Document:

Amended and Restated Security Agreement

 Exhibit 10.3 
 AMENDED AND RESTATED 
 SECURITY AGREEMENT 

(Lakes Jamul - Development) 
 THIS SECURITY AGREEMENT (this “Agreement”) is made and entered into as of November 22, 2011, by and among Jamul Indian Village, a federally recognized Indian tribe whose chief
executive office and business office is located at P. O. Box 612, 14191 Highway 94 #16, Jamul, California 91925 (the “Tribe”), Jamul Gaming Authority, a tribal governmental instrumentality of the Tribe whose chief executive office
and business office is located at P. O. Box 612, 14191 Highway 94 #16, Jamul, California 91925 (the “Authority,” and, jointly and severally with the Tribe, individually and collectively, “Debtor”) and Lakes Jamul
Development, LLC, a Minnesota limited liability company, whose business office is located at 130 Cheshire Lane, Minnetonka, Minnesota 55305 (for itself and as agent for any of its Affiliates to which Secured Obligations are owed, “Secured
Party”). 
 RECITALS 
 Whereas, Debtor and Secured Party have entered into a Security Agreement dated as of January 17, 2006 (the “Existing Security Agreement”). 

Whereas, Debtor and Secured Party propose to enter into a Pre-Development, Development & Financing Arrangement Agreement
to be dated as of even date herewith (as hereafter from time to time amended, the “Development Agreement”). 

Whereas, Lakes and certain of its Affiliates have previously advanced funds to Debtor, and it is anticipated that, pursuant to the
Development Agreement, Lakes will, among other things, advance additional funds to Debtor. 
 Whereas, as a material
inducement to Secured Party to enter into the Development Agreement, Debtor has agreed to execute this Agreement in favor of Secured Party. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the above recitals and the
mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Defined Terms. Unless the context otherwise requires, capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Development Agreement.

 2. Creation of Security Interest. 
 (a) Debtor hereby assigns, pledges and grants to Secured Party, for and on behalf of Secured Party itself and its Affiliates, a security interest (the “Security Interest”) in the
Collateral to secure the payment and performance of the Secured Obligations (as hereinafter defined). 

 (b) In connection with the execution and delivery by Debtor of this Agreement, Debtor
(i) authorizes Secured Party to file in accordance with Section 6(g) hereof, or shall cause to be delivered to Secured Party, as the case may be, such financing statements and other documents, instruments or agreements necessary to perfect
the Security Interest (collectively, “Perfection Documents”), and (ii) promptly following Secured Party’s request therefor, shall cause to be delivered to Secured Party a legal opinion in form and substance reasonably
acceptable to Secured Party as to (A) the due authorization, execution, delivery and enforceability of this Agreement and the Perfection Documents by Debtor, (B) Debtor’s sovereign immunity waiver, (C) non-contravention of the
Transaction Documents with laws and other agreements, and (D) such other matters as Secured Party may reasonably request. 

3. Collateral. 
 (a) “Collateral” means, collectively, the following assets in which Debtor now or hereafter has any right, title or interest which are or are to be installed, attached, and/or used upon
or in connection with, relate to or arise from (including without limitation the ownership and/or operation of) the Project, the Gaming Facility and/or the Gaming Facility Site, each whether now owned or hereafter acquired: 

(i) all Furnishings and Equipment, exclusive of fixtures and any real estate or interest in real estate; 

in each case whether now owned or hereafter at any time acquired by Debtor and wherever located, and including all improvements, replacements, additions,
parts, appurtenances, accessions, substitutions, repairs, proceeds, products, offspring, rents and profits, license rights and software attached or relating thereto or therefrom, and all documents, records, ledger sheets and files of Debtor relating
thereto; together further with all proceeds thereof, including, without limitation (i) whatever is now or hereafter receivable or received by Debtor upon the sale, exchange, collection or other disposition of any item thereof, whether voluntary
or involuntary, whether such proceeds constitute equipment, intangibles, or other assets; (ii) any such items which are now or hereafter acquired by Debtor with any proceeds thereof hereunder; (iii) all warehouse receipts, bills of lading
and other documents of title now or hereafter covering such goods; and (iv) any insurance proceeds, condemnation awards or any payments under any indemnity, warranty or guaranty now or hereafter payable by reason of loss or damage or otherwise
with respect to any item thereof or any proceeds thereof. 
 (b) “Furnishings and Equipment” means all
furniture, furnishings and equipment required for the operation of the Gaming Facility, including, without limitation: 
 (i) cashier, money sorting and money counting equipment, surveillance and communication equipment, and security equipment; 

(ii) slot machines, video games of chance, table games, keno equipment and other gaming equipment; 

(iii) office furnishings and equipment; 

  
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 (iv) specialized equipment necessary for the operation of any portion of the
Gaming Facility for accessory purposes, including equipment for kitchens, laundries, dry cleaning, cocktail lounges, restaurants, public rooms, commercial and parking spaces, and recreational facilities; 

(v) hotel equipment, furniture and furnishings (to the extent a hotel is included in the Gaming Facility); and 

(vi) all other furnishings and equipment now or hereafter located and installed in or about the Gaming Facility which are
used in the operation of the Gaming Facility. 
 4. Secured Obligations of Debtor. 

(a) The Collateral secures the following (collectively, the “Secured Obligations”): each and every debt, liability and
obligation of every type and nature which Debtor may now or at any time hereafter owe to Lakes, to any Affiliate of Lakes or to Secured Party, whether now existing or hereafter created or arising, and whether direct or indirect, due or to become
due, absolute or contingent, or otherwise, including without limitation, all principal, interest, compensation, fees, expenses and other charges, obligations or amounts. 
 (b) The Secured Obligations include without limitation (i) each and every debt, liability and obligation of every type and nature which Debtor may now or at any time hereafter owe to Lakes, to any
Affiliate of Lakes or to Secured Party under or with respect to the Development Agreement, the Lakes Notes issued thereunder or otherwise referred to therein, this Agreement, or any other Transaction Document, (ii) without limiting the
generality of the foregoing clause (i), any and all sums advanced by Lakes, any Affiliate of Lakes or Secured Party in order to preserve the Collateral or preserve the Security Interest (or the priority thereof), and (iii) without limiting the
generality of the foregoing clauses (i) and (ii), any and all expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, of any proceeding for the collection or enforcement of
any debt, liability or obligation of Debtor referred to above, or of any exercise by Secured Party of its rights hereunder, together with reasonable attorneys’ fees and disbursements and court costs. 

(c) All payments and performance by Debtor with respect to any Secured Obligations shall be in accordance with the terms under which such
Secured Obligations were or are hereafter incurred or created. 
 5. Debtor’s Representations and Warranties.
Debtor represents and warrants that: 
 (a) each of the Tribe and the Authority is (or, with respect to Collateral acquired after
the date hereof, will be) the sole legal and beneficial owner of its respective Collateral and has exclusive possession and control thereof; there are no security interests in, liens, charges or encumbrances on, or adverse claims of title to, or any
other interest whatsoever in, such Collateral or any portion thereof except the Security Interest and other any other lien created by a Transaction Document or otherwise in favor of Secured Party (“Permitted Liens”); and no
financing statement, notice of lien, mortgage, deed of trust or instrument similar in effect covering the Collateral or any portion thereof or any proceeds thereof (each a “Lien Notice”) exists or is on file in any public office,
except as relates to Permitted Liens or for which duly executed termination statements have been delivered to Secured Party for filing; 

  
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 (b) Debtor has full right, power and authority to execute, deliver and perform this
Agreement. This Agreement constitutes a legally valid and binding obligation of Debtor, enforceable against Debtor in accordance with its terms subject to any limitations set forth in waivers of sovereign immunity adopted by the Authority and the
Tribe relating to and approving the Transaction Documents (the “Resolutions of Limited Waiver”). Subject to the completion of the items identified in Section 5(c) below, the provisions of this Agreement are effective to create
in favor of Secured Party a valid and enforceable first, prior and perfected security interest in the Collateral; 
 (c) except
for the filing or recording of the financing statements that are to be filed in connection with this Agreement, no authorization, approval or other action by, no notice to or registration or filing with, any person or entity, including without
limitation, any stockholder or creditor of Debtor or any governmental authority or regulatory body is required: (i) for the grant by Debtor of the Security Interest pursuant to this Agreement or for the execution, delivery or performance of
this Agreement by Debtor, (ii) for the perfection and maintenance of the Security Interest, including the first priority nature of the Security Interest, or the exercise by Secured Party of the rights and remedies provided for in this Agreement
(other than any required governmental consent or filing with respect to any patents, trademarks, copyrights, governmental claims, tax refunds, licenses or permits and the exercise of remedies requiring prior court approval), or (iii) for the
enforceability of the Security Interest against third parties, including, without limitation, judgment lien creditors; 
 (d)
Debtor does not do business, and for the previous five years has not done business, under any fictitious business names or trade names; 
 (e) the Collateral has not been and will not be used or bought by Debtor for personal, family or household purposes; 
 (f) Debtor’s chief executive office (the main place where each of the Tribe and the Authority manages the main part of its business operations or other affairs) is located at the address referenced
on the first page of this Agreement, Debtor has no places of business other than such address and the locations described on Exhibit A attached hereto, and the Collateral is now and will at all times hereafter be located at such premises, the
Gaming Facility Site referred to in the Development Agreement, or otherwise as Debtor may hereafter notify Secured Party in writing in accordance with the provisions of Section 6(a); 

(g) The true, correct, complete and only legal name of the Tribe is “Jamul Indian Village,” and the true, correct, complete and
only legal name of the Authority is “Jamul Gaming Authority,” and in each case such name is the only legal name of such party within the five-year period preceding the date hereof; the Tribe is an Indian tribe and the Authority is a
governmental instrumentality organized under the laws of the Tribe; neither Debtor has an organizational number; and neither the Tribe nor the Authority is a registered organization under the Uniform Commercial Code; 

  
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 (h) Debtor has not purchased any Collateral, other than for cash, within twenty-one
(21) days prior to the date hereof; 
 (i) all originals of all promissory notes, other instruments or chattel paper which
evidence Collateral (other than checks received by Debtor in the ordinary course of business) have been (or, with respect to such Collateral hereafter acquired, will be) delivered to Secured Party (with all necessary or appropriate endorsements);
and 
 (j) the execution, delivery and performance of this Agreement by Debtor, the consummation of the transactions herein
contemplated, the fulfillment of the terms hereof or the exercise by Secured Party of any rights or remedies hereunder will not (i) constitute or result in a breach of any of the terms or provisions of, or constitute a default under, or
constitute an event which with notice or lapse of time or both will result in a breach of or constitute a default under, any agreement, indenture, mortgage, deed of trust, equipment lease, instrument or other document to which Debtor is a party,
(ii) conflict with or require approval, authorization, notice or consent under any law, order, rule, regulation, license or permit applicable to Debtor of any court or any federal or state government, regulatory body or administrative agency,
or any other governmental body having jurisdiction over Debtor or its properties, or (iii) require notice, consent, approval or authorization by or registration or filing with any person or entity (including, without limitation, any stockholder
or creditor of Debtor) other than notices to Debtor from Secured Party required hereunder. Except for the Permitted Liens, none of the Collateral is subject to any agreement, indenture, mortgage, deed of trust, equipment lease, instrument or other
document to which Debtor is a party that may restrict or inhibit Secured Party’s rights or ability to sell or dispose of the Collateral or any part thereof after the occurrence of an Event of Default (as defined herein). 

6. Covenants of Debtor. Debtor covenants and agrees that: 

(a) Debtor will not move or permit to be moved the Collateral or any portion thereof to any location other than that set forth in
Section 5(f) hereof or locations established in compliance with Section 6(b) hereof without the prior filing of a financing statement with the proper office and in the proper form to perfect or continue the perfection (without loss of
priority) of the Security Interest, which filing shall be satisfactory in form, substance and location to Secured Party prior to such filing; 
 (b) Debtor will not voluntarily or involuntarily change its name, identity, corporate structure, or location of its chief executive office or any of its other places of business, unless in any such case:
(i) Secured Party shall have first received written notice of any such proposed change at least sixty (60) days prior to the date such change is proposed to be effective, (ii) Debtor shall have executed and caused to be filed, or
Secured Party pursuant to Section 6(g) shall have filed, financing statements with the proper offices and in the proper form to perfect or continue the perfection (without loss of priority) of the Security Interest, each of which filings shall
be satisfactory in form, substance and location to Secured Party prior to such filing, and (iii) Debtor shall have delivered to Secured Party any other documents required by Secured Party in a form and substance satisfactory to Secured Party;

 (c) [intentionally omitted]; 

  
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 (d) Debtor will promptly, and in no event later than twenty one (21) days after a
request by Secured Party, procure or execute and deliver all further instruments and documents (including, without limitation, notices, legal opinions, financing statements, mortgagee waivers, landlord disclaimers and subordination agreements)
necessary or appropriate to and take any other actions which are necessary or, in the judgment of Secured Party, desirable or appropriate to perfect or to continue the perfection, priority and enforceability of the Security Interest, to enable
Secured Party to exercise and enforce its rights and remedies hereunder with respect to any Collateral, to protect the Collateral against the rights, claims or interests of third persons, or to effect or to assure further the purposes and provisions
of this Agreement, and will pay all reasonable costs incurred in connection therewith. Without limiting the generality of the foregoing, Debtor will: (i) mark conspicuously each item of chattel paper and each other contract included in the
Collateral with a legend, in form and substance satisfactory to Secured Party, indicating that such chattel paper and other contracts are subject to the Security Interest; (ii) if required, execute and file such financing or continuation
statements, or amendments thereto, and such other instruments or notices as may be necessary or desirable, which Secured Party may reasonably request in order to perfect and preserve the perfection and priority of the Security Interest;
(iii) if any Collateral shall be evidenced by a promissory note or other instrument or chattel paper (other than checks received by any Debtor in the ordinary course of business), deliver and pledge to Secured Party such note or instrument or
chattel paper duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to Secured Party; (iv) if any Collateral is at any time in the possession or control of any
warehouseman, bailee, consignee or any of Debtor’s agents or processors, Debtor shall notify such warehouseman, bailee, consignee, agent or processor of the Security Interest, shall cause such warehouseman, bailee, consignee, agent or processor
to execute any financing statements or other documents which Secured Party may request, and, upon the request of Secured Party after the occurrence and during the continuation of an Event of Default, shall instruct such person to hold all such
Collateral for Secured Party’s account subject to Secured Party’s instructions; (v) deliver and pledge to Secured Party all securities and instruments (other than checks received by Debtor in the ordinary course of business)
constituting Collateral duly endorsed and accompanied by duly executed instruments of transfer or assignments, all in form and substance satisfactory to Secured Party; and (vi) at the request of Secured Party, deliver to Secured Party any and
all certificates of title, applications for title or similar evidence of ownership of all Collateral and shall cause Secured Party to be named as lienholder on any such certificate of title or other evidence of ownership; 

(e) without the prior written consent of Secured Party, Debtor will not in any way encumber, or hypothecate, or create or permit to exist,
any lien, security interest, charge or encumbrance or adverse claim upon or other interest in the Collateral, except for Permitted Liens, and Debtor will defend the Collateral against all claims and demands of all persons at any time claiming the
same or any interest therein, except as expressly provided herein. Debtor will not permit any Lien Notices to exist or be on file in any public office with respect to all or any portion of the Collateral except, in each case, for Lien Notices of
holders of Permitted Liens or except as may have been filed by or for the benefit of Secured Party. Debtor shall promptly notify Secured Party of any attachment or other legal process levied against any of the Collateral and any information received
by Debtor relative to the Collateral, which may in any material way affect the value of the Collateral or the rights and remedies of Secured Party in respect thereto; 

  
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 (f) without the prior written consent of Secured Party, Debtor will not sell, transfer,
assign (by operation of law or otherwise), exchange or otherwise dispose of all or any portion of the Collateral or any interest therein, except that Debtor may sell worn-out or obsolete equipment provided that the proceeds thereof are applied to
the Secured Obligations or used to purchase new collateral of equal or greater value and the Secured Party shall be granted a first priority security interest therein. Any notes, instruments, documents of title, letters of credit or chattel paper
constituting proceeds of any such disposition shall be promptly delivered to Secured Party to be held as Collateral hereunder (with all necessary or appropriate endorsements). If the Collateral, or any part thereof or interest therein, is sold,
transferred, assigned, exchanged, or otherwise disposed of in violation of these provisions, the Security Interest shall continue in such Collateral or part thereof notwithstanding such disposition, and Debtor will hold the proceeds thereof in a
separate account for Secured Party’s benefit. Debtor will, at Secured Party’s request, transfer such proceeds to Secured Party in kind; 
 (g) Debtor authorizes Secured Party to file one or more financing statements, continuations thereof and amendments thereto, relative to all or any part of the Collateral, without the signature of Debtor
where permitted by law, in each case in such form and substance as Secured Party may determine, and Debtor shall pay all filing, registration and recording fees in connection therewith; 

(h) Except as expressly permitted by the Development Agreement, Debtor will not enter into any indenture, mortgage, deed of trust,
contract, undertaking, document, instrument or other agreement, except for the Transaction Documents and any documents, instruments or agreements related thereto, or issue any securities which may materially restrict or inhibit Secured Party’s
rights or ability to sell or otherwise dispose of the Collateral or any part thereof after the occurrence of an Event of Default; 
 (i) Debtor shall cause to be maintained insurance on the Gaming Facility, the Project and the Collateral and related assets as required by the Development Agreement or otherwise with such coverages and in
such amounts as are reasonably satisfactory to Secured Party, including without limitation loss of business income coverage, and naming Secured Party as an additional insured, lender loss payee and mortgagee, if applicable. Upon request, Debtor
shall provide to the Secured Party certificates of insurance or copies of insurance policies evidencing that such insurance is in effect at all times; 
 (j) Except as may be expressly permitted by the Development Agreement, Debtor will pay and discharge all taxes, assessments and governmental charges or levies against the Collateral prior to delinquency
thereof and will keep the Collateral free of all unpaid claims and charges (including claims for labor, materials and supplies) whatsoever; 
 (k) Debtor will keep and maintain the Collateral in good condition, working order and repair and from time to time will make or cause to be made all repairs, replacements and other improvements in
connection therewith that are necessary or desirable toward such end. Debtor will not misuse or abuse the Collateral, or waste or allow it to deteriorate except for the ordinary wear and tear of its normal and expected use in Debtor’s business
in accordance with Debtor’s policies as then in effect (provided that no changes are made to Debtor’s policies as in effect on the date hereof that would be materially adverse to the interests of the Secured Party), and will comply with
all laws, statutes and regulations pertaining to the use or ownership of the Collateral. Debtor will promptly notify Secured Party regarding any material loss or damage to any material Collateral or portion thereof; 

  
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 (l) Debtor will take all actions consistent with reasonable business judgment or, upon the
occurrence of an Event of Default, directed by Secured Party in Secured Party’s sole and absolute discretion, to create, preserve and enforce any liens or guaranties available to secure or guaranty payments due Debtor under any contracts or
other agreements with third parties, will not voluntarily permit any such payments to become more than thirty (30) days delinquent and will in a timely manner record and assign to Secured Party, to the extent and at the earliest time permitted
by law, any such liens and rights to under such guaranties; 
 (m) [intentionally omitted]; 

(n) [intentionally omitted]; 
 (o) Secured Party shall have during normal business hours, with reasonable notice, the right to enter into and upon any premises where any of the Collateral or records with respect thereto are located for
the purpose of inspecting the same, performing any audit, making copies of records, observing the use of any part of the Collateral, or otherwise protecting the Security Interest; 

(p) Secured Party shall have the right at any time, but shall not be obligated, to make any payments and do any other acts Secured Party
may deem necessary or desirable to protect the Security Interest, including without limitation, after the occurrence of any Event of Default, the right to pay, purchase, contest or compromise any encumbrance, charge or lien (including any Permitted
Liens) applicable or purported to be applicable to any Collateral hereunder, and whether prior to or after the occurrence of any Event of Default, appear in and defend any action or proceeding purporting to affect the Security Interest or the value
of any Collateral, and in exercising any such powers or authority, the right to pay all expenses incurred in connection therewith, including attorneys’ fees. Debtor hereby agrees that it shall be bound by any such payment made or incurred or
act taken by Secured Party hereunder and shall reimburse Secured Party for all reasonable payments made and expenses incurred under this Agreement, which amounts shall be Secured Obligations secured under this Agreement. Secured Party shall have no
obligation to make any of the foregoing payments or perform any of the foregoing acts; 
 (q) if Debtor shall become entitled to
receive or shall receive any certificate, instrument, option or rights, whether as an addition to, in substitution of, or in exchange for any or all of the Collateral or any part thereof, or otherwise, Debtor shall accept any such instruments as
Secured Party’s agent, shall hold them in trust for Secured Party, and shall deliver them forthwith to Secured Party in the exact form received, with Debtor’s endorsement when necessary or appropriate, or accompanied by duly executed
instruments of transfer or assignment in blank or, if requested by Secured Party, an additional pledge agreement or security agreement executed and delivered by Debtor, all in form and substance satisfactory to Secured Party, to be held by Secured
Party, subject to the terms hereof, as additional Collateral to secure the Secured Obligations hereunder; 

  
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 (r) Secured Party is hereby authorized to pay all reasonable costs and expenses incurred in
the exercise or enforcement of its rights hereunder, including attorneys’ fees, and to apply any Collateral or proceeds thereof against such amounts, and then to credit or use any further proceeds of the Collateral in accordance herewith;
provided however that if Debtor is the prevailing party in any action or proceeding seeking enforcement of this Agreement, then Debtor shall not be and Secured Party shall be responsible for such related costs and expenses; and 

(s) Secured Party may take any actions permitted hereunder or in connection with the Collateral by or through agents or employees and
shall be entitled to retain counsel and to act in reliance upon the advice of counsel concerning all such matters. 
 7.
Defaults and Remedies 
 7.1 Events of Default. Each of the following occurrences shall constitute an
“Event of Default”: 
 (a) Any representation or warranty made by or on behalf of Debtor herein, in any of the
other Transaction Documents, or in any report, certificate or other document furnished by or on behalf of Debtor pursuant to this Agreement or any of the other Transaction Documents shall prove to have been false or misleading in any material
respect when made or at any time shall fail to be true and correct in all material respects. 
 (b) Debtor shall default in the
due observance or performance of any obligation hereunder and such default shall continue for thirty (30) days (unless a shorter or longer cure period is provided under the terms of this Agreement) after written notice thereof has been sent to
Debtor by Secured Party; provided, however, that if the nature of such default (but specifically excluding defaults curable by the payment of money) is such that it is not possible to cure such breach within such cure period, such cure period shall
be extended an additional reasonable period of time for so long as Debtor shall be using diligent efforts to effect a cure thereof but no more than an additional sixty (60) days. 

(c) A Material Breach by Debtor under the Development Agreement shall occur, any other Tribal Event of Default under the Development
Agreement shall occur, or a default, breach or event of default (howsoever defined) under any other Transaction Document shall occur, and the same shall have continued beyond any applicable grace or cure period. 

7.2 Remedies. Upon the occurrence and during the continuation of an Event of Default hereunder, Debtor expressly covenants
and agrees that Secured Party may, at its option, in addition to other rights and remedies provided herein or otherwise available to it, without notice to or demand upon Debtor (except as otherwise required herein), exercise anyone or more of the
rights as set forth as follows: 
 (a) declare all Secured Obligations to be immediately due and payable, whereupon all unpaid
principal and interest on such Secured Obligations shall become and be immediately due and payable; 

  
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 (b) if the Development Agreement is terminated and either (i) the Gaming Facility has
not opened for business to the general public, or (ii) Debtor does not or at any time fails to continue operations of Class II Gaming and/or Class III Gaming at the Gaming Facility or any material portion of the Project, Secured Party may
immediately take possession of any of the Collateral wherever it may be found or require Debtor to assemble the Collateral or any part thereof and make it available at one or more places as Secured Party may designate, and to deliver possession of
the Collateral or any part thereof to Secured Party, who shall have full right to enter upon any or all of Debtor’s places of business, premises and property to exercise Secured Party’s rights hereunder; and without notice (except as
specified below), sell the Collateral or any part thereof in one or more parcels at one or more public or private sales, at any of Secured Party’s offices or elsewhere, at such time or times, for cash, on credit or for future delivery, and at
such price or prices and upon such other terms as shall be commercially reasonable. Debtor acknowledges and agrees that, to the extent notice of sale shall be required by law, at least ten (10) days’ written notice to Debtor of the time
and place of any public sale or of the date on or after which any private sale is to be made shall constitute reasonable notification. Any public sale shall be held at such time or times during ordinary business hours and at such place or places as
Secured Party may fix in the notice of such sale. Notwithstanding the foregoing, Secured Party shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. Secured Party may, without notice or publication,
adjourn any public or private sale, or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale or, with respect to a private sale, after which such sale may take place, and any such sale may, without
further notice, be made at the time and place to which it was so adjourned or, with respect to a private sale, after which such sale may take place. Each purchaser at any such sale shall hold the property sold free from any claim or right on the
part of Debtor, and Debtor hereby waives, to the full extent permitted by law, all rights of stay and/or appraisal which Debtor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. Debtor
also hereby waives any claims against Secured Party arising by reason of the fact that the price at which any Collateral may have been sold at a private sale was less than the price which might have been obtained at a public sale, even if Secured
Party accepts the first offer received and does not offer such Collateral to more than one offeree. The parties hereto agree that the notice provisions, method, manner and terms of any sale, transfer or disposition of any Collateral in compliance
with the terms set forth herein or any other provision of this Agreement are commercially reasonable; 
 (c) exercise any or all
of the rights and remedies provided for by the Uniform Commercial Code, applicable law or by other agreement (other than any right to use or operate any of the Collateral in place, the exercise of which Secured Party hereby waives), specifically
including, without limitation, the right to recover attorneys’ fees and other expenses incurred by Secured Party in the enforcement of this Agreement or in connection with Debtor’s redemption of the Collateral; provided, however, that if
Debtor is the prevailing party in any action or proceeding seeking enforcement of this Agreement, then Debtor shall not be (and Secured Party shall be) responsible for such related costs and expenses. Secured Party may exercise its rights under this
Agreement independently of any other collateral or guaranty that Debtor may have granted or provided to Secured Party in order to secure payment and performance of the Secured Obligations, and Secured Party shall be under no obligation or duty to
foreclose or levy upon any other collateral given by Debtor to secure any Secured Obligation or to proceed against any guarantor before enforcing its rights under this Agreement. Debtor shall reimburse Secured

  
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Party upon demand for, or Secured Party may apply any proceeds of Collateral to, the reasonable costs and expenses (including attorneys’ fees, transfer taxes and any other charges) incurred
by Secured Party in connection with any sale, disposition, repair, replacement, alteration, addition, improvement or retention of any Collateral hereunder; provided, however, that if Debtor is the prevailing party in any action or proceeding seeking
enforcement of this Agreement, then Debtor shall not be (and Secured Party shall be) responsible for such related costs and expenses; 
 (d) the powers conferred on the Secured Party by this Section 7.2 and otherwise in this Agreement are solely to protect the Secured Party’s interests in the Collateral and shall not impose any
duty upon it to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither the Secured Party nor any of its officers, directors, trustees,
employees, representatives or agents shall, in the absence of willful misconduct or gross negligence, be responsible to Debtor for any act or failure to act pursuant to this Section 7.2 or otherwise pursuant to this Agreement; and 

(e) Secured Party’s sole duty with respect to the custody, safekeeping and preservation of the Collateral, under Section 9-207
of the Uniform Commercial Code or otherwise, shall be to deal with it in the same manner as the Secured Party deals with similar property for their own account. Neither the Secured Party nor any of its directors, officers, trustees, employees,
representatives, or agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request
of Debtor or otherwise. 
 8. Miscellaneous Provisions 

(a) Notices. All notices, requests, approvals, consents and other communications required or permitted to be made hereunder
shall, except as otherwise provided, be in writing and may be delivered personally or sent by telegram, telecopy, facsimile, telex, first class mail or overnight courier, postage prepaid, to the parties addressed as follows: 

 

			
	 If to Debtor:
	  	 Jamul Indian Village
 Jamul
Gaming Authority
 P. O. Box 612
 Jamul,
California 91935
 Attention: Chairman

		
	         With a copy to:
	  	 Eugene R. Madrigal, Esq.

28581 Old Town Front Street, Suite 208
 Temecula,
California 92590
 (copy to counsel does not constitute notice to a party)

		
	 If to Secured Party:
	  	 Lakes Jamul Development, LLC

130 Cheshire Lane
 Minnetonka, Minnesota
55305
 Attention: Timothy J. Cope

  
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	 With a copy to:
	  	 Damon E. Schramm
 General
Counsel
 Lakes Entertainment, Inc.
 130
Cheshire Lane
 Minnetonka, Minnesota 55305
 (copy to counsel does not constitute notice to a party)

		
	         and
	  	 Daniel R. Tenenbaum, Esq.

Gray, Plant, Mooty, Mooty & Bennett, P.A.

500 IDS Center
 80 South Eighth Street

Minneapolis, Minnesota 55402
 (copy to counsel
does not constitute notice to a party)

 Such notices, requests and other communications sent as provided hereinabove shall be effective when received by the
addressee thereof, unless sent by registered or certified mail, postage prepaid, in which case they shall be effective exactly three (3) business days after being deposited in the United States mail. The parties hereto may change their
addresses by giving notice thereof to the other parties hereto in conformity with this section. 
 (b) Headings.
The various headings in this Agreement are inserted for convenience only and shall not affect the meaning or interpretation of this Agreement or any provision hereof. 
 (c) Amendments. This Agreement or any provision hereof may be changed, waived, or terminated only by a statement in writing signed by the party against which such change, waiver or
termination is sought to be enforced, and then any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 (d) No Waiver. No failure on the part of Secured Party to exercise, and no delay in exercising, and no course of dealing with respect to, any power, privilege or right under this Agreement
or any related agreement shall operate as a waiver thereof nor shall any single or partial exercise by Secured Party of any power, privilege or right under this Agreement or any related agreement preclude any other or further exercise thereof or the
exercise of any other power, privilege or right. The powers, privileges and rights in this Agreement are cumulative and are not exclusive of any other remedies provided by law. Without limiting the generality of the foregoing, all rights and
remedies of Secured Party shall be cumulative and may be exercised singularly in any order or concurrently, at the option of Secured Party, and the exercise or enforcement of any such right or remedy shall neither be a condition to nor a bar to the
exercise or enforcement of any other right or remedy. No waiver by Secured Party of any default hereunder shall be effective unless in writing, nor shall any waiver operate as a waiver of any other default or of the same default on a future
occasion. 
 (e) Binding Agreement. All rights of Secured Party hereunder shall inure to the benefit of its
successors and assigns. Subject to the terms of the Development Agreement, Debtor shall not assign any interest under this Agreement without the prior written consent of Secured Party. Any purported assignment inconsistent with this provision shall,
at the option of Secured Party, be null and void. 

  
 -12-

 (f) Entire Agreement. This Agreement, together with, any other agreement
executed in connection herewith, is intended by the parties as a final expression of their agreement with respect to the matters covered hereby and is intended as a complete and exclusive statement of the terms and conditions thereof. Acceptance of
or acquiescence in a course of performance rendered under this Agreement shall not be relevant to determine the meaning of this Agreement even though the accepting or acquiescing party had knowledge of the nature of the performance and opportunity
for objection. 
 (g) Severability. If any provision or obligation of this Agreement should be found to be invalid,
illegal, or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions and obligations or any other agreement executed in connection herewith, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby and shall nonetheless remain in full force and effect to the maximum extent permitted by law. 
 (h) Survival of Provisions. All representations, warranties and covenants of Debtor contained herein shall survive the execution and delivery of this Agreement, and shall terminate only upon
the termination of this Agreement pursuant to Section 8(k) hereof. 
 (i) Power of Attorney. Debtor hereby
irrevocably appoints Secured Party its attorney-in-fact, which appointment is coupled with an interest, with full authority in the place and stead of Debtor and in the name of Debtor, Secured Party or otherwise, from time to time in Secured
Party’s discretion (a) to execute and file financing and continuation statements (and amendments thereto and modifications thereof) on behalf and in the name of Debtor with respect to the Security Interest, (b) to take any action and
to execute any instrument which Secured Party may deem necessary or advisable to exercise its rights under this Agreement, and (c) upon the occurrence and during the continuance of an Event of Default, to take any action and to execute any
instrument which Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: 
 (i) to obtain and adjust insurance required to be paid to Secured Party pursuant hereto; 
 (ii) to ask, demand, collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; 

(iii) to receive, endorse and collect any drafts or other instruments, documents and chattel paper, in connection with clauses
(i) and (ii) above; 
 (iv) to sell, convey or otherwise transfer any item of Collateral to any purchaser thereof; and

  
 -13-

 (v) to file any claims or take any action or institute any proceedings which Secured Party
may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of Secured Party with respect to any of the Collateral. 
 (j) Counterparts. This Agreement and any amendments, waivers, consents or supplements may be executed in any number of counterparts and by facsimile, each of which when so executed and
delivered shall be deemed an original, but all of which shall together constitute one and the same agreement. 
 (k)
Termination of Agreement. This Agreement and the Security Interest shall not terminate until full and final payment and performance of all indebtedness and obligations secured hereunder, including without limitation the Secured
Obligations. Secured Party agrees to terminate this Agreement upon request if Debtor has satisfied the following conditions: (i) all Secured Obligations shall have been paid in full and Secured Party shall have no further obligation to make
advances under the Development Agreement, and (ii) the Development Agreement shall have been terminated in accordance with its terms. At such time as such conditions shall have been so satisfied, Secured Party shall reassign and redeliver to
Debtor all of the Collateral hereunder which has not been sold, disposed of, retained or applied by Secured Party in accordance with the terms hereof, and execute and deliver to Debtor such documents as Debtor may reasonably request to evidence such
termination. Such reassignment and redelivery shall be without warranty by or recourse to Secured Party, and shall be at the expense of Debtor; provided however, that this Agreement (including all representations, warranties and covenants contained
herein) shall continue to be effective or be reinstated, as the case may be, if at any time any amount received by Secured Party in respect of the Secured Obligations is rescinded or must otherwise be restored or returned by Secured Party upon or in
connection with the insolvency, bankruptcy, dissolution, liquidation or reorganization of Debtor or any other person or upon or in connection with the appointment of any intervenor or conservator of or trustee or similar official for Debtor or any
other person or any substantial part of its assets, or otherwise, all as though such payments had not been made. 
 (l)
Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the State of Minnesota (including, without limitation, the Uniform Commercial Code, which Uniform Commercial Code
shall apply without regard to any provision therein that would otherwise provide that such Uniform Commercial Code is inapplicable to Debtor, whether based upon the fact that Debtor is deemed to be a governmental body or otherwise); except that
(a) to the extent that Minnesota law does not recognize or provide for the creation, attachment, perfection, priority or enforcement of the Security Interest in any Collateral that is recognized or provided for under the Tribe’s Secured
Transactions Code (as in effect and as amended from time to time, the “Tribal UCC Code”), then the Tribal UCC Code shall apply to such Collateral so as to give effect to such creation, attachment, perfection, priority or
enforcement, and (ii) to the extent that such Tribal UCC Code shall under any circumstances otherwise be more favorable to Secured Party than to Debtor, then under such circumstances and to such extent the Tribal UCC Code shall apply. Unless
the context otherwise requires, all terms used herein which are defined in Articles 1 and 9 of the Uniform Commercial Code (including but not limited to the terms “equipment” and proceeds”), shall have the meanings stated therein. For
purposes of this Agreement, “Uniform Commercial Code” means the Uniform Commercial Code as enacted in the State of Minnesota, as the same may be amended from time to time. 

  
 -14-

 (m) Sovereign Immunity Waiver: Arbitration: Submission to Jurisdiction. This
Agreement constitutes a security agreement contemplated by Section 2.14 of the Development Agreement. As such and without limiting the scope of the Development Agreement, the provisions of Section 9.9 of the Development Agreement apply to
this Agreement and are hereby incorporated by reference, including, without limitation, the limited sovereign immunity waiver, limitations on recourse and arbitration provisions contained therein and the Resolutions of Limited Waiver. 

(n) Multiple Parties. As defined in this Agreement, the term “Debtor” refers to each of the Tribe and the
Authority separately and to both of them jointly and each is severally and jointly bound with the other. Without limiting the generality of the foregoing, (i) all property described in Section 3 of this Agreement will be included as
Collateral if either the Tribe or the Authority has, or if both jointly have, any right, title or interest therein, (ii) all representations, warranties and covenants are made by each of the Tribe and the Authority, and all Events of Default
and other provisions applicable to Debtor shall be applicable to each of the Tribe and the Authority, and (iii) receipt of any notice in accordance with the provisions of this Agreement by either the Tribe or the Authority shall be deemed to
have been received by both. 
 (o) Amendment and Restatement. This Agreement amends and restates, but does not
alter the original date and continuing effectiveness of liens and security interests granted by, the Existing Security Agreement. 
 [The remainder of this page has been intentionally left blank.] 

