Document:

Loan Agreement

 EXHIBIT 10.2 

LOAN AGREEMENT 
 October 22, 2012 
 among 

TELEDYNE TECHNOLOGIES INCORPORATED, 
 as the Borrower, 
 CERTAIN OF ITS SUBSIDIARIES, 

as Guarantors, 

and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Lender 

 TABLE OF CONTENTS 

 

							
	ARTICLE I	 	 DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
			
	 1.1
	 	Defined Terms	  	 	1	  
	 1.2
	 	Other Interpretive Provisions	  	 	10	  
	 1.3
	 	References to Agreements and Laws	  	 	10	  
	 1.4
	 	Times of Day	  	 	11	  
			
	ARTICLE II	 	 THE COMMITMENTS AND CREDIT EXTENSIONS
	  	 	11	  
			
	 2.1
	 	Term Loan	  	 	11	  
	 2.2
	 	Borrowings, Conversions and Continuations of Loans	  	 	11	  
	 2.3
	 	Voluntary Prepayments	  	 	12	  
	 2.4
	 	Termination of Commitments	  	 	12	  
	 2.5
	 	Repayment of Loans	  	 	12	  
	 2.6
	 	Interest	  	 	13	  
	 2.7
	 	Computation of Interest and Fees	  	 	13	  
	 2.8
	 	Evidence of Debt	  	 	13	  
	 2.9
	 	Payments Generally	  	 	14	  
			
	ARTICLE III	 	 TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	14	  
			
	 3.1
	 	Taxes	  	 	14	  
	 3.2
	 	Illegality	  	 	14	  
	 3.3
	 	Inability to Determine Rates	  	 	15	  
	 3.4
	 	Increased Costs	  	 	15	  
	 3.5
	 	Funding Losses	  	 	16	  
	 3.6
	 	Mitigation Obligations	  	 	17	  
	 3.7
	 	Survival	  	 	17	  
			
	ARTICLE IV	 	 GUARANTY
	  	 	17	  
			
	 4.1
	 	The Guaranty	  	 	17	  
	 4.2
	 	Obligations Unconditional	  	 	18	  
	 4.3
	 	Reinstatement	  	 	19	  
	 4.4
	 	Certain Additional Waivers	  	 	19	  
	 4.5
	 	Remedies	  	 	19	  
	 4.6
	 	Rights of Contribution	  	 	20	  

							
	 4.7
	 	Guarantee of Payment; Continuing Guarantee	  	 	20	  
			
	ARTICLE V	 	 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	20	  
			
	 5.1
	 	Conditions of Initial Borrowing	  	 	20	  
			
	ARTICLE VI	 	 REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	21	  
			
	ARTICLE VII	 	 EVENTS OF DEFAULT AND REMEDIES
	  	 	22	  
			
	 7.1
	 	Events of Default	  	 	22	  
	 7.2
	 	Remedies Upon Event of Default	  	 	24	  
			
	ARTICLE VIII	 	 MISCELLANEOUS
	  	 	24	  
			
	 8.1
	 	Amendments, Etc	  	 	24	  
	 8.2
	 	Notices; Effectiveness; Electronic Communication	  	 	25	  
	 8.3
	 	No Waiver; Cumulative Remedies	  	 	26	  
	 8.4
	 	Expenses; Indemnity; Damage Waiver	  	 	26	  
	 8.5
	 	Payments Set Aside	  	 	27	  
	 8.6
	 	Successors and Assigns	  	 	27	  
	 8.7
	 	Confidentiality	  	 	28	  
	 8.8
	 	Setoff	  	 	29	  
	 8.9
	 	Interest Rate Limitation	  	 	29	  
	 8.10
	 	Counterparts	  	 	30	  
	 8.11
	 	Integration	  	 	30	  
	 8.12
	 	Survival of Representations and Warranties	  	 	30	  
	 8.13
	 	Severability	  	 	30	  
	 8.14
	 	Replacement of Lenders	  	 	30	  
	 8.15
	 	Governing Law; Jurisdiction, Etc	  	 	31	  
	 8.16
	 	Waiver of Right to Trial by Jury	  	 	32	  
	 8.17
	 	No Advisory or Fiduciary Responsibility	  	 	32	  
	 8.18
	 	USA PATRIOT Act Notice	  	 	33	  

			
	SCHEDULES
		
	 8.2
	 	Certain Addresses for Notices
		
	EXHIBITS	 	
		
	 A
	 	Form of Loan Notice
	 B
	 	Form of Compliance Certificate
	 C
	 	Form of Joinder Agreement

 LOAN AGREEMENT 

This LOAN AGREEMENT, is entered into as of October 22, 2012, among TELEDYNE TECHNOLOGIES INCORPORATED, a Delaware corporation (the
“Borrower”), the Guarantors (defined herein) and U.S. BANK NATIONAL ASSOCIATION (“U.S. Bank”). 
 The
Borrower has requested that U.S. Bank provide a $100,000,000 term loan for the purposes set forth herein, and U.S. Bank is willing to do so on the terms and conditions set forth herein. 

In consideration of the mutual covenants and agreements herein contained, the parties hereto intending to be legally bound covenant and
agree as follows: 
 ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS 
  

	1.1	Defined Terms. 

 As
used in this Agreement, the following terms shall have the meanings set forth below: 
 “Additional Lenders”
means all Eligible Assignees that are parties to this Agreement in accordance with Section 8.6. 

“Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. Without limiting the generality of the foregoing, a Person shall be deemed
to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary voting power for the election of directors, managing general partners or the equivalent.

 “Agreement” means this Loan Agreement. 

“Applicable Rate” means the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in
the most recent Compliance Certificate received by U.S. Bank pursuant to the terms hereof: 
  

											
	 Pricing
Level
	  	 Consolidated Leverage Ratio
	  	Base Rate
Loans	 	 	Eurocurrency
Loans	 
	1	  	Greater than or equal to 2.0 to 1.0	  	 	0.375	% 	 	 	1.375	% 
	2	  	Less than 2.0 to 1.0	  	 	0.250	% 	 	 	1.250	% 

 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become
effective as of the first Business Day immediately following the 

  
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delivery of a Compliance Certificate pursuant hereto; provided, however, that if a Compliance Certificate is not delivered when due, then Pricing Level 1 shall apply as of the first Business
Day after the date on which such Compliance Certificate was required to have been delivered and shall continue to apply until the first Business Day immediately following the date such Compliance Certificate is delivered in accordance herewith,
whereupon the Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage Ratio contained in such Compliance Certificate. The Applicable Rate in effect from the Closing Date through the first Business Day immediately
following the date a Compliance Certificate is required to be delivered pursuant hereto for the fiscal quarter ending September 30, 2012 shall be determined based upon Pricing Level 2. Notwithstanding anything to the contrary contained in this
definition, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.7(b). 

“Approved Fund” means any Fund that is administered or managed by (a) any of the Lenders, (b) an Affiliate of any of
the Lenders or (c) an entity or an Affiliate of an entity that administers or manages any of the Lenders. 
 “Base
Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by U.S. Bank as its
“prime rate” and (c) the Eurocurrency Rate plus 1.00%. The “prime rate” is a rate set by U.S. Bank based upon various factors including U.S. Bank’s costs and desired return, general economic conditions and other
factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in the “prime rate” announced by U.S. Bank shall take effect at the opening of business on the day
specified in the public announcement of such change. 
 “Base Rate Loan” means a Loan that bears interest based on the
Base Rate. 
 “Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurocurrency Rate Loans,
having the same Interest Period made by U.S. Bank pursuant to Section 2.1. 
 “Business Day” means (a) any
day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where U.S. Bank’s Office is located and (b) if such day relates to any interest rate
settings as to a Eurocurrency Rate Loan, any fundings, disbursements, settlements and payments in respect of any such Eurocurrency Rate Loan, or any other dealings to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate
Loan, means any such day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank eurodollar market. 
 “Capital Stock” means (i) in the case of a corporation, capital stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of capital stock, (iii) in the case of a partnership, partnership interests (whether general or limited), (iv) in the case of a limited liability company, membership interests and (v) 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. 
 “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any
change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or

  
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directive (whether or not having the force of law) by any Governmental Authority; provided, however, for purposes of this Agreement, (i) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, guidelines and directives in connection therewith and (ii) all requests, rules, guidelines 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, are, in each case, deemed to have gone into effect and adopted after the date of this Agreement. 

“Change of Control” means if any Person or Persons acting in concert, together with the Affiliates thereof, shall become in the
aggregate, directly or indirectly, the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) of more than 50% (by number of shares) of the issued and outstanding Voting Stock of the Borrower. 

“Closing Date” means the date hereof. 
 “Commitment” means the Term Loan Commitment. 
 “Compliance
Certificate” means a certificate substantially in the form of Exhibit B. 
 “Consolidated Leverage Ratio”
shall have the meaning specified for such term in the Existing Revolving Credit Agreement. 
 “Control” has the
meaning specified in the definition of “Affiliate.” 
 “Debtor Relief Laws” means the Bankruptcy Code of the
United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default”
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 
 “Default Rate” means an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum. 

“Dollar” and “$” mean lawful money of the United States. 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the 

United States. 

“Eligible Assignee” means (a) an Affiliate of any Lender; (b) an Approved Fund; and (c) any other Person (other
than a natural person) approved by the Borrower (such approval not to be unreasonably withheld or delayed); provided that no such approval shall be required if an Event of Default has occurred and is continuing. 

“Environmental Laws” means any and all federal, state, local, foreign and other applicable statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions in each case relating to pollution and the protection of the environment or the release of any materials into
the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

  
 3 

 “Environmental Liability” means any liability, contingent or otherwise (including
any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of
any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous
Materials into the environment, or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“ERISA” means the Employee Retirement Income Security Act of 1974, and any regulations issued pursuant thereto. 

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

“Eurocurrency Base Rate” means: 
 (a) for any Interest Period with respect to a Eurocurrency Rate Loan, the rate per annum equal to (i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or
such other commercially available source providing quotations of BBA LIBOR as may be designated by U.S. Bank from time to time) at approximately 11:00 a.m., London time, two London Banking 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 or (ii) if such published rate is not available at such time for any reason, the rate per annum determined by U.S. Bank to be
the rate at which U.S. Bank would offer to place deposits in Dollars in immediately available funds with first-class banks in the interbank market at approximately 11:00 a.m. (London time) two London Banking Days prior to the first day of such
Interest Period, in the approximate amount of the relevant Eurocurrency Rate Loan and having a maturity equal to such Interest Period; and 
 (b) for any interest rate calculation with respect to a Base Rate Loan on any date, the rate per annum equal to (i) BBA LIBOR, at approximately 11:00 a.m., London time determined two London Banking
Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day or (ii) if such published rate is not available at such time for any reason, the rate per annum determined by
U.S. Bank to be the rate at which U.S. Bank would offer to place deposits in Dollars for delivery on the date of determination in immediately available funds with first-class banks in the interbank market in the approximate amount of the relevant
Base Rate Loan and having a 1-month maturity. 
 “Eurocurrency Rate” means (a) for any Interest Period with
respect to any Eurocurrency Rate Loan, a rate per annum determined by U.S. Bank to be equal to the quotient obtained by dividing (i) the Eurocurrency Base Rate for such Eurocurrency Rate Loan for such Interest Period by (ii) one minus the
Eurocurrency Reserve Percentage for such Eurocurrency Rate Loan for such Interest Period and (b) for any day with respect to any Base Rate Loan the interest rate on which is determined by reference to the Eurocurrency Rate, a rate per annum
determined by U.S. Bank to be equal to the quotient obtained by dividing (i) the Eurocurrency Base Rate for such Base Rate Loan for such day by (ii) one minus the Eurocurrency Reserve Percentage for such Base Rate Loan for such day.

  
 4 

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

 “Event of Default” has the meaning specified in Section 7.1. 

“Exchange Act” means the Securities Exchange Act of 1934. 

“Existing Revolving Credit Agreement” means that certain Credit Agreement, dated as of February 25, 2011, among the
Borrower, certain subsidiaries of the Borrower, the lenders party thereto and Bank of America, N.A., as administrative agent, as amended prior to the date hereof and as further amended pursuant to any amendment thereto that is consented to in
writing by U.S. Bank. 
 “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of
the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided
that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to U.S. Bank on such day on such transactions as determined by
U.S. Bank. 
 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “GAAP” means
generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the
Financial Accounting Standards Board, consistently applied. 
 “Governmental Authority” means any nation or
government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government. 

