Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

AMENDMENT NO. 2 TO CREDIT AGREEMENT 

This AMENDMENT NO. 2 TO CREDIT AGREEMENT, dated as of December 16, 2021 (together with all exhibits and schedules hereto, this
“Amendment”), is entered into by and among APi Group DE, Inc., a Delaware corporation (the “Borrower”), APi Group Corporation, a Delaware corporation (“Holdings”), certain
subsidiaries of the Borrower party hereto, Citibank, N.A., as collateral agent and administrative agent (in such respective capacities, the “Collateral Agent” and the “Administrative Agent”;
collectively, the “Agent”), the Lenders and L/C Issuers party hereto. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Amended Credit Agreement (as defined below). 

RECITALS 
 A. Pursuant to
that certain Credit Agreement, dated as of October 1, 2019, by and among Holdings, the Borrower, the Agent, the lending institutions parties thereto and the other agents and entities party thereto (as amended by that certain Amendment
No. 1 to Credit Agreement, dated as of October 22, 2020, the “Credit Agreement”), the Lenders have extended, and have agreed to extend, credit to the Borrower, including the Initial Term Loans, the 2020 Incremental
Term Loans, the Initial Revolving Credit Loans and the Initial Revolving Credit Commitments. 
 B. Pursuant to the Credit Agreement, the
Borrowers may obtain Incremental Term Loans and Incremental Revolving Credit Facilities and make certain amendments to the Credit Agreement related thereto by, among other things, entering into an Incremental Amendment in accordance with the terms
and conditions of the Credit Agreement. 
 C. On the Effective Date (as defined below), each party to this Amendment designated as a
“2021 Incremental Term Loan Lender” on such party’s signature page hereto (each, a “2021 Incremental Term Loan Lender” and, collectively, the “2021 Incremental Term Loan
Lenders”) severally agrees to provide new term loan commitments as a new tranche of term loans denominated in Dollars in an amount equal to its “2021 Incremental Term Loan Commitment” set forth on Exhibit C attached
hereto, which shall be in the aggregate principal amount equal to $1,100,000,000 (collectively, the “2021 Incremental Term Commitments”, and the Loans thereunder, the “2021 Incremental Term Loans”)
under and in accordance with Section 2.14 of the Credit Agreement. The making of any 2021 Incremental Term Loans pursuant to the 2021 Incremental Term Commitments shall be subject to the occurrence of the Funding Date. 

D. On the Funding Date (as defined below), the Borrower shall borrow the 2021 Incremental Term Loans from the 2021 Incremental Term Loan
Lenders, and each 2021 Incremental Term Loan Lender severally agrees to fund such 2021 Incremental Term Loans in an amount equal to its 2021 Incremental Term Commitments. 

E. On the Effective Date, the Initial Revolving Credit Commitments shall be increased by an aggregate principal amount of $200,000,000 under
and in accordance with Section 2.14 of the Credit Agreement (collectively, the “2021 Revolving Credit Commitment Increase” and together with the 2021 Incremental Term Loans, the “2021
Facilities”) such that, on the Effective Date, the aggregate principal amount of the Initial Revolving Credit Commitments shall be $500,000,000 (such amount after the 2021 Revolving Credit Commitment Increase, the “Revolving
Credit Commitments”), which shall be provided by the parties to this Amendment designated as a “2021 Revolving Credit Lender” on each such party’s signature page hereto (which includes each Revolving Credit Lender party
to the Credit Agreement) (each, a “2021 Revolving Credit Lender” and, collectively, the “2021 Revolving Credit Lenders”). Subject to Section 1(b),
each 2021 Revolving Credit Lender severally agrees to provide a portion of the Initial Revolving Credit Commitments equal to its “Upsized Revolving Credit Commitment” set forth on Exhibit C attached hereto. The making of Revolving
Credit Loans pursuant to the portion of the Initial Revolving Credit Commitments constituting the 2021 Revolving Credit Commitment Increase shall be subject to the occurrence of the Funding Date. 

 F. On the Funding Date, the Letter of Credit Sublimit shall be increased by an aggregate
principal amount of $100,000,000 (the “LC Increase”) such that, on the Funding Date, the aggregate principal amount of the Letter of Credit Sublimit under the Amended Credit Agreement shall be $250,000,000. Each 2021
Revolving Credit Lender severally agrees to provide a portion of the Letter of Credit Sublimit equal to its “Letter of Credit Commitments” set forth on Exhibit C attached hereto. 

G. On the Effective Date, the Initial Revolving Credit Maturity Date shall be extended to the date that is five (5) years after the
Funding Date (subject to a springing maturity (x) of no later than 91 days prior to the Initial Term Loan Maturity Date and (y) in the event the Funding Date shall not occur, October 1, 2024) (the “Revolving
Facility Extension”) and, subject to the terms and conditions set forth herein, each 2021 Revolving Credit Lender agrees to such Revolving Facility Extension. 

H. The proceeds of the 2021 Incremental Term Loans, together with proceeds from a preferred stock offering (the “PIPE
Offering”, and the securities purchase agreements in connection therewith, the “PIPE Purchase Agreements”), the issuance of certain debt securities and cash on the balance sheet of Holdings, will be used to
(a) finance the acquisition (the “Acquisition”) by Holdings of all of the capital stock of Chubb Limited (the “Target” and together with its subsidiaries, the “Acquired
Business”) pursuant to that certain Stock Purchase Agreement, dated July 26, 2021, among Holdings, Carrier Global Corporation, the Target and Carrier Investments UK Limited (as amended, supplemented, modified or waived from time to
time, and together with the exhibits, schedules and annexes thereto, the “Acquisition Agreement”), (b) refinance all existing third party indebtedness for borrowed money of the Acquired Business (other than the following
third party indebtedness for borrowed money: (i) capitalized lease obligations and equipment and vehicle leases and (ii) purchase money indebtedness (iii) any other indebtedness permitted to be assumed under the Acquisition Agreement)
(together with the termination of guaranties and release of security interests provided in connection therewith, the “Refinancing”) and (c) to pay fees, costs and expenses in connection with the Acquisition and the
Refinancing. The transactions described in paragraphs C through G above, together with the payment of the fees, costs and expenses in connection therewith, are collectively referred to as the “Transactions”. 

I. Section 11.01 of the Credit Agreement permits the Administrative Agent (with the consent of the Required Lenders) to enter into certain
waivers, amendments, supplements or modifications, and (with the consent of each affected Lender) to enter into certain other waivers, amendments, supplements or modifications, in each case to the Credit Agreement and the other Loan Documents with
the relevant Loan Parties. The 2021 Revolving Credit Lenders and the 2021 Incremental Term Lender have consented to certain amendments to the Credit Agreement and the other Loan Documents as set forth herein, which in each case shall be deemed to be
effective immediately following the extension of the 2021 Incremental Term Loans and the establishment of the 2021 Revolving Credit Commitment Increase. 

J. The Borrower, the other Loan Parties party hereto, the Agent, the Lenders party hereto consisting of at least the Required Lenders and all
Revolving Credit Lenders under the Credit Agreement have agreed to amend the Credit Agreement as set forth herein (the Credit Agreement as amended by this Amendment, the “Amended Credit Agreement”) as provided in
Section 2 hereof on the Funding Date. 
 K. Each of the Borrower and the Loan Parties party hereto (each, a
“Reaffirming Party” and, collectively, the “Reaffirming Parties”) expects to realize substantial direct and indirect benefits as a result of this Amendment (including the agreements set forth in
Section 2 hereof becoming effective and the consummation of the transactions contemplated thereby) and desires to reaffirm its obligations pursuant to the Collateral Documents to which it is a party. 

  
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 NOW THEREFORE, in consideration of the promises and covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

SECTION 1. Incremental Facilities and LC Increase. 

(a) Pursuant to and in accordance with Section 2.14 of the Credit Agreement, on the Effective Date,
each 2021 Incremental Term Loan Lender severally agrees to provide 2021 Incremental Term Loan Commitments in an amount equal to its “2021 Incremental Term Loan Commitment” set forth on Exhibit C attached hereto. The 2021 Incremental
Term Commitments shall be subject to the provisions of the Amended Credit Agreement and will not be available for drawing until, and shall be subject to, the occurrence of the Funding Date. If the total 2021 Incremental Term Loan Commitment as of
the Funding Date is not drawn on the Funding Date, the undrawn amount shall automatically be cancelled. 
 (b) Pursuant to
and in accordance with Section 2.14 of the Credit Agreement, each 2021 Revolving Credit Lender severally agrees to establish, on the Effective Date, additional commitments under the Initial Revolving Credit Facility such
that its total Initial Revolving Credit Commitment shall be its “Upsized Revolving Credit Commitment” set forth on Exhibit C attached hereto. The 2021 Revolving Credit Commitment Increases shall be subject to the provisions of the
Amended Credit Agreement and will not be available for drawing until, and any such drawing shall be subject to, the occurrence of the Funding Date. Prior to the Funding Date, the 2021 Revolving Credit Commitment Increase shall be disregarded for the
purposes of calculating the Commitment Fee, and no other fees or expenses shall accrue and/or be incurred with respect to the 2021 Revolving Credit Commitment Increase prior to the Funding Date. If the Funding Date shall not have occurred at such
time, on the Termination Date, the 2021 Revolving Credit Commitment Increase shall terminate and the Initial Revolving Credit Commitments of each 2021 Revolving Credit Lender shall revert to the “Existing Revolving Credit Commitment” of
such 2021 Revolving Credit Lender as set forth on Exhibit C attached hereto (subject to any intervening increase or decrease in such 2021 Revolving Credit Lender’s Revolving Credit Commitment pursuant to the terms of the Credit
Agreement) and any 2021 Revolving Credit Lender whose “Existing Revolving Credit Commitment” is zero shall be deemed not to be a Revolving Credit Lender. 

(c) Each L/C Issuer severally agrees to increase, on the Funding Date, its Pro Rata Share of the Letter of Credit Commitments
such that its total Letter of Credit Commitment shall be its “Letter of Credit Commitment” set forth on Exhibit C attached hereto. The LC Increase shall be subject to the provisions of the Amended Credit Agreement and will not be
available for purposes of issuing Letters of Credit until the occurrence of the Funding Date. 
 (d) The commitments
established and the obligations undertaken pursuant to this Section 1 shall supersede and shall not be duplicative of the commitments of the 2021 Incremental Term Loan Lenders, the 2021 Revolving Credit Lenders and the L/C Issuers under that
certain Amended and Restated Commitment Letter, dated as of August 16, 2021 (the “Commitment Letter”), by and among APi, Citi and Barclays (as each such term is defined therein), as amended by (i) that certain
Joinder Agreement to Commitment Letter and Fee Letter, dated as of August 18, 2021, by and among APi, Citi, Barclays and Blackstone (as each such term is defined therein), (ii) that certain Joinder Agreement to Commitment Letter and Fee Letter,
dated as of August 18, 2021, by and among APi, Citi, Barclays and JPM (as each such term is defined therein), (iii) that certain 

  
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Joinder Agreement to Commitment Letter and Fee Letter, dated as of August 18, 2021, by and among APi, Citi, Barclays and RBC (as each such term is defined therein), (iv) that certain Joinder
Agreement to Commitment Letter and Fee Letter, dated as of August 18, 2021, by and among APi, Citi, Barclays and UBS (as each such term is defined therein) and (v) that certain Joinder Agreement to Commitment Letter and Fee Letter, dated
as of August 18, 2021, by and among APi, Citi, Barclays and US Bank (as each such term is defined therein); provided that the obligations of the Borrower pursuant to the Fee Letter (as defined in the Commitment Letter) shall remain in
effect. For the avoidance of doubt, there shall be no conditions to the occurrence of the Funding Date other than those set forth in Section 4(b) hereof. 

(e) The 2021 Incremental Term Commitments and the obligation of the L/C Issuers to provide the LC Increase shall, in each case,
remain in effect, subject to the conditions set forth herein, until the earliest to occur of (such earliest date, the “Termination Date”), if the Funding Date shall not have occurred by such time, (i) 5:00 p.m., New York City
time, on the “Outside Date” (as defined in the Acquisition Agreement as in effect on July 26, 2021) (i.e. July 26, 2022)), unless extended pursuant to Section 9.1(b)(i) of the Acquisition Agreement (as in effect on
July 26, 2021) (the “Acquisition Outside Date”), but in no event shall the Acquisition Outside Date be later than October 24, 2022, (ii) any time after the execution of the Acquisition Agreement and prior to the
consummation of the Transactions, the date of the termination of the Acquisition Agreement (other than with respect to ongoing indemnities, confidentiality provisions and similar provisions), (iii) the consummation of the Acquisition without funding
of the 2021 Facilities and (iv) written notice by Holdings to terminate this Amendment. 
 SECTION 2. Funding of Loans; Amendments
to the Credit Agreement. 
 (a) On and after the Effective Date, until the earlier of the Funding Date or the Termination
Date, the Credit Agreement shall be amended as set forth below in accordance with the provisions of Section 2.14 of the Credit Agreement; provided that for the avoidance of doubt if the Funding Date shall not have
occurred at such time, on the Termination Date the amendments set forth below shall cease to be in force and effect and the Credit Agreement shall revert to the provisions set forth therein as of the date hereof (immediately prior to giving effect
to this Amendment): 
 (i) the definition of “Initial Revolving Maturity Date shall be amended and restated as follows:

 “Initial Revolving Credit Maturity Date” means, with respect to any Initial Revolving Credit Loan,
the earliest of 
 (i) the fifth anniversary of the 2021 Incremental Amendment Funding Date, 

(ii) the date that is 91 days prior to the Initial Term Loan Maturity Date if any portion of the Initial Term Loan is
outstanding on such date, and 
 (iii) the date of termination in whole of the Initial Revolving Credit Commitments and the
Letter of Credit Commitments pursuant to Section 2.06 or 9.02. 

  
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 (ii) the definition of “Lenders” shall be amended and restated as
follows: 
 “Lender” has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes the L/C Issuers (and shall include the 2020 Incremental Term Loan Lenders, the 2021 Incremental Term Loan Lenders and the 2021 Revolving Credit Lenders). 

(iii) the definition of “Required Lenders” shall be amended and restated as follows: 

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the sum of
(a) the Term Loans, (b) the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such Lender for purposes of this definition),
(c) the aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of
making a determination of Required Lenders and (d) the aggregate unused 2021 Incremental Term Loan Commitments. 
 (iv)
the following definitions shall be added to Section 1.01 of the Credit Agreement in the appropriate alphabetical locations: 

“2021 Incremental Amendment” means that certain Amendment No. 2 to Credit Agreement, dated as of
December 16, 2021 by and among Holdings, the Borrower, the Guarantors party thereto, the 2021 Incremental Term Loan Lenders, Revolving Credit Lenders and L/C Issuers party thereto and Citibank, N.A. 

“2021 Incremental Amendment Funding Date” shall mean the Funding Date (as defined in the 2021
Incremental Amendment). 
 “2021 Incremental Term Loan Commitment” means, as to each 2021 Incremental
Term Loan Lender, its obligation to make 2021 Incremental Term Loans to the Borrower (i) pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the
amount set forth opposite such 2021 Incremental Term Loan Lender’s name on Schedule 2.01 under the caption “2021 Incremental Term Loan Commitments” and (ii) in the Assignment and Assumption pursuant to which such
2021 Incremental Term Loan Lender becomes a party hereto, in each case, as such amount may be adjusted from time to time in accordance with this Agreement. 

“2021 Incremental Term Loan Lenders” shall have the meaning assigned to such term in the 2021
Incremental Amendment and shall include each Lender that holds any 2021 Incremental Term Loans through an Assignment and Assumption. 

“2021 Incremental Term Loans” shall have the meaning assigned to such term in the 2021 Incremental
Amendment. 

  
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 “2021 Revolving Credit Lenders” shall have the
meaning assigned to such term in the 2021 Incremental Amendment and shall include each Lender that holds any Revolving Credit Loans through an Assignment and Assumption. 

(b) On the Funding Date: 

(i) the Borrower shall borrow the 2021 Incremental Term Loans from the 2021 Incremental Term Loan Lenders, and each 2021
Incremental Term Loan Lender severally agrees to make such 2021 Incremental Term Loans in an amount equal to its 2021 Incremental Term Commitments, 

(ii) the 2021 Revolving Credit Commitment Increases shall be available for drawing and shall be considered for the purposes of
calculating the Commitment Fee (and any other applicable other fees or expenses), in each case subject to the terms of the Amended Credit Agreement, 

(iii) the LC Increase shall become effective and shall be available for issuance of Letters of Credit, subject to the terms of
the Amended Credit Agreement, and 
 (iv) the existing Schedule 2.01 to the Credit Agreement shall be deemed to be
amended to include the relevant information set forth on Exhibit C attached hereto. 
 (c) Immediately after giving
effect to the incurrence of the 2021 Incremental Term Loans and the establishment of the 2021 Revolving Credit Commitment Increases, the Borrower, the other Loan Parties, the 2021 Incremental Term Loan Lenders, the 2021 Revolving Credit Lenders
party hereto and the Administrative Agent hereby agree that effective as of the Funding Date, 
 (i) the Credit Agreement is
hereby amended in accordance with the provisions of Section 2.14 and Section 11.01 of the Credit Agreement, in the form of the Amended Credit Agreement set forth on Exhibit A hereto
(i) by deleting each term thereof which is reflected in red strike-through font (by way of an example)
and (ii) by inserting each term thereof which is reflected in blue double underlined font (by way of an
example), in each case in the place where such term appears therein, such that, on the Funding Date, the terms and provisions set forth in the Amended Credit Agreement shall replace the terms and
provisions of the Credit Agreement in their entirety; 
 (ii) Schedule 7.12 to the Credit Agreement is hereby
amended in the form attached hereto as Exhibit B (i) by deleting each term thereof which is reflected in red strike-through font (by way of an
example) and (ii) by inserting each term thereof which is reflected in blue double underlined font
(by way of an example), in each case in the place where
such term appears therein, such that, on the Funding Date, the terms and provisions set forth in Exhibit B shall replace the terms and provisions of Schedule 7.12 in their entirety; 

(iii) the notice set forth on Exhibit E hereto shall be deemed to be Exhibit I to the Amended Credit Agreement;
and 
 (iv) that from and after the Effective Date, the Borrower and the Administrative Agent shall be permitted to make
further technical and administrative amendments to the Amended Credit Agreement and the other Loan Documents as the Administrative Agent may reasonably determine are necessary or advisable to facilitate the Transactions or otherwise carry out the
intent hereof or thereof. 

  
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 SECTION 3. Representations and Warranties. The Borrowers and the other Loan Parties
party hereto represent and warrant to the Agent and the Lenders as of the Effective Date and the Borrowers and the other Loan Parties party hereto (other than any Loan Party that ceases to exist as a separate entity pursuant to permitted
intercompany transactions prior to the Funding Date) represent and warrant to the Agent and the Lenders as of the Funding Date that: 

(a) The execution, delivery and performance by each Loan Party of this Amendment and other documents executed in connection
herewith to which such Person is a party, and the consummation of the transactions contemplated herein, are within such Loan Party’s corporate or other powers, have been duly authorized by all necessary corporate or other organizational action,
and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any material Lien under, or require any material
payment to be made under (i) any material Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Restricted Subsidiaries or (ii) any order, injunction, writ or decree
of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law that would adversely affect the rights of the Lenders, the Administrative Agent or the Collateral Agent under the Loan
Documents. 
 (b) This Amendment and each other document executed in connection herewith have been duly executed and
delivered by each Loan Party that is a party hereto and thereto. This Amendment and each other document executed in connection herewith constitute a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is
a party hereto and thereto in accordance with their terms, except to the extent that enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium other similar laws generally affecting creditors’ rights
and by equitable principles (regardless of whether enforcement is sought in equity or at law). 
 (c) (i) Immediately before
and after the Effective Date or Funding Date, as applicable, no Default or Event of Default has occurred and is continuing, and (ii) all representations and warranties of each Borrower and each other Loan Party (other than any Loan Party that
ceases to exist as a separate entity pursuant to permitted intercompany transactions prior to the Funding Date) contained in Article VI of the Credit Agreement or similar provisions in any other Loan Document are true and correct in all
material respects on and as of such dates, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date; provided
that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such
respective dates. 
 (d) Neither the Amended Credit Agreement effected pursuant to this Amendment nor the execution,
delivery, performance or effectiveness of this Amendment: (i) impairs the validity, effectiveness or priority of the Liens granted pursuant to any Loan Document (as defined in the Amended Credit Agreement), and such Liens continue unimpaired
with the same priority to secure repayment of the Obligations (as defined in the Amended Credit Agreement), whether heretofore or hereafter incurred or (ii) requires that any new filings be made or other action taken to perfect or to maintain
the perfection of such Liens (other than any filings in connection with the addition of new Loan Parties and any actions contemplated by Section 7.12 and Section 7.14(b) of the Amended Credit
Agreement). 

  
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 SECTION 4. Conditions Precedent. 

(a) This Amendment shall become a binding agreement of the parties hereto on the date (the “Effective
Date”) on which the Administrative Agent shall have received from (A) the Borrower and each other Loan Party, (B) each 2021 Incremental Term Loan Lender, (C) each 2021 Revolving Credit Lender and (D) the
Administrative Agent, a counterpart of this Amendment signed on behalf of such party. 
 (b) The provisions of Sections 2(b)
and 2(c) hereof shall each become effective on the date (the “Funding Date”) on which each of the following conditions is satisfied or waived: 

(i) The Administrative Agent shall have received a customary closing certificate from a secretary, assistant secretary or
similar officer or foreign representative of the Borrower and each Loan Party that is a party hereto, other than any Loan Party that ceases to exist as a separate entity pursuant to permitted intercompany transactions prior to the Funding Date, in
each case, certifying as to (A) resolutions duly adopted by the board of directors (or equivalent governing body) of the Borrower and each such Loan Party authorizing the execution, delivery and performance of this Amendment (and the Loan
Documents or other documents executed in connection therewith or herewith in each case as amended on the Funding Date), (B) the accuracy and completeness of copies of the certificate or articles of incorporation, association or organization (or
memorandum of association or other equivalent thereof) of each such Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party (to the extent relevant and available in the jurisdiction of organization of
such Loan Party) and copies of the by-laws or operating, management, partnership or similar agreement (to the extent applicable and/or relevant and available in the jurisdiction of organization of such Loan
Party) of each such Loan Party and that such documents or agreements have not been amended (except as otherwise attached to such certificate and certified therein as being the only amendments thereto as of such date) (or, if applicable, a
certification that there has been no change to the organizational documents of such entity previously delivered to the Administrative Agent on October 1, 2019 or October 22, 2020, as the case may be (or, with respect to each Loan Party
joined on any other date, the date that such organizational documents previously delivered to the Administrative Agent on the date of the relevant joinders), and that such organizational documents remain in full force and effect as of the Funding
Date), (C) incumbency (to the extent applicable) and specimen signatures of each officer, director or authorized representative executing any Loan Document on behalf of each such Borrower and each such Loan Party and (D) the good standing (or
subsistence or existence) of each such Borrower and each such Loan Party from the Secretary of State (or similar state, province or foreign official) of the state, province or other jurisdiction of such Loan Party’s organization (to the extent
relevant and available in the jurisdiction of organization of such Loan Party). 
 (ii) The Borrower shall have paid
(A) to the Administrative Agent all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent required in connection with this
Amendment pursuant to Section 11.04 of the Credit Agreement and (B) to the Lead Arrangers (as defined below) all reasonable and documented
out-of-pocket costs, expenses and fees (including any payment of fees separately agreed to in writing by Holdings and each applicable Lead Arranger) that are due on or
before to the Funding Date, including reasonable expenses associated with the arrangement, negotiation and preparation of this Amendment, and the reasonable and documented fees, disbursements and other charges of one firm of counsel,
Latham & Watkins LLP, plus one local counsel in each appropriate jurisdiction. 

  
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 (iii) The Administrative Agent shall have received the executed legal
opinions of (A) Kane Kessler P.C., counsel to the Borrowers, and, to the limited extent New York law is applicable, the other Loan Parties party hereto, as customary for transactions of this type, and (B) local counsel to the other Loan
Parties party hereto, as customary for transactions of this type. 
 (iv) (A) Each 2021 Incremental Term Loan Lender shall
have received, if requested at least five Business Days in advance of the Funding Date, a Term Loan Note, payable to the order of such 2021 Incremental Term Loan Lenders, duly executed by the Borrower and (B) each 2021 Revolving Credit Lender
shall have received, if requested at least five Business Days in advance of the Funding Date, a Revolving Credit Note, payable to the order of the 2021 Revolving Credit Lender, duly executed by the Borrower. 

(v) To the extent requested at least 10 Business Days prior to the Funding Date, the Lenders shall have received (A) all
documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act, and (B) a Beneficial
Ownership Certification in relation to any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, in each case, at least five Business Days prior to the Funding Date. 

(vi) The Administrative Agent shall have received a Request for Credit Extension prior to (A) 12:00 p.m., New York City time,
one Business Day prior to the Funding Date in the case of Base Rate Loans and (B) 12:00 p.m., New York City time, three Business Days prior to the Funding Date in the case of Eurocurrency Rate Loans (in each case, or such shorter period as may be
agreed by the Administrative Agent in its sole discretion) requesting that each 2021 Incremental Term Loan Lender make the 2021 Incremental Term Loans on the Funding Date and specifying the amount to be borrowed. 

(vii) The Administrative Agent shall have received a certificate from a financial officer of Holdings substantially in the form
of Exhibit D attached hereto, to the effect that, immediately before and after giving effect to the 2021 Incremental Term Loans, the 2021 Revolving Credit Commitment Increase and the other transactions contemplated hereby, Holdings and its
Subsidiaries, taken as a whole, are Solvent (as defined in the Amended Credit Agreement). 
 (viii) (A) The Specified
Acquisition Agreement Representations shall be true and correct and (B) the Specified Representations shall be true and correct in all material respects as of the Funding Date (in each case, except to the extent such representations and
warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date) (and in each case, all respects if qualified by “materiality”, “Material Adverse
Effect” or other similar qualifier). As used herein, (x) “Specified Acquisition Agreement Representations” shall mean the representations made with respect to the Acquired Business in the Acquisition Agreement as are
material to the interests of the Lenders, but only to the extent that Holdings has (or Holding’s Affiliate has) the right (taking into account any applicable cure provisions) to terminate Holding’s (or its Affiliate’s) obligations to
consummate the Acquisition (or to decline to consummate the Acquisition) under the Acquisition Agreement as a result of a breach of such representations and (y) “Specified Representations” shall mean the representations and
warranties set forth in Sections 6.01(a), 6.01(b)(ii) (solely as to the execution, delivery and performance of the Loan Documents), 6.02 (solely as to due authorization in the lead-in
sentence), 6.02(a), 6.02(b) (solely with respect to the Credit Agreement or other material debt documents to which the Borrower or any Guarantors are party), 6.04, 6.07 (solely as to no event of default under
Section 9.01(a), (f) or (g) of the Credit Agreement), 6.14, 6.18, 6.20, 6.23(a) (solely as to the use 

  
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of proceeds of the Loans on the Funding Date and compliance with the USA PATRIOT ACT and OFAC), 6.23(c) (solely as to the use of proceeds of the Loans on the Funding Date) and 6.24
of the Amended Credit Agreement. The Administrative Agent shall have received a customary certificate from a Responsible Officer of the Initial Borrower certifying the above matters. 

(ix) (A) The Acquisition shall have been consummated or will be consummated concurrently with the funding of the applicable
2021 Incremental Term Loans in accordance with the Acquisition Agreement; provided that no amendment, modification or waiver of any term thereof or any condition to Holding’s or the Borrower’s obligation to consummate the
Acquisition thereunder (other than any such amendment, modification or waiver that is not materially adverse to any interest of the Lenders) shall be made or granted, as the case may be, without the prior written consent of the Lead Arrangers (such
consent not to be unreasonably withheld); and (B) Holdings shall have received not less than $800 million in aggregate gross proceeds from the PIPE Offering and such proceeds shall have been or will be concurrently applied to finance the
Acquisition, the Refinancing and/or the fees, costs and expenses in connection therewith. The PIPE Offering shall have been consummated or will be consummated concurrently with the initial funding under the applicable 2021 Incremental Term Loans in
accordance with the PIPE Purchase Agreements; provided that no amendment, modification or waiver of any term thereof (other than any such amendment, modification or waiver that is not materially adverse to any interest of the Lenders) shall
be made or granted, as the case may be, without the prior written consent of the Lead Arrangers (such consent not to be unreasonably withheld). 

(x) After giving effect to the Transactions, the Refinancing shall have been consummated. 

(xi) Since the date of the Acquisition Agreement, there has not been a “Business Material Adverse Effect” as defined
in the Acquisition Agreement. 
 (xii) The Administrative Agent shall have received: 

(A) audited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of the
Borrower for the three most recently completed fiscal years and for each subsequent fiscal year ended 90 days or more prior to the Funding Date prepared in accordance with U.S. GAAP; provided that the filing of the required financial
statements with the Securities and Exchange Commission will satisfy the requirements in this clause (A); 
 (B) unaudited
consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of the Borrower for each quarter subsequent to the most recent audit delivered pursuant to clause (A) above and the corresponding prior year
period, ended 45 days or more prior to the Funding Date covering the period from such most recent audit to the end of such latest fiscal quarter (other than the fourth fiscal quarter of the Borrower’s fiscal year, as applicable);
provided that the filing of the required financial statements with the Securities and Exchange Commission will satisfy the requirements in this clause (B). 

(xiii) The Termination Date shall not have occurred. 

  
 10 

 Each party hereto agrees that their respective signatures to this Amendment, once delivered,
are irrevocable and may not be withdrawn. Each 2021 Incremental Term Loan Lender and each 2021 Revolving Credit Lender, by delivering its signature page to this Amendment, shall be deemed to have consented to, approved and accepted each term of the
Amended Credit Agreement set forth in Section 2 hereof and shall be deemed satisfied with each document and each other matter required to be reasonably satisfactory to such Lender unless, prior to the Funding Date, the
Administrative Agent receives notice from such Lender specifying such 2021 Incremental Term Loan Lender’s or 2021 Revolving Credit Lender’s objections. 

SECTION 5. [Reserved]. 

SECTION 6. Post-Closing Security. Each Required Foreign Subsidiary shall become a Guarantor within 90 days (or such longer period as
agreed to by the Administrative Agent) after the Funding Date and be otherwise subject to Section 7.12 of the Amended Credit Agreement. 

SECTION 7. Counterparts. This Amendment and each other Loan Document may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or e-mail (including “.pdf” or “.tif”) of an executed counterpart of a
signature page to this Amendment and each other Loan Document shall be effective as delivery of an original executed counterpart of this Amendment and such other Loan Document. The words “execution,” “execute”,
“signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Amendment and the transactions contemplated hereby (including without limitation, amendments, waivers and
consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Agent, or the keeping of records in electronic form, each of which shall be of
the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

SECTION 8. Applicable Law. THIS AMENDMENT AND ANY OTHER LOAN DOCUMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR
RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES
THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY INTERESTS). 

SECTION 9. Headings. Article and Section headings used herein are for convenience of reference only, are not part of this Amendment and
are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment. 
 SECTION 10. Effect of
Amendment. 
 (a) Until this Amendment becomes effective in accordance with its terms and the Effective Date shall have
occurred, the Credit Agreement shall remain in full force and effect and shall not be affected hereby. On and after the Funding Date, all obligations of the Borrower under the Credit Agreement shall become obligations of such Borrower under the
Amended Credit Agreement and the provisions of the Credit Agreement shall be superseded by the provisions of the Amended Credit Agreement. 

  
 11 

 (b) Except as expressly set forth in this Amendment or in the Amended Credit
Agreement, this Amendment and the Amended Credit Agreement shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or the Collateral Agent under
the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit
Agreement or of any other Loan Document, all of which (as amended by this Amendment and the Amended Credit Agreement) are ratified and affirmed in all respects and shall continue in full force and effect. Except as expressly set forth herein or in
the Amended Credit Agreement, nothing herein shall be deemed to entitle the Borrower, any Loan Party or any other Person to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances or be construed as a release or other discharge of any Borrower or any of its Subsidiaries under any Loan Document from any of its
obligations and liabilities as a “Borrower”, a “Grantor” or a “Guarantor” (or any similar term) under the Credit Agreement or the Loan Documents. The parties hereto expressly acknowledge that it is not their intention
that this Amendment or any of the other Loan Documents executed or delivered pursuant hereto constitute a novation of any of the obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, but a modification
thereof pursuant to the terms contained herein. 
 (c) Except as expressly set forth herein, this Amendment shall not by
implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Secured Parties, the Administrative Agent, or the Collateral Agent, and shall not alter, modify, amend or in any way affect any of the
terms, conditions, obligations, covenants or agreements contained in the Collateral Documents, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the
Borrower, any Loan Party or any other person to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Collateral Documents in similar or different
circumstances. 
 (d) As of the Effective Date, each reference in the Credit Agreement (including the Exhibits and Schedules
thereto) to “the Credit Agreement,” “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to
the Credit Agreement (including, without limitation, by means of words like “thereunder”, “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended by Section 2(a)
hereof. As of the Funding Date, each reference in the Credit Agreement (including the Exhibits and Schedules thereto) to “the Credit Agreement,” “this Agreement,” “hereunder,”
“hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the Credit Agreement (including, without limitation, by means of words like “thereunder”,
“thereof” and words of like import), shall mean and be a reference to the Amended Credit Agreement. This Amendment shall constitute a Loan Document (as defined in the Credit Agreement both before and after giving effect to the
amendment thereof by this Amendment and the Amended Credit Agreement). 
 (e) On the Funding Date, the 2021 Incremental Term
Loan Lender, if not already a Lender immediately prior to the Funding Date, shall, as applicable, (i) become a “Lender” and a “Term Loan Lender”, in each case, for all purposes of the Amended Credit Agreement and the other
Loan Documents and (ii) have the “2021 Incremental Term Loan Commitment” set forth on Exhibit C attached hereto be a “2021 Incremental Term Loan Commitment” under the Amended Credit Agreement and such 2021 Incremental
Term Loan Lender’s 2021 Incremental Term Loans be “2021 Incremental Term Loans” under the Amended Credit Agreement. 

  
 12 

 (f) On the Effective Date, each 2021 Revolving Credit Lender, if not already
a Lender immediately prior to the Effective Date, shall, as applicable, (i) become a “Lender” and a “Revolving Credit Lender”, in each case, for all purposes of the Credit Agreement and the other Loan Documents and
(ii) have the “Upsized Revolving Credit Commitment” set forth on Exhibit C attached hereto be a “Revolving Credit Commitment” and an “Initial Revolving Credit Commitment” under the Credit Agreement. 

(g) Except as provided herein, the 2021 Incremental Term Loans shall be treated as “Term Loans”, the 2021 Incremental
Term Loan Facility shall be treated as a “Term Loan Facility” and the 2021 Revolving Credit Commitment Increase shall be treated as part of the “Initial Revolving Credit Commitments”, in each case, for all purposes under the
Amended Credit Agreement, including, without limitation with respect to maturity, prepayments, repayments, interest rate and other economic terms. 

SECTION 11. Reaffirmation. 

(a) Each Reaffirming Party hereby acknowledges that it has reviewed the terms and provisions of the Credit Agreement and the
Amended Credit Agreement and consents to (i) the amendment and restatement of the Credit Agreement effected pursuant to this Amendment and the Amended Credit Agreement and (ii) the transactions contemplated by this Amendment and the
Amended Credit Agreement. Each Reaffirming Party hereby (i) reaffirms its obligations under the Loan Documents to which it is a party and (ii) reaffirms that, notwithstanding the effectiveness of this Amendment, the occurrence of the
Funding Date and the consummation of the transactions contemplated hereby (including the amendment of the Credit Agreement), the guarantees, pledges, grants of security interests, Liens and other agreements and obligations of such Reaffirming Party
and the terms of each of the Collateral Documents and each other Loan Document to which such Reaffirming Party is a party are not impaired or affected in any manner whatsoever and shall continue to be in full force and effect and shall accrue to the
benefit of the Secured Parties under the Amended Credit Agreement. 
 (b) Each Reaffirming Party hereby, on the Effective
Date and the Funding Date, confirms and agrees that (i) the Initial Term Loans, the 2020 Incremental Term Loans and the Initial Revolving Credit Loans have constituted and continue to constitute, and the 2021 Incremental Term Loans and the 2021
Revolving Credit Commitment Increase shall, upon the funding and/or establishment thereof pursuant to Section 1 and Section 2(b) hereof, constitute, “Obligations” (or any word of like
import) under each of the Amended Credit Agreement and Collateral Documents and each other Loan Document, and (ii) the Obligations under the Amended Credit Agreement have been and will continue to be guaranteed pursuant to Article IV of the
Amended Credit Agreement and secured pursuant to the Collateral Documents by a legal, valid, binding and enforceable security interest in and a fully perfected continuing Lien on all of such Reaffirming Party’s right, title and interest in, to
and under all “Collateral” as defined in the Collateral Documents and the other Loan Documents. 
 (c) In
furtherance of the foregoing and to the extent possible under local law, each Reaffirming Party hereby grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in all of the Collateral, as collateral
security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Reaffirming Party’s Obligations (including without limitation the 2021 Incremental Term Loans and the
2021 Revolving Credit Commitment Increase). 

  
 13 

 (d) Each of the Reaffirming Parties hereby confirms that the Agent is
authorized to prepare and file all documents, agreements and instruments and take all other actions necessary to satisfy the perfection requirements and to cause the Lien created by each applicable Collateral Document in respect of the Obligations
to be duly perfected to the extent required by such agreement in accordance with all applicable Laws, including the filing of financing statements in such jurisdictions as may be reasonably determined by the Administrative Agent or the Collateral
Agent as necessary. 
 SECTION 12. Submission to Jurisdiction; WAIVERS OF JURY TRIAL. Sections 11.16(b) and (c) of
the Credit Agreement is hereby incorporated by reference herein. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING OR DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 13. FATCA. 

(b) For purposes of determining withholding Taxes imposed under FATCA, the Borrowers and the Administrative Agent shall treat
(and the 2021 Incremental Term Loan Lender party hereto hereby authorize the Administrative Agent to treat) the 2021 Incremental Term Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 
 (c) The Borrower and the Administrative Agent request
each Lender to provide the U.S. federal income tax documentation as required under Section 11.14 of the Credit Agreement (including documentation required under Section 11.14(c) of the Credit
Agreement to allow the Borrowers and the Administrative Agent to comply with their obligations under FATCA and to determine whether such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and
withhold from such payment). 
 SECTION 14. Lead Arrangers; Fronting Transfer. The Borrowers agree that (a) each of Citigroup
Global Markets Inc., Citibank, N.A., Citicorp USA, Inc., Citicorp North America, Inc. and/or any of their affiliates (collectively, “Citi”), Barclays Bank PLC, RBC Capital Markets LLC, JPMorgan Chase Bank, N.A. and/or any of
its affiliates or branches, U.S. Bank National Association and UBS Securities LLC are hereby appointed as joint lead arrangers and bookrunners and Blackstone Holdings Finance Co. L.L.C. is appointed as the
co-manager, in each case, in respect of the 2021 Facilities (collectively, in such capacities, the “Lead Arrangers”, and the Lead Arrangers including any applicable lending affiliates
thereof but excluding Citi, the “Other Arrangers”) and shall be entitled to the privileges, indemnification, immunities and other benefits afforded to the Arrangers pursuant to Article X and
Section 11.04 of the Credit Agreement and (b) except as otherwise agreed to in writing by the Borrowers and the Lead Arrangers, the Lead Arrangers shall have no duties, responsibilities or liabilities with respect to
this Amendment, the 

  
 14 

 
Amended Credit Agreement or any other Loan Document. On the Fronting Transfer Date and subject to entry into a customary fronting letter by each Other Arranger reasonably satisfactory to Citi,
each Other Arranger shall automatically, and without any further action by any person, assign to Citi all of that Other Arranger’s rights and obligations under the Amendment which correspond to the entirety of that Other Arranger’s 2021
Incremental Term Loan Commitment and Citi shall accept and undertake all such rights and obligations. For the avoidance of doubt, Citi shall be reflected in the Register as the Lender with respect to 100% of the 2021 Incremental Term Loan Facility
as of the Fronting Transfer Date. “Fronting Transfer Date” means the Funding Date, but prior to the funding of the 2021 Incremental Term Loans, or any other date agreed in writing between all of the Other Arrangers, Citi and the
Administrative Agent, on which date each Other Arranger will transfer its 2021 Incremental Term Loan Commitment to Citi. Neither the Borrower nor any other person, other than the Lead Arrangers, shall under any circumstances be deemed to be a
beneficiary of this paragraph. 
 This agreement was executed outside Belgium. 

[Signature pages follow] 

  
 15 

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

			
	 API GROUP CORPORATION, as Holdings

		
	 By:
	 	 /s/ Kevin Krumm

	 Name:
	 	 Kevin Krumm

	 Title:
	 	 Executive Vice President and Chief Financial Officer

  

			
	 API GROUP DE, INC., as Borrower

		
	 By:
	 	 /s/ Kevin Krumm

	 Name:
	 	 Kevin Krumm

	 Title:
	 	 Chief Financial Officer and Assistant Secretary

  
 [Signature Page to
Amendment Agreement] 

			
	 SUBSIDIARY GUARANTORS:

	
	 3S INCORPORATED

	 A. P. I. INC.

	 A.P.I. GARAGE DOOR, INC.

	 AMERICAN FIRE PROTECTION GROUP, INC.

	 API ACQUISITION IV, INC.

	 API ACQUISITION V, INC

	 API GROUP, INC.

	 API NATIONAL SERVICE GROUP, INC.

	 API REAL ESTATE, LLC

	 CLASSIC INDUSTRIAL SERVICES, INC.

	 DAVIS-ULMER SPRINKLER COMPANY, INC.

	 DELTA FIRE SYSTEMS, INC.

	 ICS, INC.

	 INTERNATIONAL FIRE PROTECTION, INC.

	 JOMAX CONSTRUCTION COMPANY, INC.

	 LEJEUNE STEEL COMPANY

	 METROPOLITAN MECHANICAL CONTRACTORS, INC.

	 MID-OHIO PIPELINE COMPANY, INC.

	 MID-OHIO PIPELINE SERVICES, LLC

	 MP TECHNOLOGIES, LLC

	 NEXUS ALARM AND SUPPRESSION, INC.

	 NORTHLAND CONSTRUCTORS OF DULUTH, INC.

	 NYCO, INC.

	 SECURITY FIRE PROTECTION COMPANY, INC.

	 SPRINKLER ACQUISITION, LLC

	 TECHNOLOGIES INC.

	 TESSIER’S INC.

	 THE JAMAR COMPANY

	 UNITED PIPING, INC.

	 UNITED STATES ALLIANCE FIRE PROTECTION, INC.

	 VIKING AUTOMATIC SPRINKLER COMPANY

	 WESTERN STATES FIRE PROTECTION COMPANY

	 API GROUP HOLDINGS CANADA ULC

	 SUMMIT PIPELINE SERVICES ULC

	 TRAIN OILFIELD SERVICES LTD.

		
	 By:
	 	 /s/ Kevin Krumm

	 Name:
	 	 Kevin Krumm

	 Title:
	 	 Chief Financial Officer

  
 [Signature Page to
Amendment Agreement] 

 
			
	SUBSIDIARY GUARANTORS (cont.):
	
	CREAM RIDGE CONSTRUCTION CO., INC. GRUNAU COMPANY, INC.
		
	 By:
	 	 /s Kevin Krumm

	 Name:
	 	 Kevin Krumm

	 Title:
	 	 Assistant Treasurer

  

			
	 J. FLETCHER CREAMER & SON, INC. MMC HOLDINGS, LLC

		
	 By:
	 	 /s/ Kevin Krumm

	 Name:
	 	 Kevin Krumm

	 Title:
	 	 Treasurer

  

			
	 T.TEXAS SPRINKLER, LP

		
	 By:
	 	 Sprinkler Acquisition, LLC, its General Partner

		
	 By:
	 	 /s/ Kevin Krumm

	 Name:
	 	 Kevin Krumm

	 Title:
	 	 Chief Financial Officer

  

			
	MP MOBILE SOLUTIONS, LLC
	MP NEXLEVEL OF CALIFORNIA, INC.
	MP NEXLEVEL, LLC
	NEXLEVEL INC.
	TL NEXLEVEL COMPANIES, LLC
	TLR CONSULTING, INC.
	WRIGHT SERVICE CENTER, LLC
		
	 By:
	 	 /s/ Robbi Pribyl

	 Name:
	 	 Robbi Pribyl

	 Title:
	 	 President

  
 [Signature Page to
Amendment Agreement] 

 
			
	 SUBSIDIARY GUARANTORS (cont.):

	
	 VIPOND INC.

		
	 By:
	 	 Andrew J. Cebula

	 Name:
	 	 Andrew J. Cebulla

	 Title:
	 	 Assistant Treasurer

  
 [Signature Page to
Amendment Agreement] 

 
			
	 SUBSIDIARY GUARANTORS (cont.):

	
	 API GROUP UK HOLDCO LIMITED

		
	 By:
	 	 /s/ Russell A. Becker

	 Name:
	 	 Russell A. Becker

	 Title:
	 	 Director

  

			
	 KNOWSLEY SK HOLDING LIMITED

		
	 By:
	 	 /s/ Russell A. Becker

	 Name:
	 	 Russell A. Becker

	 Title:
	 	 Director

  

			
	 KNOWSLEY S.K. LIMITED

		
	 By:
	 	 /s/ Russell A. Becker

	 Name:
	 	 Russell A. Becker

	 Title:
	 	 Director

  
 [Signature Page to
Amendment Agreement] 

 
			
	 SUBSIDIARY GUARANTORS (cont.):

	
	 BLUMACO INDUSTRIES BV

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorised Signatory

  

			
	 DE GROENE VLAM BV

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorised Signatory

  

			
	 SAVAL NV

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorised Signatory

  

			
	 SOMATI SYSTEMS NV

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorised Signatory

  
 [Signature Page to
Amendment Agreement] 

 
			
	 SUBSIDIARY GUARANTORS (cont.):

	
	 API GROUP DUTCH HOLDCO B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 BRANDBEVEILIGING ALKMAAR B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 DE VRIES BRANDBEVEILIGING B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 DE VRIES PREVENTIE B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 FIRE SAFETY FIRST B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Amendment Agreement] 

 
			
	 SUBSIDIARY GUARANTORS (cont.):

	
	 FOAMXPERT B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 HUGEN BRANDBEVEILIGING EN ADVIESBUREAU B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 SAVAL B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 SIMPLUS BRANDBLUSAPPARATEN B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  

			
	 SK FIRESAFETY GROUP B.V.

		
	 By:
	 	 /s/ H.A. Draaijer

	 Name:
	 	 H.A. Draaijer

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Amendment Agreement] 

 
			
	SUBSIDIARY GUARANTORS (cont.):
	
	SK NOORD BRANDBEVEILIGING B.V.
		
	By:	 	/s/ H.A. Draaijer
	Name:	 	H.A. Draaijer
	Title:	 	Authorized Signatory

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	CITIBANK, N.A.,
	as Administrative Agent, Collateral Agent, a 2021 Revolving Credit Lender, an L/C Issuer and a 2021 Incremental Term Loan Lender
		
	By:	 	/s/ James Oleskewicz
	Name:	 	James Oleskewicz
	Title:	 	Vice President

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	BARCLAYS BANK PLC, as a 2021 Revolving Credit Lender, an L/C Issuer and a 2021 Incremental Term Loan Lender
		
	By:	 	/s/ Craig J. Malloy
	Name:	 	Craig J. Malloy
	Title:	 	Director

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	BANK OF AMERICA N.A., as a 2021 Revolving Credit Lender and an L/C Issuer
		
	By:	 	/s/ A. Quinn Richardson
	Name:	 	A. Quinn Richardson
	Title:	 	Senior Vice President

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as a 2021 Revolving Credit Lender and a 2021 Incremental Term Loan Lender
		
	By:	 	/s/ Zachary Blaner
	Name:	 	Zachary Blaner
	Title:	 	Vice President

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	ROYAL BANK OF CANADA, as a 2021 Revolving Credit Lender, an L/C Issuer and a 2021 Incremental Term Loan Lender
		
	By:	 	/s/ Brian Hueter
	Name:	 	Brian Hueter
	Title:	 	Authorized Signatory

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	UBS AG, STAMFORD BRANCH, as a 2021 Revolving Credit Lender and a 2021 Incremental Term Loan Lender
		
	By:	 	 /s/ Houssem Daly

	Name:	 	 Houssem Daly

	Title:	 	 Director

		
	By:	 	 /s/ Dionne Robinson

	Name:	 	 Dionne Robinson

	Title:	 	 Associate Director

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as a 2021 Revolving Credit Lender and a 2021 Incremental Term Loan Lender
		
	By:	 	/s/ Edward B. Hanson
	Name:	 	Edward B. Hanson
	Title:	 	Senior Vice President

  

  
 [Signature Page to
Amendment Agreement] 

 
			
	BLACKSTONE HOLDINGS FINANCE CO. L.L.C., as a 2021 Incremental Term Loan Lender
		
	By:	 	/s/ Eric Law
	Name:	 	Eric Law
	Title:	 	Senior Managing Director

  

  
 [Signature Page to
Amendment Agreement] 

 EXHIBIT A 

Amended Credit Agreement 
 [see
attached] 

Execution
Version 
  
  

CREDIT AGREEMENT 
 dated
as of October 1, 2019, 
 as amended as of October 22, 2020, 

as further amended as of
2021 Incremental Amendment Funding Date (as defined herein) 
 by and among 

API GROUP DE, INC., 
 as
the Initial Borrower, 
 API GROUP CORPORATION, 

as Holdings, 
 THE
GUARANTORS FROM TIME TO TIME PARTY HERETO, 
 THE LENDERS AND L/C ISSUERS FROM TIME TO TIME PARTY HERETO, 

and 
 CITIBANK, N.A.,

 as Administrative Agent and Collateral Agent 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 1.01
	  	Defined Terms	  	 	1	 
	 1.02
	  	Other Interpretive Provisions	  	 	6875	 
	 1.03
	  	Accounting Terms	  	 	6875	 
	 1.04
	  	Rounding	  	 	6976	 
	 1.05
	  	References to Agreements and Laws	  	 	6976	 
	 1.06
	  	Times of Day	  	 	6976	 
	 1.07
	  	Letter of Credit Amounts	  	 	6976	 
	 1.08
	  	Conversion of Foreign Currencies	  	 	6976	 
	 1.09
	  	Divisions	  	 	7077	 
	 1.10
	  	Limited Condition Transactions	  	 	7178	 
	 1.11
	  	Dutch Terms	  	 	7178	 
	 1.12
	  	Belgian Terms	  	 	7279	 
	
1.13
	  	Rates.	  	 	80	 
		
	 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
	  	 	7381	 
			
	 2.01
	  	The Loans	  	 	7381	 
	 2.02
	  	Borrowings, Conversions and Continuations of Loans	  	 	7481	 
	 2.03
	  	Letters of Credit	  	 	7583	 
	 2.04
	  	[Reserved]	  	 	8593	 
	 2.05
	  	Prepayments	  	 	8593	 
	 2.06
	  	Termination or Reduction of Commitments	  	 	8896	 
	 2.07
	  	Repayment of Loans	  	 	8997	 
	 2.08
	  	Interest	  	 	9098	 
	 2.09
	  	Fees	  	 	9099	 
	 2.10
	  	Computation of Interest and Fees	  	 	9199	 
	 2.11
	  	Evidence of Indebtedness	  	 	91100	 
	 2.12
	  	Payments Generally	  	 	92100	 
	 2.13
	  	Sharing of Payments	  	 	94102	 
	 2.14
	  	Incremental Facilities	  	 	94103	 
	 2.15
	  	Defaulting Lender	  	 	99108	 
	 2.16
	  	Extension of Term Loans and Revolving Credit Commitments	  	 	103112	 
	 2.17
	  	Interest Act (Canada)	  	 	107115	 
		
	 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	108116	 
			
	 3.01
	  	Taxes	  	 	108116	 
	 3.02
	  	Illegality	  	 	110118	 
	 3.03
	  	Inability to Determine Rates	  	 	110118	 
	 3.04
	  	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans	  	 	111122	 
	 3.05
	  	Funding Losses	  	 	113123	 
	 3.06
	  	Matters Applicable to all Requests for Compensation	  	 	113124	 
	 3.07
	  	Pro Rata Treatment	  	 	113124	 

  
 i 

							
	 3.08
	  	Survival	  	 	114124	 
		
	 ARTICLE IV. GUARANTY
	  	 	114125	 
			
	 4.01
	  	The Guaranty	  	 	114125	 
	 4.02
	  	Obligations Unconditional	  	 	114125	 
	 4.03
	  	Reinstatement	  	 	115126	 
	 4.04
	  	Certain Additional Waivers	  	 	115126	 
	 4.05
	  	Remedies	  	 	115126	 
	 4.06
	  	Rights of Contribution	  	 	116127	 
	 4.07
	  	Guarantee of Payment; Continuing Guarantee	  	 	116127	 
	 4.08
	  	Keepwell	  	 	116127	 
	 4.09
	  	Guarantee Limitations	  	 	116127	 
		
	 ARTICLE V. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	116127	 
			
	 5.01
	  	Conditions to Initial Credit Extension	  	 	116127	 
	 5.02
	  	Conditions to all Credit Extensions after the Closing Date	  	 	119130	 
		
	 ARTICLE VI. REPRESENTATIONS AND WARRANTIES
	  	 	120131	 
			
	 6.01
	  	Existence, Qualification and Power; Compliance with Laws	  	 	120131	 
	 6.02
	  	Authorization; No Contravention	  	 	120131	 
	 6.03
	  	Governmental Authorization; Other Consents	  	 	121132	 
	 6.04
	  	Binding Effect	  	 	121132	 
	 6.05
	  	Financial Statements; No Material Adverse Effect	  	 	121132	 
	 6.06
	  	Litigation	  	 	122133	 
	 6.07
	  	No Default	  	 	122133	 
	 6.08
	  	Properties	  	 	123134	 
	 6.09
	  	Environmental Compliance	  	 	123134	 
	 6.10
	  	Insurance	  	 	124135	 
	 6.11
	  	Taxes	  	 	124135	 
	 6.12
	  	ERISA Compliance	  	 	124135	 
	 6.13
	  	Subsidiaries; Equity Interests	  	 	126137	 
	 6.14
	  	Margin Regulations; Investment Company Act	  	 	126137	 
	 6.15
	  	Disclosure	  	 	126137	 
	 6.16
	  	Compliance with Laws	  	 	126137	 
	 6.17
	  	Intellectual Property; Licenses, Etc	  	 	127138	 
	 6.18
	  	Solvency	  	 	127138	 
	 6.19
	  	Casualty, Etc	  	 	127138	 
	 6.20
	  	Perfection, Etc	  	 	127138	 
	 6.21
	  	Swap Obligations	  	 	127138	 
	 6.22
	  	Labor Matters	  	 	127138	 
	 6.23
	  	OFAC, Anti-Terrorism and Anti-Money Laundering Law and Anti-Corruption Laws	  	 	128139	 
	 6.24
	  	Senior Indebtedness	  	 	128139	 
	 6.25
	  	Canadian Defined Benefit Plans	  	 	128139	 
	 6.26
	  	Centre of Main Interests and Establishments	  	 	129140	 
	 6.27
	  	UK Pensions	  	 	129140	 

  
 ii 

							
		
	 ARTICLE VII. AFFIRMATIVE COVENANTS
	  	 	129140	 
			
	 7.01
	  	Financial Statements	  	 	129140	 
	 7.02
	  	Certificates; Other Information	  	 	130141	 
	 7.03
	  	Notices	  	 	132143	 
	 7.04
	  	Payment of Obligations	  	 	132143	 
	 7.05
	  	Preservation of Existence, Etc	  	 	132144	 
	 7.06
	  	Maintenance of Properties	  	 	133144	 
	 7.07
	  	Maintenance of Insurance	  	 	133144	 
	 7.08
	  	Compliance with Laws	  	 	133144	 
	 7.09
	  	Books and Records	  	 	133144	 
	 7.10
	  	Inspection Rights	  	 	133144	 
	 7.11
	  	Use of Proceeds	  	 	134145	 
	 7.12
	  	Additional Guarantees and Collateral; Guarantor Coverage Ratio	  	 	134145	 
	 7.13
	  	Compliance with Environmental Laws	  	 	138149	 
	 7.14
	  	Further Assurances	  	 	138150	 
	 7.15
	  	Collateral and Guarantee Limitations	  	 	139150	 
	 7.16
	  	Credit Rating	  	 	140151	 
	 7.17
	  	Post-Closing Matters	  	 	140151	 
	 7.18
	  	OFAC and Anti-Corruption Laws	  	 	140151	 
	 7.19
	  	Lender Calls	  	 	140152	 
		
	 ARTICLE VIII. NEGATIVE COVENANTS
	  	 	141152	 
			
	 8.01
	  	Liens	  	 	141152	 
	 8.02
	  	Indebtedness	  	 	144155	 
	 8.03
	  	Fundamental Changes	  	 	151162	 
	 8.04
	  	Dispositions	  	 	152163	 
	 8.05
	  	Restricted Payments	  	 	153164	 
	 8.06
	  	Change in Nature of Business	  	 	155166	 
	 8.07
	  	Transactions with Affiliates	  	 	155166	 
	 8.08
	  	Burdensome Agreements	  	 	156167	 
	 8.09
	  	Use of Proceeds	  	 	157169	 
	 8.10
	  	Financial Covenant	  	 	157169	 
	 8.11
	  	Amendments of Organization Documents and Certain Other Agreements	  	 	159170	 
	 8.12
	  	Accounting Changes	  	 	159170	 
	 8.13
	  	Sale and Leaseback Transactions	  	 	159170	 
	 8.14
	  	No Other “Designated Senior Indebtedness”	  	 	159171	 
	 8.15
	  	Centre of Main Interests and Establishments	  	 	159171	 
	 8.16
	  	Holding Covenant	  	 	159171	 
		
	 ARTICLE IX. EVENTS OF DEFAULT AND REMEDIES
	  	 	159171	 
			
	 9.01
	  	Events of Default	  	 	159171	 
	 9.02
	  	Remedies Upon Event of Default	  	 	162174	 
	 9.03
	  	Application of Funds	  	 	163175	 
		
	 ARTICLE X. THE AGENTS AND THE ARRANGERS
	  	 	164176	 
			
	 10.01
	  	Appointment and Authority	  	 	164176	 
	 10.02
	  	Delegation of Duties	  	 	164176	 

  
 iii 

							
	 10.03
	  	Rights as a Lender	  	 	165177	 
	 10.04
	  	Exculpatory Provisions	  	 	165177	 
	 10.05
	  	Reliance by Agents	  	 	166178	 
	 10.06
	  	Non-Reliance on Agents and Other Lenders	  	 	166178	 
	 10.07
	  	Resignation of Agent	  	 	166178	 
	 10.08
	  	Administrative Agent May File Proofs of Claim	  	 	167179	 
	 10.09
	  	Collateral and Guaranty Matters	  	 	167179	 
	 10.10
	  	No Other Duties, Etc	  	 	168180	 
	 10.11
	  	Certain ERISA Matters	  	 	168180	 
	 10.12
	  	Parallel Debt	  	 	169181	 
	
10.13
	  	Intercreditor Agreement	  	 	182	 
	
10.14
	  	Erroneous Payments	  	 	182	 
		
	 ARTICLE XI. MISCELLANEOUS
	  	 	170184	 
			
	 11.01
	  	Amendments, Etc	  	 	170184	 
	 11.02
	  	Notices and Other Communications; Facsimile Copies	  	 	172186	 
	 11.03
	  	No Waiver; Cumulative Remedies	  	 	173188	 
	 11.04
	  	Expenses; Indemnity; Damage Waiver	  	 	173188	 
	 11.05
	  	Payments Set Aside	  	 	175190	 
	 11.06
	  	Successors and Assigns	  	 	176191	 
	 11.07
	  	Confidentiality	  	 	183198	 
	 11.08
	  	Setoff	  	 	184199	 
	 11.09
	  	Interest Rate Limitation	  	 	185200	 
	 11.10
	  	Counterparts	  	 	185200	 
	 11.11
	  	Integration	  	 	185200	 
	 11.12
	  	Survival of Representations and Warranties	  	 	185200	 
	 11.13
	  	Severability	  	 	186201	 
	 11.14
	  	Tax Forms	  	 	186201	 
	 11.15
	  	Replacement of Lenders.	  	 	187202	 
	 11.16
	  	Governing Law	  	 	188203	 
	 11.17
	  	Binding Effect	  	 	189204	 
	 11.18
	  	Waiver of Right to Trial by Jury	  	 	189204	 
	 11.19
	  	USA PATRIOT Act Notice	  	 	189204	 
	 11.20
	  	Waiver of Notice of Termination	  	 	190205	 
	 11.21
	  	Headings	  	 	190205	 
	 11.22
	  	Joint and Several Obligations	  	 	190205	 
	 11.23
	  	Judgment Currency	  	 	191206	 
	 11.24
	  	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	192207	 
	 11.25
	  	Acknowledgement Regarding Any Supported QFCs	  	 	192207	 
	 11.26
	  	Canadian AML Legislation	  	 	193208	 

  
 iv 

 SCHEDULES 
  

			
	1.01(a)	  	Existing Letters of Credit
	1.01(c)	  	Mortgaged Properties
	1.01(d)	  	Existing Investments
	1.01(e)	  	Excluded Subsidiaries
	1.01(f)	  	Subsidiary Guarantors
	1.01(g)	  	Immaterial Subsidiaries
	2.01	  	Commitments and Pro Rata Shares
	6.05(a)	  	Financial Statement Matters
	6.06	  	Litigation
	6.09	  	Environmental Matters
	6.12	  	ERISA
	6.13	  	Subsidiaries
	6.17	  	Intellectual Property Matters
	6.22	  	Labor Matters
	7.12	  	Agreed Security Principles
	7.17	  	Post-Closing Matters
	8.01(c)	  	Existing Liens
	8.02	  	Existing Indebtedness
	8.04	  	Certain Dispositions
	11.02	  	Administrative Agent’s Office, Certain Addresses for Notices

 EXHIBITS 
  

			
	A	  	Assignment and Assumption
	B	  	Committed Loan Notice
	C	  	Compliance Certificate
	D	  	Solvency Certificate
	E	  	Perfection Certificate
	F	  	Subsidiary Joinder Agreement
	G-1	  	Term Loan Note
	G-2	  	Revolving Credit Note
	H	  	Prepayment Notice
	I	  	Designated Pari Passu Facility Notice

  
 v 

 CREDIT AGREEMENT 

This Credit Agreement is entered into as of October 1, 2019 by and among APi Group DE, Inc. (the “Initial
Borrower”), a Delaware corporation, APi Group Corporation, a Delaware corporation (“Holdings”), the Guarantors from time to time party hereto, the lenders from time to time party hereto (collectively, the
“Lenders” and, individually, a “Lender”), the L/C Issuers from time to time party hereto and Citibank, N.A., as administrative agent (in such capacity and together with its successors, the
“Administrative Agent”) and collateral agent (in such capacity and together with its successors, the “Collateral Agent”). 

WHEREAS, Holdings, in connection with the Closing Date, requested that substantially simultaneously with the consummation of the APi
Acquisition, (a) the Term Loan Lenders extend Initial Term Loans in an aggregate principal amount of $1,200,000,000, (b) the Revolving Credit Lenders provide Initial Revolving Credit Commitments in an aggregate principal amount of $300,000,000
and (c) the L/C Issuers agree to issue Letters of Credit in an aggregate amount available to be drawn not in excess of the Letter of Credit Sublimit; 

WHEREAS, the Borrower has entered into that certain
Amendment No. 1 to Credit Agreement, dated as of October 22, 2020 (the “2020 Incremental Amendment”) by and among Holdings, the Borrower, the Guarantors party thereto, the Existing Lenders (as defined below) party thereto, the 2020 Incremental Term Loan Lenders party
thereto, the other Lenders party thereto and Citibank, N.A. pursuant to which the 2020 Incremental Term Loan Lenders
have agreed to extend credit to the Borrower in the form of the 2020 Incremental Term Loans in an aggregate principal amount of $250,000,000 and to make certain
other amendments to the Credit Agreement as set forth herein; 

WHEREAS, the Borrower has
entered into that certain Amendment No. 2 to Credit Agreement, dated as of December 16, 2021 (the
“2021 Incremental
Amendment”)
 by and among Holdings, the Borrower, the Guarantors party thereto, the 2021 Incremental Term Loan Lenders, the 2021 Incremental Revolving Credit Lenders and L/C Issuers party thereto and Citibank, N.A. pursuant to which (i) the 2021 Incremental Term Loan Lender has agreed to extend credit to the Borrower in the form of the 2021 Incremental Term Loans in
an aggregate principal amount of $1,100,000,000, (ii) the Revolving Credit Lenders have agreed to increase the Initial Revolving Credit Commitments by an additional aggregate principal amount of $200,000,000 and to extend the Initial Revolving
Credit Maturity Date, (iii) the L/C Issuers have agreed to increase the Letter of Credit Sublimit by an
additional aggregate principal amount of $100,000,000 and (iv) the Lenders have agreed to make certain other
amendments to the Credit Agreement as set forth herein. 
 WHEREAS, the
Lenders and the L/C Issuers are willing to provide such extensions of credit, subject to the terms and conditions of this Agreement. 
 NOW
THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 

1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: 

“2020 Incremental Amendment” has the meaning specified in the recitals hereto. 

  
 1 

 “2020 Incremental Amendment Effective Date” shall mean
October 22, 2020. 
 “2020 Incremental Lead Arrangers” shall mean the Lead Arrangers (as defined in the 2020
Incremental Amendment). 
 “2020 Incremental Term Loan Commitment” means, as to each 2020 Incremental Term Loan
Lender, its obligation to make 2020 Incremental Term Loans to the Borrowers 
 (i) pursuant to
Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such 2020 Incremental Term Loan Lender’s name on Schedule 2.01
under the caption “2020 Incremental Term Loan Commitment”, and 
 (ii) in the Assignment and Assumption pursuant to which such
2020 Incremental Term Loan Lender becomes a party hereto, 
 in each case, as such amount may be adjusted from time to time in accordance with this
Agreement. 
 The aggregate amount of 2020 Incremental Term Loan Commitments on the 2020 Incremental Amendment Effective Date is
$250,000,000. 
 “2020 Incremental Term Loan Facility” means the 2020 Incremental Term Loan Commitments and the 2020
Incremental Term Loans made thereunder. 
 “2020 Incremental Term Loan Lenders” shall have the meaning assigned to
such term in the 2020 Incremental Amendment. 
 “2020 Incremental Term Loan Maturity Date” means October 1,
2026. 
 “2020 Incremental Term Loans” shall have the meaning assigned to such term in the 2020 Incremental
Amendment. 

“
2021 Incremental Amendment” has
 the meaning specified in the recitals hereto. 
 “2021
Incremental Amendment Funding Date” shall mean the Funding Date (as defined in the 2021 Incremental Amendment).

“
2021 Incremental Lead Arrangers” shall
 mean the Lead Arrangers (as defined in the 2021 Incremental Amendment). 
 “2021
Incremental Term Loan Commitment” means, as to each 2021 Incremental Term Loan Lender, its obligation to make 2021 Incremental Term Loans to the Borrower 

(i) pursuant to
Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such 2021 Incremental Term Loan Lender’s name on Schedule 2.01 under the caption “2021 Incremental Term Loan
Commitments” and 

(ii) in the Assignment and Assumption pursuant to which such 2021 Incremental Term Loan Lender becomes a party hereto, 

in each case, as such amount may be
adjusted from time to time in accordance with this Agreement. 

  
 2 

The aggregate amount of
2021 Incremental Term Loan Commitments on the 2021 Incremental Amendment Effective Date is $1,100,000,000, which shall be deemed to be reduced to zero upon the funding of the 2021 Incremental Term Loans on the 2021 Incremental Amendment Funding
Date. 
 “2021
Incremental Term Loan Facility” means the 2021 Incremental Term Loan Commitments and the 2021 Incremental Term Loans made thereunder. 

“
2021 Incremental Term Loan Lenders” shall
 have the meaning assigned to such term in the 2021 Incremental Amendment and shall include each Lender that holds any 2021 Incremental Term Loans through an Assignment and Assumption.

“
2021 Incremental Term Loan Maturity Date” means
 the seventh anniversary of the 2021 Incremental Amendment Funding Date. 
 “2021
Incremental Term Loans” shall have the meaning assigned to such term in the 2021 Incremental Amendment.

“
2021 Revolving Credit Lenders” shall
 have the meaning assigned to such term in the 2021 Incremental Amendment and shall include each Lender that holds any Revolving Credit Loans through an Assignment and Assumption. 

“Acquired Entity” has the meaning specified in the definition of “Permitted Acquisition”. 

“Acquired Indebtedness” means with respect to any specified Person 

(i) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such specified
Person, provided such Indebtedness is not incurred (x) in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary of, such specified Person or (y) for purposes of financing
the acquisition of such other Person; and 
 (ii) Indebtedness that is secured by a Lien encumbering any asset acquired by such specified
Person. 
 “Additional Borrower” has the meaning specified in
Section 2.14(a). 
 “Adjusted Eurocurrency Rate” means, for any
Interest Period, an interest rate per annum equal to the greater of: 
 (a) 0.00% per annum and 

(b) the product of (A) the Eurocurrency Rate in effect for such Interest Period and (B) Statutory Reserves. 

“Administrative Agent” has the meaning specified in the preamble hereto. 

“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set
forth on Schedule 11.02, or such other address or account as the Administrative Agent may from time to time notify Holdings and the Lenders. 

  
 3 

 “Administrative Questionnaire” means an Administrative Questionnaire
in a form supplied by the Administrative Agent. 
 “Advisory Agreement” means the Advisory Services Agreement, dated
as of October 1, 2019 between Holdings and Mariposa Capital, LLC. 
 “Affected Financial Institution” means
(a) any EEA Financial Institution or (b) any UK Financial Institution. 
 “Affiliate” means, with respect
to any Person, another Person (other than, in the case of the Loan Parties, a Subsidiary of such Person) that directly, or indirectly through one or more intermediaries, Governs or is Governed by or is under common Governance with the Person
specified. “Govern” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or
otherwise. “Governance”, “Governing” and “Governed” have meanings correlative thereto. 

“Agent Parties” has the meaning specified in Section 11.02(c). 

“Agents” has the meaning specified in Section 10.01(b). 

“Agreed Security Principles” means the Agreed Security Principles attached as Schedule 7.12 hereto. 

“Agreement” means this Credit Agreement. 

“Alternate Currency LIBO Rate” has the meaning specified in the definition of “Eurocurrency Rate”. 

“Alternative Currency” means, (x) with respect to Revolving Credit Loans, Canadian Dollars,
Yen, Euros and Pounds Sterling and (y) with respect to a New Term Loan Facility, Euros and Pounds Sterling. 

“AML Legislation” has the meaning specified in Section 11.26. 

“Anti-Corruption Laws” means the (i) United States Foreign Corrupt Practices Act of 1977, as amended,
(ii) the United Kingdom Bribery Act of 2010, (iii) the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) and (iv) any applicable related provisions and/or anti-bribery, and corruption and/or anti-money laundering
laws, rules, or regulations of any jurisdiction in which a Borrower conducts business. 
 “Anti-Terrorism and Anti-Money
Laundering Laws” means any laws or regulations relating to terrorism or money laundering, including the Bank Secrecy Act of 1990, as amended by the USA PATRIOT ACT, the laws administered by the United States Treasury Department’s
Office of Foreign Assets Control, the Criminal Code (Canada), and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (as any of the foregoing laws may from time to time be amended, renewed, extended, or replaced), the U.S.
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, the U.S. Currency and Foreign Transaction Reporting Act of 1970, as
amended, the U.S. Money Laundering Control Act of 1986, as amended, the UK Proceeds of Crime Act 2002 and the UK Terrorism Act 2000, as amended. 

  
 4 

 “Anticipated Cure Deadline” shall have the meaning assigned to such
term in Section 8.10(b). 
 “APi” means APi Group, Inc., a Minnesota
corporation. 
 “APi Acquisition” means the purchase of all of the capital stock of APi pursuant to the APi
Acquisition Agreement. 
 “APi Acquisition Agreement” means the Business Combination Agreement, dated as of
September 2, 2019, between Holdings, APi and the Sellers (as defined therein). 
 “A.P.I.
Security
Agreement” has
 the meaning specified in clause (ix) of the definition of “Excluded
Subsidiary.
” 

“Applicable Rate” means 

(a) (i) with respect to any Initial Term Loan that is (A) a Eurocurrency Rate Loan, 2.50% per annum and (B) a Base Rate Loan,
1.50% per annum and,

 (ii) with respect to any 2020 Incremental Term Loan that is (A) a Eurocurrency Rate Loan, 2.75% per annum and
(B) a Base Rate Loan, 1.75% per annum, and 

(iii)
 with respect to any 2021 Incremental Term Loan that is (A) a Eurocurrency Rate Loan, 2.75% per
annum and
(B) a Base Rate Loan, 1.75% per
annum, 

(b) with respect to any Revolving Credit Loan that is (i) a Eurocurrency Rate Loan or an RFR Loan, 2.25% per annum and (ii) a Base Rate Loan, 1.25% per annum, 

(c) with respect to the Letter of Credit Fees, 2.25% per annum and 

(d) with respect to the Commitment Fees, 

(i) until delivery of a Compliance Certificate for the first full fiscal quarter ending after the Closing Date, 0.50% per
annum and 
 (ii) at any time thereafter, (x) 0.50% per annum if the First Lien Net Leverage Ratio as of the most
recent determination date is greater than 2.75 to 1.00 or (y) 0.375% per annum if the First Lien Net Leverage Ratio as of the most recent determination date is less than or equal to 2.75 to 1.00. 

“Approved Fund” has the meaning specified in Section 11.06(g). 

“Approved Member State” means each of the following: Belgium, Canada, France, Germany, Italy, Luxembourg, The
Netherlands, Spain, Sweden and the United Kingdom. 
 “Arrangers” means Citibank, N.A., BofA Securities, Inc.,
Barclays Bank PLC, UBS Securities LLC and U.S. Bank National Association. 

  
 5 

 “Asset Sale” means the Disposition (by way of merger, casualty,
condemnation or otherwise) by Holdings or any Restricted Subsidiary to any Person other than a Loan Party of 
 (a) any Equity Interests of
any Restricted Subsidiary (other than directors’ qualifying shares and employee options granted in the ordinary course of business) or 

(b) any other assets of Holdings or any Restricted Subsidiary, including Equity Interests of any Person that is not a Restricted Subsidiary
(other than 
 (i) inventory disposed of in the ordinary course of business or the disposition of excess, damaged, obsolete,
worn out or no longer needed assets, scrap and Cash Equivalents, 
 (ii) dispositions between Restricted Subsidiaries
permitted by Section 8.04(c), clause (c) of the definition of “Permitted Intercompany Transaction” with respect to dispositions or acquisitions of any Subsidiary of a Borrower that
is not a Loan Party or clause (d) of the definition of “Permitted Intercompany Transaction” relating to Dispositions with respect to any Excluded Subsidiary, 

(iii) dispositions permitted by Section 8.04(h) and dispositions of non-core assets acquired in connection with any Permitted Acquisition or Investment permitted hereunder 

(iv) dispositions contemplated by the Reorganization (as defined in the APi Acquisition Agreement) as set forth on
Schedule 8.04 and 
 (v) any Permitted Sale Leaseback Transaction); 

provided that any asset sale or series of related asset sales described above having a value not in excess of $5,000,000 in any single
transaction or series of related transactions shall be deemed not to be an “Asset Sale” for purposes of this Agreement. 

“Assignee Group” means, with respect to any Lender, such Lender’s Affiliates and Approved Funds with respect to
such Lender. 
 “Assignment and Assumption” means an Assignment and Assumption substantially in the form of
Exhibit A or such other form approved by the Administrative Agent. 
 “Attorney Costs” means and
includes all reasonable fees, expenses and disbursements of any law firm or other external counsel. 
 “Attributable
Indebtedness” means, on any date, 
 (a) in respect of any capital lease of any Person, the capitalized amount thereof that
would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP and 
 (b) in respect of any Synthetic Lease
Obligation, as of any date of determination, the total obligation (discounted to present value at the rate of interest implicit in the lease included in such transaction) of the lessee for rental payments (other than accounts required to be paid on
account of property taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items which do not constitute payments for property rights) during the remaining portion of the term (including extensions which
are at the sole option of the lessor) of the lease included in such transaction (in the case of any lease which is terminable by the lessee upon the payment of a penalty, such rental obligation shall also include the amount of such penalty, but no
rent shall be considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated). 

  
 6 

 “Audited Financial Statements of APi” means the audited consolidated
balance sheets of APi for the fiscal years ended December 31, 2017 and December 31, 2018 and, in each case, related consolidated statements of income, stockholders equity and cash flows for such fiscal year, including the notes thereto.

 “Audited Financial Statements of Holdings” means the audited statement of financial position of Holdings for the
period commencing on incorporation (September 18, 2017) and ending August 31, 2018 and the related statements of comprehensive income, changes in equity and cash flows for such period, including the notes thereto. 

“Auto-Renewal Letter of Credit” has the meaning specified in
Section 2.03(b)(iii). 
 “Available Amount” means, on any date of
determination (the “Reference Date”), an amount (which shall not be less than zero) determined on a cumulative basis equal to the sum of (without duplication): an amount equal to 

(a) $50,000,000 plus 

(b) Net Cash Proceeds from any sale or issuance of Equity Interests of Holdings (excluding Disqualified Stock) to the extent such Net Cash
Proceeds are received by Holdings after the Closing Date (other than any Net Cash Proceeds (w) that are Specified Equity Proceeds, (x) from any Cure Amount, (y) to the extent such Net Cash Proceeds have
been used to build any other basket for the incurrence of Indebtedness or the making of any Investment or Restricted Payment or (z) from the sale of any Equity Interests to any employee, director, officer, manager or consultant of Holdings, any
direct or indirect parent of Holdings and any Subsidiary of Holdings), plus 
 (c) Net Cash Proceeds of Indebtedness and
Disqualified Stock of Holdings, in each case, issued after the Closing Date, which has been exchanged or converted into Equity Interests (excluding Disqualified Stock) of Holdings (other than with respect to any such exchange or conversion involving
the sale or issuance of Equity Interests to any employee, director, officer, manager or consultant of Holdings, any direct or indirect parent of Holdings and any Subsidiary of Holdings), plus 

(d) (x) the cumulative amount of Excess Cash Flow for all fiscal years of Holdings completed after the Closing Date (commencing with the
fiscal year ending on December 31, 2020) and prior to the Reference Date minus 
 (y) the portion of such
Excess Cash Flow that has been (or will be) after the Closing Date and on or prior to the Reference Date required to be offered to prepay the Loans in accordance with Section 2.05(b) (without giving
effect to any dollar-for-dollar reduction in respect of voluntary prepayments of the Loans as therein provided), plus 

(e) to the extent not (A) included in Consolidated Net Income or (B) already reflected as a return of capital with respect to such
Investment for purposes of determining the amount of such Investment, the aggregate amount of all cash dividends and other cash distributions received by Holdings or any Restricted Subsidiary from any Unrestricted Subsidiaries during the period from
and including the Business Day immediately following the Closing Date and prior to the Reference Date in respect of Investments made by Holdings or any Restricted Subsidiary in reliance on the Available Amount, plus 

  
 7 

 (f) to the extent not (A) included in Consolidated Net Income or (B) already
reflected as a return of capital with respect to such Investment for purposes of determining the amount of such Investment, the Investments of Holdings and any Restricted Subsidiary in any Unrestricted Subsidiary that has been re-designated as a Restricted Subsidiary or that has been merged or consolidated with or into Holdings or any Restricted Subsidiary (up to the lesser of (x) the fair market value (as determined in good faith by
Holdings) of the investments of Holdings and any Restricted Subsidiary in such Unrestricted Subsidiary at the time of such re-designation or merger or consolidation and (y) the fair market value (as
determined in good faith by Holdings) of the original investments by Holdings and any Restricted Subsidiary in such Unrestricted Subsidiary) plus 

(g) to the extent not (A) included in Consolidated Net Income, (B) already reflected as a return of capital with respect to such
Investment for purposes of determining the amount of such Investment or (C) required to be applied to prepay the Loans in accordance with Section 2.05(b), the aggregate amount of all Net Cash
Proceeds received by Holdings or any Restricted Subsidiary in connection with the sale, transfer or other Disposition of its ownership interest in any Unrestricted Subsidiary, to the extent that the original Investments in such Unrestricted
Subsidiary were made in reliance on the Available Amount plus 
 (h) the aggregate amount of Retained Declined Proceeds
minus 
 (i) the sum, without duplication, of the aggregate amount of Restricted Payments made pursuant to
Section 8.05(k) after the Closing Date and on or prior to the Reference Date. 
 “Available
 Tenor” means,
 as of any date of determination and with respect to any then-current Benchmark for any currency, as applicable, (x) if
any then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or
(y) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, pursuant to
this Agreement as of such date.  
 “Bail-In Action” means
the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” means (a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the
United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of 

(a) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1.00%, 
 (b) the Prime Rate in effect on such day; 

(c) the Adjusted Eurocurrency Rate determined on such day (or if such day is not a Business Day, the immediately preceding Business Day) for a
Eurocurrency Rate Loan with a one-month Interest Period plus 1.00% and 
 (d) 0.00%. 

“Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

  
 8 

“
Benchmark”
 means, initially,
(i) with respect to amounts denominated in Dollars, US LIBO Rate, (ii) with respect to amounts denominated in Pounds Sterling, SONIA and (iii) with respect to any amounts denominated in EURO, EURIBO Rate; provided that
 if a replacement of an initial or subsequent Benchmark has occurred pursuant to Section 3.03(f), then “Benchmark
” means
 the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to
“Benchmark
” shall
 include, as applicable, the published component used in the calculation thereof.  
 “Benchmark
 Replacement” means,
 for any Available Tenor:  

(1) For purposes of clause
(f)(i) of Section 3.03, the first alternative set forth below that can be determined by the Administrative Agent:
 
 (a)
the sum of: (i) Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s
 duration, 0.26161% (26.161 basis points) for an Available Tenor of three-months’ duration, 0.42826% (42.826 basis points) for an Available Tenor of six-months’ duration
and 0.71513% (71.513 basis points) for an Available Tenor of twelve-months’ duration;
provided,
 that if any Available Tenor of US LIBO Rate does not correspond to an Available Tenor of Term SOFR, the Benchmark Replacement for such Available Tenor of US LIBO Rate shall be the closest corresponding Available Tenor (based on tenor) for Term
SOFR, or and if such Available Tenor of US LIBO Rate corresponds equally to two Available Tenors of Term SOFR, the corresponding tenor of Term SOFR with the shorter duration shall be applied, or 

(b) the sum of:
(i) Daily Simple SOFR and
(ii) the spread adjustment selected or recommended by the Relevant Governmental Body for the replacement of the tenor
of US LIBO Rate with a SOFR-based rate having approximately the same length as the interest payment period specified in clause (f)(i) of
Section 3.03 (which spread adjustment, for the avoidance of doubt, shall be 0.26161% (26.161 basis points)); and
 
 (2)
For purposes of clause (f)(ii) of Section 3.03, the sum of (a) the alternate benchmark rate and
(b) an adjustment (which may be a positive or negative value or zero), in each case, that has been selected by the
Administrative Agent and the Borrower as the replacement for such Available Tenor of such Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations made by the Relevant
Governmental Body, for syndicated credit facilities at such time denominated in the applicable currency in the U.S. syndicated loan market;  

provided
 that, if the Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement
and the other Loan Documents.  

“
Benchmark Replacement Conforming
Changes” means,
 with respect to any Benchmark or Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of
“Base
 Rate,” the
 definition of
“Business
 Day,” the
 definition of
“Interest
 Period,” timing
 and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, the
formula for calculating any successor rates identified pursuant to the definition of “Benchmark
Replacement”,
 the formula, methodology or convention for applying the successor Floor to the successor Benchmark Replacement and other technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the
adoption and implementation of such Benchmark  

  
 9 

 
Replacement and to permit the administration thereof or of any Benchmark by
the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent
determines that no market practice for the administration of such Benchmark or Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of
this Agreement and the other Loan Documents). 

“
Benchmark Transition
Event” means,
 with respect to any then-current Benchmark other than US LIBO Rate, the occurrence of one or more of the following events: a public statement or publication of information by or on behalf of the administrator of any then-current Benchmark, the
regulatory supervisor for the administrator of such Benchmark, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the central bank for the currency applicable to such Benchmark, an insolvency official with
jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for such
Benchmark, announcing or stating that (a) such administrator has ceased or will cease on a specified date to provide
all Available Tenors of such Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark or
(b) all Available Tenors of such Benchmark are or will no longer be representative and that representativeness will not
be restored. 
 “Beneficial Ownership Certification” means a certification regarding beneficial
ownership required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R.
§ 1010.230. 
 “Benefit Plan” means any of 

(a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, 

(b) a “plan” as defined in and subject to Section 4975 of the Code or 

(c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or
Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “BHC Act
Affiliate” has the meaning specified in Section 11.25(b). 

“Borrower Equity Contribution” means a contribution by Holdings to the capital of the Initial Borrower in an amount
not less than $1,250,000,000. 
 “Borrower Materials” has the meaning specified in
Section 7.02. 
 “Borrowers” means the Initial Borrower and each
Additional Borrower (and each, a “Borrower”). 
 “Borrowing” means each of a Term Loan
Borrowing or a Revolving Credit Borrowing, as the context may require. 

  
 10 

 “Business Companies Act” means the BVI Business Companies Act 2004,
as amended. 
 “Business Day” means 

(a) any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact
closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurocurrency Rate Loan, on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurocurrency market
and 
 (b) (i) when such term is used for the purposes of determining the date on which the Eurocurrency Rate is determined for any Term
Loan denominated in Euros or Pounds Sterling for any Interest Period therefor and for purposes of determining the first and last day of any Interest Period, a Target Operating Day or a day of the year on which banks are not required or authorized to
close in New York; and 
 (ii) for notices, determinations, fundings and payments in connection with any Term Loan
denominated in Euros or Pounds Sterling, a Target Operating Day or a day of the year on which banks are not required or authorized to close in New York. and 

(c) if such day
relates to any interest rate settings as to an RFR Loan, any fundings, disbursements, settlements and payments in respect of any such RFR Loan, or any other dealings to be carried out pursuant to this Agreement in respect of any such RFR Loan, means
a day that is an RFR Business Day. 
 “BVI Debenture” means the BVI Debenture, dated as of the
Closing Date, executed by Holdings and the Administrative Agent for the benefit of the holders of the Obligations, as may be further amended or modified from time to time in accordance with the terms hereof. 

“Canadian Defined Benefit Pension Plan” means a Canadian Pension Plan that contains a “defined benefit
provision” as that term is defined in subsection 147.1(1) of the Income Tax Act (Canada), other than a multi-employer Canadian Pension Plan. 

“Canadian IP Security Agreement” means each Canadian Patent Security Agreement, Canadian Trademark Security Agreement
and Canadian Copyright Security Agreement to be executed and delivered by a Loan Party, substantially in the form of Exhibits A, B and C to the Canadian Pledge and Security Agreement, respectively, or such
other form approved by the Administrative Agent. 
 “Canadian Loan Parties” means any Loan Party (as defined herein)
incorporated or otherwise organized under the laws of Canada or any province or territory thereof. 
 “Canadian Pension
Plan” means a “registered pension plan”, as that term is defined in subsection 248(1) of the Income Tax Act (Canada), which is sponsored, administered or contributed to, or required to be contributed to by, any primary obligor
or under which any primary obligor has any liability. 
 “Canadian Pledge and Security Agreement” means the Canadian
Pledge and Security Agreement, dated as of the Closing Date, executed by each of the Canadian Loan Parties and the Administrative Agent for the benefit of the holders of the Obligations, as may be further amended or modified from time to time in
accordance with the terms hereof. 
 “Canadian Subsidiary” means any Restricted Subsidiary that is organized under
the laws of Canada or any political subdivision thereof. 

  
 11 

 “Capital Expenditures” means, for any period, with respect to any
Person, without duplication 
 (a) the net additions to property, plant and equipment and other capital expenditures of such Person and its
consolidated subsidiaries that are (or should be) set forth in a consolidated statement of cash flows of such Person for such period prepared in accordance with GAAP and 

(b) capital lease obligations incurred by such Person and its consolidated subsidiaries during such period. 

“
Captive Insurance
Subsidiary”
means a Subsidiary established by Holdings, Borrower or any of their particular Subsidiaries for the sole purpose of
insuring the business, facilities and/or employees of Holdings and/or any Subsidiary of Holdings. 
 “Cash
Collateralize” has the meaning specified in Section 2.03(g). 
 “Cash
Equivalents” means any of the following types of Investments, to the extent owned by Holdings or any Restricted Subsidiary free and clear of all Liens: 

(a) (i) readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or
instrumentality thereof having maturities of not more than 360 days from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support thereof; 

(ii) securities issued by any state or municipality within the United States of America (or, in the case of securities arising
from student loans, approved by any such state or municipality) that are rated “A-2” or better by S&P or “P-2” or better by Moody’s or the
equivalent rating from any other nationally recognized rating agency; and 
 (iii) securities issued or fully guaranteed or
insured by any Approved Member State, or an agency or instrumentality thereof (provided, that the full faith and credit of the applicable Approved Member State is pledged in support of those securities) and having maturities of not
more than one year; 
 (b) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that

 (i) (A) is a Lender or (B) is organized under the laws of the United States of America, any state thereof or the
District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, 

(ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) of this
definition and 
 (iii) has combined capital and surplus of at least $250,000,000, in each case with maturities of not more
than one year from the date of acquisition thereof; 
 (c) commercial paper issued by any Person organized under the laws of any state of
the United States of America and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then
equivalent grade) by S&P, in each case with maturities of not more than 270 days from the date of acquisition thereof; and 

  
 12 

(d) solely with
respect to any Captive Insurance Subsidiary, any investment that a Captive Insurance Subsidiary is not prohibited to make in accordance with applicable law; and 

(e)
(d)
Investments classified in accordance with GAAP as Current Assets of Holdings or any Restricted Subsidiary, in money market investment programs registered under the Investment
Company Act of 1940, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and the portfolios of which are limited solely to Investments of the character, quality and maturity
described in clauses (a), (b) and (c) of this definition. 
 “Change
of Control” means, an event or series of events by which: 
 (a) a “person” or “group” (as such terms are
used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding (x) any employee benefit plan of such Person or its subsidiaries, and any Person or entity acting in its capacity as trustee, agent or other fiduciary or
administrator of any such plan and (y) Martin E. Franklin and/or his Affiliates) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under
the Securities Exchange Act of 1934, as amended, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the fully vested right to acquire, whether such right is
exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 50% of the equity securities of Holdings entitled to vote for members of the board of directors or
equivalent governing body of such Person on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); 

(b) any Borrower (other than Holdings, if a Borrower) shall cease to be a Wholly-Owned Restricted Subsidiary or if any Subsidiary of Holdings
that directly or indirectly owns any portion of the Equity Interests of any Borrower shall cease to be a Guarantor; 
 (c) APi shall cease to
be a Wholly-Owned Restricted Subsidiary unless all Equity Interests not owned directly or indirectly by Holdings are owned by passive holding companies; or 

(d) any change of control (or similar event, however denominated) with respect to Holdings or any Restricted Subsidiary shall occur under any
indenture or agreement to which Holdings or any Restricted Subsidiary is a party, the effect of which is to cause Indebtedness having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all
creditors under any combined or syndicated credit arrangement) in excess of the Threshold Amount after taking into account any amount paid or payable under Section 2.05(b) to (i) be demanded or to
become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise) prior to its stated maturity date, or (ii) become subject to the requirement that Holdings or any Restricted Subsidiary make an offer to repurchase,
prepay, defease or redeem such Indebtedness prior to its stated maturity date. 

“
Chubb Acquisition
Agreement” means
 the Stock Purchase Agreement, dated July 26, 2021, among Holdings, as the purchaser, Carrier Global Corporation, Chubb
Limited and Carrier Investments UK Limited, as amended or modified by the parties thereto from time to time.  
 “Chubb
 Group
Acquisition” means
the acquisition of Chubb Limited and its subsidiaries by Holdings from Carrier Investments UK Limited pursuant to the Chubb Acquisition Agreement. 

“
Chubb UK
Plans” means
 the Chubb Security Pension Fund and the Chubb Pension Plan. 

  
 13 

 “Class”, when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, are Revolving Credit Loans or Term Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Credit Commitment or Term Loan Commitment. 

“Closing Date” means October 1, 2019. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time (unless as specifically provided
otherwise). 
 “Collateral” means all of the “Collateral” or “Pledged
Collateral” referred to in the Collateral Documents, the Mortgaged Property and all of the other property and assets that are or are intended under the terms of the Collateral Documents to be subject to Liens in favor of the Collateral
Agent for the benefit of the Secured Parties. 
 “Collateral Agent” has the meaning specified in the preamble
hereto. 
 “Collateral Documents” means, collectively, the Pledge and Security Agreement, the Canadian Pledge and
Security Agreements, the BVI Debenture, the Mortgages, the Intellectual Property Security Agreements, the Canadian IP Security Agreements, or other similar agreements delivered to the Collateral Agent and the Lenders pursuant to
Section 7.12, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Collateral Agent for the benefit of any Secured Party. 

“Commitment” means, with respect to any Lender, such Lender’s Revolving Credit Commitment and Term Loan
Commitment. 
 “Commitment Fee” has the meaning specified in
Section 2.09(a). 
 “Committed Loan Notice” means a notice of
(a) a Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be
substantially in the form of Exhibit B or such other form approved by the Administrative Agent. 
 “Committed
Warrant Exchange and Rollover” means 
 (i) the exercise of certain warrants of the Warrant Exchange Parties (as defined in the
APi Acquisition Agreement) in exchange for at least $119,500,000 in cash proceeds and 
 (ii) the exchange of the Aggregate Share
Consideration (as defined in the APi Acquisition Agreement) in accordance with the APi Acquisition Agreement for all the equity interests in APi of the Continuing Shareholders (as defined in the APi Acquisition Agreement). 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time,
and any successor statute. 
 “Compliance Certificate” means a certificate substantially in the form of
Exhibit C or such other form approved by the Administrative Agent and acceptable to Holdings. 
 “Consolidated
EBITDA” means, for any period, Consolidated Net Income for such period plus 

  
 14 

 (a) without duplication and to the extent deducted in determining such Consolidated Net
Income, the sum of 
 (i) Consolidated Interest Charges for such period, 

(ii) consolidated income tax expense for such period (including any franchise taxes imposed in lieu of income taxes and any
income taxes that would be payable if the entity were to become a taxable entity for purposes of federal, state or local income taxes), 

(iii) all amounts attributable to depreciation and amortization for such period (including those related to any Receivables
Facility), 
 (iv) any non-cash charges, expenses or losses (including, but not
limited to, non-cash rent expense, impairment of goodwill or other intangible assets and exchange rate losses) of Holdings or any Restricted Subsidiary for such period (excluding any such charge, expense or
loss incurred that constitutes an accrual of or a reserve for cash charges for any future period or an amortization of a prepaid cash expense paid in a prior period or writeoff or writedown of reserves with respect to current assets);
provided, however, that cash payments made in such period or in any future period in respect of such non-cash items (excluding any non-cash
items to the extent representing an accrual for a future cash expenditure) shall be subtracted from Consolidated Net Income in calculating Consolidated EBITDA in the period when such payments are made, 

(v) any extraordinary, unusual, or non-recurring cash charges or expenses for such
period (including business optimization expenses, restructuring charges, integration, acquisition and disposition (or potential acquisition or disposition) related costs (whether incurred prior to, or after, the consummation of any such
acquisition)) and severance, retention bonuses, separation payments or other similar one time compensation payments made to employees of Holdings or any Restricted Subsidiary or made in connection with a Permitted Acquisition, 

(vi) deferred compensation, stock-option or employee benefits-based and other equity-based compensation expenses for such
period, 
 (vii) transaction fees and expenses in connection with the Transactions for such period, 

(viii) transaction fees, costs and expenses during such period in connection with any investment (including any Permitted
Acquisition), Disposition, recapitalization or issuance of Equity Interests and incurrence of Indebtedness or similar transactions, in each case, to the extent permitted under this Agreement and whether or not such investment, Disposition,
recapitalization, issuance of Equity Interests or Indebtedness or acquisition shall have been consummated, 
 (ix) losses or
price adjustments to the extent reimbursable by third parties in connection with any Permitted Acquisition, as determined in good faith by Holdings, for such period; provided, however, that if the Administrative Agent,
acting reasonably, determines in such period or the immediately succeeding period that such losses or price adjustments, or any portion thereof (which, in each case, were included in Consolidated EBITDA in such period or such immediately preceding
period pursuant to this clause (ix)), are no longer reimbursable or are not likely to be reimbursed, then such losses, or any portion thereof, shall be subtracted from Consolidated Net Income in calculating Consolidated EBITDA in each
such applicable period, 

  
 15 

 (x) unrealized losses in respect of Obligations under Swap Contracts during
such period, 
 (xi) any loss or expense during such period from a disposition or discontinued operations or any loss or
expense incurred in connection with the disposal of a business or product line, whether or not treated as discontinued operations in accordance with GAAP (or if not in accordance with GAAP as otherwise reasonably acceptable to the Administrative
Agent) and whether or not such disposition or discontinuance shall have been consummated or completed, 
 (xii) fees paid
during such period in accordance with the Advisory Agreement as in effect on the Closing Date, 
 (xiii) non-cash charges or amounts recorded in connection with purchase accounting for such period (including any applicable to future Permitted Acquisitions), 

(xiv) non-cash purchase accounting adjustments during such period relating to the
writedown of deferred revenue (whether billed or unbilled) that are the result of accounting for any acquisition, 
 (xv)
fees, costs and expenses incurred under this Agreement for such period, 
 (xvi) the cumulative effect of a change in
accounting principles for such period and to the extent permitted by Section 1.03(b), 

(xvii) expenses during such period in connection with the settlement of any litigation or claim involving Holdings or any
Restricted Subsidiary, 
 (xviii) debt discount and debt issuance costs, fees, charges, commissions or other related or
similar costs during such period, in each case incurred in connection with Indebtedness permitted to be incurred hereunder (whether or not such Indebtedness has been incurred), 

(xix) the amount of net cost savings, operating expense reductions, other operating improvements or initiatives and acquisition
synergies projected by the Borrowers in good faith to be realized during such period (calculated on a Pro Forma Basis as though such items had been realized on the first day of such period) as a result of actions taken or to be taken in connection
with any established cost reduction program, restructuring, acquisition, operation change, initiative or disposition by Holdings or any Restricted Subsidiary, net of the amount of actual benefits realized during such period that are
otherwise included in the calculation of Consolidated EBITDA from such actions, provided that 
 (A) a duly
completed certificate signed by a Responsible Officer of the Borrowers shall be delivered to the Administrative Agent together with the Compliance Certificate required to be delivered pursuant to
Section 7.02(a), certifying that 
 (x) such cost savings, operating
expense reductions and synergies are reasonably expected and factually supportable as determined in good faith by Holdings, and 

(y) such actions are to be taken within 24 months after the consummation or initiation, as the case may be, of the
relevant action, which is expected to result in such cost savings, expense reductions or synergies, 

  
 16 

 (B) no cost savings, operating expense reductions and synergies shall be
added pursuant to this clause (xix) to the extent duplicative of any expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period, 

(C) projected amounts (and not yet realized) may no longer be added in calculating Consolidated EBITDA pursuant to this
clause (xix) to the extent occurring more than eight full fiscal quarters after the specified action taken in order to realize such projected cost savings, operating expense reductions and synergies and 

(D) the aggregate amount of add backs made pursuant to this clause (xix) shall not exceed an amount equal to
20% of Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended prior to the determination date (without giving effect to any adjustments pursuant to this clause (xix)), 

(xx) the amount of any expense related to minority interests, 

(xxi) any loss resulting from the payment of earn-out obligations, and 

(xxii) any non-cash expenses or charges recorded in accordance with GAAP relating to
currency valuation of foreign denominated debt, and any non-cash expenses or charges recorded in accordance with GAAP relating to equity interests issued to
non-employees in exchange for services provided in connection with any acquisition or business arrangement (in each case, including any such transaction undertaken but not completed) minus 

(b) without duplication 

(i) to the extent included in determining such Consolidated Net Income, any extraordinary, unusual, or non-recurring gains or income and all non-cash items of income or gains for such period, all determined on a consolidated basis in accordance with GAAP, 

(ii) unrealized gains in respect of Obligations under Swap Contracts and 

(iii) any gains resulting from the payment of earn-out obligations; 

provided that solely for purposes of calculating the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio, the Total Net
Leverage Ratio and the Fixed Charge Coverage Ratio for any period 
 (A) the Consolidated EBITDA of any Acquired Entity acquired by Holdings
or any Restricted Subsidiary pursuant to a Permitted Acquisition during such period shall be included on a Pro Forma Basis for such period (assuming the consummation of such acquisition and the incurrence or assumption of any Indebtedness in
connection therewith occurred as of the first day of such period) and 
 (B) the Consolidated EBITDA of any Person or line of business sold
or otherwise disposed of by Holdings or any Restricted Subsidiary during such period shall be excluded for such period (assuming the consummation of such sale or other disposition and the repayment of any Indebtedness in connection therewith
occurred as of the first day of such period). 
 “Consolidated First Lien Indebtedness” means Consolidated
Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of Holdings or any Restricted Subsidiary. 

  
 17 

 “Consolidated Indebtedness” means, at any time, the aggregate amount
of Indebtedness of Holdings and the Restricted Subsidiaries outstanding at such time, in the amount that would be reflected on a balance sheet prepared at such time on a consolidated basis in accordance with GAAP. 

“Consolidated Interest Charges” means, for any period, the sum of, without duplication, 

(a) the interest expense (including imputed interest expense in respect of capital lease obligations and Synthetic Lease Obligations) of
Holdings and the Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP (including, for the avoidance of doubt, 

(i) any amounts of premium or penalty payable in connection with the payment of make-whole amounts or other prepayment premiums
payable in connection with any Indebtedness of Holdings or any Restricted Subsidiary, and 
 (ii) all commissions, discounts
and other fees and charges owed in respect of interest rates to the extent such net costs are allocable to such period in accordance with GAAP) plus 

(b) any interest accrued during such period in respect of Indebtedness of Holdings or any Restricted Subsidiary that is required to be
capitalized rather than included in consolidated interest expense for such period in accordance with GAAP and minus  

(c) any consolidated interest income of such Persons for such period, in each case as recorded by Holdings pursuant to GAAP. For purposes of
the foregoing, interest expense shall be determined after giving effect to any net payments made or received by Holdings or any Restricted Subsidiary with respect to interest rate Swap Contracts. 

“Consolidated Net Income” means, for any period, for Holdings and the Restricted Subsidiaries on a consolidated basis,
the net income (including, without duplication, interest income but excluding extraordinary gains and extraordinary losses, including such extraordinary items set forth in the definition of Consolidated EBITDA) of Holdings and the Restricted
Subsidiaries for such period determined before any reduction in respect of preferred stock dividends; provided that there shall be excluded 

(a) the income or loss of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with
Holdings or any Restricted Subsidiary or the date that such Person’s assets are acquired by Holdings or any Restricted Subsidiary; provided, however, that such income or loss of such Person shall be included for such
period to the extent Consolidated Net Income and Consolidated EBITDA are being calculated on a Pro Forma Basis in accordance with this Agreement, 

(b) the income of any Person (other than a Restricted Subsidiary) in which any other Person (other than a Wholly-Owned Restricted Subsidiary
or any director holding qualifying shares in accordance with applicable law) has an interest, except to the extent of the amount of dividends or other distributions actually paid to a Wholly-Owned Restricted Subsidiary by such Person during such
period, and 
 (c) any net unrealized gain or loss (after any offset) resulting in such period from obligations in respect of Swap Contracts
or other derivative instruments and the application of Statement of Financial Accounting Standards No. 133. 

  
 18 

 For the avoidance of doubt, cash amounts used by Holdings or its Subsidiaries to make
purchases of debt (including, without limitation, purchases of Term Loans) shall not reduce Consolidated Net Income, nor will any non-cash gain associated with the cancellation of such purchased debt increase
Consolidated Net Income. 
 “Consolidated Senior Secured Debt” means, as at any date of determination, the aggregate
principal amount of Consolidated Indebtedness outstanding on such date that is secured by a Lien (other than Permitted Liens) on assets of Holdings or any Restricted Subsidiary. 

“Consolidated Total Assets” means, as of any date, the total assets of Holdings and the Restricted Subsidiaries,
determined in accordance with GAAP, as set forth on the consolidated balance sheet of Holdings as of such date. 
 “Contractual
Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Contribution Notice” means a contribution notice issued by the UK Pensions Regulator under section 38 or section 47
of the UK Pensions Act 2004. 

“Covered Entity” has the meaning specified in Section 11.25(b). 

“Covered Party” has the meaning specified in Section 11.25(a).

 “Credit Agreement Refinancing Indebtedness” means (a) Permitted Equal Priority Refinancing Debt,
(b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt; provided that, in each case, such Indebtedness is incurred to refinance, in whole or in part, existing Term Loans
(“Refinanced Debt”); provided, further, that 
 (i) the final maturity
date of any such Indebtedness, (x) in the case of any Permitted Equal Priority Refinancing Debt, shall be no earlier than the maturity date of the Refinanced Debt and (y) in the case of any Permitted Junior Priority Refinancing Debt and/or
any Permitted Unsecured Refinancing Debt, shall be at least 91 days beyond the final maturity date for the Refinanced Debt, 

(ii) the weighted average life to maturity of any such Indebtedness shall be no shorter than the weighted average life to
maturity of the Refinanced Debt, 
 (iii) the borrower under such Indebtedness shall be a borrower under the Refinanced Debt
and there shall be no obligors in respect of any such Indebtedness that are not Loan Parties and, to the extent such obligors are organized in jurisdictions other than the United States or Canada, the holders of such Indebtedness (or their
representative) and the Administrative Agent and/or Collateral Agent shall become parties to a Customary European Intercreditor Agreement, 

(iv) the covenants, events of default and other terms and conditions of such Indebtedness (excluding, for the avoidance of
doubt, interest rates, margins and floors, fees, funding discounts, original issue discounts and prepayment or redemption premiums and terms) are, when taken as a whole, substantially identical in all material respects to, or less favorable to the
persons providing any such Indebtedness than, those applicable to the Refinanced Debt (other than covenants, events of default and other terms and conditions applicable only to periods after the Latest Maturity Date or added for the benefit of the
Secured Parties hereunder), 

  
 19 

 (v) except to the extent otherwise permitted under this Agreement (subject
to a dollar-for-dollar usage of any other basket set forth in Section 8.02, if applicable), such Indebtedness shall not
have a greater principal amount (or shall not have a greater accreted value, if applicable) than the principal amount of the Refinanced Debt plus accrued interest, fees and premiums (if any) thereon and fees and expenses associated with the
refinancing and 
 (vi) such Refinanced Debt shall be repaid, defeased or satisfied and discharged on a dollar-for-dollar basis, and all accrued interest, fees and premiums (if any) in connection therewith which shall also be paid, substantially concurrently with the date such
Credit Agreement Refinancing Indebtedness is issued, incurred or obtained (but excluding any non-material fees, charges, expenses or reimbursements, which may be paid when due prior to or after such date), in
each case, in accordance with this Agreement. 
 “Credit Extension” means each of the following: (a) a
Borrowing and (b) an L/C Credit Extension. 
 “Cure Amount” shall have the meaning assigned to such term in
Section 8.10(b). 
 “Cure Right” shall have the meaning assigned to
such term in Section 8.10(b). 
 “Current Assets” means, at any time,
the consolidated current assets (other than (i) cash and Cash Equivalents and (ii) the current portion of current and deferred Taxes) of Holdings and the Restricted Subsidiaries in accordance with GAAP. 

“Current Liabilities” means, at any time, the consolidated current liabilities of Holdings and the Restricted
Subsidiaries at such time in accordance with GAAP, but excluding, without duplication, (a) the current portion of any long-term Indebtedness and any accrued interest thereon (other than interest expense
that is past due and unpaid), (b) outstanding Revolving Credit Loans and any accrued interest thereon (other than interest expense that is past due and unpaid) and (c) the current portion of current and deferred Taxes. 

“Customary European Intercreditor Agreement” means a Customary Intercreditor Agreement (which may relate to secured or unsecured debt) that contains customary “European-style” intercreditor provisions, including the Unsecured Intercreditor Agreement. 