  
 -15-

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

									
	ATTEST:	 		 	 DEBTOR:
 JAMUL
INDIAN VILLAGE

					
	By:	 	/s/ Julia Lotta	 		 	By:	 	/s/ Ray Hunter
	Name:	 	Julia Lotta	 		 	Name:	 	Ray Hunter
	Its:	 	Secretary	 		 	Title:	 	Chair

  

									
	ATTEST:	 		 	 DEBTOR:
 JAMUL
GAMING AUTHORITY

					
	By:	 	/s/ Julia Lotta	 		 	By:	 	/s/ Ray Hunter
	Name:	 	Julia Lotta	 		 	Name:	 	Ray Hunter
	Its:	 	Secretary	 		 	Title:	 	Chair

  

									
	ATTEST:	 		 	 SECURED PARTY:

LAKES JAMUL DEVELOPMENT, LLC

					
	By:	 	/s/ Damon Schramm	 		 	By:	 	/s/ Timothy J. Cope
	Name:	 	Damon Schramm	 		 	Name:	 	Timothy J. Cope
	Its:	 	Secretary	 		 	Title:	 	President and Chief Financial Officer

  
 -16-

 EXHIBIT A 
 TO 
 SECURITY AGREEMENT 

(Collateral Locations) 
 [To be completed] 

  
 -17-Credit and Security Agreement

 Exhibit 10.1 

 
  

 
  

 
  

Published Transaction CUSIP Number: 64116CAA8 
 Published Revolver CUSIP Number: 64116CAB6 
 CREDIT AND SECURITY AGREEMENT

 among 
 NETSCOUT SYSTEMS, INC. 
 as Borrower 

THE LENDERS NAMED HEREIN 
 as Lenders 
 and 

KEYBANK NATIONAL ASSOCIATION 
 as Joint Lead Arranger, Sole Book Runner and Administrative Agent 

WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Joint Lead Arranger and Co-Syndication Agent 
 MERRILL LYNCH,
PIERCE, FENNER & SMITH INCORPORATED 
 as Joint Lead Arranger 

BANK OF AMERICA, N.A. 
 as Co-Syndication Agent 
 SILICON VALLEY BANK 

COMERICA BANK 
 as Co-Documentation Agents 
  

 
 dated as of

 November 22, 2011 
  

 
  

 
  

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	 Page

		
	 ARTICLE I. DEFINITIONS
	  	1
	 Section 1.1.
	  	 Definitions
	  	1
	 Section 1.2.
	  	 Accounting Terms
	  	27
	 Section 1.3.
	  	 Terms Generally
	  	27
		
	 ARTICLE II. AMOUNT AND TERMS OF CREDIT
	  	27
	 Section 2.1.
	  	 Amount and Nature of Credit
	  	27
	 Section 2.2.
	  	 Revolving Credit Commitment
	  	28
	 Section 2.3.
	  	 Interest
	  	33
	 Section 2.4.
	  	 Evidence of Indebtedness
	  	34
	 Section 2.5.
	  	 Notice of Loans and Credit Events; Funding of Loans
	  	35
	 Section 2.6.
	  	 Payment on Loans and Other Obligations
	  	36
	 Section 2.7.
	  	 Prepayment
	  	37
	 Section 2.8.
	  	 Commitment and Other Fees
	  	38
	 Section 2.9.
	  	 Modifications to Commitment
	  	39
	 Section 2.10.
	  	 Computation of Interest and Fees
	  	40
	 Section 2.11.
	  	 Mandatory Payments
	  	40
		
	 ARTICLE III. ADDITIONAL PROVISIONS RELATING TO EURODOLLAR LOANS; INCREASED CAPITAL; TAXES
	  	41
	 Section 3.1.
	  	 Requirements of Law
	  	41
	 Section 3.2.
	  	 Taxes
	  	42
	 Section 3.3.
	  	 Funding Losses
	  	44
	 Section 3.4.
	  	 Change of Lending Office
	  	44
	 Section 3.5.
	  	 Eurodollar Rate Lending Unlawful; Inability to Determine Rate
	  	45
	 Section 3.6.
	  	 Replacement of Lenders
	  	45
	 Section 3.7.
	  	 Discretion of Lenders as to Manner of Funding
	  	46
		
	 ARTICLE IV. CONDITIONS PRECEDENT
	  	46
	 Section 4.1.
	  	 Conditions to Each Credit Event
	  	46
	 Section 4.2.
	  	 Conditions to the First Credit Event
	  	47
	 Section 4.3.
	  	 Post-Closing Conditions
	  	49
		
	 ARTICLE V. COVENANTS
	  	49
	 Section 5.1.
	  	 Insurance
	  	49
	 Section 5.2.
	  	 Money Obligations
	  	50
	 Section 5.3.
	  	 Financial Statements and Information
	  	50
	 Section 5.4.
	  	 Financial Records
	  	51
	 Section 5.5.
	  	 Change in Business
	  	51
	 Section 5.6.
	  	 ERISA Pension and Benefit Plan Compliance
	  	52
	 Section 5.7.
	  	 Financial Covenants
	  	52
	 Section 5.8.
	  	 Borrowing
	  	52
	 Section 5.9.
	  	 Liens
	  	54
	 Section 5.10.
	  	 Regulations T, U and X
	  	55
	 Section 5.11.
	  	 Investments, Loans and Guaranties
	  	55
	 Section 5.12.
	  	 Merger and Sale of Assets
	  	56

  
 i 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	 Page

			
	 Section 5.13.
	 	 Acquisitions
	  	57
	 Section 5.14.
	 	 Notice
	  	58
	 Section 5.15.
	 	 Restricted Payments
	  	58
	 Section 5.16.
	 	 Environmental Compliance
	  	58
	 Section 5.17.
	 	 Affiliate Transactions
	  	59
	 Section 5.18.
	 	 Use of Proceeds
	  	59
	 Section 5.19.
	 	 Corporate Names and Locations of Collateral
	  	59
	 Section 5.20.
	 	 Subsidiary Guaranties, Security Documents and Pledge of Stock or Other Ownership Interest
	  	60
	 Section 5.21.
	 	 Collateral
	  	61
	 Section 5.22.
	 	 Property Acquired Subsequent to the Closing Date and Right to Take Additional Collateral
	  	63
	 Section 5.23.
	 	 Restrictive Agreements
	  	63
	 Section 5.24.
	 	 Other Covenants and Provisions
	  	64
	 Section 5.25.
	 	 Subordinated Debt Documents
	  	64
	 Section 5.26.
	 	 Amendment of Organizational Documents
	  	64
	 Section 5.27.
	 	 Further Assurances
	  	64
		
	 ARTICLE VI. REPRESENTATIONS AND WARRANTIES
	  	65
	 Section 6.1.
	 	 Corporate Existence; Subsidiaries; Foreign Qualification
	  	65
	 Section 6.2.
	 	 Corporate Authority
	  	65
	 Section 6.3.
	 	 Compliance with Laws and Contracts
	  	65
	 Section 6.4.
	 	 Litigation and Administrative Proceedings
	  	66
	 Section 6.5.
	 	 Title to Assets
	  	66
	 Section 6.6.
	 	 Liens and Security Interests
	  	66
	 Section 6.7.
	 	 Tax Returns
	  	67
	 Section 6.8.
	 	 Environmental Laws
	  	67
	 Section 6.9.
	 	 Locations
	  	67
	 Section 6.10.
	 	 Employee Benefits Plans
	  	68
	 Section 6.11.
	 	 Consents or Approvals
	  	68
	 Section 6.12.
	 	 Solvency
	  	68
	 Section 6.13.
	 	 Financial Statements
	  	69
	 Section 6.14.
	 	 Regulations
	  	69
	 Section 6.15.
	 	 Material Agreements
	  	69
	 Section 6.16.
	 	 Intellectual Property
	  	69
	 Section 6.17.
	 	 Insurance
	  	69
	 Section 6.18.
	 	 Deposit Accounts and Securities Accounts
	  	69
	 Section 6.19.
	 	 Accurate and Complete Statements
	  	70
	 Section 6.20.
	 	 Investment Company; Other Restrictions
	  	70
	 Section 6.21.
	 	 Defaults
	  	70
		
	 ARTICLE VII. SECURITY
	  	70
	 Section 7.1.
	 	 Security Interest in Collateral
	  	70
	 Section 7.2.
	 	 Collections and Receipt of Proceeds by Borrower
	  	70
	 Section 7.3.
	 	 Collections and Receipt of Proceeds by Administrative Agent
	  	71
	 Section 7.4.
	 	 Administrative Agent’s Authority Under Pledged Notes
	  	72

  
 ii 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	 Page

			
	 Section 7.5.
	 	 Commercial Tort Claims
	  	73
	 Section 7.6.
	 	 Use of Inventory and Equipment
	  	73
		
	 ARTICLE VIII. EVENTS OF DEFAULT
	  	73
	 Section 8.1.
	 	 Payments
	  	73
	 Section 8.2.
	 	 Special Covenants
	  	74
	 Section 8.3.
	 	 Other Covenants
	  	74
	 Section 8.4.
	 	 Representations and Warranties
	  	74
	 Section 8.5.
	 	 Cross Default
	  	74
	 Section 8.6.
	 	 ERISA Default
	  	74
	 Section 8.7.
	 	 Change in Control
	  	74
	 Section 8.8.
	 	 Judgments
	  	74
	 Section 8.9.
	 	 Security
	  	75
	 Section 8.10.
	 	 Validity of Loan Documents
	  	75
	 Section 8.11.
	 	 Solvency
	  	75
		
	 ARTICLE IX. REMEDIES UPON DEFAULT
	  	76
	 Section 9.1.
	 	 Optional Defaults
	  	76
	 Section 9.2.
	 	 Automatic Defaults
	  	76
	 Section 9.3.
	 	 Letters of Credit
	  	77
	 Section 9.4.
	 	 Offsets
	  	77
	 Section 9.5.
	 	 Equalization Provisions
	  	77
	 Section 9.6.
	 	 Collateral
	  	78
	 Section 9.7.
	 	 Other Remedies
	  	79
	 Section 9.8.
	 	 Application of Proceeds
	  	79
		
	 ARTICLE X. THE ADMINISTRATIVE AGENT
	  	80
	 Section 10.1.
	 	 Appointment and Authorization
	  	80
	 Section 10.2.
	 	 Note Holders
	  	80
	 Section 10.3.
	 	 Consultation With Counsel
	  	81
	 Section 10.4.
	 	 Documents
	  	81
	 Section 10.5.
	 	 Administrative Agent and Affiliates
	  	81
	 Section 10.6.
	 	 Knowledge or Notice of Default
	  	81
	 Section 10.7.
	 	 Action by Administrative Agent
	  	81
	 Section 10.8.
	 	 Release of Collateral or Guarantor of Payment
	  	82
	 Section 10.9.
	 	 Delegation of Duties
	  	82
	 Section 10.10.
	 	 Indemnification of Administrative Agent
	  	82
	 Section 10.11.
	 	 Successor Agent
	  	83
	 Section 10.12.
	 	 Fronting Lender
	  	83
	 Section 10.13.
	 	 Swing Line Lender
	  	83
	 Section 10.14.
	 	 Administrative Agent May File Proofs of Claim
	  	83
	 Section 10.15.
	 	 No Reliance on Administrative Agent’s Customer Identification Program
	  	84
	 Section 10.16.
	 	 Other Agents
	  	84
		
	 ARTICLE XI. MISCELLANEOUS
	  	85
	 Section 11.1.
	 	 Lenders’ Independent Investigation
	  	85
	 Section 11.2.
	 	 No Waiver; Cumulative Remedies
	  	85

  
 iii

 TABLE OF CONTENTS 
  

					
	 	 	 	  	 Page

	 Section 11.3.
	 	 Amendments, Waivers and Consents
	  	85
	 Section 11.4.
	 	 Notices
	  	86
	 Section 11.5.
	 	 Costs, Expenses and Documentary Taxes
	  	87
	 Section 11.6.
	 	 Indemnification
	  	87
	 Section 11.7.
	 	 Obligations Several; No Fiduciary Obligations
	  	88
	 Section 11.8.
	 	 Execution in Counterparts
	  	88
	 Section 11.9.
	 	 Binding Effect; Borrower’s Assignment
	  	88
	 Section 11.10.
	 	 Lender Assignments
	  	88
	 Section 11.11.
	 	 Sale of Participations
	  	90
	 Section 11.12.
	 	 Replacement of Affected Lenders
	  	91
	 Section 11.13.
	 	 Patriot Act Notice
	  	91
	 Section 11.14.
	 	 Severability of Provisions; Captions; Attachments
	  	92
	 Section 11.15.
	 	 Investment Purpose
	  	92
	 Section 11.16.
	 	 Entire Agreement
	  	92
	 Section 11.17.
	 	 Limitations on Liability of the Fronting Lender
	  	92
	 Section 11.18.
	 	 General Limitation of Liability
	  	93
	 Section 11.19.
	 	 No Duty
	  	93
	 Section 11.20.
	 	 Legal Representation of Parties
	  	93
	 Section 11.21.
	 	 Governing Law; Submission to Jurisdiction
	  	93
	 Section 11.22.
	 	 Jury Trial Waiver
	  	Signature Page 1

  

			
	 Exhibit A
	  	 Form of Revolving Credit Note

	 Exhibit B
	  	 Form of Swing Line Note

	 Exhibit C
	  	 Form of Notice of Loan

	 Exhibit D
	  	 Form of Compliance Certificate

	 Exhibit E
	  	 Form of Assignment and Acceptance Agreement

		
	 Schedule 1
	  	 Commitments of Lenders

	 Schedule 2
	  	 Guarantors of Payment

	 Schedule 3
	  	 Pledged Securities

	 Schedule 5.8
	  	 Indebtedness

	 Schedule 5.9
	  	 Liens

	 Schedule 5.11
	  	 Permitted Foreign Subsidiary Loans and Investments

	 Schedule 6.1
	  	 Corporate Existence; Subsidiaries; Foreign Qualification

	 Schedule 6.4
	  	 Litigation and Administrative Proceedings

	 Schedule 6.5
	  	 Real Estate Owned by the Companies

	 Schedule 6.9
	  	 Locations

	 Schedule 6.10
	  	 Employee Benefits Plans

	 Schedule 6.15
	  	 Material Agreements

	 Schedule 6.16
	  	 Intellectual Property

	 Schedule 6.17
	  	 Insurance

	 Schedule 7.4
	  	 Pledged Notes

	 Schedule 7.5
	  	 Commercial Tort Claims

  
 iv 

 This CREDIT AND SECURITY AGREEMENT (as the same may from time to time be
amended, restated or otherwise modified, this “Agreement”) is made effective as of the 22nd day of November, 2011 among: 
 (a) NETSCOUT SYSTEMS, INC., a Delaware corporation
(the “Borrower”); 
 (b) the lenders listed on Schedule 1 hereto and each other Eligible Transferee, as
hereinafter defined, that from time to time becomes a party hereto pursuant to Section 2.9(b) or 11.10 hereof (collectively, the “Lenders” and, individually, each a “Lender”); 

(c) KEYBANK NATIONAL ASSOCIATION, a national banking association, as joint lead arranger, sole book runner and administrative agent for
the Lenders under this Agreement (the “Administrative Agent”); 
 (d) WELLS FARGO BANK NATIONAL ASSOCIATION, as joint
lead arranger and co-syndication agent under this Agreement; 
 (e) MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
as joint lead arranger under this Agreement; 
 (f) BANK OF AMERICA, N.A., as co-syndication agent under this Agreement; and

 (g) SILICON VALLEY BANK and COMERICA BANK, each as co-documentation agent under this Agreement. 

WITNESSETH: 

WHEREAS, the Borrower, the Administrative Agent and the Lenders desire to contract for the establishment of credits in the aggregate
principal amounts hereinafter set forth, to be made available to the Borrower upon the terms and subject to the conditions hereinafter set forth; 
 NOW, THEREFORE, it is mutually agreed as follows: 
 ARTICLE I. DEFINITIONS

 Section 1.1. Definitions. As used in this Agreement, the following terms shall have the meanings set forth below:

 “Account” means an account, as that term is defined in the U.C.C. 

“Account Debtor” means an account debtor, as that term is defined in the U.C.C., or any other Person obligated to pay all or
any part of an Account in any manner and includes (without limitation) any Guarantor thereof. 

 “Acquisition” means any transaction or series of related transactions for the
purpose of or resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the assets of any Person (other than a Company), or any business or division of any Person (other than a Company), (b) the acquisition
of in excess of fifty percent (50%) of the outstanding capital stock (or other equity interest) of any Person (other than a Company), or (c) the acquisition of another Person (other than a Company) by a merger, amalgamation or
consolidation or any other combination with such Person. 
 “Additional Commitment” means that term as defined in
Section 2.9(b) hereof. 
 “Additional Lender” means an Eligible Transferee that shall become a Revolving Lender
during the Commitment Increase Period pursuant to Section 2.9(b) hereof. 
 “Additional Lender Assumption
Agreement” means an additional lender assumption agreement, in form and substance satisfactory to the Administrative Agent, wherein an Additional Lender shall become a Revolving Lender. 

“Additional Lender Assumption Effective Date” means that term as defined in Section 2.9(b)(ii) hereof. 

“Administrative Agent” means that term as defined in the first paragraph above. 

“Administrative Agent Fee Letter” means the Administrative Agent Fee Letter between the Borrower and the Administrative Agent,
dated as of the Closing Date, as the same may from time to time be amended, restated or otherwise modified. 

“Advantage” means any payment (whether made voluntarily or involuntarily, by offset of any deposit or other indebtedness or
otherwise) received by any Lender in respect of the Obligations, if such payment results in that Lender having less than its pro rata share (based upon its Commitment Percentage) of the Obligations then outstanding. 

“Affected Lender” means a Defaulting Lender, an Insolvent Lender or a Downgraded Lender. 

“Affiliate” means any Person, directly or indirectly, controlling, controlled by or under common control with a Company and
“control” (including the correlative meanings, the terms “controlling”, “controlled by” and “under common control with”) means the power, directly or indirectly, to direct or cause the direction of the
management and policies of a Company, whether through the ownership of voting securities, by contract or otherwise. 

“Agreement” means that term as defined in the first paragraph hereof. 

“Applicable Commitment Fee Rate” means: 

(a) for the period from the Closing Date through February 29, 2012, twenty (20.00) basis points; and 

  
 2 

 (b) commencing with the Consolidated financial statements of the Borrower
for the fiscal quarter ending December 31, 2011, the number of basis points set forth in the following matrix, based upon the result of the computation of the Leverage Ratio as set forth in the Compliance Certificate for such fiscal period,
shall be used to establish the number of basis points that will go into effect on March 1, 2012 and, thereafter, as set forth in each successive Compliance Certificate, as provided below: 

 

			
	 Leverage Ratio
	  	 Applicable
Commitment
Fee
Rate

	 Greater than or equal to 2.50 to 1.00
	  	35.00 basis points
	 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00
	  	30.00 basis points
	 Greater than or equal to 1.00 to 1.00 but less than 2.00 to 1.00
	  	25.00 basis points
	 Less than 1.00 to 1.00
	  	20.00 basis points

 After March 1, 2012, changes to the Applicable Commitment Fee Rate shall be effective on the first day of each
calendar month following the date upon which the Administrative Agent should have received, pursuant to Section 5.3(c) hereof, the Compliance Certificate. The above pricing matrix does not modify or waive, in any respect, the requirements of
Section 5.7 hereof, the rights of the Administrative Agent and the Lenders to charge the Default Rate, or the rights and remedies of the Administrative Agent and the Lenders pursuant to Articles VIII and IX hereof. Notwithstanding anything
herein to the contrary, (i) during any period when the Borrower shall have failed to timely deliver the Consolidated financial statements pursuant to Section 5.3(a) or (b) hereof, or the Compliance Certificate pursuant to
Section 5.3(c) hereof, until such time as the appropriate Consolidated financial statements and Compliance Certificate are delivered, the Applicable Commitment Fee Rate shall be the highest rate per annum indicated in the above pricing grid
regardless of the Leverage Ratio at such time, and (ii) in the event that any financial information or certification provided to the Administrative Agent in the Compliance Certificate is shown to be inaccurate (regardless of whether this
Agreement or the Commitment is in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Commitment Fee Rate for any period (an “Applicable Commitment Fee
Period”) than the Applicable Commitment Fee Rate applied for such Applicable Commitment Fee Period, then (A) the Borrower shall immediately deliver to the Administrative Agent a corrected Compliance Certificate for such Applicable
Commitment Fee Period, (B) the Applicable Commitment Fee Rate shall be determined based on such corrected Compliance Certificate, and (C) the Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a
result of such increased Applicable Commitment Fee Rate for such Applicable Commitment Fee Period. 
 “Applicable
Margin” means: 
 (a) for the period from the Closing Date through February 29, 2012, one hundred
twenty-five (125.00) basis points for Eurodollar Loans and twenty-five (25.00) basis points for Base Rate Loans; and 

  
 3 

 (b) commencing with the Consolidated financial statements of the Borrower
for the fiscal quarter ending December 31, 2011, the number of basis points (depending upon whether Loans are Eurodollar Loans or Base Rate Loans) set forth in the following matrix, based upon the result of the computation of the Leverage Ratio
as set forth in the Compliance Certificate for such fiscal period, shall be used to establish the number of basis points that will go into effect on March 1, 2012 and, thereafter, as set forth in each successive Compliance Certificate, as
provided below: 
  

									
	 Leverage Ratio
	  	Applicable
Basis
Points
for
Eurodollar
Loans	 	  	Applicable
Basis
Points
for
Base Rate
Loans	 
	 Greater than or equal to 2.50 to 1.00
	  	 	200.00	  	  	 	100.00	  
	 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00
	  	 	175.00	  	  	 	75.00	  
	 Greater than or equal to 1.00 to 1.00 but less than 2.00 to 1.00
	  	 	150.00	  	  	 	50.00	  
	 Less than 1.00 to 1.00
	  	 	125.00	  	  	 	25.00	  

 After March 1, 2012, changes to the Applicable Margin shall be effective on the first day of each calendar month
following the date upon which the Administrative Agent should have received, pursuant to Section 5.3(c) hereof, the Compliance Certificate. The above pricing matrix does not modify or waive, in any respect, the requirements of Section 5.7
hereof, the rights of the Administrative Agent and the Lenders to charge the Default Rate, or the rights and remedies of the Administrative Agent and the Lenders pursuant to Articles VIII and IX hereof. Notwithstanding anything herein to the
contrary, (i) during any period when the Borrower shall have failed to timely deliver the Consolidated financial statements pursuant to Section 5.3(a) or (b) hereof, or the Compliance Certificate pursuant to Section 5.3(c)
hereof, until such time as the appropriate Consolidated financial statements and Compliance Certificate are delivered, the Applicable Margin shall be the highest rate per annum indicated in the above pricing grid for Loans of that type, regardless
of the Leverage Ratio at such time, and (ii) in the event that any financial information or certification provided to the Administrative Agent in the Compliance Certificate is shown to be inaccurate (regardless of whether this Agreement or the
Commitment is in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Margin Period”) than the Applicable Margin
applied for such Applicable Margin Period, then (A) the Borrower shall immediately deliver to the Administrative Agent a corrected Compliance Certificate for such Applicable Margin Period, (B) the Applicable Margin shall be determined
based on such corrected Compliance Certificate, and (C) the Borrower shall immediately pay to the Administrative Agent the accrued additional interest owing as a result of such increased Applicable Margin for such Applicable Margin Period.

 “Approved Fund” means any Person (other than a natural Person) that is engaged in making, purchasing, holding or
investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an 

  
 4 

 
Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Assignment Agreement” means an Assignment and Acceptance Agreement in the form of the attached Exhibit E. 
 “Authorized Officer” means a Financial Officer or other individual authorized by a Financial Officer in writing (with a copy to the Administrative Agent) to handle certain administrative matters
in connection with this Agreement. 
 “Bank Product Agreements” means those certain cash management services and other
agreements entered into from time to time between a Company and the Administrative Agent or a Lender (or an affiliate of a Lender) in connection with any of the Bank Products. 
 “Bank Product Obligations” means all obligations, liabilities, contingent reimbursement obligations, fees and expenses owing by a Company to the Administrative Agent or any Lender (or an
affiliate of a Lender) pursuant to or evidenced by the Bank Product Agreements. 
 “Bank Products” means a service or
facility extended to a Company by the Administrative Agent or any Lender (or an affiliate of a Lender) for (a) credit cards and credit card processing services, (b) debit cards and purchase cards, (c) ACH transactions, and
(d) cash management, including controlled disbursement, accounts or services. 
 “Bankruptcy Code” means Title 11
of the United States Code entitled “Bankruptcy”, as now or hereafter in effect, or any successor thereto, as hereafter amended. 
 “Base Rate” means, for any day, a rate per annum equal to the highest of (a) the Prime Rate, (b) one-half of one percent (.50%) in excess of the Federal Funds Effective Rate, and
(c) one hundred (100.00) basis points in excess of the London Interbank Offered Rate for loans in Eurodollars with an Interest Period of one month (or, if such day is not a Business Day, such rate as calculated on the most recent Business
Day). Any change in the Base Rate shall be effective immediately from and after such change in the Base Rate. 
 “Base Rate
Loan” means a Revolving Loan described in Section 2.2(a) hereof, that shall be denominated in Dollars and on which the Borrower shall pay interest at a rate based on the Derived Base Rate. 

“Borrower” means that term as defined in the first paragraph hereof. 

“Borrower Investment Policy” means the investment policy guidelines of Borrower in effect as of the Closing Date, together with
such modifications made from time to time by Borrower. 
 “Business Day” means a day that is not a Saturday, a Sunday
or another day of the year on which national banks are authorized or required to close in Cleveland, Ohio, and, in addition, 

  
 5 

 
if the applicable Business Day relates to a Eurodollar Loan, is a day of the year on which dealings in deposits are carried on in the London interbank Eurodollar market. 

“Capital Distribution” means a payment made, liability incurred or other consideration given by a Company to any Person that is
not a Company, (a) for the purchase, acquisition, redemption, repurchase, payment or retirement of any capital stock or other equity interest of such Company, or (b) as a dividend, return of capital or other distribution (other than any
stock dividend, stock split or other equity distribution payable only in capital stock or other equity of such Company) in respect of such Company’s capital stock or other equity interest. 

“Capitalized Lease Obligations” means obligations of the Companies for the payment of rent for any real or personal property
under leases or agreements to lease that, in accordance with GAAP, have been or should be capitalized on the books of the lessee and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in
accordance with GAAP. 
 “Cash Collateral Account” means a commercial Deposit Account designated “cash collateral
account” and maintained by the Borrower with the Administrative Agent, without liability by the Administrative Agent or the Lenders to pay interest thereon, from which account the Administrative Agent, on behalf of the Lenders, shall have the
exclusive right to withdraw funds until all of the Secured Obligations are paid in full. 
 “Cash Equivalent” means
cash equivalents as determined in accordance with GAAP. 
 “Cash Security” means all cash, instruments, Deposit
Accounts, Securities Accounts and cash equivalents, in each case whether matured or unmatured, whether collected or in the process of collection, upon which the Borrower presently has or may hereafter have any claim, wherever located, including but
not limited to any of the foregoing that are presently or may hereafter be existing or maintained with, issued by, drawn upon, or in the possession of the Administrative Agent or any Lender. 

“Change in Control” means: 
 (a) the acquisition of, or, if earlier, the shareholder or director approval of the acquisition of, ownership or voting control, directly or indirectly, beneficially (within the meaning of Rules 13d-3 and
13d-5 of the Exchange Act) or of record, on or after the Closing Date, by any Person or group (within the meaning of Sections 13d and 14d of the Exchange Act), of shares representing more than forty percent (40%) of the aggregate ordinary
Voting Power represented by the issued and outstanding equity interests of the Borrower; 
 (b) the occupation of
a majority of the seats (other than vacant seats) on the board of directors or other governing body of the Borrower by Persons who were neither (i) nominated by the board of directors or other governing body of the Borrower nor
(ii) appointed by directors so nominated or elected by a majority of shareholders; or 

  
 6 

 (c) the occurrence of a change in control, or other term of similar import
used therein, as defined in any Material Indebtedness Agreement. 
 “Closing Date” means the effective date of this
Agreement as set forth in the first paragraph of this Agreement. 
 “Closing Fee Letter” means the Closing Fee Letter
between the Borrower and the Administrative Agent, dated as of the Closing Date. 
 “Closing Revolving Amount” means
Two Hundred Fifty Million Dollars ($250,000,000). 
 “Code” means the Internal Revenue Code of 1986, as amended,
together with the rules and regulations promulgated thereunder. 
 “Collateral” means (a) all of the
Borrower’s existing and future (i) personal property, (ii) Accounts, Investment Property, instruments, contract rights, chattel paper, documents, supporting obligations, letter-of-credit rights, Pledged Securities, Pledged Notes (if
any), Commercial Tort Claims, General Intangibles, Inventory and Equipment, (iii) funds now or hereafter on deposit in the Cash Collateral Account, if any, and (iv) Cash Security; and (b) Proceeds and products of any of the foregoing.

 “Commercial Tort Claim” means a commercial tort claim, as that term is defined in the U.C.C. (Schedule 7.5
hereto lists all Commercial Tort Claims of the Credit Parties in existence as of the Closing Date.) 
 “Commitment”
means the obligation hereunder of the Lenders, during the Commitment Period, to make Loans and issue Letters of Credit, and to participate in Swing Loans and the issuance of Letters of Credit, pursuant to the Revolving Credit Commitment; up to the
Total Commitment Amount. 
 “Commitment Increase Period” means the period from the Closing Date to the date that is
ninety (90) days prior to the last day of the Commitment Period. 
 “Commitment Percentage” means, for each
Lender, the percentage set forth opposite such Lender’s name under the column headed “Commitment Percentage”, as listed in Schedule 1 hereto (taking into account any assignments pursuant to Section 11.10 hereof).

 “Commitment Period” means the period from the Closing Date to November 21, 2016, or such earlier date on which
the Commitment shall have been terminated pursuant to Article IX hereof. 
 “Companies” means the Borrower and all
Subsidiaries. 
 “Company” means the Borrower or a Subsidiary. 

  
 7 

 “Compliance Certificate” means a Compliance Certificate in the form of the
attached Exhibit D. 
 “Consideration” means, in connection with an Acquisition, the aggregate consideration
paid or to be paid, including borrowed funds, cash, deferred payments, the issuance of securities or notes, the assumption or incurring of liabilities (direct or contingent), the payment of consulting fees or fees for a covenant not to compete and
any other consideration paid or to be paid for such Acquisition. 
 “Consolidated” means the resultant consolidation
of the financial statements of the Borrower and its Subsidiaries in accordance with GAAP, including principles of consolidation consistent with those applied in preparation of the consolidated financial statements referred to in Section 6.13
hereof. 
 “Consolidated Depreciation and Amortization Charges” means, for any period, the aggregate of all
depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of the Borrower for such period, as determined on a Consolidated basis. 

“Consolidated EBITDA” means, for any period, as determined on a Consolidated basis, an amount equal to: 

(a) Consolidated Net Earnings for such period plus, without duplication, the aggregate amounts deducted in determining
such Consolidated Net Earnings in respect of: 
 (i) Consolidated Interest Expense; 

(ii) Consolidated Income Tax Expense; 

(iii) Consolidated Depreciation and Amortization Charges; 

(iv) deferred revenue purchase or inventory adjustments arising from an Acquisition; 

(v) non-recurring non-cash charges not to exceed Ten Million Dollars ($10,000,000) during any fiscal quarter of the
Borrower; provided that such amount shall be increased to Twenty-Five Million Dollars ($25,000,000) to the extent such charges were incurred in connection with a write down of goodwill or intangible assets; 

(vi) non-recurring acquisition, transition, restructuring and other charges arising from an Acquisition (provided that the
aggregate amount of all such charges for all Acquisitions shall not to exceed Sixteen Million Dollars ($16,000,000) during any consecutive four fiscal quarters of the Borrower); and 

  
 8 

 (vii) non-cash expenses incurred in connection with stock-based
compensation; minus 
 (b) to the extent included in Consolidated Net Earnings for such period,
(i) non-recurring gains not incurred in the ordinary course of business, and (ii) Consolidated Interest Income; 
 provided that,
after the Closing Date, at any time an Acquisition is made pursuant to Section 5.13 hereof or a Significant Asset Disposition occurs, Consolidated EBITDA shall be recalculated to include the EBITDA of the acquired company or exclude the EBITDA
attributable to such Significant Asset Disposition (in each case with pro-forma adjustments, reasonably acceptable to the Administrative Agent and the Required Lenders) as if such Acquisition or Significant Asset Disposition had been completed on
the first day of the relevant measuring period. 
 “Consolidated Funded Indebtedness” means, at any date, all
Indebtedness (including, but not limited to, short-term, long-term and Subordinated Indebtedness, if any) of the Borrower, as determined on a Consolidated basis; provided that, notwithstanding anything in this definition to the contrary, no
performance based contingent obligation (for which a definitive amount has not been determined) that is part of the total Consideration for any Acquisition shall be considered to be Consolidated Funded Indebtedness for the purposes of calculating
the financial covenants set forth in Section 5.7 hereof. 
 “Consolidated Income Tax Expense” means, for any
period, all provisions for taxes based on the gross or net income of the Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of the Borrower, as
determined on a Consolidated basis. 
 “Consolidated Interest Expense” means, for any period, the interest expense
(including, without limitation, the “imputed interest” portion of Capitalized Lease Obligations, synthetic leases and asset securitizations, if any) of the Borrower for such period, as determined on a Consolidated basis. 

“Consolidated Interest Income” means, for any period, the interest income of the Borrower for such period, as determined on a
Consolidated basis. 
 “Consolidated Net Earnings” means, for any period, the net income (loss) of the Borrower for
such period, as determined on a Consolidated basis. 
 “Consolidated Net Worth” means, at any date, the
stockholders’ equity of the Borrower, determined as of such date on a Consolidated basis. 
 “Control Agreement”
means a Deposit Account Control Agreement or a Securities Account Control Agreement. 
 “Controlled Group” means a
Company and each Person required to be aggregated with a Company under Code Section 414(b), (c), (m) or (o). 

  
 9 

 “Credit Event” means the making by the Lenders of a Loan, the conversion by the
Lenders of a Base Rate Loan to a Eurodollar Loan, the continuation by the Lenders of a Eurodollar Loan after the end of the applicable Interest Period, the making by the Swing Line Lender of a Swing Loan, or the issuance (or amendment or renewal) by
the Fronting Lender of a Letter of Credit. 
 “Credit Party” means the Borrower and any Subsidiary or other Affiliate
that is a Guarantor of Payment. 
 “Default” means an event or condition that constitutes, or with the lapse of any
applicable grace period or the giving of notice or both would constitute, an Event of Default, and that has not been waived by the Required Lenders (or, if required hereunder, all of the Lenders) in writing. 

“Default Rate” means (a) with respect to any Loan or other Obligation for which a rate is specified, a rate per annum
equal to two percent (2%) in excess of the rate otherwise applicable thereto, and (b) with respect to any other amount, if no rate is specified or available, a rate per annum equal to two percent (2%) in excess of the Derived Base
Rate from time to time in effect. 
 “Defaulting Lender” means a Lender, as reasonably determined by the
Administrative Agent, that (a) has failed (which failure has not been cured) to fund any Loan or any participation interest in Letters of Credit required to be made hereunder in accordance with the terms hereof (unless such Lender shall have
notified the Administrative Agent and the Borrower in writing of its good faith determination that a condition under Section 4.1 hereof to its obligation to fund any Loan shall not have been satisfied); (b) has notified the Borrower or the
Administrative Agent in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this
Agreement or generally under other agreements in which it commits to extend credit; (c) has failed, within three Business Days after receipt of a written request from the Administrative Agent or the Borrower to confirm that it will comply with
the terms of this Agreement relating to its obligation to fund prospective Loans or participations in Letters of Credit, and such request states that the requesting party has reason to believe that the Lender receiving such request may fail to
comply with such obligation, and states such reason; or (d) has failed to pay to the Administrative Agent or any other Lender when due an amount owed by such Lender to the Administrative Agent or any other Lender pursuant to the terms of this
Agreement, unless such amount is subject to a good faith dispute or such failure has been cured. Any Defaulting Lender shall cease to be a Defaulting Lender when the Administrative Agent determines, in its reasonable discretion, that such Defaulting
Lender is no longer a Defaulting Lender based upon the characteristics set forth in this definition. 
 “Deposit
Account” means a deposit account, as that term is defined in the U.C.C. 
 “Deposit Account Control Agreement”
means each Deposit Account Control Agreement among a Credit Party, the Administrative Agent and a depository institution, dated prior to, on or 

  
 10 

 
after the Closing Date, to be in form and substance satisfactory to the Administrative Agent, as the same may from time to time be amended, restated or otherwise modified. 

“Depreciation and Amortization Charges” means, for any period, in accordance with GAAP, the aggregate of all such charges for
fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of a Person for such period. 

“Derived Base Rate” means a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) for Base
Rate Loans plus the Base Rate. 
 “Derived Eurodollar Rate” means a rate per annum equal to the sum of the Applicable
Margin (from time to time in effect) for Eurodollar Loans plus the Eurodollar Rate. 
 “Disposition” means the lease,
transfer or other disposition of assets (whether in one or more than one transaction) by a Company, other than a sale, lease, transfer or other disposition made by a Company to another Company or in the ordinary course of business. 

“Dodd-Frank Act” means the Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173) signed
into law on July 21, 2010, as amended from time to time. 
 “Dollar” or the $ sign means lawful money of the
United States of America. 
 “Domestic Subsidiary” means a Subsidiary that is not a Foreign Subsidiary. 

“Dormant Subsidiary” means, as of any date of determination, a Company that (a) is not a Credit Party or an equity holder
of a Credit Party, (b) has aggregate assets of less than Fifty Thousand Dollars ($50,000), (c) generated less than One Million Dollars ($1,000,000) in annual revenue during the most recently completed fiscal year of the Borrower, and
(d) has no direct or indirect Subsidiaries (i) with aggregate assets, for such Company and all such Subsidiaries, of more than Fifty Thousand Dollars ($50,000), or (ii) that generated, in the aggregate, for such Company and all such
Subsidiaries, more than One Million Dollars ($1,000,000) in annual revenue during the most recently completed fiscal year of the Borrower. 
 “Downgraded Lender” means a Lender that has a non-credit enhanced senior unsecured debt rating below investment grade from either Moody’s, Standard & Poor’s or any other
nationally recognized statistical rating organization recognized as such by the SEC that has been designated by the Administrative Agent, in its reasonable discretion, as a Downgraded Lender. Any Downgraded Lender shall cease to be a Downgraded
Lender when the Administrative Agent determines, in its reasonable discretion, that such Downgraded Lender is no longer a Downgraded Lender based upon the characteristics set forth in this definition. 

“EBITDA” means, for any period, in accordance with GAAP, Net Earnings of a Person for such period, plus, without duplication,
the aggregate amounts deducted in determining such Net Earnings in respect of (a) income taxes of such Person, (b) interest expense of such Person, and (c) Depreciation and Amortization Charges of such Person. 