  
 5 

 “Guarantee” has the meaning given to such term in the Existing Revolving Credit
Agreement. 
 “Guaranty” means the Guaranty made by the Guarantors in favor of the Lenders pursuant to Article IV
hereof. 
 “Guarantors” means collectively, (a) each Domestic Subsidiary of the Borrower identified as a
“Guarantor” on the signature pages hereto, and (b) each Person that joins as a Guarantor pursuant hereto or otherwise. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates,
asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

“Indebtedness” has the meaning given to such term in the Existing Revolving Credit Agreement. 

“Indemnitees” has the meaning specified in Section 8.4. 

“Interest Payment Date” means (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period
applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also
be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. 
 “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan
and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice; provided that: 
 (i) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in
which case such Interest Period shall end on the next preceding Business Day; 
 (ii) any Interest Period that
begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of
such Interest Period; and 
 (iii) no Interest Period shall extend beyond the Maturity Date. 

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

“IRS” means the United States Internal Revenue Service. 

“Joinder Agreement” means a joinder agreement substantially in the form of Exhibit C executed and delivered by a
Subsidiary of the Borrower to join this Agreement as a Guarantor in accordance with the provisions hereof. 

  
 6 

 “Laws” means, collectively, all international, foreign, federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of
law. 
 “Lender” means any of the Lenders. 
 “Lenders” means U.S. Bank and all Additional Lenders. 
 “Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any
kind or nature whatsoever (including any conditional sale or other title retention agreement, and any financing lease having substantially the same economic effect as any of the foregoing). 

“Loan” means the Term Loan. 
 “Loan Documents” means this Agreement, the Note, each Joinder Agreement, each Loan Notice, each Compliance Certificate and each other document, instrument or agreement from time to time executed
by the Borrower or any of its Subsidiaries or any Responsible Officer thereof and delivered in connection with this Agreement. 

“Loan Notice” means a notice of (a) a Borrowing of the Term Loans, (b) a conversion of Loans from one Type to the
other, or (c) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.2(a), which, if in writing, shall be substantially in the form of Exhibit A. 
 “Loan Parties” means, collectively, the Borrower and each Guarantor. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, Properties, liabilities (actual or contingent) or condition (financial or otherwise) of the Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the ability of the Loan
Parties taken as a whole to perform their obligations under the Loan Documents; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party.

 “Maturity Date” means October [    ], 2015. 

“Maximum Rate” has the meaning specified in Section 8.9. 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the
Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 
 “Note” is defined in Section 2.8. 

  
 7 

 “Obligations” means all advances to, and debts, liabilities, obligations,
covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless
of whether such interest and fees are allowed claims in such proceeding. The foregoing shall also include any Swap Contract between any Loan Party and U.S. Bank or Affiliate of U.S. Bank and all obligations under any Treasury Management Agreement
between any Loan Party and U.S. Bank or Affiliate of U.S. Bank. 
 “Organization Documents” means, (a) with
respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of
formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization
and, if applicable, any certificate or articles of formation or organization of such entity. 
 “PBGC” means the
Pension Benefit Guaranty Corporation or any successor thereto. 
 “Pension Act” means the Pension Protection Act of
2006. 
 “Pension Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer
Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to minimum funding standards under Section 412 of the Code. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any employee benefit plan within the meaning of
Section 3(3) of ERISA (including a Pension Plan), maintained for employees of the Borrower or any ERISA Affiliate or any such Plan to which the Borrower or any ERISA Affiliate is required to contribute on behalf of any of its employees.

 “Property” means any interest of any kind in any property or asset, whether real, personal or mixed, or tangible or
intangible. 
 “Related Parties” means, 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. 
 “Required
Lenders” means Lenders in the aggregate holding greater than 50% of the aggregate outstanding amount of the Term Loan. 

“Responsible Officer” means the chief executive officer, president, chief financial officer or treasurer of a Loan Party. Any
document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

  
 8 

 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of Capital Stock having ordinary voting power for the election of directors or other governing body (other than Capital Stock having such power only by reason of the
happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references
herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., 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. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark to market value(s) for such Swap Contracts, as determined based upon one or more mid market or other readily available quotations provided by any
recognized dealer in such Swap Contracts (which may include U.S. Bank or any Affiliate of U.S. Bank). 
 “Taxes” means
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. 

“Term Loan” has the meaning specified in Section 2.1. 

“Term Loan Commitment” means the obligation of U.S. Bank to make the Term Loan to the Borrower on the Closing Date. The
principal amount of the Term Loan Commitment as in effect on the Closing Date is $100,000,000. 
 “Threshold Amount”
means $50,000,000. 
 “Treasury Management Agreement” means any agreement governing the provision of treasury or cash
management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting
and trade finance services and other cash management services. 

  
 9 

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

“U.S. Bank’s Office” means U.S. Bank’s address and, as appropriate, account as set forth on Schedule 8.2 or such
other address or account as U.S. Bank may from time to time give notice of to the Borrower. 
 “Voting Stock” means,
with respect to any Person, Capital Stock issued by such Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even
though the right so to vote has been suspended by the happening of such a contingency. 
  

	1.2	Other Interpretive Provisions. 

 With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words
of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 
 (ii) Article, Section, Exhibit and Schedule references are to the Loan Document in which such reference appears. 
 (iii) The term “including” is by way of example and not limitation. 
 (iv) 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. 
 (b) In the computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and including.” 

(c) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall
not affect the interpretation of this Agreement or any other Loan Document. 
  

	1.3	References to Agreements and Laws. 

 Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all
subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and
(b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

  
 10 

	1.4	Times of Day. 

Unless otherwise specified, all references herein to times of day shall be references to Pacific time (daylight or standard, as
applicable). 
 ARTICLE II 
 THE COMMITMENTS AND CREDIT EXTENSIONS 
  

	2.1	Term Loan. 

Subject to the terms and conditions set forth herein, U.S. Bank agrees to make a term loan (the “Term Loan”) to the
Borrower in Dollars in a single Borrowing on the Closing Date, in an amount equal to the Term Loan Commitment. Amounts repaid on the Term Loan may not be reborrowed. The Term Loan may consist of Base Rate Loans or Eurocurrency Rate Loans, as further
provided herein; provided that any Borrowing of a Eurocurrency Rate Loan on the Closing Date shall be subject to receipt by U.S. Bank of a funding indemnity letter in form and substance reasonably acceptable to U.S. Bank. 

 

	2.2	Borrowings, Conversions and Continuations of Loans. 

 (a) The Borrowing of the Term Loan on the Closing Date, each conversion of Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon the Borrower’s
irrevocable notice to U.S. Bank, which may be given by telephone. The notice of the Borrowing of the Term Loan on the Closing Date must be received not later than 10:00 am (i) three days prior to the Closing Date if such Borrowing will be made
as a Eurocurrency Rate Loan, and (ii) on the Closing Date, if such Borrowing will be made as a Base Rate Loan, and, in each case, shall be in a principal amount equal to the Term Loan Commitment. Each notice of conversion of Loans from one Type
to the other, and each continuation of Eurocurrency Rate Loans must be received by U.S. Bank not later than 10:00 a.m. three Business Days prior to the requested date. Each conversion to or continuation of Eurocurrency Rate Loans shall be in a
principal amount of $3,000,000 or a whole multiple of $500,000 in excess thereof. Each conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Each telephonic notice by the
Borrower pursuant to this Section 2.2(a) must be confirmed promptly by delivery to U.S. Bank of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Loan Notice (whether telephonic or
written) shall specify (i) whether the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, and
(v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of a Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the
applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans.
If the Borrower requests a conversion to, or continuation of Eurocurrency Rate Loans in any Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Following receipt of a Loan
Notice, U.S. Bank shall promptly notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation of Loans, in each case as described immediately above. 

  
 11 

 (b) Upon satisfaction of the conditions set forth in
Section 5.1, U.S. Bank shall make all funds available to the Borrower either by (i) crediting the account of the Borrower on the books of U.S. Bank with the amount of such funds or (ii) wire transfer of such funds, in each case
in accordance with instructions provided to (and reasonably acceptable to) U.S. Bank by the Borrower. 
 (c)
Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of the Interest Period for such Eurocurrency Rate Loan. During the existence of a Default or Event of Default, no Loans may be requested
as, converted to or continued as Eurocurrency Rate Loans without the consent of U.S. Bank. 
 (d) U.S. Bank shall
promptly notify the Borrower of the interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate by U.S. Bank shall be conclusive in the absence of
manifest error. At any time that Base Rate Loans are outstanding, U.S. Bank shall notify the Borrower of any change in U.S. Bank’s prime rate used in determining the Base Rate promptly following the public announcement of such change.

 (e) After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all
continuations of Loans as the same Type, there shall not be more than four Interest Periods in effect with respect to the Term Loans. 
  

	2.3	Voluntary Prepayments. 

 The Borrower may, upon notice from the Borrower to U.S. Bank, at any time or from time to time voluntarily prepay the Term Loan in whole or in part without premium or penalty; provided that
(A) such notice must be received by U.S. Bank not later than 10:00 a.m. (i) three (3) Business Days prior to any date of prepayment of Eurocurrency Rate Loans and (ii) on the date of prepayment of Base Rate Loans; (B) any
such prepayment of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding) and (C) any prepayment of Base Rate
Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment and the
Type(s) of Loans to be prepaid. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency
Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.5. 
  

	2.4	Termination of Commitments. 

 Upon the Borrowing of the Term Loan on the Closing Date, the Term Loan Commitment shall automatically terminate. 
  

	2.5	Repayment of Loans. 

The Borrower shall repay the outstanding principal amount of the Term Loan on the last Business Day of each fiscal quarter of the
Borrower, beginning with the fourth fiscal quarter of fiscal year 2013, in equal installments of $1,250,000, with the aggregate outstanding principal amount of the Term Loan due and payable in full on the Maturity Date. 

  
 12 

	2.6	Interest. 

 (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to
the Base Rate plus the Applicable Rate. 
 (b) Upon the occurrence and during the continuation of an Event of
Default, the Borrower shall pay interest on the principal amount of all outstanding Obligations at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such
other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

 

	2.7	Computation of Interest and Fees. 

 (a) All computations of the Base Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the
basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall
not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.9(a), bear interest for one
day. Each determination by U.S. Bank of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (b) If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower or U.S. Bank determines that (i) the Consolidated
Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall, without
duplication, immediately and retroactively be obligated to pay to U.S. Bank promptly on demand by U.S. Bank (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the
United States, automatically and without further action by U.S. Bank), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period.
This paragraph shall not limit the rights of the Lenders under 2.6(b) or under Article VII. The Borrower’s obligations under this paragraph shall survive the termination of the Commitments of U.S. Bank and the repayment of
all other Obligations hereunder. 
  

	2.8	Evidence of Debt. 

The Term Loan shall be evidenced by one or more accounts or records maintained by U.S. Bank in the ordinary course of business. The
accounts or records maintained by U.S. Bank shall be conclusive absent manifest error of the amount of the Loan made by U.S. Bank to 

  
 13 

 
the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay
any amount owing with respect to the Obligations. On the Closing Date, Borrower shall execute and deliver to U.S. Bank a promissory note in a form reasonably acceptable to U.S. Bank (the “Note”). U.S. Bank may attach schedules to
the Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. 
  

	2.9	Payments Generally. 

 (a) General. All payments to be made by the Borrower shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise
expressly provided herein, all payments by the Borrower hereunder shall be made to U.S. Bank, at U.S. Bank’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. All payments received by
U.S. Bank after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment
shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 
 (b) Funding Source. Nothing herein shall be deemed to obligate U.S. Bank to obtain the funds for any Loan in any particular place or manner or to constitute a representation by U.S. Bank that it
has obtained or will obtain the funds for any Loan in any particular place or manner. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 
  

	3.1	Taxes. 

 If any
payments to any Lender under this Agreement or any Loan Document are made from outside the United States, the Borrower will not deduct any foreign Taxes from any payments it makes to such Lender. If any such Taxes are imposed on any payments made by
the Borrower under this Agreement or any Loan Document (including payments under this Section), the Borrower will pay such Taxes and will also pay to any Lender, at the time interest is paid, any additional amount which such Lender specifies as
necessary to preserve the after-tax yield that such Lender would have received if such Taxes had not been imposed. The Borrower will confirm that it has paid such Taxes by giving any such Lender official tax receipts (or notarized copies) within
thirty (30) days after the due date. 
  