“Customary Intercreditor Agreement” means 

(a) in connection with the incurrence of Indebtedness intended to be secured by Liens (other than Permitted Liens) on the Collateral ranking
equal in priority to the Liens on the Collateral securing the Obligations (but without regard to the control of remedies), at the option of Holdings and the Administrative Agent acting together in good faith, a customary intercreditor agreement, in
form and substance reasonably acceptable to the Administrative Agent and Holdings, which agreement shall, to the extent possible under applicable laws, provide that the Liens on the Collateral securing such Indebtedness shall rank equal in priority
to the Liens on the Collateral securing the Obligations (but without regard to the control of remedies) and 

  
 20 

 (b) in connection with the incurrence of Indebtedness secured by Liens (other than Permitted
Liens) on the Collateral ranking junior to the Liens on the Collateral securing the Obligations, at the option of Holdings and the Administrative Agent acting together in good faith, a customary intercreditor agreement, in form and substance
reasonably acceptable to the Administrative Agent and the Borrowers, which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank junior to the Liens on the Collateral securing the Obligations; 

provided, to the extent a Loan Party that is not organized in the United States or Canada is an obligor with respect to Indebtedness subject to
such Customary Intercreditor Agreement, such Customary Intercreditor Agreement shall be a Customary European Intercreditor Agreement. 
 “Daily
 Simple
RFR” means,
for any day (an
“RFR
 Rate
Day”),
a rate per annum equal to, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, Sterling, the greater of
(i) SONIA for the day (such day
“Day
 i”)
 that is 5 RFR Business Days prior to (A) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or
(B) if such RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Rate Day, in
each case, as such SONIA is published by the SONIA Administrator on the SONIA Administrator’s Website, plus the SONIA Adjustment and
(ii) zero. If by 5:00 pm (local time for the applicable RFR) on the second (2nd) RFR Business Day immediately following
any Day
i, the RFR in respect of such
Day
i has not been published on the applicable RFR Administrator’s Website
and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has not occurred, then the RFR for such
Day
i will be the RFR as published in respect of the first preceding RFR Business Day for which such RFR was
published on the RFR
Administrator’s
 Website; provided that any RFR determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple RFR for no more than three
(3) consecutive RFR Rate Days. Any change in Daily Simple RFR due to a change in the applicable RFR shall be effective
from and including the effective date of such change in the RFR without notice to the Borrower. 
 “Daily
 Simple
SOFR” means,
 for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate recommended by the Relevant Governmental Body for determining
“Daily
 Simple
SOFR” for
 syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable
discretion. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States, Canada or other applicable jurisdictions from
time to time in effect and affecting the rights of creditors generally (including, without limitation, in the case of Canada only the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and
the provisions of any applicable corporations legislation pursuant to which proceedings seeking a compromise or arrangement of, or stay of proceedings to enforce, some or all of the debts of any Person subject to such legislation may be instituted).

 “Default” means any event or condition that constitutes an Event of Default or that, with the giving of any
notice, the passage of time, or both, would be an Event of Default. 
 “Default Rate” means an interest rate equal
to 
 (a) the Base Rate plus 

(b) the Applicable Rate applicable to Base Rate Loans plus 

(c) 2.0% per annum; 

  
 21 

 provided, however, that with respect to a Eurocurrency Rate Loan, the Default
Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2.0% per annum, in each case to the fullest extent permitted by applicable Laws. 

“Default Right” has the meaning specified in Section 11.25(b). 

“Defaulting Lender” means, subject to Section 2.15(b), any Lender that

 (a) has failed to 

(i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder
unless such Lender notifies the Administrative Agent and Holdings in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent,
together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or 
 (ii)
pay to the Administrative Agent, any L/C Issuer or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date when due, 

(b) has notified Holdings, the Administrative Agent or any L/C Issuer in writing that it does not intend to comply with its funding
obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith
determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), 

(c) has failed, within three Business Days after written request by the Administrative Agent or Holdings, to confirm in writing to the
Administrative Agent and Holdings that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon
receipt of such written confirmation by the Administrative Agent and Holdings), or 
 (d) has, or has a direct or indirect parent company
that has, 
 (i) become the subject of a proceeding under any Debtor Relief Law or any applicable bankruptcy law, 

(ii) had appointed for it a receiver, receiver and manager, interim receiver, manager, monitor, custodian, conservator,
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory
authority acting in such a capacity or 
 (iii) become the subject of a Bail-in
Action; 

  
 22 

 provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or
acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts
within the United States or Canada or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such
Lender. 
 Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses
(a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.15(b))
upon delivery of written notice of such determination to Holdings, each L/C Issuer and each Lender. 
 “Defaulting Revolving
Credit Lender” shall have the meaning assigned to such term in Section 2.15(a)(iv)(C). 

“
Designated Pari Passu
Facility” means
 ordinary course local lines of credit, letters of credit and letter of credit facilities, bank guarantees and bank guarantee facilities, working capital lines and similar extensions of credit of or to Foreign Subsidiaries designated pursuant to a
Designated Pari Passu Facility Notice not in excess of the relevant Designated Pari Passu Facility Cap. The Designated Pari Passu Facility Cap for any Designated Pari Passu Facility shall not exceed the amount of Indebtedness the Borrower would be
permitted to incur pursuant to Section 2.14(a)(x) or clause (i)(D)(x)(1) of Section 8.02(p) at the time of such designation (or update) and shall reduce the amount of Indebtedness permitted pursuant to such clauses on a
dollar for dollar basis for so long as such Designated Pari Passu Facility Cap remains in effect for such Designated Pari Passu Facility. For the avoidance of doubt, the Borrower and the relevant Lender Counterparty shall be permitted to terminate
any Designated Pari Passu Facility pursuant to an updated Designated Pari Passu Facility Notice. 
 “Designated
 Pari Passu Facility
Cap” means
the aggregate principal amount of any Designated Pari Passu Facility or the aggregate amount of credit available under such Designated Pari Passu Facility (or the combination thereof), which shall not to exceed the amount set forth in the relevant
Designated Pari Passu Facility Notice (which may be adjusted from time to time pursuant to an update to such Designated Pari Passu Facility Notice). 

“
Designated Pari Passu Facility
Notice” means
 a notice substantially in the form of Exhibit I delivered by the Borrower and the relevant Designated Pari Passu Facility Provider in connection with the designation of a Designated Pari Passu Facility and the Designated Pari Passu Facility Cap
applicable to such Designated Pari Passu Facility. 

“
Designated Pari Passu
Provider” means
 any Person that is a counterparty to a Designated Pari Passu Facility. 
 “Designation Date” has the
meaning set forth in Section 2.16(e). 
 “Disclosed Litigation” has
the meaning set forth in Section 6.06. 
 “Disposition”,
“Dispose” or “Disposed” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including any sale, assignment,
transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

  
 23 

 “Disqualified Institution” shall mean, 

(a) any Person agreed by Holdings and the Administrative Agent to be a “Disqualified Institution” on or prior to September 2,
2019, 
 (b) any Person that is a competitor of Holdings or any of its Subsidiaries, which Person has been designated by Holdings as a
“Disqualified Institution” after the Closing Date by written notice to the Administrative Agent not less than five Business Days prior to the effective date of such designation and 

(c) any Affiliate of any Person referred to in clause (a) or (b) above that is identified by Holdings in
writing to the Administrative Agent from time to time (not less than five Business Days prior to the effective date of such Person’s designation as a “Disqualified Institution”) or that is readily identifiable solely on the basis of
the similarity of such Affiliate’s name (other than, in the case of an Affiliate of any “competitor”, any Person or investment vehicle that is engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds
and similar extensions of credit in the ordinary course of business which is managed, sponsored or advised by a Person controlling, controlled by or under common control with such competitor and for which no personnel involved with the management of
such competitor 
 (i) makes any investment decisions or 

(ii) has access to any information (other than information that is publicly available) relating to the Loan Parties or any
entity that forms a part of the Loan Parties’ business (including their Subsidiaries)); 
 provided that 

(x) “Disqualified Institutions” shall exclude any Person that Holdings has designated as no longer being a “Disqualified
Institution” by written notice delivered to the Administrative Agent from time to time and 
 (y) the identification of any Person as a
Disqualified Institution after the Trade Date shall not apply to retroactively disqualify any Person that has previously acquired an assignment or participation interest in the Loans if such Person was not a Disqualified Institution on the Trade
Date. 
 “Disqualified Stock” means, with respect to any Person, any Equity Interest that, by its terms (or by the
terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder of the Equity Interest), or upon the happening of any event (other than (i) any event solely within the control of the issuer
thereof,
(ii) a change of control or (iii) the common stock or other capital stock of Holdings ceasing to be listed for trading on a national securities exchange or ceasing to be
traded in contemplation thereof), matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of the Equity Interest, in whole or in part, on or prior to the date
that is 91 days after the Latest Maturity Date; provided, however, that 
 (a) only the portion of the
Equity Interest that so mature or are mandatorily redeemable, are so convertible or exchangeable, so accrue dividends, or are so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; 

(b) if such Equity Interests are issued to any employee or to any plan for the benefit of employees of Holdings or any Restricted Subsidiary
or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Stock solely because they may be required to be repurchased by Holdings in order to satisfy applicable statutory or regulatory obligations or as a result
of such employee’s termination, death or disability; and 

  
 24 

 (c) any class of Equity Interests in such person that by its terms authorizes such person to
satisfy its obligations thereunder by delivery of Equity Interests that are not Disqualified Stock shall not be deemed to be Disqualified Stock. 

Notwithstanding the preceding sentence, any Equity Interest that would constitute Disqualified Stock solely because the holders of the Equity Interest have
the right to require Holdings to repurchase such Equity Interest upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if the terms of such Equity Interest provide that Holdings may not repurchase or
redeem any such Equity Interest pursuant to such provisions unless such repurchase or redemption complies with Section 8.05. 

“Distribution Amount” has the meaning set forth in Section 8.05(a).

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

“Dollar Equivalent” means, on the applicable Valuation Date, (a) with respect to any amount denominated in
Dollars, such amount and (b) with respect to any amount denominated in an Alternative Currency, the equivalent in Dollars of such amount, determined by the Administrative Agent pursuant to
Section 1.08 using the applicable Exchange Rate with respect to such Alternative Currency at the time in effect on the Valuation Date under the provisions of such
Section 1.08. 
 “Dutch Auction” means an auction conducted by
Holdings or any Restricted Subsidiary in order to purchase Term Loans of any Tranche in accordance with the procedures as may be agreed to between the Administrative Agent and Holdings. 

“
Early Opt-in Effective Date” means,
with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the
Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of
objection to such Early Opt-in Election from Lenders comprising the Required Lenders. 

“
Early Opt-in Election” means ,
if the then-current Benchmark is an Eurocurrency Rate, the occurrence of the following: (1) a notification by the
Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities in the U.S. syndicated loan
market at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term
SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and  

(2) in each case, the
joint election by the Administrative Agent and the Borrower to trigger a fallback from the applicable Eurocurrency Rate and the provision by the Administrative Agent of written notice of such election to the Lenders.  

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member
Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial
institution established in an EEA Member Country which is a subsidiary of an institution described in clause (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

  
 25 

 “EEA Member Country” means any of the member states of the European
Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority
or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee” has the meaning set forth in Section 11.06(g). 

“EMU” means Economic and Monetary Union as contemplated in the Treaty on European Union. 

“EMU Legislation” means the legislative measures of the European Union for the introduction of, changeover to or
operation of the Euro in one or more member states, being in part legislative measures to implement EMU. 
 “Environmental
Claim” means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive, by any Governmental Authority or any other Person, arising (i) pursuant to or in
connection with any actual or alleged violation of any Environmental Law, (ii) in connection with any Environmental Liability, or (iii) in connection with any actual or alleged damage, injury, threat or harm to natural resources or the
environment. 
 “Environmental Laws” means any and all Laws, judgments, orders, decrees, permits, concessions,
grants, franchises, agreements or governmental restrictions relating to pollution, the protection of human health or the environment, or the Release of any Hazardous Materials into the environment, including those related to hazardous materials,
substances or wastes (including the exposure thereto), air emissions and discharges to waste or public systems. 
 “Environmental
Liability” means any liability (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities) of any Loan Party or any Restricted Subsidiary directly or indirectly resulting from or based upon

 (a) any non-compliance with, or liability pursuant to, any Environmental Law, 

(b) the generation, use, handling, transportation, storage, treatment, disposal or presence of any Hazardous Materials, 

(c) exposure to any Hazardous Materials, 

(d) the Release or threatened Release of any Hazardous Materials or 

(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed, retained or imposed with respect to any of
the foregoing. 
 “Environmental Permit” means any permit, approval, registration, identification number, license or
other authorization required under any Environmental Law. 

  
 26 

 “Equity Interests” means, with respect to any Person, all of the
shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests
in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such
shares (or such other interests), and all of the other ownership or profit interests in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares,
warrants, options, rights or other interests are outstanding on any date of determination. 
 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor thereto, and the rules and regulations promulgated thereunder. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) which, together with any Borrower is
treated as a single employer under Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code or Section 302 of ERISA) or Section 4001 of
ERISA. 
 “ERISA Event” means 

(a) a Reportable Event with respect to a Pension Plan; 

(b) a withdrawal by any Borrower or any ERISA Affiliate from a Pension Plan during a plan year in which it was a “substantial
employer” (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; 

(c) a complete or partial withdrawal by any Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer
Plan is in “insolvency” (within the meaning of Section 4245 of ERISA), or “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA); 

(d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Section 4041 or 4041A of
ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; 
 (e) an event or condition which
constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; 

(f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of
ERISA, upon any Borrower or any ERISA Affiliate; 
 (g) the failure to meet the minimum funding standard of Section 412 or 430 of the
Code or Section 302 or 303 of ERISA with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Code or Section 302(c) of ERISA) or the failure to make by its due date a required installment under
Section 430(j) of the Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; 

(h) a determination that any Pension Plan is, or is expected to be in “at-risk” status (as
defined in Section 303(i) of ERISA or Section 430(i) of the Code); 

  
 27 

 (i) the assertion of a material claim (other than routine individual claims for benefits)
against any Plan other than a Multiemployer Plan or the assets thereof, or against any Loan Party or any of their respective ERISA Affiliates in connection with any Plan; 

(j) receipt from the IRS of notice of the failure of any Pension Plan (or any other Plan intended to be qualified under Section 401(a) of
the Code) to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the Code; 

(k) any other event or condition with respect to any Plan that would reasonably be expected to result in material liability of the Loan
Parties, taken as a whole; or 
 (l) the conditions for the imposition of a Lien under Section 430(k) of the Code or
Section 303(k) of ERISA are met with respect to any Pension Plan. 
 “Erroneous
Payment” has
the meaning assigned to it in Section 10.14(a). 

“
Erroneous Payment Deficiency Assignment”
has the meaning assigned to it in Section 10.14(d). 
 “Erroneous
Payment Impacted Class” has the meaning assigned to it in Section 10.14(d). 

“
Erroneous Payment Return Deficiency”
has the meaning assigned to it in Section 10.14(d). 
 “Erroneous
Payment Subrogation
Rights” has the meaning assigned to it in
Section 10.14(d). 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“European Loan Party” means each UK Loan Party and each other Loan Party whose jurisdiction of incorporation or
organization is in a member state of the European Union. 
 “EURIBO Rate” has the meaning assigned to such term in
the definition of “Eurocurrency Rate”. 
 “Euro” or “€” shall mean the single
currency of the European Union as constituted by the Treaty on European Union and as referred to in the EMU Legislation 

“Eurocurrency Liabilities” has the meaning specified in
Section 3.04(c). 
 “Eurocurrency Rate” means for any Interest
Period: 
  

	 	(a)	 as to any Eurocurrency Rate Loan denominated in Dollars, 

(i) the rate per annum determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters
Screen which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (such page currently being the LIBOR01 page) (the “US LIBO Rate”) for deposits (for delivery on the first day of
such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time), two Business Days prior to the commencement of such Interest Period, or 

  
 28 

 (ii) in the event the rate referenced in the preceding
clause (i) does not appear on such page or service or if such page or service shall cease to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or
other service which displays the US LIBO Rate for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time) two
Business Days prior to the commencement of such Interest Period; 
 provided that if US LIBO Rates are quoted under either of the preceding
clauses (i) or (ii), but there is no such quotation for the Interest Period elected, the US LIBO Rate shall be equal to the Interpolated Rate; provided, further, that if any such rate
determined pursuant to the preceding clauses (i) or (ii) is below zero, the Eurocurrency Rate will be deemed to be zero, 

(b) as to any Eurocurrency Rate Loan denominated in Euros, 

(i) the rate per annum determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters
Screen which displays the European interbank offered rate administered by the Banking Federation of the European Union (such page currently being the EURIBOR01) (the “EURIBO Rate”) for deposits (for delivery on the first day
of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (Brussels, Belgium time), two Business Days prior to the commencement of such Interest Period, or 

(ii) in the event the rate referenced in the preceding clause (i) does not appear on such page or service or if such page
or service shall cease to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or other service which displays the EURIBO Rate for deposits (for delivery on the first day of such Interest Period)
with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest Period; 

provided that if EURIBO Rates are quoted under either of the preceding clauses (i) or (ii), but there is no
such quotation for the Interest Period elected, the EURIBO Rate shall be equal to the Interpolated Rate; provided, further, that if any such rate determined pursuant to the preceding clauses (i) or
(ii) is below zero, the Eurocurrency Rate will be deemed to be zero and 
 (c) as to any Eurocurrency Rate Loan denominated in
an Alternative Currency other than Euros or Pounds Sterling, 

(i) the rate per annum determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters
Screen which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (or in the case of
Canadian Dollars, the Canadian Dollar Offered Rate) (the “Alternate Currency LIBO Rate”) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in
such Alternative Currency, determined as of approximately 11:00 a.m. (London, England time) (or in the case of Canadian Dollars,
10:00 a.m. (Toronto, Ontario time)), two Business Days prior to the commencement of such Interest Period, or 

  
 29 

 (ii) in the event the rate referenced in the preceding clause (i) does
not appear on such page or service or if such page or service shall cease to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or other service which displays the Alternate Currency LIBO Rate for
deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in such Alternative Currency, determined as of approximately 11:00 a.m. (London, England time) (or in the case of Canadian Dollars, 10:00 a.m. (Toronto, Ontario time)) two Business Days prior to the commencement of such
Interest Period; 
 provided that if Alternate Currency LIBO Rates are quoted under either of the preceding clauses (i) or
(ii), but there is no such quotation for the Interest Period elected, the Alternate Currency LIBO Rate shall be equal to the Interpolated Rate; provided, further, that if any such rate determined pursuant to the
preceding clauses (i) or (ii) is below zero, the Eurocurrency Rate will be deemed to be zero. 

“Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on the Adjusted Eurocurrency Rate. 

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

“Excess Cash Flow” means, for any fiscal year of Holdings, 

(a) the sum, without duplication, of 

(i) Consolidated EBITDA for such fiscal year and 

(ii) reductions to noncash working capital of Holdings and the Restricted Subsidiaries for such fiscal year (i.e., the
decrease, if any, in Current Assets minus Current Liabilities from the beginning to the end of such fiscal year) including any realized and unrealized losses relating to
mark-to-market of amounts denominated in foreign currencies resulting from the application of FASB ASC 830 (including realized and unrealized losses from exchange rate
fluctuations on intercompany balances and balance sheet items, net of realized and unrealized gains from related Swap Contracts) (excluding any changes in working capital due to the effects of purchase accounting adjustments)) minus

 (b) the sum, without duplication, of 

(i) the amount of any taxes paid in cash by Holdings and the Restricted Subsidiaries with respect to such fiscal year
(including any franchise taxes imposed in lieu of income taxes), 
 (ii) Consolidated Interest Charges with respect to such
fiscal year paid in cash, 
 (iii) the amount of (a) any Capital Expenditures and the cash used during such period for
investments (including any Permitted Acquisition) made by Holdings and the Restricted Subsidiaries, in each case, to the extent permitted under this Agreement (whether or not such Capital Expenditure, investment or acquisition shall have been
consummated) and that are made in cash during such fiscal year, except to the extent financed with the proceeds of Indebtedness, equity issuances, casualty proceeds, condemnation proceeds or other proceeds that would not be included in Consolidated
EBITDA and (b) capitalized software expenses and acquisitions of intellectual property, 

  
 30 

 (iv) permanent scheduled repayments of principal of Indebtedness, including
any premium, make-whole or penalty payments paid in respect of such Indebtedness (other than Voluntary Prepayments and mandatory prepayments of the Loans under Section 2.05(b)) made in cash by Holdings
and the Restricted Subsidiaries during such fiscal year, but only to the extent that the Indebtedness so prepaid by its terms cannot be reborrowed or redrawn and such prepayments do not occur in connection with a refinancing of all or any portion of
such Indebtedness, 
 (v) the cash amounts added back to Consolidated EBITDA during such fiscal year pursuant to the
definition of such term (excluding, for the avoidance of doubt, amounts added back to Consolidated EBITDA pursuant to clauses (a)(i) and (ii) in the definition thereof to the extent such amounts are otherwise
deducted from Excess Cash Flow pursuant to this clause (b)), 
 (vi) additions to noncash working capital with
respect to such fiscal year (i.e., the increase, if any, in Current Assets minus Current Liabilities from the beginning to the end of such fiscal year) including any realized and unrealized gains relating to mark-to-market of amounts denominated in foreign currencies resulting from the application of FASB ASC 830 (including realized and unrealized gains from exchange rate fluctuations on intercompany balances and
balance sheet items, net of realized and unrealized losses from related Swap Contracts), 
 (vii) cash earnout and royalty
payments made during such fiscal year to former owners of Acquired Entities that were not deducted as expenses in determining Consolidated Net Income, 

(viii) the aggregate amount of Restricted Payments made in cash during such fiscal year in accordance with
Section 8.05(a), 
 (ix) the aggregate amount of any fees and expenses paid in
cash during such fiscal year in connection with any Indebtedness permitted to be incurred pursuant to Section 8.02 (whether or not consummated), 

(x) the amount of cash payments made in respect of pensions and other postemployment benefits paid during such fiscal year, to
the extent not deducted as expenses in determining Consolidated Net Income, 
 (xi) cash losses from any sale or disposition
outside the ordinary course of business, and 
 (xii) cash expenditures in respect of Swap Contracts during such period. 

The working capital adjustment in clause (a)(ii) or (b)(vi) above, as applicable, shall include 

(x) with respect to any Permitted Acquisition of or by a Restricted Subsidiary consummated during such fiscal year, the amount
by which the noncash working capital attributable to such Restricted Subsidiary as of the date of the consummation of such acquisition exceeds (or is less than) the noncash working capital attributable to such Restricted Subsidiary as of the end of
such fiscal year and 
 (y) with respect to any disposition of a Restricted Subsidiary (or disposition of all or
substantially all of the assets of a Restricted Subsidiary or a line of business of a Restricted Subsidiary) consummated during such fiscal year, the amount by which the noncash working capital attributable to such Restricted Subsidiary as of the
beginning of such fiscal year exceeds (or is less than) the noncash working capital attributable to such Restricted Subsidiary as of the date of consummation of such disposition. 

  
 31 

 “Exchange Rate” means on any day, with respect to any Alternative
Currency, the rate at which such Alternative Currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m. (London time) on such day on the Bloomberg Key Cross-Currency Rates Page for such Alternative Currency. In the event
that such rate does not appear on any Bloomberg Key Cross-Currency Rates Page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative
Agent and Holdings, or, in the absence of such agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of
such Alternative Currency are then being conducted, at or about 10:00 a.m. (London time) on such date for the purchase of Dollars for delivery two Business Days later; provided that, if at the time of any such determination,
for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with Holdings, may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest
error. 
 “Excluded Assets” has the meaning specified in each applicable Collateral Document. 

“Excluded Subsidiary” means 

(i) any Immaterial Subsidiary, 

(ii) any Unrestricted Subsidiary, 

(iii) any Subsidiary that is organized in China, Russia, Iraq or any Sanctioned Country, 

(iv) any Non-Wholly Owned Subsidiary (for so long as such Subsidiary remains a Non-Wholly Owned Subsidiary), 
 (v) any Subsidiary with respect to which Holdings and the Administrative
Agent reasonably agree that, or that is excluded pursuant to the Agreed Security Principles because of, (taking into
account the present and future direct and indirect costs and/or burden including, without limitation, the cost of additional Taxes to the Restricted Group) the cost and/or burden of providing a guaranty of the Obligations is excessive in relation to
the benefits accruing to the Lenders, 
 (vi) any subsidiary listed on Schedule 1.01(e) as of
the Closing Date, 
 (vii) any Receivables Subsidiary
and, 

(viii) solely in the case of any obligation under any secured hedging agreement that constitutes a “swap” within the meaning of
section 1(a)(47) of the Commodity Exchange Act, any subsidiary that is not an “Eligible Contract Participant” as defined under the Commodity Exchange Act (after giving effect to the “keepwell provisions”);, and 

(ix) A.P.I. Inc., a Minnesota corporation, and its Subsidiaries, for so long as such Persons
are prohibited from granting a security interest in their assets pursuant to the Security Agreement, dated as of
February 5, 2007, by and between A.P.I. Inc. and Robert D. Brownson, trustee of the A.P.I. Inc. Asbestos
Settlement Trust, as may be amended or modified from time to time (the “A.P.I. Security Agreement”);
 
 provided that no Subsidiary of Holdings that is a direct or indirect parent of
any Borrower shall be an Excluded Subsidiary. 

  
 32 

 “Excluded Swap Obligation” means, with respect to any Guarantor,

 (a) as it relates to all or a portion of the Guarantee of such Guarantor, any Swap Obligation if, and to the extent that, such Swap
Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of
such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Guarantor becomes effective with
respect to such Swap Obligation or 
 (b) as it relates to all or a portion of the grant by such Guarantor of a security interest, any Swap
Obligation if, and to the extent that, such Swap Obligation (or such security interest in respect thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the
application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at
the time the security interest of such Guarantor becomes effective with respect to such Swap Obligation. 
 If a Swap Obligation arises under a master
agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal. 

“Existing Credit Agreement” means the Second Amended and Restated Credit Agreement, dated as of January 30, 2018,
by and among APi as borrower, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the
Closing Date. 
 “Existing Credit Agreement Refinancing” means the repayment in full of the Indebtedness of APi and
its Subsidiaries under the Existing Credit Agreement and the termination and release of all commitments, security interests and guarantees in connection therewith. 

“Existing Letters of Credit” means the letters of credit set forth on Schedule 1.01(a) hereto. 

“Existing Loans” has the meaning specified in Section 2.16(a). 

“Existing Revolving Credit Commitments” has the meaning specified in
Section 2.16(a). 
 “Existing Revolving Loans” has the meaning
specified in Section 2.16(a). 
 “Existing Revolving Tranche” has the
meaning specified in Section 2.16(a). 
 “Existing Term Loan Tranche”
has the meaning specified in Section 2.16(a). 
 “Existing Term
Loans” has the meaning specified in Section 2.16(a). 
 “Existing
Tranche” has the meaning specified in Section 2.16(a). 
 “Extended
Loans” has the meaning specified in Section 2.16(a). 
 “Extended
Revolving Credit Commitments” has the meaning specified in Section 2.16(a). 

  
 33 

 “Extended Revolving Credit Loans” has the meaning specified in
Section 2.16(a). 
 “Extended Revolving Credit Tranche” has the
meaning specified in Section 2.16(a). 
 “Extended Term Loans” has
the meaning specified in Section 2.16(a). 
 “Extended Term Tranche”
has the meaning specified in Section 2.16(a). 
 “Extended Tranche”
has the meaning specified in Section 2.16(a). 
 “Extending Lender”
has the meaning specified in Section 2.16(b). 
 “Extension” has the
meaning specified in Section 2.16(b). 
 “Extension Amendment” has
the meaning specified in Section 2.16(c). 
 “Extension Date” has the
meaning specified in Section 2.16(c). 
 “Extension Election” has the
meaning specified in Section 2.16(b). 
 “Extension Request” has the
meaning specified in Section 2.16(a). 
 “Extension Request Deadline”
has the meaning specified in Section 2.16(b). 
 “Facility” means
each of 
 (a) the Initial Term Loan Facility, 

(b) any New Term Loan Facility, 

(c) the Initial Revolving Credit Facility and 

(d) any New Revolving Credit Facility, 
 in each
case, as the context may require. 
 “Factoring Agreement” means a customary market agreement by and between
Holdings or a Restricted Subsidiary and a Factoring Company pursuant to which Holdings or such Restricted Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and
interests in certain accounts receivable, specifically identified therein, to a Factoring Company. 
 “Factoring
Company” means any counterparty (that is not an Affiliate of Holdings) to any Factoring Agreement to whom Holdings or any Restricted Subsidiary sells, transfers and assigns its right, title and interests in certain accounts receivable
pursuant to the terms of such Factoring Agreement. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of
the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into
pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of
the Code. 

  
 34 

 “Federal Funds Effective Rate” means, for any day, the rate
calculated by the Federal Reserve Bank of New York based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time
to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided, that if the Federal Funds Effective Rate for any day is less than zero, the Federal Funds
Effective Rate for such day will be deemed to be zero. 
 “Financial Support Direction” means a financial support
direction issued by the UK Pensions Regulator under section 43 of the UK Pensions Act 2004. 

“First Lien Net Leverage Ratio” means, as of any date of determination, the ratio of 

(a) Consolidated First Lien Indebtedness as of such date minus the unrestricted cash and Cash Equivalents of Holdings and the
Restricted Subsidiaries as of such date to 
 (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ending on
such date. 
 “Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of 

(a) Consolidated EBITDA for the period of the four fiscal quarters most recently ending on such date to 

(b) Fixed Charges for the period of the four fiscal quarters most recently ending on such date. 

“Fixed Charges” means, for any period, the sum of 

(1) the cash portion of Consolidated Interest Charges for such period, 

(2) all cash dividends or other distributions paid (excluding items eliminated in consolidation) on any series of preferred stock during such
period; and 
 (3) all cash dividends or other distributions paid or accrued (excluding items eliminated in consolidation) on any series of
Disqualified Stock during such period; 
 provided that, solely for purposes of calculating the Fixed Charge Coverage Ratio for any period,

 (i) the cash portion of Consolidated Interest Charges attributable to any Indebtedness repaid during such period shall be excluded for
such period (assuming such Indebtedness had been repaid immediately prior to the beginning of such period) and 
 (ii) the cash portion of
Consolidated Interest Charges attributable to any Indebtedness incurred during such period shall be annualized for such period (assuming such Indebtedness had been incurred on the first day of such period). 

“
Floor” means
 0.00%.  
 “Foreign Government Scheme or
Arrangement” has the meaning specified in Section 6.12(f). 

“Foreign Lender” has the meaning specified in Section 11.14(a). 

  
 35 

 “Foreign Plan” has the meaning specified in
Section 6.12(f). 
 “Foreign Subsidiary” means any Restricted
Subsidiary that is not a US Subsidiary or a Canadian Subsidiary. 
 “Founder Preferred Shares” means the founder
preferred shares of Holdings and any successor instrument thereto. 
 “FRB” means the Board of Governors of the
Federal Reserve System of the United States. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender,
with respect to each L/C Issuer, such Defaulting Lender’s Pro Rata Share of the L/C Obligations with respect to Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which such Defaulting Lender’s participation
obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof. 
 “Fully
Satisfied” means, with respect to the Obligations as of any date, that, as of such date, 
 (a) all principal of and interest
accrued to such date which constitute Obligations shall have been irrevocably paid in full in cash, 
 (b) all fees, expenses and other
amounts then due and payable which constitute Obligations shall have been irrevocably paid in cash, 
 (c) all outstanding Letters of Credit
shall have been (i) terminated, (ii) fully irrevocably Cash Collateralized or (iii) secured by one or more letters of credit on terms and conditions, and with one or more financial institutions, reasonably satisfactory to the
applicable L/C Issuer and 
 (d) the Commitments shall have expired or been terminated in full. 

“Fund” has the meaning specified in Section 11.06(g). 

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

“Govern” has the meaning specified in the definition of “Affiliate.” 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government including,
without limitation, any agency of the European Union or similar monetary or multinational authority. 
 “Granting
Lender” has the meaning specified in Section 11.06(b)(vii). 

“Guarantee” means, as to any Person, 

  
 36 

 (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the
economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person,
direct or indirect, 
 (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness
or other obligation, 
 (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in
respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, 

(iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or
cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or 
 (iv)
entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or

 (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such
Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). 

The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof,
in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a
verb has a corresponding meaning. 
 “Guarantors” means a collective reference to Holdings, the Subsidiary
Guarantors and, except with respect to their own respective Obligations, the Borrowers; provided that the Guarantors shall not include any Excluded Subsidiaries. 

“Guaranty” means, collectively, the Guaranty made by the Guarantors in favor of the Administrative Agent and the
Lenders pursuant to Article IV. 
 “Hazardous Materials” means any material, substance
or waste that is listed, regulated, or otherwise defined as hazardous, toxic, radioactive, a pollutant or a contaminant (or words of similar regulatory intent or meaning) under applicable Environmental Law, or which could give rise to liability
under any Environmental Law, including, but not limited to, all explosive or radioactive substances or wastes, petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical
wastes and pesticides. 
 “Hedge Bank” means any Person that is an Agent, Arranger, Lender or any Affiliate of any
of the foregoing, in each case, at the time the applicable Secured Hedge Agreement is entered into, irrespective of whether such Person ceases to be an Agent, Arranger, Lender or any Affiliate of any of the foregoing after entering into the
applicable Secured Hedge Agreement. 
 “Holdings” has the meaning specified in the preamble which, following the J2
Domestication Merger, is APi Group Corporation, a Delaware Corporation. 

  
 37 

 “Honor Date” has the meaning specified in
Section 2.03(c)(i). 
 “IFRS” means International Financial Reporting
Standards as issued by the International Accounting Standards Board, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Immaterial Subsidiary” means each Restricted Subsidiary designated as such by the Borrowers to the Administrative
Agent in writing that meets all of the following criteria calculated on the Pro Forma Basis by reference to the most recently delivered set of financial statements delivered pursuant to Section 7.01(a):

 (a) the consolidated total assets of such Restricted Subsidiary and its Subsidiaries which qualify as Restricted Subsidiaries as of the
date of such financial statements, do not exceed an amount equal to 5.0% of the Consolidated Total Assets of Holdings and the Restricted Subsidiaries as of such date; and 

(b) the consolidated total assets of all Immaterial Subsidiaries and their respective Subsidiaries, taken as a whole, as of the date of such
financial statements, do not exceed an amount equal to 10.0% of the Consolidated Total Assets of Holdings and the Restricted Subsidiaries as of such date. 

As of the Closing Date, the Borrowers designate each of the Restricted Subsidiaries listed on Schedule 1.01(g) hereto as Immaterial
Subsidiaries. 
 “Increased Amount Date” has the meaning specified in
Section 2.14(a). 
 “Incremental Amendment” has the meaning specified
in Section 2.14(a). 
 “Incremental Commitment” means any commitment
made by a lender to provide all or any portion of an Incremental Facility or Incremental Loans. 
 “Incremental
Facilities” has the meaning assigned to such term in Section 2.14(a). 

“Incremental Loans” has the meaning assigned to such term in
Section 2.14(a). 
 “Incremental Revolving Credit Facility” has the
meaning assigned to such term in Section 2.14(a). 
 “Incremental Revolving Credit
Loans” has the meaning assigned to such term in Section 2.14(a). 

“Incremental Term Facility” has the meaning assigned to such term in
Section 2.14(a). 
 “Incremental Term Loans” has the meaning assigned
to such term in Section 2.14(a). 
 “Indebtedness” means, as to any
Person at a particular time, without duplication, all of the following: 
 (a) all obligations of such Person for borrowed money and all
obligations of such Person evidenced by bonds, debentures, notes, loan agreements, convertible securities (to the extent that they have put provisions that are exercisable during the term of this Agreement) or other similar instruments (other than the PIPE Preferred Stock); 

  
 38 

 (b) all direct or contingent obligations of such Person arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) all obligations
of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); 

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

(e) capital leases and Synthetic Lease Obligations; and 

(f) all Guarantees of such Person in respect of any of the foregoing; if and to the extent that any of the foregoing Indebtedness (other than
Guarantees, Letters of Credit and Swap Obligations) would appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP. 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is
itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any
capital lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date. 

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

“Information” has the meaning specified in Section 11.07. 

“Informational Website” has the meaning specified in Section 7.02. 

“Initial Availability Period” means the period from and including the Closing Date to but excluding the earliest of

 (a) the Initial Revolving Credit Maturity Date, 

(b) the date of termination of the Initial Revolving Credit Commitments pursuant to
Section 2.06 and 
 (c) the date of termination of the commitment of each Initial Revolving
Credit Lender to make Initial Revolving Credit Loans and of the obligation of each L/C Issuer to make L/C Credit Extensions pursuant to Section 9.02. 

“Initial Borrower” has the meaning specified in the preamble hereto. 

“Initial Revolving Credit Commitments” means, as to each Initial Revolving Credit Lender, its obligation to 

(a) make Initial Revolving Credit Loans to a Borrower pursuant to Section 2.01 and 

(b) purchase participations in L/C Obligations, 

  
 39 

 in each case, in an aggregate principal amount at any one time outstanding not to exceed the amount set
forth opposite such Initial Revolving Credit Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Revolving Credit Lender becomes a party hereto, as applicable, as such amount may be adjusted
from time to time in accordance with this Agreement. The aggregate amount of Initial Revolving Credit Commitments on the Closing2021 Incremental Amendment Effective Date is
$300,000,000500,000,000.

 “Initial Revolving Credit Facility” means the Initial Revolving Credit Commitments and the extensions of credit
made thereunder. 
 “Initial Revolving Credit Lenders” means, at any time, any Revolving Credit Lender that has an
Initial Revolving Credit Commitment or an outstanding Initial Revolving Credit Loan at such time, which shall include the 2021
Revolving Credit Lenders. 
 “Initial Revolving Credit Loan” has the meaning specified in
Section 2.01. 
 “Initial Revolving Credit Maturity Date” means, with
respect to any Initial Revolving Credit Loan, the
earlierearliest of 

(i) the fifth anniversary of the 2021 Incremental Amendment Funding Date,  

(iii) the date that is five years after the Closing Date,
which91 days prior to the Initial Term Loan Maturity Date if any portion of the Initial Term Loan is outstanding
on such date is October 1, 2024, and 

(iiiii) the date of termination in whole of the Initial Revolving Credit Commitments and the Letter of Credit Commitments
pursuant to Section 2.06 or 9.02. 
 “Initial Term
Loan” has the meaning specified in Section 2.01. 
 “Initial Term
Loan Commitment” means, as to each Term Loan Lender, its obligation to make Term Loans to the Borrowers 
 (i) pursuant to
Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Loan Lender’s name on Schedule 2.01 under the caption
“Initial Term Loan Commitment”, and 
 (ii) in the Assignment and Assumption pursuant to which such Term Loan Lender becomes a
party hereto, 
 in each case, as such amount may be adjusted from time to time in accordance with this Agreement. 

The aggregate amount of Initial Term Loan Commitments on the Closing Date is $1,200,000,000. 

“Initial Term Loan Facility” means the Initial Term Loan Commitments and the Initial Term Loans made thereunder. 

“Initial Term Loan Lender” means, at any time, any Lender that has an Initial Term Loan Commitment or an outstanding
Initial Term Loan at such time. 
 “Initial Term Loan Maturity Date” means the date that is seven years after the
Closing Date, which date is October 1, 2026. 

  
 40 

 “Intellectual Property Security Agreement” means each Patent
Security Agreement, Trademark Security Agreement and Copyright Security Agreement to be executed and delivered by a Loan Party, substantially in the form of Exhibits A, B and C to the Pledge and Security
Agreement, respectively, or such other form approved by the Administrative Agent. 
 “Interest Payment Date” means,

 (a) as to any Loan other than a Base Rate
Loan or an RFR Loan, the last day of each Interest Period applicable to such Loan and in the case of any Term Loans,
the applicable Term Loan Maturity Date, or in the case of Revolving Credit Loans, the applicable Revolving Credit Maturity Date; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three
months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; and  

(b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and in the case of any Term Loans, the
applicable Term Loan Maturity Date, or in the case of Revolving Credit Loans, the applicable Revolving Credit Maturity Date.; and 
 (c) as
 to any RFR Loan, the last RFR Business Day of each March, June, September and December and in the case of any Term Loans, the applicable Term Loan Maturity Date, or in the case of Revolving Credit Loans, the applicable Revolving Credit Maturity
Date. 
 “Interest Period” means, as to 

(a) each Term Loan that is a Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed or converted
to or continued as a Eurocurrency Rate Loan and ending on the date one, two, three or six months thereafter (or twelve months or such other period, if agreed to
by all applicable Term Loan Lenders) and 
 (b) each Revolving Credit Loan that is a Eurocurrency Rate Loan, the period commencing on the
date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan and ending on the date one, two, three or (other than with respect to Canadian Dollars) six months thereafter (or twelve months or such other period, if agreed to by
all applicable Revolving Credit Lenders); 
 provided that: 

(i) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day
unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

(ii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(iii) no Interest Period shall extend beyond, in the case of any Term Loans, the applicable Term Loan Maturity Date, or in the case of
Revolving Credit Loans, the applicable Revolving Credit Maturity Date; 

  
 41 

 provided further that notwithstanding anything to the contrary contained in this Agreement,
(i) the initial Interest Period with respect to the 2020 Incremental Term Loans made on the 2020 Incremental
Amendment Effective Date shall be the period commencing on the 2020 Incremental Amendment Effective Date and ending on the last day of the then-current Interest Period for the Term Loans outstanding immediately prior to the 2020 Incremental Amendment Effective
Date. and (ii) the initial Interest Period with respect to the 2021 Incremental Term Loans made on the 2021 Incremental Amendment Funding Date shall
be the period commencing on the 2021 Incremental Amendment Funding Date and ending on the last day of the then-current Interest Period for the Term Loans outstanding immediately prior to the 2021 Incremental Amendment Funding Date.

 “Interpolated Rate” means, in relation to the US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate, as
applicable, the rate which results from interpolating on a linear basis between: 
 (a) the applicable US LIBO Rate, EURIBO Rate or Alternate
Currency LIBO Rate, as applicable, for the longest period (for which that US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate, as applicable, is available) which is less than the Interest Period of that Loan; and 

(b) the applicable US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate, as applicable, for the shortest period (for which that US LIBO
Rate, EURIBO Rate or Alternate Currency LIBO Rate, as applicable, is available) which exceeds the Interest Period of that Loan, 
 in each case, as of 11:00
a.m. (London, England time) two Business Days prior to the commencement of such Interest Period of that Loan. 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by
means of 
 (a) the purchase or other acquisition of capital stock or other securities of another Person, 

(b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or
equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person, or 
 (c) the
purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. 
 For purposes
of covenant compliance, the amount of any Investment shall be the amount actually invested, or the fair market value of non-cash assets (including in the case of legal (but not beneficial) ownership of assets held as a trustee, a fair market value of zero) contributed without adjustment for subsequent increases or
decreases in the value of such Investment. 
 “IRS” means the United States Internal Revenue Service. 

“Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Application and any other
document, agreement and instrument entered into by the applicable L/C Issuer and any Restricted Subsidiary or in favor of the applicable L/C Issuer and relating to such Letter of Credit. 

“J2 Domestication Merger” shall have the meaning assigned to such term in
Section 8.03(f). 
 “Judgment Currency” shall have the meaning
assigned to such term in Section 11.23(a). 

  
 42 

 “Judgment Currency Conversion Date” shall have the meaning assigned
to such term in Section 11.23(a). 
 “Latest Maturity Date” shall
mean, at any date, the latest maturity date of all classes of Loans or Commitments that are outstanding on such date. 

“Laws” means, collectively, all international, foreign, Federal, state, regional, provincial, territorial, municipal
and local laws, statutes, treaties, rules, regulations or any determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such person or any of its Real Property or personal property or to
which such person or any of its property of any nature is subject. 
 “L/C Advance” means, with respect to each
Revolving Credit Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Pro Rata Share. 

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been
reimbursed on the date when made or refinanced as a Revolving Credit Borrowing. 
 “L/C Credit Extension” means,
with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof. 

“L/C Issuer” means as the context may require, each of the
2021 Incremental Lead Arrangers
that has a Letter of Credit Commitment as set forth on Exhibit C to the 2021 Incremental Amendment and any other
Revolving Credit Lender (including the 2021 Revolving Credit Lenders) that may become an L/C Issuer pursuant to
Section 2.03(m), with respect to Letters of Credit issued by such Revolving Credit Lender. Any L/C Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by affiliated or
unaffiliated financial institutions of such L/C Issuer, in which case the term “L/C Issuer” shall include any such affiliated or unaffiliated financial institutions of such L/C Issuer with respect to Letters of Credit issued by such
affiliated or unaffiliated financial institutions of such L/C Issuer. 
 “L/C Obligations” means, as at any date of
determination, the aggregate undrawn amount of all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. 

“LCA Election” means Holdings’ election to exercise its right to designate any acquisition (or similar
Investment) or repayment, redemption of or offer to purchase of Indebtedness as a Limited Condition Transaction pursuant to the terms hereof. 

“LCA Test Date” means, in respect of an acquisition (or similar Investment), the date on which the definitive
agreement for any such Limited Condition Transaction is entered into or, in respect of repayment, redemption of or offer to purchase of Indebtedness, the date that the Borrower provides notice to holders of such Indebtedness of such repayment,
redemption or offer to purchase. 
 “Leases” means any and all leases, subleases, tenancies, options, concession
agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record
and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property. 

  
 43 

 “Lender” has the meaning specified in the introductory paragraph
hereto and, as the context requires, includes the L/C Issuers (and shall include the 2020 Incremental Term Loan Lenders, the 2021
Incremental Term Loan Lenders and the 2021 Revolving Credit Lenders). 
 “Lender Counterparty” means
(x) any Person that is an Agent, Arranger or Lender or any Affiliate of any of the foregoing, in each case, at
the time the applicable Secured Treasury Management Agreement (other than any Designated Pari Passu Facility) is
entered into, irrespective of whether such Person ceases to be an Agent, Arranger, Lender or any Affiliate of any of the foregoing after entering into the applicable Secured Treasury Management Agreement or
(y) any Designated Pari Passu Facility Provider. 

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

“Letter of Credit” means any letter of credit issued hereunder in Dollars or an Alternative Currency and shall include
the Existing Letters of Credit. A Letter of Credit shall be a standby letter of credit. 
 “Letter of Credit
Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the applicable L/C Issuer. 

“Letter of Credit Commitment” means the commitment of the L/C Issuers to issue Letters of Credit pursuant to
Section 2.03. 
 “Letter of Credit Expiration Date” means the day
that is five Business Days prior to the Initial Revolving Credit Maturity Date (or, if such day is not a Business Day, the next preceding Business Day). 

“Letter of Credit Fee” has the meaning specified in Section 2.03(i).

 “Letter of Credit Sublimit”
means, as the context may indicate,
(x) for the L/C Issuers, collectively, an amount equal to $150,000,000250,000,000 and
(y) for any L/C Issuer, individually, the amount set forth on Exhibit C to the 2021 Incremental Amendment
across from such L/C
Issuer’s
 name. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility. 

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

“Limited Condition Transaction” shall mean any 

(i) acquisition or Investment by Holdings or any Restricted Subsidiary of or in any assets, business or Person permitted by this Agreement or

 (ii) repayment or redemption of, or offer to purchase, any indebtedness permitted by this Agreement, 

  
 44 

 in each case the consummation of which is not conditioned on the availability of, or on obtaining, third
party financing. 
 “Loan” means an extension of credit by a Lender to any Borrower under Article II
in the form of a Term Loan or a Revolving Credit Loan. 
 “Loan Documents” means, collectively, this Agreement, each
Note, each Issuer Document, the Unsecured Intercreditor Agreement, each joinder agreement referred to in
Section 2.14, each Subsidiary Joinder Agreement, the Collateral Documents and, the 2020 Incremental
Amendment and the 2021 Incremental Amendment. 

“Loan Parties” means, collectively, the Borrowers and the Guarantors. 

“Majority Facility Lenders” means 

(a) with respect to the Term Loan Facility, the holders of a majority of the aggregate unpaid principal amount of the Term Loan Commitments
and Term Loans outstanding under the Term Loan Facility and 
 (b) with respect to the Revolving Credit Facility, the holders of a majority
of the sum of (i) the unused portion of the Revolving Credit Commitments then in effect and (ii) the Total Outstandings at such time. 

“Market Capitalization” means, with respect to the making of any Restricted Payment, an amount equal to the product of

 (a) the total number of issued and outstanding shares of common Equity Interests of Holdings on the date of declaration of such
Restricted Payment multiplied by 
 (b) the arithmetic mean of the closing prices per share of such Equity Interests on the principal
securities exchange on which such Equity Interests are listed for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment. 

“Material Adverse Effect” means 

(a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent)
or condition (financial or otherwise) of Holdings and the Restricted Subsidiaries taken as a whole; 
 (b) a material impairment of the
rights and remedies of the Administrative Agent or any Lender under any Loan Document; or 
 (c) a material adverse effect upon the
legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 

“Material Real Property” means any parcel of Real Property now or hereafter owned in fee by any Loan Party that, 

(a) is not located in a designated “flood hazard area” in any flood insurance rate map published by the Federal Emergency Management
Agency (or any successor agency) and 

  
 45 

 (b) together with any improvements thereon, individually has a fair market value of at least
$10,000,000 as at 
 (i) (x) the Closing Date, for Real Property owned as of the Closing Date or (y) the date of
acquisition for Real Property acquired after the Closing Date, in each case as reasonably estimated in good faith by Holdings or 

(ii) the time of any material improvement on such Real Property described in clause (i)(y). 

“Maximum Rate” has the meaning specified in Section 11.09. 

“MFN Adjustment” has the meaning specified in Section 2.14(d). 

“Minimum Collateral Amount” means, at any time, 

(a) with respect to cash collateral consisting of cash or deposit account balances, an amount equal to 103% of the Fronting Exposure of any
L/C Issuer with respect to Letters of Credit issued and outstanding at such time and 
 (b) for purposes of
Section 2.15, an amount reasonably determined by the Administrative Agent and the applicable L/C Issuer. 

“Minimum Eurocurrency Borrowing Amount” means, 

(i) with respect to Section 2.02(a)(2), a principal amount equal to the Dollar Equivalent of
$2,000,000 or a whole multiple of $1,000,000 in excess thereof and 
 (ii) with respect to
Section 2.05(a)(ii), a principal amount equal to the Dollar Equivalent of $1,000,000 or a whole multiple of $500,000 in excess thereof. 

“Minimum Extension Condition” has the meaning specified in
Section 2.16(e). 
 “MIRE Event” means, if there are any Mortgaged
Properties located in the United States of America at such time, any increase, extension or renewal of any of the Commitments or Loans (including an Incremental Loan or any other Incremental Facilities hereunder, but excluding 

(a) any continuation or conversion of borrowings, 

(b) the making of any Loan, or 

(c) the issuance, renewal or extension of Letters of Credit). 

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

“Mortgage” means an agreement, including, but not limited to, a fee mortgage, deed of trust, deeds to secure debt,
assignment of rents and leases or any other document, creating and evidencing a Lien on a Mortgaged Property and delivered pursuant to Section 7.12, as may be amended, modified, supplemented, extended
and/or consolidated from time to time, which shall be in form reasonably satisfactory to the Administrative Agent, with such schedules and including such provisions as shall be necessary to conform such document to applicable local or foreign law or
as shall be customary under applicable local or foreign law. 

  
 46 

 “Mortgaged Property” means 

(a) each owned Material Real Property located in the United States of America or Canada and identified as a “Mortgaged Property” on
Schedule 1.01(c) and 
 (b) each Material Real Property located in the United States of America or Canada, if any, owned by
any Loan Party and which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 7.12. 

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

“Net Cash Proceeds” means, 

(a) with respect to any Asset Sale, Recovery Event or Permitted Sale Leaseback Transaction, the excess, if any, of 

(i) the sum of cash and Cash Equivalents received therefrom (including any cash or Cash Equivalents received by way of deferred
payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) over 
 (ii)
the sum of 
 (A) the principal amount of any Indebtedness that is secured by such asset and that is required to be repaid in
connection with the sale thereof (other than Indebtedness under the Loan Documents), 
 (B) the out-of-pocket expenses incurred by Holdings or any Restricted Subsidiary in connection therewith and 

(C) income taxes reasonably estimated to be actually payable as a result of any gain recognized in connection therewith; 

provided, however, that, if 

(x) the Borrowers shall deliver a certificate of a Responsible Officer of the Borrowers to the Administrative Agent at the
time of receipt thereof setting forth the Borrowers’ intent to reinvest such proceeds to acquire, maintain, develop, construct, improve, upgrade or repair productive assets of a kind then used or usable in the business of Holdings and the
Restricted Subsidiaries (including, without limitation, through a Permitted Investment or Permitted Acquisition) within (1) 15 months of receipt of such proceeds or (2) if the Borrowers enter into a legally binding commitment to reinvest such
proceeds within 15 months following receipt thereof, within the earlier of 6 months following the date such legally binding commitment is entered into and the date on which such legally binding commitment terminates or is abandoned without the
consummation of the reinvestment contemplated thereby (such applicable period described in clause (1) or (2), the “Reinvestment Period”) and 

  
 47 

 (y) no Default or Event of Default shall have occurred and shall be
continuing at the time of such certificate or at the proposed time of the application of such proceeds, such proceeds shall not constitute Net Cash Proceeds except to the extent not so used at the end of the Reinvestment Period, at which time such
proceeds shall be deemed to be Net Cash Proceeds; provided, further, that any proceeds of such a Recovery Event (from settlement of insurance or otherwise) shall be remitted to the Borrowers so long as such proceeds are
not deemed to be Net Cash Proceeds; and 
 (b) with respect to any issuance or disposition of Indebtedness, the cash proceeds thereof, net
of all taxes and reasonable and customary fees, commissions, costs and other expenses incurred by Holdings or any Restricted Subsidiary in connection therewith. 

“New Incremental Lender” has the meaning specified in Section 2.14(a).

 “New Revolving Credit Facility” has the meaning assigned to such term in
Section 2.14(a) of this Agreement. 
 “New Term Loan Commitments”
mean the commitments in respect of any New Term Loan Facility, including the 2020 Incremental Term Loan Commitments and the 2021
Incremental Term Loan Commitments. 
 “New Term Loan Facility” has the meaning assigned to such term
in Section 2.14(a) of this Agreement, including the 2020 Incremental Term Loan
Facility and the 2021 Incremental Term Loan Facility. 

“New Term Loan Maturity Date” means the maturity date or expiration date of any New Term Loan, including the 2020
Incremental Term Loan Maturity Date and the 2021 Incremental Term Loan Maturity Date. 

“New Term Loans” means any advance made by a Lender under a New Term Loan Facility, including the 2020 Incremental
Term Loans and the 2021 Incremental Term Loans. 

“Non-Consenting Lender” has the meaning specified in
Section 11.01. 
 “Non-Excluded
Taxes” has the meaning specified in Section 3.01(a). 
 “Non-Extending Lender” has the meaning specified in Section 2.16(d). 

“Non-Founder Warrant Exchange” means the exercise of certain warrants held by non-founders of Holdings to purchase ordinary shares of Holdings. 
 “Non-Wholly Owned Subsidiary” means any Subsidiary all of the Equity Interests in which (except directors’ qualifying shares) are not, at the time, directly or indirectly owned by Holdings, other
than any Subsidiary that becomes a Non-Wholly Owned Subsidiary after the Closing Date as a result of 

(A) the Disposition or issuance of Equity Interests of such Subsidiary, in either case, to a Person that is an Affiliate, 

(B) any transaction entered into primarily for the purpose of such Subsidiary ceasing to constitute a Guarantor or 

  
 48 

 (C) the Disposition or issuance of Equity Interest of such Subsidiary for less than the fair
market value of such shares (as reasonably determined by the Borrower). 
 “Nonrenewal Notice Date” has the meaning
specified in Section 2.03(b)(iii). 
 “Note” or
“Notes” means the Term Loan Notes and/or the Revolving Credit Notes, individually or collectively, as appropriate. 

“Obligation Currency” has the meaning specified in Section 11.23(a).

 “Obligations” means 

(a) all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under 

(i) any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those
acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising including the obligation to pay principal, interest, Letter of Credit commissions, charges, expenses, fees, attorneys’ fees and
disbursements, indemnities and other amounts payable by any Loan Party under any Loan Document and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any
Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding, 

(ii) any Secured Hedge Agreement
and, 

(iii) any Secured Treasury Management Agreement and 

(iv)
 any Erroneous Payment Subrogation Rights and  

(b) the obligation of any Loan Party to reimburse any amount in respect of any of the foregoing that any Lender, in its reasonable sole
discretion, may elect to pay or advance on behalf of such Loan Party. Notwithstanding anything to the contrary set forth herein, the “Obligations” shall not include any Excluded Swap Obligations. 

“OFAC” means the Office of Foreign Assets Control of the U.S. Treasury Department or the U.S. Department of State.

 “OID” has the meaning specified in the definition of “Yield”. 

“option right” has the meaning specified in the definition of “Change of Control”. 

“Organization Documents” means, 

(a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive
documents with respect to any non-U.S. jurisdiction); 
 (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement; and 

  
 49 

 (c) with respect to any partnership, joint venture, trust or other form of business entity,
the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental
Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Other Taxes” has the meaning specified in Section 3.01(b). 

“Outstanding Amount” means 

(i) with respect to Revolving Credit Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of Revolving Credit Loans occurring on such date and 
 (ii) with respect to any L/C Obligations on
any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any
reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date. 

“Participant” has the meaning specified in Section 11.06(d). 

“Participant Register” has the meaning specified in Section 11.06(d).

 “Patriot Act” has the meaning specified in Section 11.19. 

“Paying Agent” has the meaning specified in Section 10.07. 

“
Payment Recipient” has
 the meaning assigned to it in Section 10.14(a).

 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of
ERISA), other than a Multiemployer Plan, that is subject to either Title IV of ERISA or Section 412 of the Code and is sponsored or maintained by any Borrower or any ERISA Affiliate or to which any Borrower or any ERISA Affiliate contributes or
has an obligation to contribute or under which any Borrower or ERISA Affiliate has any liability or obligation, whether fixed or contingent, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made
contributions at any time during the immediately preceding six plan years. 
 “Perfection Certificate” means the Pre-Closing UCC Diligence Certificate substantially in the form of Exhibit E or such other form approved by the Administrative Agent. 

“
Periodic Term SOFR Determination Day” has
 the meaning specified in the definition of “Term
SOFR”.
 
 “Permitted Acquisition” means the acquisition by
Holdings or any Wholly-Owned Restricted Subsidiary of all or substantially all the assets of a Person or line of business of such Person or the outstanding Equity Interests of a Person (referred to herein as the “Acquired
Entity”); provided that 
 (a) the Acquired Entity shall be a going concern and shall be in a similar or adjacent
line of business (or one reasonably ancillary or complementary thereto, or which is a reasonable extension, development or expansion thereof) as that of the Borrowers and the Restricted Subsidiaries as conducted during the current and most recently
concluded calendar year; 

  
 50 

 (b) (A) no Event of Default or Default shall have occurred and be continuing both
immediately before and immediately after the execution of the acquisition agreement by the relevant Restricted Group member and applicable seller(s), and 

(B) at the time of such transaction, Holdings shall be in Pro Forma Compliance with the financial covenant set forth in
Section 8.10 (whether or not such covenant is then applicable); 
 (c) unless (x) the
Borrower shall be in compliance with the covenant set forth in Section 7.12(d) on a Pro Forma Basis (based on the first or third fiscal quarter financial statements most recently delivered pursuant to
Section 7.01(b) and deeming any Subsidiary that shall become a Guarantor and otherwise comply with Section 7.12 within the time periods set forth therein
to be a Guarantor for such purpose) and (y) the Total Net Leverage Ratio is less than or equal to 3.25:1.00 on a Pro Forma Basis, the aggregate amount of the consideration, not otherwise permitted by the provisions of this Agreement, paid in
connection with such acquisition of an Acquired Entity that does not become a Guarantor and any related acquisitions of an Acquired Entity that does not become a Guarantor (including Indebtedness of the Acquired Entity that is assumed by or on
behalf of Holdings and the Restricted Subsidiaries for any such purchase or other acquisition of an entity that does not become a Guarantor (including by way of merger) when aggregated with the total cash and noncash consideration (calculated on the
same basis and not otherwise permitted by the provisions of this Agreement) paid by or on behalf of Holdings and the Restricted Subsidiaries for all other purchases and other acquisitions made by the Borrowers and the Restricted Subsidiaries after
the Closing Date of entities that do not become Guarantors (including by way of merger)), shall not exceed the greater of (x) $125,000,000 and (y) 34% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements
have been delivered pursuant to Section 7.01; 
 (d) upon the consummation of such Permitted
Acquisition, the Acquired Entity shall be a Restricted Subsidiary, 
 (e) Holdings and the Restricted Subsidiaries shall not incur or assume
any Indebtedness in connection with such acquisition, except as permitted by Section 8.02; and 

(f) Holdings shall comply, and shall cause the Acquired Entity to comply, with the applicable provisions of Sections 7.12 and
7.14 and the Collateral Documents. 
 Notwithstanding anything set forth in this Agreement or any other Loan Document to the
contrary, for all purposes of this Agreement and any other Loan Document, (i) the SK FireSafety Group
Acquisition shall be deemed a “Permitted Acquisition” with respect to the aggregate amount of consideration paid in connection with such
acquisition and
(ii) the Chubb Group Acquisition shall be deemed a “Permitted
 Acquisition” with
 respect to the aggregate amount of consideration paid in connection with such acquisition. 
 “Permitted Equal
Priority Refinancing Debt” means any secured Indebtedness incurred by any Loan Party in the form of one or more series of senior secured notes, bonds or debentures; provided that 

  
 51 

 (a) such Indebtedness is secured by Liens on all or a portion of the Collateral on an equal
priority basis with the Liens on the Collateral securing the Obligations (but without regard to the control of remedies) and is not secured by any property or assets other than the Collateral, 

(b) such Indebtedness satisfies the applicable requirements set forth in the provisos to the definition of “Credit Agreement Refinancing
Indebtedness”, 
 (c) such Indebtedness is not at any time guaranteed by any Restricted Subsidiary that is not a Loan Party and 

(d) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties to a
Customary Intercreditor Agreement providing that the Liens on the Collateral securing such obligations shall rank equal in priority to the Liens on the Collateral securing the Obligations (but without regard to the control of remedies). 

“Permitted Intercompany Transaction” means 

(a) a merger or consolidation solely of one or more Subsidiaries of Holdings (provided that, 

(x) if one of such Subsidiaries is a Loan Party, the result of such merger or consolidation is that the surviving entity is a
Loan Party, 
 (y) if one of the Subsidiaries is a Restricted Subsidiary, the result of such merger or consolidation is that
the surviving entity is a Restricted Subsidiary and 
 (z) if one of such Subsidiaries is a Borrower, the result of such
merger or consolidation is that the surviving entity is a Borrower); 
 (b) a transaction consisting of the acquisition (which may, without
limitation, occur through the liquidation and/or dissolution of a Subsidiary) of 
 (i) all or substantially all of the
Equity Interests of any Subsidiary of Holdings, 
 (ii) all or substantially all of the assets of any Subsidiary of Holdings
or 
 (iii) all or substantially all of the assets constituting the business of a division, branch or other unit operation of
any Subsidiary of Holdings, 
 in each case, by any one or more Loan Parties (provided, that if the transaction consists of the acquisition of
the Equity Interests, assets or business of a division, branch or other unit or operation of a Borrower, the acquiring party shall be a Borrower); 

(c) a transaction consisting of the acquisition (which may, without limitation, occur through the liquidation and/or dissolution of such
Subsidiary) of 
 (i) all or substantially all of the Equity Interests of any Subsidiary of Holdings that is not a Loan
Party, 
 (ii) all or substantially all of the assets of any Subsidiary of Holdings that is not a Loan Party, 

  
 52 

 (iii) all or substantially all of the assets constituting the business of a
division, branch or other unit operation of any Subsidiary of Holdings that is not a Loan Party or 
 (iv) any other similar
intercompany transaction by any one or more Subsidiaries of Holdings that is consented to by the Administrative Agent and is not materially adverse to the Lenders as reasonably determined by the Administrative Agent in its sole discretion; 

provided that, (x) if the transaction consists of the acquisition of Equity Interests, assets or business of a division, branch or other
unit or operation of a Subsidiary that is a Restricted Subsidiary, the acquiring party shall be a Restricted Subsidiary and (y) after giving effect to any transaction described in clauses (a) through (c), the
Borrowers shall comply with Section 7.12 to the extent applicable and, 
 (d) the
liquidation, wind up, dissolution, deregistration or similar action with respect to any Excluded Subsidiary and 
 (e) the J2 Domestication
Merger. 
 “Permitted Investments” means: 

(a) Investments outstanding as of the Closing Date (such Investments in excess of $10,000,000 are set forth on Schedule 1.01(d)) and
refinancings, reborrowings or replacements thereof, to the extent that such refinancings, reborrowings or replacements shall not increase the amount of such Investment; 

(b) (i)Investments by Holdings and the Restricted Subsidiaries existing on the Closing Date in Holdings or the Restricted Subsidiaries and 

(ii) additional Investments by Holdings and the Restricted Subsidiaries in Holdings or the Restricted Subsidiaries;
provided that 
 (A) if such Investment shall be in the form of an investment in Equity Interests, any such
Equity Interests held by a Loan Party shall be pledged pursuant to the Collateral Documents, 
 (B) so long as a Loan Party
has not granted to the Administrative Agent for the benefit of the Secured Parties a first priority registered deed of hypothec over such property governed by the laws of Quebec (subject to Permitted Liens) with customary opinions, certificates and
supporting documentation, the acquisition by a Loan Party or transfer or relocation to a Loan Party of tangible personal property or real property in excess of $3,000,000 located in Quebec at any time shall be deemed to be an “Investment”
in a Loan Party that is not a Guarantor in an amount equal to the book value of such property, 
 (C) unless (x) the
Borrower shall be in compliance with the covenant set forth in Section 7.12(d) on a Pro Forma Basis (based on the first or third fiscal quarter financial statements most recently delivered pursuant to
Section 7.01(b) and deeming any Subsidiary that shall become a Guarantor and otherwise comply with Section 7.12 within the time periods set forth therein
to be a Guarantor for such purpose) and (y) the Total Net Leverage Ratio is less than or equal to 3.25:1.00 on a Pro Forma Basis, the aggregate amount of Investments under this clause (b)(ii) by Loan Parties in Restricted
Subsidiaries that are not Subsidiary Guarantors (other than 

  
 53 

 (1) (x) investments in Equity Interests and (y) intercompany loans and
advances, in each case, from a Loan Party to a Restricted Subsidiary that is not a Subsidiary Guarantor the proceeds of which are used solely to finance a Permitted Acquisition and 

(2) intercompany loans and advances from a Loan Party to Restricted Subsidiaries that are not Subsidiary Guarantors having a
term not exceeding 90 days (inclusive of any roll over or extensions of terms) made in the ordinary course of business and consistent with past practice) 

shall not exceed the sum of (I) the greater of (x) $75,000,000 and (y) 23% of Consolidated EBITDA as of the last day of the last Test
Period for which financial statements have been delivered pursuant to Section 7.01 at any time outstanding plus (II) an amount equal to any reduction in the amount of Investments by Loan Parties in
Restricted Subsidiaries that are not Subsidiary Guarantors set forth in clause (b)(i) above after the Closing Date, and 

(D) if such Investment shall be in the form of a loan or advance, 

(1) such loan or advance shall be unsecured, 

(2) in the case of a loan or advance owed by a Loan Party to a Restricted Subsidiary that is not a Loan Party, shall be
subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent, 
 (3) if such loan or advance
shall be made by a Loan Party, shall be evidenced by a promissory note and such promissory note shall be pledged to the Collateral Agent for the ratable benefit of the Secured Parties pursuant to the Collateral Documents, and 

(4) upon the reasonable request of the Administrative Agent, such loan or advance shall be subject to a Customary European
Intercreditor Agreement; 
 (c) deposits with, or time deposits with, including certificates of deposits issued by, 

(i) any office located in the United States of any bank or trust company that is organized under the laws of the United States
or any state thereof and has capital surplus and undivided profits aggregating at least $100,000,000, 
 (ii) any Lender or

 (iii) any foreign bank for which S&P or Moody’s issues a rating of “A” or higher and which has capital
surplus and undivided profits aggregating at least $100,000,000; 
 (d) Investments held by Holdings or any Restricted Subsidiary in the
form of Cash Equivalents; 
 (e) Permitted Acquisitions; 

(f) Investments permitted pursuant to Section 8.02, 8.03, 8.05 or
8.07 (in each case, other than by reference to this definition); 

  
 54 

 (g) Investments consisting of Permitted Swap Obligations; 

(h) intercompany loans and advances to Holdings and the Restricted Subsidiaries pursuant to
Section 8.02(e); provided that such intercompany loans and advances 

(i) shall be made for the purposes, and shall be subject to all the applicable limitations set forth in,
Section 8.02(e) and 
 (ii) shall be unsecured and subordinated to the
Obligations on terms reasonably satisfactory to the Administrative Agent; 
 (i) advances, loans or extensions of credit to customers and
suppliers or to employees, in the ordinary course of business by any Restricted Subsidiary; 
 (j) other Investments in an aggregate amount
not to exceed the greater of (x) $75,000,000 and (y) 20% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to Section 7.01 at
any time outstanding; 
 (k) Investments in a Receivables Subsidiary or relating to a Factoring Agreement that, in the good faith
determination of Holdings are necessary or advisable to effect any Receivables Facility or Factoring Agreement incurred in compliance with Section 8.02 hereof or any transaction in connection therewith;
provided that such Investment is in the form of a contribution of accounts receivable and the proceeds thereof and other assets customarily transferred in connection therewith or as equity; 

(l) Investments in joint ventures engaged in any similar or adjacent line of business (or one reasonably ancillary or complementary thereto,
or which is a reasonable extension, development or expansion thereof) in an aggregate amount, taken together with all other Investments made pursuant to this clause (l) that are at that time outstanding, not to exceed the greater
of $50 million and 15% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to Section 7.01 at any time outstanding; 

(m) Investments in joint ventures in the fire safety industry or other business line of a Loan Party, or any similar or adjacent line of
business (or one reasonably ancillary or complementary thereto, or which is a reasonable extension, development or expansion thereof), in the ordinary course of business, where applicable law requires equity ownership and supervision of regulated
activities by licensed individuals employed by the Restricted Subsidiary and the Restricted Subsidiary maintains either majority or less than majority ownership of Equity Interests of the joint venture and the right to prohibit the joint venture
from engaging in material transactions and transactions outside of the ordinary course of business; and 
 (n) Investments not to exceed
$20,000,000 in the aggregate consisting of Guarantees in favor of customers of Holdings, the Restricted Subsidiaries or joint ventures to which Holdings, the Borrower or a Restricted Subsidiary is a party. 

For all purposes of this Agreement, the amount of any Investment shall be the original costs of such Investment plus the cost of all additions thereto,
without adjustments for increases or decreases in value, write-ups, write-downs or write-offs with respect to such Investment, reduced by (without duplication of any reduction as a result of such Investment
(or any portion thereof) deemed to no longer be outstanding as of any date) any dividend, distribution, interest payment, return of capital, repayment or other amount received in cash by Holdings or a Restricted Subsidiary in respect of such
Investment. For the avoidance
of doubt, the amount of any investment held for the benefit of, in trust or escrow for, a Foreign Plan,
shall be zero. 

  
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The payment in the
ordinary course of business of a bona fide obligation owed by any Subsidiary to be paid by any other Subsidiary that would be permitted hereunder without the making of any Investment shall, to the extent effected in the form of an Investment, be
deemed to be a Permitted Investment. 
 “Permitted Junior Priority Refinancing Debt” means secured
Indebtedness incurred by any Loan Party in the form of one or more series of junior lien secured notes, bonds or debentures or junior lien secured loans; provided that 

(a) such Indebtedness is secured by all or a portion of the Collateral on a junior priority basis to the Liens on the Collateral securing the
Obligations and is not secured by any property or assets other than the Collateral, 
 (b) such Indebtedness satisfies the applicable
requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that ranks junior to the Liens on the
Collateral securing the Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), 

(c) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or the Collateral Agent shall become parties
to a Customary Intercreditor Agreement providing that the Liens on the Collateral securing such obligations shall rank junior to the Liens on the Collateral securing the Obligations and 

(d) such Indebtedness is not at any time guaranteed by any Restricted Subsidiary that is not a Loan Party. 

“Permitted Liens” means: 

(a) in the case of Real Property, rent deposits, easements, restrictions, exceptions, reservations or defects which, individually or in the
aggregate, (i) do not materially interfere with the ordinary conduct of the business of Holdings or any Restricted Subsidiary at such Real Property and (ii) do not materially affect the value thereof; 

(b) non-consensual Liens, if contested in good faith by appropriate proceedings and appropriate
reserves are maintained, in accordance with generally accepted accounting principles, with respect thereto; 
 (c) pledges or deposits to
secure obligations under workmen’s compensation, employment and unemployment insurance and other social security legislation or similar legislation or to secure performance in connection with bids, tenders and contracts (other than contracts
for the payment of borrowed money) to which Holdings or any Restricted Subsidiary is a party; 
 (d) deposits to secure public or statutory
obligations of Holdings or any Restricted Subsidiary; 

  
 56 

 (e) materialmen’s, landlords’, warehousemens’, mechanics’,
carriers’, workmen’s or similar Liens arising in the ordinary course of business, or deposits of cash or United States obligations to obtain the release of such Liens; 

(f) deposits to secure surety or performance bonds, trade contracts and leases (other than capital leases), indemnity agreements in connection
therewith and other obligations of a like nature or appeal bonds in proceedings to which Holdings or any Restricted Subsidiary is a party; 

(g) Liens for Taxes not yet due and payable or being contested in good faith by appropriate proceedings with adequate reserves on the books of
Holdings or any Restricted Subsidiary with respect thereto in accordance with GAAP; 
 (h) Leases, subleases or licenses of properties
owned, leased or licensed by Holdings or any Restricted Subsidiary, in each case, entered into in the ordinary course of business so long as such Leases, subleases and licenses are subordinate in all respects to the Liens granted and evidenced by
the Collateral Documents and do not, individually or in the aggregate, (i) interfere in any material respect with the ordinary conduct of the business of Holdings or any Restricted Subsidiary, or (ii) materially impair the use (for its
intended purposes) or the value of the property subject thereto; 
 (i) Liens solely on any cash earnest money deposits made by Holdings or
any Restricted Subsidiary in connection with any letter of intent or purchase agreement permitted hereunder; 
 (j) Liens in favor of
customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 

(k) Non-exclusive licenses of patents, trademarks, trade secrets, and other intellectual property
rights granted by Holdings or any Restricted Subsidiary in the ordinary course of business, which do not interfere in any material respect with the business of Holdings or any Restricted Subsidiary; 

(l) easements, rights-of-way, restrictions, encroachments,
protrusions and other similar encumbrances and minor title defects affecting Real Property which, in the aggregate, do not in any case materially interfere with the ordinary course of the business of Holdings or any Restricted Subsidiary; 

(m) judgment Liens securing judgments not constituting an Event of Default under Article IX; 

(n) Liens arising by virtue of deposits made in the ordinary course of business to secure liability for premiums to, including obligations in
respect of Letters of Credit or bank Guarantees for the benefit of insurance carriers; 
 (o) bankers, liens, rights of setoff and other
similar Liens on deposits in one or more accounts maintained by Holdings or any Restricted Subsidiary, in each case, granted in the ordinary course of business in favor of the bank or banks with which such accounts are maintained, securing amounts
owing to such bank with respect to cash management and operating account arrangements, including those involving pooled accounts and arrangements; 

(p) Liens in favor of Foreign Plans arising in the ordinary course of business; 

(q) Liens in favor of Canadian Pension Plans arising in the ordinary course of business that would not reasonably be expected to result in a
Material Adverse Effect; 

  
 57 

 (r) Liens in favor of any Guarantor; and 
 (s) Liens granted by any Restricted Subsidiary that
is not a Loan Party in favor of any Restricted Subsidiary that is not a Loan
Party.; and 

(t)
 Liens granted by A.P.I. pursuant to the A.P.I. Security Agreement.

 “Permitted Refinancing Indebtedness” means Indebtedness issued or incurred (including by means of the
extension or renewal of existing Indebtedness) to the extent used to refinance, refund, extend, renew or replace existing Indebtedness (“Refinanced Indebtedness”); provided that 

(a) the principal amount of such refinancing, refunding, extending, renewing or replacing Indebtedness is not greater than the principal
amount of such Refinanced Indebtedness plus the amount of any premiums or penalties and accrued and unpaid interest paid thereon and reasonable fees and expenses, in each case associated with such refinancing, refunding, extension, renewal or
replacement, 
 (b) such refinancing, refunding, extending, renewing or replacing Indebtedness has a final maturity that is no sooner than,
and a weighted average life to maturity that is no shorter than, such Refinanced Indebtedness, 
 (c) if such Refinanced Indebtedness or any
Guarantees thereof are subordinated to the Obligations, such refinancing, refunding, extending, renewing or replacing Indebtedness and any Guarantees thereof remain so subordinated and shall have a lien priority no greater than the priority of the
liens securing the Refinanced Indebtedness to the Liens securing the Obligations in accordance with, and otherwise subject to, the terms of a Customary Intercreditor Agreement, 

(d) if any Loan Party is an obligor in respect of such Refinanced Indebtedness immediately prior to such refinancing, refunding, extending,
renewing or replacing, any obligors in respect of such refinancing, refunding, extending, renewing or replacing Indebtedness must either (x) be a Loan Party or (y) have been an obligor in respect of such Refinanced Indebtedness immediately
prior to such refinancing, refunding, extending, renewing or replacing; provided, if a Loan Party organized in the United States of America or Canada is the primary obligor in respect of such Refinanced Indebtedness, the primary
obligor in respect of such refinancing, refunding, extending, renewing or replacing Indebtedness must be such Loan Party, 
 (e) (i) if such
Refinanced Indebtedness is secured, such refinancing, refunding, extending, renewing or replacing Indebtedness shall be (A) secured by only by property that secured such Refinanced Indebtedness (or a subset thereof) or (B) unsecured, (ii)
if such Refinanced Indebtedness is subject to an intercreditor agreement with the Indebtedness hereunder, such refinancing, refunding, extending, renewing or replacing Indebtedness if secured, shall be subject to a Customary Intercreditor Agreement
or Customary European Intercreditor Agreement, as appropriate, and (iii) if such Refinanced Indebtedness is unsecured, such refinancing, refunding, extending, renewing or replacing Indebtedness is unsecured and 

(f) such refinancing, refunding, extending, renewing or replacing Indebtedness contains covenants and events of default and is benefited by
Guarantees, if any, which, taken as a whole, are determined in good faith by a Responsible Officer of the Borrowers to not be materially less favorable to the Borrowers or the applicable Restricted Subsidiary and the than the covenants and events of
default or Guarantees, if any, in respect of such Refinanced Indebtedness. 

  
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 “Permitted Sale Leaseback Transaction” has the meaning specified in
Section 8.13. 
 “Permitted Swap Obligations” means all obligations
(contingent or otherwise) of Holdings or any Restricted Subsidiary existing or arising under Swap Contracts, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of
directly mitigating risks associated with liabilities, commitments or assets held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person in conjunction with a securities repurchase program not otherwise
prohibited hereunder, and not for purposes of speculation or taking a “market view”. 
 “Permitted Unsecured
Refinancing Debt” means unsecured Indebtedness incurred by any Loan Party in the form of one or more series of senior unsecured notes, bonds or debentures or loans; provided that (a) such Indebtedness satisfies the
applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” and (b) such Indebtedness is not at any time guaranteed by any Restricted Subsidiary that is not a Loan Party. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Personal Property Security Act” means the Personal
Property Security Act of the Province of Ontario (or of any other applicable province or territory of Canada), as such legislation may be amended, renamed or replaced from time to time, and includes all regulations from time to time made under
such legislation. 

“
PIPE Preferred Stock” means
 the 5.5% Series B Perpetual Convertible Preferred Stock issued by Holdings on or about the 2021 Incremental Effective Date.  

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA), other than
a Multiemployer Plan, Canadian Pension Plan or Foreign Plan, that is established, sponsored, maintained or contributed to by, or under which Holdings or any Restricted Subsidiary or, with respect to any such plan that is subject to Section 412
of the Code or Title IV of ERISA, any ERISA Affiliate, in any case, has any liability or obligation, whether fixed or contingent. 

“Platform” has the meaning specified in Section 7.02. 

“Pledge and Security Agreement” means the Pledge and Security Agreement, dated as of the Closing Date, executed by
each of the Loan Parties (other than the Canadian Subsidiaries) and the Administrative Agent for the benefit of the holders of the Obligations, as may be further amended or modified from time to time in accordance with the terms hereof. 

“Pledged Collateral” has the meaning assigned to it in each applicable Collateral Document. 

“Pounds Sterling” and the symbol “£” means the lawful currency of the United Kingdom. 

“primary obligor” has the meaning specified in the definition of “Guarantee”. 

“Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the
U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan”
rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). 

  
 59 

 “Prohibition” has the meaning specified in
Section 4.09. 
 “Pro Forma Basis” means, with respect to compliance
with any test or covenant hereunder, compliance with such covenant or test after giving effect to any proposed incurrence of Indebtedness, Permitted Acquisition, Asset Sale (which relates to assets meeting the definition of clause
(c) of the definition of “Investments”), the making of any Restricted Payment, Investment, Disposition or any designation of any Restricted Subsidiary as an Unrestricted Subsidiary or any Subsidiary Redesignation (including
pro forma adjustments arising out of events which are directly attributable to the proposed transaction, are factually supportable and are expected to have a continuing impact, in each case which adjustments (a) are based on reasonably detailed
written assumptions reasonably acceptable to the Administrative Agent and (b) are certified by a Responsible Officer of Holdings as having been prepared in good faith based upon reasonable assumptions) or other payment or event subject to a
test or covenant hereunder using, for purposes of determining such compliance, the historical financial statements of all entities or assets so acquired, sold or otherwise tested hereunder, or to be acquired, sold or tested hereunder, and the
consolidated financial statements of Holdings and the Restricted Subsidiaries which shall be reformulated as if such transaction or other event subject to testing, and any other such transactions or events subject to testing that have been
consummated or occurred during the period, and any Indebtedness or other liabilities incurred in connection with any such Permitted Acquisitions had been consummated and incurred at the beginning of such period. 

“Pro Forma Compliance” means, at any date of determination, that Holdings shall be in pro forma compliance with the
covenant set forth in Section 8.10 to the extent (unless otherwise stated herein to the contrary) that such covenant shall be applicable to Holdings at such time, as of the last day of the most recent
fiscal quarter end (computed on the basis of (a) balance sheet amounts as of the most recently completed fiscal quarter, and (b) income statement amounts for the most recently completed period of four consecutive fiscal quarters, in each
case, for which financial statements shall have been delivered to the Administrative Agent and calculated on a Pro Forma Basis in respect of the event giving rise to such determination). 

“Pro Forma Financial Statements” means a pro forma consolidated capitalization table as of September 30, 2019 and
related pro forma consolidated calculations of adjusted Consolidated EBITDA of Holdings as of and for the 12-month period ending June 30, 2019 prepared after giving effect to the Transactions as if such
transactions had occurred as of such date (in the case of such capitalization table) or at the beginning of such period (in the case of such calculations of adjusted Consolidated EBITDA). 

“Pro Rata Share” means, 

(a) with respect to each Term Loan Lender at any time, a percentage (carried out to the ninth decimal place) of the principal amount of the
Term Loans or any Tranche of Term Loans, as the case may be, funded by such Term Loan Lender and 
 (b) with respect to each Revolving
Credit Lender with respect to the Revolving Credit Loans, or any Tranche thereof, at any time, a percentage (carried out to the ninth decimal place), the numerator of which is the amount of the Revolving Credit Commitment of such Revolving Credit
Lender at such time and the denominator of which is the amount of the Total Revolving Credit Commitments at such time; provided that if the commitment of each Revolving Credit Lender to make Loans and the obligation of each L/C Issuer
to make L/C Credit Extensions have been terminated pursuant to Section 9.02, then the Pro Rata Share of each Revolving Credit Lender shall be determined based on the Pro Rata Share of such Revolving
Credit Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. 

  
 60 

 The initial Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule
2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

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

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may
be amended from time to time. 
 “Public Lender” has the meaning specified in
Section 7.02. 
 “QFC” has the meaning specified in
Section 11.25(b). 
 “QFC Credit Support” has the meaning specified
in Section 11.25. 
 “Qualified ECP Guarantor” means, in respect of
any Swap Obligations, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as
constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into
a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Real Property” means,
collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in Real Property owned, leased or operated by any Person, whether by lease, license or other means, together
with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership,
lease or operation thereof. 
 “Receivables Facility” means any of one or more customary market receivables
financing facilities, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the obligations of which are non-recourse (except for customary representations, warranties,
covenants and indemnities made in connection with such facilities) to Holdings or any Restricted Subsidiary (other than a Receivables Subsidiary) pursuant to which Holdings or any Restricted Subsidiary sells its accounts receivable to either
(a) a Person that is not an Affiliate of Holdings or (b) a Receivables Subsidiary that in turn sells its accounts receivable to a Person that is not an Affiliate of Holdings. 

“Receivables Subsidiary” means any Subsidiary formed for the purpose of, and that solely engages only in one or more
Receivables Facilities and other activities reasonably related thereto. 
 “Recovery Event” means any settlement of
or payment in respect of any property or casualty insurance claim or any taking under power of eminent domain or by condemnation or similar proceeding of or relating to any property or asset of Holdings or any Restricted Subsidiary (excluding, in
each case, business interruption insurance claims) provided that any recovery event described above having a value not in excess of $5,000,000 in any single transaction or series of related transactions shall be deemed not to be a
“Recovery Event” for purposes of this Agreement. 

  
 61 

 “Reference Date” has the meaning specified in the definition of
“Available Amount”. 
 “Refinanced Debt” has the meaning specified in the definition of “Credit
Agreement Refinancing Indebtedness.” 
 “Refinanced Indebtedness” has the meaning specified in the definition
of “Permitted Refinancing Indebtedness.” 
 “Refinancing Incremental Revolving Credit Commitments” has the
meaning assigned to such term in Section 2.14(a). 
 “Refinancing Incremental Term
Loans” has the meaning assigned to such term in Section 2.14(a). 

“Register” has the meaning set forth in Section 11.06(c). 

“Regulation” means the Council of the European Union Regulation No. 1346/2000 on Insolvency Proceedings. 

“Reinvestment Period” has the meaning specified in the definition of “Net Cash Proceeds”. 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors,
trustees, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Release”
means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Materials into or through the indoor or outdoor environment (including the
abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Materials), including the movement of any Hazardous Materials through the air, soil, surface water or groundwater.
“Released” has a meaning correlative thereto. 
 “Relevant
Governmental Body” means
(a) with respect to a Benchmark Replacement in respect of Dollars, the Board of Governors of the
Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto and
(b) with respect to a Benchmark Replacement in respect of any Alternative Currency, (1) the central bank for the currency in which such amounts are denominated hereunder or any central bank or other
supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (2) any working group or committee officially endorsed or convened by (A) the central bank for the currency in which such amounts are denominated, (B) any central bank or other supervisor that is responsible for supervising either (i) such Benchmark Replacement or
(ii) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the
30-day notice period has been waived. 
 “Repricing Transaction” means the
prepayment, refinancing, substitution or replacement of all or a portion of the
20202021 Incremental Term
Loans with the incurrence by Holdings or any Restricted Subsidiary of any new or replacement tranche of term loans bearing interest at an “effective” interest rate (with the comparative determinations to be made by the Administrative Agent
consistent with generally accepted financial practices, after giving effect to, among other factors, margin, interest rate 

  
 62 

 
floors, upfront or similar fees or original issue discount shared with all providers of such financing, but excluding the effect of any arrangement, structuring, syndication or other fees payable
in connection therewith that are not shared with all providers of such bank loans, and without taking into account any fluctuations in the Adjusted Eurocurrency Rate) that is less than the “effective” interest rate (as determined by the
Administrative Agent on the same basis) of such
20202021 Incremental Term
Loans, including as may be effected through any amendment to this Agreement relating to the “effective” interest rate of such 20202021 Incremental Term Loans. 

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a
Committed Loan Notice and (b) with respect to an L/C Credit Extension, a Letter of Credit Application. 
 “Required Foreign
Subsidiary” means any Restricted Subsidiary that is organized under the laws of England and Wales or the Netherlands (excluding any Excluded Subsidiary). 

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the sum of (a) the
Term Loans, (b) the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such Lender for purposes of this definition) and
(c) the aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes
of making a determination of Required Lenders. 
 “Required Prepayment Percentage” means 

(a) in the case of any Asset Sale or Recovery Event, 100% or, if on the date of the applicable prepayment, the First Lien Net Leverage Ratio
is less than or equal to 2.75 to 1.00 but greater than 2.25 to 1.00, 50%, or if on the date of the applicable prepayment, the First Lien Net Leverage Ratio is less than or equal to 2.25 to 1.00, 0%; 

(b) in the case of any issuance or other incurrence of Indebtedness (except as incurred pursuant to
Section 8.02), 100%; 
 (c) in the case of any Excess Cash Flow, 50%, or, if on the date of
the applicable prepayment, the First Lien Net Leverage Ratio is less than or equal to 2.75 to 1.00 but greater than 2.25 to 1.00, 25%, or if on the date of the applicable prepayment, the First Lien Net Leverage Ratio is less than or equal to 2.25 to
1.00, 0%; and 
 (d) in the case of any Permitted Sale Leaseback Transaction, 100%. 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK
Resolution Authority. 
 “Responsible Officer” means the chief executive officer, president, chief financial
officer, chief operating officer, treasurer or assistant treasurer or corporate secretary of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

  
 63 

 “Restricted Group” means, collectively, Holdings and the Restricted
Subsidiaries. 
 “Restricted Group Reconciliation Statement” means, with respect to any consolidated balance sheet
or statement of income, stockholders equity and cash flows of Holdings and its Subsidiaries, such financial statement (in substantially the same form) prepared on the basis of consolidating the accounts of Holdings and the Restricted Subsidiaries
and treating Subsidiaries other than Restricted Subsidiaries as if they were not consolidated with Holdings and otherwise eliminating all accounts of Subsidiaries other than Restricted Subsidiaries, together with an explanation of reconciliation
adjustments in reasonable detail. 
 “Restricted Payment” means 

(a) any dividend or other payment or distribution (except dividends or distributions payable solely in shares of such Person’s common
stock or to Holdings or any Restricted Subsidiary) with respect to any capital stock or other Equity Interest of Holdings or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such capital stock or other Equity Interest (other than any such capital stock or other Equity Interests owned by
Holdings or any Restricted Subsidiary), or on account of any return of capital to the stockholders, partners or members (or the equivalent Persons thereof) of any Restricted Subsidiary, 

(b) any Investment other than a Permitted Investment and 

(c) any prepayment, redemption, purchase, defeasance or other satisfaction prior to the scheduled maturity thereof in any manner, or payment
in violation of any applicable subordination terms, in each case, with respect to (i) any Indebtedness that is secured by a second priority Lien on the assets of Holdings or any Restricted Subsidiary and (ii) any Indebtedness that is
subordinated in right of payment to the Obligations. 
 “Restricted Subsidiary” means any Subsidiary of Holdings
that is not an Unrestricted Subsidiary. 
 “Retained Declined Proceeds” has the meaning specified in
Section 2.05(b)(vii). 
 “Revolving Credit Borrowing” means ana Revolving Credit Borrowing in
respect of the Initial Revolving Credit Commitments or any borrowing under any Extended Revolving Credit Tranche consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest
Period. 
 “Revolving Credit Commitment” means the Initial Revolving Credit Commitment and any Extended Revolving
Credit Commitments, as the context may require, and “Revolving Credit Commitments” means all of them, collectively. 

“Revolving Credit Facility” means the Initial Revolving Credit Facility and any Extended Revolving Credit
Tranche, as the context may require. 
 “Revolving Credit Lender” means, at any time, any Lender that has a
Revolving Credit Commitment or an outstanding Revolving Credit Loan at such time. 
 “Revolving Credit Loan” means
the Initial Revolving Credit Loans and any Extended Revolving Credit Loans, as the context may require. 

  
 64 

 “Revolving Credit Maturity Date” means, with respect to any Initial
Revolving Credit Loan, the Initial Revolving Credit Maturity Date, and with respect to any Revolving Credit Loan under any Extended Revolving Credit Tranche, the earlier of the maturity date set forth in the applicable Extension Amendment and the
date of termination in whole of the Extended Revolving Credit Commitments in respect of such Extended Revolving Credit Tranche and the Letter of Credit Commitments pursuant to Section 2.06 or
9.02. 
 “Revolving Credit Note” has the meaning specified in
Section 2.11(a). 

“
RFR” means,
 for any Obligations consisting of any interest, fees or other amounts denominated in Pounds Sterling, SONIA. 

“
RFR Administrator’s
 Website” means the SONIA
Administrator’s
 Website. 
 “RFR
Business Day” means for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to
Sterling, any day except for (a) a Saturday, (b) a Sunday or
(c) a day on which banks are closed for general business in London. 

“
RFR Loan” means
 a Loan that bears interest at a rate based on Daily Simple RFR. 
 “RFR
Rate Day” has the meaning assigned to such term in the definition of “Daily
 Simple
RFR”.
 
 “S&P” means Standard & Poor’s
Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto. 
 “Sanctioned Country”
means any country or territory that may, from time to time, be the target of Sanctions (presently, Cuba, Iran, North Korea, Syria, or the Crimea region of Ukraine). 

“Sanctioned Person” means any Person that is the target of Sanctions, including: (a) any Person listed in any
list of designated Persons maintained by OFAC or other applicable U.S. or non-U.S. authority under Sanctions; (b) any Person 50% or more owned or, where relevant under applicable Sanctions, controlled by
any such Person or Persons or acting for or on behalf of such Person; or (c) any person organized or ordinarily resident in a Sanctioned Country. 

“Sanctions” means comprehensive economic or financial sanctions or trade embargoes imposed, administered or enforced
from time to time by (a) the U.S. government, including those administered by the OFAC, (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom or (c) the government of Canada
(including, without limitation, Foreign Affairs, Trade and Development Canada and Public Safety Canada). 
 “Scheduled
Unavailability Date” has the meaning specified in Section 3.03(b). 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Second Lien Indebtedness” has the meaning specified in
Section 8.01(h). 
 “Section 2.16 Additional
Amendment” has the meaning specified in Section 2.16(c). 
 “Secured
Hedge Agreement” means any Swap Contract that is entered into by and between any Loan Party and any Hedge Bank. 

  
 65 

 “Secured Parties” means, collectively, the Administrative Agent, the
Collateral Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Lender Counterparties, each co-agent or sub-agent appointed by the Agents from time to time pursuant
to Section 10.01(b) and any other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents. 

“Secured Treasury Management Agreement” any Treasury Management Agreement that is entered into by and between any Loan
Party and any Lender Counterparty or any agreement governing a Designated Pari Passu Facility between a Foreign Subsidiary and a
Lender Counterparty. 
 “Senior Secured Net Leverage Ratio” means as of any date of determination,
the ratio of 
 (a) Consolidated Senior Secured Debt as of such date minus the unrestricted cash and Cash Equivalents of Holdings and
the Restricted Subsidiaries as of such date to 
 (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ending on
such date. 
 “Significant Subsidiary” means, at any date of determination, any Restricted Subsidiary that, either
individually or together with its subsidiaries which qualify as Restricted Subsidiaries, taken as a whole, has 
 (a) revenues in an amount
equal to at least 10% of the consolidated revenues of Holdings and its Subsidiaries for the most recently completed fiscal quarter for which the Lenders have received financial statements of Holdings and its Subsidiaries pursuant to
Section 7.01(a) or 7.01(b), 
 (b) assets in an amount equal to at least 10% of
the Consolidated Total Assets of Holdings and its Subsidiaries as of the last day of the most recently completed fiscal quarter for which the Lenders have received financial statements of Holdings and its Subsidiaries pursuant to
Section 7.01(a) or 7.01(b), or 
 (c) earnings in an amount equal to at least
10% of the consolidated net earnings of Holdings and its Subsidiaries for the most recently completed fiscal quarter for which the Lenders have received financial statements of Holdings and its Subsidiaries pursuant to
Section 7.01(a) or 7.01(b), in each case determined in accordance with GAAP for such period. 

“SK FireSafety Group Acquisition” means the acquisition on October 1, 2020 by Holdings or any Wholly-Owned
Restricted Subsidiary of SK FireSafety Group through the acquisition of all of the outstanding shares in the capital of Hephaestus III B.V., a besloten vennootschap met beperkte aansprakelijkheid (private limited liability company)
incorporated under the laws of the Netherlands. 

“
SOFR” means
 a rate per annum equal to the secured overnight financing rate for such Business Day published by the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate) on the website of the Federal Reserve Bank
of New York, currently at http://www.newyorkfed.org (or any successor source for the secured overnight financing rate identified as such by the administrator of the secured overnight financing rate from time to time). 

  
 66 

 “Solvent” and “Solvency” mean, with respect
to any Person on any date of determination, that on such date 
 (a) the fair value of the property of such Person is greater than the total
amount of liabilities, including, without limitation, contingent liabilities, of such Person, 
 (b) the present fair salable value of the
assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, 

(c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay
such debts and liabilities as they mature and 
 (d) such Person is not engaged in business or a transaction, and is not about to engage in
business or a transaction, for which such Person’s property would constitute an unreasonably small capital. 
 The amount of contingent
liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“
SONIA” means,
 with respect to any RFR Business Day, a rate per annum equal to the Sterling Overnight Index Average for such RFR Business Day published by the SONIA Administrator on the SONIA Administrator’s
 Website. 
 “SONIA
Adjustment” means
0.1193 % per annum. 

“
SONIA Administrator” means
 the Bank of England (or any successor administrator of the Sterling Overnight Index Average). 

“
SONIA Administrator’s
 Website” means the Bank of
England’s
 website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time. 

“SPC” has the meaning specified in Section 11.06(b)(vii). 

“Specified Acquisition Agreement Representations” means the representations made with respect to APi and its
Subsidiaries in the APi Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that Holdings has (or Holding’s Affiliate has) the right (taking into account any applicable cure provisions) to terminate
Holding’s (or its Affiliate’s) obligations to consummate the APi Acquisition (or to decline to consummate the APi Acquisition) under the APi Acquisition Agreement as a result of a breach of such representations. 

“
Specified Equity Proceeds” means
 the proceeds of the PIPE Preferred Stock. 
 “Specified Existing
Tranche” has the meaning specified in Section 2.16(a). 
 “Specified
Representations” means the representations and warranties set forth in Sections 6.01(a), 6.01(b) (solely as to the execution, delivery and performance of the Loan Documents), 6.02 (solely as to
due authorization), 6.02(a), 6.04, 6.14, 6.18, 6.20 (subject to the proviso at the end of Section 5.01(b), 6.23(a)
(solely as to the use of proceeds of the Loans on the Closing Date and compliance with the Patriot Act), 6.23(c) (solely as to the use of proceeds of the Loans on the Closing Date) and 6.24. 

  
 67 

 “Statutory Reserves” means a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by
the Board of Governors of the Federal Reserve System of the United States of America and any other banking authority, domestic or foreign, to which the Administrative Agent or any Lender (including any branch, Affiliate or other fronting office
making or holding a Loan) is subject for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Eurocurrency Rate Loans shall be deemed to constitute eurocurrency funding and to be
subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. Statutory Reserves shall be
adjusted automatically on and as of the effective date of any change in any reserve percentage. 
 “Subsidiary” of a
Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other
governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or
more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Holdings. 

“Subsidiary Guarantor” means, collectively, the Restricted Subsidiaries listed on Schedule 1.01(f) and
each other Restricted Subsidiary that shall be required to execute and deliver a Subsidiary Joinder Agreement pursuant to Section 7.12. 

“Subsidiary Joinder Agreement” means a joinder agreement substantially in the form of Exhibit F
or such other form approved by the Administrative Agent, executed and delivered by a Restricted Subsidiary in accordance with the provisions of Section 7.12. 

“Subsidiary Redesignation” has the meaning set forth in the definition “Unrestricted Subsidiary”. 

“Successor Company” has the meaning specified in Section 8.03(f). 

“Successor Rate” has the meaning specified in Section 3.03(b). 

“Successor Rate Conforming Changes” has the meaning specified in
Section 3.03(d). 
 “Supported QFC” has the meaning specified in
Section 11.25. 
 “Survey” means a survey of any Mortgaged Property
(and all improvements thereon) which is 
 (a) (i) prepared by a surveyor or engineer licensed to perform surveys in the jurisdiction
where such Mortgaged Property is located, 
 (ii) dated (or redated) not earlier than six months prior to the date of
delivery thereof unless there shall have occurred within six months prior to such date of delivery any exterior construction on the site of such Mortgaged Property or any easement, right of way or other interest in the Mortgaged Property has been
granted or become effective through operation of law or otherwise with respect to such Mortgaged Property which, in either case, can be depicted on a survey, in which events, as applicable, such survey shall be dated (or redated) after the
completion of such construction or if such construction shall not have been completed as of such date of delivery, not earlier than 20 days prior to such date of delivery, or after the grant or effectiveness of any such easement, right of way
or other interest in the Mortgaged Property, 

  
 68 

 (iii) certified by the surveyor (in a manner reasonably acceptable to the
Administrative Agent) to the Administrative Agent, the Collateral Agent and the Title Company, 
 (iv) complying in all
material respects with the minimum detail requirements of the American Land Title Association as such requirements are in effect on the date of preparation of such survey and 

(v) sufficient for the Title Company to remove all standard survey exceptions from the title insurance policy (or commitment)
relating to such Mortgaged Property and issue the endorsements of the type required by Section 7.12(b) or 

(b) otherwise reasonably acceptable to the Collateral Agent. 

“Swap Contract” means 

(a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity
options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate swaps and options, forward
foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of
any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and 

(b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a
“Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
 “Swap
Obligation” means, with respect to Holdings or any Restricted Subsidiary, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the
Commodity Exchange Act. 
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after
taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, 
 (a) for any date on or after
the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and 

(b) for any date prior to the date referenced in the preceding clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations
provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

  
 69 

 “Synthetic Lease Obligation” means the monetary obligation of a
Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating
obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Target Operating Day” means any date that is not (a) a Saturday or Sunday, (b) Christmas Day or New
Year’s Day or (c) any other day on which the Trans-European Real-time Gross Settlement Express Transfer payment system (or any successor settlement system) is not operating (as determined by the Administrative Agent). 

“Tax Compliance Certificate” has the meaning specified in
Section 11.14(a). 
 “Taxes” has the meaning specified in
Section 3.01(a). 
 “Term Loan” means an Initial Term Loan, a New
Term Loan (including any 2020 Incremental Term Loan and any 2021 Incremental Term Loan) and/or an Extended Term Loan,
as the context may require. 
 “Term Loan Borrowing” means a Borrowing comprised of Initial Term Loans or New Term
Loans, as the context may require. 
 “Term Loan Commitment” means an Initial Term Loan Commitment or a New Term
Loan Commitment (including any 2020 Incremental Term Loan Commitment and any 2021 Incremental Term Loan Commitment),
as the context may require. 
 “Term Loan Facility” means the Initial Term Loan Facility or any New Term Loan
Facility (including the 2020 Incremental Term Loan Facility and any 2021 Incremental Term Loan Facility), as the
context may require. 
 “Term Loan Lender” means an Initial Term Loan Lender or a Lender in respect of a New Term
Loan Facility (including any 2020 Incremental Term Loan Lender and any 2021 Incremental Term Loan Lender), as the
context may require. 
 “Term Loan Maturity Date” means the Initial Term Loan Maturity Date, any New Term Loan
Maturity Date (including the 2020 Incremental Term Loan Maturity Date and the 2021 Incremental Term Loan Maturity
Date) or, with respect to any Extended Term Loan, the maturity date set forth in the applicable Extension Amendment, as the case may be. 

“Term Loan Note” has the meaning specified in Section 2.11(a). 

“
Term
SOFR” means,
 for the applicable corresponding tenor, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Test Period” means a period of four consecutive fiscal quarters. 

“Threshold Amount” means $75,000,000. 

“Title Company” means Chicago Title Insurance Company or any other title insurance company as shall be retained by
Borrowers and reasonably acceptable to the Administrative Agent. 
 “Title Policy” shall have the meaning assigned
to such term in Section 7.12(b)(i). 

  
 70 

 “Total Net Leverage Ratio” shall mean, on any date of determination,
the ratio of 
 (a) Consolidated Indebtedness on such date minus the unrestricted cash and Cash Equivalents of Holdings and the
Restricted Subsidiaries as of such date to 
 (b) Consolidated EBITDA for the period of four fiscal quarters most recently ending on such
date. 
 “Total Outstandings” means the aggregate Outstanding Amount of all Revolving Credit Loans and all L/C
Obligations. 
 “Total Revolving Credit Commitment” means, at any time, the aggregate amount of the Revolving Credit
Commitments, as in effect at such time. The aggregate amount of Total Revolving Credit Commitment on the Closing2021 Incremental Amendment
Funding Date is
$300,000,000500,000,000.

 “Trade Date” has the meaning specified in Section 11.06(b)(vi)(B).

 “Tranche” means (a) with respect to Term Loans or commitments, refers to whether such Term Loans or
commitments are (1) Initial Term Loans or Initial Term Loan Commitments, (2) New Term Loans with the same terms and conditions made on the same day and increased from time to time or (3) Extended Term Loans (of the same Extended
Tranche) and (b) with respect to Revolving Credit Loans or commitments, refers to whether such Revolving Credit Loans or commitments are (1) Initial Revolving Credit Commitments or Initial Revolving Credit Loans or (2) Extended
Revolving Credit Loans or Extended Revolving Credit Commitments (of the same Extended Tranche). 
 “Transactions”
means (a) the borrowing of the Loans on the Closing Date, (b) the Borrower Equity Contribution, (c) the Committed Warrant Exchange and Rollover, (d) the Non-Founder Warrant Exchange, if
any, (e) the APi Acquisition and (f) the Existing Credit Agreement Refinancing and the payment of fees, costs and expenses in connection therewith. 

“Treasury Management Agreement” means any agreement governing the provision of treasury or cash management services,
including deposit accounts, pool accounts, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation, credit cards and reporting and trade finance services.

 “Triggering Event” shall have the meaning set forth in
Section 8.10(a). 
 “Type” means, with respect to a Loan, its
character as a Base Rate Loan
or, a Eurocurrency Rate
Loan or an RFR Loan. 

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from
time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 
 “UK
Insolvency Event” means, in relation to any UK Loan Party, (a) such entity (i) is unable or admits an inability to pay its debts as they fall due, (ii) is declared to be unable to pay its debts under applicable law,
(iii) suspends making payments on any of its debts, or (iv) by reason of actual or anticipated financial difficulties, commences negotiations in writing with one or more of its creditors 

  
 71 

 
(excluding the Lenders in their capacity as such) with a view to rescheduling any of its indebtedness; (b) a moratorium is declared in respect of any indebtedness of any such entity (and if
a moratorium occurs, the ending of the moratorium will not remedy any Event of Default caused by that moratorium); (c) (i) any resolution is passed or order made for a moratorium of any indebtedness, the
winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise, other than a solvent reconstruction) of that UK Loan Party, (ii) any
composition, compromise, assignment or arrangement with any creditor of that UK Loan Party, (iii) the appointment of a liquidator, receiver, administrative receiver, administrator, compulsory manager or other similar officer in respect of any
such entity or any of such entity’s assets, or (iv) any analogous procedure or step is taken in any jurisdiction, unless in each case under this paragraph (c), such action is permitted under this Agreement, or such winding-up petition is frivolous or vexatious and is discharged stayed or dismissed within 30 days of commencement. 

“UK Loan Party” means any Loan Party incorporated in or organized under the laws of England and Wales. 

“UK Pensions Regulator” means the body corporate known as the Pensions Regulator and established by Part 1 of the UK
Pensions Act 2004 (or any successor or replacement body from time to time). 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility
for the resolution of any UK Financial Institution. 
 “Unaudited Financial Statements of APi” means the unaudited
consolidated balance sheet of APi for the six-month period ended June 30, 2019 and the related consolidated statements of income and cash flows for such period. 

“Unaudited Financial Statements of Holdings” means the unaudited statement of financial position of Holdings for the six-month period ended February 28, 2019 and the related statements of comprehensive income (loss), changes in equity and cash flows for such period. 

“Uniform Commercial Code” and “UCC” mean (i) the Uniform Commercial Code as the same may
from time to time be in effect in the State of New York or (ii) the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. References in this
Agreement and the other Loan Documents to specific sections of the Uniform Commercial Code are based on the Uniform Commercial Code as in effect in the State of New York on the Closing Date. In the event such Uniform Commercial Code is amended or
another Uniform Commercial Code described in clause (ii) is applicable, such section reference shall be deemed to be references to the comparable section in such amended or other Uniform Commercial Code. 

“United States” and “U.S.” mean the United States of America. 

“Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i).

