each issuance or
renewal of, drawing under, and/or amendment of, a Letter of Credit issued by it such amount as shall at the time of such issuance or renewal of, drawing under, and/or amendment be the processing charge that such Letter of Credit Issuer is
customarily charging for issuances or renewals of, drawings under or amendments of, letters of credit issued by it. 

  
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 (f) Without duplication, the Borrower agrees to pay to CS Securities (USA) LLC, as joint lead
arranger, a ticking fee at a rate per annum in respect of the $775,000,000 aggregate principal amount of the Initial Term Loan Commitments (calculated on the basis of the actual number of days elapsed in a 360-day year) that shall be equal to
(x) for the period commencing on and including September 14, 2014 to but excluding October 13, 2014, 3.00%, and (y) thereafter, 6.00%, for allocation and distribution in accordance with the terms of a separate letter agreement
among CS Securities (USA) LLC, the Borrower and Holdings. 
 (g) Notwithstanding the foregoing, the Borrower shall not be obligated to pay
any amounts to any Defaulting Lender pursuant to this Section 4.1. 
 4.2 Voluntary Reduction of Revolving Credit
Commitments. Upon at least two Business Days’ prior written notice to the Administrative Agent at the Administrative Agent’s Office (which notice thereof the Administrative Agent shall promptly transmit to each of the Lenders), the
Borrower shall have the right, without premium or penalty, on any day, permanently to terminate or reduce the Revolving Credit Commitments in whole or in part; provided that (a) any such reduction shall apply proportionately and
permanently to reduce the Revolving Credit Commitment of each of the Lenders of any applicable Class, except that (i) notwithstanding the foregoing, in connection with the establishment on any date of any Extended Revolving Credit Commitments
pursuant to Section 2.14(g), the Revolving Credit Commitments of any one or more Lenders providing any such Extended Revolving Credit Commitments on such date shall be reduced in an amount equal to the amount of Revolving Credit
Commitments so extended on such date (provided that (x) after giving effect to any such reduction and to the repayment of any Revolving Credit Loans made on such date, the Revolving Credit Exposure of any such Lender does not exceed the
Revolving Credit Commitment thereof and (y) for the avoidance of doubt, any such repayment of Revolving Credit Loans contemplated by the preceding clause shall be made in compliance with the requirements of Section 5.3(a) with
respect to the ratable allocation of payments hereunder, with such allocation being determined after giving effect to any conversion pursuant to Section 2.14(g) of Revolving Credit Commitments and Revolving Credit Loans into Extended
Revolving Credit Commitments and Extended Revolving Credit Loans pursuant to Section 2.14(g) prior to any reduction being made to the Revolving Credit Commitment of any other Lender) and (ii) the Borrower may at its election
permanently reduce the Revolving Credit Commitment of a Defaulting Lender to $0 without affecting the Revolving Credit Commitments of any other Lender, (b) any partial reduction pursuant to this Section 4.2 shall be in the amount of
at least $5,000,000, and (c) after giving effect to such termination or reduction and to any prepayments of the Loans made on the date thereof in accordance with this Agreement, the aggregate amount of the Lenders’ Revolving Credit
Exposures shall not exceed the Total Revolving Credit Commitment and the aggregate amount of the Lenders’ Revolving Credit Exposures in respect of any Class shall not exceed the aggregate Revolving Credit Commitment of such Class. 

4.3 Mandatory Termination of Commitments. 

(a) The Initial Term Loan Commitments shall terminate at 5:00 p.m. (New York City time) on the Closing Date. 

(b) The Revolving Credit Commitment shall terminate at 5:00 p.m. (New York City time) on the Revolving Credit Maturity Date. 

(c) The New Term Loan Commitment for any Series shall, unless otherwise provided in the applicable Joinder Agreement, terminate at 5:00 p.m.
(New York City time) on the Increased Amount Date for such Series. 
  

  
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	Section 5.	Payments 

 5.1 Voluntary Prepayments. (a) The Borrower shall have the right
to prepay Loans, including Term Loans and Revolving Credit Loans, as applicable, in each case, other than as set forth in Section 5.1(b), without premium or penalty, in whole or in part from time to time on the following terms and
conditions: (1) the Borrower shall give the Administrative Agent at the Administrative Agent’s Office written notice of its intent to make such prepayment, the amount of such prepayment and (in the case of LIBOR Loans) the specific
Borrowing(s) pursuant to which made, which notice shall be given by the Borrower no later than 12:00 Noon (New York City time) (i) in the case of LIBOR Loans, three Business Days prior to, or (ii) in the case of ABR Loans, one Business Day
prior to, the date of such prepayment and notice thereof shall promptly be transmitted by the Administrative Agent to each of the Lenders; (2) each partial prepayment of (i) any Borrowing of LIBOR Loans shall be in a minimum amount of
$5,000,000 and in multiples of $1,000,000 in excess thereof and (ii) any ABR Loans shall be in a minimum amount of $1,000,000 and in multiples of $100,000 in excess thereof, provided that no partial prepayment of LIBOR Loans made
pursuant to a single Borrowing shall reduce the outstanding LIBOR Loans made pursuant to such Borrowing to an amount less than the applicable Minimum Borrowing Amount for such LIBOR Loans, and (3) in the case of any prepayment of LIBOR Loans
pursuant to this Section 5.1 on any day other than the last day of an Interest Period applicable thereto, the Borrower shall, promptly after receipt of a written request by any applicable Lender (which request shall set forth in
reasonable detail the basis for requesting such amount), pay to the Administrative Agent for the account of such Lender any amounts required pursuant to Section 2.11. Each prepayment in respect of any Term Loans pursuant to this
Section 5.1 shall be (a) applied to the Class or Classes of Term Loans as the Borrower may specify and (b) applied to reduce Initial Term Loan Repayment Amounts, any New Term Loan Repayment Amounts, and, subject to
Section 2.14(g), Extended Term Loan Repayment Amounts, as the case may be, in each case, in such order as the Borrower may specify. At the Borrower’s election in connection with any prepayment pursuant to this
Section 5.1, such prepayment shall not be applied to any Term Loan or Revolving Credit Loan of a Defaulting Lender. 
 (b) In
the event that, on or prior to the twelve-month anniversary of the Closing Date, the Borrower (i) makes any prepayment of Initial Term Loans in connection with any Repricing Transaction the primary purpose of which is to decrease the Effective
Yield on such Term Initial Term Loans or (ii) effects any amendment of this Agreement resulting in a Repricing Transaction the primary purpose of which is to decrease the Effective Yield on the Initial Term Loans, the Borrower shall pay to the
Administrative Agent, for the ratable account of each of the applicable Lenders, (x) in the case of clause (i), a prepayment premium of 1.00% of the principal amount of the Initial Term Loans being prepaid in connection with such Repricing
Transaction and (y) in the case of clause (ii), an amount equal to 1.00% of the aggregate amount of the applicable Initial Term Loans outstanding immediately prior to such amendment that are subject to an effective pricing reduction pursuant to
such Repricing Transaction. 
 5.2 Mandatory Prepayments. 

(a) Term Loan Prepayments. 

(i) On each occasion that a Prepayment Event occurs, the Borrower shall, within three Business Days after receipt of the Net
Cash Proceeds of a Debt Incurrence Prepayment Event (other than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within ten
Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans with an equivalent principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event;
provided that, with respect to the Net Cash Proceeds 

  
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of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback, in each case solely to the extent with respect to any Collateral, the Borrower may use a portion of such Net Cash
Proceeds to prepay or repurchase Permitted Other Indebtedness (and with such prepaid or repurchased Permitted Other Indebtedness permanently extinguished) with a Lien on the Collateral ranking pari passu with the Liens securing the
Obligations to the extent any applicable Permitted Other Indebtedness Document requires the issuer of such Permitted Other Indebtedness to prepay or make an offer to purchase such Permitted Other Indebtedness with the proceeds of such Prepayment
Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of the Permitted Other Indebtedness with
a Lien on the Collateral ranking pari passu with the Liens securing the Obligations and with respect to which such a requirement to prepay or make an offer to purchase exists and the denominator of which is the sum of the outstanding
principal amount of such Permitted Other Indebtedness and the outstanding principal amount of Term Loans. 
 (ii) Not later
than ten Business Days after the date on which financial statements are required to be delivered pursuant to Section 9.1(a) for any fiscal year (commencing with and including the fiscal year ending December 26, 2015), the Borrower shall
prepay (or cause to be prepaid), in accordance with clause (c) below, Term Loans with a principal amount equal to (x) 50% of Excess Cash Flow for such fiscal year; provided that (A) the percentage in this
Section 5.2(a)(ii) shall be reduced to 25% if the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (prior to giving effect thereto but giving effect to any prepayment described in clause
(y) below and as certified by an Authorized Officer of the Borrower) for the most recent Test Period ended prior to such prepayment date is less than or equal to 3.00 to 1.00 but greater than 2.00 to 1.00 and (B) no payment of any Term
Loans shall be required under this Section 5.2(a)(ii) if the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (prior to giving effect thereto but giving effect to any prepayment described in
clause (y) below and as certified by an Authorized Officer of The Borrower) for the most recent Test Period ended prior to such prepayment date is less than or equal to 2.00 to 1.00, minus (y) (i) the principal amount of Term
Loans voluntarily prepaid pursuant to Section 5.1 or Section 13.6(h) (including purchases of the Loans by the Borrower and its Subsidiaries at or below par, in which case the amount of voluntary prepayments of Loans shall be
deemed not to exceed the actual purchase price of such Loans below par) during such fiscal year or after such fiscal year and prior to the date of the required Excess Cash Flow payment, and (ii) to the extent accompanied by permanent optional
reductions of Revolving Credit Commitments, Extended Revolving Credit Commitments or Incremental Revolving Credit Commitment, as applicable, Revolving Credit Loans, Extended Revolving Credit Loans, Incremental Revolving Credit Loans, in each case,
other than to the extent any such prepayment is funded with the proceeds of long-term Indebtedness. 
 (iii) On each occasion
that Permitted Other Indebtedness is issued or incurred pursuant to Section 10.1(w), the Borrower shall within three Business Days of receipt of the Net Cash Proceeds of such Permitted Other Indebtedness prepay, in accordance with
clause (c) below, Term Loans with a principal amount equal to 100% of the Net Cash Proceeds from such issuance or incurrence of Permitted Other Indebtedness. 

(iv) Notwithstanding any other provisions of this Section 5.2, (A) to the extent that any or all of the Net
Cash Proceeds of any Prepayment Event by a Foreign Subsidiary giving rise to a prepayment pursuant to clause (i) above (a “Foreign Prepayment Event”) or Excess Cash Flow are prohibited or delayed by any Requirement of
Law from being repatriated to the Credit 

  
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Parties, an amount equal to the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Loans at the times provided in clauses
(i) and (ii) above, as the case may be, but only so long, as the applicable Requirement of Law will not permit repatriation to the Credit Parties (the Credit Parties hereby agreeing to cause the applicable Foreign Subsidiary to
promptly take all actions reasonably required by the applicable Requirement of Law to permit repatriation), and once a repatriation of any of such affected Net Cash Proceeds or Excess Cash Flow is permitted under the applicable Requirement of Law,
an amount equal to such Net Cash Proceeds or Excess Cash Flow will be promptly (and in any event not later than ten Business Days after such repatriation is permitted) applied (net of any taxes that would be payable or reserved against if such
amounts were actually repatriated whether or not they are repatriated) to the repayment of the Loans pursuant to clauses (i) and (ii) above, as applicable, and (B) to the extent that the Borrower has determined in good
faith that repatriation of any of or all the Net Cash Proceeds of any Foreign Prepayment Event or Excess Cash Flow would have a material adverse tax consequence with respect to such Net Cash Proceeds or Excess Cash Flow, an amount equal to the Net
Cash Proceeds or Excess Cash Flow so affected may be retained by the applicable Foreign Subsidiary; provided that in the case of this clause (B), on or before the date on which any Net Cash Proceeds from any Foreign Prepayment Event so
retained would otherwise have been required to be applied to reinvestments or prepayments pursuant to clause (i) above or, in the case of Excess Cash Flow, a date on or before the date that is eighteen months after the date an amount
equal to such Excess Cash Flow would have so required to be applied to prepayments pursuant to clause (ii) above unless previously actually repatriated in which case such repatriated Excess Cash Flow shall have been promptly applied to
the repayment of the Term Loans pursuant to clause (ii) above, (x) the Borrower shall apply an amount equal to such Net Cash Proceeds or Excess Cash Flow to such reinvestments or prepayments as if such Net Cash Proceeds or
Excess Cash Flow had been received by the Credit Parties rather than such Foreign Subsidiary, less the amount of any taxes that would have been payable or reserved against if such Net Cash Proceeds or Excess Cash Flow had been repatriated (or, if
less, the Net Cash Proceeds or Excess Cash Flow that would be calculated if received by such Foreign Subsidiary) or (y) such Net Cash Proceeds or Excess Cash Flow shall be applied to the repayment of Indebtedness of a Foreign Subsidiary. For
the avoidance of doubt, nothing in this Agreement, including Section 5 shall be construed to require any Foreign Subsidiary to repatriate cash. 

(b) Repayment of Revolving Credit Loans. (i) If on any date the aggregate amount of the Lenders’ Revolving Credit Exposures
in respect of any Class of Revolving Loans for any reason exceeds 100% of the Revolving Credit Commitment of such Class then in effect, the Borrower shall forthwith repay on such date Revolving Loans of such Class in an amount equal to such excess.
If after giving effect to the prepayment of all outstanding Revolving Loans of such Class, the Revolving Credit Exposures of such Class exceed the Revolving Credit Commitment of such Class then in effect, the Borrower shall Cash Collateralize the
Letters of Credit Outstanding in relation to such Class to the extent of such excess. 
 (c) Application to Repayment Amounts.
Subject to Section 5.2(f), each prepayment of Term Loans required by Section 5.2(a)(i) or (ii) shall be allocated pro rata among the Initial Term Loans, the New Term Loans and the Extended Term Loans based on the
applicable remaining Repayment Amounts due thereunder and shall be applied within each Class of Term Loans in respect of such Term Loans in direct order of maturity thereof or as otherwise directed by the Borrower; provided that if any Class
of Extended Term Loans have been established hereunder, the Borrower may allocate such prepayment in its sole discretion to the Term Loans of the Existing Term Loan Class, if any, from which such Extended Term Loans were converted (except, as to
Term Loans made pursuant to a Joinder Agreement, as otherwise set forth in such Joinder Agreement, or as to a Replacement Term Loan). Subject to Section 5.2(f), 

  
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with respect to each such prepayment, the Borrower will, not later than the date specified in Section 5.2(a) for making such prepayment, give the Administrative Agent written notice
which shall include a calculation of the amount of such prepayment to be applied to each Class of Term Loans requesting that the Administrative Agent provide notice of such prepayment to each Initial Term Loan Lender, New Term Loan Lender, or
Extended Term Loan Lender, as applicable. 
 (d) Application to Term Loans. With respect to each prepayment of Term Loans required by
Section 5.2(a), the Borrower may, if applicable, designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made; provided, that if any Lender has provided a Rejection Notice in compliance
with Section 5.2(f), such prepayment shall be applied with respect to the Term Loans to be prepaid on a pro rata basis across all outstanding Types of such Term Loans in proportion to the percentage of such outstanding Term Loans to be
prepaid represented by each such Class. In the absence of a Rejection Notice or a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable
discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11. 
 (e) Application to
Revolving Credit Loans. With respect to each prepayment of Revolving Credit Loans, the Borrower may designate (i) the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made and (ii) the Revolving
Loans to be prepaid, provided that (y) each prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans; and (z) notwithstanding the provisions of the preceding clause (y), no prepayment of
Revolving Loans shall be applied to the Revolving Credit Loans of any Defaulting Lender unless otherwise agreed in writing by the Borrower. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative
Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11. 

(f) Rejection Right. Holdings or the Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of Term
Loans required to be made pursuant to Section 5.2(a) at least three Business Days prior to the date of such prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the
amount of such prepayment. The Administrative Agent will promptly notify each Lender holding Term Loans of the contents of such prepayment notice and of such Lender’s pro rata share of the prepayment. Each Term Loan Lender may reject all (but
not less than all) of its pro rata share of any mandatory prepayment other than any such mandatory prepayment with respect to a Debt Incurrence Prepayment Event under Section 5.2(a)(i) or Permitted Other Indebtedness under
Section 5.2(a)(iii) (such declined amounts, the “Declined Proceeds”) of Term Loans required to be made pursuant to Section 5.2(a) by providing written notice (each, a “Rejection Notice”) to
the Administrative Agent no later than 5:00 p.m. (New York City time) one Business Day after the date of such Lender’s receipt of notice from the Administrative Agent regarding such prepayment. If a Lender fails to deliver a Rejection Notice to
the Administrative Agent within the time frame specified above, any such failure will be deemed an acceptance of the total amount of such mandatory prepayment of Term Loans. Any Declined Proceeds remaining after offering such Declined Proceeds shall
be retained by the Borrower (“Retained Declined Proceeds”). 
 5.3 Method and Place of Payment. 

(a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made by the Borrower, without set-off,
counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Lenders entitled thereto or the Letter of Credit Issuers entitled thereto, as the case may be, not later than 2:00 p.m. (New York City time), in each
case, on the date when due and shall be made in immediately available funds at the Administrative Agent’s Office or 

  
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at such other office as the Administrative Agent shall specify for such purpose by notice to the Borrower, it being understood that written or facsimile notice by the Borrower to the
Administrative Agent to make a payment from the funds in the Borrower’s account at the Administrative Agent’s Office shall constitute the making of such payment to the extent of such funds held in such account. All repayments or
prepayments of any Loans (whether of principal, interest or otherwise) hereunder shall be made in the currency in which such Loans are denominated and all other payments under each Credit Document shall, unless otherwise specified in such Credit
Document, be made in Dollars. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 2:00 p.m. (New York City time) or, otherwise, on the next Business
Day in the Administrative Agent’s sole discretion) like funds relating to the payment of principal or interest or Fees ratably to the Lenders entitled thereto. 

(b) Any payments under this Agreement that are made later than 2:00 p.m. (New York City time) may be deemed to have been made on the next
succeeding Business Day in the Administrative Agent’s sole discretion for purposes of calculating interest thereon. Except as otherwise provided herein, whenever any payment to be made hereunder shall be stated to be due on a day that is not a
Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such
extension. 
 5.4 Net Payments. 

(a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i) Any and all payments by or on account of any obligation of any Credit Party hereunder or under any other Credit Document
shall to the extent permitted by applicable laws be made free and clear of and without reduction or withholding for any Taxes. 

(ii) If any Credit Party, the Administrative Agent or any other applicable Withholding Agent shall be required by applicable
law to withhold or deduct any Taxes from any payment, then (A) such Withholding Agent shall withhold or make such deductions as are reasonably determined by such Withholding Agent to be required by applicable law, (B) such Withholding
Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by the
applicable Credit Party shall be increased as necessary so that after any required withholding or deductions have been made (including withholding or deductions applicable to additional sums payable under this Section 5.4) each Lender
(or, in the case of a payment to the Administrative Agent for its own account, the Administrative Agent) receives an amount equal to the sum it would have received had no such withholding or deductions been made. 

(b) Payment of Other Taxes by the Borrower. Without limiting the provisions of subsection (a) above, the Borrower shall timely pay
any Other Taxes to the relevant Governmental Authority in accordance with applicable law or timely reimburse the Administrative Agent or any Lender for the payment of any Other Taxes. 

(c) Tax Indemnifications. Without limiting the provisions of subsection (a) or (b) above, the Borrower shall indemnify the
Administrative Agent and each Lender, and shall make payment in respect thereof within 15 days after demand therefor, for the full amount of Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable 

  
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under this Section 5.4) payable by the Administrative Agent or such Lender, as the case may be, and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of any such payment or liability (along with a written statement setting forth in reasonable
detail the basis and calculation of such amounts) delivered to the Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. If the Borrower reasonably believes that
any such Indemnified Taxes or Other Taxes were not correctly or legally asserted, the Administrative Agent and/or each affected Lender will use reasonable efforts to cooperate with the Borrower in pursuing a refund of such Indemnified Taxes or Other
Taxes so long as such efforts would not, in the sole determination of the Administrative Agent or affected Lender, result in any additional costs, expenses or risks or be otherwise disadvantageous to it. 

(d) Evidence of Payments. After any payment of Taxes by any Credit Party or the Administrative Agent to a Governmental Authority as
provided in this Section 5.4, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of any return required by laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Administrative Agent, as the case may be. 

(e) Status of Lenders and Tax Documentation. 

(i) Each Lender shall deliver to the Borrower and to the Administrative Agent, at such time or times reasonably requested by
the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable laws or by the taxing authorities of any jurisdiction and such other reasonably requested information as will permit the Borrower
or the Administrative Agent, as the case may be, to determine (A) whether or not any payments made hereunder or under any other Credit Document are subject to Taxes, (B) if applicable, the required rate of withholding or deduction, and
(C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of any payments to be made to such Lender by any Credit Party pursuant to any Credit Document or otherwise to establish such
Lender’s status for withholding tax purposes in the applicable jurisdiction. Any documentation and information required to be delivered by a Lender pursuant to this Section 5.4(e) (including any specific documentation set forth in
subsection (ii) below) shall be delivered by such Lender (i) on or prior to the Closing Date (or on or prior to the date it becomes a party to this Agreement), (ii) on or before any date on which such documentation expires or becomes
obsolete or invalid, (iii) after the occurrence of any change in the Lender’s circumstances requiring a change in the most recent documentation previously delivered by it to the Borrower and the Administrative Agent, and (iv) from
time to time thereafter if reasonably requested by the Borrower or the Administrative Agent, and each such Lender shall promptly notify in writing the Borrower and the Administrative Agent if such Lender is no longer legally eligible to provide any
documentation previously provided. 
 (ii) Without limiting the generality of the foregoing: 

 

	 	(A)	any Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Code (a “U.S. Lender”) shall deliver to the Borrower and the Administrative Agent executed
originals of IRS Form W-9 or such other documentation or information prescribed by applicable laws or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent, as the case may be, to
determine whether or not such Lender is subject to backup withholding or information reporting requirements; 

  
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	 	(B)	each Non-U.S. Lender that is entitled under the Code or any applicable treaty to an exemption from or reduction of U.S. federal withholding tax with respect to any payments hereunder or under any other Credit Document
shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) whichever of the following is applicable: 

(1) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, (or any successor form thereto) claiming
eligibility for benefits of an income tax treaty to which the United States is a party; 
 (2) executed originals of IRS
Form W-8ECI (or any successor form thereto); 
 (3) in the case of a Non-U.S. Lender claiming the benefits of the exemption
for portfolio interest under Section 881(c) of the Code, (x) a certificate, substantially in the form of Exhibit J-1, J-2, J-3 or J-4, as applicable, (a “Non-Bank Tax Certificate”), to the
effect that such Non-U.S. Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the
Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and that no payments under any Credit Document are effectively connected with such Non-U.S. Lender’s conduct of a United States
trade or business and (y) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or any successor thereto); 

(4) where such Lender is a partnership (for U.S. federal income tax purposes) or otherwise not a beneficial owner (e.g., where
such Lender has sold a participation), IRS Form W-8IMY (or any successor thereto) and all required supporting documentation (including, where one or more of the underlying beneficial owner(s) is claiming the benefits of the portfolio interest
exemption, a Non-Bank Tax Certificate of such beneficial owner(s)) (provided that, if the Non-U.S. Lender is a partnership, the Non-Bank Tax Certificate(s) may be provided by the Non-U.S. Lender on behalf of the direct or indirect
partner(s)); or 
 (5) executed originals of any other form prescribed by applicable laws as a basis for claiming exemption
from or a reduction in United States federal withholding tax together with such supplementary documentation as may be prescribed by applicable laws to permit the Borrower or the Administrative Agent to determine the withholding or deduction required
to be made; 
  

	 	(C)	 if a payment made to a Lender under any Credit Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail
to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower or the 

  
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Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested
by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender has complied with such Lender’s obligations under FATCA
or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this clause (C), FATCA shall include any amendments made to FATCA after the date of this Agreement; and 

 

	 	(D)	If the Administrative Agent is a “United States person” (as defined in Section 7701(a)(30) of the Code), it shall provide Holdings with two duly completed original copies of IRS Form W-9. If the
Administrative Agent is not a “United States person” (as defined in Section 7701(a)(3) of the Code), it shall provide applicable Form W-8 (together with required accompanying documentation) with respect to payments to be received by
it on behalf of the Lenders. 

 (iii) The Administrative Agent shall deliver to the Borrower, on or before the
date on which it becomes the Administrative Agent hereunder, either (i) a duly executed original IRS Form W-9 (or any applicable successor form) certifying that the Administrative Agent is not subject to backup withholding, or (ii) a duly
executed original IRS Form W-8IMY (or any applicable successor form) certifying that the Administrative Agent is a “U.S. branch” and that the payments it receives for the account of others are not effectively connected with the conduct of
a trade or business in the United States and that it is using such form as evidence of its agreement with the Borrower to be treated as a United States person with respect to such payments (and the Borrower and the Administrative Agent agree to so
treat the Administrative Agent as a United States person with respect to such payments as contemplated by Treasury Regulation Section 1.1441-1(b)(2)(iv)(A)), with the effect that the Borrower can make payments to the Administrative Agent
without deduction or withholding of any Taxes imposed by the United States. The Administrative Agent shall promptly notify the Borrower at any time it determines that it is no longer in a position to provide the certification described in the
preceding sentence. 
 (iv) Notwithstanding anything to the contrary in this Section 5.4, no Lender or the
Administrative Agent shall be required to deliver any documentation that it is not legally eligible to deliver. 
 (f) Treatment of
Certain Refunds. If the Administrative Agent or any Lender determines, in its sole discretion exercised in good faith, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by any Credit Party
or with respect to which any Credit Party has paid additional amounts pursuant to this Section 5.4, the Administrative Agent or such Lender (as applicable) shall promptly pay to the Borrower an amount equal to such refund (but only to
the extent of indemnity payments made, or additional amounts paid, by the Credit Parties under this Section 5.4 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses
(including any Taxes) incurred by the Administrative Agent or such Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower,
upon the request of the Administrative Agent or such Lender, agree to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed 

  
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by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority. In such event, the Administrative Agent or such Lender, as the case may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice of assessment or other evidence of the requirement to repay such refund
received from the relevant taxing authority (provided that the Administrative Agent or such Lender may delete any information therein that it deems confidential). Notwithstanding anything to the contrary in this paragraph (f), in no event
will the Administrative Agent or any Lender be required to pay any amount to an indemnifying party pursuant to this paragraph (f) the payment of which would place the Administrative Agent or any Lender in a less favorable net after-Tax position
than the Administrative Agent or any Lender would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with
respect to such Tax had never been paid. This subsection shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to any
Credit Party or any other Person. 
 (g) For the avoidance of doubt, for purposes of this Section 5.4, the term
“Lender” includes the Letter of Credit Issuers and the term “applicable law” includes FATCA. 
 (h) Each party’s
obligations under this Section 5.4 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment,
satisfaction or discharge of all obligations under the Credit Documents. 
 5.5 Computations of Interest and Fees. 