	3.2	Illegality. 

 If
any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender to make, maintain or fund Eurocurrency Rate Loans, or to determine or charge interest rates based upon the
Eurocurrency Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the applicable interbank market, then, on notice thereof by such Lender to the
Borrower, (i) any obligation of such Lender to make or continue Eurocurrency Rate Loans or to convert Base Rate Loans to Eurocurrency Rate Loans shall be suspended and (ii) if such notice asserts the illegality of such Lender making or
maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurocurrency Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be
determined by such 

  
 14 

 
Lender without reference to the Eurocurrency Rate component of the Base Rate, in each case until such Lender notifies the Borrower that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender, prepay or convert all such Eurocurrency Rate Loans to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if
necessary to avoid such illegality, be determined without reference to the Eurocurrency Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate
Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurocurrency
Rate, such Lender shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurocurrency Rate component thereof until it is no longer illegal for such Lender to determine or charge interest
rates based upon the Eurocurrency Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 
  

	3.3	Inability to Determine Rates. 

 If U.S. Bank determines that for any reason in connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof that (a) deposits are not being offered to banks in
the applicable offshore interbank market for the applicable amount and Interest Period of such Eurocurrency Rate Loan, (b) adequate and reasonable means do not exist for determining the Eurocurrency Base Rate for any requested Interest Period
with respect to a proposed Eurocurrency Rate Loan or in connection with an existing or proposed Base Rate Loan, or (c) the Eurocurrency Base Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan does not
adequately and fairly reflect the cost to any Lender of funding such Loan, then U.S. Bank will promptly notify the Borrower. Thereafter, (x) the obligation of the applicable Lender to make or maintain Eurocurrency Rate Loans shall be suspended
and (y) in the event of a determination described in the preceding sentence with respect to the Eurocurrency Rate component of the Base Rate, the utilization of the Eurocurrency Rate component in determining the Base Rate shall be suspended, in
each case, until U.S. Bank revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing, conversion or continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have converted such
request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 
  

	3.4	Increased Costs. 

 (a) Increased Costs Generally. If any Change in Law shall: 

(i) subject any Lender to any Taxes (excluding Taxes on such Lender’s overall income or franchise Taxes) or changes
the basis of taxation of payments to any such Lender (other than with respect to Taxes on such Lender’s overall income or franchise Taxes) in respect of any Eurocurrency Rate Loan; 

(ii) impose, modify or deem applicable any reserve, assessment, 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 Eurocurrency Rate); or 

  
 15 

 (iii) impose on any Lender or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Loans made by such Lender; 
 and the result of any of the
foregoing shall be to increase the cost to such Lender of making or maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender hereunder
(whether of principal, interest or any other amount) then, within 10 days of demand by such Lender, the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction
suffered. 
 (b) Capital Requirements. If any Lender determines that any Change in Law affecting such
Lender or such Lender’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a
consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then, within 10 days of demand by such Lender, the Borrower will pay to such Lender such additional amount or amounts as will
compensate such Lender or such Lender’s holding company for any such reduction suffered. 
 (c)
Certificates for Reimbursement. A certificate of any Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this
Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

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

	3.5	Funding Losses. 

 Upon
demand of any Lender from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the
last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or 

  
 16 

 (b) any failure by the Borrower (for a reason other than the failure of such
Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower. 
 including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits
from which such funds were obtained or from the performance of any foreign exchange contract. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by the Borrower to any under this Section 3.5, such Lender shall be deemed to
have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Base Rate used in determining the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank eurodollar market for such currency for a
comparable amount and for a comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded. 

Notwithstanding anything to the contrary contained herein, the Borrower shall not be required to make any payments to any Lender pursuant
to this Section 3.5 relating to any loss, cost or expense incurred by the Lender more than 180 days prior to such Lender’s request for any additional payment or compensation pursuant to this Section 3.5. 

 

	3.6	Mitigation Obligations. 

 (a) If any Lender requests compensation under Section 3.4 or if any Lender gives notice pursuant to Section 3.2, then such Lender shall, as applicable, use reasonable efforts to
designate a new lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.4, in the future, or eliminate the need for the notice pursuant to Section 3.2, as applicable, and (ii) in each case, would not subject
such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by such Lender in connection with any such designation or
assignment. 
 (b) Replacement of Lenders. If any Lender requests compensation under Section 3.4, the
Borrower may replace such Lender in accordance with Section 8.14. 
  

	3.7	Survival. 

 All of
the Borrower’s obligations under this Article III shall survive termination of the Commitments and the repayment of all other Obligations hereunder. 
 ARTICLE IV 
 GUARANTY 

 

	4.1	The Guaranty. 

 (a) Each of the Guarantors hereby jointly and severally guarantees to the Lenders, each Affiliate of any Lender that enters into a Swap Contract, and each Affiliate of any Lender that enters into a
Treasury Management Agreement, as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in 

  
 17 

 
full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in accordance with the terms thereof. The Guarantors hereby further agree that if any
of the Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and
that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration or otherwise) in accordance with the
terms of such extension or renewal. 
 (b) Notwithstanding any provision to the contrary contained herein or in
any other of the Loan Documents, Swap Contracts or Treasury Management Agreements, the obligations of each Guarantor under this Agreement and the other Loan Documents shall not exceed an aggregate amount equal to the largest amount that would not
render such obligations subject to avoidance under applicable Debtor Relief Laws. 
  

	4.2	Obligations Unconditional. 

 The obligations of the Guarantors under Section 4.1 are joint and several, absolute and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of any of
the Loan Documents, Swap Contracts or Treasury Management Agreements, or other documents relating to the Obligations, or any substitution, release, impairment or exchange of any other guarantee of or security for any of the Obligations, and, to the
fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it being the intent of this Section 4.2
that the obligations of the Guarantors under this Article IV shall be absolute and unconditional under any and all circumstances. Each Guarantor agrees that such Guarantor shall have no right of subrogation, indemnity, reimbursement or
contribution against the Borrower or any other Guarantor for amounts paid under this Article IV until such time as the Obligations have been paid in full. Without limiting the generality of the foregoing, it is agreed that, to the
fullest extent permitted by Law, the occurrence of any one or more of the following shall not alter or impair the liability of any Guarantor hereunder, which shall remain absolute and unconditional as described above: 

(i) at any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with
any of the Obligations shall be extended, or such performance or compliance shall be waived; 
 (ii) any of the
acts mentioned in any of the provisions of any of the Loan Documents, any Swap Contract between any Loan Party and any of the Lenders, or any Affiliate of any of the Lenders, or any Treasury Management Agreement between any Loan Party and any of the
Lenders or any Affiliate of any of the Lenders, or other documents relating to the Obligations shall be done or omitted; 
 (iii) the maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or amended in any respect, or any right under any of the Loan Documents, any
Swap Contract between any Loan Party and any of the Lenders, or any Affiliate of any of the Lenders, or any Treasury Management Agreement between any Loan Party and any of the Lenders, or any Affiliate of any of the Lenders, or other documents
relating to the Obligations shall be waived or any other guarantee of any of the Obligations or any security therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with; 

  
 18 

 (iv) any Lien granted to, or in favor of, any of the Lenders or any other
holder of the Obligations as security for any of the Obligations shall fail to attach or be perfected; or 
 (v)
any of the Obligations shall be determined to be void or voidable (including, without limitation, for the benefit of any creditor of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of
any Guarantor). 
 With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment,
demand of payment, protest and all notices whatsoever, and any requirement that any of the Lenders or any other holder of the Obligations exhaust any right, power or remedy or proceed against any Person under any of the Loan Documents, any Swap
Contract between any Loan Party and any of the Lenders, or any Affiliate of any of the Lenders or any Treasury Management Agreement between any Loan Party and any of the Lenders, or any Affiliate of any of the Lenders or any other document relating
to the Obligations, or against any other Person under any other guarantee of, or security for, any of the Obligations. 
  

	4.3	Reinstatement. 

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

	4.4	Certain Additional Waivers. 

 Each Guarantor agrees that such Guarantor shall have no right of recourse to security for the Obligations, except through the exercise of rights of subrogation pursuant to Section 4.2 and
through the exercise of rights of contribution pursuant to Section 4.6. 
  

	4.5	Remedies. 

 The
Guarantors agree that, to the fullest extent permitted by law, as between the Guarantors, on the one hand, and the Lenders and the other holders of the Obligations, on the other hand, the Obligations may be declared to be forthwith due and payable
as specified in Section 7.2 (and shall be deemed to have become automatically due and payable in the circumstances specified in said Section 7.2) for purposes of Section 4.1 notwithstanding any stay, injunction or
other prohibition preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or the Obligations being deemed to have become
automatically due and payable), the Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Guarantors for purposes of Section 4.1. 

  
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	4.6	Rights of Contribution. 

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

	4.7	Guarantee of Payment; Continuing Guarantee. 

 The guarantee in this Article IV is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations whenever arising. 

ARTICLE V 

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 
  

	5.1	Conditions of Initial Borrowing. 

 The obligation of U.S. Bank to make the Term Loan hereunder is subject to satisfaction of the following conditions precedent: 

(a) Loan Documents. Receipt by U.S. Bank of executed counterparts of this Agreement and the other Loan Documents,
each properly executed by a Responsible Officer of the signing Loan Party. 
 (b) Opinions of Counsel.
Receipt by U.S. Bank of a favorable opinion of in-house legal counsel of the Borrower, addressed to U.S. Bank, dated as of the Closing Date, and in form and substance satisfactory to U.S. Bank. 

(c) Financial Statements. U.S. Bank shall have received: 

(i) consolidated financial statements of the Borrower and its Subsidiaries for the fiscal year ended January 1, 2012
including balance sheet and income and cash flow statements, in each case, audited by independent public accountants of recognized national standing and prepared in conformity with GAAP; and 

(ii) unaudited consolidated financial statements of the Borrower and its Subsidiaries for the six month period ending
July 1, 2012, including balance sheet and statements of income or operations, shareholders’ equity and cash flows. 
 (d) No Material Adverse Change. There shall not have occurred a material adverse change since January 1, 2012 in the business, assets, Properties, liabilities (actual or contingent),
operations or condition (financial or otherwise) of the Borrower and its Subsidiaries taken as a whole. 
 (e)
Litigation. There shall not exist any action, suit, investigation or proceeding against the Borrower or any Subsidiary pending or, to the knowledge of the Borrower, threatened in any court or before an arbitrator or Governmental Authority
that could reasonably be expected to have a Material Adverse Effect. 

  
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 (f) Organization Documents, Resolutions, Etc. Receipt by U.S. Bank of
the following, each of which shall be originals or facsimiles (followed promptly by originals), in form and substance reasonably satisfactory to U.S. Bank and its legal counsel: 

(i) copies of the Organization Documents of each Loan Party certified by a secretary or assistant secretary of such Loan
Party to be true and correct as of the Closing Date; 
 (ii) such certificates of resolutions or other action,
incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as U.S. Bank may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in
connection with this Agreement and the other Loan Documents to which such Loan Party is a party; and 
 (iii)
such documents and certifications as U.S. Bank may reasonably require to evidence that each Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its jurisdiction of organization or
formation. 
 (g) Closing Certificate. Receipt by U.S. Bank of a certificate signed by a Responsible
Officer of the Borrower certifying that the conditions specified in Sections 5.1(d), (e), (i) and (j) have been satisfied. 
 (h) Fees. Receipt by U.S. Bank of any fees required to be paid on or before the Closing Date. 
 (i) Representations and Warranties. The representations and warranties of the Borrower and each other Loan Party contained herein or any other Loan Document shall be true and correct in all
material respects on and as of the Closing Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and
except that the representations and warranties contained in subsections (a) and (b) of Section 6.05 of the Existing Revolving Credit Agreement (and incorporated herein by reference pursuant to Article VI hereof) shall be deemed to
refer to the statements furnished pursuant to Section 5.1(c). 
 (j) No Default. No Default
shall exist, or would result from the Borrowing of the Term Loan on the Closing Date or from the application of the proceeds thereof. 
 ARTICLE VI 
 REPRESENTATIONS, WARRANTIES AND COVENANTS 

The representations and warranties contained in Article VI of the Existing Revolving Credit Agreement (the “Incorporated
Representations”) and the affirmative and negative covenants contained in Articles VII and VIII, respectively, of the Existing Revolving Credit Agreement (the “Incorporated Covenants”) are incorporated herein by reference
mutatis mutandis for the benefit of the Lenders to the same extent and with the same effect as if set forth fully herein (such incorporation to include all other relevant provisions of the Existing Revolving Credit Agreement related thereto,
including without limitation the defined terms contained in Article I thereof which are used in the Incorporated Representations and the Incorporated Covenants and the applicable “Schedules” to the Existing Revolving Credit Agreement;
provided  

  
 21 

 
that all references therein to the “Compliance Certificate”, the “Joinder Agreement”, a “Default” or an “Event of Default” shall be deemed to refer to such
terms as defined herein) and if the Existing Revolving Credit Agreement is terminated, then such representations, warranties and covenants contained in the Existing Revolving Credit Agreement as of such termination (taking into account any
amendments thereto in accordance with the definition of Existing Revolving Credit Agreement) shall continue to be the Incorporated Representations and Incorporated Covenants hereunder. 