 “Unrestricted Subsidiary” means 

(a) any Subsidiary of Holdings designated by Holdings as an Unrestricted Subsidiary hereunder by written notice to the Administrative Agent;
provided that Holdings shall only be permitted to so designate an Unrestricted Subsidiary after the Closing Date and so long as 

  
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 (i) no Default or Event of Default has occurred and is continuing or would
result therefrom, 
 (ii) immediately after giving effect to such designation, Holdings shall be in Pro Forma Compliance with
the financial covenant set forth in Section 8.10 (whether or not such covenant is then applicable), 

(iii) such Unrestricted Subsidiary shall be capitalized (to the extent capitalized by Holdings or any Restricted Subsidiary)
through Investments as permitted by, and in compliance with, Section 8.05, 

(iv) without duplication of the preceding clause (iii), any assets owned by such Unrestricted Subsidiary at the time of
the initial designation thereof shall be treated as Investments pursuant to Section 8.05, and 

(v) Holdings shall have delivered to the Administrative Agent a certificate executed by a Responsible Officer of Holdings,
certifying compliance with the requirements of the preceding clauses (i) through (v), and containing the calculations required by the preceding clause (ii) and 

(b) any Subsidiary of an Unrestricted Subsidiary. Holdings may designate any Unrestricted Subsidiary to be a Restricted Subsidiary for
purposes of this Agreement by written notice to the Administrative Agent (each, a “Subsidiary Redesignation”); provided that 

(A) no Default or Event of Default has occurred and is continuing or would result therefrom, 

(B) immediately after giving effect to such Subsidiary Redesignation, Holdings shall be in Pro Forma Compliance with the
financial covenant set forth in Section 8.10 (whether or not such covenant is then applicable), 

(C) any Indebtedness of the applicable Subsidiary and any Liens encumbering its property existing as of the time of such
Subsidiary Redesignation shall be deemed newly incurred or established, as applicable, at such time, and 
 (D) Holdings
shall have delivered to the Administrative Agent a certificate executed by a Responsible Officer of Holdings, certifying compliance with the requirements of the preceding clauses (A) and (B), and containing the
calculations required by the preceding clause (B). 
 Notwithstanding the foregoing, any Unrestricted Subsidiary that has been re-designated a Restricted Subsidiary may not be subsequently re-designated as an Unrestricted Subsidiary. No Borrower or any Subsidiary of Holdings that is a direct or
indirect parent of any Borrower may be designated as an Unrestricted Subsidiary. No Unrestricted Subsidiary shall own any intellectual property that is used in and material to the operation of the business of any of the Loan Parties. Notwithstanding
any provision of the Loan Documents, actions taken directly by an Unrestricted Subsidiary will not be deemed to have been taken, directly or indirectly, by Holdings or any Restricted Subsidiary. 

“
Unsecured Intercreditor
Agreement” means
 the Intercreditor Agreement, dated as of the 2021 Incremental Amendment Funding Date, between the Collateral Agent, the Original Unsecured Notes Trustee (as defined therein) and the other parties thereto from time to time. 

  
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 “U.S. Special Resolution Regimes” has the meaning specified in
Section 11.25. 
 “US Borrower” means any Borrower that is treated as
a United States person within the meaning of Section 7701(a)(30) of the Code. 
 “US LIBO Rate” has the meaning
assigned to such term in the definition of “Eurocurrency Rate”. 
 “US Subsidiary” means any Restricted
Subsidiary that is organized under the laws of any political subdivision of the United States. 
 “Valuation Date”
means (i) in connection with borrowing any Revolving Credit Loan, the date two Business Days prior to the making, continuing or converting of any Revolving Credit Loan, (ii) in connection with the repayment of any Revolving Credit Loan,
the date of such repayment and (iii) in connection with any other determination of the Dollar Equivalent of any amount, the date of such determination. 

“Voluntary Prepayment” means a prepayment of principal of Term Loans pursuant to
Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in
Section 2.07 in any subsequent year. 
 “Wholly-Owned Restricted
Subsidiary” means any Restricted Subsidiary all of the Equity Interests in which (except directors’ qualifying shares) are, at the time, directly or indirectly owned by Holdings. 

“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel,
reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any
other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 
 “Yen”
 and the symbol “¥” means the lawful currency of Japan. 

“Yield” means, with respect to any Term Loan or New Term Loan, as the case may be, on any date of determination as
reasonably determined by the Administrative Agent in consultation with Holdings and consistent with generally accepted financial practices, the sum of (x) any interest rate margin applicable to such Indebtedness, (y) if such Indebtedness
is initially issued at a discount or the lenders making the same receive up-front fees (other than customary arrangements and commitment fees and, if applicable, consent fees for amendments) directly or
indirectly from or on behalf of the borrower thereunder for doing so (the amount of such discount or fee, expressed as a percentage of the applicable Indebtedness, being referred to herein as “OID”), the amount of such OID
divided by the lesser of (A) the average life to maturity of such Indebtedness and (B) four and (z) the
applicable Eurocurrency Rate (or a Benchmark Replacement in respect thereof) or Base Rate
“floor”. 
 “Yield Differential” has the meaning specified in
Section 2.14(d). 

  
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 1.02 Other Interpretive Provisions. With reference to this Agreement
and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The meanings of defined terms are
equally applicable to the singular and plural forms of the defined terms. 
 (b) (i) The words “herein,”
“hereto,” “hereof” and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 

(ii) Article, Section, Exhibit and Schedule references are to the Loan Document in which such reference appears. 

(iii) The term “including” is by way of example and not limitation. 

(iv) The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports,
financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (c) In the computation of periods of
time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the
word “through” means “to and including.” 
 (d) Section headings herein and in the other Loan Documents
are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

1.03 Accounting Terms. 

(a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner
consistent with that used in preparing the Audited Financial Statements of APi, except that the Audited Financial Statements of Holdings and the Unaudited Financial Statements of Holdings were prepared in accordance with IFRS and as otherwise
specifically prescribed herein. 
 (b) If at any time any change in GAAP would affect the computation of any financial ratio or requirement
set forth in any Loan Document, and either Holdings or the Required Lenders shall so request, the Administrative Agent, the Lenders and Holdings shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof
in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein
and (ii) Holdings shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP. Any change in GAAP occurring after, but not including, December 31, 2018 that would require on or after January 1, 2019 a lease liability of Holdings for
operating leases to be treated as a capital lease or an on-balance sheet asset or on-balance sheet liability shall be disregarded for the purposes of determining
Indebtedness and any financial ratio or compliance or covenant requirement contained in any Loan Document. 

  
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 (c) In connection with the anticipated J2 Domestication Merger, it is anticipated that the
historical financial statements of APi, including the Audited Financial Statements of APi will be revised to comply with GAAP applicable to public companies (such revised financial statements being referred to herein as the “Public Company
Financial Statements”). In preparing the Public Company Financial Statements, it is anticipated that APi will need to apply certain accounting standards under GAAP that were not applicable to the historical financial statements of APi. It is
anticipated that the expected differences are as follows: 
 (i) the application of ASC 606 (related to revenue recognition),
anticipated to be adopted as of January 1, 2018, using the modified-retrospective method of adoption; 
 (ii) the
application of ASC 842 (related to leases), anticipated to be applied prospectively as of January 1, 2019; and 
 (iii)
the anticipated restatement of goodwill to (a) separately classify certain amounts as customer relationship intangible assets, (b) to reverse the effects of amortizing goodwill, and (c) adjust for any impairment charges not previously
recorded under the private company standards. 
 1.04 Rounding. Any financial ratios required to be maintained by
Holdings pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up
or down to the nearest number (with a rounding-up if there is no nearest number). 
 1.05
References to Agreements and Laws. Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all
subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and
(b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

1.06 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time
(daylight or standard, as applicable). 
 1.07 Letter of Credit Amounts. Unless otherwise specified herein, the amount
of a Letter of Credit at any time shall be deemed to be the available amount of such Letter of Credit at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any
Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum available amount of such Letter of Credit after giving effect to all
such increases, whether or not such maximum amount may be drawn immediately at such time. 
 1.08 Conversion of Foreign
Currencies. 
 (a) For purposes of determining compliance as of any date after the 2020 Incremental Amendment Effective Date with
Section 2.14, Article VII, Article VIII (other than Section 8.10 and the calculation of the First Lien Net Leverage Ratio in
connection therewith), Article IX or for any other calculation or determination hereunder, any relevant amount (including any amount of Indebtedness incurred or outstanding) that is denominated in any currency other than Dollars shall
be translated into Dollars at the currency exchange rates for corresponding items used in preparing Holdings’ financial statements for the last Test Period for which financial statements have been delivered pursuant to Section 

  
 76 

 
7.01 and will, in the case of Indebtedness, reflect the currency translation effects, determined in accordance with GAAP. For purposes of
Section 8.10 and the calculation of compliance with the First Lien Net Leverage Ratio for purposes of taking any action thereunder, on any relevant date of determination, amounts denominated in
currencies other than Dollars shall be translated into Dollars at the applicable currency exchange rate used in preparing the financial statements delivered pursuant to Sections 7.01(a) or (b), as applicable, for the relevant Test
Period. 
 (b) For the avoidance of doubt, no Default or Event of Default shall be deemed to have occurred solely as a result of a change in
the rate of currency exchange occurring after the time of any relevant transaction so long as such relevant transaction was permitted at the time incurred, made, acquired, or entered into (subject to
Section 1.10) as set forth in clause (a) of this Section 1.08. 

(c) The Administrative Agent (or any L/C Issuer) shall translate the face amount of any Letter of Credit denominated in any other currency
into Dollars at the Exchange Rate on (i) the date of any issuance, amendment or extension of any Letter of Credit, (ii) each date on which the outstanding amount of the Revolving Loans is translated into Dollars pursuant to clause
(d) of this Section 1.08 and (iii) at any time a Default or an Event of Default has occurred and is continuing, from time to time as determined by the Administrative Agent in its reasonable
discretion upon reasonable notice to Holdings. 
 (d) The Administrative Agent shall translate the outstanding amount of any Revolving
Credit Loan denominated in any other currency into Dollars at the Exchange Rate on (i) each date the Borrower delivers a notice requesting a Borrowing, conversion or continuation pursuant to
Section 2.02(a) or the beginning of each Interest Period with respect to any Borrowing, (ii) each date on which the face amount of any Letter of Credit denominated in any other currency is
translated into Dollars pursuant to clause (c) of this Section 1.08, (iii) the date of payment of the fee due pursuant to Section 2.09(a) and
(iv) at any time a Default or an Event of Default has occurred and is continuing, from time to time as determined by the Administrative Agent in its reasonable discretion upon reasonable notice to Holdings. 

(e) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to
time specify with Holdings’ consent to appropriately reflect a change in currency of any country and any relevant market convention or practice relating to such change in currency. The Administrative Agent shall determine the Dollar Equivalent
of any amount as of each Valuation Date (whether to determine compliance with any covenants specified herein or otherwise, subject to clause (b) of this Section 1.08), and a determination thereof
by the Administrative Agent shall be conclusive absent manifest error. Such determination shall become effective as of such Valuation Date. The Administrative Agent may, but shall not be obligated to, rely on any determination made by any Loan Party
in any document delivered to the Administrative Agent. The Administrative Agent may determine or redetermine the Dollar Equivalent of any amount on any date either in its reasonable discretion or upon the reasonable request of any Lender or L/C
Issuer. 
 (f) The Administrative Agent may set up appropriate rounding off mechanisms or otherwise
round-off amounts hereunder to the nearest higher or lower amount in whole Dollar or cent to ensure amounts owing by any party hereunder or that otherwise need to be calculated or converted hereunder are
expressed in whole Dollars or in whole cents, as may be necessary or appropriate. 
 1.09 Divisions. Any reference
herein to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series
of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale or transfer, or similar term, as applicable, to, of or with a separate
Person. Any division of a limited liability company shall constitute a separate Person hereunder 

  
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(and each division of any limited liability company that is a Subsidiary, Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall also constitute such a Person
or entity). For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of
any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new
Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. 

1.10 Limited Condition Transactions. For purposes of (a) determining compliance with any provision of this Agreement
which requires the calculation of the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio, the Total Net Leverage Ratio or the Fixed Charge Coverage Ratio, (b) testing availability under any basket (including any basket
measured as a percentage of Consolidated EBITDA or Consolidated Total Assets) or (c) determining compliance with the accuracy of any representations and warranties or the absence of any Default or Event of Default, in each case, in connection
with a Limited Condition Transaction, if Holdings makes an LCA Election, the date of determination for calculation of any such ratios or baskets shall be deemed to be the LCA Test Date and if, after giving pro forma effect to the Limited Condition
Transaction and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) as if they had occurred at the beginning of the most recent test period ending prior to the
LCA Test Date, Holdings or any Restricted Subsidiary could have taken such action on the relevant LCA Test Date in compliance with such ratio or basket, such ratio or basket shall be deemed to have been complied with. For the avoidance of doubt, if
Holdings has made an LCA Election and any of the ratios or baskets for which compliance was determined or tested as of the LCA Test Date are exceeded as a result of fluctuations in any such ratio or basket, including fluctuations in Consolidated
EBITDA or Consolidated Total Assets of Holdings or the target Person(s) subject to such Limited Condition Transaction, at or prior to the consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been
exceeded as a result of such fluctuations. If Holdings has made an LCA Election for any Limited Condition Transaction, then in connection with any subsequent calculation of any ratio or basket availability with respect to any other Permitted
Acquisition or Investment on or following the relevant LCA Test Date and prior to the earlier of (i) the date on which such Limited Condition Transaction is consummated or (ii) the date that the definitive agreement for such Limited
Condition Transaction is terminated or expires without consummation of such Limited Condition Transaction, any such ratio or basket (other than, in the period prior to funding of a Permitted Acquisition or Investment financed with any Incremental
Facilities, any basket measured as a percentage of Consolidated EBITDA) shall be calculated on a Pro Forma Basis assuming such Limited Condition Transaction and other transactions in connection therewith (including any incurrence of Indebtedness and
the use of proceeds thereof) have been consummated. 
 1.11 Dutch Terms.  

In this Agreement, where it relates to a Dutch entity, a reference to: 

(a) all necessary corporate or other organizational action, where applicable, includes without limitation: 

(i) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and 

(ii) obtaining positive or neutral advice (advies) from each competent works council (ondernemingsraad), which if
conditional, contains conditions which can reasonably be complied with and would not cause a breach of any term of any Loan Document; 

  
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 (b) a bankruptcy, winding-up, administration or
dissolution includes a Dutch entity being: 
 (i) declared bankrupt (failliet verklaard); 

(ii) dissolved (ontbonden); 

(c) a moratorium includes surseance van betaling and granted a moratorium includes surseance verleend; 

(d) a liquidator includes a curator; 

(e) an administrator includes a bewindvoerder; 

(f) a receiver or an administrative receiver does not include a curator or bewindvoerder; and 

(g) an attachment includes a beslag. 

1.12 Belgian Terms.  

In this Agreement, where it relates to an entity or Loan Party incorporated in Belgium or the context so requires, a reference to: 

(a) gross negligence means zware fout/faute grave; 

(b) a liquidator, compulsory manager, receiver, administrative receiver, administrator or similar officer
includes any insolventiefunctionaris/praticien de l’insolvabilité, curator/curateur, vereffenaar/liquidateur, gedelegeerd rechter/juge délégué, gerechtsmandataris/mandataire de justice, voorlopig
bewindvoerder/administrateur provisoire, gerechtelijk bewindvoerder administrateur judiciaire, mandataris ad hoc/mandataire ad hoc and ondernemingsbemiddelaar/médiateur d’entreprise, as applicable; 

(c) a person being unable to pay its debts is that person being in a state of cessation of payments (staking van betaling/cessation
de paiements); 
 (d) insolvency includes any insolventieprocedure/procedure d’insolvabilité, gerechtelijke
reorganisatie/réorganisation judiciaire, faillissement/faillite and any other concurrence between creditors (samenloop van schuldeisers/concours des créanciers); 

(e) a suspension of payments, moratorium of any indebtedness or reorganisation includes any gerechtelijke
reorganisatie/réorganisation judiciaire or staking van betaling/cessation de paiements; 
 (f) commences negotiations
with one or more of its creditors with a view to rescheduling any of its indebtedness includes any negotiations conducted with a view to reaching a settlement agreement (minnelijk akkoord/accord amiable) with two or more of its creditors
pursuant to Book XX of the Belgian Economic Law Code (Wetboek Economisch Recht/Code de droit économique); 
 (g) a
composition, compromise, assignment or arrangement includes a minnelijk akkoord met schuldeisers/accord amiable avec des créanciers, collectief akkoord/accord collectif or reorganisatie door overdracht onder
gerechtelijk gezag/réorganisation par transfert sous autorité de justice, as applicable; 

  
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 (h) winding-up, administration or
dissolution includes any vereffening/liquidation, ontbinding/dissolution, faillissement/faillite and sluiting van een onderneming/ fermeture d’une entreprise; 

(i) an attachment, sequestration, execution or analogous process includes any uitvoerend beslag/saisie exécutoire,
sekwester/séquestre and bewarend beslag/saisie conservatoire; 
 (j) an amalgamation, demerger, merger or
consolidation includes a overdracht van algemeenheid/transfert d’universalité, overdracht van bedrijfstak/transfert de branche d’activité, splitsing/scission and fusie/fusion and an assimilated
transaction (gelijkgestelde verrichting/opération assimilée) in accordance with the Belgian Code of Companies and Associations; 

(k) a successor means an algemene rechtsopvolger/successeur universel; 

(l) the Belgian Civil Code means the Belgian Burgerlijk Wetboek/Code Civil, as amended from time to time; 

(m) the Belgian Code of Companies and Associations means the Belgian Wetboek van vennootschappen en verenigingen/Code des
sociétés et des associations, as amended from time to time; 
 (n) the Belgian Financial Collateral Law means the
Belgian law of 15 December 2004 on financial collateral, as amended from time to time; 
 (o) the Organization Documents of a
Loan Party incorporated in Belgium include its oprichtingsakte/acte constitutif and the gecoördineerde statuten/statuts coordonnés; 

(p) a guarantee means, only for the purpose of the guarantee granted by a Guarantor incorporated in Belgium under this Agreement, an
independent guarantee and not a surety (borg/cautionnement); and 
 (q) an entity or Loan Party being incorporated in Belgium
or of which its jurisdiction of incorporation is Belgium, means that that entity or Loan Party has its statutory seat in Belgium. 

1.13 Rates.

 The
Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with respect to
(a) the continuation of, administration of, submission of, calculation of or any other matter related to any Benchmark,
any component definition thereof or rates referenced in the definition thereof or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such
alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same
value or economic equivalence of, or have the same volume or liquidity as, such Benchmark or any other Benchmark prior to its discontinuance or unavailability, or
(b) the effect, implementation or composition of any Benchmark Replacement Conforming Changes. The Administrative Agent
and its affiliates or other related entities may engage in transactions that affect the calculation of any Benchmark, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each
case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any Benchmark, any component definition thereof or rates referenced in the definition thereof,
in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential
damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error
or calculation of any such rate (or component thereof) provided by any such information source or service. 

  
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 ARTICLE II. 

THE COMMITMENTS AND CREDIT EXTENSIONS 

2.01 The Loans. 

(a)
Subject to the terms and conditions set forth herein, 
 (i) each Initial Term Loan Lender severally agrees to make term
loans (each such loan, an “Initial Term Loan”) to the Initial Borrower on the Closing Date in Dollars in the aggregate amount of such Term Loan Lender’s Term Loan Commitment and, 

(ii) each 2020 Incremental Term Loan Lender severally agrees to make 2020 Incremental Term Loans to the Initial Borrower on the 2020 Incremental Amendment Effective Date in Dollars in an aggregate amount of up to such 2020 Incremental Term Loan Lender’s 2020
Incremental Term Loan Commitment.
and 

(iii)
 each 2021 Incremental Term Loan Lender severally agrees to make 2021
Incremental Term Loans to the Borrower on the 2021 Incremental Amendment Funding Date in Dollars in an aggregate amount of up to such 2021 Incremental Term Loan
Lender’s
 2021 Incremental Term Loan Commitment. 
 Amounts repaid or prepaid in respect of Term
Loans may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. 
 (b) Subject to the terms and conditions set forth herein, each Initial Revolving
Credit Lender severally agrees to make revolving loans (each such loan, an “Initial Revolving Credit Loan”) in Dollars or an Alternative Currency to athe Borrower from time to time, on any Business Day during the Initial Availability Period, in an aggregate amount up to, at any time outstanding, such Initial Revolving Credit Lender’s Initial Revolving Credit
Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, the Total Outstandings shall not exceed the Total Revolving Credit Commitments. Within the limits of each Revolving Credit
Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, a Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this
Section 2.01. Revolving Credit Loans may be Base Rate Loans or, Eurocurrency Rate Loans or RFR Loans, as further provided herein. Each Revolving Credit Borrowing
(including any deemed Revolving Credit Borrowings made pursuant to Section 2.03) shall be allocated pro rata among the outstanding Tranches of Revolving Credit Commitments. Revolving Credit Loans denominated in Pounds Sterling shall be RFR Loans.

 2.02 Borrowings, Conversions and Continuations of Loans. 

(a) (1) Except as set forth below in clause (2) with respect to Revolving Credit Loans that are Eurocurrency Rate Loans or RFR Loans and New Term Loans, in each case denominated in a currency other than Dollars, each Borrowing, each conversion of
Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon any Borrower’s irrevocable notice to the Administrative Agent; provided that such notice may state that such notice is
conditioned upon the receipt of proceeds of any refinancing facilities, the effectiveness of other credit facilities or the consummation of an acquisition or sale, in which case such notice may be revoked by the Borrower by notice to the
Administrative Agent on or prior to the specified effective date if such condition is not satisfied. Each such 

  
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notice must be received by the Administrative Agent not later than (i) 12:00 p.m. on the third Business Day prior to the date of the proposed Loans in the case of Eurocurrency Rate Loans or
(ii) 11:00 a.m. on the same Business Day of the proposed Loans in the case of Base Rate Loans. The applicable Borrower shall deliver such notice to the Administrative Agent in the form of a written Committed Loan Notice, appropriately completed and
signed by a Responsible Officer of the applicable Borrower. Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $2,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as
provided in Section 2.03(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $2,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Committed Loan
Notice shall specify (i) whether such Borrower is requesting a Borrowing of Term Loans, a Revolving Credit Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date
of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued and location of the account to which funds are to be disbursed,
(iv) the Type of Loans to be borrowed or to which existing Tranche are to be converted, (v) if such Borrowing is a Revolving Credit Borrowing, whether such Borrowing is in Dollars,
Yen, Pounds Sterling or Euro and (vi) if applicable, the duration of the Interest Period with respect thereto. If such Borrower fails to specify a Type of
Loan in a Committed Loan Notice or if such Borrower fails to give a timely notice requesting a conversion or continuation, then Loans (other than Loans denominated in an Alternative Currency) shall be made as, or converted to, Base Rate Loans (other than in the case of Loans bearing interest based on Daily Simple SOFR, which shall be continued as Loans bearing interest based on
Daily Simple SOFR). Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If such Borrower fails to specify
an Interest Period with respect to a Eurocurrency Rate Loan, it will be deemed to have specified an Interest Period of one month. Any Lender may make, carry or transfer Eurocurrency Rate Loans or RFR Loans at, to or for the account of any of its branch offices or the office of any Affiliate of such Lender. 

(2) Each Borrowing and each continuation of Revolving Credit Loans that are Eurocurrency Rate Loans or RFR Loans and New Term Loans, in each case denominated in a currency other than Dollars, shall be made upon any
Borrower’s irrevocable notice to the Administrative Agent. Each such notice must be received by the Administrative Agent not later than 12:00 p.m. on the fourth Business Day
(or RFR Business Day in the case of RFR Loans) prior to the date of the proposed borrowing or continuation of such
Eurocurrency Rate Loans; provided, that in the case of a Borrowing or continuation of Revolving Credit Loans in Yen, such notice must be received by the Administrative Agent not later than 2:00 p.m. on the fourth Business
Day prior to the date of the proposed borrowing or continuation of such Eurocurrency Rate Loans or
RFR Loans. Each Borrowing of or continuation of such Eurocurrency Rate Loans or RFR Loans shall be in a principal amount that is not less than the Minimum Eurocurrency Borrowing Amount. 

(b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each applicable Lender of the amount of its
Pro Rata Share of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the applicable Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans
described in Section 2.02(a). Each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than
1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 5.02, the Administrative Agent shall make all funds
so received available to the applicable Borrower in like funds as received by the Administrative Agent by wire transfer of such funds, in accordance with instructions provided to the Administrative Agent by such Borrower in the Committed Loan
Notice. 

  
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 (c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. Upon notice to Holdings from the Administrative Agent given at the request of the Required Lenders, during the existence of a Default, Loans may not be requested
as, converted to or continued as Eurocurrency Rate Loans without the consent of the Required Lenders; provided, however, that Revolving Credit Loans may be continued as Eurocurrency Rate Loans with an Interest Period of
one month. 
 (d) The Administrative Agent shall promptly notify the Borrowers and the Lenders of the interest rate applicable to any
Interest Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate and the Adjusted Eurocurrency Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At
any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrowers and the Lenders of any change in the Prime Rate used in determining the Base Rate promptly following the announcement of such change. 

(e) After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same
Type, there shall not be more than ten Interest Periods in effect. 
 (f) The failure of any Lender to make the Loan to be made by it as
part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such
other Lender on the date of any Borrowing. 
 2.03 Letters of Credit. 

(a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, 

(A) each L/C Issuer agrees, in reliance upon (among other things) the agreements of the other Revolving Credit Lenders set
forth in this Section 2.03, 
 (1) from time to time on any Business Day
during the period from the Closing Date until 30 days prior to the Initial Revolving Credit Maturity Date (or, if such day is not a Business Day, the next preceding Business Day), to issue Letters of Credit denominated in Dollars or an Alternative
Currency for the account of each Borrower (but the Letter of Credit may contain a statement that it is being issued for the benefit of a Subsidiary), and to amend or extend Letters of Credit previously issued by it, in accordance with
Section 2.03(b), and 
 (2) to honor drawings under the Letters of Credit;
and 
 (B) the Revolving Credit Lenders severally agree to participate in Letters of Credit issued for the account of each
Borrower or any of its Wholly-Owned Restricted Subsidiaries on a pro rata basis in accordance with their respective Pro Rata Share of the Total Revolving Credit
Commitments; 
 provided that, 

(I) on the Closing Date, the aggregate amount of any Existing Letters of Credit shall be reallocated among the Revolving Credit
Lenders so that, after giving effect thereto, the Revolving Credit Lenders shall share ratably participations in such Letters of Credit in accordance with their Pro Rata Share of the Revolving Credit Commitment (after giving effect to any L/C Credit
Extension and expiration of any Letter of Credit on the Closing Date); 

  
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 (II) that any Letter of Credit issued on behalf of any Restricted Subsidiary
(excluding, for the avoidance of doubt, the Existing Letters of Credit) shall be issued naming the Borrower as the account party on any such Letter of Credit, but such Letter of Credit may contain a statement that it is being issued for the benefit
of such Restricted Subsidiary; 
 (III) that no L/C Issuer shall be obligated to make any L/C Credit Extension with respect
to any Letter of Credit (including, for the avoidance of doubt, the L/C Issuer with respect to the Existing Letters of Credit shall not be required, to amend, extent or renew any Existing Letter of Credit), if, as of the date of such L/C Credit
Extension, 
 (w) the amount available to be drawn under Letters of Credit issued by such L/C Issuer would exceed such L/C
Issuer’s Pro Rata Share of the Letter of Credit Sublimit, (provided that for the avoidance of doubt, such L/C Issuer shall be permitted to exceed such L/C Issuer’s
Letter of Credit Sublimit), 
 (x) the aggregate Outstanding Amount of the Revolving Credit Loans of any
Revolving Credit Lender plus such Revolving Credit Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations would exceed such Revolving Credit Lender’s Revolving Credit Commitment, 

(y) the Total Outstandings would exceed the Total Revolving Credit Commitments or 

(z) the Outstanding Amount of all L/C Obligations would exceed the Letter of Credit Sublimit. 

Each request by a Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by a Borrower that the
L/C Credit Extension so requested complies with the conditions set forth in the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, each Borrower’s ability to obtain Letters of Credit shall be fully
revolving, and accordingly each such Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to
have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 

(ii) No L/C Issuer shall be under any obligation to issue any Letter of Credit if: 

(A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain
such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit,
or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such
L/C Issuer in good faith deems material to it; 

  
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 (B) subject to
Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve months after the date of issuance or last extension (or as otherwise agreed by the Administrative
Agent and such L/C Issuer); 
 (C) the expiry date of such requested Letter of Credit would occur after the Letter of Credit
Expiration Date, unless all of the Lenders have approved such expiry date or the L/C Issuer has approved such expiry date and such requested Letter of Credit has been Cash Collateralized by the applicant requesting such Letter of Credit in
accordance with Section 2.03(g) at least five Business Days prior to the Letter of Credit Expiration Date; 

(D) the issuance of such Letter of Credit would violate one or more policies of such L/C Issuer; 

(E) except as otherwise agreed by the applicable L/C Issuer, such Letter of Credit is in an initial stated amount less than
$100,000; 
 (F) any Lender is at such time a Defaulting Lender hereunder, unless such L/C Issuer has entered into
satisfactory arrangements with the Borrowers or such Lender to eliminate such L/C Issuer’s risk with respect to such Lender or reallocate such risk pursuant to Section 2.15(a)(v); or 

(G) if it is determined that the applicant or the account party or the beneficiary of the Letter of Credit is considered an
“affiliate” of L/C Issuer as such term is defined in Regulation W of the Federal Reserve. 
 (iii) No L/C Issuer
shall be under any obligation to amend any Letter of Credit if (A) such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof or (B) the beneficiary of such Letter of
Credit does not accept the proposed amendment to such Letter of Credit. 
 (iv) Each L/C Issuer shall act on behalf of the
Revolving Credit Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (A) provided to the Agents in Article X with
respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Agents”
as used in Article X included the L/C Issuers with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuers. 

(b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit. 

(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of each Borrower delivered to the
applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application and including agreed-upon draft language for such Letter of Credit reasonably acceptable to the applicable L/C Issuer, appropriately
completed and signed by a Responsible Officer of the applicable Borrower. Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 1:00 p.m.

  
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at least three Business Days (or such later date and time as the applicable L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of
amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: 

(A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); 

(B) the amount and requested currency thereof and the absence of specification of currency shall be deemed a request for a
Letter of Credit denominated in Dollars; 
 (C) the expiry date thereof; 

(D) the name and address of the beneficiary thereof; 

(E) the documents to be presented by such beneficiary in case of any drawing thereunder; 

(F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and 

(G) such other matters as the applicable L/C Issuer may reasonably require. 

In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and
detail satisfactory to the applicable L/C Issuer 
 (A) the Letter of Credit to be amended; 

(B) the proposed date of amendment thereof (which shall be a Business Day); 

(C) the nature of the proposed amendment; and 

(D) such other matters as the applicable L/C Issuer may reasonably require. 

Additionally, the Borrowers shall furnish to the applicable L/C Issuer and the Administrative Agent such other documents and information
pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the applicable L/C Issuer or the Administrative Agent may reasonably require. 

(ii) Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer will confirm with the Administrative
Agent (in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the applicable Borrower and, if not, such L/C Issuer will provide the Administrative Agent with a copy thereof. Upon receipt by such L/C
Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, such L/C Issuer shall, on the requested date, issue a
Letter of Credit for the account of such Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with such L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each Letter
of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably 

  
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and unconditionally agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share
times the amount of such Letter of
Credit.; provided that
 the aggregate Outstanding Amount of the Revolving Credit Loans of such Revolving Credit Lender plus such Revolving Credit
Lender’s
 Pro Rata Share of the Outstanding Amount of all L/C Obligations would not exceed such Revolving Credit
Lender’s
 Revolving Credit Commitment. 
 (iii) If any Borrower so requests in any applicable Letter of Credit
Application, the applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”); provided that
any such Auto-Renewal Letter of Credit must permit the applicable L/C Issuer to prevent any such renewal at least once in each 12-month period (commencing with the date of issuance of such Letter of Credit) by
giving prior notice to the beneficiary thereof not later than a day (the “Nonrenewal Notice Date”) in each such 12-month period to be agreed upon at the time such Letter of Credit is
issued. Unless otherwise directed by the applicable L/C Issuer, the Borrowers shall not be required to make a specific request to such L/C Issuer for any such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Revolving Credit
Lenders shall be deemed to have authorized (but may not require) the applicable L/C Issuer to permit the renewal of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date (or any later date if the
Borrowers have agreed to Cash Collateralize such Letter of Credit prior to the Letter of Credit Expiration Date for such Letter of Credit); provided, however, that the applicable L/C Issuer (A) shall have no
obligation to permit any such extension if such L/C Issuer has determined that it would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof (by reason of the provisions of
Section 2.03(a)(ii) or otherwise), and (B) shall not permit any such extension if it has not received notice (in writing) on or before the day that is five Business Days before the Nonrenewal
Notice Date (1) from the Administrative Agent that the Majority Facility Lenders in respect of the Revolving Credit Facility have elected not to permit such renewal or (2) from the Administrative Agent, any Revolving Credit Lender or any
Borrower that one or more of the applicable conditions specified in Section 5.02 is not then satisfied and in each such case directing the L/C Issuer not to permit such extension. 

(iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with
respect thereto or to the beneficiary thereof, the applicable L/C Issuer will also deliver to the applicable Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon receipt from the beneficiary of any Letter of Credit of drawing documents under such Letter of Credit, the applicable
L/C Issuer shall examine drawing documents within the period stipulated by the Terms and Conditions of the Letter of Credit. After such examination, the L/C Issuer shall notify the applicable Borrower and the Administrative Agent thereof. Not later
than 1:00 p.m. on the date immediately following any payment by the applicable L/C Issuer under a Letter of Credit (such date, an “Honor Date”), such Borrower shall reimburse such L/C Issuer through the Administrative Agent
in an amount equal to the amount of such drawing for a Letter of Credit issued on its behalf. If such Borrower fails to so reimburse the applicable L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender
of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s Pro Rata Share thereof. In such event, such Borrower shall be deemed to have
requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to 

  
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the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion
of the Revolving Credit Commitments and the conditions set forth in Section 5.02 (other than the delivery of a Committed Loan Notice). Any notice given by the applicable L/C Issuer or the Administrative
Agent pursuant to this Section 2.03(c)(i) must be in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

 (ii) Each Revolving Credit Lender (including the Lender acting as the applicable L/C Issuer) shall upon any notice
pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the applicable L/C Issuer at the Administrative Agent’s Office in an amount equal to its Pro Rata
Share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii),
each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan to such Borrower in such amount. The Administrative Agent shall remit the funds so received to the applicable L/C Issuer. 

(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans
because the conditions set forth in Section 5.02 cannot be satisfied or for any other reason, the applicable Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in
the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Credit Lender’s payment
to the Administrative Agent for the account of such L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C
Advance from such Lender in satisfaction of its participation obligation under this Section 2.03. 

(iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance pursuant to this
Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be solely for the
account of such L/C Issuer. 
 (v) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C
Advances to reimburse the applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, any Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a
Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant
to this Section 2.03(c) is subject to the conditions set forth in Section 5.02 (other than delivery by any Borrower of a Committed Loan Notice) and that
the obligations of the Borrowers pursuant to this Section 2.03(c) shall survive termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. No such making of an
L/C Advance shall relieve or otherwise impair the obligation of the Borrowers to reimburse the applicable L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit issued to such Borrower, together with interest as
provided herein. 
 (vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account
of the applicable L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in
Section 2.03(c)(ii), such 

  
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L/C Issuer shall be entitled to recover from such Revolving Credit Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such
payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by such L/C Issuer in accordance with banking
industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Revolving Credit Lender pays such amount (with interest and fees as
aforesaid), the amount so paid shall constitute such Lender’s Revolving Credit Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the applicable L/C Issuer
submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error. 

(d) Repayment of Participations. 

(i) At any time after the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any
Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment
in respect of the related Unreimbursed Amount or interest thereon (whether directly from any Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such
Revolving Credit Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the
Administrative Agent. 
 (ii) If any payment received by the Administrative Agent for the account of the L/C Issuer pursuant
to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 11.05 (including pursuant to any settlement entered
into by the applicable L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from
the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Revolving Credit Lenders under this clause
shall survive the payment in full of the Obligations and the termination of this Agreement. 
 (e) Obligations Absolute. The
obligation of each Borrower to reimburse the applicable L/C Issuer for each drawing under each Letter of Credit issued on behalf of such Borrower and to repay each such L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be
paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 
 (i) any
lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto; 

(ii) the existence of any claim, counterclaim, setoff, defense or other right that any Borrower may have at any time against
any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the applicable L/C Issuer or any other Person, whether in connection with this Agreement, the transactions
contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

  
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 (iii) any draft, demand, certificate or other document presented under such
Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to
make a drawing under such Letter of Credit; 
 (iv) any payment by the applicable L/C Issuer under such Letter of Credit
against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by such L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter
of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 
 (v) any exchange, release
or non-perfection of any Collateral, or any release or amendment or waiver of or consent to departure from the Guaranty or any other guarantee, for all or any of the Obligations of any Borrower in respect of
such Letter of Credit; or 
 (vi) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Borrower. 
 Any
Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of non-compliance with Holdings’ instructions or other
irregularity, Holdings will promptly, upon knowledge, notify the applicable L/C Issuer. Holdings shall be conclusively deemed to have waived any such claim against the applicable L/C Issuer and its correspondents unless such notice is given as
aforesaid. 
 (f) Role of L/C Issuers. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, the
applicable L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such
document or the authority of the Person executing or delivering any such document. None of the applicable L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any of the respective correspondents, participants or
assignees of such L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or
omitted in the absence of gross negligence or willful misconduct (as determined by a court of competent jurisdiction by final and non-appealable judgment); or (iii) the due execution, effectiveness,
validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application. Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any
Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude any Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or
under any other agreement. None of the applicable L/C Issuer, the Administrative Agent, any of their respective Related Parties, nor any of the respective correspondents, participants or assignees of such L/C Issuer, shall be liable or responsible
for any of the matters described in clauses (i) through (vi) of Section 2.03(e); provided, however, that anything in such clauses to
the contrary notwithstanding, a Borrower may have a claim against such L/C Issuer, and such L/C Issuer may be liable to such Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered
by such Borrower which such Borrower proves were caused by such L/C Issuer’s willful misconduct or gross negligence (as determined by a court of competent jurisdiction by final and non-appealable
judgment) or such L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of documents strictly complying with the terms and conditions of a

  
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Letter of Credit. In furtherance and not in limitation of the foregoing, the applicable L/C Issuer may accept documents that appear on their face to be in order, without responsibility for
further investigation, regardless of any notice or information to the contrary, and such L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of
Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 

(g) Cash Collateral. Upon the request of the Administrative Agent, (i) if the applicable L/C Issuer has honored any full or
partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrowers shall, in each
case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to 103% of such Outstanding Amount determined as of the date of such L/C Borrowing or the Letter of Credit Expiration Date, as the case may
be). 
 For purposes of this Section 2.03, Section 2.05 and
Section 9.02(c), “Cash Collateralize” means to pledge and deposit with or deliver to the Collateral Agent, for the benefit of the L/C Issuers and the Revolving Credit Lenders, as
collateral for the L/C Obligations, cash or deposit account balances pursuant to documentation in form and substance reasonably satisfactory to the Collateral Agent and such L/C Issuer (which documents are hereby consented to by the Revolving Credit
Lenders) or to otherwise backstop (with a letter of credit on customary terms or otherwise) such L/C Obligations to the applicable L/C Issuer’s and the Administrative Agent’s reasonable satisfaction. Derivatives of such term have
corresponding meanings. The Borrowers hereby grant to the Collateral Agent, for the benefit of the L/C Issuers and the Revolving Credit Lenders, a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the
foregoing. Cash Collateral shall be maintained in blocked deposit accounts with the Collateral Agent. If at any time the Administrative Agent or the Collateral Agent determines that any funds held as Cash Collateral are subject to any right or claim
of any Person other than the Collateral Agent or that the total amount of such funds is less than 103% of the aggregate Outstanding Amount of all L/C Obligations, the Borrowers will, forthwith upon demand by the Collateral Agent, pay to the
Collateral Agent, as additional funds to be deposited and held in the deposit accounts with the Collateral Agent as aforesaid, an amount equal to the excess of (a) 103% of such aggregate Outstanding Amount over (b) the total amount of
funds, if any, then held as Cash Collateral that the Administrative Agent or the Collateral Agent determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as Cash
Collateral, such funds shall be applied, to the extent permitted under applicable law, to reimburse the applicable L/C Issuer. 
 (h)
Applicability of ISP98. Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrowers, when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the
“International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall be stated therein to apply to each Letter
of Credit. 
 (i) Letter of Credit Fees. The Borrowers shall pay to the Administrative Agent, for the account of each Revolving
Credit Lender in accordance with its Pro Rata Share, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily maximum amount available to be drawn under
such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with
Section 1.07. Such letter of credit fees shall be computed on a quarterly basis in arrears. Letter of Credit Fees shall be (i) due and payable on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the date on which the Revolving Credit Commitment of each Revolving Credit Lender shall be terminated

  
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as provided herein, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during
any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. 

(j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrowers shall pay directly to the applicable L/C
Issuer, for its own account, a fronting fee with respect to each Letter of Credit at a rate per annum equal to 0.125% unless as otherwise agreed with such L/C Issuer, computed on the daily amount available to be drawn under each Letter of Credit on
a quarterly basis in arrears. Such fronting fees shall be due and payable on the last Business Day of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first
payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the date on which the Revolving Credit Commitments shall be terminated as provided herein, on the Letter of Credit Expiration Date and thereafter
on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrowers
shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to
time in effect. Such customary fees and standard costs and charges are due and payable within five Business Days of demand and are nonrefundable. 

(k) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the
terms hereof shall control. 
 (l) Resignation or Removal of L/C Issuers. Any L/C Issuer may resign at any time by giving 30
days’ prior written notice to the Administrative Agent, the Revolving Credit Lenders and the Borrowers. Any L/C Issuer may be removed at any time by written agreement among the Borrowers, the Administrative Agent and such L/C Issuer;
provided that such L/C Issuer shall not be required to execute or deliver any written agreement if such L/C Issuer has no Letters of Credit or reimbursement obligations with respect thereto outstanding. At the time such removal or
resignation shall become effective, the Borrowers shall pay all accrued and unpaid fees pursuant to Section 2.03(j). After the resignation or removal of any L/C Issuer hereunder, such L/C Issuer shall
remain a party hereto and shall continue to have all the rights and obligations of an L/C Issuer under this Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation or removal, but shall not be
required, and shall be discharged from its obligations, to issue additional Letters of Credit or to extend or increase the amount of Letters of Credit then outstanding. 

(m) Additional L/C Issuers. The Borrowers may, at any time and from time to time, designate one or more additional Revolving Credit
Lenders to act as an L/C Issuer under the terms of this Agreement with the consent of the Administrative Agent (which consent shall not be unreasonably withheld) and such Revolving Credit Lender. Any Revolving Credit Lender so designated shall be
deemed to be an “L/C Issuer” (in addition to being a Revolving Credit Lender) in respect of Letters of Credit issued or to be issued by such Revolving Credit Lender, and, with respect to such Letters of Credit, the term “L/C
Issuer” shall thereafter apply to the other L/C Issuers and such Revolving Credit Lender. The acceptance of any designation as an L/C Issuer hereunder by a Revolving Credit Lender shall be evidenced by an agreement entered into by such
Revolving Credit Lender, in a form satisfactory to the Borrowers and the Administrative Agent, and, from and after the effective date of such agreement, (i) such Revolving Credit Lender shall have all the rights and obligations of an L/C Issuer
under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “L/C Issuer” shall be deemed to refer to such Revolving Credit Lender in addition to any other L/C Issuers, as
the context shall require. 

  
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 2.04 [Reserved]. 

2.05 Prepayments. 

(a) Optional. 

(i) Except as set forth in clause (ii) below with respect to Revolving Credit Loans and New Term Loans denominated in a
currency other than Dollars, the Borrowers may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay any Tranche or Tranches of Loans, in whole or in part, without premium or penalty (other than as set forth
in Section 2.05(a)(iv)); provided that (1) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of
prepayment of Eurocurrency Rate Loans (or three RFR Business Days prior to any date of prepayment of RFR Loans), and
(B) one Business Day prior to the date of prepayment of Base Rate Loans; (2) any prepayment of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; and (3) any
prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall be substantially in
the form of Exhibit H and shall specify the date and amount of such prepayment, the Class, Tranche(s) and the Type(s) of Loans to be prepaid, and if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans
(except that if the class of Loans to be prepaid includes both Base Rate Loans or RFR Loans and Eurocurrency Rate
Loans, absent direction by the Borrowers, the applicable prepayment shall be applied first to Base Rate Loans or RFR
Loans to the full extent thereof before application to Eurocurrency Rate Loans, in each case in a manner that minimizes the amount payable by the Borrowers in respect of such prepayment pursuant to
Section 3.05). The Administrative Agent will promptly notify each applicable Lender of its receipt of each such notice and of the amount of such Lender’s Pro Rata Share of such prepayment, if any.
If such notice is given by Holdings, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by
all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05. 

(ii) Any Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving
Credit Loans and New Term Loans or any Tranche or Tranches thereof denominated in a currency other than Dollars in whole or in part without premium or penalty (other than as set forth in
Section 2.05(a)(iv)); provided that such notice must be received by the Administrative Agent not later than 12:00 p.m. four Business Days prior to any date of prepayment of
Eurocurrency Rate Loans or RFR Loans (or such shorter time as the Administrative Agent may approve in its reasonable
discretion). Each prepayment of Revolving Credit Loans or New Term Loans denominated in a currency other than Dollars that are Eurocurrency Rate Loans
or RFR Loans shall be in a principal amount that is not less than the Minimum Eurocurrency Borrowing Amount, or, if
less, the entire principal amount thereof then outstanding. 
 (iii) The Borrowers may voluntarily prepay any Tranche of Term
Loans selected by Holdings; provided that, other than with respect to any optional prepayment made solely with the proceeds of long-term Indebtedness permitted to be incurred under
Section 8.02 (including Refinancing Incremental Term Loans), if the Tranche of Term Loans selected by Holdings has a final maturity date that is later than the final maturity date of any other Tranche
of Term Loans then outstanding, then such optional prepayment shall be made on a pro rata basis among the Tranche of Term Loans selected by Holdings and each such other earlier-maturing Tranche of Term Loans. Optional prepayments of any Tranche of
Term Loans selected by Holdings shall be applied on a 

  
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pro rata basis in direct order of maturity to the remaining scheduled installments of principal due in respect of such Tranche of Term Loans pursuant to
Section 2.07. Optional prepayments of any Tranche of Revolving Credit Loans selected by Holdings shall be made on a pro rata basis among the outstanding Revolving Credit Loans of such Tranche. 

(iv) In the event that, on or prior to the date that is six months after the 20202021 Incremental Amendment EffectiveFunding Date, any Borrower
(x) prepays, refinances, substitutes or replaces any
20202021 Incremental Term
Loans in connection with a Repricing Transaction (including, for avoidance of doubt, any prepayment made pursuant to Section 2.05(b)(iii) that constitutes a Repricing Transaction), or (y) effects
any amendment of this Agreement resulting in a Repricing Transaction with respect to the
20202021 Incremental Term
Loans, as applicable, the Borrowers shall pay to the Administrative Agent, for the ratable account of each of the applicable 20202021 Incremental Term Loan Lenders, (I) in the case of clause (x), a prepayment premium of 1.00% of the
aggregate principal amount of the
20202021 Incremental Term
Loans so prepaid, refinanced, substituted or replaced and (II) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the applicable
20202021 Incremental Term
Loans outstanding immediately prior to such amendment. Such amounts shall be due and payable on the date of effectiveness of such Repricing Transaction. As a condition to effectiveness of any replacement of a
Non-Consenting Lender pursuant to Section 11.15 in respect of any amendment of this Agreement effective on or prior to the date that is six months after the 20202021 Incremental Amendment EffectiveFunding Date, the Borrowers
shall pay to the applicable Non-Consenting Lender a premium equal to the premium that would apply if such Non-Consenting Lender’s 20202021 Incremental Term Loans being
assigned were being prepaid and subject to the premium set forth in this Section 2.05(a) for such 20202021 Incremental Term Loans. 

(b) Mandatory. 

(i) In the event of any termination of any Tranche of Revolving Credit Commitments, the Borrowers shall, on the date of such
termination, repay or prepay all outstanding Revolving Credit Loans of such Tranche and replace all outstanding Letters of Credit and/or Cash Collateralize the L/C Obligations in a cash collateral account established with the Collateral Agent for
the benefit of the Secured Parties in the manner described in Section 2.03(g). If for any reason the Dollar Equivalent of the Outstanding Amount of Revolving Credit Loans of any Tranche of Revolving
Credit Commitments at any time exceeds the Dollar Equivalent of the amount of Revolving Credit Commitments of such Tranche then in effect, the Borrowers shall immediately prepay all outstanding Revolving Credit Loans of such Tranche and/or Cash
Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this
Section 2.05(b)(i) unless, after the prepayment in full of the Revolving Credit Loans of the applicable Tranche, the Dollar Equivalent of the Total Outstandings exceeds the Dollar Equivalent of the
Total Revolving Credit Commitments then in effect. Mandatory prepayments of any Tranche of Revolving Credit Loans shall be made on a pro rata basis among the outstanding Revolving Credit Loans of such Tranche. 

(ii) Not later than the fifth Business Day following the completion of any Asset Sale or Permitted Sale Leaseback Transaction
and/or not later than the tenth Business Day following the occurrence of any Recovery Event and, in each case, the receipt of Net Cash Proceeds resulting therefrom by any Loan Party or any Restricted Subsidiary, Holdings shall apply the Required
Prepayment Percentage of such Net Cash Proceeds received with respect thereto to prepay outstanding Term Loans and/or Cash Collateralize Letters of Credit in accordance with Section 2.05(b)(vi);
provided that such prepayment shall only be required under this clause (ii) if the net amount required to be prepaid in any fiscal year is greater than or equal to $25,000,000. 

  
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 (iii) In the event that any Restricted Subsidiary shall receive Net Cash
Proceeds from the issuance or incurrence of any Indebtedness of any Restricted Subsidiary, in each case, that is not permitted pursuant to Section 8.02, the Borrowers shall, substantially simultaneously
with (and in any event not later than the fifth Business Day next following) the receipt of such Net Cash Proceeds by such Borrower or such Restricted Subsidiary, apply an amount equal to the Required Prepayment Percentage of such Net Cash Proceeds
to prepay outstanding Loans and/or Cash Collateralize Letters of Credit in accordance with Section 2.05(b)(vi). 

(iv) Commencing with the fiscal year ending on December 31, 2020, no later than 90 days after the end of each fiscal
year of Holdings, the Borrowers shall prepay outstanding Loans and/or Cash Collateralize Letters of Credit in accordance with Section 2.05(b)(vi), in an aggregate principal amount equal to the Required
Prepayment Percentage of Excess Cash Flow for the fiscal year then ended less the aggregate amount of all Voluntary Prepayments during such fiscal year; provided that such prepayment shall only be required under this clause
(iv) if the net amount required to be prepaid in any fiscal year is greater than or equal to $25,000,000.(A) for any fiscal year prior to the fiscal year ending on December 31, 2022, $25,000,000 or
(B) for any fiscal year from and after the fiscal year ending on December 31, 2022, the greater of (x) $25,000,000 and (y) 6.00% of Consolidated EBITDA. 

(v) Holdings shall deliver to the Administrative Agent, at the time of each prepayment required under this
Section 2.05(b), (i) a certificate signed by a Responsible Officer of the Borrowers setting forth in reasonable detail the calculation of the amount of such prepayment and (ii) to the extent
practicable, at least three Business Days prior written notice of any prepayment pursuant to Section 2.05(b)(i) and at least ten Business Days prior written notice of any prepayment pursuant to
Section 2.05(b)(ii), (iii) or (iv) (and, in each case, the Administrative Agent shall promptly notify each Lender). Each notice of prepayment shall be substantially in the
form of Exhibit H and shall specify the prepayment date, the Class, Tranche and Type of each Loan being prepaid and the principal amount of each Loan (or portion thereof) to be prepaid. All prepayments of Borrowings pursuant to this
Section 2.05(b) shall be subject to Section 3.05, but shall otherwise be without premium or penalty (except for
Section 2.05(b)(iii) to the extent set forth in Section 2.05(a)(iv)). 

(vi) Mandatory prepayments under Sections 2.05(b)(ii), (iii) and
(iv) shall be applied: 
 first, to prepay outstanding Term Loans on a pro rata basis (in
accordance with the respective outstanding principal amounts thereof) to the full extent thereof (and the corresponding accrued and unpaid interest and fees on the principal amount of Term Loans so prepaid), subject to the provisions of sub-paragraph (vii) below and any re-offer described therein; 

second, at any time when there shall be no Term Loans outstanding, to prepay outstanding Revolving Credit
Loans on a pro rata basis among the relevant Tranches of Revolving Credit Loans to the full extent thereof (and the corresponding accrued and unpaid interest and fees on the principal amount of Revolving Credit Loans so prepaid), with no
corresponding reduction of the Revolving Credit Commitments; and 
 third, at any time when there shall be no Term
Loans outstanding, to Cash Collateralize any outstanding Letters of Credit (up to an aggregate amount equal to 103% of the aggregate undrawn face amount of all such Letters of Credit) as described in
Section 2.03(g), with no corresponding reduction of the Revolving Credit Commitments; 

  
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 with any remaining amounts being retained by the Borrowers to be used in
accordance with the provisions of this Agreement. 
 (vii) Mandatory prepayments of outstanding Term Loans under this
Agreement shall be applied pro rata against the remaining scheduled installments of principal due in respect of the Term Loans pursuant to Section 2.07. Such mandatory prepayments shall be applied on a
pro rata basis to the then outstanding Term Loans being prepaid irrespective of whether such outstanding Term Loans are Base Rate Loans or Eurocurrency Rate
Loans or RFR Loans; provided that if no Lenders decline a given mandatory prepayment of the Term Loans
as described below, then, with respect to such mandatory prepayment, the amount of such mandatory prepayment shall be applied in the case of the applicable principal amount of such Tranche of the Term Loans being so prepaid, first to Term Loans that
are Base Rate Loans to the full extent thereof before application to Term Loans that are Eurocurrency Rate Loans in a manner that minimizes the amount of any payments required to be made by the Borrowers pursuant to
Section 3.05. Notwithstanding anything set forth herein to the contrary, any Term Loan Lender may elect, by notice to the Administrative Agent by facsimile at least eight Business Days prior to the
applicable prepayment date, to decline all of any prepayment of its Term Loans pursuant to Section 2.05(b)(ii), (iii) or (iv), in which case the aggregate amount of the
prepayment that would have been applied to prepay such Term Loans but was so declined shall be retained by the Borrowers (such retained amounts, the “Retained Declined Proceeds”) to be used in accordance with the provisions
of this Agreement. 
 (c) Prepayments to Include Accrued Interest, Etc. All prepayments (other than prepayments of Revolving Credit
Loans that are Base Rate Loans that are not made in connection with the termination or permanent reduction of the Revolving Credit Commitments) under this Section 2.05 shall be made together with
(i) accrued and unpaid interest to the date of such prepayment on the principal amount so prepaid and (ii) in the case of any such prepayment of a Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any
amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.05. 
 2.06
Termination or Reduction of Commitments. 
 (a) Optional. Holdings may, upon notice to the Administrative Agent
(provided that such notice may state that such notice is conditioned upon the receipt of proceeds of any refinancing facilities, the effectiveness of other credit facilities or the consummation of an acquisition or sale, in which case
such notice may be revoked by the Borrower by notice to the Administrative Agent on or prior to the specified effective date if such condition is not satisfied), terminate the unused portion of the Letter of Credit Sublimit, the unused Revolving
Credit Commitments or the unused Term Loan Commitments, or from time to time permanently reduce the unused portion of the Letter of Credit Sublimit, the unused Revolving Credit Commitments or the unused Term Loan Commitment; provided
that (i) any such notice shall be received by the Administrative Agent not later than 12:00 p.m. three Business Days prior to the date of termination or reduction (or such shorter period as the Administrative Agent may determine in its sole
discretion), (ii) any such partial reduction shall be in an aggregate amount of $1,000,000 or any whole multiple of $1,000,000 in excess thereof and (iii) the Borrowers shall not terminate or reduce the unused portion of the Letter of
Credit Sublimit or the unused Revolving Credit Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings at any time would exceed the Total Revolving Credit Commitments then in effect. Optional
reductions of the unused Revolving Credit Commitments shall be made on a pro rata basis among the outstanding Tranches of Revolving Credit Commitments. 

  
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 (b) Mandatory. 

(i) Unless previously terminated in accordance with the terms hereof, 

(1) (A) the Initial Term Loan Commitments in effect as of the Closing Date shall automatically terminate at 5:00 p.m. on the
Closing Date and,
(B) the 2020 Incremental Term Loan Commitments in effect as of the 2020 Incremental Amendment Effective Date shall automatically terminate at 5:00 p.m. on the 2020 Incremental Amendment Effective Date and
(C) the 2021 Incremental Term Loan Commitments in effect as of the 2021 Incremental Amendment Funding
Date shall automatically terminate at 5:00 p.m. on the 2021 Incremental Amendment Funding Date, 
 (2) the
Initial Revolving Credit Commitments shall automatically terminate on the Initial Revolving Credit Maturity Date and 
 (3)
the Commitments in respect of any Tranche of Incremental Term Loans (other than the 2020 Incremental Term Loan Commitments and the
2021 Incremental Term Loan Commitments) shall automatically terminate on the date set forth in the applicable Incremental Amendment or other document reasonably satisfactory to the Administrative Agent, the applicable Borrower(s) and
the applicable Term Loan Lender(s). 
 (ii) If after giving effect to any reduction or termination of unused Commitments
under this Section 2.06,
theany L/C Issuer’s
 Letter of Credit Sublimit exceeds the amount of the Total Revolving Credit Commitments, thesuch L/C
Issuer’s
 Letter of Credit Sublimit shall be automatically reduced by the amount of such excess. 
 (c) Application of Commitment
Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, the unused Revolving Credit Commitments or the unused Term Loan
Commitments under this Section 2.06. Upon any reduction of unused Revolving Credit Commitments or unused Term Loan Commitments, the Revolving Credit Commitments or Term Loan Commitments, as applicable,
of each Lender shall be reduced by such Lender’s Pro Rata Share of the amount by which the applicable Facility is reduced. Optional reductions of the unused Revolving Credit Commitments shall be made on a pro rata basis among the outstanding
Tranches of Revolving Credit Commitments. All Commitment Fees accrued until the effective date of any termination of the Total Revolving Credit Commitments shall be paid on the effective date of such termination. 

2.07 Repayment of Loans. 

(a) Initial Term Loans. 

(i) On the last Business Day of each fiscal quarter of the Borrowers commencing with the fiscal quarter ending on
March 31, 2020, the Borrowers shall pay to the Administrative Agent, for the account of the Initial Term Loan Lenders, a principal amount of the Initial Term Loans (as adjusted from time to time pursuant to Sections 2.05 and
2.06(b)) equal to 1.00% per annum of the aggregate principal amount of the Initial Term Loans as of the Closing Date. To the extent not previously paid, prepaid, refinanced, substituted or replaced, all Initial Term Loans shall
be due and payable on the Initial Term Loan Maturity Date, together with accrued and unpaid interest and fees on the principal amount to be paid up to but excluding the date of payment. 

  
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 (ii) On the last Business Day of each fiscal quarter of the Borrowers
commencing with the fiscal quarter ending on March 31, 2021, the Borrowers shall pay to the Administrative Agent, for the account of the 2020 Incremental Term Loan Lenders, a principal amount of the 2020 Incremental Term Loans (as adjusted from
time to time pursuant to Sections 2.05 and 2.06(b)) equal to 1.00% per annum of the aggregate principal amount of the 2020 Incremental Term Loans as of the 2020 Incremental Amendment Effective Date. To the extent
not previously paid, prepaid, refinanced, substituted or replaced, 2020 Incremental Term Loans shall be due and payable on the applicable 2020 Incremental Term Loan Maturity Date, together with accrued and unpaid interest and fees on the principal
amount to be paid up to but excluding the date of payment. 

(iii)
 On the last Business Day of each fiscal quarter of the Borrowers commencing with the first fiscal quarter ending after 2021 Incremental
Amendment Funding Date, the Borrowers shall pay to the Administrative Agent, for the account of the 2021 Incremental Term Loan Lenders, a principal amount of the 2021 Incremental Term Loans (as adjusted from time to time pursuant to Sections 2.05
and 2.06(b)) equal to 1.00% per annum of the aggregate principal amount of the 2021 Incremental Term Loans as of the 2021 Incremental Amendment Funding Date. To the extent not
previously paid, prepaid, refinanced, substituted or replaced, 2021 Incremental Term Loans shall be due and payable on the applicable 2021 Incremental Term Loan Maturity Date, together with accrued and unpaid interest and fees on the principal
amount to be paid up to but excluding the date of payment.  

(iv)
 (iii)
All repayments pursuant to this Section 2.07(a) shall be subject to Section 3.05, but
shall otherwise be without premium or penalty. 
 (b) Revolving Credit Loans. The Borrowers shall repay to the
Administrative Agent for the ratable account of the Revolving Credit Lenders on the applicable Revolving Credit Maturity Date the aggregate principal amount of all Revolving Credit Borrowings outstanding on such date. 

2.08 Interest. 

(a) Subject to the provisions of Section 2.08(b) and
Section 2.10, (i) each Eurocurrency Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Adjusted Eurocurrency Rate for
such Interest Period plus the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate and (iii) each RFR Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum
equal to the Daily Simple RFR plus the Applicable Rate. 
 (b) If any amount payable by any Borrower under any Loan Document
is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default
Rate to the fullest extent permitted by applicable Laws. Furthermore, upon the request of the Required Lenders, while any Event of Default exists, the Borrowers shall pay interest on the principal amount of all outstanding Obligations hereunder at a
fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon
demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other
times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

  
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 2.09 Fees. 

In addition to certain fees described in Sections 2.03(i) and (j): 

(a) Commitment Fees. The Borrowers shall pay to the Administrative Agent (x) for the account of each Revolving Credit Lender in
accordance with its Pro Rata Share, (i) a commitment fee equal to the Applicable Rate times the average daily unused amount of the Revolving Credit Commitments of such Revolving Credit Lender during the preceding quarter (or other period
commencing with and including the Closing Date or ending with but excluding the applicable Revolving Credit Maturity Date or the date on which the Commitments of such Revolving Credit Lender shall expire or be terminated) (the “Commitment
Fee”); provided, however, that any Commitment Fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting
Lender and unpaid at such time shall not be payable by the Borrowers so long as such Lender shall be a Defaulting Lender except to the extent that the Commitment Fee shall otherwise have been due and payable by the Borrowers prior to such time;
provided, further, that no Commitment Fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The Commitment Fee shall accrue at all times during the Initial
Availability Period (and thereafter so long as any Revolving Credit Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article V is not met, and shall be due and payable
quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and to but excluding the last day of the Initial Availability Period (and, if applicable,
thereafter on demand). The Commitment Fee shall be calculated quarterly in arrears. For the avoidance of doubt, for purposes of computing the Commitment Fee, Revolving Credit Commitments shall be deemed to be used to the extent of the Outstanding
Amount of the Revolving Credit Loans and the Outstanding Amount of all L/C Obligations. 
 (b) Other Fees. 

(i) The Borrowers shall pay to the Agents for their own respective accounts such fees as shall have been separately agreed upon
in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(ii) The Borrowers shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and
at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 2.10
Computation of Interest and Fees. All computations of interest for Base Rate Loans in respect of which the rate of interest is calculated on the basis of the Prime Rate shall be made on the basis of a year of 365 or 366 days, as the
case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable,
being paid than if
computedcalculated on the basis of a 365-day year) (or, with
respect to computations of interest for RFR Loans, such other computation period in accordance with market practice for the relevant Alternative Currency). Interest shall accrue on each Loan
for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall,
subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent
manifest error. 

  
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 2.11 Evidence of Indebtedness.  

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the
Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In
the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the
absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrowers so notified shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s
Loans in addition to such accounts or records. Each such Note shall (i) in the case of Term Loans, be in the form of Exhibit G-1 (a “Term Loan Note”) and
(ii) in the case of Revolving Credit Loans, be in the form of Exhibit G-2 (a “Revolving Credit Note”). Each Lender may attach schedules to its Note and endorse
thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 
 (b) In addition to the
accounts and records referred to in Section 2.11(a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales
by such Lender of participations in Letters of Credit. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest error. 
 (c) Entries made in good faith by the Administrative
Agent in the Register pursuant to Section 2.11(b), and by each Lender in its account or accounts pursuant to Section 2.11(a), shall be prima facie
evidence of the amount of principal and interest due and payable or to become due and payable from the Borrowers to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement and the
other Loan Documents, absent manifest error; provided that the failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit
or otherwise affect the obligations of the Borrowers under this Agreement and the other Loan Documents. 
 2.12 Payments
Generally. 
 (a) All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim,
defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the
Administrative Agent’s Office in the relevant currency (it being understood that any repayments or prepayments of Loans made hereunder (and interest, fees and other amounts payable in respect thereof) shall be in the same currency as the
currency of such Loans and, unless otherwise specified, other amounts payable hereunder shall be paid in U.S. Dollars), as the case may be, and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative
Agent shall distribute any such payments received by it for the account of any other person to the appropriate recipient promptly following receipt thereof in like funds as received by wire transfer to such Lender’s Lending Office. All payments
received by the Administrative Agent after 2:00 p.m. may be deemed in the Administrative Agent’s sole discretion received on the next succeeding Business Day and any applicable interest or fees shall continue to accrue thereon. Except as
otherwise provided herein, if any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or
fees, as the case may be; provided, however, that, if such extension would cause payment of interest on or principal of Eurocurrency Rate Loans
or RFR Loans to be made in the next 

  
 100 

 
succeeding calendar month, such payment shall be made on the immediately preceding Business Day. Notwithstanding anything to the contrary set forth herein, to the extent the Administrative Agent
receives a payment or other amount after such payment or other amount is due and payable, the Administrative Agent may, in its sole discretion, pay such payment or other amount to the appropriate Lender or other person of record as of the date such
payment is received. 
 (b) (i) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any
Borrowing of Eurocurrency Rate Loans or RFR Loans (or, in the case of any Borrowing of Base Rate Loans, prior to
12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such
date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by
Section 2.02) and may, in reliance upon such assumption, make available to the Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Administrative Agent, then the applicable Lender and the applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for
each day from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection
with the foregoing, and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Base Rate Loans. If the Borrowers and such Lender shall pay such interest to the Administrative Agent for the same or an
overlapping period, the Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the
amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrowers shall be without prejudice to any claim the Borrowers may have against a Lender that shall have failed to make such payment to the
Administrative Agent. 
 (ii) Unless the Administrative Agent shall have received notice from the Borrowers prior to the time at which any
payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuers hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuers, as the case may be, the amount due. In such event, if the Borrowers have not in fact made such payment, then each of the Lenders or the L/C
Issuers, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation. 
 A notice of the Administrative Agent to any Lender or the Borrowers with respect to any amount owing under this
Section 2.12(b) shall be conclusive, absent manifest error. 
 (c) If any Lender
makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrowers by the Administrative Agent
because the conditions to the applicable Credit Extension set forth in Article V are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such
Lender) to such Lender, without interest. 

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

(e) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute
a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 
 (f) The
Borrowers hereby authorize each Lender, if and to the extent payment owed to such Lender is not made when due hereunder or, in the case of a Lender, under the Note held by such Lender, to charge from time to time against any or all of the
Borrowers’ accounts with such Lender any amount so due. 
 (g) Whenever any payment received by the Administrative Agent under this
Agreement or any of the other Loan Documents is insufficient to pay in full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents on any date, such payment shall be
distributed by the Administrative Agent and applied by the Administrative Agent and the Lenders in the order of priority set forth in Section 9.03. 

2.13 Sharing of Payments. If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of
the Loans or any Tranche of the Loans made by it, or the participations in L/C Obligations, any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Loans or any Tranche of Loans made by them and/or such sub-participations in the participations in L/C Obligations held by them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or such
participations, as the case may be, pro rata with each of them (or other share contemplated hereunder); provided, however, that if all or any portion of such excess payment is thereafter recovered from the purchasing
Lender under any of the circumstances described in Section 11.05 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be
rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying
Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) (or other share contemplated hereunder) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount
so recovered, without further interest thereon. The Borrowers agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of setoff,
but subject to Section 11.08) with respect to such participation as fully as if such Lender were the direct creditor of the Borrowers in the amount of such participation. The Administrative Agent will
keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section 2.13 and will in each case notify the Lenders following any such
purchases or repayments. Each Lender that purchases a participation pursuant to this Section shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with
respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 

  
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 2.14 Incremental Facilities. 

(a) The Borrowers or any Guarantor organized in the United States or Canada (any such Guarantor, for so long as loans or commitments remain
outstanding under the applicable Incremental Facility, an “Additional Borrower”) may, by written notice to the Administrative Agent, request the establishment of one or more new tranches of term facilities denominated in
Dollars, an Alternative Currency or any other currency agreed to by the applicable Borrower, the Administrative Agent and the Lenders providing such New Term Loan Facility (each, a “New Term Loan Facility”) and/or increase
the principal amount of the Initial Term Loans, any Incremental Term Loans or any Extended Term Loans by requesting new term loan commitments to be added to such Loans (together with any New Term Loan Facility, an “Incremental Term
Facility” and, any Loans made pursuant to an Incremental Term Facility, “Incremental Term Loans”) and/or request the establishment of one or more new tranches of Revolving Credit Commitments (each, a
“New Revolving Credit Facility”) and/or request an increase in any Tranche of Revolving Credit Commitments (together with any New Revolving Credit Facility, an “Incremental Revolving Credit Facility”
and, together with any Incremental Term Facility, “Incremental Facilities” and, the loans thereunder, “Incremental Revolving Credit Loans” and, together with any Incremental Term Loans,
“Incremental Loans”); provided that no existing Lender will have an obligation to make any Incremental Facility, nor will the Borrower have any obligation to approach any existing Lenders to provide any
Incremental Facility, in an aggregate amount not in excess of the sum of 
 (x) the greater of (i) $375,000,000 (or a
principal amount equal to the Dollar Equivalent of $375,000,000) and (ii) 100% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to
Section 7.01 at any time outstanding, less any amount of Indebtedness incurred pursuant to clause (i)(D)(x)(1) of Section 8.02(p) and

 (y) an unlimited amount if, after giving effect to the incurrence of such amount, 

(i) in case of Incremental Facilities that are secured on a pari passu basis with the Obligations, the First Lien Net Leverage
Ratio is less than or equal to 3.25 to 1.00 on a Pro Forma Basis, 
 (ii) in case of Incremental Facilities that are secured
on a junior basis to the Obligations, the Senior Secured Net Leverage Ratio is less than or equal to 3.50 to 1.00 on a Pro Forma Basis, and 

(iii) in case of Incremental Facilities that are unsecured, either (x) the Fixed Charge Coverage Ratio is greater than or
equal to 2.00 to 1.00 on a Pro Forma Basis or (y) the Total Net Leverage Ratio is less than or equal to 3.75 to 1.00 on a Pro Forma Basis 
 (in each
case, assuming (A) the Indebtedness being incurred as of such date of determination would be included in the definition of Consolidated Indebtedness, whether or not such Indebtedness would otherwise be included, (B) any Incremental
Facilities are fully drawn and (C) the proceeds held as cash or Cash Equivalents thereof or of other Indebtedness incurred substantially concurrently therewith are not netted for the purposes of calculating the First Lien Net Leverage Ratio,
the Senior Secured Net Leverage Ratio and the Total Net Leverage Ratio) and, in each instance, for an amount not less than $5,000,000 (or a principal amount equal to the Dollar Equivalent of $5,000,000) individually (or such lesser amount which
shall be approved by the Administrative Agent); 

  
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 provided that Incremental Facilities 

(1) shall be incurred pursuant to clause (y) above prior to utilization of any capacity pursuant to
clause (x) above, 
 (2) amounts incurred in reliance on clause (x) above concurrently
with amounts incurred in reliance on clause (y) above shall not be included as Indebtedness in the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio, the Total Net Leverage Ratio or the Fixed Charge Coverage
Ratio, as applicable, for purposes of calculating any amounts that may be incurred pursuant to clause (y) above on the same day and 

(3) if all or any portion of any Incremental Facility was originally incurred or issued in reliance on clause
(x) above and thereafter such amount could have been incurred pursuant to clause (y) above, such amount of such Incremental Facility shall be reclassified, as the applicable Borrower may elect from time to time, as
having been incurred pursuant to clause (y) above and thereafter shall not count as utilization of clause (x) above; 

provided, further, that, notwithstanding the foregoing or anything to the contrary set forth herein, 

(1) Incremental Term Loans may be incurred without regard to any of the foregoing limits to the extent that the Net Cash
Proceeds of such Incremental Term Loans are used on or about the date of incurrence to permanently prepay and refinance Term Loans of any Tranche selected by the applicable Borrower on a dollar-for-dollar basis, and any such Incremental Term Loans (the “Refinancing Incremental Term Loans”) shall be deemed to have been incurred pursuant to this proviso, and 

(2) New Revolving Credit Facilities may be incurred without regard to the foregoing limits to the extent that such New
Revolving Credit Facilities are used on or about the date of incurrence to refinance and permanently reduce Revolving Credit Commitments of any Tranche selected by Borrower on a
dollar-for-dollar basis, and any such Revolving Credit Commitments thereunder (the “Refinancing Incremental Revolving Credit Commitments”) shall
be deemed to have been incurred pursuant to this proviso. 
 Each such notice shall specify 

(i) the date (each, an “Increased Amount Date”) on which the applicable Borrower proposes that the
applicable Incremental Facility shall be effective, which shall be a date not less than ten Business Days after the date on which such notice is delivered to the Administrative Agent (or such shorter period otherwise agreed to by the Administrative
Agent in its sole discretion), 
 (ii) the identity of each Lender or Affiliate or other Person that is consented to by the
Administrative Agent (which consent shall not be unreasonably withheld) and by the L/C Issuer to the extent such consent, if any, would be required under Section 11.06 for an assignment of Loans or
Revolving Credit Commitments (any such Affiliate or other Person, a “New Incremental Lender”) to whom the Borrowers propose any portion of such Incremental Facility be allocated and the amounts of such allocations and 

(iii) whether such Incremental Facility is to be an Incremental Term Facility or Incremental Revolving Credit Facility. Such
Incremental Facility shall become effective as of such Increased Amount Date; 

  
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 provided that 

(A) subject to Section 1.10, no Event of Default or Default shall exist on such
Increased Amount Date before or after giving effect to such Incremental Facility, 
 (B) each of the conditions set forth in
Section 5.02 (and in the cases of Sections 5.02(a) and (b), subject to Section 1.10)) shall be satisfied and all fees and
expenses owing in respect of such increase to the Administrative Agent and the Lenders have been paid; 
 (C) any Incremental
Facility provided by any New Incremental Lender shall be effected pursuant to one or more joinder agreements (an “Incremental Amendment”) in form and substance satisfactory to the Administrative Agent and executed and
delivered by a Borrower (or Additional Borrower, if applicable) and the Administrative Agent, each of which shall be recorded in the Register; and 

(D) the Borrowers shall deliver or cause to be delivered any legal opinions or other documents reasonably requested by the
Administrative Agent in connection with any such transaction. 
 (b) The creation or provision of any Incremental Facility or Incremental
Loan (and, in connection therewith, any amendment to the terms of this Agreement that is necessary or appropriate to implement the provisions thereof or that is favorable to the then-existing Lenders, in each case, as reasonably determined by the
Administrative Agent in its sole discretion) shall not require the approval of any existing Lender other than any existing Lender providing all or part of any Incremental Commitment. 

(c) The terms and provisions of any New Revolving Credit Facility (other than pricing, maturity and fees) shall be, except as otherwise set
forth herein or in the joinder agreement set forth in Section 2.14(a), substantially identical to the existing Revolving Credit Facility; provided that, 

(i) no New Revolving Credit Facility shall mature earlier than, or require any scheduled amortization or mandatory commitment
reduction prior to, the Revolving Credit Maturity Date of any Tranche of Revolving Credit Loans (or, in the case of Refinancing Incremental Revolving Credit Commitments, the final maturity date of the Tranche of Revolving Credit Commitments that are
being refinanced), 
 (ii) any guarantor of any New Revolving Credit Facility shall also be a Guarantor, 

(iii) if secured, such New Revolving Credit Facility shall not be secured by any assets that do not constitute Collateral and
may not be secured pursuant to security documentation that is materially more restrictive, when taken as a whole, to the Loan Parties than the Loan Documents, 

(iv) each New Revolving Credit Facility shall rank pari passu or junior in right of payment and pari passu or
junior with respect to security with the Obligations or may be unsecured (and to the extent junior in right of payment or security, shall be subject to intercreditor arrangements reasonably satisfactory to the Administrative Agent) and 

(v) each New Revolving Credit Facility established under the Loan Documents shall provide that 

  
 105 

 (A) the borrowing and repayment (except for (1) repayments required
upon the maturity of any Revolving Credit Loan or Incremental Revolving Credit Loan and (2) repayment made in connection with a permanent repayment and termination of commitments (subject to clause (B) below)) under Incremental Revolving Credit
Facilities after the date of obtaining any Incremental Revolving Credit Facility shall be made on a pro rata basis with the Revolving Credit Facilities and 

(B) the permanent repayment of Incremental Revolving Credit Loans, and termination of commitments, under Incremental Revolving
Credit Facilities after the date of obtaining any Incremental Revolving Credit Facility shall be made on a pro rata basis with the Revolving Credit Facilities, except that any Borrower shall be permitted to permanently repay and terminate
commitments under any Revolving Credit Facility or Incremental Revolving Credit Facility on a better than pro rata basis as compared to any such facility with a later maturity date. 

(d) The terms and provisions of any Incremental Term Loans shall be, if such Incremental Term Loans are not Initial Term Loans, except as
otherwise set forth herein or in the joinder agreement set forth in Section 2.14(a), substantially identical to the Initial Term Loans, as applicable; provided that, except as otherwise
set forth herein or in the joinder agreement set forth in Section 2.14(a), then 

(i) the weighted average life to maturity of any New Term Loan Facility shall be no shorter than the weighted average life to
maturity of any then outstanding Term Loans, (or, in the case of any New Term Loans that are Refinancing Incremental Term Loans, the weighted average life to maturity of the Tranche of Term Loans that are being refinanced), 

(ii) the final maturity date with respect to any New Term Loans shall be no earlier than the maturity date of any then
outstanding Term Loans (or, in the case of any New Term Loans that are refinancing Incremental Term Loans, the final maturity date of the Tranche of Term Loans that are being refinanced), 

(iii) if the Yield on any New Term Loans which are (a) incurred hereunder no later than 12 months after the 20202021 Incremental Amendment EffectiveFunding Date and
(b) are secured on a pari passu basis with the
20202021 Incremental Term
Loans exceeds by more than 50 basis points (the amount of such excess above 50 basis points being referred to herein as the “Yield Differential”) the Applicable Rate then in effect for any 20202021 Incremental Term Loans, then
the Applicable Rate (together with, as provided in the proviso below, the Adjusted Eurocurrency Rate (or a Benchmark Replacement
thereof) or Base Rate floor) then in effect for
20202021 Incremental Term
Loans shall automatically be increased by the Yield Differential, effective upon the making of the New Term Loans (and if the margins on the New Term Loans are subject to a leveraged-based pricing grid, appropriate increases to the Applicable Rates
for the 20202021 Incremental
Term Loans, consistent with the foregoing, shall be made); provided that, (x) if any New Term
Loans include an Adjusted Eurocurrency Rate (or a Benchmark Replacement thereof) or Base Rate floor that is greater
than the Adjusted Eurocurrency Rate (or a Benchmark Replacement thereof) or Base Rate floor then applicable to any
20202021 Incremental Term
Loans, such differential between interest rate floors shall be included in the calculation of Yield for purposes of this clause (iii), but only to the extent an increase in the Adjusted Eurocurrency Rate (or a Benchmark Replacement thereof) or Base Rate floor applicable to such 20202021 Incremental Term Loans would
cause an increase in the interest rate then in effect thereunder, and in such case the Adjusted Eurocurrency Rate (or a Benchmark
Replacement thereof) and Base Rate floors (but not the Applicable Rate) applicable to the Term Loans shall be increased to the extent of such differential between interest rate floors and
(y) for the avoidance of doubt, any spread adjustment applicable to any Replacement Benchmark shall not
be deemed to be part of the
“Applicable
Rate” (this clause (iii), the “MFN Adjustment”), 

  
 106 

 (iv) any guarantor of any New Term Loan Facility shall also be a Guarantor,

 (v) if secured, such New Term Loan Facility shall not be secured by any assets that do not constitute Collateral and may
not be secured pursuant to security documentation that is more restrictive to the Loan Parties than the Loan Documents, and 

(vi) each New Term Loan Facility shall rank pari passu or junior in right of payment and pari passu or junior
with respect to security with the Obligations or may be unsecured (and to the extent subordinated in right of payment or security, shall be subject to intercreditor arrangements reasonably satisfactory to the Administrative Agent). 

Each joinder agreement referred to in Section 2.14(a) may, without the consent of any other Lenders, effect
such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, as reasonably determined by the Administrative Agent in its sole discretion, to effect the provision of this
Section 2.14. 
 (e) Each of the parties hereto hereby agrees that the Administrative Agent
may take any and all action as may be reasonably necessary to ensure that all Incremental Loans that are to be additional Term Loans or Revolving Credit Loans, as applicable, and when originally made, are included in each Borrowing of outstanding
Term Loans or Revolving Credit Loans, as applicable, on a pro rata basis. This may be accomplished at the discretion of the Administrative Agent by requiring each outstanding Eurocurrency Rate Loan to be converted into a Base Rate Loan on the date
of each such Incremental Loan, or by allocating a portion of each such Incremental Loan to each outstanding applicable Eurocurrency Rate Loans on a pro rata basis, even though as a result thereof such Incremental Loan may effectively have a shorter
Interest Period than the Loans included in the Borrowing of which they are a part (and notwithstanding any other provision of this Agreement that would prohibit such an initial Interest Period). Any conversion of Eurocurrency Rate Loans to Base Rate
Loans made pursuant to the preceding sentence shall be subject to Section 3.05. If any Incremental Loan is to be allocated to an existing Interest Period for a Eurocurrency Rate Loan then, subject to
Section 2.08(b), the interest rate applicable to such Incremental Loan for the remainder of such Interest Period shall equal the Adjusted Eurocurrency Rate for a period approximately equal to the
remainder of such Interest Period (as determined by the Administrative Agent two Business Days before the date such Incremental Loan is made) plus the Applicable Rate then in effect. In addition, to the extent any Incremental Term Loans are to be
additional Term Loans, the applicable scheduled amortization payments under Section 2.07 required to be made after the making of such Incremental Term Loans shall be ratably increased by the aggregate
principal amount of such Incremental Term Loans. 
 (f) Prior to the Increased Amount Date, if the Restricted Subsidiary incurring the
Incremental Facility is an Additional Borrower, such Subsidiary shall deliver to the Lenders providing the Incremental Facility (including any New Incremental Lender) and the Administrative Agent, such documentation and other information reasonably
requested by such Lenders or the Administrative Agent for purposes of complying with all necessary “know-your-customer” or other similar checks under all applicable laws and regulations and no written objection submitted by any of the
Lenders or the Administrative Agent within five Business Days of the date of receipt of such documentation and other information shall have been given by such Lenders or the Administrative Agent. 

Any obligations in respect of borrowings by any Borrower or any Additional Borrower under this Agreement will constitute “Obligations” for all
purposes of the Loan Documents. If the Incremental Facility is incurred in a currency other than Dollars, this Agreement may be amended to reflect such new currency hereunder, which amendment must be mutually agreed to by the Administrative Agent
and Holdings. 

  
 107 

 (g) For the avoidance of doubt, no amendment, waiver or consent pursuant to
Section 11.01 shall impose any greater restriction on the ability of any Lender to assign any of its rights or obligations hereunder with respect to any New Term Loan Facility without the written
consent of the holders of a majority of the aggregate unpaid principal amount of such Term Loan Commitments and New Term Loans outstanding under such New Term Loan Facility. 

(h) Any Incremental Facility that is secured on a junior lien basis to the Obligations or is unsecured shall be established pursuant to
separate documentation from the Loan Documents. 
 For the avoidance of doubt, any prepayment of Loans with the proceeds received in
connection with the incurrence of Incremental Term Loans pursuant to this Section 2.14 shall be deemed an optional prepayment under Section 2.05(a). 

2.15 Defaulting Lender. 

(a) Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then the following
provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (i) Waivers and Amendments. Such
Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders and in
Section 11.01. 
 (ii) Defaulting Lender Waterfall. Any payment of
principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the
Administrative Agent from a Defaulting Lender pursuant to Section 11.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: 

first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; 

second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the L/C Issuers hereunder;

 third, to cash collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender in
accordance with Section 2.15(d); 
 fourth, as the Borrowers may
request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; 

fifth, if so determined by the Administrative Agent and Holdings, to be held in a deposit account and released pro rata
in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) cash collateralize the L/C Issuers’ future Fronting Exposure with respect to such Defaulting
Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.15(d); 

  
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 sixth, to the payment of any amounts owing to the Lenders or the L/C
Issuers as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the L/C Issuers against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; 

seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a
result of any judgment of a court of competent jurisdiction obtained by the Borrowers against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and 

eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; 

provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowing in respect of which
such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 5.02
were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans
of, or L/C Borrowings owed to, such Defaulting Lender until such time as all Loans and L/C Exposure are held by the Lenders pro rata in accordance with the Commitments under the applicable Facility without giving effect to
Section 2.15(a)(v). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral
pursuant to this Section 2.15(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Subject to Section 11.06(b)(viii) hereof, the failure of any Defaulting
Lender to make the Loan to be made by it as part of any Borrowing shall constitute a material breach by such Defaulting Lender of this Agreement and, to the extent such Defaulting Lender fails to cure the default pursuant to
Section 2.15(b) hereof within five Business Days shall entitle the Borrowers to replace the Defaulting Lender with one or more substitute Lenders, and the Defaulting Lender shall
have no right to refuse to be replaced hereunder. The notice from the Borrowers to the Administrative Agent and such Defaulting Lender being replaced shall specify an effective date for such replacement, which date shall be at least two
Business Days, but not later than fifteen Business Days, after the date such notice is given. Prior to the effective date of such replacement, the Defaulting Lender shall execute and deliver an Assignment and Assumption, subject only to
the Defaulting Lender being repaid its share of the outstanding Obligations without any premium or penalty of any kind whatsoever. If the Defaulting Lender shall refuse or fail to execute and deliver any such Assignment and
Assumption prior to the effective date of such replacement, the Defaulting Lender shall be deemed to have executed and delivered such Assignment and Assumption. The replacement of any Defaulting Lender shall be made in accordance
with the terms of Section 11.15. 
 (iv) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any Commitment Fee for any period during which that Lender is a
Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

  
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 (B) Each Revolving Credit Lender that is a Defaulting Lender shall be
entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Pro Rata Share of the available amount of Letters of Credit for which it has provided cash collateral
pursuant to Section 2.15(d). 
 (C) With respect to any Letter of Credit Fees
not required to be paid to any Revolving Credit Lender that is a Defaulting Lender (as “Defaulting Revolving Credit Lender”) pursuant to clause (B) above, the Borrowers shall (x) pay to each non-Defaulting Revolving Credit Lender that portion of any such fee otherwise payable to such Defaulting Revolving Credit Lender with respect to such Defaulting Revolving Credit Lender’s obligation to fund
participations in respect of Letters of Credit that have been reallocated to such non-Defaulting Revolving Credit Lender pursuant to Section 2.15(a)(v) below,
(y) pay to each L/C Issuer the amount of any such fee otherwise payable to such Defaulting Revolving Credit Lender to the extent allocable to such L/C Issuer’s Fronting Exposure to such Defaulting Revolving Credit Lender and (z) not
be required to pay the remaining amount of any such fee. 
 (v) Reallocation of Participations to Reduce Fronting
Exposure. All or any part of such Defaulting Revolving Credit Lender’s obligation to fund participations in respect of Letters of Credit shall be reallocated among the non-Defaulting Revolving Credit Lenders in accordance with their
respective Pro Rata Shares (calculated without regard to such Defaulting Revolving Credit Lender’s Revolving Credit Commitment) but only to the extent that (x) the conditions set forth in
Section 5.02 are satisfied at the time of such reallocation (and, unless the Borrowers shall have otherwise notified the Administrative Agent at such time, the Borrowers shall be deemed to have
represented and warranted that such conditions are satisfied at such time), and (y) the Outstanding Amount of each non-Defaulting Revolving Credit Lender’s Revolving Credit Loans and L/C Obligations (with the aggregate amount of each
Revolving Credit Lender’s funded participations in L/C Obligations (prior to giving effect to such reallocation) being deemed ‘held’ by such Revolving Credit Lender for this purpose) do not exceed the Revolving Credit Commitment of
such non-Defaulting Revolving Credit Lender. Subject to Section 11.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender
arising from that Lender having become a Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following such reallocation. 

(vi) Cash Collateral. If the reallocation described in clause (v) above cannot, or can only
partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to it hereunder or under law, cash collateralize any L/C Issuer’s Fronting Exposure (after giving effect to any partial reallocation pursuant to
clause (v) above) in accordance with the procedures set forth in Section 2.15(d) for so long as such Obligations are outstanding. 

(b) Defaulting Lender Cure. If the Borrowers, the Administrative Agent and each L/C Issuer agree in writing that a Lender is no longer
a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash
collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and
unfunded participations in Letters of Credit to be held pro rata by the Lenders in accordance with the Commitments under the applicable Facility (without giving effect to Section 2.15(a)(v)), whereupon
such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of any Borrower while that Lender was a Defaulting Lender;
provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender. 

  
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 (c) New Letters of Credit. So long as any Revolving Credit Lender is a Defaulting
Lender, no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto (determined after giving effect to
Section 2.15(a)(v) and any cash collateral provided by such Defaulting Lender). 
 (d)
Cash Collateral. 
 (i) At any time that there shall exist a Defaulting Lender, within one Business Day following the
written request of the Administrative Agent or any L/C Issuer (with a copy to the Administrative Agent) the Borrowers shall cash collateralize such L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender (determined after giving
effect to Section 2.15(a)(v) and any cash collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount. 

(ii) The Borrowers, and to the extent provided by any Defaulting Revolving Credit Lender, such Defaulting Revolving Credit
Lender, hereby grant to the Administrative Agent, for the benefit of each L/C Issuer, and agrees to maintain, a first priority security interest in all such cash collateral as security for the Defaulting Revolving Credit Lender’s obligation to
fund participations in respect of Letters of Credit, to be applied pursuant to clause (iii) below. If at any time the Administrative Agent determines that cash collateral is subject to any right or claim of any Person other than the
Administrative Agent and such L/C Issuer as herein provided (other than Permitted Liens), or that the total amount of such cash collateral is less than the Minimum Collateral Amount, the Borrowers will, promptly upon demand by the Administrative
Agent, pay or provide to the Administrative Agent additional cash collateral in an amount sufficient to eliminate such deficiency (after giving effect to any cash collateral provided by the Defaulting Revolving Credit Lender). 

(iii) Notwithstanding anything to the contrary contained in this Agreement, cash collateral provided under this
Section 2.15 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Revolving Credit Lender’s obligation to fund participations in respect of Letters of Credit
(including, as to cash collateral provided by a Defaulting Revolving Credit Lender, any interest accrued on such obligation) for which the cash collateral was so provided, prior to any other application of such property as may otherwise be provided
for herein. 
 (iv) Cash collateral (or the appropriate portion thereof) provided to reduce any L/C Issuer’s Fronting
Exposure shall no longer be required to be held as cash collateral pursuant to this Section 2.15 following (i) the elimination of the applicable Fronting Exposure (including by the termination of
Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and such L/C Issuer that there exists excess cash collateral; provided that, subject to this
Section 2.15 the Person providing cash collateral and such L/C Issuer may agree that cash collateral shall be held to support future anticipated Fronting Exposure or other obligations;
provided, further, that to the extent that such cash collateral was provided by a Borrower, such cash collateral shall remain subject to the security interest granted pursuant to the Loan Documents. 

  
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 2.16 Extension of Term Loans and Revolving Credit Commitments. 

(a) The Borrowers may at any time and from time to time request that all or a portion of the (i) Term Loans of one or more Tranches
existing at the time of such request (each, an “Existing Term Loan Tranche”, and the Term Loans of such Tranche, the “Existing Term Loans”) or (ii) Revolving Credit Commitments and Revolving
Credit Loans of one or more Tranches existing at the time of such request (each, an “Existing Revolving Tranche” and together with the Existing Term Loan Tranches, each an “Existing Tranche”, and the
Revolving Credit Commitments of such Existing Revolving Tranche, the “Existing Revolving Credit Commitments”, and the Revolving Credit Loans of such Existing Revolving Tranche, the “Existing Revolving
Loans” and, together with the Existing Term Loans, the “Existing Loans”), in each case, be converted to extend the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any
principal amount of any Existing Tranche (any such Existing Tranche which has been so extended, an “Extended Term Tranche” or “Extended Revolving Credit Tranche”, as applicable, and each an
“Extended Tranche”, and the Term Loans, Revolving Credit Commitments or Revolving Credit Loans, as applicable, of such Extended Tranches, the “Extended Term Loans”, “Extended Revolving
Credit Commitments” or “Extended Revolving Credit Loans”, as applicable and, collectively, the “Extended Loans”) and to provide for other terms consistent with this
Section 2.16; provided that 
 (i) no Event of Default pursuant
to Section 9.01(a), (f) or (g) shall have occurred and be continuing at the time of such extension or would exist after giving effect to such extension, 

(ii) any such request shall be made by Holdings to all Lenders within any one or more Tranches of Term Loans or Revolving
Credit Commitments and Revolving Credit Loans, as applicable, (whether under one or more Tranches) on a pro rata basis (based on the aggregate outstanding principal amount of the applicable Term Loans or on the aggregate Revolving Credit Commitments
within any one or more Tranches, as applicable) and 
 (iii) any applicable Minimum Extension Condition shall be satisfied
unless waived by the Borrowers in its sole discretion. 
 In order to establish any Extended Tranche, the Borrowers shall provide a notice to the
Administrative Agent (who shall provide a copy of such notice to each of the Lenders of the applicable Existing Tranche) (an “Extension Request”) setting forth the proposed terms of the Extended Tranche to be established,
which terms shall be substantially similar, when taken as a whole, to those applicable to the Existing Tranche from which they are to be extended (the “Specified Existing Tranche”), except 

(x) all or any of the final maturity dates of such Extended Tranches may be delayed to later dates than the final maturity
dates of the Specified Existing Tranche, 
 (y) (A) the interest margins with respect to the Extended Tranche may be higher
or lower than the interest margins for the Specified Existing Tranche and/or (B) additional fees may be payable to the Lenders providing such Extended Tranche in addition to or in lieu of any increased margins contemplated by the preceding
clause (A) and 
 (z) in the case of an Extended Term Tranche, so long as the
weighted average life to maturity of such Extended Tranche would be no shorter than the remaining weighted average life to maturity of the Specified Existing Tranche, amortization rates with respect to the Extended Term Tranche may be higher or
lower than the amortization rates for the Specified Existing Tranche, in each case to the extent provided in the applicable Extension Amendment; 

  
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 provided that, notwithstanding anything to the contrary set forth in this
Section 2.16 or otherwise, assignments and participations of Extended Tranches shall be governed by the same or, at the Borrowers’ discretion, more restrictive assignment and participation
provisions applicable to Initial Term Loans or Initial Revolving Credit Commitments, as applicable, set forth in Section 11.06. No Lender shall have any obligation to agree to have any of its Existing
Loans converted into an Extended Tranche pursuant to any Extension Request. Any Extended Tranche shall constitute a separate Tranche of Loans from the Specified Existing Tranches and from any other Existing Tranches (together with any other Extended
Tranches so established on such date). 
 (b) The Borrowers shall provide the applicable Extension Request at least ten (10) Business
Days (or such shorter period as the Administrative Agent may agree in its reasonable discretion) prior to the date on which Lenders under the applicable Existing Tranche or Existing Tranches are requested to respond. Any Lender (an
“Extending Lender”) wishing to have all or a portion of its Specified Existing Tranche converted into an Extended Tranche shall notify the Administrative Agent (each, an “Extension Election”) on or
prior to the date specified in such Extension Request of the amount of its Specified Existing Tranche that it has elected to convert into an Extended Tranche. In the event that the aggregate amount of the Specified Existing Tranche subject to
Extension Elections exceeds the amount of Extended Tranches requested pursuant to the Extension Request, the Specified Existing Tranches subject to Extension Elections shall be converted to Extended Tranches on a pro rata basis based on the amount
of Specified Existing Tranches included in each such Extension Election. In connection with any extension of Loans pursuant to this Section 2.16 (each, an “Extension”), the
Borrowers shall agree to such procedures regarding timing, rounding and other administrative adjustments to ensure reasonable administrative management of the credit facilities hereunder after such Extension, as may be established by, or acceptable
to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.16. The Borrowers may amend, revoke or replace an Extension Request pursuant to procedures
reasonably acceptable to the Administrative Agent at any time prior to the date (the “Extension Request Deadline”) on which Lenders under the applicable Existing Term Loan Tranche or Existing Term Loan Tranches are requested
to respond to the Extension Request. Any Lender may revoke an Extension Election at any time prior to 5:00 p.m. on the date that is two Business Days prior to the Extension Request Deadline, at which point the Extension Request becomes irrevocable
(unless otherwise agreed by Borrower). The revocation of an Extension Election prior to the Extension Request Deadline shall not prejudice any Lender’s right to submit a new Extension Election prior to the Extension Request Deadline. 

(c) Extended Tranches shall be established pursuant to an amendment (an “Extension Amendment”) to this Agreement
(which may include amendments to provisions related to maturity, interest margins or fees referenced in clauses (x) and (y) of Section 2.16(a), or, in the case of
Extended Term Tranches, amortization rates referenced in clause (z) of Section 2.16(a), or amendments to any other terms (including representations and warranties, conditions,
prepayments, covenants or events of default) that are necessary or appropriate to implement the provisions thereof or that are favorable to the then-existing Lenders, as reasonably determined by the Administrative Agent in its sole discretion, and
which, in each case, except to the extent expressly contemplated by the last sentence of this Section 2.16(c) and notwithstanding anything to the contrary set forth in
Section 11.01, shall not require the consent of any Lender other than the Extending Lenders with respect to the Extended Tranches established thereby and any L/C Issuers with respect to the Extended
Tranches established thereby) executed by the Loan Parties, the Administrative Agent, the Extending Lenders with respect to the Extended Tranches and any L/C Issuers with respect to the Extended Tranches. Subject to the requirements of this
Section 2.16 and without limiting the generality or applicability of Section 11.01 to any Section 2.16
Additional Amendments, any Extension Amendment may provide for additional terms and/or additional amendments other than those referred to or contemplated above (any such additional amendment, a
“Section 2.16 Additional Amendment”) to this Agreement and the other Loan Documents; provided that such Section 2.16 Additional Amendments do not become effective prior to
the time that such Section 2.16 Additional 

  
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Amendments have been consented to (including, without limitation, pursuant to consents applicable to holders of any Extended Tranches provided for in any Extension Amendment) by such of the
Lenders, Loan Parties and other parties (if any) as may be required in order for such Section 2.16 Additional Amendments to become effective in accordance with Section 11.01;
provided, further, that no Extension Amendment may provide for (i) any Extended Tranche to be secured by any Collateral or other assets of any Loan Party that does not also secure the applicable Existing Tranches or
be guaranteed by any Person other than the Guarantors and (ii) so long as any Existing Term Loan Tranches are outstanding, any mandatory prepayment provisions that do not also apply to the Existing Term Loan Tranches (other than Existing Term
Loan Tranches secured on a junior basis by the Collateral or ranking junior in right of payment, which shall be subject to junior prepayment provisions) on a pro rata or otherwise more favorable basis. Notwithstanding anything to the contrary set
forth in Section 11.01, any such Extension Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the reasonable
judgment of Holdings and the Administrative Agent, to effect the provisions of this Section 2.16; provided that the foregoing shall not constitute a consent on behalf of any Lender to the
terms of any Section 2.16 Additional Amendment. Notwithstanding anything to the contrary contained in this Agreement, on any date on which any Existing Tranche is converted to extend the related scheduled maturity date(s) in accordance with
Section 2.16(a) (an “Extension Date”), in the case of the Specified Existing Tranche of each Extending Lender, the aggregate principal amount of such Specified Existing
Tranche shall be deemed reduced by an amount equal to the aggregate principal amount of Extended Tranche so converted by such Lender on such date, and such Extended Tranches shall be established as a separate Tranche from the Specified Existing
Tranche and from any other Existing Tranches (together with any other Extended Tranches so established on such date). 
 (d) If, in
connection with any proposed Extension Amendment, any Lender declines to consent to the applicable extension on the terms and by the deadline set forth in the applicable Extension Request (each such other Lender, a “Non-Extending Lender”) then the Borrowers may, on notice to the Administrative Agent and the Non-Extending Lender, replace such
Non-Extending Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to Section 11.06 (with the assignment fee and any other
costs and expenses to be paid by the Borrowers in such instance) all of its rights and obligations under this Agreement to one or more assignees; provided that neither the Administrative Agent nor any Lender shall have any obligation
to the Borrowers to find a replacement Lender; provided, further, that the applicable assignee shall have agreed to provide Extended Loans on the terms set forth in such Extension Amendment; provided,
further, that all obligations of the Borrowers owing to the Non-Extending Lender relating to the Existing Loans so assigned shall be paid in full by the assignee Lender to such Non-Extending Lender concurrently with such Assignment and Assumption. In connection with any such replacement under this Section 2.16, if the Non-Extending Lender does not execute and deliver to the Administrative Agent a duly completed Assignment and Assumption by the later of (A) the date on which the replacement Lender executes and delivers such
Assignment and Assumption and (B) the date as of which all obligations of the Borrowers owing to the Non-Extending Lender relating to the Existing Loans so assigned shall be paid in full by the assignee
Lender to such Non-Extending Lender, then such Non-Extending Lender shall be deemed to have executed and delivered such Assignment and Assumption as of such date and
Holdings shall be entitled (but not obligated) to execute and deliver such Assignment and Assumption on behalf of such Non-Extending Lender. 

(e) Following any Extension Date, with the written consent of Holdings, any Non-Extending Lender may
elect to have all or a portion of its Existing Loans deemed to be an Extended Loan under the applicable Extended Tranche on any date (each date a “Designation Date”) prior to the maturity date of such Extended Tranche;
provided that such Lender shall have provided written notice to Holdings and the Administrative Agent at least ten (10) Business Days prior to such Designation Date (or such shorter period as the Administrative Agent may
agree in its reasonable discretion); provided, further, that no greater amount shall be paid by or on behalf of Holdings or any of its Affiliates to any such Non-Extending Lender

  
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as consideration for its extension into such Extended Tranche than was paid to any Lender in respect of such Extended Tranche as consideration for its Extension into such Extended Tranche.
Following a Designation Date, the Existing Loans held by such Lender so elected to be extended will be deemed to be Extended Loans of the applicable Extended Tranche, and any Existing Loans held by such Lender not elected to be extended, if any,
shall continue to be “Existing Loans” of the applicable Tranche. 
 With respect to all Extensions consummated by the Borrowers
pursuant to this Section 2.16, (i) such Extensions shall not constitute optional or mandatory payments or prepayments for purposes of Sections 2.05(a) and (b) and
(ii) no Extension Request is required to be in any minimum amount or any minimum increment, provided that Holdings may elect to specify as a condition (a “Minimum Extension Condition”) to consummating any such
Extension that a minimum amount (to be determined and specified in the relevant Extension Request in the Borrowers’ sole discretion and may be waived by the Borrowers) of Existing Loans of any or all applicable Tranches be extended. The
Administrative Agent and the Lenders hereby consent to the transactions contemplated by this Section 2.16 (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of
any Extended Loans on such terms as may be set forth in the relevant Extension Request) and hereby waive the requirements of any provision of this Agreement (including, without limitation, Sections 2.05(a) and
(b) and Section 2.07) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this
Section 2.16. 
 For the avoidance of doubt, the provisions of
Section 2.13 shall not be construed to apply to any Extension in accordance with this Section 2.16. 

For the avoidance of doubt, any prepayment of Loans with the proceeds received in connection with the incurrence of Term Loans and Revolving
Credit Commitments pursuant to this Section 2.16 shall be deemed an optional prepayment under Section 2.05(a). 

2.17 Interest Act (Canada). 

(a) For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest or any fee to be paid hereunder or
in connection herewith is to be calculated on the basis of a 360-day or 365-day year, the yearly rate of interest to which the rate used in such calculation is
equivalent is the rate so used multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365, as applicable. The rates of interest under this Agreement are nominal rates, and not
effective rates or yields. The principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement. 

(b) Each Canadian Loan Party acknowledges and confirms that: 

(i) clause (a) above satisfies the requirements of Section 4 of the Interest Act (Canada) to the extent it applies to
the expression or statement of any interest payable under any Loan Document; and 
 (ii) such Canadian Loan Party is able to
calculate the yearly rate or percentage of interest payable under any Loan Document based upon the methodology set out in clause (a) above. 

(c) Any provision of this Agreement that would oblige a Canadian Loan Party to pay any fine, penalty or rate of interest on any arrears of
principal or interest secured by a mortgage on real property or hypothec on immovables that has the effect of increasing the charge on arrears beyond the rate of interest payable on principal money not in arrears shall not apply to such Canadian
Loan Party, which shall be required to pay interest on money in arrears at the same rate of interest payable on principal money not in arrears. 

  
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 (d) If any provision of this Agreement would oblige a Canadian Loan Party to make any
payment of interest or other amount payable to any Secured Party in an amount or calculated at a rate which would be prohibited by law or would result in a receipt by that Secured Party of “interest” at a “criminal rate” (as such
terms are construed under the Criminal Code (Canada)), then, notwithstanding such provision, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would
not be so prohibited by applicable law or so result in a receipt by that Secured Party of “interest” at a “criminal rate”, such adjustment to be effected, to the extent necessary (but only to the extent necessary), as follows:

 (i) first, by reducing the amount or rate of interest; and 

(ii) thereafter, by reducing any fees, commissions, costs, expenses, premiums and other amounts required to be paid which would
constitute interest for purposes of section 347 of the Criminal Code (Canada). 
 ARTICLE III. 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01 Taxes. 
 (a)
Except as required by applicable law, any and all payments by or on behalf of any Loan Party to or for the account of the Administrative Agent or any Lender under any Loan Document shall be made free and clear of and without deduction for any and
all present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings (including back-up withholding) or similar charges imposed by any Governmental Authority, and all interest,
penalties or other liabilities with respect thereto (hereinafter referred to as “Taxes”), excluding, in the case of the Administrative Agent and each Lender, 

(A) taxes imposed on or measured by its overall net income, and franchise taxes imposed on it (in lieu of net income taxes), in
each case, (x) 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, maintains a lending office, or (y) is subject to tax by virtue of
any present or former connection (other than solely having executed, delivered, performed its obligations, received or perfected a security interest under, received payments under, engaged in any other transaction pursuant to or enforced the Loan
Documents, or sold or assigned an interest in any Loan or Loan Document), 
 (B) branch profits taxes imposed by a
jurisdiction described under clause (A) above, 
 (C) in the case of a Foreign Lender with respect to a US
Borrower (other than an assignee pursuant to a request by the Borrowers under Section 11.15), any United States federal withholding tax that is imposed on amounts payable to such Foreign Lender under
the law applicable at the time such Lender becomes a party to this Agreement (or designates a new lending office) except to the extent that such Lender (or its assignor, if any) was entitled, immediately before designation of a new lending office
(or assignment), to receive additional amounts with respect to such withholding tax pursuant to this Section 3.01, 

(D) taxes attributable to the failure to comply with Section 11.14, 

  
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 (E) any U.S. federal withholding taxes imposed under FATCA and 

(F) in the case of a Lender with respect to a Borrower that is a Canadian Loan Party (other than an assignee pursuant to a
request by the Borrowers under Section 11.15), any Canadian federal withholding tax that is imposed on amounts payable to or for the benefit of the Lender arising as a result of such Lender (i) not
dealing at arm’s length (within the meaning of the Income Tax Act (Canada)) with a Canadian Loan Party, or (ii) being a “specified non-resident shareholder” of a Canadian Loan Party or a non-resident person not dealing at arm’s length with a “specified shareholder” of a Canadian Loan Party (in each case within the meaning of the Income Tax Act (Canada)) (all such non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, interest, penalties and other liabilities being hereinafter referred to as “Non-Excluded Taxes”). 
 Notwithstanding the foregoing, if any Taxes are required to be deducted from or in
respect of any sum payable under any Loan Document to the Administrative Agent or any Lender, 
 (i) such Loan Party shall
make such deductions, 
 (ii) such Loan Party shall pay the full amount deducted to the relevant taxation authority or other
authority in accordance with applicable Laws, 
 (iii) if such Tax is a Non-Excluded
Tax, the sum payable by the Loan Party shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 3.01),
each of the Administrative Agent and such Lender receives an amount equal to the sum it would have received had no such deductions been made on account of Non-Excluded Taxes and 

(iv) as soon as practicable after the date of such payment, such Loan Party shall furnish to the Administrative Agent (which
shall forward the same to such Lender) or Lender (as the case may be) the original or a certified copy of a receipt evidencing payment thereof to the extent such a receipt is issued therefor, or other written proof of payment thereof that is
reasonably satisfactory to the Administrative Agent. 
 (b) In addition, each Loan Party agrees to pay any and all present or future stamp,
court or documentary, intangible, recording, filing or similar taxes and any other excise or property taxes or charges or similar levies which arise from any payment made under any Loan Document or from the execution, delivery, performance,
enforcement or registration of, or otherwise with respect to, any Loan Document, excluding any such taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 11.15)
(hereinafter referred to as “Other Taxes”). 
 (c) Each Loan Party agrees to indemnify the Administrative Agent and
each Lender for (i) the full amount of any Non-Excluded Taxes and Other Taxes (including any Non-Excluded Taxes or Other Taxes imposed or asserted by any
jurisdiction on amounts payable under this Section 3.01) payable or paid by the Administrative Agent and such Lender or required to be withheld or deducted from a payment to such party and (ii) any
reasonable expenses arising therefrom or with respect thereto, in each case whether or not such Non-Excluded Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority, except for any interest and penalties with respect to Non-Excluded Taxes or Other Taxes to the extent such Non-Excluded Taxes or Other Taxes are determined by
a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of the Administrative Agent or such Lender. Payment under this
Section 3.01(c) shall be made within 30 days after the date such Lender or the Administrative Agent makes a demand therefor. A certificate as to the amount of such payment or liability delivered to the
Loan Party by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

  
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 (d) If any Lender is entitled to a refund, as determined by such Lender in its sole
discretion exercised in good faith (including any credit in lieu of a refund) of any Taxes with respect to which it has been indemnified pursuant to this Section 3.01 (including by the payment of
additional amounts pursuant to this Section 3.01), such Lender shall pay over such refund to the applicable Loan Party (but only to the extent of additional amounts paid by the Loan Party under
this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses of such Lender
and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Loan Party, upon the request of such Lender, agrees to repay the amount paid over to such Loan
Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Lender in the event such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary
set forth in this paragraph (d), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (d) the payment of which would place the indemnified party in
a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or
additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any Lender to make available its tax returns (or any other information relating to its Taxes which it deems confidential) to any Loan
Party or any other Person. 
 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans
or RFR Loans, or to determine or charge interest rates based upon the Adjusted Eurocurrency Rate or the Daily Simple RFR, or any Governmental Authority has imposed material restrictions on the authority of such Lender to
purchase or sell, or to take deposits of, Dollars or any Alternative Currency in the applicable interbank market then, on notice thereof by such Lender to the Borrowers through the Administrative Agent, any obligation of such Lender to make or
continue Eurocurrency Rate Loans or RFR Loans in the affected currency or currencies or to convert Base Rate Loans to
Eurocurrency Rate Loans and the calculation of Base Rate based upon the Adjusted Eurocurrency Rate shall be suspended until such Lender notifies the Administrative Agent and the Borrowers that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, each Loan Party shall prepay such RFR Loans in full or shall, upon demand
from such Lender (with a copy to the Administrative Agent), prepay such Eurocurrency Rate Loans or, if applicable and such Loans are denominated in Dollars, convert all Eurocurrency Rate Loans of such Lender to Base Rate Loans, either on the last
day of the Interest Period therefor, if any, if such Lender may lawfully continue to maintain such Eurocurrency Rate
Loans or RFR Loans to such day, or immediately, if
no Interest Period applies or if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans. or RFR Loans, as applicable.
Upon any such prepayment or conversion, the applicable Loan Party shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such
notice and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender. 
 3.03
Inability to Determine Rates. 
 (a) If the Required Lenders reasonably determine that 

(i) for any reason adequate and reasonable means do not exist for determining the Eurocurrency Rate or the Adjusted
Eurocurrency Rate or Daily Simple RFR for any requested Interest Period with respect to a proposed Eurocurrency Rate
Loan (including because the US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate, as applicable, is not available or published on a current
basis) or RFR Loans, 

  
 118 

 (ii) they are unable to obtain matching deposits in the London inter-bank
market at or about 11:00 a.m. (London time) on the second Business Day before the making of a Borrowing in sufficient amounts to fund their respective Loans as a part of such Borrowing during its Interest Period or 

(iii) the Eurocurrency Rate or the Adjusted Eurocurrency Rate for any Interest Period for such Loans will not adequately
reflect the cost to such Required Lenders of making, funding or maintaining their respective Eurocurrency Rate Loans for such Interest Period, the Administrative Agent will promptly so notify Holdings and each Lender. 