  
 11 

 “Eligible Transferee” means (a) any Lender, any Affiliate of any Lender and
any Approved Fund, and (b) any commercial bank, insurance company, investment or mutual fund or other Person (other than a natural Person) that extends credit or buys loans of the type made hereunder as part of its principal business; provided
that none of the Company, any Affiliate of Company, or any Person acting at the direction of, or in concert with, any such Person, shall be an Eligible Transferee. 
 “Environmental Laws” means all provisions of law (including the common law), statutes, ordinances, codes, rules, guidelines, policies, procedures, orders-in-council, regulations, permits,
licenses, judgments, writs, injunctions, decrees, orders, awards and standards promulgated by a Governmental Authority or by any court, agency, instrumentality, regulatory authority or commission of any of the foregoing concerning environmental
health or safety and protection of, or regulation of the discharge of substances into, the environment. 
 “Environmental
Permits” means all permits, licenses, authorizations, certificates, approvals or registrations required by any Governmental Authority under any Environmental Laws. 
 “Equipment” means equipment, as that term is defined in the U.C.C. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated pursuant thereto. 
 “ERISA Event” means (a) the existence of a condition or event with respect to an
ERISA Plan that presents a material risk of the imposition of a material excise tax or any other material liability on a Company or of the imposition of a Lien on the assets of a Company; (b) the engagement by a Controlled Group member in a
non-exempt “prohibited transaction” (as defined under ERISA Section 406 or Code Section 4975) or a breach of a fiduciary duty under ERISA that could result in material liability to a Company; (c) the application by a
Controlled Group member for a waiver from the minimum funding requirements of Code Section 412 or ERISA Section 302 or a Controlled Group member is required to provide security under Code Section 401(a)(29) or ERISA Section 307;
(d) the occurrence of a Reportable Event with respect to any Pension Plan as to which notice is required to be provided to the PBGC; (e) the withdrawal by a Controlled Group member from a Multiemployer Plan in a “complete
withdrawal” or a “partial withdrawal” (as such terms are defined in ERISA Sections 4203 and 4205, respectively); (f) the involvement of, or occurrence or existence of any event or condition that makes likely the involvement of, a
Multiemployer Plan in any reorganization under ERISA Section 4241; (g) the failure of an ERISA Plan (and any related trust) that is intended to be qualified under Code Sections 401 and 501 to be so qualified or the failure of any
“cash or deferred arrangement” under any such ERISA Plan to meet the requirements of Code Section 401(k); (h) the taking by the PBGC of any steps to terminate a Pension Plan or appoint a trustee to administer a Pension Plan, or
the taking by a Controlled Group member of any steps to terminate a Pension Plan; (i) the failure by a Controlled Group member or an ERISA Plan to satisfy any material requirements of law applicable to an ERISA Plan; (j) the commencement,
existence or threatening of a claim, action, suit, audit or investigation with respect to an ERISA Plan, other than a routine claim for 

  
 12 

 
benefits or an audit conducted at the request of the sponsor of the ERISA Plan that is required for purposes of ERISA or the Code; or (k) any incurrence by or any expectation of the
incurrence by a Controlled Group member of any material liability for post-retirement benefits under any Welfare Plan, other than as required by ERISA Section 601, et. seq. or Code Section 4980B. 

“ERISA Plan” means an “employee benefit plan” (within the meaning of ERISA Section 3(3)) that a Controlled Group
member at any time sponsors, maintains, contributes to, has liability with respect to or has an obligation to contribute to such plan. 
 “Eurocurrency Liabilities” shall have the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 

“Eurodollar” means a Dollar denominated deposit in a bank or branch outside of the United States. 

“Eurodollar Loan” means a Revolving Loan described in Section 2.2(a) hereof, that shall be denominated in Dollars and on
which the Borrower shall pay interest at a rate based upon the Derived Eurodollar Rate. 
 “Eurodollar
Rate” means, with respect to a Eurodollar Loan, for any Interest Period, a rate per annum equal to the quotient obtained (rounded upwards, if necessary, to the nearest 1/16th of 1%) by dividing (a) the rate of interest, determined by the Administrative Agent in accordance with its usual
procedures (which determination shall be conclusive absent manifest error) as of approximately 11:00 A.M. (London time) two Business Days prior to the beginning of such Interest Period pertaining to such Eurodollar Loan, as listed as the British
Bankers Association’s London interbank offered rate, as published by Thomson Reuters or Bloomberg (or, if for any reason such rate is unavailable from Thomson Reuters or Bloomberg, from any other similar company or service that provides rate
quotations comparable to those currently provided by Thomson Reuters or Bloomberg) for Dollar deposits in immediately available funds with a maturity comparable to such Interest Period, provided that, in the event that such rate quotation is not
available for any reason, then the Eurodollar Rate shall be the average (rounded upward to the nearest 1/16th of 1%) of the per annum rates at which deposits in immediately available funds in Dollars for the relevant Interest Period and in the
amount of the Eurodollar Loan to be disbursed or to remain outstanding during such Interest Period, as the case may be, are offered to the Administrative Agent (or an affiliate of the Administrative Agent, in the Administrative Agent’s
discretion) by prime banks in any Eurodollar market reasonably selected by the Administrative Agent, determined as of 11:00 A.M. (London time) (or as soon thereafter as practicable), two Business Days prior to the beginning of the relevant Interest
Period pertaining to such Eurodollar Loan; by (b) 1.00 minus the Reserve Percentage. 
 “Event of Default” means
an event or condition that shall constitute an event of default as defined in Article VIII hereof. 
 “Exchange Act”
means the Securities Exchange Act of 1934, as amended. 

  
 13 

 “Excluded Taxes” means, in the case of the Administrative Agent and each Lender,
taxes imposed on or measured by its overall net income or branch profits, and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which the Administrative Agent or
such Lender, as the case may be, is organized or in which its principal office is located, or, in the case of any Lender, in which its applicable lending office is located. 
 “Federal Funds Effective Rate” means, for any day, the rate per annum (rounded upward to the nearest one one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of New
York (or any successor) on such day as being the weighted average of the rates on overnight federal funds transactions arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or any
successor) in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the “Federal Funds Effective Rate” as of the Closing Date. 

“Financial Officer” means any of the following officers: chief executive officer, president, chief financial officer, chief
accounting officer, controller or treasurer. Unless otherwise qualified, all references to a Financial Officer in this Agreement shall refer to a Financial Officer of the Borrower. 

“Foreign Subsidiary” means a Subsidiary that is organized under the laws of any jurisdiction other than the United States, any
State thereof or the District of Columbia. 
 “Fronting Lender” means, as to any Letter of Credit transaction
hereunder, the Administrative Agent as issuer of the Letter of Credit, or, in the event that the Administrative Agent either shall be unable to issue or the Administrative Agent shall agree that another Revolving Lender may issue, a Letter of
Credit, such other Revolving Lender as shall be acceptable to the Administrative Agent and shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Revolving Lenders hereunder. 

“GAAP” means generally accepted accounting principles in the United States as then in effect, which shall include the official
interpretations thereof by the Financial Accounting Standards Board, applied on a basis consistent with the past accounting practices and procedures of the Borrower. For clarification purposes, to the extent that this Agreement requires financial
terms to be determined in accordance with GAAP and GAAP is not applicable to such financial concept, then such term need not be determined in accordance with GAAP. 
 “General Intangibles” means (a) general intangibles, as that term is defined in the U.C.C.; and (b) choses in action, causes of action, intellectual property, customer lists, corporate
or other business records, inventions, designs, patents, patent applications, service marks, registrations, trade names, trademarks, copyrights, licenses, goodwill, computer software, rights to indemnification and tax refunds. 

“Governmental Authority” means any nation or government, any state, province or territory or other political subdivision
thereof, any governmental agency, department, authority, instrumentality, regulatory body, court, central bank or other governmental entity exercising 

  
 14 

 
executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory organization exercising such
functions. 
 “Guarantor” means a Person that shall have pledged its credit or property in any manner for the payment
or other performance of the indebtedness, contract or other obligation of another and includes (without limitation) any guarantor (whether of payment or of collection), surety, co-maker, endorser or Person that shall have agreed conditionally or
otherwise to make any purchase, loan or investment in order thereby to enable another to prevent or correct a default of any kind. 
 “Guarantor of Payment” means each of the Companies designated a “Guarantor of Payment” on Schedule 2 hereto, each of which is executing and delivering a Guaranty of Payment on
the Closing Date, and any other Domestic Subsidiary that shall execute and deliver a Guaranty of Payment to the Administrative Agent, or become a party by joinder to the Guaranty of Payment that was executed on the Closing Date, subsequent to the
Closing Date. 
 “Guaranty of Payment” means each Guaranty of Payment executed and delivered on or after the Closing
Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified. 
 “Guaranty of Payment Joinder” means each Guaranty of Payment Joinder, executed and delivered by a Guarantor of Payment for the purpose of adding such Guarantor of Payment as a party to a
previously executed Guaranty of Payment. 
 “Hedge Agreement” means any (a) hedge agreement, interest rate swap,
cap, collar or floor agreement, or other interest rate management device entered into by a Company with any Person in connection with any Indebtedness of such Company, or (b) currency swap agreement, forward currency purchase agreement or
similar arrangement or agreement designed to protect against fluctuations in currency exchange rates entered into by a Company. 

“Indebtedness” means, for any Company, without duplication, (a) all obligations to repay borrowed money, direct or
indirect, incurred, assumed, or guaranteed, (b) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business), (c) all obligations under conditional
sales or other title retention agreements, (d) all obligations (contingent or otherwise) under any letter of credit or banker’s acceptance, (e) all net obligations under any currency swap agreement, interest rate swap, cap, collar or
floor agreement or other interest rate management device or any Hedge Agreement, (f) all synthetic leases, (g) all Capitalized Lease Obligations, (h) all obligations of such Company with respect to asset securitization financing
programs to the extent that there is recourse against such Company or such Company is liable (contingent or otherwise) under any such program, (i) all obligations to advance funds to, or to purchase assets, property or services from, any other
Person in order to maintain the financial condition of such Person, (j) all indebtedness of the types referred to in subparts (a) through (i) above of any partnership or joint venture (other than a joint venture that is itself a
corporation or limited liability company) in which such Company is a general partner or joint venturer, unless such indebtedness is expressly 

  
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made non-recourse to such Company, (k) any other transaction (including forward sale or purchase agreements) having the commercial effect of a borrowing of money entered into by such Company
to finance its operations or capital requirements, and (l) any guaranty of any obligation described in subparts (a) through (k) hereof; provided that, for clarification purposes, Indebtedness shall not include (i) Operating
Leases, (ii) prepaid or deferred revenue sharing arising in the ordinary course of business, and (iii) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy
warranty or other unperformed obligations of the seller of such assets. 
 “Insolvent Lender” means a Lender, as
reasonably determined by the Administrative Agent, that (a) has become or is not Solvent or is the subsidiary of a Person that has become or is not Solvent; or (b) has become the subject of a proceeding under the Bankruptcy Code or under
any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or
acquiescence in any such proceeding or appointment, or is a subsidiary of a Person that has become the subject of a proceeding under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect,
or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not
be an Insolvent Lender solely by virtue of the ownership or acquisition of an equity interest in such Lender or a parent company thereof by a governmental authority or an instrumentality thereof. Any Insolvent Lender shall cease to be an Insolvent
Lender when the Administrative Agent determines, in its reasonable discretion, that such Insolvent Lender is no longer an Insolvent Lender based upon the characteristics set forth in this definition. 

“Intellectual Property Security Agreement” means each Intellectual Property Security Agreement executed and delivered on or
after the Closing Date by the Borrower or a Guarantor of Payment, wherein the Borrower or such Guarantor of Payment, as the case may be, has granted to the Administrative Agent, for the benefit of the Lenders, a security interest in all intellectual
property owned by the Borrower or such Guarantor of Payment, as the same may from time to time be amended, restated or otherwise modified. 
 “Interest Adjustment Date” means the last day of each Interest Period. 

“Interest Coverage Ratio” means, as determined for the most recently completed four fiscal quarters of the Borrower, on a
Consolidated basis, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense. 
 “Interest
Period” means, with respect to a Eurodollar Loan, the period commencing on the date such Eurodollar Loan is made and ending on the last day of such period, as selected by the Borrower pursuant to the provisions hereof, and, thereafter (unless
such Eurodollar Loan is converted to a Base Rate Loan), each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of such period, as selected by the Borrower pursuant to the provisions
hereof. The duration of each Interest Period for a Eurodollar Loan shall be one month, two months, three months or six months, in each case as the 

  
 16 

 
Borrower may select upon notice, as set forth in Section 2.5 hereof; provided that, if the Borrower shall fail to so select the duration of any Interest Period for a Eurodollar Loan at least
three Business Days prior to the Interest Adjustment Date applicable to such Eurodollar Loan, the Borrower shall be deemed to have converted such Eurodollar Loan to a Base Rate Loan at the end of the then current Interest Period. 

“Inventory” means inventory, as that term is defined in the U.C.C. 

“Investment Property” means investment property, as that term is defined in the U.C.C., unless the Uniform Commercial Code as
in effect in another jurisdiction would govern the perfection and priority of a security interest in investment property, and, in such case, “investment property” shall be defined in accordance with the law of that jurisdiction as in
effect from time to time. 
 “KeyBank” means KeyBank National Association, and its successors and assigns. 

“Landlord’s Waiver” means a landlord’s waiver or mortgagee’s waiver, each in form and substance satisfactory to
the Administrative Agent, delivered by a Credit Party in connection with this Agreement, as such waiver may from time to time be amended, restated or otherwise modified. 
 “Lender” means that term as defined in the first paragraph hereof and, as the context requires, shall include the Fronting Lender and the Swing Line Lender. 

“Letter of Credit” means a standby letter of credit that shall be issued by the Fronting Lender for the account of the Borrower
or a Guarantor of Payment, including amendments thereto, if any, and shall have an expiration date no later than the earlier of (a) one year after its date of issuance (provided that such Letter of Credit may provide for the renewal thereof for
additional one year periods), or (b) thirty (30) days prior to the last day of the Commitment Period. 
 “Letter
of Credit Commitment” means the commitment of the Fronting Lender, on behalf of the Revolving Lenders, to issue Letters of Credit in an aggregate face amount of up to Ten Million Dollars ($10,000,000). 

“Letter of Credit Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all issued and outstanding
Letters of Credit, and (b) the aggregate of the draws made on Letters of Credit that have not been reimbursed by the Borrower or converted to a Revolving Loan pursuant to Section 2.2(b)(iv) hereof. 

“Letter of Credit Fee” means, with respect to any Letter of Credit, for any day, an amount equal to (a) the face amount of
such Letter of Credit, multiplied by (b) the Applicable Margin for Revolving Loans that are Eurodollar Loans in effect on such day divided by three hundred sixty (360). 

  
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 “Leverage Ratio” means, as determined on a Consolidated basis, the ratio of
(a) Consolidated Funded Indebtedness (for the most recently completed fiscal quarter of the Borrower); to (b) Consolidated EBITDA (for the most recently completed four fiscal quarters of the Borrower). 

“Lien” means any mortgage, deed of trust, security interest, lien (statutory or other), charge, assignment, hypothecation,
encumbrance on, pledge or deposit of, or conditional sale, lease (other than Operating Leases), sale with a right of redemption or other title retention agreement and any capitalized lease with respect to any property (real or personal) or asset.

 “Liquidity Amount” means, at any time, the sum, without duplication, of (a) (i) the Revolving Amount,
minus (ii) the Revolving Credit Exposure; plus (b) all unencumbered and unrestricted (except as to any Lien of the Administrative Agent, for the benefit of the Lenders) cash on hand of the Credit Parties held at financial institutions
located in the United States; plus (c) all unencumbered and unrestricted (except as to any Lien of the Administrative Agent, for the benefit of the Lenders) Cash Equivalents of the Credit Parties; plus (d) all unencumbered and unrestricted
(except as to any Lien of the Administrative Agent, for the benefit of the Lenders) marketable securities of the Credit Parties acquired in a manner consistent with the Borrower Investment Policy and having maturities of not more than one year from
the date of acquisition thereof; as determined on a Consolidated basis. 
 “Loan” means a Revolving Loan or a Swing
Loan. 
 “Loan Documents” means, collectively, this Agreement, each Note, each Guaranty of Payment, each Guaranty of
Payment Joinder, all documentation relating to each Letter of Credit, each Subordination Agreement, each Security Document, the Administrative Agent Fee Letter and the Closing Fee Letter, as any of the foregoing may from time to time be amended,
restated or otherwise modified or replaced, and any other document delivered pursuant thereto. 
 “Material Adverse
Effect” means (a) a material adverse effect on the business, assets, liabilities (actual or contingent), operations or condition (financial or otherwise) of the Companies taken as a whole, (b) a material impairment of the ability of
any Credit Party to perform its obligations under any Loan Document to which it is a party, or (c) the legality, validity, binding effect or enforceability against any Credit Party of any Loan Document to which it is a party. 

“Material Agreement” means any contract or agreement of a Company required to be filed with the SEC pursuant to Item 601
of Regulation S-K promulgated under the Exchange Act. 
 “Material Foreign Subsidiary” means a Foreign Subsidiary of
the Borrower (a) with assets (including Subsidiaries of such Foreign Subsidiary) in excess of three percent (3%) of Consolidated total assets of the Borrower, or (b) with revenues (including Subsidiaries of such Foreign Subsidiary) in
excess of three percent (3%) of Consolidated total revenues of the Borrower. 

  
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 “Material Indebtedness Agreement” means any debt instrument, capital lease,
guaranty, contract, commitment, agreement or other arrangement evidencing or entered into in connection with any Indebtedness of any Company or the Companies in excess of the amount of Twenty Million Dollars ($20,000,000). 

“Maximum Amount” means, for each Lender, the amount set forth opposite such Lender’s name under the column headed
“Maximum Amount” as set forth on Schedule 1 hereto, subject to decreases determined pursuant to Section 2.9(a) hereof, increases pursuant to Section 2.9(b) hereof and assignments of interests pursuant to Section 11.10
hereof; provided that the Maximum Amount for the Swing Line Lender shall exclude the Swing Line Commitment (other than its pro rata share), and the Maximum Amount of the Fronting Lender shall exclude the Letter of Credit Commitment (other than its
pro rata share). 
 “Maximum Rate” means that term as defined in Section 2.3(d) hereof. 

“Maximum Revolving Amount” means Three Hundred Million Dollars ($300,000,000), as such amount may be reduced pursuant to
Section 2.9(a) hereof. 
 “Moody’s” means Moody’s Investors Service, Inc., and any successor to such
company. 
 “Multiemployer Plan” means a Pension Plan that is subject to the requirements of Subtitle E of Title IV of
ERISA. 
 “Net Earnings” means, for any period, the net income (loss) for such period, determined in accordance with
GAAP. 
 “Non-Consenting Lender” means that term as defined in Section 11.3(c) hereof. 

“Non-Credit Party” means a Company that is not a Credit Party. 

“Non-Credit Party Exposure” means the aggregate amount, incurred on or after the Closing Date, of loans by a Credit Party to,
investments by a Credit Party in, guaranties by a Credit Party of Indebtedness of, and Letters of Credit issued to or for the benefit of, a Foreign Subsidiary that is a Non-Credit Party. 

“Non-U.S. Lender” means that term as defined in Section 3.2(c) hereof. 

“Note” means a Revolving Credit Note or the Swing Line Note, or any other promissory note delivered pursuant to this Agreement.

 “Notice of Loan” means a Notice of Loan in the form of the attached Exhibit C. 

“Obligations” means, collectively, (a) all Indebtedness and other obligations now owing or hereafter incurred by the
Borrower to the Administrative Agent, the Swing Line Lender, the Fronting Lender, or any Lender pursuant to this Agreement and the other Loan Documents, and includes the principal of and interest on all Loans, and all obligations of the Borrower or
any 

  
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other Credit Party pursuant to Letters of Credit; (b) each extension, renewal, consolidation or refinancing of any of the foregoing, in whole or in part; (c) the commitment and other
fees, and any prepayment fees payable pursuant to this Agreement or any other Loan Document; (d) all fees and charges in connection with the Letters of Credit; (e) every other liability, now or hereafter owing to the Administrative Agent
or any Lender by any Company pursuant to this Agreement or any other Loan Document; and (f) all Related Expenses. 

“Operating Leases” means all real or personal property leases under which any Company is bound or obligated as a lessee or
sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor. 

“Organizational Documents” means, with respect to any Person (other than an individual), such Person’s Articles
(Certificate) of Incorporation, operating agreement or equivalent formation documents, and Regulations (Bylaws), or equivalent governing documents, and any amendments to any of the foregoing. 

“Other Taxes” means any and all present or future stamp or documentary taxes or any other excise, ad valorem or property taxes,
goods and services taxes, harmonized sales taxes and other sales taxes, use taxes, value added taxes, charges or similar taxes or levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with
respect to, this Agreement or any other Loan Document. 
 “Participant” means that term as defined in
Section 11.11 hereof. 
 “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001, USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001, as amended from time to time. 
 “PBGC” means the Pension Benefit Guaranty Corporation, and its successor. 
 “Pension Plan” means an ERISA Plan that is a “pension plan” (within the meaning of ERISA Section 3(2)). 
 “Permitted Foreign Subsidiary Loans and Investments” means: 
 (a) the investments by the Borrower or a Domestic Subsidiary in one or more Foreign Subsidiaries, in an aggregate amount not to exceed, at any time, the amounts existing as of the Closing Date and set
forth on Schedule 5.11 hereto (for clarification, the amount of any investment in equity interests shall be based upon the amount invested as of the Closing Date and shall not include any appreciation in value or return on such investment
after the Closing Date, but shall take into account return of capital paid in cash to the Borrower or such Domestic Subsidiary after the Closing Date); 

  
 20 

 (b) the loans by the Borrower or a Domestic Subsidiary to a Foreign
Subsidiary, in such amounts existing as of the Closing Date and set forth on Schedule 5.11 hereto; 
 (c)
any investment by a Foreign Subsidiary in, or loan from a Foreign Subsidiary to, or guaranty from a Foreign Subsidiary of Indebtedness of, a Company; 
 (d) any Non-Credit Party Exposure (incurred after the Closing Date) with respect to a Foreign Subsidiary, not otherwise permitted under this definition, so long as the Non-Credit Party Exposure of all
Credit Parties to all Foreign Subsidiaries incurred pursuant to this subpart (d) during any fiscal year of the Borrower does not exceed the greater of (i) Twenty Million Dollars ($20,000,000), or (ii) two percent (2%) of the
Borrower’s Consolidated gross revenues for the most recent fiscal year of the Borrower for which financial statements have been delivered to the Administrative Agent pursuant to Section 5.3(b) hereof; 

(e) any loans by a Credit Party to, and any investments by a Credit Party in, a Foreign Subsidiary, so long as
(i) substantially all of the proceeds of such loans and investments are used by such Foreign Subsidiary to consummate an Acquisition of a Person that is organized under the laws of any jurisdiction other than the United States, any State
thereof or the District of Columbia, (ii) the aggregate amount of such loans and investments made with respect to a specific Acquisition, do not exceed the amount of cash Consideration paid for such Acquisition, and (iii) the aggregate
amount of all such loans and investments outstanding at any time, for all Foreign Subsidiaries, do not exceed the aggregate amount of Fifty Million Dollars ($50,000,000); and 

(f) any investment by a Credit Party in a Foreign Subsidiary as a result of a transfer of Intellectual Property permitted
pursuant to Section 5.12(h) hereof. 
 “Permitted Investment” means an investment of a Company, made after the
Closing Date, in the stock (or other debt or equity instruments) of a Person (other than a Company), so long as the aggregate amount of all such investments of all Companies does not exceed, at any time, an aggregate amount (as determined when each
such investment is made) of Ten Million Dollars ($10,000,000). 
 “Person” means any individual, sole proprietorship,
partnership, joint venture, unincorporated organization, corporation, limited liability company, unlimited liability company, institution, trust, estate, Governmental Authority or any other entity. 

“Pledge Agreement” means each of the Pledge Agreements, relating to the Pledged Securities, executed and delivered by the
Borrower or a Guarantor of Payment, as applicable, in favor of the Administrative Agent, for the benefit of the Lenders, dated as of the Closing Date, and any other Pledge Agreement executed by any other Subsidiary on or after the Closing Date, as
any of the foregoing may from time to time be amended, restated or otherwise modified. 

  
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 “Pledged Notes” means the promissory notes payable to the Borrower, as described
on Schedule 7.4 hereto, and any additional or future promissory notes that may hereafter from time to time be payable to the Borrower. 
 “Pledged Securities” means all of the shares of capital stock or other equity interest of a Subsidiary of a Credit Party, whether now owned or hereafter acquired or created, and all proceeds
thereof; provided that Pledged Securities shall exclude (a) shares of capital stock or other equity interests of any Foreign Subsidiary that is not a first-tier Foreign Subsidiary, and (b) shares of voting capital stock or other voting
equity interests in any first-tier Foreign Subsidiary in excess of sixty-five percent (65%) of the total outstanding shares of voting capital stock or other voting equity interest of any such first-tier Foreign Subsidiary. (Schedule 3
hereto lists, as of the Closing Date, all of the Pledged Securities.) 
 “Prime Rate” means the interest rate
established from time to time by the Administrative Agent as the Administrative Agent’s prime rate, whether or not such rate shall be publicly announced; the Prime Rate may not be the lowest interest rate charged by the Administrative Agent for
commercial or other extensions of credit. Each change in the Prime Rate shall be effective immediately from and after such change. 
 “Proceeds” means (a) proceeds, as that term is defined in the U.C.C., and any other proceeds, and (b) whatever is received upon the sale, exchange, collection or other disposition of
Collateral or proceeds, whether cash or non-cash. Cash proceeds include, without limitation, moneys, checks and Deposit Accounts. Proceeds include, without limitation, any Account arising when the right to payment is earned under a contract right,
any insurance payable by reason of loss or damage to the Collateral, and any return or unearned premium upon any cancellation of insurance. Except as expressly authorized in this Agreement, the right of the Administrative Agent and the Lenders to
Proceeds specifically set forth herein or indicated in any financing statement shall never constitute an express or implied authorization on the part of the Administrative Agent or any Lender to a Company’s sale, exchange, collection or other
disposition of any or all of the Collateral. 
 “Register” means that term as described in Section 11.10(i)
hereof. 
 “Regularly Scheduled Payment Date” means the last day of each March, June, September and December of each
year. 
 “Related Expenses” means any and all costs, liabilities and expenses (including, without limitation, losses,
damages, penalties, claims, actions, reasonable attorneys’ fees, legal expenses, judgments, suits and disbursements) (a) incurred by the Administrative Agent, or imposed upon or asserted against the Administrative Agent or any Lender, in
any attempt by the Administrative Agent and the Lenders to (i) obtain, preserve, perfect or enforce any Loan Document or any security interest evidenced by any Loan Document; (ii) obtain payment, performance or observance of any and all of
the Obligations; or (iii) maintain, insure, audit, collect, preserve, repossess or dispose of any of the collateral securing the Obligations or any part thereof, including, without limitation, reasonable costs and expenses for appraisals,
assessments and audits of any Company or any such collateral; or (b) incidental or related to subpart (a) above, 

  
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including, without limitation, interest thereupon from the date incurred, imposed or asserted until paid at the Default Rate. 

“Related Writing” means each Loan Document and any other assignment, mortgage, security agreement, guaranty agreement,
subordination agreement, financial statement, audit report or other writing furnished by any Credit Party, or any of its officers, to the Administrative Agent or the Lenders pursuant to or otherwise in connection with this Agreement. 

“Reportable Event” means any of the events described in Section 4043 of ERISA, except where notice is waived by the PBGC.

 “Required Lenders” means the holders of at least fifty-one percent (51%), based upon each Lender’s Commitment
Percentage, of an amount (the “Total Amount”) equal to (a) during the Commitment Period, the Total Commitment Amount, or (b) after the Commitment Period, the Revolving Credit Exposure; provided that (i) the portion of the
Total Amount held or deemed to be held by any Defaulting Lender or Insolvent Lender shall be excluded for purposes of making a determination of Required Lenders, and (ii) if there shall be two or more Lenders (that are not Defaulting Lenders or
Insolvent Lenders), Required Lenders shall constitute at least two Lenders. 
 “Requirement of Law” means, as to any
Person, any law, treaty, rule or regulation or determination or policy statement or interpretation of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property.

 “Reserve Percentage” means, for any day, that percentage (expressed as a decimal) that is in effect on such day, as
prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, all basic, supplemental, marginal and other reserves and taking into account any
transitional adjustments or other scheduled changes in reserve requirements) for a member bank of the Federal Reserve System in Cleveland, Ohio, in respect of Eurocurrency Liabilities. The Eurodollar Rate shall be adjusted automatically on and as of
the effective date of any change in the Reserve Percentage. 
 “Restricted Payment” means, with respect to any
Company, (a) any Capital Distribution, (b) any amount paid by such Company in repayment, redemption, retirement or repurchase, directly or indirectly, of any Subordinated Indebtedness, or (c) any amount paid by such Company in respect
of any management, consulting or other similar arrangement with any equity holder (other than a Company) of a Company or an Affiliate that, with respect to this subpart (c), when added to all such payments by all Companies, would result in payments
in excess of the aggregate amount of One Million Five Hundred Thousand Dollars ($1,500,000) in any fiscal year. 

“Revolving Amount” means the Closing Revolving Amount, as such amount may be increased up to the Maximum Revolving Amount
pursuant to Section 2.9(b) hereof, or decreased pursuant to Section 2.9(a) hereof. 

  
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 “Revolving Credit Commitment” means the obligation hereunder, during the
Commitment Period, of (a) the Revolving Lenders (and each Revolving Lender) to make Revolving Loans, (b) the Fronting Lender to issue and each Revolving Lender to participate in, Letters of Credit pursuant to the Letter of Credit
Commitment, and (c) the Swing Line Lender to make, and each Revolving Lender to participate in, Swing Loans pursuant to the Swing Line Commitment; up to an aggregate principal amount outstanding at any time equal to the Revolving Amount.

 “Revolving Credit Exposure” means, at any time, the sum of (a) the aggregate principal amount of all Revolving
Loans outstanding, (b) the Swing Line Exposure, and (c) the Letter of Credit Exposure. 
 “Revolving Credit
Note” means a Revolving Credit Note, in the form of the attached Exhibit A, executed and delivered pursuant to Section 2.4(a) hereof. 
 “Revolving Lender” means a Lender with a percentage of the Revolving Credit Commitment as set forth on Schedule 1 hereto, or that acquires a percentage of the Revolving Credit Commitment
pursuant to Section 2.9(b) or 11.10 hereof. 
 “Revolving Loan” means a loan made to the Borrower by the
Revolving Lenders in accordance with Section 2.2(a) hereof. 
 “SEC” means the United States Securities and
Exchange Commission, or any governmental body or agency succeeding to any of its principal functions. 
 “Secured
Obligations” means, collectively, (a) the Obligations, (b) all obligations and liabilities of the Companies owing to a Lender (or an entity that is an affiliate of a then existing Lender) under Hedge Agreements, and (c) the Bank
Product Obligations owing to a Lender (or an entity that is an affiliate of a then existing Lender) under Bank Product Agreements. 
 “Securities Account” means a securities account, as that term is defined in the U.C.C. 
 “Securities Account Control Agreement” means each Securities Account Control Agreement among a Credit Party, the Administrative Agent and a Securities Intermediary, dated prior to, on or after
the Closing Date, to be in form and substance satisfactory to the Administrative Agent, as the same may from time to time be amended, restated or otherwise modified. 
 “Securities Intermediary” means a clearing corporation or a Person, including, without limitation, a bank or broker, that in the ordinary course of its business maintains Securities Accounts for
others and is acting in that capacity. 
 “Security Agreement” means each Security Agreement, executed and delivered
by a Guarantor of Payment in favor of the Administrative Agent, for the benefit of the Lenders, dated 

  
 24 

 
as of the Closing Date, and any other Security Agreement executed after the Closing Date, as the same may from time to time be amended, restated or otherwise modified. 

“Security Agreement Joinder” means each Security Agreement Joinder, executed and delivered by a Guarantor of Payment for the
purpose of adding such Guarantor of Payment as a party to the previously executed Security Agreement. 
 “Security
Documents” means each Security Agreement, each Security Agreement Joinder, each Pledge Agreement, each Intellectual Property Security Agreement, each Landlord’s Waiver, each Control Agreement, each U.C.C. Financing Statement or similar
filing as to a jurisdiction located outside of the United States of America filed in connection herewith or perfecting any interest created in any of the foregoing documents, and any other document pursuant to which any Lien is granted by a Company
to the Administrative Agent, for the benefit of the Lenders, as security for the Secured Obligations, or any part thereof, and each other agreement executed or provided to the Administrative Agent in connection with any of the foregoing, as any of
the foregoing may from time to time be amended, restated or otherwise modified or replaced. 
 “Significant Asset
Disposition” means a Disposition or a related series of Dispositions in which the aggregate fair market value or book value, whichever is greater, of the assets sold, leased, transferred or otherwise disposed of shall be greater than or equal
to Five Million Dollars ($5,000,000). 
 “Solvent” means, with respect to any Person, that (a) the fair value of
such Person’s assets is in excess of the total amount of such Person’s debts, as determined in accordance with the Bankruptcy Code, (b) the present fair saleable value of such Person’s assets is in excess of the amount that will
be required to pay such Person’s debts as such debts become absolute and matured, (c) such Person is able to realize upon its assets and pay its debts and other liabilities (including disputed, contingent and unliquidated liabilities) as
such liabilities mature in the normal course of business, (d) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond its ability to pay as such debts and liabilities mature, and (e) such Person
is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which its property would constitute an unreasonably small amount of capital. As used in this definition, the term “debts” includes
any legal liability, whether matured or unmatured, liquidated or unliquidated, absolute, fixed or contingent, as determined in accordance with the Bankruptcy Code. 
 “Standard & Poor’s” means Standard & Poor’s Ratings Group, a division of McGraw-Hill, Inc., and any successor to such company. 

“Subordinated Creditor” means any Person that shall have entered into a Subordination Agreement with the Administrative Agent,
on behalf of the Lenders, subsequent to the Closing Date. 

  
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 “Subordinated Debt Documents” means each subordinated promissory note or agreement
issued by a Credit Party to a Subordinated Creditor, and each other promissory note, instrument and agreement executed in connection therewith. 
 “Subordinated Indebtedness” means Indebtedness that shall have been subordinated (by written terms or written agreement being, in either case, in form and substance reasonably satisfactory to
the Administrative Agent) in favor of the prior payment in full of the Obligations. 
 “Subordination Agreement” means
a subordination agreement, to be prepared by, and in form and substance reasonably satisfactory to, the Administrative Agent, executed and delivered by a Subordinated Creditor in connection with this Agreement, as the same may from time to time be
amended, restated or otherwise modified. 
 “Subsidiary” means (a) a corporation more than fifty percent
(50%) of the Voting Power of which is owned, directly or indirectly, by the Borrower or by one or more other subsidiaries of the Borrower or by the Borrower and one or more subsidiaries of the Borrower, (b) a partnership, limited liability
company or unlimited liability company of which the Borrower, one or more other subsidiaries of the Borrower or the Borrower and one or more subsidiaries of the Borrower, directly or indirectly, is a general partner or managing member, as the case
may be, or otherwise has an ownership interest greater than fifty percent (50%) of all of the ownership interests in such partnership, limited liability company or unlimited liability company, or (c) any other Person (other than a
corporation, partnership, limited liability company or unlimited liability company) in which the Borrower, one or more other subsidiaries of the Borrower or the Borrower and one or more subsidiaries of the Borrower, directly or indirectly, has at
least a majority interest in the Voting Power or the power to elect or direct the election of a majority of directors or other governing body of such Person. 
 “Swing Line Commitment” means the commitment of the Swing Line Lender to make Swing Loans to the Borrower, on a discretionary basis, up to the aggregate amount at any time outstanding of Ten
Million Dollars ($10,000,000). 
 “Swing Line Exposure” means, at any time, the aggregate principal amount of all
Swing Loans outstanding. 
 “Swing Line Lender” means KeyBank, as holder of the Swing Line Commitment. 

“Swing Line Note” means the Swing Line Note, in the form of the attached Exhibit B executed and delivered pursuant
to Section 2.4(b) hereof. 
 “Swing Loan” means a loan that shall be denominated in Dollars made to the Borrower
by the Swing Line Lender under the Swing Line Commitment, in accordance with Section 2.2(c) hereof. 
 “Swing Loan
Maturity Date” means, with respect to any Swing Loan, the earlier of (a) thirty (30) days after the date such Swing Loan is made, or (b) the last day of the Commitment Period. 

  
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 “Taxes” means any and all present or future taxes of any kind, including but not
limited to, levies, imposts, duties, surtaxes, charges, fees, deductions or withholdings now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority (together with any interest, penalties, fines, additions to
taxes or similar liabilities with respect thereto) other than Excluded Taxes. 
 “Total Commitment Amount” means the
principal amount of Two Hundred Fifty Million Dollars ($250,000,000), as such amount may be increased pursuant to Section 2.9(b) hereof, or decreased pursuant to Section 2.9(a) hereof. 

“U.C.C.” means the Uniform Commercial Code, as in effect from time to time in the State of New York. 

“U.C.C. Financing Statement” means a financing statement filed or to be filed in accordance with the Uniform Commercial Code,
as in effect from time to time, in the relevant state or states. 
 “Voting Power” means, with respect to any Person,
the exclusive ability to control, through the ownership of shares of capital stock, partnership interests, membership interests or otherwise, the election of members of the board of directors or other similar governing body of such Person. The
holding of a designated percentage of Voting Power of a Person means the ownership of shares of capital stock, partnership interests, membership interests or other interests of such Person sufficient to control exclusively the election of that
percentage of the members of the board of directors or similar governing body of such Person. 
 “Welfare Plan” means
an ERISA Plan that is a “welfare plan” within the meaning of ERISA Section 3(l). 
 Section 1.2.
Accounting Terms. Any accounting term not specifically defined in this Article I shall have the meaning ascribed thereto by GAAP. 
 Section 1.3. Terms Generally. The foregoing definitions shall be applicable to the singular and plural forms of the foregoing defined terms. Unless otherwise defined in this Article I, terms
that are defined in the U.C.C. are used herein as so defined. 
 ARTICLE II. AMOUNT AND TERMS OF CREDIT 

Section 2.1. Amount and Nature of Credit. 
 (a) Subject to the terms and conditions of this Agreement, the Lenders, during the Commitment Period and to the extent hereinafter provided, shall make Loans to the Borrower, participate in Swing Loans
made by the Swing Line Lender to the Borrower, and issue or participate in Letters of Credit at the request of the Borrower, in such aggregate amount as the Borrower shall request pursuant to the Commitment; provided that in no event shall the

  
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aggregate principal amount of all Loans and Letters of Credit outstanding under this Agreement be in excess of the Total Commitment Amount. 

(b) Each Lender, for itself and not one for any other, agrees to make Loans, participate in Swing Loans, and issue or participate in
Letters of Credit, during the Commitment Period, on such basis that, immediately after the completion of any borrowing by the Borrower or the issuance of a Letter of Credit: 

(i) the aggregate outstanding principal amount of Loans made by such Lender (other than Swing Loans made by the Swing Line
Lender), when combined with such Lender’s pro rata share, if any, of the Letter of Credit Exposure and the Swing Line Exposure, shall not be in excess of the Maximum Amount for such Lender; and 

(ii) the aggregate outstanding principal amount of Loans (other than Swing Loans) made by such Lender shall represent that
percentage of the aggregate principal amount then outstanding on all Loans (other than Swing Loans) that shall be such Lender’s Commitment Percentage. 
 Each borrowing (other than Swing Loans which shall be risk participated on a pro rata basis) from the Lenders shall be made pro rata according to the respective Commitment Percentages of the Lenders.