ARTICLE VII 

EVENTS OF DEFAULT AND REMEDIES 
  

	7.1	Events of Default. 

Any of the following shall constitute an Event of Default: 

(a) Non-Payment. The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein,
any amount of principal of any Loan, or (ii) within five Business Days after the same becomes due, any interest on any Loan, or any fee due hereunder, or any other amount payable hereunder or under any other Loan Document; or 

(b) Specific Covenants. The Borrower fails to perform or observe any term, covenant or agreement contained in any
of Section 7.01, 7.02, 7.03, 7.05(a), 7.10, 7.11, or 7.12 or Article VIII of the Existing Revolving Credit Agreement (as such provisions are incorporated herein by reference in accordance with Article VI hereof); or 

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty days after the earlier of (i) a Responsible Officer obtaining actual knowledge of such default
or (ii) the Borrower receiving written notice of such default from U.S. Bank (any such written notice to be identified as a “notice of default” and to refer specifically to this Section 7.1(c)); or 

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

 (e) Cross-Default. (i) The Borrower or any Subsidiary (A) fails to make any payment when due
(whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder, Indebtedness under Swap Contracts and Indebtedness under the Existing Revolving
Credit Agreement) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or
(B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors
under any combined or syndicated credit arrangement) of more than the Threshold Amount or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to
cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of 

  
 22 

 
such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to
become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable;
(ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the Borrower or any Subsidiary is the Defaulting Party (as
defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which the Company or any Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the
Borrower or such Subsidiary as a result thereof is greater than the Threshold Amount; or (iii) an “Event of Default” (as defined in the Existing Revolving Credit Agreement) occurs under the Existing Revolving Credit Agreement.

 (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Subsidiaries institutes or consents to
the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment
continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and
continues undismissed or unstayed for sixty calendar days, or an order for relief is entered in any such proceeding; or 
 (g) Inability to Pay Debts; Attachment. (i) The Borrower or any Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or
(ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty days after its issue or
levy; or 
 (h) Judgments. There is entered against the Borrower or any Subsidiary (i) one or more
final judgments or orders for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or more
non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, there is a period of thirty (30) consecutive days during which such judgment is
not vacated, satisfied or discharged or a stay of enforcement of such judgment, by reason of a pending appeal posting of bond or otherwise, is not in effect; or 
 (i) If (i) any Plan shall fail to satisfy the minimum funding standards of ERISA or the Internal Revenue Code for any plan year or part thereof or a waiver of such standards or extension of any
amortization period is sought or granted under Section 412 of the Code, (ii) a notice of intent to terminate any Plan shall have been or is reasonably expected to be filed with the PBGC or the PBGC shall have instituted proceedings under
Section 4042 of ERISA to terminate or appoint a trustee to administer any Plan or the PBGC shall have notified the Borrower or any ERISA Affiliate that a Plan may become a subject of any such proceedings, (iii) the aggregate “amount
of unfunded benefit liabilities” (within the meaning of Section 4001(a)(18) of ERISA) under all Plans, determined in accordance with Title IV of ERISA, shall exceed $150,000,000, (iv) the Borrower or any ERISA Affiliate shall have
incurred or is reasonably expected to incur 

  
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any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to Plans, or (v) the Borrower or any ERISA Affiliate withdraws from any
Multiemployer Plan; provided that any such event or events described in clauses (i) through (v) above, either individually or together with any other such event or events, would reasonably be expected to have a Material Adverse
Effect; or 
 (j) Invalidity of Loan Documents. Any Loan Document, at any time after its execution and
delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect or fails to give the Lenders the rights, powers and privileges purported to be created by
the Loan Documents; or any Loan Party or any other Person on behalf of a Loan Party contests in any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any
Loan Document, or purports to revoke, terminate or rescind any Loan Document; or 
 (k) Change of Control.
There occurs any Change of Control. 
  

	7.2	Remedies Upon Event of Default. 

 If any Event of Default occurs and is continuing, with the consent of the Required Lenders, U.S. Bank may take any or all of the following actions: 

(a) declare the commitment of U.S. Bank to make Loans to be terminated, whereupon such commitment shall be terminated;

 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and
all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; and

 (c) exercise all rights and remedies available to it and under the Loan Documents or applicable law;

 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower
under the Bankruptcy Code of the United States, all obligations of all Lenders to make Loans shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically
become due and payable without further act of any of the Lenders. 
 ARTICLE VIII 

MISCELLANEOUS 
  

	8.1	Amendments, Etc. 

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

  
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 (a) Extend, increase, or reinstate the Commitment (it being understood that
a waiver of any condition precedent set forth in Article V, or of any Event of Default, or of any mandatory reduction in the Commitment is not considered an extension or increase in the Commitment) without the consent of 100% of the Lenders;

 (b) Postpone any date fixed by this Agreement or any other Loan Document for any payment of principal,
interest, fees, or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; 

(c) Reduce the principal of, or the rate of interest applicable to, the Term Loan, or any fees or other amounts payable
under any of the Loan Documents without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive
any obligation of any Borrower to pay interest at the Default Rate; 
 (d) Change any provision of this Section
or the definition of “Required Lenders” or any other provision of any of the Loan Documents specifying the number or percentage of Lenders required to amend, waive, or otherwise modify any rights under any of the Loan Documents or make any
determination or grant any consent under any of the Loan Documents without the consent of 100% of the Lenders; or 
 (e) Release the Borrower or any other Loan Party or, except in connection with expressly permitted mergers, consolidations, or dispositions, all or substantially all of the Guarantors, from its or their
obligations under any of the Loan Documents without the written consent of each Lender directly affected thereby. 
  

	8.2	Notices; Effectiveness; Electronic Communication. 

 (a) General. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other
communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail, sent by telecopier or by electronic mail as follows, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 8.2 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. 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 or electronic mail 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 pursuant to this subsection (a) delivered through electronic communications shall be effective as provided in subsection (b), and to the extent provided in
subsection (b) below, shall be effective as provided in such subsection (b). 
 (b) Unless the Lender
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 

  
 25 

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

	8.3	No Waiver; Cumulative Remedies. 

 No failure by the Lender to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder 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. 
  

	8.4	Expenses; Indemnity; Damage Waiver. 

 (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Lender and its Affiliates (including the reasonable fees, charges and disbursements of
external counsel for the Lender), in connection with the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof
(whether or not the transactions contemplated hereby or thereby shall be consummated), provided, however, that, except as agreed to in a letter agreement of approximately the same date as this Agreement, notwithstanding the foregoing, the Borrower
shall have no obligation to pay the reasonable fees, charges and disbursements of external counsel for U.S. Bank in connection with the preparation, negotiation, execution and delivery of this Agreement and the other Loan Documents executed and
delivered on the Closing Date, (ii) all reasonable out-of-pocket expenses incurred by the Lenders (including the fees, charges and disbursements of any counsel for the Lenders), 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, or (B) in connection with the Loans made hereunder, including all such reasonable out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans. 
 (b) Indemnification by the Borrower.
The Borrower shall indemnify the Lenders and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses (including the reasonable fees, charges and disbursements of any counsel for any Indemnitee), incurred by any 

  
 26 

 
Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or
delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions
contemplated hereby or thereby, (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of
its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee, (y) result from a claim brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the
Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) are based on any theory of liability for punitive damages. 

(c) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, no Loan Party shall
assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this
Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be
liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic, internet or other information transmission systems in connection with the Loans,
this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 
  

	8.5	Payments Set Aside. 

To the extent that any payment by or on behalf of any Loan Party is made to the Lenders, or any Lender exercises its right of set-off, and
such payment or the proceeds of such set-off 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 Lender in its discretion) to be
repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such set-off had not occurred. 
  

	8.6	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 neither the Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Required Lenders and the Lenders may not assign

  
 27 

 
or otherwise transfer any of their respective rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, or
(ii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (c) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, and, to the extent expressly contemplated hereby, the Related Parties of the
Lender) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments
by the Lenders. The Lenders may at any time assign to one or more Eligible Assignees all or a portion of their respective rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment and
the Loans at the time owing to it) pursuant to documentation acceptable to U.S. Bank, the applicable Lender, and the assignee. From and after the effective date specified in such documentation, such Eligible Assignee shall be a party to this
Agreement and, to the extent of the interest assigned, shall have the rights and obligations of a Lender under this Agreement, and the assigning Lender shall, to the extent of the interest so assigned, be released from its obligations under this
Agreement (and, in the case of an assignment covering all of the assigning Lender’s rights and obligations under this Agreement, such assigning Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 3.1, 3.2, 3.3 and 8.4 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, the Borrower (at its expense) shall execute and deliver a promissory note to
the assignee in form and substance substantially identical to the Note. 
 (c) Certain Pledges. Any Lender
may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under the Note) 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. 

 

	8.7	Confidentiality. 

Each Lender agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential
nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any regulatory authority; (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal
process provided, however, that such Lender will give the Borrower as soon as reasonably practicable prior notice of any such requirement or subpoena so that the Borrower may seek a protective order or other appropriate remedy to prevent such
disclosure unless such applicable law or regulation or subpoena expressly provides that no such prior notice shall be given to the Borrower; (d) to any other party to this Agreement; (e) in connection with the exercise of any remedies
hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any Eligible Assignee
or any prospective Eligible Assignee of any of its rights or obligations under this Agreement or (ii) any direct or indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s or prospective
counterparty’s professional advisor) to any credit derivative transaction relating to obligations of the Loan Parties; (g) with 

  
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the consent of the Borrower; (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section, (ii) becomes available to such
Lender on a nonconfidential basis from a source other than the Borrower who was not known by such Lender to be bound by a confidentiality agreement or legal obligation of confidentiality with respect to such information or (iii) is
independently developed by such Lender without the use of confidential information; or (i) to the National Association of Insurance Commissioners or any other similar organization or any nationally recognized rating agency that requires access
to information about such Lender’s or its Affiliates’ investment portfolio in connection with ratings issued with respect to such Lender or its Affiliates. In addition, the Lenders may disclose the existence of this Agreement and
information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers to the Lenders in connection with the administration and management of this Agreement, the other Loan Documents, and
the Loans. For the purposes of this Section, “Information” means all information received from any Loan Party relating to any Loan Party or its business, other than any such information that is available to a Lender on a nonconfidential
basis prior to disclosure by any Loan Party; provided that, in the case of information received from a Loan Party after the date hereof, such information is clearly identified in writing 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 reasonable degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. 
  

	8.8	Setoff. 

 In
addition to any rights and remedies of the Lenders provided by law, upon the occurrence and during the continuance of any Event of Default, each of the Lenders and each of their respective Affiliates is authorized at any time and from time to time,
without prior notice to the Borrower or any other Loan Party, any such notice being waived by the Borrower (on its own behalf and on behalf of each Loan Party) to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held by, and other indebtedness (in whatever currency) at any time owing by, such Lender to or for the credit or the account of the respective Loan Parties against any and all
Obligations owing to such Lender hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or not the Lender shall have made demand under this Agreement or any other Loan Document and although such Obligations
may be contingent or unmatured or denominated in a currency different from that of the applicable deposit or indebtedness. The rights of the Lenders and their respective Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that the Lenders or their respective Affiliates may have. The Lenders agrees to notify the Borrower promptly after any such setoff and application, provided that the failure to give such notice shall not affect the
validity of such set off and application. 
  