(a) Except as provided in the next succeeding sentence, interest on LIBOR Loans shall be calculated on the basis of a 360-day year for the
actual days elapsed. Interest on ABR Loans shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. 

(b) Fees and the average daily Stated Amount of Letters of Credit shall be calculated on the basis of a 360-day year for the actual days
elapsed. 
 5.6 Limit on Rate of Interest. 

(a) No Payment Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any
interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation. 

(b) Payment at Highest Lawful Rate. If the Borrower is not obliged to make a payment that it would otherwise be required to make, as a
result of Section 5.6(a), the Borrower shall make such payment to the maximum extent permitted by or consistent with applicable laws, rules, and regulations. 

(c) Adjustment if Any Payment Exceeds Lawful Rate. If any provision of this Agreement or any of the other Credit Documents would
obligate the Borrower to make any payment of interest or other amount payable to any Lender in an amount or calculated at a rate that would be prohibited by any applicable law, rule or regulation, then notwithstanding such provision, such amount or
rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law, such adjustment to be effected, to the extent

  
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necessary, by reducing the amount or rate of interest required to be paid by the Borrower to the affected Lender under Section 2.8; provided that to the extent lawful, the
interest or other amounts that would have been payable but were not payable as a result of the operation of this Section shall be cumulated and the interest payable to such Lender in respect of other Loans or periods shall be increased (but not
above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 

Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if any Lender shall have received from the
Borrower an amount in excess of the maximum permitted by any applicable law, rule or regulation, then the Borrower shall be entitled, by notice in writing to the Administrative Agent to obtain reimbursement from that Lender in an amount equal to
such excess, and pending such reimbursement, such amount shall be deemed to be an amount payable by that Lender to the Borrower. 
  

	Section 6.	Conditions Precedent to Initial Borrowing 

 The initial Borrowing under this Agreement is
subject to the satisfaction of the following conditions precedent, except as otherwise agreed between Holdings and the Administrative Agent. 

6.1 Credit Documents. 

The Administrative Agent (or its counsel) shall have received: 

(a) this Agreement, executed and delivered by a duly Authorized Officer of Holdings, the Borrower and each Lender; 

(b) the Guarantee, executed and delivered by a duly Authorized Officer of each of Holdings and each applicable Guarantor; 

(c) the Pledge Agreement, executed and delivered by a duly Authorized Officer of each of Holdings, the Borrower and each
applicable pledgor; and 
 (d) the Security Agreement, executed and delivered by a duly Authorized Officer of each of
Holdings, the Borrower and each applicable grantor. 
 6.2 Collateral. Except for any items referred to on Schedule 9.14: 

(a) All outstanding equity interests in whatever form of the Borrower and each Restricted Subsidiary that is directly owned by
or on behalf of any Credit Party and required to be pledged pursuant to the Security Documents shall have been pledged pursuant thereto; 

(b) The Collateral Agent shall have received the certificates representing securities of the Borrower and of each Credit
Party’s Wholly Owned Restricted Subsidiaries to the extent required to be delivered under the Security Documents and pledged under the Security Documents to the extent certificated, accompanied by instruments of transfer and undated stock
powers endorsed in blank; and 
 (c) All Uniform Commercial Code financing statements, reasonably requested by the Collateral
Agent to be filed, registered or recorded to create the Liens intended to be created by any Security Document and perfect such Liens to the extent required by, and with the priority required by, such Security Document shall have been delivered to
the Collateral Agent for filing, registration or recording. 

  
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 (d) The Borrower shall have delivered to the Administrative Agent a completed
Perfection Certificate, executed and delivered by an Authorized Officer and the chief legal officer of the Borrower, together with all attachments contemplated thereby and certified copies of UCC, tax and judgment lien searches, bankruptcy and
pending lawsuit searches or equivalent reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable documents that name any Credit Party as debtor and that are filed in those state and county
jurisdictions in which any property of any Credit Party is located and the state and county jurisdictions in which any Credit Party is organized or maintains its principal place of business and such other searches that the Administrative Agent deems
necessary or appropriate, none of which encumber the Collateral covered or intended to be covered by the Security Documents (other than Permitted Liens). 

6.3 Legal Opinions. The Administrative Agent (or its counsel) shall have received the executed legal opinion, in customary form, of
Simpson Thacher & Bartlett LLP, counsel to the Credit Parties. Holdings and the Borrower hereby instruct and agree to instruct the other Credit Parties to have such counsel deliver such legal opinions. 

6.4 Insurance. Certificates of insurance evidencing the existence of all insurance required to be maintained by the Borrower pursuant
to Section 9.3 and, if applicable, the designation of the Administrative Agent and the Collateral Agent, as applicable, as an additional insured and loss payee as its interest may appear thereunder, or solely as the additional insured, as the
case may be, thereunder, such certificates to be in such form and contain such information as is specified in Section 9.3 (provided that if such endorsement as additional insured cannot be delivered by the Closing Date, the Administrative Agent
may consent to such endorsement being delivered at such later date as it deems appropriate in the circumstances). In addition, the Borrower shall have delivered a certificate of an Authorized Officer of the Borrower setting forth the insurance
obtained by it in accordance with the requirements of Section 9.3 and stating that such insurance is in full force and effect and that all premiums then due and payable thereon have been paid. 

6.5 Closing Certificates. The Administrative Agent (or its counsel) shall have received a certificate of each Credit Party, dated the
Closing Date, substantially in the form of Exhibit E, with appropriate insertions, executed by the President or any Vice President and the Secretary or any Assistant Secretary of such Credit Party, as applicable, and attaching the documents
referred to in Section 6.6. 
 6.6 Authorization of Proceedings of Each Credit Party; Corporate Documents. The
Administrative Agent shall have received (i) a copy of the resolutions of the board of directors or other managers of each Credit Party (or a duly authorized committee thereof) authorizing (a) the execution, delivery, and performance of
the Credit Documents (and any agreements relating thereto) to which it is a party and (b) in the case of the Borrower, the extensions of credit contemplated hereunder, (ii) the Certificate of Incorporation and By-Laws, Certificate of
Formation and Operating Agreement or other comparable organizational documents, as applicable, of each Credit Party, and (iii) signature and incumbency certificates (or other comparable documents evidencing the same) of the Authorized Officers
of each Credit Party executing the Credit Documents to which it is a party. 
 6.7 Fees. The Agents and Lenders shall have received,
substantially simultaneously with the funding of the Initial Term Loans, fees and, to the extent invoiced at least three business days prior to the Closing Date (except as otherwise reasonably agreed by the Borrower) expenses in the amounts
previously agreed in writing to be received on the Closing Date (which amounts may, at the Borrower’s option, be offset against the proceeds of the Initial Term Loans). 

  
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 6.8 Representations and Warranties. On the Closing Date, all representations and
warranties made by any Credit Party contained herein or in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such
Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date). 

6.9 Solvency Certificate. On the Closing Date, the Administrative Agent shall have received a certificate from the Chief Executive
Officer, President, the Chief Financial Officer, the Treasurer, the Vice President-Finance, a Director, a Manager, or any other senior financial officer of the Borrower to the effect that after giving effect to the consummation of the Transactions,
the Borrower on a consolidated basis with the Restricted Subsidiaries is Solvent. 
 6.10 The Arcade Transactions. Substantially
concurrently with the initial Credit Event hereunder, the Arcade Transactions shall have been consummated in all material respects in accordance with the terms of the Arcade Documents (or the Joint Lead Arrangers and Bookrunners shall be reasonably
satisfied with the arrangements in place for the consummation of the Arcade Transactions reasonably promptly after the initial Credit Event hereunder and shall have received confirmation from representatives of the Borrower that such actions shall
be taken promptly after the initial Credit Event hereunder). 
 6.11 Patriot Act. The Joint Lead Arrangers and Bookrunners shall have
received at least two Business Days prior to the Closing Date, such documentation and information as is reasonably requested in writing at least seven Business Days prior to the Closing Date by the Administrative Agent about the Credit Parties to
the extent the Administrative Agent and the Borrower in good faith mutually agree is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation,
the Patriot Act. 
 6.12 Pro Forma Balance Sheet. The Joint Lead Arrangers shall have received a pro forma combined balance sheet and
related pro forma combined statements of operations (collectively, the “Pro Forma Financial Statements”) of the Borrower as of and for the twelve-month period ending June 28, 2014, prepared after giving effect to the
Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such other statements of income), which need not be prepared in compliance with Regulation S-X of
the Securities Act of 1933, as amended, or include adjustments for purchase accounting (including adjustments of the type contemplated by ASC 805). 

6.13 Financial Statements. The Joint Lead Arrangers and Bookrunners shall have received the Historical Financial Statements. 

6.14 No Material Adverse Effect. Since June 28, 2014, there shall not have occurred any change, event, circumstance or development
that shall have had or would reasonably be likely to have a Material Adverse Effect. 
 6.15 Refinancing. Substantially
simultaneously with the funding of the Initial Term Loans, the Closing Date Refinancing shall be consummated. 

  
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 6.16 Notice of Term Loan Borrowing. The Administrative Agent (or its counsel) shall have
received a Notice of Borrowing with respect to the Initial Term Loan meeting the requirements of Section 2.3. 
 6.17 Other
Documents. The Administrative Agent shall have received the Scotiabank Intercreditor Agreement, executed and delivered by a duly authorized officer of The Bank of Nova Scotia. 

For purposes of determining compliance with the conditions specified in Section 6 on the Closing Date, each Lender that has signed this Agreement shall
be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have
received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 
  

	Section 7.	Conditions Precedent to All Credit Events after the Closing Date 

 The agreement of each
Lender to make any Loan requested to be made by it on any date (excluding Revolving Credit Loans required to be made by the Revolving Credit Lenders in respect of Unpaid Drawings pursuant to Sections 3.3 and 3.4) and the obligations of
the Letter of Credit Issuers to issue Letters of Credit on any date after the Closing Date are subject to the satisfaction (or waiver) of the following conditions precedent: 

7.1 No Default; Representations and Warranties. At the time of each Credit Event and also after giving effect thereto (a) no
Default or Event of Default shall have occurred and be continuing and (b) all representations and warranties made by any Credit Party contained herein or in the other Credit Documents shall be true and correct in all material respects with the
same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and
warranties shall have been true and correct in all material respects as of such earlier date). 
 7.2 Notice of Borrowing; Letter of
Credit Request. 
 (a) Prior to the making of each Term Loan after the Closing Date, the Administrative Agent shall have received a
Notice of Borrowing meeting the requirements of Section 2.3. 
 (b) Prior to the making of each Revolving Credit Loan (other
than any Revolving Credit Loan made pursuant to Section 3.4(a)), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.3. 

(c) Prior to the issuance of each Letter of Credit, the Administrative Agent and the applicable Letter of Credit Issuer shall have received a
Letter of Credit Request meeting the requirements of Section 3.2(a) and (b). 
 The acceptance of the benefits of each Credit Event shall
constitute a representation and warranty by each Credit Party to each of the Lenders and each Letter of Credit Issuer that all the applicable conditions specified in this Section 7 above have been satisfied as of that time. 

 

	Section 8.	Representations and Warranties 

 In order to induce the Lenders to enter into this
Agreement and to make the Loans and the Letter of Credit Issuers to issue (and the Lenders to participate in) Letters of Credit as provided for herein, 

  
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Holdings and the Borrower make the following representations and warranties to the Lenders, all of which shall survive the execution and delivery of this Agreement and the making of the Loans and
the issuance of the Letters of Credit (it being understood that the following representations and warranties shall be deemed made with respect to any Foreign Subsidiary only to the extent relevant under applicable law): 

8.1 Corporate Status. Each Credit Party (a) is a duly organized and validly existing corporation, limited liability company or
other entity in good standing (if applicable) under the laws of the jurisdiction of its organization and has the corporate, limited liability company or other organizational power and authority to own its property and assets and to transact the
business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required, to be so qualified, except where the failure to be so qualified would
not reasonably be expected to result in a Material Adverse Effect. 
 8.2 Corporate Power and Authority. Each Credit Party has the
corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the
execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid, and binding
obligation of such Credit Party enforceable in accordance with its terms (provided that, with respect to the creation and perfection of security interests with respect to Indebtedness, Capital Stock and Stock Equivalents of Foreign
Subsidiaries, only to the extent enforceability of such obligation with respect to which Capital Stock and Stock Equivalents of Foreign Subsidiaries is governed by the Uniform Commercial Code), except as the enforceability thereof may be limited by
bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity. 
 8.3 No
Violation. Neither the execution, delivery or performance by any Credit Party of the Credit Documents to which it is a party nor compliance with the terms and provisions thereof nor the consummation of the other transactions contemplated hereby
will (a) contravene any applicable provision of any material law, statute, rule, regulation, order, writ, injunction or decree of any court or governmental instrumentality, (b) result in any breach of any of the terms, covenants,
conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of such Credit Party or any of the Restricted Subsidiaries
(other than Liens created under the Credit Documents or Permitted Liens) pursuant to, the terms of any material indenture, loan agreement, lease agreement, mortgage, deed of trust, agreement or other material instrument to which such Credit Party or
any of the Restricted Subsidiaries is a party or by which it or any of its property or assets is bound (any such term, covenant, condition or provision, a “Contractual Requirement”) other than any such breach, default or Lien that
would not reasonably be expected to result in a Material Adverse Effect or (c) violate any provision of the certificate of incorporation, by-laws, articles or other organizational documents of such Credit Party or any of the Restricted
Subsidiaries. 
 8.4 Litigation. There are no actions, suits or proceedings pending or, to the knowledge of Holdings or the Borrower,
threatened in writing against Holdings, the Borrower or any of the Restricted Subsidiaries that would reasonably be expected to result in a Material Adverse Effect. 

8.5 Margin Regulations. Neither the making of any Loan hereunder nor the use of the proceeds thereof will violate the provisions of
Regulation T, U or X of the Board. 

  
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 8.6 Governmental Approvals. The execution, delivery and performance of each Credit
Document does not require any consent or approval of, registration or filing with, or other action by, any Governmental Authority, except for (i) such as have been obtained or made and are in full force and effect, (ii) filings, consents,
approvals, registrations and recordings in respect of the Liens created pursuant to the Security Documents (and to release existing Liens), and (iii) such licenses, approvals, authorizations, registrations, filings or consents the failure of
which to obtain or make would not reasonably be expected to result in a Material Adverse Effect. 
 8.7 Investment Company Act. None
of Holdings, the Borrower, or any Restricted Subsidiary is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

8.8 True and Complete Disclosure. 

(a) None of the written factual information and written data (taken as a whole) heretofore or contemporaneously furnished by or on behalf of
Holdings, the Borrower, any of the Restricted Subsidiaries or any of their respective authorized representatives to the Administrative Agent, any Joint Lead Arranger, and/or any Lender on or before the Closing Date (including all such written
information and data contained in (i) the Confidential Information Memorandum (as updated prior to the Closing Date and including all information incorporated by reference therein) and (ii) the Credit Documents) for purposes of or in
connection with this Agreement or any transaction contemplated herein contained any untrue statement of any material fact or omitted to state any material fact necessary to make such information and data (taken as a whole) not materially misleading
at such time in light of the circumstances under which such information or data was furnished (after giving effect to all supplements and updates), it being understood and agreed that for purposes of this Section 8.8(a), such factual
information and data shall not include pro forma financial information, projections, estimates (including financial estimates, forecasts, and other forward-looking information) or other forward looking information and information of a
general economic or general industry nature. 
 (b) The projections (including financial estimates, forecasts, and other forward-looking
information) contained in the information and data referred to in paragraph (a) above were based on good faith estimates and assumptions believed by such Persons to be reasonable at the time made and as of the date of delivery thereof,
it being recognized by the Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results and such
differences may be material. 
 8.9 Financial Condition; Financial Statements. 

(a) The Historical Financial Statements present fairly in all material respects the combined financial position of the Borrower at the
respective dates of said information, statements and results of operations for the respective periods covered thereby. The Pro Forma Financial Statements, copies of which have heretofore been furnished to the Administrative Agent, have been prepared
based on the Historical Financial Statements and have been prepared in good faith, based on assumptions believed by the Borrower to be reasonable as of the date of delivery thereof, and present fairly in all material respects on a Pro Forma Basis
the estimated financial position of the Borrower and its Subsidiaries as at June 28, 2014 (as if the Transactions had been consummated on such date) and their estimated results of operations as if the Transactions had been consummated on
June 29, 2013. The financial statements referred to in clause (a)(ii) of this Section 8.9 have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes to said financial
statements. 
 (b) There has been no Material Adverse Effect since the Closing Date. 

  
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 Each Lender and the Administrative Agent hereby acknowledges and agrees that the Borrower and its Subsidiaries
may be required to restate historical financial statements as the result of the implementation of changes in GAAP or IFRS, or the respective interpretation thereof, and that such restatements will not result in a Default or an Event of Default under
the Credit Documents. 
 8.10 Compliance with Laws; No Default. Each Credit Party is in compliance with all Requirements of Law
applicable to it or its property, except where the failure to be so in compliance would not reasonably be expected to result in a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 

8.11 Tax Matters. Except as would not reasonably be expected to have a Material Adverse Effect, (a) each of Holdings, the Borrower
and each of the Restricted Subsidiaries has filed all Tax returns required to be filed by it and has timely paid all Taxes payable by it (whether or not shown on a Tax return and including in its capacity as withholding agent) that have become due,
other than those being contested in good faith and by proper proceedings if it has maintained adequate reserves (in the good faith judgment of management of Holdings, the Borrower or such Restricted Subsidiary, as applicable) with respect thereto in
accordance with GAAP and (b) each of Holdings, the Borrower and each of the Restricted Subsidiaries has paid, or has provided adequate reserves (in the good faith judgment of management of Holdings, the Borrower or such Restricted Subsidiary,
as applicable) in accordance with GAAP for the payment of all Taxes not yet due and payable. There is no current or proposed Tax assessment, deficiency or other claim against Holdings, the Borrower or any Restricted Subsidiary that would reasonably
be expected to result in a Material Adverse Effect. 
 8.12 Compliance with ERISA. 

(a) Except as would not reasonably be expected to have a Material Adverse Effect, no ERISA Event has occurred or is reasonably expected to
occur. 
 (b) Except as would not reasonably be expected to have a Material Adverse Effect, no Foreign Plan Event has occurred or is
reasonably expected to occur. 
 8.13 Subsidiaries. Schedule 8.13 lists each Subsidiary of and the direct and indirect
ownership interest of the Borrower therein, in each case existing on the Closing Date after giving effect to the Transactions. 
 8.14
Intellectual Property. Each of Holdings, the Borrower and the Restricted Subsidiaries owns or has the right to use all Intellectual Property that is used in or otherwise necessary for the operation of their respective businesses as currently
conducted, except where the failure of the foregoing would not reasonably be expected to have a Material Adverse Effect. The operation of their respective businesses by each of Holdings, the Borrower, and the Restricted Subsidiaries does not
infringe upon, misappropriate, violate or otherwise conflict with the Intellectual Property of any third party, except as would not reasonably be expected to have a Material Adverse Effect. 

8.15 Environmental Laws. 

(a) Except as set forth on Schedule 8.15, or as would not reasonably be expected to have a Material Adverse Effect: (i) each of
Holdings, the Borrower, and the Restricted Subsidiaries and their respective operations and properties are in compliance with all applicable Environmental Laws; (ii) none of Holdings, the Borrower, or any Restricted Subsidiary has received
written notice of any Environmental Claim; (iii) none of Holdings, the Borrower, or any Restricted Subsidiary is conducting any investigation, 

  
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removal, remedial or other corrective action pursuant to any Environmental Law at any location; and (iv) to the knowledge of the Borrower, no underground or above ground storage tank or
related piping, or any impoundment or other disposal area containing Hazardous Materials is located at, on or under any Real Estate currently owned or leased by Holdings, the Borrower or any of the Restricted Subsidiaries. 

(b) Except as set forth on Schedule 8.15, none of Holdings, the Borrower or any of the Restricted Subsidiaries has treated, stored,
transported, Released or arranged for disposal or transport for disposal or treatment of Hazardous Materials at, on, under or from any currently or, formerly owned or operated property nor, to the knowledge of the Borrower, has there been any other
Release of Hazardous Materials at, on, under or from any such properties, in each case, in a manner that would reasonably be expected to have a Material Adverse Effect. 

8.16 Properties. 
 (a)
Each of Holdings, the Borrower, and the Restricted Subsidiaries has good and valid record title to, valid leasehold interests in, or rights to use, all properties that are necessary for the operation of their respective businesses as currently
conducted and as proposed to be conducted, free and clear of all Liens (other than any Liens permitted by this Agreement) and except where the failure to have such good title or interest would not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect and (b) no Mortgage encumbers improved Real Estate that is located in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards within
the meaning of the National Flood Insurance Act of 1968, as amended, unless flood insurance available under such Act has been obtained in accordance with Section 9.3(b). 

(b) Set forth on Schedule 8.16(b) is a list of each real property owned by any Credit Party as of the Closing Date having a Fair Market
Value in excess of $2,000,000. 
 8.17 Solvency. On the Closing Date (after giving effect to the Transactions) immediately following
the making of the Loans and after giving effect to the application of the proceeds of such Loans, the Borrower on a consolidated basis with the Restricted Subsidiaries will be Solvent. 

8.18 Patriot Act. On the Closing Date, the use of proceeds of the Loans will not violate the PATRIOT Act in any material respect. 

 

	Section 9.	Affirmative Covenants. 

 Each of Holdings and the Borrower hereby covenants and agrees
that on the Closing Date and thereafter, until the Commitments have terminated and each Letter of Credit has terminated or expired without any pending drawing thereon or has been Cash Collateralized in accordance with the terms of this Agreement and
the Loans and Unpaid Drawings, together with interest, Fees and all other Obligations incurred hereunder (other than contingent indemnity obligations, Secured Hedge Obligations and Secured Cash Management Obligations and Letters of Credit
collateralized in accordance with the terms of this Agreement), are paid in full: 
 9.1 Information Covenants. The Borrower will
furnish to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with its customary practice): 

(a) Annual Financial Statements. As soon as available and in any event within five days after the date on which such
financial statements are required to be filed with the SEC or delivered to the holders of the Senior Secured Notes or the Senior Unsecured Notes (after giving 

  
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effect to any permitted extensions) (or, if such financial statements are not required to be filed with the SEC or delivered to the holders of the Senior Secured Notes or the Senior Unsecured
Notes, on or before the date that is 105 days after the end of each such fiscal year), the consolidated balance sheets of the Borrower and the Restricted Subsidiaries as at the end of such fiscal year, and the related consolidated statements of
operations and cash flows for such fiscal year, setting forth comparative consolidated and/or combined figures for the preceding fiscal years, all in reasonable detail and prepared in accordance with GAAP, and, in each case, certified by independent
certified public accountants of recognized national standing whose opinion shall not be qualified as to the scope of audit or as to the status of the Borrower or any of the Material Subsidiaries (or group of Subsidiaries that together would
constitute a Material Subsidiary) as a going concern (other than any exception, explanatory paragraph or qualification, that is expressly solely with respect to, or expressly resulting solely from, (i) an upcoming maturity date under the
Revolving Credit Facility occurring within one year from the time such opinion is delivered or (ii) any potential inability to satisfy a financial maintenance covenant on a future date or in a future period). 

(b) Quarterly Financial Statements. As soon as available and in any event within five days after the date on which such
financial statements are required to be filed with the SEC or delivered to the holders of the Senior Secured Notes or the Senior Unsecured Notes (after giving effect to any permitted extensions) with respect to each of the first three quarterly
accounting periods in each fiscal year of the Borrower (or, if such financial statements are not required to be filed with the SEC or delivered to the holders of the Senior Secured Notes or the Senior Unsecured Notes, on or before the date that is
60 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Borrower and the Restricted Subsidiaries as at the end of such quarterly period and the related consolidated statements of operations for such
quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for such quarterly accounting period, setting forth comparative
consolidated and/or combined figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the related period in the prior fiscal year, all of which shall be certified by an
Authorized Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations and cash flows of the Borrower and its Restricted Subsidiaries in accordance with GAAP (except as noted therein), subject
to changes resulting from normal year-end adjustments and the absence of footnotes. 
 (c) Budgets. Within 90 days
after the commencement of each fiscal year of the Borrower, a budget of the Borrower in reasonable detail on a quarterly basis for such fiscal year as customarily prepared by management of the Borrower for its internal use consistent in scope with
the financial statements provided pursuant to Section 9.1(a), setting forth the principal assumptions upon which such budget is based (collectively, the “Projections”), which Projections shall in each case be accompanied
by a certificate of an Authorized Officer of the Borrower stating that such Projections have been prepared in good faith on the basis of the assumptions stated therein, which assumptions were believed to be reasonable at the time of preparation of
such Projections, it being understood and agreed that such Projections and assumptions as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such Projections may differ from the
projected results and such differences may be material. 
 (d) Officer’s Certificates. Not later than five days
after the delivery of the financial statements provided for in Sections 9.1(a) and (b), a certificate of an Authorized Officer of the 

  
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Borrower to the effect that no Default or Event of Default exists or, if any Default or Event of Default does exist, specifying the nature and extent thereof, as the case may be, which
certificate shall set forth (i) a specification of any change in the identity of the Restricted Subsidiaries and Unrestricted Subsidiaries as at the end of such fiscal year or period, as the case may be, from the Restricted Subsidiaries and
Unrestricted Subsidiaries, respectively, provided to the Lenders on the Closing Date or the most recent fiscal year or period, as the case may be and (ii) the then applicable Status and underlying calculations in connection therewith. At the
time of the delivery of the financial statements provided for in Section 9.1(a), a certificate of an Authorized Officer of the Borrower setting forth changes to the legal name, jurisdiction of formation, type of entity and organizational
number (or equivalent) to the Person organized in a jurisdiction where an organizational identification number is required to be included in a Uniform Commercial Code financing statement, in each case for each Credit Party or confirming that there
has been no change in such information since the Closing Date or the date of the most recent certificate delivered pursuant to this clause (d), as the case may be. 