Thereafter, the obligation of the Lenders to make or maintain Eurocurrency Rate Loans
or RFR Loans and the calculation of Base Rate based upon Adjusted Eurocurrency Rate shall be suspended until the
Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrowers may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans or RFR Loans or, failing that, in the case of Eurocurrency Rate Loans will be deemed to have converted such request into
a request for a Borrowing of Base Rate Loans in Dollars in (or, in the case of any applicable Loan in an Alternative Currency, in an amount equal to the Dollar Equivalent thereof) the amount specified therein. Any then outstanding
(x) Eurocurrency Loans denominated in Dollars shall be converted to Base Rate Loans at the end of the
relevant Interest Period, if applicable, or immediately and (y) any Eurocurrency or RFR Loans denominated
in any Alternative Currency shall prepaid at the end of the relevant Interest Period, if applicable, or immediately.  
 (b)
NotwithstandingSolely with respect to the
Initial Term Loans, notwithstanding anything to the contrary set forth in this Agreement or any other Loan Document, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the
Required Lenders notify the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined, that (i) adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate or the Adjusted Eurocurrency
Rate for any requested Interest Period, including, without limitation, because the US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate, as applicable, is not available or published on a current basis and such circumstances are unlikely to be
temporary; or (ii) the supervisor for the administrator of the US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate, as applicable, or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement
identifying a specific date after which the US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate, applicable, shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled
Unavailability Date”), then, after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable, the Administrative Agent and the Borrowers may amend this Agreement to replace the
Eurocurrency Rate with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein) that has been broadly accepted by the syndicated loan market in the United States in lieu of the
Eurocurrency Rate (it being agreed that such rate shall at no time be less than 0.00% per annum) (any such proposed rate, a “Successor Rate”), together with any proposed Successor Rate Conforming Changes and,
notwithstanding anything to the contrary set forth in Section 11.01, any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Administrative Agent shall
have posted such proposed amendment to all Lenders and the Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent notice that such Required Lenders do not accept such amendment. 

  
 119 

 (c)
IfSolely with respect to the Initial Term
Loans, if no Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred, the obligation of the Lenders to make or maintain Eurocurrency
Rate Loans and the calculation of Base Rate based upon Adjusted Eurocurrency Rate shall be suspended (to the extent of the affected US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate or Interest Periods). Upon receipt of such notice, the
Borrower may revoke any pending request for a Eurocurrency Rate Loan of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected US LIBO Rate, EURIBO Rate or Alternate Currency LIBO Rate or Interest Periods) or,
failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

(d) Solely with respect
to the Initial Term Loans, “Successor Rate Conforming Changes” as used in this Section 3.03, means, with respect to any proposed Successor Rate, any conforming
changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the
adoption of such Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market
practice is not administratively feasible or that no market practice for the administration of such Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the Borrower). 

(e) Notwithstanding
anything to the contrary contained in this Agreement or the other Loan Documents, from time to time if the Borrower and the Administrative Agent reasonably determine in good faith that (A) a comparable successor rate to SONIA (or a successor to such successor rate) becomes available and (B) such successor rate is recommended for use by a Relevant Governmental Body, then the Borrower and the Administrative Agent may amend
this Agreement and the other Loan Documents to replace SONIA or any successor rate with the applicable successor rate to it, pursuant to generally accepted then prevailing market convention as determined by the Borrower in good faith and to make
such other conforming changes to this Agreement and the other Loan Documents in connection therewith, including any necessary spread adjustment that is generally accepted as the then prevailing market convention determined by the Borrower in good
faith, so long as such rate is reasonably practicable for the Administrative Agent to administer, and such amendment shall become effective
at or after 5:00 p.m. (New York City time) on the fifth (5th)
 RFR Business Day after the date notice of such Benchmark Replacement is provided to the Lenders so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising
the Required Lenders (or the Majority Facility Lenders in respect of Revolving Credit Loans denominated in Pound Sterling).
In addition, from time to time, if the Borrower and the Required Lenders (or the Majority Facility Lenders of any
Class of Revolving Credit Loans denominated in Pound Sterling) determine that the circumstances described in the
preceding sentence have occurred, then, the Borrower and the Required Lenders (or the Majority Facility Lenders in respect of Revolving Credit Loans, as applicable) may enter into amendment to this Agreement to implement the changes described above
and to make such other conforming changes to this Agreement and the other Loan Documents in connection therewith, in each case, so long as such rate is reasonably practicable for the Administrative Agent to administer. 

(f) Benchmark
Replacement Setting. 

On March 5, 2021 the Financial Conduct Authority
(“FCA
”),
 the regulatory supervisor of US LIBO
Rate’s
 administrator
(“IBA
”),
 announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-month, 3-month,
6-month and 12- month US LIBO Rate tenor settings. 

  
 120 

Other than with respect to
the Initial Term Loans, notwithstanding anything to the contrary herein or in any other Loan Document: 
 (i)
Replacing
 US LIBO Rate. On the earlier of
(A) the date that all Available Tenors of US LIBO Rate have either permanently or indefinitely ceased to be
provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer representative and
(B) the Early Opt-in Effective Date, if the then-current Benchmark is US
LIBO Rate, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or further action
or consent of any other party to this Agreement or any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

(ii)
 Replacing Other and Future
Benchmarks. Upon the occurrence of a Benchmark Transition Event, the Benchmark Replacement will replace
such Benchmark for all purposes hereunder and under any Loan Document in respect of any such Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders
without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement
from Lenders comprising the Required Lenders of each affected Class. At any time that the administrator of any then-current Benchmark has permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the
regulatory supervisor for the administrator or the administrator of such Benchmark pursuant to public statement or publication of information to be no longer representative and will not be restored, (x) with respect to amounts denominated in Dollars, the Borrower may revoke any request for a borrowing of, conversion to or
continuation of Loans to be made, converted or continued that would bear interest by reference to such Benchmark until the
Borrower’s
 receipt of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate
Loans and (y) with respect to amounts denominated in any currency other than Dollars, the obligation of the
Lenders to make or maintain Loans referencing such Benchmark in the affected currency shall be suspended (to the extent of the affected amounts or Interest Periods (as applicable)) and any outstanding loans in such currency shall immediately or, in
the case of a term rate at the end of the applicable Interest Period, be prepaid in full. During the period referenced in the foregoing sentence, if a component of Base Rate is based upon the Benchmark, such component will not be used in any
determination of Base Rate. 
 (iii)
Benchmark
 Replacement Conforming Changes. In connection with the implementation and administration of any Benchmark
or Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing
such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

  
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(iv)
 Notices; Standards for Decisions and
Determinations. The Administrative Agent will promptly notify the Borrower and the Lenders of
(A) the implementation of any Benchmark Replacement and (B) the effectiveness of any Benchmark Replacement
Conforming Changes. For the avoidance of doubt, any notice required to be delivered by the Administrative Agent as
set forth in this Section 3.03(f) may be provided, at the option of the Administrative Agent (in its sole
discretion), in one or more notices and may be delivered together with, or as part of any amendment which implements any Benchmark Replacement or Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by
the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 3.03(f),
including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will
be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 3.03(f). 

(v)
 Unavailability of Tenor of
Benchmark. At any time (including in connection with the implementation of any Benchmark Replacement), (A)
if the then-current Benchmark is a term rate (including Term SOFR or Eurocurrency Rate), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for
Benchmark (including Benchmark Replacement) settings and (B) the Administrative Agent may reinstate any such
previously removed tenor for Benchmark (including Benchmark Replacement) settings. 

(vi)
 Disclaimer.
 The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to
(A) the administration, submission or any other matter related to the London interbank offered rate, other rates
in the definition of
“Eurocurrency
 Rate” or
 SONIA or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation any Benchmark Replacement implemented hereunder), (B) the composition or characteristics of any such Benchmark
Replacement, including whether it is similar to, or produces the same value or economic equivalence to Eurocurrency Rate, SONIA or any other Benchmark or have the same volume or liquidity as did Eurocurrency Rate, SONIA or any other Benchmark,
(C) any actions or use of its discretion or other decisions or determinations made with respect to any matters
covered by this Section 3.03(f) including, without limitation, whether or not a Benchmark Transition Event has
occurred, the removal or lack thereof of unavailable or non-representative tenors, the implementation or lack thereof of any Benchmark Replacement Conforming Changes, the delivery or non-delivery of any notices required by clause (iv) above or otherwise in
accordance herewith, and (D) the effect of any of the foregoing provisions of this Section 3.03(f). 

3.04 Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans. 

(a) If any Lender determines that as a result of the introduction of or any change in or in the interpretation of any Law, in each case after
the Closing Date, or such Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining Eurocurrency Rate Loans or (as the case may be) issuing or participating in
Letters of Credit, or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this Section 3.04(a) any such increased costs or
reduction in amount resulting from (i) Non-Excluded Taxes or Other Taxes, in each case, addressed by Section 3.01, (ii) changes in the basis of taxation
of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such Lender is organized or has its Lending Office, and (iii) reserve
requirements contemplated by Section 3.04(c)), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrowers shall pay to such Lender such
additional amounts as will compensate such Lender for such increased cost or reduction. 

  
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 (b) If any Lender determines that the introduction of any Law regarding capital adequacy or
liquidity or any change therein or in the interpretation thereof, in each case after the Closing Date, or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any
corporation controlling such Lender as a consequence of such Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and such Lender’s desired return on capital), then from time to time upon
demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrowers shall pay to such Lender such additional amounts as will compensate such Lender for such reduction. 

(c) The Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or
assets consisting of or including Eurocurrency Rate funds or deposits (currently known as “Eurocurrency Liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual
costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan,
provided the Borrowers shall have received at least 15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice 15 days prior to the relevant
Interest Payment Date, such additional interest shall be due and payable 15 days from receipt of such notice. 
 (d) Failure or delay on the
part of any Lender, any L/C Issuer or the Administrative Agent to demand compensation pursuant to this Section 3.04 shall not constitute a waiver of such Lender’s, such L/C Issuer’s or the
Administrative Agent’s right to demand such compensation; provided that the Borrowers shall not be under any obligation to compensate any Lender, any L/C Issuer or the Administrative Agent under
Section 3.04(a) or (b) for increased costs or reductions with respect to any period prior to the date that is 120 days prior to such request if such Lender, such L/C Issuer or the
Administrative Agent knew or could reasonably have been expected to know of the circumstances giving rise to such increased costs or reductions and of the fact that such circumstances would result in a claim for increased compensation by reason of
such increased costs or reductions; provided, further, that the foregoing limitation shall not apply to any increased costs or reductions arising out of the retroactive application of any change in law within such 120-day period. The protection of this Section 3.04 shall be available to each Lender, each L/C Issuer and the Administrative Agent regardless of any possible
contention of the invalidity or inapplicability of the change in law that shall have occurred or been imposed. 
 (e) Notwithstanding
anything set forth herein to the contrary, for purposes of this Section 3.04, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives
thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the
United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “change in law” or “change in the interpretation of law”, regardless of the date enacted, adopted or
issued. 
 3.05 Funding Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time,
the Borrowers shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

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

  
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 (b) any failure by any Borrower (for a reason other than the failure of such Lender to make
a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan or any Loan bearing interest based on a the
Daily Simple RFR Rate or the Daily Simple SOFR Rate on the date or in the amount notified by any Borrower; 
 (c) any
assignment of a Eurocurrency Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by any Borrower pursuant to Section 11.15; or 

(d) any payment by the Borrowers of the principal of or interest on any Revolving Credit Loan (or interest due thereon) denominated in a
different currency from the currency in which the applicable Revolving Credit Loan is denominated; 
 including any loss of anticipated profits and any loss
or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrowers shall also pay any customary administrative fees
charged by such Lender in connection with the foregoing. 
 For purposes of calculating amounts payable by the Borrowers to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan made by it at the Adjusted Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the London
interbank eurocurrency market for a comparable amount and for a comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded. 

3.06 Matters Applicable to all Requests for Compensation. 

(a) A certificate of the Administrative Agent or any Lender claiming compensation under this Article III and setting forth the
additional amount or amounts to be paid to it hereunder and the calculation thereof in reasonable detail shall be conclusive in the absence of manifest error. In determining such amount, the Administrative Agent or such Lender may use any reasonable
averaging and attribution methods. 
 (b) Upon any Lender’s making a claim for compensation under
Section 3.01 or 3.04, the Borrowers may replace such Lender in accordance with Section 11.15. 

3.07 Pro Rata Treatment. Except as required under Section 3.02 or
otherwise in this Agreement, each Borrowing, each payment or prepayment of principal of any Borrowing, each payment of interest on the Loans, each payment of the Commitment Fees, each reduction of the Term Loan Commitments or Revolving Credit
Commitments and each conversion of any Borrowing to or continuation of any Borrowing as a Borrowing of any Type shall be allocated pro rata among the Lenders within the Tranche or particular Borrowing being paid or prepaid, as the case may be, in
accordance with the terms of this Agreement, in accordance with their respective applicable Commitments (or, if such Commitments shall have expired or been terminated, in accordance with the respective principal amounts of their outstanding Loans).
Each Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round each Lender’s percentage of such Borrowing to the next higher or lower whole dollar
amount. 
 3.08 Survival. All of the Borrowers’ obligations under this Article III shall survive the
resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, termination of the Term Loan Commitments, the Total Revolving Credit Commitments and repayment, satisfaction or discharge of all
other Obligations hereunder. 

  
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 ARTICLE IV. 

GUARANTY 
 4.01
The Guaranty.  
 (a) Each of the Guarantors hereby jointly and severally guarantees to the Administrative Agent, for the ratable
benefit of the Secured Parties, as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash
collateralization or otherwise) strictly in accordance with the terms thereof. The Guarantors hereby further agree that if any of the Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration,
as a mandatory cash collateralization or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any setoff, counterclaim, demand or notice whatsoever, and that in the case of any extension of time of payment or
renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms of such
extension or renewal. 
 (b) Notwithstanding any provision to the contrary contained herein or in any other of the Loan Documents, the
obligations of each Guarantor under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal to the largest amount as will result in such obligations with respect hereto and thereto not constituting a fraudulent
transfer or conveyance after giving full effect to the liability under such guarantee set forth in Article IV hereof and its related contribution rights but before taking into account any liabilities under any other guarantee by such
Guarantor. 
 4.02 Obligations Unconditional.  

(a) The obligations of the Guarantors under Section 4.01(a) are joint and several, absolute and
unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of any of the Loan Documents or any other agreement or instrument referred to therein, or any substitution, release, impairment or exchange of any other
guarantee of or security for any of the Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge or defense of a surety or
guarantor, it being the intent of this Section 4.02(a) that the obligations of the Guarantors hereunder shall be absolute and unconditional under any and all circumstances (including, without limitation, any Benchmark Replacement Conforming Changes or any other modifications or other amendments delivered or
otherwise implemented or effected (automatically or otherwise) in accordance with or in furtherance of
Section 3.03(f)). Each Guarantor agrees that such Guarantor, as applicable, shall have no
right of subrogation, indemnity, reimbursement or contribution against any Loan Party for amounts paid under this Article IV until such time as the Obligations have been paid in full. 

(b) Without limiting the generality of Section 4.02(a), it is agreed that, to the fullest
extent permitted by law, the occurrence of any one or more of the following shall not alter or impair the liability of any Guarantor hereunder which shall remain absolute and unconditional as described above: 

(i) at any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any
of the Obligations shall be extended, or such performance or compliance shall be waived; 

  
 125 

 (ii) any of the acts mentioned in any of the provisions of any of the Loan
Documents or any other agreement or instrument referred to in the Loan Documents shall be done or omitted; 
 (iii) the
maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or amended in any respect, or any right under any of the Loan Documents or any other agreement or instrument referred to in the Loan
Documents shall be waived or any other guarantee of any of the Obligations or any security therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with; 

(iv) any of the Obligations shall be determined to be void or voidable (including, without limitation, for the benefit of any
creditor of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor); or 

(v) any law or regulation of any jurisdiction or any other event affecting any term of the Obligations. 

(c) With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest and
all notices whatsoever, and any requirement that the Administrative Agent or any Lender exhaust any right, power or remedy or proceed against any Person under any of the Loan Documents or any other agreement or instrument referred to in the Loan
Documents or against any other Person under any other guarantee of, or security for, any of the Obligations. 
 4.03
Reinstatement. The obligations of the Guarantors under this Article IV shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of any Person in respect of the Obligations is
rescinded or must be otherwise restored by any holder of any of the Obligations whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor agrees that it will indemnify the Arrangers, the 2020 Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers, the
Administrative Agent, the Collateral Agent, each L/C Issuer and each Lender on demand for all reasonable costs and expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by such Persons in connection with such
rescission or restoration, including any such reasonable costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or
similar law. 
 4.04 Certain Additional Waivers. Each Guarantor agrees that such Guarantor shall have no right
of recourse to security for the Obligations except through the exercise of rights of subrogation pursuant to Section 4.02 and through the exercise of rights of contribution pursuant to
Section 4.06. 
 4.05 Remedies. The Guarantors agree that, to the
fullest extent permitted by law, as between the Guarantors on the one hand, and the Administrative Agent, for the ratable benefit of the Secured Parties on the other hand, the Obligations may be declared to be forthwith due and payable as provided
in Section 9.02 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 9.02) for purposes of
Section 4.01(a) notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against any other
Person and that, in the event of such declaration (or the Obligations being deemed to have become automatically due and payable), the Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the
Guarantors for purposes of Section 4.01(a). 

  
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 4.06 Rights of Contribution. The Guarantors hereby agree as among
themselves that, in connection with payments made hereunder, each Guarantor shall have a right of contribution from each other Guarantor with respect to the Obligations in accordance with applicable Law. Such contribution rights shall be subordinate
and subject in right of payment to the Obligations until such time as the Obligations have been Fully Satisfied, and none of the Guarantors shall exercise any such contribution rights until the Obligations have been paid in full. 

4.07 Guarantee of Payment; Continuing Guarantee. The guarantee given by the Guarantors in this Article IV
is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations, whenever arising. 

4.08 Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably
undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under this Guaranty in respect of Swap Obligations (provided, however, that
each Qualified ECP Guarantor shall only be liable under this Section 4.08 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this
Section 4.08, or otherwise under this Guaranty, as it relates to such Loan Party, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount).
The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until a Discharge of Guaranteed Obligations. Each Qualified ECP Guarantor intends that this
Section 4.08 constitute, and this Section 4.08 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each
other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 4.09 Guarantee Limitations.

 (a) Notwithstanding any other provision of this Article IV, the guarantee, indemnity and other obligations of any
Guarantor incorporated in The Netherlands expressed to be assumed in this Article IV shall be deemed not to be assumed by such Guarantor to the extent that the same would constitute unlawful financial assistance within the meaning of
Article 2:98c Dutch Civil Code or any other applicable financial assistance rules under any relevant jurisdiction (the “Prohibition”) and the provisions of this Agreement and the other Loan Documents shall be construed
accordingly. For the avoidance of doubt, it is expressly acknowledged that the relevant Guarantors will continue to guarantee all such obligations which, if included, do not constitute a violation of the Prohibition. 

(b) With respect to any Restricted Subsidiary, the guarantee, indemnity and other obligations expressed to be assumed in this Article
IV are further subject to any limitations as set out in the Subsidiary Joinder Agreement applicable to that Restricted Subsidiary 

ARTICLE V. 

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 

5.01 Conditions to Initial Credit Extension. The obligation of each Lender to honor any Request for Credit Extension on
the Closing Date is subject to the following conditions precedent: 
 (a) The Administrative Agent shall have received from each Loan Party
that is a party hereto a counterpart of this Agreement signed on behalf of such party. 
 (b) The Administrative Agent shall have received:
(i) from the Loan Parties, executed counterparts of each applicable Collateral Document and the Perfection Certificate, (ii) from the Initial Borrower, a Note executed by the Initial Borrower for each Lender that requests such a Note,
(iii) with respect to (x) each Loan Party (including Holdings) that is not a Canadian Subsidiary, UCC-1 financing statements, as applicable, in a form appropriate for filing in the state of
organization or formation, the 

  
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jurisdiction in which its chief executive office is located or the jurisdiction in which its assets are located, as the case may be, of such Loan Party and for Holdings and any Loan Party that is
a Foreign Subsidiary, the District of Columbia, (y) each Loan Party that is a Canadian Subsidiary, evidence of filing of financing statements under the Personal Property Security Act in each jurisdiction of organization or formation, the
jurisdiction in which its chief executive office or domicile is located and the jurisdiction in which its assets are located and (z) Holdings, evidence of instructions being provided to its registered agent to create and maintain a register of
charges and to enter particulars of the security created pursuant to the Collateral Documents in such register of charges and to effect registration of particulars of the Collateral at the Registry of Corporate Affairs in the British Virgin Islands
pursuant to Section 163 of the Business Companies Act, (iv) executed Intellectual Property Security Agreements and Canadian IP Security Agreements as required pursuant to the Collateral Documents, (v) delivery of certificates for
certificated Equity Interests that constitute Collateral, together with appropriate instruments of transfer endorsed in blank, and (vi) all agreements or instruments representing or evidencing the Collateral accompanied by instruments of
transfer and stock powers undated and endorsed in blank; provided that, to the extent any Collateral may not be perfected by (A) the filing of a UCC financing statement or Personal Property Security Act financing statement or
(B) taking delivery and possession of a certificate for a certificated Equity Interest that constitutes Collateral (provided that in the case of Equity Interests in Subsidiaries of the Initial Borrower, such certificates shall be
required to be delivered on the Closing Date only to the extent delivered to Holdings or the Initial Borrower on or prior to the Closing Date), if the perfection of the Collateral Agent’s security interest in such Collateral may not be
accomplished on or prior to the Closing Date, then the perfection of the security interest in such Collateral shall not constitute a condition precedent to the availability of the Facilities on the Closing Date but, instead, may be accomplished
within 90 days of the Closing Date, or such longer period as the Administrative Agent may agree. 
 (c) The Administrative Agent shall have
received a customary closing certificate from a secretary, assistant secretary or similar officer or authorized representative of each Loan Party that is a party hereto, in each case, certifying as to (i) resolutions duly adopted by the board
of directors (or equivalent governing body) of each such Loan Party authorizing the execution, delivery and performance of this Agreement (and the Loan Documents or other documents executed in connection herewith or therewith), (ii) the accuracy and
completeness of copies of the certificate or articles of incorporation, continuation, amalgamation, association or organization (or memorandum of association or other equivalent thereof) of each such Loan Party certified by the relevant authority of
the jurisdiction of organization of each such Loan Party and copies of the by-laws or operating, management, partnership, shareholders or similar agreement of each such Loan Party and that such documents or
agreements have not been amended (except as otherwise attached to such certificate and certified therein as being the only amendments thereto as of such date), (iii) incumbency (to the extent applicable) and specimen signatures of each officer,
director or authorized representative executing any Loan Document on behalf of each such Loan Party and (iv) the good standing (or subsistence or existence) of each such Loan Party from the Secretary of State (or similar official) of the state
or other jurisdiction of such Loan Party’s organization (to the extent relevant and available in the jurisdiction of organization of such Loan Party). 

(d) The Initial Borrower shall have paid or caused to have been paid to the Administrative Agent and the Collateral Agent all reasonable out-of-pocket costs and expenses of the Administrative Agent required in connection with this Agreement, including expenses associated with the arrangement, negotiation and
preparation of this Agreement, and the reasonable and documented fees, disbursements and other charges of Latham & Watkins LLP and other local counsel to the Secured Parties. 

(e) The Administrative Agent shall have received the executed legal opinions of (i) Kane Kessler P.C., counsel to the Initial Borrower
and, to the limited extent New York law is applicable, the other Loan Parties party hereto, as customary for transactions of this type, and (ii) local counsel to the Loan Parties party hereto, as customary for transactions of this type. 

  
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 (f) Each Lender shall have received, if requested at least five Business Days in advance of
the Closing Date, a Note, payable to such Lender, duly executed by the Initial Borrower. 
 (g) To the extent requested at least ten
Business Days prior to the Closing Date, the Lenders shall have received (i) all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and
regulations, including, without limitation, the Patriot Act, and (ii) a Beneficial Ownership Certification in relation to any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, in each
case, at least five Business Days prior to the Closing Date. 
 (h) The Administrative Agent shall have received a Request for Credit
Extension prior to (i) 12:00 noon, New York City time, one Business Day prior to the Closing Date in the case of Base Rate Loans and (ii) 12:00 p.m., New York City time, three Business Days prior to the Closing Date in the case of Eurocurrency
Rate Loans (in each case, or such shorter period as may be agreed to by the Administrative Agent in its sole discretion) requesting that each Lender make the Loans on the requested funding date and specifying the amount to be borrowed. 

(i) The Administrative Agent shall have received a certificate from a financial officer of Holdings substantially in the form attached hereto
as Exhibit D, to the effect that, immediately before and after giving effect to the Transactions contemplated hereby, Holdings and its Subsidiaries, taken as a whole, are Solvent. 

(j) (i) The Specified Representations shall be true and correct in all material respects as of the Closing Date (except to the extent such
representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date) (and in each case, all respects if qualified by “materiality”,
“Material Adverse Effect” or other similar qualifier) and (ii) the Specified Acquisition Agreement Representations shall be true and correct. The Administrative Agent shall have received a customary certificate from a Responsible
Officer of the Initial Borrower. 
 (k) The Administrative Agent shall have received the Audited Financial Statements of APi, the Audited
Financial Statements of Holdings, the Unaudited Financial Statements of APi, the Unaudited Financial Statements of Holdings and the Pro Forma Financial Statements. 

(l) The Arrangers shall have received all fees due and payable by Holdings on the Closing Date as separately agreed to by such parties and
Holdings shall have paid or, substantially concurrently with the initial Credit Extension, shall pay on the Closing Date any other fees separately agreed that are due and payable on the Closing Date. 

(m) The Committed Warrant Exchange and Rollover shall have occurred. The Borrower Equity Contribution shall have been made or will be made
concurrently with the Closing Date. The APi Acquisition shall have been consummated or will be consummated concurrently with the initial funding under the applicable Facilities in accordance with the APi Acquisition Agreement; provided
that no amendment, modification or waiver of any term thereof or any condition to Holding’s obligation to consummate the APi Acquisition thereunder (other than any such amendment, modification or waiver that is not materially adverse to any
interest of the Lenders) shall be made or granted, as the case may be, without the prior written consent of the Arrangers (such consent not to be unreasonably withheld) (it being understood that (x) any change in the price (including any price
decrease) of the APi Acquisition of 10% or greater will be deemed to be materially adverse to the interests of the Lenders and will require the prior written consent of the Arrangers (such consent not to be unreasonably withheld), and any such
reduction of price shall be applied to reduce the Initial Term Loan Commitment and the Initial Term Loan borrowed on the Closing Date and (y) any change to the definition of “Material Adverse Effect” (under and as defined

  
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in the APi Acquisition Agreement) shall be deemed to be materially adverse to the interests of the Lenders). The Borrower Equity Contribution and the proceeds of the Non-Founder Warrant Exchange, if any, and the Committed Warrant Exchange and Rollover shall be applied to finance the APi Acquisition, the Existing Credit Agreement Refinancing and/or the costs of the Transactions.

 (n) After giving effect to the Transactions, the Existing Credit Agreement Refinancing and other indebtedness refinancing will be
consummated. 
 (o) Since the date of the APi Acquisition Agreement, there has not been a “Material Adverse Effect” as defined in
the APi Acquisition Agreement. 
 (p) No Event of Default pursuant to Section 9.01(a) or
(f) shall exist, or would result from such proposed Credit Extension or from the application of the proceeds therefrom. 

For purposes of determining compliance with the conditions specified in this Section 5.01, each
Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender.

 Any Request for Credit Extension submitted by the Initial Borrower on the Closing Date shall be deemed to be a representation and
warranty that the condition specified in Sections 5.01(p) has been satisfied. 
 5.02 Conditions to all Credit
Extensions after the Closing Date. The obligation of each Lender to honor any Request for Credit Extension after the Closing Date (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation
of Eurocurrency Rate Loans) is subject to the following conditions precedent: 
 (a) The representations and warranties of each Loan Party
contained in Article VI or any other Loan Document shall be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to
an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; provided that any representation and warranty that is qualified as to “materiality”, “Material Adverse
Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates. 

(b) No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds therefrom. 

(c) The Administrative Agent and, if applicable, the L/C Issuer shall have received a Request for Credit Extension in accordance with the
requirements hereof. 
 (d) Solely with respect to any Credit Extension under the Revolving Credit Facility, if as of the date of such
Credit Extension and after giving effect thereto, the Total Outstandings (excluding Letters of Credit which have been Cash Collateralized in accordance with this Agreement) shall exceed 30.0% of the Total Revolving Credit Commitments, the financial
covenant set forth in Section 8.10(a) shall be satisfied, calculated at the time of such Credit Extension by looking back to the last day of the prior fiscal quarter to determine if Holdings would have
been in compliance with the financial covenant set forth in Section 8.10(a) as of such fiscal quarter end as if the financial covenant had been tested for such fiscal quarter (after giving pro
forma effect to such Credit Extension). 

  
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 Each Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Loans to the other Type, or a continuation of Eurocurrency Rate Loans) submitted by any Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 5.02(a) and
(b) have been satisfied on and as of the date of the applicable Credit Extension. 
 ARTICLE VI. 

REPRESENTATIONS AND WARRANTIES 

Each Loan Party jointly and severally represents and warrants to the Arrangers, the 2020 Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers, the Administrative Agent, the Collateral Agent, the L/C
Issuers and the Lenders (as of the date such Loan Party becomes a Loan Party and each date such Loan Party is deemed to make such representations and warranties thereafter) that: 

6.01 Existence, Qualification and Power; Compliance with Laws. Each Loan Party 

(a) is duly organized or formed, validly existing and in good standing (to the extent such concepts are applicable in such Loan Party’s
jurisdiction of organization) under the Laws of the jurisdiction of its incorporation or organization, 
 (b) has all requisite power and
authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business (except, in the case of any Loan Party other than the Borrowers, to the extent that failure to do
so could not reasonably be expected to have a Material Adverse Effect) and (ii) execute, deliver and perform its obligations under the Loan Documents and each other agreement or instrument contemplated hereby or thereby to which it is a party,

 (c) is duly qualified and is licensed and in good standing (in relation to each Loan Party where such concept is applicable) under the
Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, and 

(d) is in compliance with all Laws (including the Act); except in each case referred to in
clause (b)(i), (c) or (d), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

6.02 Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to
which such Person is or is to be a party, and the consummation of the Transactions (only to the extent such Loan Party was a Loan Party on the effective date thereof) are within such Loan Party’s corporate or other powers, have been duly
authorized by all necessary corporate or other organizational action, and do not and will not 
 (a) contravene the terms of any of such
Person’s Organization Documents; 
 (b) (I) conflict with or result in any breach or contravention of any material Contractual
Obligation to which such Person is a party or affecting such Person or the properties of such Person or any Restricted Subsidiary, or (II) conflict with or result in any breach or contravention of, or the creation of any material Lien under, or
require any material payment to be made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any Restricted Subsidiary or (ii) any order, injunction, writ or
decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or 

  
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 (c) violate any Law that would adversely affect the rights of the Lenders, the
Administrative Agent or the Collateral Agent under the Loan Documents. 
 No Loan Party or any Restricted Subsidiary is in violation of any Law or in breach
of any such Contractual Obligation, the violation or breach of which could be reasonably likely to have a Material Adverse Effect. 

6.03 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or
notice to, or filing (other than security filings and those for which such approval, consent, exemption, authorization has been obtained or such action has been taken or notice or filing made) with, any Governmental Authority or any other Person is
necessary or required, except, in each case, to the extent that failure to obtain or file the same, as applicable, could not be reasonably expected to have a Material Adverse Effect in connection with 

(i) the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan
Document, or for the consummation of the Transactions (to the extent such Loan Party was a Loan Party on the effective date thereof), 

(ii) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, 

(iii) the perfection or maintenance of the Liens created under the Collateral Documents (including the first priority nature
thereof) or 
 (iv) the exercise by the Administrative Agent, the Collateral Agent or any Lender of its rights under the Loan
Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents. 
 6.04 Binding Effect.
This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party hereto and thereto. This Agreement constitutes, and each other Loan Document when so
delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party hereto and thereto in accordance with its terms, except to the extent that enforceability thereof may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law). 

6.05 Financial Statements; No Material Adverse Effect.  

(a) The Audited Financial Statements of APi and the Unaudited Financial Statements of APi delivered to the Administrative Agent 

(i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein and except as set forth on Schedule 6.05(a); 
 (ii) fairly present, in all material respects,
the financial condition of APi and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein; and 

  
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 (iii) show all material indebtedness and other liabilities, direct or
contingent, of APi and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness, to the extent required by GAAP; subject, in the case of the Unaudited Financial Statements of APi, to
(x) the absence of footnote disclosures and other presentation items and (y) changes resulting from normal year-end adjustments. 

(b) The Audited Financial Statements of Holdings and the Unaudited Financial Statements Holdings delivered to the Administrative Agent 

(i) were prepared in accordance with IFRS consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein; 
 (ii) fairly present, in all material respects, the financial condition of Holdings as of the date
thereof and its results of operations for the period covered thereby in accordance with IFRS consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and 

(iii) show all material indebtedness and other liabilities, direct or contingent, of Holdings as of the date thereof, including
liabilities for taxes, material commitments and Indebtedness, to the extent required by IFRS; subject, in the case of the Unaudited Financial Statements of Holdings, to (x) the absence of footnote disclosures and other presentation items and
(y) changes resulting from normal year-end adjustments, which would not be material in the aggregate. 

(c) The Pro Forma Financial Statements have been prepared in good faith, based on assumptions believed by Holdings to be reasonable as of the
date of delivery thereof, and present fairly in all material respects on a pro forma basis the estimated consolidated capitalization table of Holdings as of September 30, 2019 and the estimated consolidated adjusted Consolidated EBITDA of
Holdings for the 12-month period ending June 30, 2019, assuming that the Transactions had actually occurred at such date or at the beginning of the period covered thereby. 

(d) No event, change or condition has occurred since December 31, 2018, that has had, or could reasonably be expected to have, a Material
Adverse Effect. 
 6.06 Litigation. There are no actions, suits, proceedings, investigations, claims or disputes
pending or, to the knowledge of the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any Restricted Subsidiary or
against any of their properties or revenues that (a) purport to affect or pertain to this Agreement, any other Loan Document or the consummation of the transactions contemplated by this Agreement or any other Loan Document, or (b) except
as specifically disclosed on Schedule 6.06 (the “Disclosed Litigation”), either individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect. 

6.07 No Default. Neither any Loan Party nor any Restricted Subsidiary is in default under or with respect to, or a party
to, any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions
contemplated by this Agreement or any other Loan Document. 

  
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 6.08 Properties.  

(a) Except as would not reasonably be expected to have a Material Adverse Effect, each Loan Party and each Restricted Subsidiary have good
record, valid and marketable title in fee simple to, or valid leasehold interests in (to the extent such ownership or leasing concepts are applicable to such property in the jurisdiction in which it resides), all Material Real Property necessary in
the ordinary conduct of its business, free and clear of all Liens except for Permitted Liens. The property of each Loan Party and each Restricted Subsidiary, taken as a whole, (i) is in good operating order, condition and repair (ordinary wear
and tear excepted) and (ii) constitutes all the property which is necessary for the business and operations of the Loan Parties as presently conducted except to the extent that any failure would not reasonably be expected to result in a
Material Adverse Effect. 
 (b) Section II.E to the Perfection Certificate dated the Closing Date contains, in all material respects, a true
and complete list of each interest in Material Real Property located in the United States (i) owned by Holdings as of the Closing Date and (ii) leased, subleased or otherwise occupied or utilized by Holdings, as lessee, sublessee,
franchisee or licensee, as of the Closing Date. 
 6.09 Environmental Compliance.  

(a) Each Loan Party and each Restricted Subsidiary is in compliance with Environmental Laws except to the extent that any failure to comply
would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (b) Except as otherwise set forth
on Schedule 6.09 or otherwise would not reasonably be expected to result in a Material Adverse Effect, Hazardous Materials have not been Released and are not present at, on, under, in, or about any of the properties currently or formerly
owned, leased or operated by any Loan Party or any Restricted Subsidiary in a quantity, manner or condition which could reasonably be expected to (i) require investigation, removal, or remediation by any Loan Party under Environmental Law or
otherwise give rise to Environmental Liability of any Loan Party, (ii) interfere with any Loan Party’s continued operations or (iii) impair the fair saleable value of any Collateral. 

(c) Except as otherwise set forth on Schedule 6.09, all Hazardous Materials generated, used, treated, handled or stored at, or
transported to or from, any property currently owned or operated by any Loan Party or any Restricted Subsidiary have been properly stored, handled, recycled, re-used or disposed of in a manner not reasonably
expected to cause a Material Adverse Effect. 
 (d) Except as otherwise set forth on Schedule 6.09, there is no site to which any
Loan Party or any Restricted Subsidiary has transported or arranged for the transport of Hazardous Materials that is the subject of any Environmental Liabilities or Environmental Claims which could, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. 
 (e) Except as otherwise set forth on Schedule 6.09, neither any Loan Party nor any
Restricted Subsidiary is subject to any pending or threatened Environmental Claims or Environmental Liabilities which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(f) Each Loan Party and each Restricted Subsidiary are in compliance with, and possesses all Environmental Permits required pursuant to,
Environmental Laws, except to the extent such non-compliance or failure to possess could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(g) No Loan Party or Restricted Subsidiary has entered into or agreed to any consent decree, order, or settlement or other agreement, or is
subject to any judgment, decree, or order or other agreement, in any judicial, administrative, arbitral, or other forum for dispute resolution, relating to compliance with Environmental Law or any Environmental Liability that individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 (h) No Loan Party or Restricted Subsidiary has assumed or retained, by contract or operation
of law, any Environmental Liabilities of any kind, whether fixed or contingent, known or unknown that individually or in the aggregate can reasonably be expected to have a Material Adverse Effect. 

6.10 Insurance. The properties of the Loan Parties and the Restricted Subsidiaries are insured with financially sound and
reputable insurance companies not Affiliates of any Loan Party or a Captive Insurance Subsidiary, in such amounts,
with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Loan Party or Restricted Subsidiary operates, provided
that no coverage in respect of terrorism shall be required. As of the Closing Date, such insurance is in full force and effect and all premiums have been duly paid. 

6.11 Taxes. Each Loan Party and each Restricted Subsidiary have filed all material Federal, state, foreign and other tax
returns and reports required to be filed, and have paid all material Federal, state, foreign and other taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and
payable, except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against any Loan Party or
any Restricted Subsidiary that would, if made, have a Material Adverse Effect. 
 6.12 ERISA Compliance.  

(a) Except as would not reasonably be expected to have a Material Adverse Effect, (i) each Plan is in compliance in all material respects
with the applicable provisions of ERISA, the Code and other Federal or state Laws and the Borrowers and all applicable ERISA Affiliates have performed in all material respects their obligations with respect to each Plan; and (ii) each Loan
Party and each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 or 430 of the Code (except where such would not result in material liability), and no application for a funding waiver or an extension of
any amortization period pursuant to Section 412 of the Code or Section 303 of ERISA has been made with respect to any Plan. Each Plan that is intended to be qualified under Section 401 of the Code has received a favorable
determination letter, opinion letter or advisory letter upon which the Loan Parties are entitled to rely under IRS pronouncements, that such Plan is so qualified under Section 401(a) of the Code, and to the knowledge of the Loan Parties,
nothing has occurred with respect to any such Plan since the date of its most recent determination letter, opinion letter or advisory letter which would reasonably be expected to adversely affect its qualification. 

(b) There are no pending or, to the best knowledge of the Loan Parties, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no non-exempt “prohibited transaction” within the meaning of Section 4975
of the Code or Section 406 or 407 of ERISA or violation of the fiduciary responsibility rules with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. 

(c) Except as could not reasonably be expected to have a Material Adverse Effect: 

(i) no ERISA Event has occurred or is reasonably expected to occur; 

  
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 (ii) no Loan Party nor any ERISA Affiliate has incurred, or reasonably
expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); 

(iii) no Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has
occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; 

(iv) no Loan Party nor any ERISA Affiliate has engaged in a transaction that could reasonably be expected to be subject to
Sections 4069 or 4212(c) of ERISA; and 
 (v) except to the extent required under Section 4980B of the Code or any
applicable state or local law, no Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of any Loan Parties or any of their respective ERISA Affiliates. 

(d) As of the most recent valuation date for any Pension Plan that precedes the Closing Date, the amount of unfunded benefit liabilities (as
defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefits liabilities) to the extent that any such
Pension Plan exists with respect to a Loan Party or any Restricted Subsidiary, if any, could not reasonably be expected to have a Material Adverse Effect. 

(e) As of the Closing Date, for each Multiemployer Plan for which an actuarial report has been provided to the Company and with respect to
which a complete withdrawal is reasonably expected to occur, the potential liability of the Loan Parties and their respective ERISA Affiliates for such complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of
ERISA), when aggregated with such potential liability for such complete withdrawal from all such Multiemployer Plans with respect to which a complete withdrawal is reasonably expected to occur, could not reasonably be expected to have a Material
Adverse Effect; 
 (f) With respect to each scheme or arrangement mandated by a government other than the United States and Canada (a
“Foreign Government Scheme or Arrangement”) and with respect to each employee benefit plan maintained or contributed to by any Loan Party or any Restricted Subsidiary that is not subject to United States law or Canadian law
(a “Foreign Plan”), to the extent any such Foreign Plans exist with respect to any Loan Party or any Restricted Subsidiary, except as could not reasonably be expected to have a Material Adverse Effect: 

(i) Any and all employer and employee contributions due and required by law or by the terms of any Foreign Government Scheme or
Arrangement or any Foreign Plan have been made in all material respects, or, if applicable, accrued, in accordance with normal accounting practices. 

(ii) Each Foreign Plan required to be registered has been registered and has been maintained in good standing with applicable
regulatory authorities and is in compliance in all material respects with applicable Law. 
 (iii) Neither Holdings nor any
Restricted Subsidiary has incurred any obligation in connection with the termination of, or withdrawal from, any Foreign Plan. 

  
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 (iv) There are no aggregate unfunded liabilities with respect to Foreign
Plans and the present value of the aggregate benefit liabilities of all Foreign Plans did not, as of the last annual valuation date applicable thereto, exceed the assets of all such Foreign Plans. 

6.13 Subsidiaries; Equity Interests. As of the Closing Date, no Loan Party (to the extent such Loan Party was a Loan
Party on the Closing Date) has any Subsidiaries other than those specifically disclosed in Schedule 6.13, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and non-assessable and are directly or indirectly owned by a Loan Party (except for certain immaterial director’s qualifying shares) free and clear of all Liens except those created under the Collateral Documents
and as otherwise disclosed in Schedule 6.13. All of the outstanding Equity Interests in each Loan Party and its Subsidiaries have been validly issued, are fully paid and non-assessable (to the extent
such concepts are applicable in such Loan Party’s jurisdiction of organization). 
 6.14 Margin Regulations; Investment Company
Act.  
 (a) The Borrowers are not engaged, nor will they engage, principally or as one of their important activities, in the
business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock and no proceeds of any Borrowings or drawings under any Letter of
Credit will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock. 

(b) No Loan Party, nor any Person Governing any Loan Party, nor any Restricted Subsidiary is or is required to be registered as an
“investment company” under the Investment Company Act of 1940, as amended. Neither the making of any Loan, nor the issuance of any Letters of Credit, nor the application of the proceeds or repayment thereof by any Borrower, nor the
consummation of the other transactions contemplated by the Loan Documents, will violate any provision of any such Act or any rule, regulation or order of the SEC thereunder. 

6.15 Disclosure.  

(a) Each Loan Party has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions
to which it or any Restricted Subsidiary is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. All written information heretofore furnished by any
Restricted Subsidiary to the Administrative Agent or any Lender for purposes of or in connection with this Agreement, the Transactions or any other transaction contemplated hereby is, and all such information hereafter furnished by or on behalf of
any Loan Party to the Administrative Agent or any Lender will be, true and accurate in all material respects on the date as of which such information is stated or certified. 

(b) As of the Closing Date, the information included in the Beneficial Ownership Certification, if applicable, is true and correct in all
material respects. 
 6.16 Compliance with Laws. Except as otherwise provided in the representations above, Holdings
and each Restricted Subsidiary is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such
requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. 

  
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 6.17 Intellectual Property; Licenses, Etc. Each Loan Party and each
Restricted Subsidiary own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents and all other intellectual property rights that are used or held for use in the operation of the businesses of the Loan
Parties and Restricted Subsidiaries, except to the extent that individually, or, in the aggregate, it could not reasonably be expected to have a Material Adverse Effect. To the best knowledge of each Loan Party, neither (a) the operation of the
businesses of the Loan Parties and the Restricted Subsidiaries, nor (b) any slogan or other advertising device, product, process, method, substance, part or other material now employed by any Loan Party or any Restricted Subsidiary, infringes
upon, misappropriates, or otherwise violates any rights held by any other Person except where such infringement could not reasonably be expected to have a Material Adverse Effect. Except as disclosed on Schedule 6.17, no claim or litigation
regarding any of the foregoing is pending or, to the best knowledge of each Loan Party, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

6.18 Solvency. Immediately after the consummation of the Transactions to occur on the Closing Date and immediately
following the making of each Loan and after giving effect to the application of proceeds of each Loan, Holdings and its Subsidiaries, on a consolidated basis, are Solvent. 

6.19 Casualty, Etc. Neither the business nor the properties of any Loan Party or any Restricted Subsidiary are affected
by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that could be reasonably likely to have a
Material Adverse Effect. 
 6.20 Perfection, Etc. Except as permitted under the Collateral Documents, all filings and
other actions necessary to perfect and protect the security interest in the Collateral created under the Collateral Documents have been duly made or taken (or will be promptly duly made or taken in accordance with the terms of the relevant
Collateral Documents) and are in full force and effect, and the Collateral Documents create in favor of the Collateral Agent for the benefit of the Secured Parties a valid and, together with such filings and other actions, perfected first priority
security interest in the Collateral (subject to Liens permitted under the Loan Documents), securing the payment of the Obligations, and all filings and other actions necessary to perfect and protect such security interest have been or will be duly
taken. The Loan Parties are the legal and beneficial owners of the Collateral free and clear of any Lien, except for the liens and security interests created or permitted under the Loan Documents. 

Notwithstanding anything set forth herein (including this Section 6.20) or in any other Loan
Document to the contrary, neither the Borrowers nor any other Loan Party makes any representation or warranty as to the pledge or creation of any security interest, or the effects of perfection or
non-perfection, the priority or enforceability of any pledge or security interest to the extent not required on the Closing Date pursuant to the proviso to
Section 5.01(b) until required pursuant to Section 5.01(b), 7.12 or 7.14. 

6.21 Swap Obligations. Neither Holdings nor any Restricted Subsidiary has incurred any outstanding obligations under any
Swap Contracts, other than Permitted Swap Obligations. 
 6.22 Labor Matters. As of the Closing Date, there are no
strikes, lockouts or slowdowns against Holdings or any Restricted Subsidiary pending or, to the knowledge of Holdings, threatened, except as would not reasonably be expected to result in a Material Adverse Effect. Except as provided on Schedule
6.22, the hours worked by and payments made to employees of Holdings and the Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such
matters, except for such violations that could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. All payments due from Holdings or any Restricted Subsidiary, or for which any claim may be made
against Holdings or any Restricted Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been 

  
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paid or accrued as a liability on the books of Holdings or any Restricted Subsidiary, except for such failures that could not reasonably be expected, individually or in the aggregate, to result
in a Material Adverse Effect. Except as would not reasonably be expected to result in a Material Adverse Effect, the consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union
under any collective bargaining agreement to which Holdings or any Restricted Subsidiary is bound. 
 6.23 OFAC, Anti-Terrorism and
Anti-Money Laundering Law and Anti-Corruption Laws. 
 (a) Neither Holdings nor its Subsidiaries, nor their respective directors,
officers, employees, or, to the knowledge of the Borrowers and their Subsidiaries, their agents, is (i) a Sanctioned Person; (ii) operating, organized or ordinarily resident in a Sanctioned Country; or (iii) engaged, directly or
knowingly indirectly, in dealings or transactions involving Sanctioned Persons or Sanctioned Countries, in each of clauses (i), (ii), and (iii), such that would cause the Borrower or any of its Subsidiaries to be in violation of
Sanctions except to the extent that any such violation would not reasonably be expected to cause a Material Adverse Effect. The Borrowers and their Subsidiaries will not use the proceeds of the Loans, or lend, contribute or otherwise make available
such proceeds to any subsidiary, joint venture partner, or other Person to fund activities or business of or with any Sanctioned Person or Sanctioned Country in violation of Sanctions, or in violation of Anti-Terrorism and Anti-Money Laundering
Laws. 
 (b) Holdings, the Borrowers, their Subsidiaries and their respective directors, officers and employees and, to the knowledge of the
Borrowers and their Subsidiaries, their agents, are and for the past five years have been in compliance with Sanctions, Anti-Corruption Laws and Anti-Terrorism and Anti-Money Laundering Laws, except to the extent that failure to comply would not
reasonably be expected to result in a Material Adverse Effect. 
 (c) No part of the proceeds of the loans will be used by Holdings or any
of its Subsidiaries and to the knowledge of Holding or its Subsidiaries, their respective directors, officers, employees or agents, in violation of Anti-Corruption Laws. 

(d) Holdings and its Subsidiaries have instituted and will continue to maintain policies and procedures reasonably designed to promote
compliance by Holdings, its Subsidiaries, and their respective directors, officers, employees and agents with Anti-Corruption Laws to the extent required in each relevant jurisdiction, except to the extent such failure would not reasonably be
expected to result in a Material Adverse Effect. 
 6.24 Senior Indebtedness. The Obligations under the Facilities
constitute “senior debt”, “senior indebtedness”, “guarantor senior debt”, “senior secured financing” and “designated senior indebtedness” (or any comparable term) under the documentation for all
Indebtedness that is subordinated in right of payment to the Obligations (if applicable). 
 6.25 Canadian Defined Benefit
Plans. Except as could not reasonably be expected to have a Material Adverse Effect: 
 (a) all Canadian Pension Plans are duly
registered under the Income Tax Act (Canada) and applicable pension standards legislation, and no event has occurred which could reasonably be expected to cause the loss of such registered status; 

(b) as of the date of this Agreement, no Canadian Pension Plan is a Canadian Defined Benefit Pension Plan; 

  
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 (c) the Canadian Pension Plans have each been administered, funded and invested in all
material respects in accordance with their terms and all applicable laws including, where applicable, the Income Tax Act (Canada) and pension standards legislation; 

(d) all employee and employer contributions (including “normal cost”, “special payments” and any other payments in respect
of any funding deficiencies or shortfalls) required to be remitted to or in respect of each Canadian Pension Plan have been remitted on a timely basis in accordance with the terms of such plans, any applicable collective bargaining agreement, and
all applicable laws; 
 (e) all material obligations of each of the primary obligors (including fiduciary, funding, investment and
administration obligations) required to be performed in connection with the Canadian Pension Plans and the funding agreements therefor have been performed on a timely basis; 

(f) no event has occurred which could reasonably be expected to give rise to a partial or full termination of any Canadian Defined Benefit
Pension Plan; and 
 (g) each Canadian Defined Benefit Pension Plan is fully funded on a solvency basis, going concern basis in accordance
with applicable Law (using actuarial methods and assumptions which are consistent with the actuarial valuations last filed with the applicable governmental authorities for such Canadian Defined Benefit Pension Plan). 

6.26 Centre of Main Interests and Establishments. For the purposes of Regulation (EU) 2015/848 of 20 May 2015 on
insolvency proceedings (recast) (the “Regulation”), each European Loan Party’s centre of main interest (as that term is used in Article 3(1) of the Regulation) is situated in its jurisdiction of organization and it has no
“establishment” (as that term is used in Article 2(10) of the Regulation) in any other jurisdiction. 
 6.27 UK Pensions. Except as could not reasonably be expected to have a Material Adverse Effect, (a) no UK Loan Party, nor any of its Subsidiaries or
Affiliates is, nor has it at any time been, an employer (for the purposes of sections 38 to 51 of the UK Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the UK PensionsPension Schemes Act 1993);
and (b) no UK Loan Party, nor any of its Subsidiaries
or Affiliates is, nor has it at any time
in the immediately preceding six years been, “connected” with or an “associate” of (as those
terms are used in sections 38 and 43 of the UK Pensions Act 2004) such an employer. 
 ARTICLE VII. 

AFFIRMATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder, other than contingent indemnification
obligations for which no claim has been asserted, which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, each Loan Party shall, and shall (except in the case of the covenants set forth in
Sections 7.01, 7.02 and 7.03) cause each Restricted Subsidiary to: 
 7.01 Financial
Statements. Deliver to the Administrative Agent, who will deliver the same to each Lender, in form and detail reasonably satisfactory to the Administrative Agent: 

(a) within 90 days after the end of each fiscal year of Holdings, a consolidated balance sheet of Holdings and its Subsidiaries as at the end
of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in
reasonable detail and prepared in accordance with GAAP and, to the extent there are any Unrestricted Subsidiaries at such time, the Restricted Group Reconciliation Statement, audited and accompanied by 

  
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 (i) a report and opinion of an independent certified public accountant of
nationally recognized standing reasonably acceptable to the Administrative Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like
qualification or exception (other than any such exception or explanatory paragraph that is expressly solely with respect to, or expressly resulting solely from, an upcoming maturity date under the Facilities that is scheduled to occur within one
year from the time such report and opinion are delivered) or any qualification or exception as to the scope of such audit that would be material to Holdings and its Subsidiaries, taken as a whole, 

(ii) to the extent filed with the SEC, a copy of the attestation report filed with the SEC of such independent certified public
accountant of nationally recognized standing as to Holdings’ internal controls pursuant to Section 404 of Sarbanes-Oxley and 

(iii) customary management discussion and analysis; 

(b) within 60 days after the end of each of the first three fiscal quarters of each fiscal year of Holdings, a consolidated balance sheet of
Holdings and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of Holdings’ fiscal year
then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a
Responsible Officer of Holdings as fairly presenting the consolidated financial condition, results of operations, shareholders’ equity and cash flows of Holdings and its Subsidiaries in accordance with GAAP and, to the extent there are any
Unrestricted Subsidiaries at such time, the Restricted Group Reconciliation Statement, subject only to normal year-end audit adjustments and the absence of footnotes; and 

(c) no later than 90 days after the end of each fiscal year of Holdings, a detailed consolidated budget for such fiscal year (including a
projected consolidated balance sheet and related statements of projected operations and cash flows as of the end of and for such following fiscal year and setting forth the assumptions used for purposes of preparing such budget) in form that is
either (i) consistent with past practice of Holdings or (ii) reasonably satisfactory to the Administrative Agent and, promptly when available, any material revisions to such budget. 

7.02 Certificates; Other Information. Deliver to the Administrative Agent, in form and detail satisfactory to the
Administrative Agent: 
 (a) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of Holdings, which shall, among other things, 

(i) specify whether a Triggering Event has occurred during the preceding fiscal quarter, 

(ii) in the case of a certificate delivered with the financial statements required by
Section 7.01(a) above, (i) beginning with the fiscal year ending December 31, 2019, set forth Holdings’ calculation of in reasonable detail the Available Amount as at the end of the
fiscal year to which such financial statements relates and (ii) beginning with the fiscal year ending December 31, 2020, set forth Holdings’ calculation of Excess Cash Flow, 

  
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 (iii) a list of each Subsidiary of a Borrower that identifies such
Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary as of the date of delivery of such Compliance Certificate or a confirmation that there is no change in such information since the later of the Closing Date and the date of the last
such list; 
 (b) promptly upon receipt thereof, copies of all notices, requests and other documents received by Holdings or any Restricted
Subsidiary under or pursuant to any indenture, loan or credit or similar agreement, in each case, that is material, regarding or related to any breach or default by any party thereto or any other event that could have a Material Adverse Effect and
copies of any amendment, modification or waiver of any provision of any instrument, indenture, loan or credit or similar agreement and, from time to time upon request by the Administrative Agent, such information and reports regarding such
instruments, indentures and loan and credit and similar agreements as the Administrative Agent may reasonably request; 
 (c) promptly after
the assertion or occurrence thereof, written notice of any Environmental Claim against, of any Environmental Liability incurred by, or of any non-compliance by, Holdings or any Restricted Subsidiary with any
Environmental Law or Environmental Permit that could reasonably be expected to have a Material Adverse Effect; 
 (d) promptly, such
additional information regarding the business, financial or corporate affairs of Holdings or any Restricted Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably
request, including with respect to applicable “know-your-customer” and anti-money laundering rules and regulations (including the Act); 

(e) simultaneously with the delivery of each set of consolidated financial statements referred to in Sections 7.01(a) and
7.01(b) above, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements if material; and 

(f) promptly upon written request of the Administrative Agent, acting reasonably, a copy of the most recent actuarial valuation report filed
with the applicable governmental authorities in respect of each Canadian Defined Benefit Pension has been made available to the Administrative Agent. 

The Borrowers hereby acknowledge that (a) the Administrative Agent will make available to the Lenders and the L/C Issuers materials
and/or information provided by or on behalf of any Borrower hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the
Borrowers or their Subsidiaries or their respective securities) (each, a “Public Lender”). The Borrowers hereby agree that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and
conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrowers shall be deemed to
have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrowers or their Subsidiaries or their
respective securities for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in
Section 11.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor;” and (z) the
Administrative Agent shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor.” Notwithstanding the foregoing,
the following Borrower Materials shall be deemed to be marked “PUBLIC”, unless the Borrowers notify the Administrative Agent promptly that any such document contains material non-public information:
(1) the Loan Documents, (2) notification of changes in the terms of the Facilities and (3) all information delivered pursuant to Sections 7.01(a) and (b) and
Section 7.02(a). 

  
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 Each document required to be delivered pursuant to
Section 7.01(a) or (b) shall be deemed to have been delivered on the date on which Holdings posts such document on the SEC’s website at www.sec.gov or on the Holdings website
(each of the foregoing, an “Informational Website”). Holdings shall notify the Administrative Agent immediately upon posting to such Informational Website. 

7.03 Notices. Promptly notify the Administrative Agent and each Lender: 

(a) and in any event within 10 Business Days after any Responsible Officer of Holdings obtains knowledge of the occurrence of any Default; 

(b) and in any event within 10 Business Days after any Responsible Officer of Holdings obtains knowledge of any matter that has resulted or
could reasonably be expected to result in a Material Adverse Effect; 
 (c) of the occurrence of or the reasonably expected occurrence of
any ERISA Event that could reasonably be expected to result in liability to any Loan Party in excess of the Threshold Amount and provide a written notice specifying the nature thereof, what action the Loan Party or its ERISA Affiliates has taken, is
taking or proposes to take with respect thereof and, when known, any action taken or threatened by the IRS, the U.S. Department of Labor or the PBGC with respect thereto and with reasonable promptness, copies of the following to the extent requested
by the Administrative Agent: (i) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by Loan Parties or any of their respective ERISA Affiliates with the IRS with respect to each Pension Plan; and
(ii) copies of such other documents or governmental reports or filings relating to any Plan as the Administrative Agent shall reasonably request; 

(d) of all notices received by the Loan Parties and any of their respective ERISA Affiliates from a Multiemployer Plan concerning an ERISA
Event that could reasonably be anticipated to have a Material Adverse Effect and provide copies of such notices; and 
 (e) the filing or
commencement of, or any written threat or written notice of intention of any Person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any arbitrator or Governmental Authority, against Holdings or any
Restricted Subsidiary that could reasonably be expected to result in a Material Adverse Effect. 
 Each notice pursuant to this
Section 7.03 shall be accompanied by a statement of a Responsible Officer of Holdings setting forth details of the occurrence referred to therein and stating what action the Borrowers have taken and
proposes to take with respect thereto. Each notice pursuant to Section 7.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been
breached. 
 7.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all its
obligations and liabilities, including all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and
adequate reserves in accordance with GAAP are being maintained by Holdings or any Restricted Subsidiary unless such liabilities, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  
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 7.05 Preservation of Existence, Etc.  

(a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its
organization except in a disposition, merger, consolidation, dissolution or other transaction permitted by Section 8.03 or 8.04; 

(b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary in the normal conduct of its
business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and 
 (c) preserve
or renew all of its registered or applied for patents, patent applications, copyrights, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material
Adverse Effect. 
 7.06 Maintenance of Properties. Maintain, preserve and protect all of its material properties and
equipment useful and necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted, unless such failure to maintain, preserve and protect such properties and equipment could not reasonably be
expected to have a Material Adverse Effect. 
 7.07 Maintenance of Insurance.  

(a) Maintain with financially sound and reputable insurance companies not Affiliates of any Loan Party, insurance with respect to its
properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other
Persons, provided that insurance coverage in respect of terrorism shall not be required. Notwithstanding the foregoing, Holdings and the Restricted Subsidiaries may self-insure
with Captive Insurance Subsidiaries or other means, in each case to the extent deemed commercially reasonable in the
good faith judgment of the management of Holdings. 
 (b) With respect to each Mortgaged Property located in the United States, obtain flood
insurance in such total amount reasonably satisfactory to the Administrative Agent and as otherwise sufficient to comply in all material respects with all applicable rules and regulations promulgated pursuant to the Flood Laws, if at any time the
area in which any improvements located on any Mortgaged Property is designated a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), and otherwise comply with
the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as amended from time to time. 
 7.08
Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such
requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

 7.09 Books and Records. Maintain proper books of record and account, in which full, true and correct entries, in all
material respects, in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of Holdings or any Restricted Subsidiary, as the case may be. 

7.10 Inspection Rights. Permit representatives and independent contractors of the Administrative Agent and, upon the
occurrence and during the continuance of an Event of Default, each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its
affairs, finances and accounts with its officers, employees and independent public accountants, all at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to Holdings. 

  
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 7.11 Use of Proceeds. Use the proceeds of the Initial Term Loans
incurred on the Closing Date solely to 
 (a) finance the APi Acquisition pursuant to the APi Acquisition Agreement, 

(b) refinance in full the Existing Credit Agreement, and 

(c) pay fees and expenses related to the Transactions. 

The Borrowers will use the proceeds of the Revolving Credit Loans made (i) on the Closing Date, to finance the APi Acquisition pursuant
to the APi Acquisition Agreement and to pay fees and expenses related to the Transactions (with any remaining amounts borrowed to be used for general corporate purposes) in an aggregate amount not to exceed $50,000,000 (excluding undrawn Existing
Letters of Credit) and (ii) thereafter, for general corporate purposes. The Borrowers shall be entitled to request the issuance of Letters of Credit to support payment obligations incurred in the ordinary course of business by the Borrowers or
the Restricted Subsidiaries. 
 The Borrower will use the proceeds of the 2020 Incremental Term Loans solely (i) to initially replenish
balance sheet cash, including, but not limited to, any such cash used in connection with the SK FireSafety Group Acquisition and (ii) pay fees and expenses related to the 2020 Incremental Amendment and the transactions thereunder and the SK
FireSafety Group Acquisition. 

The Borrower will use the
proceeds of the 2021 Incremental Term Loans solely (i) to finance the Chubb Group Acquisition pursuant to the Chubb
Acquisition Agreement, (ii) to refinance existing third party indebtedness for borrowed money of the business acquired
pursuant to the Chubb Acquisition Agreement other than any indebtedness permitted to be assumed under the Chubb Acquisition
Agreement and (iii) to pay fees and expenses related to the 2021 Incremental Amendment and the transactions thereunder
and the Chubb Group Acquisition. 
 7.12 Additional Guarantees and Collateral; Guarantor Coverage Ratio.  

(a) Upon the formation or acquisition of any new direct or indirect US Subsidiary, Canadian Subsidiary or, subject to the Agreed Security
Principles, any Required Foreign Subsidiary (other than an Excluded Subsidiary); provided that (i) any Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Restricted Subsidiary and (ii) any Excluded
Subsidiary ceasing to be an Excluded Subsidiary but remaining a Restricted Subsidiary shall be deemed to constitute the acquisition of a Restricted Subsidiary for all purposes of this Section 7.12) by
any Loan Party or upon a Restricted Subsidiary becoming a Guarantor pursuant to Section 7.12(d) or Section 7.12(e), the Borrowers shall, in each case, at
the Borrowers’ sole expense: 
 (i) within 90 days after such formation or acquisition of such Restricted Subsidiary (or
such longer period as may be agreed to by the Administrative Agent in its sole discretion) or, for any guarantee required under Section 7.12(d), upon such guarantee, cause each such Subsidiary, and
cause each direct and indirect parent of such Subsidiary (if it has not already done so), to duly execute and deliver to the Administrative Agent 

  
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 (A) a Subsidiary Joinder Agreement or such other joinder agreement, in each
case, in form and substance satisfactory to the Administrative Agent, guaranteeing the Borrowers’ obligations under the Loan Documents, 

(B) a joinder to the Pledge and Security Agreement (or, in respect of a Canadian Subsidiary, a joinder to the Canadian Pledge
and Security Agreement or a Hypothec) in form and substance satisfactory to the Administrative Agent (or in respect of any Foreign Subsidiary enter into or join any applicable Collateral Document as may be reasonably requested by the Administrative
Agent to grant and perfect Liens on its properties and assets to secure its obligations under the Credit Agreement and other Loan Documents in accordance with and subject to the limitations set forth in the Agreed Security Principles), 

(C) (x) in the case of a US Subsidiary, Uniform Commercial Code financing statements, (y) in the case of a Canadian
Subsidiary, the Personal Property Security Act financing statements and Civil Code of Quebec RH forms and (z) in the case of any Foreign Subsidiary, subject to the Agreed Security Principles, any local equivalent (if any)) in the
jurisdiction of incorporation or formation of each such Subsidiary or other applicable location in order to, with respect to such Subsidiary, perfect and protect the first priority liens and security interests created under the Collateral Documents,
certificates, if any, representing the Pledged Collateral of such Subsidiary and such parent referred to in the Pledge and Security Agreement (or, in respect of (x) a Canadian Subsidiary, the Canadian Pledge and Security Agreement and
(y) any Foreign Subsidiary, any relevant Collateral Agreement) accompanied by undated stock powers, endorsements and/or transfer powers, as applicable, executed in blank and evidence that all other actions that the Administrative Agent may deem
reasonably necessary in order to perfect and protect the liens and security interests created under the relevant Collateral Document have been taken, subject to the terms thereof, 

(D) the results of a recent Lien and judgment search in each relevant jurisdiction (to the extent applicable and customary in
such jurisdiction) with respect to such Subsidiary and such parent, which such search shall reveal no Liens on any of the assets of such Subsidiary except for Liens expressly permitted by Section 8.01
or other Liens reasonably acceptable to the Collateral Agent and except for Liens to be discharged on or prior to such Subsidiary’s and such parent’s execution of the documents referred to in this clause (i), pursuant to
documentation reasonably satisfactory to the Collateral Agent, 
 (E) such certificates of resolutions or all necessary
corporate or other organizational action, incumbency certificates and/or other certificates of Responsible Officers of such Subsidiary (and any approvals or consents of work councils or other similar bodies) as the Administrative Agent may
reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Subsidiary is a party or
is to be a party and 
 (F) such documents and certifications as the Administrative Agent may reasonably require to evidence
that such Subsidiary is duly organized or formed, and that such Subsidiary is validly existing and in good standing in its state of incorporation or formation (or such other security documents in form and substance satisfactory to the Administrative
Agent); 

  
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 (ii) within 90 days after such formation or acquisition of such Restricted
Subsidiary (or such longer period as may be agreed to by the Administrative Agent in its sole discretion) or, for any guarantee required under Section 7.12(d), upon such guarantee, deliver to the
Administrative Agent, upon the request of the Administrative Agent in its sole discretion, a signed copy of a favorable opinion of counsel to the Loan Parties (or, as and if customary in the relevant jurisdiction, counsel for the Administrative
Agent) with respect to such Subsidiary, addressed to the Administrative Agent and the other Secured Parties, of counsel for the Loan Parties reasonably acceptable to the Administrative Agent, and 

(iii) at any time and from time to time, promptly execute and deliver any further instruments and documents and take all such
other action as the Collateral Agent may deem reasonably necessary in obtaining the full benefits of, or in perfecting and preserving the Liens of, the Collateral Documents. 

(b) Within 90 days (or such longer period as may be agreed to by the Administrative Agent in its sole discretion) of (x) the Closing Date
with respect to Material Real Property in the United States or Canada held by any Loan Party as of the Closing Date or (y) the acquisition of either Material Real Property in the United States or Canada or a Restricted Subsidiary which holds
Material Real Property in the United States or Canada and is contemplated to become a Loan Party hereunder, promptly grant to the Collateral Agent a security interest in and Mortgage on each Material Real Property owned in fee (or such other similar
ownership interest as recognized by local law) by such Loan Party, as additional security for the Obligations, in each case, unless, with respect to Material Real Property in the United States, the Administrative Agent determines in its reasonable
discretion that, with respect to any such property that is located in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards within the meaning of the National Flood Insurance Act
of 1968, the costs of creating or perfecting such security interests are excessive in relation to the benefits accruing to the Lenders. Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the
Administrative Agent and the Collateral Agent and shall constitute valid and enforceable perfected Liens subject only to Permitted Liens, Liens pursuant to Section 8.01(g) or other Liens reasonably
acceptable to the Collateral Agent. Such Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the
Collateral Agent required to be granted pursuant to the Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full. With respect to each Mortgage, except as may be agreed to by Collateral Agent, in its
reasonable discretion, the applicable Subsidiary shall deliver: 
 (i) a mortgagee’s policy of title insurance, if
available, (or marked up unconditional signed title insurance commitment or pro forma for such insurance having the effect of a policy of title insurance) insuring the Lien of such Mortgage as a valid first mortgage Lien on the Mortgaged Property
and fixtures described therein in the amount equal to 110% of the fair market value of such Mortgaged Property and fixtures (but not to exceed 100% of the fair market value of such Mortgaged Property in jurisdictions that impose mortgage or
intangibles recording tax), which fair market value is delivered to the Collateral Agent in writing by a Responsible Officer of the applicable Loan Party, which policy (or marked up unconditional signed title insurance commitment or pro forma for
such insurance having the effect of a policy of title insurance) (each, a “Title Policy”) shall 

(A) be issued by the Title Company, 

  
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 (B) to the extent necessary and available, include such reinsurance
arrangements (with provisions for direct access, if necessary) as shall be reasonably acceptable to the Collateral Agent, 

(C) name the Collateral Agent and each of the other Secured Parties as insureds thereunder, 

(D) be in the form of ALTA Loan Policy—1970 (Amended 10/17/70 and 10/17/84) (or equivalent policies) where available, 

(E) contain a “tie-in” or “cluster” endorsement, if available under
applicable law (i.e., policies which insure against losses regardless of location or allocated value of the insured property up to a stated maximum coverage amount), 

(F) have been supplemented by such endorsements and affirmative coverage as shall be reasonably requested by the Collateral
Agent (including, but not limited to, endorsements on matters relating to usury, first loss, last dollar, zoning (unless the cost of obtaining such zoning endorsement is prohibitive or Collateral Agent receives a zoning letter reasonably acceptable
to Collateral Agent), contiguity, revolving credit/future advance, doing business, non-imputation, public road access, survey, variable rate, environmental lien, subdivision, mortgage recording tax, separate
tax lot and so-called comprehensive coverage over covenants and restrictions), and 

(G) contain no exceptions to title other than Permitted Liens, and other exceptions reasonably acceptable to the Collateral
Agent; 
 (ii) Surveys with respect to each Mortgaged Property, other than as agreed by the Administrative Agent or the Title
Company; and 
 (iii) Upon the request of the Administrative Agent in its sole discretion, an opinion of counsel for the Loan
Parties in each state or other jurisdiction in which a Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as Collateral Agent may reasonably request, in
each case in form and substance reasonably satisfactory to Collateral Agent, it being understood that the requirements of this Section 7.12(b)(iii) shall not apply to amendments to this Agreement. 

Notwithstanding anything set forth in this Agreement or any Loan Document to the contrary, the Loan Parties shall not be required to (i) execute and
deliver to the Collateral Agent Mortgages with respect to any fee owned real property in the United States or Canada other than a Material Real Property, or (ii) pledge or grant security interests in any of their property or assets if, in the
reasonable judgment of Collateral Agent, the costs of creating or perfecting such pledges or security interests in such property or assets are excessive in relation to the benefits to the Secured Parties. The Borrower shall use commercially
reasonable efforts at least seven Business Days prior to the occurrence of a MIRE Event to provide to Administrative Agent and each Revolving Credit Lender (x) a completed Flood Certificate from a third party vender in respect of each
then-existing Mortgaged Property in the United States and (y) an updated list of owned-real property in the United States after giving effect to such MIRE Event (or a confirmation that the most-recently provided list of owned-real property
remains accurate). At least fifteen Business Days prior to the recording of a Mortgage, notice will be provided to the Revolving Credit Lenders identifying the real property to be subject to such Mortgage. 

  
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 (c) With respect to any Collateral acquired after the Closing Date or, in the case of
inventory or equipment, any material Collateral moved after the Closing Date by any Loan Party (other than any Collateral described in Section 7.12(a) or
Section 7.12(b)) as to which the Collateral Agent, for the benefit of the Secured Parties, does not have a first priority perfected security interest, promptly (and, in any event, within ten Business
Days following the date of such acquisition (or such longer period as may be agreed to by the Administrative Agent in its sole discretion)) 

(i) execute and deliver to the Administrative Agent and the Collateral Agent such amendments to the Collateral Documents as the
Collateral Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a security interest in such Collateral and 

(ii) take all actions necessary or advisable to grant to, or continue on behalf of, the Collateral Agent, for the benefit of
the Secured Parties, a perfected first priority security interest in such Collateral (including, without limitation, the filing of UCC financing statements and financing statements under the Personal Property Security Act, the registration of
particulars of the Collateral pursuant to Section 163 of the Business Companies Act and other filings, registrations or actions as may be required by the Collateral Documents, by law or as may be requested by the Administrative Agent or the
Collateral Agent). 
 (d) The Borrower shall cause, no later than the date 90 days (or such longer period as the Administrative Agent may
agree to in its sole discretion) after the date of delivery of Holdings’ financial statements pursuant to Section 7.01(b) for
the each of the first and third fiscal quarters of each fiscal year (or if earlier, the date such financial statements were required to be delivered),
commencing with the fiscal quarter ending March 31, 2021, the Consolidated EBITDA of the Loan Parties (calculated on an unconsolidated basis and excluding all intercompany items and investments in any Subsidiaries that are not Loan Parties) to
be (x) at least
85% of the Consolidated EBITDA of Holdings and its Restricted Subsidiaries (disregarding Excluded Subsidiaries) and
(y) at least 75% of the Consolidated EBITDA of Holdings and its Restricted Subsidiaries,
calculated, in each case, by reference to the financial statements for such fiscal quarter; provided that no Excluded Subsidiary shall be permitted to become a Guarantor. 

(e) The Borrowers may, at their option, cause any Restricted Subsidiary (other than an Excluded Subsidiary) to become a Guarantor in
accordance with this Section 7.12 whether or not such Restricted Subsidiary is otherwise required to become a Guarantor in accordance with this
Section 7.12. 
 7.13 Compliance with Environmental Laws. 

(a) Comply, and cause all lessees and other Persons operating or occupying its properties to comply, in all material respects, with all
applicable Environmental Laws and Environmental Permits; 
 (b) obtain and renew all Environmental Permits necessary for its operations and
properties; 
 (c) take any and all actions necessary to (i) cure any violation of applicable Environmental Laws and (ii) cure and
have dismissed with prejudice any Environmental Claim against Holdings or any Restricted Subsidiary and discharge any obligations it may have to any Person thereunder; and 

(d) if required by Environmental Law, conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or
other action necessary to remove and clean up all Hazardous Materials from any of its current or former properties, in accordance with the requirements of all Environmental Laws; 

  
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 except in each case of clauses (a), (b), (c) and/or
(d) above, where such non-compliance, failure to obtain Environmental Permits, Environmental Claims or requirements of Environmental Law does not or could not be reasonably expected to have
a Material Adverse Effect; provided, however, that no Loan Party nor any Restricted Subsidiary shall be required to undertake any such compliance, to obtain any such Environmental Permits, to cure any such Environmental
Claims or to perform any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate financial reserves are being maintained with respect to
such circumstances. 
 7.14 Further Assurances. 

(a) Promptly upon request by the Administrative Agent or the Collateral Agent, (i) correct any material defect or error that may be
discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (ii) 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 as the Administrative Agent or Collateral Agent
may reasonably require from time to time in order to implement the provisions of the Loan Documents. 
 (b) Each Loan Party shall (and
Holdings shall procure that each member of the Restricted Group shall) take all such action as is available to it (including making all filings and registrations) as may be necessary for the purpose of creation, perfection, protection or maintenance
of any Lien conferred or intended to be conferred on the Collateral Agent or the Secured Parties by or pursuant to the Loan Documents. 

7.15 Collateral and Guarantee Limitations. 

(a) Notwithstanding anything to the contrary set forth in Article IV, Sections 7.12 and 7.14 or any
Loan Document, the requirements of such Sections shall not apply to any assets or new Subsidiary created or acquired after the Closing Date, as applicable, if, in the judgment of the Administrative Agent, the costs of creating or perfecting such
pledges or security interests in such assets (including any mortgage, stamp or other similar tax) are (taking into account the present and future direct and indirect cost and/or burden to the Restricted Group) excessive in relation to the benefits
accruing to the Lenders. 
 (b) Notwithstanding anything to the contrary set forth in Sections 7.12 and 7.14 or
any Loan Document, no Loan Party shall be deemed or be obligated to grant a security interest in any asset to support the Obligations if such grant of a security interest in such asset would be prohibited by enforceable anti-assignment provisions of
any Contractual Obligation permitted pursuant to Section 8.08 (after giving effect to relevant provisions of the Uniform Commercial Code or other applicable law). 

(c) Upon the formation or acquisition of any new direct or indirect Restricted Subsidiary as provided in
Section 7.12 that is organized or incorporated in or under the laws of any jurisdiction other than a jurisdiction in or under the laws of which at least one of the then-existing Loan Parties is
organized or incorporated on the date such Restricted Subsidiary becomes a Loan Party, the Administrative Agent may, with the consent of Holdings, amend the Agreed Security Principles and the other Loan Documents (including this Agreement) to
include such Subsidiary as a Loan Party, which amendment must be mutually agreed to by the Administrative Agent and Holdings but without the consent of any Lender (provided that no such amendment shall materially adversely affect the rights of any
Lender that has not consented to such amendment). 
 (d) Notwithstanding anything to the contrary set forth in Sections
7.12 and 7.14 or any Loan Document, no Loan Party shall be deemed to be required under any Loan Document to pledge or otherwise provide as collateral or security the Equity Interests of an Unrestricted Subsidiary,
a Non-Wholly Owned Subsidiary, an Immaterial Subsidiary or any Subsidiaries set forth on Schedule 1.01(e) to secure the Obligations of a Loan Party. 

  
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 (e) Sections 7.12 and 7.14 or any Loan Document need not be
satisfied with respect to any Excluded Assets. In addition, the Collateral and Guarantee requirement and the provisions of the Loan Documents shall not require any account control agreements, lockbox arrangements or the taking of any other actions
to perfect by control any security interest in any deposit accounts, securities accounts or commodities accounts. 
 (f) Notwithstanding
anything to the contrary set forth in Article IV, Sections 7.12 and 7.14, the requirements of such Sections with respect to any Foreign Subsidiary shall be subject to the Agreed Security Principles. 

Notwithstanding anything to the contrary set forth in this Agreement or any other Loan Document, (i) the Administrative Agent may grant
extensions of time for or waivers of (A) the requirements of creating or perfecting security interests in or the obtaining of title insurance, legal opinions, appraisals, flood insurance and surveys with respect to particular assets (including
extensions beyond the Closing Date for the perfection of security interests in the assets of the Loan Parties on such date) where it reasonably determines, in consultation with Holdings, that perfection or obtaining of such items cannot be
accomplished without undue effort or expense by the time or times at which it would otherwise be required by this Agreement or the other Loan Documents or (B) the requirements of joining a Foreign Subsidiary to this Agreement pursuant to
Section 7.12 and/or creating or perfecting security interests in the assets of any Required Foreign Subsidiary to permit the expiration of any required holding period with regard to any such Required
Foreign Subsidiary so as to avoid any material adverse tax consequences to the Loan Parties that may result from the joining of and creating or perfecting security interests in the assets of such Foreign Subsidiary prior to the expiration of such
required holding period, as determined by Holdings and the Administrative Agent, it being understood that Holdings shall make commercially reasonable efforts to mitigate any such holding period, (ii) Liens required to be granted from time to
time pursuant to this Agreement and the Collateral Documents shall be subject to exceptions and limitations set forth in the Collateral Documents and (iii) the Administrative Agent and Holdings may make such modifications to the Mortgages, and
execute and/or consent to such easements, covenants, rights of way or similar instruments (and Administrative Agent may agree to subordinate the lien of any Mortgage to any such easement, covenant, right of way or similar instrument of record or may
agree to recognize any tenant pursuant to an agreement in a form and substance reasonably acceptable to the Administrative Agent), as are reasonable or necessary and otherwise permitted by this Agreement and the other Loan Documents. 

7.16 Credit Rating. The Borrowers at all times shall use commercially reasonable efforts to cause to be maintained
(a) a corporate rating for Holding from S&P, (b) a corporate family rating for Holdings from Moody’s and (c) a rating for each of the Facilities from each of S&P and Moody’s. 

7.17 Post-Closing Matters. Holdings shall, and shall cause each Restricted Subsidiary to, take all necessary actions to
satisfy the requirements set forth on Schedule 7.17 within such periods as specified on such schedule or such longer period as agreed by the Administrative Agent in its sole discretion. 

7.18 OFAC and Anti-Corruption Laws. The Borrowers agree that so long as any amount payable by any Borrower hereunder
remains unpaid or the Commitments have not been terminated, Holdings will, and will cause each Restricted Subsidiary to, unless the Required Lenders shall otherwise consent in writing: 

(a) use the proceeds of the Loans in accordance with Section 7.11, but in no event for any
purpose that would be contrary to Section 6.23; and 

  
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 (b) furnish to the Lenders such other information respecting the condition, operations or
business, financial or otherwise, of the Borrowers or any of Subsidiary as any Lender, through the Administrative Agent, may from time to time reasonably request (including any information that any Lender reasonably requests in order to comply with
its obligations under any “know-your-customer” or anti-money laundering laws or regulations, including the Patriot Act and the Beneficial Ownership Regulation). 

7.19 Lender Calls. Holdings shall conduct, if requested by the Administrative Agent by written notice, which may be given
in the form of an email, quarterly conference calls that the Lenders may attend to discuss the financial condition and results of operations of Holdings and the Restricted Subsidiaries for the most recently ended measurement period for which
financial statements have been delivered pursuant to Section 7.01, at a date and time to be reasonably determined by Holdings in consultation with the Administrative Agent, provided,
however, that so long as Holdings has publicly listed debt or equity securities and regularly holds customary earnings calls, the foregoing lender call requirements shall not apply. 

ARTICLE VIII. 

NEGATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder, other than contingent indemnification
obligations for which no claim has been asserted, which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, no Loan Party shall, nor shall it permit any Restricted Subsidiary to, directly or
indirectly: 
 8.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, or sign or file or suffer to exist under the Uniform Commercial Code of any jurisdiction a financing statement that names the Loan Party or any Restricted Subsidiary as debtor, or sign or suffer to
exist any security agreement authorizing any secured party thereunder to file such financing statement, or assign any accounts or other right to receive income, other than the following: 

(a) Liens pursuant to 

(i) any Loan Document and 

(ii) any document governing any Credit Agreement Refinancing Indebtedness (other than Permitted Unsecured Refinancing Debt);
provided that in the case of this clause (ii), 
 (A) such Liens do not extend to any assets that
are not Collateral and 
 (B) the applicable parties to such Credit Agreement Refinancing Indebtedness (or a representative
thereof on behalf of such holders) shall have entered into with the Administrative Agent and/or the Collateral Agent a Customary Intercreditor Agreement, which agreement shall provide either that the Liens on the Collateral securing such Credit
Agreement Refinancing Indebtedness shall have either (x) the same priority ranking as the Liens on the Collateral securing the Obligations (but without regard to control of remedies) or (y) shall rank junior to the Liens on the Collateral
securing the Obligations; without any further consent of the Lenders, the Administrative Agent and the Collateral Agent shall be 

  
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authorized to negotiate, execute and deliver on behalf of the Secured Parties any Customary Intercreditor Agreement or any amendment (or amendment and restatement) to the Collateral Documents or
a Customary Intercreditor Agreement to the extent necessary to effect the provisions contemplated by this Section 8.01(a)(ii); 

(b) Permitted Liens; 
 (c) Liens
existing on the Closing Date and listed on Schedule 8.01(c) and any replacements, modifications, renewals or extensions thereof, provided that the property covered thereby is not increased in any material respect and the
amount not increased or the direct or any contingent obligor changed and any replacement, modification, renewal or extension of the obligations secured or benefited thereby is permitted by
Section 8.02(c); 
 (d) Liens securing Factoring Agreements and Receivables Facilities
incurred pursuant to Section 8.02 hereof in an aggregate amount up to the greater of (x) $100,000,000 and (y) 27% of Consolidated EBITDA as of the last day of the last Test Period for which financial
statements have been delivered pursuant to Section 7.01 at any time outstanding; 
 (e) Liens
securing Indebtedness permitted by Section 8.02(m); 
 (f) Liens securing Indebtedness or any
other obligations in an aggregate amount up to the greater of (i) $75,000,000 and (ii) 20% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to
Section 7.01 at any time outstanding; 
 (g) (A) Liens securing Indebtedness that is
permitted by Section 8.02(g); provided that 
 (i) such security
interests are incurred, and the Indebtedness secured thereby is created, within 120 days after such acquisition (or construction), 

(ii) the Indebtedness secured thereby, at the time of incurrence thereof, does not exceed the lesser of the cost or the fair
market value of such real property, improvements or equipment at the time of such acquisition (or construction) and 
 (iii)
such security interests do not apply to any other property or assets of Holdings or any Restricted Subsidiary (other than the proceeds of the property or assets subject to such security interests) and 

(B) any Lien securing the renewal, extension, refinancing or refunding of any such Indebtedness without a change in the assets
subject to such Lien and to the extent that such renewal, refinancing or refunding is permitted by Section 8.02(g) and 

(C) Liens arising out of Permitted Sale Leaseback Transactions permitted under
Section 8.13, so long as such Liens attach only to the property sold and being leased in such transaction and any accessions and additions thereto or proceeds and products thereof and related property;

  
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 (h) Liens granted to secure Indebtedness permitted to be secured by
Section 8.02 (the “Second Lien Indebtedness”) which Liens are junior to the Liens securing the Obligations; provided that 

(i) on the date such Second Lien Indebtedness is incurred, the Senior Secured Net Leverage Ratio on a consolidated basis for
Holdings and the Restricted Subsidiaries’ most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such Second Lien Indebtedness is incurred shall not exceed
3.50 to 1.00, determined on a Pro Forma Basis (including a pro forma application of the net proceeds therefrom (but assuming (A) the Indebtedness being incurred as of such date of determination would be included in the definition of
Consolidated Indebtedness, whether or not such Indebtedness would otherwise be included, (B) any commitments in respect thereof are fully drawn and (C) the proceeds held as cash or Cash Equivalents thereof or of other Indebtedness incurred
substantially concurrently therewith are not netted for the purposes of calculating the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio and the Total Net Leverage Ratio), as if the Second Lien Indebtedness had been incurred at
the beginning of such four quarter period and 
 (ii) the agent, trustee or similar person party to such Second Lien
Indebtedness shall enter into a Customary Intercreditor Agreement in form and substance reasonably satisfactory to the Administrative Agent; 

(i) Liens securing Indebtedness permitted by Section 8.02(p) to the extent permitted to be
secured, so long as the agent, trustee or similar Person party to such Indebtedness shall enter into a Customary Intercreditor Agreement in form and substance reasonably satisfactory to the Administrative Agent; 

(j) Liens existing on assets acquired by Holdings or any of its Subsidiaries pursuant to any Permitted Acquisition; provided
that 
 (i) such Liens secure Indebtedness permitted pursuant to Section 8.02,

 (ii) such Liens attach at all times only to the same assets to which such Liens attached (and after-acquired property that is affixed or incorporated into the property covered by such Lien), and secure only the same Indebtedness or obligations that such Liens secured immediately prior to such Permitted
Acquisition (or any Permitted Refinancing Indebtedness in respect thereof) and 
 (iii) such Liens were not created in
connection with, or in contemplation of, such Permitted Acquisition; 
 (k) Liens under any escrow arrangement holding the proceeds of any
Indebtedness incurred in accordance with Section 8.02 to finance a Permitted Acquisition or other transaction; provided, that such Liens shall terminate and otherwise be discharged upon
the consummation of the applicable Permitted Acquisition or other transaction; 
 (l) Liens arising from UCC financing statements filings
regarding operating leases or consignment of goods entered into by Holdings and the Restricted Subsidiaries in the ordinary course of business; 

(m) in the case of any Non-Wholly Owned Subsidiary or joint venture, any put and call arrangements or
restrictions on disposition related to its Equity Interests set forth in its organizational documents or any related joint venture or similar agreement; 

(n) Liens securing Permitted Swap Obligations in an aggregate amount up to $18,750,000; 

(o) Liens on cash in an aggregate amount up to $25,000,000 pledged in lieu of issuance of a Letter of Credit in favor of an insurance company;

  
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 (p) Liens on cash and Cash Equivalents securing letters of credit permitted pursuant to
Section 8.02(q); and 
 (q) any Lien over bank accounts arising under clause 24 or 25 of the
applicable general terms and conditions (algemene bankvoorwaarden) of the relevant account bank or under other terms and conditions of such bank. 

For purposes of determining compliance with this Section 8.01, 

(A) a Lien securing an item of Indebtedness need not be permitted solely by reference to one category of permitted Liens (or
any portion thereof) described in Sections 8.01(a) through (n) but may be permitted in part under any combination thereof and 

(B) in the event that a Lien securing an item of Indebtedness (or any portion thereof) meets the criteria of one or more of the
categories of permitted Liens (or any portion thereof) described in Sections 8.01(a) through (l), the Borrowers may, in their sole discretion, classify or reclassify, or later
divide, classify or reclassify (as if incurred at such later time), such Lien securing such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 8.01 and will be
entitled to only include the amount and type of such Lien or such item of Indebtedness secured by such Lien (or any portion thereof) in one of the above clauses and such Lien securing such item of Indebtedness (or portion thereof) will be treated as
being incurred or existing pursuant to only such clause or clauses (or any portion thereof) without giving pro forma effect to such item (or portion thereof) when calculating the amount of Liens or Indebtedness that may be incurred pursuant to any
other clause. 
 8.02 Indebtedness. Directly or indirectly, create, incur, assume or suffer to exist any Indebtedness,
in the case of Holdings, issue any shares of Disqualified Stock or, in the case of any Restricted Subsidiary, issue any shares of Disqualified Stock or preferred stock, except: 

(a) Indebtedness under this Agreement and the other Loan Documents and Credit Agreement Refinancing Indebtedness incurred to refinance (in
whole or in part) such Indebtedness; 
 (b) [reserved]; 

(c) Indebtedness (including, without limitation, credit lines) outstanding on the Closing Date and listed on Schedule 8.02 and
any Permitted Refinancing Indebtedness incurred to refinance such Indebtedness; 
 (d) Indebtedness consisting of Guarantees of Holdings or
any Restricted Subsidiary with respect to: 
 (i) Indebtedness of Holdings or any Restricted Subsidiary to the extent that
such Indebtedness is permitted to be incurred pursuant to this Section 8.02 (other than this Section 8.02(d)); provided that in the case of
any Guarantee given by a Loan Party that is not organized in the United States or Canada, if the Indebtedness so guaranteed is in a principal amount in excess of the Threshold Amount at the time such Guarantee is given, the holders of such
Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties to a Customary European Intercreditor Agreement if reasonably requested by the Administrative Agent; 

  
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 (ii) Indebtedness of any Person that is not a Restricted Subsidiary,
provided that the aggregate principal amount of such Indebtedness shall not at any time exceed $40,000,000 (without giving effect to any write-offs or write-downs of such Indebtedness); and 

(iii) Indebtedness not to exceed $20,000,000 in the aggregate consisting of Guarantees in favor of customers of Holdings, the
Restricted Subsidiaries or joint ventures to which Holdings, the Borrower or a Restricted Subsidiary is a party; 
 (e) intercompany loans

 (i) between the Loan Parties, 

(ii) from an Immaterial Subsidiary to a Loan Party so long as the payee with respect to such intercompany loans is Solvent both
before and after giving effect thereto, 
 (iii) from any Loan Party to an Immaterial Subsidiary, to the extent such loans
are permitted under clause (b) of the definition of “Permitted Investments”, 
 (iv) between
Restricted Subsidiaries that are not Loan Parties, 
 (v) from a Restricted Subsidiary that is not a Loan Party to a Loan
Party, to the extent such loans are permitted under clause (b) of the definition of “Permitted Investments” and 

(vi) from a Loan Party to a Restricted Subsidiary that is not a Loan Party, to the extent such loans are permitted under
clause (b) of the definition of “Permitted Investments”, 
 in each case, which shall be subject to a Customary
European Intercreditor Agreement if reasonably requested by the Administrative Agent, 
 (f) Indebtedness consisting of Permitted Swap
Obligations; 
 (g) (i) capital lease obligations, mortgage financings, industrial revenue bonds or purchase money obligations, in each
case, incurred for the purpose of financing all or any part of the purchase price or cost of design, development, construction or improvement of property, plant or equipment used in the business of Holdings or any Restricted Subsidiary, in an
aggregate principal amount, including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this Section 8.02(g), not to exceed the
greater of (x) $25,000,000 and (y) 7.0% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to Section 7.01 at any
time outstanding and 
 (ii) any Indebtedness incurred by Holdings or a Restricted Subsidiary arising from any Permitted Sale
Leaseback Transaction that is permitted under Section 8.13 and Permitted Refinancing Indebtedness in respect thereof in an amount not to exceed $25,000,000 at any time outstanding; 

(h) Acquired Indebtedness (and any Permitted Refinancing Indebtedness in respect thereof) in an aggregate principal amount not to exceed the
greater of (x) $75,000,000 and (y) 20% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to Section 7.01 at any time
outstanding; 

  
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 (i) Indebtedness arising from the honoring by a bank or other financial institution of a
check, draft or similar instrument drawn against insufficient funds in the ordinary course of business, provided, however, that such Indebtedness is extinguished within five Business Days of its incurrence; 

(j) Indebtedness consisting of the financing of insurance premiums in the ordinary course of business in an amount not to exceed $15,000,000
at any time outstanding; 
 (k) Indebtedness of Foreign Subsidiaries in an aggregate principal amount not to exceed the greater of
(x) $75,000,000 and (y) 20% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to Section 7.01 at any time outstanding;

 (l) the incurrence of additional Indebtedness (including Acquired Indebtedness) by 

(A) any Holdings or any Restricted
Subsidiary or 
 (B) Persons that are acquired by or merged or amalgamated with or into Holdings or any Restricted Subsidiary
in accordance with the terms of this Agreement and in each case, incurred to finance a Permitted Acquisition or any other acquisition of any Acquired Entity by any Borrower or any Wholly-Owned Restricted Subsidiary; 

provided, in each case, that, at the time such additional Indebtedness is incurred, the Total Net Leverage Ratio on a consolidated basis for
Holdings’ and the Restricted Subsidiaries’ most recently ended four fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred shall not exceed
3.75 to 1.00, in each case, determined on a Pro Forma Basis (including a pro forma application of the net proceeds thereof and assuming (a) the Indebtedness being incurred as of such date of determination would be included in the definition of
Consolidated Indebtedness, whether or not such Indebtedness would otherwise be included, (b) any commitments in respect thereof are fully drawn and (c) the proceeds held as cash or Cash Equivalents thereof or of other Indebtedness incurred
substantially concurrently therewith are not netted for the purposes of calculating the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio and the Total Net Leverage Ratio), as if the additional Indebtedness had been incurred at
the beginning of such four-quarter period; 
 provided that, solely with respect to the incurrence of additional Indebtedness in the form of
customary term loans or high-yield notes (other than Acquired Indebtedness), such additional Indebtedness 
 (1) will have a
maturity date that is no earlier than the date that is six months after the
laterlatest of Initial Term
Loan Maturity Date and, the
2020 Incremental Term Loan Maturity Date and the 2021 Incremental Term Loan Maturity Date; 

(2) does not provide for any required, scheduled or mandatory prepayment on account of principal (including amortization or
otherwise, but excluding a customary offer to redeem or repay with asset sale proceeds or following a Change of Control) prior to the laterlatest of Initial Term Loan Maturity Date
and, the 2020 Incremental Term Loan Maturity Date and the 2021 Incremental Term Loan Maturity Date; 

(3) has terms (other than with respect to pricing, premiums, optional prepayment or redemption terms and maturity), when taken
as a whole, that are not more favorable to the holders thereof than those applicable to the holders of Term Loans; 

  
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 (4) to the extent such additional Indebtedness consists of term loans
secured on a pari passu basis with the Obligations, such additional Indebtedness shall be subject to the MFN Adjustment as if such additional Indebtedness were a New Term Loan Facility; and 

(5) (A) if secured, such Indebtedness is not secured by any property or assets other than the Collateral and the holders of
such Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties to a Customary Intercreditor Agreement and (B) in the case of any Indebtedness in an original principal amount in excess of
the Threshold Amount, if guaranteed by a Loan Party that is not organized in the United States or Canada, the holders of such Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties to a
Customary European Intercreditor Agreement if reasonably requested by the Administrative Agent; 
 (m) Indebtedness in an amount not to
exceed $18,750,000 outstanding at any one time for the repurchase, redemption, acquisition or retirement of Equity Interests of Holdings held in a Plan or otherwise held by employees or independent contractors; 

(n) Indebtedness (in addition to the allowances in the other subsections of this Section 8.02)
in an aggregate principal amount at any time outstanding not to exceed the greater of (x) $75,000,000 and (y) 20% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant
to Section 7.01 at any time outstanding; provided that Holdings and the Restricted Subsidiaries shall not be permitted to incur additional Indebtedness under this
Section 8.02(n) during the existence of an Event of Default or if an Event of Default would occur after giving effect to the incurrence of such Indebtedness; 

(o) unsecured Indebtedness
or Disqualified Stock issued or incurred by Holdings or any Restricted Subsidiary; provided that 

(i) such Indebtedness include a maturity date that is no earlier than the date that is 365 days after the Latest Maturity Date,

 (ii) such Indebtedness does not provide for any required, scheduled or mandatory prepayment on account of principal
(including amortization or otherwise, but excluding a customary offer to redeem or repay with asset sale proceeds or following a Change of Control) prior to the date that is 365 days after the Latest Maturity Date, 

(iii) after giving effect to such incurrence and the application of proceeds therefrom, no Default or Event of Default shall
have occurred and be continuing or would result therefrom, 
 (iv) at the time such unsecured Indebtedness is incurred or
issued, as applicable, the Fixed Charge Coverage Ratio is greater than or equal to 2.00 to 1.00 on a Pro Forma Basis (assuming (a) the Indebtedness being incurred as of such date of determination would be included in the definition of
Consolidated Indebtedness, whether or not such Indebtedness would otherwise be included, (b) any commitments in respect thereof are fully drawn and (c) the proceeds held as cash or Cash Equivalents thereof or of other Indebtedness incurred
substantially concurrently therewith are not netted for the purposes of calculating the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio and the Total Net Leverage Ratio), 

(v) the terms and provisions of the documentation governing such Indebtedness are not more restrictive, when taken as a whole,
on Holdings and the Restricted Subsidiaries than the terms and provisions of this Agreement; and 

  
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 (vi) in the case of any Indebtedness in an original principal amount in
excess of the Threshold Amount, if guaranteed by a Loan Party that is not organized in the United States or Canada, the holders of such Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties
to a Customary European Intercreditor Agreement; 
 (p) (i) additional Indebtedness (including Acquired Indebtedness) of Holdings or any Restricted Subsidiary (and any Permitted Refinancing Indebtedness in respect thereof); provided
that 
 (A) immediately prior to and after giving effect thereto, no Default or Event of Default shall exist or result
therefrom, 
 (B) such additional Indebtedness 

(1) will not mature prior to the date that is six months after the
laterlatest of Initial Term
Loan Maturity Date and, the
2020 Incremental Term Loan Maturity Date and the 2021 Incremental Term Loan Maturity Date, 

(2) has no scheduled amortization or payments of principal prior to the laterlatest of Initial Term Loan
Maturity Date and, the 2020
Incremental Term Loan Maturity Date and the 2021 Incremental Term Loan Maturity Date and 

(3) has terms (other than with respect to pricing, premiums, optional prepayment or redemption terms and maturity), when taken
as a whole, that are not more favorable to the holders thereof than those applicable to the holders of Term Loans, 
 (C) to
the extent such additional Indebtedness consists of term loans secured on a pari passu basis with the Obligations, such additional Indebtedness shall be subject to the MFN Adjustment as if such additional Indebtedness were a New Term Loan Facility
and 
 (D) after giving effect to the incurrence or issuance of such additional Indebtedness on the date thereof, either 

(x) the principal amount of such Indebtedness shall not exceed the sum of 

(1) the greater of (I) $375,000,000 and (II) 100% of Consolidated EBITDA as of the last day of the last Test Period for which
financial statements have been delivered pursuant to Section 7.01 at any time outstanding less the amount of Incremental Facilities and/or Incremental Loans incurred pursuant to
Section 2.14(a)(x) and 
 (2) an unlimited amount if, after giving effect to
the incurrence of such Indebtedness, 
 (X) if such Indebtedness is secured on a pari passu basis with the Obligations, the
First Lien Net Leverage Ratio is less than or equal to 3.25 to 1.00 on a Pro Forma Basis, 

  
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 (Y) if such Indebtedness is secured on a junior basis to the Obligations,
the Senior Secured Net Leverage Ratio is less than or equal to 3.50 to 1.00 on a Pro Forma Basis and 
 (Z) if such
Indebtedness is unsecured, either (x) the Fixed Charge Coverage Ratio is greater than or equal to 2.00 to 1.00 on a Pro Forma Basis or (y) the Total Net Leverage Ratio is less than or equal to 3.75 to 1.00 on a Pro Forma Basis 

(in each case, assuming (a) the Indebtedness being incurred as of such date of determination would be included in the definition of
Consolidated Indebtedness, whether or not such Indebtedness would otherwise be included, (b) any commitments in respect thereof are fully drawn and (c) the proceeds held as cash or Cash Equivalents thereof or of other Indebtedness incurred
substantially concurrently therewith are not netted for the purposes of calculating the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio and the Total Net Leverage Ratio) or 

(y) all of the Net Cash Proceeds (or such lesser amount that would permit the remaining Indebtedness to be permitted
hereunder) of any such Indebtedness are used on the date of incurrence to permanently prepay and refinance Term Loans on a dollar-for-dollar basis; 

(E) if secured, such Indebtedness is not secured by any property or assets other than the Collateral and the holders of such
Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties to a Customary Intercreditor Agreement; and 

(F) in the case of any Indebtedness in an original principal amount in excess of the Threshold Amount, if incurred by a Loan
Party that is not organized in the United States or Canada, the holders of such Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties to a Customary European Intercreditor Agreement; or 

(ii) Guarantee Obligations of any Subsidiary Guarantor in respect of such Indebtedness of the Borrowers under this clause
(p); provided, in the case of any Indebtedness in an original principal amount in excess of the Threshold Amount, if guaranteed by a Loan Party that is not organized in the United States or Canada, the holders of such
Indebtedness (or their representative) and the Administrative Agent and/or Collateral Agent shall become parties to a Customary European Intercreditor Agreement; 

(q) Indebtedness arising under any performance or surety bond or obligations in respect of letters of credit related thereto, in each case
entered into in the ordinary course of business, which for the avoidance of doubt includes for purposes of this section, but is not limited to, bonding provided with respect to contracts and projects, including to support contracts and projects of
permitted joint ventures of Holdings and its Restricted Subsidiaries, and where Holdings or any Restricted Subsidiary is co-bonding a project where a Restricted Subsidiary or permitted joint venture is a
subcontractor on the contract or project; 

  
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 (r) Indebtedness arising under Factoring Agreements and/or in respect of any Receivables
Facilities in an aggregate outstanding principal amount not to exceed the greater of (x) $100,000,000 and (y) 27% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to
Section 7.01 at any time outstanding; 
 (s) Indebtedness of Holdings or any Restricted
Subsidiary 
 (i) pursuant to tenders, statutory obligations, bids, leases, governmental contracts, trade contracts, surety,
stay, customs, appeal, performance and/or return of money bonds or other similar obligations incurred in the ordinary course of business and 

(ii) in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments to support any of
the foregoing items; 
 (t) Contingent liabilities in respect of any indemnification obligation, adjustment of purchase price, earn-out, non-compete, or similar obligation of the Borrowers or the applicable Loan Party incurred in connection with the consummation of one or more Permitted Acquisitions
or Dispositions permitted hereunder or any acquisition or disposition consummated prior to the Closing Date; and 

(u) any liability of a Loan Party incorporated in The Netherlands arising under (i) a declaration of joint and several liability
(hoofdelijke aansprakelijkheid) as referred to in Article 2:403 of the Dutch Civil Code and any residual liability (overblijvende aansprakelijkheid) under such declaration arising pursuant to Article 2:404 (2) of the Dutch Civil Code
and (ii) any joint and several liability (hoofdelijke aansprakelijkheid) by operation of law under an applicable fiscal unity (fiscale eenheid) for Dutch VAT or Dutch corporate income tax purposes consisting solely of Loan
Parties.; 

(v)
Indebtedness,
 whether or not secured, in respect of customary cash management, operating account arrangements and bank services, including those involving pooled accounts and arrangements entered into in the ordinary course of business; and 

(w) Indebtedness under Designated Pari Passu Facilities, in an amount not to exceed the amount of Indebtedness the Borrower would be permitted
to incur pursuant to Section 2.14(a)(x) or clause (i)(D)(x)(1) of Section 8.02(p) at the time of designation (or update thereto) and which shall reduce the amount of Indebtedness permitted pursuant to such
clauses on a dollar for dollar basis for so long as such Designated Pari Passu Facility Cap remains in effect for such Designated Pari Passu Facility. 