	8.9	Interest Rate Limitation. 

 Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest
permitted by applicable Law (the “Maximum Rate”). If any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid
principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by any Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law,

  
 29 

 
(a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize,
prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 
  

	8.10	Counterparts. 

This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. 
  

	8.11	Integration. 

 This
Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of
any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of any of the Lenders in any
other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in
accordance with the fair meaning thereof. 
  

	8.12	Survival of Representations and Warranties. 

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

 

	8.13	Severability. 

 If
any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be
affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the
illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

 

	8.14	Replacement of Lenders.  

 If (i) any of the Lenders requests compensation under Section 3.4 or (ii) a Lender (a “Non Consenting Lender”) does not consent to a proposed change, waiver, discharge or
termination with respect to any Loan Document that has been approved by the Required Lenders as provided in Section 8.1 but requires unanimous consent of all Lenders or all Lenders directly affected thereby (as applicable), then the Borrower
may, at its sole expense and effort, upon notice to such Lender, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 8.6), all of its

  
 30 

 
interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be any of the other Lenders if such
Lender accepts such assignment), provided that: 
 (a) such Lender shall have received payment of an amount equal
to one hundred percent (100%) of the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.5) from
the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 
 (b) in the case of any such assignment resulting from a claim for compensation under Section 3.4, such assignment will result in a reduction in such compensation or payments thereafter; 

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

(d) in the case of any such assignment resulting from a Non Consenting Lender’s failure to consent to a proposed
change, waiver, discharge or termination with respect to any Loan Document, the applicable replacement bank, financial institution or Fund consents to the proposed change, waiver, discharge or termination. 

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

	8.15	Governing Law; Jurisdiction, Etc. 

 (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, the LAW OF THE STATE OF NEW YORK applicable to agreements made and to be performed entirely within such
State; PROVIDED THAT THE LENDERS SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
 (b) SUBMISSION
TO JURISDICTION. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK, NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF
SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH PARTY HERETO IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO.
EACH PARTY HERETO WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 

  
 31 

	8.16	Waiver of Right to Trial by Jury. 

 EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR
INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND
EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY
COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
  

	8.17	No Advisory or Fiduciary Responsibility. 

 In connection with all aspects of each transaction contemplated hereby, the Loan Parties each acknowledge and agree that: (i) the credit facilities provided for hereunder and any related services
performed in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Loan Parties and their respective
Affiliates, on the one hand, and the Lenders, on the other hand, and each of the Loan Parties is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, each Lender is and has been acting solely as a principal and is not the financial
advisor, agent or fiduciary, for the Loan Parties or any of their respective Affiliates, stockholders, creditors or employees or any other Person; (iii) no Lender has assumed, or will assume, an advisory, agency or fiduciary responsibility in
favor of any Loan 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 Loan Document (irrespective of whether
such Lender has advised or is currently advising any of the Loan Parties or any of their respective Affiliates on other matters) and no Lender has any obligation to any of the Loan Parties or any of their respective Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that
differ from those of the Loan Parties and their respective Affiliates, and the Lenders have no obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) no Lender has provided, or 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 Loan Document) and each Loan Party has consulted its
own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each Loan Party hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against the Lenders with respect to any
breach or alleged breach of agency or fiduciary duty; provided, however, that nothing in this Section 8.16 releases any of the Lenders from fraudulent conduct. 

  
 32 

	8.18	USA PATRIOT Act Notice. 

 U.S. Bank hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is
required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow U.S. Bank to identify the Borrower in accordance with the Act.

 [SIGNATURE PAGES FOLLOW] 

  
 33 

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

			
	 TELEDYNE TECHNOLOGIES INCORPORATED,
 a Delaware corporation

		
	By:	 	 /s/ Dale A. Schnittjer

	Name:	 	Dale A. Schnittjer
	Title:	 	 Senior Vice President and Chief
 Financial Officer

GUARANTORS: 
  

			
	 TELEDYNE BROWN ENGINEERING, INC.,
 a Delaware corporation

		
	By:	 	 /s/ Stephen F. Blackwood

	Name:	 	Stephen F. Blackwood
	Title:	 	Vice President and Treasurer
	
	 TELEDYNE INSTRUMENTS, INC.,
 a Delaware corporation

		
	By:	 	 /s/ Dale A. Schnittjer

	Name:	 	Dale A. Schnittjer
	Title:	 	Senior Vice President and Chief
		 	Financial Officer
	
	 TELEDYNE SCIENTIFIC & IMAGING, LLC,
 a Delaware limited liability company

		
	By:	 	 /s/ Dale A. Schnittjer

	Name:	 	Dale A. Schnittjer
	Title:	 	Senior Vice President
	
	 TELEDYNE LECROY, INC.,
 a Delaware corporation

		
	By:	 	 /s/ Dale A. Schnittjer

	Name:	 	Dale A. Schnittjer
	Title:	 	Senior Vice President

 [signature page 1 of 2 to Loan Agreement] 

  
 34 

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

			
	U.S. BANK NATIONAL ASSOCIATION, as Lender
		
	By:	 	 /s/ Marty McDonald

	Name:	 	Marty McDonald
	Title:	 	Assistant Vice President

 [signature page 2 of 2 to Loan Agreement] 

  
 -35-

 Schedule 8.2 
 CERTAIN ADDRESSES FOR NOTICES 
 U.S. Bank’s Office 

Marty McDonald 
 U.S. Bank National Corporate
Banking 
 950 17th Street, 3rd Floor, Denver, CO 80202 
 tel 303.585.6014 
 fax 303.585.8866 
 c.mcdonald@usbank.com 
 For borrowing notices please copy: 

U.S. Bank National Association 
 Commercial Loan
Servicing West 
 Attn: Complex Credits Department 
 555 SW Oak St., 7th Floor 
 Portland, OR 97204 

tel (503) 275-8188 
 fax (866) 721-7062

 Complex.credits.portland@usbank.com 
 LOAN PARTIES: 
 Borrower: 
 Teledyne Technologies Incorporated 
 Attn: Stephen F. Blackwood 

1049 Camino Dos Rios 
 Thousand Oaks, California
91360 
 Phone: 805-373-4415 

Facsimile: 805-373-4450 
 Email:
sblackwood@teledyne.com 
 -with a copy to (which shall not constitute notice) 
 Teledyne Technologies Incorporated 
 Attn: Melanie S. Cibik 

1049 Camino Dos Rios 
 Thousand Oaks, California
91360 
 Phone: 805-373-4605 

Facsimile: 805-373-4610 
 Email:
mcibik@teledyne.com 
 -and 

 Robert Vernon, Esq. 
 McGuireWoods LLP 
 201 North Tryon Street, Suite 3000 

Charlotte, North Carolina 28202 
 Phone:
704-373-8850 
 Facsimile: 704-353-6175 

Email: rvernon@mcguirewoods.com 

Guarantors: 
 Teledyne Brown
Engineering, Inc. 
 Attn: Janice L. Hess 
 300 Sparkman Drive NW 
 Huntsville, Alabama 35805 

Phone: 256-726-1414 
 Facsimile: 256-726-3114

 Email: jan.hess@tbe.com 
 -with a
copy to (which shall not constitute notice) 
 Teledyne Technologies Incorporated 
 Attn: Melanie S. Cibik 
 1049 Camino Dos Rios 

Thousand Oaks, California 91360 
 Phone:
805-373-4605 
 Facsimile: 805-373-4610 

Email: mcibik@teledyne.com 
 -and

 Robert Vernon, Esq. 
 McGuireWoods
LLP 
 201 North Tryon Street, Suite 3000 
 Charlotte, North Carolina 28202 
 Phone: 704-373-8850 

Facsimile: 704-353-6175 
 Email:
rvernon@mcguirewoods.com 

 Teledyne Instruments, Inc. 
 Attn: Stephen F. Blackwood 
 1049 Camino Dos Rios 

Thousand Oaks, California 91360 
 Phone:
805-373-4415 
 Facsimile: 805-373-4450 

Email: sblackwood@teledyne.com 
 -with a copy to
(which shall not constitute notice) 
 Teledyne Technologies Incorporated 
 Attn: Melanie S. Cibik 
 1049 Camino Dos Rios 

Thousand Oaks, California 91360 
 Phone:
805-373-4605 
 Facsimile: 805-373-4610 

Email: mcibik@teledyne.com 
 -and

 Robert Vernon, Esq. 
 McGuireWoods
LLP 
 201 North Tryon Street, Suite 3000 
 Charlotte, North Carolina 28202 
 Phone: 704-373-8850 

Facsimile: 704-353-6175 
 Email:
rvernon@mcguirewoods.com 
 Teledyne Scientific & Imaging, LLC 
 Attn: Stephen F. Blackwood 
 1049 Camino Dos Rios 

Thousand Oaks, California 91360 
 Phone:
805-373-4415 
 Facsimile: 805-373-4450 

Email: sblackwood@teledyne.com 
 -with a copy to
(which shall not constitute notice) 
 Teledyne Technologies Incorporated 
 Attn: Melanie S. Cibik 
 1049 Camino Dos Rios 

Thousand Oaks, California 91360 
 Phone:
805-373-4605 
 Facsimile: 805-373-4610 

Email: mcibik@teledyne.com 
 -and

 Robert Vernon, Esq. 
 McGuireWoods LLP 
 201 North Tryon Street, Suite 3000 

Charlotte, North Carolina 28202 
 Phone:
704-373-8850 
 Facsimile: 704-353-6175 

Email: rvernon@mcguirewoods.com 

Teledyne LeCroy, Inc. 
 Attn: Sean
O’Connor 
 700 Chestnut Ridge Road 

Chestnut Ridge, NY 10977-6499 

Phone: 845-578-6102 

Facsimile: 845-578-5989 

Email: sean.oconnor@lecroy.com 

-with a copy to (which shall not constitute notice) 
 Teledyne Technologies Incorporated 
 Attn: Melanie S. Cibik 

1049 Camino Dos Rios 
 Thousand Oaks, California
91360 
 Phone: 805-373-4605 

Facsimile: 805-373-4610 

Email: mcibik@teledyne.com 
 and

 Robert Vernon, Esq. 
 McGuireWoods
LLP 
 201 North Tryon Street, Suite 3000 
 Charlotte, North Carolina 28202 
 Phone: 704-373-8850 

Facsimile: 704-353-6175 
 Email:
rvernon@mcguirewoods.com 

 EXHIBIT A 

FORM OF LOAN NOTICE 
 Date:             , 201     
  

	To:	U.S. Bank National Association 

  

	Re:	Loan Agreement (as amended, modified, supplemented and extended from time to time, the “Loan Agreement”) dated as of October
[    ], 2012, among Teledyne Technologies Incorporated, a Delaware corporation (the “Borrower”), the Guarantors identified therein and U.S. Bank National Association. Capitalized terms used but not otherwise
defined herein have the meanings provided in the Loan Agreement. 

 Ladies and Gentlemen: 

The undersigned hereby requests (select one): 
  

	 	 ̈	A Borrowing of the Term Loan 

  

	 	 ̈	A conversion or continuation of Loans 

  

	 	1.	 On             , 201     (which is a Business Day).1 

 

	 	2.	 In the amount of $            .2 

  

	 	3.	 Comprised of             .3 

 [Type of Loan requested] 
  

	 	4.	For Eurocurrency Rate Loans: with an Interest Period of . 

 [With respect to the Borrowing of the Term Loan on the Closing Date requested herein, the Borrower hereby represents and warrants that each of the conditions set forth in Section 5.1 of the Loan
Agreement has been satisfied on and as of the Closing Date.] 
  

			
	TELEDYNE TECHNOLOGIES INCORPORATED,
	a Delaware corporation
		
	By:	 	  

	Name:	 	
	Title:	 	

  
  

	1 	 To be the Closing Date for the Borrowing of the Term Loan. 

	2 	 To be in the amount of the Term Loan Commitment for the Borrowing of the Term Loan on the Closing Date. Conversions and continuations shall be in
minimum amounts of (a) $3,000,000 and a whole multiple of $500,000 in excess thereof, in the case of Eurocurrency Rate Loans and (b) $1,000,000 and a whole multiple of $500,000 in excess thereof, in the case of Base Rate Loans.