(e) Notice of Default or Litigation. Promptly after an Authorized Officer of Holdings, the Borrower or any of the
Restricted Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the
Borrower proposes to take with respect thereto and (ii) any litigation or governmental proceeding pending against the Borrower or any of the Subsidiaries that would reasonably be expected to be determined adversely and, if so determined, to
result in a Material Adverse Effect. 
 (f) Environmental Matters. Promptly after an Authorized Officer of the
Borrower or any of the Restricted Subsidiaries obtains knowledge of any one or more of the following environmental matters, unless such environmental matters would not reasonably be expected to result in a Material Adverse Effect, notice of: 

(i) any pending or threatened Environmental Claim against any Credit Party or any Real Estate; and 

(ii) the conduct of any investigation, or any removal, remedial or other corrective action in response to the actual or alleged
presence, Release or threatened Release of any Hazardous Material on, at, under or from any Real Estate. 
 All such notices shall describe
in reasonable detail the nature of the claim, investigation or removal, remedial or other corrective action in response thereto. The term “Real Estate” shall mean land, buildings, facilities and improvements owned or leased by any
Credit Party. 
 (g) Other Information. Promptly upon filing thereof, copies of any filings (including on Form 10-K,
10-Q or 8-K) or registration statements with, and reports to, the SEC or any analogous Governmental Authority in any relevant jurisdiction by the Borrower or any of the Restricted Subsidiaries (other than amendments to any registration statement (to
the extent such registration statement, in the form it becomes effective, is delivered to the Administrative Agent), exhibits to any registration statement and, if applicable, any registration statements on Form S-8) and copies of all financial
statements, proxy statements, notices, and reports that the Borrower or any of the Restricted Subsidiaries shall send to the holders of any publicly issued debt of Parent, Holdings, the Borrower and/or any of the Restricted Subsidiaries (including
any Senior Secured Notes or any Senior Unsecured Notes), in their capacity as such holders, lenders or agents (in each case to the extent not theretofore delivered to the Administrative Agent pursuant to this

  
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Agreement) and, with reasonable promptness, such other information (financial or otherwise) as the Administrative Agent on its own behalf or on behalf of any Lender (acting through the
Administrative Agent) may reasonably request in writing from time to time; provided, that none of Holdings, the Borrower nor any other Restricted Subsidiary will be required to disclose or permit the inspection or discussion of, any document,
information or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective contractors) is
prohibited by law, or any binding agreement or (iii) that is subject to attorney client or similar privilege or constitutes attorney work product. 

Notwithstanding the foregoing, the obligations in clauses (a) and (b) of this Section 9.1 may be satisfied
with respect to financial information of the Borrower and the Restricted Subsidiaries by furnishing (A) the applicable financial statements of the Borrower or any direct or indirect parent of the Borrower or (B) the Borrower’s (or any
direct or indirect parent thereof), as applicable, Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of subclauses (A) and (B) of this paragraph, to the extent such information
relates to a parent of the Borrower, such information is accompanied by consolidating or other information that explains in reasonable detail the differences between the information relating to such parent, on the one hand, and the information
relating to the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand. 
 Documents required to be delivered
pursuant to clauses (a), (b), and (g) of this Section 9.1 (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the earliest date on which (i) the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet; (ii) such documents are posted on the Borrower’s behalf on
IntraLinks/IntraAgency or another website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), or (iii) such financial statements
and/or other documents are posted on the SEC’s website on the internet at www.sec.gov; provided, that, (A) the Borrower shall, at the request of the Administrative Agent, continue to deliver copies (which delivery may be by
electronic transmission ) of such documents to the Administrative Agent and (B) the Borrower shall notify (which notification may be by facsimile or electronic transmission) the Administrative Agent of the posting of any such documents on any
website described in this paragraph. Each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents.

 Each Credit Party hereby acknowledges and agrees that, unless the Borrower notifies the Administrative Agent in advance, all financial
statements and certificates furnished pursuant to Sections 9.1(a), (b) and (d) above are hereby deemed to be suitable for distribution, and to be made available, to all Lenders and may be treated by the
Administrative Agent and the Lenders as not containing any material nonpublic information. 
 9.2 Books, Records, and Inspections.
Holdings and the Borrower will, and will cause each Restricted Subsidiary to, permit officers and designated representatives of the Administrative Agent or the Required Lenders to visit and inspect any of the properties or assets of the Borrower and
any such Subsidiary in whomsoever’s possession to the extent that it is within such party’s control to permit such inspection (and shall use commercially reasonable efforts to cause such inspection to be permitted to the extent that it is
not within such party’s control to permit such inspection), and to examine the books and records of the Borrower and any such Subsidiary and discuss the affairs, finances and accounts of the Borrower and of any such Subsidiary with, and be
advised as to the same by, its and their officers and independent accountants, all at such reasonable times and intervals and to such reasonable extent as the 

  
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Administrative Agent or the Required Lenders may desire (and subject, in the case of any such meetings or advice from such independent accountants, to such accountants’ customary policies
and procedures); provided that, excluding any such visits and inspections during the continuation of an Event of Default, (a) only the Administrative Agent on behalf of the Required Lenders may exercise rights of the Administrative Agent
and the Lenders under this Section 9.2, (b) the Administrative Agent shall not exercise such rights more than one time in any calendar year, which such visit will be at the Borrower’s expense, and (c) notwithstanding
anything to the contrary in this Section 9.2, none of the Borrower or any of the Restricted Subsidiaries will be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document,
information or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or
contractors) is prohibited by law or any agreement binding on a third party or (iii) is subject to attorney-client or similar privilege or constitutes attorney work product; provided, further, that when an Event of Default exists,
the Administrative Agent (or any of its respective representatives or independent contractors) or any representative of the Required Lenders may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon
reasonable advance notice. The Administrative Agent and the Required Lenders shall give the Borrower the opportunity to participate in any discussions with the Borrower’s independent public accountants. 

9.3 Maintenance of Insurance. (a) Holdings and the Borrower will, and will cause each Material Subsidiary to, at all times
maintain in full force and effect, pursuant to self-insurance arrangements or with insurance companies that the Borrower believes (in the good faith judgment of the management of the Borrower) are financially sound and responsible at the time the
relevant coverage is placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which the Borrower believes (in the good faith judgment of management of the Borrower) is reasonable and prudent in light of the
size and nature of its business and the availability of insurance on a cost-effective basis) and against at least such risks (and with such risk retentions) as the Borrower believes (in the good faith judgment of management of the Borrower) is
reasonable and prudent in light of the size and nature of its business and the availability of insurance on a cost-effective basis; and will furnish to the Administrative Agent, promptly following written request from the Administrative Agent,
information presented in reasonable detail as to the insurance so carried and (b) with respect to each Mortgaged Property, the Borrower will obtain flood insurance in such total amount as may reasonably be required by the Collateral Agent, if
at any time the area in which any improvements located on any Mortgaged Property is designated a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency),
and otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as amended from time to time. Each such policy of insurance shall (i) name the Collateral Agent, on behalf of the Secured
Parties as an additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain a loss payable clause or endorsement that names the Collateral Agent, on behalf of the Secured Parties as
the loss payee thereunder. 
 9.4 Payment of Taxes. Holdings and the Borrower will pay and discharge, and will cause each of the
Restricted Subsidiaries to pay and discharge, all material Taxes imposed upon it (including in its capacity as a withholding agent) or upon its income or profits, or upon any properties belonging to it, prior to the date on which material penalties
attach thereto, and all lawful material claims in respect of any Taxes imposed, assessed or levied that, if unpaid, would reasonably be expected to become a material Lien upon any properties of the Borrower or any of the Restricted Subsidiaries;
provided that neither the Borrower nor any of the Restricted Subsidiaries shall be required to pay any such Tax that is being contested in good faith and by proper proceedings if it has maintained adequate reserves (in the good faith judgment
of management of the Borrower) with respect thereto in accordance with GAAP and the failure to pay would not reasonably be expected to result in a Material Adverse Effect. 

  
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 9.5 Preservation of Existence; Consolidated Corporate Franchises. Holdings and the
Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges
(including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse
Effect; provided, however, that the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5. 

9.6 Compliance with Statutes, Regulations, Etc. Holdings and the Borrower will, and will cause each Restricted Subsidiary to,
(a) comply with all applicable laws, rules, regulations, and orders applicable to it or its property, including, without limitation, applicable laws administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury and
the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations promulgated thereunder, and all governmental approvals or authorizations required to conduct its business, and to maintain all such governmental approvals or
authorizations in full force and effect, (b) comply with, and use commercially reasonable efforts to ensure compliance by all tenants and subtenants, if any, with, all Environmental Laws, and obtain and comply with and maintain, and use
commercially reasonable efforts to ensure that all tenants and subtenants obtain and comply with and maintain, any and all licenses, approvals, notifications, registrations or permits required by Environmental Laws, and (c) conduct and complete
all investigations, studies, sampling and testing, and all remedial, removal, and other actions required under Environmental Laws and promptly comply with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws,
other than such orders and directives which are being timely contested in good faith by proper proceedings, except in each case of (a), (b), and (c) of this Section 9.6, where the failure to do so would not
reasonably be expected to result in a Material Adverse Effect. 
 9.7 ERISA. (a) Holdings or the Borrower will furnish to the
Administrative Agent promptly following receipt thereof, copies of any documents described in Sections 101(k) or 101(l) of ERISA that any Credit Party or any of its Subsidiaries may request with respect to any Multiemployer Plan to which a Credit
Party or any of its Subsidiaries is obligated to contribute; provided that if the Credit Parties or any of their Subsidiaries have not requested such documents or notices from the administrator or sponsor of the applicable Multiemployer Plan,
then, upon reasonable request of the Administrative Agent, the Credit Parties shall promptly make a request for such documents or notices from such administrator or sponsor and the Borrower shall provide copies of such documents and notices to the
Administrative Agent promptly after receipt thereof; and further provided, that the rights granted to the Administrative Agent in this Section shall be exercised not more than once during a 12-month period, and (b) Holdings or the Borrower will
notify the Administrative Agent promptly following the occurrence of any ERISA Event or Foreign Plan Event that, alone or together with any other ERISA Events or Foreign Plan Events that have occurred, would reasonably be expected to result in
liability of any Credit Party that would reasonably be expected to have a Material Adverse Effect. 
 9.8 Maintenance of Properties.
Holdings and the Borrower will, and will cause each of the Restricted Subsidiaries to, keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear, casualty, and condemnation
excepted, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect. 

  
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 9.9 Transactions with Affiliates. Holdings and the Borrower will conduct, and cause each
of the Restricted Subsidiaries to conduct, all transactions with any of its Affiliates (other than the Borrower and the Restricted Subsidiaries) involving aggregate payments or consideration in excess of $2,500,000 for any individual transaction or
series of related transactions on terms that are at least substantially as favorable to the Borrower or such Restricted Subsidiary as it would obtain in a comparable arm’s-length transaction with a Person that is not an Affiliate, as determined
by the board of directors of the Borrower or such Restricted Subsidiary in good faith; provided that the foregoing restrictions shall not apply to (a) the payment of fees to any Sponsor for management, consulting, and financial services
rendered to the Borrower and the Restricted Subsidiaries pursuant to the Sponsor Management Agreement and customary investment banking fees paid to any Sponsor for services rendered to the Borrower and the Subsidiaries in connection with
divestitures, acquisitions, financings and other transactions which payments are approved by a majority of the board of directors of the Borrower in good faith, (b) transactions permitted by Section 10.5, (c) consummation of
the Transactions and the payment of the Transaction Expenses, (d) the issuance of Capital Stock or Stock Equivalents of the Borrower (or any direct or indirect parent thereof) or any of its Subsidiaries not otherwise prohibited by the Credit
Documents, (e) loans, advances and other transactions between or among the Borrower, any Restricted Subsidiary or any joint venture (regardless of the form of legal entity) in which the Borrower or any Subsidiary has invested (and which
Subsidiary or joint venture would not be an Affiliate of the Borrower but for the Borrower’s or a Subsidiary’s ownership of Capital Stock or Stock Equivalents in such joint venture or Subsidiary) to the extent permitted under
Section 10, (f) employment and severance arrangements between the Borrower and the Restricted Subsidiaries and their respective officers, employees or consultants (including management and employee benefit plans or agreements, stock
option plans and other compensatory arrangements) in the ordinary course of business (including loans and advances in connection therewith), (g) payments by the Borrower (and any direct or indirect parent thereof) and the Subsidiaries pursuant
to the tax sharing agreements among the Borrower (and any such parent) and the Subsidiaries that are permitted under Section 10.5(b)(15); provided that in each case the amount of such payments in any fiscal year does not exceed
the amount that the Borrower, the Restricted Subsidiaries and the Unrestricted Subsidiaries (to the extent of the amount received from Unrestricted Subsidiaries) would have been required to pay in respect of such foreign, federal, state and/or local
taxes for such fiscal year had the Borrower, the Restricted Subsidiaries and the Unrestricted Subsidiaries (to the extent described above) paid such taxes separately from any such direct or indirect parent company of the Borrower, (h) the
payment of customary fees and reasonable out of pocket costs to, and indemnities provided on behalf of, directors, managers, consultants, officers, employees of the Borrower (or any direct or indirect parent thereof) and the Subsidiaries in the
ordinary course of business to the extent attributable to the ownership or operation of the Borrower and the Subsidiaries, (i) transactions undertaken pursuant to membership in a purchasing consortium, (j) transactions pursuant to any
agreement or arrangement as in effect as of the Closing Date, or any amendment, modification, supplement or replacement thereto (so long as any such amendment, modification, supplement or replacement is not disadvantageous in any material respect to
the Lenders when taken as a whole as compared to the applicable agreement as in effect on the Closing Date as determined by the Borrower in good faith), (k) customary payments by Holdings (or any direct or indirect parent), the Borrower and any
Restricted Subsidiaries to any Sponsor made for any financial advisory, consulting, financing, underwriting or placement services or in respect of other investment banking activities (including in connection with acquisitions or divestitures),
(l) the existence and performance of agreements and transactions with any Unrestricted Subsidiary that were entered into prior to the designation of a Restricted Subsidiary as such Unrestricted Subsidiary to the extent that the transaction was
permitted at the time that it was entered into with such Restricted Subsidiary and transactions entered into by an Unrestricted Subsidiary with an Affiliate prior to the redesignation of any such Unrestricted Subsidiary as a Restricted Subsidiary;
provided that such transaction was not entered into in contemplation of such designation or redesignation, as applicable, (m) Affiliate repurchases of the Loans or Commitments to the extent permitted hereunder and the holding of such Loans or
Commitments and 

  
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the payments and other transactions contemplated herein in respect thereof, (n) any customary transactions with a Receivables Subsidiary effected as part of a Receivables Facility and
(o) the Arcade Transactions. 
 9.10 End of Fiscal Years. Holdings and the Borrower will, for financial reporting purposes,
cause each of its, and each of the Restricted Subsidiaries’, fiscal years to end on dates consistent with past practice; provided, however, that the Borrower may, upon written notice to the Administrative Agent change the
financial reporting convention specified above to (x) align the dates of such fiscal year and for any Restricted Subsidiary whose fiscal years end on dates different from those of the Borrower or (y) any other financial reporting
convention (including a change of fiscal year) reasonably acceptable (such consent not to be unavoidable withheld or delayed) to the Administrative Agent, in which case the Borrower and the Administrative Agent will, and are hereby authorized by the
Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting. 
 9.11
Additional Guarantors and Grantors. Subject to any applicable limitations set forth in the Security Documents, the Borrower will cause each direct or indirect Subsidiary (other than any Excluded Subsidiary) formed or otherwise purchased or
acquired after the Closing Date (including pursuant to a Permitted Acquisition), and each other Subsidiary that ceases to constitute an Excluded Subsidiary, within 60 days from the date of such formation, acquisition or cessation, as applicable (or
such longer period as the Administrative Agent may agree in its reasonable discretion), and the Borrower may at its option cause any Subsidiary, to execute a supplement to each of the Guarantee, the Pledge Agreement and the Security Agreement in
order to become a Guarantor under the Guarantee and a grantor under such Security Documents or, to the extent reasonably requested by the Collateral Agent, enter into a new Security Document substantially consistent with the analogous existing
Security Documents and otherwise in form and substance reasonably satisfactory to such Collateral Agent and take all other action reasonably requested by the Collateral Agent to grant a perfected security interest in its assets to substantially the
same extent as created by the Credit Parties on the Closing Date. For the avoidance of doubt, (i) no Credit Party (other than Holdings) or any Domestic Restricted Subsidiary shall be required to take any action outside the United States to
perfect any security interest in the Collateral (including the execution of any agreement, document or other instrument governed by the law of any jurisdiction other than the United States, any State thereof or the District of Columbia) and
(ii) the Credit Documents executed by Holdings to create and perfect a security interest in such Person’s assets shall be limited to customary documentation governed by the laws of England and Wales, which shall be consistent in all
respect with the terms herein. 
 9.12 Pledge of Additional Stock and Evidence of Indebtedness. Subject to any applicable limitations
set forth in the Security Documents and other than (x) when in the reasonable determination of the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of doing so would be excessive in view of the
benefits to be obtained by the Lenders therefrom or (y) to the extent doing so would result in material adverse tax consequences as reasonably determined by the Borrower in consultation with the Administrative Agent, the Borrower will cause
(i) all certificates representing Capital Stock and Stock Equivalents of any Restricted Subsidiary (other than any Excluded Stock and Stock Equivalents) held directly by the Borrower or any Guarantor, (ii) all evidences of Indebtedness in
excess of $10,000,000 received by the Borrower or any of the Guarantors in connection with any disposition of assets pursuant to Section 10.4(b), and (iii) any promissory notes executed after the Closing Date evidencing Indebtedness
in excess of $10,000,000 of the Borrower or any Subsidiary that is owing to the Borrower or any Guarantor, in each case, to be delivered to the Collateral Agent as security for the Obligations accompanied by undated instruments of transfer executed
in blank pursuant to the terms of the Security Documents. Notwithstanding the foregoing any promissory note among the Borrower and/or its Subsidiaries need not be delivered to the Collateral Agent so long as (i) a global

  
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intercompany note superseding such promissory note has been delivered to the Collateral Agent, (ii) such promissory note is not delivered to any other party other than the Borrower or its
Subsidiaries, in each case, owed money thereunder, and (iii) such promissory note indicates on its face that it is subject to the security interest of the Collateral Agent. 

9.13 Use of Proceeds. 

(a) The Borrower will use the proceeds of the Initial Term Loans, and a portion of the proceeds of borrowings by it under the Revolving Credit
Facility and cash on hand, to effect the Transactions, including, if applicable, the Senior Unsecured Notes Exchange. 
 (b) The Borrower
will use Letters of Credit and Revolving Loans for working capital and general corporate purposes (including any transaction not prohibited by the Credit Documents). 

9.14 Further Assurances. 

(a) Subject to the terms of Sections 9.11 and 9.12, this Section 9.14 and the Security Documents, Holdings and the
Borrower will, and will cause each other Credit Party to, execute any and all further documents, financing statements, agreements, and instruments, and take all such further actions (including the filing and recording of financing statements,
fixture filings, mortgages, deeds of trust, and other documents) that may be required under any applicable law, or that the Collateral Agent or the Required Lenders may reasonably request, in order to grant, preserve, protect, and perfect the
validity and priority of the security interests created or intended to be created by the applicable Security Documents, all at the expense of the Borrower and the Restricted Subsidiaries. 

(b) Subject to any applicable limitations set forth in the Security Documents and other than (x) when in the reasonable determination of
the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of doing so would be excessive in view of the benefits to be obtained by the Lenders therefrom or (y) to the extent doing so would result in
material adverse tax consequences as reasonably determined by the Borrower in consultation with the Administrative Agent, if any assets (other than Excluded Property) (including any real estate or improvements thereto or any interest therein but
excluding Capital Stock and Stock Equivalents of any Subsidiary and excluding any real estate which the Borrower or applicable Credit Party intends to dispose of pursuant to a Permitted Sale Leaseback so long as actually disposed of within 270 days
of acquisition (or such longer period as the Administrative Agent may reasonably agree)) with a book value in excess of $10,000,000 (at the time of acquisition) are acquired by the Borrower or any other Credit Party after the Closing Date (other
than assets constituting Collateral under a Security Document that become subject to the Lien of the applicable Security Document upon acquisition thereof) that are of a nature secured by a Security Document or that constitute a fee interest in real
property in the United States, the Borrower will notify the Collateral Agent, and, if requested by the Collateral Agent, the Borrower will cause such assets to be subjected to a Lien securing the Obligations and will take, and cause the other
applicable Credit Parties to take, such actions as shall be necessary or reasonably requested by the Collateral Agent, as soon as commercially reasonable but in no event later than 90 days, unless extended by the Administrative Agent in its sole
discretion, to grant and perfect such Liens consistent with the applicable requirements of the Security Documents, including actions described in clause (a) of this Section 9.14. 

(c) Any Mortgage delivered to the Administrative Agent in accordance with the preceding clause (b) shall, if requested by the
Collateral Agent, be received as soon as commercially reasonable but in no event later than 90 days (except as set forth in the preceding clause (b)), unless extended by the Administrative Agent acting reasonably and accompanied by (x) a
policy or policies (or an unconditional 

  
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binding commitment therefor to be replaced by a final title policy) of title insurance issued by a nationally recognized title insurance company, in such amounts as reasonably acceptable to the
Administrative Agent not to exceed the Fair Market Value of the applicable Mortgaged Property, insuring the Lien of each Mortgage as a valid first Lien on the Mortgaged Property described therein, free of any other Liens except as expressly
permitted by Section 10.2 or as otherwise permitted by the Administrative Agent and otherwise in form and substance reasonably acceptable to the Administrative Agent and the Borrower, together with such endorsements, coinsurance and
reinsurance as the Administrative Agent may reasonably request but only to the extent such endorsements are (i) available in the relevant jurisdiction (provided in no event shall the Administrative Agent request a creditors’ rights
endorsement) and (ii) available at commercially reasonable rates, (y) an opinion of local counsel to the applicable Credit Party in form and substance reasonably acceptable to the Administrative Agent, (z) a completed
“Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination, and if any improvements on such Mortgaged Property are located in a special flood hazard area, (i) a notice about special flood hazard area status
and flood disaster assistance duly executed by the applicable Credit Parties and (ii) certificates of insurance evidencing the insurance required by Section 9.3 in form and substance reasonably satisfactory to the Administrative
Agent, and (aa) an ALTA survey in a form and substance reasonably acceptable to the Collateral Agent or such existing survey together with a no-change affidavit sufficient for the title company to remove all standard survey exceptions from the Title
Policy related to such Mortgaged Property and issue the endorsements required in (x) above. 
 (d) Post-Closing Covenant.
Holdings and the Borrower agree that each will, or will cause their relevant Subsidiaries to, complete each of the actions described on Schedule 9.14 as soon as commercially reasonable and by no later than the date set forth in
Schedule 9.14 with respect to such action or such later date as the Administrative Agent may reasonably agree. 
 9.15
Maintenance of Ratings. The Borrower will use commercially reasonable efforts to obtain and maintain (but not maintain any specific rating) a corporate family and/or corporate credit rating, as applicable, and ratings in respect of the credit
facilities provided pursuant to this Agreement, in each case, from each of S&P and Moody’s. 
 9.16 Lines of Business. The
Borrower and the Restricted Subsidiaries, taken as a whole, will not fundamentally and substantively alter the character of their business, taken as a whole, from the business conducted by the Borrower and the Subsidiaries, taken as a whole, on the
Closing Date and other business activities which are extensions thereof or otherwise incidental, synergistic, reasonably related, or ancillary to any of the foregoing (and non-core incidental businesses acquired in connection with any Permitted
Acquisition or permitted Investment). 
  