Further, for purposes of determining compliance with this Section 8.02, 

(A) Indebtedness need not be permitted solely by reference to one category of permitted Indebtedness (or any portion thereof)
described in this Section 8.02 but may be permitted in part under any combination thereof and 

(B) in the event that an item of Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of
permitted Indebtedness (or any portion thereof) described in this Section 8.02, the Borrowers may, in their sole discretion, classify or reclassify, or later divide, classify or reclassify (as if
incurred at such later time), such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 8.02 and will be entitled to only include the amount and type of such item
of Indebtedness (or any portion thereof) in one of the above clauses (or any portion thereof) and such item of Indebtedness (or any portion thereof) shall be treated as having been incurred or existing pursuant to only such clause or clauses (or any
portion thereof) without giving pro forma effect to such item (or portion thereof) when calculating the amount of Indebtedness that may be incurred pursuant to any other clause; provided, that all Indebtedness outstanding on the
Closing Date under this Agreement shall at all times be deemed to have been incurred pursuant to clause (a) of this Section 8.02. 

  
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 For the purposes of Sections 8.02(d)(i), (l)(5),
(o)(vi) and (p)(ii), the determination whether any Indebtedness or Guarantee is subject to the requirement that such Indebtedness or Guarantee be subject to a Customary European Intercreditor Agreement on the basis that
such Indebtedness is in an original principal amount in excess of the Threshold Amount or such Guarantee is of Indebtedness in an original principal amount in excess of the Threshold Amount shall be made based on the total original principal amount
of the relevant tranche or series of Indebtedness whether or not such Indebtedness is classified, divided or reclassified among separate categories of permitted Indebtedness described in this
Section 8.02. 
 Notwithstanding the foregoing, any single tranche or series of Indebtedness
in the form of term loans or bonds in an original principal amount in excess of the greater of (x) $100,000,000 or (y) 25% of Consolidated EBITDA (determined based on the total original principal amount of the relevant tranche or series of
Indebtedness whether or not such Indebtedness is classified, divided or reclassified among separate categories of permitted Indebtedness described in this Section 8.02) shall be incurred by Holdings,
the Borrower or another Loan Party that is a US Subsidiary or Canadian Subsidiary. 
 Accrual of interest or dividends, the accretion of
accreted value, the accretion or amortization of original issue discount, the payment of interest in the form of additional Indebtedness and the payment of dividends in the form of additional Disqualified Stock or preferred stock, as applicable,
will in each case not be deemed to be an incurrence of Indebtedness or Disqualified Stock or preferred stock for purposes of this Section 8.02. 

For the avoidance of doubt, for the purposes of this Section 8.02, the term
“Indebtedness” shall be deemed to include, in the case of Holdings, the issuance of any shares of Disqualified Stock or, in the case of any Restricted Subsidiaries, the issuance of any shares of Disqualified Stock or preferred stock, in
each case, to the extent that any of the foregoing would appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP. 

Notwithstanding any other provision of this Section 8.02, the maximum amount of Indebtedness
that Holdings or any Restricted Subsidiary may incur pursuant to this Section 8.02 shall not be deemed to be exceeded solely as a result of fluctuations in exchange rates or currency values. 

8.03 Fundamental Changes. Merge into or consolidate with any other Person, or permit any other Person to merge into or
consolidate with it, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of the assets of Holdings or any Restricted Subsidiary on a consolidated basis, taken as a whole, to any other Person, except
that, so long as no Default exists or would result therefrom: 
 (a) Holdings or any Restricted Subsidiary may merge with or acquire another
Person engaged in a similar or adjacent line of business as that Holdings and the Restricted Subsidiaries have conducted during the current and most recently concluded calendar year, through a stock, asset or any other similar transaction (or any
business reasonably ancillary or complementary thereto, or which is a reasonable extension, development or expansion thereof), if 

(i) Holdings or such Restricted Subsidiary is the surviving entity, 

(ii) such acquisition is friendly and is done with the recommendation of the acquiree’s board of directors or similar
governing body and 
 (iii) such acquisition constitutes a Permitted Acquisition; 

  
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 (b) any Restricted Subsidiary may merge with a Loan Party or a Wholly-Owned Restricted
Subsidiary if (i) such Loan Party or such Wholly-Owned Restricted Subsidiary, as the case may be, is the surviving entity of such merger (provided that, if such merger involves (x) a Subsidiary Guarantor, the surviving entity
of such merger shall be a Subsidiary Guarantor and (y) any Borrower, the surviving entity of such merger shall be the Borrower) and (ii) immediately after giving effect to such merger, no Default shall have occurred or be continuing; 

(c) Holdings or any of its Subsidiaries may enter a Permitted Intercompany Transaction; 

(d) any Restricted Subsidiary may merge or consolidate with any other Person in order to effect an Investment permitted pursuant to
Section 8.05 (other than Investments permitted pursuant to clause (f) of the definition of “Permitted Investments”); provided that the continuing or
surviving Person shall be a Restricted Subsidiary (and, if such merger or consolidation involves a Borrower, the continuing or surviving Person shall be such Borrower) and shall have complied with the applicable provisions of Sections
7.12 and 7.14 and the Collateral Documents; 
 (e) any Immaterial Subsidiary may be liquidated or dissolved; and 

(f) Holdings may (x) merge or consolidate with an entity organized under the laws of the State of Delaware, (y) reorganize in the
State of Delaware or (z) “continue” as a Delaware corporation pursuant to Section 388 of the General Corporation Law of the State of Delaware (clauses (x), (y) and (z) collectively, the “J2
Domestication Merger”), in each case for the purpose of changing the jurisdiction of organization of Holdings; provided that, in the event of the J2 Domestication Merger, (i) Holdings shall be the continuing or
surviving Person or (ii) if the Person formed by or surviving the J2 Domestication Merger is not Holdings (any such Person, the “Successor Company”), (A) the Successor Company shall be an entity organized or existing
under the laws of the State of Delaware and (B) the Successor Company shall expressly assume all the obligations of Holdings under this Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto or
thereto reasonably satisfactory to the Administrative Agent and the Collateral Agent; provided, further that, in the event of the J2 Domestication Merger, at the request of the Administrative Agent, Holdings or the
Successor Company, as applicable, shall enter into such documentation as the Administrative Agent reasonably determines is necessary or desirable to grant and perfect the Collateral Agent’s Lien on the Equity Interests of the Initial Borrower
in accordance with the requirements of Section 7.12 (as if Holdings or such Successor Company were a newly formed or acquired US Subsidiary) and
Section 7.14 hereof. 
 8.04 Dispositions. Make any Disposition, except:

 (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business; 

(b) Dispositions of inventory in the ordinary course of business; 

(c) Dispositions (i) by Holdings or any Restricted Subsidiary to any Loan Party and (ii) by any Restricted Subsidiary that is not a
Loan Party to another Restricted Subsidiary that is not a Loan Party; 
 (d) other Dispositions 

  
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 (i) for fair market value and for consideration at least 75% of which is
cash or Cash Equivalents; provided that such Cash Equivalents shall mature within 180 days after the date of such Disposition, 

(ii) the proceeds of which shall be reinvested into the business of Holdings and the Restricted Subsidiaries, including through
a Permitted Investment or Permitted Acquisition, within the Reinvestment Period or applied in accordance with Section 2.05 if and to the extent required thereby and 

(iii) so long as the Loan Parties are in Pro Forma Compliance; 

(e) the dissolution of any Restricted Subsidiary that (i) is not a Loan Party and (ii) is not material to the business of Holdings
and the Restricted Subsidiaries, taken as a whole; 
 (f) Dispositions set forth on Schedule 8.04; 

(g) other Dispositions in an aggregate amount not to exceed $15,000,000 during any fiscal year; 

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

(i) Mergers and consolidations permitted by Section 8.03; 

(j) the lease or sublease of Real Property not constituting Indebtedness and not constituting a sale and leaseback transaction; 

(k) assignments, licenses, sublicenses, leases and subleases of intellectual property in the ordinary course of business, which do not
interfere in any material respect with the business of Holdings and the Restricted Subsidiaries; 
 (l) Dispositions in connection with
Factoring Agreements and/or Receivables Facilities permitted by Section 8.02; 
 (m)
Dispositions of cash and cash equivalents in the ordinary course of business; 
 (n) the granting of Liens permitted pursuant to
Section 8.01; 
 (o) terminations or unwinds of derivative transactions; and 

(p) Dispositions constituting Restricted Payments permitted by Section 8.05 and Dispositions
constituting Permitted Investments. 
 8.05 Restricted Payments. Declare or make, directly or indirectly, any
Restricted Payment, except: 
 (a) so long as no Event of Default shall have occurred and be continuing or would result therefrom, any Loan
Party may repurchase its Equity Interests owned by employees of such Loan Party (or held by any Plans maintained by the foregoing) or make payments to employees of Holdings or any Restricted Subsidiary upon termination of employment in connection
with the exercise of stock options, stock appreciation rights or similar equity incentives or equity based incentives pursuant to management incentive plans or other Plans or in connection with the death or disability of such employees in an
aggregate 

  
 164 

 
amount not to exceed $10,000,000 in any fiscal year (excluding any net repurchases or payments over issuances of such Equity Interests in such fiscal year to such employees) plus (x) the
amount of net proceeds of any key-man life insurance policies received during such fiscal year and (y) the amount of any cash bonuses otherwise payable to members of management, directors or consultants
that are foregoing in return for the receipt of Equity Interests (the “Distribution Amount”); provided, that the amount of permitted distributions pursuant to this
Section 8.05(a) shall be increased by (A) the unused Distribution Amount for the immediately preceding fiscal year less (B) an amount equal to the unused Distribution Amount carried
forward to such preceding fiscal year; 
 (b) the redemption, retirement or defeasance of any Indebtedness of Holdings or any Restricted
Subsidiaries with the Net Cash Proceeds from an incurrence of Permitted Refinancing Indebtedness; 
 (c) the payment of any dividend or
distribution by a Restricted Subsidiary to the holders of its Equity Interests on a pro rata basis in connection with a bona fide joint venture; 

(d) so long as no Event of Default shall have occurred and be continuing or would result therefrom, dividends or distributions by Holdings at
the times due and in an amount necessary to make payments in accordance with and to the extent permitted by Section 8.07(f); 

(e) dividends or distributions payable in Equity Interests (other than Disqualified Stock) of any Borrower; 

(f) in addition to the foregoing and following Restricted Payments, any Loan Party may make additional Restricted Payments to any other Loan
Party; 
 (g) repurchases of Equity Interests deemed to occur upon the “cashless exercise” of stock options or warrants or upon
the vesting of restricted stock units if such Equity Interests represents the exercise price of such options or warrants or represents withholding taxes due upon such exercise or vesting shall be permitted; 

(h) [reserved]; 
 (i) Restricted
Payments for amounts to be paid under employee stock ownership plans; 
 (j) so long as no Default or Event of Default shall have occurred
and be continuing or would result therefrom, Restricted Payments in an aggregate amount not to exceed the greater of (x) $75,000,000 and (y) 20% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have
been delivered pursuant to Section 7.01 at any time outstanding; 
 (k) so long as
(x) no Default or Event of Default shall have occurred and be continuing or would result therefrom and (y) after giving effect thereto, the Total Net Leverage Ratio is less than or equal to 3.25 to 1.00 on a Pro Forma Basis, Restricted
Payments in an aggregate amount not to exceed an amount (which shall not be less than zero) equal to the portion, if any, of the Available Amount on the date of such election that the Borrowers elect to apply to this
Section 8.05(k), which election shall be specified in a written notice of a Responsible Officer of Holdings calculating in reasonable detail the amount of Available Amount immediately prior to such
election and the amount thereof elected to be so applied; 
 (l) so long as no Default or Event of Default shall have occurred and be
continuing or would result therefrom, prepayments, redemptions, purchases, defeasances, or other satisfactions prior to the scheduled maturity thereof with respect to the Indebtedness permitted to be secured under
Section 8.01(h) in an aggregate amount not to exceed $75,000,000; 

  
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 (m) so long as no Default or Event of Default shall have occurred and be continuing or would
result therefrom, Restricted Payments by Holdings or any Restricted Subsidiary to the holders of its Equity Interests in an aggregate amount per annum not to exceed 5.0% of Market Capitalization; 

(n) additional Restricted Payments if, after giving effect thereto, the Total Net Leverage Ratio is less than or equal to (x) in the case
of any Restricted Payment set forth in clause (b) of the definition thereof, 2.50 to 1.00 and (y) in the case of any Restricted Payment set forth in clause (a) or (c) thereof, 2.25 to 1.00, in each case, on a Pro
Forma Basis; provided that no Default or Event of Default shall have occurred and be continuing or would result therefrom; and 

(o) to pay customary salary, bonus, severance and other benefits payable to current or former directors, officers, members of management,
managers, employees or consultants of any parent company (or any immediate family member of any of the foregoing) to the extent such salary, bonuses, severance and other benefits are attributable and reasonably allocated to the operations of
Holdings and/or the Restricted Subsidiaries, in each case, so long as such parent company applies the amount of any such Restricted Payment for such purpose. 

(p) Restricted Payments for earn-out and holdback payments (i) required pursuant to existing
agreements as set forth on Schedule 8.02 and (ii) required pursuant to Permitted Acquisitions; 
 Further, for
purposes of determining compliance with this Section 8.05, (A) Restricted Payments need not be permitted solely by reference to one category of permitted Restricted Payments (or any portion thereof)
described in this Section 8.05 above or Permitted Investments described in the definition thereof but may be permitted in part under any combination thereof and (B) in the event that a Restricted
Payment (or any portion thereof) or Permitted Investment meets the criteria of one or more of the categories of permitted Restricted Payments (or any portion thereof) described in this Section 8.05
above or Permitted Investment, the Borrowers may, in their sole discretion, classify or reclassify, or later divide, classify or reclassify (as if incurred at such later time), such Restricted Payment (or any portion thereof) in any manner that
complies with this Section 8.05 or falls within the definition of a Permitted Investment and will be entitled to only include the amount and type of such Restricted Payment (or any portion thereof) in
one of the above clauses (or any portion thereof) or within the definition of Permitted Investment (or any portion thereof) and such Restricted Payment (or any portion thereof) or Permitted Investment shall be treated as having been incurred or
existing pursuant to only such clause or clauses (or any portion thereof) without giving pro forma effect to such item (or portion thereof) when calculating the amount of the Restricted Payment that may be incurred pursuant to any other clause. 

8.06 Change in Nature of Business. Engage in any material line of business substantially different from those lines of
business conducted by Holdings and the Restricted Subsidiaries on the Closing Date or any business substantially related or incidental thereto or reasonably ancillary or complementary thereto. 

8.07 Transactions with Affiliates. Enter into any transaction of any kind involving aggregate consideration in excess of
$5,000,000 with any Affiliate of Holdings, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to Holdings or such Restricted Subsidiaries as would be obtainable by Holdings or such
Restricted Subsidiaries at such time in a comparable arm’s length transaction with a Person other than an Affiliate, provided that the foregoing restriction shall not apply to: 

(a) participation by Holdings or any Restricted Subsidiary in, or effecting any transaction in connection with, any joint enterprise or other
joint arrangement with any Affiliate if Holdings or such Restricted Subsidiary, as applicable, participates in the ordinary course of its business and on a basis no less advantageous than the basis on which such Affiliate participates; 

  
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 (b) loans and other transactions among the Loan Parties to the extent permitted by this
Article VIII; 
 (c) any payment from any Restricted Subsidiary to any Borrower; 

(d) intercompany Indebtedness permitted under Section 8.02, Restricted Payments permitted under
Section 8.05 and Permitted Investments; 
 (e) compensation arrangements with directors and
employees entered into in the ordinary course of business; 
 (f) fees paid (and expenses reimbursed) pursuant to and in accordance with the
Advisory Agreement as such agreement is in effect on the Closing Date; 
 (g) issuance of Equity Interests (other than Disqualified Stock)
of Holdings; 
 (h) customary agreements, covenants and restrictions contained in agreements relating to the sale of assets or Equity
Interests of Subsidiaries of the Borrowers; 
 (i) transactions between Holdings or any Restricted Subsidiary and any person, a director of
which is also a director of Holdings or any direct or indirect parent company of Holdings; provided, however, that (A) such director abstains from voting as a director of Holdings or such direct or indirect parent
company, as the case may be, on any matter involving such other person and (B) such person is not an Affiliate of Holdings for any reason other than such director’s acting in such capacity; 

(j) transactions for the purchase or sale of goods, equipment, products, parts and services entered into in the ordinary course of business;

 (k) transactions pursuant to any Factoring Agreements permitted under Section 8.02; and

 (l) sales of accounts receivable, or participations therein, in connection with any Receivables Facility permitted under
Section 8.02. 
 8.08 Burdensome Agreements. Create, enter into or
permit to exist (x) any Contractual Obligation (other than this Agreement, any other Loan Document or any Permitted Refinancing Indebtedness incurred to refinance any such Indebtedness) that limits the ability (i) except as permitted under
Section 8.01 or the documentation governing any Credit Agreement Refinancing Indebtedness, of Holdings or any Restricted Subsidiary to create, incur, assume or suffer to exist Liens on property of such
Person to secure the Obligations or any refinancing thereof or (ii) of Holdings or any Restricted Subsidiary to pay dividends or other distributions with respect to any of its Equity Interests or to make or repay loans or advances, in each
case, to Holdings or any Restricted Subsidiary or to Guarantee Indebtedness of Holdings or any Restricted Subsidiary or (y) a Canadian Defined Benefit Pension Plan, except, in respect of any Restricted Subsidiary acquired after the Closing
Date, any such pension plan that (i) existed as of the date of acquisition of such Restricted Subsidiary (and not created in contemplation of such acquisition) and (ii) does not have a funding deficiency of in excess of the greater of (x)
$50,000,000 and (y) 13% of Consolidated EBITDA as of the last day of the last Test Period for which financial statements have been delivered pursuant to Section 7.01; provided that the
foregoing restrictions in Section 8.08(x) shall not apply to: 

  
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 (a) customary restrictions and conditions contained in agreements relating to the sale of a
Restricted Subsidiary or Unrestricted Subsidiary pending such sale; provided that such restrictions and conditions apply only to the Restricted Subsidiary or Unrestricted Subsidiary (or any Equity Interests therein) that is to be sold
and such sale is permitted hereunder; 
 (b) customary restrictions and conditions contained in any trading, netting, operating,
construction, service, supply, purchase, sale or other agreement to which the Borrowers or any Restricted Subsidiaries are a party and was entered into in the ordinary course of business; provided that such agreement prohibits the
encumbrance of solely the property or assets of such Borrower or such Restricted Subsidiary that are the subject to such agreement; 
 (c)
Contractual Obligations which impose (x) restrictions described in clause (i) above, but only to the extent that such restrictions do not materially adversely affect the value of the Collateral granted to secure the
Obligations or (y) restrictions described in clause (ii) above, but only to the extent that such restrictions do not materially adversely affect the consolidated cash position of the Loan Parties; 

(d) any agreement or other instrument (including an instrument governing Indebtedness) of a Person acquired by Holdings or any Restricted
Subsidiary in existence at the time of such acquisition or at the time it merges with or into Holdings or any Restricted Subsidiary or assumed in connection with the acquisition of assets from such Person (but, in any such case, not created in
contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person and its Subsidiaries, or the property or assets of the Person and its Subsidiaries, so
acquired or the property or assets so assumed; 
 (e) any restrictions created in connection with any Factoring Agreement or Receivables
Facility incurred pursuant to Section 8.02 that, in the good faith determination of Holdings are necessary or advisable to effect the transactions contemplated under such Factoring Agreement or
Receivables Facility; 
 (f) any contractual encumbrances or restrictions imposed by any amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacements or refinancings of the agreements referred to in Section 8.08(d); provided that such amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Borrowers, not materially more restrictive with respect to such encumbrance and other restrictions taken as a whole than those prior to such
amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing; 
 (g) customary restrictions on
leases, subleases, licenses or sublicenses or sales otherwise permitted hereby so long as such restrictions relate to the assets subject thereto; 

(h) customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted under this Agreement;

 (i) customary provisions restricting assignment of any agreement entered into in the ordinary course of business; 

(j) restrictions on cash or other deposits under contracts entered into in the ordinary course of business; 

(k) Contractual Obligations which arise under applicable laws or any applicable rule, regulation or order; 

  
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 (l) any agreement or instrument governing Equity Interests of any Person that is acquired;

 (m) restrictions and conditions on any Restricted Subsidiary organized in jurisdictions where such restrictions are customary, including
the People’s Republic of China, or any state or other political subdivision thereof; 
 (n) provisions in any customary indenture in
connection with Indebtedness permitted hereunder, and any Contractual Obligations relating thereto; 
 (o) restrictions on Liens in favor of
any holder of Indebtedness permitted under Section 8.02(g)(i) (solely to the extent such restriction relates to assets the acquisition, construction, repair, replacement, lease or improvement of which
was financed by such Indebtedness), Section 8.02(h) (solely to the extent such restriction relates to assets acquired in connection with the Acquired Indebtedness referred to in
Section 8.02(h)) or Section 8.02(l) (solely to the extent such restriction relates to assets acquired in connection with the Permitted Acquisition financed
by such Indebtedness); 
 (p) restrictions that are binding on a Foreign Subsidiary pursuant to Indebtedness of a Foreign Subsidiary which
is permitted by Section 8.02; or 
 (q) restrictions in a surety or performance bond entered
into in the ordinary course of business. 
 8.09 Use of Proceeds. Use the proceeds of any Credit Extension, whether
directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to
refund Indebtedness originally incurred for such purpose. 
 8.10 Financial Covenant.  

(a) Solely in respect of the Revolving Credit Facility, permit the First Lien Net Leverage Ratio as of the last day of any such fiscal quarter
of Holdings to exceed (i) for each fiscal quarter ending in 2019 (following the Closing Date), 4.50 to 1.00, (ii) for each fiscal quarter ending in 2020, 4.50 to 1.00, (iii) for each fiscal quarter ending in 2021, 4.00 to 1.00 and
(iv) thereafter 3.75 to 1.00; provided that, notwithstanding the foregoing, the financial covenant set forth in this Section 8.10 shall be tested as of the last day of any such fiscal
quarter only in the event that, on the last day of such fiscal quarter, the Total Outstandings (excluding undrawn Letters of Credit up to $40,000,000) is greater than 30.0% of the Total Revolving Credit Commitments (such occurrence, a
“Triggering Event”). 
 (b) Right to Cure. Notwithstanding anything to the contrary contained in
Section 9.01 or 9.02, in the event that the Borrowers fail to comply with the requirements of the financial covenant set forth in
Section 8.10(a) at any time when Holdings is required to comply with such financial covenant, pursuant to the terms thereof, then (A) until the expiration of the tenth Business Day subsequent to
the date the relevant financial statements are required to be delivered pursuant to Section 7.01(a) or (b) (the last day of such period being the “Anticipated Cure
Deadline”), Holdings shall have the right to issue or obtain a contribution to its equity (which shall be in the form of common equity or otherwise in a form reasonably acceptable to the Administrative Agent (but which shall not include the Specified Equity Proceeds)) for cash (the “Cure Right”), and upon
the receipt by Holdings of such cash (the “Cure Amount”), pursuant to the exercise Holdings of such Cure Right, the calculation of Consolidated EBITDA as used in the financial covenant set forth in
Section 8.10(a) shall be recalculated giving effect to the following pro forma adjustments: 

  
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 (i) Consolidated EBITDA shall be increased, solely for the purpose of
measuring the financial covenant set forth in Section 8.10(a) and not for any other purpose under this Agreement (including but not limited to determining the availability or amount of any
covenant baskets or carve-outs (including the determination of the Available Amount) or determining the Applicable Rate), by an amount equal to the Cure Amount; provided that (1) the receipt by Holdings of the Cure Amount pursuant
to the Cure Right shall be deemed to have no other effect whatsoever under this Agreement (including but not limited to determining the availability or amount of any covenant baskets or carve-outs or determining the Applicable Rate) and (2) no
Cure Amount shall reduce Indebtedness (including as unrestricted cash or Cash Equivalents of Holdings and the Restricted Subsidiaries) on a Pro Forma Basis for the applicable fiscal quarter for which such Cure Amount was contributed for purposes of
calculating the financial covenant set forth in Section 8.10(a); 
 (ii) If,
after giving effect to the foregoing recalculations, the Borrowers shall then be in compliance with the requirements of the financial covenant set forth in Section 8.10(a), the Borrowers shall be deemed
to have satisfied the requirements of the financial covenant set forth in Section 8.10(a) as of the relevant date of determination with the same effect as though there had been no failure to comply
therewith at such date, and the applicable breach or default of the financial covenant set forth in Section 8.10(a) that had occurred shall be deemed cured for the purposes of this Agreement; and 

(iii) upon receipt by the Administrative Agent of written notice, on or prior to the Anticipated Cure Deadline, that the
Borrowers intend to exercise the Cure Right in respect of a fiscal quarter, the Lenders shall not be permitted to accelerate Loans held by them or to exercise remedies against the Collateral on the basis of a failure to comply with the requirements
of the financial covenant set forth in Section 8.10(a), unless such failure is not cured pursuant to the exercise of the Cure Right on or prior to the Anticipated Cure Deadline. For the avoidance of
doubt, the Borrower shall not be able to obtain any Credit Extension hereunder until receipt by the Administrative Agent of the Cure Amount. 

Notwithstanding anything set forth herein to the contrary, (i) in each four consecutive fiscal-quarter period there shall be at least two
fiscal quarters in respect of which the Cure Right is not exercised, (ii) there can be no more than five fiscal quarters in respect of which the Cure Right is exercised during the term of this Agreement and (iii) for purposes of this
Section 8.10(b), the Cure Amount utilized shall be no greater than the minimum amount required to remedy the applicable failure to comply with the financial covenant set forth in
Section 8.10(a). 
 8.11 Amendments of Organization Documents and Certain Other
Agreements. Amend, modify or otherwise alter (a) any of its Organization Documents in any manner that would conflict with its obligations under the Loan Documents or (b) the instrument or agreement governing any Indebtedness that
is subordinated to the Obligations if such amendment, modification or alteration is in violation of the Customary Intercreditor Agreement entered into with respect thereto. 

8.12 Accounting Changes. Make any (a) significant change in a manner adverse to the Lenders in accounting policies
or reporting practices, except as permitted or required by generally accepted accounting principles, or (b) change its fiscal year. 

8.13 Sale and Leaseback Transactions. Enter into any arrangement, directly or indirectly, with any Person whereby it
shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose
or purposes as the property being sold or transferred unless (A) (i) the sale of such property is permitted by Section 8.04 and (ii) any capital lease obligations or

  
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Liens arising in connection therewith are permitted by Sections 8.02 and 8.01, respectively or (B) in respect of property acquired after the Closing Date,
such transaction (a “Permitted Sale Leaseback Transaction”) is consummated within 365 days of such acquisition of property. 

8.14 No Other “Designated Senior Indebtedness”. No Borrower shall designate, nor permit the designation of, any
Indebtedness (other than under this Agreement or the other Loan Documents) as “Designated Senior Indebtedness” or any other similar term for the purpose of the definition of the same or the subordination provisions contained in the
documentation for all Indebtedness that is subordinated in right of payment to the Obligations (if applicable) or any Permitted Refinancing Indebtedness in respect
thereof; provided that the existence of any Designated Pari Passu Facility shall not be deemed to be in violation of
this Section 8.14. 
 8.15 Centre of Main Interests and
Establishments. No European Loan Party shall change its “centre of main interests” (as that term is used in Article 3(1) of the Regulation). 

8.16 Holding Covenant. Holdings shall not have any direct Subsidiary other than the Initial Borrower. 

ARTICLE IX. 
 EVENTS
OF DEFAULT AND REMEDIES 
 9.01 Events of Default. Any of the following shall constitute an Event of Default:

 (a) Non-Payment. Any Loan Party fails to pay 

(i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or 

(ii) within five Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any Commitment
Fee or other fee due hereunder or 
 (iii) within five Business Days after the same becomes due, any other amount payable
hereunder or under any other Loan Document; or 
 (b) Specific Covenants. Any Loan Party fails to perform or observe any term,
covenant or agreement contained in any of 
 (i) Section 7.01 or 7.03(a), if such failure
continues for three Business Days or 
 (ii) Section 7.05, 7.11, 7.17, or
Article VIII; provided that, any Event of Default under Section 8.10 shall not constitute an Event of Default with respect to any Term Loan Facility until the earlier of
(x) the date that is 30 days after the date such Event of Default arises with respect to the Revolving Credit Facility and (y) the date on which the Administrative Agent or the Revolving Credit Lenders exercise any remedies with respect to
the Revolving Credit Facility in accordance with Section 9.02; provided, further, that any Event of Default under Section 8.10
may be waived, amended or otherwise modified from time to time pursuant to clause (i) of Section 11.01; or 

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
Section 9.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days of the earlier of (i) a Responsible
Officer of any Loan Party has knowledge of such failure or (ii) receipt by Holdings of notice from the Administrative Agent or the Required Lenders of such default; or 

  
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 (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of any Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading, in each case in any material respect (or,
in the case of any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language, shall be incorrect or misleading in any respect after giving effect to such qualifier), when
made or deemed made; or 
 (e) Cross-Default. 

(i) Any Loan Party or any Significant Subsidiary (or any group of Restricted Subsidiaries that, when taken together, would
constitute a Significant Subsidiary) 
 (A) fails to make any payment when due (whether by scheduled maturity, required
prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder, Indebtedness under Swap Contracts and with respect to surety or performance bonds in respect of commercial contracts
entered into in the ordinary course of business (for the avoidance of doubt, not in respect of debt for borrowed money)) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all
creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or 
 (B) fails to observe
or perform any other agreement or condition relating to any such Indebtedness or Guarantee (other than with respect to surety or performance bonds in respect of commercial contracts entered into in the ordinary course of business (for the avoidance
of doubt, not in respect of debt for borrowed money)) in excess of the Threshold Amount or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to
cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) or the holders of any mandatory preferred stock to cause, with the giving of notice if required, such Indebtedness or such mandatory preferred stock (other than the conversion of any mandatory preferred stock to common stock in accordance with its terms
not as the result of a default) to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness or such mandatory preferred stock to be made, prior to its stated maturity, or such Guarantee to become payable or cash
collateral in respect thereof to be demanded; or  

(ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from 

(A) any event of default under such Swap Contract as to which Holdings or any Restricted Subsidiary is the Defaulting Party (as
defined in such Swap Contract) or 
 (B) any Termination Event (as so defined) under such Swap Contract as to which Holdings
or any Restricted Subsidiary is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by Holdings or such Restricted Subsidiary as a result thereof is greater than the Threshold Amount; or 

  
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 (f) Insolvency Proceedings, Etc. 

(i) Any Loan Party or any Significant Subsidiary (or any group of Restricted Subsidiaries that, when taken together, would
constitute a Significant Subsidiary) institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver,
receiver and manager, interim receiver, manager, monitor, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, receiver and manager, interim receiver,
manager, monitor, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 days; or any proceeding
under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 days, or an order for relief is entered in any such
proceeding; 
 (ii) Any Canadian Loan Party shall admit in writing its inability to pay its debts generally or make a
proposal (or file a notice of its intention to do so) under the Bankruptcy and Insolvency Act (Canada); or 
 (iii)
with respect to any UK Loan Party that is a Significant Subsidiary (or any group of UK Loan Parties that, when taken together, would constitute a Significant Subsidiary), the occurrence of any UK Insolvency Event. 

(g) Inability to Pay Debts; Attachment. 

(i) Any Loan Party or any Significant Subsidiary (or any group of Restricted Subsidiaries that, when taken together, would
constitute a Significant Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or 

(ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of
the material property of any Loan Party or any Significant Subsidiary and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

(h) Judgments. There is entered against any Loan Party or any Restricted Subsidiary 

(i) a final judgment or order for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not
covered by independent third-party insurance as to which the insurer is rated at least “A” by A.M. Best Borrower and does not dispute coverage), or 

(ii) any one or more non-monetary final judgments that have, or could reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect and, 
 in either case, (A) enforcement proceedings are commenced by any
creditor upon such judgment or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 

  
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 (i) ERISA. 

(i) One or more ERISA Events occur with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably
be expected to result in a Material Adverse Effect, 
 (ii) any Borrower or any ERISA Affiliate fails to pay when due, after
the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA in an aggregate amount in excess of the Threshold Amount, 

(iii) with respect to a Foreign Plan, a termination, withdrawal, imposition of a Lien (other than a Permitted Lien), noncompliance with applicable Law or plan terms that would reasonably be expected to result in
a Material Adverse Effect, or 
 (iv) with respect to a Canadian Defined Benefit Pension Plan, imposition of a Lien that
would reasonably be expected to result in a Material Adverse Effect; or 
 (j) Invalidity of Loan Documents. Any material provision
of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party
contests in any manner the validity or enforceability of any material provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind
any Loan Document; or 
 (k) Change of Control. There occurs any Change of Control; or 

(l) Collateral Documents. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms
thereof) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby (subject to Liens expressly permitted under the Loan Documents) (other than by reason of the failure of the
Collateral Agent to retain possession of Collateral physically delivered to it (other than due to any act or failure to act by Holdings or any of its Subsidiaries)) or the failure of the Collateral Agent to timely file Uniform Commercial Code
financing statements or continuation statements or other perfection filings (other than due to any act or failure to act by Holdings or any of its Subsidiaries) and is not, upon the written request of an Agent, promptly corrected; or 

(m) Pensions. The UK Pensions Regulator issues a Financial Support Direction or a Contribution Notice is issued to any Loan Party or
any of their Subsidiaries or Affiliates or any Loan Party or any Subsidiaries or Affiliates of any Loan Party is convicted of or
charged with, or is issued with any other sanction or penalty in relation to, any offence pursuant to section 58A, section 58B, section 58C or section 58D of the UK Pensions Act 2004, in any case, that would reasonably be expected to
result in a Material Adverse Effect. 
 9.02 Remedies Upon Event of Default. If any Event of Default occurs and is
continuing, the Administrative Agent may, and at the request of the Required Lenders, shall take any or all of the following actions (it being understood that during any period during which an Event of Default under
Section 8.10 exists solely with respect to the Revolving Credit Facility, the Administrative Agent may, and at the request of the Majority Facility Lenders in respect of the Revolving Credit Facility,
shall take any of the actions described below solely as they relate to the Revolving Credit Facility): 
 (a) declare the commitment of each
Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 

  
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 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by each
Borrower; 
 (c) require that the Borrowers Cash Collateralize the L/C Obligations (in an amount equal to 103% the then Outstanding Amount
thereof); and 
 (d) exercise, on behalf of itself, the Lenders and the L/C Issuers all rights and remedies available to it, the Lenders and
the L/C Issuers under the Loan Documents or applicable Law; 
 provided, however, that upon the occurrence of an event with
respect to any Borrower described in Section 9.01(f), the obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions shall automatically terminate, the
unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrowers to Cash Collateralize the L/C Obligations as aforesaid shall
automatically become effective, in each case, without further act of the Administrative Agent or any Lender. 
 9.03
Application of Funds. After the exercise of remedies provided for in Section 9.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have
automatically been required to be Cash Collateralized as set forth in the proviso to Section 9.02), any amounts received on account of the Obligations shall, subject to the provisions of
Section 2.16, be applied by the Administrative Agent in the following order: 
 First,
to payment of that portion of the Obligations constituting reasonable fees, indemnities, expenses and other amounts (including reasonable Attorney Costs and amounts payable under Article III) payable to each Agent in its capacity as
such; 
 Second, to payment of that portion of the Obligations constituting reasonable fees, indemnities and other amounts (other
than principal and interest) payable to the Lenders (including reasonable Attorney Costs and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; 

Third, to (a) payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and L/C Borrowings,
and (b) periodic payments due under any Secured Hedge Agreement, ratably among the Lenders and the Hedge Banks, respectively, in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to (a) payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings,
(b) payment of breakage, termination or other payments, and any interest accrued thereon, not otherwise paid pursuant to clause Third, due under any Secured Hedge Agreement, (c) payments of amounts due under any Secured Treasury Management
Agreement (in the case of any Designated Pari Passu Facilities, in principal amounts not to exceed the relevant Designated Pari
Passu Facility Cap for such Designated Pari Passu Facility), ratably among the Lenders, the L/C Issuers, Hedge Banks and the Lender Counterparties in proportion to the respective amounts described in this clause Fourth payable to or
held by them and (d) to the Administrative Agent for the account of the L/C Issuer, to Cash Collateralize 103% of that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit; 

Fifth, to the payment of all other Obligations of the Loan Parties owing under or in respect of the Loan Documents that are due and
payable to the Administrative Agent and the other Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties on such date; and 

  
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 Last, the balance, if any, after all of the Obligations have been indefeasibly paid
in full, to the Borrowers or as otherwise required by Law. 
 Subject to Section 2.03(c),
amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as
Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

ARTICLE X. 
 THE
AGENTS AND THE ARRANGERS 
 10.01 Appointment and Authority. 

(a) Each of the Lenders and, the L/C Issuers
and each Designated Pari Passu Facility Provider hereby irrevocably appoints Citibank, N.A. to act on its behalf as
the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto. The provisions of this Article X are solely for the benefit of the Administrative Agent, the Lenders and, the L/C IssuerIssuers and the Designated Pari Passu Facility
Providers, and no Loan Party shall have rights as a third party beneficiary of any of such provisions. 
 (b) Each of the
Lenders (in its capacities as a Lender and potential Hedge Bank)
and, the L/C Issuers
and each Designated Pari Passu Facility Provider hereby irrevocably appoints Citibank, N.A. to act on its behalf as
the Collateral Agent (for purposes of this Article X, the Administrative Agent and the Collateral Agent are referred to collectively as the “Agents”) hereunder and hereby authorizes the Collateral
Agent to acquire, hold and enforce any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto (including as
vertegenwoordiger/représentant for the purposes of article 5 of the Belgian Financial Collateral Law and article 3 of Title XVII of Book III of the Belgian Civil Code). In this connection, the Collateral Agents and any
co-agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent pursuant to Section 10.02 for purposes of
holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent, shall be entitled to the benefits of all
provisions of this Article X and Article XI (including Section 11.04(c), as though such co-agents, sub-agents and
attorneys-in-fact were the Collateral Agent under the Loan Documents) as if set forth in full herein with respect thereto. 

10.02 Delegation of Duties. Each Agent may perform any and all of its duties and exercise its rights and powers hereunder
or under any other Loan Document by or through any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article X shall apply to any such sub-agent and to the Related Parties
of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as such Agent. 

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

10.04 Exculpatory Provisions. No Agent shall have any duties or obligations except those expressly set forth herein and
in the other Loan Documents. Without limiting the generality of the foregoing, no Agent: 
 (a) shall be subject to any fiduciary or other
implied duties, regardless of whether a Default has occurred and is continuing; 
 (b) shall have any duty to take any discretionary action
or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the such Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose
such Agent to liability or that is contrary to any Loan Document or applicable law; and 
 (c) shall, except as expressly set forth herein
and in the other Loan Documents, have any duty to disclose, and shall be liable for the failure to disclose, any information relating to any Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as such Agent or
any of its Affiliates in any capacity. 
 Each Agent shall not be liable for any action taken or not taken by it (i) with the consent,
at the request of or ratified by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections
11.01 and 9.02) or (ii) in the absence of its own gross negligence or willful misconduct. Each Agent shall be deemed not to have knowledge of any Default or Event of Default unless and until written notice specifying that
it is a “notice of default or event of default” and describing such Default or Event of Default, as applicable, is given to such Agent by any Borrower, any Lender or any L/C Issuer. 

No Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or
in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of
any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set
forth in Article V or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to such Agent. 

(d) No Agent shall be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce compliance with
the provisions hereof relating to Disqualified Institutions. Without limiting the generality of the foregoing, no Agent shall (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or
Participant is a Disqualified Institution or (y) have any liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Institution. 

  
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 10.05 Reliance by Agents. Each Agent shall be entitled to rely upon,
and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed
by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not
incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, an
Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless such Agent shall have received notice to the contrary from such Lender or such L/C Issuer prior to the making of such Loan or the issuance of such Letter
of Credit. Each Agent may consult with legal counsel (who may be counsel for Holdings or any Restricted Subsidiary), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 
 10.06
Non-Reliance on Agents and Other Lenders. Each Lender and L/C Issuer acknowledges that it has, independently and without reliance upon the Agents, the Arrangers, the 2020 Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers or any other Lender or any of their Related Parties and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and L/C Issuer also acknowledges that it will, independently and without reliance upon the Agents,
the Arrangers, the 2020 Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers or any other Lender or any of
their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any
related agreement or any document furnished hereunder or thereunder. 
 10.07 Resignation of Agent. Each Agent may at
any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrowers. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrowers, to appoint a successor, which
shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within
30 days after the retiring Agent gives notice of its resignation, then such retiring Agent may on behalf of the Lenders and the L/C Issuers, appoint a successor Agent meeting the qualifications set forth above; provided that if
such Agent shall notify the Borrowers and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and, subject to the last sentence of this
Section 10.07, (a) the retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by
the Collateral Agent on behalf of the Lenders or the L/C Issuers under any of the Loan Documents, the retiring Collateral Agent shall continue to hold such collateral security until such time as a successor Collateral Agent is appointed) and
(b) all payments, communications and determinations provided to be made by, to or through such Agent shall instead be made by or to each Lender and L/C Issuer directly, until such time as the Required Lenders appoint a successor Agent as
provided for above in this Section 10.07. Upon the acceptance of a successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring (or retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this
Section 10.07). The fees payable by the Borrowers to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor. After

  
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the retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article X and Section 11.04
shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring
Agent was acting as Agent. In addition, notwithstanding the effectiveness of a resignation by the Administrative Agent hereunder, (a) the retiring Administrative Agent may, in its sole discretion, continue to provide the services of the
Administrative Agent solely with respect to administering, collecting and delivering any payments of principal, interest, fees, premium or other amounts in respect of the Loans and maintaining the books and records relating thereto (such
Administrative Agent acting in such capacity, the “Paying Agent”), (b) the term “Administrative Agent” when used in connection with any such functions shall be deemed to mean such retiring Administrative Agent in
its capacity as the Paying Agent and (c) such retiring Administrative Agent shall, in its capacity as the Paying Agent, continue to be vested with and enjoy all of the rights and benefits of an Administrative Agent hereunder. 

10.08 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief
Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations 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, the L/C Issuers and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under
Sections 2.03(i) and (j) and 2.09) allowed in such judicial proceeding; and 
 (b) to collect
and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, receiver and
manager, interim receiver, manager, monitor, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative
Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances
of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Section 2.09. 

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 or any L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender
or any L/C Issuer or in any such proceeding. 
 10.09 Collateral and Guaranty Matters. The Lenders and, the L/C Issuers and the Designated Pari Passu Facility Providers irrevocably authorize the Collateral Agent, at its option and in its
discretion, 
 (a) to release any Lien on any property granted to or held by the Collateral Agent under any Loan Document (i) upon
termination of the Total Revolving Credit Commitments and payment in full of all Obligations (other than (x) contingent indemnification obligations not yet accrued and payable and (y) 

  
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obligations in respect of Secured Treasury Management Agreements and Secured Hedge Agreements) and each Letter of Credit having been backstopped or Cash Collateralized, in each case, in amounts
and pursuant to documentation in form and substance satisfactory to the Administrative Agent and the relevant L/C Issuer, (ii) that is Disposed or to be Disposed of as part of or in connection with any transaction permitted hereunder or under
any other Loan Document, (iii) subject to Section 11.01, if approved, authorized or ratified in writing by the Required Lenders or (iv) that is on or with respect to Mortgaged Property which
is not Material Real Property; and 
 (b) to release any Subsidiary Guarantor from its obligations under the Guaranty if such Person ceases
to be a Restricted Subsidiary or otherwise becomes an Excluded Subsidiary as a result of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary or transaction permitted hereunder or the application of clause (v) of
the definition of Excluded Subsidiary thereto. 
 Upon request by the Collateral Agent at any time, the Required Lenders will confirm in
writing the Collateral Agent’s authority to release its interest in particular types or items of property or to release any Guarantor from its obligations under the Guaranty pursuant to this
Section 10.09. In each case as specified in this Section 10.09, the Collateral Agent will, at the Borrowers’ expense, execute and deliver to the
applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents, or to release such Guarantor from its
obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 10.09. 

10.10 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Arrangers listed on the cover
page hereof or, the 2020 Incremental Lead Arrangers or the 2021 Incremental Lead Arrangers shall have any powers, duties or responsibilities under this
Agreement or any of the other Loan Documents, except in its capacity, as applicable, as an Agent, a Lender or a L/C Issuer hereunder. 

10.11 Certain ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Loan Party, that at least
one of the following is and will be true: 
 (i) such Lender is not using “plan assets” (within the meaning of
Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the
Loans, the Letters of Credit, the Commitments or this Agreement, 
 (ii) the transaction exemption set forth in one or more
PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for
certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of Section 406 of ERISA and Section 4975 of the Code such Lender’s entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

  
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 (iii) (A) such Lender is an investment fund managed by a “Qualified
Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in,
administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement
satisfies the requirements of subsections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent (in its sole
discretion) and such Lender. 
 (b) In addition, unless either (1) Section 10.11(a)(i)
is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with Section 10.11(a)(iv), such Lender further (x) represents and
warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent and not, for the avoidance of doubt, to or for the benefit of any Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or
any documents related hereto or thereto). 
 10.12 Parallel Debt 

(a) Each Secured Party appoints the Collateral Agent to act as its agent under and in connection with this Agreement and the other LoanFinance Documents. 

(b) Each Secured Party authorizes the
Collateral Agent to exercise the rights, powers, authorities and discretions specifically given to the Collateral
Agent under or in connection with this Agreement and the other
LoanFinance Documents,
together with any other incidental rights, powers, authorities and discretions. 
 (c) Notwithstanding any other provision of this
Agreement, each Loan Party hereby irrevocably and unconditionally undertakes to pay to the Collateral Agent, as creditor in its own right and not as representative of the other Secured Parties, sums equal to and in the currency of each amount
payable by such Loan Party to Secured Parties under each of the Loan
Documentspursuant to the Obligations (not including the payment obligations to the Collateral Agent pursuant to
this Section 10.12) as and when that amount falls due for payment under the relevant LoanFinance Document. 

(d) The Collateral Agent shall have its own independent right to demand payment of the amounts payable by each Loan Party under this
Section 10.12. 
 (e) Any amount due and payable by a Loan Party to the Collateral Agent
under this Section 10.12 shall be decreased to the extent that the other Secured Parties have received (and are able to retain) payment in full of the corresponding amount under the other provisions of
the LoanFinance Documents
and any amount due and payable by a Loan Party to the other Secured Parties under those provisions shall be decreased to the extent that the Collateral Agent has received (and is able to retain) payment in full of the corresponding amount under this
Section 10.12. 

  
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 (f) The rights of the Secured Parties (other than the Collateral Agent to receive payment of
amounts payable by each Loan Party under the Loan
Documentspursuant to the Obligations) are several and are separate and independent from, and
without prejudice to, the rights of the Collateral Agent to receive payment under this Section 10.12. 

(g) For purposes of
this Section 10.12,
“Finance
 Document” means
 any Loan Document and any other agreement governing an Obligation. 
 10.13 Intercreditor Agreement 

The Administrative Agent
and the Collateral Agent are irrevocably authorized and instructed by the Lenders and other Secured Parties, to the extent required by the terms of the Loan Documents, without any further consent of any Lender or any other Secured Party, to enter
into (or acknowledge and consent to) or amend, renew, extend, supplement, restate, replace, waive, or otherwise modify the Unsecured Intercreditor Agreement or any other Customary Intercreditor Agreement or Customary European Intercreditor
Agreement, in each case in accordance with the terms hereof. Each Lender and other Secured Party (a) hereby agrees that
it will be bound by and will take no actions contrary to the provisions of the Unsecured Intercreditor Agreement or any other Customary Intercreditor Agreement or Customary European Intercreditor Agreement (if entered into) and (b) hereby agrees that in connection with the entry into the Unsecured Intercreditor Agreement or any other Customary Intercreditor
Agreement or Customary European Intercreditor Agreement that the Administrative Agent and the Collateral Agent may rely exclusively on a certificate of a Responsible Officer of the Borrower as to whether the relevant Liens and/or Indebtedness are
permitted and whether the Unsecured Intercreditor Agreement or any other such Customary Intercreditor Agreement or Customary European Intercreditor Agreement or such amendment, renewal, extension, supplement, restatement, replacement, waiver, or
other modification thereto is in accordance with the terms hereof. 
 10.14 Erroneous Payments 

(a) If the
Administrative Agent notifies a Lender, L/C Issuer or Secured Party, or any Person who has received funds on behalf of a Lender, L/C Issuer or Secured Party such Lender or L/C Issuer (any such Lender, L/C Issuer, Secured Party or other recipient, a
“Payment
 Recipient”)
 that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its
Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, L/C Issuer, Secured Party or other Payment Recipient on its behalf) (any such funds, whether
received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an
“Erroneous
 Payment”)
 and demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of
the Administrative Agent, and such Lender, L/C Issuer or Secured Party shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business
Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each
day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time
in effect. A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive,
absent manifest error. 

  
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(b) Without limiting
immediately preceding clause (a), each Lender, L/C Issuer or Secured Party, or any Person who has received funds on behalf of a Lender, L/C Issuer or Secured Party such Lender or L/C Issuer, hereby further agrees that if it receives a payment,
prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment
sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment,
(y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative
Agent (or any of its Affiliates), or (z) that such Lender, L/C Issuer or Secured Party, or other such recipient,
otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case: 

(i)
(A) in the
case of immediately preceding clauses (x) or (y), an error shall be presumed to have been made (absent written
confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately
preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and 
 (ii)
such
Lender, L/C Issuer or Secured Party shall (and shall cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of
its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this
Section 10.14(b). 

(c) Each Lender, L/C
Issuer or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender, L/C Issuer or Secured Party under any Loan Document, or otherwise payable or distributable by the
Administrative Agent to such Lender, L/C Issuer or Secured Party from any source, against any amount due to the Administrative Agent under immediately preceding clause
(a) or under the indemnification provisions of this Agreement. 

(d) In the event
that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or L/C Issuer that has
received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous
 Payment Return
Deficiency”),
 upon the Administrative
Agent’s
 notice to such Lender or Issuing Lender at any time, (i) such Lender or L/C Issuer shall be deemed to have assigned
its Loans (but not its Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the
“Erroneous
 Payment Impacted
Class”)
 in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous
 Payment Deficiency
Assignment”)
 at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and Assumption (or, to the
extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an electronic platform as to which the Administrative Agent and such parties are participants) with respect to such Erroneous Payment Deficiency
Assignment, and such Lender or L/C Issuer shall deliver any Notes evidencing such Loans to the Borrower or the Administrative Agent,
(ii) the  

  
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Administrative Agent as the assignee Lender shall be deemed to acquire the
Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee
Lender shall become a Lender or L/C Issuer, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender or assigning L/C Issuer shall cease to be a Lender or L/C Issuer, as applicable, hereunder
with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning
Lender or assigning L/C Issuer and (iv) the Administrative Agent may reflect in the Register its ownership interest in
the Loans subject to the Erroneous Payment Deficiency Assignment. The Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale, the
Erroneous Payment Return Deficiency owing by the applicable Lender or L/C Issuer shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and claims
against such Lender or L/C Issuer (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or L/C Issuer and such
Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto agrees that, except to the extent that the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous
Payment Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be contractually subrogated to all the rights and interests of the applicable Lender, L/C Issuer or
Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the
“Erroneous
 Payment Subrogation
Rights”).
 

(e) The parties
hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect
to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Loan Party for the purpose of making such Erroneous Payment. 

(f) To the extent
permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or
recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge
for
value” or
 any similar doctrine. 

(g) Each
party’s
 obligations, agreements and waivers under this Section 10.14 shall survive the resignation or replacement of the
Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or L/C Issuer, the termination of the Commitments and/or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any
Loan Document. 
 ARTICLE XI. 

MISCELLANEOUS 

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

(a) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to
Section 9.02) without the written consent of such Lender; 

  
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 (b) postpone any date scheduled for any payment of principal or interest under
Sections 2.07 or 2.08, or any date fixed in writing by the Administrative Agent for the payment of fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby; 
 (c) reduce the principal of, or the rate of interest specified herein on, any Loan or
L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of any
Borrower to pay interest at the Default Rate; 
 (d) amend or modify the pro rata requirements of
Section 3.07, change the provision in Section 11.06(a)(i), change any provision of this Section 11.01 or the
definitions of “Required Lenders” or “Majority Facility Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any
determination or grant any consent hereunder, without the written consent of each Lender; 
 (e) change the provisions of any Loan Document
in a manner that by its terms materially and adversely affects the rights in respect of payments due to Lenders holding Loans of one Class differently from the rights of Lenders holding Loans of any other Class without the prior written
consent of Lenders holding a majority in interest of the outstanding Loans and unused Commitments of each materially and adversely affected Class; 

(f) release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of
each Lender; 
 (g) release any Borrower or all or substantially all of the Subsidiary Guarantors, from its or their obligations under the
Loan Documents without the written consent of each Lender; 
 (h) impose any greater restriction on the ability of any Lender to assign any
of its rights or obligations hereunder with respect to any Facility without the written consent of the Majority Facility Lenders then in effect in respect of such Facility; provided, for purposes of this clause, the aggregate amount of
each Lender’s risk participation and funded participation in L/C Obligations shall be deemed to be held by such Lender; 
 (i) amend,
waive or otherwise modify any of the terms and provisions (and related definitions) of Section 8.10 (even if the effect of such amendment would be to reduce the rate of interest on any Loan or L/C
Borrowing or to reduce any fee payable hereunder) or any of the terms and provisions of the proviso set forth in Section 9.01(b), without the written consent of the Majority Facility Lenders in respect
of the Revolving Credit Facility, and, notwithstanding anything else set forth in this Agreement to the contrary, any such amendment, waiver or other modification shall be effective for all purposes of this Agreement with the written consent of only
the Majority Facility Lenders in respect of the Revolving Credit Facility (or the Administrative Agent with the prior written consent thereof), on the one hand, and Holdings, on the other hand; or 

(j) modify the protections afforded to an SPC pursuant to the provisions of
Section 11.06(b)(vii) without the written consent of such SPC, 

  
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 provided, further, that (i) no amendment, waiver or consent shall, unless
in writing and signed by the L/C Issuers in addition to the Lenders required above, affect the rights or duties of the L/C Issuers under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it and
(ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent
under this Agreement or any other Loan Document. Notwithstanding anything to the contrary set forth herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that (i) the
Commitment of such Lender may not be increased or extended without the consent of such Lender and (ii) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting
Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. 

Notwithstanding anything to the contrary set forth herein, if the Administrative Agent and the Borrowers have jointly identified any
ambiguity, mistake, defect, inconsistency, obvious error, omission or any other error or omission of a technical nature, in each case, in any provision of any Loan Document, the Borrowers and the Administrative Agent shall be permitted to effect
amendments to this Agreement or any other Loan Document, as applicable, solely to address such matter and such amendment shall become effective without the consent of any other party to this Agreement so long as, in each case, the Lenders shall have
received at least ten Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within ten Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that
the Required Lenders object to such amendment. 
 If, in connection with any proposed change, waiver, discharge or termination of or to any
of the provisions of this Agreement and/or any other Loan Document as contemplated by Section 11.01, the consent of each Lender, each Lender or each affected Lender, as applicable, is required and the
consent of the Required Lenders at such time is obtained but the consent of one or more of such other Lenders whose consent is required is not obtained (each such other Lender, a “Non-Consenting
Lender”) then the Borrowers may, on notice to the Administrative Agent and the Non-Consenting Lender, (A) replace such Non-Consenting Lender in
accordance with Section 11.15 or (B) prepay the Loans and, if applicable, terminate the commitments of such Non-Consenting Lender, in whole or in part,
without premium or penalty. 
 11.02 Notices and Other Communications; Facsimile Copies. 

(a) Notices Generally. Except as provided in Section 11.02(b), all notices and other
communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows: 

(i) if to the Borrowers, the Agents or the L/C Issuers, to the address, telecopier number or electronic mail address specified
for such Person on Schedule 11.02; and 
 (ii) if to any other Lender, to the address, telecopier number or
electronic mail address specified in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given
at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 11.02(b) below shall be effective as
provided in such Section 11.02(b). 

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

Unless the Administrative Agent otherwise prescribes, 

(i) notices and other communications sent to an e-mail address shall be deemed
received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next
business day for the recipient, and 
 (ii) notices or communications posted to an Internet or intranet website shall be
deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice
or communication is available and identifying the website address therefor. 
 (c) The Platform. THE PLATFORM IS PROVIDED
“AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS
FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to any Borrower, any Lender, any L/C Issuer, any Arranger, the 2020 Incremental Lead
Arrangers, the 2021 Incremental Lead Arrangers or any other Person for losses, claims, damages, liabilities or
expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages,
liabilities or expenses are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however,
that in no event shall any Agent Party have any liability to any Borrower, any Lender, any L/C Issuer, any Arranger, the 2020 Incremental Lead
Arrangers, the 2021 Incremental Lead Arrangers or any other Person for indirect, special, incidental, consequential
or punitive damages (as opposed to direct or actual damages). 

  
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 (d) Change of Address, Etc. Each of the Borrowers, the Agents and the L/C Issuers may
change its address or telecopier number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by
notice to the Borrowers, the Agents, and the L/C Issuers. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name,
telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

(e) Reliance by Agents, L/C Issuers and Lenders. The Agents, the L/C Issuers and the Lenders shall be entitled to rely and act upon any
notices purportedly given by or on behalf of the Borrowers even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the
terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify the Agents, each L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities
resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrowers. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent,
and each of the parties hereto hereby consents to such recording. 
 11.03 No Waiver; Cumulative Remedies. No failure
by any Lender or the Agents to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other
Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
 11.04 Expenses;
Indemnity; Damage Waiver. 
 (a) Costs and Expenses. The Loan Parties shall 

(i) reimburse from time to time, upon presentation of a reasonably detailed statement all reasonable and documented out-of-pocket expenses incurred by the Agents, the Arrangers, the 2020
Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers, each Lender, each L/C Issuer and their respective
Affiliates (including the fees and expenses, to one primary counsel and, if reasonably necessary, to one local counsel in each appropriate jurisdiction and one special counsel and, solely in the case of an actual or perceived conflict of interest,
one or more additional counsel for each affected group), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated); 

(ii) all reasonable and documented
out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder and 
 (iii) reimburse from time to time, upon presentation of a reasonably detailed statement, all reasonable and
documented out-of-pocket expenses incurred by the Agents, the Arrangers, the 2020
Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers, any L/C Issuer, any Lender (including the reasonable
fees and expenses to one primary counsel and, if reasonably necessary, to one local counsel in each appropriate jurisdiction and one special counsel and, solely 

  
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in the case of an actual or perceived conflict of interest, one or more additional counsel for each affected group), in connection with the enforcement or protection of its rights (A) in
connection with this Agreement and the other Loan Documents, including its rights under this Section 11.04, or (B) in connection with Loans made or Letters of Credit issued hereunder, including all
such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b) Indemnification by the Borrowers. The Borrowers shall indemnify the Agents (and any
sub-agent thereof), the Arrangers, the 2020 Incremental Lead Arrangers, the 2021 Incremental
Lead Arrangers, each Lender, each L/C Issuer, each Designated Pari Passu Facility Provider and each
Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including
the reasonable fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Loan Party arising out of, in connection with, or as a result of 

(i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or
thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents, 

(ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer
to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), 

(iii) any actual or alleged presence or Release of Hazardous Materials on or from any property currently or formerly owned or
operated by Holdings or any Restricted Subsidiary, or any other Environmental Claim or Environmental Liability related in any way to Holdings or any Restricted Subsidiary, or 

(iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based
on contract, tort or any other theory, whether brought by a third party or by any Loan Party or any of such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; 

provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or
related expenses (x) are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or
(y) other than in respect of the Administrative Agent or Collateral Agent in its capacity as such, result from a claim brought by any Loan Party against an Indemnitee for a material breach of such Indemnitee’s obligations hereunder or
under any other Loan Document, in each case of clauses (x) and (y), if such Loan Party has obtained a final and non-appealable judgment in its favor on such claim as determined
by a court of competent jurisdiction. 
 (c) Reimbursement by Lenders. To the extent that any Borrower for any reason fails to
indefeasibly pay any amount required under Section 11.04(a) or 11.04(b) to be paid to the Agents (or any sub-agent thereof), the Arrangers, the 2020
Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers, the L/C Issuers or any Related Party of any of the
foregoing, each Lender severally agrees to 

  
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pay to the Agents (or any such sub-agent), the Arrangers, the 2020 Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers, the L/C Issuers or such Related Party, as the case may be, such Lender’s Pro Rata Share
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the
case may be, was incurred by or asserted against the Agents (or any such sub-agent), the Arrangers, the 2020 Incremental Lead
Arrangers, the 2021 Incremental Lead Arrangers or the L/C Issuers in their capacity as such, or against any Related
Party of any of the foregoing acting for the Agents (or any such sub-agent), the Arrangers, the 2020
Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers or the L/C Issuers in connection with such capacity.
The obligations of the Lenders under this Section 11.04(c) are subject to the provisions of Section 2.12(d). 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, no party hereto shall assert, and each
party hereto hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof; provided that such waiver
of special, indirect, consequential or punitive damages shall not limit the indemnification obligations of the Borrowers under Section 11.04(b). No party hereto shall be liable for any damages arising
from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such party hereto through telecommunications, electronic or other information transmission systems in connection with this
Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such party hereto as determined by a final and non-appealable judgment of a court of competent jurisdiction. 
 (e) Payments. All amounts due
under this Section 11.04 shall be payable not later than 20 Business Days after written demand therefor. 

(f) Survival. The agreements in this Section 11.04 shall survive the resignation of the
Administrative Agent and any L/C Issuer, the replacement of any Lender, the termination of the Total Revolving Credit Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

11.05 Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is made to the Agents or any
Lender, or the Agents or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by the Agents or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then 

(a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full
force and effect as if such payment had not been made or such setoff had not occurred, and 
 (b) each Lender severally agrees to pay to the
Agents upon demand their applicable share of any amount so recovered from or repaid by the Agents, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from
time to time in effect. 

  
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 11.06 Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that 
 (i) no Loan Party may assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent, each L/C Issuer and each Lender (and any attempted assignment without such consent shall be null and void) and 

(ii) no Lender may assign or otherwise transfer any of its rights or obligations hereunder, except 

(A) to an assignee in accordance with the provisions of Section 11.06(b) or
Section 11.06(i), 
 (B) by way of participation in accordance with the
provisions of Section 11.06(d), or 
 (C) by way of pledge or assignment of a
security interest subject to the restrictions of Section 11.06(f) (and any other attempted assignment or transfer shall be null and void). 

Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby, Participants to the extent provided in Section 11.06(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents, the L/C Issuers and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 Each party to this Agreement agrees that in
case of an assignment or transfer pursuant to this Section 11.06 and for the purpose of (and to the extent possible under) any applicable law, the Liens and the guarantees granted by each Loan Party
under the Loan Documents shall be preserved for the benefit of the Collateral Agent, the assignee Lender, the other Secured Parties and all other beneficiaries thereof. 

(b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment(s) and the Loans (including for purposes of this Section 11.06(b), participations in L/C Obligations) at the time owing to it);
provided that any such assignment shall be subject to the following conditions: 
 (i) Minimum
Amounts. 
 (A) no minimum amount need be assigned in the case of (x) an assignment of the entire remaining
amount of the assigning Lender’s Commitment under any Facility and the Loans at the time owing to it under such Facility and (y) an assignment by a Lender to any other Lenders, Affiliates and Approved Funds; and 

(B) in any case not described in Section 11.06(b)(i)(A), the aggregate amount of
the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the
date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, 

  
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as of the Trade Date, shall not be less than, in the case of any Facility, $1,000,000, in the case of any assignment under such Facility, unless each of the Administrative Agent and, so long as
no Event of Default has occurred and is continuing, Holdings otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee
Group with respect to any Lender and concurrent assignments from members of an Assignee Group with respect to any Lender to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single
assignment for purposes of determining whether such minimum amount has been met; 
 (ii) Proportionate Amounts.
Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause
(ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis; 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by
Section 11.06(b)(i)(B) and, in addition: 
 (A) the consent of Holdings (such
consent not to be unreasonably withheld or delayed) shall be required unless 
 (1) an Event of Default has occurred and is
continuing at the time of such assignment, 
 (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved
Fund, or 
 (3) such assignment is during the primary syndication of the Loans and Commitments orto Persons identified by the Administrative Agent
to Holdings on or prior to the Closing Date or the primary syndication of the 2020 Incremental Term
Loans and 2020 Incremental Term Loan Commitments to Persons identified by the Administrative Agent to Holdings on or prior to the Closing2020 Incremental Amendment Effective Date or the primary syndication of the 2021 Incremental Term Loans and 2021 Incremental Term Loan
Commitments to Persons identified by the Administrative Agent to Holdings on or prior to the 2021 Incremental Amendment Funding Date; 

provided, that if Holdings has not given the Administrative Agent written notice of its objection to such assignment within ten
(10) Business Days after written notice to Holdings, Holdings shall be deemed to have consented to such assignment; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for
assignments in respect of 
 (i) any Term Loan Commitment or Revolving Credit Commitment if such assignment is to a Person
that is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or 

  
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 (ii) any Term Loan to a Person that is not a Lender, an Affiliate of a
Lender or an Approved Fund; and 
 (C) the consent of the L/C Issuer (such consent not to be unreasonably withheld or
delayed) shall be required for any assignment in respect of the Revolving Credit Facility. 
 (iv) Assignment and
Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption (such Assignment and Assumption to be delivered via an electronic settlement system reasonably acceptable to the
Administrative Agent (or, if previously agreed with the Administrative Agent, manually)), and shall pay to the Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the
Administrative Agent); provided that only one such fee shall be payable in the event of simultaneous assignments to or from two or more Approved Funds by a single Lender and no fee shall be payable for assignments among related funds
or among any Lender and any of its Affiliates. The assignee, if it shall not be a Lender immediately prior to the assignment, shall deliver to the Administrative Agent an Administrative Questionnaire and applicable tax forms. Subject to acceptance
and recording thereof by the Administrative Agent pursuant to Section 11.06(c), from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to
this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be
a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04 with respect to facts and circumstances occurring prior to the effective date of such
assignment). Upon request, the applicable Borrower (at its sole expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 11.06(d); 

(v) No such assignment shall be made to Holdings or any of its Affiliates or any Restricted Subsidiary, except as set forth in
Section 11.06(i); 
 (vi) Prohibited Assignees. 

(A) No such assignment shall be made to a natural person (or a holding company, investment vehicle or trust for, or owned and
operated by or for the primary benefit of one or more natural persons); 
 (B) No assignment or participation shall be made
to any Person that was a Disqualified Institution as of the date on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless Holdings
has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For the avoidance of doubt, with
respect to any assignee that becomes a Disqualified Institution after the entry into such binding agreement (the date of such agreement, the “Trade Date”) (including as a result of the delivery of a notice pursuant to, and/or
the expiration of the notice period referred to in, the definition of “Disqualified Institution”), such assignee shall not retroactively be disqualified from becoming a Lender. 

  
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 (C) If any assignment or participation is made to any Disqualified
Institution without Holdings’ prior written consent in violation of Section 11.06(b)(vi)(B) above, or if any Person becomes a Disqualified Institution after the applicable Trade Date, the Borrowers
may, at their sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, in accordance with and subject to the provisions of Section 11.15, require
such Disqualified Institution to assign all of its interests, rights and obligations under this Agreement and the related Loan Documents to an Eligible Assignee. 

(D) Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions 

(A) will not 

(x) have the right to receive information, reports or other materials provided to Lenders by the Borrowers, the Administrative
Agent or any other Lender, 
 (y) attend or participate in meetings attended by the Lenders and the Administrative Agent or
the Collateral Agent or 
 (z) access any electronic site established for the Lenders or confidential communications from
counsel to or financial advisors of the Administrative Agent, the Collateral Agent or the Lenders and 
 (B) (x) for
purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any
action) under this Agreement or any other Loan Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and 

(y) for purposes of voting on any bankruptcy plan, each Disqualified Institution party hereto hereby agrees 

(1) not to vote on such bankruptcy plan, 

(2) if such Disqualified Institution does vote on such bankruptcy plan notwithstanding the restriction in the foregoing
clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws), and such vote shall
not be counted in determining whether the applicable class has accepted or rejected such bankruptcy plan in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws) and 

  
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 (3) not to contest any request by any party for a determination by court of
competent jurisdiction effectuating the foregoing clause (2). 
 (E) The Administrative Agent shall have the
right, and the Borrowers hereby expressly authorize the Administrative Agent, to (A) post the list of Disqualified Institutions and any updates thereto from time to time on the Platform, including that portion of the Platform that is designated
for Public Lenders and/or (B) provide such list to each Lender requesting the same. 
 (vii) SPC. 

(A) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may
grant to a special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrowers, the option to provide to the Borrowers all or any
part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrowers pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to make any Loan and
(ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. 

(B) The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if,
such Loan were made by such Granting Lender. 
 (C) Each party hereto hereby agrees that no SPC shall be liable for any
indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender). 

(D) In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this
Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against,
such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. 

(E) In addition, notwithstanding anything to the contrary contained in this
Section 11.06(b)(vii), any SPC may (i) with notice to, but without the prior written consent of, Holdings and the Administrative Agent and without paying any processing fee therefor, assign all or
a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to by Holdings and Administrative Agent) providing liquidity and/or credit support to or for the account of such SPC to support the funding or
maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit
or liquidity enhancement to such SPC; 
 (viii) No Assignment to Defaulting Lender. No such assignment shall be
made to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute a Defaulting Lender; and 

  
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 (ix) In connection with any assignment of rights and obligations of any
Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an
aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or sub-participations, or other compensating actions, including
funding, with the consent of Holdings and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably
consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, each L/C Issuer, each other Lender hereunder (and interest accrued thereon) and the Borrowers, and
(y) acquire (and fund as appropriate) its full pro rata share of all outstanding Term Loans and/or Revolving Credit Commitments, as applicable, and all participations in Letters of Credit. Notwithstanding the foregoing, in the event that any
assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting
Lender for all purposes of this Agreement until such compliance occurs. 
 (c) Register. The Administrative Agent, acting solely for
this purpose as a non-fiduciary agent of the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of
the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). Upon its receipt of, and consent to, a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, an Administrative Questionnaire completed in respect of the assignee (unless the
assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) above, if applicable, and the written consent of the Administrative Agent and, if required, Holdings and each L/C
Issuer to such assignment and any applicable tax forms, the Administrative Agent shall (i) accept such Assignment and Assumption and (ii) promptly record the information contained therein in the Register. No assignment shall be effective
unless it has been recorded in the Register as provided in this Section 11.06(c). The entries in the Register shall be conclusive, and the Borrowers, the Administrative Agent and the Lenders may treat
each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers, any
Lender (with respect to any entry relating to such Lender’s Commitment or Loans) and any L/C Issuer, at any reasonable time and from time to time upon reasonable prior notice. 

(d) Participations. 

(i) Any Lender may at any time, without the consent of, or notice to, the Borrowers or the Administrative Agent, sell
participations to any Person (other than a natural person (or a holding company, investment vehicle or trust for, or owned and operated by or for the primary benefit of one or more natural persons) or Holdings or any of its Affiliates or any
Restricted Subsidiary) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such
Lender’s participations in L/C Obligations) owing to it); provided that 
 (A) such Lender’s
obligations under this Agreement shall remain unchanged, 
 (B) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and 

  
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 (C) the Borrowers, the Administrative Agent, the Lenders and the L/C Issuers
shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 

(ii) Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall
retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other modification described in Section 11.01(b), (c), (d), (f) or (g) that
affects such Participant. 
 (iii) Subject to Section 11.06(e), the Borrowers
agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to Section 11.06(b). 
 (iv) To the extent permitted by
law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender, provided such Participant agrees to be subject to
Section 2.13 as though it were a Lender. 
 (v) Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and
stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or
any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any
Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) or Proposed Section 1.163-5(b) of the United States Treasury Regulations (or any amended or successor version). 

(vi) The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person
whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 

(e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under
Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with Holdings’ prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless Holdings is
notified of the participation sold to such Participant and such Participant agrees, for the benefit of the applicable, to comply with Section 11.14(a) as though it were a Lender. 

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

  
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 (g) As used herein, the following terms have the following meanings: 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 

“Eligible Assignee” means any Person that meets the requirements to be an assignee under Sections
11.06(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 11.06(b)(iii)). 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course. 
 (h)
Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping
of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in
any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

(i) Notwithstanding anything to the contrary set forth herein, any Lender may assign all or any portion of its Term Loans hereunder to
Holdings or any of its Subsidiaries, but only if: 
 (i) (A) such assignment is made pursuant to a Dutch Auction open to all
Lenders holding Term Loans of the specified Tranche on a pro rata basis or (B) such assignment is made as an open market purchase; 

(ii) no Default or Event of Default has occurred and is continuing or would result therefrom; 

(iii) any such Term Loans shall be automatically and permanently cancelled immediately upon acquisition thereof by Holdings or
any of its Subsidiaries; and 
 (iv) Holdings and its Subsidiaries do not use the proceeds of any Revolving Credit Facility
(whether or not the Revolving Credit Facility has been increased pursuant to Section 2.14 or extended pursuant to Section 2.16) to acquire such Term Loans.

 11.07 Confidentiality. Each Agent, each Lender and each L/C Issuer agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed 
 (a) to its Affiliates and to its and its Affiliates’
respective partners, directors, trustees, officers, employees, agents, advisors (including accountants, legal counsel and other advisors) and representatives (it being understood that the Persons to whom such disclosure is made will be informed of
the confidential nature of such Information and instructed to keep such Information confidential); 
 (b) to the extent requested by any
regulatory authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners); 
 (c) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process; 

  
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 (d) to any other party to this Agreement; 

(e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this
Agreement, any suit, any other Loan Document or the enforcement of rights hereunder or thereunder; 
 (f) subject to an agreement containing
provisions substantially the same as those of this Section 11.07, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under
this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the obligations of the Loan Parties; 

(g) with the consent of the Borrowers; 

(h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this
Section 11.07 or (ii) becomes available to each Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a non-confidential basis from a
source other than the Borrowers; or 
 (i) to any rating agency when required by it (it being understood that, prior to any such disclosure,
such rating agency shall undertake to preserve the confidentiality of any Information relating to the Loan Parties received by it from such Lender). 
 In
addition, each Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers to each Agent and the Lenders
in connection with the administration, settlement and management of this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions. “Information” means all information received from any Loan Party or any
Restricted Subsidiary relating to any Loan Party or any Restricted Subsidiary or their respective businesses, other than any such information that is available to any Agent, any Lender or any L/C Issuer on a
non-confidential basis prior to disclosure by any Loan Party or any Restricted Subsidiary, provided that, in the case of information received from any Loan Party or any Restricted Subsidiary
after the Closing Date, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this
Section 11.07 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person
would accord to its own confidential information. 
 Each Agent, each Lender and each L/C Issuer acknowledges that (a) the Information
may include material non-public information concerning a Borrower or any of its Subsidiaries, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including federal and state securities Laws.

 11.08 Setoff. In addition to any rights and remedies of the Lenders provided by law, upon the occurrence and during
the continuance of any Event of Default and the making of the request or the granting of the consent specified by Section 9.02 to authorize the Administrative Agent to declare the Loans due and payable
pursuant to the provisions of Section 9.02, each Lender and each of their respective Affiliates is authorized at any time and from time to time, without prior notice to any Loan Party, any such notice
being waived by each Loan Party to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other Indebtedness at any time owing by, such
Lender to or for the credit or the account of the respective Loan Parties against any and all Obligations owing to such Lender hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or not the Administrative
Agent or such Lender shall 

  
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have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable
deposit or Indebtedness. Each Lender agrees promptly to notify the Borrowers and the Administrative Agent after any such set-off and application made by such Lender; provided,
however, that the failure to give such notice shall not affect the validity of such setoff and application. The rights of the Administrative Agent and each Lender and their respective Affiliates under this
Section 11.08 are in addition to other rights and remedies (including, without limitation, other rights of setoff) that the Administrative Agent, such Lender and their respective Affiliates may have.

 11.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the
interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the
Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In
determining whether the interest contracted for, charged, or received by an Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an
expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated
term of the Obligations hereunder. 
 11.10 Counterparts. This Agreement and each other Loan Document may be executed
in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. To the extent permitted under applicable law, delivery by telecopier or
e-mail of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of an original executed counterpart of this Agreement and such other Loan
Document. The Administrative Agent may also require that any such documents and signatures delivered by telecopier be confirmed by a manually-signed original thereof; provided that the failure to request or deliver the same shall not
limit the effectiveness of any document or signature delivered by telecopier. 
 11.11 Integration. This Agreement,
together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any
conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Agents or the
Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party,
but rather in accordance with the fair meaning thereof. 
 11.12 Survival of Representations and Warranties. All
representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such
representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the
Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or
unsatisfied or any Letter of Credit shall remain outstanding. 

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

11.14 Tax Forms.  

(a) (i) Each Lender with respect to a Loan or Commitment extended to a US Borrower, if such Lender is not a “United States person”
within the meaning of Section 7701(a)(30) of the Code (a “Foreign Lender”) shall, to the extent it is legally able to do so, deliver to the Administrative Agent and the Borrowers, prior to receipt of any payment subject
to withholding under the Code (or upon accepting an assignment of an interest herein), two duly signed completed copies of either IRS Form W-8BEN or IRS Form W-8BEN-E or any successor thereto (relating to such Foreign Lender and entitling it to an exemption from, or reduction of, withholding tax on payments to be made to such Foreign Lender by the Borrowers
pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto (relating to payments to be made to such Foreign Lender by the Borrowers pursuant to this Agreement) or such other applicable evidence
satisfactory to the Borrowers and the Administrative Agent that such Foreign Lender is entitled to an exemption from, or reduction of, U.S. withholding tax (including, in the case of a Foreign Lender claiming any exemption pursuant to
Section 881(c) of the Code, a certificate to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrowers within the
meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” related to any Borrower described in Section 881(c)(3)(C) of the Code) (each a “Tax Compliance Certificate”). 

(ii) Each Foreign Lender with respect to a Loan or Commitment extended to a US Borrower, to the extent it does not act or ceases to act for
its own account with respect to any portion of any sums paid or payable to such Lender under any of the Loan Documents (for example, in the case of a typical participation by such Lender), shall, to the extent that it is legally able to do so,
deliver to the Administrative Agent and the Borrowers on the date when such Foreign Lender ceases to act for its own account with respect to any portion of any such sums paid or payable, and at such other times as may be necessary in the
determination of the Administrative Agent and the Borrowers (in the reasonable exercise of their discretion), (A) two duly signed completed copies of the forms or statements required to be provided by such Lender as set forth above, to establish the
portion of any such sums paid or payable with respect to which such Lender acts for its own account that is not subject to U.S. withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY
(or any successor thereto), together with IRS Form W-8ECI, IRS Form W-8BEN, IRS Form
W-8BEN-E, Tax Compliance Certificates and/or any other certificate or statement of exemption from each beneficial owner required under the Code, as applicable. 

(b) Each Lender with respect to a Loan or Commitment extended to a US Borrower that is a “United States person” within the meaning
of Section 7701(a)(30) of the Code shall deliver to the Administrative Agent two duly signed completed copies of IRS Form W-9 or otherwise establish an exemption from United States back-up withholding tax. 
 (c) If a payment made to a Lender under any Loan Document would be subject to
U.S. federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall
deliver to the Borrowers and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrowers or the Administrative Agent such documentation prescribed by applicable law (including as
prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the 

  
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Borrowers or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with their obligations under FATCA and to determine whether such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this Section 11.14(c), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement. 
 (d) To the extent required by any applicable Laws, the
Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding tax. Without limiting or expanding the provisions of Section 3.01(c), each Lender
shall indemnify and hold harmless the Administrative Agent against, and shall make payable in respect thereof (but only to the extent that the Loan Party has not already indemnified the Administrative Agent for any
Non-Excluded Taxes pursuant to Section 3.01 and without limiting the obligation of the Loan Party to do so) within 10 days after demand therefor, any and all
taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the IRS or any other
Governmental Authority as a result of the failure of the Administrative Agent to properly withhold tax from amounts paid to or for the account of such Lender for any reason (including, without limitation, because the appropriate form was not
delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax ineffective). A certificate as to the amount of such
payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender
under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 11.14(d). The agreements in this
Section 11.14(d) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Total Revolving Credit
Commitments, repayment, satisfaction or discharge of all other Obligations hereunder and the resignation of the Administrative Agent. 
 (e)
Each Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments hereunder shall deliver to the Borrowers, at the time or times reasonably requested by the Borrowers, such properly completed and executed
documentation reasonably requested by the Borrowers as will permit such payments to be made without withholding or at a reduced rate of withholding. Notwithstanding the foregoing, the completion, execution and submission of such documentation shall
not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such
Lender. 
 (f) Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any
respect, it shall update such form or certification or promptly notify the Administrative Agent and the Borrowers in writing of its legal inability to do so. 

11.15 Replacement of Lenders.  

(a) Under any circumstances set forth herein providing that the Borrowers shall have the right to replace a Lender as a party to this
Agreement, the Borrowers may, upon notice to such Lender and the Administrative Agent, replace such Lender by causing such Lender to assign all of its interests, rights and obligations, with the assignment fee to be paid by the Borrowers in such
instance, pursuant to Section 11.06(b) to one or more other Lenders or Eligible Assignees procured by the Borrowers; provided, however, that if the Borrowers elect to
exercise such right with respect to (i) any Lender pursuant to Section 3.06(b), it shall be obligated to replace all Lenders that have made similar requests for compensation pursuant to
Section 3.01 or 3.04 or (ii) any Non-Consenting Lender, the applicable assignee shall have agreed to the applicable change, waiver, discharge
or termination of this Agreement and/or the other Loan Documents. 

  
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 (b) The Borrowers shall 

(x) pay in full all principal, interest, fees and other amounts owing to such Lender through the date of replacement (including
any amounts payable pursuant to Section 3.05 or 2.05(a)(iv), as applicable), 

(y) provide appropriate assurances and indemnities (which may include letters of credit) to each L/C Issuer as it may
reasonably require with respect to any continuing obligation to fund participation interests in any L/C Obligations then outstanding, and 

(z) release such Lender from its obligations under the Loan Documents. 

(c) Any Lender being replaced shall execute and deliver an Assignment and Assumption with respect to such Lender’s Commitment and
outstanding Loans and participations in L/C Obligations. 
 (d) Each Lender hereby grants to the Administrative Agent an irrevocable power
of attorney (which power is coupled with an interest) to execute and deliver, on behalf of such Lender as assignor, any Assignment and Assumption necessary to effectuate any assignment of such Lender’s interests hereunder in the circumstances
contemplated by this Section 11.15. 
 11.16 Governing Law.  

(a) THIS AGREEMENT AND ANY OTHER LOAN DOCUMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF
A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY INTERESTS). 

(b) EACH LOAN PARTY HEREBY, EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF
ANY NEW YORK STATE COURT OR FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE OTHER LOAN DOCUMENTS, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH PARTY HERETO IRREVOCABLY WAIVES (I) ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS,
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO AND (II) THEIR RIGHTS TO ANY OTHER JURISDICTION THAT MAY APPLY BY VIRTUE OF
THEIR PRESENT OR ANY OTHER FUTURE DOMICILE OR FOR ANY OTHER REASON. EACH PARTY HERETO WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 

  
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 (c) EACH LOAN PARTY HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS CORPORATION SERVICE
COMPANY WITH OFFICES ON THE DATE HEREOF IN NEW YORK, NEW YORK (OR SUCH OTHER AGENT TO RECEIVE SERVICE OF PROCESS IN NEW YORK, NEW YORK AS IS REASONABLY ACCEPTABLE TO THE ADMINISTRATIVE AGENT), AS ITS DESIGNEE, APPOINTEE AND AGENT TO RECEIVE, ACCEPT
AND ACKNOWLEDGE FOR AND ON ITS BEHALF, AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS WHICH MAY BE SERVED IN ANY SUCH ACTION OR PROCEEDING. IF FOR ANY REASON SUCH DESIGNEE, APPOINTEE, AND AGENT
SHALL CEASE TO BE AVAILABLE TO ACT AS SUCH, EACH LOAN PARTY AGREES TO DESIGNATE A NEW DESIGNEE, APPOINTEE AND AGENT IN NEW YORK ON THE TERMS AND FOR THE PURPOSES OF THIS PROVISION SATISFACTORY TO THE ADMINISTRATIVE AGENT UNDER THIS AGREEMENT. EACH
LOAN PARTY FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH LOAN PARTY AT ITS
ADDRESS SET FORTH ON SCHEDULE 11.02, SUCH SERVICE TO BECOME EFFECTIVE 10 DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT UNDER THIS AGREEMENT, ANY LENDER OR THE HOLDER OF ANY NOTE TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE BORROWERS IN ANY OTHER JURISDICTION. 

11.17 Binding Effect. This Agreement shall become effective when it shall have been executed by each of the parties
hereto and thereafter shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns, except that the Loan Parties shall not have the right to assign their rights hereunder or any interest
herein without the prior written consent of the Administrative Agent, the L/C Issuers and the Lenders. 
 11.18 Waiver of Right
to Trial by Jury. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND
THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 11.19 USA PATRIOT
Act Notice. The Administrative Agent (for itself and not on behalf of any Lender) and each Lender hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L.
107-56 (signed into law on October 26, 2001)) (the “Patriot Act”) and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies
each Loan Party, which information includes the name and address of each Loan Party and other information that will allow the Administrative Agent or such Lender, as applicable, to identify each Loan Party in accordance with the Patriot Act and the
Beneficial Ownership Regulation. 

  
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 11.20 Waiver of Notice of Termination. Those Lenders party hereto which
are also party to the Existing Credit Agreement hereby waive any prior notice requirement under the Existing Credit Agreement with respect to the termination of commitments thereunder and the making of any prepayments thereunder. 

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

11.22 Joint and Several Obligations. Each Borrower is accepting joint and several liability hereunder and under the other
Loan Documents, the Secured Hedge Agreements and the Secured Treasury Management Agreements in consideration of the financial accommodation to be provided by the Lenders, the L/C Issuers, any Agent, Arranger, the 2020 Incremental Lead Arrangers, the 2021 Incremental Lead Arrangers or Lender or any Affiliate of any of the foregoing and the
Hedge Banks under this Agreement, the other Loan Documents, the Secured Hedge Agreements and the Secured Treasury Management Agreements, for the mutual benefit, directly and indirectly, of the other Borrower and in consideration of the undertakings
of the other Borrower to accept joint and several liability for such Borrower. Each Borrower jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a
co-debtor, joint and several liability with the other Borrower with respect to the payment and performance of all of the Obligations, it being the intention of the parties hereto that all the Obligations shall
be the joint and several obligations of each of the Borrowers without preferences or distinction between them. If and to the extent that any Borrower shall fail to make any payment with respect to any Obligation as and when due or to perform any
Obligation in accordance with the terms thereof, then in each such event, the other Borrower will make such payment with respect to, or perform, such Obligation. The obligations of each Borrower under the provisions of this
Section 11.22 constitute full recourse obligations of such Borrower, enforceable against it to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of
this Agreement or any other circumstances whatsoever. 
 Except as otherwise expressly provided herein, each Borrower hereby waives, to the
extent permitted by applicable law, notice of acceptance of its joint and several liability. Except as otherwise expressly provided herein, each Borrower hereby waives, to the extent permitted by law, notice of any Loan made under this Agreement,
notice of occurrence of any Default or Event of Default or of any demand for any payment under this Agreement, notice of any action at any time taken or omitted by any Lender under or in respect of any of the Obligations, any requirement of
diligence and, generally, all demands, notices and other formalities of every kind in connection with this Agreement. Each Borrower hereby assents to, and waives notice of, to the extent permitted by applicable law, any extension or postponement of
the time for the payment of any Obligation, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by any Lender at any time or times in respect of any default by the other Borrower in the performance or
satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by any Lender in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in part, at any
time or times, of any security for any Obligation or the addition, substitution or release, in whole or in part, of the other Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in acting or
failure to act on the part of any Lender, including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with the applicable laws or regulations thereunder which might, but for the
provisions of this Section 11.22, afford grounds for terminating, discharging or relieving such Borrower, in whole or in part, from any of its obligations under this
Section 11.22, it being the intention of each Borrower that, so long as any Obligation remains unsatisfied, the obligations of such Borrower under this
Section 11.22 shall not be discharged except by performance or payment and then only to the extent of such performance or payment. The obligations of each Borrower under this
Section 11.22 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower or any
Lender. The joint and several liability of the Borrowers hereunder shall continue in full force and effect notwithstanding any absorption, merger, amalgamation or any other change whatsoever in the name, membership, constitution or place of
formation of any Borrower or any Lender. 

  
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 The provisions of this Section 11.22 are made
solely for the benefit of the Administrative Agent and the other Secured Parties and their respective successors and assigns, and may be enforced by any such Person from time to time against any Borrower as often as occasion therefor may arise and
without requirement on the part of the Administrative Agent or any other Secured Party first to marshal any of its claims or to exercise any of its rights against the other Borrower or to exhaust any remedies available to it against the other
Borrower or to resort to any other source or means of obtaining payment of any Obligation or to elect any other remedy. If at any time, any payment, or any part thereof, made in respect of any Obligation, is rescinded or must otherwise be
restored or returned by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 11.22 will
forthwith be reinstated in effect, as though such payment had not been made. 
 Notwithstanding any provision to the contrary contained
herein or in any other Loan Document, to the extent the joint and several obligations of any Borrower shall be adjudicated to be invalid or unenforceable for any reason (including because of any applicable state, provincial or federal law relating
to fraudulent conveyances or transfers) then the obligations of such Borrower hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal, state or provincial and including, without limitation,
Title 11 of the United States Code, as now constituted or hereafter amended, or any other Debtor Relief Laws), after taking into account, among other things, such Borrower’s right of contribution and indemnification from each other Loan
Party under applicable law. 
 11.23 Judgment Currency.  

(a) The obligations of the Borrowers or any Additional Borrower under the Loan Documents to make payments in Dollars or an Alternative
Currency, as the case may be (the “Obligation Currency”), shall not be discharged or satisfied by any tender or recovery pursuant to any judgment expressed in or converted into any currency other than the Obligation Currency,
except to the extent that such tender or recovery results in the effective receipt by the Administrative Agent or a Lender of the full amount of the Obligation Currency expressed to be payable to the Administrative Agent or Lender under the Loan
Documents. If, for the purpose of obtaining or enforcing judgment against any Loan Party in any court or in any jurisdiction, it becomes necessary to convert into or from any currency other than the Obligation Currency (such other currency being
hereinafter referred to as the “Judgment Currency”) an amount due in the Obligation Currency, the conversion shall be made, at the Dollar Equivalent of such amount, in each case, as of the date immediately preceding the day
on which the judgment is given (such Business Day being hereinafter referred to as the “Judgment Currency Conversion Date”). 

(b) If there is a change in the rate of exchange prevailing between the Judgment Currency Conversion Date and the date of actual payment of
the amount due, the Borrowers covenant and agree to pay, or cause to be paid, such additional amounts, if any (but in any event not a lesser amount), as may be necessary to ensure that the amount paid in the Judgment Currency, when converted at the
rate of exchange prevailing on the date of payment, will produce the amount of the Obligation Currency which could have been purchased with the amount of Judgment Currency stipulated in the judgment or judicial award at the rate of exchange
prevailing on the Judgment Currency Conversion Date. The Borrower shall indemnify and save the Administrative Agent and the Lenders harmless from and against all loss or damage arising as a result of such deficiency. This indemnity shall constitute
an obligation separate and independent from the other obligations contained in this Agreement and the other Loan Documents, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by the
Administrative Agent from time to time and shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due under this Agreement or any other Loan Document or under any judgment or order.

  
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 For purposes of determining the Dollar Equivalent, such amounts shall include any premium
and costs payable in connection with the purchase of the Obligation Currency. 
 11.24 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary set forth in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority
and agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by the
applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 
 (iii) (iii) the variation of the terms of such
liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority. 
 11.25
Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Secured Hedge Agreements or any other agreement or instrument that is a QFC (such support,
“QFC Credit Support” and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the
Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such
Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any
other state of the United States): 
 (a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC
Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents 

  
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that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default
Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and
agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

(b) As used in this Section 11.25, the following terms have the following meanings: 

(i) “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and
interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 (ii) “Covered Entity” means any
of the following: 
 (A) a “covered entity” as that term is defined in, and interpreted in accordance with, 12
C.F.R. § 252.82(b); 
 (B) a “covered bank” as that term is defined in, and interpreted in accordance with,
12 C.F.R. § 47.3(b); or 
 (C) a “covered FSI” as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 382.2(b). 
 (iii) “Default Right” has the meaning assigned to that term
in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 (iv)
“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 

11.26 Canadian AML Legislation. 

(a) Each Canadian Loan Party acknowledges that, pursuant to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act
(Canada) and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” Laws, whether within Canada or elsewhere (collectively, including any
guidelines or orders thereunder, “AML Legislation”), the Lenders and the Administrative Agent may be required to obtain, verify and record information regarding the Borrowers, their directors, authorized signing officers,
direct or indirect shareholders or other Persons in control of such Borrower, and the transactions contemplated hereby. Each Canadian Loan Party shall promptly provide all such information, including supporting documentation and other evidence, as
may be reasonably requested by any Lender or the Administrative Agent, or any prospective assign or participant of a Lender or the Administrative Agent, in order to comply with any applicable AML Legislation, whether now or hereafter in existence.

 (b) If the Administrative Agent has ascertained the identity of a Canadian Loan Party or any authorized signatories of such Canadian Loan
Party for the purposes of applicable AML Legislation, then the Administrative Agent: 
 (i) shall be deemed to have done so
as an agent for each Lender, and this Agreement shall constitute a “written agreement” in such regard between each Lender and the Administrative Agent within the meaning of applicable AML Legislation; and 

  
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 (ii) shall provide to each Lender copies of all information obtained in such
regard without any representation or warranty as to its accuracy or completeness. 
 Notwithstanding the preceding sentence and except as may otherwise be
agreed in writing, each of the Lenders agrees that the Administrative Agent has no obligation to ascertain the identity of a Canadian Loan Party or any authorized signatories of such Canadian Loan Party on behalf of any Lender, or to confirm the
completeness or accuracy of any information it obtains from such Canadian Loan Party or any such authorized signatory in doing so. 

[Remainder of page intentionally left blank] 

  
 209EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 1 TO THE CREDIT AGREEMENT 

AMENDMENT NO. 1 TO THE CREDIT AGREEMENT, dated as of December 16, 2021 (this “Amendment No. 1”),
among HILTON GRAND VACATIONS BORROWER LLC, a Delaware limited liability company (the “Company”), HILTON GRAND VACATIONS PARENT LLC, a Delaware limited liability company (“Parent”), the other guarantors party hereto
(the “Guarantors”), BANK OF AMERICA, N.A. as Administrative Agent (in such capacity, the “Administrative Agent”), Collateral Agent, an L/C Issuer and the Swing Line Lender, and the 2021 Revolving Credit Lenders (as
defined herein). Each capitalized term used herein and not otherwise defined herein shall have the same meaning as specified in the Amended Credit Agreement (as defined below). 

PRELIMINARY STATEMENTS: 

(1) The Company, the Parent, the Guarantors, the Administrative Agent and the lenders party thereto are party to that certain
Credit Agreement, dated as of August 2, 2021 (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”; as amended by this Amendment No. 1, the “Amended Credit
Agreement”). 
 (2) Pursuant to Section 2.14 of the Credit Agreement, the Company may from time to time request
Incremental Revolving Credit Commitments, subject to the terms and conditions set forth therein. 
 (3) The Company has
requested that the Lenders party hereto as “2021 Revolving Credit Lenders” (each a “2021 Revolving Credit Lender”) provide “Incremental Revolving Credit Commitments” pursuant to Section 2.14 of the Credit
Agreement in an aggregate principal amount of $1,000,000,000 (such Incremental Revolving Credit Commitments in such principal amount referred to herein as the “2021 Revolving Credit Commitments”). 

(4) Each 2021 Revolving Credit Lender is willing, subject to the terms and applicable conditions set forth herein and in the
Amended Credit Agreement, to make available to the Company 2021 Revolving Credit Commitments in an aggregate principal amount set forth opposite its name under the column entitled “2021 Revolving Credit Commitment” in Schedule 1 attached
hereto. 
 (5) Pursuant to Section 2.14 of the Credit Agreement, the Company, each 2021 Revolving Credit Lender and the
Administrative Agent may enter into an Incremental Amendment which Incremental Amendment may, without the consent of any other Agent or Lender, amend the Credit Agreement and any other Loan Documents as may be necessary or appropriate, in the
reasonable opinion of the Administrative Agent and the Company, to effect the provisions of Section 2.14 of the Credit Agreement. 

Therefore, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree
as follows: 
 SECTION 1. Amendments to Credit Agreement. Effective as of the Amendment No. 1 Effective Date (as
defined below) and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof: 
 (a) the
Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the pages of the Credit
Agreement attached as Annex A hereto; 
 (b) Schedule 1.01A to the Credit Agreement is hereby amended and restated in
its entirety as set forth in Annex B hereto; 

 (c) a new Schedule 1.01H is hereby added to the Credit Agreement as set
forth in Annex C hereto; 
 (d) Exhibit A to the Credit Agreement is hereby amended and restated in its entirety as set forth
in Annex D hereto; 
 (e) a new Exhibit B is hereby added to the Credit Agreement as set forth in Annex E hereto; 

(f) a new Exhibit C is hereby added to the Credit Agreement as set forth in Annex F hereto; and 

(g) a new Exhibit D-2 is hereby added to the Credit Agreement as set forth in Annex G hereto. 

SECTION 2. 2021 Revolving Credit Commitments. The Company, each 2021 Revolving Credit Lender and the Administrative
Agent hereby agree that: 
 (a) this Amendment No. 1 is an Incremental Amendment referred to in Section 2.14 of the
Credit Agreement; 
 (b) the 2021 Revolving Credit Commitments provided pursuant to this Amendment shall constitute
Incremental Revolving Credit Commitments referred to in Section 2.14 of the Credit Agreement; 
 (c) on and after the
Amendment No. 1 Effective Date, (i) each 2021 Revolving Credit Lender hereby agrees to provide 2021 Revolving Credit Commitments in an aggregate principal amount set forth opposite its name under the column entitled “2021 Revolving
Credit Commitments” in Schedule 1 attached hereto and (ii) Bank of America, N.A. hereby agrees to act as an L/C Issuer and the Swing Line Lender, in each case, pursuant to and subject to the terms and conditions set forth in the Amended
Credit Agreement; 
 (d) this Amendment No. 1 shall constitute the notice with respect to the establishment of an
Incremental Term Facility required pursuant to Section 2.14(a) of the Credit Agreement; and 
 (e) each 2021 Revolving
Credit Lender agrees, from and after the Amendment No. 1 Effective Date, that each Existing Letter of Credit shall be deemed to be outstanding under the Amended Credit Agreement and each 2021 Revolving Credit Lender shall be deemed, and hereby
irrevocably and unconditionally agrees, to purchase risk participations in each such Existing Letter of Credit, ratably in accordance with such 2021 Revolving Credit Lender’s 2021 Revolving Credit Commitments immediately after giving effect to
this Amendment No. 1. 
 SECTION 3. Conditions of Effectiveness to Amendment No. 1. This Amendment
No. 1 shall become effective on the date (the “Amendment No. 1 Effective Date”) when, and only when, the following conditions shall have been satisfied, except as otherwise agreed between the Company and the Administrative
Agent: 
 (a) The Administrative Agent shall have received the following, each of which shall be originals or pdf copies or
other facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of HGVI or the signing Loan Party, as applicable, each in form and substance reasonably satisfactory to the Administrative
Agent and its legal counsel: 
 (i) counterparts of this Amendment No. 1 executed by HGVI, each Loan
Party and each 2021 Revolving Credit Lender; 

  
 2 

 (ii) such certificates of good standing (to the extent such
concept exists) from the applicable secretary of state of the state of organization of HGVI and each Loan Party, certificates or memorandums and articles of incorporation, certificates of limited partnership or certificates of formation, including
all amendments thereto, of HGVI and each Loan Party, certified (as of a recent date), if applicable, by the Secretary of State (or other similar official) of the jurisdiction of its organization or incorporation, as the case may be (or a
certification from a Responsible Office of the Company that there have been no changes to such documents delivered to the Administrative Agent on the Closing Date, except as otherwise attached to such certificate and certified therein as being the
only amendments thereto as of such date), certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of HGVI and each Loan Party as the Administrative Agent may reasonably require
evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment No. 1 and the other Loan Documents to which HGVI or such Loan Party is a party or
is to be a party on the Closing Date (or a certification from a Responsible Officer of the Company that since the Closing Date there have been no changes to the incumbency certificates of the officers of the Loan Parties delivered to the
Administrative Agent on the Closing Date); 
 (iii) an opinion from (x) Simpson Thacher &
Bartlett LLP, New York counsel to HGVI and the Loan Parties and (y) Greenberg Traurig, LLP, special Florida, Arizona and Nevada counsel to the Loan Parties; 

(iv) a solvency certificate from the chief financial officer, chief accounting officer or other officer with
equivalent duties of the Company (after giving effect to the incurrence of the 2021 Revolving Credit Commitments) substantially in the form attached as Exhibit E-2 to the Credit Agreement; and 

(v) a certificate, dated the Amendment No 1 Effective Date and signed by a Responsible Officer of the Company,
certifying on behalf of the Company as to clauses (d) and (e) in Section 4 below. 
 (b) The Administrative
Agent shall have received, at least three Business Days prior to the Amendment No. 1 Effective Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money
laundering rules and regulations, including, without limitation, the USA PATRIOT Act and the Beneficial Ownership Regulation, that the Administrative Agent has requested at least ten Business Days prior to the Amendment No. 1 Effective Date.

 (c) The Administrative Agent shall have received evidence of payment of (i) all reasonable and documented
out-of-pocket costs and expenses due to the Administrative Agent in accordance with Section 10.04 of the Credit Agreement and to the extent invoiced at least three (3) Business Days prior to the Amendment No. 1 Effective Date for
which, in the case of expenses, reasonably detailed invoices have been presented and (ii) all fees required to be paid on the Amendment No. 1 Effective Date pursuant to (x) that certain engagement letter, dated as of November 19,
2021, between BofA Securities, Inc. and the Company and (y) any “Fee Letter” referred to therein. 
 (d) The
Amendment No. 1 Refinancing shall have occurred prior to or substantially concurrently with the occurrence of the Amendment No. 1 Effective Date. 

SECTION 4. Representations and Warranties. Each Loan Party and HGVI represents and warrants to the Administrative Agent
and the Lenders that on and as of the Amendment No. 1 Signing Date: 
 (a) Each Loan Party and HGVI (i) is a Person
duly organized or formed, validly existing and in good standing (where relevant) under the Laws of the jurisdiction of its incorporation or organization and (ii) has all requisite power and authority to execute and deliver this Amendment
No. 1 and perform its obligations under this Amendment No. 1 and the other Loan Documents to which it is a party, except in respect of clause (i) of this Section 4(a) (other than with respect to the Company), to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect. 

  
 3 

 (b) The execution and delivery by each Loan Party and HGVI of this Amendment
No. 1 and the performance under this Amendment No. 1, are within HGVI’s or such Loan Party’s corporate or other powers and have been duly authorized by all necessary corporate or other organizational action, and do not
(i) contravene the terms of any of such Person’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under (other than as permitted by Section 7.01 of the Credit
Agreement), or require any payment to be made under (x) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (y) any material order, injunction,
writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject or (iii) violate any applicable Law, except with respect to any conflict, breach or contravention or payment (but not creation of
Liens) referred to in clause (ii)(x), to the extent that such violation, conflict, breach, contravention or payment could not reasonably be expected to have a Material Adverse Effect. 

(c) This Amendment No. 1 has been duly executed and delivered by HGVI and each Loan Party that is party hereto. This
Amendment No. 1 constitutes, a legal, valid and binding obligation of HGVI and such Loan Party, enforceable against HGVI and such Loan Party that is party hereto in accordance with its terms, except as such enforceability may be limited by
(i) Debtor Relief Laws and by general principles of equity, (ii) the need for filings, recordations and registrations necessary to perfect the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties and
(iii) the effect of foreign Laws, rules and regulations as they relate to pledges, if any, of Equity Interests in Foreign Subsidiaries. 

(d) The representations and warranties of each Loan Party set forth in Article V of the Amended Credit Agreement and in each
other Loan Document are true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” are true and correct in all respects as so
qualified) on and as of the Amendment No. 1 Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case they are true and
correct in all material respects as of such earlier date. 
 (e) No Event of Default has occurred and is continuing or exists
after giving effect to the 2021 Revolving Credit Commitments. 
 SECTION 5. Reference to and Effect on the Credit
Agreement and the Loan Documents.  
 (a) On and after the Amendment No. 1 Effective Date, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Loan Documents to “the Credit
Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment No. 1. This Amendment No. 1
constitutes a “Loan Document” under and for all purposes of the Loan Documents. 
 (b) The Credit Agreement, as
specifically amended by this Amendment No. 1, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Collateral Documents and all of the
Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents, in each case as amended by this Amendment No. 1. 

  
 4 

 (c) The execution, delivery and effectiveness of this Amendment No. 1
shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

(d) Each Loan Party (and in the case of clause (iii) below, HGVI) hereby (i) ratifies and reaffirms all of its
payment and performance obligations, contingent or otherwise, under each of the Loan Documents to which it is a party, (ii) ratifies and reaffirms each grant of a lien on, or security interest in, its property made pursuant to the Loan
Documents (including, without limitation, the grant of security made by such Loan Party pursuant to the Security Agreement) and confirms that such liens and security interests continue to secure the Obligations under the Loan Documents, subject to
the terms thereof and (iii) in the case of each Guarantor, ratifies and reaffirms its guaranty of the Obligations pursuant to the Guaranty. 

(e) This Amendment No. 1 shall not extinguish the Obligations for the payment of money outstanding under the Credit
Agreement or discharge or release the lien or priority of any Loan Document or any other security therefor or any guarantee thereof, and the liens and security interests existing immediately prior to the Amendment No. 1 Effective Date in favor
of the Collateral Agent for the benefit of the Secured Parties securing payment of the Obligations are in all respects continuing and in full force and effect with respect to all Obligations. Except as expressly provided, nothing herein contained
shall be construed as a substitution or novation, or a payment and reborrowing, or a termination, of the Obligations outstanding under the Credit Agreement or instruments guaranteeing or securing the same, which shall remain in full force and
effect, except as modified hereby or by instruments executed concurrently herewith. Nothing expressed or implied in Amendment No. 1 or any other document contemplated hereby shall be construed as a release or other discharge of any Loan Party
under the Credit Agreement or any Loan Document from any of its obligations and liabilities thereunder, and except as expressly provided, such obligations are in all respects continuing with only the terms being modified as provided in this
Amendment No. 1. 
 SECTION 6. Execution in Counterparts. This Amendment No. 1 may be executed in any
number of counterparts and by different parties hereto in separate counterparts as necessary or convenient, including both paper and electronic counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute but one and the same agreement. This Amendment No. 1 and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Amendment
No. 1 (each an “Amendment Communication”), including Amendment Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each of the parties hereto
agrees that any Electronic Signature on or associated with any Amendment Communication shall be valid and binding on each of the parties hereto to the same extent as a manual, original signature, and that any Amendment Communication entered into by
Electronic Signature will constitute the legal, valid and binding obligation of each of the parties hereto enforceable against such party in accordance with the terms hereof to the same extent as if a manually executed original signature was
delivered. Any other Amendment Communication may be executed in any number of counterparts and by different parties thereto in separate counterparts as necessary or convenient, including both paper and electronic counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute but one and the same Amendment Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or
acceptance by each of the Loan Parties, the Administrative Agent and each of the Lenders of a manually signed paper Amendment Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed
Amendment Communication converted into another format for transmission, delivery and/or retention. Each of the Loan Parties, the Administrative Agent and each of the Lenders may, at its option, create one or more copies of any Amendment
Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document. All Amendment Communications
in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to
the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided, without limiting the
foregoing, (i) to the extent the Administrative Agent has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf
of any Loan party without further verification and (ii) upon the reasonable request of the Administrative Agent (on behalf of itself or any Lender), any Electronic Signature shall be promptly followed by such manually executed counterpart. For
purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 

  
 5 

 SECTION 7. Governing Law. THIS AMENDMENT NO. 1 SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. ANY LEGAL ACTION OR PROCEEDING ARISING UNDER THIS AMENDMENT NO. 1 OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT TO THIS AMENDMENT NO. 1, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN
DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AMENDMENT NO. 1, EACH LOAN PARTY, HGVI, THE ADMINISTRATIVE AGENT AND EACH LENDER PARTY HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE
COURTS AND AGREES THAT IT WILL NOT COMMENCE OR SUPPORT ANY SUCH ACTION OR PROCEEDING IN ANOTHER JURISDICTION. EACH LOAN PARTY, HGVI, THE ADMINISTRATIVE AGENT AND EACH LENDER PARTY HERETO IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO
THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AMENDMENT NO. 1 OR OTHER DOCUMENT RELATED HERETO. EACH PARTY
HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT NO. 1 IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN TELECOPIER OR OTHER ELECTRONIC TRANSMISSION) IN SECTION 10.02 OF THE
CREDIT AGREEMENT. NOTHING IN THIS AMENDMENT NO. 1 WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

SECTION 8. Waiver of Right to Jury Trial. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY TO THIS AMENDMENT NO. 1
HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AMENDMENT NO. 1 OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT TO THIS AMENDMENT NO. 1, OR THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AMENDMENT NO. 1 MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 8 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES
HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

  
 6 

 SECTION 9. Severability. If any provision of this Amendment
No. 1 is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Amendment No. 1 shall not be affected or impaired thereby. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK] 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment
No. 1 to be executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	HILTON GRAND VACATIONS BORROWER LLC
		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

	
	HILTON GRAND VACATIONS PARENT LLC
		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

	
	 HILTON GRAND VACATIONS INC., 

as a Guarantor and solely in respect of certain applicable provisions of Sections 4, 5 and 7 of this Amendment No. 1 and Article XI of the
Credit Agreement

		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 HILTON GRAND VACATIONS BORROWER INC.