 (c) The Loans may be made as Revolving Loans as described in Section 2.2(a) hereof, and as Swing Loans as described in
Section 2.2(c) hereof, and Letters of Credit may be issued in accordance with Section 2.2(b) hereof. 

Section 2.2. Revolving Credit Commitment. 
 (a) Revolving Loans. Subject to the terms and conditions of this Agreement, during the Commitment Period, the Revolving Lenders shall make a Revolving Loan or Revolving Loans to the Borrower in
such amount or amounts as the Borrower, through an Authorized Officer, may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder the Revolving Credit Commitment, when such Revolving Loans are
combined with the Letter of Credit Exposure and the Swing Line Exposure. The Borrower shall have the option, subject to the terms and conditions set forth herein, to borrow Revolving Loans, maturing on the last day of the Commitment Period, by means
of any combination of Base Rate Loans or Eurodollar Loans. Subject to the provisions of this Agreement, the Borrower shall be entitled under this Section 2.2(a) to borrow Revolving Loans, repay the same in whole or in part and re-borrow
Revolving Loans hereunder at any time and from time to time during the Commitment Period. 
 (b) Letters of Credit.

 (i) Generally. Subject to the terms and conditions of this Agreement, during the Commitment Period, the
Fronting Lender shall, in its own name, on behalf of the Revolving Lenders, issue such Letters of Credit for the account of the Borrower or a 

  
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Guarantor of Payment, as the Borrower may from time to time request. The Borrower shall not request any Letter of Credit (and the Fronting Lender shall not be obligated to issue any Letter of
Credit) if, after giving effect thereto, (A) the Letter of Credit Exposure would exceed the Letter of Credit Commitment, or (B) the Revolving Credit Exposure would exceed the Revolving Credit Commitment. The issuance of each Letter of
Credit shall confer upon each Revolving Lender the benefits and liabilities of a participation consisting of an undivided pro rata interest in the Letter of Credit to the extent of such Revolving Lender’s Commitment Percentage. 

(ii) Request for Letter of Credit. Each request for a Letter of Credit shall be delivered to the Administrative
Agent (and to the Fronting Lender, if the Fronting Lender is a Lender other than the Administrative Agent) by an Authorized Officer not later than 11:00 A.M. (Eastern time) three Business Days prior to the date of the proposed issuance of the Letter
of Credit (or such shorter period as may be acceptable to the Fronting Lender). Each such request shall be in a form acceptable to the Administrative Agent (and the Fronting Lender, if the Fronting Lender is a Lender other than the Administrative
Agent) and shall specify the face amount thereof, the account party, the beneficiary, the requested date of issuance, amendment, renewal or extension, the expiry date thereof, and the nature of the transaction or obligation to be supported thereby.
Concurrently with each such request, the Borrower, and any Guarantor of Payment for whose account the Letter of Credit is to be issued, shall execute and deliver to the Fronting Lender an appropriate application and agreement, being in the standard
form of the Fronting Lender for such letters of credit, as amended to conform to the provisions of this Agreement if required by the Administrative Agent. The Administrative Agent shall give the Fronting Lender and each Revolving Lender notice of
each such request for a Letter of Credit. 
 (iii) Standby Letters of Credit Fees. With respect to each
Letter of Credit that shall be a standby letter of credit and the drafts thereunder, if any, whether issued for the account of the Borrower or a Guarantor of Payment, the Borrower agrees to (A) pay to the Administrative Agent, for the pro rata
benefit of the Revolving Lenders, a non-refundable commission based upon the undrawn amount of such Letter of Credit, which shall be paid quarterly in arrears, on each Regularly Scheduled Payment Date, in an amount equal to the aggregate sum of the
Letter of Credit Fee for such Letter of Credit for each day of such quarter; (B) pay to the Administrative Agent, for the sole benefit of the Fronting Lender, an additional Letter of Credit fee, which shall be paid on each date that such Letter
of Credit shall be issued, amended or renewed at the rate of one-fourth percent (1/4%) of the face amount of such Letter of Credit; and (C) pay to the Administrative Agent, for the sole benefit of the Fronting Lender, such other issuance,
amendment, renewal, negotiation, draw, acceptance, telex, courier, postage and similar transactional fees as are customarily charged by the Fronting Lender in respect of the issuance and administration of similar letters of credit under its fee
schedule as in effect from time to time. 
 (iv) Refunding of Letters of Credit with Revolving Loans.
Whenever a Letter of Credit shall be drawn, the Borrower shall immediately reimburse the Fronting Lender 

  
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for the amount drawn. In the event that the amount drawn shall not have been reimbursed by the Borrower on the date of the drawing of such Letter of Credit, at the sole option of the
Administrative Agent (and the Fronting Lender, if the Fronting Lender is a Lender other than the Administrative Agent), the Borrower shall be deemed to have requested a Revolving Loan, subject to the provisions of Sections 2.2(a) and 2.5 hereof
(other than the requirement set forth in Section 2.5(d) hereof), in the amount drawn. Such Revolving Loan shall be evidenced by the Revolving Credit Notes (or, if a Lender has not requested a Revolving Credit Note, by the records of the
Administrative Agent and such Lender). Each Revolving Lender agrees to make a Revolving Loan on the date of such notice, subject to no conditions precedent whatsoever. Each Revolving Lender acknowledges and agrees that its obligation to make a
Revolving Loan pursuant to Section 2.2(a) hereof when required by this Section 2.2(b)(iv) shall be absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and
continuance of a Default or Event of Default, and that its payment to the Administrative Agent, for the account of the Fronting Lender, of the proceeds of such Revolving Loan shall be made without any offset, abatement, recoupment, counterclaim,
withholding or reduction whatsoever and whether or not the Revolving Credit Commitment shall have been reduced or terminated. The Borrower irrevocably authorizes and instructs the Administrative Agent to apply the proceeds of any borrowing pursuant
to this Section 2.2(b)(iv) to reimburse, in full (other than the Fronting Lender’s pro rata share of such borrowing), the Fronting Lender for the amount drawn on such Letter of Credit. Each such Revolving Loan shall be deemed to be a Base
Rate Loan unless otherwise requested by and available to the Borrower hereunder. Each Revolving Lender is hereby authorized to record on its records relating to its Revolving Credit Note (or, if such Lender has not requested a Revolving Credit Note,
its records relating to Revolving Loans) such Revolving Lender’s pro rata share of the amounts paid and not reimbursed on the Letters of Credit. 
 (v) Participation in Letters of Credit. If, for any reason, the Administrative Agent (and the Fronting Lender if the Fronting Lender is a Lender other than the Administrative Agent) shall be unable
to or, in the opinion of the Administrative Agent, it shall be impracticable to, convert any amount drawn under a Letter of Credit to a Revolving Loan pursuant to the preceding subsection, the Administrative Agent (and the Fronting Lender if the
Fronting Lender is a Lender other than the Administrative Agent) shall have the right to request that each Revolving Lender fund a participation in the amount due with respect to such Letter of Credit, and the Administrative Agent shall promptly
notify each Revolving Lender thereof (by facsimile or electronic communication, in each case confirmed by telephone, or by telephone confirmed in writing). Upon such notice, but without further action, the Fronting Lender hereby agrees to grant to
each Revolving Lender, and each Revolving Lender hereby agrees to acquire from the Fronting Lender, an undivided participation interest in the amount due with respect to such Letter of Credit in an amount equal to such Revolving Lender’s
Commitment Percentage of the principal amount due with respect to such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided
above, to pay to the Administrative Agent, for the account of the Fronting Lender, such 

  
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Revolving Lender’s ratable share of the amount due with respect to such Letter of Credit (determined in accordance with such Revolving Lender’s Commitment Percentage). Each Revolving
Lender acknowledges and agrees that its obligation to acquire participations in the amount due under any Letter of Credit that is drawn but not reimbursed by the Borrower pursuant to this subsection (v) shall be absolute and unconditional and
shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and continuance of a Default or Event of Default, and that each such payment shall be made without any offset, abatement, recoupment, counterclaim,
withholding or reduction whatsoever and whether or not the Revolving Credit Commitment shall have been reduced or terminated. Each Revolving Lender shall comply with its obligation under this subsection (v) by wire transfer of immediately
available funds, in the same manner as provided in Section 2.5 hereof with respect to Revolving Loans. Each Revolving Lender is hereby authorized to record on its records such Revolving Lender’s pro rata share of the amounts paid and not
reimbursed on the Letters of Credit. 
 (vi) Requests for Letters of Credit When One or More Revolving Lenders
are Affected Lenders. If a Letter of Credit is requested at such time that a Revolving Lender is an Affected Lender hereunder, then (A) such Letter of Credit shall be issued to the extent that the Administrative Agent shall have entered
into satisfactory (to the Administrative Agent and the Fronting Lender) arrangements with the Borrower or such Affected Lender to eliminate or mitigate the reimbursement risk with respect to such Affected Lender (including, without limitation, the
posting of cash collateral), or (B) the Administrative Agent shall issue a Letter of Credit in an amount that is the amount of the requested Letter of Credit less the Commitment Percentage of such Affected Lender times the amount of the
requested Letter of Credit. 
 (vii) Letters of Credit Issued and Outstanding When One or More Revolving
Lenders are Affected Lenders. With respect to any Letters of Credit that have been issued and are outstanding at the time any Revolving Lender is an Affected Lender, the Administrative Agent (and the Fronting Lender) shall have the right to
require that the Borrower cash collateralize, in form and substance satisfactory to the Administrative Agent (and the Fronting Lender), such Letters of Credit so as to eliminate or mitigate the reimbursement risk with respect to such Affected
Lender. 
 (c) Swing Loans. 
 (i) Generally. Subject to the terms and conditions of this Agreement, during the Commitment Period, the Swing Line Lender shall make a Swing Loan or Swing Loans to the Borrower in such amount or
amounts as the Borrower, through an Authorized Officer, may from time to time request; provided that the Borrower shall not request any Swing Loan if, after giving effect thereto, (A) the Revolving Credit Exposure would exceed the Revolving
Credit Commitment, or (B) the Swing Line Exposure would exceed the Swing Line Commitment. Each Swing Loan shall be due and payable on the Swing Loan Maturity Date applicable thereto. 

  
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 (ii) Refunding of Swing Loans. If the Swing Line Lender so elects, by
giving notice to the Borrower and the Revolving Lenders, the Borrower agrees that the Swing Line Lender shall have the right, in its sole discretion, to require that the then outstanding Swing Loans be refinanced as a Revolving Loan. Such Revolving
Loan shall be a Base Rate Loan unless otherwise requested by and available to the Borrower hereunder. Upon receipt of such notice by the Borrower and the Revolving Lenders, the Borrower shall be deemed, on such day, to have requested a Revolving
Loan in the principal amount of the Swing Loan in accordance with Sections 2.2(a) and 2.5 hereof (other than the requirement set forth in Section 2.5(d) hereof). Such Revolving Loan shall be evidenced by the Revolving Credit Notes (or, if a
Revolving Lender has not requested a Revolving Credit Note, by the records of the Administrative Agent and such Revolving Lender). Each Revolving Lender agrees to make a Revolving Loan on the date of such notice, subject to no conditions precedent
whatsoever. Each Revolving Lender acknowledges and agrees that such Revolving Lender’s obligation to make a Revolving Loan pursuant to Section 2.2(a) hereof when required by this Section 2.2(c)(ii) is absolute and unconditional and
shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and continuance of a Default or Event of Default, and that its payment to the Administrative Agent, for the account of the Swing Line Lender, of the
proceeds of such Revolving Loan shall be made without any offset, abatement, recoupment, counterclaim, withholding or reduction whatsoever and whether or not the Revolving Credit Commitment shall have been reduced or terminated. The Borrower
irrevocably authorizes and instructs the Administrative Agent to apply the proceeds of any borrowing pursuant to this Section 2.2(c)(ii) to repay in full such Swing Loan. Each Revolving Lender is hereby authorized to record on its records
relating to its Revolving Credit Note (or, if such Revolving Lender has not requested a Revolving Credit Note, its records relating to Revolving Loans) such Revolving Lender’s pro rata share of the amounts paid to refund such Swing Loan.

 (iii) Participation in Swing Loans. If, for any reason, the Swing Line Lender is unable to or, in the
opinion of the Administrative Agent, it is impracticable to, convert any Swing Loan to a Revolving Loan pursuant to the preceding Section 2.2(c)(ii), then on any day that a Swing Loan is outstanding (whether before or after the maturity
thereof), the Administrative Agent shall have the right to request that each Revolving Lender fund a participation in such Swing Loan, and the Administrative Agent shall promptly notify each Revolving Lender thereof (by facsimile or electronic
communication, in each case confirmed by telephone, or by telephone confirmed in writing). Upon such notice, but without further action, the Swing Line Lender hereby agrees to grant to each Revolving Lender, and each Revolving Lender hereby agrees
to acquire from the Swing Line Lender, an undivided participation interest in the right to share in the payment of such Swing Loan in an amount equal to such Revolving Lender’s Commitment Percentage of the principal amount of such Swing Loan.
In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the benefit of the Swing Line Lender, such
Revolving Lender’s ratable share of such Swing Loan (determined in accordance with such Revolving Lender’s Commitment Percentage). Each Revolving Lender acknowledges and agrees that its obligation to acquire

  
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participations in Swing Loans pursuant to this Section 2.2(c)(iii) is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the
occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, recoupment, counterclaim, withholding or reduction whatsoever and whether or not the Revolving Credit Commitment
shall have been reduced or terminated. Each Revolving Lender shall comply with its obligation under this Section 2.2(c)(iii) by wire transfer of immediately available funds, in the same manner as provided in Section 2.5 hereof with respect
to Revolving Loans to be made by such Revolving Lender. 
 (iv) Requests for Swing Loan When One or More
Revolving Lenders are Affected Lenders. If a Swing Loan is requested at such time that a Revolving Lender is an Affected Lender hereunder, then (A) such Swing Loan shall be issued to the extent that the Administrative Agent shall have
entered into satisfactory (to the Administrative Agent and the Swing Line Lender) arrangements with the Borrower or such Affected Lender to eliminate or mitigate the reimbursement risk with respect to such Affected Lender (including, without
limitation, the posting of cash collateral), or (B) the Administrative Agent shall issue a Swing Loan in an amount that is the amount of the requested Swing Loan less the Commitment Percentage of such Affected Lender times the amount of the
requested Swing Loan. 
 Section 2.3. Interest. 

(a) Revolving Loans. 
 (i) Base Rate Loan. The Borrower shall pay interest on the unpaid principal amount of a Revolving Loan that is a Base Rate Loan outstanding from time to time from the date thereof until paid at the
Derived Base Rate from time to time in effect. Interest on such Base Rate Loan shall be payable, commencing December 31, 2011, and continuing on each Regularly Scheduled Payment Date thereafter and at the maturity thereof. 

(ii) Eurodollar Loans. The Borrower shall pay interest on the unpaid principal amount of each Revolving Loan that
is a Eurodollar Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin for
Eurodollar Loans), at the Derived Eurodollar Rate. Interest on such Eurodollar Loan shall be payable on each Interest Adjustment Date with respect to an Interest Period (provided that, if an Interest Period shall exceed three months, the interest
must also be paid every three months, commencing three months from the beginning of such Interest Period). 
 (b) Swing
Loans. The Borrower shall pay interest to the Administrative Agent, for the sole benefit of the Swing Line Lender (and any Revolving Lender that shall have funded a participation in such Swing Loan), on the unpaid principal amount of each Swing
Loan outstanding from time to time, from the date thereof until paid, at the Derived Base Rate from 

  
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time to time in effect. Interest on each Swing Loan shall be payable on each Regularly Scheduled Payment Date. Each Swing Loan shall bear interest for a minimum of one day. 

(c) Default Rate. Anything herein to the contrary notwithstanding, if an Event of Default shall occur and be continuing, upon the
election of the Administrative Agent or the Required Lenders (i) the principal of each Loan and the unpaid interest thereon shall bear interest, until paid, at the Default Rate, (ii) the fee for the aggregate undrawn amount of all issued
and outstanding Letters of Credit shall be increased by two percent (2%) in excess of the rate otherwise applicable thereto, and (iii) in the case of any other amount not paid when due from the Borrower hereunder or under any other Loan
Document, such amount shall bear interest at the Default Rate; provided that, during an Event of Default under Section 8.11(b) hereof, the applicable Default Rate shall apply without any election or action on the part of the Administrative
Agent or any Lender. 
 (d) Limitation on Interest. In no event shall the rate of interest hereunder exceed the maximum
rate allowable by law. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law
(the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal,
refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (i) characterize
any payment that is not principal as an expense, fee, or premium rather than interest, (ii) exclude voluntary prepayments and the effects thereof, and (iii) amortize, prorate, allocate, and spread in equal or unequal parts the total amount
of interest throughout the contemplated term of the Obligations. 
 Section 2.4. Evidence of Indebtedness.

 (a) Revolving Loans. Upon the request of a Revolving Lender, to evidence the obligation of the Borrower to repay the
Revolving Loans made by such Revolving Lender and to pay interest thereon, the Borrower shall execute a Revolving Credit Note, payable to the order of such Revolving Lender in the principal amount equal to its Commitment Percentage of the Revolving
Credit Commitment, or, if less, the aggregate unpaid principal amount of Revolving Loans made by such Revolving Lender; provided that the failure of a Revolving Lender to request a Revolving Credit Note shall in no way detract from the
Borrower’s obligations to such Revolving Lender hereunder. 
 (b) Swing Loans. Upon the request of the Swing Line
Lender, to evidence the obligation of the Borrower to repay the Swing Loans and to pay interest thereon, the Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line
Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from the Borrower’s obligations
to the Swing Line Lender hereunder. 

  
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 Section 2.5. Notice of Loans and Credit Events; Funding of Loans. 

(a) Notice of Loans and Credit Events. The Borrower, through an Authorized Officer, shall provide to the Administrative Agent a
Notice of Loan prior to (i) 11:00 A.M. (Eastern time) on the proposed date of borrowing of, or conversion of a Loan to, a Base Rate Loan, (ii) 11:00 A.M. (Eastern time) three Business Days prior to the proposed date of borrowing of,
continuation of, or conversion of a Loan to, a Eurodollar Loan, and (iii) 2:00 P.M. (Eastern time) on the proposed date of borrowing of a Swing Loan (or such later time as agreed to from time to time by the Swing Line Lender). An Authorized
Officer of the Borrower may verbally request a Loan, so long as a Notice of Loan is received by the end of the same Business Day, and, if the Administrative Agent or any Lender provides funds or initiates funding based upon such verbal request, the
Borrower shall bear the risk with respect to any information regarding such funding that is later determined to have been incorrect. The Borrower shall comply with the notice provisions set forth in Section 2.2(b) hereof with respect to Letters
of Credit. 
 (b) Funding of Loans. The Administrative Agent shall notify each Revolving Lender of the date, amount and
Interest Period (if applicable) promptly upon the receipt of a Notice of Loan (other than for a Swing Loan, or a Revolving Loan to be funded as a Swing Loan), and, in any event, by 2:00 P.M. (Eastern time) on the date such Notice of Loan is
received. On the date that the Credit Event set forth in such Notice of Loan is to occur, each such Revolving Lender shall provide to the Administrative Agent, not later than 3:00 P.M. (Eastern time), the amount in Dollars, in federal or other
immediately available funds, required of it. If the Administrative Agent shall elect to advance the proceeds of such Loan prior to receiving funds from such Revolving Lender, the Administrative Agent shall have the right, upon prior notice to the
Borrower, to debit any account of the Borrower or otherwise receive such amount from the Borrower, promptly after demand, in the event that such Revolving Lender shall fail to reimburse the Administrative Agent in accordance with this subsection.
The Administrative Agent shall also have the right to receive interest from such Revolving Lender at the Federal Funds Effective Rate in the event that such Revolving Lender shall fail to provide its portion of the Loan on the date requested and the
Administrative Agent shall elect to provide such funds. 
 (c) Conversion and Continuation of Loans. 

(i) At the request of the Borrower to the Administrative Agent, subject to the notice and other provisions of this
Agreement, the Lenders shall convert a Base Rate Loan to one or more Eurodollar Loans at any time and shall convert a Eurodollar Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto. Swing Loans may be converted by the Swing
Line Lender to Revolving Loans in accordance with Section 2.2(c)(ii) hereof. 
 (ii) At the request of the
Borrower to the Administrative Agent, subject to the notice and other provisions of this Agreement, the Lenders shall continue one or more Eurodollar Loans as of the end of the applicable Interest Period as a new Eurodollar Loan with a new Interest
Period. 

  
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 (d) Minimum Amount for Loans. Each request for: 

(i) a Base Rate Loan shall be in an amount of not less than Five Hundred Thousand Dollars ($500,000), increased by
increments of One Hundred Thousand Dollars ($100,000); 
 (ii) a Eurodollar Loan shall be in an amount of not
less than Five Hundred Thousand Dollars ($500,000), increased by increments of Five Hundred Thousand Dollars ($500,000); and 
 (iii) a Swing Loan shall be in an amount of not less than One Hundred Thousand Dollars ($100,000), or such lower amount as may be agreed to by the Swing Line Lender. 

(e) Interest Periods. The Borrower shall not request that Eurodollar Loans be outstanding for more than ten different Interest
Periods at the same time. 
 (f) Advancing of Non Pro-Rata Revolving Loans. Notwithstanding anything in this Agreement to
the contrary, if the Borrower requests a Revolving Loan pursuant to Section 2.5(a) hereof (and all conditions precedent set forth in Section 4.1 hereof are met) at a time when one or more Revolving Lenders are Defaulting Lenders, the
Administrative Agent shall have the option, in its sole discretion, to require (and, at the request of the Borrower, shall require) the non-Defaulting Lenders to honor such request by making a non pro-rata Revolving Loan to the Borrower in an amount
equal to (i) the amount requested by the Borrower, minus (ii) the portions of such Revolving Loan that should have been made by such Defaulting Lenders. For purposes of such Revolving Loans, the Revolving Lenders that are making such
Revolving Loan shall do so in proportion to their Commitment Percentages of the amount requested by the Borrower. For the avoidance of doubt, in no event shall the aggregate outstanding principal amount of Loans made by a Lender (other than Swing
Loans made by the Swing Line Lender), when combined with such Lender’s pro rata share, if any, of the Letter of Credit Exposure and the Swing Line Exposure, be in excess of the Maximum Amount for such Lender. 

Section 2.6. Payment on Loans and Other Obligations. 

(a) Payments Generally. Each payment made hereunder by a Credit Party shall be made without any offset, abatement, recoupment,
counterclaim, withholding or reduction whatsoever. 
 (b) Payments from the Borrower. All payments (including
prepayments) to the Administrative Agent of the principal of or interest on each Loan or other payment, including but not limited to principal, interest, fees or any other amount owed by the Borrower under this Agreement, shall be made in Dollars.
All payments described in this subsection (b) shall be remitted to the Administrative Agent, at the address of the Administrative Agent for notices referred to in Section 11.4 hereof for the account of the appropriate Lenders (or the
Fronting Lender or the Swing Line Lender, as appropriate) not later than 11:00 A.M. (Eastern time) on the due date thereof in immediately available funds. Any such payments received by the 

  
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Administrative Agent (or the Fronting Lender or the Swing Line Lender) after 11:00 A.M. (Eastern time) shall be deemed to have been made and received on the next Business Day. 

(c) Payments to Lenders. Upon the Administrative Agent’s receipt of payments hereunder, the Administrative Agent shall
immediately distribute to each Lender (except with respect to Swing Loans, which shall be paid to the Swing Line Lender and any Lender that has funded a participation in the Swing Loans, or, with respect to Letters of Credit, certain of which
payments shall be paid to the Fronting Lender) its ratable shares, if any, of the amount of principal, interest, and commitment and other fees received by the Administrative Agent for the account of such Lender. Payments received by the
Administrative Agent shall be delivered to the Lenders in immediately available funds. Each Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans, Eurodollar Loans, Swing Loans and Letters of Credit,
all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided that failure to make any such entry shall in no
way detract from the obligations of the Borrower under this Agreement or any Note. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the Loans and Letters of Credit set forth on the
records of the Administrative Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal, interest and fees owing to each Lender. 

(d) Timing of Payments. Whenever any payment to be made hereunder, including, without limitation, any payment to be made on any
Loan, shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next Business Day and such extension of time shall in each case be included in the computation of the interest payable on such Loan; provided
that, with respect to a Eurodollar Loan, if the next Business Day shall fall in the succeeding calendar month, such payment shall be made on the preceding Business Day and the relevant Interest Period shall be adjusted accordingly. 

(e) Affected Lender. To the extent that the Administrative Agent receives any payments or other amounts for the account of a
Revolving Lender that is an Affected Lender, at the discretion of the Administrative Agent, such Affected Lender shall be deemed to have requested that the Administrative Agent use such payment or other amount (or any portion thereof, at the
discretion of the Administrative Agent) first, to cash collateralize its unfunded risk participation in Swing Loans and the Letters of Credit pursuant to Sections 2.2(b)(v), 2.2(c)(iii), and 2.5(b) hereof, and, with respect to any Defaulting Lender,
second, to fulfill its obligations to make Loans. 
 (f) Payment of Non Pro-Rata Revolving Loans. Notwithstanding
anything in this Agreement to the contrary, at the sole discretion of the Administrative Agent, in order to pay Revolving Loans that were not advanced pro rata by the Revolving Lenders, any payment of any Loan may first be applied to such Revolving
Loans that were not advanced pro rata. 
 Section 2.7. Prepayment. 

(a) Right to Prepay. 

  
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 (i) The Borrower shall have the right at any time or from time to time to
prepay, on a pro rata basis for all of the appropriate Lenders (except with respect to Swing Loans, which shall be paid to the Swing Line Lender and any Lender that has funded a participation in such Swing Loan), all or any part of the principal
amount of the Loans then outstanding, as designated by the Borrower. Such payment shall include interest accrued on the amount so prepaid to the date of such prepayment and any amount payable under Article III hereof with respect to the amount being
prepaid. Prepayments of Base Rate Loans shall be without any premium or penalty. 
 (ii) The Borrower shall have
the right, at any time or from time to time, to prepay, for the benefit of the Swing Line Lender (and any Revolving Lender that has funded a participation in such Swing Loan), all or any part of the principal amount of the Swing Loans then
outstanding, as designated by the Borrower, plus interest accrued on the amount so prepaid to the date of such prepayment. 
 (iii) Notwithstanding anything in this Section 2.7 or otherwise to the contrary, at the discretion of the Administrative Agent, in order to prepay Revolving Loans that were not advanced pro rata by
all of the Revolving Lenders, any prepayment of a Loan shall first be applied to Revolving Loans made by the Revolving Lenders during any period in which a Defaulting Lender or Insolvent Lender shall exist. 

(b) Notice of Prepayment. The Borrower shall give the Administrative Agent irrevocable written notice of prepayment of (i) a
Base Rate Loan or Swing Loan by no later than 11:00 A.M. (Eastern time) on the Business Day on which such prepayment is to be made, and (ii) a Eurodollar Loan by no later than 1:00 P.M. (Eastern time) three Business Days before the Business Day
on which such prepayment is to be made. 
 (c) Minimum Amount. Each prepayment of a Eurodollar Loan shall be in the
principal amount of not less than One Million Dollars ($1,000,000), or the principal amount of such Loan, or, with respect to a Swing Loan, the principal balance of such Swing Loan, except in the case of a mandatory payment pursuant to
Section 2.11 or Article III hereof. 
 Section 2.8. Commitment and Other Fees. 

(a) Commitment Fee. The Borrower shall pay to the Administrative Agent, for the ratable account of the Revolving Lenders, as a
consideration for the Revolving Credit Commitment, a commitment fee from the Closing Date to and including the last day of the Commitment Period, payable quarterly, at a rate per annum equal to (i) the Applicable Commitment Fee Rate in effect
on the payment date, multiplied by (ii) (A) the average daily Revolving Amount in effect during such quarter, minus (B) the average daily Revolving Credit Exposure (exclusive of the Swing Line Exposure) during such quarter. The
commitment fee shall be payable in arrears, on December 31, 2011 and continuing on each Regularly Scheduled Payment Date thereafter, and on the last day of the Commitment Period. 

  
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 (b) Administrative Agent Fee. The Borrower shall pay to the Administrative Agent, for
its sole benefit, the fees set forth in the Administrative Agent Fee Letter. 
 Section 2.9. Modifications to
Commitment. 
 (a) Optional Reduction of Revolving Credit Commitment. The Borrower may at any time and from time to
time permanently reduce in whole or ratably in part the Revolving Credit Commitment to an amount not less than the then existing Revolving Credit Exposure, by giving the Administrative Agent not fewer than five Business Days’ (or thirty
(30) days if the Revolving Credit Commitment is to be reduced or terminated in its entirety) written notice of such reduction, provided that any such partial reduction shall be in an aggregate amount, for all of the Lenders, of not less than
Five Million Dollars ($5,000,000), increased in increments of Five Hundred Thousand Dollars ($500,000). The Administrative Agent shall promptly notify each Revolving Lender of the date of each such reduction and such Revolving Lender’s
proportionate share thereof. After each such partial reduction, the commitment fees payable hereunder shall be calculated upon the Revolving Credit Commitment as so reduced. If the Borrower reduces in whole the Revolving Credit Commitment, on the
effective date of such reduction (the Borrower having prepaid in full the unpaid principal balance, if any, of the Revolving Loans, together with all interest (if any) and commitment and other fees accrued and unpaid with respect thereto, and
provided that no Letter of Credit Exposure or Swing Line Exposure shall exist), all of the Revolving Credit Notes shall be delivered to the Administrative Agent marked “Canceled” and the Administrative Agent shall redeliver such Revolving
Credit Notes to the Borrower. Any partial reduction in the Revolving Credit Commitment shall be effective during the remainder of the Commitment Period. Upon each decrease of the Revolving Credit Commitment, the Maximum Revolving Amount and the
Total Commitment Amount shall be proportionally decreased. 
 (b) Increase in Commitment. 

(i) At any time during the Commitment Increase Period, but in no event on more than three separate occasions during the
Commitment Increase Period, the Borrower may request that the Administrative Agent increase the Revolving Amount from the Closing Revolving Amount up to an amount that shall not exceed the Maximum Revolving Amount. Each such request for an increase
shall be in an amount of at least Ten Million Dollars ($10,000,000), and may be made by either (A) increasing, for one or more Revolving Lenders, with their prior written consent, their respective Revolving Credit Commitments, or
(B) including one or more Additional Lenders, each with a new commitment under the Revolving Credit Commitment, as a party to this Agreement (each an “Additional Commitment” and, collectively, the “Additional Commitments”);

 (ii) During the Commitment Increase Period, all of the Lenders agree that the Administrative Agent, in its
sole discretion, may permit one or more Additional Commitments upon satisfaction of the following requirements: (A) each Additional Lender, if any, shall execute an Additional Lender Assumption Agreement, (B) the Administrative Agent shall
provide to the Borrower and each Lender a revised Schedule 1 to this Agreement, including revised Commitment Percentages for each of the 

  
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Revolving Lenders, if appropriate, at least three Business Days prior to the date of the effectiveness of such Additional Commitments (each an “Additional Lender Assumption Effective
Date”), and (C) the Borrower shall execute and deliver to the Administrative Agent and the Revolving Lenders such replacement or additional Revolving Credit Notes as shall be required by the Administrative Agent (and requested by the
Lenders). The Lenders hereby authorize the Administrative Agent to execute each Additional Lender Assumption Agreement on behalf of the Lenders. 
 (iii) On each Additional Lender Assumption Effective Date, the Revolving Lenders shall make adjustments among themselves with respect to the Revolving Loans then outstanding and amounts of principal,
interest, commitment fees and other amounts paid or payable with respect thereto as shall be necessary, in the opinion of the Administrative Agent, in order to reallocate among such Revolving Lenders such outstanding amounts, based on the revised
Commitment Percentages and to otherwise carry out fully the intent and terms of this Section 2.9(b) (and the Borrower shall pay to the Revolving Lenders any amounts that would be payable pursuant to Section 3.3 hereof if such adjustments
among the Revolving Lenders would cause a prepayment of one or more Eurodollar Loans). In connection therewith, it is understood and agreed that the Maximum Amount of any Lender will not be increased (or decreased except pursuant to subsection
(a) hereof) without the prior written consent of such Lender. The Borrower shall not request any increase in the Revolving Amount pursuant to this subsection (b) if a Default or an Event of Default shall then exist. Upon each increase of
the Revolving Amount, the Total Commitment Amount shall be proportionally increased. 
 Section 2.10. Computation of
Interest and Fees. With the exception of Base Rate Loans, interest on Loans, Letter of Credit fees, Related Expenses and commitment and other fees and charges hereunder shall be computed on the basis of a year having three hundred sixty
(360) days and calculated for the actual number of days elapsed. With respect to Base Rate Loans, interest shall be computed on the basis of a year having three hundred sixty-five (365) days or three hundred sixty-six (366) days, as
the case may be, and calculated for the actual number of days elapsed. 
 Section 2.11. Mandatory Payments.

 (a) Revolving Credit Exposure. If, at any time, the Revolving Credit Exposure shall exceed the Revolving Credit
Commitment as then in effect, the Borrower shall, as promptly as practicable, but in no event later than the next Business Day, pay an aggregate principal amount of the Revolving Loans sufficient to bring the Revolving Credit Exposure within the
Revolving Credit Commitment. 
 (b) Swing Line Exposure. If, at any time, the Swing Line Exposure shall exceed the Swing
Line Commitment, the Borrower shall, as promptly as practicable, but in no event later than the next Business Day, pay an aggregate principal amount of the Swing Loans sufficient to bring the Swing Line Exposure within the Swing Line Commitment.

  
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 (c) Application of Mandatory Payments. Unless otherwise designated by the Borrower,
each prepayment pursuant to Section 2.11(a) hereof shall be applied in the following order (i) first, on a pro rata basis for the Lenders, to outstanding Base Rate Loans, and (ii) second, on a pro rata basis for the Lenders, to
outstanding Eurodollar Loans; provided that, if the outstanding principal amount of any Eurodollar Loan shall be reduced to an amount less than the minimum amount set forth in Section 2.5(d) hereof as a result of such prepayment, then such
Eurodollar Loan shall be converted into a Base Rate Loan on the date of such prepayment. Any prepayment of a Eurodollar Loan or Swing Loan pursuant to this Section 2.11 shall be subject to the prepayment provisions set forth in Article III
hereof. 
 ARTICLE III. ADDITIONAL PROVISIONS RELATING TO 
 EURODOLLAR LOANS; INCREASED CAPITAL; TAXES 
 Section 3.1. Requirements of
Law. 
 (a) If, after the Closing Date, (i) the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof by a Governmental Authority, or (ii) the compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority: 

(A) shall subject any Lender to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit or any
Eurodollar Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except for Taxes and Excluded Taxes which are governed by Section 3.2 hereof); 

(B) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against
assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination of the
Eurodollar Rate; or 
 (C) shall impose on such Lender any other condition; 

and the result of any of the foregoing is to increase the cost to such Lender of making, converting into, continuing or maintaining Eurodollar Loans or
issuing or participating in Letters of Credit, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrower shall pay to such Lender, promptly after receipt of a written request therefor, any additional
amounts necessary to compensate such Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this subsection (a), such Lender shall promptly notify the Borrower (with a
copy to the Administrative Agent) of the event by reason of which it has become so entitled. 
 (b) If any Lender shall have
determined that, after the Closing Date, the adoption of or any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof by a Governmental Authority or compliance by such Lender or any

  
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corporation controlling such Lender with any request or directive regarding capital adequacy (whether or not having the force of law) from any Governmental Authority shall have the effect of
reducing the rate of return on such Lender’s or such corporation’s capital as a consequence of its obligations hereunder, or under or in respect of any Letter of Credit, to a level below that which such Lender or such corporation could
have achieved but for such adoption, change or compliance (taking into consideration the policies of such Lender or such corporation with respect to capital adequacy), then from time to time, upon submission by such Lender to the Borrower (with a
copy to the Administrative Agent) of a written request therefor (which shall include the method for calculating such amount), the Borrower shall promptly pay or cause to be paid to such Lender such additional amount or amounts as will compensate
such Lender or such corporation for such reduction. 
 (c) For purposes of this Section 3.1, the Dodd-Frank Act, any
requests, rules, guidelines or directives concerning capital adequacy promulgated by the Bank for International Settlements, or the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority) under Basel
III, and any rules, regulations, orders, requests, guidelines and directives adopted, promulgated or implemented in connection with any of the foregoing, regardless of the date adopted, issued, promulgated or implemented, are deemed to have been
introduced and adopted after the Closing Date. 
 (d) A certificate as to any additional amounts payable pursuant to this
Section 3.1 submitted by any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive absent manifest error. In determining any such additional amounts, such Lender may use any method of averaging and attribution
that it (in its sole discretion) shall deem applicable. The obligations of the Borrower pursuant to this Section 3.1 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

 (e) Notwithstanding the foregoing, no Lender shall be entitled to any indemnification or reimbursement pursuant to this
Section 3.1 to the extent such Lender has not made demand therefore (as set forth above) within one hundred eighty (180) days after the occurrence of the event giving rise to such entitlement or, if later, such Lender having knowledge of
such event. 
 Section 3.2. Taxes. 
 (a) All payments made by any Credit Party under any Loan Document shall be made free and clear of, and without deduction or withholding for or on account of any Taxes or Other Taxes. If any Taxes or Other
Taxes are required to be deducted or withheld from any amounts payable to the Administrative Agent or any Lender hereunder, the amounts so payable to the Administrative Agent or such Lender shall be increased to the extent necessary to yield to the
Administrative Agent or such Lender (after deducting, withholding and payment of all Taxes and Other Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in the Loan Documents. 