	Section 10.	Negative Covenants 

 Each of Holdings and the Borrower hereby covenants and agrees that
on the Closing Date and thereafter, until the Commitments have terminated and each Letter of Credit has terminated or expired without any pending drawing thereon or has been Cash Collateralized in accordance with the terms of this Agreement and the
Loans and Unpaid Drawings, together with interest, Fees, and all other Obligations incurred hereunder (other than contingent indemnity obligations, Secured Hedge Obligations and Secured Cash Management Obligations and Letters of Credit,
collateralized in accordance with the terms of this Agreement), are paid in full: 
 10.1 Limitation on Indebtedness. Holdings and
the Borrower will not, and will not permit any Restricted Subsidiary to create, incur, issue, assume, guarantee or otherwise become liable, contingently or otherwise (collectively, “incur” and collectively, an
“incurrence”) with respect to any Indebtedness 

  
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(including Acquired Indebtedness) and Holdings and the Borrower will not issue any shares of Disqualified Stock and will not permit any Restricted Subsidiary to issue any shares of Disqualified
Stock or, in the case of Restricted Subsidiaries that are not Guarantors, preferred stock; provided that the Borrower may incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted
Subsidiary may incur Indebtedness (including Acquired Indebtedness), issue shares of Disqualified Stock and issue shares of preferred stock, if, after giving effect thereto, the Consolidated Total Debt to Consolidated EBITDA Ratio of the Borrower
and the Restricted Subsidiaries would be no more than 6.50 to 1.00; provided further that the amount of Indebtedness (other than Acquired Indebtedness), Disqualified Stock and preferred stock that may be incurred pursuant to the
foregoing together with any amounts incurred under Section 10.1(n)(x) by Restricted Subsidiaries that are not Guarantors shall not exceed the greater of (x) $45,000,000 and (y) 20.0% of Consolidated EBITDA for the most recently
ended Test Period (calculated on a Pro Forma Basis) at any one time outstanding. 
 The foregoing limitations will not apply to: 

(a) Indebtedness arising under the Credit Documents; 

(b) (x) Indebtedness represented by the Senior Unsecured Notes, and any Guarantee made by a Guarantor thereof in an aggregate principal amount
(plus all accrued interest, fees and expenses) not to exceed $750,000,000 (or such lesser aggregate principal amount as may be outstanding on the Closing Date), (y) any notes issued, exchanged or placed in connection with any refinancing of any
Indebtedness specified in subclause (x) above pursuant to the Senior Unsecured Notes Exchange and (z) any refinancing, refunding, renewal, exchange or extension of any Indebtedness specified in subclause (x) or (y) above;
provided that except to the extent otherwise permitted under this provision or the other provisions of Section 10.1, (I) the principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding
immediately prior to such refinancing, refunding, renewal, exchange or extension (except for any original issue discount thereon and the amount of fees, expenses and premium in connection with such refinancing) and (II) such Indebtedness otherwise
complies with the definition of “Permitted Other Indebtedness” (provided that such Indebtedness shall constitute senior unsecured notes); 

(c) (i) Indebtedness (including any unused commitment) outstanding on the Closing Date listed on Schedule 10.1 and
(ii) intercompany Indebtedness (including any unused commitment) outstanding on the Closing Date listed on Schedule 10.1 (other than intercompany Indebtedness owed by a Credit Party to another Credit Party); 

(d) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and preferred stock incurred by the Borrower or any Restricted
Subsidiary, to finance the purchase, lease, construction, installation, maintenance, replacement or improvement of property (real or personal) or equipment that is used or useful in a Similar Business, whether through the direct purchase of assets
or the Capital Stock of any Person owning such assets and Indebtedness arising from the conversion of the obligations of the Borrower or any Restricted Subsidiary under or pursuant to any “synthetic lease” transactions to on-balance sheet
Indebtedness of the Borrower or such Restricted Subsidiary, in an aggregate principal amount which, when aggregated with the principal amount of all other Indebtedness, Disqualified Stock and preferred stock then outstanding and incurred pursuant to
this clause (d) and all Refinancing Indebtedness incurred to refinance any other Indebtedness, Disqualified Stock and preferred stock incurred pursuant to this clause (d), does not exceed the greater of (x) $50,000,000 and
(y) 22.5% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of incurrence; provided that Capitalized Lease Obligations incurred by the Borrower or any Restricted Subsidiary
pursuant to this clause (d) in connection with a Permitted Sale Leaseback shall not 

  
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be subject to the foregoing limitation so long as the proceeds of such Permitted Sale Leaseback are used by the Borrower or such Restricted Subsidiary to permanently repay outstanding Term Loans
or other Indebtedness secured by a Lien on the assets subject to such Permitted Sale Leaseback (excluding any Lien ranking junior to the Lien securing the Obligations); 

(e) Indebtedness incurred by the Borrower or any Restricted Subsidiary (including letter of credit obligations consistent with past practice
constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of business), in respect of workers’ compensation claims, performance or surety bonds, health, disability or other employee benefits or
property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement or indemnification type obligations regarding workers’ compensation claims, performance or surety bonds, health, disability or other
employee benefits or property, casualty or liability insurance or self-insurance; 
 (f) Indebtedness arising from agreements of the
Borrower or a Restricted Subsidiary providing for indemnification, adjustment of purchase price, earnout or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or a
Subsidiary or other Person, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; provided that such Indebtedness is
not reflected on the balance sheet of the Borrower or any Restricted Subsidiary (contingent obligations referred to in a footnote to financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected as
Indebtedness on such balance sheet for purposes of this clause (f)); 
 (g) Indebtedness of Holdings or the Borrower to a Restricted
Subsidiary; provided that any such Indebtedness owing to a Restricted Subsidiary that is not the Borrower or a Guarantor is subordinated in right of payment to Holdings’ Guarantee; provided, further, that any subsequent
issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Borrower or another
Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause; 
 (h)
Indebtedness of a Restricted Subsidiary owing to Holdings, the Borrower or another Restricted Subsidiary; provided that if the Borrower or a Guarantor incurs such Indebtedness owing to a Restricted Subsidiary that is not the Borrower or a
Guarantor, such Indebtedness is subordinated in right of payment to the Guarantee of such Guarantor as the case may be; provided, further, that any subsequent transfer of any such Indebtedness (except to the Borrower or another
Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause; 
 (i) shares of
preferred stock of a Restricted Subsidiary issued to the Borrower or another Restricted Subsidiary; provided that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary
ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of preferred stock (except to the Borrower or another Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of preferred stock
not permitted by this clause; 
 (j) Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes); 

(k) obligations in respect of self-insurance, performance, bid, appeal, and surety bonds and completion guarantees and similar obligations
provided by the Borrower or any Restricted Subsidiary or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each case, in the ordinary course of business or consistent with past practice; 

  
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 (l) (i) Indebtedness, Disqualified Stock and preferred stock of the Borrower or any
Restricted Subsidiary in an aggregate principal amount or liquidation preference up to 100% of the net cash proceeds received by the Borrower since immediately after the Closing Date from the issue or sale of Equity Interests of the Borrower or cash
contributed to the capital of the Borrower (in each case, other than Excluded Contributions or proceeds of Disqualified Stock or sales of Equity Interests to the Borrower or any of its Subsidiaries) as determined in accordance with Sections
10.5(a)(iii)(B) and 10.5(a)(iii)(C) to the extent such net cash proceeds or cash have not been applied pursuant to such clauses to make Restricted Payments or to make other Investments, payments or exchanges pursuant to
Section 10.5(b) or to make Permitted Investments (other than Permitted Investments specified in clauses (a) and (c) of the definition thereof) and (ii) Indebtedness, Disqualified Stock or preferred stock of the
Borrower or any Restricted Subsidiary not otherwise permitted hereunder in an aggregate principal amount or liquidation preference, which when aggregated with the principal amount and liquidation preference of all other Indebtedness, Disqualified
Stock and preferred stock then outstanding and incurred pursuant to this clause (l)(ii), does not at any one time outstanding exceed the greater of (x) $100,000,000 and (y) 42.5% of Consolidated EBITDA for the most recently ended
Test Period (calculated on a Pro Forma Basis) at the time of incurrence (it being understood that any Indebtedness, Disqualified Stock or preferred stock incurred pursuant to this clause (l)(ii) shall cease to be deemed incurred or
outstanding for purposes of this clause (l)(ii) but shall be deemed incurred for the purposes of the first paragraph of this Section 10.1 from and after the first date on which the Borrower or such Restricted Subsidiary could have
incurred such Indebtedness, Disqualified Stock or preferred stock under the first paragraph of this Section 10.1 without reliance on this clause (l)(ii)); 

(m) the incurrence or issuance by the Borrower or any Restricted Subsidiary of Indebtedness, Disqualified Stock or preferred stock which
serves to refinance any Indebtedness, Disqualified Stock or preferred stock incurred as permitted under the first paragraph of this Section 10.1 and clauses (b) and (c) above, clause (l)(i) and, this clause
(m) and clause (n) below or any Indebtedness, Disqualified Stock or preferred stock issued to so refinance, replace, refund, extend, renew, defease, restructure, amend, restate or otherwise modify (collectively,
“refinance”) such Indebtedness, Disqualified Stock or preferred stock (the “Refinancing Indebtedness”) prior to its respective maturity; provided, that such Refinancing Indebtedness (1) has a weighted
average life to maturity at the time such Refinancing Indebtedness is incurred which is not less than the remaining weighted average life to maturity of the Indebtedness, Disqualified Stock or preferred stock being refinanced, (2) to the extent
such Refinancing Indebtedness refinances (i) Indebtedness that is unsecured or secured by a Lien ranking junior to the Liens securing the Obligations, such Refinancing Indebtedness is unsecured or secured by a Lien ranking junior to the Liens
securing the Obligations, (ii) Disqualified Stock or preferred stock, such Refinancing Indebtedness must be Disqualified Stock or preferred stock, respectively, and (iii) Indebtedness subordinated to the Obligations, such Refinancing
Indebtedness is subordinated to the Obligations at least to the same extent as the Indebtedness being Refinanced and (3) shall not include Indebtedness, Disqualified Stock or preferred stock of a Subsidiary of the Borrower that is not a
Guarantor that refinances Indebtedness, Disqualified Stock or preferred stock of the Borrower or a Guarantor; 
 (n) Indebtedness,
Disqualified Stock or preferred stock of (x) the Borrower or a Restricted Subsidiary incurred or issued to finance an acquisition, merger, or consolidation; provided that the amount of Indebtedness (other than Acquired Indebtedness),
Disqualified Stock and preferred stock that may be incurred pursuant to the foregoing, together with any amounts incurred under the first paragraph of this Section 10.1 by Restricted Subsidiaries that are not Guarantors shall not exceed
the greater of (x) $45,000,000 and (y) 20.0% of Consolidated EBITDA for the most recently ended Test Period 

  
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(calculated on a Pro Forma Basis) at any one time outstanding, or (y) Persons that are acquired by the Borrower or any Restricted Subsidiary or merged into or consolidated with the Borrower
or a Restricted Subsidiary in accordance with the terms hereof (including designating an Unrestricted Subsidiary a Restricted Subsidiary); provided that after giving effect to any such acquisition, merger, consolidation or designation
described in this clause (n), either: (1) in the case of the incurrence of any such Indebtedness that is unsecured, (I) the Consolidated Total Debt to Consolidated EBITDA Ratio of the Borrower and the Restricted Subsidiaries, after
giving effect to the incurrence or issuance of such Indebtedness, Disqualified Stock or preferred stock, would be no more than 7.00 to 1.00 or (II) the Consolidated Total Debt to Consolidated EBITDA Ratio of the Borrower and the Restricted
Subsidiaries, after giving effect to the incurrence or issuance of such Indebtedness, Disqualified Stock or preferred stock would be equal to or less than the that immediately prior to such acquisition, merger consolidation or designation or
(2) in the case of the incurrence of any such Indebtedness that is secured, (I) the Borrower would be in compliance on a Pro Forma Basis with the First Lien Secured Leverage Test or (II) (II) the Consolidated First Lien Secured Debt to
Consolidated EBITDA Ratio of the Borrower and the Restricted Subsidiaries, after giving effect to the incurrence or issuance of such Indebtedness, Disqualified Stock or preferred stock would be equal to or less than the that immediately prior to
such acquisition, merger consolidation or designation (assuming, for purposes of this subclause (2), that all such secured Indebtedness would be included in the definition of Consolidated First Lien Secured Debt, whether or not such Indebtedness
would otherwise be so included); 
 (o) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or
similar instrument drawn against insufficient funds in the ordinary course of business; 
 (p) (i) Indebtedness of the Borrower or any
Restricted Subsidiary supported by a letter of credit, in a principal amount not in excess of the stated amount of such letter of credit so long as such letter of credit is otherwise permitted to be incurred pursuant to this Section 10.1
or (ii) obligations in respect of letters of support, guarantees or similar obligations issued, made or incurred for the benefit of any Subsidiary of the Borrower to the extent required by law or in connection with any statutory filing or the
delivery of audit opinions performed in jurisdictions other than within the United States; 
 (q) (1) any guarantee by the Borrower or
a Restricted Subsidiary of Indebtedness or other obligations of any Restricted Subsidiary so long as in the case of a guarantee of Indebtedness by a Restricted Subsidiary that is not a Guarantor, such Indebtedness could have been incurred directly
by the Restricted Subsidiary providing such guarantee or (2) any guarantee by a Restricted Subsidiary of Indebtedness of the Borrower; provided that no Guarantee in respect of the Senior Unsecured Notes or any Permitted Other
Indebtedness shall be permitted unless such Guarantee is made by a Guarantor; 
 (r) Indebtedness of Restricted Subsidiaries that are not
Guarantors in an amount not to exceed, in the aggregate at any one time outstanding, the greater of (x) $50,000,000 and (y) 22.5% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) (it being
understood that any Indebtedness incurred pursuant to this clause (r) shall cease to be deemed incurred or outstanding for purposes of this clause (r) but shall be deemed incurred for the purposes of the first paragraph of this
covenant from and after the first date on which such Restricted Subsidiary could have incurred such Indebtedness under the first paragraph of this covenant without reliance on this clause (r)); 

(s) Indebtedness of the Borrower or any of the Restricted Subsidiaries consisting of (i) the financing of insurance premiums or
(ii) take or pay obligations contained in supply arrangements in each case, incurred in the ordinary course of business or consistent with past practice; 

  
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 (t) Indebtedness of the Borrower or any of the Restricted Subsidiaries undertaken in connection
with cash management and related activities with respect to any Subsidiary or joint venture in the ordinary course of business, including with respect to financial accommodations of the type described in the definition of Cash Management Services;

 (u) Indebtedness consisting of Indebtedness issued by the Borrower or any of the Restricted Subsidiaries to future, current or former
officers, directors, managers and employees thereof, their respective estates, spouses or former spouses, in each case to finance the purchase or redemption of Equity Interests of the Borrower or any direct or indirect parent company of the Borrower
to the extent described in clause (4) of Section 10.5(b); 
 (v) [Reserved]; 

(w) Indebtedness in respect of (i) Permitted Other Indebtedness to the extent that the Net Cash Proceeds therefrom are applied to the
prepayment of Term Loans in the manner set forth in Section 5.2(a)(i); and (ii) any refinancing, refunding, renewal or extension of any Indebtedness specified in subclause (i) above; provided that (x) the
principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (except for any original issue discount thereon and the amount of fees,
expenses, and premium and accrued and unpaid interest in connection with such refinancing) and (y) such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness; 

(x) Indebtedness in respect of (i) Permitted Other Indebtedness; provided that either (a) the aggregate principal amount of
all such Permitted Other Indebtedness issued or incurred pursuant to this clause (i)(a) shall not exceed the Maximum Incremental Facilities Amount or (b) the Net Cash Proceeds thereof shall be applied no later than ten Business Days
after the receipt thereof to repurchase, repay, redeem or otherwise defease the Senior Secured Notes or the Senior Unsecured Notes (provided, in the case of this clause (i)(b), such Permitted Other Indebtedness is unsecured or secured
by a Lien ranking junior to the Lien securing the Obligations) and (ii) any refinancing, refunding, renewal or extension of any Indebtedness specified in subclause (i) above; provided that (x) the principal amount of any such
Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (except for any original issue discount thereon and the amount of fees, expenses and premium and
accrued and unpaid interest in connection with such refinancing), (y) such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness, and (z) in the case of a refinancing of Permitted Other Indebtedness incurred
pursuant to clause (i)(b) above with other Permitted Other Indebtedness (“Refinancing Permitted Other Indebtedness”), such Refinancing Permitted Other Indebtedness, if secured, may only be secured by a Lien ranking junior to
the Lien securing the Obligations; and 
 (y) (i) Indebtedness in respect of Permitted Debt Exchange Notes incurred pursuant to a
Permitted Debt Exchange in accordance with Section 2.15 (and which does not generate any additional proceeds) and (ii) any refinancing, refunding, renewal or extension of any Indebtedness specified in subclause (i) above;
provided that (x) the principal amount of any such Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (except for any original issue
discount thereon and the amount of fees, expenses, and premium and accrued and unpaid interest in connection with such refinancing) and (y) such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness. 

For purposes of determining compliance with this Section 10.1: (i) in the event that an item of Indebtedness, Disqualified Stock or preferred
stock (or any portion thereof) meets the criteria of more 

  
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than one of the categories of permitted Indebtedness, Disqualified Stock or preferred stock described in clauses (a) through (y) above or is entitled to be incurred pursuant to
the first paragraph of this Section 10.1, the Borrower, in its sole discretion, will classify and may reclassify such item of Indebtedness, Disqualified Stock or preferred stock (or any portion thereof) and will only be required to
include the amount and type of such Indebtedness, Disqualified Stock or preferred stock in one of the above clauses or paragraphs; and (ii) at the time of incurrence, the Borrower will be entitled to divide and classify an item of Indebtedness
in more than one of the types of Indebtedness described in this Section 10.1. 
 Accrual of interest or dividends, the accretion of accreted
value, the accretion or amortization of original issue discount and the payment of interest or dividends in the form of additional Indebtedness, Disqualified Stock or preferred stock will not be deemed to be an incurrence of Indebtedness,
Disqualified Stock or preferred stock for purposes of this covenant. Any Refinancing Indebtedness and any Indebtedness incurred to refinance Indebtedness incurred pursuant to clauses (a) and (l)(i) above shall be deemed to include
additional Indebtedness, Disqualified Stock or preferred stock incurred to pay premiums (including reasonable tender premiums), defeasance costs, fees, and expenses in connection with such refinancing. 

For purposes of determining compliance with any Dollar-denominated restriction on the incurrence of Indebtedness, the principal amount of Indebtedness
denominated in another currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt;
provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in another currency, and such refinancing would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant
currency exchange rate in effect on the date of such refinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed (i) the principal
amount of such Indebtedness being refinanced plus (ii) the aggregate amount of fees, underwriting discounts, premiums, and other costs and expenses and accrued and unpaid interest incurred in connection with such refinancing. 

The principal amount of any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency from the Indebtedness being refinanced,
shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the date of such refinancing. 

This Agreement will not treat (1) unsecured Indebtedness as subordinated or junior to secured Indebtedness merely because it is unsecured or
(2) senior Indebtedness as subordinated or junior to any other senior Indebtedness merely because it has a junior priority with respect to the same collateral. 

10.2 Limitation on Liens. 

(a) Holdings and the Borrower will not, and will not permit any of the Restricted Subsidiaries to, create, incur, assume or suffer to exist
any Lien upon any property or assets of any kind (real or personal, tangible or intangible) of the Borrower or any Restricted Subsidiary, whether now owned or hereafter acquired (each, a “Subject Lien”) that secures obligations
under any Indebtedness on any asset or property of Holdings or any Restricted Subsidiary, except: 
 (i) in the case of
Subject Liens on any Collateral, if such Subject Lien is a Permitted Lien; and 
 (ii) in the case of any other asset or
property, any Subject Lien if (i) the Obligations are equally and ratably secured with (or on a senior basis to, in the case such Subject Lien secures any Junior Debt) the obligations secured by such Subject Lien or (ii) such Subject Lien
is a Permitted Lien. 

  
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 (b) Any Lien created for the benefit of the Secured Parties pursuant to the preceding paragraph
shall provide by its terms that such Lien shall be automatically and unconditionally be released and discharged upon the release and discharge of the Subject Lien that gave rise to the obligation to so secure the Obligations. 

10.3 Limitation on Fundamental Changes. Holdings and the Borrower will not, and will not permit any of the Restricted Subsidiaries to,
enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, assign, transfer or otherwise dispose of, all or substantially all its business units,
assets or other properties, except that: 
 (a) so long as no Event of Default has occurred and is continuing or would result
therefrom, any Subsidiary of the Borrower or any other Person may be merged, amalgamated or consolidated with or into the Borrower; provided that (A) the Borrower shall be the continuing or surviving corporation or (B) if the Person
formed by or surviving any such merger, amalgamation or consolidation is not the Borrower (such other Person, the “Successor Borrower”), (1) the Successor Borrower shall be an entity organized or existing under the laws of the
United States, any state thereof, the District of Columbia or any territory thereof, (2) the Successor Borrower shall expressly assume all the obligations of the Borrower under this Agreement and the other Credit Documents pursuant to a
supplement hereto or thereto or in a form otherwise reasonably satisfactory to the Administrative Agent, (3) each Guarantor, unless it is the other party to such merger, amalgamation or consolidation, shall have by a supplement to the Guarantee
confirmed that its guarantee thereunder shall apply to any Successor Borrower’s obligations under this Agreement, (4) each Subsidiary grantor and each Subsidiary pledgor, unless it is the other party to such merger, amalgamation or
consolidation, shall have by a supplement to any applicable Security Document affirmed that its obligations thereunder shall apply to its Guarantee as reaffirmed pursuant to clause (3), (5) each mortgagor of a Mortgaged Property, unless
it is the other party to such merger, amalgamation or consolidation, shall have affirmed that its obligations under the applicable Mortgage shall apply to its Guarantee as reaffirmed pursuant to clause (3), and (6) the Successor Borrower
shall have delivered to the Administrative Agent (x) an officer’s certificate stating that such merger, amalgamation, or consolidation and such supplements preserve the enforceability of the Guarantee and the perfection and priority of the
Liens under the applicable Security Documents and (y) if requested by the Administrative Agent, an opinion of counsel to the effect that such merger, amalgamation, or consolidation does not violate this Agreement or any other Credit Document
and that the provisions set forth in the preceding clauses (3) through (5) preserve the enforceability of the Guarantee and the perfection of the Liens created under the applicable Security Documents (it being understood that if the
foregoing are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement); 

(b) so long as no Event of Default has occurred and is continuing or would result therefrom, any Subsidiary of the Borrower or
any other Person may be merged, amalgamated or consolidated with or into any one or more Subsidiaries of the Borrower; provided that (i) in the case of any merger, amalgamation or consolidation involving one or more Restricted
Subsidiaries, (A) a Restricted Subsidiary shall be the continuing or surviving Person or (B) the 

  
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Borrower shall cause the Person formed by or surviving any such merger, amalgamation or consolidation (if other than a Restricted Subsidiary) to become a Restricted Subsidiary, (ii) in the
case of any merger, amalgamation or consolidation involving one or more Guarantors, a Guarantor shall be the continuing or surviving Person or the Person formed by or surviving any such merger, amalgamation or consolidation and if the surviving
Person is not already a Guarantor, such Person shall execute a supplement to the Guarantee and the relevant Security Documents in form and substance reasonably satisfactory to the Administrative Agent in order to become a Guarantor and pledgor,
mortgagor and grantor, as applicable, thereunder for the benefit of the Secured Parties, and (iii) the Borrower shall have delivered to the Administrative Agent an officer’s certificate stating that such merger, amalgamation or
consolidation and any such supplements to any Security Document preserve the enforceability of the Guarantees and the perfection and priority of the Liens under the applicable Security Documents; 

(c) the Arcade Transactions may be consummated; 

(d) (i) any Restricted Subsidiary that is not a Credit Party may convey, sell, lease, assign, transfer or otherwise dispose of
any or all of its assets (upon voluntary liquidation or dissolution or otherwise) to the Borrower or any other Restricted Subsidiary or (ii) any Credit Party (other than the Borrower) may convey, sell, lease, assign, transfer or otherwise
dispose of any or all of its assets (upon voluntary liquidation or dissolution or otherwise) to any other Credit Party; 

(e) any Subsidiary may convey, sell, lease, assign, transfer or otherwise dispose of any or all of its assets (upon voluntary
liquidation or dissolution or otherwise) to a Credit Party; provided that the consideration for any such disposition by any Person other than a Guarantor shall not exceed the fair value of such assets; 

(f) any Restricted Subsidiary may liquidate or dissolve if the Borrower determines in good faith that such liquidation or
dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; 
 (g) The
Borrower and the Restricted Subsidiaries may consummate a merger, dissolution, liquidation, consolidation, investment or conveyance, sale, lease, assignment or disposition, the purpose of which is to effect an Asset Sale (which for purposes of this
Section 10.3(g), will include any disposition below the dollar threshold set forth in clause (d) of the definition of “Asset Sale”) permitted by Section 10.4 or an investment permitted pursuant to
Section 10.5 or an investment that constitutes a Permitted Investment; and 
 (h) so long as no Event of Default
has occurred and is continuing or would result therefrom, the Borrower or any Restricted Subsidiary may change its legal form. 
 10.4
Limitation on Sale of Assets. Holdings and the Borrower will not, and will not permit any Restricted Subsidiary to, consummate an Asset Sale, unless: 

(a) The Borrower or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at
least equal to the Fair Market Value (as determined at the time of contractually agreeing to such Asset Sale) of the assets sold or otherwise disposed of; and 

  
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 (b) except in the case of a Permitted Asset Swap, if the property or assets sold
or otherwise disposed of have a Fair Market Value in excess of $10,000,000, at least 75% of the consideration therefor received by the Borrower or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents;
provided that the amount of: 
 (i) any liabilities (as reflected on the Borrower’s most recent consolidated
balance sheet or in the footnotes thereto, or if incurred or accrued subsequent to the date of such balance sheet, such liabilities that would have been reflected on the Borrower’s consolidated balance sheet or in the footnotes thereto if such
incurrence or accrual had taken place on or prior to the date of such balance sheet, as determined in good faith by the Borrower) of the Borrower, other than liabilities that are by their terms subordinated to the Loans, that are assumed by the
transferee of any such assets (or are otherwise extinguished in connection with the transactions relating to such Asset Sale) and for which the Borrower and all such Restricted Subsidiaries have been validly released by all applicable creditors in
writing; 
 (ii) any securities, notes or other obligations or assets received by the Borrower or such Restricted Subsidiary
from such transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents
received), in each case, within 180 days following the closing of such Asset Sale; 
 (iii) Indebtedness, other than
liabilities that are by their terms subordinated to the Loans, that are of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Sale, to the extent that the Borrower and all Restricted Subsidiaries have been
validly released from any Guarantee of payment of such Indebtedness in connection with such Asset Sale; and 
 (iv) any
Designated Non-Cash Consideration received by the Borrower or such Restricted Subsidiary in such Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-Cash Consideration received pursuant to this clause
(iv) that is at that time outstanding, not to exceed the greater of $65,000,000 or 27.5% of Consolidated Total Assets for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of the receipt of such Designated
Non-Cash Consideration, with the Fair Market Value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value, 

shall be deemed to be cash for purposes of this clause (b) of this provision and for no other purpose. 

Within the Reinvestment Period after the Borrower’s or any Restricted Subsidiary’s receipt of the Net Cash Proceeds of any Asset
Sale, the Borrower or such Restricted Subsidiary shall apply the Net Cash Proceeds from such Asset Sale: 
 (i) to prepay
Loans or Permitted Other Indebtedness in accordance with Section 5.2(a)(i); and/or 
 (ii) to make investments in
the Borrower and its Subsidiaries; provided that the Borrower and the Restricted Subsidiaries will be deemed to have complied with this 

  
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clause (ii) if and to the extent that, within the Reinvestment Period after the Asset Sale that generated the Net Cash Proceeds, the Borrower or such Restricted Subsidiary has entered into
and not abandoned or rejected a binding agreement to consummate any such investment described in this clause (ii) with the good faith expectation that such Net Cash Proceeds will be applied to satisfy such commitment within 180 days of such
commitment and, in the event any such commitment is later cancelled or terminated for any reason before the Net Cash Proceeds are applied in connection therewith, the Borrower or such Restricted Subsidiary prepays the Loans in accordance with
Section 5.2(a)(i). 
 (c) Pending the final application of any Net Cash Proceeds pursuant to this covenant, the
Borrower or the applicable Restricted Subsidiary may apply such Net Cash Proceeds temporarily to reduce Indebtedness outstanding under the Revolving Credit Facility or any other revolving credit facility or otherwise invest such Net Cash Proceeds in
any manner not prohibited by this Agreement. 
 10.5 Limitation on Restricted Payments. 