	 48TH STREET HOLDING LLC

	 GRAND VACATIONS REALTY, LLC

	 GRAND VACATIONS TITLE, LLC

	 HILTON GRAND VACATIONS CLUB, LLC

	 HILTON GRAND VACATIONS COMPANY, LLC

	 HILTON GRAND VACATIONS FINANCING, LLC

	 HILTON GRAND VACATIONS MANAGEMENT, LLC

	 HILTON KINGSLAND 1, LLC

	 HILTON RESORTS CORPORATION

	 HILTON TRAVEL, LLC

	 HRC ISLANDER LLC

	 HILTON RESORTS MARKETING CORP.

	 2400 PRINCE EDWARD, LLC

	 CUSTOMER JOURNEY, LLC

	 KUPONO PARTNERS LLC

	 AB BLUE ACQUISITION, LLC

	 AHC PROFESSIONALS US MAJORITY, LLC

	 AHC PROFESSIONALS US MINORITY, LLC

	 CRESCENT ONE, LLC

	 DESTINATIONXCHANGE, LLC

	 DIAMOND ASIA DEVELOPMENT, INC.

	 DIAMOND RESORTS BEACH QUARTERS DEVELOPMENT, LLC

	 DIAMOND RESORTS BEACHWOODS DEVELOPMENT, LLC

	 DIAMOND RESORTS BOARDWALK DEVELOPMENT, LLC

	 DIAMOND RESORTS CALIFORNIA COLLECTION DEVELOPMENT, LLC

	 DIAMOND RESORTS CENTRALIZED SERVICES COMPANY

	 DIAMOND RESORTS CITRUS SHARE HOLDING, LLC

	 DIAMOND RESORTS CORAL SANDS DEVELOPMENT, LLC

	 DIAMOND RESORTS CORPORATION

	 DIAMOND RESORTS CYPRESS POINTE I DEVELOPMENT, LLC

	 DIAMOND RESORTS CYPRESS POINTE II DEVELOPMENT, LLC

	 DIAMOND RESORTS CYPRESS POINTE III DEVELOPMENT, LLC, as
Guarantors

		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 DIAMOND RESORTS DESERT ISLE DEVELOPMENT, LLC

	 DIAMOND RESORTS DEVELOPER AND SALES HOLDING COMPANY

	 DIAMOND RESORTS DPM DEVELOPMENT LLC

	 DIAMOND RESORTS EPIC MORTGAGE HOLDINGS, LLC

	 DIAMOND RESORTS FALL CREEK DEVELOPMENT, LLC

	 DIAMOND RESORTS FRANZ KLAMMER DEVELOPMENT, LLC

	 DIAMOND RESORTS GK DEVELOPMENT, LLC

	 DIAMOND RESORTS GRAND BEACH I DEVELOPMENT, LLC

	 DIAMOND RESORTS GRAND BEACH II DEVELOPMENT, LLC

	 DIAMOND RESORTS GREENSPRINGS DEVELOPMENT, LLC

	 DIAMOND RESORTS HAWAII COLLECTION DEVELOPMENT, LLC

	 DIAMOND RESORTS HILTON HEAD DEVELOPMENT, LLC

	 DIAMOND RESORTS HOLDINGS, LLC

	 DIAMOND RESORTS INTERNATIONAL CLUB, INC.

	 DIAMOND RESORTS INTERNATIONAL GOLF, LLC

	 DIAMOND RESORTS INTERNATIONAL MARKETING, INC.

	 DIAMOND RESORTS INTERNATIONAL MARKETING MEXICO, LLC

	 DIAMOND RESORTS INTERNATIONAL, LLC

	 DIAMOND RESORTS IW HOLDING COMPANY

	 DIAMOND RESORTS IW RESORT OWNERSHIP U.S. CORPORATION

	 DIAMOND RESORTS IW TRADING COMPANY

	 DIAMOND RESORTS IW VENTURES, INC.

	 DIAMOND RESORTS KONA DEVELOPMENT, LLC

	 DIAMOND RESORTS KONA II DEVELOPMENT, LLC

	 DIAMOND RESORTS LAS VEGAS DEVELOPMENT, LLC

	 DIAMOND RESORTS MANAGEMENT & EXCHANGE HOLDING COMPANY, as
Guarantors

		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 DIAMOND RESORTS MANAGEMENT, INC.

	 DIAMOND RESORTS MGV DEVELOPMENT, LLC

	 DIAMOND RESORTS MORTGAGE HOLDINGS, LLC

	 DIAMOND RESORTS MYSTIC DUNES DEVELOPMENT, LLC

	 DIAMOND RESORTS OCEAN BEACH CLUB DEVELOPMENT, LLC

	 DIAMOND RESORTS OCEANAIRE DEVELOPMENT, LLC

	 DIAMOND RESORTS PALM SPRINGS DEVELOPMENT, LLC

	 DIAMOND RESORTS POCO DIABLO DEVELOPMENT, LLC

	 DIAMOND RESORTS POIPU DEVELOPMENT, LLC

	 DIAMOND RESORTS POLO DEVELOPMENT, LLC

	 DIAMOND RESORTS PORT ROYAL DEVELOPMENT, LLC

	 DIAMOND RESORTS POWHATAN DEVELOPMENT, LLC

	 DIAMOND RESORTS RANCHO MANANA DEVELOPMENT, LLC

	 DIAMOND RESORTS REAL ESTATE ACADEMY, LLC

	 DIAMOND RESORTS RESIDUAL ASSETS DEVELOPMENT, LLC

	 DIAMOND RESORTS RESIDUAL ASSETS FINANCE, LLC

	 DIAMOND RESORTS RESIDUAL ASSETS M&E, LLC

	 DIAMOND RESORTS RIDGE ON SEDONA DEVELOPMENT, LLC

	 DIAMOND RESORTS RIDGE POINTE DEVELOPMENT, LLC

	 DIAMOND RESORTS RIVER CLUB DEVELOPMENT, LLC

	 DIAMOND RESORTS SAN LUIS BAY DEVELOPMENT, LLC

	 DIAMOND RESORTS SANTA FE DEVELOPMENT, LLC

	 DIAMOND RESORTS SAPPHIRE VALLEY DEVELOPMENT, LLC, as Guarantors

		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 DIAMOND RESORTS SCOTTSDALE DEVELOPMENT, LLC

	 DIAMOND RESORTS SEDONA SPRINGS DEVELOPMENT, LLC

	 DIAMOND RESORTS SEDONA SUMMIT DEVELOPMENT, LLC

	 DIAMOND RESORTS ST. CROIX DEVELOPMENT, LLC

	 DIAMOND RESORTS STEAMBOAT DEVELOPMENT, LLC

	 DIAMOND RESORTS TAHOE BEACH & SKI DEVELOPMENT, LLC

	 DIAMOND RESORTS TAHOE SEASONS DEVELOPMENT, LLC

	 DIAMOND RESORTS TETON CLUB DEVELOPMENT, LLC

	 DIAMOND RESORTS TURTLE CAY DEVELOPMENT, LLC

	 DIAMOND RESORTS U.S. COLLECTION DEVELOPMENT, LLC

	 DIAMOND RESORTS U.S. COLLECTION-HAWAII DEVELOPMENT, LLC

	 DIAMOND RESORTS VILLA MIRAGE DEVELOPMENT, LLC

	 DIAMOND RESORTS VILLAS OF SEDONA DEVELOPMENT, LLC

	 DIAMOND RESORTS WEST MAUI DEVELOPMENT, LLC

	 DIAMOND RESORTS, LLC

	 DPM ACQUISITION, LLC

	 DPM HOLDINGS, LLC

	 DPM RP SUBSIDIARY, LLC

	 EXTRAORDINARY ESCAPES CORPORATION

	 FOUR C’S HOSPITALITY, LLC

	 GALAXY EXCHANGE COMPANY

	 GEORGE ACQUISITION SUBSIDIARY, INC.

	 GRAND ESCAPES, LLC

	 HOSPITALITY MANAGEMENT AND CONSULTING SERVICE, L.L.C.

	 ILX ACQUISITION, INC.

	 ILX ACQUISITION, LLC

	 INTERNATIONAL TIMESHARES MARKETING, LLC

	 ISLAND ONE DEVELOPMENT, LLC

	 LAKE TAHOE RESORT PARTNERS, LLC

	 MAZATLAN DEVELOPMENT INC., as Guarantors

		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 MMG DEVELOPMENT CORP.

	 MYSTIC DUNES MYRTLE BEACH, LLC

	 MYSTIC DUNES, LLC

	 NAVIGO VACATION CLUB, INC.

	 POIPU RESORT PARTNERS, L.P.

	 RESORT MANAGEMENT INTERNATIONAL, INC.

	 RESORT VENTURES, L.P.

	 RESORTS DEVELOPMENT INTERNATIONAL, INC.

	 TEMPUS ACQUISITION, LLC

	 TEMPUS HOLDINGS, LLC

	 VACATION OTA, LLC

	 WEST MAUI RESORT PARTNERS, L.P.

	 WORLD DISCOVERY KIDS CLUB, LLC

	 DIAMOND RESORTS FINANCIAL SERVICES, INC.

	 BRIDGESPIRE FINANCIAL SERVICES, INC.

	 DIAMOND RESORTS HK, LLC

	 HK F&B SERVICES, LLC

	 DIAMOND RESORTS DAYTONA DEVELOPMENT, LLC

	 NEVADA HK F&B SERVICES, LLC

	 FLORIDA DIAMOND RESORTS MANAGEMENT, LLC

	 ISLAND ONE RESORTS MANAGEMENT CORPORATION

	 ISLAND ONE, INC.

	 DIAMOND RESORTS WAIKIKI DEVELOPMENT, LLC

	 DR MODERN SPA, LLC

	 AMBER GROUP, INC.

	 AMBER VACATION REALTY, INC.

	 AMBER VACATION REALTY OF TENNESSEE, INC.

	 POINCIANA VACATION RESORTS, INC.

	 SUNRISE RIDGE RESORT, INC.

	 DIAMOND RESORTS ST. LOUIS DEVELOPMENT, LLC

	 DIAMOND RESORTS KAHANA DEVELOPMENT, LLC

	 DIAMOND RESORTS REAL ESTATE ACADEMY-HAWAII, LLC

	 DIAMOND RESORTS RIVER CLUB MEMBERS, LLC

	 AMERISTATE TITLE, LLC, as Guarantors

		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	DIAMOND RESORTS CANADA RECEIVABLES, LLC
	DPM LOANCO, LLC
	 MYSTIC DUNES RECEIVABLES, LLC, as Guarantors

		
	 By:
	 	 /s/ Ben Loper

		 	 Name: Ben Loper

		 	 Title: Senior Vice President and Treasurer

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 GRAND VACATIONS SERVICES, LLC, as a Guarantor

		
	 By:
	 	 /s/ Charles Corbin

		 	 Name: Charles Corbin

		 	 Title: Executive Vice President and Secretary

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 AKGI-ST. MAARTEN N.V., as a Guarantor

		
	 By:
	 	 /s/ Alex Olsansky

		 	 Name: Alex Olsansky

		 	
Title: Vice President, Associate General Counsel and Assistant Secretary

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	DIAMOND RESORTS FINANCE HOLDING COMPANY, as a Guarantor
		
	 By:
	 	 /s/ Danielle Pafumi

		 	 Name: Danielle Pafumi

		 	 Title: Vice President and Secretary

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	BANK OF AMERICA, N.A.,
		 	 as the Administrative Agent, an L/C Issuer, the Swing Line Lender and a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Suzanne E. Pickett

		 	 Name: Suzanne E. Pickett

		 	 Title: Senior Vice President

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 Barclays Bank PLC,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Craig Malloy

		 	 Name: Craig Malloy

		 	 Title: Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH,
	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Philip Tancorra

		 	 Name: Philip Tancorra

		 	 Title: Vice President

		
	 By:
	 	 /s/ Jessica Lutrario

		 	 Name: Jessica Lutrario

		 	 Title: Associate

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 JPMorgan Chase Bank, N.A.,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Nadeige Dang

		 	 Name: Nadeige Dang

		 	 Title: Executive Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 MUFG Bank, Ltd.,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Deborah White

		 	 Name: Deborah White

		 	 Title: Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Daniel S. Dyer

		 	 Name: Daniel S. Dyer

		 	 Title: Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 Citizens Bank, N.A.,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Kyle Giesel

		 	 Name: Kyle Giesel

		 	 Title: Vice President

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 CREDIT SUISSE AG, Cayman Islands Branch,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Mikhail Faybusovich

		 	 Name: Mikhail Faybusovich

		 	 Title: Authorized Signatory

		
	 By:
	 	 /s/ Nawshaer Safi

		 	 Name: Nawshaer Safi

		 	 Title: Authorized Signatory

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	GOLDMAN SACHS BANK USA,
	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Rebecca Kratz

		 	 Name: Rebecca Kratz

		 	 Title: Authorized Signatory

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 Regions Bank,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Cheryl L. Shellhart

		 	 Name: Cheryl L. Shellhart

		 	 Title: Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 TRUIST BANK,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ J. Carlos Navarrete

		 	 Name: J. Carlos Navarrete

		 	 Title: Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 CIBC Bank USA,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Richard Laviña

		 	 Name: Richard Laviña

		 	 Title: Managing Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	FIFTH THIRD BANK, NATIONAL ASSOCIATION,
	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Knight D. Kieffer

		 	 Name: Knight D. Kieffer

		 	 Title: Managing Director

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 HSBC Bank USA, N.A.,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Jay Fort

		 	 Name: Jay Fort

		 	 Title: Senior Vice President

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 BANK OF HAWAII,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Terri L. Okada

		 	 Name: Terri L. Okada

		 	 Title: Senior Vice President

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 Comerica Bank,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Gerald R. Finney Jr.

		 	 Name: Gerald R. Finney Jr.

		 	 Title: Senior Vice President

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 
			
	 U.S. Bank National Association,

	 as a 2021 Revolving Credit Lender

		
	 By:
	 	 /s/ Steven L. Sawyer

		 	 Name: Steven L. Sawyer

		 	 Title: Senior Vice President

 [Signature Page to Amendment No. 1 to Credit Agreement] 

 Annex A 

[Attached] 

  

CREDIT AGREEMENT 
 Dated as of
August 2, 2021 

as amended by
Amendment No. 1, dated as of December 16, 2021 
 Among 

HILTON GRAND VACATIONS PARENT LLC 

as Parent, 
 HILTON GRAND VACATIONS
BORROWER LLC 
 as the Company, 

THE OTHER GUARANTORS PARTY HERETO FROM TIME TO TIME 

BANK OF AMERICA, N.A., 
 as
Administrative Agent and Collateral Agent 
 and 

THE LENDERS PARTY HERETO FROM TIME TO TIME 
  

 
 BOFA SECURITIES,
INC., 
 DEUTSCHE BANK SECURITIES INC. and 

BARCLAYS BANK PLC, 
 as Global
Coordinators, 
 BOFA SECURITIES, INC., 

DEUTSCHE BANK SECURITIES INC., 

BARCLAYS BANK PLC 
 CREDIT SUISSE
LOAN FUNDING, LLC, 
 JPMORGAN CHASE BANK, N.A., 

GOLDMAN SACHS BANK USA and 
 MUFG
BANK, LTD., 
 as Joint Bookrunners 

WELLS FARGO SECURITIES, LLC, 

CITIZENS BANK, N.A., 
 FIFTH THIRD
BANK, NATIONAL ASSOCIATION, 
 REGIONS CAPITAL MARKETS and 

MIZUHO BANK, LTD., 
 as Co-Managers

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE
I
	  			
	
DEFINITIONS AND ACCOUNTING
TERMS
	  	 	1	 
			
	
SECTION 1.01
	 	Defined Terms	  	 	1	 
	
SECTION 1.02
	 	Other Interpretive Provisions	  	 	6572	 
	
SECTION 1.03
	 	Accounting Terms	  	 	6672	 
	
SECTION 1.04
	 	Rounding; Certain Calculations	  	 	6773	 
	
SECTION 1.05
	 	References to Agreements, Laws, Etc.	  	 	6773	 
	
SECTION 1.06
	 	Times of Day	  	 	6773	 
	
SECTION 1.07
	 	Timing of Payment or Performance	  	 	6774	 
	
SECTION 1.08
	 	Reclassification	  	 	6774	 
	
SECTION 1.09
	 	Limited Condition Transactions	  	 	6874	 
	
SECTION 1.10
	 	Cumulative Credit Transactions	  	 	6975	 
	
SECTION 1.11
	 	Additional Approved Currencies	  	 	76	 
	
SECTION 1.12
	 	Interest Rates	  	 	76	 
		
	 ARTICLE
II
	  			
	 THE
COMMITMENTS AND CREDIT EXTENSIONS
	  	 	6977	 
			
	
SECTION 2.01
	 	The Loans	  	 	6977	 
	
SECTION 2.02
	 	Borrowings, Conversions and Continuations of Loans	  	 	6977	 
	
SECTION 2.03
	 	[Reserved]Letters of Credit	  	 	7179	 
	
SECTION 2.04
	 	[Reserved]Swing Line Loans	  	 	7188	 
	
SECTION 2.05
	 	Prepayments	  	 	7191	 
	
SECTION 2.06
	 	Termination or Reduction of Commitments	  	 	82103	 
	
SECTION 2.07
	 	Repayment of Loans	  	 	83103	 
	
SECTION 2.08
	 	Interest	  	 	83104	 
	
SECTION 2.09
	 	Fees	  	 	83104	 
	
SECTION 2.10
	 	Computation of Interest and Fees	  	 	83105	 
	
SECTION 2.11
	 	Evidence of Indebtedness	  	 	84105	 
	
SECTION 2.12
	 	Payments Generally; Agent’s Clawback	  	 	84106	 
	
SECTION 2.13
	 	Sharing of Payments	  	 	86108	 
	
SECTION 2.14
	 	Incremental Credit Extensions	  	 	87109	 
	
SECTION 2.15
	 	Refinancing Amendments	  	 	91114	 
	
SECTION 2.16
	 	Extension of Term Loans; Extension of Revolving Credit Loans	  	 	92115	 
	
SECTION 2.17
	 	Defaulting Lenders	  	 	95118	 
		
	 ARTICLE
III
	  			
	 TAXES,
INCREASED COSTS PROTECTION AND ILLEGALITY
	  	 	96120	 
			
	
SECTION 3.01
	 	Taxes	  	 	96120	 
	
SECTION 3.02
	 	Illegality	  	 	99123	 
	
SECTION 3.03
	 	Inability to Determine Rates	  	 	99123	 
	
SECTION 3.04
	 	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans	  	 	101126	 

  
 i 

							
	
SECTION 3.05
	 	Funding Losses	  	 	102127	 
	
SECTION 3.06
	 	Matters Applicable to All Requests for Compensation	  	 	103127	 
	
SECTION 3.07
	 	Replacement of Lenders under Certain Circumstances	  	 	103128	 
	
SECTION 3.08
	 	Survival	  	 	105130	 
		
	 ARTICLE
IV
	  			
	
CONDITIONS PRECEDENT TO CREDIT
EXTENSIONS
	  	 	105130	 
			
	
SECTION 4.01
	 	Conditions to Closing Date	  	 	105130	 
	
SECTION 4.02
	 	Conditions to All Subsequent Credit Extensions	  	 	107132	 
		
	 ARTICLE
V
	  			
	
REPRESENTATIONS AND
WARRANTIES
	  	 	108133	 
			
	
SECTION 5.01
	 	Existence, Qualification and Power; Compliance with Laws	  	 	108133	 
	
SECTION 5.02
	 	Authorization; No Contravention	  	 	108133	 
	
SECTION 5.03
	 	Governmental Authorization; Other Consents	  	 	108133	 
	
SECTION 5.04
	 	Binding Effect	  	 	109134	 
	
SECTION 5.05
	 	Financial Statements; No Material Adverse Effect	  	 	109134	 
	
SECTION 5.06
	 	Litigation	  	 	109135	 
	
SECTION 5.07
	 	[Reserved]	  	 	110135	 
	
SECTION 5.08
	 	Ownership of Property; Liens; Real Property	  	 	110135	 
	
SECTION 5.09
	 	Environmental Matters	  	 	110135	 
	
SECTION 5.10
	 	Taxes	  	 	111136	 
	
SECTION 5.11
	 	ERISA Compliance	  	 	111136	 
	
SECTION 5.12
	 	Subsidiaries; Equity Interests	  	 	111137	 
	
SECTION 5.13
	 	Margin Regulations; Investment Company Act	  	 	112137	 
	
SECTION 5.14
	 	Disclosure	  	 	112137	 
	
SECTION 5.15
	 	Labor Matters	  	 	112137	 
	
SECTION 5.16
	 	[Reserved]	  	 	112137	 
	
SECTION 5.17
	 	Intellectual Property; Licenses, Etc.	  	 	112138	 
	
SECTION 5.18
	 	Solvency	  	 	113138	 
	
SECTION 5.19
	 	Subordination of Junior Financing; First Lien Obligations	  	 	113138	 
	
SECTION 5.20
	 	Sanctions; Anti-Corruption; USA PATRIOT Act	  	 	113138	 
	
SECTION 5.21
	 	Security Documents	  	 	113139	 
		
	 ARTICLE
VI
	  			
	
AFFIRMATIVE
COVENANTS
	  	 	114139	 
			
	
SECTION 6.01
	 	Financial Statements	  	 	114139	 
	
SECTION 6.02
	 	Certificates; Other Information	  	 	116141	 
	
SECTION 6.03
	 	Notices	  	 	117142	 
	
SECTION 6.04
	 	Payment of Obligations	  	 	117142	 
	
SECTION 6.05
	 	Preservation of Existence, Etc.	  	 	117143	 
	
SECTION 6.06
	 	Maintenance of Properties	  	 	118143	 
	
SECTION 6.07
	 	Maintenance of Insurance	  	 	118143	 
	
SECTION 6.08
	 	Compliance with Laws	  	 	118143	 
	
SECTION 6.09
	 	Books and Records	  	 	118144	 
	
SECTION 6.10
	 	Inspection Rights	  	 	118144	 

  
 ii 

							
	
SECTION 6.11
	 	Additional Collateral; Additional Guarantors	  	 	119144	 
	
SECTION 6.12
	 	Compliance with Environmental Laws	  	 	120145	 
	
SECTION 6.13
	 	Further Assurances	  	 	120146	 
	
SECTION 6.14
	 	Designation of Subsidiaries	  	 	121146	 
	
SECTION 6.15
	 	Maintenance of Ratings	  	 	121146	 
	
SECTION 6.16
	 	Post-Closing Covenants	  	 	121146	 
		
	 ARTICLE
VII
	  			
	 NEGATIVE
COVENANTS
	  	 	121147	 
			
	
SECTION 7.01
	 	Liens	  	 	122147	 
	
SECTION 7.02
	 	Investments	  	 	126151	 
	
SECTION 7.03
	 	Indebtedness	  	 	129155	 
	
SECTION 7.04
	 	Fundamental Changes	  	 	134159	 
	
SECTION 7.05
	 	Dispositions	  	 	135160	 
	
SECTION 7.06
	 	Restricted Payments	  	 	138163	 
	
SECTION 7.07
	 	Change in Nature of Business	  	 	142167	 
	
SECTION 7.08
	 	Transactions with Affiliates	  	 	142167	 
	
SECTION 7.09
	 	Burdensome Agreements	  	 	143168	 
	
SECTION 7.10
	 	Use of Proceeds	  	 	144169	 
	
SECTION 7.11
	 	Financial Covenant. [Reserved]	  	 	144169	 
	
SECTION 7.12
	 	Accounting Changes	  	 	144169	 
	
SECTION 7.13
	 	Prepayments, Etc. of Indebtedness	  	 	144170	 
	
SECTION 7.14
	 	Permitted Activities	  	 	145170	 
		
	 ARTICLE
VIII
	  			
	 EVENTS
OF DEFAULT AND REMEDIES
	  	 	146171	 
			
	
SECTION 8.01
	 	Events of Default	  	 	146171	 
	
SECTION 8.02
	 	Remedies Upon Event of Default	  	 	148174	 
	
SECTION 8.03
	 	Exclusion of Immaterial Subsidiaries	  	 	149174	 
	
SECTION 8.04
	 	Application of Funds	  	 	149175	 
	
SECTION 8.05
	 	Company’s Right to Cure	  	 	175	 
		
	 ARTICLE
IX
	  			
	
ADMINISTRATIVE AGENT AND OTHER
AGENTS
	  	 	150176	 
			
	
SECTION 9.01
	 	Appointment and Authorization of Agents	  	 	150176	 
	
SECTION 9.02
	 	Delegation of Duties	  	 	150177	 
	
SECTION 9.03
	 	Liability of Agents	  	 	151177	 
	
SECTION 9.04
	 	Reliance by Agents	  	 	151178	 
	
SECTION 9.05
	 	Notice of Default	  	 	152178	 
	
SECTION 9.06
	 	Credit Decision; Disclosure of Information by Agents	  	 	152179	 
	
SECTION 9.07
	 	Indemnification of Agents	  	 	153179	 
	
SECTION 9.08
	 	Agents in Their Individual Capacities	  	 	153180	 
	
SECTION 9.09
	 	Successor Agents	  	 	154180	 
	
SECTION 9.10
	 	Administrative Agent May File Proofs of Claim	  	 	155182	 
	
SECTION 9.11
	 	Collateral and Guaranty Matters	  	 	155182	 
	
SECTION 9.12
	 	Other Agents; Lead Arrangers and Managers	  	 	157183	 

  
 iii 

							
	
SECTION 9.13
	 	Withholding Tax Indemnity	  	 	157184	 
	
SECTION 9.14
	 	Appointment of Supplemental Agents	  	 	157184	 
	
SECTION 9.15
	 	Certain ERISA Matters	  	 	158185	 
	
SECTION 9.16
	 	Recovery of Erroneous Payments	  	 	159186	 
		
	 ARTICLE
X
	  			
	
MISCELLANEOUS
	  	 	159186	 
			
	
SECTION 10.01
	 	Amendments, Etc.	  	 	159186	 
	
SECTION 10.02
	 	Notices and Other Communications; Facsimile Copies	  	 	162189	 
	
SECTION 10.03
	 	No Waiver; Cumulative Remedies	  	 	163190	 
	
SECTION 10.04
	 	Attorney Costs and Expenses	  	 	163190	 
	
SECTION 10.05
	 	Indemnification by the Borrower	  	 	164191	 
	
SECTION 10.06
	 	Payments Set Aside	  	 	165192	 
	
SECTION 10.07
	 	Successors and Assigns	  	 	165192	 
	
SECTION 10.08
	 	Confidentiality	  	 	170198	 
	
SECTION 10.09
	 	Setoff	  	 	171199	 
	
SECTION 10.10
	 	Interest Rate Limitation	  	 	172199	 
	
SECTION 10.11
	 	Counterparts	  	 
	172200
	 
	
SECTION 10.12
	 	Integration; Termination	  	 	172200	 
	
SECTION 10.13
	 	Survival of Representations and Warranties	  	 	172200	 
	
SECTION 10.14
	 	Severability	  	 	172200	 
	
SECTION 10.15
	 	GOVERNING LAW	  	 	173200	 
	
SECTION 10.16
	 	WAIVER OF RIGHT TO TRIAL BY JURY	  	 	173201	 
	
SECTION 10.17
	 	Binding Effect	  	 	174201	 
	
SECTION 10.18
	 	USA PATRIOT Act	  	 	174202	 
	
SECTION 10.19
	 	No Advisory or Fiduciary Responsibility	  	 	174202	 
	
SECTION 10.20
	 	[Reserved]	  	 	175203	 
	
SECTION 10.21
	 	Effect of Certain Inaccuracies	  	 	175203	 
	
SECTION 10.22
	 	Judgment Currency	  	 	175203	 
	
SECTION 10.23
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	176204	 
	
SECTION 10.24
	 	Cashless Rollovers	  	 	176204	 
	
SECTION 10.25
	 	Acknowledgement Regarding Any Supported QFCs	  	 	176204	 
	
SECTION 10.26
	 	Electronic Execution of Agreement Communications	  	 	177205	 
	
SECTION 10.27
	 	Know-Your-Customer, Etc.	  	 	178206	 
		
	 ARTICLE
XI
	  			
	
GUARANTY
	  	 	178206	 
			
	
SECTION 11.01
	 	The Guaranty	  	 	178206	 
	
SECTION 11.02
	 	Obligations Unconditional	  	 	179206	 
	
SECTION 11.03
	 	Reinstatement	  	 	180207	 
	
SECTION 11.04
	 	Subrogation; Subordination	  	 	180208	 
	
SECTION 11.05
	 	Remedies	  	 	180208	 
	
SECTION 11.06
	 	Instrument for the Payment of Money	  	 	180208	 
	
SECTION 11.07
	 	Continuing Guaranty	  	 	180208	 
	
SECTION 11.08
	 	General Limitation on Guarantee Obligations	  	 	180208	 
	
SECTION 11.09
	 	Information	  	 	181209	 

  
 iv 

							
	
SECTION 11.10
	 	Release of Guarantors	  	 	181209	 
	
SECTION 11.11
	 	Right of Contribution	  	 	181209	 
	
SECTION 11.12
	 	Cross-Guaranty	  	 	182210	 

  
 v 

			
	SCHEDULES	  	
		
	 1.01A
	  	 Commitments and L/C
Sublimit

	 1.01B
	  	 Disqualified Lenders

	 1.01C
	  	 Collateral Documents

	 1.01D
	  	 Excluded Subsidiaries

	 1.01E
	  	 Securitization Subsidiaries

	 1.01F
	  	 Unrestricted Subsidiaries

	 1.01G
	  	 Approved Counterparties

	 1.01H
	  	 Existing Letters of
Credit

	 5.05
	  	 Certain Liabilities

	 5.06
	  	 Litigation

	 5.08
	  	 Ownership of Property

	 5.09(a)
	  	 Environmental Matters

	 5.10
	  	 Taxes

	 5.11(a)
	  	 ERISA Compliance

	 5.12
	  	 Subsidiaries and Other Equity Investments

	 6.16
	  	 Post-Closing Covenants

	 7.01(b)
	  	 Existing Liens

	 7.02(f)
	  	 Existing Investments

	 7.03(b)
	  	 Existing Indebtedness

	 7.08
	  	 Transactions with Affiliates

	 7.09
	  	 Certain Contractual Obligations

	 10.02
	  	 Administrative Agent’s Office, Certain Addresses for Notices

		
	EXHIBITS	  	
		
	 Form of
	  	
		
	 A
	  	 Committed Loan Notice

	 B
	  	
[Reserved]Letter
of Credit Issuance Request

	 C
	  	
[Reserved]Swing
Line Loan Notice

	 D-1
	  	 Term Note

	 D-2
	  	 Revolving Credit
Note

	 E-1
	  	 Compliance Certificate

	 E-2
	  	 Solvency Certificate

	 F
	  	 Assignment and Assumption

	 G
	  	 Security Agreement

	 H
	  	 Perfection Certificate

	 I
	  	 Intercompany Note

	 J-1
	  	 [Reserved]

	 J-2
	  	 Junior Lien Intercreditor Agreement

	 K-1
	  	 United States Tax Compliance Certificate (Foreign Non-Partnership Lenders)

	 K-2
	  	 United States Tax Compliance Certificate (Foreign Non-Partnership Participants)

	 K-3
	  	 United States Tax Compliance Certificate (Foreign Partnership Lenders)

	 K-4
	  	 United States Tax Compliance Certificate (Foreign Partnership Participants)

	 L
	  	 Administrative Questionnaire

	 M-3
	  	 Acceptance and Prepayment Notice

	 M-4
	  	 Discount Range Prepayment Notice

	 M-5
	  	 Discount Range Prepayment Offer

	 M-6
	  	 Solicited Discounted Prepayment Notice

  
 vi 

			
	 M-7
	  	 Solicited Discounted Prepayment Offer

	 M-8
	  	 Specified Discount Prepayment Notice

	 M-9
	  	 Specified Discount Prepayment Response

	 N
	  	 Notice of Loan Prepayment

  
 vii 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT is entered into as of August 2, 2021 (as amended by Amendment No. 1, dated as of December 16, 2021, and
as the same may be further amended, modified, refinanced and/or restated from time to time, this “Agreement”), among HILTON GRAND VACATIONS PARENT LLC, a Delaware limited
liability company (“Parent”), HILTON GRAND VACATIONS BORROWER LLC, a Delaware limited liability company (the “Company”), the Guarantors party hereto from time to time, BANK OF AMERICA, N.A., as Administrative
Agent
and, Collateral Agent, Swing Line Lender and L/C Issuer, and each lender from time to time
party hereto (collectively, the “Lenders” and individually, a “Lender”). 
 PRELIMINARY
STATEMENTS 
 The Company has requested that the Lenders extend credit to the Company in the form of the Initial Term
Loans on the Closing Date in an initial aggregate principal amount of $1,300,000,000. 
 The proceeds of the Initial Term
Loans will be used by the Company on or around the Closing Date to directly or indirectly consummate the Transactions and pay the Transaction Expenses. 

The
 Company has requested that the Lenders extend credit to the Company on and after the Amendment No. 1 Effective Date in the form of Amendment No. 1 Revolving Credit Commitments in an initial aggregate principal amount of
$1,000,000,000. 
 The applicable Lenders have indicated their
willingness to lend on the terms and subject to the conditions set forth herein. 
 In consideration of the mutual covenants
and agreements herein contained, the parties hereto covenant and agree as follows: 
 ARTICLE I 

Definitions and Accounting Terms 

SECTION 1.01 Defined Terms. 

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

“2024 Senior Unsecured Notes” means $300,000,000 in aggregate principal amount of the Company’s 6.50%
senior unsecured notes due 2024 issued pursuant to the 2024 Senior Unsecured Notes Indenture. 
 “2024 Senior
Unsecured Notes Indenture” means the Indenture for the 2024 Senior Unsecured Notes, dated as of October 21, 2016, among Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc., as the issuers, the guarantors listed
therein and Wilmington Trust, National Association, as trustee, as amended or supplemented from time to time. 

“Acceptable Discount” has the meaning set forth in Section 2.05(a)(v)(D)(2). 

“Acceptable Prepayment Amount” has the meaning set forth in Section 2.05(a)(v)(D)(3). 

“Acceptance and Prepayment Notice” means a notice of the Borrower’s acceptance of the Acceptable
Discount in substantially the form of Exhibit M-3. 
 “Acceptance
Date” has the meaning set forth in Section 2.05(a)(v)(D)(2). 

  
 1 

 “Acquired EBITDA” means, with respect to any Acquired
Entity or Business or any Converted Restricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such Acquired Entity or Business or Converted Restricted Subsidiary (determined as if references to the Company and the
Restricted Subsidiaries in the definition of Consolidated EBITDA were references to such Acquired Entity or Business and its Subsidiaries or to such Converted Restricted Subsidiary and its Subsidiaries), as applicable, all as determined on a
consolidated basis for such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable. 

“Acquired Entity or Business” has the meaning set forth in the definition of the term “Consolidated
EBITDA.” 
 “Acquisition” means the merger of the Target with and into the Company with the Company as
the surviving entity pursuant to the Acquisition Agreement. 
 “Acquisition Agreement” means that certain
Agreement and Plan of Merger, dated as of March 10, 2021, by and among HGVI, the Company, the Target, the Sellers and the Seller Representative (as each term is defined therein), solely as the representative of the Sellers, as in effect on
March 10, 2021 (as amended, supplemented, waived or otherwise modified from time to time). 
 “Additional
Lender” has the meaning set forth in Section 2.14(c). 
 “Additional Refinancing Lender” has
the meaning set forth in Section 2.15(a). 
 “Adjustment” has the meaning set forth in
Section 3.03(b). 

“Administrative Agent” means Bank of America, N.A., in its capacity as administrative agent under any of the
Loan Documents, or any successor administrative agent. 
 “Administrative Agent’s Office” means the
Administrative Agent’s address and account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Company and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in the form of Exhibit L or such
other form as may be supplied from time to time by the Administrative Agent. 
 “Affected Financial
Institution” means (a) any EEA Financial Institution, or (b) any UK Financial Institution. 

“Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or
more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided, however, that for purposes of Section 7.08, (i) no homeowners’ association at a property at which the Company or any of
its Subsidiaries either have sold vacation ownership intervals or acts as management company and (ii) no collection holding real estate interests underlying points shall be deemed to be an Affiliate of the Company or any of its Subsidiaries.
“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise.
“Controlling” and “Controlled” have meanings correlative thereto. 

“Agent-Related Persons” means the Agents, together with their respective Affiliates, and the officers,
directors, employees, partners, agents, advisors, attorneys-in-fact and other representatives of such Persons and Affiliates. 

  
 2 

 “Agents” means, collectively, the Administrative Agent, the
Collateral Agent and the Supplemental Agents (if any). 
 “Aggregate Commitments” means the Commitments of
all the Lenders. 
 “Agreement” means this Credit Agreement, as the same may be amended, supplemented or
otherwise modified from time to time. 
 “Agreement Communication” has the meaning set forth in
Section 10.26. 
 “All-In Yield” means, as to any Indebtedness, the yield thereof, whether in the form
of interest rate, margin, OID, upfront fees or Eurocurrency Rate or Base Rate floor; provided that OID and upfront fees shall be equated to interest rate assuming a 4-year life to maturity (or, if less, the stated life to maturity at the time
of its incurrence of the applicable Indebtedness); and provided, further, that “All-In Yield” shall not include amendment fees, arrangement fees, structuring fees, commitment fees, underwriting fees or other fees payable to any lead
arranger (or its affiliates) in connection with the commitment or syndication of such Indebtedness, consent fees paid to consenting Lenders, ticking fees on undrawn commitments and any other fees not paid or payable generally to all Lenders in the
primary syndication of such Indebtedness. 

“
Alternative Currency Daily Rate” means, for any day, with respect to any Revolving Credit Borrowing: 

(a)
 denominated in Sterling, the rate per annum equal to SONIA determined pursuant to the definition thereof plus the SONIA Adjustment; and 

(d)
 denominated in any other Alternative Currency (to the extent such Loans denominated in such currency will bear interest at a daily rate), the daily rate per annum as designated with respect to such Alternative Currency at the time such Alternative
Currency is approved by the Administrative Agent and the relevant Revolving Credit Lenders pursuant to Section 1.11 determined by the Administrative Agent and the relevant Revolving Lenders pursuant to Section 1.11; 

provided,
 that, if any Alternative Currency Daily Rate shall be less than 0%, such rate shall be deemed 0% for purposes of this Agreement. Any change in an Alternative Currency Daily Rate shall be effective from and including the date of such change without
further notice. 
 “Alternative Currency Daily Rate Loan” means a Revolving Credit Loan that bears interest at a rate based on
the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency. 

“
Alternative Currency Successor Rate” has the meaning set forth in Section 3.03(b). 

“
Amendment No. 1” means Amendment No. 1 to this Agreement, dated as of December 16, 2021, among the Loan Parties, the Administrative Agent, each Amendment No. 1 Revolving Credit Lender party thereto and the other
parties party thereto. 
 “Amendment No. 1 Effective Date” means
December 16, 2021. 
 “Amendment No. 1 Refinancing” means the repayment and/or discharge of (and the termination of all
commitments, guarantees and security interests (as applicable) with respect to) the Loans and other Obligations (each, as defined in the Existing RCF Credit Agreement) outstanding under the Existing RCF Credit Agreement immediately prior to the
Amendment No. 1 Effective Date, together with any accrued and unpaid interest and fees thereon. 

  
 3 

“
Amendment No. 1 Revolving Credit Borrowing” means a borrowing consisting of simultaneous Amendment No. 1 Revolving Credit Loans of the same Type, in the same Approved Currency, and, in the case of Eurocurrency Rate Loans,
having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b). 

“
Amendment No. 1 Revolving Credit Commitments” means, as to each Amendment No. 1 Revolving Credit Lender, its obligation to (a) make Amendment No. 1 Revolving Credit Loans to the Borrower pursuant to
Section 2.01(b), (b) purchase participations in L/C Obligations in respect of Letters of Credit and (c) purchase participations in Swing Line Loans, in an aggregate Principal Amount at any one time outstanding not to exceed the amount
set forth opposite such Lender’s name on Schedule 1.01A under the caption “Amendment No. 1 Revolving Credit Commitments” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as
such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The aggregate Amendment No. 1 Revolving Credit Commitments of all Amendment No. 1 Revolving Credit Lenders shall be
$1,000,000,000 on the Amendment No. 1 Effective Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement. 

“
Amendment No. 1 Revolving Credit Lender” means, at any time, any Lender that has an Amendment No. 1 Revolving Credit Commitment or an Amendment No. 1 Revolving Credit Loan at such time. 

“
Amendment No. 1 Revolving Credit Loans” means any Revolving Credit Loan made pursuant to Section 2.01(b). 

“
Amendment No. 1 Transactions” means the (a) the incurrence of the Amendment No. 1 Revolving Credit Commitments and (b) the Amendment No. 1 Refinancing.

 “Anti-Corruption Laws” has the meaning set forth in Section 5.20(a). 

“Applicable Consolidated First Lien Net Leverage Ratio Level” means 2.25:1.00. 

“Applicable Consolidated Total Net Leverage Ratio Level” means 3.25:1.00. 

“Applicable Discount” has the meaning set forth in Section 2.05(a)(v)(C)(2). 

“Applicable ECF Percentage” means, for any fiscal year, (a) 50.0% if the Consolidated First Lien Net
Leverage Ratio as of the last day of such fiscal year is greater than 1.75 to 1.00, (b) 25.0% if the Consolidated First Lien Net Leverage Ratio as of the last day of such fiscal year is less than or equal to 1.75 to 1.00 and greater than 1.25
to 1.00 and (c) 0.0% if the Consolidated First Lien Net Leverage Ratio as of the last day of such fiscal year is less than or equal to 1.25 to 1.00, in each case, calculated on a Pro Forma Basis. 

“
Applicable L/C Fronting Sublimit” means (x) with respect to each L/C Issuer on the Amendment No. 1 Effective Date, the amount set forth opposite such L/C Issuer’s name on Schedule 1.01A and (y) with respect to any
other Person that becomes an L/C Issuer in accordance with Sections 2.03(k), 9.09(d) or 10.07(k), in each case, such amount as agreed to in writing by the Company and such Person at the time such Person becomes an L/C Issuer, as each of the
foregoing amounts may be decreased or increased from time to time with the written consent of the Company and the L/C Issuers (provided that any increase in the Applicable L/C Fronting Sublimit with respect to any L/C Issuer shall require the
consent of only the Company and such L/C Issuer). Any successor L/C Issuer appointed pursuant to Section 9.09(d) or 10.07(k) shall assume the resigning L/C Issuer’s Applicable L/C Fronting Sublimit. 

  
 4 

 “Applicable Period” has the meaning set forth in
Section 10.21. 

“
Applicable Rate” means (a) for Initial Term Loans, (1) for Eurocurrency Rate Loans,
3.00% and (2) for Base Rate Loans, 2.00% and (b) for Revolving Credit Loans, (1) until
delivery of financial statements for the fiscal quarter ending December 31, 2021 pursuant to Section 6.01, a percentage per annum equal to (A) for Eurocurrency Rate Loans and Alternative Currency Daily Rate Loans, 2.00% and
(B) for Base Rate Loans, 1.00%; and (2) thereafter, the following percentages per annum, based upon the Consolidated First Lien Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent
pursuant to Section 6.02(a): 
  

															
	 Pricing

Level

	  	Consolidated
First
 Lien Net
Leverage Ratio	 	Eurocurrency Rate
and Alternative
Currency Daily Rate
Loans
Revolving
Credit Loans and
Letter of Credit Fees	 	 	Base Rate
Revolving
Credit Loans	 	 	Unused Commitment
Fee Rate	 
	
1
	  	£ 0.75:1.00	 	 	1.75	% 	 	 	0.75	% 	 	 	0.25	% 
	
2
	  	> 0.75:1.00 and
£ 1.50:1.00	 	 	1.90	% 	 	 	0.90	% 	 	 	0.30	% 
	
3
	  	> 1.50:1.00 and
£ 2.25:1.00	 	 	2.00	% 	 	 	1.00	% 	 	 	0.30	% 
	
4
	  	> 2.25:1.00 	 	 	2.25	% 	 	 	1.25	% 	 	 	0.35	% 

“Applicable Rate” means
(1) for Eurocurrency Rate Loans, 3.00% and (2) for Base Rate Loans, 2.00%. 

With
 respect to any Revolving Credit Loans, any increase or decrease in the Applicable Rate resulting from a change in the Consolidated First Lien Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 6.02(a); provided that at the option of the Administrative Agent or the Required Revolving Credit Lenders, the highest pricing level (i.e., Pricing Level 4) shall apply
(x) as of the first Business Day after the date on which a Compliance Certificate was required to have been delivered but was not delivered, and shall continue to so apply to and including the date on which such Compliance Certificate is so
delivered (and thereafter the pricing level otherwise determined in accordance with this definition shall apply) and (y) as of the first Business Day after an Event of Default under Section 8.01(a) shall have occurred and be continuing,
and shall continue to so apply to but excluding the date on which such Event of Default is cured or waived (and thereafter the pricing level otherwise determined in accordance with this definition shall apply).  
 “Appropriate Lender” means, at any time, (a) with respect to Loans of any Class, the Lenders of such
Class.,
(b) with respect to Letters of Credit, (i) the relevant L/C Issuer and (ii) the Revolving Credit Lenders and (c) with respect to the Swing Line Facility, (i) the Swing Line Lender and (ii) if any Swing Line Loans are
outstanding pursuant to Section 2.04(a), the Revolving Credit Lenders. 

“Approved Counterparty” means (a) each counterparty listed on Schedule 1.01G, (b) any Agent, Lender
or any Affiliate of an Agent or Lender at the time it entered into a Secured Hedge Agreement or a Treasury Services Agreement, as applicable, in its capacity as a party thereto, (c) any other Person whose long term senior unsecured debt rating
is A/A-2 by S&P or Moody’s (or their equivalent) or higher or (d) any other Person from time to time approved in writing by the Administrative Agent. 

  
 5 

“
Approved Currency” means with respect to any Revolving Credit Loan, each of (i) Dollars, (ii) euros, (iii) Sterling, (iv) Canadian Dollars, (v) subject to the Yen Sublimit, Yen and (vi) any other currency
that is approved in accordance with Section 1.11.  
 “Approved Foreign Currency” means any Approved Currency other than Dollars. 
 “Approved Fund” means, with respect to any Lender, any Fund
that is administered, advised or managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages such Lender. 

“Assignees” has the meaning set forth in Section 10.07(b). 

“Assignment and Assumption” means an Assignment and Assumption substantially in the form of Exhibit F.

 “Assignment Taxes” has the meaning specified in Section 3.01(b). 

“Attorney Costs” means and includes all reasonable and documented fees, expenses and disbursements of any law
firm or other external legal counsel. 
 “Attributable Indebtedness” means, on any date, in respect of any
Capitalized Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP. 

“Auction Agent” means (a) the Administrative Agent or (b) any other financial institution or
advisor employed by the Company (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Discounted Term Loan Prepayment pursuant to Section 2.05(a)(v); provided that the Company shall not
designate the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative Agent shall be under no obligation to agree to act as the Auction Agent); provided,
further, that neither the Company nor any of its Affiliates may act as the Auction Agent. 
 “Audited
Financial Statements” means, collectively, the HGVI Audited Financial Statements and the Target Audited Financial Statements. 

“
Auto-Extension Letter of Credit” has the meaning set forth in Section 2.03(b)(iii). 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution
Authority in respect of any liability of an Affected Financial Institution. 
 “Bail-In Legislation” means,
(a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country
from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule
applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

  
 6 

 “Base Rate” means, for any day, a rate per annum equal to
the greatest of (a) the Federal Funds Rate in effect on such day plus 1/2 of 1%, (b) the Prime Rate in effect for such day and (c) the Eurocurrency Rate plus 1.00%; it being understood that, for the avoidance of doubt, the Base Rate
shall be deemed to be not less than 1.00% per annum. If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Rate for any reason,
including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms of the definition thereof, the Base Rate shall be determined without regard to clause (a) of the preceding sentence
until the circumstances giving rise to such inability no longer exist. Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds Rate or the Eurocurrency Rate shall be effective on the effective date of such change in the
Prime Rate, the Federal Funds Rate or the Eurocurrency Rate, as the case may be. 
 “Base Rate Loan” means
a Loan denominated in Dollars that bears interest based on the Base Rate. 
 “Beneficial Ownership
Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership Regulation. 

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is
subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA
or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“BHC Act Affiliate” has the meaning set forth in Section 10.25(b). 

“Borrower” means the Company. 

“Borrower Materials” has the meaning set forth in Section 6.02. 

“Borrower Offer of Specified Discount Prepayment” means the offer by any Company Party to make a voluntary
prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B). 
 “Borrower
Solicitation of Discount Range Prepayment Offers” means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par
pursuant to Section 2.05(a)(v)(C). 
 “Borrower Solicitation of Discounted Prepayment Offers” means
the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D). 

“Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing or a Term Borrowing of a particular Class, as
the context may require. 
 “Builder Basket” has the meaning set forth in the definition of
“Cumulative Credit.” 
 “Business Day” means any day other than a Saturday, Sunday or other day
on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and if such day relates to any interest rate settings as to a Eurocurrency Rate Loan,
any fundings, disbursements, settlements and payments in respect of any such Eurocurrency Rate Loan, or any other dealings to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means a day: 

  
 7 

(a)
 on which dealings in deposits in Dollars are conducted by and between banks in the applicable London interbank
market.,
 

(b)
 if such day relates to any interest rate settings as to a Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Alternative Currency Loan, or any other dealings in Euro to be carried out
pursuant to this Agreement in respect of any such Loan, means a Business Day that is also a TARGET Day; 

(c)
 if such day relates to any interest rate settings as to a Loan denominated in (i) Sterling, means a day other than a day banks are closed for general business in London because such day is a Saturday, Sunday or a legal holiday under the laws
of the United Kingdom and (ii) Yen, means a day other than when banks are closed for general business in Japan; and 

(d)
 if such day relates to any fundings, disbursements, settlements and payments in a currency other than Euro in respect of a Loan denominated in an Approved Foreign Currency other than Euro, or any other dealings in any Approved Foreign Currency
other than Euro to be carried out pursuant to this Agreement in respect of any such Alternative Currency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal
financial center of the country of such currency. 
 “Canadian Dollars” or “C$” means the lawful currency of Canada. 
 “Capital Expenditures” means, for any period, the aggregate
of all expenditures (whether paid in cash or accrued as liabilities and including in all events all amounts expended or capitalized under Capitalized Leases) by the Company and its Restricted Subsidiaries during such period that, in conformity with
GAAP, are or are required to be included as capital expenditures on the consolidated statement of cash flows of the Company and its Restricted Subsidiaries. 

“Capital One Conduit Facility” means the Amended and Restated Loan Agreement, dated as of September 30,
2020, by and among Diamond Resorts/CO Borrower 2016, LLC, as borrower, Diamond Resorts Corporation, Diamond Resorts Holdings, LLC, Diamond Resorts International, Inc., each as a performance guarantor, Diamond Resorts/CO Seller 2016, LLC, as seller,
the lenders from time to time party thereto and Capital One, National Association, as administrative agent (as amended by the Omnibus Amendment dated as of March 10, 2021) and any amendments, supplements, modifications, extensions, renewals,
restatements or refundings thereof, in whole or in part. 
 “Capitalized Leases” means all leases that have
been or are required to be, in accordance with GAAP, recorded as capitalized leases or financing leases; provided that for all purposes hereunder the amount of obligations under any Capitalized Lease shall be the amount thereof accounted for
as a liability on a balance sheet in accordance with GAAP; provided, further, that for purposes of calculations made pursuant to the terms of this Agreement, GAAP will be deemed to treat leases in a manner consistent with its current
treatment under generally accepted accounting principles as of January 1, 2015, notwithstanding any modifications or interpretive changes thereto that may occur thereafter. 

“Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the amount of the
liability in respect of a Capitalized Lease; provided that any obligations of the Company or its Restricted Subsidiaries either existing on the Closing Date or created prior to any recharacterization described below (i) that were not
included on the consolidated balance sheet of Holdings as financing or capital lease obligations and (ii) that are subsequently recharacterized as financing or capital lease obligations or indebtedness due to a change in accounting treatment or
otherwise, shall for all purposes under this Agreement (including, without limitation, the calculation of Consolidated Net Income and Consolidated EBITDA) not be treated as financing or capital lease obligations, Capitalized Lease Obligations or
Indebtedness. 

  
 8 

 “Capitalized Software Expenditures” means, for any period,
the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by the Company and the Restricted Subsidiaries during such period in respect of licensed or purchased software or internally developed software and software
enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of Holdings and the Restricted Subsidiaries. 

“
Cash Collateral” has the meaning set forth in Section 2.03(g). 

“Cash Collateral Account” means a blocked account at a commercial bank specified by the Administrative Agent
in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent. 

“
Cash Collateralize” has the meaning set forth in Section 2.03(g). 

“Cash Equivalents” means any of the following types of Investments, to the extent owned by the Company or any
Restricted Subsidiary: 
 (1) Dollars; 

(2)(a) Canadian dollars, Sterling, Yen, euros or any national currency of any participating member state of the EMU; or 

(b) in such local currencies held by the Company or any Restricted Subsidiary from time to time in the ordinary course of
business or consistent with industry practice; 
 (3) securities issued or directly and fully and unconditionally guaranteed
or insured by the U.S. government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 24 months or less from the date of
acquisition; 
 (4) certificates of deposit, time deposits and eurodollar time deposits with maturities of 24 months or less
from the date of acquisition, demand deposits, bankers’ acceptances with maturities not exceeding 24 months and overnight bank deposits, in each case with any domestic or foreign commercial bank having capital and surplus of not less than
$100,000,000 (or the Dollar equivalent as of the date of determination); 
 (5) repurchase obligations for underlying
securities of the types described in clauses (3), (4), (7) and (8) entered into with any financial institution or recognized securities dealer meeting the qualifications specified in clause (4) above; 

(6) commercial paper and variable or fixed rate notes rated at least P-2 by Moody’s, at least A-2 by S&P or at least
F-2 by Fitch (or, if at any time none of Moody’s, S&P or Fitch shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency) and in each case maturing within 24 months after the date of
creation thereof; 
 (7) marketable short-term money market and similar funds having a rating of at least P-2, A-2 or F-2
from either Moody’s, S&P or Fitch, respectively (or, if at any time none of Moody’s, S&P or Fitch shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency); 

  
 9 

 (8) readily marketable direct obligations issued by, or unconditionally
guaranteed by, any state, commonwealth or territory of the United States or any political subdivision, public instrumentality or taxing authority thereof with maturities of 24 months or less from the date of acquisition; 

(9) readily marketable direct obligations issued by, or unconditionally guaranteed by, any foreign government or any political
subdivision, public instrumentality or taxing authority thereof, with maturities of 24 months or less from the date of acquisition; 

(10) Investments with average maturities of 24 months or less from the date of acquisition in money market funds rated A (or
the equivalent thereof) or better by S&P, or A2 (or the equivalent thereof) or better by Moody’s or F-2 by Fitch (or, if at any time none of Moody’s, S&P or Fitch shall be rating such obligations, an equivalent rating from another
nationally recognized statistical rating agency); 
 (11) securities with maturities of 24 months or less from the date of
acquisition backed by standby letters of credit issued by any financial institution or recognized securities dealer meeting the qualifications specified in clause (4) above; 

(12) Indebtedness or preferred stock issued by Persons with a rating of “A” or higher from S&P, “A2” or
higher from Moody’s or “F-2” or higher from Fitch with maturities of 24 months or less from the date of acquisition; and 

(13) investment funds investing at least 90% of their assets in currencies, instruments or securities of the types described in
clauses (1) through (12) above. 
 In the case of Investments by any Foreign Subsidiary that is a Restricted
Subsidiary or Investments made in a country outside the United States of America, Cash Equivalents shall also include (a) investments of the type and maturity described in clauses (1) through (8) and clauses (10), (11), (12) and
(13) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (b) other short-term investments
utilized by Foreign Subsidiaries that are Restricted Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the foregoing investments in clauses (1) through (13) and in this paragraph.

 Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set
forth in clauses (1) and (2) above; provided that such amounts are converted into any currency listed in clauses (1) and (2) as promptly as practicable and in any event within ten (10) Business Days following the
receipt of such amounts. 
 For the avoidance of doubt, any items identified as Cash Equivalents under this definition will
be deemed to be Cash Equivalents for all purposes regardless of the treatment of such items under GAAP. 
 “Casualty
Event” means any event that gives rise to the receipt by the Company or any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements
thereon) to replace or repair such equipment, fixed assets or real property. 
 “CERCLA” means the
Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as subsequently amended, and the regulations promulgated thereunder. 

  
 10 

 “Change in Law” means the occurrence, after the date of
this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or
application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein
to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith or in the implementation thereof and (y) all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel
III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or implemented. 

“Change of Control” shall be deemed to occur if: 

(a) any person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act as in
effect on the Closing Date), other than any combination of the Permitted Holders, shall have acquired beneficial ownership (directly or indirectly) of 35% or more on a fully diluted basis of the voting interest in Holdings’ Equity Interests and
the Permitted Holders shall own, directly or indirectly, less than such person or “group” on a fully diluted basis of the voting interest in Holdings’ Equity Interests, other than in connection with any transaction or series of
transactions in which the Company shall become a Subsidiary of a Holding Company; 
 (b) a “change of
control” (or similar event) shall occur under any Indebtedness for borrowed money permitted under Section 7.03 with an aggregate outstanding principal amount in excess of the Threshold Amount or any Permitted Refinancing in respect of any
of the foregoing with an aggregate outstanding principal amount in excess of the Threshold Amount; or 
 (c)
Holdings shall cease to own directly 100% of the Equity Interests of the Company. 
 Notwithstanding the preceding or any
provision of Section 13d-3 or 13d-5 of the Exchange Act, (i) a Person or group shall not be deemed to beneficially own Equity Interests subject to a stock or asset purchase agreement, merger agreement, option agreement, warrant agreement
or similar agreement (or voting or option or similar agreement related thereto) until the consummation of the acquisition of the Equity Interests in connection with the transactions contemplated by such agreement, (ii) if any group (other than
a Permitted Holder) includes one or more Permitted Holders, the issued and outstanding Equity Interests of the Company owned, directly or indirectly, by any Permitted Holders that are part of such group shall not be treated as being beneficially
owned by such group or any other member of such group for purposes of determining whether a Change of Control has occurred, (iii) a Person or group will not be deemed to beneficially own the Equity Interests of another Person as a result of its
ownership of the Equity Interests or other securities of such other Person’s parent entity (or related contractual rights) unless it owns 50% or more of the total voting power of the Equity Interests entitled to vote for the election of
directors of such parent entity having a majority of the aggregate votes on the board of directors (or similar body) of such parent entity and (iv) the right to acquire Equity Interests (as long as such Person does not have the right to direct
the voting of the Equity Interests subject to such right) or any veto power in connection with the acquisition or disposition of Equity Interests will not cause a party to be a beneficial owner. 

  
 11 

 “Class” (a) when used with respect to any Lender,
refers to whether such Lender has a Loan or Commitment with respect to a particular Class of Loans or Commitments, (b) when used with respect to Commitments, refers to whether such Commitments are Revolving Credit Commitments, Extended Revolving Credit Commitments of a
given Extension Series, Extended Term Loans of a given Extension Series, Incremental Revolving Credit Commitments, Other Revolving Credit Commitments, Initial Term Commitments, Incremental Term Commitments or Refinancing Term Commitments of a given
Refinancing Series and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are Revolving Credit Loans, Revolving Credit Loans under Extended Revolving Credit Commitments of
a given Extension Series, Revolving Credit Loans under Other Revolving Credit Commitments, Initial Term Loans, Incremental Term Loans, Refinancing Term Loans of a given Refinancing Series or Extended Term Loans of a given Extension Series. Revolving Credit Commitments, Incremental Revolving Credit Commitments,
Extended Revolving Credit Commitments, Other Revolving Credit Commitments, Initial Term Commitments, Incremental Term Commitments or Refinancing Term Commitments (and in each case, the Loans made pursuant to such Commitments) that have different
terms and conditions shall be construed to be in different Classes. Commitments (and, in each case, the Loans made pursuant to such Commitments) that have the same terms and conditions shall be construed to be in the same Class. There shall be no
more than an aggregate of four Classes of revolving credit facilities and seven Classes of term loan facilities under this Agreement. 

“Closing Date” means August 2, 2021. 

“Closing Date Senior Unsecured Bridge Loans” means senior unsecured increasing rate bridge loans made to the
Company on or about the Closing Date in connection with the Transactions. 
 “Closing Date Senior Unsecured
Notes” means one or more series of senior unsecured notes issued by the Company in connection with the Transactions. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” means (i) the “Collateral” as defined in the Security Agreement, (ii) all
the “Collateral” or “Pledged Assets” as defined in any other Collateral Document and (iii) any other assets pledged or in which a Lien is granted, in each case, pursuant to any Collateral Document. 

“Collateral Agent” means Bank of America, N.A., in its capacity as collateral agent or pledgee in its own
name under any of the Loan Documents, or any successor collateral agent. 
 “Collateral and Guarantee
Requirement” means, at any time, the requirement that: 
 (a) the Administrative Agent shall have
received each Collateral Document required to be delivered on the Closing Date pursuant to Section 4.01(a) or from time to time pursuant to Section 6.11, Section 6.13 or Section 6.16, subject to the limitations and exceptions of this
Agreement, duly executed by each Loan Party party thereto; 
 (b) the Obligations and the Guaranty shall have
been secured by a first-priority security interest in (i) all the Equity Interests of the Company, (ii) all Equity Interests of each Restricted Subsidiary (that is not an Excluded Subsidiary) directly owned by any Loan Party and
(iii) 65% of the Equity Interests in each Restricted Subsidiary (that is not an Excluded Subsidiary (other than any Restricted Subsidiary that is an Excluded Subsidiary solely pursuant to clause (f) or (j) of the definition thereof))
directly owned by any Loan Party, which Restricted Subsidiary (x) is a Foreign Subsidiary or (y) substantially all of the assets of which consist of the Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries that are
“controlled foreign corporations” within the meaning of Section 957 of the Code, in each case, subject to exceptions and limitations otherwise set forth in this Agreement and the Collateral Documents (to the extent appropriate in the
applicable jurisdiction); 
 (c) the Obligations and the Guaranty shall have been secured by a perfected
security interest in substantially all now owned or at any time hereafter acquired tangible and intangible assets of each Loan Party (including Equity Interests, intercompany debt, accounts, inventory, equipment, investment property, contract
rights, intellectual property in the United States of America, other general intangibles and proceeds of the foregoing), in each case, subject to exceptions and limitations otherwise set forth in this Agreement and the Collateral Documents (to the
extent appropriate in the applicable jurisdiction); and 
  

  
 12 

 (d) after the Closing Date, each Restricted Subsidiary of
the Company that is not then a Guarantor and not an Excluded Subsidiary shall become a Guarantor and signatory to this Agreement pursuant to a joinder agreement in accordance with Sections 6.11 or 6.13 and a party to the Collateral Documents in
accordance with Section 6.11; provided that notwithstanding the foregoing provisions, any Subsidiary of the Company that Guarantees the Existing RCF Credit Agreement, the Closing Date Senior Unsecured Bridge Loans, the Closing Date
Senior Unsecured Notes, the Target Notes, Indebtedness incurred under Section 7.03(s) or Section 7.03(w) or any Junior Financing, in each case, with a principal amount in excess of the Threshold Amount, or any Permitted Refinancing of any
of the foregoing, shall be a Guarantor hereunder for so long as it Guarantees such Indebtedness. 
 Notwithstanding the
foregoing provisions of this definition or anything in this Agreement or any other Loan Document to the contrary: 

(A) the foregoing definition shall not require, unless otherwise stated in this clause (A), the creation or
perfection of pledges of, security interests in, mortgages on, or the obtaining of title insurance or taking other actions with respect to, (i) in excess of 65% of the Equity Interests of any direct Foreign Subsidiary of a Loan Party or a
Domestic Subsidiary substantially all of whose assets consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries that are treated as controlled foreign corporations within the meaning of Section 957 of the Code,
(ii) any property or assets owned by any Foreign Subsidiary or an Unrestricted Subsidiary, (iii) any lease, license or agreement or any property subject to a purchase money security interest or similar arrangement to the extent that a
grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money arrangement or create a right of termination in favor of any other party thereto after giving effect to the applicable
anti-assignment provisions of the Uniform Commercial Code or other applicable Law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code or other applicable Law
notwithstanding such prohibition, (iv) any interest in fee-owned real property or any leasehold interest in real property (it being understood that there shall be no requirement to obtain any landlord waivers, estoppels or collateral access
letters), (v) Excluded Contracts, Excluded Equipment and any interest in leased real property (including any requirement to deliver landlord waivers, estoppels and collateral access letters), (vi) motor vehicles and other assets subject to
certificates of title except to the extent perfection of a security interest therein may be accomplished by filing of financing statements in appropriate form in the applicable jurisdiction under the Uniform Commercial Code, (vii) Margin Stock
and Equity Interests of any Person other than wholly owned Subsidiaries of the Company that are Restricted Subsidiaries, (viii) any trademark application filed in the United States Patent and Trademark Office on the basis of the Company’s
or any Guarantor’s “intent to use” such mark and for which a form evidencing use of the mark has not yet been filed with the United States Patent and Trademark Office, to the extent that granting a security interest in such trademark
application prior to such filing would impair the enforceability or validity of such trademark application or any registration that issues therefrom under applicable federal Law, (ix) the creation or perfection of pledges of, or security
interests in, any property or assets that would result in material adverse tax consequences to Holdings, the Company or any of its Subsidiaries, as determined in the reasonable judgment of the Company and communicated in writing delivered to the
Collateral Agent, (x) any governmental licenses or state or local franchises, charters and authorizations, to the extent a security in any such license, franchise, charter or authorization is prohibited or restricted thereby after giving effect
to the Uniform Commercial Code and other applicable Law, (xi) pledges and security interests prohibited or restricted by applicable Law (including any requirement to obtain the consent of any governmental authority or third party),
(xii) all commercial tort claims in an amount less than $5,000,000, (xiii) accounts, property and other assets pledged pursuant to a Qualified Securitization Financing, (xiv) letter of credit rights, except to the extent constituting
a supporting obligation for other Collateral as to which perfection of the security interest in such other Collateral is accomplished solely by the filing of a Uniform Commercial Code financing statement (it being understood that no actions shall be
required to perfect a security interest in letter of credit rights, other than the filing of a Uniform Commercial Code financing statement), (xv) any particular assets if, in the reasonable judgment of the Administrative Agent and the Company,
the burden, cost or consequences of creating or perfecting such pledges or security interests in such assets is excessive in relation to the benefits to be obtained therefrom by the Lenders under the Loan Documents and (xvi) proceeds from any
and all of the foregoing assets described in clauses (i) through (xv) above to the extent such proceeds would otherwise be excluded pursuant to clauses (i) through (xv) above, except to the extent perfection can be achieved by
filing a Uniform Commercial Code financing statement; 

  
 13 

 (B) (i) the foregoing definition shall not require
control agreements with respect to any cash, deposit accounts or securities accounts; (ii) no actions in any non-U.S. jurisdiction or required by the laws of any non-U.S. jurisdiction shall be required in order to create any security interests
in assets located or titled outside of the U.S., including any intellectual property registered in any non-U.S. jurisdiction, or to perfect such security interests (it being understood that there shall be no security agreements or pledge agreements
governed under the laws of any non-U.S. jurisdiction) and (iii) except to the extent that perfection and priority may be achieved by the filing of a financing statement under the Uniform Commercial Code with respect to the Borrower or a
Guarantor, the Loan Documents shall not contain any requirements as to perfection or priority with respect to any assets or property described in this clause (B); 

(C) after the Closing Date, the Administrative Agent in its discretion may grant extensions of time for the
creation or perfection of security interests in or taking other actions with respect to, particular assets or any other compliance with the requirements of this definition where it reasonably determines in writing, in consultation with the Company,
that the creation or perfection of security interests or taking other actions, or any other compliance with the requirements of this definition cannot be accomplished without undue delay, burden or expense by the time or times at which it would
otherwise be required by this Agreement or the Collateral Documents; and 
 (D) Liens required to be granted
from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and limitations set forth in this Agreement and the Collateral Documents. 

“Collateral Documents” means, collectively, the Security Agreement, the Intellectual Property Security
Agreements, collateral assignments, security agreements, pledge agreements, intellectual property security agreements or other similar agreements delivered to the Administrative Agent or the Collateral Agent pursuant to Section 4.01,
Section 6.11, Section 6.13 or Section 6.16, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent or the Collateral Agent for the benefit of the
Secured Parties. 
 “Commitment” means a Revolving Credit Commitment, an Incremental Revolving Credit
Commitment, Extended Revolving Credit Commitment of a given Extension Series, Other Revolving Credit Commitment of a given Refinancing Series, Initial Term Commitment, Incremental Term Commitment or Refinancing Term Commitment of a given Refinancing
Series as the context may require. 

  
 14 

 “Committed Loan Notice” means a notice of (a) a
Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 

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

“Company” has the meaning set forth in the introductory paragraph to this Agreement. 

“Company Parties” means the collective reference to Holdings and its Restricted Subsidiaries, including the
Company, and “Company Party” means any one of them. 
 “Compensation Period” has the
meaning set forth in Section 2.12(c)(ii). 
 “Compliance Certificate” means a certificate
substantially in the form of Exhibit E-1. 
 “Connection Income Taxes” means, with respect to a
Lender, Taxes that are imposed on or measured by net income (however denominated), that are franchise Taxes or that are branch profits Taxes, in each case imposed as a result of a present or former connection between such Lender and the jurisdiction
imposing such Tax (other than connections arising from such Lender having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other
transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).
For the avoidance of doubt, the term “Lender” for purposes of this definition shall include each L/C Issuer and Swing Line Lender. 

“Consolidated EBITDA” means, for any period, the Consolidated Net Income for such period: 

(1) increased (without duplication) by the following, in each case (other than with respect to clauses (h),
(k) and (o)) to the extent deducted (and not added back) in determining Consolidated Net Income for such period: 

(a) (x) provision for taxes based on income, profits or capital of the Company and the Restricted
Subsidiaries, including, without limitation, federal, state, franchise and similar taxes (such as the Delaware franchise tax, the Pennsylvania capital tax, Texas margin tax and provincial capital taxes paid in Canada) and foreign withholding taxes
(including any future taxes or other levies which replace or are intended to be in lieu of such taxes and any penalties and interest related to such taxes or arising from tax examinations), (y) if such Person is treated as a disregarded entity
or partnership for U.S. federal, state and/or local income tax purposes for such period or any portion thereof, the amount of distributions actually made to any direct or indirect parent company of such Person in respect of such period in accordance
with Section 7.06(i) and (z) the net tax expense associated with any adjustments made pursuant to clauses (1) through (17) of the definition of “Consolidated Net Income”; plus 

(b) Fixed Charges for such period (including (x) net losses on Swap Obligations or other derivative
instruments entered into for the purpose of hedging interest rate risk, (y) bank fees and other financing fees and (z) costs of surety bonds in connection with financing activities, plus amounts excluded from Consolidated Interest Expense
as set forth in clauses (1)(o) through (z) (other than clause (1)(x) in the definition thereof) ; plus 

  
 15 

 (c) the total amount of depreciation and amortization
expense and capitalized fees, including without limitation, the amortization of capitalized fees or costs related to any Qualified Securitization Financing of the Company or any of its Subsidiaries and the amortization of intangible assets, internal
labor costs, deferred financing fees or costs, debt issuance costs, commissions, fees and expenses and Capitalized Software Expenditures of the Company and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined
in accordance with GAAP; plus 
 (d) the amount of any restructuring charges or reserves, equity-based or
non-cash compensation charges or expenses including any such charges or expenses arising from grants of stock appreciation or similar rights, stock options, restricted stock or other rights, retention charges (including charges or expenses in
respect of incentive plans), start-up or initial costs for any project or new production line, division or new line of business, integration costs or reserves including, without limitation, costs or reserves associated with improvements to IT and
accounting functions, integration and facilities opening costs or any one-time costs incurred in connection with acquisitions and investments and costs related to the closure and/or consolidation of facilities; plus 

(e) any other non-cash charges, including any write-offs or write-downs reducing Consolidated Net Income for
such period (other than vacation ownership interval cost of sales); provided, that if any such non-cash charges represent an accrual or reserve for potential cash items in any future period, (A) the Company may elect not to add back such
non-cash charge in the current period and (B) to the extent the Company elects to add back such non-cash charge, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such extent, and
excluding amortization of a prepaid cash item that was paid in a prior period; plus 
 (f) the amount of any
non-controlling interest or minority interest expense consisting of Subsidiary income attributable to minority equity interests of third parties in any non-wholly owned Subsidiary; plus 

(g) [reserved]; plus 

(h) the amount of “run-rate” cost savings, operating expense reductions and synergies related to
mergers and other business combinations, acquisitions, investments, dispositions, divestitures, restructurings, operating improvements, cost savings initiatives, other similar transactions or initiatives projected by the Company in good faith to
result from actions taken, committed to be taken or expected in good faith to be taken (in each case, including any steps or actions taken in whole or in part prior to the Closing Date or the applicable consummation date of such transaction,
initiative or event) no later than twenty-four (24) months after any such transaction, initiative, contract or event is consummated or entered into (calculated on a pro forma basis as though such cost savings, operating expense reductions and
synergies had been realized on the first day of such period for which Consolidated EBITDA is being determined and as if such cost savings, operating expense reductions and synergies were realized during the entirety of such period), net of the
amount of actual benefits realized during such period from such actions; provided, that such cost savings and synergies are reasonably identifiable and factually supportable (it is understood and agreed that “run-rate” means
the full recurring benefit for a period that is associated with any action taken, committed to be taken or expected to be taken, net of the amount of actual benefits realized during such period from such actions); plus 

(i) the amount of loss or discount on sale of receivables, Securitization Assets and related assets to any
Securitization Subsidiary in connection with a Qualified Securitization Financing, including amortization of loan origination costs and amortization of portfolio discounts; plus 

  
 16 

 (j) any costs or expense incurred by the Company or any
direct or indirect parent entity of the Company or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder agreement,
to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of the Company or net cash proceeds of an issuance of Equity Interest of the Company (other than Disqualified Equity Interest) solely to the extent
that such net cash proceeds are excluded from the calculation of the Cumulative Credit; plus 
 (k) cash
receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of
Consolidated EBITDA pursuant to clause (2) below for any previous period and not added back; plus 
 (l)
any net loss from disposed, abandoned or discontinued operations; plus 
 (m) business optimization expenses
and other restructuring charges, reserves or expenses (which, for the avoidance of doubt, shall include, without limitation, the effect of inventory optimization programs, facility closures, facility consolidations, retention, severance, systems
establishment costs, contract termination costs, future lease commitments and excess pension charges) and expenses (other than interest expense) incurred with respect to properties or resorts which are classified as “pre-opening expenses”
(or any similar or equivalent caption) on the applicable financial statements of the Company and its Subsidiaries for such period, prepared in accordance with GAAP; plus 

(n) the amount of any loss attributable to a New Project, until the date that is twelve (12) months after
the date of completing the construction, acquisition, assembling or creation of such New Project, as the case may be; provided that (a) such losses are reasonably identifiable and factually supportable and certified by a responsible financial
or accounting officer of the Company and (b) losses attributable to such New Project after 12 months from the date of completing such construction, acquisition, assembling or creation, as the case may be, shall not be included in this clause
(n); plus 
 (o) an amount equal to the increase in deferred revenue for sales of vacation ownership
intervals under construction (net of all related direct costs) at the end of such period from the deferred revenue for sales of vacation ownership intervals under construction (net of all related direct costs) at the end of the previous period; 

(2) decreased (without duplication) by the following, in each case to the extent included in determining
Consolidated Net Income for such period: 
 (a) non-cash gains increasing Consolidated Net Income of the
Company for such period, excluding any non-cash gains to the extent they represent the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA in any prior period and any non-cash gains with respect to cash
actually received in a prior period so long as such cash did not increase Consolidated EBITDA in such prior period; plus 

(b) any net income from disposed, abandoned or discontinued operations; plus 

  
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 (c) an amount equal to the decrease in deferred revenue for
sales of vacation ownership intervals under construction (net of all related direct costs) at the end of such period from the deferred revenue for sales of vacation ownership intervals under construction (net of all related direct costs) at the end
of the previous period. 
 There shall be included in determining Consolidated EBITDA for any period, without duplication, (A) the
Acquired EBITDA of any Person, property, business or asset acquired by the Company or any Restricted Subsidiary during such period (but not the Acquired EBITDA of any related Person, property, business or assets to the extent not so acquired), to
the extent not subsequently sold, transferred or otherwise disposed by the Company or such Restricted Subsidiary during such period (each such Person, property, business or asset acquired and not subsequently so disposed of, an “Acquired
Entity or Business”) and the Acquired EBITDA of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each, a “Converted Restricted Subsidiary”), based on the actual Acquired EBITDA
of such Acquired Entity or Business or Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to such acquisition) and (B) for the purposes of compliance with the covenants set forth in Section 7.11 and the
calculation of Consolidated First Lien Net Leverage Ratio, Consolidated Interest Coverage Ratio and Consolidated Total Net Leverage Ratio, an adjustment in respect of each Acquired Entity or Business equal to the amount of the Pro Forma Adjustment
with respect to such Acquired Entity or Business for such period (including the portion thereof occurring prior to such acquisition) as specified in a certificate executed by a Responsible Officer and delivered to the Lenders and the Administrative
Agent. There shall be excluded in determining Consolidated EBITDA for any period the Disposed EBITDA of any Person, property, business or asset (other than an Unrestricted Subsidiary) sold, transferred or otherwise disposed of or, closed or
classified as discontinued operations (but if such operations are classified as discontinued due to the fact that they are subject to an agreement to dispose of such operations, only when and to the extent such operations are actually disposed of)
by the Company or any Restricted Subsidiary during such period (each such Person, property, business or asset so sold or disposed of, a “Sold Entity or Business”) and the Disposed EBITDA of any Restricted Subsidiary that is
converted into an Unrestricted Subsidiary during such period (each a “Converted Unrestricted Subsidiary”), based on the actual Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period
(including the portion thereof occurring prior to such sale, transfer or disposition). 
 “Consolidated First
Lien Net Debt” means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Company or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on property or assets
of the Company or any Restricted Subsidiary and (ii) the portion of Indebtedness of the Company or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on property or assets of the Company or any Restricted
Subsidiary, which Liens are expressly subordinated or junior to the Liens securing the Obligations. 
 “Consolidated
First Lien Net Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period. 

“Consolidated Interest Coverage Ratio” means, with respect to any Test Period, the ratio of
(a) Consolidated EBITDA for such Test Period to (b) Consolidated Interest Expense for such Test Period; provided, that for purposes of determining the amount of Consolidated Interest Expense included in the calculation of the
Consolidated Interest Coverage Ratio for the Test Period ending (a) the first fiscal quarter ended after the Closing Date, such amount shall equal such item for such fiscal quarter multiplied by four; (b) the second fiscal quarter ended
after the Closing Date, such amount shall equal such item for the two fiscal quarters then ended multiplied by two; and (c) the third fiscal quarter ended after the Closing Date, such amount shall equal such item for the three fiscal quarters
then ended multiplied by 4/3. 

  
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 “Consolidated Interest Expense” means, for any period, the
sum, without duplication, of: 
 (1) consolidated interest expense of the Company and its Restricted Subsidiaries for
such period, to the extent such expense was deducted (and not added back) in computing Consolidated Net Income (including (a) amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (b) all
commissions, discounts and other fees and charges owed with respect to letters of credit or bankers acceptances, (c) non-cash interest payments (but excluding any non-cash interest expense attributable to the movement in mark-to-market
valuation of Swap Obligations or other derivative instruments pursuant to GAAP), (d) the interest component of Capitalized Lease Obligations, and (e) net payments, if any made (less net payments, if any, received), pursuant to interest
rate Swap Obligations with respect to Indebtedness, and excluding (o) annual agency or similar fees paid to the administrative agents, collateral agents and other agents under any Credit Facilities, (p) costs associated with obtaining Swap
Obligations, (q) any expense resulting from the discounting of any Indebtedness in connection with the application of recapitalization accounting or, if applicable, purchase or acquisition accounting in connection with the Transactions, any
acquisition or other transaction, (r) penalties and interest relating to taxes, (s) any “additional interest” or “liquidated damages” with respect to other securities for failure to timely comply with registration
rights obligations, (t) amortization or expensing of deferred financing fees, amendment and consent fees, debt issuance costs, commissions, fees, expenses and discounted liabilities and any other amounts of non-cash interest, (u) any
expensing of bridge, commitment and other financing fees and any other fees related to the Transactions, any acquisitions after the Closing Date or other transaction, (v) commissions, discounts, yield and other fees and charges (including any
interest expense) related to any Qualified Securitization Financing, (w) any accretion of accrued interest on discounted liabilities and any prepayment, make-whole or breakage premium, penalty or cost, (x) interest expense attributable to
a parent entity resulting from push-down accounting, (y) any additional interest owing pursuant to the registration rights agreements with respect to the Closing Date Senior Unsecured Notes, the Target Notes or other securities and (z) any
lease, rental or other expense in connection with a Non-Financing Lease Obligation); plus 
 (2) consolidated capitalized
interest of the Company and its Restricted Subsidiaries for such period, whether paid or accrued; less 
 (3) interest income
of the Company and its Restricted Subsidiaries for such period. 
 For purposes of this definition, interest on a
Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP (or, if not implicit, as otherwise
determined in accordance with GAAP). 
 “Consolidated Net Income” means, for any period, the net income
(loss) of the Company and the Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP; provided, however, that, without duplication, 

(1) any after-tax effect of extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating
thereto), charges or expenses (including relating to the Transactions or any multi-year strategic initiatives), Transaction Expenses, restructuring and duplicative running costs, relocation costs, integration costs, facility consolidation and
closing costs, severance costs and expenses, one-time compensation charges, costs relating to pre-opening, opening and conversion costs for facilities, losses, costs or cost inefficiencies related to facility or property disruptions or shutdowns,
signing, retention and completion bonuses, costs incurred in connection with any strategic initiatives, transition costs, costs incurred in connection with acquisitions and non-recurring product and intellectual property development, other business
optimization expenses (including costs and expenses relating to business optimization programs and new systems design, inventory optimization programs, severance, contract termination costs, future lease commitments, excess pension charges,
retention charges, system establishment costs and implementation costs) and operating expenses attributable to the implementation of cost-savings initiatives, and curtailments or modifications to pension and post-retirement employee benefit plans
shall be excluded; 

  
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 (2) the cumulative effect of a change in accounting principles and changes
as a result of the adoption or modification of accounting policies during such period shall be excluded; 
 (3) any net
after-tax effect of gains or losses on disposal, abandonment or discontinuance of disposed, abandoned or discontinued operations, as applicable, shall be excluded; 

(4) any net after-tax effect of gains or losses (less all fees, expenses and charges relating thereto) attributable to asset
dispositions or abandonments or the sale or other disposition of any Equity Interests of any Person other than in the ordinary course of business shall be excluded; 

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

(6) solely for the purpose of determining the amount of the Builder Basket, the net income for such period of any Restricted
Subsidiary (other than any Guarantor) shall be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of its net income is not at the date of determination permitted without any
prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that
Restricted Subsidiary or its stockholders (other than restrictions in this Agreement), unless such restriction with respect to the payment of dividends or similar distributions has been legally waived; provided that the Consolidated Net
Income of the Company and its Restricted Subsidiaries will be increased by the amount of dividends or other distributions or other payments actually paid in Cash Equivalents (or to the extent converted into Cash Equivalents) to the Company or a
Restricted Subsidiary thereof in respect of such period, to the extent not already included therein; 
 (7) effects of
adjustments (including the effects of such adjustments pushed down to the Company and its Restricted Subsidiaries) in the Company’s consolidated financial statements pursuant to GAAP (including in the inventory (including any impact of changes
to inventory valuation policy methods, including changes in capitalization of variances), property and equipment, software, goodwill, intangible assets, in-process research and development, deferred revenue and debt line items thereof) resulting
from the application of recapitalization accounting or purchase accounting, as the case may be, in relation to the Transactions or any consummated acquisition or joint venture investment or the amortization or write-off or write-down of any amounts
thereof, net of taxes, shall be excluded; 
 (8) any after-tax effect of income (loss) from the early extinguishment or
conversion of (i) Indebtedness, (ii) Swap Obligations or (iii) other derivative instruments shall be excluded; 

(9) any impairment charge or asset write-off or write-down, including impairment charges or asset write-offs or write-downs
related to intangible assets, long-lived assets, investments in debt and equity securities and investments recorded using the equity method or as a result of a change in law or regulation, in each case, pursuant to GAAP, and the amortization of
intangibles arising pursuant to GAAP shall be excluded; 

  
 20 

 (10) any equity-based or non-cash compensation charge or expense including
any such charge or expense arising from grants of stock appreciation or similar rights, stock options, restricted stock, profits interests or other rights or equity or equity-based incentive programs (“equity incentives”), any one-time
cash charges associated with the equity incentives or other long-term incentive compensation plans (including under deferred compensation arrangements of the Company or any of its direct or indirect parent entities or subsidiaries), rollover,
acceleration, or payout of Equity Interests by management, other employees or business partners of the Company or any of its direct or indirect parent companies, shall be excluded; 

(11) any fees, expenses or charges incurred during such period, or any amortization thereof for such period, in connection with
any acquisition, recapitalization, investment, asset sale, disposition, Qualified Securitization Financing, incurrence or repayment of Indebtedness (including such fees, expenses or charges related to the offering and issuance of the Closing Date
Senior Unsecured Bridge Loans, the Closing Date Senior Unsecured Notes, the Target Notes and other securities and the syndication and incurrence of the Existing RCF Credit Agreement or any Facility or other credit facility), issuance of Equity
Interests, refinancing transaction or amendment or modification of any debt instrument (including any amendment or other modification of the Existing RCF Credit Agreement, the Closing Date Senior Unsecured Bridge Loans, the Closing Date Senior
Unsecured Notes, the Target Notes and other securities and any Facility or other credit facility) and including, in each case, any such transaction consummated on or prior to the Closing Date and any such transaction undertaken but not completed,
and any charges or non-recurring merger costs incurred during such period as a result of any such transaction, in each case whether or not successful or consummated (including, for the avoidance of doubt the effects of expensing all transaction
related expenses in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic No. 805, Business Combinations), shall be excluded; 

(12) accruals and reserves that are established or adjusted within twenty-four months after the closing of any acquisition or
transaction that are so required to be established as a result of such acquisition or transaction in accordance with GAAP or changes as a result of modifications of accounting policies shall be excluded; 

(13) any expenses, charges or losses to the extent covered by insurance or indemnity and actually reimbursed, or, so long as
the Company has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer or indemnifying party and only to the extent that such amount is in fact reimbursed within 365 days of the date of
the insurable or indemnifiable event (net of any amount so added back in any prior period to the extent not so reimbursed within the applicable 365-day period), shall be excluded; 

(14) any non-cash compensation expense resulting from the application of Accounting Standards Codification Topic No. 718,
Compensation—Stock Compensation, shall be excluded; 
 (15) the following items shall be excluded: 

(a) any net unrealized gain or loss (after any offset) resulting in such period from Swap Obligations and the
application of Accounting Standards Codification Topic No. 815, Derivatives and Hedging, 
 (b)
any net unrealized gain or loss (after any offset) resulting in such period from currency translation gains or losses including those related to currency remeasurements of Indebtedness (including any net loss or gain resulting from Swap Obligations
for currency exchange risk) and any other foreign currency translation gains and losses, to the extent such gain or losses are non-cash items, 

  
 21 

 (c) any adjustments resulting for the application of
Accounting Standards Codification Topic No. 460, Guarantees, or any comparable regulation, 
 (d)
effects of adjustments to accruals and reserves during a prior period relating to any change in the methodology of calculating reserves for returns, rebates and other chargebacks, and 

(e) earn-out, non-compete and contingent consideration obligations (including to the extent accounted for as
bonuses or otherwise) and adjustments thereof and purchase price adjustments; and 
 (16) reserves established for the
benefit of landlords of fee-for-service and just-in-time vacation ownership intervals for the acquisition of capitalized assets and equipment at such properties shall be excluded; and 

(17) if such Person is treated as a disregarded entity or partnership for U.S. federal, state and/or local income tax purposes
for such period or any portion thereof, the amount of distributions actually made to any direct or indirect parent company of such Person in respect of such period in accordance with Section 7.06(i)(iii) shall be included in calculating
Consolidated Net Income as though such amounts had been paid as taxes directly by such Person for such period. 
 In
addition, to the extent not already included in the Consolidated Net Income of the Company and its Restricted Subsidiaries, notwithstanding anything to the contrary in the foregoing, Consolidated Net Income shall include the amount of proceeds
received from business interruption insurance and reimbursements of any expenses and charges that are covered by indemnification or other reimbursement provisions in connection with any acquisition, investment or any sale, conveyance, transfer or
other disposition of assets permitted under this Agreement. 
 “Consolidated Total Net Debt” means, as of
any date of determination, an amount equal to the aggregate amount of all outstanding Indebtedness of the Company and its Restricted Subsidiaries on a consolidated basis consisting of Indebtedness for borrowed money, Obligations in respect of
Financing Lease Obligations and debt obligations evidenced by promissory notes and similar instruments, as determined in accordance with GAAP (excluding for the avoidance of doubt all undrawn amounts under revolving credit facilities and letters of
credit, and all obligations relating to Qualified Securitization Financing and Non-Financing Lease Obligations and excluding the effects of any discounting of Indebtedness resulting from the application of repurchase or purchase or acquisition
accounting in connection with the Transactions, any acquisition or other transaction) minus the sum of (i) the aggregate amount of cash and Cash Equivalents received by and reflected on the balance sheet of the Company and its Restricted
Subsidiaries constituting advance deposits on vacation ownership interval sales pending the closing thereof (after all applicable rescission periods) in an aggregate amount not to exceed $100,000,000 as of such date of determination plus
(ii) the aggregate amount of all unrestricted cash and Cash Equivalents on the balance sheet of the Company and its Restricted Subsidiaries as of such date; provided, that Consolidated Total Net Debt shall not include Indebtedness in
respect of (A) any letter of credit, except to the extent of unreimbursed amounts under standby letters of credit; provided that any unreimbursed amounts under commercial letters of credit shall not be counted as Consolidated Total Net
Debt until five Business Days after such amount is drawn and (B) Swap Obligations. The U.S. Dollar Equivalent principal amount of any Indebtedness denominated in a foreign currency will reflect the currency translation effects, determined
in accordance with GAAP, of Swap Obligations for currency exchange risks with respect to the applicable currency in effect on the date of determination of the U.S. Dollar Equivalent principal amount of such Indebtedness. 

  
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 “Consolidated Total Net Leverage Ratio” means, with respect
to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period. 

“Consolidated Working Capital” means, with respect to the Borrower and its Restricted Subsidiaries on a
consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided that increases or decreases in Consolidated Working Capital shall be
calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of
purchase accounting. 
 “Contract Consideration” has the meaning set forth in the definition of
“Excess Cash Flow.” 
 “Contractual Obligation” means, as to any Person, any provision of any
security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” has the meaning set forth in the definition of “Affiliate.” 

“Converted Restricted Subsidiary” has the meaning set forth in the definition of “Consolidated
EBITDA.” 
 “Converted Unrestricted Subsidiary” has the meaning set forth in the definition of
“Consolidated EBITDA.” 
 “Covenant Suspension Event” has the meaning set forth in Article VII.

 “Covered Entity” has the meaning set forth in Section 10.25(b). 

“Covered Party” has the meaning set forth in Section 10.25(a). 

“Credit Agreement Refinancing Indebtedness” means (a) Permitted First Priority Refinancing Debt,
(b) Permitted Second Priority Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) other Indebtedness incurred pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means
of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans and Revolving Credit Loans (or Revolving Credit Commitments), or any
then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and, in the case of Refinancing Term Loans, a Weighted Average Life to Maturity
equal to or greater, than the Refinanced Debt, (ii) such Indebtedness shall not have a greater principal amount than the principal amount of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable
fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, premiums, fees, rate floors and optional prepayment or
redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other
provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five (5) Business
Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Company has determined in
good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Administrative Agent notifies the Company within such five
(5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged,
all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, and all commitments thereunder terminated, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained. 

  
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 “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 

“Credit Party” has the meaning set forth in Section 9.16. 

“Credit Suisse Conduit Facility” means the Ninth Amended and Restated Indenture, dated as of August 24,
2020, by and among Diamond Resorts Issuer 2008 LLC, as issuer, Diamond Resorts Financial Services, Inc., as servicer, Wells Fargo Bank, National Association, as trustee, as custodian and as back-up servicer, and Credit Suisse AG, New York Branch, as
administrative agent (as amended by the Omnibus Amendment dated March 10, 2021) and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof, in whole or in part. 

“Cumulative Credit” means, at any date, an amount, not less than zero in the aggregate, determined on a
cumulative basis equal to, without duplication: 
 (a) the greater of (x) $350,000,000 and (y) 6.0% of Total Assets
(this clause (a), the “Starter Basket”); plus 
 (b) 50.0% of Consolidated Net Income for the period
from the first day of the fiscal quarter of the Company during which the Closing Date occurred to and including the last day of the most recently ended fiscal quarter of the Company (which amount shall not be less than zero) (this clause (b), the
“Builder Basket”); plus 
 (c) the cumulative amount of the cash and Cash Equivalent proceeds (other
than Excluded Contributions and any of the foregoing in connection with the Acquisition on the Closing Date) from (i) the sale of Equity Interests (other than any Disqualified Equity Interests) of the Company or any direct or indirect parent of
the Company after the Closing Date and on or prior to such time (including upon exercise of warrants or options) which proceeds have been contributed as common equity to the capital of the Company, (ii) the common Equity Interests of the
Company (or Holdings or any direct or indirect parent of Holdings) (other than Disqualified Equity Interests of the Company) issued upon conversion of Indebtedness (other than Indebtedness that is contractually subordinated to the Obligations) of
the Company or any Restricted Subsidiary of the Company owed to a Person other than a Loan Party or a Restricted Subsidiary of a Loan Party, in each case, not previously applied for a purpose other than use in the Cumulative Credit (including, for
the avoidance of doubt, for the purposes of Section 7.03(m)(y)); plus 
 (d) 100% of the aggregate amount of
contributions to the common capital (other than from a Restricted Subsidiary) of the Company received in cash and Cash Equivalents or the fair market value of marketable securities or other property after the Closing Date (other than Excluded
Contributions and other than in connection with the Acquisition on the Closing Date), excluding any such amount that has been applied in accordance with Section 7.03(m)(y); plus 

(e) 100% of the aggregate amount received by the Company or any Restricted Subsidiary of the Company in cash and Cash
Equivalents from: 
 (A) the sale (other than to the Company or any Restricted Subsidiary) of the Equity
Interests of an Unrestricted Subsidiary or any minority investments, or 

  
 24 

 (B) any dividend or other distribution by an Unrestricted
Subsidiary or received in respect of any minority investment (except to the extent increasing Consolidated Net Income and excluding Excluded Contributions), or 

(C) any interest, returns of principal payments and similar payments by an Unrestricted Subsidiary or received
in respect of any minority investments (except to the extent increasing Consolidated Net Income), plus 
 (f) in the
event any Unrestricted Subsidiary has been redesignated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, the Company or a Restricted Subsidiary,
the fair market value of the Investments of the Company and the Restricted Subsidiaries in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable) so long as
such Investments were originally made pursuant to Section 7.02(n)(ii), plus 
 (g) 100% of the aggregate amount
of any Declined Proceeds; minus 
 (h) to the extent not already included in Consolidated Net Income, an amount equal
to any returns in cash and Cash Equivalents (including dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received by the Company or any Restricted Subsidiary in respect of any
Investments made pursuant to Section 7.02(n)(ii), minus 
 (i) any amount of the Cumulative Credit used to make
Investments pursuant to Section 7.02(n)(ii) after the Closing Date and prior to such time, minus 
 (j) any
amount of the Cumulative Credit used to pay dividends or make distributions pursuant to Section 7.06(h)(ii) after the Closing Date and prior to such time, minus 

(k) any amount of the Cumulative Credit used to make payments or distributions in respect of Junior Financings pursuant to
Section 7.13(a)(iv)(B) after the Closing Date and prior to such time. 
 “Current Assets” means, with
respect to the Borrower and the Restricted Subsidiaries on a consolidated basis at any date of determination, all assets (other than cash and Cash Equivalents) of the Borrower and the Restricted Subsidiaries that would, in accordance with GAAP, be
classified on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries as current assets at such date of determination, other than amounts related to current or deferred Taxes based on income or profits (but excluding assets held
for sale, loans (permitted) to third parties, pension assets, deferred bank fees and derivative financial instruments). 

“Current Liabilities” means, with respect to the Borrower and the Restricted Subsidiaries on a consolidated
basis at any date of determination, all liabilities of the Borrower and the Restricted Subsidiaries that would, in accordance with GAAP, be classified on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries as current
liabilities at such date of determination, other than (a) the current portion of any Indebtedness, (b) accruals of Consolidated Interest Expense (excluding Consolidated Interest Expense that is past due and unpaid), (c) accruals for
current or deferred Taxes based on income or profits, (d) accruals of any costs or expenses related to restructuring reserves, and (e) any Revolving Credit Exposure. 

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

  
 25 

 “Declined Proceeds” has the meaning set forth in Section
2.05(b)(viiiix
). 
 “Default” means any event or condition that
constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

“Default Rate” means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate
applicable to Base Rate Loans (with respect to the Initial Term Loans, as in effect immediately prior to Amendment
No. 1) plus (c) 2.0% per annum; provided that with respect to the overdue principal or interest in respect of a Eurocurrency Rate Loan, the Default Rate shall be an interest
rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan, plus 2.0% per annum, in each case to the fullest extent permitted by applicable Laws. 

“Default Right” has the meaning set forth in Section 10.25(b). 

“Defaulting Lender” means any Lender whose acts or failure to act, whether directly or indirectly, cause it
to meet any part of the definition of “Lender Default.” 
 “Designated Affiliate” has the meaning
set forth in Section 10.01. 

“
Designated Equity Contribution” has the meaning set forth in Section 8.05(a).  

“Deutsche Bank Conduit Facility” means the Receivables Loan Agreement, dated as of December 16, 2016, by
and among Diamond Resorts DB Borrower LLC, as borrower, Wells Fargo Bank, National Association, as collateral agent, paying agent and securities intermediary, the persons from time to time party thereto as conduit lenders, the financial institutions
from time to time party thereto as committed lenders, the financial institutions from time to time party thereto as managing agents and Deutsche Bank Securities, Inc., as administrative agent and as structuring agent, as amended by that Omnibus
Amendment No. 1 to Receivables Loan Agreement and Performance Guaranty dated November 21, 2019, by that Omnibus Amendment No. 2 to Receivables Loan Agreement and Amendment No. 1 to Servicing Agreement dated July 15, 2020 and
by Amendment No. 3 to the Receivables Loan Agreement effective as of March 10, 2021 and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof, in whole or in part. 

“Discount Prepayment Accepting Lender” has the meaning set forth in Section 2.05(a)(v)(B)(2). 

“Discount Range” has the meaning set forth in Section 2.05(a)(v)(C)(1). 

“Discount Range Prepayment Amount” has the meaning set forth in Section 2.05(a)(v)(C)(1). 

“Discount Range Prepayment Notice” means a written notice of a Borrower Solicitation of Discount Range
Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form of Exhibit M-4. 

“Discount Range Prepayment Offer” means the irrevocable written offer by a Lender, substantially in the form
of Exhibit M-5, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice. 

“Discount Range Prepayment Response Date” has the meaning set forth in Section 2.05(a)(v)(C)(1). 

“Discount Range Proration” has the meaning set forth in Section 2.05(a)(v)(C)(3). 

  
 26 

 “Discounted Prepayment Determination Date” has the meaning
set forth in Section 2.05(a)(v)(D)(3). 
 “Discounted Prepayment Effective Date” means in the case of
a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offer or Borrower Solicitation of Discounted Prepayment Offer, five (5) Business Days following the Specified Discount Prepayment Response
Date, the Discount Range Prepayment Response Date or the Solicited Discounted Prepayment Response Date, as applicable, in accordance with Section 2.05(a)(v)(B)(1), Section 2.05(a)(v)(C)(1) or Section 2.05(a)(v)(D)(1), respectively,
unless a shorter period is agreed to between the Borrower and the Auction Agent. 
 “Discounted Term Loan
Prepayment” has the meaning set forth in Section 2.05(a)(v)(A). 
 “Disposed EBITDA” means,
with respect to any Sold Entity or Business or any Converted Unrestricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such Sold Entity or Business (determined as if references to the Company and the Restricted
Subsidiaries in the definition of Consolidated EBITDA (and in the component definitions used therein) were references to such Sold Entity or Business and its Subsidiaries or such Converted Unrestricted Subsidiary and its Subsidiaries) or such
Converted Unrestricted Subsidiary, all as determined on a consolidated basis for such Sold Entity or Business or such Converted Unrestricted Subsidiary. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (in
one transaction or in a series of transactions and whether effected pursuant to a Division or otherwise) of any property by any Person (including any sale and leaseback transaction and any sale or issuance of Equity Interests by a Subsidiary of such
Person), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith; provided that “Disposition” and
“Dispose” shall not be deemed to include any issuance by HGVI or Holdings of any of its Equity Interests to another Person. 

“Disqualified Equity Interests” means any Equity Interest that, by its terms (or by the terms of any security
or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a
sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full
of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments and the
termination or expiration of all outstanding Letters of Credit (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized, backstopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer
or deemed reissued under another agreement reasonably acceptable to the applicable L/C Issuer)), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity
Interests and other than as a result of a change of control, asset sale, casualty, condemnation or eminent domain so long as any rights of the holders thereof upon the occurrence of a change of control, asset sale, casualty, condemnation or eminent
domain event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the
Commitments)
and the expiration or termination of all outstanding Letters of Credit (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized, backstopped by a letter of credit reasonably satisfactory to the applicable
L/C Issuer or deemed reissued under another agreement reasonably acceptable to the applicable L/C Issuer)), in whole or in part, (c) provides for the scheduled payments of dividends in cash,
or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91) days after the Latest
Maturity Date at the time of issuance of such Equity Interests; provided that if such Equity Interests are issued pursuant to a plan for the benefit of future, present or former employees, directors, officers, managers, members, partners,
independent contractors or consultants of Holdings (or any direct or indirect parent thereof), the Company or the Restricted Subsidiaries or by any such plan to such employees, directors, officers, managers, members, partners, independent
contractors or consultants, such Equity Interests shall not constitute Disqualified Equity Interests solely because it may be required to be repurchased by the Company or its Restricted Subsidiaries in order to satisfy applicable statutory or
regulatory obligations or as a result of such employee’s, director’s, officer’s, manager’s, member’s, partner’s, independent contractor’s or consultant’s termination, death or disability or otherwise in
accordance with any management equity subscription agreement, stock option, stock appreciation right or other stock award agreement, stock ownership plan, put agreement, stockholder agreement or similar agreement. 

  
 27 

 “Disqualified Lenders” means the Persons listed on Schedule
1.01B. 
 “Distressed Person” has the meaning set forth in the definition of “Lender-Related
Distress Event.” 
 “Distribution Agreement” means the Distribution Agreement, dated as of
January 2, 2017, by and among Hilton Worldwide Holdings Inc., Hilton Domestic Operating Company Inc., PHRI and HGVI, as amended, supplemented, waived or otherwise modified from time to time in a manner not materially adverse to the Lenders when
taken as whole, as compared to the Distribution Agreement as in effect immediately prior to such amendment, supplement, waiver or modification. 

“Dividing Person” has the meaning set forth in the definition of “Division.” 

“Division” means the division of the assets, liabilities and/or obligations of a Person (the
“Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not
survive. 
 “Division Successor” means any Person that, upon the consummation of a Division of a Dividing
Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or
obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division. 

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

“
Dollar Denominated Loan” means any Loan incurred in Dollars. 

“
Dollar Denominated Letter of Credit” means any Letter of Credit incurred in Dollars. 

“
Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Approved Currency (other than Dollars), the equivalent amount
thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Approved
Currency. 
 “Domestic Subsidiary” means any
Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia. 

  
 28 

 “EEA Financial Institution” means (a) any credit
institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause
(a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision
with its parent; 
 “EEA Member Country” means any of the member states of the European Union, Iceland,
Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any
person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Yield” means, as to any Loans of any Class, the effective yield on such Loans, taking into account
the applicable interest rate margins, any interest rate floors or similar devices and all fees, including upfront or similar fees or OID (amortized over the shorter of (x) the original stated life of such Loans and (y) the four years
following the date of incurrence thereof) payable generally to Lenders making such Loans, but excluding amendment fees, arrangement fees, structuring fees, commitment fees, underwriting fees or other fees payable to any lead arranger (or its
affiliates) in connection with the commitment or syndication of such Indebtedness, consent fees paid to consenting Lenders, ticking fees on undrawn commitments and any other fees not paid or payable generally to all Lenders in the primary
syndication of such Indebtedness. 
 “Electronic Copy” has the meaning set forth in Section 10.26.

 “Electronic Record” has the meaning set forth in Section 10.26. 

“Electronic Signature” has the meaning set forth in Section 10.26. 

“Eligible Assignee” has the meaning set forth in Section 10.07(a). 

“Environment” means indoor air, ambient air, surface water, groundwater, drinking water, land surface,
subsurface strata and natural resources such as wetlands, flora and fauna. 
 “Environmental Laws” means
any applicable Law relating to pollution, protection of the Environment and natural resources, pollutants, contaminants, or chemicals or any toxic or otherwise hazardous substances, wastes or materials, or the protection of human health and safety
as it relates to any of the foregoing, including any applicable provisions of CERCLA. 
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of investigation and remediation, fines, penalties or indemnities), of or relating to the Loan Parties or any of their respective
Subsidiaries directly or indirectly resulting from or based upon (a) violation of, or liability under or relating to any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c) exposure to any Hazardous Materials, (d) the actual or alleged presence, Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing. 
 “Environmental Permit” means any
permit, approval, identification number, license or other authorization required under any Environmental Law. 