(b) Whenever any Taxes or Other Taxes are required to be withheld and paid by a Credit Party, such Credit Party shall timely withhold and
pay such taxes to the relevant Governmental Authorities. As promptly as possible thereafter, the Borrower shall send to the 

  
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Administrative Agent for its own account or for the account of the relevant Lender, as the case may be, a certified copy of an original official receipt received by such Credit Party showing
payment thereof or other evidence of payment reasonably acceptable to the Administrative Agent or such Lender. If such Credit Party shall fail to pay any Taxes or Other Taxes when due to the appropriate Governmental Authority or fails to remit to
the Administrative Agent the required receipts or other required documentary evidence, such Credit Party and the Borrower shall indemnify the Administrative Agent and the appropriate Lenders on demand for any incremental Taxes or Other Taxes paid or
payable by the Administrative Agent or such Lender as a result of any such failure. 
 (c) Each Lender that is not (i) a
citizen or resident of the United States of America, (ii) a corporation, partnership or other entity created or organized in or under the laws of the United States of America (or any jurisdiction thereof), or (iii) an estate or trust that
is subject to federal income taxation regardless of the source of its income (any such Person, a “Non-U.S. Lender”) shall deliver to the Borrower and the Administrative Agent two copies of either U.S. Internal Revenue Service Form W-8BEN,
Form W-8IMY or Form W-8ECI, or, in the case of a Non-U.S. Lender claiming exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest”, a statement with
respect to such interest and two copies of a Form W-8BEN, or any subsequent versions thereof or successors thereto, properly completed and duly executed by such Non-U.S. Lender claiming complete exemption from, or a reduced rate of, U.S. federal
withholding tax on all payments by Credit Parties under this Agreement and the other Loan Documents. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement or such other Loan Document. In
addition, each Non-U.S. Lender shall deliver such forms or appropriate replacements promptly upon the obsolescence or invalidity of any form previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify the Borrower at any
time it determines that such Lender is no longer in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other
provision of this subsection (c), a Non-U.S. Lender shall not be required to deliver any form pursuant to this subsection (c) that such Non-U.S. Lender is not legally able to deliver. 

(d) A Lender that is entitled to an exemption from or reduction of non-U.S. withholding tax under the law of the jurisdiction in which a
Credit Party is located, or any treaty to which such jurisdiction is a party, with respect to payments under any Loan Document, shall use reasonable efforts to deliver to the Borrower (with a copy to the Administrative Agent), at the time or times
prescribed by applicable law or reasonably requested by the Borrower, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate; provided that
such Lender is legally entitled to complete, execute and deliver such documentation, and, in such Lender’s judgment, such completion, execution or submission would not materially prejudice the legal position of such Lender. 

(e) If the Administrative Agent or any Lender determines, in its sole discretion, that is has received a refund of Taxes or Other Taxes
for which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this 

  
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Section 3.2, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid by the Borrower under this Section 3.2 with
respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Government Authority with respect to
such refund); provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Government Authority)
to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Government Authority. This subsection shall not be construed to require the Administrative Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems confidential) to the Borrower or any other Person. 
 (f) The agreements in this Section 3.2 shall survive the termination of the Loan Documents and the payment of the Loans and all other amounts payable hereunder. 

Section 3.3. Funding Losses. The Borrower agrees to indemnify each Lender, promptly after receipt of a written request
therefor, and to hold each Lender harmless from, any loss or expense that such Lender may sustain or incur as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after the
Borrower has given a notice (including a written or verbal notice that is subsequently revoked) requesting the same in accordance with the provisions of this Agreement, (b) default by the Borrower in making any prepayment of or conversion from
Eurodollar Loans after the Borrower has given a notice (including a written or verbal notice that is subsequently revoked) thereof in accordance with the provisions of this Agreement, (c) the making of a prepayment of a Eurodollar Loan on a day
that is not the last day of an Interest Period applicable thereto, (d) any conversion of a Eurodollar Loan to a Base Rate Loan on a day that is not the last day of an Interest Period applicable thereto, or (e) any compulsory assignment of
such Lender’s interests, rights and obligations under this Agreement pursuant to Section 11.3(c) or 11.12 hereof. Such indemnification shall be in an amount equal to the excess, if any, of (i) the amount of interest that would have
accrued on the amounts so prepaid, or not so borrowed, converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to
borrow, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein over (ii) the amount of interest (as reasonably
determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the appropriate London interbank market, along with any administration fee charged by
such Lender. A certificate as to any amounts payable pursuant to this Section 3.3 submitted to the Borrower (with a copy to the Administrative Agent) by any Lender shall be conclusive absent manifest error. The obligations of the Borrower
pursuant to this Section 3.3 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 Section 3.4. Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 3.1 or 3.2(a) hereof with respect to such Lender,
it will, if requested by the Borrower, use reasonable efforts (subject to overall policy 

  
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considerations of such Lender) to designate another lending office (or an affiliate of such Lender, if practical for such Lender) for any Loans affected by such event with the object of avoiding
the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage; and provided, further,
that nothing in this Section 3.4 shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 3.1 or 3.2(a) hereof. 

Section 3.5. Eurodollar Rate Lending Unlawful; Inability to Determine Rate. 

(a) If any Lender shall determine (which determination shall, upon notice thereof to the Borrower and the Administrative Agent, be
conclusive and binding on the Borrower) that, after the Closing Date, (i) the introduction of or any change in or in the interpretation of any law makes it unlawful, or (ii) any Governmental Authority asserts that it is unlawful, for such
Lender to make or continue any Loan as, or to convert (if permitted pursuant to this Agreement) any Loan into, a Eurodollar Loan, the obligations of such Lender to make, continue or convert any such Eurodollar Loan shall, upon such determination, be
suspended until such Lender shall notify the Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding Eurodollar Loans payable to such Lender shall automatically convert (if conversion is permitted
under this Agreement) into a Base Rate Loan, or be repaid (if no conversion is permitted) at the end of the then current Interest Periods with respect thereto or sooner, if required by law or such assertion. 

(b) If the Administrative Agent or the Required Lenders determine that for any reason adequate and reasonable means do not exist for
determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Loan, or that the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Loan does not adequately and fairly
reflect the cost to the Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain such Eurodollar Loan shall be suspended until the
Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a borrowing of, conversion to or continuation of such Eurodollar Loan or, failing
that, will be deemed to have converted such request into a request for a borrowing of a Base Rate Loan in the amount specified therein. 
 Section 3.6. Replacement of Lenders. The Borrower shall be permitted to replace any Lender that requests reimbursement for amounts owing pursuant to Section 3.1 or 3.2(a) hereof, or
asserts its inability to make a Eurodollar Loan pursuant to Section 3.5 hereof; provided that (a) such replacement does not conflict with any Requirement of Law, (b) no Default or Event of Default shall have occurred and be continuing
at the time of such replacement, (c) prior to any such replacement, such Lender shall have taken no action under Section 3.4 hereof so as to eliminate the continued need for payment of amounts owing pursuant to Section 3.1 or 3.2(a)
hereof or, if it has taken any action, such request has still been made, (d) the replacement financial institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement and
assume all commitments and obligations of such replaced Lender, (e) the Borrower shall be liable to such replaced Lender under Section 3.3 

  
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hereof if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (f) the replacement Lender, if not already
a Lender, shall be satisfactory to the Administrative Agent, (g) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 11.10 hereof (provided that the Borrower (or the succeeding
Lender, if such Lender is willing) shall be obligated to pay the assignment fee referred to therein), and (h) until such time as such replacement shall be consummated, the Borrower shall pay all additional amounts (if any) required pursuant to
Section 3.1 or 3.2(a) hereof, as the case may be; provided that a Lender shall not be required to make any such assignment if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
replace such Lender cease to apply. 
 Section 3.7. Discretion of Lenders as to Manner of Funding. Notwithstanding
any provision of this Agreement to the contrary, each Lender shall be entitled to fund and maintain its funding of all or any part of such Lender’s Loans in any manner such Lender deems to be appropriate; it being understood, however, that for
the purposes of this Agreement all determinations hereunder shall be made as if such Lender had actually funded and maintained each Eurodollar Loan during the applicable Interest Period for such Loan through the purchase of deposits having a
maturity corresponding to such Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period. 
 ARTICLE IV. CONDITIONS PRECEDENT 
 Section 4.1. Conditions to Each Credit
Event. The obligation of the Lenders, the Fronting Lender and the Swing Line Lender to participate in any Credit Event shall be conditioned, in the case of each Credit Event, upon the following: 

(a) all conditions precedent as listed in Section 4.2 hereof required to be satisfied prior to the first Credit Event shall have
been satisfied prior to or as of the first Credit Event; 
 (b) the Borrower shall have submitted a Notice of Loan (or with
respect to a Letter of Credit, complied with the provisions of Section 2.2(b)(ii) hereof) and otherwise complied with Section 2.5 hereof; 
 (c) no Default or Event of Default shall then exist or immediately after such Credit Event would exist; and 
 (d) each of the representations and warranties contained in Article VI hereof shall be true in all material respects as if made on and as of the date of such Credit Event, except to the extent that any
thereof expressly relate to an earlier date. 
 Each request by the Borrower for a Credit Event shall be deemed to be a representation and
warranty by the Borrower as of the date of such request as to the satisfaction of the conditions precedent specified in subsections (c) and (d) above. 

  
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 Section 4.2. Conditions to the First Credit Event. The Borrower shall cause the
following conditions to be satisfied on or prior to the Closing Date. The obligation of the Lenders, the Fronting Lender and the Swing Line Lender to participate in the first Credit Event is subject to the Borrower satisfying each of the following
conditions prior to or concurrently with such Credit Event: 
 (a) Notes as Requested. The Borrower shall have executed
and delivered to (i) each Revolving Lender requesting a Revolving Credit Note such Revolving Lender’s Revolving Credit Note, and (ii) the Swing Line Lender the Swing Line Note, if requested by the Swing Line Lender. 

(b) Subsidiary Documents. Each Guarantor of Payment shall have executed and delivered to the Administrative Agent (i) a
Guaranty of Payment, in form and substance satisfactory to the Administrative Agent, and (ii) a Security Agreement and such other documents or instruments, as may be required by the Administrative Agent to create or perfect the Liens of the
Administrative Agent in the assets of such Guarantor of Payment, all to be in form and substance satisfactory to the Administrative Agent. 
 (c) Pledge Agreements. The Borrower and each Guarantor of Payment that has a Subsidiary shall have (i) executed and delivered to the Administrative Agent, for the benefit of the Lenders, a
Pledge Agreement, in form and substance satisfactory to the Administrative Agent and the Lenders, with respect to the Pledged Securities, (ii) executed and delivered to the Administrative Agent, for the benefit of the Lenders, appropriate
transfer powers for each of the Pledged Securities that are certificated, and (iii) delivered to the Administrative Agent, for the benefit of the Lenders, the Pledged Securities (to the extent such Pledged Securities are certificated).

 (d) Intellectual Property Security Agreements. Each Credit Party that owns federally registered intellectual property
shall have executed and delivered to the Administrative Agent, for the benefit of the Lenders, an Intellectual Property Security Agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Lenders. 

(e) Lien Searches. With respect to the property owned or leased by the Borrower and each Guarantor of Payment, and any other
property securing the Obligations located in the United States, the Borrower shall have caused to be delivered to the Administrative Agent (i) the results of Uniform Commercial Code lien searches, satisfactory to the Administrative Agent and
the Lenders, (ii) the results of federal and state tax lien and judicial lien searches, satisfactory to the Administrative Agent and the Lenders, and (iii) Uniform Commercial Code termination statements reflecting termination of all U.C.C.
Financing Statements previously filed by any Person and not expressly permitted pursuant to Section 5.9 hereof. 
 (f)
Officer’s Certificate, Resolutions, Organizational Documents. The Borrower shall have delivered to the Administrative Agent an officer’s certificate (or comparable documents) certifying the names of the officers of each Credit Party
authorized to sign the Loan Documents, together with the true signatures of such officers and certified copies of (i) the resolutions of the board of directors (or comparable documents) of such Credit Party evidencing

  
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approval of the execution and delivery of the Loan Documents and the execution of other Related Writings to which such Credit Party is a party, and (ii) the Organizational Documents of such
Credit Party. 
 (g) Good Standing and Full Force and Effect Certificates. The Borrower shall have delivered to the
Administrative Agent a good standing certificate or full force and effect certificate (or comparable document, if neither certificate is available in the applicable jurisdiction), as the case may be, for each Credit Party, issued on or about the
Closing Date by the Secretary of State in the state or states where such Credit Party is incorporated or formed or qualified as a foreign entity. 
 (h) Legal Opinion. The Borrower shall have delivered to the Administrative Agent an opinion of counsel for the Borrower and each other Credit Party, in form and substance reasonably satisfactory to
the Administrative Agent and the Lenders. 
 (i) Insurance Policies. The Borrower shall have delivered to the
Administrative Agent certificates of insurance on ACORD 25 and 27 or 28 form and proof of endorsements satisfactory to the Administrative Agent and the Lenders, providing for adequate personal property and liability insurance for each Company, with
the Administrative Agent, on behalf of the Lenders, listed as lender’s loss payee and additional insured, as appropriate. 

(j) Administrative Agent Fee Letter, Closing Fee Letter and Other Fees. The Borrower shall have (i) executed and delivered to
the Administrative Agent, the Administrative Agent Fee Letter and paid to the Administrative Agent, for its sole account, the fees stated therein, (ii) executed and delivered to the Administrative Agent, the Closing Fee Letter and paid to the
Administrative Agent, for the benefit of the Lenders, the fees stated therein, and (iii) paid all legal fees and expenses of the Administrative Agent in connection with the preparation and negotiation of the Loan Documents. 

(k) Closing Certificate. The Borrower shall have delivered to the Administrative Agent and the Lenders an officer’s
certificate certifying that, as of the Closing Date, (i) all conditions precedent set forth in this Article IV have been satisfied, (ii) no Default or Event of Default exists nor immediately after the first Credit Event will exist, and
(iii) each of the representations and warranties contained in Article VI hereof are true and correct in all material respects as of the Closing Date. 
 (l) Letter of Direction. The Borrower shall have delivered to the Administrative Agent a letter of direction authorizing the Administrative Agent, on behalf of the Lenders, to disburse the proceeds
of the Loans, which letter of direction includes the authorization to transfer funds under this Agreement and the wire instructions that set forth the locations to which such funds shall be sent. 

(m) No Material Adverse Change. No material adverse change, in the reasonable opinion of the Administrative Agent, shall have
occurred in the financial condition or operations of the Companies since September 30, 2011. 

  
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 Section 4.3. Post-Closing Conditions. On or before each of the dates specified
in this Section 4.3 (unless a longer time period is agreed to by the Administrative Agent in writing), the Borrower shall satisfy each of the items specified in the subsections below: 

(a) Control Agreements. No later than fifteen (15) Business Days after the Closing Date, the Borrower shall have delivered to
the Administrative Agent an executed Control Agreement, in form and substance reasonably satisfactory to the Administrative Agent, for each Deposit Account and each Securities Account maintained by the Borrower or a Guarantor of Payment; provided
that the Borrower shall not be required to deliver a Control Agreement for a Deposit Account or Securities Account pursuant to this Section 4.3(a) if the Borrower would not be required to deliver a Control Agreement for such Deposit Account or
Securities Account pursuant to Section 5.21(c) hereof. 
 (b) Landlords’ Waivers and Mortgagees’ Waivers.
No later than fifteen (15) Business Days after the Closing Date, the Borrower shall have delivered a Landlord’s Waiver and a mortgagee’s waiver, if applicable, each in form and substance satisfactory to the Administrative, for the
locations of the Borrower or a Guarantor of Payment in Westford, Massachusetts and San Jose, California. 
 ARTICLE V. COVENANTS

 Section 5.1. Insurance. Each Company shall at all times maintain insurance upon its Inventory, Equipment and
other personal and real property in such form, written by such companies, in such amounts, for such periods, and against such risks as is usual and customary in Borrower’s industry, with provisions reasonably satisfactory to the Administrative
Agent for, with respect to Credit Parties, payment of all losses thereunder to the Administrative Agent, for the benefit of the Lenders, and such Company as their interests may appear (with lender’s loss payable endorsement in favor of the
Administrative Agent, for the benefit of the Lenders), and, if required by the Administrative Agent, the Borrower shall deposit the policies with the Administrative Agent. Any such policies of insurance shall provide for no fewer than thirty
(30) days prior written notice of cancellation to the Administrative Agent and the Lenders. Any sums received by the Administrative Agent, for the benefit of the Lenders, in payment of insurance losses, returns, or unearned premiums under the
policies shall be delivered to the Companies for the purpose of replacing, repairing, or restoring the insured property. The Administrative Agent is hereby authorized to act as attorney-in-fact for the Companies, after the occurrence and during the
continuance of an Event of Default, in obtaining, adjusting, settling and canceling such insurance and indorsing any drafts. In the event of failure to provide such insurance as herein provided, the Administrative Agent may, at its option, provide
such insurance and the Borrower shall pay to the Administrative Agent, upon demand, the cost thereof. Should the Borrower fail to pay such sum to the Administrative Agent upon demand, interest shall accrue thereon, from the date of demand until paid
in full, at the Default Rate. Within ten days of the Administrative Agent’s written request, the Borrower shall furnish to the Administrative Agent such information about the insurance of the Companies as the Administrative Agent may from time
to time reasonably request, which information shall be prepared in form and detail satisfactory to the Administrative Agent and certified by a Financial Officer. 

  
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 Section 5.2. Money Obligations. Each Company shall pay in full (a) prior in
each case to the date when penalties would attach, all material domestic taxes (or foreign taxes to the extent the nonpayment of such taxes would reasonably be expected to have a Material Adverse Effect), assessments and governmental charges and
levies (except only those so long as and to the extent that the same shall be contested in good faith by appropriate and timely proceedings and for which adequate provisions have been established in accordance with GAAP) for which it may be or
become liable or to which any or all of its properties may be or become subject; (b) all of its material wage obligations to its employees in compliance with the Fair Labor Standards Act (29 U.S.C. §§ 206-207) or any comparable
provisions, and, in the case of the Foreign Subsidiaries, those obligations under foreign laws with respect to employee source deductions, obligations and employer obligations to its employees; and (c) all of its other material obligations
calling for the payment of money (except only those so long as and to the extent that the same shall be contested in good faith and for which adequate provisions have been established in accordance with GAAP) before such payment becomes overdue.

 Section 5.3. Financial Statements and Information. 

(a) Quarterly Financials. The Borrower shall deliver to the Administrative Agent and the Lenders, within forty-five (45) days
after the end of each of the first three quarterly periods of each fiscal year of the Borrower, balance sheets of the Companies as of the end of such period and statements of income (loss) and cash flow for the quarter and fiscal year to date
periods, all prepared on a Consolidated (in accordance with GAAP) basis, in form and detail satisfactory to the Administrative Agent and the Lenders and certified by a Financial Officer. 

(b) Annual Audit Report. The Borrower shall deliver to the Administrative Agent and the Lenders, within ninety (90) days
after the end of each fiscal year of the Borrower, an annual audit report of the Companies for that year prepared on a Consolidated (in accordance with GAAP) basis, in form and detail satisfactory to the Administrative Agent and the Lenders and
certified by an unqualified opinion of an independent public accountant, which report shall include balance sheets and statements of income (loss), stockholders’ equity and cash-flow for that period. 

(c) Compliance Certificate. The Borrower shall deliver to the Administrative Agent and the Lenders, concurrently with the delivery
of the financial statements set forth in subsections (a) and (b) above, a Compliance Certificate. 
 (d) Management
Reports. The Borrower shall deliver to the Administrative Agent and the Lenders, concurrently with the delivery of the quarterly and annual financial statements set forth in subsections (a) and (b) above, a copy of any management
report, letter or similar writing furnished to the Companies by the accountants in respect of the systems, operations, financial condition or properties of the Companies (provided that delivery of such management report shall not be required to the
extent prohibited by such accountants). 
 (e) Annual Budget. The Borrower shall deliver to the Administrative Agent,
within forty-five (45) days after the end of each fiscal year of the Borrower, an annual budget of the 

  
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Companies for the then current fiscal year, to be in form and detail reasonably satisfactory to the Administrative Agent. 
 (f) Shareholder and SEC Documents. The Borrower shall deliver to the Administrative Agent and the Lenders, within ten days after the end of fiscal quarter of the Borrower, copies of all notices,
reports, definitive proxy or other statements and other documents sent by the Borrower to its shareholders, to the holders of any of its debentures or bonds or the trustee of any indenture securing the same or pursuant to which they are issued, or
sent by the Borrower (in final form) to any securities exchange or over the counter authority or system, or to the SEC or any similar federal agency having regulatory jurisdiction over the issuance of the Borrower’s securities; provided that,
to the extent that any such documentation is publicly available at the website of the Borrower, the Borrower shall have satisfied the requirement of this subpart (f) with respect to such documentation by providing the Administrative Agent with
a written notice that such documentation is available at the website of the Borrower. 
 (g) Financial Information of the
Companies. The Borrower shall deliver to the Administrative Agent and the Lenders, with reasonable promptness, such other information about the financial condition, properties and operations of any Company as the Administrative Agent or the
Required Lenders may from time to time reasonably request. 
 Section 5.4. Financial Records. Each Company shall at
all times maintain true and complete records and books of account, including, without limiting the generality of the foregoing, appropriate provisions for possible losses and liabilities, all in accordance with GAAP, and at all reasonable times
(during normal business hours and upon notice to such Company) permit the Administrative Agent or any Lender, or any representative of the Administrative Agent or such Lender, to examine such Company’s books and records and to make excerpts
therefrom and transcripts thereof; provided that, unless an Event of Default has occurred and is continuing, or unless otherwise reasonably agreed by the Borrower, the Administrative Agent (and its designated representatives) shall be limited to one
such inspection during each fiscal year of the Borrower. 
 Section 5.5. Change in Business. 

(a) The Borrower and each Domestic Subsidiary (other than a Dormant Subsidiary) shall preserve and maintain at all times its existence
and material permits, if any, necessary for its business, except as otherwise permitted pursuant to Section 5.12 hereof. 

(b) Each Foreign Subsidiary (other than a Dormant Subsidiary) shall preserve and maintain at all times its existence and material
permits, if any, necessary for its business, except as otherwise permitted pursuant to Section 5.12 hereof and except where such failure could not reasonably be expected to have a Material Adverse Effect. 

(c) No Company shall engage in any business if, as a result thereof, the general nature of the business of the Companies taken as a whole
would be substantially changed from the general nature of the business the Companies are engaged in on the Closing Date. 

  
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 Section 5.6. ERISA Pension and Benefit Plan Compliance. No Company shall incur
any material accumulated funding deficiency within the meaning of ERISA, or any material liability to the PBGC, established thereunder in connection with any ERISA Plan. The Borrower shall furnish to the Administrative Agent and the Lenders
(a) as soon as possible and in any event within thirty (30) days after any Company knows or has reason to know that any Reportable Event with respect to any ERISA Plan has occurred, a statement of a Financial Officer of such Company,
setting forth details as to such Reportable Event and the action that such Company proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC if a copy of such notice is available to such
Company, and (b) promptly after receipt thereof, a copy of any notice such Company, or any member of the Controlled Group may receive from the PBGC or the Internal Revenue Service with respect to any ERISA Plan administered by such Company;
provided that this latter clause shall not apply to notices of general application promulgated by the PBGC or the Internal Revenue Service. The Borrower shall promptly notify the Administrative Agent of any material taxes assessed, proposed to be
assessed or that the Borrower has reason to believe may be assessed against a Company by the Internal Revenue Service with respect to any ERISA Plan. As used in this Section 5.6, “material” means the measure of a matter of
significance that shall be determined as being an amount equal to five percent (5%) of Consolidated Net Worth. As soon as practicable, and in any event within twenty (20) days, after any Company shall become aware that an ERISA Event shall
have occurred, such Company shall provide the Administrative Agent with notice of such ERISA Event with a certificate by a Financial Officer of such Company setting forth the details of the event and the action such Company or another Controlled
Group member proposes to take with respect thereto. The Borrower shall, at the request of the Administrative Agent, deliver or cause to be delivered to the Administrative Agent true and correct copies of any documents relating to the ERISA Plan of
any Company. 
 Section 5.7. Financial Covenants. 

(a) Leverage Ratio. The Borrower shall not suffer or permit at any time the Leverage Ratio to exceed 3.25 to 1.00. 

(b) Interest Coverage Ratio. The Borrower shall not suffer or permit at any time the Interest Coverage Ratio to be less than 3.25
to 1.00. 
 (c) Liquidity Amount. The Borrower shall not suffer or permit at any time the Liquidity Amount to be less
than Fifty Million Dollars ($50,000,000). 
 Section 5.8. Borrowing. No Company shall create, incur or have
outstanding any Indebtedness of any kind; provided that this Section 5.8 shall not apply to the following: 
 (a) the
Loans, the Letters of Credit and any other Indebtedness under this Agreement; 
 (b) any loans granted to, or Capitalized Lease
Obligations entered into by, any Company for the purchase or lease of fixed assets (and refinancings of such loans or Capitalized Lease Obligations), which loans and Capitalized Lease Obligations shall only be secured by the fixed assets being
purchased or leased, so long as the aggregate principal amount of all such 

  
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loans and Capitalized Lease Obligations for all Companies shall not exceed Ten Million Dollars ($10,000,000) at any time outstanding; 

(c) the Indebtedness existing on the Closing Date, in addition to the other Indebtedness permitted to be incurred pursuant to this
Section 5.8, as set forth in Schedule 5.8 hereto (and any extension, renewal or refinancing thereof but only to the extent that the principal amount thereof does not increase after the Closing Date); 

(d) loans to, and guaranties of Indebtedness of, a Company from a Company so long as each such Company is a Credit Party; 

(e) Indebtedness under any Hedge Agreement, so long as such Hedge Agreement shall have been entered into in the ordinary course of
business and not for speculative purposes; 
 (f) Permitted Foreign Subsidiary Loans and Investments; 

(g) Indebtedness in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion guaranties and similar obligations
not incurred in connection with the borrowing of money, in each case provided in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 

(h) Indebtedness of the Borrower or a Domestic Subsidiary that was initially indebtedness of a target entity that has been acquired by
the Companies pursuant to Section 5.13 hereof and that becomes Indebtedness of a Company as a result of such Acquisition, so long as (i) such Indebtedness was not created at the time of or in contemplation of such Acquisition,
(ii) the aggregate amount of all such Indebtedness does not exceed Thirty Million Dollars ($30,000,000) at any time outstanding, (iii) such Indebtedness is repaid within one hundred eighty (180) days after such Acquisition (unless
Borrower shall have obtained the prior written consent of the Administrative Agent and the Required Lenders), and (iv) the aggregate amount of all such Indebtedness that is secured does not exceed, at any time, Ten Million Dollars
($10,000,000), and all such Liens shall only attach to fixed assets of such Company; 
 (i) Indebtedness of a Foreign Subsidiary
that was initially indebtedness of a target entity that has been acquired by the Companies pursuant to Section 5.13 hereof and that becomes Indebtedness of a Company as a result of such Acquisition, so long as (i) such Indebtedness was not
created at the time of or in contemplation of such Acquisition, and (ii) such Indebtedness, if secured, is only secured by the assets of such Foreign Subsidiary; 
 (j) unsecured Subordinated Indebtedness created pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent, and subject to a Subordination Agreement, in an
aggregate principal amount not to exceed Fifty Million Dollars ($50,000,000); and 
 (k) other unsecured Indebtedness, in
addition to the Indebtedness listed above, in an aggregate principal amount for all Companies not to exceed at any time outstanding the greater 

  
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of (i) Eight Million Dollars ($8,000,000), or (ii) two percent (2%) of the Borrower’s Consolidated gross revenues for the most recently completed four fiscal quarters of the
Borrower for which financial statements have been delivered to the Administrative Agent pursuant to Section 5.3(a) and (b) hereof. 
 Section 5.9. Liens. No Company shall create, assume or suffer to exist (upon the happening of a contingency or otherwise) any Lien upon any of its property or assets, whether now owned or
hereafter acquired; provided that this Section 5.9 shall not apply to the following: 
 (a) Liens for taxes not yet due or
that are being actively contested in good faith by appropriate proceedings and for which adequate reserves shall have been established in accordance with GAAP; 
 (b) other statutory Liens, including, without limitation, statutory Liens of landlords, carriers, warehousers, utilities, mechanics, repairmen, workers and materialmen, and other Liens imposed by
operation of law, incidental to the conduct of its business or the ownership of its property and assets that (i) were not incurred in connection with the incurring of Indebtedness or the obtaining of advances or credit, and (ii) do not in
the aggregate materially detract from the value of its property or assets or materially impair the use thereof in the operation of its business; 
 (c) Liens on property or assets of a Subsidiary to secure obligations of such Subsidiary to the Borrower or a Guarantor of Payment; 

(d) any Lien granted to the Administrative Agent, for the benefit of the Lenders (and affiliates thereof), and any Lien on cash
collateral provided by the Borrower or a Credit Party pursuant to Section 2.2(b)(vi), 2.2(b)(vii), or 2.2(c)(iv) hereof; 

(e) the Liens existing on the Closing Date as set forth in Schedule 5.9 hereto and replacements, extensions, renewals, refundings
or refinancings thereof, but only to the extent that the amount of debt secured thereby, and the amount and description of property subject to such Liens, shall not be increased; 

(f) purchase money Liens on fixed assets securing the loans and Capitalized Lease Obligations pursuant to Section 5.8(b) hereof,
provided that such Lien is limited to the purchase price and only attaches to the property being acquired; 
 (g) easements or
other minor defects or irregularities in title of real property not interfering in any material respect with the use of such property in the business of any Company; 
 (h) any Lien on fixed assets of the Borrower or a Domestic Subsidiary, so long as (i) such fixed assets were acquired in connection with an Acquisition permitted pursuant to Section 5.13 hereof,
(ii) such Lien was not created at the time of or in contemplation of such Acquisition, (iii) such Lien is released within one hundred eighty (180) days after such Acquisition (unless the Borrower shall have obtained the prior written
consent of the Administrative Agent and the Required Lenders to such Lien), (iv) the aggregate amount of all such Liens does not exceed Ten Million Dollars ($10,000,000) at any time (unless such Lien is otherwise permitted pursuant to

  
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another subpart of this Section 5.9), and (v) such Lien secures Indebtedness permitted to be incurred under Section 5.8(h) hereof; 

(i) any Lien on assets of a Foreign Subsidiary, so long as (i) such assets were acquired in connection with an Acquisition permitted
pursuant to Section 5.13 hereof, (ii) such Lien was not created at the time of or in contemplation of such Acquisition, and (iii) such Lien secures Indebtedness permitted to be incurred under Section 5.8(i) hereof; 

(j) any attachment or judgment Lien not constituting an Event of Default hereunder; 

(k) licenses (with respect to intellectual property), leases or subleases granted to third parties in accordance with any applicable
terms of the Loan Documents and not interfering in any material respect with the ordinary course of business of any Company, or resulting in a material diminution in the value of any Collateral; 

(l) Liens in favor of customs authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods; or 
 (m) other Liens, in addition to the Liens listed above, securing amounts, in the aggregate for all
Companies, not to exceed Three Million Dollars ($3,000,000) at any time. 
 No Company shall enter into any contract or agreement (other than
(i) a contract or agreement entered into in connection with the purchase or lease of fixed assets that prohibits Liens on such fixed assets or (ii) any agreement with a restriction that would not be enforceable under Section 9-406,
9-407 or 9-408 of the U.C.C., if such provision were deemed to be applicable to such restriction) that would prohibit the Administrative Agent or the Lenders from acquiring a security interest, mortgage or other Lien on, or a collateral assignment
of, any of the property or assets of such Company. 
 Section 5.10. Regulations T, U and X. No Company shall take
any action that would result in any non-compliance of the Loans or Letters of Credit with Regulations T, U or X, or any other applicable regulation, of the Board of Governors of the Federal Reserve System. 

Section 5.11. Investments, Loans and Guaranties. No Company shall (a) create, acquire or hold any Subsidiary,
(b) make or hold any investment in any stocks, bonds or securities of any kind, (c) be or become a party to any joint venture or other partnership, (d) make or keep outstanding any advance or loan to any Person, or (e) be or
become a Guarantor of any kind (other than a Guarantor of Payment under the Loan Documents); provided that this Section 5.11 shall not apply to the following: 

(i) any endorsement of a check or other medium of payment for deposit or collection through normal banking channels or
similar transaction in the normal course of business; 

  
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 (ii) any investment in direct obligations of the United States of America or
in certificates of deposit issued by a member bank (having capital resources in excess of Five Hundred Million Dollars ($500,000,000)) of the Federal Reserve System; 

(iii) any investment in commercial paper or securities that at the time of such investment is assigned a quality rating of
Aa3/AA- or above by the rating systems respectively employed by either Moody’s or Standard & Poor’s; 
 (iv) the holding of each of the Subsidiaries listed on Schedule 6.1 hereto, and the creation, acquisition and holding of and any investment in any new Subsidiary after the Closing Date so long as
such new Subsidiary shall have been created, acquired or held, and investments made, in accordance with the terms and conditions of this Agreement; 
 (v) loans to, investments in and guaranties of the Indebtedness (permitted under Section 5.8(d) hereof) of, a Company from or by a Company so long as each such Company is a Credit Party; 

(vi) any Permitted Investments or Permitted Foreign Subsidiary Loans and Investments, so long as no Default or Event of
Default shall exist prior to or after giving pro forma effect to such loan or investment; 
 (vii) Hedge
Agreements that are not speculative in nature; or 
 (viii) payroll, travel and similar advances to employees
(including relocation expenses) to cover matters that are expected, at the time of such advance, ultimately to be treated as an expense for accounting purposes, and that are made in the ordinary course of business and consistent with past practice,
in an aggregate amount, for all such advances of all Companies, not to exceed Five Million Dollars ($5,000,000) at any time outstanding. 
 For
purposes of this Section 5.11, the amount of any investment in equity interests shall be based upon the initial amount invested and shall not include any appreciation in value or return on such investment but shall take into account return of
capital paid in cash. 
 Section 5.12. Merger and Sale of Assets. No Company shall merge, amalgamate or consolidate
with any other Person, or sell, lease or transfer or otherwise dispose of any assets to any Person other than in the ordinary course of business, except that, if no Default or Event of Default shall then exist or immediately thereafter shall begin
to exist: 
 (a) a Credit Party may merge, amalgamate or consolidate with any other Credit Party (provided that if one of such
Companies is the Borrower, the Borrower shall be the continuing or surviving Person); 

  
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 (b) a Non-Credit Party may merge, amalgamate or consolidate with another Person (provided
that if such Person is a Credit Party, such Credit Party shall be the continuing or surviving Person); 
 (c) a Credit Party
(other than the Borrower) may sell, lease, transfer or otherwise dispose of any of its assets to any other Credit Party; 
 (d)
a Non-Credit Party may sell, lease, transfer or otherwise dispose of any of its assets to any other Company; 
 (e) any Company
(other than the Borrower) may be liquidated or dissolved so long as (i) if such Company is a Credit Party, its assets are distributed to a Credit Party, and (ii) notice of such liquidation or dissolution is provided to the Administrative
Agent and the Lenders with the Compliance Certificate delivered for the fiscal quarter of the Borrower in which such liquidation or dissolution occurred; 
 (f) a Company may sell, lease, transfer or otherwise dispose of any assets that are obsolete or no longer useful (as determined by the Company in its reasonable and good faith discretion) in such
Company’s business; 
 (g) a Company may enter into sale/leaseback transactions subject to any the restrictions set forth
in Section 5.8(b) hereof; 
 (h) a Credit Party may, as part of the Borrower’s tax planning strategy, transfer the
Intellectual Property owned by such Credit Party to a Foreign Subsidiary; 
 (i) a Company may sell, lease, transfer or
otherwise dispose of any assets, in addition to any sale, transfer or disposition otherwise permitted above, in an aggregate amount not to exceed Ten Million Dollars ($10,000,000) during the Commitment Period; and 

(j) Acquisitions may be effected in accordance with the provisions of Section 5.13 hereof. 

Section 5.13. Acquisitions. No Company shall effect an Acquisition; provided, however, that a Credit Party may effect an
Acquisition so long as such Acquisition meets all of the following requirements: 
 (a) in the case of a merger, amalgamation or
other combination including the Borrower, the Borrower shall be the surviving entity; 
 (b) in the case of a merger,
amalgamation or other combination including a Credit Party (other than the Borrower), either a Credit Party shall, upon the completion of such merger, be the surviving entity, or such surviving entity shall immediately become a Credit Party;

 (c) the business to be acquired shall be similar to the lines of business of the Companies; 

  
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 (d) no Default or Event of Default shall exist prior to or, after giving pro forma effect to
such Acquisition, thereafter shall begin to exist; 
 (e) the Borrower shall have provided to the Administrative Agent and the
Lenders, at least five Business Days prior to such Acquisition (or, if the aggregate Consideration paid for such Acquisition is less than Ten Million Dollars ($10,000,000), within ten Business Days after the completion of such Acquisition), a
certificate of a Financial Officer showing pro forma compliance with Section 5.7 hereof, both before and after giving effect to the proposed Acquisition; 
 (f) such Acquisition is not actively opposed by the board of directors (or similar governing body) of the selling Persons or the Persons whose equity interests are to be acquired; and 

(g) the Leverage Ratio, calculated after giving pro forma effect to such Acquisition, shall be at least .25 to 1.00 less than the then
existing maximum Leverage Ratio permitted pursuant to Section 5.7(a) hereof. 
 Section 5.14. Notice.

 (a) The Borrower shall cause a Financial Officer to promptly notify the Administrative Agent and the Lenders, in writing,
whenever a Default or Event of Default has occurred hereunder. 
 (b) The Borrower shall provide written notice to the
Administrative Agent and the Lenders contemporaneously with any notice provided to, or received from, any Subordinated Creditor. 
 Section 5.15. Restricted Payments. No Company shall make or commit itself to make any Restricted Payment at any time, except that: 

(a) the Borrower may make Restricted Payments (other than payments with respect to Subordinated Indebtedness) if no Default or Event of
Default shall then exist or, after giving proforma effect to such payment, thereafter shall begin to exist; and 
 (b) the
Borrower may make regularly scheduled payments with respect to Subordinated Indebtedness if no Default or Event of Default shall then exist or, after giving proforma effect to such payment, thereafter shall begin to exist. 