(a) Holdings and the Borrower will not, and will not permit any Restricted Subsidiary to, directly or indirectly: 

(1) declare or pay any dividend or make any payment or distribution on account of the Borrower’s or any Restricted
Subsidiary’s Equity Interests, including any dividend or distribution payable in connection with any merger or consolidation, other than: 

(A) dividends or distributions by the Borrower payable in Equity Interests (other than Disqualified Stock) of the Borrower or
in options, warrants or other rights to purchase such Equity Interests, or 
 (B) dividends or distributions by a Restricted
Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of any class or series of securities issued by a Subsidiary other than a Wholly-Owned Subsidiary, the Borrower or a Restricted Subsidiary receives at least
its pro rata share of such dividend or distribution in accordance with its Equity Interests in such class or series of securities; 

(2) purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of the Borrower or any direct or
indirect parent company of the Borrower, including in connection with any merger or consolidation; 
 (3) make any principal
payment on, or redeem, repurchase, defease or otherwise acquire or retire for value in each case, prior to any scheduled repayment, sinking fund payment or maturity, any Junior Debt of the Borrower or any Restricted Subsidiary, other than
(A) Indebtedness permitted under clauses (g) and (h) of Section 10.1 or (B) the purchase, repurchase or other acquisition of Junior Debt purchased in anticipation of satisfying a sinking fund obligation, principal
installment or final maturity, in each case due within one year of the date of purchase, repurchase or acquisition; or 

(4) make any Restricted Investment; 

  
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 (all such payments and other actions set forth in clauses (1) through (4) above (other than any
exception thereto) being collectively referred to as “Restricted Payments”), unless, at the time of such Restricted Payment: 

(i) no Event of Default shall have occurred and be continuing or would occur as a consequence thereof (or in the case of a
Restricted Investment, no Event of Default under Section 11.1 or 11.5 shall have occurred and be continuing or would occur as a consequence thereof); 

(ii) except in the case of a Restricted Investment, immediately after giving effect to such transaction on a pro forma basis,
the Borrower could incur $1.00 of additional Indebtedness under the provisions of the first paragraph of Section 10.1; and 

(iii) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Borrower and the
Restricted Subsidiaries after the Closing Date (including Restricted Payments permitted by clauses (1), (2) (with respect to the payment of dividends on Refunding Capital Stock pursuant to clause (b) thereof only) and (9)
of Section 10.5(b) below, but excluding all other Restricted Payments permitted by Section 10.5(b)), is less than the sum of (without duplication): 

(A) 50% of the Consolidated Net Income of the Borrower for the period (taken as one accounting period) from the first day of
the fiscal quarter during which the Closing Date occurs to the end of the Borrower’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment, or, in the case such
Consolidated Net Income for such period is a deficit, minus 100% of such deficit, plus  
 (B) 100% of the
aggregate net cash proceeds and the Fair Market Value of marketable securities or other property received by the Borrower since immediately after the Closing Date (other than net cash proceeds from Cure Amounts or to the extent such net cash
proceeds have been used to incur Indebtedness, Disqualified Stock or preferred stock pursuant to clause (l)(i) of Section 10.1) from the issue or sale of (x) Equity Interests of the Borrower, including Retired Capital Stock,
but excluding cash proceeds and the Fair Market Value of marketable securities or other property received from the sale of (A) Equity Interests to any employee, director, manager or consultant of the Borrower, any direct or indirect parent
company of the Borrower and the Borrower’s Subsidiaries after the Closing Date to the extent such amounts have been applied to Restricted Payments made in accordance with clause (4) of Section 10.5(b) below, and
(B) Designated Preferred Stock, and, to the extent such net cash proceeds are actually contributed to the Borrower, Equity Interests of any direct or indirect parent company of the Borrower (excluding contributions of the proceeds from the sale
of Designated Preferred Stock of such companies or contributions to the extent such amounts have been applied to Restricted Payments made in accordance with clause (4) of Section 10.5(b) below) or (y) Indebtedness of the
Borrower or a Restricted Subsidiary that has been converted into or exchanged for such Equity Interests of the Borrower or any direct or indirect parent company of the Borrower; provided that this clause (B) shall not include the
proceeds from (a) Refunding Capital Stock, (b) Equity 

  
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Interests or Indebtedness that has been converted or exchanged for Equity Interests of the Borrower sold to a Restricted Subsidiary or the Borrower, as the case may be, (c) Disqualified
Stock or Indebtedness that has been converted or exchanged into Disqualified Stock or (d) Excluded Contributions, plus  

(C) 100% of the aggregate amount of cash and the Fair Market Value of marketable securities or other property contributed to
the capital of the Borrower following the Closing Date (other than net cash proceeds from Cure Amounts or to the extent such net cash proceeds (i) have been used to incur Indebtedness, Disqualified Stock or preferred stock pursuant to clause
(l)(i) of Section 10.1), (ii) are contributed by a Restricted Subsidiary or (iii) constitute Excluded Contributions), plus  

(D) 100% of the aggregate amount received in cash and the Fair Market Value of marketable securities or other property
received by means of (A) the sale or other disposition (other than to the Borrower or a Restricted Subsidiary) of Restricted Investments made by the Borrower and the Restricted Subsidiaries and repurchases and redemptions of such Restricted
Investments from the Borrower and the Restricted Subsidiaries and repayments of loans or advances, and releases of guarantees, which constitute Restricted Investments made by the Borrower or the Restricted Subsidiaries, in each case, after the
Closing Date; or (B) the sale (other than to the Borrower or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary or a distribution from an Unrestricted Subsidiary (other than in each case to the extent the Investment in such
Unrestricted Subsidiary was made by the Borrower or a Restricted Subsidiary pursuant to clause (7) of Section 10.5(b) below or to the extent such Investment constituted a Permitted Investment) or a dividend from an Unrestricted
Subsidiary after the Closing Date, plus  
 (E) in the case of the redesignation of an Unrestricted Subsidiary as a
Restricted Subsidiary after the Closing Date, the Fair Market Value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary, other than to the extent the
Investment in such Unrestricted Subsidiary was made by the Borrower or a Restricted Subsidiary pursuant to clause (7) of Section 10.5(b) below or to the extent such Investment constituted a Permitted Investment, plus  

(F) the aggregate amount of any Retained Declined Proceeds since the Closing Date, plus  

(G) $25,000,000. 

(b) The foregoing provisions of Section 10.5(a) will not prohibit: 

(1) the payment of any dividend or distribution or the consummation of any irrevocable redemption within 60 days after the
date of declaration thereof or the giving of such irrevocable notice, as applicable, if at the date of declaration or the giving of such notice such payment would have complied with the provisions of this Agreement; 

  
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 (2) the redemption, repurchase, retirement or other acquisition of any Equity
Interests (“Retired Capital Stock”) or Junior Debt of the Borrower or any Restricted Subsidiary, or any Equity Interests of any direct or indirect parent company of the Borrower, in exchange for, or out of the proceeds of the
substantially concurrent sale (other than to a Restricted Subsidiary) of, Equity Interests of the Borrower or any direct or indirect parent company of the Borrower to the extent contributed to the Borrower (in each case, other than any Disqualified
Stock) (“Refunding Capital Stock”); 
 (3) the prepayment, redemption, defeasance, repurchase or other
acquisition or retirement for value of Junior Debt of the Borrower or a Restricted Subsidiary made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Borrower, or a Restricted Subsidiary, as the
case may be, which is incurred in compliance with Section 10.1 so long as: (A) the principal amount (or accreted value, if applicable) of such new Indebtedness does not exceed the principal amount of (or accreted value, if
applicable), plus any accrued and unpaid interest on the Junior Debt being so redeemed, defeased, repurchased, exchanged, acquired or retired for value, plus the amount of any premium (including reasonable tender premiums), defeasance costs and any
reasonable fees and expenses incurred in connection with the issuance of such new Indebtedness, (B) if such Junior Debt is subordinated to the Obligations, such new Indebtedness is subordinated to the Obligations or the applicable Guarantee at
least to the same extent as such Junior Debt so purchased, exchanged, redeemed, defeased, repurchased, acquired or retired for value, (C) such new Indebtedness has a final scheduled maturity date equal to or later than the final scheduled
maturity date of the Junior Debt being so redeemed, defeased, repurchased, exchanged, acquired or retired, (D) if such Junior Debt so purchased, exchanged, redeemed, repurchased, acquired or retired for value is (i) unsecured then such new
Indebtedness shall be unsecured or (ii) Permitted Other Indebtedness incurred pursuant to Section 10.1(x)(i)(b) and is secured by a Lien ranking junior to the Liens securing the Obligations then such new Indebtedness shall be
unsecured or secured by a Lien ranking junior to the Liens securing the Obligations, and (E) such new Indebtedness has a weighted average life to maturity equal to or greater than the remaining weighted average life to maturity of the Junior
Debt being so redeemed, defeased, repurchased, exchanged, acquired or retired; 
 (4) a Restricted Payment to pay for the
repurchase, retirement or other acquisition or retirement for value of Equity Interests (other than Disqualified Stock) of the Borrower or any direct or indirect parent company of the Borrower held by any future, present or former employee,
director, manager or consultant of the Borrower, any of its Subsidiaries or any direct or indirect parent company of the Borrower, or their estates, descendants, family, spouse or former spouse pursuant to any management equity plan or stock option
plan or any other management or employee benefit plan or agreement, or any stock subscription or shareholder agreement (including, for the avoidance of doubt, any principal and interest payable on any notes issued by the Borrower or any direct or
indirect parent company of the Borrower in connection with such repurchase, retirement or other acquisition), including any Equity Interests rolled over by management of the Borrower or any direct or indirect parent company of the Borrower in
connection with the Transactions; provided that, except with respect to non-discretionary purchases, the aggregate Restricted Payments made under this clause (4) subsequent to the Closing Date do not exceed in any calendar year
$15,000,000 with unused amounts in any calendar year being carried over to succeeding calendar years 

  
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subject to maximum aggregate Restricted Payments under this clause (without giving effect to the following proviso) of $30,000,000 in any calendar year); provided, further, that
such amount in any calendar year may be increased by an amount not to exceed: (A) the cash proceeds from the sale of Equity Interests (other than Disqualified Stock) of the Borrower and, to the extent contributed to the Borrower, the cash
proceeds from the sale of Equity Interests of any direct or indirect parent company of the Borrower, in each case to any future, present or former employees, directors, managers or consultants of the Borrower, any of its Subsidiaries or any direct
or indirect parent company of the Borrower that occurs after the Closing Date, to the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to the payment of Restricted Payments by virtue of clause
(iii) of Section 10.5(a), plus (B) the cash proceeds of key man life insurance policies received by the Borrower and the Restricted Subsidiaries after the Closing Date, less (C) the amount of any Restricted Payments
previously made pursuant to clauses (A) and (B) of this clause (4); and provided, further, that cancellation of Indebtedness owing to the Borrower or any Restricted Subsidiary from any future, present or former
employees, directors, managers or consultants of the Borrower, any direct or indirect parent company of the Borrower or any Restricted Subsidiary, or their estates, descendants, family, spouse or former spouse pursuant in connection with a
repurchase of Equity Interests of the Borrower or any direct or indirect parent company of the Borrower will not be deemed to constitute a Restricted Payment for purposes of this Section 10.5 or any other provision of this Agreement;

 (5) [Reserved]. 

(6) [Reserved]. 

(7) Investments in Unrestricted Subsidiaries having an aggregate Fair Market Value, taken together with all other Investments
made pursuant to this clause (7) that are at the time outstanding, without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds of such sale do not consist of cash, Cash Equivalents or marketable securities, not
to exceed the greater of (x) $40,000,000 and (y) 17.5% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of such Investment (with the Fair Market Value of each Investment being
measured at the time made and without giving effect to subsequent changes in value); 
 (8) (i) payments made or
expected to be made by the Borrower or any Restricted Subsidiary in respect of withholding or similar taxes payable upon exercise of Equity Interests by any future, present or former employee, director, manager, or consultant and repurchases of
Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants and (ii) payments or other adjustments to outstanding Equity Interests in
accordance with any management equity plan, stock option plan, stock option plan or any similar employee benefit plan, agreement or arrangement in connection with any Restricted Payment; 

(9) the declaration and payment of dividends on the Borrower’s common stock (or the payment of dividends to any direct or
indirect parent company of the Borrower to fund a payment of dividends on such company’s common stock), following consummation of the first public offering of the Borrower’s common stock or

  
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the common stock of any direct or indirect parent company of the Borrower after the Closing Date, of up to 6.00% per annum of the net cash proceeds received by or contributed to the Borrower
in or from any such public offering, other than public offerings with respect to the Borrower’s common stock registered on Form S-8 and other than any public sale constituting an Excluded Contribution; 

(10) Restricted Payments in an amount that does not exceed the amount of Excluded Contributions made since the Closing Date;

 (11) other Restricted Payments in an aggregate amount taken together with all other Restricted Payments made pursuant to
this clause not to exceed the greater of (x) $45,000,000 and (y) 20.0% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time made; 

(12) distributions or payments of Receivables Fees; 

(13) any Restricted Payment made in connection with the Transactions and the fees and expenses related thereto or used to fund
amounts owed to Affiliates (including dividends to any direct or indirect parent company of the Borrower to permit payment by such parent of such amount), to the extent permitted by Section 9.9 (other than clause (b) thereof), and
Restricted Payments in respect of working capital adjustments or purchase price adjustments pursuant to the Arcade Documents, any Permitted Acquisition or other Permitted Investment and to satisfy indemnity and other similar obligations under the
Arcade Documents, any Permitted Acquisitions or other Permitted Investments; 
 (14) other Restricted Payments;
provided that after giving Pro Forma Effect to such Restricted Payments the Consolidated Total Debt to Consolidated EBITDA Ratio is equal to or less than 4.00:1.00; 

(15) the declaration and payment of dividends by the Borrower to, or the making of loans to, any direct or indirect parent
company of the Borrower in amounts required for any direct or indirect parent company to pay: (A) franchise and excise taxes, and other fees and expenses, required to maintain its organizational existence, (B) consolidated, combined or
similar foreign, federal, state and local income and similar taxes, to the extent that such income taxes are attributable to the income of the Borrower and the Restricted Subsidiaries and, to the extent of the amount actually received from its
Unrestricted Subsidiaries, in amounts required to pay such taxes to the extent attributable to the income of such Unrestricted Subsidiaries, provided that in each case the amount of such payments with respect to any fiscal year does not
exceed the amount that the Borrower, the Restricted Subsidiaries and the Unrestricted Subsidiaries (to the extent described above) would have been required to pay in respect of such foreign, federal, state and local income taxes for such fiscal year
had the Borrower, the Restricted Subsidiaries and the Unrestricted Subsidiaries (to the extent described above) been a stand-alone taxpayer or stand-alone group (separate from any such direct or indirect parent company of the Borrower) for all
fiscal years ending after the Closing Date, (C) customary salary, bonus, and other benefits payable to officers, employees, directors, and managers of any direct or indirect parent company of the Borrower to the extent such salaries, bonuses,
and other benefits are attributable to the ownership or operation of the Borrower and the Restricted Subsidiaries, including the Borrower’s proportionate share 

  
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of such amount relating to such parent company being a public company, (D) general corporate or other operating (including, without limitation, expenses related to auditing or other
accounting matters) and overhead costs and expenses of any direct or indirect parent company of the Borrower to the extent such costs and expenses are attributable to the ownership or operation of the Borrower and the Restricted Subsidiaries,
including the Borrower’s proportionate share of such amount relating to such parent company being a public company, (E) amounts required for any direct or indirect parent company of the Borrower to pay fees and expenses incurred by any
direct or indirect parent company of the Borrower related to (i) the maintenance by such parent entity of its corporate or other entity existence and (ii) transactions of such parent company of the Borrower of the type described in
clause (xi) of the definition of Consolidated Net Income, (F) cash payments in lieu of issuing fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Equity
Interests of the Borrower or any such direct or indirect parent company of the Borrower, and (G) repurchases deemed to occur upon the cashless exercise of stock options; 

(16) the repurchase, redemption or other acquisition for value of Equity Interests of the Borrower deemed to occur in
connection with paying cash in lieu of fractional shares of such Equity Interests in connection with a share dividend, distribution, share split, reverse share split, merger, consolidation, amalgamation or other business combination of the Borrower,
in each case, permitted under this Agreement; 
 (17) the distribution, by dividend or otherwise, of shares of Capital Stock
of, or Indebtedness owed to the Borrower or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are cash and/or Cash Equivalents); 

(18) the prepayment, redemption, defeasance, repurchase or other acquisition or retirement for value of Senior Secured Notes
or Senior Unsecured Notes (x) in an aggregate amount pursuant to this subclause (18)(x) not to exceed the sum of (A) $250,000,000 and (B) the Specified Asset Sale Proceeds and (y) so long as such prepayment, redemption,
defeasance, repurchase or other acquisition or retirement for value is made concurrently on a pro rata basis (based on the aggregate principal amount of each such type of Indebtedness as of such date) with a corresponding prepayment of Term
Loans in accordance with Section 5.1(a); and 
 (19) to the extent constituting a Restricted Payment, any Restricted
Payments contemplated (A) by the Arcade Documents in connection with the Arcade Transactions or (B) in connection with the incurrence of any Indebtedness under Section 10.1(b)(y) or (z). 

provided that at the time of, and after giving effect to, any Restricted Payment permitted under clauses (10) (but only if the Excluded
Contribution was made more than six months prior to such time), (11), (14), and (18), no Event of Default shall have occurred and be continuing or would occur as a consequence thereof (or in the case of a Restricted Investment,
no Event of Default under Section 11.1 or 11.5 shall have occurred and be continuing or would occur as a consequence thereof). 

Holdings and the Borrower will not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence
of the definition of Unrestricted Subsidiary. For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the 

  
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Borrower and the Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the last
sentence of the definition of Investment. Such designation will be permitted only if a Restricted Payment in such amount would be permitted at such time, whether pursuant to Section 10.5(a) or under clauses (7), (10), or
(11) of Section 10.5(b), or pursuant to the definition of Permitted Investments, and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries will not be subject to any of the
restrictive covenants set forth in this Agreement. 
 For purposes of determining compliance with this covenant, in the event that a
proposed Restricted Payment or Investment (or a portion thereof) meets the criteria of clauses (1) through (18) above or is entitled to be made pursuant to Section 10.5(a) and/or one or more of the exceptions contained in
the definition of Permitted Investments, the Borrower will be entitled to classify or later reclassify (based on circumstances existing on the date of such reclassification) such Restricted Payment (or portion thereof) among such clauses (1)
through (18), Section 10.5(a) and/or one or more of the exceptions contained in the definition of “Permitted Investments”, in a manner that otherwise complies with this covenant. 

(c) Prior to the Initial Term Loan Maturity Date, to the extent any Permitted Debt Exchange Notes are issued pursuant to
Section 10.1(y) for the purpose of consummating a Permitted Debt Exchange, (i) Holdings and the Borrower will not, and will not permit any Restricted Subsidiary to, prepay, repurchase, redeem or otherwise defease or acquire any
Permitted Debt Exchange Notes unless the Borrower or a Restricted Subsidiary shall concurrently voluntarily prepay Term Loans pursuant to Section 5.1(a) on a pro rata basis among the Term Loans, in an amount not less than the product of
(a) a fraction, the numerator of which is the aggregate principal amount (calculated on the face amount thereof) of such Permitted Debt Exchange Notes that are proposed to be prepaid, repurchased, redeemed, defeased or acquired and the
denominator of which is the aggregate principal amount (calculated on the face amount thereof) of all Permitted Debt Exchange Notes in respect of the relevant Permitted Debt Exchange then outstanding (prior to giving effect to such proposed
prepayment, repurchase, redemption, defeasance or acquisition) and (b) the aggregate principal amount (calculated on the face amount thereof) of Term Loans then outstanding and (ii) the Borrower will not waive, amend or modify the terms of
any Permitted Debt Exchange Notes or any indenture pursuant to which such Permitted Debt Exchange Notes have been issued in any manner inconsistent with the terms of Section 2.15(a), Section 10.1(y), or the definition of
Permitted Other Indebtedness or that would result in a Default hereunder if such Permitted Debt Exchange Notes (as so amended or modified) were then being issued or incurred. 

10.6 Limitation on Subsidiary Distributions. Holdings and the Borrower will not permit any of the Restricted Subsidiaries that are not
Guarantors to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any such Restricted Subsidiary to: 

(a) (i) pay dividends or make any other distributions to the Borrower or any Restricted Subsidiary on its Capital Stock or
with respect to any other interest or participation in, or measured by, its profits or (ii) pay any Indebtedness owed to Holdings or any Restricted Subsidiary; 

(b) make loans or advances to the Borrower or any Restricted Subsidiary; or 

(c) sell, lease or transfer any of its properties or assets to the Borrower or any Restricted Subsidiary; 

  
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 except (in each case) for such encumbrances or restrictions (x) which the Borrower has
reasonably determined in good faith will not materially impair the Borrower’s ability to make payments under this Agreement when due or (y) existing under or by reason of: 

(i) contractual encumbrances or restrictions in effect on the Closing Date, including pursuant to this Agreement and the
related documentation and related Hedging Obligations; 
 (ii) the Senior Unsecured Notes Indenture, the Senior Unsecured
Notes, any Senior Secured Notes Indenture and the Senior Secured Notes; 
 (iii) purchase money obligations for property
acquired in the ordinary course of business or consistent with past practice and Capitalized Lease Obligations that impose restrictions of the nature discussed in clause (c) above on the property so acquired; 

(iv) Requirement of Law or any applicable rule, regulation or order; 

(v) any agreement or other instrument of a Person acquired by or merged or consolidated with or into the Borrower or any
Restricted Subsidiary, or of an Unrestricted Subsidiary that is designated a Restricted Subsidiary, or that is assumed in connection with the acquisition of assets from such Person, in each case that is in existence at the time of such transaction
(but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person and its Subsidiaries, or the property or assets of the Person and its
Subsidiaries, so acquired or designated; 
 (vi) contracts for the sale of assets, including customary restrictions with
respect to a Subsidiary of the Borrower pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary and restrictions on transfer of assets subject to
Permitted Liens; 
 (vii) (x) secured Indebtedness otherwise permitted to be incurred pursuant to Sections 10.1
and 10.2 that limit the right of the debtor to dispose of the assets securing such Indebtedness and (y) restrictions on transfers of assets subject to Permitted Liens (but, with respect to any such Permitted Lien, only to the extent that
such transfer restrictions apply solely to the assets that are the subject of such Permitted Lien); 
 (viii) restrictions on
cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business; 

(ix) other Indebtedness, Disqualified Stock or preferred stock of Restricted Subsidiaries permitted to be incurred subsequent
to the Closing Date pursuant to the provisions of Section 10.1; 
 (x) customary provisions in joint venture
agreements or arrangements and other similar agreements or arrangements relating solely to such joint venture and the Equity Interests issued thereby; 

(xi) customary provisions contained in leases, sub-leases, licenses, sub-licenses or similar agreements, in each case, entered
into in the ordinary course of business; 

  
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 (xii) restrictions created in connection with any Receivables Facility that, in
the good faith determination of the board of directors of the Borrower, are necessary or advisable to effect such Receivables Facility; and 

(xiii) any encumbrances or restrictions of the type referred to in clauses (a), (b), and (c) above imposed
by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (i) through (xii) above;
provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements, or refinancings (x) are, in the good faith judgment of the Borrower’ board of directors, no more restrictive in
any material respect with respect to such encumbrance and other restrictions taken as a whole than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing or (y) do not
materially impair the Borrower’s ability to pay their respective obligations under the Credit Documents as and when due (as determined in good faith by the Borrower). 

10.7 Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated First Lien
Secured Debt to Consolidated EBITDA Ratio (with Seasonal Revolving Indebtedness being excluded from Consolidated Total Debt for purposes of calculating such ratio in respect of each Test Period ending on the last day of the third fiscal quarter in
each fiscal year of the Borrower) for any Test Period ending on the last day of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such fiscal quarter: 

 

					
	 Fiscal Year
	  	 Fiscal Quarters
	  	Ratio
			
	 2014
	  	Fourth	  	5.75 to 1.00
	 2015
	  	First, Second, Third and Fourth	  	5.75 to 1.00
	 2016
	  	First, Second, Third and Fourth	  	5.75 to 1.00
	 2017
	  	First, Second, Third and Fourth	  	5.50 to 1.00
	 Each Fiscal Quarter Thereafter
	  		  	5.25 to 1.00

  

	Section 11.	Events of Default 

 Upon the occurrence of any of the following specified events (each an
“Event of Default”): 
 11.1 Payments. The Borrower shall (a) default in the payment when due of any principal
of the Loans or (b) default, and such default shall continue for five or more Business Days, in the payment when due of any interest on the Loans or any Fees or any Unpaid Drawings or of any other amounts owing hereunder or under any other
Credit Document; or 
 11.2 Representations, Etc. Any representation, warranty or statement made or deemed made by any Credit Party
herein or in any other Credit Document or any certificate delivered or required to be delivered pursuant hereto or thereto shall prove to be untrue in any material respect on the date as of which made or deemed made, and, to the extent capable of
being cured, such incorrect representation or warranty shall remain incorrect for a period of 30 days after written notice thereof from the Administrative Agent to the Borrower; or 

  
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 11.3 Covenants. Any Credit Party shall: 

(a) default in the due performance or observance by it of any term, covenant or agreement contained in Section 9.1(e)(i),
Section 9.5 (solely with respect to Holdings or the Borrower), Section 9.14(d) or Section 10; provided, that any Event of Default under Section 10.7 is subject to cure as provided in
Section 11.14 and an Event of Default with respect to such Section shall not occur until the expiration of the 10th Business Day subsequent to the date the relevant financial
statements are required to be delivered for the applicable fiscal quarter pursuant to Section 9.1(a) or (b); or 
 (b)
default in the due performance or observance by it of any term, covenant or agreement (other than those referred to in Section 11.1 or 11.2 or clause (a) of this Section 11.3) contained in this Agreement or
any Security Document and such default shall continue unremedied for a period of at least 30 days after receipt of written notice by the Borrower from the Administrative Agent or the Required Lenders; or 

11.4 Default Under Other Agreements. (a) Holdings, the Borrower or any of the Restricted Subsidiaries shall (i) default in
any payment with respect to any Indebtedness (other than the Obligations) in excess of $35,000,000 in the aggregate, for Holdings, the Borrower and such Restricted Subsidiaries, beyond the period of grace and following all required notices, if any,
provided in the instrument or agreement under which such Indebtedness was created or (ii) default in the observance or performance of any agreement or condition relating to any such Indebtedness or contained in any instrument or agreement
evidencing, securing or relating thereto, or any other event shall occur or condition exist (after giving effect to all applicable grace period and delivery of all required notices) (other than, with respect to Indebtedness consisting of any Hedge
Agreements, termination events or equivalent events pursuant to the terms of such Hedge Agreements (it being understood that clause (i) shall apply to any failure to make any payment in excess of $35,000,000 that is required as a result of
any such termination or similar event and that is not otherwise being contested in good faith)), the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on
behalf of such holder or holders) to cause, any such Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made,
prior to its stated maturity; provided that this clause (a) shall not apply to secured Indebtedness that becomes due as a result of the sale, transfer or other disposition (including as a result of a casualty or condemnation event) of
the property or assets securing such Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement), or (b) without limiting the provisions of clause (a) above, any such Indebtedness shall be
declared to be due and payable, or required to be prepaid other than by a regularly scheduled required prepayment or as a mandatory prepayment (and, with respect to Indebtedness consisting of any Hedge Agreements, other than due to a termination
event or equivalent event pursuant to the terms of such Hedge Agreements (it being understood that clause (a)(i) above shall apply to any failure to make any payment in excess of $35,000,000 that is required as a result of any such
termination or equivalent event and that is not otherwise being contested in good faith)), prior to the stated maturity thereof; provided that this clause (b) shall not apply to (x) secured Indebtedness that becomes due as a
result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness, (y) Indebtedness which is convertible into
Qualified Stock and converts to Qualified Stock in accordance with its terms and such conversion is not prohibited hereunder, or (z) any breach or default that is (I) remedied by Holdings, the Borrower or the applicable Restricted
Subsidiary or (II) waived (including in the form of amendment) by the required holders of the applicable item of Indebtedness, in either case, prior to the acceleration of Loans pursuant to this Section 11; or 