	3 	 Select Eurocurrency Rate or Base Rate, as appropriate. 

 EXHIBIT B 

FORM OF COMPLIANCE CERTIFICATE 
 Financial Statement Date:             , 20     

 

	To:	U.S. Bank National Association (“U.S. Bank”) 

  

	Re:	Loan Agreement (as amended, modified, supplemented and extended from time to time, the “Loan Agreement”) dated as of October
[    ], 2012, among Teledyne Technologies Incorporated, a Delaware corporation (the “Borrower”), the Guarantors identified therein and U.S. Bank National Association. Capitalized terms used but not otherwise
defined herein have the meanings provided in the Loan Agreement. 

 Ladies and Gentlemen: 

The undersigned Responsible Officer hereby certifies as of the date hereof that [he/she] is the
                    of the Borrower, and that, in [his/her] capacity as such, [he/she] is authorized to execute and deliver this Certificate to U.S.
Bank on behalf of the Borrower, and that: 
 [Use following paragraph 1 for fiscal year-end financial statements:] 

[1. Attached hereto as Schedule 1 are the year-end audited financial statements required by Section 7.01(a) of the Existing
Revolving Credit Agreement (as such provision is incorporated in the Loan Agreement by reference in accordance with Article VI of the Loan Agreement) for the fiscal year of the Borrower ended as of the above date, together with the report and
opinion of an independent certified public accountant required by such section.] 
 [Use following paragraph 1 for fiscal quarter-end financial
statements:] 
 [1. Attached hereto as Schedule 1 are the unaudited financial statements required by Section 7.01(b) of
the Existing Revolving Credit Agreement (as such provision is incorporated in the Loan Agreement by reference in accordance with Article VI of the Loan Agreement) for the fiscal quarter of the Borrower ended as of the above date. Such
financial statements fairly present in all material respects the financial condition, results of operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP as at such date and for such period, subject only to normal
year-end audit adjustments and the absence of footnotes.] 
 2. The undersigned has reviewed and is familiar with the terms of the Loan
Agreement and has made, or has caused to be made, a detailed review of the transactions and condition (financial or otherwise) of the Borrower during the accounting period covered by the attached financial statements. 

3. No Default or Event of Default exists under the Loan Agreement. 
 4. The representations and warranties of the Loan Parties contained in the Loan Agreement (including those representations and warranties incorporated in the Loan Agreement by reference in accordance with
Article VI of the Loan Agreement) or any other Loan Document, are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in
which case they are true and correct in all material 

 
respects as of such earlier date, and except that for purposes of this Compliance Certificate, the representations and warranties contained in subsections (a) and (b) of
Section 6.05 of the Existing Revolving Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 7.01 of the Existing Revolving Credit Agreement
(in each case, as such provisions are incorporated in the Loan Agreement by reference in accordance with Article VI of the Loan Agreement), including the statements in connection with which this Compliance Certificate is delivered.

 5. The financial covenant analyses and information set forth on Schedule 2 hereto are true and accurate on and as of the date of
this Certificate. 
 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
            , 201    . 
  

			
	TELEDYNE TECHNOLOGIES INCORPORATED,
	a Delaware corporation
		
	By:	 	  

	Name:	 	
	Title:	 	

 Schedule 2 

 

									
	1.	 	Consolidated Net Debt to EBITDA Ratio	  	
				
		 	(a)	 	Consolidated Net Debt	  	
					
		 		 	(i)	  	Consolidated Funded Indebtedness	  	$            
					
		 		 	(ii)	  	unencumbered cash and Cash Equivalents of the Borrower and its Domestic Subsidiaries in excess of $25,000,000, provided that the Total Revolving Outstandings are less
than$100,000,000	  	$            
					
		 		 	(iii)	  	 Consolidated Net Debt
 [(i)
– (ii)]
	  	$            
				
		 	(b)	 	Consolidated EBITDA	  	
					
		 		 	(i)	  	Consolidated Net Income	  	$            
					
		 		 	(ii)	  	Consolidated Interest Charges	  	$            
					
		 		 	(iii)	  	federal, state, local and foreign income taxes payable by the Borrower and its Subsidiaries	  	$            
					
		 		 	(iv)	  	depreciation and amortization expense	  	$            
					
		 		 	(v)	  	non-cash items that reduce Consolidated Net Income	  	$            
					
		 		 	(vi)	  	reasonably documented fees and expenses paid or payable in cash to unaffiliated third parties in connection with the transactions contemplated hereby and with any other issuances
of debt or equity permitted hereby, whether or not such issuances are successful	  	$            
					
		 		 	(vii)	  	reasonably documented fees and expenses paid or payable in cash to unaffiliated third parties in connection with Acquisitions or dispositions permitted hereby, whether or not
such acquisitions or dispositions are successful	  	$            
					
		 		 	(viii)	  	 Consolidated EBITDA
 [(i) +
(ii) + (iii) + (iv) + (v) + (vi) + (vii)]
	  	$            
				
		 	(c)	 	Consolidated Net Debt to EBITDA Ratio
 [(a)(iii) /
(b)(viii)]
	  	            :1.0
			
	2.	 	Consolidated Interest Coverage Ratio	  	
				
		 	(a)	 	Consolidated EBITDA (1(b)(viii) above)	  	$            
				
		 	(b)	 	Consolidated Interest Charges	  	
				
		 		 	 (i)     all interest, premium payments, debt discount, fees, charges and related expenses
of the Borrower
	  	

									
		 		 		 	and its Subsidiaries in connection with Indebtedness (including capitalized interest and other fees and charges incurred under any asset securitization program) or in connection
with the deferred purchase price of assets	  	$            
					
		 		 	(ii)	 	the portion of rent expense of the Borrower and its Subsidiaries with respect to such period under Capital Leases or Synthetic Leases that is treated as interest	  	$            
					
		 		 	(iii)	 	Consolidated Interest Charges	  	$            
		 		 		 	[(i) + (ii)]	  	
				
		 	(c)	 	Consolidated Interest Coverage Ratio	  	
		 		 		 	[(a) / (b)(iii)]	  	            :1.0

 Exhibit C 

FORM OF JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (the “Agreement”) dated as of             , 201    is by and between
                    , a                     (the
“Material Subsidiary”), and U.S. Bank National Association (“U.S. Bank”) under that certain Loan Agreement (as amended, modified, supplemented and extended from time to time, the “Loan Agreement”) dated as
of October [    ], 2012 among Teledyne Technologies Incorporated, a Delaware corporation (the “Borrower”), the Guarantors identified therein and U.S. Bank. Capitalized terms used herein and not otherwise defined
herein shall have the meanings assigned to such terms in the Loan Agreement. 
 The Loan Parties are required by
Section 7.12 of the Existing Revolving Credit Agreement (as such provision is incorporated in the Loan Agreement by reference in accordance with Article VI of the Loan Agreement) to cause the Material Subsidiary to become a
“Guarantor” thereunder. Accordingly, the Material Subsidiary hereby agrees as follows with the Lenders: 
 1. The
Material Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Material Subsidiary will be deemed to be a party to the Loan Agreement and a “Guarantor” for all purposes of the Loan Agreement, and
shall have all of the obligations of a Guarantor thereunder as if it had executed the Loan Agreement. The Material Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable
to the Guarantors contained in the Loan Agreement. Without limiting the generality of the foregoing terms of this paragraph 1, the Material Subsidiary hereby jointly and severally together with the other Guarantors, guarantees to the Lenders, as
provided in Article IV of the Loan Agreement, the prompt payment and performance of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in accordance with the terms thereof.

 2. The Material Subsidiary hereby represents and warrants to the Administrative Agent that the Material Subsidiary’s
exact legal name and state of formation are as set forth on the signature pages hereto. 
 3. The address of the Material
Subsidiary for purposes of all notices and other communications is the address designated for all Loan Parties on Schedule 8.2 to the Loan Agreement or such other address as the Material Subsidiary may from time to time notify U.S. Bank in writing.

 4. The Material Subsidiary hereby waives acceptance by the Lenders of the guaranty by the Material Subsidiary under Article
IV of the Loan Agreement upon the execution of this Agreement by the Material Subsidiary. 
 5. This Agreement may be executed
in multiple counterparts, each of which shall constitute an original but all of which when taken together shall constitute one contract. 
 6. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

 IN WITNESS WHEREOF, the Material Subsidiary has caused this Joinder Agreement to be duly
executed by its authorized officer, and U.S. Bank has caused the same to be accepted by its authorized officer, as of the day and year first above written. 

 

			
	[MATERIAL SUBSIDIARY]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Acknowledged and accepted: 
  

			
	U.S. Bank National Association
		
	By:	 	  

	Name:	 	
	Title:Amended and Restated 2008 Stock Option Plan

 Exhibit 10.1 
 CANCER GENETICS, INC. 
 AMENDED AND RESTATED 

2008 STOCK OPTION PLAN 
 1. Purposes of the Plan. The purposes of this Cancer Genetics, Inc. 2008 Stock Option Plan (the “Plan”) are to attract and retain the best available personnel for positions of
substantial responsibility, to provide additional incentive to Employees and Consultants and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as
determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated thereunder. 

2. Definitions. As used herein, the following definitions shall apply: 

(a) “Administrator” means the Board or its Committee appointed pursuant to Section 4 of the Plan. 

(b) “Affiliate” means an entity other than a Subsidiary (as defined below) which, together with the Company, is under
common control of a third person or entity. 
 (c) “Applicable Laws” means the legal requirements relating to
the administration of stock option and restricted stock purchase plans under federal and state corporate laws, federal and state securities laws, the Code, any Stock Exchange rules or regulations and the applicable laws of any other county or
jurisdiction where Options are granted under the Plan, as such laws, rules, regulations and requirements shall be in place from time to time. 
 (d) “Board” means the board of directors of the Company. 
 (e)
“Cause” for termination of a Participant’s Continuous Service Status will exist if the Participant is terminated for any of the following reasons: (i) Participant’s willful failure substantially to perform his or her
duties and responsibilities to the Company or any Subsidiary, Parent, Affiliate or successor thereto, as appropriate; (ii) Participant’s repeated unexplained or unjustified absence from the Company or any Subsidiary, Parent, Affiliate or
successor thereto, as appropriate; (iii) Participant’s commission of any act of fraud, embezzlement, dishonesty or any other willful and serious misconduct that has caused or is reasonably expected to result in material injury to the
Company or to any Subsidiary, Parent, Affiliate or successor thereto; (iv) unauthorized use or disclosure by Participant of any proprietary information or trade secrets of the Company or any other party to whom the Participant owes an
obligation of nondisclosure as a result of his or her relationship with the Company or a Subsidiary, Parent, Affiliate or successor thereto; or (v) Participant’s willful breach of any of his or her obligations under any written agreement
or covenant with the Company or with any Subsidiary, Parent, Affiliate or successor to the Company. The determination as to whether a Participant is being terminated for Cause shall be made in good faith by the Company or a Subsidiary, Parent,
Affiliate or successor thereto, as appropriate, and shall be final and binding on the Participant. If any agreement, by and between the Company 

  
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and any Employee or Consultant of the Company participating in the Plan, permits such Employee or Consultant to be terminated for “cause” by the Company for a reason other than one set
forth in the preceding sentence, then such other reason(s) are herein incorporated by reference with respect to such Employee or Consultant (and the remaining definitions of cause herein shall be nullified by their absence from such agreement). The
foregoing definition does not in any way limit the ability of the Company or a Subsidiary, Parent, Affiliate or successor thereto to terminate a Participant’s employment or consulting relationship at any time as provided in Section 5(d)
below. 
 (f) “Change of Control” means a sale of all or substantially all of the Company’s assets, or any
merger or consolidation of the Company with or into another corporation other than a merger or consolidation in which the holders of more than fifty percent (50%) of the shares of capital stock of the Company outstanding immediately prior to
such transaction continue to hold (either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the
voting securities of the Company, or such surviving entity, outstanding immediately after such transaction. 
 (g)
“Code” means the Internal Revenue Code of 1986, as amended. 
 (h) “Committee” means one or
more committees or subcommittees of the Board appointed by the Board to administer the Plan in accordance with Section 4 below. 
 (i) “Common Stock” means the common stock of the Company. 
 (j)
“Company” means Cancer Genetics, Inc., a Delaware corporation. 
 (k) “Consultant” means any
person, including an advisor, who is engaged by the Company or any Parent, Subsidiary or Affiliate to render services and is compensated for such services, and any director of the Company whether compensated for such services or not. 