Section 5.16. Environmental Compliance. Each Company shall comply in all material respects with any and all Environmental
Laws and Environmental Permits including, without limitation, all Environmental Laws in jurisdictions in which such Company owns or operates a facility or site, arranges for disposal or treatment of hazardous substances, solid waste or other wastes,
accepts for transport any hazardous substances, solid waste or other wastes or holds any interest in real property or otherwise. The Borrower shall furnish to the Administrative Agent 

  
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and the Lenders, promptly after receipt thereof, a copy of any notice any Company may receive from any Governmental Authority or private Person, or otherwise, that any material litigation or
proceeding pertaining to any environmental, health or safety matter has been filed or is threatened against such Company, any real property in which such Company holds any interest or any past or present operation of such Company, excluding any such
potential environmental claim, condition, or occurrence that is not reasonably expected to exceed Two Million Dollars ($2,000,000). No Company shall allow the release or disposal of hazardous waste, solid waste or other wastes on, under or to any
real property in which any Company holds any ownership interest or performs any of its operations, in violation of any Environmental Law. As used in this Section 5.16, “litigation or proceeding” means any demand, claim, notice, suit,
suit in equity action, administrative action, investigation or inquiry whether brought by any Governmental Authority or private Person, or otherwise. The Borrower shall defend, indemnify and hold the Administrative Agent and the Lenders harmless
against all costs, expenses, claims, damages, penalties and liabilities of every kind or nature whatsoever (including attorneys’ fees) arising out of or resulting from the noncompliance of any Company with any Environmental Law. Such
indemnification shall survive any termination of this Agreement. 
 Section 5.17. Affiliate Transactions. No Company
shall, directly or indirectly, enter into or permit to exist any transaction or series of transactions (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate (other
than a Company that is a Credit Party or a Foreign Subsidiary) on terms that shall be less favorable to such Company than those that might be obtained at the time in a transaction with a Person that is not an Affiliate; provided that the foregoing
shall not prohibit (a) any transaction entered into in the ordinary course of business and on terms consistent with past business practices of the Companies, or (b) the payment of customary and reasonable directors’ fees to directors
who are not employees of a Company or an Affiliate. 
 Section 5.18. Use of Proceeds. The Borrower’s use of the
proceeds of the Loans shall be for working capital and other general corporate purposes of the Companies, for the refinancing of existing Indebtedness and for Acquisitions permitted hereunder. 

Section 5.19. Corporate Names and Locations of Collateral. No Credit Party shall (a) change its corporate name, or
(b) change its state, province or other jurisdiction, or form of organization; unless, in each case, the Borrower shall have provided the Administrative Agent with at least thirty (30) days prior written notice thereof. The Borrower shall
also promptly notify the Administrative Agent of (i) any change in any principal location where a material amount of any Credit Party’s Inventory or Equipment is maintained in the United States, and any new locations where any material
amount of any Credit Party’s Inventory or Equipment is to be maintained in the United States; (ii) any change in the location of the office where any Credit Party’s records pertaining to its Accounts are kept; (iii) the location
of any new places of business and the changing or closing of any of its existing places of business; and (iv) any change in the location of any Credit Party’s chief executive office. In the event of any of the foregoing or if otherwise
deemed appropriate by the Administrative Agent, the Administrative Agent is hereby authorized to file new U.C.C. Financing Statements describing the Collateral and otherwise in form and substance sufficient for recordation wherever necessary or
appropriate, as determined in the Administrative Agent’s sole discretion, to perfect or continue 

  
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perfected the security interest of the Administrative Agent, for the benefit of the Lenders, in the Collateral. The Borrower shall pay all filing and recording fees and taxes in connection with
the filing or recordation of such U.C.C. Financing Statements and security interests and shall promptly reimburse the Administrative Agent therefor if the Administrative Agent pays the same. Such amounts not so paid or reimbursed shall be Related
Expenses hereunder. 
 Section 5.20. Subsidiary Guaranties, Security Documents and Pledge of Stock or Other Ownership
Interest. 
 (a) Guaranties and Security Documents. Each Domestic Subsidiary (that is not a Dormant Subsidiary)
created, acquired or held subsequent to the Closing Date, shall promptly execute and deliver to the Administrative Agent, for the benefit of the Lenders, a Guaranty of Payment (or a Guaranty of Payment Joinder) of all of the Obligations and a
Security Agreement (or a Security Agreement Joinder), such agreements to be prepared by the Administrative Agent and in form and substance reasonably acceptable to the Administrative Agent, along with any such other supporting documentation,
Security Documents, corporate governance and authorization documents, and an opinion of counsel as may be deemed necessary or advisable by the Administrative Agent. With respect to a Subsidiary that has been classified as a Dormant Subsidiary, at
such time that such Subsidiary no longer meets the requirements of a Dormant Subsidiary, the Borrower shall provide to the Administrative Agent prompt written notice thereof, and shall provide, with respect to such Subsidiary, all of the documents
referenced in the foregoing sentence. 
 (b) Pledge of Stock or Other Ownership Interest. With respect to the creation or
acquisition of a Domestic Subsidiary or first-tier Foreign Subsidiary of the Borrower or a Domestic Subsidiary, the Borrower shall deliver to the Administrative Agent, for the benefit of the Lenders, all of the share certificates (or other evidence
of equity) owned by a Credit Party pursuant to the terms of a Pledge Agreement prepared by the Administrative Agent and in form and substance satisfactory to the Administrative Agent, and executed by the appropriate Credit Party; provided that
(i) no such pledge shall include (A) shares of capital stock or other equity interests of any Foreign Subsidiary that is not a first-tier Foreign Subsidiary, and (B) shares of voting capital stock or other voting equity interests in
any first-tier Foreign Subsidiary in excess of sixty-five percent (65%) of the total outstanding shares of voting capital stock or other voting equity interest of such first-tier Foreign Subsidiary, and (ii) if the Administrative Agent, in
its reasonable discretion, after consultation with the Borrower, determines that either (A) the cost of delivery of any such share certificates is impractical or cost-prohibitive or (B) the benefits obtained by such action are outweighed
by the burdens of obtaining the same, then the Administrative Agent may agree to forego (until such time as the Administrative Agent determines it is practical to do so) the delivery of such share certificates. 

(c) Perfection or Registration of Interest in Foreign Shares. With respect to any foreign shares pledged to the Administrative
Agent, for the benefit of the Lenders, on or after the Closing Date, the Administrative Agent shall at all times, in the discretion of the Administrative Agent or the Required Lenders, have the right to perfect, upon ninety (90) days advance
notice, at the Borrower’s cost, payable upon request therefor (including, without limitation, any foreign counsel, or foreign notary, filing, registration or similar, fees, costs or expenses), its security

  
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interest in such shares in the respective foreign jurisdiction. Such perfection may include the requirement that the applicable Company promptly execute and deliver to the Administrative Agent a
separate pledge document (prepared by the Administrative Agent and in form and substance satisfactory to the Administrative Agent), covering such equity interests, that conforms to the requirements of the applicable foreign jurisdiction, together
with an opinion of local counsel as to the perfection of the security interest provided for therein, and all other documentation necessary or desirable to effect the foregoing and to permit the Administrative Agent to exercise any of its rights and
remedies in respect thereof; provided that (i) neither the Administrative Agent nor the Required Lenders shall require foreign perfection of shares in foreign jurisdictions for the shares of any Foreign Subsidiary that is not a Material Foreign
Subsidiary so long as all first-tier Foreign Subsidiaries (the shares of which there is no foreign perfection), together with their respective Foreign Subsidiaries, do not aggregate (A) ten percent (10%) or more of the Consolidated total
assets of the Borrower for the most recently completed fiscal quarter of Borrower, or (B) ten percent (10%) or more of the Consolidated total revenue of the Borrower for the most recently completed four fiscal quarters of the Borrower; and
(ii) if the Administrative Agent, in its reasonable discretion, after consultation with the Borrower, determines that the cost of perfecting in a foreign jurisdiction, the security interest of the Administrative Agent, for the benefit of the
Lenders, in the Pledged Securities relating to any Material Foreign Subsidiary, (A) is impractical or cost-prohibitive or (B) the benefits obtained by such action are outweighed by the burdens of obtaining the same, then the Administrative
Agent may agree to forego (until such time as the Administrative Agent determines it is practical to so perfect such interest) the foreign perfection of such security interest. 

Section 5.21. Collateral. The Borrower shall: 
 (a) on reasonable notice and at all reasonable times allow the Administrative Agent and the Lenders by or through any of the Administrative Agent’s officers, agents, employees, attorneys or
accountants to (i) examine, inspect and make extracts from the Borrower’s books and other records, including, without limitation, the tax returns of the Borrower, (ii) arrange for verification of the Borrower’s Accounts, under
reasonable procedures, directly with Account Debtors or by other methods, and (iii) examine and inspect the Borrower’s Inventory and Equipment, wherever located; provided that so long as an Event of Default has not occurred and is
continuing, the Administrative Agent and the Lenders (in the aggregate) may only take any such action provided by this subpart (a) one time during any fiscal year of the Borrower; 

(b) promptly furnish to the Administrative Agent or any Lender upon request (i) additional statements and information with respect
to the Collateral, and all writings and information relating to or evidencing any of the Borrower’s Accounts (including, without limitation, computer printouts or typewritten reports listing the mailing addresses of all present Account
Debtors), and (ii) any other writings and information as the Administrative Agent or such Lender may request; 
 (c)
promptly notify the Administrative Agent in writing upon the acquisition or creation by any Credit Party of a Deposit Account or Securities Account not listed on the notice provided to the Administrative Agent pursuant to Section 6.18 hereof
and provide for the execution of a Deposit Account Control Agreement or Securities Account Control Agreement 

  
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with respect thereto, if required by the Administrative Agent or the Required Lenders; provided that (i) a Deposit Account Control Agreement shall not be required for a Deposit Account so
long as the aggregate balance in all Deposit Accounts that are not subject to a Control Agreement does not exceed Five Million Dollars ($5,000,000) at any time, and (ii) a Securities Account Control Agreement shall not be required for a
Securities Account so long as the aggregate balance in all Securities Accounts that are not subject to a Control Agreement does not exceed Five Million Dollars ($5,000,000) at any time; 

(d) promptly notify the Administrative Agent in writing whenever (i) any Equipment or Inventory of a Credit Party, valued in excess
of One Million Dollars ($1,000,000), is located at a location of a third party (other than another Company) that is not listed on Schedule 6.9 hereto, or (ii) if the aggregate value of all Equipment and Inventory at third party locations
not subject to appropriate waivers satisfactory to the Administrative Agent exceeds Five Million Dollars ($5,000,000); and, in each case, cause to be executed any bailee’s waiver, processor’s waiver, Landlord’s Waiver or similar
document or notice that may be required by the Administrative Agent or the Required Lenders; 
 (e) except as otherwise
permitted by this Agreement, maintain the Borrower’s Equipment in good operating condition and repair, ordinary wear and tear excepted, making all necessary replacements thereof so that the value and operating efficiency thereof shall at all
times be maintained and preserved; 
 (f) with reasonable promptness after the written request of the Administrative Agent,
deliver to the Administrative Agent, to hold as security for the Secured Obligations, all certificated Investment Property owned by a Credit Party (excluding any Investment Property with respect to a Foreign Subsidiary that is not required to be
pledged pursuant to this Agreement), in suitable form for transfer by delivery, or accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Administrative Agent, or in the event such
Investment Property is in the possession of a Securities Intermediary or credited to a Securities Account, if required pursuant to Section 5.21(c) hereof, execute with the related Securities Intermediary a Securities Account Control Agreement
over such Securities Account in favor of the Administrative Agent, for the benefit of the Lenders, in form and substance satisfactory to the Administrative Agent; 
 (g) provide to the Administrative Agent, on a quarterly basis (as necessary), a list of any patents, trademarks or copyrights that have been federally registered during such quarter, and provide for the
execution of an appropriate Intellectual Property Security Agreement to the extent the owner of such Intellectual Property is the Borrower or a Guarantor of Payment; and 
 (h) upon request of the Administrative Agent, promptly take such action and promptly make, execute and deliver (subject to any conditions set forth in Sections 5.20(b) and 5.20(c) hereof) all such
additional and further items, deeds, assurances, instruments and any other writings as the Administrative Agent may from time to time deem necessary or appropriate, including, without limitation, chattel paper, to carry into effect the intention of
this Agreement, or so as to completely vest in and ensure to the Administrative Agent and the Lenders their respective rights hereunder and in or to the Collateral. 

  
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 The Borrower hereby authorizes the Administrative Agent, on behalf of the Lenders, to file U.C.C. Financing
Statements or other appropriate notices with respect to the Collateral. If certificates of title or applications for title are issued or outstanding with respect to any of the Inventory or Equipment of the Borrower, the Borrower shall, upon request
of the Administrative Agent, (i) execute and deliver to the Administrative Agent a short form security agreement, prepared by the Administrative Agent and in form and substance satisfactory to the Administrative Agent, and (ii) deliver
such certificate or application to the Administrative Agent and cause the interest of the Administrative Agent, for the benefit of the Lenders, to be properly noted thereon. The Borrower hereby authorizes the Administrative Agent or the
Administrative Agent’s designated agent (but without obligation by the Administrative Agent to do so) to incur Related Expenses (whether prior to, upon, or subsequent to any Default or Event of Default), and the Borrower shall promptly repay,
reimburse, and indemnify the Administrative Agent and the Lenders for any and all Related Expenses. If the Borrower fails to keep and maintain its Equipment in good operating condition, ordinary wear and tear excepted, the Administrative Agent may
(but shall not be required to) so maintain or repair all or any part of the Borrower’s Equipment and the cost thereof shall be a Related Expense. All Related Expenses are payable to the Administrative Agent upon demand therefor; the
Administrative Agent may, at its option, debit Related Expenses directly to any Deposit Account of a Company located at the Administrative Agent or the Revolving Loans. 
 Section 5.22. Property Acquired Subsequent to the Closing Date and Right to Take Additional Collateral. The Borrower shall provide the Administrative Agent with prompt written notice with
respect to any real or personal property (other than in the ordinary course of business and excluding Accounts, Inventory, Equipment and General Intangibles and other property acquired in the ordinary course of business or any Investment Property
that constitutes securities of a Foreign Subsidiary not required to be pledged pursuant to this Agreement) acquired by any Company subsequent to the Closing Date. In addition to any other right that the Administrative Agent and the Lenders may have
pursuant to this Agreement or otherwise, upon written request of the Administrative Agent, whenever made, the Borrower shall, and shall cause each Guarantor of Payment to, grant to the Administrative Agent, for the benefit of the Lenders, as
additional security for the Secured Obligations, a first Lien on any real or personal property of the Borrower and each Guarantor of Payment (other than for leased equipment or equipment subject to a purchase money security interest in which the
lessor or purchase money lender of such equipment holds a first priority security interest, in which case, the Administrative Agent shall have the right to obtain a security interest junior only to such lessor or purchase money lender), including,
without limitation, such property acquired subsequent to the Closing Date, in which the Administrative Agent does not have a first priority Lien. The Borrower agrees that, within ten Business Days after the date of such written request, to secure
all of the Secured Obligations by delivering to the Administrative Agent security agreements, intellectual property security agreements, pledge agreements, mortgages (or deeds of trust, if applicable) or other documents, instruments or agreements or
such thereof as the Administrative Agent may require. The Borrower shall pay all recordation, legal and other expenses in connection therewith. 
 Section 5.23. Restrictive Agreements. Except as set forth in this Agreement, the Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create or

  
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otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (a) make, directly or indirectly, any Capital Distribution to the
Borrower, (b) make, directly or indirectly, loans or advances or capital contributions to the Borrower or (c) transfer, directly or indirectly, any of the properties or assets of such Subsidiary to the Borrower; except for such
encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) customary non-assignment provisions in leases or other agreements entered in the ordinary course of business and consistent with past practices, or
(iii) customary restrictions in security agreements or mortgages securing Indebtedness, or capital leases, of a Company to the extent such restrictions shall only restrict the transfer of the property subject to such security agreement,
mortgage or lease, (iv) restrictions with respect to a Subsidiary imposed pursuant to an agreement which has been entered into in connection with the disposition of all or substantially all of the assets or capital stock of such Subsidiary, or
(v) customary restrictions in agreements executed by Foreign Subsidiaries in connection with foreign financing arrangements. 
 Section 5.24. Other Covenants and Provisions. In the event that any Company shall enter into, or shall have entered into, any Material Indebtedness Agreement, wherein the covenants and
agreements contained therein shall be more restrictive than the covenants and agreements set forth herein, then the Companies shall immediately be bound hereunder (without further action) by such more restrictive covenants and agreements with the
same force and effect as if such covenants and agreements were written herein. In addition to the foregoing, the Borrower shall provide prompt written notice to the Administrative Agent of the creation or existence of any Material Indebtedness
Agreement that has such more restrictive provisions, and shall, within fifteen (15) days thereafter (if requested by the Administrative Agent), execute and deliver to the Administrative Agent an amendment to this Agreement that incorporates
such more restrictive provisions, with such amendment to be in form and substance satisfactory to the Administrative Agent. 

Section 5.25. Subordinated Debt Documents. No Credit Party shall, without the prior written consent of the Administrative
Agent, amend, restate, supplement or otherwise modify any of the Subordinated Debt Documents to the extent that such amendment, restatement, supplement or modification is not permitted under the applicable Subordination Agreement. 

Section 5.26. Amendment of Organizational Documents. Without the prior written consent of the Administrative Agent, no Credit
Party shall (a) amend its Organizational Documents in any manner adverse to the Lenders, or (b) amend its Organizational Documents to change its name or state, province or other jurisdiction of organization, or its form of organization.

 Section 5.27. Further Assurances. The Borrower shall, promptly upon request by the Administrative Agent, or the
Required Lenders through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge,
deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments related to the Collateral as the Administrative Agent, or the Required Lenders through the
Administrative Agent, may reasonably require from time to time in order to carry out more effectively the purposes of the Loan Documents. 

  
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 ARTICLE VI. REPRESENTATIONS AND WARRANTIES 

Section 6.1. Corporate Existence; Subsidiaries; Foreign Qualification. Each Company is duly organized, validly existing, and
in good standing (or comparable concept in the applicable jurisdiction) under the laws of its state or jurisdiction of incorporation or organization, and is duly qualified and authorized to do business and is in good standing (or comparable concept
in the applicable jurisdiction) as a foreign entity in the jurisdictions set forth opposite its name on Schedule 6.1 hereto, which are all of the states or jurisdictions where the character of its property or its business activities makes
such qualification necessary, except where a failure to so qualify would not reasonably be expected to have a Material Adverse Effect. Each material Foreign Subsidiary is validly existing under the laws of its jurisdiction of organization.
Schedule 6.1 hereto sets forth, as of the Closing Date, each Subsidiary of the Borrower (and whether such Subsidiary is a Dormant Subsidiary) and each Person that is an owner of each Company’s equity (other than the Borrower), its state
(or jurisdiction) of formation, its relationship to the Borrower, including the percentage of each class of stock or other equity interest owned by a Company, the location of its chief executive office and its principal place of business. The
Borrower, directly or indirectly, owns all of the equity interests of each of its Subsidiaries (excluding directors’ qualifying shares and, in the case of Foreign Subsidiaries, other nominal amounts of shares held by a Person other than a
Company). 
 Section 6.2. Corporate Authority. Each Credit Party has the right and power and is duly authorized and
empowered to enter into, execute and deliver the Loan Documents to which it is a party and to perform and observe the provisions of the Loan Documents. The Loan Documents to which each Credit Party is a party have been duly authorized and approved
by such Credit Party’s board of directors or other governing body, as applicable, and are the valid and binding obligations of such Credit Party, enforceable against such Credit Party in accordance with their respective terms, except to the
extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditor’s rights and by equitable principles (regardless of whether enforcement is
sought in equity or at law). The execution, delivery and performance of the Loan Documents do not conflict with, result in a breach in any of the provisions of, constitute a default under, or result in the creation of a Lien (other than Liens
permitted under Section 5.9 hereof) upon any assets or property of any Company under the provisions of, such Company’s Organizational Documents or any material agreement to which such Company is a party. 

Section 6.3. Compliance with Laws and Contracts. Each Company: 

(a) holds permits, certificates, licenses, orders, registrations, franchises, authorizations, and other approvals from any Governmental
Authority necessary for the conduct of its business and is in compliance with all applicable laws relating thereto, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; 

(b) is in compliance with all federal, state, local, or foreign applicable statutes, rules, regulations, and orders including, without
limitation, those relating to environmental protection, 

  
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occupational safety and health, and equal employment practices, except where the failure to be in compliance could not reasonably be expected to have a Material Adverse Effect; 

(c) is not in violation of or in default under any material agreement to which it is a party or by which its assets are subject or bound,
except with respect to any violation or default that could not reasonably be expected to have a Material Adverse Effect; 
 (d)
has ensured that no Person who owns a controlling interest in a Company or otherwise controls a Company (other than the Borrower) and no executive officer or director of the Borrower is (i) listed on the Specially Designated Nationals and
Blocked Person List maintained by the Office of Foreign Assets Control (“OFAC”), Department of the Treasury, or any other similar lists maintained by OFAC pursuant to any authorizing statute, executive order or regulation, or (ii) a
Person designated under Section 1(b), (c) or (d) of Executive Order No. 13224 (September 23, 2001), any related enabling legislation or any other similar executive orders; 

(e) is in material compliance with all applicable Bank Secrecy Act (“BSA”) and anti-money laundering laws and regulations; and

 (f) is in compliance, in all material respects, with the Patriot Act. 

Section 6.4. Litigation and Administrative Proceedings. There are (a) no lawsuits, actions, investigations, examinations
or other proceedings pending or, to the knowledge of the Borrower, threatened against any Company, or in respect of which any Company may have any liability, in any court or before or by any Governmental Authority, arbitration board, or other
tribunal that could reasonably be expected to have a Material Adverse Effect, (b) no orders, writs, injunctions, judgments, or decrees of any court or Governmental Authority to which any Company is a party or by which the property or assets of
any Company are bound that could reasonably be expected to have a Material Adverse Effect, and (c) no grievances, disputes, or controversies outstanding with any union or other organization of the employees of any Company, or threats of work
stoppage, strike, or pending demands for collective bargaining that could reasonably be expected to have a Material Adverse Effect. Schedule 6.4 hereto sets forth all material litigation and administrative proceedings pending or, to the
knowledge of the Borrower, threatened against any Company. 
 Section 6.5. Title to Assets. Each Company has good
title to and ownership of all material property it purports to own that is material to the business of the Companies, which property is free and clear of all Liens, except those permitted under Section 5.9 hereof. As of the Closing Date, the
Companies own the real estate listed on Schedule 6.5 hereto. 
 Section 6.6. Liens and Security Interests. On
and after the Closing Date, except for Liens permitted pursuant to Section 5.9 hereof, (a) there is and will be no U.C.C. Financing Statement or similar notice of Lien outstanding covering any personal property of any Company;
(b) there is and will be no mortgage outstanding covering any real property of any Company; and (c) no real or personal property of any Company is subject to any Lien of any kind. The Administrative Agent, for the benefit of the Lenders,
upon the filing of the U.C.C. Financing 

  
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Statements and taking such other actions necessary to perfect its Lien against Collateral of the corresponding type as authorized hereunder will have a valid and enforceable first Lien on the
Collateral to the extent such Lien may be perfected by the filing of a U.C.C. Financing Statement. No Company has entered into any contract or agreement (other than (i) a contract or agreement entered into in connection with the purchase or
lease of fixed assets that prohibits Liens on such fixed assets or (ii) any agreement with a restriction that would not be enforceable under Section 9-406, 9-407 or 9-408 of the U.C.C., if such provisions were deemed to be applicable to
such restriction) that exists on or after the Closing Date that would prohibit the Administrative Agent or the Lenders from acquiring a Lien on, or a collateral assignment of, any of the property or assets of any Company. 

Section 6.7. Tax Returns. All federal and state, and material provincial and local tax returns and other material reports
required by law to be filed in respect of the income, business, properties and employees of each Company have been filed (or extended as permitted by applicable law) and all material domestic taxes (or foreign taxes to the extent the nonpayment of
such taxes would reasonably be expected to have a Material Adverse Effect), assessments, fees and other governmental charges that are due and payable have been paid, except as otherwise permitted herein. The provision for taxes on the books of each
Company is adequate for all years not closed by applicable statutes and for the current fiscal year. 
 Section 6.8.
Environmental Laws. Each Company is in material compliance with all Environmental Laws, including, without limitation, all Environmental Laws in all jurisdictions in which any Company owns or operates, or has owned or operated, a facility or
site, arranges or has arranged for disposal or treatment of hazardous substances, solid waste or other wastes, accepts or has accepted for transport any hazardous substances, solid waste or other wastes or holds or has held any interest in real
property or otherwise. No material litigation or proceeding arising under, relating to or in connection with any Environmental Law or Environmental Permit is pending or, to the knowledge of each Company, threatened, against any Company, any real
property in which any Company holds or has held an interest or any past or present operation of any Company. No material release, threatened release or disposal of hazardous waste, solid waste or other wastes is occurring, or has occurred (other
than those that are currently being remediated in accordance with Environmental Laws), on, under or to any real property in which any Company holds any interest or performs any of its operations, in violation of any Environmental Law. As used in
this Section 6.8, “litigation or proceeding” means any demand, claim, notice, suit, suit in equity, action, administrative action, investigation or inquiry whether brought by any Governmental Authority or private Person, or otherwise.

 Section 6.9. Locations. As of the Closing Date, the Credit Parties have places of business or maintain their
Accounts, Inventory and Equipment at the locations (including third party locations) set forth on Schedule 6.9 hereto, and each Credit Party’s chief executive office is set forth on Schedule 6.9 hereto. Schedule 6.9 hereto
further specifies whether each location, as of the Closing Date, (a) is owned by the Credit Parties, or (b) is leased by a Credit Party from a third party, and, if leased by a Credit Party from a third party, if a Landlord’s Waiver
has been requested. As of the Closing Date, Schedule 6.9 hereto correctly identifies the name and address of each third party location where a material portion of the assets of the Credit Parties are located. 

  
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 Section 6.10. Employee Benefits Plans. Schedule 6.10 hereto identifies
each ERISA Plan as of the Closing Date. No ERISA Event has occurred or is expected to occur with respect to an ERISA Plan. Full payment has been made of all amounts that a Controlled Group member is required, under applicable law or under the
governing documents, to have paid as a contribution to or a benefit under each ERISA Plan. The liability of each Controlled Group member with respect to each ERISA Plan has been fully funded based upon reasonable and proper actuarial assumptions,
has been fully insured, or has been fully reserved for on its financial statements. No changes have occurred or are expected to occur that would cause a material increase in the cost of providing benefits under the ERISA Plan. With respect to each
ERISA Plan that is intended to be qualified under Code Section 401(a), (a) the ERISA Plan and any associated trust operationally and demographically comply with the applicable requirements of Code Section 401(a); (b) the ERISA
Plan and any associated trust have been amended to comply with all such requirements as currently in effect, other than those requirements for which a retroactive amendment can be made within the “remedial amendment period” available under
Code Section 401(b) (as extended under Treasury Regulations and other Treasury pronouncements upon which taxpayers may rely); (c) the ERISA Plan and any associated trust have received a favorable determination letter from the Internal
Revenue Service stating (or the sponsor of the ERISA Plan is entitled to rely on an opinion letter from the Internal Revenue Service that, from a documentary standpoint, states) that the ERISA Plan qualifies under Code Section 401(a), that the
associated trust qualifies under Code Section 501(a) and, if applicable, that any cash or deferred arrangement under the ERISA Plan qualifies under Code Section 401(k), unless the ERISA Plan was first adopted at a time for which the
above-described “remedial amendment period” has not yet expired; and (d) no contribution made to the ERISA Plan is subject to an excise tax under Code Section 4972. With respect to any Pension Plan, the “accumulated benefit
obligation” of Controlled Group members with respect to the Pension Plan (as determined in accordance with Statement of Accounting Standards No. 87, “Employers’ Accounting for Pensions”) does not exceed the fair market value
of Pension Plan assets. As used in this Section 6.10, “material” means the measure of a matter of significance that shall be determined as being an amount equal to five percent (5%) of Consolidated Net Worth. 

Section 6.11. Consents or Approvals. No consent, approval or authorization of, or filing, registration or qualification with,
any Governmental Authority or any other Person is required to be obtained or completed by any Company in connection with the execution, delivery or performance of any of the Loan Documents, that has not already been obtained or completed, except the
filing and recording of financing statements and other documents necessary in order to perfect the Liens created by this Agreement or the Security Documents. 
 Section 6.12. Solvency. The Borrower has received consideration that is the reasonably equivalent value of the obligations and liabilities that the Borrower has incurred to the Administrative
Agent and the Lenders. The Borrower is not insolvent as defined in any applicable state, federal or relevant foreign statute, nor will the Borrower be rendered insolvent by the execution and delivery of the Loan Documents to the Administrative Agent
and the Lenders. The Borrower is not engaged or about to engage in any business or transaction for which the assets retained by it are or will be an unreasonably small amount of capital, taking into consideration the obligations to the
Administrative Agent and the Lenders incurred hereunder. 

  
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The Borrower does not intend to, nor does it believe that it will, incur debts beyond its ability to pay such debts as they mature. 

Section 6.13. Financial Statements. The audited Consolidated financial statements of the Borrower for the fiscal year ended
March 31, 2011 and the unaudited Consolidated financial statements of the Borrower for the fiscal quarter ended September 30, 2011, furnished to the Administrative Agent and the Lenders, are true and complete, have been prepared in
accordance with GAAP, and fairly present the financial condition of the Companies as of the dates of such financial statements and the results of their operations for the periods then ending. Since the dates of such statements, there has been no
material adverse change in any Company’s financial condition, properties or business or any change in any Company’s accounting procedures. 
 Section 6.14. Regulations. No Company is engaged principally or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any
“margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States of America). Neither the granting of any Loan (or any conversion thereof) or Letter of Credit nor the use of
the proceeds of any Loan or Letter of Credit will violate, or be inconsistent with, the provisions of Regulation T, U or X or any other Regulation of such Board of Governors. 
 Section 6.15. Material Agreements. Except as disclosed on Schedule 6.15 hereto, as of the Closing Date, no Company is a party to any Material Agreement that, if violated, breached, or
terminated for any reason, would have or would be reasonably expected to have a Material Adverse Effect. 
 Section 6.16.
Intellectual Property. Each Company owns, or has the right to use, all of the material patents, patent applications, industrial designs, designs, trademarks, service marks, copyrights and licenses, and rights with respect to the foregoing,
necessary for the conduct of its business without any known conflict with the rights of others. Schedule 6.16 hereto sets forth all federally registered patents, trademarks, copyrights, service marks and license agreements owned by each
Company as of the Closing Date. 
 Section 6.17. Insurance. Each Company maintains with financially sound and
reputable insurers insurance with coverage and limits as required by law and as is customary with Persons engaged in the same businesses as the Companies. Schedule 6.17 hereto sets forth all insurance carried by the Companies on the Closing
Date, setting forth in detail the amount and type of such insurance. 
 Section 6.18. Deposit Accounts and Securities
Accounts. The Borrower has provided to the Administrative Agent a list of all banks, other financial institutions and Securities Intermediaries at which the Borrower and any Guarantor of Payment maintain Deposit Accounts or Securities Accounts
as of the Closing Date, which list correctly identifies the name, address and telephone number of each such financial institution or Securities Intermediary, the name in which the account is held, a description of the purpose of the account, and the
complete account number therefor. 

  
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 Section 6.19. Accurate and Complete Statements. Neither the Loan Documents nor
any written statement made by any Company in connection with any of the Loan Documents contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained therein or in the Loan Documents not
materially misleading. After due inquiry by the Borrower, there is no known fact that any Company has not disclosed to the Administrative Agent and the Lenders that has or is likely to have a Material Adverse Effect. 

Section 6.20. Investment Company; Other Restrictions. No Company is (a) an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or (b) subject to any foreign, federal, state or local statute or regulation limiting its ability to incur
Indebtedness. 
 Section 6.21. Defaults. No Default or Event of Default exists hereunder, nor will any begin to
exist immediately after the execution and delivery hereof. 
 ARTICLE VII. SECURITY 

Section 7.1. Security Interest in Collateral. In consideration of and as security for the full and complete payment of all of
the Secured Obligations, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders (and affiliates thereof that hold Secured Obligations), a security interest in the Collateral. 

Section 7.2. Collections and Receipt of Proceeds by Borrower. 

(a) Prior to the exercise by the Administrative Agent and the Required Lenders of their rights under Article IX hereof, both (i) the
lawful collection and enforcement of all of the Borrower’s Accounts, and (ii) the lawful receipt and retention by the Borrower of all Proceeds of all of the Borrower’s Accounts and Inventory shall be as the agent of the Administrative
Agent and the Lenders. 
 (b) Upon written notice to the Borrower from the Administrative Agent after the occurrence and during
the continuance of an Event of Default, a Cash Collateral Account shall be opened by the Borrower at the main office of the Administrative Agent (or such other office as shall be designated by the Administrative Agent) and all such lawful
collections of the Borrower’s Accounts and such Proceeds of the Borrower’s Accounts and Inventory shall be remitted daily by the Borrower to the Administrative Agent in the form in which they are received by the Borrower, either by mailing
or by delivering such collections and Proceeds to the Administrative Agent, appropriately endorsed for deposit in the Cash Collateral Account. In the event that such notice is given to the Borrower from the Administrative Agent, the Borrower shall
not commingle such collections or Proceeds with any of the Borrower’s other funds or property, but shall hold such collections and Proceeds separate and apart therefrom upon an express trust for the Administrative Agent, for the benefit of the
Lenders. In such case, the Administrative Agent may, in its sole discretion, and shall, at the request of the Required Lenders, at any time and from time to time after the occurrence and during the continuance of an Event of Default, apply all or
any portion of the account balance in the Cash Collateral Account 

  
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as a credit against (i) the outstanding principal or interest of the Loans, or (ii) any other Secured Obligations in accordance with this Agreement. If any remittance shall be
dishonored, or if, upon final payment, any claim with respect thereto shall be made against the Administrative Agent on its warranties of collection, the Administrative Agent may charge the amount of such item against the Cash Collateral Account or
any other Deposit Account maintained by the Borrower with the Administrative Agent or with any other Lender, and, in any event, retain the same and the Borrower’s interest therein as additional security for the Secured Obligations. The
Administrative Agent may, in its sole discretion, at any time and from time to time, release funds from the Cash Collateral Account to the Borrower for use in the Borrower’s business. The balance in the Cash Collateral Account may be withdrawn
by the Borrower upon termination of this Agreement and payment in full of all of the Secured Obligations (other than inchoate indemnity obligations). 
 (c) After the occurrence and during the continuance of an Event of Default, at the Administrative Agent’s written request, the Borrower shall cause all remittances representing collections and
Proceeds of Collateral to be mailed to a lockbox at a location acceptable to the Administrative Agent to which the Administrative Agent shall have access for the processing of such items in accordance with the provisions, terms and conditions of the
customary lockbox agreement of the Administrative Agent. 
 (d) The Administrative Agent, or the Administrative Agent’s
designated agent, is hereby constituted and appointed attorney-in-fact for the Borrower with authority and power to endorse, after the occurrence and during the continuance of an Event of Default, any and all instruments, documents, and chattel
paper upon the failure of the Borrower to do so. Such authority and power, being coupled with an interest, shall be (i) irrevocable until all of the Secured Obligations (other than inchoate indemnity obligations) are paid, (ii) exercisable
by the Administrative Agent at any time and without any request upon the Borrower by the Administrative Agent to so endorse, and (iii) exercisable in the name of the Administrative Agent or the Borrower. The Borrower hereby waives presentment,
demand, notice of dishonor, protest, notice of protest, and any and all other similar notices with respect thereto, regardless of the form of any endorsement thereof. Neither the Administrative Agent nor the Lenders shall be bound or obligated to
take any action to preserve any rights therein against prior parties thereto. 
 Section 7.3. Collections and Receipt of
Proceeds by Administrative Agent. The Borrower hereby constitutes and appoints the Administrative Agent, or the Administrative Agent’s designated agent, as the Borrower’s attorney-in-fact to exercise, at any time, after the occurrence
and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete and full payment of all of the Secured Obligations (other than inchoate indemnity
obligations): 
 (a) to receive, retain, acquire, take, endorse, assign, deliver, accept, and deposit, in the name of the
Administrative Agent or the Borrower, any and all of the Borrower’s cash, instruments, chattel paper, documents, Proceeds of Accounts, Proceeds of Inventory, collection of Accounts, and any other writings relating to any of the Collateral. To
the extent not prohibited by law, the Borrower hereby waives presentment, demand, notice of dishonor, protest, notice of protest, and any and all other similar notices with respect thereto, regardless of the form

  
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of any endorsement thereof. The Administrative Agent shall not be bound or obligated to take any action to preserve any rights therein against prior parties thereto; 

(b) to transmit to Account Debtors, on any or all of the Borrower’s Accounts, notice of assignment to the Administrative Agent, for
the benefit of the Lenders, thereof and the security interest therein, and to request from such Account Debtors at any time, in the name of the Administrative Agent or the Borrower, information concerning the Borrower’s Accounts and the amounts
owing thereon; 
 (c) to transmit to purchasers of any or all of the Borrower’s Inventory, notice of the Administrative
Agent’s security interest therein, and to request from such purchasers at any time, in the name of the Administrative Agent or the Borrower, information concerning the Borrower’s Inventory and the amounts owing thereon by such purchasers;

 (d) to notify and require Account Debtors on the Borrower’s Accounts and purchasers of the Borrower’s Inventory to
make payment of their indebtedness directly to the Administrative Agent; 
 (e) to enter into or assent to such amendment,
compromise, extension, release or other modification of any kind of, or substitution for, the Accounts, or any thereof, as the Administrative Agent, in its sole discretion, may deem to be advisable; 

(f) to enforce the Accounts or any thereof, or any other Collateral, by suit or otherwise, to maintain any such suit or other proceeding
in the name of the Administrative Agent or the Borrower, and to withdraw any such suit or other proceeding. The Borrower agrees to lend every assistance requested by the Administrative Agent in respect of the foregoing, all at no cost or expense to
the Administrative Agent and including, without limitation, the furnishing of such witnesses and of such records and other writings as the Administrative Agent may require in connection with making legal proof of any Account. The Borrower agrees to
reimburse the Administrative Agent in full for all court costs and attorneys’ fees and every other cost, expense or liability, if any, incurred or paid by the Administrative Agent in connection with the foregoing, which obligation of the
Borrower shall constitute Obligations, shall be secured by the Collateral and shall bear interest, until paid, at the Default Rate; 
 (g) to take or bring, in the name of the Administrative Agent or the Borrower, all steps, actions, suits, or proceedings deemed by the Administrative Agent necessary or desirable to effect the receipt,
enforcement, and collection of the Collateral; and 
 (h) to accept all collections in any form relating to the Collateral,
including remittances that may reflect deductions, and to deposit the same into the Borrower’s Cash Collateral Account or, at the option of the Administrative Agent, to apply them as a payment against the Loans or any other Secured Obligations
in accordance with this Agreement. 
 Section 7.4. Administrative Agent’s Authority Under Pledged Notes. For
the better protection of the Administrative Agent and the Lenders hereunder, the Borrower, upon request of the Administrative Agent, will execute an appropriate endorsement on (or separate from) each

  
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Pledged Note and will deposit such Pledged Note with the Administrative Agent, for the benefit of the Lenders. The Borrower irrevocably authorizes and empowers the Administrative Agent, for the
benefit of the Lenders, to, during the occurrence and continuation of an Event of Default, (a) ask for, demand, collect and receive all payments of principal of and interest on the Pledged Notes; (b) compromise and settle any dispute
arising in respect of the foregoing; (c) execute and deliver vouchers, receipts and acquittances in full discharge of the foregoing; (d) exercise, in the Administrative Agent’s discretion, any right, power or privilege granted to the
holder of any Pledged Note by the provisions thereof including, without limitation, the right to demand security or to waive any default thereunder; (e) endorse the Borrower’s name to each check or other writing received by the
Administrative Agent as a payment or other proceeds of or otherwise in connection with any Pledged Note; (f) enforce delivery and payment of the principal and/or interest on the Pledged Notes, in each case by suit or otherwise as the
Administrative Agent may desire; and (g) enforce the security, if any, for the Pledged Notes by instituting foreclosure proceedings, by conducting public or other sales or otherwise, and to take all other steps as the Administrative Agent, in
its discretion, may deem advisable in connection with the forgoing; provided, however, that nothing contained or implied herein or elsewhere shall obligate the Administrative Agent to institute any action, suit or proceeding or to make or do any
other act or thing contemplated by this Section 7.4 or prohibit the Administrative Agent from settling, withdrawing or dismissing any action, suit or proceeding or require the Administrative Agent to preserve any other right of any kind in
respect of the Pledged Notes and the security, if any, therefor. 
 Section 7.5. Commercial Tort Claims. If the
Borrower shall at any time hold or acquire a Commercial Tort Claim in excess of Five Hundred Thousand Dollars ($500,000), the Borrower shall promptly notify the Administrative Agent thereof in a writing signed by the Borrower, that sets forth the
details thereof and grants to the Administrative Agent (for the benefit of the Lenders) a Lien thereon and on the Proceeds thereof, all upon the terms of this Agreement, with such writing to be prepared by and in form and substance reasonably
satisfactory to the Administrative Agent. 
 Section 7.6. Use of Inventory and Equipment. Until the exercise by the
Administrative Agent and the Required Lenders of their rights under Article IX hereof, the Borrower may (a) retain possession of and use its Inventory and Equipment in any lawful manner not inconsistent with this Agreement or with the terms,
conditions, or provisions of any policy of insurance thereon; (b) sell or lease its Inventory in the ordinary course of business or as otherwise permitted by this Agreement; and (c) use and consume any raw materials or supplies, the use
and consumption of which are necessary in order to carry on the Borrower’s business. 
 ARTICLE VIII. EVENTS OF DEFAULT

 Any of the following specified events shall constitute an Event of Default (each an “Event of Default”):

 Section 8.1. Payments. If (a) the interest on any Loan, any commitment or other fee, or any other Obligation
not listed in subpart (b) hereof, shall not be paid in full when due and 

  
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payable or within five days thereafter, or (b) the principal of any Loan or any reimbursement obligation under any Letter of Credit that has been drawn shall not be paid in full when due and
payable. 
 Section 8.2. Special Covenants. If any Company shall fail or omit to perform and observe
Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13, 5.15 or 5.24 hereof. 
 Section 8.3. Other Covenants. If any Company
shall fail or omit to perform and observe any agreement or other provision (other than those referred to in Section 8.1 or 8.2 hereof) contained or referred to in this Agreement or any Related Writing that is on such Company’s part to be
complied with, and that Default shall not have been fully corrected within thirty (30) days after the earlier of (a) any Financial Officer of such Company becomes aware of the occurrence thereof, or (b) the giving of written notice
thereof to the Borrower by the Administrative Agent or the Required Lenders that the specified Default is to be remedied. 