  
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 11.5 Bankruptcy, Etc. Except as otherwise permitted by Section 10.3, Holdings,
the Borrower or any Significant Subsidiary shall commence a voluntary case, proceeding or action concerning itself under Title 11 of the United States Code entitled “Bankruptcy” as now or hereafter in effect, or any successor thereto
(collectively, the “Bankruptcy Code”); or an involuntary case, proceeding or action is commenced against Holdings, the Borrower or any Significant Subsidiary and the petition is not controverted within 30 days after commencement of
the case, proceeding or action; or an involuntary case, proceeding or action is commenced against Holdings, the Borrower or any Significant Subsidiary and the petition is not dismissed within 60 days after commencement of the case, proceeding or
action; or a custodian (as defined in the Bankruptcy Code), judicial manager, compulsory manager, receiver, receiver manager, trustee, liquidator, administrator, administrative receiver or similar Person is appointed for, or takes charge of, all or
substantially all of the property of Holdings, the Borrower or any Significant Subsidiary; or Holdings, the Borrower or any Significant Subsidiary commences any other voluntary proceeding or action under any reorganization, arrangement, adjustment
of debt, relief of debtors, dissolution, insolvency, winding-up, administration or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to Holdings, the Borrower or any Significant Subsidiary; or there is
commenced against Holdings, the Borrower or any Significant Subsidiary any such proceeding or action that remains undismissed for a period of 60 days; or Holdings, the Borrower or any Significant Subsidiary is adjudicated bankrupt; or any order of
relief or other order approving any such case or proceeding or action is entered; or Holdings, the Borrower or any Significant Subsidiary suffers any appointment of any custodian receiver, receiver manager, trustee, administrator or the like for it
or any substantial part of its property to continue undischarged or unstayed for a period of 60 days; or Holdings, the Borrower or any Significant Subsidiary makes a general assignment for the benefit of creditors; or 

11.6 ERISA. (a) An ERISA Event or a Foreign Plan Event shall have occurred, (b) a trustee shall be appointed by a United
States district court to administer any Pension Plan(s), (c) the PBGC shall institute proceedings to terminate any Pension Plan(s), (d) any Credit Party or any of their respective ERISA Affiliates shall have been notified by the sponsor of
a Multiemployer Plan that it has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such entity does not have reasonable grounds for contesting such Withdrawal Liability or is not contesting such Withdrawal Liability in
a timely and appropriate manner; or (e) any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (a) through (e) above, such event or condition, together with all other such
events or conditions, if any, would reasonably be expected to result in a Material Adverse Effect; or 
 11.7 Guarantee. Any
Guarantee provided by any Credit Party or any material provision thereof shall cease to be in full force or effect (other than pursuant to the terms hereof and thereof) or any such Guarantor thereunder or any other Credit Party shall deny or
disaffirm in writing any such Guarantor’s obligations under the Guarantee; or 
 11.8 Pledge Agreement. The Pledge Agreement or
any other Security Document pursuant to which the Capital Stock or Stock Equivalents of the Borrower or any Subsidiary is pledged or any material provision thereof shall cease to be in full force or effect (other than pursuant to the terms hereof or
thereof, as a result of acts or omissions of the Collateral Agent or any Lender or as a result of the Collateral Agent’s failure to maintain possession of any Capital Stock or Stock Equivalents that have been previously delivered to it) or any
pledgor thereunder or any Credit Party shall deny or disaffirm in writing any pledgor’s obligations under any Security Document; or 

11.9 Security Agreement. The Security Agreement or any other Security Document pursuant to which the assets of Holdings, the Borrower
or any Material Subsidiary are pledged as Collateral or any material provision thereof shall cease to be in full force or effect (other than pursuant to the terms hereof 

  
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or thereof, as a result of acts or omissions of the Collateral Agent in respect of certificates, promissory notes or instruments actually delivered to it or as a result of the Collateral
Agent’s failure to file a Uniform Commercial Code continuation statement) or any grantor thereunder or any Credit Party shall deny or disaffirm in writing any grantor’s obligations under the Security Agreement or any other Security
Document; or 
 11.10 Judgments. One or more judgments or decrees shall be entered against Holdings, the Borrower or any of the
Restricted Subsidiaries involving a liability of $35,000,000 or more in the aggregate for all such judgments and decrees for Holdings and the Restricted Subsidiaries (to the extent not covered by insurance or indemnities as to which the applicable
insurance company or third party has not denied coverage) and any such judgments or decrees shall not have been satisfied, vacated, discharged or stayed or bonded pending appeal within 60 days after the entry thereof; or 

11.11 Change of Control. A Change of Control shall occur. 

11.12 Remedies Upon Event of Default. If an Event of Default occurs and is continuing (other than in the case of an Event of Default
under Section 11.3(a) with respect to any default of performance or compliance with the covenant under Section 10.7), the Administrative Agent shall, upon the written request of the Required Lenders, by written notice to the
Borrower, take any or all of the following actions, without prejudice to the rights of the Administrative Agent or any Lender to enforce its claims against Holdings and the Borrower, except as otherwise specifically provided for in this Agreement
(provided that, if an Event of Default specified in Section 11.5 shall occur with respect to the Borrower or Holdings, the result that would occur upon the giving of written notice by the Administrative Agent as specified in
clauses (i), (ii), (iii), and (iv) below shall occur automatically without the giving of any such notice): (i) declare the Total Revolving Credit Commitment terminated, whereupon the Revolving Credit Commitment, if
any, of each Lender, shall forthwith terminate immediately and any Fees theretofore accrued shall forthwith become due and payable without any other notice of any kind; (ii) declare the principal of and any accrued and unpaid interest and fees
in respect of all Loans and all Obligations to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower to the extent permitted by
applicable law; (iii) request that the applicable Letter of Credit Issuer terminate any Letter of Credit that may be terminated in accordance with its terms; and/or (iv) direct the Borrower to pay (and the Borrower agrees that upon receipt
of such notice, or upon the occurrence of an Event of Default specified in Section 11.5 with respect to the Borrower, it will pay) to the Administrative Agent at the Administrative Agent’s Office such additional amounts of cash, to
be held as security for the Borrower’s respective reimbursement obligations for Unpaid Drawings that may subsequently occur thereunder, equal to the Minimum Collateral Amount in respect of all Letters of Credit issued and then outstanding. In
the case of an Event of Default under Section 11.3(a) in respect of a failure to observe or perform the covenant under Section 10.7, provided that the actions hereinafter described will be permitted to occur only
following the expiration of the ability to effectuate the Cure Right if such Cure Right has not been so exercised, and at any time thereafter during the continuance of such event, the Administrative Agent shall, upon the written request of the
Required Revolving Credit Lenders, by written notice to the Borrower, take either or both of the following actions, at the same or different times (except the following actions may not be taken until the ability to exercise the Cure Right under
Section 11.14 has expired (but may be taken as soon as the ability to exercise the Cure Right has expired and it has not been so exercised)): (i) declare the Total Revolving Credit Commitment terminated, whereupon the Revolving
Credit Commitment, if any, of each Lender, shall forthwith terminate immediately and any Fees theretofore accrued shall forthwith become due and payable without any other notice of any kind; and (ii) declare the Revolving Loans then outstanding
to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter, during the continuance of such event, be declared to be due and payable),

  
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and thereupon the principal of the Revolving Loans so declared to be due and payable, together with accrued and unpaid interest thereon and all fees and other obligations of the Borrower accrued
hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower (to the extent permitted by applicable law). 

11.13 Application of Proceeds. Subject to the terms of the First Lien Intercreditor Agreement and the Junior Lien Intercreditor
Agreement, in each case, if executed, any amount received by the Administrative Agent or the Collateral Agent from any Credit Party (or from proceeds of any Collateral) following any acceleration of the Obligations under this Agreement or any Event
of Default with respect to the Borrower under Section 11.5 shall be applied: 
 (i) first, to the payment
of all reasonable and documented costs and expenses incurred by the Administrative Agent or the Collateral Agent in connection with any collection or sale of the Collateral or otherwise in connection with any Credit Document, including all court
costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document on behalf of any Credit Party and any
other reasonable and documented costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Credit Document to the extent reimbursable hereunder or thereunder; 

(ii) second, to the Secured Parties, an amount (x) equal to all Obligations owing to them on the date of any
distribution and (y) sufficient to Cash Collateralize all Letters of Credit Outstanding on the date of any distribution, and, if such moneys shall be insufficient to pay such amounts in full and Cash Collateralize all Letters of Credit
Outstanding, then ratably (without priority of any one over any other) to such Secured Parties in proportion to the unpaid amounts thereof and to Cash Collateralize the Letters of Credit Outstanding; and 

(iii) third, any surplus then remaining shall be paid to the applicable Credit Parties or their successors or assigns or
to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct; 
 provided that any amount applied to
Cash Collateralize any Letters of Credit Outstanding that has not been applied to reimburse the applicable Letter of Credit Issuer for Unpaid Drawings under the applicable Letters of Credit at the time of expiration of all such Letters of Credit
shall be applied by the Administrative Agent in the order specified in clauses (i) through (iii) above. Notwithstanding the foregoing, amounts received from any Guarantor that is not an “Eligible Contract Participant” (as
defined in the Commodity Exchange Act) shall not be applied to its Obligations that are Excluded Swap Obligations. 
 11.14 Equity
Cure. Notwithstanding anything to the contrary contained in this Section 11, in the event that the Borrower fails to comply with the requirement of the financial covenant set forth in Section 10.7, from the end of any
fiscal period until the expiration of the 10th Business Day following the date financial statements referred to in Sections 9.1(a) or (b) are required to be delivered in respect
of such fiscal period for which such financial covenant is being measured, any holder of Capital Stock or Stock Equivalents of the Borrower or any direct or indirect parent of the Borrower shall have the right to cure such failure (the “Cure
Right”) by causing cash net equity proceeds derived from an issuance of Capital Stock or Stock Equivalents (other than Disqualified Stock, unless reasonably satisfactory to the Administrative Agent) by the Borrower (or from a contribution
to the common equity capital of the Borrower) to be contributed, directly or indirectly, as cash common equity to the Borrower, and upon receipt by the Borrower of such cash contribution (such cash amount being referred to as the “Cure
Amount”) pursuant to the exercise of such Cure Right, such financial covenant shall be recalculated giving effect to the following pro forma adjustments: 

(a) Consolidated EBITDA shall be increased, solely for the purpose of determining the existence of an Event of Default
resulting from a breach of the financial covenant set forth in Section 10.7 with respect to any period of four consecutive fiscal quarters that includes the fiscal quarter for which the Cure Right was exercised and not for any other
purpose under this Agreement, by an amount equal to the Cure Amount; 

  
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 (b) Consolidated First Lien Secured Debt shall be decreased solely to the extent
proceeds of the Cure Amount are actually applied to prepay any of the Credit Facilities; and 
 (c) if, after giving effect
to the foregoing recalculations, the Borrower shall then be in compliance with the requirements of the financial covenant set forth in Section 10.7, the Borrower shall be deemed to have satisfied the requirements of the financial
covenant set forth in Section 10.7 as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of such financial covenants that
had occurred shall be deemed cured for the purposes of this Agreement; provided that (i) in each period of four consecutive fiscal quarters there shall be at least two fiscal quarters in which no Cure Right is made, (ii) there shall
be a maximum of five Cure Rights made during the term of this Agreement, (iii) each Cure Amount shall be no greater than the amount required to cause the Borrower to be in compliance with the financial covenant set forth in
Section 10.7; and (iv) all Cure Amounts shall be disregarded for the purposes of any financial ratio determination under the Credit Documents other than for determining compliance with Section 10.7. 

 

	Section 12.	The Agents 

 12.1 Appointment. 

(a) Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the
other Credit Documents and irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Credit Documents and to exercise such powers and perform such duties
as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Credit Documents, together with such other powers as are reasonably incidental thereto. The provisions of this Section 12 (other than
Section 12.1(c) with respect to the Joint Lead Arrangers and Bookrunners and Sections 12.1, 12.9, 12.11 and 12.12 with respect to the Borrower) are solely for the benefit of the Agents and the Lenders, none of
Holdings, the Borrower or any other Credit Party shall have rights as third party beneficiary of any such provision. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or
responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Credit
Document or otherwise exist against the Administrative Agent. In performing its functions and duties hereunder, each Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or
relationship of agency or trust with or for Holdings, the Borrower or any of their respective Subsidiaries. 
 (b) The Administrative Agent,
each Lender and each Letter of Credit Issuer hereby irrevocably designate and appoint the Collateral Agent as the agent with respect to the Collateral, and 

  
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each of the Administrative Agent, each Lender and each Letter of Credit Issuer irrevocably authorizes the Collateral Agent, in such capacity, to take such action on its behalf under the
provisions of this Agreement and the other Credit Documents and to exercise such powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this Agreement and the other Credit Documents, together with such
other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Collateral Agent shall not have any duties or responsibilities except those expressly set forth herein, or any
fiduciary relationship with any of the Administrative Agent, the Lenders or the Letter of Credit Issuers, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Credit
Document or otherwise exist against the Collateral Agent. 
 (c) Each of the Joint Lead Arrangers and the Bookrunners each in its capacity
as such, shall not have any obligations, duties or responsibilities under this Agreement but shall be entitled to all benefits of this Section 12. 

12.2 Delegation of Duties. The Administrative Agent and the Collateral Agent may each execute any of its duties under this Agreement
and the other Credit Documents by or through agents, sub-agents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Neither the Administrative Agent nor the Collateral Agent
shall be responsible for the negligence or misconduct of any agents, subagents or attorneys-in-fact selected by it in the absence of its gross negligence or willful misconduct (as determined in the final non-appealable judgment of a court of
competent jurisdiction). 
 12.3 Exculpatory Provisions. No Agent nor any of its officers, directors, employees, agents,
attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by any of them under or in connection with this Agreement or any other Credit Document (except for its or such Person’s own gross
negligence or willful misconduct, as determined in the final non-appealable judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein) or (b) responsible in any manner to any of the Lenders or any
participant for any recitals, statements, representations or warranties made by any Credit Party or any officer thereof contained in this Agreement or any other Credit Document or in any certificate, report, statement or other document referred to
or provided for in, or received by such Agent under or in connection with, this Agreement or any other Credit Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Credit
Document, or the creation, perfection or priority of any Lien or security interest created or purported to be created under the Security Documents, or for any failure of any Credit Party to perform its obligations hereunder or thereunder. No Agent
shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Credit Document, or to inspect the properties, books or
records of any Credit Party or any Affiliate thereof. The Collateral Agent shall not be under any obligation to the Administrative Agent or any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained
in, or conditions of, this Agreement or any other Credit Document, or to inspect the properties, books or records of any Credit Party. 

12.4 Reliance by Agents. The Administrative Agent and the Collateral Agent shall be entitled to rely, and shall be fully protected in
relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or instruction believed by it to be genuine and correct and to have been signed, sent or
made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to Holdings and the Borrower), independent accountants and other experts selected by the Administrative Agent or the Collateral Agent. The
Administrative Agent may deem and treat the Lender specified in the Register with 

  
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respect to any amount owing hereunder as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative
Agent. The Administrative Agent and the Collateral Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Credit Document unless it shall first receive such advice or concurrence of the Required
Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative
Agent and the Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Credit Documents in accordance with a request of the Required Lenders, and such request and any action
taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans; provided that the Administrative Agent and the Collateral Agent shall not be required to take any action that, in its opinion
or in the opinion of its counsel, may expose it to liability or that is contrary to any Credit Document or applicable law. 
 12.5 Notice
of Default. Neither the Administrative Agent nor the Collateral Agent shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent or the Collateral Agent has received
written notice from a Lender or Holdings or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event that the Administrative Agent receives
such a notice, it shall give notice thereof to the Lenders and the Collateral Agent. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders;
provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or
Event of Default as it shall deem advisable in the best interests of the Lenders except to the extent that this Agreement requires that such action be taken only with the approval of the Required Lenders or each of the Lenders, as applicable. 

12.6 Non-Reliance on Administrative Agent, Collateral Agent, and Other Lenders. Each Lender expressly acknowledges that neither the
Administrative Agent nor the Collateral Agent nor any of their respective officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent or the
Collateral Agent hereinafter taken, including any review of the affairs of any Credit Party, shall be deemed to constitute any representation or warranty by the Administrative Agent or the Collateral Agent to any Lender or any Letter of Credit
Issuer. Each Lender and each Letter of Credit Issuer represents to the Administrative Agent and the Collateral Agent that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any other Lender, and based
on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrower and each other Credit Party and
made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any other Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Credit Documents, and to make such investigation
as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of any of the Credit Parties. Except for notices, reports, and other documents expressly required to be furnished to
the Lenders by the Administrative Agent hereunder, neither the Administrative Agent nor the Collateral Agent shall have any duty or responsibility to provide any Lender with any credit or other information concerning the business, assets,
operations, properties, financial condition, prospects or creditworthiness of any Credit Party that may come into the possession of the Administrative Agent or the Collateral Agent any of their respective officers, directors, employees, agents,
attorneys-in-fact or Affiliates. 

  
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 12.7 Indemnification. The Lenders agree to severally indemnify each Agent in its capacity
as such (to the extent not reimbursed by the Credit Parties and without limiting the obligation of the Credit Parties to do so), ratably according to their respective portions of the Total Credit Exposure in effect on the date on which
indemnification is sought (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with their respective portions of the Total Credit Exposure
in effect immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements of any kind whatsoever that may at any time (including at any
time following the payment of the Loans) be imposed on, incurred by or asserted against an Agent in any way relating to or arising out of the Commitments, this Agreement, any of the other Credit Documents or any documents contemplated by or referred
to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent or the Collateral Agent under or in connection with any of the foregoing; provided that no Lender shall be
liable to an Agent for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct as
determined by a final non-appealable judgment of a court of competent jurisdiction; provided, further, that no action taken by the Administrative Agent in accordance with the directions of the Required Lenders (or such other number or percentage of
the Lenders as shall be required by the Credit Documents) shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 12.7. In the case of any investigation, litigation or proceeding giving rise to
any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time occur (including at any time following the payment of the Loans), this
Section 12.7 applies whether any such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse each Agent upon demand for its ratable share of
any costs or out-of-pocket expenses (including attorneys’ fees) incurred by such Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice rendered in respect of rights or responsibilities under, this Agreement, any other Credit Document, or any document contemplated by or referred to herein, to the extent that such Agent is not reimbursed
for such expenses by or on behalf of Holdings or the Borrower; provided that such reimbursement by the Lenders shall not affect Holdings’ or the Borrower’s continuing reimbursement obligations with respect thereto. If any indemnity
furnished to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional
indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in excess of such
Lender’s pro rata portion thereof; and provided, further, this sentence shall not be deemed to require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost,
expense or disbursement resulting from such Agent’s gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction. The agreements in this Section 12.7 shall survive the
payment of the Loans and all other amounts payable hereunder. The indemnity provided to each Agent under this Section 12.7 shall also apply to such Agent’s respective Affiliates, directors, officers, members, controlling persons,
employees, trustees, investment advisors and agents and successors. 
 12.8 Agents in Their Individual Capacities. The agency hereby
created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. Each Agent and its Affiliates may make loans to, accept

  
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deposits from and generally engage in any kind of business with any Credit Party as though such Agent were not an Agent hereunder and under the other Credit Documents. With respect to the Loans
made by it, each Agent shall have the same rights and powers under this Agreement and the other Credit Documents as any Lender and may exercise the same as though it were not an Agent, and the terms Lender and Lenders shall include each Agent in its
individual capacity. 
 12.9 Successor Agents. (a) Each of the Administrative Agent and the Collateral Agent may at any time
give notice of its resignation to the Lenders, the Letter of Credit Issuers and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject to the consent of the Borrower (not to be unreasonably
withheld or delayed) so long as no Event of Default under Sections 11.1 or 11.5 is continuing, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the
United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation (the “Resignation Effective
Date”), then the retiring Agent may on behalf of the Lenders, appoint a successor Agent meeting the qualifications set forth above (including receipt of the Borrower’s consent); provided that if the Administrative Agent or the
Collateral Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice. 

(b) If the Person serving as the Administrative Agent is a Defaulting Lender pursuant to clause (v) of the definition of Lender
Default, the Required Lenders may to the extent permitted by applicable law, subject to the consent of the Borrower (not to be unreasonably withheld or delayed), by notice in writing to the Borrower and such Person remove such Person as the
Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be
agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable), (1) the retiring or removed agent
shall be discharged from its duties and obligations hereunder and under the other Credit Documents (except that in the case of any collateral security held by the Collateral Agent on behalf of the Lenders or the Letter of Credit Issuers under any of
the Credit Documents, the retiring or removed Collateral Agent shall continue to hold such collateral security as nominee until such time as a successor Collateral Agent is appointed) and (2) all payments, communications and determinations
provided to be made by, to or through the retiring or removed Administrative Agent shall instead be made by or to each Lender and each Letter of Credit Issuer directly, until such time as the Required Lenders appoint a successor Agent as provided
for above in this paragraph. Upon the acceptance of a successor’s appointment as the Administrative Agent or the Collateral Agent, as the case may be, hereunder, and upon the execution and filing or recording of such financing statements, or
amendments thereto, and such amendments or supplements to the Mortgages, and such other instruments or notices, as may be necessary or desirable, or as the Required Lenders may request, in order to continue the perfection of the Liens granted or
purported to be granted by the Security Documents, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) or removed Agent, and the retiring or removed Agent shall be
discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided above in this Section 12.9). Except as provided above, any resignation or removal of Credit
Suisse AG as the Administrative Agent pursuant to this Section 12.9 shall also constitute the resignation or removal of Credit Suisse AG as the Collateral Agent. The fees payable by Holdings or the Borrower (following the effectiveness
of such appointment) to such Agent 

  
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shall be the same as those payable to its predecessor unless otherwise agreed between Holdings or Borrower and such successor. After the retiring or removed Agent’s resignation or removal
hereunder and under the other Credit Documents, the provisions of this Section 12 (including Section 12.7) and Section 13.5 shall continue in effect for the benefit of such retiring or removed Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Agent was acting as an Agent. 

(d) Any resignation by or removal of Credit Suisse AG as the Administrative Agent pursuant to this Section 12.9 shall also
constitute its Affiliate’s resignation or removal as a Letter of Credit Issuer. Upon the acceptance of a successor’s appointment as the Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of
the rights, powers, privileges and duties of a retiring Letter of Credit Issuer, (b) the retiring Letter of Credit Issuer shall be discharged from all of their respective duties and obligations hereunder or under the other Credit Documents, and
(c) the successor Letter of Credit Issuer shall issue letters of credit in substitution for the Letters of Credit of such retiring Letter of Credit Issuer, if any, outstanding at the time of such succession or make other arrangements
satisfactory to the retiring Letter of Credit Issuer to effectively assume the obligations of the retiring Letter of Credit Issuer with respect to such Letters of Credit. 

12.10 Withholding Tax. To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any
Lender under any Credit Document an amount equivalent to any applicable withholding Tax. If the IRS or any authority of the United States or other jurisdiction asserts a claim that the Administrative Agent did not properly withhold Tax from amounts
paid to or for the account of any Lender for any reason (including, because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstances that
rendered the exemption from, or reduction of, withholding Tax ineffective) or if the Administrative Agent reasonably determines that a payment was made to a Lender pursuant to this Agreement without deduction of applicable withholding Tax from such
payment, such Lender shall indemnify the Administrative Agent (to the extent that the Administrative Agent has not already been reimbursed by any applicable Credit Party and without limiting the obligation of any applicable Credit Party to do so)
fully for all amounts payable or paid, directly or indirectly, by the Administrative Agent as Tax or otherwise, including penalties, additions to Tax and interest, together with all expenses incurred, including legal expenses, allocated staff costs
and any out of pocket expenses, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative
Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Credit Document against any amount
due to the Administrative Agent under this Section 12.10. The agreements in Section 12.10 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a
Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. For the avoidance of doubt, for purposes of this Section 12.10, the term Lender includes the Letter of Credit Issuer. 

12.11 Agents Under Security Documents and Guarantee. Each Secured Party hereby further authorizes the Administrative Agent or the
Collateral Agent, as applicable, on behalf of and for the benefit of the Secured Parties, to be the agent for and representative of the Secured Parties with respect to the Collateral and the Security Documents. Subject to Section 13.1,
without further written consent or authorization from any Secured Party, the Administrative Agent or the Collateral Agent, as applicable, may execute any documents or instruments necessary to (a) release any Lien on any property granted to or
held by the Administrative Agent or the Collateral Agent (or any sub-agent thereof) under any Credit Document (i) upon the Final Maturity Date and the payment in full (or Cash Collateralization) of all

  
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Obligations (except for contingent indemnification obligations in respect of which a claim has not yet been made, Secured Hedge Obligations, and Secured Cash Management Obligations),
(ii) that is sold or to be sold or transferred as part of or in connection with any sale or other transfer permitted hereunder or under any other Credit Document to a Person that is not a Credit Party or in connection with the designation of
any Restricted Subsidiary as an Unrestricted Subsidiary, (iii) if the property subject to such Lien is owned by a Credit Party, upon the release of such Credit Party from its Guarantee otherwise in accordance with the Credit Documents,
(iv) as to the extent provided in the Security Documents, (v) that constitutes Excluded Property or Excluded Stock and Stock Equivalent or (vi) if approved, authorized or ratified in writing in accordance with
Section 13.1; (b) release any Guarantor from its obligations under the Guarantee if such Person ceases to be a Restricted Subsidiary (or becomes an Excluded Subsidiary) as a result of a transaction or designation permitted
hereunder; (c) subordinate any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Credit Document to the holder of any Lien permitted under clauses (v), (vi) (solely with
respect to Section 10.1(d)), (vii), and (ix) of the definition of Permitted Lien; or (d) enter into subordination or intercreditor agreements with respect to Indebtedness to the extent the Administrative Agent or
the Collateral Agent is otherwise contemplated herein as being a party to such intercreditor or subordination agreement, including the First Lien Intercreditor Agreement and the Junior Lien Intercreditor Agreement. 

The Collateral Agent shall have its own independent right to demand payment of the amounts payable by the Borrower under this
Section 12.11, irrespective of any discharge of the Borrower’s obligations to pay those amounts to the other Lenders resulting from failure by them to take appropriate steps in insolvency proceedings affecting the Borrower to
preserve their entitlement to be paid those amounts. 
 Any amount due and payable by the Borrower to the Collateral Agent under this
Section 12.11 shall be decreased to the extent that the other Lenders have received (and are able to retain) payment in full of the corresponding amount under the other provisions of the Credit Documents and any amount due and payable by
the Borrower to the Collateral Agent under those provisions shall be decreased to the extent that the Collateral Agent has received (and is able to retain) payment in full of the corresponding amount under this Section 12.11. 

12.12 Right to Realize on Collateral and Enforce Guarantee. Anything contained in any of the Credit Documents to the contrary
notwithstanding, Holdings, the Borrower, the Agents, and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guarantee, it being understood and
agreed that all powers, rights, and remedies hereunder may be exercised solely by the Administrative Agent, on behalf of the Secured Parties in accordance with the terms hereof and all powers, rights, and remedies under the Security Documents may be
exercised solely by the Collateral Agent, and (ii) in the event of a foreclosure by the Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Collateral Agent or any Lender may be the purchaser
or licensor of any or all of such Collateral at any such sale or other disposition and the Collateral Agent, as agent for and representative of the Secured Parties (but not any Lender or Lenders in its or their respective individual capacities
unless Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply
any of the Obligations as a credit on account of the purchase price for any collateral payable by the Collateral Agent at such sale or other disposition. No holder of Secured Hedge Obligations or Secured Cash Management Obligations shall have any
rights in connection with the management or release of any Collateral or of the obligations of any Credit Party under this Agreement. No holder of Secured Hedge Obligations or Secured Cash Management Obligations that obtains the benefits of any
Guarantee or any Collateral by virtue of the provisions hereof or of any other Credit Document shall have 

  
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any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Credit Document or otherwise in respect of the Collateral (including the release or
impairment of any Collateral) other than in its capacity as a Lender or Agent and, in such case, only to the extent expressly provided in the Credit Documents. Notwithstanding any other provision of this Agreement to the contrary, the Administrative
Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Hedge Agreements and Secured Cash Management Agreements, unless the Administrative Agent
has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. 