(l) “Continuous Service Status” means the absence of any interruption or termination of service as an Employee or
Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted in the case of (i) sick leave, (ii) military leave, (iii) any other leave of absence approved by the Administrator, provided that
such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time or
(iv) transfers between locations of the Company or between the Company, its Parents, Subsidiaries, Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee will not
constitute an interruption of Continuous Service Status. 
 (m) “Corporate Transaction” means a sale of all or
substantially all of the Company’s assets, or a merger, consolidation or other capital reorganization of the Company with or into another corporation and includes a Change of Control. 

(n) “Director” means a member of the Board. 

  
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 (o) “Employee” means any person employed by the Company or any Parent,
Subsidiary or Affiliate, with the status of employment determined based upon such factors as are deemed appropriate by the Administrator in its discretion, subject to any requirements of the Code or the Applicable Laws. The payment by the Company of
a director’s fee to a Director shall not be sufficient to constitute “employment” of such Director by the Company. 
 (p) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (q) “Fair Market Value” means, as of any date, the fair market value of the Common Stock, as determined by the Administrator in good faith on such basis as it deems appropriate and
applied consistently with respect to Participants. 
 (r) “Incentive Stock Option” means an Option intended to
qualify as an incentive stock option within the meaning of Section 422 of the Code, as designated in the applicable Option Agreement. 
 (s) “Involuntary Termination” means termination of a Participant’s Continuous Services Status under the following circumstances: (i) termination without Cause by the Company or
a Subsidiary, Parent, Affiliate or successor thereto, as appropriate; or (ii) voluntary termination by the Participant following (A) an unreasonable and material reduction in the Participant’s job responsibilities, provided that
neither a mere change in title alone nor reassignment following a Change of Control to a position that is substantially similar to the position held prior to the Change of Control shall constitute a material reduction in job responsibilities, or
(B) a reduction in Participant’s then-current base salary, provided that an across-the-board reduction in the salary level of all other employees or consultants in positions similar to the Participant’s by the same percentage amount
as part of a general salary level reduction shall not constitute such a salary reduction. If any agreement, by and between the Company and any Employee or Consultant participating in the Plan, permits such Employee or Consultant to terminate such
agreement as a result of a breach by the Company other than one set forth in the preceding sentence, then such other reason(s) are herein incorporated by reference with respect to such Employee or Consultant. 

(t) “Named Executive” means any individual who, on the last day of the Company’s fiscal year, is the chief executive
officer of the Company (or is acting in such capacity) or among the four (4) most highly compensated officers of the Company (other than the chief executive officer). Such officer status shall be determined pursuant to the executive
compensation disclosure rules under the Exchange Act. 
 (u) “Nonstatutory Stock Option” means an Option not
intended to qualify as an Incentive Stock Option, as designated in the applicable Option Agreement. 
 (v)
“Option” means a stock option granted pursuant to the Plan. 
 (w) “Option Agreement” means a
written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of an Option granted under the Plan and includes any documents attached to or incorporated into such Option Agreement, including,
but not limited to, a notice of stock option grant and a form of exercise notice. 

  
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 (x) “Optioned Stock” means the Common Stock subject to an Option.
“Optionee” means an Employee or Consultant who receives an Option. 
 (z) “Parent” means a
“parent corporation,” whether now or hereafter existing, as defined in Section 424(c) of the Code, or any successor provision. 
 (aa) “Participant” means any holder of one or more Options, or the Shares issuable or issued upon exercise of such Options, under the Plan. 

(bb) “Plan” means this 2008 Stock Option Plan. 
 (cc) “Reporting Person” means an officer, Director, or greater than ten percent (10%) stockholder of the Company within the meaning of Rule 16a-2 under the Exchange Act, who is
required to file reports pursuant to Rule 16a-3 under the Exchange Act. 
 (dd) “Rule 16h-3” means Rule 16b-3
promulgated under the Exchange Act, as amended from time to time, or any successor provision. 
 (ee) “Share(s)”
means a share(s) of the Common Stock, as adjusted in accordance with Section 13 of the Plan. 
 (ff)
“Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code, or any successor provision. 

(gg) “Ten Percent Holder” means a person who owns stock representing more than ten percent (10%) of the voting power
or value of all classes of stock of the Company or any Parent or Subsidiary. 
 3. Stock Subject to the Plan. Subject to
the provisions of Section 12 of the Plan, the maximum aggregate number of Shares that may be sold under the Plan is two million seven hundred fifty thousand (2,750,000) shares of Common Stock. The Shares may be authorized, but unissued, or
reacquired Common Stock. If an award should expire or become unexercisable for any reason without having been exercised in full, the unpurchased Shares that were subject thereto shall, unless the Plan shall have been terminated, become available for
future grant under the Plan. In addition, any Shares which are retained by the Company upon exercise of an award in order to satisfy the exercise or purchase price for such award or any withholding taxes due with respect to such exercise or purchase
shall be treated as not issued and shall continue to be available under the Plan. Shares issued under the Plan and later repurchased by the Company pursuant to any repurchase right which the Company may have shall not be available for future grant
under the Plan. 
 4. Administration of the Plan. 
 (a) General. The Plan shall be administered by the Board or a Committee, or a combination thereof, as determined by the Board. The Plan may be administered by different administrative bodies with
respect to different classes of Participants and, if permitted by the Applicable Laws, the Board may authorize one or more officers to make awards under the Plan. 

  
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 (b) Committee Composition. If a Committee has been appointed pursuant to this
Section 4, such Committee shall continue to serve in its designated capacity until otherwise directed by the Board. From time to time the Board may increase the size of any Committee and, appoint additional members thereof, remove members (with
or without cause) and appoint new members in substitution therefor, fill vacancies (however caused) and remove all members of a Committee and thereafter directly administer the Plan, all to the extent permitted by the Applicable Laws and, in the
case of a Committee administering the Plan in accordance with the requirements of Rule 16b-3 or Section 162(m) of the Code, to the extent permitted or required by such provisions. 

(c) Powers of the Administrator. Subject to the provisions of the Plan and in the case of a Committee, the specific duties
delegated by the Board to such Committee, the Administrator shall have the authority, in its discretion: 
 (i)
to determine the Fair Market Value of the Common Stock, in accordance with Section 2(q) of the Plan, provided that such determination shall be applied consistently with respect to Participants under the Plan; 

(ii) to select the Employees and Consultants to whom Options may from time to time be granted; 

(iii) to determine whether and to what extent Options are granted; 

(iv) to determine the number of Shares to be covered by each award granted; 

(v) to approve the form(s) of agreement(s) used under the Plan; 

(vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any award granted hereunder,
which terms and conditions include but are not limited to the exercise or purchase price, the time or times when awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and
any restriction or limitation regarding any Option, Optioned Stock or restricted stock issued upon exercise of an Option, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

(vii) to determine whether and under what circumstances an Option may be settled in cash under Section 9(c) instead
of Common Stock; 
 (viii) to adjust the vesting of an Option held by an Employee or Consultant as a result of a
change in the terms or conditions under which such person is providing services to the Company; 
 (ix) to
construe and interpret the terms of the Plan and awards granted under the Plan, which constructions, interpretations and decisions shall be final and binding on all Participants; and 

  
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 (x) in order to fulfill the purposes of the Plan and without amending the
Plan, to modify grants of Options to Participants who are foreign nationals or employed outside of the United States in order to recognize differences in local law, tax policies or customs. 

(d) Repricing. Notwithstanding anything to the contrary herein, the Committee may, in its sole discretion, reprice any Option
without the approval of the stockholders of the Company. For this purpose, “reprice” means (i) any of the following or any other action that has the same effect: (A) lowering the exercise price of any Option after it is granted,
(B) any other action that is treated as a repricing under U.S. generally accepted accounting principles (“GAAP”), or (C) cancelling an Option at a time when its exercise price exceeds the Fair Market Value of the
underlying capital stock, in exchange for another Option, unless that cancellation and exchange occurs in connection with a merger, acquisition, spin-off or other similar transaction; and (ii) any other action that is considered to be a
repricing under formal or informal guidance by The NASDAQ Stock Market. 
 5. Eligibility. 

(a) Recipients of Grants. Nonstatutory Stock Options may be granted to Employees and Consultants. Incentive Stock Options may be
granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options. 
 (b)
Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. 
 (c) ISO Limitation. Notwithstanding any designation under Section 5(b), to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock
Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), such excess Options shall be treated as Nonstatutory
Stock Options. For purposes of this Section 5(c), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as
of the date of the grant of such Option. 
 (d) No Employment Rights. The Plan shall not confer upon any Participant any
right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant’s right or the Company’s right to terminate his or her employment or consulting
relationship at any time, in accordance with applicable federal and state laws and any employment or consulting agreement, by and between the Employee or the Consultant and the Company. 

6. Term of Plan. The Plan shall become effective upon its adoption by the Board. It shall continue in effect for a term of ten
(10) years unless sooner terminated under Section 15 of the Plan. 
 7. Term of Option. The term of each Option
shall be the term stated in the Option Agreement; provided, that the term shall be no more than ten (10) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in
the case of an Incentive Stock Option granted to a person who at the time of such grant is a Ten Percent Holder, the term of the Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the Option
Agreement. 

  
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 8. Option Exercise Price and Consideration. 

(a) Exercise Price. The per Share exercise price for the Shares to be issued pursuant to exercise of an Option shall be such price
as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following: 
 (i) In
the case of an Incentive Stock Option 
 (A) granted to an Employee who at the time of grant is a Ten Percent
Holder, the per Share exercise price shall be no less than One Hundred Ten Percent (110%) of the Fair Market Value per Share on the date of grant; or 
 (B) granted to any other Employee, the per Share exercise price shall be no less than One Hundred Percent (100%) of the Fair Market Value per Share on the date of grant. 

(ii) In the case of a Nonstatutory Stock Option, the per share exercise price shall be no less than One Hundred Percent
(100%) of the Fair Market Value per Share on the date of grant. 
 (b) Permissible Consideration. The consideration
to be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant) and may consist
entirely of (i) cash; (ii) check; (iii) delivery of Optionee’s promissory note with such recourse, interest, security and redemption provisions as the Administrator determines to be appropriate (subject to the provisions of
Section 152 of the Delaware General Corporation Law); (iv) cancellation of indebtedness; (v) other Shares that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the
Option is exercised, provided that in the case of Shares acquired, directly or indirectly, from the Company, such Shares must have been owned by the Optionee for more than six (6) months on the date of surrender (or such other period as may be
required to avoid the Company’s incurring an adverse accounting charge); or (vi) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator shall consider
if acceptance of such consideration may be reasonably expected to benefit the Company and the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of any Option exercise. 

9. Exercise of Option. 
 (a) General. 
 (i) Exercisability. Any Option granted
hereunder shall be exercisable at such times and under such conditions as determined by the Administrator, consistent with the terms of the Plan and the Option Agreement, including vesting requirements

  
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and/or performance criteria with respect to the Company and/or the Optionee. The Administrator shall have the discretion to determine whether and to what extent the vesting of Options shall be
tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, vesting of Options shall be tolled during any such leave. 

(ii) Minimum Exercise Requirements. An Option may not be exercised for a fraction of a Share. The Administrator may
require that an Option be exercised as to a minimum number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number of Shares as to which the Option is then exercisable. 