Section 8.4. Representations and Warranties. If any representation, warranty or statement made in or pursuant to this
Agreement or any Related Writing shall be false or erroneous in any material respect when made or deemed to have been made. 

Section 8.5. Cross Default. 
 (a) If any Company shall default in the payment of principal or interest due and owing under any Material Indebtedness Agreement beyond any period of grace provided with respect thereto or in the
performance or observance of any other agreement, term or condition contained in any agreement under which such obligation is created, if the effect of such default is to allow the acceleration of the maturity of such Indebtedness or to permit the
holder thereof to cause such Indebtedness to become due prior to its stated maturity. 
 (b) If an “event of default”,
or similar term under any Subordinated Debt Document (other than defaults that have been cured within applicable grace periods or have otherwise been waived) shall occur under any Subordinated Debt Document. 

Section 8.6. ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Lenders determine could
have a Material Adverse Effect (provided that such ERISA Event, when aggregated with all such other ERISA Events, could reasonably be expected to result in liabilities of the Companies in excess of Five Million Dollars ($5,000,000) in the
aggregate), or (b) results in a Lien on any of the assets of any Company, to the extent that the aggregate of all such Liens for all Companies exceeds One Million Dollars ($1,000,000). 

Section 8.7. Change in Control. If any Change in Control shall occur. 

Section 8.8. Judgments. There is entered against any Company: 

(a) a final judgment or order for the payment of money by a court of competent jurisdiction, that remains unpaid or unstayed and
undischarged for a period (during which execution shall not be effectively stayed) of sixty (60) days after the date on which the right to 

  
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appeal has expired, provided that the aggregate of all such judgments for all such Companies, shall exceed Ten Million Dollars ($10,000,000) (less any amount that will be covered by the proceeds
of insurance and is not subject to dispute by the insurance provider); or 
 (b) any one or more non-monetary final judgments
that are not covered by insurance, or, if covered by insurance, for which the insurance company has not agreed to or acknowledged coverage, and that, in either case, the Required Lenders reasonably determine have, or could be expected to have,
individually or in the aggregate, a Material Adverse Effect and, in either case, (i) enforcement proceedings are commenced by the prevailing party or any creditor upon such judgment or order, or (ii) there is a period of ten consecutive
Business Days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect. 
 Section 8.9. Security. If any Lien granted in this Agreement or any other Loan Document in favor of the Administrative Agent, for the benefit of the Lenders, shall be determined to be
(a) void, voidable or invalid, or is subordinated or not otherwise given the priority contemplated by this Agreement and the Borrower (or the appropriate Credit Party) has failed to promptly execute appropriate documents to correct such
matters, or (b) unperfected as to any material amount of Collateral (as determined by the Administrative Agent, in its reasonable discretion) and the Borrower (or the appropriate Credit Party) has failed to promptly execute appropriate
documents to correct such matters. 
 Section 8.10. Validity of Loan Documents. If (a) any material provision
of any Loan Document shall at any time cease to be valid, binding and enforceable against any Credit Party; (b) the validity, binding effect or enforceability of any Loan Document against any Credit Party shall be contested by any Credit Party;
(c) any Credit Party shall deny that it has any or further liability or obligation under any Loan Document; or (d) any Loan Document shall be terminated, invalidated or set aside, or be declared ineffective or inoperative or in any way
cease to give or provide to the Administrative Agent and the Lenders the benefits purported to be created thereby. 

Section 8.11. Solvency. 
 (a) Solvency of Certain Companies. If any Company (other than a Dormant Subsidiary) with assets of less than Two Million Five Hundred Thousand Dollars ($2,500,000) shall engage in or permit to
occur (whether voluntarily or involuntarily) any of the activities set forth in Section 8.11(b) hereof. 
 (b) Solvency
of the Companies. If any Company (other than a Company with aggregate assets of less than Two Million Five Hundred Thousand Dollars ($2,500,000) or a Dormant Subsidiary) shall (i) except as permitted pursuant to Section 5.12 hereof,
discontinue business; (ii) generally not pay its debts as such debts become due; (iii) make a general assignment for the benefit of creditors; (iv) apply for or consent to the appointment of an interim receiver, a receiver, a receiver
and manager, an administrator, sequestrator, monitor, a custodian, a trustee, an interim trustee, liquidator, agent or other similar official of all or a substantial part of its assets or of such Company; (v) be adjudicated a debtor or
insolvent or have entered against it an order for relief under the Bankruptcy Code, or under any other bankruptcy insolvency, 

  
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liquidation, winding-up, corporate or similar statute or law, foreign, federal, state or provincial, in any applicable jurisdiction, now or hereafter existing, as any of the foregoing may be
amended from time to time, or other applicable statute for jurisdictions outside of the United States, as the case may be; (vi) file a voluntary petition under the Bankruptcy Code or seek relief under any bankruptcy or insolvency or analogous
law in any jurisdiction outside of the United States, or file a proposal or notice of intention to file such petition; (vii) have an involuntary proceeding under the Bankruptcy Code filed against it and the same shall not be controverted within
ten Business Days, or shall continue undismissed for a period of sixty (60) days from commencement of such proceeding or case; (viii) file a petition, an answer, an application or a proposal seeking reorganization or an arrangement with
creditors or seeking to take advantage of any other law (whether federal, provincial or state, or, if applicable, other jurisdiction) relating to relief of debtors, or admit (by answer, by default or otherwise) the material allegations of a petition
filed against it in any bankruptcy, reorganization, insolvency or other proceeding (whether federal, provincial or state, or, if applicable, other jurisdiction) relating to relief of debtors; (ix) suffer or permit to continue unstayed and in
effect for sixty (60) consecutive days any judgment, decree or order entered by a court of competent jurisdiction, that approves a petition or an application or a proposal seeking its reorganization or appoints an interim receiver, a receiver
and manager, an administrator, custodian, trustee, interim trustee or liquidator of all or a substantial part of its assets, or of such Company; (x) have an administrative receiver appointed over the whole or substantially the whole of its
assets, or of such Company; (xi) have assets, the value of which is less than its liabilities (taking into account prospective and contingent liabilities, and rights of contribution from other Persons); or (xii) have a moratorium declared
in respect of any of its Indebtedness, or any analogous procedure or step is taken in any jurisdiction. 
 ARTICLE IX. REMEDIES
UPON DEFAULT 
 Notwithstanding any contrary provision or inference herein or elsewhere: 

Section 9.1. Optional Defaults. If any Event of Default referred to in Section 8.1, 8.2, 8.3, 8.4, 8.5, 8.6, 8.7, 8.8,
8.9, 8.10 or 8.11(a) hereof shall occur, the Administrative Agent may, with the consent of the Required Lenders, and shall, at the written request of the Required Lenders, give written notice to the Borrower to: 

(a) terminate the Commitment, if not previously terminated, and, immediately upon such election, the obligations of the Lenders, and each
thereof, to make any further Loan, and the obligation of the Fronting Lender to issue any Letter of Credit, immediately shall be terminated; and/or 
 (b) accelerate the maturity of all of the Obligations (if the Obligations are not already due and payable), whereupon all of the Obligations shall become and thereafter be immediately due and payable in
full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by the Borrower. 
 Section 9.2. Automatic Defaults. If any Event of Default referred to in Section 8.11(b) hereof shall occur: 

  
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 (a) all of the Commitment shall automatically and immediately terminate, if not previously
terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and 
 (b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations
are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by the Borrower. 
 Section 9.3. Letters of Credit. If the maturity of the Obligations shall be accelerated pursuant to Section 9.1 or 9.2 hereof, the Borrower shall immediately deposit with the
Administrative Agent, as security for the obligations of the Borrower and any Guarantor of Payment to reimburse the Administrative Agent and the Revolving Lenders for any then outstanding Letters of Credit, cash equal to the sum of the aggregate
undrawn balance of any then outstanding Letters of Credit. The Administrative Agent and the Lenders are hereby authorized, at their option, to deduct any and all such amounts from any deposit balances then owing by any Lender (or any affiliate of
such Lender, wherever located) to or for the credit or account of any Company, as security for the obligations of the Borrower and any Guarantor of Payment to reimburse the Administrative Agent and the Revolving Lenders for any then outstanding
Letters of Credit. 
 Section 9.4. Offsets. If there shall occur or exist any Event of Default referred to in
Section 8.11(b) hereof or if the maturity of the Obligations is accelerated pursuant to Section 9.1 or 9.2 hereof, each Lender shall have the right at any time to set off against, and to appropriate and apply toward the payment of, any and
all of the Obligations then owing by the Borrower or a Guarantor of Payment to such Lender (including, without limitation, any participation purchased or to be purchased pursuant to Section 2.2(b), 2.2(c) or 9.5 hereof), whether or not the same
shall then have matured, any and all deposit (general or special) balances and all other Indebtedness then held or owing by such Lender (including, without limitation, by branches and agencies or any affiliate of such Lender, wherever located) to or
for the credit or account of the Borrower or any Guarantor of Payment, all without notice to or demand upon the Borrower or any other Person, all such notices and demands being hereby expressly waived by the Borrower. 

Section 9.5. Equalization Provisions. Each Lender agrees with the other Lenders that if it, at any time, shall obtain any
Advantage over the other Lenders or any thereof in respect of the Obligations (except as to Swing Loans and Letters of Credit prior to the Administrative Agent’s giving of notice to participate and except under Article III hereof), it shall
purchase from the other Lenders, for cash and at par, such additional participation in the Obligations as shall be necessary to nullify the Advantage. If any such Advantage resulting in the purchase of an additional participation as aforesaid shall
be recovered in whole or in part from the Lender receiving the Advantage, each such purchase shall be rescinded, and the purchase price restored (but without interest unless the Lender receiving the Advantage is required to pay interest on the
Advantage to the Person recovering the Advantage from such Lender) ratably to the extent of the recovery. Each Lender further agrees with the other Lenders that if it at any time shall receive any payment for or on behalf of the Borrower (or through
any Guarantor of Payment) on any 

  
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Indebtedness owing by the Borrower pursuant to this Agreement (whether by voluntary payment, by realization upon security, by reason of offset of any deposit or other indebtedness, by
counterclaim or cross-action, by the enforcement of any right under any Loan Document, or otherwise), it will apply such payment first to any and all Obligations owing by the Borrower to that Lender (including, without limitation, any participation
purchased or to be purchased pursuant to this Section 9.5 or any other section of this Agreement). Each Credit Party agrees that any Lender so purchasing a participation from the other Lenders or any thereof pursuant to this Section 9.5
may exercise all of its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were a direct creditor of such Credit Party in the amount of such participation. 

Section 9.6. Collateral. The Administrative Agent and the Lenders shall at all times have the rights and remedies of a
secured party under the U.C.C., in addition to the rights and remedies of a secured party provided elsewhere within this Agreement, in any other Related Writing executed by the Borrower or otherwise provided in law or equity. Upon the occurrence and
during the continuance of an Event of Default and at all times thereafter, the Administrative Agent may require the Borrower to assemble the Collateral, which the Borrower agrees to do, and make it available to the Administrative Agent and the
Lenders at a reasonably convenient place to be designated by the Administrative Agent. The Administrative Agent may, with or without notice to or demand upon the Borrower and with or without the aid of legal process, make use of such force as may be
necessary to enter any premises where the Collateral, or any thereof, may be found and to take possession thereof (including anything found in or on the Collateral that is not specifically described in this Agreement, each of which findings shall be
considered to be an accession to and a part of the Collateral) and for that purpose may pursue the Collateral wherever the same may be found, without liability for trespass or damage caused thereby to the Borrower. After any delivery or taking of
possession of the Collateral, or any thereof, pursuant to this Agreement, then, with or without resort to the Borrower personally or any other Person or property, all of which the Borrower hereby waives, and upon such terms and in such manner as the
Administrative Agent may deem advisable, the Administrative Agent, in its discretion, may sell, assign, transfer and deliver any of the Collateral at any time, or from time to time. No prior notice need be given to the Borrower or to any other
Person in the case of any sale of Collateral that the Administrative Agent determines to be perishable or to be declining speedily in value or that is customarily sold in any recognized market, but in any other case the Administrative Agent shall
give the Borrower not fewer than ten days prior notice of either the time and place of any public sale of the Collateral or of the time after which any private sale or other intended disposition thereof is to be made. The Borrower waives
advertisement of any such sale and (except to the extent specifically required by the preceding sentence) waives notice of any kind in respect of any such sale. At any such public sale, the Administrative Agent or the Lenders may purchase the
Collateral, or any part thereof, free from any right of redemption, all of which rights the Borrower hereby waives and releases. After deducting all Related Expenses, and after paying all claims, if any, secured by Liens having precedence over this
Agreement, the Administrative Agent may apply the net proceeds of each such sale to or toward the payment of the Secured Obligations, whether or not then due, in such order and by such division as the Administrative Agent, in its sole discretion,
may deem advisable. Any excess, to the extent permitted by law, shall be paid to the Borrower, and the Borrower shall remain liable for any deficiency. In addition, the Administrative Agent shall, at all times after the occurrence and

  
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during the continuance of an Event of Default, have the right to obtain new appraisals of the Borrower or the Collateral, the cost of which shall be paid by the Borrower. 

Section 9.7. Other Remedies. The remedies in this Article IX are in addition to, not in limitation of, any other right,
power, privilege, or remedy, either in law, in equity, or otherwise, to which the Lenders may be entitled. The Administrative Agent shall exercise the rights under this Article IX and all other collection efforts on behalf of the Lenders and no
Lender shall act independently with respect thereto, except as otherwise specifically set forth in this Agreement. 

Section 9.8. Application of Proceeds. 
 (a) Payments Prior to Exercise of Remedies. Prior to the exercise by the Administrative Agent, on behalf of the Lenders, of remedies under this Agreement or the other Loan Documents, all monies
received by the Administrative Agent in connection with the Revolving Credit Commitment shall be applied, unless otherwise required by the terms of the other Loan Documents or by applicable law, to the Loans and Letters of Credit, as appropriate;
provided that the Administrative Agent shall have the right at all times to apply any payment received from the Borrower first to the payment of all obligations (to the extent not paid by the Borrower) incurred by the Administrative Agent pursuant
to Section 11.5 hereof and to the payment of Related Expenses. 
 (b) Payments Subsequent to Exercise of Remedies.
After the exercise by the Administrative Agent or the Required Lenders of remedies under this Agreement or the other Loan Documents, all monies received by the Administrative Agent shall be applied, unless otherwise required by the terms of the
other Loan Documents or by applicable law, as follows: 
 (i) first, to the payment of all obligations (to the
extent not paid by the Borrower) incurred by the Administrative Agent pursuant to Section 11.5 hereof and to the payment of Related Expenses; 
 (ii) second, to the payment pro rata of (A) interest then accrued and payable on the outstanding Loans, (B) any fees then accrued and payable to the Administrative Agent, and (C) any fees
then accrued and payable to the Fronting Lender or the holders of the Letter of Credit Commitment in respect of the Letter of Credit Exposure; 
 (iii) third, for payment of (A) principal outstanding on the Loans and the Letter of Credit Exposure, on a pro rata basis to the Lenders, based upon each such Lender’s Commitment Percentage,
provided that the amounts payable in respect of the Letter of Credit Exposure shall be held and applied by the Administrative Agent as security for the reimbursement obligations in respect thereof, and, if any Letter of Credit shall expire without
being drawn, then the amount with respect to such Letter of Credit shall be distributed to the Lenders, on a pro rata basis in accordance with this subsection (iii), (B) the Indebtedness under any Hedge Agreement with a Lender (or an entity
that is an affiliate of a then existing Lender), such amount to be based upon the net termination obligation of the Borrower under such Hedge Agreement, and (C) the Bank Product Obligations owing to a Lender (or an entity that is an affiliate
of a then existing Lender) 

  
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under Bank Product Agreements; with such payment to be pro rata among (A), (B) and (C) of this subsection (iii); and 

(iv) finally, any remaining surplus after all of the Secured Obligations have been paid in full, to the Borrower or to
whomsoever shall be lawfully entitled thereto. 
 ARTICLE X. THE ADMINISTRATIVE AGENT 

The Lenders authorize KeyBank and KeyBank hereby agrees to act as agent for the Lenders in respect of this Agreement upon the terms and
conditions set forth elsewhere in this Agreement, and upon the following terms and conditions: 
 Section 10.1.
Appointment and Authorization. Each Lender hereby irrevocably appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers hereunder as are delegated to the Administrative Agent by
the terms hereof, together with such powers as are reasonably incidental thereto. Neither the Administrative Agent nor any of its affiliates, directors, officers, attorneys or employees shall (a) be liable for any action taken or omitted to be
taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct (as determined by a final judgment of a court of competent jurisdiction), or be responsible in any manner to any of the
Lenders for the effectiveness, enforceability, genuineness, validity or due execution of this Agreement or any other Loan Documents, (b) be under any obligation to any Lender to ascertain or to inquire as to the performance or observance of any
of the terms, covenants or conditions hereof or thereof on the part of the Borrower or any other Company, or the financial condition of the Borrower or any other Company, or (c) be liable to any of the Companies for consequential damages
resulting from any breach of contract, tort or other wrong in connection with the negotiation, documentation, administration or collection of the Loans or Letters of Credit or any of the Loan Documents. Notwithstanding any provision to the contrary
contained in this Agreement or in any other Loan Document, the Administrative Agent shall not have any duty or responsibility except those expressly set forth herein, nor shall the Administrative Agent have or be deemed to have any fiduciary
relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.
Without limiting the generality of the foregoing sentence, the use of the term “agent” herein and in other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.

 Section 10.2. Note Holders. The Administrative Agent may treat the payee of any Note as the holder thereof (or,
if there is no Note, the holder of the interest as reflected on the books and records of the Administrative Agent) until written notice of transfer shall have been filed with the Administrative Agent, signed by such payee and in form satisfactory to
the Administrative Agent. 

  
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 Section 10.3. Consultation With Counsel. The Administrative Agent may consult
with legal counsel selected by the Administrative Agent and shall not be liable to the Lenders for any action taken or suffered in good faith by the Administrative Agent in accordance with the opinion of such counsel. 

Section 10.4. Documents. The Administrative Agent shall not be under any duty to examine into or pass upon the validity,
effectiveness, genuineness or value of any Loan Document or any other Related Writing furnished pursuant hereto or in connection herewith or the value of any collateral obtained hereunder, and the Administrative Agent shall be entitled to assume
that the same are valid, effective and genuine and what they purport to be. 
 Section 10.5. Administrative Agent and
Affiliates. KeyBank and its affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other
business with the Companies and Affiliates as though KeyBank was not the Administrative Agent hereunder and without notice to or consent of any Lender. Each Lender acknowledges that, pursuant to such activities, KeyBank or its affiliates may receive
information regarding any Company or any Affiliate (including information that may be subject to confidentiality obligations in favor of such Company or such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation to
provide such information to other Lenders. With respect to Loans and Letters of Credit (if any), KeyBank and its affiliates shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though KeyBank
were not the Administrative Agent, and the terms “Lender” and “Lenders” include KeyBank and its affiliates, to the extent applicable, in their individual capacities. 

Section 10.6. Knowledge or Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default unless the Administrative Agent has received written notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or
Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that, unless and until the Administrative Agent shall have received such directions, the Administrative Agent may
(but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable, in its discretion, for the protection of the interests of the Lenders. 

Section 10.7. Action by Administrative Agent. Subject to the other terms and conditions hereof, so long as the Administrative
Agent shall be entitled, pursuant to Section 10.6 hereof, to assume that no Default or Event of Default shall have occurred and be continuing, the Administrative Agent shall be entitled to use its discretion with respect to exercising or
refraining from exercising any rights that may be vested in it by, or with respect to taking or refraining from taking any action or actions that it may be able to take under or in respect of, this Agreement. The Administrative Agent shall incur no
liability under or in respect of this Agreement by acting upon any notice, certificate, warranty or other paper or instrument believed 

  
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by it to be genuine or authentic or to be signed by the proper party or parties, or with respect to anything that it may do or refrain from doing in the reasonable exercise of its judgment, or
that may seem to it to be necessary or desirable in the premises. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent’s acting or
refraining from acting hereunder in accordance with the instructions of the Required Lenders. 
 Section 10.8. Release
of Collateral or Guarantor of Payment. In the event of a transfer of assets permitted by Section 5.12 hereof or otherwise permitted pursuant to this Agreement where the proceeds of such transfer are applied in accordance with the terms of
this Agreement to the extent required to be so applied, or in the event of a merger or consolidation or similar event, permitted pursuant to this Agreement, the Administrative Agent, at the request and expense of the Borrower, is hereby authorized
by the Lenders to (a) release the relevant Collateral from this Agreement or any other Loan Document, (b) release a Guarantor of Payment in connection with such permitted transfer or event, and (c) duly assign, transfer and deliver to
the affected Person (without recourse and without any representation or warranty) such Collateral as is then (or has been) so transferred or released and as may be in possession of the Administrative Agent and has not theretofore been released
pursuant to this Agreement. 
 Section 10.9. Delegation of Duties. The Administrative Agent may execute any of its
duties under this Agreement or any other Loan Document by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The
Administrative Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct, as determined by a final judgment of a court of competent
jurisdiction. 
 Section 10.10. Indemnification of Administrative Agent. The Lenders agree to indemnify the
Administrative Agent (to the extent not reimbursed by the Borrower) ratably, according to their respective Commitment Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses (including reasonable attorneys’ fees and expenses) or disbursements of any kind or nature whatsoever that may be imposed on, incurred by or asserted against the Administrative Agent in its capacity as agent in any way relating to or
arising out of this Agreement or any other Loan Document or any action taken or omitted by the Administrative Agent with respect to this Agreement or any other Loan Document, provided that no Lender shall be liable for any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including attorneys’ fees and expenses) or disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct as
determined by a final judgment of a court of competent jurisdiction, or from any action taken or omitted by the Administrative Agent in any capacity other than as agent under this Agreement or any other Loan Document. No action taken in accordance
with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 10.10. The undertaking in this Section 10.10 shall survive repayment of the Loans, cancellation
of the Notes, if any, expiration or termination of the Letters of Credit, termination of the Commitment, any foreclosure under, or 

  
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modification, release or discharge of, any or all of the Loan Documents, termination of this Agreement and the resignation or replacement of the agent. 

Section 10.11. Successor Agent. The Administrative Agent may resign as agent hereunder by giving not fewer than thirty
(30) days prior written notice to the Borrower and the Lenders. If the Administrative Agent shall resign under this Agreement, then either (a) the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders
(with the consent of the Borrower so long as an Event of Default does not exist and which consent shall not be unreasonably withheld), or (b) if a successor agent shall not be so appointed and approved within the thirty (30) day period
following the Administrative Agent’s notice to the Lenders of its resignation, then the Administrative Agent shall appoint a successor agent that shall serve as agent until such time as the Required Lenders appoint a successor agent. If no
successor agent has accepted appointment as the Administrative Agent by the date that is thirty (30) days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall
nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. Upon its
appointment, such successor agent shall succeed to the rights, powers and duties as agent, and the term “Administrative Agent” means such successor effective upon its appointment, and the former agent’s rights, powers and duties as
agent shall be terminated without any other or further act or deed on the part of such former agent or any of the parties to this Agreement. After any retiring Administrative Agent’s resignation as the Administrative Agent, the provisions of
this Article X shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this Agreement and the other Loan Documents. 

Section 10.12. Fronting Lender. The Fronting Lender shall act on behalf of the Lenders with respect to any Letters of Credit
issued by the Fronting Lender and the documents associated therewith. The Fronting Lender shall have all of the benefits and immunities (a) provided to the Administrative Agent in this Article X with respect to any acts taken or omissions
suffered by the Fronting Lender in connection with the Letters of Credit and the applications and agreements for letters of credit pertaining to such Letters of Credit as fully as if the term “Administrative Agent”, as used in this Article
X, included the Fronting Lender with respect to such acts or omissions, and (b) as additionally provided in this Agreement with respect to the Fronting Lender. 
 Section 10.13. Swing Line Lender. The Swing Line Lender shall act on behalf of the Lenders with respect to any Swing Loans. The Swing Line Lender shall have all of the benefits and immunities
(a) provided to the Administrative Agent in this Article X with respect to any acts taken or omissions suffered by the Swing Line Lender in connection with the Swing Loans as fully as if the term “Administrative Agent”, as used in
this Article X, included the Swing Line Lender with respect to such acts or omissions, and (b) as additionally provided in this Agreement with respect to the Swing Line Lender. 

Section 10.14. Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, 

  
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adjustment, composition or other judicial proceeding relative to any Credit Party, (a) the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and
payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise, to
(i) file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in
order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and
all other amounts due the Lenders and the Administrative Agent) allowed in such judicial proceedings, and (ii) collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and
(b) any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the
Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its
agents and counsel, and any other amounts due the Administrative Agent. Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

Section 10.15. No Reliance on Administrative Agent’s Customer Identification Program. Each Lender acknowledges and
agrees that neither such Lender, nor any of its affiliates, participants or assignees, may rely on the Administrative Agent to carry out such Lender’s or its affiliate’s, participant’s or assignee’s customer identification
program, or other obligations required or imposed under or pursuant to the Patriot Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any
other anti-terrorism law, including any programs involving any of the following items relating to or in connection with the Borrower, its Affiliates or agents, the Loan Documents or the transactions hereunder: (a) any identity verification
procedures, (b) any record keeping, (c) any comparisons with government lists, (d) any customer notices or (e) any other procedures required under the CIP Regulations or such other laws. 

Section 10.16. Other Agents. The Administrative Agent shall have the continuing right from time to time to designate one or
more Lenders (or its or their affiliates) as “syndication agent”, “co-syndication agent”, “documentation agent”, “co-documentation agent”, “book runner”, “lead arranger”, “joint lead
arranger”, “arrangers” or other designations for purposes hereof, but (a) any such designation shall have no substantive effect, and (b) any such Lender and its affiliates shall have no additional powers, duties,
responsibilities or liabilities as a result thereof. 

  
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 ARTICLE XI. MISCELLANEOUS 

Section 11.1. Lenders’ Independent Investigation. Each Lender, by its signature to this Agreement, acknowledges and
agrees that the Administrative Agent has made no representation or warranty, express or implied, with respect to the creditworthiness, financial condition, or any other condition of any Company or with respect to the statements contained in any
information memorandum furnished in connection herewith or in any other oral or written communication between the Administrative Agent and such Lender. Each Lender represents that it has made and shall continue to make its own independent
investigation of the creditworthiness, financial condition and affairs of the Companies in connection with the extension of credit hereunder, and agrees that the Administrative Agent has no duty or responsibility, either initially or on a continuing
basis, to provide any Lender with any credit or other information with respect thereto (other than such notices as may be expressly required to be given by the Administrative Agent to the Lenders hereunder), whether coming into its possession before
the first Credit Event hereunder or at any time or times thereafter. Each Lender further represents that it has reviewed each of the Loan Documents. 
 Section 11.2. No Waiver; Cumulative Remedies. No omission or course of dealing on the part of the Administrative Agent, any Lender or the holder of any Note (or, if there is no Note, the
holder of the interest as reflected on the books and records of the Administrative Agent) in exercising any right, power or remedy hereunder or under any of the Loan Documents shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder or under any of the Loan Documents. The remedies herein provided are cumulative and in addition
to any other rights, powers or privileges held under any of the Loan Documents or by operation of law, by contract or otherwise. 
 Section 11.3. Amendments, Waivers and Consents. 
 (a) General
Rule. No amendment, modification, termination, or waiver of any provision of any Loan Document nor consent to any variance therefrom, shall be effective unless the same shall be in writing and signed by the Borrower and the Required Lenders and
then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

(b) Exceptions to the General Rule. Notwithstanding the provisions of subsection (a) of this Section 11.3: 

(i) Unanimous Consent Requirements. Subject to subpart (ii) below, unanimous consent of the Lenders shall be
required with respect to (A) any increase in the Commitment hereunder (except as specified in Section 2.9(b) hereof), (B) the extension of the stated maturity of the Loans, the payment date of interest or scheduled principal
hereunder, or the payment date of commitment fees payable hereunder, (C) any reduction in the stated rate of interest on the Loans (provided that the institution of the Default Rate or post default interest and a subsequent removal of the
Default Rate or post default interest shall not constitute a decrease in interest rate pursuant to this Section 

  
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11.3), or in any amount of interest or scheduled principal due on any Loan, or any reduction in the stated rate of commitment fees payable hereunder or any change in the manner of pro rata
application of any payments made by the Borrower to the Lenders hereunder, (D) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (E) the release of the Borrower or any
Guarantor of Payment or of any material amount of collateral securing the Secured Obligations, except as specifically permitted under the Loan Documents, or (F) any amendment to this Section 11.3 or Section 9.5 or 9.8 hereof.

 (ii) Provisions Relating to Special Rights and Duties. No provision of this Agreement affecting the
Administrative Agent in its capacity as such shall be amended, modified or waived without the consent of the Administrative Agent. The Administrative Agent Fee Letter may be amended or modified by the Administrative Agent and the Borrower without
the consent of any other Lender. No provision of this Agreement relating to the rights or duties of the Fronting Lender in its capacity as such shall be amended, modified or waived without the consent of the Fronting Lender. No provision of this
Agreement relating to the rights or duties of the Swing Line Lender in its capacity as such shall be amended, modified or waived without the consent of the Swing Line Lender. 
 (c) Replacement of Non-Consenting Lender. If, in connection with any proposed amendment, waiver or consent hereunder, (i) the consent of all Lenders is required, but only the consent of
Required Lenders is obtained, or (ii) the consent of Required Lenders is required, but the consent of the Required Lenders is not obtained (any Lender withholding consent as described in subparts (i) and (ii) hereof being referred to
as a “Non-Consenting Lender”), then, so long as the Administrative Agent is not the Non-Consenting Lender, the Administrative Agent may (and shall, if requested by the Borrower), at the sole expense of the Borrower, upon notice to such
Non-Consenting Lender and the Borrower, require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with the restrictions contained in Section 11.10 hereof) all of its interests, rights and obligations under this
Agreement to an Eligible Transferee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that such Non-Consenting Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from such Eligible Transferee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in
the case of all other amounts, including any breakage compensation under Article III hereof). 
 (d) Generally. Notice of
amendments, waivers or consents ratified by the Lenders hereunder shall be forwarded by the Administrative Agent to all of the Lenders. Each Lender or other holder of a Note, or if there is no Note, the holder of the interest as reflected on the
books and records of the Administrative Agent (or interest in any Loan or Letter of Credit) shall be bound by any amendment, waiver or consent obtained as authorized by this Section 11.3, regardless of its failure to agree thereto. 

Section 11.4. Notices. All notices, requests, demands and other communications provided for hereunder shall be in writing
and, if to the Borrower, mailed or delivered to it, 

  
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addressed to it at the address specified on the signature pages of this Agreement, if to a Lender, mailed or delivered to it, addressed to the address of such Lender specified on the signature
pages of this Agreement, or, as to each party, at such other address as shall be designated by such party in a written notice to each of the other parties. All notices, statements, requests, demands and other communications provided for hereunder
shall be deemed to be given or made when delivered (if received during a Business Day, such Business Day, otherwise the following Business Day), or two Business Days after being deposited in the mails with postage prepaid by registered or certified
mail, addressed as aforesaid, or sent by facsimile or electronic communication, in each case with telephonic confirmation of receipt. All notices hereunder shall not be effective until received. For purposes of Article II hereof, the Administrative
Agent shall be entitled to rely on telephonic instructions from any person that the Administrative Agent in good faith believes is an Authorized Officer, and the Borrower shall hold the Administrative Agent and each Lender harmless from any loss,
cost or expense resulting from any such reliance. 
 Section 11.5. Costs, Expenses and Documentary Taxes. The
Borrower agrees to pay on demand all costs and expenses of the Administrative Agent and all Related Expenses, including but not limited to (a) syndication, administration, travel and reasonable out-of-pocket expenses, including but not limited
to attorneys’ fees and expenses, of the Administrative Agent in connection with the preparation, negotiation and closing of the Loan Documents and the administration of the Loan Documents, and the collection and disbursement of all funds
hereunder and the other instruments and documents to be delivered hereunder, (b) extraordinary expenses of the Administrative Agent in connection with the administration of the Loan Documents and the other instruments and documents to be
delivered hereunder, and (c) the reasonable fees and out-of-pocket expenses of special counsel for the Administrative Agent, with respect to the foregoing, and of local counsel, if any, who may be retained by said special counsel with respect
thereto. The Borrower also agrees to pay on demand all costs and expenses (including Related Expenses) of the Administrative Agent and the Lenders, including reasonable attorneys’ fees and expenses, in connection with the restructuring or
enforcement of the Obligations, this Agreement or any Related Writing. In addition, the Borrower shall pay any and all stamp, transfer, documentary and other taxes, assessments, charges and fees payable or determined to be payable in connection with
the execution and delivery of the Loan Documents, and the other instruments and documents to be delivered hereunder, and agrees to hold the Administrative Agent and each Lender harmless from and against any and all liabilities with respect to or
resulting from any delay in paying or failure to pay such taxes or fees, other than those liabilities resulting from the gross negligence or willful misconduct of the Administrative Agent, or, with respect to amounts owing to a Lender, such Lender,
in each case as determined by a final judgment of a court of competent jurisdiction. All obligations provided for in this Section 11.5 shall survive any termination of this Agreement. 

Section 11.6. Indemnification. The Borrower agrees to defend, indemnify and hold harmless the Administrative Agent and the
Lenders (and their respective affiliates, officers, directors, attorneys, agents and employees) from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including reasonable
attorneys’ fees) or disbursements of any kind or nature whatsoever that may be imposed on, incurred by or asserted against the Administrative Agent or any Lender in connection with any investigative, administrative or judicial proceeding
(whether or not such Lender or the 

  
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Administrative Agent shall be designated a party thereto) or any other claim by any Person relating to or arising out of any Loan Document or any actual or proposed use of proceeds of the Loans
or any of the Obligations, or any activities of any Company or its Affiliates; provided that no Lender nor the Administrative Agent shall have the right to be indemnified under this Section 11.6 for its own gross negligence or willful
misconduct, as determined by a final judgment of a court of competent jurisdiction. All obligations provided for in this Section 11.6 shall survive any termination of this Agreement. 

Section 11.7. Obligations Several; No Fiduciary Obligations. The obligations of the Lenders hereunder are several and not
joint. Nothing contained in this Agreement and no action taken by the Administrative Agent or the Lenders pursuant hereto shall be deemed to constitute the Administrative Agent or the Lenders a partnership, association, joint venture or other
entity. No default by any Lender hereunder shall excuse the other Lenders from any obligation under this Agreement; but no Lender shall have or acquire any additional obligation of any kind by reason of such default. The relationship between the
Borrower and the Lenders with respect to the Loan Documents and the Related Writings is and shall be solely that of debtor and creditors, respectively, and neither the Administrative Agent nor any Lender shall have any fiduciary obligation toward
any Credit Party with respect to any such documents or the transactions contemplated thereby. 
 Section 11.8. Execution
in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, and by facsimile or other electronic signature, each of which counterparts when so executed and delivered
shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 

Section 11.9. Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been
executed by the Borrower, the Administrative Agent and each Lender and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each of the Lenders and their respective successors and permitted assigns,
except that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Administrative Agent and all of the Lenders. 