12.13 Intercreditor Agreement Governs. The Administrative Agent, the Collateral Agent, and each Lender (a) hereby agrees that it
will be bound by and will take no actions contrary to the provisions of any intercreditor agreement entered into pursuant to the terms hereof, (b) hereby authorizes and instructs the Administrative Agent and the Collateral Agent to enter into
each intercreditor agreement entered into pursuant to the terms hereof and to subject the Liens securing the Secured Obligations to the provisions thereof, and (c) hereby authorizes and instructs the Administrative Agent and the Collateral
Agent to enter into any intercreditor agreement that includes, or to amend any then existing intercreditor agreement to provide for, the terms described in the definition of Permitted Other Indebtedness. 

 

	Section 13.	Miscellaneous 

 13.1 Amendments, Waivers, and Releases. Neither this Agreement nor
any other Credit Document, nor any terms hereof or thereof, may be amended, supplemented or modified except in accordance with the provisions of this Section 13.1. Except as provided to the contrary under Section 2.14 or
2.15 or the fourth and fifth paragraphs hereof in respect of Replacement Term Loans, and other than with respect to any amendment, modification or waiver contemplated in the proviso to clause (i) below, which shall only require
the consent of the Lenders expressly set forth therein and not the Required Lenders, the Required Lenders may, or, with the written consent of the Required Lenders, the Administrative Agent and/or the Collateral Agent may, from time to time,
(a) enter into with the relevant Credit Party or Credit Parties written amendments, supplements or modifications hereto and to the other Credit Documents for the purpose of adding any provisions to this Agreement or the other Credit Documents
or changing in any manner the rights of the Lenders or of the Credit Parties hereunder or thereunder or (b) waive in writing, on such terms and conditions as the Required Lenders or the Administrative Agent and/or the Collateral Agent, as the
case may be, may specify in such instrument, any of the requirements of this Agreement or the other Credit Documents or any Default or Event of Default and its consequences; provided, however, that each such waiver and each such
amendment, supplement or modification shall be effective only in the specific instance and for the specific purpose for which given; and provided, further, that no such waiver and no such amendment, supplement or modification shall
(x) (i) forgive or reduce any portion of any Loan or extend the final scheduled maturity date of any Loan or reduce the stated rate (it being understood that only the consent of the Required Lenders shall be necessary to waive any
obligation of the Borrower to pay interest at the “default rate” or amend Section 2.8(c)), or forgive any portion thereof, or extend the date for the payment, of any interest or fee payable hereunder (other than as a result of
waiving the applicability of any post-default increase in interest rates), or extend the final expiration date of any Letter of Credit beyond the L/C Facility Maturity Date, or amend or modify any provisions of Sections 5.3(a) (with respect
to the ratable allocation of any payments only) 13.8(a) or 13.20, or make any Loan, interest, Fee or other amount payable in any currency other than expressly provided herein, in each case without the written consent of each Lender
directly and adversely affected thereby; provided that a waiver of any condition precedent in Section 6 or 7 of this Agreement, the waiver of any Default, Event of Default, default interest, mandatory prepayment or
reductions, any modification, waiver or amendment to the financial covenant definitions or financial 

  
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ratios or any component thereof or the waiver of any other covenant shall not constitute an increase of any Commitment of a Lender, a reduction or forgiveness in the interest rates or the fees or
premiums or a postponement of any date scheduled for the payment of principal, premium or interest or an extension of the final maturity of any Loan or the scheduled termination date of any Commitment, in each case for purposes of this clause (i),
or (ii) consent to the assignment or transfer by the Borrower of its rights and obligations under any Credit Document to which it is a party (except as permitted pursuant to Section 10.3), in each case without the written consent of
each Lender directly and adversely affected thereby, or (iii) amend, modify or waive any provision of Section 12 without the written consent of the then-current Administrative Agent and Collateral Agent in a manner that directly and
adversely affects such Person, or (iv) amend, modify or waive any provision of Section 3 with respect to any Letter of Credit without the written consent of each Letter of Credit Issuer to the extent such amendment, modification or
waiver directly and adversely affects such Letter of Credit Issuer, or (v) change any Revolving Credit Commitment to a Term Loan Commitment, or change any Term Loan Commitment to a Revolving Credit Commitment, in each case without the prior
written consent of each Lender directly and adversely affected thereby, or (vi) release all or substantially all of the Guarantors under the Guarantees (except as expressly permitted by the Guarantees, the First Lien Intercreditor Agreement or
this Agreement) or release all or substantially all of the Collateral under the Security Documents (except as expressly permitted by the Security Documents, the First Lien Intercreditor Agreement or this Agreement) without the prior written consent
of each Lender, or (vii) decrease the Initial Term Loan Repayment Amount applicable to Initial Term Loans or extend any scheduled Initial Term Loan Repayment Date applicable to Initial Term Loans, in each case without the written consent of
each Lender directly and adversely affected thereby, or (viii) reduce the percentages specified in the definitions of the terms Required Lenders, Required Revolving Credit Lenders or Required Initial Term Loan Lenders or amend, modify or waive
any provision of this Section 13.1 that has the effect of decreasing the number of Lenders that must approve any amendment, modification or waiver, without the written consent of each Lender, (y) notwithstanding anything to the
contrary in clause (x), (i) extend the final expiration date of any Lender’s Commitment or (ii) increase the aggregate amount of the Commitments of any Lender, in each case, without the written consent of such Lender, or (z) in
connection with an amendment that addresses solely a repricing transaction in which any Class of Term Loans is refinanced with a replacement Class of Term Loans bearing (or is modified in such a manner such that the resulting Term Loans bear) a
lower Effective Yield (a “Permitted Repricing Amendment”), only the consent of the Lenders holding Term Loans subject to such permitted repricing transaction that will continue as a Lender in respect of the repriced tranche of Term
Loans or modified Term Loans. 
 Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver or consent hereunder, except (x) that the Commitment of such Lender may not be increased or extended without the consent of such Lender and (y) for any such amendment, waiver or consent that treats such
Defaulting Lender disproportionately from the other Lender of the same Class (other than because of its status as a Defaulting Lender). 

Any such waiver and any such amendment, supplement or modification shall apply equally to each of the affected Lenders and shall be binding
upon Holdings, the Borrower, such Lenders, the Administrative Agent and all future holders of the affected Loans. In the case of any waiver, Holdings, the Borrower, the Lenders and the Administrative Agent shall be restored to their former positions
and rights hereunder and under the other Credit Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing, it being understood that no such waiver shall extend to any subsequent or other Default or Event of
Default or impair any right consequent thereon. In connection with the foregoing provisions, the Administrative Agent may, but shall have no obligations to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents
on behalf of such Lender. 

  
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 Notwithstanding the foregoing, in addition to any credit extensions and related Joinder
Agreement(s) effectuated without the consent of Lenders in accordance with Section 2.14, this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent, Holdings and the
Borrower (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued and unpaid interest and fees in respect thereof to share ratably in
the benefits of this Agreement and the other Credit Documents with the Term Loans and the Revolving Credit Loans and the accrued and unpaid interest and fees in respect thereof and (b) to include appropriately the Lenders holding such credit
facilities in any determination of the Required Lenders and other definitions related to such new Term Loans and Revolving Credit Loans. 

In addition, notwithstanding the foregoing, this Agreement may be amended with the written consent of the Administrative Agent, Holdings, the
Borrower and the Lenders providing the relevant Replacement Term Loans to permit the refinancing of all outstanding Term Loans of any Class (“Refinanced Term Loans”) with a replacement term loan tranche (“Replacement Term
Loans”) hereunder; provided that (a) the aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal amount of such Refinanced Term Loans (plus an amount equal to all accrued but
unpaid interest, fees, premiums, and expenses incurred in connection therewith), (b) the Applicable Margin for such Replacement Term Loans shall not be higher than the Applicable Margin for such Refinanced Term Loans, unless any such Applicable
Margin applies after the Initial Term Loan Maturity Date, (c) the weighted average life to maturity of such Replacement Term Loans shall not be shorter than the weighted average life to maturity of such Refinanced Term Loans at the time of such
refinancing (except to the extent of nominal amortization for periods where amortization has been eliminated as a result of prepayment of the applicable Term Loans), and (d) the covenants, events of default and guarantees shall be not
materially more restrictive (taken as a whole) (as determined in good faith by the Borrower) to the Lenders providing such Replacement Term Loans than the covenants, events of default and guarantees applicable to such Refinanced Term Loans, except
to the extent necessary to provide for covenants, events of default and guarantees applicable to any period after the maturity date in respect of the Refinanced Term Loans in effect immediately prior to such refinancing. 

The Lenders hereby irrevocably agree that the Liens granted to the Collateral Agent by the Credit Parties on any Collateral shall be
automatically released (i) in full, upon the termination of this Agreement and the payment of all Obligations hereunder (except for (w) contingent indemnification obligations in respect of which a claim has not yet been made,
(x) Secured Hedge Obligations, (y) cash collateralized Letters of Credit pursuant to arrangements reasonably acceptable to the applicable Letter of Credit Issuer, and (z) Secured Cash Management Obligations), (ii) upon the sale
or other disposition of such Collateral (including as part of or in connection with any other sale or other disposition permitted hereunder) to any Person other than another Credit Party, to the extent such sale or other disposition is made in
compliance with the terms of this Agreement (and the Collateral Agent may rely conclusively on a certificate to that effect provided to it by any Credit Party upon its reasonable request without further inquiry), (iii) to the extent such
Collateral is comprised of property leased to a Credit Party, upon termination or expiration of such lease, (iv) if the release of such Lien is approved, authorized or ratified in writing by the Required Lenders (or such other percentage of the
Lenders whose consent may be required in accordance with this Section 13.1), (v) to the extent the property constituting such Collateral is owned by any Guarantor, upon the release of such Guarantor from its obligations under the
applicable Guarantee (in accordance with the second following sentence), (vi) as required to effect any sale or other disposition of Collateral in connection with any exercise of remedies of the Collateral Agent pursuant to the Security
Documents, and (vii) if such assets constitute Excluded Property or Excluded Stock or Stock Equivalents. Any such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those being released) upon
(or obligations (other than those being released) of the Credit 

  
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Parties in respect of) all interests retained by the Credit Parties, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral except to the extent
otherwise released in accordance with the provisions of the Credit Documents. Additionally, the Lenders hereby irrevocably agree that any Restricted Subsidiary that is a Guarantor shall be released from the Guarantees upon consummation of any
transaction not prohibited hereunder resulting in such Subsidiary ceasing to constitute a Restricted Subsidiary. The Lenders hereby authorize the Administrative Agent and the Collateral Agent, as applicable, to execute and deliver any instruments,
documents, and agreements necessary or desirable to evidence and confirm the release of any Guarantor or Collateral pursuant to the foregoing provisions of this paragraph, all without the further consent or joinder of any Lender. 

Notwithstanding anything herein to the contrary, the Credit Documents may be amended to add syndication or documentation agents and make
customary changes and references related thereto with the consent of only the Borrower and the Administrative Agent. 
 Notwithstanding
anything in this Agreement (including, without limitation, this Section 13.1) or any other Credit Document to the contrary, (i) this Agreement and the other Credit Documents may be amended to effect an incremental facility or
extension facility pursuant to Section 2.14 (and the Administrative Agent and the Borrower may effect such amendments to this Agreement and the other Credit Documents without the consent of any other party as may be necessary or
appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the terms of any such incremental facility or extension facility); (ii) no Lender consent is required to effect any amendment or supplement to the
Intercreditor Agreement or other intercreditor agreement or arrangement permitted under this Agreement that is for the purpose of adding the holders of any Indebtedness as expressly contemplated by the terms of the Intercreditor Agreement or such
other intercreditor agreement or arrangement permitted under this Agreement, as applicable (it being understood that any such amendment or supplement may make such other changes to the applicable intercreditor agreement as, in the good faith
determination of the Administrative Agent, are required to effectuate the foregoing; provided that such other changes are not adverse, in any material respect, to the interests of the Lenders taken as a whole); provided,
further, that no such agreement shall amend, modify or otherwise directly and adversely affect the rights or duties of the Administrative Agent hereunder or under any other Credit Document without the prior written consent of the
Administrative Agent; (iii) any provision of this Agreement or any other Credit Document may be amended by an agreement in writing entered into by the Borrower and the Administrative Agent to (x) cure any ambiguity, omission, mistake,
defect or inconsistency (as reasonably determined by the Administrative Agent and the Borrower) and (y) effect administrative changes of a technical or immaterial nature and such amendment shall be deemed approved by the Lenders if the Lenders
shall have received at least five Business Days’ prior written notice of such change and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required
Lenders stating that the Required Lenders object to such amendment; and (iv) guarantees, collateral documents and related documents executed by Credit Parties in connection with this Agreement may be in a form reasonably determined by the
Administrative Agent and may be, together with any other Credit Document, entered into, amended, supplemented or waived, without the consent of any other Person, by the applicable Credit Party or Credit Parties and the Administrative Agent or the
Collateral Agent in its or their respective sole discretion, to (A) effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of
the Secured Parties, (B) as required by local law or advice of counsel to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the security interests therein comply with applicable
requirements of law, or (C) to cure ambiguities, omissions, mistakes or defects (as reasonably determined by the Administrative Agent and the Borrower) or to cause such guarantee, collateral security document or other document to be consistent
with this Agreement and the other Credit Documents. 

  
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 Notwithstanding anything in this Agreement or any Security Document to the contrary, the
Administrative Agent may, in its sole discretion, grant extensions of time for the satisfaction of any of the requirements under Sections 9.12, 9.13 and 9.14 or any Security Documents in respect of any particular Collateral or
any particular Subsidiary if it determines that the satisfaction thereof with respect to such Collateral or such Subsidiary cannot be accomplished without undue expense or unreasonable effort or due to factors beyond the control of Holdings, the
Borrower and the Restricted Subsidiaries by the time or times at which it would otherwise be required to be satisfied under this Agreement or any Security Document. 

13.2 Notices. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or under any
other Credit Document shall be in writing (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number or electronic mail address, and all notices and other
communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(a) if to Holdings, the Borrower, the Administrative Agent, the Collateral Agent or the Letter of Credit Issuer, to the
address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 13.2 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in
a notice to the other parties; and 
 (b) if to any other Lender, to the address, facsimile number, electronic mail address
or telephone number specified in its Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to Holdings, the Borrower, the Administrative
Agent, the Collateral Agent or any Letter of Credit Issuer. 
 All such notices and other communications shall be deemed to be given or made upon the
earlier to occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, three Business Days
after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail, when delivered; provided that notices and other
communications to the Administrative Agent or the Lenders pursuant to Sections 2.3, 2.6, 2.9, 4.2 and 5.1 shall not be effective until received. 

13.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent, the
Collateral Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Credit Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers, and
privileges provided by law. 
 13.4 Survival of Representations and Warranties. All representations and warranties made hereunder, in
the other Credit Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans hereunder. 

  
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 13.5 Payment of Expenses; Indemnification. 

(a) Each of Holdings and the Borrower, jointly and severally, agree (i) to pay or reimburse each of the Agents for all their reasonable
and documented out-of-pocket costs and expenses (without duplication) incurred in connection with the development, preparation, execution and delivery of, and any amendment, supplement, modification to, waiver and/or enforcement this Agreement and
the other Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees, disbursements and other
charges of Cravath, Swaine & Moore LLP (or such other counsel as may be agreed by the Administrative Agent and the Borrower), one counsel in each relevant local jurisdiction with the consent of the Borrower (such consent not to be
unreasonably withheld or delayed), (ii) to pay or reimburse each Agent for all their reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the
other Credit Documents and any such other documents, including the reasonable fees, disbursements and other charges of one firm or counsel to the Administrative Agent and the Collateral Agent, and, to the extent required, one firm or local counsel
in each relevant local jurisdiction with the Borrower’s consent (such consent not to be unreasonably withheld or delayed (which may include a single special counsel acting in multiple jurisdictions), and (iii) to pay, indemnify and hold
harmless each Lender, each Agent, each Letter of Credit Issuer and their respective Related Parties (without duplication) (the “Indemnified Persons”) from and against any and all losses, claims, damages, liabilities, obligations,
demands, actions, judgments, suits, costs, expenses, disbursements or penalties of any kind or nature whatsoever (and the reasonable and documented out-of-pocket fees, expenses, disbursements and other charges of one firm of counsel for all
Indemnified Parties, taken as a whole (and, in the case of an actual or perceived conflict of interest where the Indemnified Person affected by such conflict notifies the Borrower of any existence of such conflict and in connection with the
investigating or defending any of the foregoing (including the reasonable fees) has retained its own counsel, of another firm of counsel for such affected Indemnified Person), and to the extent required, one firm or local counsel in each relevant
jurisdiction (which may include a single special counsel acting in multiple jurisdictions)) of any such Indemnified Person arising out of or relating to any action, claim, litigation, investigation or other proceeding (regardless of whether such
Indemnified Person is a party thereto and whether any such proceeding is brought by the Borrower or any other person), arising out of, or with respect to the Transactions or to the execution, delivery, performance and administration of this
Agreement, the other Credit Documents, any Letter of Credit, and any such other documents, including any of the foregoing relating to the violation of, noncompliance with or liability under, any Environmental Law or any actual or alleged presence,
Release or threatened Release of Hazardous Materials attributable to the Borrower or any of its Subsidiaries (all the foregoing in this clause (iii), collectively, the “Indemnified Liabilities”); provided that Holdings and
the Borrower shall have no obligation hereunder to any Indemnified Person with respect to indemnified liabilities to the extent arising from (i) the gross negligence, bad faith or willful misconduct of such Indemnified Person or any of its
Related Parties as determined in a final and non-appealable judgment of a court of competent jurisdiction, (ii) a material breach of the obligations of such Indemnified Person or any of its Related Parties under the terms of this Agreement by
such Indemnified Person or any of its Related Parties as determined in a final and non-appealable judgment of a court of competent jurisdiction, or (iii) any proceeding between and among Indemnified Persons that does not involve an act or
omission by Holdings, the Borrower or its Restricted Subsidiaries; provided that the Administrative Agent, each Letter of Credit Issuer, and the Collateral Agent, to the extent acting in their capacity as such, shall remain indemnified in
respect of such proceeding, to the extent that neither of the exceptions set forth in clause (i) or (ii) of the immediately preceding proviso applies to such Person at such time. The agreements in this Section 13.5 shall survive
repayment of the Loans and all other amounts payable hereunder. 
 (b) No Credit Party nor any Indemnified Person shall have any liability
for any special, punitive, indirect or consequential damages resulting from this Agreement or any other Credit Document 

  
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or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date); provided that the foregoing shall not limit Holdings’ and the
Borrower’s indemnification obligations to the Indemnified Persons pursuant to Section 13.5(a) in respect of damages incurred or paid by an Indemnified Person to a third party. No Indemnified Person shall be liable for any damages arising
from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Credit Documents or the
transactions contemplated hereby or thereby, except to the extent that such damages have resulted from the willful misconduct, bad faith or gross negligence of any Indemnified Person or any of its Related Parties as determined by a final and
non-appealable judgment of a court of competent jurisdiction. 
 13.6 Successors and Assigns; Participations and Assignments. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that (i) except as expressly permitted by Section 10.3, the Borrower may not assign or otherwise transfer any of their rights or obligations hereunder without the prior written consent of the
Administrative Agent and each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in
accordance with this Section 13.6. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants (to
the extent provided in clause (c) of this Section 13.6) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Collateral Agent, each Letter of Credit Issuer and the
Lenders and each other Person entitled to indemnification under Section 13.5) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) (i) Subject to the conditions set forth in clause (b)(ii) below and Section 13.7, any Lender may at any time
assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans (including participations in L/C Obligations) at the time owing to it) with the prior
written consent (such consent not to be unreasonably withheld or delayed; it being understood that, without limitation, the Borrower shall have the right to withhold its consent to any assignment if, in order for such assignment to comply with
applicable law, the Borrower would be required to obtain the consent of, or make any filing or registration with, any Governmental Authority) of: 

(A) the Borrower; provided that no consent of the Borrower shall be required for (1) an assignment of Term Loans to
(X) a Lender, (Y) an Affiliate of a Lender, or (Z) an Approved Fund or (2) an assignment of Loans or Commitments to any assignee if an Event of Default under Section 11.1 or Section 11.5 (with respect to
Holdings or the Borrower) has occurred and is continuing; and 
 (B) the Administrative Agent (not to be unreasonably
withheld or delayed) and, in the case of Revolving Credit Commitments or Revolving Credit Loans only, the Letter of Credit Issuers; provided that no consent of the Administrative Agent shall be required for an assignment of any Term Loan to a
Lender, an Affiliate of a Lender or an Approved Fund. 
 Notwithstanding the foregoing, (i) no such assignment shall be made to a
natural Person, Disqualified Lender or Defaulting Lender and (ii) with respect to the Revolving Credit Commitments, Holdings, the Borrower or any of their Subsidiaries or any Affiliated Lender (other than an Affiliated Institutional Lender).
For the avoidance of doubt, the Administrative Agent shall bear no responsibility or liability for monitoring and enforcing the list of Persons who are Disqualified Lenders at any time. 

  
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 (ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the
entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with
respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 in the case of Revolving Credit Commitments and $1,000,000 in the case of Term Loans, unless each of the Borrower and the Administrative Agent
otherwise consents (which consents shall not be unreasonably withheld or delayed); provided that no such consent of the Borrower shall be required if an Event of Default under Section 11.1 or Section 11.5 has occurred
and is continuing; provided, further, that contemporaneous assignments by a Lender and its Affiliates or Approved Funds shall be aggregated for purposes of meeting the minimum assignment amount requirements stated above (and
simultaneous assignments to or by two or more Related Funds shall be treated as one assignment), if any; 
 (B) each partial
assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided that this clause shall not be construed to prohibit the assignment of a proportionate
part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans; 
 (C) the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance via an electronic settlement system or other method reasonably acceptable to the Administrative Agent, together with a processing and
recordation fee in the amount of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment; provided, further, that such
recordation fee shall not be payable in the case of assignments by any Affiliate of the Joint Bookrunners; 
 (D) the
assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire in a form approved by the Administrative Agent (the “Administrative Questionnaire”) and applicable tax forms (as
required under Section 5.4(e)); and 
 (E) any assignment to Holdings, the Borrower, any Subsidiary or an
Affiliated Lender (other than an Affiliated Institutional Lender) shall also be subject to the requirements of Section 13.6(h). 

For the avoidance of doubt, the Administrative Agent bears no responsibility for tracking or monitoring assignments to or participations by
any Affiliated Lender. 
 (iii) Subject to acceptance and recording thereof pursuant to clause (b)(v) of this
Section 13.6, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights
and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all 

  
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of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.10,
2.11, 3.5, 5.4 and 13.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 13.6 shall be treated for purposes of this Agreement as a
sale by such Lender of a participation in such rights and obligations in accordance with clause (c) of this Section 13.6. For the avoidance of doubt, in case of an assignment to a new Lender pursuant to this
Section 13.6, (i) the Administrative Agent, the new Lender and other Lenders shall acquire the same rights and assume the same obligations between themselves as they would have acquired and assumed had the new Lender been an
original Lender signatory to this Agreement with the rights and/or obligations acquired or assumed by it as a result of the assignment and to the extent of the assignment the assigning Lender shall each be released from further obligations under the
Credit Documents and (ii) the benefit of each Security Document shall be maintained in favor of the new Lender. 
 (iv) The
Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and
addresses of the Lenders, and the Commitments of, and principal amount of the Loans (and stated interest amounts) and any payment made by the applicable Letter of Credit Issuer under any Letter of Credit owing to each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent, the Collateral Agent, the Letter of Credit Issuers and the Lenders shall
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower,
the Collateral Agent, the Letter of Credit Issuers, the Administrative Agent and its Affiliates and, with respect to itself, any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(v) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire and applicable tax forms (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in clause (b) of this Section 13.6 and any written
consent to such assignment required by clause (b) of this Section 13.6, the Administrative Agent shall promptly accept such Assignment and Acceptance and record the information contained therein in the Register. No
assignment, whether or not evidenced by a promissory note, shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this clause (b)(v). 

(c) (i) Any Lender may, without the consent of the Borrower, the Administrative Agent or the Letter of Credit Issuers, sell
participations to one or more banks or other entities (other than (x) a natural person, (y) Holdings, the Borrower and its Subsidiaries and (z) any Disqualified Lender provided, however, that, notwithstanding clause
(z) hereof, participations may be sold to Disqualified Lenders unless a list of Disqualified Lenders has been made available to all Lenders) (each, a “Participant”) in all or a portion of such Lender’s rights and
obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations, and (C) the Borrower, the Administrative Agent, the Letter of Credit Issuers, and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, the Administrative Agent shall bear no responsibility or liability for monitoring and enforcing the list of Disqualified Lenders or
the sales of participations thereto at any time. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of 

  
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any provision of this Agreement or any other Credit Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, modification or waiver described in clauses (i) and (vii) of the second proviso to Section 13.1 that affects such Participant. Subject to clause (c)(ii) of this
Section 13.6, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.10, 2.11, 3.5, and 5.4 to the same extent as if it were a Lender (subject to the limitations and
requirements of those Sections as though it were a Lender and had acquired its interest by assignment pursuant to clause (b) of this Section 13.6, including the requirements of clause (e) of
Section 5.4) (it being agreed that any documentation required under Section 5.4(e) shall be provided to the participating Lender). To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 13.8(b) as though it were a Lender; provided such Participant shall be subject to Section 13.8(a) as though it were a Lender. 