  
 29 

 “Equityholding Vehicle” means any direct or indirect parent
entity of the Company and any equityholder thereof through which future, present or former employees, directors, officers, managers, members or partners of the Company or any of its Subsidiaries or direct or indirect parent entities hold Equity
Interest of the Company or such parent entity. 
 “Equity Interests” means, with respect to any Person, all
of the shares, interests, rights, participations or other equivalents (however designated) of capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other rights for the purchase,
acquisition or exchange from such Person of any of the foregoing (including through convertible securities). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the
rules and regulations promulgated thereunder. 
 “ERISA Affiliate” means any trade or business (whether or
not incorporated) that, together with a Loan Party or any Restricted Subsidiary, is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code,
is treated as a single employer under Section 414 of the Code. 
 “ERISA Event” means (a) a
Reportable Event with respect to a Pension Plan; (b) a withdrawal by a Loan Party, any Restricted Subsidiary or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial
employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by a Loan Party, any Restricted Subsidiary or
any ERISA Affiliate from a Multiemployer Plan or a notification or determination that a Multiemployer Plan is in endangered or critical status; (d) the filing by the PBGC of a notice of intent to terminate any Pension Plan, the treatment of a
Pension Plan or Multiemployer Plan amendment as a termination under Sections 4041 or 4041A of ERISA, respectively, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) appointment of a trustee to
administer any Pension Plan or Multiemployer Plan; (f) with respect to a Pension Plan, the failure to satisfy the minimum funding standard of Section 412 of the Code or Section 302, 303 or 304 of ERISA, whether or not waived;
(g) any Foreign Benefit Event; or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon a Loan Party, any Restricted Subsidiary or any ERISA
Affiliate. 
 “Ethically Screened
Affiliate” means any Affiliate of a Person that (a) is managed as to day-to-day matters (but excluding, for the avoidance of doubt, as
to strategic direction and similar matters) independently from such person and any other Affiliate of such Person that is not an Ethically Screened
Affiliate, (b) has in place customary information screens between it and such person and any other Affiliate of such Person that is not an Ethically Screened Affiliate and (c) such Person or any other Affiliate of such Person that is not
an Ethically Screened Affiliate does not direct or cause the direction of the investment policies of such entity, nor does such Person’s or any such other Affiliate’s investment decisions influence the investment decisions of such
entity. 
 “EU Bail-In Legislation
Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurocurrency Rate” means: 

(a) for any Interest
Period for any Credit Extension denominated in Dollars, the rate
per annum equal to the London Interbank Offered Rate (“LIBOR”), or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at or about 11:00 a.m. (London time) on the Rate Determination Date, for deposits in the
relevant currency, with a term equivalent to such Interest Period; 

  
 30 

 (b) for any Interest Period for any Credit Extension denominated in Euros, the rate per annum equal to the Euro Interbank
Offered Rate (“EURIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day that
is two TARGET Days preceding the first day of such Interest Period with a term equivalent to such Interest Period; 

(c)
 for any Interest Period for any Credit Extension denominated in Canadian Dollars, the rate per annum equal to the Canadian Dollar Offered Rate (“CDOR”), as published on the applicable Reuters screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) (in such case, the “CDOR Rate”) on the Rate Determination Date with a term equivalent to such Interest Period; 
 (d) for any Interest Period for any Credit Extension denominated in Yen, the rate per annum equal to the Tokyo Interbank
Offer Rate (“TIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the Rate
Determination Date with a term equivalent to such Interest Period;  

(e)
 for any Interest Period for denominated in any other Alternative Currency (to the extent such Loans denominated in such currency will bear interest at a term rate), the term rate per annum as designated with respect to such Alternative Currency at
the time such Alternative Currency is approved by the Administrative Agent and the relevant Revolving Lenders pursuant to Section 1.11; and 

(bf) for any interest rate calculation with respect to a Base Rate Loan on
any date, the rate per annum equal to the LIBOR Rate, at or about 11:00 a.m. (London time) determined two (2) Business Days prior to such date for Dollar deposits being delivered in the London interbank market for deposits in Dollars with a
term of one (1) month commencing that day; 
 provided that (i) to the extent a comparable or successor
rate is approved by the Administrative Agent in consultation with the Company in connection with any rate set forth in this definition, the approved rate shall be applied in a manner consistent with prevailing market practice; provided,
further that to the extent the Administrative Agent is unable to reasonably administer such rate, such approved rate shall be applied in a manner consistent with alternative practices as reasonably determined by the Administrative Agent
acting in good faith and (ii) (x) with respect to the Initial Term Loans, if the Eurocurrency Rate shall be less than 0.50%, such rate shall be deemed 0.50% for purposes of this
Agreement and (y) with respect to the Revolving Credit Loans, if the Eurocurrency Rate shall be less than
0%, such rate shall be deemed 0% for purposes of this Agreement. 

“Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on clause (a) of the
definition of “Eurocurrency Rate”. Eurocurrency Rate Revolving Credit Loans may be denominated in any
Approved Currency (other than Sterling). 

“euro” means the single currency of participating member states of the economic and monetary union in
accordance with the Treaty of Rome 1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam Treaty of 1998. 

“Event of Default” has the meaning set forth in Section 8.01. 

  
 31 

 “Excess Cash Flow” means, for any period, an amount (which
shall not be less than zero) equal to the excess of 
 (a) the sum, without duplication, of: 

(i) Consolidated Net Income for such period, 

(ii) an amount equal to the amount of all non-cash charges to the extent deducted in arriving at such
Consolidated Net Income (provided that, in each case, if any non-cash charge represents an accrual or reserve for cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Excess Cash Flow in
such future period), 
 (iii) decreases in Consolidated Working Capital and long-term accounts receivable of
the Borrower and its Restricted Subsidiaries for such period (other than any such decreases arising from acquisitions or dispositions by the Company and its Restricted Subsidiaries completed during such period or the application of purchase
accounting), and 
 (iv) an amount equal to the aggregate net non-cash loss on Dispositions by the Company
and its Restricted Subsidiaries during such period (other than sales in the ordinary course of business) to the extent deducted in arriving at such Consolidated Net Income, minus  

(b) the sum, without duplication, of: 

(i) an amount equal to the amount of all non-cash credits included in arriving at such Consolidated Net Income
and cash charges included in clauses (1) through (17) of the definition of “Consolidated Net Income”, 

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

(iii) increases in Consolidated Working Capital and long-term accounts receivable of the Company and its
Restricted Subsidiaries for such period (other than any such increases arising from acquisitions or dispositions by the Company and its Restricted Subsidiaries during such period or the application of purchase accounting), 

(iv) without duplication of amounts deducted from Excess Cash Flow in prior periods, the aggregate
consideration required to be paid in cash by the Company and its Restricted Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered into prior to or during such period relating to acquisitions that
constitute Investments permitted under this Agreement or Capital Expenditures or acquisitions of intellectual property to the extent not expected to be consummated or made, plus any restructuring cash expenses, pension payments or tax contingency
payments that have been added to Excess Cash Flow pursuant to clause (a)(ii) above required to be made, in each case during the period of four consecutive fiscal quarters of the Company following the end of such period; provided that to the extent
the aggregate amount of internally generated cash actually utilized to finance such Permitted Acquisitions, Capital Expenditures or acquisitions of intellectual property during such period of four consecutive fiscal quarters is less than the
Contract Consideration, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of such period of four consecutive fiscal quarters, 

(v) cash expenditures in respect of Swap Contracts during such fiscal year to the extent not deducted in
arriving at such Consolidated Net Income, and 

  
 32 

 (vi) any payment of cash to be amortized or expensed over a
future period and recorded as a long-term asset. 
 Notwithstanding anything in the definition of any term used in the
definition of Excess Cash Flow to the contrary, all components of Excess Cash Flow shall be computed for the Company and its Restricted Subsidiaries on a consolidated basis. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended (and with respect to the definitions of
“Change of Control” and “Permitted Holders” only, as in effect on the Closing Date). 

“Excluded Contract” means, at any date, any rights or interest of the Company or any Guarantor under any
agreement, contract, license, instrument, document or other general intangible (referred to solely for purposes of this definition as a “Contract”) to the extent that such Contract by the terms of a restriction in favor of a
Person who is not the Company or any Guarantor, or any requirement of law, prohibits, or requires any consent or establishes any other condition for or would terminate because of an assignment thereof or a grant of a security interest therein by the
Company or a Guarantor; provided that (i) rights under any such Contract otherwise constituting an Excluded Contract by virtue of this definition shall be included in the Collateral to the extent permitted thereby or by
Section 9-406 or Section 9-408 of the Uniform Commercial Code and (ii) all proceeds paid or payable to any of the Company or any Guarantor from any sale, transfer or assignment of such Contract and all rights to receive such proceeds
shall be included in the Collateral. 
 “Excluded Contribution” means net cash proceeds, marketable
securities or Qualified Proceeds received by the Company from: 
 (1) contributions to its common equity
capital; 
 (2) dividends, distributions, fees and other payments (A) from Unrestricted Subsidiaries and
any of their Subsidiaries, (B) received in respect of any minority investments and (C) from any joint ventures that are not Restricted Subsidiaries; and 

(3) the sale (other than to a Subsidiary of the Company or to any management equity plan or stock option plan
or any other management or employee benefit plan or agreement of the Company) of Equity Interest (other than Disqualified Equity Interests and preferred stock) of the Company or any direct or indirect parent entity to the extent contributed as
common equity capital to the Company; 
 in each case (i) to the extent designated as Excluded Contributions by the
Company pursuant to an officer’s certificate executed by the principal financial officer of the Company and (ii) excluding any of the foregoing in connection with the Acquisition on the Closing Date. 

“Excluded Equipment” means, at any date, any equipment or other assets of the Company or any Guarantor which
is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings, the Company or a Subsidiary contained in the agreements or
documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an
assignment thereof, or a grant of a security interest therein, by the Company or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Company or any Guarantor with the proceeds of such Capitalized Lease
Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Company or any Guarantor from any sale, transfer or assignment or other
voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money
obligations secured by such assets. 

  
 33 

 “Excluded Subsidiary” means (a) any Subsidiary that is
not a wholly owned Subsidiary of the Company or a Guarantor, (b) any Subsidiary of a Guarantor that does not have total assets in excess of 1.0% of Total Assets, individually or in the aggregate with all other Subsidiaries excluded via this
clause (b), (c) [reserved], (d) any Subsidiary that is prohibited by applicable Law or Contractual Obligations existing on the Closing Date (or, in the case of any newly acquired Subsidiary, in existence at the time of acquisition but not
entered into in contemplation thereof) from guaranteeing the Obligations or if guaranteeing the Obligation would require governmental (including regulatory) consent, approval, license or authorization (unless such consent, approval, license or
authorization has been obtained), (e) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent, in consultation with the Company, the burden or cost or other consequences (including any material adverse
tax consequences) of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (f) any direct or indirect Foreign Subsidiary of the Company, (g) any not-for-profit Subsidiaries, (h) any
Unrestricted Subsidiaries, (i) any Securitization Subsidiary or Subsidiary of a Securitization Subsidiary, (j) any direct or indirect Domestic Subsidiary substantially all of the assets of which consist of the Equity Interests of one or
more Foreign Subsidiaries that are “controlled foreign corporations” within the meaning of Section 957 of the Code, (k) any Domestic Subsidiary that is a direct or indirect Subsidiary of a Foreign Subsidiary and (l) any
captive insurance subsidiaries (such Subsidiaries are listed on Schedule 1.01D). 
 “Existing RCF Credit
Agreement” means that certain Credit Agreement, dated as of December 28, 2016 (as amended by Amendment No. 1, dated as of November 28, 2018, Amendment No. 2, dated as of May 8, 2020, Amendment No. 3, dated as
of December 10, 2020, and Amendment No. 4, dated as of March 19, 2021, and as the same may be further amended, modified, refinanced and/or restated from time to time), among Parent, the Company, the other borrowers party thereto from
time to time, the guarantors party thereto from time to time, and Bank of America, N.A., as administrative agent, collateral agent, swing line lender and l/c issuer. 

“Excluded Swap Obligation” means, with respect to any Guarantor, (a) any Swap Obligation if, and to the
extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule,
regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) (i) by virtue of such Guarantor’s failure to constitute an “eligible contract participant,” as
defined in the Commodity Exchange Act and the regulations thereunder (determined after giving effect to Section 11.12 and any other applicable agreement for the benefit of such Guarantor and any and all applicable guarantees of such
Guarantor’s Swap Obligations by other Loan Parties), at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation or (ii) in the
case of a Swap Obligation that is subject to a clearing requirement pursuant to section 2(h) of the Commodity Exchange Act, because such Guarantor is a “financial entity,” as defined in section 2(h)(7)(C) of the Commodity Exchange Act, at
the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation or (b) any other Swap Obligation designated as an “Excluded Swap
Obligation” of such Guarantor as specified in any agreement between the relevant Loan Parties and the Approved Counterparty applicable to such Swap Obligations. If a Swap Obligation arises under a master agreement governing more than one Swap,
such exclusion shall apply only to the portion of such Swap Obligation that is attributable to the Swap for which such guarantee or security interest is or becomes excluded in accordance with the first sentence of this definition. 

  
 34 

“
Existing Letters of Credit” means those certain letters of credit set forth on Schedule 1.01H.  

“Existing Revolver Tranche” has the meaning set forth in Section 2.16(b). 

“Existing Term Loan Tranche” has the meaning set forth in Section 2.16(a). 

“
Expiring Credit Commitment” has the meaning set forth in Section 2.04(g).  

“Extended Revolving Credit Commitments” has the meaning set forth in Section 2.16(b). 

“Extended Term Loans” has the meaning set forth in Section 2.16(a). 

“Extending Revolving Credit Lender” has the meaning set forth in Section 2.16(c). 

“Extending Term Lender” has the meaning set forth in Section 2.16(c). 

“Extension” means the establishment of an Extension Series by amending a Loan pursuant to Section 2.16
and the applicable Extension Amendment. 
 “Extension Amendment” has the meaning set forth in
Section 2.16(d). 
 “Extension Election” has the meaning set forth in Section 2.16(c). 

“Extension Request” means any Term Loan Extension Request or a Revolver Extension Request, as the case may
be. 
 “Extension Series” means any Term Loan Extension Series or a Revolver Extension Series, as the case
may be. 
 “Facility” means a given Class of Initial Term Loans or Incremental Term Loans, a given
Refinancing Series of Refinancing Term Loans, a given Extension Series of Extended Term Loans, the Revolving Credit
Facility, a given Class of Incremental Revolving Credit Commitments, a given Refinancing Series of Other Revolving Credit Commitments, a given Extension Series of Extended Revolving Credit
Commitments, as the context may require. 
 “FATCA” means Sections 1471 through 1474 of the Code
(including, for the avoidance of doubt, any agreements entered into pursuant to Section 1471(b)(1) of the Code), as of the Closing Date (and any amended or successor version thereof that is substantively comparable and not materially more
onerous to comply with), any current or future Treasury Regulations or other official administrative guidance promulgated thereunder and any intergovernmental agreements entered into in connection with the implementation thereof. 

“FCPA” means the U.S. Foreign Corrupt Practices Act of 1977, as amended. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System on such day, as published on the next succeeding Business Day by the Federal Reserve Bank of New York; provided that (a) if such day is not a Business Day,
the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published for any day that is a Business Day, the
average of the rate charged to the Administrative Agent on such day for such transactions as determined by the Administrative Agent; provided that if such rate as determined above is negative, it shall be deemed to be 0.00%. 

  
 35 

 “Financial Covenant Event of Default” has the
meaning provided in Section 8.01(b). 
 “FIRREA” means the Financial Institutions Reform, Recovery
and Enforcement Act of 1989, as amended. 
 “First Lien Intercreditor Agreement” means the First Lien
Intercreditor Agreement, dated as of the Closing Date, among Holdings, the Company, the subsidiaries of the Company from time to time party thereto, the Collateral Agent, Bank of America, N.A., as collateral agent under the Existing RCF Credit
Agreement and one or more collateral agents or representatives for the holders of Indebtedness that is permitted under Section 7.03 to be, and intended to be, secured on a pari passu basis with the Obligations. 

“Fitch” means Fitch Ratings, Inc. or any successor by merger or consolidation to its business. 

“Fixed Charges” means, with respect to the Company and its Restricted Subsidiaries for any period, the sum
of, without duplication: 
 (1) Consolidated Interest Expense for such period; 

(2) all cash dividends or other distributions paid (excluding items eliminated in consolidation) on any series of preferred
stock during such period; and 
 (3) all cash dividends or other distributions paid (excluding items eliminated in
consolidation) on any series of Disqualified Equity Interests during such period. 
 “Fixed Incremental
Amount” has the meaning set forth in Section 2.14(d). 
 “Foreign Benefit Event” means, with
respect to any Foreign Pension Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any applicable law or in excess of the amount that would be permitted absent a waiver from applicable governmental authority
or (b) the failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments. 

“
Foreign Currency Denominated Letter of Credit” means any Letter of Credit denominated in an Approved Foreign Currency. 

“
Foreign Currency Denominated Loan” means any Revolving Credit Loan incurred in any Approved Foreign Currency. 

“Foreign Disposition” has the meaning set forth in Section 2.05(b)(xi). 

“Foreign Pension Plan” means any benefit plan that under applicable Law is required to be funded through a
trust or other funding vehicle other than a trust or funding vehicle maintained exclusively by a Governmental Authority. 

“Foreign Subsidiary” means any direct or indirect Restricted Subsidiary of the Company that is not a Domestic
Subsidiary. 
 “Foreign Subsidiary Total Assets” means the total assets of the Foreign Subsidiaries, as
determined on a consolidated basis in accordance with GAAP in good faith by a Responsible Officer. 
 “FRB”
means the Board of Governors of the Federal Reserve System of the United States. 

  
 36 

“
Fronting Exposure” means, at any time there is a Defaulting Lender that is a Revolving Credit Lender, (a) with respect to the L/C Issuer, such Defaulting Lender’s Pro Rata Share of the outstanding L/C Obligations other than L/C
Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Credit Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender,
such Defaulting Lender’s Pro Rata Share of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Credit Lenders or Cash Collateralized in
accordance with the terms hereof. 
 “Fund”
means any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course. 

“GAAP” means generally accepted accounting principles in the United States of America, as in effect from time
to time; provided, however, that (i) if the Company notifies the Administrative Agent that the Company requests an amendment to any provision hereof to eliminate the effect of any change in accounting principles or change as a
result of the adoption or modification of accounting policies (including, but not limited to, the impact of Accounting Standards Update 2016-12, Revenue from Contracts with Customers (Topic 606) or similar revenue recognition policies or any change
in the methodology of calculating reserves for returns, rebates and other chargebacks and Accounting Standards Update 2016-13, Measurement of Credit Losses on Financial Instruments or any change in the methodology of calculating current expected
credit losses) in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Company that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of
whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance herewith, (ii) GAAP shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under
FASB ASC Topic 825 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Company or any of its Subsidiaries at “fair value,” as defined therein, and
Indebtedness shall be measured at the aggregate principal amount thereof, and (iii) the accounting for operating leases and financing or capital leases under GAAP as in effect on January 1, 2015 (including, without limitation, Accounting
Standards Codification 840) shall apply for the purposes of determining compliance with the provisions of this Agreement, including the definition of Capitalized Leases and obligations in respect thereof. 

“GAAP Accounting Changes” has the meaning specified in Section 1.03. 

“Global Coordinators” means BofA Securities, Inc., Deutsche Bank Securities Inc. and Barclays Bank PLC, in
their respective capacities as global coordinators under this Agreement. 
 “Governmental Authority” means
any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government. 
 “Granting Lender” has
the meaning set forth in Section 10.07(i). 

  
 37 

 “Guarantee” means, as to any Person, without duplication,
(a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the “primary obligor”) in
any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation,
(ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance of such Indebtedness or other monetary obligation,
(iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other monetary
obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect such obligee against loss in respect
thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person (or
any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of
business, or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect to
Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or
determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

“Guaranteed Obligations” has the meaning set forth in Section 11.01. 

“Guarantors” means, collectively, (i) Holdings, (ii) HGVI, (iii) [reserved], (iv) the
wholly owned Domestic Subsidiaries of the Company (other than any Excluded Subsidiary), (v) those wholly owned Domestic Subsidiaries that issue a Guaranty of the Obligations after the Closing Date pursuant to Section 6.11 or otherwise, at
the option of the Company, issues a Guaranty of the Obligations after the Closing Date and (vi) solely in respect of any Secured Hedge Agreement or Treasury Services Agreement to which the Company is not a party, the Company. 

“Guaranty” means, collectively, the guaranty of the Obligations by the Guarantors pursuant to this Agreement.

 “Hazardous Materials” means all materials, pollutants, contaminants, chemicals, compounds, constituents,
substances or wastes, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, lead, radon gas, pesticides, fungicides, fertilizers, or toxic mold that are regulated pursuant to, or which
could give rise to liability under, applicable Environmental Law. 
 “HGVI” means Hilton Grand Vacations
Inc., a Delaware corporation, and not any of its Subsidiaries or Affiliates. 
 “HGVI Audited Financial
Statements” means the audited consolidated balance sheets and related statements of operations, stockholder’s equity and cash flows of HGVI as of and for the fiscal years ended December 31, 2020, December 31, 2019 and
December 31, 2018. 
 “HGVI Unaudited Financial Statements” means the unaudited consolidated balance
sheets and related statements of operations, stockholder’s equity and cash flows of HGVI as of and for the fiscal quarters ended March 31, 2021 and June 30, 2021. 

“HGVJ” means Hilton Grand Vacations Japan, LLC. 

  
 38 

 “Holding Company” means any Person so long as Holdings is a
direct or indirect wholly owned Subsidiary of such Person, and at the time Holdings became a Subsidiary of such Person, no Person and no group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act as in effect on
the Closing Date), including any such group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act as in effect on the Closing Date) (other than any Permitted Holder),
shall have beneficial ownership (within the meaning of Rule 13d- 3 under the Exchange Act as in effect on the Closing Date), directly or indirectly, of more than 50% of the total voting power of the Equity Interests of such Person. 

“Holdings” means Parent, if it is the direct parent of the Company, or, if not, any Domestic Subsidiary of
Parent that directly owns 100% of the issued and outstanding Equity Interests in the Company and issues a Guarantee of the Obligations and agrees to assume the obligations of “Holdings” pursuant to this Agreement and the other Loan
Documents pursuant to one or more instruments in form and substance reasonably satisfactory to the Administrative Agent. 
 “Honor Date” has the meaning set forth in Section 2.03(c)(i). 
 “Identified Participating Lenders” has the meaning set forth
in Section 2.05(a)(v)(C)(3). 
 “Identified Qualifying Lenders” has the meaning set forth in
Section 2.05(a)(v)(D)(3). 
 “Immaterial Subsidiary” has the meaning set forth in Section 8.03.

 “Incremental Amendment” has the meaning set forth in Section 2.14(f). 

“Incremental Facility Closing Date” has the meaning set forth in Section 2.14(d). 

“Incremental Loan Request” has the meaning set forth in Section 2.14(a). 

“Incremental Revolving Credit Commitments” has the meaning set forth in Section 2.14(a). 

“Incremental Revolving Credit Lender” has the meaning set forth in Section 2.14(c). 

“Incremental Revolving Credit Loan” has the meaning set forth in Section 2.14(b). 

“Incremental Term Commitments” has the meaning set forth in Section 2.14(a). 

“Incremental Term Lender” has the meaning set forth in Section 2.14(c). 

“Incremental Term Loan” has the meaning set forth in Section 2.14(b). 

“Indebtedness” means, with respect to any Person, without duplication: 

(a) any indebtedness of such Person, whether or not contingent 

(i) representing the principal in respect of borrowed money; 

(ii) representing the principal in respect of obligations evidenced by bonds, notes, debentures or similar
instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in respect thereof); 

  
 39 

 (iii) representing the principal component in respect of
obligations to pay the deferred and unpaid balance of the purchase price of any property (including Financing Lease Obligations) which purchase price is due more than one year from the date of incurrence of the obligation in respect thereof, except
(1) any such balance that constitutes an obligation in respect of a commercial letter of credit, a trade payable or similar obligation to a trade or similar business creditor, in each case accrued in the ordinary course of business,
(2) any earn-out obligations or purchase price adjustments until such obligation is treated as a liability on the balance sheet (excluding the footnotes thereto) (or until 60 days after such obligation becomes due and payable),
(3) accruals for payroll and other liabilities accrued in the ordinary course of business and (4) liabilities associated with customer prepayments and deposits; or 

(iv) representing the net obligations under any Swap Obligations; 

if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Swap Obligations) would appear as
a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; provided, that Indebtedness of any direct or indirect parent of the Company appearing upon the balance sheet of the Company
solely by reason of push-down accounting under GAAP shall be excluded; 
 (b) to the extent not otherwise
included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, the obligations of the type referred to in clause (a) of a third Person (whether or not such items would appear upon the balance sheet of
such first Person), other than by endorsement of negotiable instruments for collection in the ordinary course of business; 

(c) to the extent not otherwise included, the obligations of the type referred to in clause (a) of a third
Person secured by a Lien on any asset owned by such first Person, whether or not such Indebtedness is assumed by such first Person; provided, that the amount of any such Indebtedness will be the lesser of (a) the fair market value of
such asset at such date of determination and (b) the amount of such Indebtedness of such third Person; and 

(d) the principal component of all obligations, or liquidation preference, of such Person with respect to any
Disqualified Equity Interest or, with respect to any Restricted Subsidiary, any preferred stock (but excluding, in each case, any accrued dividends); 

provided, that notwithstanding the foregoing, Indebtedness shall be deemed not to include (a) contingent
obligations incurred in the ordinary course of business or consistent with past practice, (b) Non-Financing Lease Obligations, Qualified Securitization Financing, straight-line leases, operating leases, Sale and Lease-Back Transactions (except
any resulting Capitalized Lease Obligations) or lease lease-back transactions, (c) obligations under any license, permit or other approval (or guarantees given in respect of such obligations) incurred prior to the Closing Date or in the
ordinary course of business or consistent with past practice, (d) in connection with the purchase by the Company or any Restricted Subsidiary of any business, any post-closing payment adjustments to which the seller may become entitled to the
extent such payment is determined by a final closing balance sheet or such payment depends on the performance of such business after the closing; provided, however, that, at the time of closing, the amount of any such payment is not determinable
and, to the extent such payment thereafter becomes fixed and determined, the amount is paid in a timely manner, (e) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed
obligations of the seller, (f) any obligations attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto, (g) accrued expenses and royalties,
(h) [reserved], (i) any obligations in respect of workers’ compensation claims, unemployment insurance, retirement, post-employment or termination obligations (including pensions and retiree medical care), pension fund obligations or
contributions or similar claims, or social security or wage taxes or contributions, (j) deferred or prepaid revenues, (k) any asset retirement obligations, (l) any liability for taxes or (m) all intercompany Indebtedness having a
term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business; provided, further, that Indebtedness shall be calculated without giving effect to the effects of Financial
Accounting Standards Board Accounting Standards Codification Topic No. 815 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose hereunder as a result of accounting
for any embedded derivatives created by the terms of such Indebtedness. 

  
 40 

 “Indemnified Liabilities” has the meaning set forth in
Section 10.05. 
 “Indemnified Taxes” means, with respect to any Agent or any Lender, all Taxes other
than (i) Taxes imposed on or measured by its net income, however denominated, and franchise (and similar) Taxes imposed in lieu of net income Taxes by a jurisdiction (A) as a result of such recipient being organized in or having its
principal office (or, in the case of any Lender, its applicable Lending Office) in such jurisdiction (or any political subdivision thereof), or (B) as a result of any other connection between such Lender or Agent and such jurisdiction other
than any connections arising from executing, delivering, being a party to, engaging in any transactions pursuant to, performing its obligations under, receiving payments under, or enforcing, any Loan Document, (ii) Taxes attributable to the
failure by any Agent or Lender to deliver the documentation required to be delivered pursuant to Section 3.01(d), (iii) any branch profits Taxes imposed by the United States or any similar Tax, imposed by any jurisdiction described in
clause (i) above, (iv) in the case of any Lender (other than an assignee pursuant to a request by the Company under Section 3.07), any U.S. federal withholding Tax that is in effect on the date such Lender acquires an applicable
interest in a Loan or Commitment, or designates a new Lending Office, except to the extent such Lender (or its assignor, if any) was entitled immediately prior to the time of designation of a new Lending Office (or assignment) to receive additional
amounts with respect to such withholding Tax pursuant to Section 3.01, (v) any withholding Taxes imposed under FATCA, and (vi) any U.S. federal backup withholding imposed as a result of a failure by a Lender that is a United States
person as defined in Section 7701(a)(30) of the Code to deliver the form described in Section 3.01(d)(i). For
the avoidance of doubt, the term “Lender” for purposes of this definition shall include each L/C Issuer and Swing Line Lender. 

“Indemnitees” has the meaning set forth in Section 10.05. 

“Information” has the meaning set forth in Section 10.08. 

“Initial Term Commitment” means, as to each Term Lender, its obligation to make an Initial Term Loan to the
Company. The initial aggregate amount of the Initial Term Commitments is $1,300,000,000. 
 “Initial Term
Loans” means the term loans made by the Lenders on the Closing Date to the Company under this Agreement in an aggregate principal amount of $1,300,000,000. 

“Intellectual Property Security Agreements” has the meaning set forth in the Security Agreement. 

“Intercompany Note” means a promissory note substantially in the form of Exhibit I. 

“Intercreditor Agreements” means the First Lien Intercreditor Agreement and the Junior Lien Intercreditor
Agreement, collectively, in each case to the extent in effect. 

  
 41 

 “Interest Payment Date” means, (a) as to any
Eurocurrency Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date of the Facility under which such Loan was made; provided that if any Interest Period for a Eurocurrency Rate Loan exceeds three months,
the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates and, (b) as to any Alternative Currency Daily Rate Loan, the first Business Day of each month and the Maturity Date of the
Facility under which such Loan was made and (c) as to any Base Rate
Loan (including a Swing Line Loan), the last Business Day
of each March, June, September and December and the Maturity Date of the Facility under which such Loan was made. 

“Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such
Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan and ending on the date one, three or six months thereafter or, to the extent agreed by each Lender of such Eurocurrency Rate Loan, twelve months or, to the
extent agreed by the Administrative Agent, less than one month thereafter, as selected by the Borrower in its Committed Loan Notice; provided that: 

(i) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the
next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

(ii) any Interest Period (other than an Interest Period having a duration of less than one month) that begins
on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such
Interest Period; and 
 (iii) no Interest Period shall extend beyond the Maturity Date of the Facility under
which such Loan was made. 
 “Investment” means, as to any Person, any direct or indirect acquisition or
investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness
of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person (excluding, in the case of the Company and its Restricted
Subsidiaries, (i) intercompany advances arising from their cash management, tax, and accounting operations, in each case, in the ordinary course of business or consistent with past practice and (ii) intercompany loans, advances, or
Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business or consistent with past practice) or (c) the purchase or other acquisition (in one transaction or
a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person. For purposes of covenant compliance, the amount of
any Investment at any time shall be the amount actually invested (measured at the time made), without adjustment for subsequent increases or decreases in the value of such Investment, but net of any return in respect of such Investment, including
dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and
BBB- (or the equivalent) by S&P, or if the applicable securities or loans are not then rated by Moody’s or S&P, an equivalent rating by any other nationally recognized statistical rating agency. 

“IP Rights” has the meaning set forth in Section 5.17. 

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

  
 42 

 “ISDA Definitions” means the 2006 ISDA Definitions
published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the
International Swaps and Derivatives Association, Inc. or such successor thereto. 
 “Joint Bookrunners”
means BofA Securities, Inc., Deutsche Bank Securities Inc., Barclays Bank PLC, Credit Suisse Loan Funding LLC, JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA and MUFG Bank, Ltd., in their respective capacities as joint bookrunners under this
Agreement. 
 “Junior Financing” has the meaning set forth in Section 7.13(a). 

“Junior Financing Documentation” means any documentation governing any Junior Financing. 

“Junior Lien Intercreditor Agreement” means an intercreditor agreement substantially in the form of
Exhibit J-2 hereto (which agreement in such form or with immaterial changes thereto the Collateral Agent is authorized to enter into) between the Collateral Agent and one or more collateral agents or representatives for the holders of
Permitted Ratio Debt issued or incurred pursuant to Sections 7.03 (q) or (s) that are intended to be secured on a basis junior to the Obligations. Wherever in this Agreement, an Other Debt Representative is required to become party to the
Junior Lien Intercreditor Agreement, if the related Indebtedness is the initial Indebtedness incurred by the Company or any Restricted Subsidiary to be secured by a Lien on a basis junior to the Liens securing the Obligations, then the Company,
Holdings, the Subsidiary Guarantors, the Administrative Agent and the Other Debt Representative for such Indebtedness shall execute and deliver the Junior Lien Intercreditor Agreement. 

“
L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Pro Rata Share or other applicable share provided for under this Agreement. All
L/C Advances shall be denominated in Dollars.  
 “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has
not been reimbursed on the applicable Honor Date or refinanced as a Revolving Credit Borrowing. All L/C Borrowings shall be denominated in Dollars. 

“
L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof.

“
L/C Disbursement” means any payment made by an L/C Issuer pursuant to a Letter of Credit. 

“
L/C Issuer” means Bank of America, N.A. and any other Lender that becomes an L/C Issuer in accordance with Sections 2.03(k), 9.09(d) or 10.07(k), in each case, in its capacity as an issuer of Letters of Credit hereunder, or any successor
issuer of Letters of Credit hereunder. If there is more than one L/C Issuer at any given time, the term L/C Issuer shall refer to the relevant L/C Issuers. Any L/C Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued
by Affiliates of similar creditworthiness of such L/C Issuer, in which case the term “L/C Issuer” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. Each reference herein to the “L/C
Issuer” in connection with a Letter of Credit or other matter shall be deemed to be a reference to the relevant L/C Issuer with respect thereto. 

“
L/C Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of
computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 2.03(l). For all purposes of this Agreement, if on any date of determination a Letter of
Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of
Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

  
 43 

 “Latest Maturity Date” means, at any date of determination,
the latest Maturity Date applicable to any Loan or Commitment hereunder at such time, including the latest maturity date of any Refinancing Term Loan, any Refinancing Term Commitment, any Extended Term Loan, any Extended Revolving Credit Commitment,
any Incremental Term Loans, any Incremental Revolving Credit Commitments or any Other Revolving Credit Commitments, in each case as extended in accordance with this Agreement from time to time. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules,
guidelines, regulations, ordinances, codes and administrative or judicial precedents, orders, decrees, injunctions or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority. 

“LCT Election” has the meaning provided in Section 1.09. 

“LCT Test Date” has the meaning provided in Section 1.09. 

“Lender” has the meaning set forth in the introductory paragraph to this Agreement and, as the context requires, includes an L/C Issuer and the Swing Line Lender, and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a “Lender.” 

“Lender Default” means (i) the refusal (which may be given verbally or in writing and has not been
retracted) or failure of any Lender to make available its portion of any incurrence of revolving loans or reimbursement obligations required to be made by it, which refusal or failure is not cured within two Business Days after the date of such
refusal or failure, unless such Lender notifies the Administrative Agent in writing that such refusal or failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions
precedent shall be specifically identified in writing) has not been satisfied; (ii) the failure of any Lender to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two bBusiness
dDays of the date when due, unless subject to a good faith dispute (or the
failure of any Revolving Credit Lender to pay over to any L/C Issuer or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, unless subject to a good faith dispute); (iii) a Lender has notified the Company or the Administrative Agent that it does not intend to comply with its funding obligations, or has made a public statement to that effect with respect to its funding
obligations, under any Facility or under other agreements generally in which it commits to extend credit; (iv) a Lender has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with its
funding obligations under any Facility (provided that such Lender shall cease to be a Defaulting Lender upon the Administrative Agent’s receipt of such confirmation in form and substance reasonably satisfactory to the Administrative Agent); or
(v) a Lender has admitted in writing that it is insolvent or such Lender becomes subject to a Lender-Related Distress Event or a Bail-In Action. Any determination by the Administrative Agent that a Lender Default has occurred under any one or
more of clauses (i) through (v) above shall be conclusive and binding absent manifest error, and the applicable Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice of such
determination to the Company, each L/C Issuer, each Swing Line Lender and each Lender. 

  
 44 

 “Lender-Related Distress Event” means, with respect to any
Lender or any person that directly or indirectly controls such Lender (each, a “Distressed Person”), as the case may be, a voluntary or involuntary case with respect to such Distressed Person under any Debtor Relief Law, or a
custodian, conservator, receiver or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person or any person that directly or indirectly controls such
Distressed Person is subject to a forced liquidation, or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such
Distressed Person or its assets to be, insolvent or bankrupt; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any Lender or any
person that directly or indirectly controls such Lender by a Governmental Authority or an instrumentality thereof, so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the
United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. 

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

“
Letter of Credit” means any standby letter of credit issued hereunder. A Letter of Credit may be issued in any Approved Currency. 

“
Letter of Credit Expiration Date” means the day that is five (5) Business Days prior to the scheduled Maturity Date then in effect for the applicable Revolving Credit Facility (or, if such day is not a Business Day, the next
preceding Business Day). 
 “Letter of Credit Issuance Request” means a letter of credit request substantially in the form of Exhibit
B. 
 “Letter of Credit Sublimit” means an amount equal to the lesser of (a) $50,000,000 and (b) the
aggregate amount of the Amendment No. 1 Revolving Credit Commitments. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility. 

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

“LIBOR Successor Rate” has the meaning set forth in Section 3.03. 

“LIBOR Successor Rate Conforming
Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest
Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters as may be appropriate, in the discretion of the Administrative Agent in consultation with the Borrower, to
reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that
adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines is
reasonably necessary in connection with the administration of this Agreement). 

“LIBOR Screen Rate” means the LIBOR quote on the applicable screen page that the Administrative Agent
designates to determine LIBOR (or such other commercially available source providing such quotations as designated by the Administrative Agent from time to time). 

  
 45 

 “License Agreement” means the Amended and Restated License
Agreement, dated as of March 10, 2021, by and between Hilton Worldwide Holdings Inc. and HGVI, as amended, supplemented, waived or otherwise modified from time to time in a manner not materially adverse to the Lenders when taken as a whole, as
compared to the License Agreement as in effect immediately prior to such amendment, supplement, waiver or modification. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other
encumbrance on title to Real Property, and any Capitalized Lease having substantially the same economic effect as any of the foregoing); provided that in no event shall a Non-Financing Lease Obligation be deemed to constitute a Lien. 

“Limited Condition Transaction” means the incurrence or assumption of any Indebtedness or Liens or the making
of any Investments, Restricted Payments or fundamental changes, the repayment of any Indebtedness for which an irrevocable notice of prepayment or redemption is required or the designation of any Restricted Subsidiaries or Unrestricted Subsidiaries,
in each case, in connection with a Permitted Acquisition or similar permitted Investment the consummation of which is not conditioned on the availability of, or obtaining, third party financing. 

“Loan” means an extension of credit by a Lender to a Borrower under Article II in the form of a Term Loan or, a Revolving Credit Loan or a Swing Line Loan (including any Incremental Term Loan and any extensions of credit under any Incremental Revolving Credit
Commitments).;
provided that, solely for the purpose of Section 8.04, (x) the definition of “Loan” shall also include any L/C Borrowing and (y) subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fourth in Section 8.04 shall be applied to satisfy drawings under such Letters of Credit as they occur (it being understood and agreed that if any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth in Section 8.04 and, if no Obligations remain outstanding, to the
Borrower as applicable). 
 “Loan Documents”
means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Collateral Documents, (iv) each Intercreditor Agreement to the extent then in
effect
and, (v) each Letter of Credit Issuance Request and (vi) any Refinancing
Amendment, Incremental Amendment or Extension Amendment. 
 “Loan Parties” means, collectively,
Holdings, the Company and each Subsidiary Guarantor. 
 “LTM Consolidated EBITDA” means Consolidated EBITDA
for the Test Period most recently ended prior to the date of determination, calculated on a Pro Forma Basis. 

“Management Stockholders” means the future, present or former members, directors, officers, managers or
partners of management of HGVI, Holdings, the Company or any of its Subsidiaries who are investors in Holdings or any direct or indirect parent thereof, including any such future, present or former employees, directors, officers, managers, members
or partners owning through an Equityholding Vehicle. 
 “Margin Stock” has the meaning set forth in
Regulation U issued by the FRB. 
 “Market Capitalization” means an amount equal to (i) the total
number of issued and outstanding shares of common Equity Interests of HGVI (or, as the case may be, of a direct or indirect parent entity whose Equity Interests are traded on a securities exchange) on the date of the declaration of a Restricted
Payment multiplied by (ii) the arithmetic mean of the closing prices per share of such common Equity Interests on the principal securities exchange on which such common Equity Interests are traded for the 30 consecutive trading days immediately
preceding the date of declaration of such Restricted Payment. 

  
 46 

 “Marketing Services Agreement” means the Marketing Services
Agreement, dated as of January 2, 2017, by and between Hilton Parent and HGV Parent, as amended by the First Amendment, effective as of May 1, 2018 and Second Amendment, effective as of March 10, 2021, as further amended,
supplemented, waived or otherwise modified from time to time in a manner not materially adverse to the holders of the Notes when taken as a whole, as compared to the License Agreement as in effect immediately prior to such amendment, supplement,
waiver or modification. 
 “Master Agreement” has the meaning set forth in the definition of “Swap
Contract.” 
 “Material Adverse Effect” means a (a) material adverse effect on the business,
operations, assets, liabilities (actual or contingent) or financial condition of the Company and its Restricted Subsidiaries, taken as a whole; (b) material adverse effect on the ability of the Borrower and the Loan Parties (taken as a whole)
to fully and timely perform any of their payment obligations under any Loan Document to which the Borrower or any of the Loan Parties is a party; or (c) material adverse effect on the rights and remedies available to the Lenders or any Agent
under any Loan Document. 
 “Maturity Date” means (i) with respect to the Initial Term Loans, the date
that is seven years after the Closing Date; provided that, if on June 2, 2024 more than $100.0 million in aggregate principal amount of the Target Notes (or any Indebtedness incurred to refinance the Target Notes having a maturity date
on or prior to September 1, 2024) is outstanding, the “Maturity Date” of the Initial Term Loans shall be June 2, 2024, (ii) with respect to
the Amendment No. 1 Revolving Credit Commitments, the date that is five years after the Amendment No. 1
Effective Date, (iii) with respect to any tranche of Extended Term Loans or Extended Revolving Credit Commitments, the final maturity date applicable thereto as specified in the applicable
Extension Request accepted by the respective Lender or Lenders,
(iiiiv
) with respect to any Refinancing Term Loans or Other Revolving Credit Commitments, the final maturity date applicable thereto as specified in the applicable Refinancing Amendment and (ivv) with respect to any Incremental Term Loans or Incremental Revolving Credit Commitments, the final maturity date applicable thereto as specified in the applicable Incremental Amendment; provided, in
each case, that if such date is not a Business Day, then the applicable Maturity Date shall be the next succeeding Business Day. 

“Maximum Rate” has the meaning set forth in Section 10.10. 

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

“Multiemployer Plan” means any employee benefit plan of the type described in Sections 3(37) or
4001(a)(3) of ERISA, to which the Company, any Restricted Subsidiary or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding six years, has made or been obligated to make contributions. 

“Natixis Conduit Facility” means the Receivables Loan Agreement, dated as of March 30, 2017, among
Diamond Resorts Natixis Borrower, LLC, as borrower, Wells Fargo Bank, National Association, as collateral agent, paying agent and securities intermediary, the persons from time to time party thereto as conduit lenders, the financial institutions
from time to time party thereto as committed lenders, the financial institutions from time to time party thereto as managing agents and Natixis New York Branch, as administrative agent, as amended by that Omnibus Amendment dated as of March 22,
2019 and by that letter agreement dated March 10, 2021 and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof, in whole or in part. 

  
 47 

 “Net Proceeds” means: 

(a) 100% of the aggregate cash proceeds received by the Company or any of the Restricted Subsidiaries in
respect of any Disposition or Casualty Event, net of the direct costs relating to such Disposition or Casualty Event, including legal, accounting and investment banking fees, payments made in order to obtain a necessary consent or required by
applicable law, and brokerage and sales commissions, any relocation expenses incurred as a result thereof, other customary fees and expenses, including title and recordation expenses and taxes paid or payable as a result thereof (after taking into
account any available tax credits or deductions and any tax sharing arrangements), amounts required to be applied to the repayment of principal, premium, if any, and interest on amounts required to be applied to the repayment of Indebtedness secured
by a Lien (other than a Lien that ranks pari passu with or subordinated to the Liens securing the Obligations) on such assets and required (other than Indebtedness under the Loan Documents) to be paid (and is timely repaid) as a result of such
transaction and any deduction of appropriate amounts to be provided by the Company or any of its Restricted Subsidiaries as a reserve in accordance with GAAP against any liabilities (other than any taxes deducted pursuant to the foregoing)
associated with the asset disposed of in such transaction and retained by the Company or any of its Restricted Subsidiaries after such sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities
related to environmental matters or against any indemnification obligations associated with such transaction (however, the amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any such liability)
shall be deemed to be Net Proceeds of such Disposition or Casualty Event occurring on the date of such reduction); provided that in the case of any Disposition or Casualty Event by a non-wholly owned Restricted Subsidiary, the pro rata
portion of the Net Proceeds thereof attributable to minority interests and not available for distribution to or for the account of the Company or a wholly owned Restricted Subsidiary may be deducted from such Net Proceeds; provided further
that if no Default exists, the Company may reinvest any portion of such proceeds in assets useful for its business (which shall include any Investment permitted by this Agreement) within 12 months of such receipt and such portion of such
proceeds shall not constitute Net Proceeds except to the extent not, within 12 months of such receipt, so reinvested or contractually committed to be so reinvested (it being understood that if any portion of such proceeds are not so used within such
12-month period but within such 12-month period are contractually committed to be used, then upon the termination of such contract or if such Net Proceeds are not so used within 18 months of initial receipt, such remaining portion shall constitute
Net Proceeds as of the date of such termination or expiry without giving effect to this proviso; it being further understood that such proceeds shall constitute Net Proceeds notwithstanding any investment notice if there is a Specified Default at
the time of a proposed reinvestment unless such proposed reinvestment is made pursuant to a binding commitment entered into at a time when no Specified Default was continuing); provided, further, that no proceeds realized in a single
transaction or series of related transactions shall constitute Net Proceeds (x) unless such proceeds shall exceed the greater of (i) $75,000,000 and (ii) 1.5% of Total Assets and (y) the aggregate net proceeds excluded under
clause (x) exceeds the greater of (i) $112,500,000 and (ii) 2.5% of Total Assets in any fiscal year (and thereafter only net cash proceeds in excess of such amount in clauses (x) or (y) shall constitute Net Proceeds under
this clause (a)), and 
 (b) 100% of the cash proceeds from the incurrence, issuance or sale by the Company
or any of the Restricted Subsidiaries of any Indebtedness, net of all taxes paid or reasonably estimated to be payable as a result thereof and fees (including investment banking fees and discounts), commissions, costs and other expenses, in each
case incurred in connection with such incurrence, issuance or sale. 
 For purposes of calculating the amount of Net
Proceeds, fees, commissions and other costs and expenses payable to the Company or any Restricted Subsidiary shall be disregarded. 

  
 48 

 “New Project” means (x) each property or resort which
is either a new property or resort or an expansion, relocation, remodeling, or substantial modernization of an existing property or resort owned by the Company or its Restricted Subsidiaries which in fact commences operations and (y) each
creation (in one or a series of related transactions) of a business unit (including, without limitation, individual resorts) to the extent such business unit commences operations or each expansion (in one or series of related transactions) of
business into a new market. 
 “Non-Consenting Lender” has the meaning set forth in Section 3.07(d).

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

“
Non-Expiring Credit Commitment” has the meaning set forth in Section 2.04(g).  

“
Non-Extension Notice Date” has the meaning set forth in Section 2.03(b)(iii). 

“Non-Financing Lease Obligation” means a lease obligation that is not required to be accounted for as a
financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non- Financing Lease
Obligation. 
 “Not Otherwise Applied” means, with reference to any amount of Net Proceeds of any
transaction or event, that such amount (a) was not required to be applied to prepay the Loans pursuant to Section 2.05(b) and (b) was not previously (and is not concurrently being) applied in determining the permissibility of a
transaction under the Loan Documents where such permissibility was or is (or may have been) contingent on receipt of such amount or utilization of such amount for a specified purpose. The Company shall promptly notify the Administrative Agent of any
application of such amount as contemplated by (b) above. 
 “Note” means a Term Note or a Revolving Credit Note, as the context may require. 

“Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially
in the form of Exhibit N or such other form as may be reasonably approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be reasonably approved by the Administrative Agent),
appropriately completed and signed by a Responsible Officer. 
 “Obligations” means all (x) advances
to, and debts, liabilities, obligations, covenants and duties of, any Loan Party or Borrower arising under any Loan Document or otherwise with respect to any
Loan, or Letter of
Credit (including, for the avoidance of doubt, the obligation hereunder to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit),
whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or
Borrower of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding and (y) obligations of any Loan Party or any
Restricted Subsidiary arising under any Secured Hedge Agreement or any Treasury Services Agreement. Without limiting the generality of the foregoing, the Obligations of the Borrower and the Loan Parties under the Loan Documents include (a) the
obligation (including guarantee obligations) to pay principal, interest, Letter of Credit fees, reimbursement
obligations, charges, expenses, fees, Attorney Costs, indemnities and other amounts payable by any Loan Party or Borrower under any Loan Document and (b) the obligation of any Loan Party or
Borrower to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party or Borrower. Notwithstanding the foregoing, the obligations of the Company or any
Restricted Subsidiary under any Secured Hedge Agreement or any Treasury Services Agreement shall be secured and guaranteed pursuant to the Collateral Documents and the Guaranty only to the extent that, and for so long as, the other Obligations are
so secured and guaranteed. Notwithstanding the foregoing, Obligations of any Guarantor shall in no event include any Excluded Swap Obligations of such Guarantor. 

  
 49 

 “Odawara P&S Agreement” means that certain real estate
purchase and sale agreement dated December 21, 2016 as amended by the amendment agreement dated on January 26, 2018 concerning the sale by Odawara Hilton Co., Ltd. to HGVJ of certain real estate located in Odawara, Kanagawa Prefecture,
Japan and related land and building acquisitions in connection with the development of HGVJ’s business in such real estate. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Offered Amount” has the meaning set forth in Section 2.05(a)(v)(D)(1). 

“Offered Discount” has the meaning set forth in Section 2.05(a)(v)(D)(1). 

“OID” means original issue discount. 

“Organization Documents” means (a) with respect to any corporation, the certificate or articles of
incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and
operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing
or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or
organization of such entity. 
 “Other Applicable Indebtedness” has the meaning set forth in
Section 2.05(b)(ii). 
 “Other Debt Representative” means, with respect to any series of Permitted
First Priority Refinancing Debt or Permitted Second Priority Refinancing Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued,
incurred or otherwise obtained, as the case may be, and each of their successors in such capacities. 
 “Other
Revolving Credit Commitments” means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment. 

“Other Revolving Credit Loans” means one or more Classes of Revolving Credit Loans that result from a
Refinancing Amendment. 
 “Other Taxes” has the meaning set forth in Section 3.01(b). 

“Outstanding Amount” means
(a) with respect to the Term Loans and, Revolving Credit Loans and Swing Line Loans on any date, the aggregate outstanding Principal Amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans and, Revolving Credit Loans (including any refinancing of outstanding unpaid
drawings under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing) and Swing Line Loans, as the case may be, occurring on such date.; and (b) with
respect to any L/C Obligations on any date, the aggregate outstanding Principal Amount thereof on such date
after giving effect to any L/C Credit Extension occurring on such date and any other changes thereto as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit (including any refinancing
of outstanding unpaid drawings under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing) or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date. 

  
 50 

 “Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the Federal
Funds Rate.
and (b) with respect to any amount denominated in an Approved Foreign Currency, the rate of interest per annum at which overnight deposits in such currency, in an amount approximately equal to the amount with respect to which such rate is being
determined, would be offered for such day by a branch or Affiliate of the Administrative Agent in the applicable offshore interbank market for such currency to major banks in such interbank
market. 
 “Parent” has the meaning set forth
in the introductory paragraph to this Agreement. 
 “Participant” has the meaning set forth in
Section 10.07(f). 
 “Participant Register” has the meaning set forth in Section 10.07(f). 

“Participating Lender” has the meaning set forth in Section 2.05(a)(v)(C)(2). 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower, any Loan Party or any ERISA Affiliate or to which the Borrower, any Loan Party or any ERISA Affiliate
contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding six years. 

“Perfection Certificate” means a certificate in the form of Exhibit H hereto or any other form
reasonably approved by the Collateral Agent, as the same shall be supplemented from time to time. 
 “Permitted
Acquisition” has the meaning set forth in Section 7.02(i). 
 “Permitted First Priority Refinancing
Debt” means any Permitted First Priority Refinancing Notes and any Permitted First Priority Refinancing Loans. 

“Permitted First Priority Refinancing Loans” means any Credit Agreement Refinancing Indebtedness in the form
of secured loans incurred by the Company in the form of one or more tranches of loans not under this Agreement; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the
control of remedies) with the Obligations and is not secured by any property or assets of Holdings, the Company or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness is not at any time guaranteed by any Subsidiaries
other than Subsidiaries that are Loan Parties or (iii) such Indebtedness does not mature or have scheduled amortization or payments of principal (other than customary offers to repurchase upon a change of control, asset sale or event of loss
and a customary acceleration right after an event of default) on or prior to the date that is the Latest Maturity Date at the time such Indebtedness is incurred or issued. 

  
 51 

 “Permitted First Priority Refinancing Notes” means any
Credit Agreement Refinancing Indebtedness in the form of secured Indebtedness (including any Registered Equivalent Notes) incurred by the Company in the form of one or more series of senior secured notes; provided that (i) such
Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Obligations and is not secured by any property or assets of Holdings, the Company or any Restricted Subsidiary other than
the Collateral, (ii) such Indebtedness is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Loan Parties, (iii) such Indebtedness does not mature or have scheduled amortization or payments of principal (other
than customary offers to repurchase upon a change of control, asset sale or event of loss and a customary acceleration right after an event of default) on or prior to the date that is the Latest Maturity Date at the time such Indebtedness is
incurred or issued, (iv) the security agreements relating to such Indebtedness are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably satisfactory to the
Administrative Agent) and (v) an Other Debt Representative acting on behalf of the holders of such Indebtedness shall have become party to each Intercreditor Agreement. Permitted First Priority Refinancing Debt will include any Registered
Equivalent Notes issued in exchange therefor. 
 “Permitted Holders” means (i) the Management
Stockholders (including any Management Stockholders holding Equity Interests through an Equityholding Vehicle), (ii) any Person who is acting solely as an underwriter in connection with a public or private offering of Equity Interests of the
Company or any of its direct or indirect parent companies, acting in such capacity, (iii) any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any as in effect on the Closing Date) of which any
of the foregoing, any Holding Company, Permitted Plan or any Person or group that becomes a Permitted Holder specified in the last sentence of this definition are members and any member of such group; provided, that in the case of such group and
without giving effect to the existence of such group or any other group, Persons referred to in subclauses (i) and (ii), collectively, have beneficial ownership of more than 50.0% of the total voting power of the Equity Interests of the Company
or any of its direct or indirect parent companies held by such group, (iv) any Holding Company and (v) any Permitted Plan. 

“Permitted Intercompany Activities” means any transactions between or among the Company and its Subsidiaries
(for the avoidance of doubt, including Unrestricted Subsidiaries) that are entered into in the ordinary course of business of the Company and its Subsidiaries and, in the good faith judgment of the Company are necessary or advisable in connection
with the ownership or operation of the business of the Company and its Subsidiaries, including, but not limited to, (i) payroll, cash management, purchasing, insurance and hedging arrangements; (ii) management, technology and licensing
arrangements; and (iii) HHonors, Hilton Grand Vacations Club and similar customer loyalty and rewards programs. 

“Permitted Other Debt Conditions” means that such applicable debt (i) does not mature or have scheduled
amortization payments of principal or payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligations (except customary asset sale or change of control provisions that provide for the prior
repayment in full of the Loans and all other Obligations), in each case on or prior to the Latest Maturity Date at the time such Indebtedness is incurred, (ii) is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are
Guarantors, and (iii) to the extent secured, the security agreements relating to such Indebtedness are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably
satisfactory to the Administrative Agent). 
 “Permitted Plan” means any employee benefits plan of the
Company or any of its Affiliates (including any Equityholding Vehicle) and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan. 

  
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 “Permitted Ratio Debt” means Indebtedness of the Company or
any Restricted Subsidiary so long as immediately after giving Pro Forma Effect thereto and to the use of the proceeds thereof (but without netting the proceeds thereof) (i) no Event of Default shall be continuing or result therefrom (or if the
proceeds of such Indebtedness are being used to finance a Permitted Acquisition or other similar Investment not prohibited by this Agreement, no Event of Default under Sections 8.01(a) or (f) shall be continuing or result therefrom),
(ii) [reserved] and (iii) (x) if such Indebtedness is secured on a pari passu basis with the Facilities, the Consolidated First Lien Net Leverage Ratio is no greater than the Applicable Consolidated First Lien Net Leverage
Ratio Level (or if such Indebtedness is incurred in connection with a Permitted Acquisition or other similar Investment not prohibited by this Agreement, no greater than the greater of (1) the Applicable Consolidated First Lien Net Leverage
Ratio Level and (2) the Consolidated First Lien Net Leverage Ratio immediately prior to the consummation of such Permitted Acquisition or Investment) and (y) if such Indebtedness is secured on a junior basis to the Facilities, the
Consolidated Total Net Leverage Ratio is no greater than the Applicable Consolidated Total Net Leverage Ratio Level (or if such Indebtedness is incurred in connection with a Permitted Acquisition or other similar Investment not prohibited by this
Agreement, no greater than the greater of (1) the Applicable Consolidated Total Net Leverage Ratio Level and (2) the Consolidated Total Net Leverage Ratio immediately prior to the consummation of such Permitted Acquisition or Investment);
provided that, such Indebtedness shall (A) in the case of clause (x) above, have a maturity date that is after the Latest Maturity Date at the time such Indebtedness is incurred, and in the case of clause (y) above, have a
maturity date that is at least ninety-one (91) days after the Latest Maturity Date at the time such Indebtedness is incurred, (B) in the case of clause (x) above, have a Weighted Average Life to Maturity not shorter than the longest
remaining Weighted Average Life to Maturity of the Facilities and, in the case of clause (y) above, shall not be subject to scheduled amortization prior to maturity, (C) if such Indebtedness is incurred or guaranteed on a secured basis by
a Loan Party, be subject to the Junior Lien Intercreditor Agreement and, if the Indebtedness is secured on a pari passu basis with the Facilities, be subject to the First Lien Intercreditor Agreement and (D) have terms and conditions
(other than pricing, rate floors, discounts, fees, premiums and optional prepayment or redemption provisions) that in the good faith determination of the Company are not materially less favorable (when taken as a whole) to the Company than the terms
and conditions of the Loan Documents (when taken as a whole) (provided that a certificate of the Company as to the satisfaction of the conditions described in this clause (D) delivered at least five (5) Business Days prior to the
incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of documentation relating thereto, stating that the Company has determined in good faith that such
terms and conditions satisfy the foregoing requirements of this clause (D), shall be conclusive unless the Administrative Agent notifies the Company within such five (5) Business Day period that it disagrees with such determination (including a
description of the basis upon which it disagrees)); provided, further, that any such Indebtedness incurred pursuant to clauses (x) or (y) above by a Restricted Subsidiary that is not a Loan Party, together with any
Indebtedness incurred by a Restricted Subsidiary that is not a Loan Party pursuant to Sections 7.03(g), 7.03(q) or 7.03(w), does not exceed in the aggregate at any time outstanding the greater of (1) $240,000,000 and (2) 4.25% of
Total Assets; provided, further, that if the Company has made a Qualified Acquisition Election, solely with respect to the fiscal quarter in which such Qualified Acquisition is consummated and each of the next succeeding three (3) fiscal
quarters, the Applicable Consolidated First Lien Net Leverage Ratio Level for the purposes of clause (iii)(x) (but not, for the avoidance of doubt, clause (iii)(x)(2)) of this definition shall be increased by 0.50:1.00 and the Applicable
Consolidated Total Net Leverage Ratio Level for the purposes of clause (iii)(y) (but not, for the avoidance of doubt, clause (iii)(y)(2)) of this definition shall be increased by 0.50:1.00. 

  
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 “Permitted Refinancing” means, with respect to any Person,
any modification, refinancing, refunding, renewal, replacement or extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or
accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed, replaced or extended except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses
reasonably incurred, in connection with such modification, refinancing, refunding, renewal, replacement or extension and by an amount equal to any existing commitments unutilized thereunder, (b) other than with respect to a Permitted
Refinancing in respect of Indebtedness permitted pursuant to Section 7.03(e), such modification, refinancing, refunding, renewal, replacement or extension has a final maturity date equal to or later than the final maturity date of, and has a
Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended, (c) other than with respect to a Permitted Refinancing in
respect of Indebtedness permitted pursuant to Section 7.03(e), at the time thereof, no Event of Default shall have occurred and be continuing and (d) if such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended
is Junior Financing, (i) to the extent such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal, replacement
or extension is subordinated in right of payment to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended,
(ii) such modification, refinancing, refunding, renewal, replacement or extension is incurred by the Person who is the obligor of the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended and (iii) if the
Indebtedness being modified, refinanced, refunded, renewed, replaced or extended was subject to an Intercreditor Agreement, the holders of such modified, refinanced, refunded, renewed, replaced or extended Indebtedness (if such Indebtedness is
secured) or their representative on their behalf shall become party to such Intercreditor Agreement. 
 “Permitted
Second Priority Refinancing Debt” means Credit Agreement Refinancing Indebtedness constituting secured Indebtedness (including any Registered Equivalent Notes) incurred by the Company in the form of one or more series of second lien (or
other junior lien) secured notes or second lien (or other junior lien) secured loans; provided that (i) such Indebtedness is secured by the Collateral on a second priority (or other junior priority) basis to the liens securing the
Obligations and the obligations in respect of any Permitted First Priority Refinancing Debt and is not secured by any property or assets of Holdings, the Company or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness may
be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and the obligations in respect of any Permitted First Priority Refinancing Debt, notwithstanding any provision to the contrary contained in the definition of
“Credit Agreement Refinancing Indebtedness,” (iii) an Other Debt Representative acting on behalf of the holders of such Indebtedness shall have become party to the Junior Lien Intercreditor Agreement as a “Second Priority
Representative” thereunder, and (iv) such Indebtedness meets the Permitted Other Debt Conditions. Permitted Second Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor. 

“Permitted Unsecured Refinancing Debt” means Credit Agreement Refinancing Indebtedness in the form of
unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Company in the form of one or more series of senior unsecured notes or loans; provided that (i) such Indebtedness constitutes Credit Agreement Refinancing
Indebtedness and (ii) meets the Permitted Other Debt Conditions. 
 “Person” means any natural person,
corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“PHRI” means Park Hotels & Resorts Inc., a Delaware corporation. 

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA)
sponsored, maintained or contributed to by the Borrower or any Loan Party or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 

“Platform” has the meaning set forth in Section 6.02. 

“Pledged Debt” has the meaning set forth in the Security Agreement. 

“Pledged Equity” has the meaning set forth in the Security Agreement. 

  
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 “Post-Acquisition Period” means, with respect to any
Permitted Acquisition or the conversion of any Unrestricted Subsidiary into a Restricted Subsidiary, the period beginning on the date such Permitted Acquisition or conversion is consummated and ending on the first anniversary of the date on which
such Permitted Acquisition or conversion is consummated. 
 “Premium Yield Facility” means the Receivables
Loan Agreement, dated as of March 29, 2019, by and among Diamond Resorts CS Borrower LLC, as borrower, Wells Fargo Bank, National Association, as collateral agent, as paying agent and as securities intermediary, the financial institutions from
time to time party thereto as lenders and Credit Suisse AG, New York Branch, as administrative agent and including the Servicing Agreement referred to therein dated as of March 29, 2019 (as such Servicing Agreement is referred to therein dated
as of March 29, 2019 (as such Servicing Agreement is amended by Omnibus Amendment No. 1, dated as of March 29, 2019 and Omnibus Amendment No. 2 dated March 10, 2021) and any amendments, supplements, modifications,
extensions, renewals, restatements or refundings thereof, in whole or in part. 
 “Prime Rate” means the
rate of interest per annum determined from time to time by the Administrative Agent as its prime rate in effect at its principal office in New York City and notified to the Company. 

“Principal Amount” means
(a) the stated or principal amount of each Loan.Dollar Denominated
Loan or Dollar Denominated Letter of Credit or L/C Obligation with respect thereto, as applicable, and (b) the Dollar Equivalent of the stated or principal amount of each Foreign Currency Denominated Loan and Foreign Currency Denominated Letter
of Credit or L/C Obligation with respect thereto, as the context may require. 

“Pro Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal quarter included
in any Post-Acquisition Period, with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated EBITDA of the Company, the pro forma increase or decrease in such Acquired
EBITDA or such Consolidated EBITDA, as the case may be, projected by the Company in good faith as a result of (a) actions taken during such Post-Acquisition Period for the purposes of realizing reasonably identifiable and factually supportable
cost savings or (b) any additional costs incurred during such Post-Acquisition Period, in each case in connection with the combination of the operations of such Acquired Entity or Business or Converted Restricted Subsidiary with the operations
of the Company and the Restricted Subsidiaries; provided that (i) at the election of the Company, such Pro Forma Adjustment shall not be required to be determined for any Acquired Entity or Business or Converted Restricted Subsidiary to
the extent the aggregate consideration paid in connection with such acquisition was less than $25,000,000, and (ii) so long as such actions are taken during such Post-Acquisition Period or such costs are incurred during such Post-Acquisition
Period, as applicable, for purposes of projecting such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, it may be assumed that such cost savings will be realizable during the entirety of such
Test Period, or such additional costs, as applicable, will be incurred during the entirety of such Test Period; provided, further, that any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case
may be, shall be without duplication for cost savings or additional costs already included in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period. 

  
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 “Pro Forma Basis”, “Pro Forma Compliance”
and “Pro Forma Effect” mean, with respect to compliance with any test hereunder, that (A) to the extent applicable, the Pro Forma Adjustment shall have been made and (B) all Specified Transactions and the following
transactions in connection therewith shall be deemed to have occurred as of the first day of the applicable period of measurement in such test: (a) income statement items (whether positive or negative) attributable to the property or Person
subject to such Specified Transaction, (i) in the case of a Disposition of all or substantially all Equity Interests in any Subsidiary of the Company or any division, product line, or facility used for operations of the Company or any of its
Subsidiaries, shall be excluded, and (ii) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction”, shall be included, (b) any retirement of Indebtedness, and (c) any
Indebtedness incurred or assumed by the Company or any of the Restricted Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of
this definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination; provided that, without limiting the application of the Pro Forma Adjustment pursuant
to (A) above, the foregoing pro forma adjustments may be applied to any such test solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA and give effect to events (including operating expense
reductions) that are (as determined by the Company in good faith) (i) (x) directly attributable to such transaction, (y) expected to have a continuing impact on the Company and the Restricted Subsidiaries and (z) factually
supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment; provided, further, that when calculating
(i) the Consolidated First Lien Net Leverage Ratio for
purposes of the Applicable ECF Percentage, such percentage shall be calculated giving pro forma effect to any prepayment of Excess Cash Flow to be made pursuant to Section 2.05(b)(i) in connection with such calculation and any other
Indebtedness prepaid subsequent to the end of the applicable four-quarter period and prior to such date of
determination and (ii) Consolidated First Lien Net Leverage Ratio or Consolidated Interest Coverage Ratio
for purposes of (x) determining actual compliance (and not Pro Forma Compliance or compliance on a Pro Forma Basis) with Section 7.11 and (y) the definition of “Applicable Rate”, the events that occurred subsequent to the
end of the applicable Test Period shall not be given pro forma effect. In the event any fixed “dollar baskets” are intended to be utilized together with any incurrence ratio-based
“baskets” in a single transaction or series of related transactions, (i) compliance with or satisfaction of any applicable financial ratios or tests for the portion of Indebtedness or any other applicable transaction or action to be
incurred under any incurrence ratio-based “baskets” shall first be calculated without giving effect to amounts being utilized pursuant to any fixed “baskets” under the same covenant, but giving full pro forma effect to all
applicable and related transactions as permitted hereunder (including, subject to the foregoing with respect to fixed “dollar baskets,” any incurrence and repayments of Indebtedness) and all other permitted Pro Forma Adjustments and
(ii) thereafter, incurrence of the portion of such Indebtedness or other applicable transaction or action to be incurred under any fixed “dollar baskets” shall be calculated. 

“Pro Forma Financial Statements” means the pro forma consolidated balance sheet and related pro forma
consolidated statement of operations of HGVI as of and for the twelve-month period ended March 31, 2021, prepared after giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or
at the beginning of such period (in the case of the statement of operations), without any requirement to reflect therein adjustments for purchase accounting. 

“Pro Rata Share” means, with respect to each Lender, at any time a fraction (expressed as a percentage,
carried out to the ninth decimal place), the numerator of which is the amount of the Commitments and, if applicable and without duplication, Term Loans of such Lender under the applicable Facility or Facilities at such time and the denominator of
which is the amount of the Aggregate Commitments under the applicable Facility or Facilities and, if applicable and without duplication, Term Loans under the applicable Facility or Facilities at such time.; provided that, in
the case of the Revolving Credit Facility, if such Commitments have been terminated, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect
to any subsequent assignments made pursuant to the terms hereof. 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such
exemption may be amended from time to time. 

  
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 “Public Lender” has the meaning set forth in
Section 6.02. 
 “QFC” has the meaning set forth in Section 10.25(b). 

“QFC Credit Support” has the meaning set forth in Section 10.25. 

“Qualified Acquisition” means any Permitted Acquisition in which the target that is the subject of such
Permitted Acquisition represents at least 5% of the Total Assets of the Company on a Pro Forma Basis. 
 “Qualified
Acquisition Election” means, in the event the Company consummates a Permitted Acquisition meeting the definition of Qualified Acquisition, an election by the Company to treat such Permitted Acquisition as a “Qualified Acquisition”
by notice to the Administrative Agent (which Qualified Acquisition Election may be made (x) at any time on or prior to the date that the next Compliance Certificate is delivered pursuant to Section 6.02(a) following the consummation of
such Qualified Acquisition or (y) in such Compliance Certificate); provided that, the Company may make a Qualified Acquisition Election no more than once during the life of this Agreement. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Guarantor that, at the time the
relevant Guaranty (or grant of the relevant security interest, as applicable) becomes or would become effective with respect to such Swap Obligation, has total assets exceeding $10,000,000 or otherwise constitutes an “eligible contract
participant” under the Commodity Exchange Act and which may cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such time by entering into an agreement pursuant to the
Commodity Exchange Act. 
 “Qualified Equity Interests” means any Equity Interests that are not
Disqualified Equity Interests. 
 “Qualified IPO” means the issuance by Holdings or any direct or indirect
parent of Holdings of its common Equity Interests in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-4 or Form S-8) pursuant to an effective registration statement filed with the
U.S. Securities and Exchange Commission in accordance with the Securities Act (whether alone or in connection with a secondary public offering). 

“Qualified Proceeds” means the fair market value of assets that are used or useful in, or Equity Interests of
any Person engaged in, a Similar Business. 

  
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 “Qualified Securitization Financing” means (a) any
timeshare financing receivable backed notes (such as notes issued by (i) Hilton Grand Vacations Trust 2017-A pursuant to the indenture, dated as of March 6, 2017, between Hilton Grand Vacations Trust 2017-A, as issuer, and Wells Fargo
Bank, National Association, as indenture trustee, (ii) Hilton Grand Vacations Trust 2018-A pursuant to the indenture, dated as of September 19, 2018, between Hilton Grand Vacations Trust 2018-A, as issuer, and Wells Fargo Bank, National
Association, (iii) Hilton Grand Vacations Trust 2019-A pursuant to the indenture, dated as of August 13, 2019, between Hilton Grand Vacations Trust 2019-A, as issuer, and Wells Fargo Bank, National Association, (iv) Hilton Grand
Vacations Trust 2020-A pursuant to the indenture, dated as of June 10, 2020, between Hilton Grand Vacations Trust 2020-A, as issuer, and Wells Fargo Bank, National Association, (v) Diamond Resorts Owner Trust 2017-1 pursuant to the
indenture, dated as of October 13, 2017, among Diamond Resorts Owner Trust 2017-1, as issuer, Diamond Resorts Financial Services, Inc., as servicer, and Wells Fargo Bank, National Association, as indenture trustee and back-up servicer,
(vi) Diamond Resorts Owner Trust 2018-1 pursuant to the indenture, dated as of August 20, 2018, among Diamond Resorts Owner Trust 2018-1, as issuer, Diamond Resorts Financial Services, Inc., as servicer, and Wells Fargo Bank, National
Association, as indenture trustee and back-up servicer, (vii) Diamond Resorts Owner Trust 2019-1 pursuant to the indenture, dated as of August 20, 2019, among Diamond Resorts Owner Trust 2019-1, as issuer, Diamond Resorts Financial
Services, Inc., as servicer, and Wells Fargo Bank, National Association, as indenture trustee and back-up servicer and (viii) Diamond Resorts Owner Trust 2021-1 pursuant to the indenture, dated as of April 20, 2021, among Diamond Resorts
Owner Trust 2021-1, as issuer, Diamond Resorts Financial Services, Inc., as servicer, and Wells Fargo Bank, National Association, as indenture trustee and back-up servicer) and any similar note issuances, in each case, the Obligations of which are
non-recourse (except for customary representations, warranties, covenants, obligations and indemnities made in connection therewith) to the Company or any of its Restricted Subsidiaries (other than a Securitization Subsidiary); (b) any
timeshare financing receivable backed credit facility (such as and including the Timeshare Facilities) and similar financings, including conduit or warehouse financings, in each case, the Obligations of which are non-recourse (except for customary
representations, warranties, covenants, obligations and indemnities made in connection therewith) to the Company or any of its Restricted Subsidiaries (other than a Securitization Subsidiary); and (c) any other Securitization Financing
(i) constituting a securitization financing facility that meets the following conditions: (A) the board of directors or management of the Company or any direct or indirect parent entity thereof shall have determined in good faith that such
Securitization Financing is in the aggregate economically fair and reasonable to the Company, and (B) all sales, distributions and/or contributions of Securitization Assets and related assets to the applicable Securitization Subsidiary are made
at fair market value (as determined in good faith by the Company) or (ii) constituting a receivables or payables financing or factoring facility, provided, that with respect to clauses (a), (b) and (c), a “Qualified
Securitization Financing,” may include any Swap Obligations entered into in connection with such Qualified Securitization Financing. 

“Qualifying Lender” has the meaning set forth in Section 2.05(a)(v)(D)(3). 

“Quorum Facility” means the Amended and Restated Loan Sale and Servicing Agreement dated as of
December 31, 2012, by and among Quorum Federal Credit Union, DRI Quorum 2010 LLC, Diamond Resorts Financial Services, Inc., as servicer, and Wells Fargo Bank, National Association as back-up servicer (as amended by the First Amendment to
Amended and Restated Loan Sale and Servicing Agreement dated September 30, 2015, the Second Amendment to Amended and Restated Loan Sale and Servicing Agreement dated June 10, 2016, and the Third Amendment to Amended and Restated Loan Sale
and Servicing Agreement dated June 23, 2017) and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof, in whole or in part. 

“Rate Determination Date” means two (2) Business Days prior to the commencement of such Interest Period
(or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the
Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent). 
 “Rating
Agencies” means Moody’s and S&P. 
 “Ratio Incremental Amount” has the meaning set forth
in Section 2.14(d)(v). 
 “Real Property” means, collectively, all right, title and interest
(including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property (including, without limitation, any vacation ownership intervals) owned or leased by any Person, whether by lease, license or other
means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the
ownership, lease or operation thereof. 
 “Refinanced Debt” has the meaning set forth in the definition of
Credit Agreement Refinancing Indebtedness. 

  
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 “Refinancing” means, collectively, the repayment and/or
discharge of (and the termination of all commitments, guarantees and security interests (as applicable) with respect to) (i) all Term Loans (as defined in the Existing RCF Credit Agreement) outstanding under the Existing RCF Credit Agreement
immediately prior to the Closing Date, (ii) the Company’s outstanding 2024 Senior Unsecured Notes, (iii) all Indebtedness of the Target and its Subsidiaries under that certain First Lien Credit Agreement, dated as of September 2,
2016 (as amended, modified, refinanced or restated), among the Target, Barclays Bank PLC, as administrative agent, and the other parties thereto and (iv) Dakota Resorts International, Inc.’s 7.750% first-priority senior secured notes due
2023, in each case, together with any accrued and unpaid interest and fees thereon. 
 “Refinancing
Amendment” means an amendment to this Agreement executed by each of (a) the Borrower, (b) the Administrative Agent, (c) each Additional Refinancing Lender and (d) each Lender that agrees to provide any portion of
Refinancing Term Loans, Other Revolving Credit Commitments or Other Revolving Credit Loans incurred pursuant thereto, in accordance with Section 2.15. 

“Refinancing Series” means all Refinancing Term Loans, Refinancing Term Commitments, Other Revolving Credit
Commitments or Other Revolving Credit Loans that are established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Refinancing Term Loans,
Refinancing Term Commitments, Other Revolving Credit Commitments or Other Revolving Credit Loans provided for therein are intended to be a part of any previously established Refinancing Series) and that provide for the same Effective Yield and, in
the case of Refinancing Term Loans or Refinancing Term Commitments, amortization schedule. 
 “Refinancing Term
Commitments” means one or more Classes of Term Commitments hereunder that are established to fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment. 

“Refinancing Term Loans” means one or more Classes of Term Loans hereunder that result from a Refinancing
Amendment. 
 “Register” has the meaning set forth in Section 10.07(d). 

“Registered Equivalent Notes” means, with respect to any notes originally issued in an offering pursuant to
Rule 144A under the Securities Act or other private placement transaction under the Securities Act of 1933, substantially identical notes (having the same guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an exchange offer
registered with the SEC. 
 “Regulated Bank” means a commercial bank with a consolidated combined capital
and surplus of at least $5,000,000,000 that is (a) a US depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation, (b) a corporation organized under section 25A of the US Federal Reserve Act of
1913, (c) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors of the Federal Reserve System under 12 CFR part 211, (d) a non-US branch of a
foreign bank managed and controlled by a US branch referred to in clause (c) or (e) any other US or non-US depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any
jurisdiction. 

  
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 “Related Adjustment” means, in determining any Benchmark
Replacement, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such Benchmark Replacement: 

(A) the spread adjustment, or method for calculating or determining such spread adjustment, that has been selected or
recommended by the Relevant Governmental Body for the relevant Pre-Adjustment Successor Rate (taking into account the interest period, interest payment date or payment period for interest calculated and/or tenor thereto) and which adjustment or
method (x) is published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion or (y) solely with respect to Term SOFR, if not currently published, which was previously so
recommended for Term SOFR and published on an information service acceptable to the Administrative Agent; or 
 (B) the
spread adjustment that would apply (or has previously been applied) to the fallback rate for a derivative transaction referencing the ISDA Definitions (taking into account the interest period, interest payment date or payment period for interest
calculated and/or tenor thereto). 
 “Release” means any spilling, leaking, pumping, pouring, emitting,
emptying, discharging, injecting, escaping, leaching, dumping, disposing or migrating in into, onto or through the Environment. 

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or
a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York for the purpose of recommending a benchmark rate to replace LIBOR in loan agreements similar to this Agreement. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA or the regulations
issued thereunder, other than events for which the thirty (30) day notice period has been waived. 
 “Repricing
Transaction” means the prepayment, refinancing, substitution or replacement of all or a portion of the Initial Term Loans incurred on the Closing Date with the incurrence by the Borrower or any Restricted Subsidiary of any Dollar
denominated syndicated term loan financing having an All-In Yield that is less than the All-In Yield of such Initial Term Loans so repaid, refinanced, substituted or replaced, including without limitation, as may be effected through any amendment to
this Agreement relating to the interest rate for, or weighted average yield of, such Initial Term Loans or the incurrence of any Replacement Term Loans, in each case, the primary purpose of which was to reduce such All-In Yield and other than in
connection with a Change of Control or Transformative Acquisition. 
 “Request for Credit Extension” means (a) with respect to a Borrowing, continuation or conversion of Term
Loans or Revolving Credit Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a
Letter of Credit Issuance Request, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 

“Required Class Lenders” means, with respect to any Class on any date of determination, Lenders having more
than 50% of the sum of (i) the outstanding Loans under such Class and (ii) the aggregate unused Commitments under such Facility; provided that the unused Commitments of, and the portion of the outstanding Loans under such Class held or
deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of the Required Class Lenders. 

“Required Facility Lenders” mean, as of any date of determination, with respect to any Facility, Lenders
having more than 50% of the sum of (a) the Total Outstandings under such Facility and (b) the aggregate unused Commitments under such Facility; provided that the unused Commitments of, and the portion of the Total Outstandings under
such Facility held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of the Required Facility Lenders. 

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the sum of the
(a) Total Outstandings, (b) aggregate unused Term Commitments and (c) aggregate unused Revolving Credit Commitments (if any); provided that the unused Term Commitment and unused Revolving Credit Commitment of, and the portion
of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

  
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 “Rescindable Amount” has the meaning set forth in
Section 2.12(c). 
 “Resolution Authority” means an EEA Resolution Authority or, with respect to any
UK Financial Institution, a UK Resolution Authority. 
 “Required Revolving Credit Lenders” means, as of
any date of determination, Revolving Credit Lenders having more than 50% of the sum of the (a) Outstanding Amount of all Revolving Credit
Loans, Swing Line Loans and all L/C Obligations (with the aggregate amount of each Lender’s risk participation and
funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Commitments in respect of
Revolving Credit Loans; provided that such unused Commitment of, and the portion of the Outstanding Amount of all Revolving Credit
Loans, Swing Line Loans and all L/C Obligations held or
deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Credit Lenders. 

“Responsible Officer” means the chief executive officer, president, vice president, chief financial officer,
treasurer or assistant treasurer or other similar officer of a Loan Party, a Borrower or HGVI and, as to any document delivered on the Closing Date, any secretary or assistant secretary of such Loan Party, the Borrower or HGVI, as applicable. Any
document delivered hereunder that is signed by a Responsible Officer of a Loan Party, a Borrower or HGVI shall be conclusively presumed to have been authorized by all necessary corporate, limited liability company, partnership and/or other action on
the part of such Loan Party, the Borrower or HGVI, as applicable, and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party, the Borrower or HGVI, as applicable. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property)
with respect to any Equity Interest of the Company or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
defeasance, acquisition, cancellation or termination of any such Equity Interest, or on account of any return of capital to the Company’s or a Restricted Subsidiary’s stockholders, partners or members (or the equivalent Persons thereof).

 “Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted Subsidiary. 

“
Revaluation Date” means (a) with respect to any Revolving Credit Loan, each of the following: (i) each date of a Borrowing of an Alternative Currency Daily Rate Loan denominated in an Approved Currency, (ii) each date of a
Borrowing of a Eurocurrency Rate Loan denominated in an Approved Currency (iii) each date of a continuation of a Eurocurrency Rate Loan denominated in an Approved Currency pursuant to Section 2.02 and (iv) such additional dates as the
Administrative Agent shall determine or the Required Revolving Credit Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in an Approved
Currency, (ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof, (iii) each date of any payment by an L/C Issuer under any Letter of Credit denominated in an Approved Currency and
(iv) such additional dates as the Administrative Agent or an L/C Issuer shall determine or the Required Revolving Credit Lenders shall require. 

“Reversion Date” has the meaning set forth in Article VII. 

“Revolver Extension Request” has the meaning set forth in Section 2.16(b). 

“Revolver Extension Series” has the meaning set forth in Section 2.16(b). 

  
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 “Revolving Credit Borrowing” means a borrowing consisting of simultaneous
Revolving Credit Loans of the same Type, in the same Approved Currency, and, in the case of Eurocurrency Rate Loans, having the same Interest Period. 

“Revolving Credit Commitment” means
the Amendment No. 1 Revolving Credit Commitments and a
revolving credit commitment established pursuant to a given Class of Incremental Revolving Credit Commitments, a given Refinancing Series of Other Revolving Credit Commitments or a given Extension Series of Extended Revolving Credit Commitments, as
the context may require. 
 “Revolving Credit Exposure” means, as to each Revolving Credit Lender,
the sum of the amount of the outstanding Principal Amount of such Revolving Credit Lender’s Revolving Credit Loans
and its Pro Rata Share or other applicable share provided for under this Agreement of the amount of the L/C Obligations and the Swing Line Obligations at such time. 

“Revolving Credit Facility” means, at any time, any facility in respect of any Revolving Credit Commitments
at such time. 
 “Revolving Credit Lender” means, at any time, any Lender that has a Revolving Credit
Commitment at such time or, if the Revolving Credit Commitments have terminated, Revolving Credit Exposure. 

“Revolving Credit Loans” means any
Amendment No. 1 Revolving Credit Loan, Incremental Revolving
Credit Loans, Other Revolving Credit Loans or Extended Revolving Credit Loans, as the context may require. 
 “Revolving Credit Note” means a promissory note of the Borrower payable to any Revolving Credit Lender or
its registered assigns, in substantially the form of Exhibit D-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the
Borrower.  
 “S&P” means S&P Global
Ratings, a business unit of Standard & Poor’s Financial Services LLC, and any successor thereto. 

“Sale and Lease-Back Transaction” means any arrangement providing for the leasing (or similar arrangement) by
the Company or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to a third Person in contemplation of such leasing (or
similar arrangement); provided, that any leasing arrangement by any entity other than the Company or a Restricted Subsidiary shall not constitute a Sale and Lease-Back Transaction. 

“Same Day Funds” means
(a) with respect to disbursements and payments in Dollars,
immediately available
funds., and
(b) with respect to disbursements and payments in an Approved Foreign Currency, same day or other funds as may be determined by the Administrative Agent or the L/C Issuers, as the case may be, to be customary in the place of disbursement or
payment for the settlement of international banking transactions in the relevant Approved Currency. 

“Sanction(s)” means any international economic sanction administered or enforced by the United States
government (including without limitation, OFAC), the United Nations Security Council, the European Union or Her Majesty’s Treasury. 

“Scheduled Unavailability Date” has the meaning set forth in Section 3.03(ii). 

  
 62 

 “SEC” means the Securities and Exchange Commission, or any
Governmental Authority succeeding to any of its principal functions. 
 “Secured Hedge Agreement” means any
Swap Contract that is entered into by and between the Company or any Restricted Subsidiary and any Approved Counterparty. 

“Secured Parties” means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, any
Approved Counterparty party to a Secured Hedge Agreement or Treasury Services Agreement, the Supplemental Agents and each co-agent or sub-agent appointed by the Administrative Agent or Collateral Agent from time to time pursuant to
Section 9.02. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“Securitization Assets” means (a) the loans, accounts receivable, timeshare receivables, financing
receivables, mortgage receivables, loan receivables, other receivables, franchise fees, royalty or other revenue streams and other rights to payment and any other assets subject to a Qualified Securitization Financing and the proceeds thereof,
(b) all collateral securing such receivable or asset, all contracts and contract rights, purchase orders, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset
and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction and (c) any Equity
Interests of any Securitization Subsidiary or any Subsidiary of a Securitization Subsidiary and any rights under any limited liability company agreement, trust agreement, shareholders agreement, organizational or formation documents or other
agreement entered into in furtherance of the organization of such entity. 
 “Securitization Fees” means
distributions or payments made directly or by means of discounts with respect to any Securitization Asset or participation interest issued or sold in connection with, and other fees and expenses paid to a Person (including fees and expenses of
counsel) that is not a Securitization Subsidiary in connection with any Qualified Securitization Financing. 

“Securitization Financing” means any of one or more receivables, factoring or securitization financing
facilities, bank conduit receivables or warehouse financing, sales transactions, hypothecation facility and/or receivables purchase agreements, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the
obligations of which are non-recourse (except for customary representations, warranties, covenants, obligations and indemnities made in connection with such facilities) to the Company or any of its Restricted Subsidiaries (other than a
Securitization Subsidiary) pursuant to which the Company or any of its Restricted Subsidiaries sells, transfers, pledges, participates, contributes to capital or grants a security interest in or otherwise conveys in its accounts receivable, payables
or Securitization Assets or assets related thereto (whether now existing or arising in the future) to, or for the benefit of, either (a) a Person that is not a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn sells or
grants a security interest in its accounts receivable, payable or Securitization Assets or assets related thereto to, or for the benefit of, a Person that is not a Restricted Subsidiary. 

“Securitization Subsidiary” means (i) each Subsidiary of the Company listed on Schedule 1.01E and
(ii) any Subsidiary formed for the purpose of, and that solely engages only in one or more Qualified Securitization Financing and other activities reasonably related thereto. 

“Security Agreement” means the Security Agreement substantially in the form of Exhibit G, dated as of
the Closing Date, among Holdings, the Company, certain subsidiaries of the Company and the Collateral Agent. 

“Security Agreement Supplement” has the meaning set forth in the Security Agreement. 

  
 63 

 “Similar Business” means (1) any business conducted or
proposed to be conducted by the Company or any of its Restricted Subsidiaries on the Closing Date, and any reasonable extension thereof, or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary
or related to, or a reasonable extension, development or expansion of, the businesses in which the Company and its Restricted Subsidiaries are engaged or propose to be engaged on the Closing Date. 

“SOFR” with respect to any day means the secured overnight financing rate published for such day by the
Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or any successor source) and, in each case, that has been selected or recommended by the
Relevant Governmental Body. 
 “SOFR-Based Rate” means SOFR or Term SOFR. 

“Sold Entity or Business” has the meaning set forth in the definition of the term “Consolidated EBITDA.” 

“Solicited Discount Proration” has the meaning set forth in Section 2.05(a)(v)(D)(3). 

“Solicited Discounted Prepayment Amount” has the meaning set forth in Section 2.05(a)(v)(D)(1). 

“Solicited Discounted Prepayment Notice” means a written notice of the Borrower of Solicited Discounted
Prepayment Offers made pursuant to Section 2.05(a)(v)(D) substantially in the form of Exhibit M-6. 

“Solicited Discounted Prepayment Offer” means the irrevocable written offer by each Lender, substantially in
the form of Exhibit M-7, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice. 

“Solicited Discounted Prepayment Response Date” has the meaning set forth in Section 2.05(a)(v)(D)(1).

 “Solvent” and “Solvency” mean, with respect to any Person on any date of determination,
that on such date (a) the fair value of the assets of such Person and its Subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts and liabilities, subordinated, contingent or otherwise, (b) the present fair
saleable value of the property of such Person and its Subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of their debts and other liabilities, subordinated,
contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) such Person and its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, subordinated, contingent or otherwise, as such
liabilities become absolute and matured and (d) such Person and its Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital. The amount of any contingent
liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability. 

“
SONIA” means, with respect to any applicable determination date, the Sterling Overnight Index Average Reference Rate published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other
commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SONIA means such rate that applied on the first
Business Day immediately prior thereto. 
 “SONIA Adjustment” means, with respect to SONIA, 0.0326% per annum. 

  
 64 

 “SPC” has the meaning set forth in Section 10.07(i).

“
Special Notice Currency” means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or
Europe. 
 “Specified Acquisition Agreement
Representations” means the representations and warranties made by or on behalf of the Target in the Acquisition Agreement as are material to the interests of the Lenders (in their capacities as such), but only to the extent that the Company
has the right (taking into account any applicable cure provisions) to terminate its obligations (or to refuse to consummate the Acquisition) under the Acquisition Agreement as a result of a breach of any of such representations and warranties. 

“Specified Default” means a Default under Section 8.01(a), (f) or (g). 

“Specified Discount” has the meaning set forth in Section 2.05(a)(v)(B)(1). 

“Specified Discount Prepayment Amount” has the meaning set forth in Section 2.05(a)(v)(B)(1). 

“Specified Discount Prepayment Notice” means a written notice of the Borrower Offer of Specified Discount
Prepayment made pursuant to Section 2.05(a)(v)(B) substantially in the form of Exhibit M-8. 

“Specified Discount Prepayment Response” means the irrevocable written response by each Lender, substantially
in the form of Exhibit M-9, to a Specified Discount Prepayment Notice. 

“Specified Discount Prepayment Response Date” has the meaning set forth in Section 2.05(a)(v)(B)(1).

 “Specified Discount Proration” has the meaning set forth in Section 2.05(a)(v)(B)(3). 

“
Specified Equity Contribution” means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.  
 “Specified Guarantor” means any Guarantor that is not an
“eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 11.12). 

“Specified Representations” means those representations and warranties made by the Company in Sections
5.01(b)(ii), 5.02(a), 5.02(b)(i), 5.02(b)(iii) (to the extent such conflict has not resulted in a Material Adverse Effect (as such term or similar definition is defined in the main transaction agreement governing the applicable Permitted
Acquisition), 5.04, 5.13, 5.18, 5.20 and 5.21). 
 “Specified Transaction” means any Investment,
Disposition, incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation, Incremental Term Loan or Incremental Revolving Credit Commitment in respect of which the terms of this Agreement require any test to be calculated on a
“Pro Forma Basis” or after giving “Pro Forma Effect”; provided that an Incremental Revolving Credit Commitment, for purposes of this “Specified Transaction” definition, shall be deemed to be fully drawn. 

“Spin-Off Transaction” means, collectively, the transactions which following consummation thereof resulted in
HGVI holding directly or indirectly all or substantially all of the Timeshare Business, and which was completed by the distribution by Hilton Worldwide Holdings Inc. to its stockholders of shares of HGVI on a pro rata basis, and all related
transactions. 

  
 65 

“
Spot Rate” for a currency means the rate determined by the Administrative Agent or the L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such
currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. New York City time on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that
the Administrative Agent or the L/C Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the L/C Issuer if the Person acting in such capacity does not have as of the date of determination a
spot buying rate for any such currency; and provided further that the L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Approved Currency.
 
 “Starter Basket” has the meaning set forth
in the definition of “Cumulative Credit.” 
 “Sterling” and “£” mean
freely transferable lawful money of the United Kingdom (expressed in pounds sterling). 
 “Submitted
Amount” has the meaning set forth in Section 2.05(a)(v)(C)(1). 
 “Submitted Discount” has
the meaning set forth in Section 2.05(a)(v)(C)(1). 
 “Subsidiary” of a Person means a corporation,
partnership, joint venture, limited liability company or other business entity of which (i) a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than
securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, (ii) more than half of the issued share capital is at the time beneficially owned or (iii) the management of
which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a
Subsidiary or Subsidiaries of the Company. For the avoidance of doubt, any entity that is owned at a 50.0% or less level (as described above) shall not be a “Subsidiary” for any purpose under this Agreement, regardless of whether such
entity is consolidated on Holdings’ or any Restricted Subsidiary’s financial statements. 
 “Subsidiary
Guarantor” means any Guarantor other than Holdings and HGVI. 
 “Successor Company” has the
meaning set forth in Section 7.04(d). 

“
Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate or Alternative Currency Successor
Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of
determining rates and making payments of interest and other technical, administrative or operational matters as may be appropriate, in the discretion of the Administrative Agent in consultation with the Borrower, to reflect the adoption and
implementation of such LIBOR Successor Rate or Alternative Currency Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market
practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate or Alternative Currency Successor
Rate exists, in such other manner of administration as the Administrative Agent determines is reasonably
necessary in connection with the administration of this Agreement). 

“Supplemental Agent” has the meaning set forth in Section 9.14(a) and “Supplemental
Agents” shall have the corresponding meaning. 

  
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 “Supported QFC” has the meaning set forth in
Section 10.25. 
 “Suspended Covenants” has the meaning set forth in Article VII. 

“Suspension Period” has the meaning set forth in Article VII. 

“Swap” means, any agreement, contract, or transaction that constitutes a “swap” within the meaning
of Section 1a(47) of the Commodity Exchange Act. 
 “Swap Contract” means (a) any and all rate
swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or
forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to
any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and
Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations
or liabilities under any Master Agreement. 
 “Swap Obligation” means, with respect to any Person, any
obligation to pay or perform under any Swap. 
 “Swap Termination Value” means, in respect of any one or
more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s)
determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or
more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“
Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04. 

“
Swing Line Facility” means the swing line loan facility made available by the Swing Line Lenders pursuant to Section 2.04. 

“
Swing Line Lender” means Bank of America, N.A., in its capacity as provider of Swing Line Loans or any successor swing line lender hereunder. 

“
Swing Line Loan” has the meaning set forth in Section 2.04(a). 

“
Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit C. 

“
Swing Line Obligations” means, as at any date of determination, the aggregate principal amount of all Swing Line Loans outstanding. 

“
Swing Line Sublimit” means an amount equal to the lesser of (a) $15,000,000 and (b) the aggregate amount of the Amendment No. 1 Revolving Credit Commitments. The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit Commitments.

  
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 “Target” means Dakota Holdings, Inc., a Delaware
corporation. 
 “Target Audited Financial Statements” means the audited consolidated balance sheets and
related statements of income, retained earnings, stockholder’s equity and changes in financial position of the Target as of and for the fiscal years ended December 31, 2020 and December 31, 2019. 

“
TARGET Day” means any day on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, determined by the Administrative Agent to be a suitable replacement) is open for the settlement of
payments in Euro. 
 “Target Indebtedness”
means any Indebtedness (and any Liens in connection therewith) of the Target and its Subsidiaries that is permitted to remain outstanding pursuant to the Acquisition Agreement. 

“Target Notes” means the 10.750% senior notes due 2024 issued pursuant to that certain Indenture, dated as of
August 31, 2016, among Dakota Resorts International, Inc. (as successor in merger wither Dakota Merger Sub, Inc.), as issuer, and Wilmington Trust, National Association, as trustee. 

“Target Unaudited Financial Statements” means the unaudited consolidated balance sheets and related
statements of income, retained earnings, stockholder’s equity and changes in financial position of the Target as of and for the fiscal quarter ended March 31, 2021. 

“
TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007. 
 “Tax Group” has the meaning set forth in
Section 7.06(i)(iii). 
 “Tax Matters Agreement” means the Tax Matters Agreement, dated as of
January 2, 2017, by and among Hilton Worldwide Holdings Inc., PHRI, HGVI and Hilton Domestic Operating Company Inc., as amended, supplemented, waived or otherwise modified from time to time in a manner not materially adverse to the Lenders when
taken as a whole, as compared to the Tax Matters Agreement as in effect immediately prior to such amendment, supplement, waiver or modification. 

“Taxes” has the meaning set forth in Section 3.01(a). 

“Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Class and Type and, in
the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to
Section 2.01(a), an Incremental Amendment, a Refinancing
Amendment or an Extension. 
 “Term Commitment” means, as to each Term Lender, its obligation to
make a Term Loan to the Company hereunder, expressed as an amount representing the maximum principal amount of the Term Loan to be made by such Term Lender under this Agreement, as such commitment may be (a) reduced from time to time pursuant
to Section 2.06 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Term Lender pursuant to an Assignment and Assumption, (ii) an Incremental Amendment, (iii) a Refinancing Amendment or
(iv) an Extension. 
 “Term Lender” means, at any time, any Lender that has a Term Commitment or a
Term Loan at such time. 

  
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 “Term Loans” means any Initial Term Loans or any
Incremental Term Loan, Refinancing Term Loan or Extended Term Loan designated as a “Term Loan”, as the context may require. 

“Term Loan Extension Request” has the meaning set forth in Section 2.16(a). 

“Term Loan Extension Series” has the meaning set forth in Section 2.16(a). 

“Term Loan Standstill Period” has the meaning provided in Section 8.01(b). 

“Term Note” means a promissory note of the Company payable to any Term Lender or its registered assigns, in
substantially the form of Exhibit D-1 hereto, evidencing the aggregate Indebtedness of the Company to such Term Lender resulting from the Term Loans of each Class made by such Term Lender. 

“Term SOFR” means the forward-looking term rate for any period that is approximately (as determined by the
Administrative Agent”) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case
as published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion. 

“Test Period” means, for any date of determination under this Agreement, the latest four consecutive fiscal
quarters of the Company for which financial statements have been delivered to the Administrative Agent on or prior to the Closing Date and/or for which financial statements are required to be delivered pursuant to Section 6.01, as applicable.

 “Threshold Amount” means the greater of (x) $75,000,000 and (y) 1.5% of Total Assets. 

“Timeshare Business” has the meaning assigned to such term in the Distribution Agreement. 

“Timeshare Facility” means each of (i) the Receivables Loan Agreement, dated as of May 9, 2013,
among Hilton Grand Vacations Trust I LLC, as borrower, Wells Fargo Bank, National Association, as paying agent and securities intermediary, the persons from time to time party thereto as conduit lenders, the financial institutions from time to time
party thereto as committed lenders, the financial institutions from time to time party thereto as managing agents, and Bank of America, N.A. , as administrative agent and structuring agent, as amended, restated, supplemented, extended, renewed,
restated, replaced or otherwise modified from time to time, in whole or in part; (ii) the Capital One Conduit Facility; (iii) the Credit Suisse Conduit Facility, (iv) the Deutsche Bank Conduit Facility, (v) the Natixis Conduit
Facility, (vi) the Premium Yield Facility and (vii) the Quorum Facility. 
 “Timeshare Loans”
means loans made by the Company or any of its Subsidiaries to consumers in connection with their purchase of vacation ownership intervals from (i) the Company or one of its Subsidiaries or (ii) third party developers under
“fee-for-service” arrangements in an HGVI club or HGVI branded residential unit, in each case evidenced by a promissory note secured by points earned under the Hilton Grand Vacations Club or similar customer loyalty and rewards programs or
a fee simple interest in a residential unit. 
 “Total Assets” means the total assets of the Company and
the Restricted Subsidiaries on a consolidated basis in accordance with GAAP, as shown on the most recent balance sheet of Holdings delivered pursuant to Sections 6.01(a) or (b) or, for the period prior to the time any such statements are so
delivered pursuant to Section 6.01(a) or (b), the Pro Forma Financial Statements. 
 “Total
Outstandings” means the aggregate Outstanding Amount of all Loans. 

  
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 “Transaction Agreements” means collectively, the
Distribution Agreement, the License Agreement, the Marketing Services Agreement and the Tax Matters Agreement. 

“Transaction Expenses” means any fees or expenses incurred or paid by HGVI, the Parent, the Company or any of
its (or their) Subsidiaries in connection with the Transactions (including expenses in connection with hedging transactions related to the Facilities and any original issue discount or upfront fees, payments to officers, employees and directors as
change of control payments, severance payments, special or retention bonuses and charges for repurchase or rollover of, or modifications to, stock options), this Agreement and the other Loan Documents and the transactions contemplated hereby and
thereby. 
 “Transactions” means, collectively, (i) funding of the Initial Term Loans on the Closing
Date and the execution and delivery of Loan Documents entered into on the Closing Date, (ii) the entering into of the Acquisition Agreement, (iii) the consummation of the Acquisition, (iv) the assumption of the Target Indebtedness
(v) the issuance of the Closing Date Senior Unsecured Notes and/or the Closing Date Senior Unsecured Bridge Loans by the Company, (vi) the effectiveness of that certain Amendment No. 4 to the Credit Agreement, dated as of
March 19, 2021, to the Existing RCF Credit Agreement, (vii) the Refinancing and (viii) the payment of Transaction Expenses. 

“Transferred Guarantor” has the meaning set forth in Section 11.10. 

“Transformative Acquisition” means any acquisition or Investment by the Borrower or any Restricted Subsidiary
that is either (a) not permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment or (b) if permitted by the terms of this Agreement immediately prior to the consummation of such
acquisition or Investment, would not provide the Borrower and its Restricted Subsidiaries with adequate flexibility under this Agreement for the continuation and/or expansion of their combined operations following such consummation, as determined by
the Borrower acting in good faith. 
 “Treasury Services Agreement” means any agreement between the Company
or any Subsidiary and any Approved Counterparty relating to treasury, depository, credit card, debit card, stored value cards, purchasing or procurement cards and cash management services or automated clearinghouse transfer of funds or any overdraft
or similar services. 
 “Type” means, with respect to a Loan, its character as a Base Rate Loan, an Alternative Currency Daily Rate Loan or a Eurocurrency Rate Loan.

 “U.S. Dollar Equivalent” means with respect to any monetary amount in a currency other than
Dollars, at any time for determination thereof, the amount of Dollars obtained by converting such foreign currency involved in such computation into Dollars at the spot rate for the purchase of Dollars with the applicable foreign currency as
published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination. 

“U.S. Special Resolution Regimes” has the meaning set forth in Section 10.25. 

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as
amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which
includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having
responsibility for the resolution of any UK Financial Institution. 

  
 70 

 “Unaudited Financial Statements” means, collectively, the
HGVI Unaudited Financial Statements and the Target Unaudited Financial Statements. 
 “Uniform Commercial
Code” or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it
may be required to apply to any item or items of Collateral. 
 “United States” and “U.S.”
mean the United States of America. 
 “United States Tax Compliance Certificate” means a certificate
substantially in the form of Exhibits K-1, K-2, K-3 and K-4 hereto, as applicable. 
 “Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i).  
 “Unrestricted Subsidiary” means (i) each Subsidiary of
the Company listed on Schedule 1.01F, (ii) any Subsidiary of the Company designated by the board of managers of the Company as an Unrestricted Subsidiary pursuant to Section 6.14 subsequent to the Closing Date and
(iii) any Subsidiary of an Unrestricted Subsidiary. 
 “USA PATRIOT Act” means the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as amended or modified from time to time. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years
obtained by dividing: (i) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in
respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (ii) the then outstanding principal amount of such Indebtedness. 

“wholly owned” means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the
outstanding Equity Interests of which (other than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable Law) are owned by such Person and/or by one or more wholly owned
Subsidiaries of such Person. 
 “Write-Down and Conversion Powers” means, (a) with respect to any EEA
Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any
contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a
right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

“Yen” and “¥” mean lawful money of Japan. 

“
Yen Letter of Credit Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b) the Letter of Credit Sublimit. The Yen Letter of Credit Sublimit is part of, and not in addition to, the Letter of Credit
Sublimit. 

  
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“
Yen Sublimit” means an amount equal to the lesser of (a) $250,000,000 and (b) the aggregate amount of the Revolving Credit Commitments. The Yen Sublimit is part of, and not in addition to, the Amendment No. 1 Revolving
Credit Commitments. 
 SECTION 1.02 Other Interpretive
Provisions. 
 With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such
other Loan Document: 
 (a) The meanings of defined terms are equally applicable to the singular and plural forms of the
defined terms. 
 (b) The words “herein,” “hereto,” “hereof” and “hereunder” and
words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 

(c) Article, Section, Exhibit and Schedule references are to the Loan Document in which such reference appears. 

(d) The term “including” is by way of example and not limitation. 

(e) The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports,
financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (f) In the computation
of periods of time from a specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word
“through” means “to and including.” 
 (g) Section headings herein and in the other Loan Documents are
included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

(h) For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any
comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been
transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at
such time and (c) such action shall be deemed to be permitted, in each case, if such action would otherwise be permitted under Section 7.04 and Section 7.05 hereunder. 

(i) On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor of LIBOR’s
administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month, 6-month and 12- month U.S. dollar LIBOR tenor settings. 

SECTION 1.03 Accounting Terms. 

(a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial
data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, applied in a manner consistent with that used in preparing the Audited Financial
Statements, except as otherwise specifically prescribed herein. 

  
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 (b) Notwithstanding anything to the contrary herein, for purposes of
determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated First Lien Net Leverage Ratio, Consolidated Total Net Leverage Ratio and
Consolidated Interest Coverage Ratio shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis. 

In the event that the Borrower elects to change the accounting method in which it will prepare its financial statements in
accordance with GAAP and such election results in a change in the method of calculation of financial covenants, standards or terms (collectively, the “GAAP Accounting Changes”) in this Agreement, the Borrower and the Administrative
Agent agree to enter into good faith negotiations in order to amend such provisions of this Agreement (including the levels applicable herein to any computation of the Consolidated First Lien Net Leverage Ratio, Consolidated Total Net Leverage Ratio
and Consolidated Interest Coverage Ratio) so as to reflect equitably the GAAP Accounting Changes with the desired result that the criteria for evaluating the Borrower’s financial condition shall be substantially the same after such change as if
such change had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall
continue to be calculated or construed in accordance with the previous accounting method (as determined in good faith by a Responsible Officer of the Borrower) as if such change had not occurred. For the avoidance of doubt, solely making an election
(without any other action) will not (1) be treated as an incurrence of Indebtedness and (2) have the effect of rendering invalid any Restricted Payment or Investment, the incurrence of any Indebtedness or Liens, the prepayment, redemption,
purchase, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted Subsidiary made prior to the date of such election conditioned on the Borrower and the Restricted Subsidiaries having been able to satisfy any the
Consolidated First Lien Net Leverage Ratio, Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage Ratio or any other test or action that was previously valid under this Agreement on the date made, incurred or taken and prior to such
election, as the case may be. 
 SECTION 1.04 Rounding; Certain Calculations. 

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

SECTION 1.05 References to Agreements, Laws, Etc. 

Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including the Loan
Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions,
supplements and other modifications are permitted by the Loan Documents; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

SECTION 1.06 Times of Day. 

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

  
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 SECTION 1.07 Timing of Payment or Performance. 

When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance
required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day. 

SECTION 1.08 Reclassification. 

For purposes of Section 2.14, (i) to the extent of availability under the Ratio Incremental Amount, unless the
Company elects otherwise, such availability will be deemed to be used, in connection with any incurrence or establishment of any Incremental Facility, prior to the usage of the Fixed Incremental Amount, (ii) in the case of incurrence or
establishment of any Incremental Facility in reliance in part on the Ratio Incremental Amount and in part on the Fixed Incremental Amount prong, (A) the portion incurred in reliance on the Fixed Incremental Amount shall be disregarded for
purposes of testing under the Ratio Incremental Amount, but giving full pro forma effect to any increase in the amount of Consolidated EBITDA resulting from the application of the entire amount of such Incremental Facility and the related
transactions and (B) the permissibility of the portion of such Incremental Facility to be incurred or implemented under the Fixed Incremental Amount shall be calculated thereafter and (iii) any portion of any Incremental Facility that is
incurred or implemented under the Fixed Incremental Amount will be automatically reclassified as having been incurred under the Ratio Incremental Amount if, at any time after the incurrence or implementation thereof, such portion of such Incremental
Facility would, using the figures reflected in the financial statements internally available for the most recently ended Test Period, be permitted as part of the Ratio Incremental Amount. For purposes of Article VII, (x) to the extent of
availability under any applicable ratio based basket set forth therein, such availability will be deemed to be used prior to the usage of any applicable fixed amount set forth therein, (y) in the case of any incurrence test in reliance on any
ratio based basket set forth therein, for purposes of calculating whether such ratio has been satisfied in connection with such incurrence any other Indebtedness or Lien that is substantially concurrently incurred in reliance on any provision
thereof that does not require compliance with any financial ratio or test shall be disregarded in the calculation of such ratio, even if such other Indebtedness or Lien is of the same tranche or series (or, in the case of Liens, secures Indebtedness
of the same tranche or series) as such Indebtedness being incurred in reliance on a basket that requires compliance with such ratio and (z) in the event that any transaction can be classified as incurred under a “ratio-based” basket
(giving pro forma effect to the making of such transaction), the Company, in its sole discretion, may classify such portion of such transaction (and any obligations in respect thereof) as having been made pursuant to such “ratio-based”
basket and thereafter the remainder of the transaction as having been made pursuant to one or more of the other clauses of the applicable section of Article VII and if any such test would be satisfied in any subsequent fiscal quarter following the
relevant date of determination, then such reclassification shall be deemed to have automatically occurred at such time. 