(iii) Procedures for and Results of Exercise. An Option shall be deemed exercised when written notice of such
exercise has been given to the Company in accordance with the terms of the Option by the person entitled to exercise the Option and the Company has received full payment for the Shares with respect to which the Option is exercised. Full payment may,
as authorized by the Administrator, consist of any consideration and method of payment allowable under Section 8(b) of the Plan, provided that the Administrator may, in its sole discretion, refuse to accept any form of consideration at the time
of any Option exercise. 
 Exercise of an Option in any manner shall result in a decrease in the number of Shares
that thereafter may be available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 (iv) Rights as Stockholder. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to
vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to
the date the stock certificate is issued, except as provided in Section 13 of the Plan. 
 (b) Termination of Employment
or Consulting Relationship. Except as otherwise set forth in, this Section 9(b), the Administrator shall establish and set forth in the applicable Option Agreement the terms and conditions upon which an Option shall remain exercisable, if
at all, following termination of an Optionee’s Continuous Service Status, which provisions may be waived or modified by the Administrator at any time in the Administrator’s sole discretion. To the extent that the Optionee is not entitled
to exercise an Option at the date of his or her termination of Continuous Service Status, or if the Optionee (or other person entitled to exercise the Option) does not exercise the Option to the extent so entitled within the time specified in the
Option Agreement or below (as applicable), the Option shall terminate and the Optioned Stock underlying the unexercised portion of the Option shall revert to the Plan. In no event may any Option be exercised after the expiration of the Option term
as set forth in the Option Agreement (and subject to Section 7). 

  
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 The following provisions (1) shall apply to the extent an Option Agreement does not
specify the terms and conditions upon which an Option shall terminate upon termination of an Optionee’s Continuous Service Status, and (2) establish the minimum post-termination exercise periods that may be set forth in an Option
Agreement: 
 (i) Termination other than Upon Disability or Death. In the event of termination of an
Optionee’s Continuous Service Status, such Optionee may exercise an Option for thirty (30) days following such termination to the extent the Optionee was entitled to exercise it at the date of such termination. 

(ii) Disability of Optionee. In the event of termination of an Optionee’s Continuous Service Status as a
result of his or her disability (within the meaning of Section 22(e)(3) of the Code), such Optionee may exercise an Option at any time within one (1) year following such termination to the extent the Optionee was entitled to exercise it at
the date of such termination. 
 (iii) Death of Optionee. In the event of the death of an Optionee during
the period of Continuous Service Status since the date of grant of the Option, or within thirty (30) days following termination of Optionee’s Continuous Service Status, the Option may be exercised by Optionee’s estate or by a person
who acquired the right to exercise the Option by bequest or inheritance at any time within six (6) months following the date of death, but only to the extent of the right to exercise that had accrued at the date of death or, if earlier, the
date the Optionee’s Continuous Service Status terminated. 
 (c) Buy-out Provisions. The Administrator may at any
time offer to buy-out for a payment in cash or Shares an Option previously granted under the Plan based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made.

 10. Taxes. 
 (a) As a condition of the exercise of an Option granted under the Plan, the Participant (or in the case of the Participant’s death, the person exercising the Option) shall make such arrangements as
the Administrator may require for the satisfaction of any applicable federal, state, local or foreign withholding tax obligations that may arise in connection with the exercise of the Option and the issuance of Shares. The Company shall not be
required to issue any Shares under the Plan until such obligations are satisfied. If the Administrator allows the withholding or surrender of Shares to satisfy a Participant’s tax withholding obligations under this Section 10 (whether
pursuant to Section 10(c), (d) or (e), or otherwise), the Administrator shall not allow Shares to be withheld in an amount that exceeds the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes.

 (b) In the case of an Employee and in the absence of any other arrangement, the Employee shall be deemed to have directed the
Company to withhold or collect from his or her compensation an amount sufficient to satisfy such tax obligations from the next payroll payment otherwise payable after the date of an exercise of the Option. 

(c) If permitted by the Administrator, in its discretion, a Participant may satisfy his or her tax obligations upon exercise of an Option
by surrendering to the Company, Shares that have a Fair Market Value determined as of the applicable Tax Date equal to the 

  
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amount required to be withheld. In the case of shares previously acquired from the Company that are surrendered under this Section 10(c), such Shares must have been owned by the Participant
for more than six (6) months on the date of surrender (or such other period of time as is required for the Company to avoid adverse accounting charges). For purposes of this Section 10, the Fair Market Value of the Shares to be withheld
shall be determined on the date that the amount of tax to be withheld is to be determined under the Applicable Laws (the “Tax Date”). 
 (d) Any election or deemed election by a Participant to have Shares withheld to satisfy tax withholding obligations under Section 10(c) above shall be irrevocable as to the particular Shares as to
which the election is made and shall be subject to the consent or disapproval of the Administrator. Any election by a Participant under Section 10(c) above must be made on or prior to the applicable Tax Date. 

(e) In the event an election to have Shares withheld is made by a Participant and the Tax Date is deferred under Section 83 of the
Code because no election is filed under Section 83(b) of the Code, the Participant shall receive the full number of Shares with respect to which the Option is exercised but such Participant shall be unconditionally obligated to tender back to
the Company the proper number of Shares on the Tax Date. 
 11. Non-Transferability of Options. 

(a) General. Except as set forth in this Section 11, Options may not be sold, pledged, assigned, hypothecated, transferred or
disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by an Optionee will not constitute a transfer. An Option may be exercised, during the lifetime of the holder of an Option, only
by such holder or a transferee permitted by this Section 11. 
 (b) Limited Transferability Rights. Notwithstanding
anything else in this Section 11, the Administrator may in its discretion grant Nonstatutory Stock Options that may be transferred by instrument to an inter vivos or testamentary trust in which the Options are to be passed to beneficiaries upon
the death of the trustor (settlor) or by gift to “Immediate Family” (as defined below), on such terms and conditions as the Administrator deems appropriate. “Immediate Family” means any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, and shall include adoptive relationships. 
 12. Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions. 
 (a) Changes in Capitalization. Subject to any required action by the stockholders of the Company, the number of Shares of Common Stock covered by each outstanding Option, the numbers of Shares set
forth in Section 3 above, and the number of Shares of Common Stock that have been authorized for issuance under the Plan but as to which no Options have yet been granted or that have been returned to the Plan upon cancellation or expiration of
an Option, as well as the price per Share of Common Stock covered by each such outstanding Option, shall be proportionately adjusted for any increase or decrease in the number of issued Shares of Common Stock resulting from a stock split, reverse
stock split, stock 

  
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dividend, combination, recapitalization or reclassification of the Common Stock, or any other increase or decrease in the number of issued Shares of Common Stock effected without receipt of
consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Administrator,
whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect,
and no adjustment by reason thereof shall be made with respect to, the number or price of Shares of Common Stock subject to an Option. 
 (b) Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company, each Option will terminate immediately prior to the consummation of such action, unless otherwise
determined by the Administrator. 
 (c) Corporate Transactions; Change of Control. In the event of a Change of Control,
each outstanding Option shall be assumed or an equivalent option shall be substituted by the successor corporation or a Parent or Subsidiary of such successor corporation (such entity, the “Successor Corporation”), unless the Successor
Corporation does not agree to such assumption or substitution, in which case the vesting of each Option shall accelerate and the Options shall become exercisable in full (including with respect to Shares as to which an Option would not otherwise be
vested and exercisable) prior to consummation of the transaction at such time and on such conditions as the Administrator shall determine. To the extent an Option is not exercised prior to consummation of a Change of Control in which the vesting of
Options is being accelerated, such Option shall terminate upon such consummation and the Administrator shall notify the Optionee of such fact at least five (5) days prior to the date on which the Option terminates. 

In the event Plan awards are assumed or substituted in connection with a Change of Control and a Participant holding such an assumed or
substituted award experiences an Involuntary Termination within twenty-four (24) months following the Change of Control, any assumed or substituted Option held by the terminated Participant at the time of termination shall accelerate and become
exercisable in full (including with respect to any shares of stock then underlying the Option as to which the Option would not otherwise be vested and exercisable), immediately prior to the effective date of the Involuntary Termination. 

For purposes of this Section 12(c), an Option shall be considered assumed, without limitation, if, at the time of issuance of the
stock or other consideration upon or a Change of Control, each holder of an Option would be entitled to receive upon exercise of the Option the same number and kind of shares of stock or the same amount of property, cash or securities as such holder
would have been entitled to receive upon the occurrence of the transaction if the holder had been, immediately prior to such transaction, the holder of the number of Shares of Common Stock covered by the Option at such time (after giving effect to
any adjustments in the number of Shares covered by the Option as provided for in this Section 12); provided, however, that if the consideration received in the transaction is not solely common stock of the Successor Corporation,
the Administrator may, with the consent of the Successor Corporation, provide for the consideration to be received upon exercise of the Option to be solely common stock of the Successor Corporation equal to the Fair Market Value of the per Share
consideration received by holders of Common Stock in the transaction. 

  
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 (d) Accounting and Tax Treatment. 

(i) Limitation on Payments. In the event that the vesting acceleration or lapse of a repurchase right provided for
in Section 12(c) above (x) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (y) but for this Section 12(d)(i) would be subject to the excise tax imposed by Section 4999 of
the Code (or any corresponding provisions of state income tax law), then such vesting acceleration or lapse of a repurchase right shall be either 
 (A) delivered in full or 
 (B) delivered as to such lesser extent
which would result in no portion of such severance benefits subject to excise tax under Code Section 4999, 
 whichever of the foregoing
amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Code Section 4999, results in the receipt by the Participant on an after-tax basis of the greater amount of (i) acceleration or
(ii) lapse of repurchase rights benefits, notwithstanding that all or some portion of such benefits may be taxable under Code Section 4999. Any determination required under this Section 12(d) shall be made in writing by the
Company’s independent accountants, whose determination shall be conclusive and binding for all purposes on the Company and any affected Participant. In the event that (i)(A) above applies, then the Participant shall be responsible for any
excise taxes imposed with respect to such benefits. In the event that (i)(B) above applies, then each benefit provided hereunder shall be proportionately reduced to the extent necessary to avoid imposition of such excise taxes. 

13. Time of Granting Options. The date of grant of an Option shall, for all purposes, be the date on which the Administrator makes
the determination granting such Option, or such other date as is determined by the Administrator, provided that in the case of any Incentive Stock Option, the grant date shall be the later of the date on which the Administrator makes the
determination granting such Incentive Stock Option or the date of commencement of the Optionee’s employment relationship with the Company. Notice of the determination shall be given to each Employee or Consultant to whom an Option is so granted
within a reasonable time after the date of such grant. 
 14. Amendment and Termination of the Plan. 

(a) Authority to Amend or Terminate. The Board may at any time amend, alter, suspend or discontinue the Plan, but no amendment,
alteration, suspension or discontinuation (other than an adjustment pursuant to Section 13 above) shall be made that would materially and adversely affect the rights of any Optionee under any outstanding grant, without his or her consent. In
addition, to the extent necessary and desirable to comply with the Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required. 

(b) Effect of Amendment or Termination. No amendment or termination of the Plan shall materially and adversely affect Options
already granted, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. 

  
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 (c) Accounting Issues. Notwithstanding anything else to the contrary in this
Section 14, the Administrator may at any time amend or adjust the Plan or an outstanding award issued under the Plan without the consent of the affected Participant(s) if such amendment or adjustment is necessary to avoid the Company’s
incurring adverse accounting charges. 
 15. Conditions Upon Issuance of Shares. Notwithstanding any other provision of
the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with
the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. As a condition to the exercise of an Option, the Company may require the person exercising the award to represent and warrant at the time of
any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by law. 

16. Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of
Shares as shall be sufficient to satisfy the requirements of the Plan. 
 17. Agreements. Options shall be evidenced by
Option Agreements in such form(s) as the Administrator shall from time to time approve. 
 18. Stockholder Approval. If
required by the Applicable Laws, continuance of the Plan shall be subject to approval by the stockholders of the Company within twelve (12) months before or after the date the Plan is adopted. Such stockholder approval shall be obtained in the
manner and to the degree required under the Applicable Laws. 
 19. Information and Documents to Optionees. If required by
the Applicable Laws, the Company shall provide financial statements at least annually to each Optionee and to each individual who acquired Shares pursuant to the Plan, during the period such Optionee has one or more Options outstanding, and in the
case of an individual who acquired Shares pursuant to the Plan, during the period such individual owns such Shares. The Company shall not be required to provide such information if the issuance of Options under the Plan is limited to key employees
whose duties in connection with the Company assure their access to equivalent information. 
  
 ... 
 ADOPTION AND APPROVAL OF PLAN 

Date Plan adopted by Board: April 9, 2008 
 Date Plan approved by Stockholders: April 29, 2008 
 Effective Date of Plan:
April 9, 2008 
 Date Plan Amended and Restated by Board: October 12, 2012 

  
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