(ii) A Participant shall not be entitled to receive any greater payment under Section 2.10, 2.11, 3.5 or 5.4
than the applicable Lender would have been entitled to receive absent the sale of such the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent (which
consent shall not be unreasonably withheld). Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and
the principal amounts (and stated interest amounts) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be
conclusive, absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. No Lender
shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit
or its other obligations under any Credit Document) except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the
United States Treasury Regulations. 
 (d) Any Lender may, without the consent of the Borrower or the Administrative Agent, at any time
pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section 13.6
shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee
for such Lender as a party hereto. 
 (e) Subject to Section 13.16, the Borrower authorizes each Lender to disclose to any
Participant, secured creditor of such Lender or assignee (each, a “Transferee”) and any prospective Transferee any and all financial information in such Lender’s possession concerning the Borrower and their Affiliates that has
been delivered to such Lender by or on behalf of the Borrower and their Affiliates pursuant to this Agreement or that has been delivered to such Lender by or on behalf of the Borrower and their Affiliates in connection with such Lender’s credit
evaluation of the Borrower and their Affiliates prior to becoming a party to this Agreement. 
 (f) The words “execution,”
“signed,” “signature,” and words of like import in any Assignment and Acceptance shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect,
validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

  
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 (g) SPV Lender. Notwithstanding anything to the contrary contained herein, any Lender (a
“Granting Lender”) may grant to a special purpose funding vehicle (an “SPV”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to
provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPV to make
any Loan and (ii) if an SPV elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPV
hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPV shall be liable for any indemnity or similar payment obligation
under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is
one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it shall not institute against, or join any other Person in instituting against, such SPV any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 13.6, any SPV may (i) with notice to, but
without the prior written consent of, the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented
to by the Borrower and the Administrative Agent) other than a Disqualified Lender providing liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of Loans and (ii) subject to
Section 13.16, disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPV. This
Section 13.6(g) may not be amended without the written consent of the SPV. Notwithstanding anything to the contrary in this Agreement but subject to the following sentence, each SPV shall be entitled to the benefits of Sections
2.10, 2.11, 3.5 and 5.4 to the same extent as if it were a Lender (subject to the limitations and requirements of those Sections as though it were a Lender and had acquired its interest by assignment pursuant to clause
(b) of this Section 13.6, including the requirements of clause (e) of Section 5.4 (it being agreed that any documentation required under Section 5.4(e) shall be provided to the Granting
Lender)). Notwithstanding the prior sentence, an SPV shall not be entitled to receive any greater payment under Section 2.10, 2.11, 3.5 or 5.4 than its Granting Lender would have been entitled to receive absent the
grant to such SPV, unless such grant to such SPV is made with the Borrower’s prior written consent (which consent shall not be unreasonably withheld). 

(h) Notwithstanding anything to the contrary contained herein, (x) any Lender may, at any time, assign all or a portion of its rights and
obligations under this Agreement in respect of its Term Loans to Holdings, the Borrower, any Subsidiary or an Affiliated Lender and (y) Holdings, the Borrower and any Subsidiary may, from time to time, purchase or prepay Term Loans, in each
case, on a non-pro rata basis through (x) Dutch auction procedures open to all applicable Lenders on a pro rata basis in accordance with customary procedures to be agreed between Holdings or the Borrower and the Auction Agent or (y) open
market purchases; provided that: 
 (i) any Loans or Commitments acquired by Holdings, the Borrower, or any other
Subsidiary shall be retired and cancelled promptly upon the acquisition thereof; 

  
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 (ii) by its acquisition of Loans or Commitments, an Affiliated Lender shall be
deemed to have acknowledged and agreed that: 
  

	 	(A)	it shall not have any right to (i) attend or participate in (including, in each case, by telephone) any meeting (including “Lender only” meetings) or discussions (or portion thereof) among the
Administrative Agent or any Lender to which representatives of the Borrower are not then present, (ii) receive any information or material prepared by the Administrative Agent or any Lender or any communication by or among the Administrative Agent
and one or more Lenders or any other material which is “Lender only”, except to the extent such information or materials have been made available to the Borrower or its representatives (and in any case, other than the right to receive
notices of prepayments and other administrative notices in respect of its Loans required to be delivered to Lenders pursuant to Section 2) or receive any advice of counsel to the Administrative Agent or (iii) make any challenge to
the Administrative Agent’s or any other Lender’s attorney-client privilege on the basis of its status as a Lender; and 

  

	 	(B)	except with respect to any amendment, modification, waiver, consent or other action (I) in Section 13.1 requiring the consent of all Lenders, all Lenders directly and adversely affected or specifically
such Lender, (II) that alters an Affiliated Lender’s pro rata share of any payments given to all Lenders, or (III) affects the Affiliated Lender (in its capacity as a Lender) in a manner that is disproportionate to the effect on any Lender in
the same Class, the Loans held by an Affiliated Lender shall be disregarded in both the numerator and denominator in the calculation of any Lender vote (and, in the case of a plan of reorganization that does not affect the Affiliated Lender in a
manner that is materially adverse to such Affiliated Lender relative to other Lenders, shall be deemed to have voted its interest in the Term Loans in the same proportion as the other Lenders) (and shall be deemed to have been voted in the same
percentage as all other applicable Lenders voted if necessary to give legal effect to this paragraph); and 

(iii) the aggregate principal amount of Term Loans held at any one time by Affiliated Lenders may not exceed 30% of the
aggregate principal amount of all Term Loans outstanding at the time of such purchase; and 
 (iv) any such Loans acquired by
an Affiliated Lender may, with the consent of the Borrower, be contributed to the Borrower and exchanged for debt or equity securities that are otherwise permitted to be issued at such time (and such Loans or Commitments shall be retired and
cancelled promptly). 
 (v) The proceeds of the Revolving Credit Facility may not be used by the Borrower and its
Subsidiaries to purchase Term Loans. To the extent that Revolving Loans are outstanding at the time of any such purchase of Term Loans by the Borrower and its Subsidiaries, the Borrower and its Subsidiaries shall be deemed not to have utilized the
Revolving Credit Facility to make such purchase so long as Excess Cash Flow of the Borrower and its Subsidiaries for the most recent Test Period for which Section 9.1 Financials have been delivered is equal to or greater than the dollar amount
required to make such purchase of such Term Loans. 

  
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 For avoidance of doubt, the foregoing limitations shall not be applicable to Affiliated Institutional Lenders.
None of the Borrower, Holdings, any Subsidiary of the Borrower or any Affiliated Lender shall be required to make any representation that it is not in possession of information which is not publicly available and/or material with respect to
Holdings, the Borrower and their respective Subsidiaries or their respective securities for purposes of U.S. federal and state securities laws. 

13.7 Replacements of Lenders Under Certain Circumstances. 

(a) The Borrower shall be permitted (x) to replace any Lender or (y) terminate the Commitment of such Lender or Letter of Credit
Issuer, as the case may be, and (1) in the case of a Lender (other than the Letter of Credit Issuer), repay all Obligations of the Borrower due and owing to such Lender relating to the Loans and participations held by such Lender as of such
termination date and (2) in the case of any Letter of Credit Issuer, repay all Obligations of the Borrower owing to such Letter of Credit Issuer relating to the Loans and participations held by such Letter of Credit Issuer as of such
termination date and cancel or backstop on terms satisfactory to such Letter of Credit Issuer any Letters of Credit issued by it that (a) requests reimbursement for amounts owing pursuant to Sections 2.10 or 5.4, (b) is
affected in the manner described in Section 2.10(a)(iii) and as a result thereof any of the actions described in such Section is required to be taken, or (c) becomes a Defaulting Lender, with a replacement bank or other financial
institution; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of Default under Sections 11.1 or 11.5 shall have occurred and be continuing at the time of such replacement,
(iii) the Borrower shall repay (or the replacement bank or institution shall purchase, at par) all Loans and other amounts pursuant to Sections 2.10, 2.11, or 5.4, as the case may be, owing to such replaced Lender prior to
the date of replacement, (iv) the replacement bank or institution, if not already a Lender, an Affiliate of the Lender, an Affiliated Lender or Approved Fund, and the terms and conditions of such replacement, shall be reasonably satisfactory to
the Administrative Agent, (v) the replacement bank or institution, if not already a Lender shall be subject to the provisions of Section 13.6(b), (vi) the replaced Lender shall be obligated to make such replacement in
accordance with the provisions of Section 13.6 (provided that unless otherwise agreed the Borrower shall be obligated to pay the registration and processing fee referred to therein), and (vii) any such replacement shall not be
deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender. 

(b) If any Lender (such Lender, a “Non-Consenting Lender”) has failed to consent to a proposed amendment, waiver, discharge
or termination that pursuant to the terms of Section 13.1 requires the consent of either (i) all of the Lenders directly and adversely affected or (ii) all of the Lenders, and, in each case, with respect to which the Required
Lenders (or at least 50.1% of the directly and adversely affected Lenders) shall have granted their consent, then, the Borrower shall have the right (unless such Non-Consenting Lender grants such consent) to (x) replace such Non-Consenting
Lender by requiring such Non-Consenting Lender to assign its Loans, and its Commitments hereunder to one or more assignees reasonably acceptable to the Administrative Agent (to the extent such consent would be required under
Section 13.6) or to terminate the Commitment of such Lender or Letter of Credit Issuer, as the case may be, and (1) in the case of a Lender (other than the Letter of Credit Issuer), repay all Obligations of the Borrower due and
owing to such Lender relating to the Loans and participations held by such Lender as of such termination date and (2) in the case of any Letter of Credit Issuer, repay all Obligations of the Borrower owing to such Letter of Credit Issuer
relating to the Loans and participations held by such Letter of Credit Issuer as of such termination date and cancel or backstop on terms satisfactory to such Letter of Credit Issuer any Letters of Credit issued by it); provided that
(a) all 

  
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Obligations hereunder of the Borrower owing to such Non-Consenting Lender being replaced shall be paid in full to such Non-Consenting Lender concurrently with such assignment including any
amounts that such Lender may be owed pursuant to Section 2.11, and (b) the replacement Lender shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the principal amount thereof plus accrued and unpaid
interest thereon, and (c) the Borrower shall pay to such Non-Consenting Lender the amount, if any, owing to such Lender pursuant to Section 5.1(b). In connection with any such assignment, the Borrower, the Administrative Agent, such
Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 13.6. 
 13.8 Adjustments; Set-off.

 (a) Except as contemplated in Section 13.6 or elsewhere herein, if any Lender (a “Benefited Lender”) shall
at any time receive any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in
Section 11.5, or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lender’s Loans, or interest thereon, such Benefited Lender shall purchase for
cash from the other Lenders a participating interest in such portion of each such other Lender’s Loan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such
Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from
such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

(b) After the occurrence and during the continuance of an Event of Default, in addition to any rights and remedies of the Lenders provided by
law, each Lender shall have the right, without prior notice to the Credit Parties but with the prior consent of the Administrative Agent, any such notice being expressly waived by the Credit Parties to the extent permitted by applicable law, upon
any amount becoming due and payable by the Credit Parties hereunder (whether at the stated maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand,
provisional or final) (other than payroll, trust, tax, fiduciary, and petty cash accounts), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or
unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Credit Parties. Each Lender agrees promptly to notify the Credit Parties and the Administrative Agent after any such
set-off and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such set-off and application. 

13.9 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be
lodged with the Borrower and the Administrative Agent. 
 13.10 Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

  
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 13.11 Integration. This Agreement and the other Credit Documents represent the agreement
of Holdings, the Borrower, the Collateral Agent, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by Holdings, the Borrower, the Administrative
Agent, the Collateral Agent nor any Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Credit Documents. 

13.12 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. EACH LETTER OF CREDIT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

13.13 Submission to Jurisdiction; Waivers. Each party hereto irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Credit Documents to which
it is a party to the exclusive general jurisdiction of the courts of the State of New York or the courts of the United States for the Southern District of New York, in each case sitting in New York City in the Borough of Manhattan, and appellate
courts from any thereof; 
 (b) consents that any such action or proceeding shall be brought in such courts and waives (to the extent
permitted by applicable law) any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the
same or to commence or support any such action or proceeding in any other courts; 
 (c) agrees that service of process in any such action
or proceeding shall be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address set forth on Schedule 13.2 at such other address of which
the Administrative Agent shall have been notified pursuant to Section 13.2; 
 (d) agrees that nothing herein shall affect the
right of the Administrative Agent, any Lender or another Secured Party to effect service of process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against Holdings or the Borrower or any other Credit Party
in any other jurisdiction; and 
 (e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any
legal action or proceeding referred to in this Section 13.13 any special, exemplary, punitive or consequential damages; provided that nothing in this clause (e) shall limit the Credit Parties’ indemnification obligations
set forth in Section 13.5. 
 13.14 Acknowledgments. Each of Holdings and the Borrower hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution, and delivery of this Agreement and the other Credit Documents; 

(b) 
 (i) the credit facilities
provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof 

  
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or of any other Credit Document) are an arm’s-length commercial transaction between the Borrower and the other Credit Parties, on the one hand, and the Administrative Agent, the Lenders and
the other Agents on the other hand, and the Borrower and the other Credit Parties are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated hereby and by the other Credit
Documents (including any amendment, waiver or other modification hereof or thereof); 
 (ii) in connection with the process leading to such
transaction, each of the Administrative Agent and the other Agents, is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary for the Borrower, any other Credit Parties or any of their respective Affiliates,
stockholders, creditors or employees, or any other Person; 
 (iii) neither the Administrative Agent nor any other Agent has assumed or will
assume an advisory, agency or fiduciary responsibility in favor of the Borrower or any other Credit Party with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or
other modification hereof or of any other Credit Document (irrespective of whether the Administrative Agent or other Agent has advised or is currently advising the Borrower, the other Credit Parties or their respective Affiliates on other matters)
and neither the Administrative Agent or other Agent has any obligation to the Borrower, the other Credit Parties or their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein
and in the other Credit Documents; 
 (iv) the Administrative Agent, each other Agent and each Affiliate of the foregoing may be engaged in
a broad range of transactions that involve interests that differ from those of the Borrower and their Affiliates, and neither the Administrative Agent nor any other Agent has any obligation to disclose any of such interests by virtue of any
advisory, agency or fiduciary relationship; and 
 (v) neither the Administrative Agent nor any other Agent has provided and none will
provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Credit Document) and the Borrower have consulted their
own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each of Holdings and the Borrower hereby agrees that it will not claim that any Agent owes a fiduciary or similar duty to the Credit Parties in connection
with the Transactions contemplated hereby and waives and releases, to the fullest extent permitted by law, any claims that it may have against the Administrative Agent or any other Agent with respect to any breach or alleged breach of agency or
fiduciary duty; and 
 (c) no joint venture is created hereby or by the other Credit Documents or otherwise exists by virtue of the
transactions contemplated hereby among the Lenders or among the Borrower, on the one hand, and any Lender, on the other hand. 
 13.15
WAIVERS OF JURY TRIAL. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVE (TO THE EXTENT PERMITTED BY APPLICABLE LAW) TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY
COUNTERCLAIM THEREIN. 
 13.16 Confidentiality. The Administrative Agent, each other Agent and each Lender (collectively, the
“Restricted Persons” and, each a “Restricted Person”) shall treat confidentially all non-public information provided to any Restricted Person by or on behalf of any Credit Party hereunder in connection with such
Restricted Person’s evaluation of whether to become a Lender hereunder or 

  
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obtained by such Restricted Person pursuant to the requirements of this Agreement (“Confidential Information”) and shall not publish, disclose or otherwise divulge such
Confidential Information; provided that nothing herein shall prevent any Restricted Person from disclosing any such Confidential Information (a) pursuant to the order of any court or administrative agency or in any pending legal,
judicial or administrative proceeding, or otherwise as required by applicable law, rule or regulation or compulsory legal process (in which case such Restricted Person agrees (except with respect to any routine or ordinary course audit or
examination conducted by bank accountants or any governmental or bank regulatory authority exercising examination or regulatory authority), to the extent practicable and not prohibited by applicable law, rule or regulation, to inform the Borrower
promptly thereof prior to disclosure), (b) upon the request or demand of any regulatory authority having jurisdiction over such Restricted Person or any of its Affiliates (in which case such Restricted Person agrees (except with respect to any
routine or ordinary course audit or examination conducted by bank accountants or any governmental or bank regulatory authority exercising examination or regulatory authority) to the extent practicable and not prohibited by applicable law, rule or
regulation, to inform the Borrower promptly thereof prior to disclosure), (c) to the extent that such Confidential Information becomes publicly available other than by reason of improper disclosure by such Restricted Person or any of its
affiliates or any related parties thereto in violation of any confidentiality obligations owing under this Section 13.16, (d) to the extent that such Confidential Information is received by such Restricted Person from a third party
that is not, to such Restricted Person’s knowledge, subject to confidentiality obligations owing to any Credit Party or any of their respective subsidiaries or affiliates, (e) to the extent that such Confidential Information was already in
the possession of a Restricted Person prior to any duty or other undertaking of confidentiality or is independently developed by the Restricted Persons without the use of such Confidential Information, (f) to such Restricted Person’s
affiliates and to its and their respective officers, directors, partners, employees, legal counsel, independent auditors, and other experts or agents who need to know such Confidential Information in connection with providing the Loans or action as
an Agent hereunder and who are informed of the confidential nature of such Confidential Information and who are subject to customary confidentiality obligations of professional practice or who agree to be bound by the terms of this
Section 13.16 (or confidentiality provisions at least as restrictive as those set forth in this Section 13.16) (with each such Restricted Person, to the extent within its control, responsible for such person’s compliance
with this paragraph), (g) to potential or prospective Lenders, hedge providers, participants or assignees, in each case who agree (pursuant to customary syndication practice) to be bound by the terms of this Section 13.16 (or
confidentiality provisions at least as restrictive as those set forth in this Section 13.16); provided that (i) the disclosure of any such Confidential Information to any Lenders, hedge providers or prospective Lenders, hedge
providers or participants or prospective participants referred to above shall be made subject to the acknowledgment and acceptance by such Lender, hedge provider or prospective Lender or participant or prospective participant that such Confidential
Information is being disseminated on a confidential basis (on substantially the terms set forth in this Section 13.16 or confidentiality provisions at least as restrictive as those set forth in this Section 13.16) in
accordance with the standard syndication processes of such Restricted Person or customary market standards for dissemination of such type of information, which shall in any event require “click through” or other affirmative actions on the
part of recipient to access such Confidential Information and (ii) no such disclosure shall be made by such Restricted Person to any person that is at such time a Disqualified Lender, (h) for purposes of establishing a “due
diligence” defense, or (i) to rating agencies in connection with obtaining ratings for the Borrower and the Facilities to the extent such rating agencies are subject to customary confidentiality obligations of professional practice or
agree to be bound by the terms of this Section 13.16 (or confidentiality provisions at least as restrictive as those set forth in this Section 13.16). Notwithstanding the foregoing, (i) Confidential Information shall not
include, with respect to any Person, information available to it or its Affiliates on a non-confidential basis from a source other than the Borrower, its Subsidiaries or their respective Affiliates, (ii) the Administrative Agent shall not be
responsible for compliance with this Section 13.16 by any other Restricted Person (other than its officers, 

  
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directors or employees), (iii) in no event shall any Lender, the Administrative Agent or any other Agent be obligated or required to return any materials furnished by the Borrower or any of
its Subsidiaries, and (iv) each Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services providers to the lending industry, and service providers to
the Agents and the Lenders in connection with the administration, settlement and management of this Agreement and the other Credit Documents. 

13.17 Direct Website Communications. Each of Holdings and the Borrower may, at its option, provide to the Administrative Agent any
information, documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to the Credit Documents, including, without limitation, all notices, requests, financial statements, financial, and other reports,
certificates, and other information materials, but excluding any such communication that (A) relates to a request for a new, or a conversion of an existing, borrowing or other extension of credit (including any election of an interest rate or
interest period relating thereto, (B) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (C) provides notice of any default or event of default under this Agreement or
(D) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension of credit thereunder (all such non-excluded communications being referred to herein collectively
as “Communications”), by transmitting the Communications in an electronic/soft medium in a format reasonably acceptable to the Administrative Agent to the Administrative Agent at an email address provided by the Administrative Agent
from time to time; provided that (i) upon written request by the Administrative Agent, Holdings or the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender until a
written request to cease delivering paper copies is given by the Administrative Agent and (ii) Holdings or the Borrower shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents
and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such
documents from the Administrative Agent and maintaining its copies of such documents. Nothing in this Section 13.17 shall prejudice the right of Holdings, the Borrower, the Administrative Agent, any other Agent or any Lender to give any
notice or other communication pursuant to any Credit Document in any other manner specified in such Credit Document. 
 The Administrative
Agent agrees that the receipt of the Communications by the Administrative Agent at its e-mail address set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Credit Documents. Each
Lender agrees that notice to it (as provided in the next sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Credit Documents.
Each Lender agrees (A) to notify the Administrative Agent in writing (including by electronic communication) from time to time of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and
(B) that the foregoing notice may be sent to such e-mail address. 
 (a) Each of Holdings and the Borrower further agrees that any
Agent may make the Communications available to the Lenders by posting the Communications on Intralinks or a substantially similar electronic transmission system (the “Platform”), so long as the access to such Platform (i) is
limited to the Agents, the Lenders and Transferees or prospective Transferees and (ii) remains subject to the confidentiality requirements set forth in Section 13.16. 

(b) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF
ANY MATERIALS OR 

  
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INFORMATION PROVIDED BY THE CREDIT PARTIES (THE “BORROWER MATERIALS”) OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY
ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties” and each an “Agent Party”) have
any liability to the Borrower, any Lender, or any other Person for losses, claims, damages, liabilities, or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s
transmission of Borrower Materials through the internet, except to the extent the liability of any Agent Party resulted from such Agent Party’s (or any of its Related Parties’ (other than any trustee or advisor)) gross negligence, bad
faith or willful misconduct or material breach of the Credit Documents as determined in the final non-appealable judgment of a court of competent jurisdiction. 

(c) Each of Holdings and the Borrower and each Lender acknowledge that certain of the Lenders may be “public-side” Lenders (Lenders
that do not wish to receive material non-public information with respect to Holdings, the Borrower, the Subsidiaries or their securities) and, if documents or notices required to be delivered pursuant to the Credit Documents or otherwise are being
distributed through the Platform, any document or notice that Holdings or the Borrower has indicated contains only publicly available information with respect to Holdings or the Borrower may be posted on that portion of the Platform designated for
such public-side Lenders. If Holdings or the Borrower has not indicated whether a document or notice delivered contains only publicly available information, the Administrative Agent shall post such document or notice solely on that portion of the
Platform designated for Lenders who wish to receive material nonpublic information with respect to Holdings, the Borrower, the Subsidiaries and their securities. Notwithstanding the foregoing, each of Holdings and the Borrower shall use commercially
reasonable efforts to indicate whether any document or notice contains only publicly available information; provided however that, the following documents shall be deemed to be marked “PUBLIC,” unless the Borrower notifies the
Administrative Agent promptly that any such document contains material nonpublic information: (1) the Loan Documents, (2) any notification of changes in the terms of the Credit Facility and (3) all financial statements and
certificates delivered pursuant to Sections 9.1(a), (b) and (d). 
 13.18 USA PATRIOT Act. Each Lender hereby
notifies each Credit Party that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify, and record information
that identifies each Credit Party, which information includes the name and address of each Credit Party and other information that will allow such Lender to identify each Credit Party in accordance with the Patriot Act. 

13.19 [Reserved]. 
 13.20
Payments Set Aside. To the extent that any payment by or on behalf of Holdings or the Borrower is made to any Agent, any Letter of Credit Issuer, or any Lender, or any Agent, any Letter of Credit Issuer, or any Lender exercises its right of
setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent, any such
letter of Credit Issuer, or such Lender in its discretion) to be repaid to a trustee, receiver, or any other party, in connection with any proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full force and effect as if such 

  
 179 

 
payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent (for its account or the account of the applicable Letter of
Credit Issuer, as the case may be) upon demand its applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the
applicable Overnight Rate from time to time in effect. 
 13.21 No Fiduciary Duty. Each Agent, each Letter of Credit Issuer, each
Lender and their respective Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Credit Parties, their stockholders and/or their affiliates.
Each Credit Party agrees that nothing in the Credit Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Credit Party, its
stockholders or its affiliates, on the other. The Credit Parties acknowledge and agree that (i) the transactions contemplated by the Credit Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length
commercial transactions between the Lenders, on the one hand, and the Credit Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in
favor of any Credit Party, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has
advised, is currently advising or will advise any Credit Party, its stockholders or its Affiliates on other matters) or any other obligation to any Credit Party except the obligations expressly set forth in the Credit Documents and (y) each
Lender is acting solely as principal and not as the agent or fiduciary of any Credit Party, its management, stockholders or creditors. Each Credit Party acknowledges and agrees that it has consulted its own legal and financial advisors to the extent
it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Credit Party agrees that it will not claim that any Lender has rendered advisory
services of any nature or respect, or owes a fiduciary or similar duty to such Credit Party, in connection with such transaction or the process leading thereto. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 180 

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

					
	VISANT SECONDARY HOLDINGS CORP.
	as Holdings
		
	By:	 	 /s/ Marie D. Hlavaty

		 	Name:	 	Marie D. Hlavaty
		 	Title:	 	Senior Vice President, Chief Legal Counsel and Secretary

  

					
	VISANT CORPORATION,
	as the Borrower
		
	By:	 	 /s/ Paul B. Carousso

		 	Name:	 	Paul B. Carousso
		 	Title:	 	Senior Vice President and Chief Financial Officer

 [Credit Agreement] 

 
					
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
individually as a Lender, Letter of Credit Issuer and as Administrative Agent
		
	By:	 	 /s/ Nupur Kumar

		 	Name:	 	Nupur Kumar
		 	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Samuel Miller

		 	Name:	 	Samuel Miller
		 	Title:	 	Authorized Signatory

  
 [Credit Agreement]

 
			
	BARCLAYS BANK PLC,
	as Lender and Letter of Credit Issuer
		
	By:	 	 /s/ Ritam Bhalla

	Name:	 	Ritam Bhalla
	Title:	 	Director

  
 [Credit Agreement]

 
					
	DEUTSCHE BANK AG NEW YORK BRANCH,
as Lender and Letter of Credit Issuer
		
	By:	 	 /s/ Peter Cucchiara

		 	Name:	 	Peter Cucchiara
		 	Title:	 	Vice President

  

					
	By:	 	 /s/ Kirk Tashjian

		 	Name:	 	Kirk Tashjian
		 	Title:	 	Vice President

  
 [Credit Agreement]

 
					
	 GOLDMAN SACHS BANK USA,
 as Lender
and Letter of Credit Issuer

		
	By:	 	 /s/ Robert Ehudin

		 	Name:	 	Robert Ehudin
		 	Title:	 	Authorized Signatory

  
 [Credit Agreement]

 
					
	 KKR Corporate Lending,
 as Lender
and Letter of Credit Issuer

		
	By:	 	 /s/ Adam Smith

		 	Name:	 	Adam Smith
		 	Title:	 	Authorized Signatory

  
 [Credit Agreement]

 
					
	 BANK OF AMERICA, N.A.,
 as Lender
and Letter of Credit Issuer

		
	By:	 	 /s/ Adam Cady

		 	Name:	 	Adam Cady
		 	Title:	 	Managing Director

  
 [Credit Agreement]

 
					
	 Mizuho Bank, Ltd,
 as Lender and
Letter of Credit Issuer

		
	By:	 	 /s/ James Fayen

		 	Name:	 	James Fayen
		 	Title:	 	Deputy General Manager

  
 [Credit Agreement]

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