Section 11.10. Lender Assignments. 
 (a) Assignments of Commitments. Each Lender shall have the right at any time or times to assign to an Eligible Transferee (other than to a Lender that shall not be in compliance with this
Agreement), without recourse, all or a percentage of all of the following: (i) such Lender’s Commitment, (ii) all Loans made by that Lender, (iii) such Lender’s Notes, and (iv) such Lender’s interest in any Letter
of Credit or Swing Loan, and any participation purchased pursuant to Section 2.2(b) or (c) or Section 9.5 hereof. 
 (b) Prior Consent. No assignment may be consummated pursuant to this Section 11.10 without the prior written consent of the Borrower and the Administrative Agent (other than an assignment by
any Lender to any affiliate of such Lender which affiliate is an Eligible 

  
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Transferee and either wholly-owned by a Lender or is wholly-owned by a Person that wholly owns, either directly or indirectly, such Lender, or to another Lender), which consent of the Borrower
and the Administrative Agent shall not be unreasonably withheld; provided that (i) the consent of the Borrower shall not be required if, at the time of the proposed assignment, any Default or Event of Default shall then exist and (ii) the
Borrower shall be deemed to have granted its consent unless the Borrower has expressly objected to such assignment within five Business Days after notice thereof. Anything herein to the contrary notwithstanding, any Lender may at any time make a
collateral assignment of all or any portion of its rights under the Loan Documents to a Federal Reserve Bank, and no such assignment shall release such assigning Lender from its obligations hereunder. 

(c) Minimum Amount. Each such assignment shall be in a minimum amount of the lesser of One Million Dollars ($1,000,000) of the
assignor’s Commitment and interest herein, or the entire amount of the assignor’s Commitment and interest herein. 

(d) Assignment Fee. Unless the assignment shall be to an affiliate of the assignor or the assignment shall be due to merger of the
assignor or for regulatory purposes, either the assignor or the assignee shall remit to the Administrative Agent, for its own account, an administrative fee of Three Thousand Five Hundred Dollars ($3,500). 

(e) Assignment Agreement. Unless the assignment shall be due to merger of the assignor or a collateral assignment for regulatory
purposes, the assignor shall (i) cause the assignee to execute and deliver to the Borrower and the Administrative Agent an Assignment Agreement, and (ii) execute and deliver, or cause the assignee to execute and deliver, as the case may
be, to the Administrative Agent such additional amendments, assurances and other writings as the Administrative Agent may reasonably require. 
 (f) Non-U.S. Assignee. If the assignment is to be made to an assignee that is organized under the laws of any jurisdiction other than the United States or any state thereof, the assignor Lender
shall cause such assignee, at least five Business Days prior to the effective date of such assignment, (i) to represent to the assignor Lender (for the benefit of the assignor Lender, the Administrative Agent and the Borrower) that under
applicable law and treaties no taxes will be required to be withheld by the Administrative Agent, the Borrower or the assignor with respect to any payments to be made to such assignee in respect of the Loans hereunder, (ii) to furnish to the
assignor Lender (and, in the case of any assignee registered in the Register (as defined below), the Administrative Agent and the Borrower) either U.S. Internal Revenue Service Form W-8ECI, Form W-8IMY or U.S. Internal Revenue Service Form W-8BEN,
as applicable (wherein such assignee claims entitlement to complete exemption from U.S. federal withholding tax on all payments hereunder), and (iii) to agree (for the benefit of the assignor, the Administrative Agent and the Borrower) to
provide to the assignor Lender (and, in the case of any assignee registered in the Register, to the Administrative Agent and the Borrower) a new Form W-8ECI, Form W-8IMY or Form W-8BEN, as applicable, upon the expiration or obsolescence of any
previously delivered form and comparable statements in accordance with applicable U.S. laws and regulations and amendments duly executed and completed by such assignee, and to comply from time to time with all applicable U.S. laws and regulations
with regard to such withholding tax exemption. 

  
 89 

 (g) Deliveries by Borrower. Upon satisfaction of all applicable requirements
specified in subsections (a) through (f) above, the Borrower shall execute and deliver (i) to the Administrative Agent, the assignor and the assignee, any consent or release (of all or a portion of the obligations of the assignor)
required to be delivered by the Borrower in connection with the Assignment Agreement, and (ii) to the assignee, if requested, and the assignor, if applicable, an appropriate Note or Notes. After delivery of the new Note or Notes, the
assignor’s Note or Notes, if any, being replaced shall be returned to the Borrower marked “replaced”. 
 (h)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.10, (i) the assignee shall become and thereafter
be deemed to be a “Lender” for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s
entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without
further action, to reflect the result of any such assignment. 
 (i) Administrative Agent to Maintain Register.
Administrative Agent shall maintain at the address for notices referred to in Section 11.4 hereof a copy of each Assignment Agreement delivered to it and a register (the “Register”) for the recordation of the names and addresses of
the Lenders and the Commitment of, and principal amount of the Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and the Borrower, the Administrative Agent and the
Lenders may treat each Person whose name is recorded in the Register as the owner of the Loan recorded therein for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time
and from time to time upon reasonable prior notice. 
 Section 11.11. Sale of Participations. Any Lender may, in the
ordinary course of its commercial banking business and in accordance with applicable law, at any time sell participations to one or more Eligible Transferees (each a “Participant”) in all or a portion of its rights or obligations under
this Agreement and the other Loan Documents (including, without limitation, all or a portion of the Commitment and the Loans and participations owing to it and the Note, if any, held by it) without the consent of the Borrower or the Administrative
Agent; provided that: 
 (a) any such Lender’s obligations under this Agreement and the other Loan Documents shall remain
unchanged; 
 (b) such Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations; 
 (c) the parties hereto shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement and each of the other Loan Documents; 

  
 90 

 (d) such Participant shall be bound by the provisions of Section 9.5 hereof, and the
Lender selling such participation shall obtain from such Participant a written confirmation of its agreement to be so bound; and 
 (e) no Participant (unless such Participant is itself a Lender) shall be entitled to require such Lender to take or refrain from taking action under this Agreement or under any other Loan Document, except
that such Lender may agree with such Participant that such Lender will not, without such Participant’s consent, take action of the type described as follows: 

(i) increase the portion of the participation amount of any Participant over the amount thereof then in effect, or extend
the Commitment Period, without the written consent of each Participant affected thereby; or 
 (ii) reduce the
principal amount of or extend the time for any payment of principal of any Loan, or reduce the rate of interest or extend the time for payment of interest on any Loan, or reduce the commitment fee, without the written consent of each Participant
affected thereby. 
 The Borrower agrees that any Lender that sells participations pursuant to this Section 11.11 shall still be entitled
to the benefits of Article III hereof, notwithstanding any such transfer; provided that the obligations of the Borrower shall not increase as a result of such transfer and the Borrower shall have no obligation to any Participant. 

Section 11.12. Replacement of Affected Lenders. Each Lender agrees that, during the time in which any Lender is an Affected
Lender, the Administrative Agent shall have the right (and the Administrative Agent shall, if requested by the Borrower), at the sole expense of the Borrower, upon notice to such Affected Lender and the Borrower, to require that such Affected Lender
assign and delegate, without recourse (in accordance with the restrictions contained in Section 11.10 hereof), all of its interests, rights and obligations under this Agreement to an Eligible Transferee, approved by the Borrower (unless an
Event of Default shall exist) and the Administrative Agent, that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that such Affected Lender shall have received payment of an amount
equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder (recognizing that any Affected Lender may have given up its rights under this Agreement to receive payment of fees
and other amounts pursuant to Section 2.6(e) and (f) hereof), from such Eligible Transferee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts, including any
breakage compensation under Article III hereof). 
 Section 11.13. Patriot Act Notice. Each Lender and the
Administrative Agent (for itself and not on behalf of any other party) hereby notifies the Credit Parties that, pursuant to the requirements of the Patriot Act, such Lender and the Administrative Agent are required to obtain, verify and record
information that identifies the Credit Parties, which information includes the name and address of each of the Credit Parties and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Credit
Parties in accordance with the Patriot Act. The Borrower shall provide, to the extent commercially reasonable, such 

  
 91 

 
information and take such actions as are reasonably requested by the Administrative Agent or a Lender in order to assist the Administrative Agent or such Lender in maintaining compliance with the
Patriot Act. 
 Section 11.14. Severability of Provisions; Captions; Attachments. Any provision of this Agreement
that shall be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or
enforceability of such provision in any other jurisdiction. The several captions to sections and subsections herein are inserted for convenience only and shall be ignored in interpreting the provisions of this Agreement. Each schedule or exhibit
attached to this Agreement shall be incorporated herein and shall be deemed to be a part hereof. 
 Section 11.15.
Investment Purpose. Each of the Lenders represents and warrants to the Borrower that it is entering into this Agreement with the present intention of acquiring any Note issued pursuant hereto (or, if there is no Note, the interest as
reflected on the books and records of the Administrative Agent) for investment purposes only and not for the purpose of distribution or resale, it being understood, however, that each Lender shall at all times retain full control over the
disposition of its assets. 
 Section 11.16. Entire Agreement. This Agreement, any Note and any other Loan Document
or other agreement, document or instrument attached hereto or executed on or as of the Closing Date integrate all of the terms and conditions mentioned herein or incidental hereto and supersede all oral representations and negotiations and prior
writings with respect to the subject matter hereof. 
 Section 11.17. Limitations on Liability of the Fronting
Lender. The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letters of Credit. Neither the Fronting Lender nor any of its officers or directors shall be
liable or responsible for (a) the use that may be made of any Letter of Credit or any acts or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any
endorsement thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; (c) payment by the Fronting Lender against presentation of documents that do not comply with the terms of a
Letter of Credit, including failure of any documents to bear any reference or adequate reference to such Letter of Credit; or (d) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit, except that
the account party on such Letter of Credit shall have a claim against the Fronting Lender, and the Fronting Lender shall be liable to such account party, to the extent of any direct, but not consequential, damages suffered by such account party that
such account party proves were caused by (i) the Fronting Lender’s willful misconduct or gross negligence (as determined by a final judgment of a court of competent jurisdiction) in determining whether documents presented under a Letter of
Credit comply with the terms of such Letter of Credit, or (ii) the Fronting Lender’s willful failure to make lawful payment under any Letter of Credit after the presentation to it of documentation strictly complying with the terms and
conditions of such Letter of Credit. In furtherance and not in limitation of the 

  
 92 

 
foregoing, the Fronting Lender may accept documents that appear on their face to be in order, without responsibility for further investigation. 

Section 11.18. General Limitation of Liability. No claim may be made by any Credit Party, any Lender, the Administrative
Agent, the Fronting Lender or any other Person against the Administrative Agent, the Fronting Lender, or any other Lender or the affiliates, directors, officers, employees, attorneys or agents of any of them for any damages other than actual
compensatory damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the transactions contemplated by this Agreement or any of the other Loan Documents, or any act, omission or event
occurring in connection therewith; and the Borrower, each Lender, the Administrative Agent and the Fronting Lender hereby, to the fullest extent permitted under applicable law, waive, release and agree not to sue or counterclaim upon any such claim
for any special, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in their favor. 
 Section 11.19. No Duty. All attorneys, accountants, appraisers, consultants and other professional persons (including the firms or other entities on behalf of which any such Person may act)
retained by the Administrative Agent or any Lender with respect to the transactions contemplated by the Loan Documents shall have the right to act exclusively in the interest of the Administrative Agent or such Lender, as the case may be, and shall
have no duty of disclosure, duty of loyalty, duty of care, or other duty or obligation of any type or nature whatsoever to the Borrower, any other Companies, or to any other Person, with respect to any matters within the scope of such representation
or related to their activities in connection with such representation. The Borrower agrees, on behalf of itself and its Subsidiaries, not to assert any claim or counterclaim against any such persons with regard to such matters, all such claims and
counterclaims, now existing or hereafter arising, whether known or unknown, foreseen or unforeseeable, being hereby waived, released and forever discharged. 
 Section 11.20. Legal Representation of Parties. The Loan Documents were negotiated by the parties with the benefit of legal representation and any rule of construction or interpretation
otherwise requiring this Agreement or any other Loan Document to be construed or interpreted against any party shall not apply to any construction or interpretation hereof or thereof. 

Section 11.21. Governing Law; Submission to Jurisdiction. 

(a) Governing Law. This Agreement, each of the Notes and any Related Writing (except as otherwise set forth in any Loan Document
executed by a Foreign Subsidiary) shall be governed by and construed in accordance with the laws of the State of New York and the respective rights and obligations of the Borrower, the Administrative Agent, and the Lenders shall be governed by New
York law, without regard to principles of conflicts of laws. 
 (b) Submission to Jurisdiction. The Borrower hereby
irrevocably submits to the non-exclusive jurisdiction of any New York state or federal court sitting in New York County, New York, over any action or proceeding arising out of or relating to this Agreement, the Obligations or any Related Writing
(except as otherwise set forth in any Loan Document 

  
 93 

 
executed by a Foreign Subsidiary), and the Borrower hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such New York state or federal
court. The Borrower, on behalf of itself and its Subsidiaries, hereby irrevocably waives, to the fullest extent permitted by law, any objection it may now or hereafter have to the laying of venue in any action or proceeding in any such court as well
as any right it may now or hereafter have to remove such action or proceeding, once commenced, to another court on the grounds of FORUM NON CONVENIENS or otherwise. The Borrower agrees that a final, non-appealable judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 [Remainder of page left intentionally blank] 

  
 94 

 Section 11.22. JURY TRIAL WAIVER. TO THE EXTENT PERMITTED BY LAW, THE BORROWER,
THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS, OR ANY THEREOF, ARISING OUT
OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS
RELATED THERETO. 
 IN WITNESS WHEREOF, the parties have executed and delivered this Credit and Security Agreement as of the
date first set forth above. 
  

							
	Address:	  	310 Littleton Road	 	NETSCOUT SYSTEMS, INC.
		  	Westford, Massachusetts 01886	 		 	
		  	 Attention: Vice President of Finance
	 	By:	 	 /s/ Jean Bua

		  		 		 	Jean Bua
		  		 		 	Vice President of Finance

  
 Signature Page
1 of 8 to 
 Credit and Security Agreement 

							
	Address:	  	 127 Public Square
 Cleveland,
Ohio 44114-1306
	 	 KEYBANK NATIONAL ASSOCIATION
as the Administrative Agent and as a Lender

		  	Attention: Institutional Bank	 		 	
				
		  		 	By:	 	 /s/ Shibani Faehnle

		  		 		 	Shibani Faehnle
		  		 		 	Vice President

  
 Signature Page
2 of 8 to 
 Credit and Security Agreement 

							
	Address:	  	 101 Federal Street
 Suite
2020
	 	 WELLS FARGO BANK, NATIONAL ASSOCIATION

		  	Boston, MA 02110	 		 	
		  	Attention: Robert Storer	 	By:	 	 /s/ Robert Storer

		  		 	Name: Robert Storer
		  		 	Title: Vice President

  
 Signature Page
3 of 8 to 
 Credit and Security Agreement 

							
	Address:	  	Bank of America	 	BANK OF AMERICA, N.A.
		  	100 Front Street, 9th Floor	 		 	
		  	Worcester, MA 01608	 		 	
		  	Attention: John B. Desmond	 	By:	 	 /s/ John B. Desmond

		  		 	Name: John B. Desmond
		  		 	Title: Senior Vice President

  
 Signature Page
4 of 8 to 
 Credit and Security Agreement 

							
	Address:	  	Comerica Bank	 	COMERICA BANK
		  	226 Airport Parkway, Suite 100	 		 	
		  	San Jose, CA 95110	 		 	
		  	Attention: Chris Benioff	 	By:	 	 /s/ Robert Shutt

		  		 	Name: Robert Shutt
		  		 	Title: Senior Vice President

  
 Signature Page
5 of 8 to 
 Credit and Security Agreement 

							
	Address:	  	275 Grove St., Ste, 2-200	 	SILICON VALLEY BANK
		  	Newton, MA 02466	 		 	
		  	Attention: Phil Silvia	 		 	
		  		 	By:	 	 /s/ Philip T. Silvia III

		  		 	Name: Philip T. Silvia III
		  		 	Title: Vice President

  
 Signature Page
6 of 8 to 
 Credit and Security Agreement 

							
	Address:	  	75 State Street	 	SOVEREIGN BANK
		  	Boston, MA 02109	 		 	
		  	Attention: Jay Massimo	 		 	
		  		 	By:	 	 /s/ Jay L. Massimo

		  		 	Name: Jay L. Massimo
		  		 	Title: Senior Vice President

  
 Signature Page
7 of 8 to 
 Credit and Security Agreement 

							
	Address:	  	JP Morgan Chase Bank, N.A.	 	JPMORGAN CHASE BANK, N.A.
		  	12 Corporate Woods Blvd. Fl 4	 		 	
		  	Albany, NY 12211	 		 	
		  	Attention: Katherine Vermilyea	 	By:	 	 /s/ Scott A. McNamara

		  		 	Name: Scott A. McNamara
		  		 	Title: Vice President

  
 Signature Page
8 of 8 to 
 Credit and Security Agreement 

 SCHEDULE 1 
 COMMITMENTS OF LENDERS 
  

													
	 LENDERS
	  	COMMITMENT
PERCENTAGE	 	 	REVOLVING
CREDIT
COMMITMENT
AMOUNT	 	  	MAXIMUM
AMOUNT	 
	 KeyBank National Association
	  	 	18.00	% 	 	$	45,000,000	  	  	$	45,000,000	  
	 Wells Fargo Bank, National Association
	  	 	18.00	% 	 	$	45,000,000	  	  	$	45,000,000	  
	 Bank of America, N.A.
	  	 	18.00	% 	 	$	45,000,000	  	  	$	45,000,000	  
	 Silicon Valley Bank
	  	 	14.00	% 	 	$	35,000,000	  	  	$	35,000,000	  
	 Comerica Bank
	  	 	14.00	% 	 	$	35,000,000	  	  	$	35,000,000	  
	 Sovereign Bank
	  	 	10.00	% 	 	$	25,000,000	  	  	$	25,000,000	  
	 JPMorgan Chase Bank, N.A.
	  	 	8.00	% 	 	$	20,000,000	  	  	$	20,000,000	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Total Commitment Amount
	  	 	100	% 	 	$	250,000,000	  	  	$	250,000,000	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

  
 S-1

 SCHEDULE 2 
 GUARANTORS OF PAYMENT 
 NetScout Systems Security Corporation, a Massachusetts corporation

 NetScout Service Level Corporation, a Delaware corporation 
 Network General Central Corporation, a Delaware corporation 
 Fidelia Technology, Inc., a Delaware
corporation 
 Network General International Corporation, a Delaware corporation 
 Starburst Technology Holdings I, L.L.C., a Delaware limited liability company 
 Starburst
Technology Holdings II, L.L.C., a Delaware limited liability company 
 Simena, LLC, a Virginia limited liability company 

  
 S-2

 EXHIBIT A 
 FORM OF 
 REVOLVING CREDIT NOTE 

 

			
	$            	 	November 22, 2011

 FOR VALUE RECEIVED, the undersigned, NETSCOUT SYSTEMS, INC., a Delaware corporation (the
“Borrower”), promises to pay, on the last day of the Commitment Period, as defined in the Credit Agreement (as hereinafter defined), to the order of
                     (“Lender”) at the main office of KEYBANK NATIONAL ASSOCIATION, as the Administrative Agent, as hereinafter defined,
127 Public Square, Cleveland, Ohio 44114-1306 the principal sum of 

[                         
                AND 00/100]                  DOLLARS 

or the aggregate unpaid principal amount of all Revolving Loans, as defined in the Credit Agreement, made by Lender to the Borrower pursuant to
Section 2.2(a) of the Credit Agreement, whichever is less, in lawful money of the United States of America. 
 As used
herein, “Credit Agreement” means the Credit and Security Agreement dated as of November 22, 2011, among the Borrower, the Lenders, as defined therein, KeyBank National Association, as joint lead arranger, sole book runner and
administrative agent for the Lenders (the “Administrative Agent”), Wells Fargo Bank, National Association, as joint lead arranger and co-syndication agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead
arranger, Bank of America, N.A., as co-syndication agent, and Silicon Valley Bank and Comerica Bank, each as co-documentation agents, as the same may from time to time be amended, restated or otherwise modified. Each capitalized term used herein
that is defined in the Credit Agreement and not otherwise defined herein shall have the meaning ascribed to it in the Credit Agreement. 
 The Borrower also promises to pay interest on the unpaid principal amount of each Revolving Loan from time to time outstanding, from the date of such Revolving Loan until the payment in full thereof, at
the rates per annum that shall be determined in accordance with the provisions of Section 2.3(a) of the Credit Agreement. Such interest shall be payable on each date provided for in such Section 2.3(a); provided that interest on any
principal portion that is not paid when due shall be payable on demand. 
 The portions of the principal sum hereof from time to
time representing Base Rate Loans and Eurodollar Loans, interest owing thereon and payments of principal and interest of any thereof, shall be shown on the records of Lender by such method as Lender may generally employ; provided that failure to
make any such entry shall in no way detract from the obligations of the Borrower under this Note. 
 If this Note shall not be
paid at maturity, whether such maturity occurs by reason of lapse of time or by operation of any provision for acceleration of maturity contained in the Credit Agreement, the principal hereof and the unpaid interest thereon shall bear interest,
pursuant to the terms of the Credit Agreement, until paid, at a rate per annum equal to the Default Rate. All payments of principal of and interest on this Note shall be made in immediately available funds. 

  
 A-1

 This Note is one of the Revolving Credit Notes referred to in the Credit Agreement and is
entitled to the benefits thereof. Reference is made to the Credit Agreement for a description of the right of the undersigned to anticipate payments hereof, the right of the holder hereof to declare this Note due prior to its stated maturity, and
other terms and conditions upon which this Note is issued. 
 Except as expressly provided in the Credit Agreement, the Borrower
expressly waives presentment, demand, protest and notice of any kind. This Note shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of laws provisions. 

JURY TRIAL WAIVER. THE BORROWER, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING
ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN
CONNECTION WITH THIS NOTE OR ANY OTHER NOTE OR INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 

 

			
	NETSCOUT SYSTEMS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 A-2

 EXHIBIT B 
 FORM OF 
 SWING LINE NOTE 

 

			
	$10,000,000	  	November 22, 2011

 FOR VALUE RECEIVED, the undersigned, NETSCOUT SYSTEMS, INC., a Delaware corporation (the
“Borrower”), promises to pay to the order of KEYBANK NATIONAL ASSOCIATION (“Swing Line Lender”) at the main office of KEYBANK NATIONAL ASSOCIATION, as the Administrative Agent, as hereinafter defined, 127 Public Square,
Cleveland, Ohio 44114-1306 the principal sum of 
 TEN MILLION AND 00/100
                 DOLLARS 
 or the aggregate unpaid principal
amount of all Swing Loans, as defined in the Credit Agreement (as hereinafter defined), made by the Swing Line Lender to the Borrower pursuant to Section 2.2(c) of the Credit Agreement, whichever is less, in lawful money of the United States of
America on the earlier of the last day of the Commitment Period, as defined in the Credit Agreement, or, with respect to each Swing Loan, the Swing Loan Maturity Date applicable thereto. 

As used herein, “Credit Agreement” means the Credit and Security Agreement dated as of November 22, 2011, among the
Borrower, the Lenders, as defined therein, KeyBank National Association, as joint lead arranger, sole book runner and administrative agent for the Lenders (the “Administrative Agent”), Wells Fargo Bank, National Association, as joint lead
arranger and co-syndication agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arranger, Bank of America, N.A., as co-syndication agent, and Silicon Valley Bank and Comerica Bank, each as co-documentation agents, as
the same may from time to time be amended, restated or otherwise modified. Each capitalized term used herein that is defined in the Credit Agreement and not otherwise defined herein shall have the meaning ascribed to it in the Credit Agreement.

 The Borrower also promises to pay interest on the unpaid principal amount of each Swing Loan from time to time outstanding,
from the date of such Swing Loan until the payment in full thereof, at the rates per annum that shall be determined in accordance with the provisions of Section 2.3(b) of the Credit Agreement. Such interest shall be payable on each date
provided for in such Section 2.3(b); provided that interest on any principal portion that is not paid when due shall be payable on demand. 
 The principal sum hereof from time to time, and the payments of principal and interest thereon, shall be shown on the records of Swing Line Lender by such method as Swing Line Lender may generally employ;
provided that failure to make any such entry shall in no way detract from the obligation of the Borrower under this Note. 
 If
this Note shall not be paid at maturity, whether such maturity occurs by reason of lapse of time or by operation of any provision for acceleration of maturity contained in the Credit 

  
 B-1

 
Agreement, the principal hereof and the unpaid interest thereon shall bear interest, pursuant to the terms of the Credit Agreement, until paid, at a rate per annum equal to the Default Rate. All
payments of principal of and interest on this Note shall be made in immediately available funds. 
 This Note is the Swing Line
Note referred to in the Credit Agreement and is entitled to the benefits thereof. Reference is made to the Credit Agreement for a description of the right of the undersigned to anticipate payments hereof, the right of the holder hereof to declare
this Note due prior to its stated maturity, and other terms and conditions upon which this Note is issued. 
 Except as
expressly provided in the Credit Agreement, the Borrower expressly waives presentment, demand, protest and notice of any kind. This Note shall be governed by and construed in accordance with the laws of the State of New York, without regard to
conflicts of laws provisions. 
 JURY TRIAL WAIVER. THE BORROWER, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT
TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS NOTE OR ANY OTHER NOTE OR INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 

 

			
	NETSCOUT SYSTEMS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 B-2

 EXHIBIT E 
 FORM OF 
 ASSIGNMENT AND ACCEPTANCE AGREEMENT 

This Assignment and Acceptance Agreement (this “Assignment Agreement”) between
            (the “Assignor”) and
                                         (the
“Assignee”) is dated as of             , 20    . The parties hereto agree as follows: 
 1. Preliminary Statement. Assignor is a party to a Credit and Security Agreement, dated as of November 22, 2011 (as the same may from time to time be amended, restated or otherwise modified,
the “Credit Agreement”), among NETSCOUT SYSTEMS, INC., a Delaware corporation (the “Borrower”), the lenders named on Schedule 1 thereto (together with their respective successors and assigns, collectively, the
“Lenders” and, individually, each a “Lender”), KEYBANK NATIONAL ASSOCIATION, as joint lead arranger, sole book runner and administrative agent for the Lenders (the “Administrative Agent”), WELLS FARGO BANK, NATIONAL
ASSOCIATION, as joint lead arranger and co-syndication agent, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as joint lead arranger, BANK OF AMERICA, N.A., as co-syndication agent, and SILICON VALLEY BANK and COMERICA BANK, each as
co-documentation agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings attributed to them in the Credit Agreement. 
 2. Assignment and Assumption. Assignor hereby sells and assigns to Assignee, and Assignee hereby purchases and assumes from Assignor, an interest in and to Assignor’s rights and obligations
under the Credit Agreement, effective as of the Assignment Effective Date (as hereinafter defined), equal to the percentage interest specified on Annex 1 hereto (hereinafter, the “Assigned Percentage”) of Assignor’s right,
title and interest in and to (a) the Commitment, (b) any Loan made by Assignor that is outstanding on the Assignment Effective Date, (c) Assignor’s interest in any Letter of Credit outstanding on the Assignment Effective Date,
(d) any Note delivered to Assignor pursuant to the Credit Agreement, and (e) the Credit Agreement and the other Related Writings. After giving effect to such sale and assignment and on and after the Assignment Effective Date, Assignee
shall be deemed to have a “Commitment Percentage” under the Credit Agreement equal to the Commitment Percentage set forth in subpart II.A on Annex 1 hereto and an Assigned Amount as set forth on subpart I.B of Annex 1 hereto
(hereinafter, the “Assigned Amount”). 
 3. Assignment Effective Date. The Assignment Effective Date (the
“Assignment Effective Date”) shall be [                 ,         ] (or such other date agreed to by the Administrative
Agent). On or prior to the Assignment Effective Date, Assignor shall satisfy the following conditions: 
 (a) receipt by the
Administrative Agent of this Assignment Agreement, including Annex 1 hereto, properly executed by Assignor and Assignee and accepted and consented to by the Administrative Agent and, if necessary pursuant to the provisions of
Section 11.10(b) of the Credit Agreement, by the Borrower; 

  
 E-1

 (b) receipt by the Administrative Agent from Assignor of a fee of Three Thousand Five
Hundred Dollars ($3,500), if required by Section 11.10(d) of the Credit Agreement; 
 (c) receipt by the Administrative
Agent from Assignee of an administrative questionnaire, or other similar document, which shall include (i) the address for notices under the Credit Agreement, (ii) the address of its Lending Office, (iii) wire transfer instructions
for delivery of funds by the Administrative Agent, and (iv) such other information as the Administrative Agent shall request; and 
 (d) receipt by the Administrative Agent from Assignor or Assignee of any other information required pursuant to Section 11.10 of the Credit Agreement or otherwise necessary to complete the
transaction contemplated hereby. 
 4. Payment Obligations. In consideration for the sale and assignment of Loans
hereunder, Assignee shall pay to Assignor, on the Assignment Effective Date, the amount agreed to by Assignee and Assignor. Any interest, fees and other payments accrued prior to the Assignment Effective Date with respect to the Assigned Amount
shall be for the account of Assignor. Any interest, fees and other payments accrued on and after the Assignment Effective Date with respect to the Assigned Amount shall be for the account of Assignee. Each of Assignor and Assignee agrees that it
will hold in trust for the other party any interest, fees or other amounts which it may receive to which the other party is entitled pursuant to the preceding sentence and to pay the other party any such amounts which it may receive promptly upon
receipt thereof. 
 5. Credit Determination; Limitations on Assignor’s Liability. Assignee represents and warrants
to Assignor, the Borrower, the Administrative Agent and the Lenders (a) that it is capable of making and has made and shall continue to make its own credit determinations and analysis based upon such information as Assignee deemed sufficient to
enter into the transaction contemplated hereby and not based on any statements or representations by Assignor; (b) Assignee confirms that it meets the requirements to be an assignee as set forth in Section 11.10 of the Credit Agreement;
(c) Assignee confirms that it is able to fund the Loans and the Letters of Credit as required by the Credit Agreement; (d) Assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of the
Credit Agreement and the Related Writings are required to be performed by it as a Lender thereunder; and (e) Assignee represents that it has reviewed each of the Loan Documents. It is understood and agreed that the assignment and assumption
hereunder are made without recourse to Assignor and that Assignor makes no representation or warranty of any kind to Assignee and shall not be responsible for (i) the due execution, legality, validity, enforceability, genuineness, sufficiency
or collectability of the Credit Agreement or any Related Writings, (ii) any representation, warranty or statement made in or in connection with the Credit Agreement or any of the Related Writings, (iii) the financial condition or
creditworthiness of the Borrower or any Guarantor of Payment, (iv) the performance of or compliance with any of the terms or provisions of the Credit Agreement or any of the Related Writings, (v) the inspection of any of the property,
books or records of the Borrower, or (vi) the validity, enforceability, perfection, priority, condition, value or sufficiency of any collateral securing or purporting to secure the Loans or Letters of Credit. Neither Assignor nor any of its
officers, directors, employees, agents or attorneys shall be liable 

  
 E-2

 
for any mistake, error of judgment, or action taken or omitted to be taken in connection with the Loans, the Letters of Credit, the Credit Agreement or the Related Writings, except for its or
their own gross negligence or willful misconduct. Assignee appoints the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Administrative Agent by the terms
thereof. 
 6. Indemnity. Assignee agrees to indemnify and hold Assignor harmless against any and all losses, cost and
expenses (including, without limitation, attorneys’ fees) and liabilities incurred by Assignor in connection with or arising in any manner from Assignee’s performance or non-performance of obligations assumed under this Assignment
Agreement. 
 7. Subsequent Assignments. After the Assignment Effective Date, Assignee shall have the right, pursuant to
Section 11.10 of the Credit Agreement, to assign the rights which are assigned to Assignee hereunder, provided that (a) any such subsequent assignment does not violate any of the terms and conditions of the Credit Agreement, any of the
Related Writings, or any law, rule, regulation, order, writ, judgment, injunction or decree and that any consent required under the terms of the Credit Agreement or any of the Related Writings has been obtained, (b) the assignee under such
assignment from Assignee shall agree to assume all of Assignee’s obligations hereunder in a manner satisfactory to Assignor, and (c) Assignee is not thereby released from any of its obligations to Assignor hereunder. 

8. Reductions of Aggregate Amount of Commitments. If any reduction in the Total Commitment Amount occurs between the date of this
Assignment Agreement and the Assignment Effective Date, the percentage of the Total Commitment Amount assigned to Assignee shall remain the percentage specified in Section 1 hereof and the dollar amount of the Commitment of Assignee shall be
recalculated based on the reduced Total Commitment Amount. 
 9. Acceptance of the Administrative Agent; Notice by
Assignor. This Assignment Agreement is conditioned upon the acceptance and consent of the Administrative Agent and, if necessary pursuant to Section 11.10 of the Credit Agreement, upon the acceptance and consent of the Borrower; provided
that the execution of this Assignment Agreement by the Administrative Agent and, if necessary, by the Borrower is evidence of such acceptance and consent. 
 10. Entire Agreement. This Assignment Agreement embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings between the parties
hereto relating to the subject matter hereof. 
 11. Governing Law. This Assignment Agreement shall be governed by the
laws of the State of New York, without regard to conflicts of laws. 

  
 E-3

 12. Notices. Notices shall be given under this Assignment Agreement in the manner set
forth in the Credit Agreement. For the purpose hereof, the addresses of the parties hereto (until notice of a change is delivered) shall be the address set forth under each party’s name on the signature pages hereof. 

13. Counterparts. This Assignment Agreement may be executed in any number of counterparts, by different parties hereto in separate
counterparts and by facsimile signature, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 

[Remainder of page intentionally left blank.] 

  
 E-4

 14. JURY TRIAL WAIVER. EACH OF THE UNDERSIGNED, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY
RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, AMONG THE ADMINISTRATIVE AGENT, ANY OF THE LENDERS, AND THE BORROWER, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR
INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS INSTRUMENT OR ANY NOTE OR OTHER AGREEMENT, INSTRUMENT OR DOCUMENT EXECUTED OR DELIVERED IN CONNECTION THEREWITH OR THE TRANSACTIONS RELATED HERETO. 

IN WITNESS WHEREOF, the parties hereto have executed this Assignment Agreement by their duly authorized officers as of the date first
above written. 
  

											
		 		 		 		 	ASSIGNOR:
				
	Address:	 	  
	 		 	  

		 	  
	 		 		 	
		 	Attn:	 	  
	 		 	By:	 	  

		 	Phone:	 	  
	 		 	Name:	 	  

		 	Fax:	 	  
	 		 	Title:	 	  

					
		 		 		 		 	ASSIGNEE:
	Address:	 	  
	 		 	  

		 	  
	 		 		 	
		 	Attn:	 	  
	 		 	By:	 	  

		 	Phone:	 	  
	 		 	Name:	 	  

		 	Fax:	 	  
	 		 	Title:	 	  

			
	Accepted and Consented to this      day of             ,
20    :	 		 	Accepted and Consented to this      day of             ,
20    :
			
	 KEYBANK NATIONAL ASSOCIATION,
as the Administrative Agent
	 		 	 NETSCOUT SYSTEMS, INC.

					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

  
 E-5

 ANNEX 1 
 TO 
 ASSIGNMENT AND ACCEPTANCE AGREEMENT 

On and after the Assignment Effective Date, after giving effect to all other assignments being made by Assignor on the Assignment
Effective Date, the Commitment of Assignee, and, if this is less than an assignment of all of Assignor’s interest, Assignor, shall be as follows: 
  

											
	 I.
	  	INTEREST BEING ASSIGNED TO ASSIGNEE	 		  			
					
		  	A.	  	Assigned Percentage	 		  	 	                    	% 
					
		  	B.	  	Assigned Amount	 	$	  			
				
	 II.
	  	ASSIGNEE’S COMMITMENT (as of the Assignment Effective Date)	 		  			
					
		  	A.	  	Assignee’s Commitment Percentage under the Credit Agreement	 		  	 	                    	% 
					
		  	B.	  	Assignee’s Commitment Amount under the Credit Agreement	 	$	  			
				
	 III.
	  	ASSIGNOR’S COMMITMENT (as of the Assignment Effective Date)	 		  			
					
		  	A.	  	Assignor’s Commitment Percentage under the Credit Agreement	 		  	 	                    	% 
					
		  	B.	  	Assignor’s Commitment Amount under the Credit Agreement	 	$	  			

  
 E-6

 THE FOLLOWING SCHEDULES AND EXHIBITS TO THE CREDIT AGREEMENT HAVE BEEN OMITTED IN ACCORDANCE WITH
ITEM 601(B)(2) OF REGULATION S-K. 
 Schedules 
  

			
	Schedule 3	  	Pledged Securities
	Schedule 5.8	  	Indebtedness
	Schedule 5.9	  	Liens
	Schedule 5.11	  	Permitted Foreign Subsidiary Loans and Investments
	Schedule 6.1	  	Corporate Existence; Subsidiaries; Foreign Qualification
	Schedule 6.4	  	Litigation and Administrative Proceedings
	Schedule 6.5	  	Real Estate Owned by the Companies
	Schedule 6.9	  	Locations
	Schedule 6.10	  	Employee Benefits Plans
	Schedule 6.15	  	Material Agreements
	Schedule 6.16	  	Intellectual Property
	Schedule 6.17	  	Insurance
	Schedule 7.4	  	Pledged Notes
	Schedule 7.5	  	Commercial Tort Claims

 Exhibits 

Exhibit C Form of Notice of Loan 
 Exhibit D Form
of Compliance Certificate 
 NetScout Systems, Inc. will furnish supplementally a copy of any omitted schedule or exhibit to the Securities and
Exchange Commission upon request, provided however that NetScout Systems, Inc. may request confidential treatment pursuant to Rule 24b-2 of the Securities and Exchange Act of 1934, as amended for any schedule so furnished.

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