SECTION 1.09 Limited Condition Transactions. 

In connection with any action being taken solely in connection with a Limited Condition Transaction: 

(a) determining compliance with any provision of this Agreement which requires the calculation of the Consolidated Interest
Coverage Ratio, the Consolidated Total Net Leverage Ratio and/or the Consolidated First Lien Net Leverage Ratio; 
 (b)
determining the accuracy of representations and warranties and/or whether a Default or Event of Default shall have occurred and be continuing (or any subset of Defaults or Events of Default)
(other than the for the purposes determining compliance with Section 4.02 in respect of any Credit
Extension under the Revolving Credit Facility); or 

  
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 (c) testing availability under baskets set forth in this Agreement
(including baskets measured as a percentage of Consolidated EBITDA or Total Assets or by reference to the Cumulative Credit); 

in each case, at the option of the Company (the Company’s election to exercise such option in connection with any Limited
Condition Transaction, an “LCT Election”), with such option to be exercised on or prior to the date of execution of the definitive agreements related to such Limited Condition Transaction, the date of determination of whether any
such action is permitted hereunder, shall be deemed to be (x) the date the definitive agreements for such Limited Condition Transaction are entered into (or, if applicable, a binding offer or launch of a “certain funds” tender offer),
irrevocable notice or declaration with respect to such Limited Condition Transaction are entered into, provided or made, as applicable or (y) in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers
applies (or similar law or practice in other jurisdictions), the date on which a “Rule 2.7 announcement” of a firm intends to make an offer or similar announcement or determination in another jurisdiction subject to laws similar to the
United Kingdom City Code on Takeovers and Mergers in respect of a target of a Limited Condition Transaction (the “LCT Test Date”), and if, after giving pro forma effect to the Limited Condition Transaction and the other transactions
to be entered into in connection therewith (including any incurrence of Indebtedness or Liens and the use of proceeds thereof) as if they had occurred at the beginning of the most recent Test Period ending prior to the LCT Test Date, the Company
could have taken such action on the relevant LCT Test Date in compliance with such ratio or basket, such ratio or basket shall be deemed to have been complied with. 

For the avoidance of doubt, if the Company had made an LCT Election and any of the ratios or baskets for which compliance was
determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio or basket, including due to fluctuations in Consolidated EBITDA or Total Assets of the Company or the Person subject to such Limited Condition
Transaction, at or prior to the consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations; provided, however, (a) if any ratios or
financial metrics improve or baskets increase as a result of such fluctuations, such improved ratios, financial metrics or baskets may be utilized and (b) Consolidated Interest Expense with respect to any Indebtedness expected to be incurred in
connection with such Limited Condition Transaction will, for purposes of the Consolidated Interest Coverage Ratio, be calculated using an assumed interest rate based on indicative interest margin contained in the available documentation therefor
(giving effect to any step-up or margin caps, but without giving effect to any increases as a result of “market flex”), or if no such indicative interest margin exists, as determined by the Company in good faith. If the Company has made an
LCT Election for any Limited Condition Transaction, then in connection with any subsequent calculation of the incurrence ratios subject to the LCT Election on or following the relevant LCT Test Date and prior to the earlier of (i) the date on
which such Limited Condition Transaction is consummated or (ii) the date that the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation of such Limited Condition Transaction, any such ratio or
basket shall be calculated on a pro forma basis assuming such Limited Condition Transaction and other transactions in connection therewith (including any incurrence of Indebtedness or Liens and the use of proceeds thereof) have been consummated.

 SECTION 1.10 Cumulative Credit Transactions. 

If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by
reference to the amount of the Cumulative Credit immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as
occurring simultaneously. 

  
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SECTION
 1.11 Additional Approved Currencies. 
 (a) The Company may from time to time request that Revolving Credit Loans be made and/or Letters of Credit be issued in a
currency other than those specifically listed in the definition of “Approved Currency”; provided that such requested currency is a lawful currency (other than Dollars) that is readily available, freely transferable and readily convertible
into Dollars in the London interbank market. Such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders; and, in the case of any such request with respect to the issuance of Letters of Credit, such
request shall also be subject to the approval of the applicable L/C Issuer. 

(b)
 Any such request shall be made to the Administrative Agent not later than 11:00 a.m. (New York time), fifteen (15) Business Days prior to the date of the desired Borrowing or issuance of a Letter of Credit (or such other time or date as may be
agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the applicable L/C Issuer, in its or their sole discretion). In the case of any such request pertaining to Revolving Credit Loans, the
Administrative Agent shall promptly notify each Revolving Credit Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall also promptly notify the applicable L/C Issuer thereof. Each
Revolving Credit Lender and the applicable L/C Issuer (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m. (New York time), ten (10) Business Days after receipt of such
request whether it consents, in its sole discretion, to the making of Revolving Credit Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. 

(c)
 Any failure by a Revolving Credit Lender or an L/C Issuer, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Revolving Credit Lender or L/C Issuer, as
the case may be, to permit Revolving Credit Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the Revolving Credit Lenders consent to making Revolving Credit Loans in such requested
currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Approved Currency hereunder for purposes of any Borrowing of Revolving Credit Loans; and if the applicable L/C
Issuer also consents to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Approved Currency hereunder for purposes
of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.11, the Administrative Agent shall promptly so notify the Company. 

SECTION
 1.12 Interest Rates. 
 With respect to the Revolving Credit Facility, the Administrative Agent does not warrant, nor accept responsibility, nor
shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurocurrency Rate” or “Alternative Currency Daily Rate” or with
respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including, without limitation, any LIBOR
Successor Rate or Alternative Currency Daily Rate) or the effect of any of the foregoing, or of any Successor Rate Conforming Changes, unless resulting from the gross negligence, bad faith or willful misconduct, as determined by a court of competent
jurisdiction in a final and non-appealable judgment, of the Administrative Agent. 

  
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 ARTICLE II 

The Commitments and Credit Extensions 

SECTION 2.01 The Loans. 

(a)
 The Term Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the Company on the Closing Date loans denominated in Dollars in an
aggregate amount not to exceed the amount of such Term Lender’s Initial Term Commitment. Amounts borrowed under this
Section 2.01(a) and repaid or prepaid may not be
reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. 
 (b) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein each Amendment No. 1
Revolving Credit Lender severally agrees to make Revolving Credit Loans denominated in an Approved Currency to the Company from its applicable Lending from time to time as elected by the Company pursuant to Section 2.02, on any Business Day
during the period from the Amendment No. 1 Effective Date until the Maturity Date with respect to such Amendment No. 1 Revolving Credit Lender’s applicable Amendment No. 1 Revolving Credit Commitment, in an aggregate Principal
Amount not to exceed at any time outstanding the amount of such Lender’s Amendment No. 1 Revolving Credit Commitment at such time; provided that after giving effect to any Amendment No. 1 Revolving Credit Borrowing,
(i) the aggregate Outstanding Amount of the Amendment No. 1 Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of the Outstanding Amount of all L/C
Obligations, plus such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Amendment No. 1 Revolving Credit Commitment
and (ii) the aggregate Outstanding Amount of Amendment No. 1 Revolving Credit Loans and L/C Obligations denominated in Yen does not exceed the Yen Sublimit. Within the limits of each Lender’s Revolving Credit Commitments, and subject
to the other terms and conditions hereof, the Company may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans denominated in Dollars may be Base Rate Loans or
Eurocurrency Rate Loans, as further provided herein. 
 SECTION
2.02 Borrowings, Conversions and Continuations of Loans. 
 (a) Each Term Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans or Revolving Credit Loans from one Type to the other, and each
continuation of Eurocurrency Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 12:00 noon
New York City time (i) three Business Days (or five Business Days in the case of a Special Notice
Currency) prior to the requested date of any Borrowing of
Eurocurrency Rate Loans or Alternative Currency Daily Rate Loans, or continuation of Eurocurrency Rate Loans or any conversion of Base Rate Loans to Eurocurrency Rate Loans, and (ii) one
(1) Business Day before the requested date of any Borrowing of Base Rate Loans; provided that the notice referred to in subclause (i) above may be delivered no later than one (1) Business Day prior to the Closing Date in the
case of initial Credit Extensions denominated in Dollars. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice,
appropriately completed and signed by a Responsible Officer of the Borrower. Except as provided in Section 2.14(a), each Borrowing of, Eurocurrency Rate Loans or Alternative Currency Daily Rate Loans, or
conversion to or continuation of Eurocurrency Rate Loans,
shall be in a minimum principal amount of (A) if such Eurocurrency Rate Loan is denominated in
Dollars, $5,000,000, or a whole multiple of $1,000,000 in excess
thereof, (B) if such Eurocurrency Rate Loan is denominated in Sterling, £1,000,000, or a whole
multiple of £500,000 in excess thereof, (C) if such Eurocurrency Rate Loan is denominated in euros, €2,000,000, or a whole multiple of €1,000,000 in excess thereof, (D) if such Eurocurrency Rate Loan is denominated in Yen,
¥2,000,000,000, or a whole multiple of ¥1,000,000,000 in excess thereof and (E) if such
Eurocurrency Rate Loan is denominated in Canadian Dollars, C$1,000,000, or a whole multiple of C$500,000 in excess thereof. Except as provided in Sections 2.03(c), 2.04(c), 2.14(a) or the last sentence of this paragraph, each Borrowing of or conversion
to Base Rate Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Term
Borrowing of a particular Class, a Revolving Credit Borrowing, a conversion of Term Loans of any Class or Revolving Credit Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day),
(iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Term Loans of a Class
or Revolving Credit Loans are to be converted and, (v) in the case of a Revolving Credit Borrowing, the relevant Approved
Currency in which such Revolving Credit Borrowing is to be denominated and (vi) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify an Approved Currency of a Loan in a Committed Loan Notice, such Loan shall be made in
Dollars. If the Borrower fails to specify a Type of Loan in a Committed Loan Notice or fails to give a timely notice requesting a conversion or continuation, then the applicable Term Loans or Revolving Credit Loans shall be made as or converted to (x) in the case of any Loan denominated in Dollars, Base Rate
Loans or (y) in the case of any Loan denominated in an Approved Foreign Currency, Eurocurrency Rate Loans
in the Approved Currency having an Interest Period of one month, as applicable. Any such automatic conversion to Base Rate Loans or one-month Eurocurrency Loans shall be effective as of the last
day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Committed Loan Notice, but fails to
specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month. No
Loan may be converted into or continued as a Loan denominated in another Approved Currency, but instead must be prepaid in the original Approved Currency or reborrowed in another Approved
Currency. 

  
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 (b) Following receipt of a Committed Loan Notice, the Administrative Agent
shall promptly notify each Lender of the amount (and Approved Currency) of its Pro Rata Share or other applicable share provided for under this Agreement of the applicable Class of Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the
Administrative Agent shall notify each Lender of the details of any automatic conversion or continuation described in Section 2.02(a). In the case of each Borrowing, each Appropriate Lender shall make the amount of its Loan available to the
Administrative Agent in Same Day Funds at the Administrative Agent’s Office not later than 1:00 p.m. (New York City time) on the Business Day specified in the applicable Committed Loan Notice. The Administrative Agent shall make all funds so
received available to the Borrower in like funds as received by the Administrative Agent by wire transfer of such funds in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower. 

(c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an
Interest Period for such Eurocurrency Rate Loan unless the Borrower pays the amount due, if any, under Section 3.05 in connection therewith. During the existence of an Event of Default, the Administrative Agent or the Required Lenders may
require that no Loans in any Approved Currency may be converted to
or continued as Eurocurrency Rate
Loans. and the
Required Revolving Credit Lenders may demand that any or all of the then outstanding Eurocurrency Rate Loans denominated in an Approved Foreign Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the
last day of the then current Interest Period with respect thereto. 

(d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest
Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are
outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in the Prime Rate used in determining the Base Rate promptly following the announcement of such change. 

  
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 (e) After giving effect to all Term Borrowings, all Revolving Credit Borrowings, all conversions of Term Loans or Revolving Credit Loans from one Type to the other, and all
continuations of Term Loans or Revolving Credit Loans as
the same Type, there shall not be more than fifteen (15) Interest Periods in effect. 
 (f) The failure of any
Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other
Lender to make the Loan to be made by such other Lender on the date of any Borrowing. 
 SECTION 2.03 [Reserved]Letters of
Credit. 
 (a) The Letter of Credit Commitment. (i) Subject to the terms and conditions set forth herein, (A) each L/C
Issuer agrees, in reliance upon the agreements of the other Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Amendment No. 1 Effective Date until the Letter
of Credit Expiration Date to issue Letters of Credit at sight denominated in any Approved Currency for the account of the Company or any Subsidiary of the Company and to amend, renew or extend Letters of Credit previously issued by it, in accordance
with Section 2.03(b), and (2) to honor drafts under the Letters of Credit and (B) the Revolving Credit Lenders severally agree to participate in Letters of Credit issued pursuant to this Section 2.03; provided that no L/C
Issuer shall be obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no Lender shall be obligated to participate in any Letter of Credit if as of the date of such L/C Credit Extension, (x) the Revolving Credit
Exposure of any Revolving Credit Lender would exceed such Lender’s Revolving Credit Commitment, (y) the Outstanding Amount of the L/C Obligations would exceed the Letter of Credit Sublimit or (z) the aggregate Outstanding Amount of
L/C Obligations denominated in Yen would exceed the Yen Sublimit. In addition, the face amount of outstanding Letters of Credit issued by any L/C Issuer shall not exceed such L/C Issuer’s Applicable L/C Fronting Sublimit. Within the foregoing
limits, and subject to the terms and conditions hereof, the Company’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Company may, during the foregoing period, obtain Letters of Credit to replace Letters of
Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto and deemed L/C Obligations, and from and after the Amendment No. 1 Effective Date shall be
subject to and governed by the terms and conditions hereof. 

(ii)
 An L/C Issuer shall be under no obligation to issue any Letter of Credit if: 

(A)
 any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any directive (whether or not
having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit, or direct that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall
impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve, liquidity or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Amendment No. 1 Effective Date,
or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Amendment No. 1 Effective Date (for which such L/C Issuer is not otherwise compensated hereunder); 

  
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 (B) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve
months after the date of issuance or last renewal, unless (1) each Appropriate Lender has approved of such expiration date or (2) the L/C Issuer thereof has approved of such expiration date and the Outstanding Amount of L/C Obligations in
respect of such requested Letter of Credit has been cash collateralized or backstopped pursuant to arrangements reasonably satisfactory to such L/C Issuer; 

(C)
 the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Revolving Credit Lenders have approved such expiry date; 

(D)
 the issuance of such Letter of Credit would violate any Laws binding upon such L/C Issuer;  

(E)
 the L/C Issuer does not as of the issuance date of the requested Letter of Credit issue Letters of Credit in the requested currency; or 

(F)
 any Revolving Credit Lender is at that time a Defaulting Lender, unless such L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such L/C Issuer (in its sole discretion) with the Company or such
Lender to eliminate such L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.17(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that
Letter of Credit and all other L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion. 

(iii)
 An L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of
such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(iv)
 Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative
Agent in Article IX with respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and any Letter of Credit Issuance Request (and any other document, agreement
or instrument entered into by such L/C Issuer and the Company or in favor of such L/C Issuer) pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included such L/C Issuer with respect
to such acts or omissions, and (B) as additionally provided herein with respect to each L/C Issuer. 

  
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(b)
 Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Company delivered to an L/C Issuer (with a
copy to the Administrative Agent) in the form of a Letter of Credit Issuance Request, appropriately completed and signed by a Responsible Officer of the Company or his/her delegate or designee. Such Letter of Credit Issuance Request must be received
by the relevant L/C Issuer and the Administrative Agent not later than 1:00 p.m. (New York City time) at least two Business Days prior to the proposed issuance date or date of amendment, as the case may be; or, in each case, such other date and time
as the relevant L/C Issuer may agree in a particular instance in its sole discretion. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Issuance Request shall specify in form and detail reasonably
satisfactory to the relevant L/C Issuer: (a) the proposed issuance date of the requested Letter of
Credit (which shall be a Business Day); (b) the amount thereof; (c) the relevant Approved Currency in which such Letter of Credit is to be denominated; (d) the expiry date thereof; (e) the name and address of the beneficiary
thereof; (f) the documents to be presented by such beneficiary in case of any drawing thereunder; (g) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (h) such other matters
as the relevant L/C Issuer may reasonably request. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Issuance Request shall specify in form and detail reasonably satisfactory to the relevant L/C
Issuer (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the relevant L/C Issuer may
reasonably request. 
 (ii) Promptly after receipt of any Letter of Credit Issuance Request, the relevant L/C Issuer will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Issuance Request from the Company and, if not, such L/C Issuer will provide the Administrative Agent with a copy thereof.
Upon receipt by the relevant L/C Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, such L/C Issuer shall,
on the requested date, issue a Letter of Credit for the account of the Company or enter into the applicable amendment, as the case may be. Immediately upon the issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from the relevant L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share or other applicable share provided for under
this Agreement times the amount of such Letter of Credit. 

(iii)
 If the Company so requests in any applicable Letter of Credit Issuance Request, the relevant L/C Issuer shall agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”);
provided that any such Auto-Extension Letter of Credit must permit the relevant L/C Issuer to prevent any such extension at least once in each twelve month period (commencing with the date of issuance of such Letter of Credit) by giving prior
notice to the beneficiary thereof not later than a number of days (the “Non-Extension Notice Date”) prior to the last day of such twelve month period to be agreed upon by the relevant L/C Issuer and the Company at the time such
Letter of Credit is issued. Unless otherwise directed by the relevant L/C Issuer, the Company shall not be required to make a specific request to the relevant L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been
issued, the applicable Lenders shall be deemed to have authorized (but may not require) the relevant L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date;
provided that the relevant L/C Issuer shall not permit any such extension if (A) the relevant L/C Issuer has determined that it would have no obligation at such time to issue such Letter of Credit in its extended form under the terms
hereof (by reason of the provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five (5) Business Days before the Non-Extension Notice Date
from the Administrative Agent, any Revolving Credit Lender or the Company that one or more of the applicable conditions specified in Section 4.02 is not then satisfied. 

(iv)
 Promptly after issuance of any Letter of Credit or any amendment to a Letter of Credit, the relevant L/C Issuer will also deliver to the Company and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

  
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(c)
 Drawings and Reimbursements; Funding of Participations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the relevant L/C Issuer shall notify promptly the Company and the Administrative Agent thereof. In the case of a Letter of Credit denominated
in an Approved Foreign Currency, the Company shall reimburse the L/C Issuer in such Approved Currency, unless the L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars. In the case of any such
reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Approved Foreign Currency, the L/C Issuer shall notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof.
Not later than 1:00 p.m. (New York City time), in the case of a drawing in Dollars, or 2:00 p.m. (London time) (or, if earlier, 9:00 a.m. New York City time), in the case of a drawing in an Approved Foreign Currency, on (1) the next Business
Day immediately following any payment by an L/C Issuer under a Letter of Credit that the Company receives notice thereof (each such date, an “Honor Date”), the Company shall reimburse such L/C Issuer through the Administrative Agent
in an amount equal to the amount of such drawing in the relevant Approved Currency; provided that the Company may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment be
financed with a Revolving Credit Borrowing under the Revolving Credit Facility or a Swing Line Borrowing under the Swing Line Facility in an equivalent amount and, to the extent so financed, the Company’s obligation to make such payment shall
be discharged and replaced by the resulting Revolving Credit Borrowing or Swing Line Borrowing, as applicable. In the event that (x) a drawing denominated in an Approved Foreign Currency is to be reimbursed in Dollars pursuant to the first
sentence of this Section 2.03(c)(i) and (y) the Dollar amount paid by the Company, whether on or after the Honor Date, shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum
denominated in the applicable Approved Foreign Currency equal to the drawing, the Company agrees, as a separate and independent obligation, to indemnify the L/C Issuer for the loss resulting from its inability on that date to purchase the Approved
Currency in the full amount of the drawing. If the Company fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Appropriate Lender of the Honor Date, the amount of the unreimbursed drawing
(expressed in Dollars in the amount of the Dollar Equivalent thereof) (the “Unreimbursed Amount”), and the amount of such Appropriate Lender’s Pro Rata Share or other applicable share provided for under this Agreement thereof.
In such event, the Company shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in
Section 2.02 for the principal amount of Base Rate Loans or Eurocurrency Rate Loans, as applicable, but subject to the amount of the unutilized portion of the Revolving Credit Commitments of the Appropriate Lenders and the conditions set forth
in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing;
provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii)
 Each Appropriate Lender (including any Lender acting as an L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the relevant L/C Issuer in Dollars at the
Administrative Agent’s Office for Dollar-denominated payments in an amount equal to its Pro Rata Share or other applicable share provided for under this Agreement of the Unreimbursed Amount not later than 2:00 p.m. (New York City time) on the
Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Appropriate Lender that so makes funds available shall be deemed to have made a Revolving Credit Loan that is
a Base Rate Loan or Eurocurrency Rate Loan, as applicable, to the Company in such amount. The Administrative Agent shall promptly remit the funds so received to the relevant L/C Issuer in Dollars.

  
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 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans
or Eurocurrency Rate Loans, as applicable, because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Company shall be deemed to have incurred from the relevant L/C Issuer an L/C Borrowing in the
amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on
demand (together with interest) and shall bear interest (which begins to accrue upon funding by the L/C Issuer) at the Default Rate for Revolving Credit Loans. In such event, each Appropriate Lender’s payment to the Administrative Agent for the
account of the relevant L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation
obligation under this Section 2.03. 
 (iv) Until each Appropriate Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to
reimburse the relevant L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of such amount shall be solely for the account of
the relevant L/C Issuer. 
 (v) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse an L/C Issuer
for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other
right which such Lender may have against the relevant L/C Issuer, the Company or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not
similar to any of the foregoing; provided that each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than
delivery by the Company of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Company to reimburse the relevant L/C Issuer for the amount of any payment made by such L/C Issuer under
any Letter of Credit, together with interest as provided herein. 

(vi)
 If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the relevant L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the
time specified in Section 2.03(c)(ii), such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required
to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the Federal Funds Rate from time to time in effect, plus any reasonable administrative, processing or similar fees customarily charged by such
L/C Issuer in connection with the foregoing. A certificate of the relevant L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be
conclusive absent manifest error. 
 (d) Repayment of Participations. (i) If, at any time after an L/C Issuer has made a payment under any Letter of
Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), the Administrative Agent receives for the account of such L/C Issuer any payment in respect
of the related Unreimbursed Amount or interest thereon (whether directly from the Company or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its
Pro Rata Share or other applicable share provided for under this Agreement hereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds
as those received by the Administrative Agent. 

  
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 (ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i)
is required to be returned under any of the circumstances described in Section 10.06 (including
pursuant to any settlement entered into by such L/C Issuer in its discretion), each Appropriate Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Pro Rata Share or other applicable share provided for under this
Agreement thereof on demand of the Administrative Agent or the L/C Issuer, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the applicable Overnight Rate, plus any
reasonable administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing. 

(e)
 Obligations Absolute. The obligation of the Company to reimburse the relevant L/C Issuer for each drawing under each Letter of Credit issued by it and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be
paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(i)
 any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto; 

(ii)
 the existence of any claim, counterclaim, setoff, defense or other right that any Loan Party may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), the relevant L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated
transaction; 
 (iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged,
fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of
Credit; 
 (iv) any payment by the relevant L/C Issuer under such Letter of Credit against presentation of a draft or certificate that
does not strictly comply with the terms of such Letter of Credit; or any payment made by the relevant L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 
 (v) any exchange, release or non-perfection of any Collateral, or any release or amendment or waiver of or consent to
departure from the Guaranty or any other guarantee, for all or any of the Obligations of any Loan Party in respect of such Letter of Credit; 

(vi)
 any adverse change in the relevant exchange rates or in the availability of the relevant Approved Foreign Currency to the Company or any Subsidiary or in the relevant currency markets generally;
and 
 (vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a discharge of, any Loan Party; 

provided that
 the foregoing shall not excuse any L/C Issuer from liability to the Company to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are waived by the Company to the extent permitted by applicable Law)
suffered by the Company that are caused by such L/C Issuer’s gross negligence or willful misconduct as determined in a final and non-appealable judgment by a
court of competent jurisdiction when determining whether drafts and other documents presented under a Letter
of Credit comply with the terms thereof. 

  
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(f)
 Role of L/C Issuers. Each Lender and the Company agree that, in paying any drawing under a Letter of Credit, the relevant L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and
documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuers, any Agent-Related
Person nor any of the respective correspondents, participants or assignees of any L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the
Lenders holding a majority of the Revolving Credit Commitments, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct as determined in a final and non-appealable judgment by a court of
competent jurisdiction; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Issuance Request. The Company hereby assumes all risks of the acts
or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided that this assumption is not intended to, and shall not, preclude the Company’s pursuing such rights and remedies as it may have
against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuers, any Agent-Related Person, nor any of the respective correspondents, participants or assignees of any L/C Issuer, shall be liable or responsible for
any of the matters described in clauses (i) through (vii) of Section 2.03(e); provided that anything in such clauses to the contrary notwithstanding, the Company may have a claim against an L/C Issuer, and such L/C Issuer may
be liable to the Company, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Company which the Company proves were caused by such L/C Issuer’s willful misconduct or gross
negligence or such L/C Issuer’s willful or grossly negligent failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a
Letter of Credit, in each case as determined in a final and non-appealable judgment by a court of competent jurisdiction. In furtherance and not in limitation of the foregoing, each L/C Issuer may accept documents that appear on their face to be in
order, without responsibility for further investigation, regardless of any notice or information to the contrary, and no L/C Issuer shall be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to
transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 

  
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(g)
 Cash Collateral. If (i) as of the Letter of Credit Expiration Date, any Letter of Credit may for any reason remain outstanding and partially or wholly undrawn, (ii) any Event of Default occurs and is continuing and the
Administrative Agent or the Lenders holding a majority of the Revolving Credit Commitments, as applicable, require the Company to Cash Collateralize the L/C Obligations pursuant to Section 8.02 or (iii) an Event of Default set forth under
Section 8.01(f) occurs and is continuing, the Company shall Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to such Outstanding Amount determined as of the date of such Event of Default or the Letter of
Credit Expiration Date, as the case may be), and shall do so not later than 2:00 p.m., New York City time on (x) in the case of the immediately preceding clauses (i) and (ii), (1) the Business Day that the Company receives notice
thereof, if such notice is received on such day prior to 12:00 noon, New York City time or (2) if clause (1) above does not apply, the Business Day immediately following the day that the Company receives such notice and (y) in the
case of the immediately preceding clause (iii), the Business Day on which an Event of Default set forth under Section 8.01(f) occurs or, if such day is not a Business Day, the Business Day immediately succeeding such day. At any time that there
shall exist a Defaulting Lender, immediately upon the request of the Administrative Agent, the L/C Issuer or the Swing Line Lender, the Company shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting
Exposure (after giving effect to Section 2.17(a)(iv) and any Cash Collateral provided by the Defaulting Lender). For purposes hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the relevant L/C Issuer and the Appropriate Lenders, as collateral for the L/C
Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the relevant L/C Issuer (which documents are hereby consented
to by the Appropriate Lenders). Derivatives of such term have corresponding meanings. The Company hereby grants to the Administrative Agent, for the benefit of the L/C Issuers and the Revolving Credit Lenders of the applicable Facility, a security
interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in a Cash Collateral Account and may be invested in readily available Cash Equivalents as directed by the
Company. If at any time the Administrative Agent determines that any funds held as Cash Collateral are expressly subject to any right or claim of any Person other than the Administrative Agent (on behalf of the Secured Parties) or that the total
amount of such funds is less than the aggregate Outstanding Amount of all L/C Obligations, the Company will, forthwith upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited and held in the Cash
Collateral Account, an amount equal to the excess of (a) such aggregate Outstanding Amount over (b) the total amount of funds, if any, then held as Cash Collateral that the Administrative Agent reasonably determines to be free and clear of
any such right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under applicable Law, to reimburse the relevant L/C Issuer. To the extent the
amount of any Cash Collateral exceeds the then Outstanding Amount of such L/C Obligations and so long as no Event of Default has occurred and is continuing, the excess shall be refunded to the Company. To the extent any Event of Default giving rise
to the requirement to Cash Collateralize any Letter of Credit pursuant to this Section 2.03(g) is cured or otherwise waived by the Required Lenders, then so long as no other Event of Default has occurred and is continuing, all Cash Collateral
pledged to Cash Collateralize such Letter of Credit shall be refunded to the Company. 

(h)
 Letter of Credit Fees. The Company shall pay to the Administrative Agent for the account of the Revolving Credit Lenders for the applicable Revolving Credit Facility (in accordance with their Pro Rata Share or other applicable share provided
for under this Agreement) a Letter of Credit fee in Dollars for each Letter of Credit issued pursuant to this Agreement equal to the Applicable Rate for Revolving Credit Loans that are Eurocurrency Rate Loans times the Dollar Equivalent of the daily
maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit);
provided, however, any Letter of Credit fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C
Issuer pursuant to this Section 2.03 shall be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Pro Rata Shares allocable to such Letter of Credit
pursuant to Section 2.17(a)(iv), with the balance of such fee, if any, payable to the L/C Issuer for its own account. Such Letter of Credit fees shall be computed on a quarterly basis in arrears. Such Letter of Credit fees shall be due and
payable in Dollars on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter
on demand. If there is any change in any Applicable Rate for Revolving Credit Loans during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by such Applicable Rate separately for each period during such
quarter that such Applicable Rate was in effect. 

  
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(i)
 Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Company shall pay directly to each L/C Issuer for its own account, in Dollars, a fronting fee with respect to each Letter of Credit issued by it equal to
0.125% per annum of the Dollar Equivalent of the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases
periodically pursuant to the terms of such Letter of Credit). Such fronting fees shall be computed on a
quarterly basis in arrears. Such fronting fees shall be due and payable in Dollars on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of
Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition, the Company shall pay directly to each L/C Issuer for its own account, in Dollars, with respect to each Letter of Credit issued by it the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable within
ten (10) Business Days of demand and are nonrefundable. 
 (j) Conflict with Letter of Credit Issuance Request. Notwithstanding anything else to the contrary in this Agreement
or any Letter of Credit Issuance Request, in the event of any conflict between the terms hereof and the terms of any Letter of Credit Issuance Request, the terms hereof shall control. 

(k)
 Addition of an L/C Issuer. A Revolving Credit Lender may become an additional L/C Issuer hereunder pursuant to a written agreement among the Company, the Administrative Agent and such Revolving Credit Lender. The Administrative Agent shall
notify the Revolving Credit Lenders of any such additional L/C Issuer. 

(l)
 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit in effect at such time; provided,
however, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to
be the Dollar Equivalent of the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

(m)
 Reporting. Each L/C Issuer will report in writing to the Administrative Agent (i) on the first Business Day of each calendar month, the aggregate face amount of Letters of Credit issued by it and outstanding as of the last Business Day
of the preceding calendar month (and on such other dates as the Administrative Agent may request), (ii) on or prior to each Business Day on which such L/C Issuer expects to issue, amend, renew or extend any Letter of Credit, the date of such
issuance or amendment, and the aggregate face amount of Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and such L/C Issuer shall advise the
Administrative Agent on such Business Day whether such issuance, amendment, renewal or extension occurred and whether the amount thereof changed), (iii) on each Business Day on which such L/C Issuer makes any L/C Disbursement, the date and
amount of such L/C Disbursement and (iv) on any Business Day on which the Company fails to reimburse an L/C Disbursement required to be reimbursed to such L/C Issuer on such day, the date and amount of such failure. 

(n)
 Provisions Related to Letters of Credit in respect of Extended Revolving Credit Commitments. If the Letter of Credit Expiration Date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of
Credit, then (i) if consented to by the L/C Issuer which issued such Letter of Credit, if one or more other tranches of Revolving Credit Commitments in respect of which the Letter of Credit Expiration Date shall not have so occurred are then in
effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving
Credit Loans and payments in respect thereof pursuant to Section 2.03(c) and (d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating tranches up to an aggregate amount
not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face
amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant
to immediately preceding clause (i), the Company shall Cash Collateralize any such Letter of Credit in accordance with Section 2.03(g). Upon the maturity date of any tranche of Revolving Credit Commitments, the sublimit for Letters of Credit
may be reduced as agreed between the L/C Issuers and the Company, without the consent of any other Person. 

  
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(o)
 Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Company shall be obligated to
reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the
Company, and that the Company’s business derives substantial benefits from the businesses of such Restricted Subsidiaries. 

SECTION 2.04 [Reserved]Swing Line Loans. 

(a)
 The Swing Line. Subject to the terms and conditions set forth herein, Bank of America, N.A., in its capacity as Swing Line Lender, agrees to make loans in Dollars to the Company (each such loan, a “Swing Line Loan”), from
time to time on any Business Day during the period beginning on the Business Day after the Amendment No. 1 Effective Date and until the Maturity Date of the Revolving Credit Facility in an aggregate principal amount not to exceed at any time
outstanding the amount of the Swing Line Sublimit, provided that such Swing Line Loans, when aggregated with the Pro Rata Share or other applicable share provided for under this Agreement of the Outstanding Amount of Revolving Credit Loans and L/C
Obligations of the Lender acting as Swing Line Lender, shall not exceed the amount of such Swing Line Lender’s Revolving Credit Commitment; provided that, after giving effect to any Swing Line Loan, (i) the Revolving Credit Exposure
shall not exceed the aggregate Revolving Credit Commitments and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share or other applicable share provided for under this
Agreement of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s
Revolving Credit Commitment then in effect; provided, further, that the Company shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Within the foregoing limits, and subject to the other terms and
conditions hereof, the Company may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a Swing Line Loan, each
Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata Share
or other applicable share provided for under this Agreement times the amount of such Swing Line Loan. 

  
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(b)
 Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Company’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing
Line Lender and the Administrative Agent not later than 1:00 p.m. New York City time on the requested borrowing date and shall specify (i) the principal amount to be borrowed, which principal amount shall be a minimum of $500,000 (and any
amount in excess of $500,000 shall be in integral multiples of $100,000) and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the
Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any Swing Line Loan Notice (by telephone or in writing), the
Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by
telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by
telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit
Lender) prior to 2:00 p.m. New York City time on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first
sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m.
New York City time on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Company. Notwithstanding anything to the contrary contained in this Section 2.04 or elsewhere in this
Agreement, the Swing Line Lender shall not be obligated to make any Swing Line Loan at a time when a Revolving Credit Lender is a Defaulting Lender unless the Swing Line Lender has entered into arrangements reasonably satisfactory to it and the
Company to eliminate the Swing Line Lender’s Fronting Exposure (after giving effect to Section 2.17(a)(iv)) with respect to the Defaulting Lender’s or Defaulting Lenders’ participation in such Swing Line Loans, including by Cash
Collateralizing, or obtaining a backstop letter of credit from an issuer reasonably satisfactory to the Swing Line Lender to support, such Defaulting Lender’s or Defaulting Lenders’ Pro Rata Share of the outstanding Swing Line
Loans. 
 (c) Refinancing of Swing Line Loans. (i) The Swing Line Lender at any time in its sole and absolute discretion
may request, on behalf of the Company (which hereby irrevocably authorizes such Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount equal to such Lender’s Pro Rata Share or other
applicable share provided for under this Agreement of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance
with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the aggregate Revolving Credit Commitments and the
conditions set forth in Section 4.02. The Swing Line Lender shall furnish the Company with a copy of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each Revolving Credit Lender shall make
an amount equal to its Pro Rata Share or other applicable share provided for under this Agreement of the amount specified in such Committed Loan Notice available to the Administrative Agent in Same Day Funds for the account of the Swing Line Lender
at the Administrative Agent’s Office for Dollar-denominated payments not later than 1:00 p.m. New York City time on the day specified in such Committed Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Revolving Credit Lender
that so makes funds available shall be deemed to have made a Base Rate Loan to the Company in such amount. The Administrative Agent shall remit the funds so received to the Swing Line Lender.

(ii)
 If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be
a request by the Swing Line Lender that each of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Loan and each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing Line
Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation. 

  
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 (iii) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the Swing Line
Lender any amount required to be paid by the Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per annum equal to
the applicable Overnight Rate from time to time in effect, plus any reasonable administrative, processing or similar fees customarily charged by the Swing Line
Lender in connection with the foregoing. A certificate of the Swing Line Lender submitted to any Lender
(through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 

(iv)
 Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender, the Company or any other Person for any reason whatsoever, (B) the occurrence or continuance
of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided that each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this
Section 2.04(c) (but not to purchase and fund risk participations in Swing Line Loans) is subject to the conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the
Company to repay Swing Line Loans, together with interest as provided herein. 

(d)
 Repayment of Participations. (i) At any time after any Revolving Credit Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the
Swing Line Lender will distribute to such Lender its Pro Rata Share or other applicable share provided for under this Agreement of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which
such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender. 

(ii)
 If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.06 (including pursuant to
any settlement entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing Line Lender its Pro Rata Share or other applicable share provided for under this Agreement thereof on demand of the
Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the applicable Overnight Rate. The Administrative Agent will make such demand upon the request of the Swing
Line Lender. 
 (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for invoicing the Company
for interest on the Swing Line Loans. Until each Revolving Credit Lender funds its Base Rate Loan, Eurocurrency Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Pro Rata Share of any Swing Line Loan,
interest in respect of such Pro Rata Share shall be solely for the account of the Swing Line Lender. 

(f)
 Payments Directly to Swing Line Lender. The Company shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender. 

(g)
 Provisions Related to Extended Revolving Credit Commitments. If the maturity date shall have occurred in respect of any tranche of Revolving Credit Commitments (the “Expiring Credit Commitment”) at a time when another
tranche or tranches of Revolving Credit Commitments is or are in effect with a longer maturity date (each a “Non-Expiring Credit Commitment” and collectively, the “Non-Expiring Credit Commitments”), then with
respect to each outstanding Swing Line Loan, if consented to by the applicable Swing Line Lender, on the earliest occurring maturity date such Swing Line Loan shall be deemed reallocated to the tranche or tranches of the Non-Expiring Credit
Commitments on a pro rata basis; provided that (x) to the extent that the amount of such reallocation would cause the aggregate credit exposure to exceed the aggregate amount of such Non-Expiring Credit Commitments, immediately prior to
such reallocation the amount of Swing Line Loans to be reallocated equal to such excess shall be repaid or Cash Collateralized and (y) notwithstanding the foregoing, if a Default or Event of Default has occurred and is continuing, the Company shall still be obligated to pay Swing Line Loans allocated to the Revolving Credit
Lenders holding the Expiring Credit Commitments at the maturity date of the Expiring Credit Commitment or if the Loans have been accelerated prior to the maturity date of the Expiring Credit Commitment. Upon the maturity date of any tranche of
Revolving Credit Commitments, the sublimit for Swing Line Loans may be reduced as agreed between the Swing Line Lender and the Company, without the consent of any other Person. 

  
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 SECTION 2.05 Prepayments. 

(a) Optional. (i) The Borrower may, upon, subject to clause (iii) below, written notice to the Administrative
Agent by the Borrower pursuant to delivery to the Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay Term Loans
and Revolving Credit Loans in whole or in part without premium or
penalty (subject to Section 2.05(a)(iv); provided that (1) such notice must be received by the Administrative Agent not later than 12:00 noon New York City time (A) three Business Days prior to any date of prepayment of
Eurocurrency Rate Loans or Alternative Currency Daily Rate Loans and (B) one (1) Business Day prior to any prepayment of Base Rate Loans; (2) any prepayment of Eurocurrency Rate
Loans or Alternative Currency Daily Rate Loans shall be in
a minimum Principal Amount of $5,000,000, or a whole multiple of $1,000,000 in excess thereof; and (3) any prepayment of Base Rate Loans shall be in a minimum Principal Amount of $1,000,000 or a whole multiple of $500,000 in excess thereof or,
in each case, if less, the entire Principal Amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Class(es) and Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify
each Appropriate Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of such prepayment. If such notice is given by the Borrower, the Borrower
shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest thereon to such date, together
with any additional amounts required pursuant to Section 3.05. In the case of each prepayment of the Loans pursuant to this Section 2.05(a), the Borrower may in its sole discretion select the Borrowing or Borrowings and, subject to the pro
rata application within any Class of Loans, any Class to be repaid, and such payment shall be paid to the Appropriate Lenders in accordance with their respective Pro Rata Shares or other applicable share as provided for under this Agreement.

 (ii)
[Reserved]. 
 (ii) The Company may, upon, subject to clause (iii) below, written notice to the Swing Line Lender pursuant to delivery
to the Swing Line Lender of a Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that
(1) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. New York City time on the date of the prepayment, and (2) any such prepayment shall be in a minimum Principal Amount of
$500,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Company, the Company
shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  

(iii) Notwithstanding anything to the contrary contained in this Agreement, subject to the payment of any
amounts owing pursuant to Section 3.05, the Borrower may rescind any notice of prepayment under
Sections 2.05(a)(i) or 2.05(a)(ii) if such prepayment would have resulted from a
refinancing of all or a portion of the applicable Facility, which refinancing shall not be consummated or shall otherwise be delayed. Each prepayment of any Class of Term Loans pursuant to this Section 2.05(a) shall be applied in an order of
priority to repayments thereof required pursuant to Section 2.07(a) as directed by the Borrower and, absent such direction, shall be applied in direct order of maturity to repayments thereof required pursuant to Section 2.07(a).

  
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 (iv) In the event that, on or prior to the six-month
anniversary of the Closing Date, the Borrower (x) prepays, refinances, substitutes or replaces any Initial Term Loans pursuant to a Repricing Transaction (including, for the avoidance of. doubt, any prepayment made pursuant to
Section 2.05(b)(iv) that constitutes a Repricing Transaction), or (y) effects any amendment, amendment and restatement or other modification of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the
Administrative Agent, for the ratable account of each of the applicable Term Lenders, (I) in the case of clause (x), a prepayment premium of 1.00% of the aggregate principal amount of the Initial Term Loans so prepaid, refinanced, substituted
or replaced and (II) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the Initial Term Loans outstanding immediately prior to such amendment. If, on or prior to the six-month anniversary of the Closing Date, any
Term Lender in respect of any Initial Term Loans that is a Non-Consenting Lender and is replaced pursuant to Section 3.07(a) in connection with any amendment, amendment and restatement or other modification of this Agreement resulting in a
Repricing Transaction, such Term Lender (and not any Person who replaces such Term Lender pursuant to Section 3.07(a)) shall receive its pro rata portion (as determined immediately prior to it being so replaced) of the prepayment premium or fee
described in the preceding sentence. Such amounts shall be due and payable on the date of effectiveness of such Repricing Transaction. 

(v) Notwithstanding anything in any Loan Document to the contrary, so long as no Default or Event of Default
has occurred and is continuing and no proceeds of Revolving Credit Borrowings are applied to fund any such repayment, any Company Party may prepay the outstanding Term Loans (which shall, for the avoidance of doubt, be automatically and permanently
canceled immediately upon such prepayment) (or Holdings or any of its Subsidiaries may purchase such outstanding Loans and immediately cancel them) on the following basis: 

(A) Any Company Party shall have the right to make a voluntary prepayment of Term Loans at a discount to par
pursuant to a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offers or Borrower Solicitation of Discounted Prepayment Offers (any such prepayment, the “Discounted Term Loan
Prepayment”), in each case made in accordance with this Section 2.05(a)(v); provided that no Company Party shall initiate any action under this Section 2.05(a)(v) in order to make a Discounted Term Loan Prepayment unless
(I) at least ten (10) Business Days shall have passed since the consummation of the most recent Discounted Term Loan Prepayment as a result of a prepayment made by a Company Party on the applicable Discounted Prepayment Effective Date; or
(II) at least three Business Days shall have passed since the date the Company Party was notified that no Term Lender was willing to accept any prepayment of any Term Loan at the Specified Discount, within the Discount Range or at any discount to
par value, as applicable, or in the case of Borrower Solicitation of Discounted Prepayment Offers, the date of any Company Party’s election not to accept any Solicited Discounted Prepayment Offers. 

  
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 (B) (1) Subject to the proviso to subsection (A)
above, any Company Party may from time to time offer to make a Discounted Term Loan Prepayment by providing the Auction Agent with five (5) Business Days’ notice in the form of a Specified Discount Prepayment Notice; provided that
(I) any such offer shall be made available, at the sole discretion of the Company Party, to (x) each Term Lender and/or (y) each Term Lender with respect to any Class of Term Loans on an individual tranche basis (II) any such offer
shall specify the aggregate principal amount offered to be prepaid (the “Specified Discount Prepayment Amount”) with respect to each applicable tranche, the tranche or tranches of Term Loans subject to such offer and the specific
percentage discount to par (the “Specified Discount”) of such Term Loans to be prepaid (it being understood that different Specified Discounts and/or Specified Discount Prepayment Amounts may be offered with respect to different
tranches of Term Loans and, in such event, each such offer will be treated as a separate offer pursuant to the terms of this Section 2.05(a)(v)(B)), (III) the Specified Discount Prepayment Amount shall be in an aggregate amount not less than
$10,000,000 and whole increments of $1,000,000 in excess thereof and (IV) each such offer shall remain outstanding through the Specified Discount Prepayment Response Date. The Auction Agent will promptly provide each Appropriate Lender with a copy
of such Specified Discount Prepayment Notice and a form of the Specified Discount Prepayment Response to be completed and returned by each such Term Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m., on the third Business Day
after the date of delivery of such notice to such Lenders (the “Specified Discount Prepayment Response Date”). 

(2) Each Term Lender receiving such offer shall notify the Auction Agent (or its delegate) by the Specified
Discount Prepayment Response Date whether or not it agrees to accept a prepayment of any of its applicable then outstanding Term Loans at the Specified Discount and, if so (such accepting Lender, a “Discount Prepayment Accepting
Lender”), the amount and the tranches of such Lender’s Term Loans to be prepaid at such offered discount. Each acceptance of a Discounted Term Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable. Any Term
Lender whose Specified Discount Prepayment Response is not received by the Auction Agent by the Specified Discount Prepayment Response Date shall be deemed to have declined to accept the applicable Borrower Offer of Specified Discount Prepayment.

 (3) If there is at least one Discount Prepayment Accepting Lender, the relevant Company Party will make a
prepayment of outstanding Term Loans pursuant to this paragraph (B) to each Discount Prepayment Accepting Lender in accordance with the respective outstanding amount and tranches of Term Loans specified in such Lender’s Specified Discount
Prepayment Response given pursuant to subsection (2) above; provided that if the aggregate principal amount of Term Loans accepted for prepayment by all Discount Prepayment Accepting Lenders exceeds the Specified Discount Prepayment
Amount, such prepayment shall be made pro rata among the Discount Prepayment Accepting Lenders in accordance with the respective principal amounts accepted to be prepaid by each such Discount Prepayment Accepting Lender and the Auction Agent (in
consultation with such Company Party and subject to rounding requirements of the Auction Agent made in its reasonable discretion) will calculate such proration (the “Specified Discount Proration”). The Auction Agent shall promptly,
and in any case within three Business Days following the Specified Discount Prepayment Response Date, notify (I) the relevant Company Party of the respective Term Lenders’ responses to such offer, the Discounted Prepayment Effective Date
and the aggregate principal amount of the Discounted Term Loan Prepayment and the tranches to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, and the aggregate principal amount and the tranches of Term Loans to be
prepaid at the Specified Discount on such date and (III) each Discount Prepayment Accepting Lender of the Specified Discount Proration, if any, and confirmation of the principal amount, tranche and Type of Term Loans of such Lender to be prepaid at
the Specified Discount on such date. Each determination by the Auction Agent of the amounts stated in the foregoing notices to the Company Party and such Term Lenders shall be conclusive and binding for all purposes absent manifest error. The
payment amount specified in such notice to the Company Party shall be due and payable by such Company Party on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J) below). 

  
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 (C) (1) Subject to the proviso to subsection (A)
above, any Company Party may from time to time solicit Discount Range Prepayment Offers by providing the Auction Agent with five (5) Business Days’ notice in the form of a Discount Range Prepayment Notice; provided that (I) any
such solicitation shall be extended, at the sole discretion of such Company Party, to (x) each Term Lender and/or (y) each Term Lender with respect to any Class of Term Loans on an individual tranche basis, (II) any such notice shall
specify the maximum aggregate principal amount of the relevant Term Loans (the “Discount Range Prepayment Amount”), the tranche or tranches of Term Loans subject to such offer and the maximum and minimum percentage discounts to par
(the “Discount Range”) of the principal amount of such Term Loans with respect to each relevant tranche of Term Loans willing to be prepaid by such Company Party (it being understood that different Discount Ranges and/or Discount
Range Prepayment Amounts may be offered with respect to different tranches of Term Loans and, in such event, each such offer will be treated as a separate offer pursuant to the terms of this Section 2.05(a)(v)(C)), (III) the Discount Range
Prepayment Amount shall be in an aggregate amount not less than $10,000,000 and whole increments of $1,000,000 in excess thereof and (IV) each such solicitation by a Company Party shall remain outstanding through the Discount Range Prepayment
Response Date. The Auction Agent will promptly provide each Appropriate Lender with a copy of such Discount Range Prepayment Notice and a form of the Discount Range Prepayment Offer to be submitted by a responding Lender to the Auction Agent (or its
delegate) by no later than 5:00 p.m., on the third Business Day after the date of delivery of such notice to such Lenders (the “Discount Range Prepayment Response Date”). Each Term Lender’s Discount Range Prepayment Offer shall
be irrevocable and shall specify a discount to par within the Discount Range (the “Submitted Discount”) at which such Lender is willing to allow prepayment of any or all of its then outstanding Term Loans of the applicable tranche
or tranches and the maximum aggregate principal amount and tranches of such Lender’s Term Loans (the “Submitted Amount”) such Term Lender is willing to have prepaid at the Submitted Discount. Any Term Lender whose Discount
Range Prepayment Offer is not received by the Auction Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term Loans at any discount to their par value
within the Discount Range. 
 (2) The Auction Agent shall review all Discount Range Prepayment Offers
received on or before the applicable Discount Range Prepayment Response Date and shall determine (in consultation with such Company Party and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) the
Applicable Discount and Term Loans to be prepaid at such Applicable Discount in accordance with this subsection (C). The relevant Company Party agrees to accept on the Discount Range Prepayment Response Date all Discount Range Prepayment Offers
received by Auction Agent by the Discount Range Prepayment Response Date, in the order from the Submitted Discount that is the largest discount to par to the Submitted Discount that is the smallest discount to par, up to and including the Submitted
Discount that is the smallest discount to par within the Discount Range (such Submitted Discount that is the smallest discount to par within the Discount Range being referred to as the “Applicable Discount”) which yields a
Discounted Term Loan Prepayment in an aggregate principal amount equal to the lower of (I) the Discount Range Prepayment Amount and (II) the sum of all Submitted Amounts. Each Term Lender that has submitted a Discount Range Prepayment Offer to
accept prepayment at a discount to par that is larger than or equal to the Applicable Discount shall be deemed to have irrevocably consented to prepayment of Term Loans equal to its Submitted Amount (subject to any required proration pursuant to the
following subsection (3)) at the Applicable Discount (each such Term Lender, a “Participating Lender”). 

  
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 (3) If there is at least one Participating Lender, the
relevant Company Party will prepay the respective outstanding Term Loans of each Participating Lender in the aggregate principal amount and of the tranches specified in such Lender’s Discount Range Prepayment Offer at the Applicable Discount;
provided that if the Submitted Amount by all Participating Lenders offered at a discount to par greater than the Applicable Discount exceeds the Discount Range Prepayment Amount, prepayment of the principal amount of the relevant Term Loans
for those Participating Lenders whose Submitted Discount is a discount to par greater than or equal to the Applicable Discount (the “Identified Participating Lenders”) shall be made pro rata among the Identified Participating
Lenders in accordance with the Submitted Amount of each such Identified Participating Lender and the Auction Agent (in consultation with such Company Party and subject to rounding requirements of the Auction Agent made in its sole reasonable
discretion) will calculate such proration (the “Discount Range Proration”). The Auction Agent shall promptly, and in any case within five (5) Business Days following the Discount Range Prepayment Response Date, notify
(I) the relevant Company Party of the respective Term Lenders’ responses to such solicitation, the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate principal amount of the Discounted Term Loan Prepayment and
the tranches to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate principal amount and tranches of Term Loans to be prepaid at the Applicable Discount on such date, (III) each
Participating Lender of the aggregate principal amount and tranches of such Term Lender to be prepaid at the Applicable Discount on such date, and (IV) if applicable, each Identified Participating Lender of the Discount Range Proration. Each
determination by the Auction Agent of the amounts stated in the foregoing notices to the relevant Company Party and Term Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to
the Company Party shall be due and payable by such Company Party on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J) below). 

(D) (1) Subject to the proviso to subsection (A) above, any Company Party may from time to time
solicit Solicited Discounted Prepayment Offers by providing the Auction Agent with five (5) Business Days’ notice in the form of a Solicited Discounted Prepayment Notice; provided that (I) any such solicitation shall be
extended, at the sole discretion of such Company Party, to (x) each Term Lender and/or (y) each Lender with respect to any Class of Loans on an individual tranche basis, (II) any such notice shall specify the maximum aggregate amount of
the Term Loans (the “Solicited Discounted Prepayment Amount”) and the tranche or tranches of Term Loans the Borrower is willing to prepay at a discount (it being understood that different Solicited Discounted Prepayment Amounts may
be offered with respect to different tranches of Term Loans and, in such event, each such offer will be treated as a separate offer pursuant to the terms of this Section 2.05(a)(v)(D)), (III) the Solicited Discounted Prepayment Amount shall be
in an aggregate amount not less than $10,000,000 and whole increments of $1,000,000 in excess thereof and (IV) each such solicitation by a Company Party shall remain outstanding through the Solicited Discounted Prepayment Response Date. The Auction
Agent will promptly provide each Appropriate Lender with a copy of such Solicited Discounted Prepayment Notice and a form of the Solicited Discounted Prepayment Offer to be submitted by a responding Lender to the Auction Agent (or its delegate) by
no later than 5:00 p.m., on the third Business Day after the date of delivery of such notice to such Term Lenders (the “Solicited Discounted Prepayment Response Date”). Each Term Lender’s Solicited Discounted Prepayment Offer
shall (x) be irrevocable, (y) remain outstanding until the Acceptance Date, and (z) specify both a discount to par (the “Offered Discount”) at which such Term Lender is willing to allow prepayment of its then
outstanding Term Loan and the maximum aggregate principal amount and tranches of such Term Loans (the “Offered Amount”) such Term Lender is willing to have prepaid at the Offered Discount. Any Term Lender whose Solicited Discounted
Prepayment Offer is not received by the Auction Agent by the Solicited Discounted Prepayment Response Date shall be deemed to have declined prepayment of any of its Term Loans at any discount. 

  
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 (2) The Auction Agent shall promptly provide the relevant
Company Party with a copy of all Solicited Discounted Prepayment Offers received on or before the Solicited Discounted Prepayment Response Date. Such Company Party shall review all such Solicited Discounted Prepayment Offers and select the largest
of the Offered Discounts specified by the relevant responding Term Lenders in the Solicited Discounted Prepayment Offers that is acceptable to the Company Party (the “Acceptable Discount”), if any. If the Company Party elects to
accept any Offered Discount as the Acceptable Discount, then as soon as practicable after the determination of the Acceptable Discount, but in no event later than by the third Business Day after the date of receipt by such Company Party from the
Auction Agent of a copy of all Solicited Discounted Prepayment Offers pursuant to the first sentence of this subsection (2) (the “Acceptance Date”), the Company Party shall submit an Acceptance and Prepayment Notice to the
Auction Agent setting forth the Acceptable Discount. If the Auction Agent shall fail to receive an Acceptance and Prepayment Notice from the Company Party by the Acceptance Date, such Company Party shall be deemed to have rejected all Solicited
Discounted Prepayment Offers. 
 (3) Based upon the Acceptable Discount and the Solicited Discounted
Prepayment Offers received by Auction Agent by the Solicited Discounted Prepayment Response Date, within three Business Days after receipt of an Acceptance and Prepayment Notice (the “Discounted Prepayment Determination Date”), the
Auction Agent will determine (in consultation with such Company Party and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) the aggregate principal amount and the tranches of Term Loans (the
“Acceptable Prepayment Amount”) to be prepaid by the relevant Company Party at the Acceptable Discount in accordance with this Section 2.05(a)(v)(D). If the Company Party elects to accept any Acceptable Discount, then the
Company Party agrees to accept all Solicited Discounted Prepayment Offers received by Auction Agent by the Solicited Discounted Prepayment Response Date, in the order from largest Offered Discount to smallest Offered Discount, up to and including
the Acceptable Discount. Each Term Lender that has submitted a Solicited Discounted Prepayment Offer with an Offered Discount that is greater than or equal to the Acceptable Discount shall be deemed to have irrevocably consented to prepayment of
Term Loans equal to its Offered Amount (subject to any required pro rata reduction pursuant to the following sentence) at the Acceptable Discount (each such Lender, a “Qualifying Lender”). The Company Party will prepay outstanding
Term Loans pursuant to this subsection (D) to each Qualifying Lender in the aggregate principal amount and of the tranches specified in such Lender’s Solicited Discounted Prepayment Offer at the Acceptable Discount; provided that if
the aggregate Offered Amount by all Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount exceeds the Solicited Discounted Prepayment Amount, prepayment of the principal amount of the Term Loans for those
Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount (the “Identified Qualifying Lenders”) shall be made pro rata among the Identified Qualifying Lenders in accordance with the Offered Amount
of each such Identified Qualifying Lender and the Auction Agent (in consultation with such Company Party and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) will calculate such proration (the
“Solicited Discount Proration”). On or prior to the Discounted Prepayment Determination Date, the Auction Agent shall promptly notify (I) the relevant Company Party of the Discounted Prepayment Effective Date and Acceptable
Prepayment Amount comprising the Discounted Term Loan Prepayment and the tranches to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, the Acceptable Discount, and the Acceptable Prepayment Amount of all Term Loans and
the tranches to be prepaid to be prepaid at the Applicable Discount on such date, (III) each Qualifying Lender of the aggregate principal amount and the tranches of such Term Lender to be prepaid at the Acceptable Discount on such date, and (IV) if
applicable, each Identified Qualifying Lender of the Solicited Discount Proration. Each determination by the Auction Agent of the amounts stated in the foregoing notices to such Company Party and Term Lenders shall be conclusive and binding for all
purposes absent manifest error. The payment amount specified in such notice to such Company Party shall be due and payable by such Company Party on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to
subsection (J) below). 

  
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 (E) In connection with any Discounted Term Loan Prepayment,
the Company Parties and the Term Lenders acknowledge and agree that the Auction Agent may require as a condition to any Discounted Term Loan Prepayment, the payment of customary fees and expenses from a Company Party in connection therewith. 

(F) If any Term Loan is prepaid in accordance with paragraphs (B) through (D) above, a Company Party
shall prepay such Term Loans on the Discounted Prepayment Effective Date. The relevant Company Party shall make such prepayment to the Administrative Agent, for the account of the Discount Prepayment Accepting Lenders, Participating Lenders, or
Qualifying Lenders, as applicable, at the Administrative Agent’s Office in immediately available funds not later than 11:00 a.m. on the Discounted Prepayment Effective Date and all such prepayments shall be applied to the remaining principal
installments of the relevant tranche of Loans on a pro rata basis across such installments. The Term Loans so prepaid shall be accompanied by all accrued and unpaid interest on the par principal amount so prepaid up to, but not including, the
Discounted Prepayment Effective Date. Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a)(v) shall be paid to the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable, and
shall be applied to the relevant Loans of such Lenders in accordance with their respective Pro Rata Share. The aggregate principal amount of the tranches and installments of the relevant Term Loans outstanding shall be deemed reduced by the full par
value of the aggregate principal amount of the tranches of Term Loans prepaid on the Discounted Prepayment Effective Date in any Discounted Term Loan Prepayment. In connection with each prepayment pursuant to this Section 2.05(a)(v), the
relevant Company Party shall waive any right to bring any action against the Administrative Agent, in its capacity as such, in connection with any such Discounted Term Loan Prepayment. 

  
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 (G) To the extent not expressly provided for herein, each
Discounted Term Loan Prepayment shall be consummated pursuant to procedures consistent with the provisions in this Section 2.05(a)(v), established by the Auction Agent acting in its reasonable discretion and as reasonably agreed by the
Borrower. 
 (H) Notwithstanding anything in any Loan Document to the contrary, for purposes of this
Section 2.05(a)(v), each notice or other communication required to be delivered or otherwise provided to the Auction Agent (or its delegate) shall be deemed to have been given upon Auction Agent’s (or its delegate’s) actual receipt
during normal business hours of such notice or communication; provided that any notice or communication actually received outside of normal business hours shall be deemed to have been given as of the opening of business on the next Business
Day. 
 (I) Each of the Company Parties and the Term Lenders acknowledge and agree that the Auction Agent
may perform any and all of its duties under this Section 2.05(a)(v) by itself or through any Affiliate of the Auction Agent and expressly consents to any such delegation of duties by the Auction Agent to such Affiliate and the performance of
such delegated duties by such Affiliate. The exculpatory provisions pursuant to this Agreement shall apply to each Affiliate of the Auction Agent and its respective activities in connection with any Discounted Term Loan Prepayment provided for in
this Section 2.05(a)(v) as well as activities of the Auction Agent. 
 (J) Each Company Party shall
have the right, by written notice to the Auction Agent, to revoke in full (but not in part) its offer to make a Discounted Term Loan Prepayment and rescind the applicable Specified Discount Prepayment Notice, Discount Range Prepayment Notice or
Solicited Discounted Prepayment Notice therefor at its discretion at any time on or prior to the applicable Specified Discount Prepayment Response Date (and if such offer is revoked pursuant to the preceding clauses, any failure by such Company
Party to make any prepayment to a Lender, as applicable, pursuant to this Section 2.05(a)(v) shall not constitute a Default or Event of Default under Section 8.01 or otherwise). 

  
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 (b) Mandatory. (i) Within five (5) Business Days after
financial statements have been delivered pursuant to Section 6.01(a) (commencing with the fiscal year ending December 31, 2022) and the related Compliance Certificate has been delivered pursuant to Section 6.02(a), the Borrower shall
cause to be offered to be prepaid in accordance with clause (b)(ix) below, an aggregate principal amount of Term Loans in an amount equal to (A) the Applicable ECF Percentage of Excess Cash Flow, if any, for the fiscal year covered by such
financial statements minus (B) the sum of (1) all voluntary prepayments of Term Loans made during such fiscal year or after year-end and prior to when such Excess Cash Flow prepayment is due (including the aggregate principal amount of
Term Loans prepaid pursuant to Section 2.05(a)(v) during such time), (2) all voluntary prepayments of Revolving Credit Loans during such fiscal year or after year-end and prior to when such Excess Cash Flow prepayment is due to the extent
the Revolving Credit Commitments are permanently reduced by the amount of such payments, (3) all voluntary prepayments, repurchases or redemptions of any Credit Agreement Refinancing Indebtedness, Permitted Ratio Debt, incurred Indebtedness
under Section 7.03(g) and any other Indebtedness (in the case of any revolving credit facilities, to the extent accompanied by a permanent reduction of the corresponding commitment) in each case, secured on a pari passu basis with the
Initial Term Loans and repurchased or redeemed on a pro rata basis or less than pro rata basis with the Initial Term Loans (except to the extent financed with proceeds of long-term funded Indebtedness (other than revolving loans)) during such fiscal
year or after year-end and prior to when such Excess Cash Flow prepayment is due, (4) the amount of Capital Expenditures or acquisitions of IP Rights to the extent not expensed and Capitalized Software Expenditures accrued or made (or committed
to be made) in cash during such period or, at the option of the Borrower, made after such period and prior to the date the Excess Cash Flow prepayment is due (it being understood that to the extent such Capital Expenditures or acquisitions are not
actually made as committed in a subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period, to the extent financed with internally generated cash), (5) the aggregate amount of all principal
payments of Indebtedness of the Borrower or the Restricted Subsidiaries made (or committed to be made) during such period or, at the option of the Borrower, made after such period and prior to the date the Excess Cash Flow prepayment is due (it
being understood that to the extent such payments are not actually made as committed in a subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period) (including (A) the principal component of
payments in respect of Capital Leases, (B) the amount of any scheduled repayment of Term Loans pursuant to Section 2.07, and (C) any mandatory prepayment of Term Loans pursuant to Section 2.05(b)(ii) to the extent required due to a
Disposition that resulted in an increase to Consolidated Net Income and not in excess of the amount of such increase but excluding (X) all other voluntary and mandatory prepayments of Term Loans and all prepayments and repayments of Revolving
Credit Loans and (Y) all prepayments in respect of any other revolving credit facility, except in the case of clause (Y) to the extent there is an equivalent permanent reduction in commitments thereunder to the extent financed with
internally generated cash), (6) cash payments by the Borrower and the Restricted Subsidiaries made (or committed to be made) during such period or, at the option of the Borrower, made after such period and prior to the date the Excess Cash Flow
prepayment is due (it being understood that to the extent such payments are not actually made as committed in a subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period) in respect of long-term
liabilities of the Borrower and the Restricted Subsidiaries other than Indebtedness, to the extent financed with internally generated cash, (7) the amount of Investments and acquisitions made (or committed to be made) by the Borrower and the
Restricted Subsidiaries during such period or, at the option of the Borrower, made after such period and prior to the date the Excess Cash Flow prepayment is due (it being understood that to the extent such Investments and acquisitions are not
actually made as committed in a subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period) and paid (or committed to be paid) in cash pursuant to Section 7.02, to the extent financed with
internally generated cash, (8) the amount of Restricted Payments paid in cash (or committed to be paid) pursuant to Section 7.06 (other than clauses (d), (h)(ii) (except with respect to usage of any portion of the Starter Basket) and
(l)(ii)) during such period or, at the option of the Borrower, paid after such period and prior to the date the Excess Cash Flow prepayment is due (it being understood that to the extent such payments are not actually paid as committed in a
subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period) to the extent financed with internally generated cash, (9) the aggregate amount of expenditures made (or committed to be made) by the
Borrower and its Restricted Subsidiaries in cash during such period or, at the option of the Borrower, made after such period and prior to the date the Excess Cash Flow prepayment is due (it being understood that to the extent such expenditures are
not actually made as committed in a subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period) (including expenditures for the payment of financing fees) to the extent that such expenditures are
not expensed during such period, to the extent financed with internally generated cash, (10) the aggregate amount of any premium, make-whole or penalty payments paid (or committed to be paid) in cash by the Borrower and its Restricted
Subsidiaries during such period or, at the option of the Borrower, paid after such period and prior to the date the Excess Cash Flow prepayment is due (it being understood that to the extent such premium, make-whole or penalty payments are not
actually paid as committed in a subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period) that are required to be made in connection with any prepayment of Indebtedness, to the extent financed
with internally generated cash and (11) the amount of cash taxes paid (or committed to be paid) in such period or, at the option of the Borrower, paid after such period and prior to the date the Excess Cash Flow prepayment is due (it being
understood that to the extent such taxes are not actually paid as committed in a subsequent period, such amount shall be added back in calculating Excess Cash Flow for such subsequent period) to the extent they exceed the amount of tax expense
deducted in determining Consolidated Net Income for such period, in the case of each of the immediately preceding clauses (1) through (11), to the extent such prepayments are funded with the internally generated cash and, without duplication of any
deduction from Excess Cash Flow in any prior period; provided that, that no Excess Cash Flow payment shall be required if Excess Cash Flow during such year is equal to or less than $25,000,000, at which time the amount in excess of $25,000,000, will
be offered to be prepaid as provided in Section 2.05(b)(i). 

  
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 (ii) If (x) the Company or any Restricted Subsidiary of
the Company Disposes of any property or assets (other than any Disposition of any property or assets permitted by Sections 7.05 (a), (b), (c), (d), (e), (g), (h), (i), (k), (l), (m), (o), (p), (q), (s)), or (y) any Casualty Event occurs, which
results in the realization or receipt by the Company or Restricted Subsidiary of Net Proceeds, the Company shall cause to be offered to be prepaid in accordance with clause (b)(ix) below, on or prior to the date which is ten (10) Business Days
after the date of the realization or receipt by the Company or any Restricted Subsidiary of such Net Proceeds, subject to clause (b)(xi) below, an aggregate principal amount of Term Loans in an amount equal to 100% of all Net Proceeds received;
provided that if at the time that any such prepayment would be required, the Company is required to offer to repurchase any Permitted First Priority Refinancing Debt (or any Permitted Refinancing thereof that is secured on a pari passu
basis with the Obligations) pursuant to the terms of the documentation governing such Indebtedness with the Net Proceeds of such Disposition or Casualty Event (such Indebtedness required to be offered to be so repurchased, “Other Applicable
Indebtedness”), then the Company may apply such Net Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Term Loans and Other Applicable Indebtedness at such time); provided, further,
that (A) the portion of such Net Proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount of such Net Proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the
remaining amount, if any, of such Net Proceeds shall be allocated to the Term Loans in accordance with the terms hereof to the prepayment of the Term Loans and to the repurchase or prepayment of Other Applicable Indebtedness, and the amount of
prepayment of the Term Loans that would have otherwise been required pursuant to this Section 2.05(b)(ii) shall be reduced accordingly and (B) to the extent the holders of Other Applicable Indebtedness decline to have such indebtedness
repurchased or prepaid, the declined amount shall promptly (and in any event within ten (10) Business Days after the date of such rejection) be applied to prepay the Term Loans in accordance with the terms hereof. 

(iii) [Reserved]. 

(iv) If the Company or any Restricted Subsidiary incurs or issues any Indebtedness after the Closing Date
(other than Indebtedness not prohibited under Section 7.03 (excluding Section 7.03(t)), the Company shall cause to be offered to be prepaid in accordance with clause (b)(ix) below an aggregate principal amount of Term Loans in an amount
equal to 100% of all Net Proceeds received therefrom on or prior to the date which is five (5) Business Days after the receipt by the Company or such Restricted Subsidiary of such Net Proceeds. 

  
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 (v) [Reserved]. 

(v)
 If for any reason the aggregate Revolving Credit Exposures at any time exceeds the aggregate Revolving Credit Commitments then in effect
(including , for the avoidance of doubt, as a result of the termination of any Class of Revolving Credit Commitments on the Maturity Date with respect thereto), the Company shall promptly prepay or cause to be promptly prepaid Revolving Credit Loans and Swing
Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided that the Company shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless
after the prepayment in full of the Revolving Credit Loans and Swing Line Loans such aggregate Outstanding Amount exceeds the aggregate Revolving Credit Commitments then in effect. If the Administrative Agent notifies the Company at any time that
the Outstanding Amount of all Revolving Credit Loans and L/C Obligations denominated in Yen at such time exceeds an amount equal to 100% of the Yen Sublimit (or, in the case of L/C Obligations denominated in Yen, the Yen Letter of Credit Sublimit)
then in effect, then, within five (5) Business Days after receipt of such notice, the Company shall prepay or cause to be prepaid Loans and/or Cash Collateralize Letters of Credit in an aggregate amount sufficient to reduce such Outstanding
Amount as of such date of payment to an amount not to exceed 100% of the Yen Sublimit or the Yen Letter of Credit Sublimit, as the case may be, then in effect. 

(vi) Except with respect to Loans incurred in connection with any Refinancing Amendment, Term Loan Extension
Request, Revolver Extension Request or any Incremental Amendment (which may be prepaid on a less than pro rata basis in accordance with its terms), (A) each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied ratably
to each Class of Term Loans then outstanding (provided that (i) any prepayment of Term Loans with the Net Proceeds of Credit Agreement Refinancing Indebtedness shall be applied solely to each applicable Class of Refinanced Debt, and
(ii) any Class of Incremental Term Loans may specify that one or more other Classes of Term Loans and Incremental Term Loans may be prepaid prior to such Class of Incremental Term Loans); (B) with respect to each Class of Term Loans, each
prepayment pursuant to clauses (i) through (iv) of this Section 2.05(b) shall be applied to the scheduled installments of principal thereof following the date of prepayment pursuant to Section 2.07(a) in direct order of maturity;
and (C) each such prepayment shall be paid to the Lenders in accordance with their respective Pro Rata Shares of such prepayment. 

(vii) The Company shall notify the Administrative Agent in writing of any mandatory prepayment of Term Loans
required to be made pursuant to clauses (i) through (iv) of this Section 2.05(b) at least four (4) Business Days prior to the date of such prepayment. Each such notice shall specify the date of such prepayment and provide a
reasonably detailed calculation of the amount of such prepayment. The Administrative Agent will promptly notify each Appropriate Lender of the contents of the Company’s prepayment notice and of such Appropriate Lender’s Pro Rata Share of
the prepayment. 
 (viii) Funding Losses, Etc. All prepayments under this Section 2.05 shall be
made together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.05.
Notwithstanding any of the other provisions of Section 2.05(b), so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05(b), prior to
the last day of the Interest Period therefor, the Company may, in its sole discretion, deposit the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account until the last day of such Interest Period, at
which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05(b). Upon
the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of
the outstanding Loans in accordance with this Section 2.05(b). 

  
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 (ix) Term Opt-out of Prepayment. With respect to each
prepayment of Term Loans required pursuant to Sections 2.05(b)(i) and 2.05(b)(ii), (A) each Lender of Term Loans will have the right to refuse such offer of prepayment by giving written notice of such refusal to the Administrative Agent within
one (1) Business Day after such Lender’s receipt of notice from the Administrative Agent of such offer of prepayment (“Declined Proceeds”) (and the Company shall not prepay any Term Loans of such Lender on the date that is
specified in clause (B) below), (B) the Company will make all such prepayments not so refused upon the fourth Business Day after delivery of notice by the Company pursuant to Section 2.05(b)(vii) and (C) any Declined Proceeds may
be retained by the Company. 
 (x) In connection with any mandatory prepayments by the Company of the Term
Loans pursuant to this Section 2.05(b), such prepayments shall be applied on a pro rata basis to the then outstanding Term Loans of the applicable Class or Classes being prepaid irrespective of whether such outstanding Term Loans are Base Rate
Loans or Eurocurrency Rate Loans; provided that if no Lenders exercise the right to waive a given mandatory prepayment of the Term Loans pursuant to Section 2.05(b)(ix), then, with respect to such mandatory prepayment, the amount of such
mandatory prepayment within any tranche of Term Loans shall be applied first to Term Loans of such tranche that are Base Rate Loans to the full extent thereof before application to Term Loans of such tranche that are Eurocurrency Rate Loans in a
manner that minimizes the amount of any payments required to be made by the Company pursuant to Section 3.05. 

(xi) Foreign Dispositions. Notwithstanding any other provisions of this Section 2.05, (i) to
the extent that any of or all the Net Proceeds of any Disposition by a Foreign Subsidiary (“Foreign Disposition”) or Excess Cash Flow attributable to Foreign Subsidiaries are prohibited or delayed by applicable local law from being
repatriated to the United States, the portion of such Net Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Term Loans at the times provided in this Section 2.05 but may be retained by the applicable Foreign
Subsidiary so long, but only so long, as the applicable local law will not permit repatriation to the United States (the Company hereby agreeing to cause the applicable Foreign Subsidiary to promptly take all actions reasonably required by the
applicable local law to permit such repatriation), and once such repatriation of any of such affected Net Proceeds or Excess Cash Flow that, in each case, would otherwise be required to be used to make an offer of prepayment pursuant to Sections
2.05(b)(i) or 2.05(b)(ii), is permitted under the applicable local law, such repatriation will be immediately effected and such repatriated Net Proceeds or Excess Cash Flow will be promptly (and in any event not later than two Business Days after
such repatriation) applied (net of additional taxes payable or reserved against as a result thereof) to the repayment of the Term Loans pursuant to this Section 2.05 and (ii) to the extent that the Company has determined in good faith that
repatriation of any of or all the Net Proceeds of any Foreign Disposition or Excess Cash Flow attributable to Foreign Subsidiaries would have material adverse tax cost consequences with respect to such Net Proceeds or Excess Cash Flow, such Net
Proceeds or Excess Cash Flow so affected may be retained by the applicable Foreign Subsidiary; provided that in the case of this clause (ii), on or before the date on which any such Net Proceeds so retained would otherwise have been required
to be applied to reinvestments or prepayments pursuant to Section 2.05(b) or any such Excess Cash Flow would have been required to be applied to prepayments pursuant to Section 2.05(b), the Company applies an amount equal to such Net
Proceeds or Excess Cash Flow to such reinvestments or prepayments, as applicable, as if such Net Proceeds or Excess Cash Flow had been received by the Company rather than such Foreign Subsidiary, less the amount of additional taxes that would have
been payable or reserved against if such Net Proceeds or Excess Cash Flow had been repatriated (or, if less, the Net Proceeds or Excess Cash Flow that would be calculated if received by such Foreign Subsidiary). 

  
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 SECTION 2.06 Termination or Reduction of Commitments. 

(a) Optional. The Company may, upon written notice to the Administrative Agent, terminate the unused Commitments of any
Class, or from time to time permanently reduce the unused Commitments of any Class, in each case without premium or penalty; provided that (i) any such notice shall be received by the Administrative Agent three Business Days prior to the
date of termination or reduction
and, (ii) any such partial reduction shall be
in a minimum aggregate amount of $10,000,000, or any whole multiple of $1,000,000, in excess thereof or, if less, the entire amount
thereof and (iii) if, after giving effect to any reduction of the Commitments, the Letter of Credit
Sublimit, the Yen Sublimit or the Swing Line Sublimit exceeds the amount of the Revolving Credit Facility, such sublimit shall be automatically reduced by the amount of such excess. The amount of any such Commitment reduction shall not otherwise be
applied to the Letter of Credit Sublimit, the Yen Sublimit or the Swing Line Sublimit unless otherwise specified by the Company. Notwithstanding the foregoing, the Company may rescind or postpone
any notice of termination of the Commitments if such termination would have resulted from a refinancing of all of the applicable Facility, which refinancing shall not be consummated or otherwise shall be delayed. 

(b) Mandatory. The Initial Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon
the funding (or deemed funding) of the Initial Term Loans to be made by it on the Closing Date. The Amendment
No. 1 Revolving Credit Commitment shall automatically and permanently terminate on the Maturity Date with respect to the Amendment No. 1 Revolving Credit Commitments. 

(c) Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Appropriate
Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, the Yen Sublimit or the
Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be
reduced by such Lender’s Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.07). All commitment fees accrued until the effective date of
any termination of the Aggregate Commitments shall be paid on the effective date of such termination. 
 SECTION 2.07
Repayment of Loans. 

(a)
 Term Loans. The Company shall repay to the Administrative Agent for the ratable account of the Term Lenders, (i) with respect to the Initial Term Loans, on the last Business Day of
each March, June, September and December, commencing with the first full fiscal quarter after the Closing Date until the fiscal quarter ending prior to the seventh anniversary of the Closing Date, an aggregate principal amount equal to 0.25% of the
aggregate principal amount of all Initial Term Loans outstanding on the Closing Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and
(ii) on the Maturity Date for the Initial Term Loans, the aggregate principal amount of all Initial Term Loans outstanding on such date. In the event any Incremental Term Loans, Refinancing Term Loans or Extended Term Loans are made, such
Incremental Term Loans, Refinancing Term Loans or Extended Term Loans, as applicable, shall be repaid by the Company in the amounts and on the dates set forth in the Incremental Amendment, Refinancing Amendment or Extension Amendment with respect
thereto and on the applicable Maturity Date thereof. 
 (b) Revolving Credit Loans. Each Borrower shall repay to the Administrative Agent for the ratable account of the
Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the
aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date. 

  
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(c)
 Swing Line Loans. The Company shall repay each Swing Line Loan on the earlier to occur of (i) the date five (5) Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Credit Facility (although Swing
Line Loans may thereafter be reborrowed, in accordance with the terms and conditions hereof, if there are one or more Classes of Revolving Credit Commitments which remain in effect). 

SECTION 2.08 Interest. 

(a) Subject to the provisions of Section 2.08(b), (i) each Eurocurrency Rate Loan shall bear interest on the
outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Rate
and, (ii) each Base Rate Loan (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate, (iii) each Alternative Currency Daily Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per
annum equal to the Alternative Currency Daily Rate for such Interest Period plus the Applicable Rate and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate
for Revolving Credit Loans. 
 (b) During the continuance of a
Default under Section 8.01(a), each Borrower shall pay interest on past due amounts owing by it hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws;
provided that no interest at the Default Rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Accrued and unpaid interest on such amounts (including interest on past due interest) shall
be due and payable upon demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment
Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any
Debtor Relief Law. 
 SECTION 2.09 Fees. 

(a)
 Commitment Fee. The Company agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a
commitment fee in Dollars equal to the Applicable Rate with respect to Revolving Credit Loan commitment fees, times the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Facility exceeds the sum of
(A) the Outstanding Amount of Revolving Credit Loans for such Facility and (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any commitment fee accrued with respect to any of the Commitments of a
Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Company so long as such Lender shall be a Defaulting Lender, except to the extent that such commitment
fee shall otherwise have been due and payable by the Company prior to such time; and provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting
Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Amendment No. 1 Effective Date until the Maturity Date for the Revolving Credit Commitments, including at any time during which one or more of the
conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business
Day of each March, June, September and December, commencing with the first such date during the first full
fiscal quarter to occur after the Amendment No. 1 Effective Date and on the Maturity Date for the Revolving Credit Commitments. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate
during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  
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(b)
 Other Fees. The Company shall pay to the Agents such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned
when paid and shall not be refundable for any reason whatsoever (except as expressly agreed between the Company and the applicable Agent). 

SECTION 2.10 Computation of Interest and Fees. 

All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) and Alternative Currency Daily Rate Loans shall be made on the basis of
a year of three hundred and sixty-five (365) days, or three hundred and sixty-six (366) days, as applicable, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a three hundred and sixty
(360) day year and actual days elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided
that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and
binding for all purposes, absent manifest error. 
 SECTION 2.11 Evidence of Indebtedness. 

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender
and evidenced by one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c), as agent for the Borrower, in each case in the ordinary course of business. The
accounts or records maintained by the Administrative Agent and each Lender shall be prima facie evidence absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon.
Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and
records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender
made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note payable to such Lender, which shall evidence such Lender’s Loans in addition to such accounts or records.
Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount, currency and maturity of its Loans and payments with respect thereto. 

(b)
 In addition to the accounts and records referred to in Section 2.11(a), each Revolving Credit Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records and, in the case of the Administrative
Agent, entries in the Register, evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and
the accounts and records of any Revolving Credit Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

  
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(bc) Entries made in good faith by the Administrative Agent in the
Register pursuant to Sections 2.11(a) and (b), and by each Lender in its account or accounts pursuant to
Sections 2.11(a) and (b), shall be prima facie evidence of the amount of
principal and interest due and payable or to become due and payable from the Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement and the other Loan Documents, absent
manifest error; provided that the failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations
of the Borrower under this Agreement and the other Loan Documents. 
 SECTION 2.12 Payments Generally; Agent’s
Clawback. 
 (a) All payments to be made by the Borrower shall be made free and clear of and without condition or deduction
for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein and except with
respect to an Approved Foreign Currency, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed,
at the applicable Administrative Agent’s Office for Dollar-denominated payments and in Same Day Funds not later than 1:00 p.m. New York City time on the date specified herein. Except as otherwise expressly provided herein, all payments by the Borrower hereunder in an Approved Foreign Currency shall
be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Approved Foreign Currency and in Same Day Funds not later than 2:00 p.m.
(London time) (or, if earlier, 9:00 a.m. New York city time) on the dates specified herein. If, for any reason, the Borrower is prohibited by any Law from making any required payment hereunder in an Approved Foreign Currency, the Borrower shall make
such payment in Dollars in an amount equal to the Dollar Equivalent of such Approved Foreign Currency payment amount. The Administrative Agent will promptly distribute to each Appropriate Lender
its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s applicable Lending Office. All payments received by the Administrative Agent after the time specified
above shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. 

(b) Except as otherwise provided herein, if any payment to be made by the Borrower shall come due on a day other than a
Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; provided that if such extension would cause payment of interest on or
principal of Eurocurrency Rate Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately preceding Business Day. 

(c) Unless the Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be
made by it to the Administrative Agent hereunder, that the Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such Lender, as the case may be, has timely made such
payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in Same Day Funds,
then: 
 (i) if the Borrower failed to make such payment, each Lender shall forthwith on demand repay to the
Administrative Agent the portion of such assumed payment that was made available to such Lender in Same Day Funds, together with interest thereon in respect of each day from and including the date such amount was made available by the Administrative
Agent to such Lender to the date such amount is repaid to the Administrative Agent in Same Day Funds at the applicable Overnight Rate, plus any reasonable administrative, processing or similar fees customarily charged by the Administrative Agent in
connection with the foregoing; and 

  
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 (ii) if any Lender failed to make such payment, (including, in the case
of any Revolving Credit Lender, without limitation, failure to fund participations in respect of any Letter of Credit or Swing Line Loan), such Lender shall forthwith on demand pay to the
Administrative Agent the amount thereof in Same Day Funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to the Borrower to the date such amount is recovered by the
Administrative Agent (the “Compensation Period”) at a rate per annum equal to the applicable Overnight Rate, plus any reasonable administrative, processing or similar fees customarily charged by the Administrative Agent in
connection with the foregoing. When such Lender makes payment to the Administrative Agent (together with all accrued interest thereon), then such payment amount (excluding the amount of any interest which may have accrued and been paid in respect of
such late payment) shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such amount
(including, in the case of any Revolving Credit Lender, without limitation, failure to fund participations in
respect of any Letter of Credit or Swing Line Loan) forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the Borrower, and the
Borrower shall pay such amount to the Administrative Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to
relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent or the Borrower may have against any Lender as a result of any default by such Lender hereunder. 

Notwithstanding the foregoing or anything to the contrary herein, with respect to any payment that the Administrative Agent makes for the
account of the Lenders or any L/C Issuer hereunder as to which the
Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1) the Borrower has not in fact made
such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by the Borrower (whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such payment; then each
of the Lenders or the applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such
Lender or such L/C Issuer, in immediately available funds
with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation. 
 A notice of the Administrative Agent to any Lender or
the Borrower with respect to any amount owing under this Section 2.12(c) shall be conclusive, absent manifest error. 

(d) If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the
foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV or in the applicable Incremental Amendment,
Extension Amendment or Refinancing Amendment are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(e) The obligations of the Lenders hereunder to make Loans and to fund participations in Letters of Credit and Swing Line Loans are
several and not joint. The failure of any Lender to make any Loan or to fund any such participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Loan or purchase its participation. 

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

(g) Whenever any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is
insufficient to pay in full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents on any date, such payment shall be distributed by the Administrative Agent and
applied by the Administrative Agent and the Lenders in the order of priority set forth in Section 8.04. If the Administrative Agent receives funds for application to the Obligations of the Borrower or the Loan Parties under or in respect of the
Loan Documents under circumstances for which the Loan Documents do not specify the manner in which such funds are to be applied, the Administrative Agent may (to the fullest extent permitted by mandatory provisions of applicable Law), but shall not
be obligated to, elect to distribute such funds to each of the Lenders in accordance with such Lender’s Pro Rata Share of the
sum of (a) the Outstanding Amount of all Loans outstanding at such time and (b) the Outstanding Amount of all L/C Obligations outstanding at such time, in repayment or prepayment of such of the outstanding Loans or other Obligations then owing to such Lender. 

SECTION 2.13 Sharing of Payments. 

If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of the Loans made by it, or, in the case of any Revolving Credit Lender, the participations in L/C Obligations and Swing Line Loans held by
it, any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such
Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Loans made by them
and/or such subparticipations in the participations in L/C Obligations or Swing Line Loans held by them, as the
case may be, as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them;
provided that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing
Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share
(according to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in
respect of the total amount so recovered, without further interest thereon. For avoidance of doubt, the provisions of this paragraph shall not be construed to apply to (A) any payment made by a Borrower pursuant to and in accordance with the
express terms of this Agreement as in effect from time to time (including the application of funds arising from the existence of a Defaulting Lender) or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Loans to any assignee or participant permitted hereunder. The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by applicable Law, exercise all its
rights of payment (including the right of setoff, but subject to Section 10.09) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. The Administrative Agent
will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section 2.13 and will in each case notify the Lenders following any such purchases or repayments. Each Lender that
purchases a participation pursuant to this Section 2.13 shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the
Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 

  
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 SECTION 2.14 Incremental Credit Extensions. 

(a) Incremental Commitments. The Company may at any time or from time to time after the Closing Date, by notice to the
Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class of Term Loans (a “Term Loan
Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) the establishment of one or more new revolving credit commitments (the
“Incremental Revolving Credit Commitments” and, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the
Lenders. 
 (b) Incremental Loans. Any Incremental Commitments effected through the establishment of one or more new
revolving credit commitments or new Term Loans made on an Incremental Facility Closing Date shall be designated a separate Class of Incremental Commitments for all purposes of this Agreement. On any Incremental Facility Closing Date on which any
Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a
Loan to the Company (or any Loan Party organized under the laws of the United States, any state thereof, the District of Columbia or any territory thereof, that may be designated as a borrower in respect thereof) (an “Incremental Term
Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the
Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Credit Commitments of any Class are effected through the establishment of one or more new revolving credit
commitments, subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Company (or any Loan Party organized under the
laws of the United States, any state thereof, the District of Columbia or any territory thereof, that may be designated as a borrower in respect thereof) (when borrowed, an “Incremental Revolving Credit Loan” and collectively with
any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Credit Commitment of such Class and (ii) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder
with respect to the Incremental Revolving Credit Commitment of such Class and the Incremental Revolving Credit Loans of such Class made pursuant thereto. Notwithstanding the foregoing, Incremental Term Loans may have identical terms to any of the
Term Loans and be treated as the same Class as any of such Term Loans. 
 (c) Incremental Loan Request. Each
Incremental Loan Request from the Company pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Incremental Revolving Credit Commitments. Incremental Term Loans may be
made, and Incremental Revolving Credit Commitments may be provided, by any existing Lender (but each existing Lender will not have an obligation to make any Incremental Commitment, nor will the Company have any obligation to approach any existing
lenders to provide any Incremental Commitment) or by any other bank or other financial institution (any such other bank or other financial institution being called an “Additional Lender”) (each such existing Lender or Additional
Lender providing such, an “Incremental Revolving Credit Lender” or “Incremental Term Lender,” as applicable, and, collectively, the “Incremental Lenders”); provided that the Administrative
Agent, each swing line lender, if any, and each letter of credit issuer, if any, shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional Lender’s making such Incremental Term Loans or providing such
Incremental Revolving Credit Commitment to the extent such consent, if any, would be required under Section 10.07(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender or Additional Lender. 

  
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 (d) Effectiveness of Incremental Amendment. The effectiveness of any
Incremental Amendment, and the Incremental Commitments thereunder, shall be subject to the satisfaction on the date thereof (the “Incremental Facility Closing Date”) of each of the following conditions: 

(i) (x) if the proceeds of such Incremental Commitments are being used to finance a Permitted Acquisition
or other similar Investment not prohibited by this Agreement, no Event of Default under Sections 8.01(a) or (f) shall have occurred and be continuing or would exist after giving effect to such Incremental Commitments, or (y) if otherwise,
no Event of Default shall have occurred and be continuing or would exist after giving effect to such Incremental Commitments; 

(ii) after giving effect to such Incremental Commitments, the conditions of Sections 4.02(ia) and
(iib
) shall be satisfied (it being understood that all references to “the date of such Credit Extension” or similar language in such Section 4.02 shall be deemed to refer to the effective date of
such Incremental Amendment); provided that if the proceeds of such Incremental Commitments are being used to finance a Permitted Acquisition or other similar Investment not prohibited by this Agreement, (x) the reference in 4.02(ia) to the accuracy of the representations and warranties shall refer to the accuracy of the representations and warranties that would constitute Specified Representations and (y) the reference to
“Material Adverse Effect” in the Specified Representations shall be understood for this purpose to refer to “Material Adverse Effect” or similar definition as defined in the main transaction agreement governing such Permitted
Acquisition or Investment; 
 (iii) [Reserved]; 

(iv) each Incremental Commitment shall be in an aggregate principal amount that is not less than $5,000,000 and
shall be in an increment of $1,000,000 (provided that such amount may be less than $5,000,000 if such amount represents all remaining availability under the limit set forth in the next sentence); 

(v) the aggregate amount of the Incremental Term Loans and the Incremental Revolving Credit Commitments shall
not exceed the sum of (A) the greater or (x) $625,000,000 and (y) 100% of LTM Consolidated EBITDA less the aggregate principal amount of Indebtedness incurred pursuant to Section 7.03(q) and Incremental Revolving Credit
Commitments (as defined in the Existing RCF Credit Agreement) incurred on or after the Closing Date pursuant to Section 2.14(d)(v)(A) of the Existing RCF Credit Agreement at or prior to such time plus (B) all voluntary prepayments of Term
Loans and voluntary commitment reductions of (x) Revolving Credit Commitments and (y) Revolving Credit Commitments (as defined in the Existing RCF Credit Agreement), in each case, after the Closing Date but prior to or simultaneous with
the Incremental Facility Closing Date (excluding voluntary prepayments of Incremental Term Loans and voluntary commitment reductions (i) of Incremental Revolving Credit Commitments, to the extent such Incremental Term Loans and Incremental
Revolving Credit Commitments were obtained pursuant to clause (C) below or (ii) with the proceeds of Indebtedness), plus (C) additional amounts so long as the Consolidated First Lien Net Leverage Ratio, determined on a Pro Forma Basis
as of the last day of the most recently ended period of four consecutive fiscal quarters for which financial statements are internally available, as if any Incremental Term Loans or Incremental Revolving Credit Commitments, as applicable, available
under such Incremental Commitments had been outstanding on the last day of such period, and, in each case (x) with respect to any Incremental Revolving Credit Commitment, assuming a borrowing of the maximum amount of Loans available thereunder,
and (y) without netting the cash proceeds of any such Incremental Loans but with giving effect to the application of such Incremental Loans, does not exceed the Applicable Consolidated First Lien Net Leverage Ratio Level (or if such Incremental
Commitments or Incremental Loans are incurred in connection with a Permitted Acquisition or other similar Investment not prohibited by this Agreement, no greater than the greater of (1) the Applicable Consolidated First Lien Net Leverage Ratio
Level and (2) the Consolidated First Lien Net Leverage Ratio immediately prior to the consummation of such Permitted Acquisition or Investment) (the amounts under the foregoing clauses (A) and (B), the “Fixed Incremental
Amount” and, the amounts under the foregoing clause (C), the “Ratio Incremental Amount”); and 

  
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 (vi) such other conditions as the Company, each Incremental
Lender providing such Incremental Commitments and the Administrative Agent shall agree. 
 (e) Required Terms. The
terms, provisions and documentation of the Incremental Term Loans and Incremental Term Commitments or the Incremental Revolving Credit Loans and Incremental Revolving Credit Commitments, as the case may be, of any Class shall be as agreed between
the Company and the applicable Incremental Lenders providing such Incremental Commitments, and except as otherwise set forth herein, to the extent not identical to the Term Loans or Revolving Credit Commitments, as applicable, each existing on the
Incremental Facility Closing Date, shall be reasonably satisfactory to Administrative Agent (it being understood that to the extent any financial maintenance covenant is added for the benefit of any Incremental Term Loans and Incremental Term
Commitments or the Incremental Revolving Credit Loans and Incremental Revolving Credit Commitments, no consent shall be required from the Administrative Agent or any of the Lenders to the extent that such financial maintenance covenant is also added
for the benefit of any corresponding existing Facility). In any event: 
 (i) the Incremental Term Loans: 

(A) shall rank pari passu in right of payment and of security with the Term Loans, 

(B) shall not mature earlier than the Latest Maturity Date of any Term Loans outstanding at the time of
incurrence of such Incremental Term Loans; provided that Incremental Term Loans (x) constituting customary bridge facilities, so long as the long-term Indebtedness into which such customary bridge facilities are to be converted or
exchanged satisfies the requirements of this clause (B) and such conversion or exchange is subject only to conditions customary for similar conversions or exchanges or (y) constituting term loan A facilities (as determined by the Borrower
in good faith), in each case, shall only be required to not mature earlier than the Maturity Date of the then applicable Revolving Credit Commitments, if any, 

(C) shall have a Weighted Average Life to Maturity not shorter than the remaining Weighted Average Life to
Maturity of the Term Loans; provided that Incremental Term Loans (x) constituting customary bridge facilities, so long as the long-term Indebtedness into which such customary bridge facilities are to be converted or exchanged satisfies
the requirements of this clause (C) and such conversion or exchange is subject only to conditions customary for similar conversions or exchanges or (y) constituting term loan A facilities (as determined by the Borrower in good faith), in
each case, shall only require that the remaining Weighted Average Life to Maturity not be shorter than the remaining Weighted Average Life to Maturity of the then applicable Revolving Credit Commitments, if any, 

  
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 (D) shall have an Applicable Rate, and subject to clauses
(e)(i)(B) and (e)(i)(C) above and clause (e)(iii) below, amortization determined by the Company and the applicable Incremental Term Lenders, and 

(E) the Incremental Term Loans may participate on (1) a pro rata basis or non-pro rata basis in any
voluntary prepayments of Term Loans hereunder and (2) a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any mandatory prepayments of Term Loans hereunder, in each case, as specified in the applicable
Incremental Amendment; 
 (ii) the Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans: 

(A) shall rank pari passu in right of payment and of security with the Revolving Credit Loans and the
Term Loans, 
 (B) shall not have any amortization; 

(C) shall provide for the ability to permanently repay Revolving Credit Loans with respect to, and terminate,
Incremental Revolving Credit Commitments after, the associated Incremental Facility Closing Date on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) with all other Revolving Credit Commitments on the
Incremental Facility Closing Date, except that the Company shall be permitted to permanently repay and terminate commitments of any such Class on a better than a pro rata basis as compared to any other Class with a later maturity date than such
Class; and 
 (D) shall not mature earlier than the Latest Maturity Date of any Revolving Credit Commitments
outstanding at the time of incurrence of such Incremental Revolving Credit Commitments; 
 (iii) the
amortization schedule applicable to any Incremental Term Loans and the All-In Yield applicable to the Incremental Term Loans of each Class shall be determined by the Company and the applicable new Lenders and shall be set forth in each applicable
Incremental Amendment; provided, however, that with respect to any Dollar denominated Incremental Term Loans incurred under the Ratio Incremental Amount and secured by Liens on the Collateral on a pari passu basis with the Obligations
that is made on or prior to the date that is 6 months after the Closing Date (other than any Incremental Term Loans (i) that are incurred in connection with a Permitted Acquisition or other similar Investment not prohibited by this Agreement,
(ii) that have a maturity date on or following the first anniversary of the Maturity Date of the Initial Term Loans or (iii) constituting customary bridge facilities or term loan A facilities (as determined by the Borrower in good faith)),
if the All-In Yield applicable to such Incremental Term Loans shall be greater than the applicable All-In Yield payable pursuant to the terms of this Agreement as amended through the date of such calculation with respect to Initial Term Loans by
more than 75 basis points per annum (the amount of such excess of the All-In Yield applicable to such Incremental Term Loans over the sum of the All-In Yield applicable to the applicable Initial Terms Loans plus 75 basis points per annum, the
“Yield Differential”) then the interest rate (together with, as provided in the proviso below, the Eurocurrency or Base Rate floor) with respect to the Initial Term Loans shall be increased by the applicable Yield Differential;
provided, further that, if any Incremental Term Loans include a Eurocurrency or Base Rate floor that is greater than the Eurocurrency or Base Rate floor applicable to the Initial Term Loans, such differential between interest rate floors
shall be included in the calculation of All-In Yield for purposes of this clause (iii) but only to the extent an increase in the Eurocurrency or Base Rate Floor applicable to the existing Initial Term Loans would cause an increase in the
interest rate then in effect thereunder, and in such case the Eurocurrency and Base Rate floors (but not the Applicable Rate) applicable to the Initial Term Loans shall be increased to the extent of such differential between interest rate floors;

  
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 (iv) assignments and participations of Incremental
Commitments and Incremental Loans shall be governed by the same assignment and participation provisions applicable to Revolving Credit Commitments, Revolving Credit Loans and Term Loans, as applicable, on the Incremental Facility Closing Date; and

 (v) any Incremental Revolving Credit Commitments or Incremental Term Loans may constitute a separate Class
or Classes, as the case may be, of Commitments from the Classes constituting the applicable Revolving Credit Commitments or Term Loans, as applicable, prior to the Incremental Facility Closing Date. 

(f) Incremental Amendment. Commitments in respect of Incremental Term Loans and Incremental Revolving Credit Commitment
shall become Commitments (or in the case of an Incremental Revolving Credit Commitment to be provided by an existing Revolving Credit Lender, an increase in such Lender’s applicable Revolving Credit Commitment), under this Agreement pursuant to
an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Company, any Loan Party organized under the laws of the United States, any state thereof, the District of
Columbia or any territory thereof, that may be designated as a borrower in respect thereof (if any), each Incremental Lender providing such Commitments and the Administrative Agent. The Incremental Amendment may, without the consent of any other
Loan Party, Agent or Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Company, to effect the provisions of this
Section 2.14. The Company (or any Loan Party organized under the laws of the United States, any state thereof, the District of Columbia or any territory thereof, that may be designated as a borrower in respect thereof) will use the proceeds of
the Incremental Term Loans and Incremental Revolving Credit Commitments for any purpose not prohibited by this Agreement. No Lender shall be obligated to provide any Incremental Term Loans or Incremental Revolving Credit Commitments, unless it so
agrees. 

(g)
 Reallocation of Revolving Credit Exposure. Upon any Incremental Facility Closing Date on which Incremental Revolving Credit Commitments are effected through an increase in the Revolving Credit Commitments pursuant to this Section 2.14,
(a) if the increase relates to the Revolving Credit Facility, each of the Revolving Credit Lenders shall assign to each of the Incremental Revolving Credit Lenders, and each of the Incremental Revolving Credit Lenders shall purchase from each
of the Revolving Credit Lenders, at the principal amount thereof, such interests in the Incremental Revolving Credit Loans outstanding on such Incremental Facility Closing Date as shall be necessary in order that, after giving effect to all such
assignments and purchases, such Revolving Credit Loans will be held by existing Revolving Credit Lenders and Incremental Revolving Credit Lenders ratably in accordance with their Revolving Credit Commitments after giving effect to the addition of
such Incremental Revolving Credit Commitments to the Revolving Credit Commitments, (b) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment and each Revolving Credit Loan made thereunder
shall be deemed, for all purposes, a Revolving Credit Loan and (c) each Incremental Revolving Credit Lender shall become a Lender with respect to the Incremental Revolving Credit Commitments and all matters relating thereto. The Administrative Agent and the Lenders hereby agree that the minimum borrowing and prepayment
requirements in Sections 2.02 and 2.05(a) of this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

  
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(gh) This Section 2.14 shall supersede any provisions in
Section 2.13 or 10.01 to the contrary. 
 SECTION 2.15 Refinancing Amendments. 

(a) On one or more occasions after the Closing Date, the Company may obtain, from any Lender or any other bank, financial
institution or other institutional lender or investor that agrees to provide any portion of Refinancing Term Loans or Other Revolving Credit Commitments constituting Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in
accordance with this Section 2.15 (each, an “Additional Refinancing Lender”) (provided that the Administrative Agent
(and in the case of any Other Revolving Credit Commitments constituting Credit Agreement Refinancing Indebtedness, each
Swing Line Lender and each L/C Issuer) shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional Refinancing Lender’s making such Refinancing Term
Loans or providing such Other Revolving Credit Commitments to the extent such consent, if any, would be required under Section 10.07(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender or Additional
Refinancing Lender; provided that notwithstanding anything to the contrary in this Section 2.15 or otherwise, (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on Other Revolving
Credit Commitments (and related outstandings), (B) repayments required upon the maturity date of the Other Revolving Credit Commitments and (C) repayment made in connection with a permanent repayment and termination of commitments (subject
to clause (3) below)) of Loans with respect to Other Revolving Credit Commitments after the date of obtaining any Other Revolving Credit Commitments shall be made on a pro rata basis with all other Revolving Credit Commitments, (2) subject to the provisions of Section 2.03(n) and 2.04(g) to the extent dealing with Swing Line Loans and Letters of
Credit which mature or expire after a maturity date when there exist Other Revolving Credit Commitments with a longer maturity date, all Swing Line Loans and Letters of Credit shall be participated on a pro rata basis by all Lenders with Commitments
in accordance with their percentage of the Revolving Credit Commitments (and except as provided in Section 2.03(n) and Section 2.04(g), without giving effect to changes thereto on an earlier maturity date with respect to Swing Line Loans
and Letters of Credit theretofore incurred or issued), (3) the permanent repayment of Revolving Credit Loans with respect to, and termination of, Other Revolving Credit Commitments after the
date of obtaining any Other Revolving Credit Commitments shall be made on a pro rata basis with all other Revolving Credit Commitments, except that the Company shall be permitted to permanently repay and terminate commitments of any such Class on a
better than a pro rata basis as compared to any other Class with a later maturity date than such Class and (34) assignments and participations of Other Revolving Credit
Commitments and Other Revolving Credit Loans shall be governed by the same assignment and participation provisions applicable to Revolving Credit Commitments and Revolving Credit Loans. 

(b) The effectiveness of any Refinancing Amendment shall be subject to the satisfaction on the date thereof of each of the
conditions set forth in Section 4.02 and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of (i) customary legal opinions, board resolutions and officers’ certificates consistent
with those delivered on the Closing Date other than changes to such legal opinion resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent and
(ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that such Credit Agreement Refinancing Indebtedness is provided with the benefit of
the applicable Loan Documents. 

  
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 (c) Each issuance of Credit Agreement Refinancing Indebtedness under
Section 2.15(a) shall be in an aggregate principal amount that is (x) not less than $10,000,000 and (y) an integral multiple of $1,000,000 in excess thereof. 

(d) Each of the parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to a
Refinancing Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto and
(ii) make such other changes to this Agreement and the other Loan Documents consistent with the provisions and intent of the third paragraph of Section 10.01 (without the consent of the Required Lenders called for therein) and
(iii) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Company, to effect the provisions of this Section 2.15, and
the Required Lenders hereby expressly authorize the Administrative Agent to enter into any such Refinancing Amendment. 

SECTION 2.16 Extension of Term Loans; Extension of Revolving Credit Loans. 

(a) Extension of Term Loans. The Company may at any time and from time to time request that all or a portion of the Term
Loans of a given Class (each, an “Existing Term Loan Tranche”) be amended to extend the scheduled maturity date(s) with respect to all or a portion of any principal amount of such Term Loans (any such Term Loans which have been so
amended, “Extended Term Loans”) and to provide for other terms consistent with this Section 2.16. In order to establish any Extended Term Loans, the Company shall provide a notice to the Administrative Agent (who shall provide
a copy of such notice to each of the Lenders under the applicable Existing Term Loan Tranche) (each, a “Term Loan Extension Request”) setting forth the proposed terms of the Extended Term Loans to be established, which shall
(x) be identical as offered to each Lender under such Existing Term Loan Tranche (including as to the proposed interest rates and fees payable) and offered pro rata to each Lender under such Existing Term Loan Tranche and (y) be identical
to the Term Loans under the Existing Term Loan Tranche from which such Extended Term Loans are to be amended, except that: (i) all or any of the scheduled amortization payments of principal of the Extended Term Loans may be delayed to later
dates than the scheduled amortization payments of principal of the Term Loans of such Existing Term Loan Tranche, to the extent provided in the applicable Extension Amendment; (ii) the Effective Yield with respect to the Extended Term Loans
(whether in the form of interest rate margin, upfront fees, original issue discount or otherwise) may be different than the Effective Yield for the Term Loans of such Existing Term Loan Tranche, in each case, to the extent provided in the applicable
Extension Amendment; (iii) the Extension Amendment may provide for other covenants and terms that apply solely to any period after the Latest Maturity Date that is in effect on the effective date of the Extension Amendment (immediately prior to
the establishment of such Extended Term Loans); and (iv) Extended Term Loans may have call protection as may be agreed by the Company and the Lenders thereof; provided that no Extended Term Loans may be optionally prepaid prior to the
date on which the Term Loans under the Existing Term Loan Tranche from which such Extended Term Loans were amended are repaid in full, unless such optional prepayment is accompanied by at least a pro rata optional prepayment of such Existing Term
Loan Tranche; provided, however, that (A) no Default shall have occurred and be continuing at the time a Term Loan Extension Request is delivered to Lenders, (B) in no event shall the final maturity date of any Extended Term
Loans of a given Term Loan Extension Series at the time of establishment thereof be earlier than the then Latest Maturity Date of any then existing Term Loans hereunder, (C) the Weighted Average Life to Maturity of any Extended Term Loans of a
given Term Loan Extension Series at the time of establishment thereof shall be no shorter (other than by virtue of amortization or prepayment of such Indebtedness prior to the time of incurrence of such Extended Term Loans) than the remaining
Weighted Average Life to Maturity of any Existing Term Loan Tranche, (D) any such Extended Term Loans (and the Liens securing the same) shall be permitted by the terms of the Intercreditor Agreements (to the extent any Intercreditor Agreement
is then in effect), (E) all documentation in respect of such Extension Amendment shall be consistent with the foregoing and (F) any Extended Term Loans may participate on a pro rata basis or less than a pro rata basis (but not greater than
a pro rata basis) in any mandatory repayments or prepayments hereunder, in each case as specified in the respective Term Loan Extension Request. Any Extended Term Loans amended pursuant to any Term Loan Extension Request shall be designated a series
(each, a “Term Loan Extension Series”) of Extended Term Loans for all purposes of this Agreement; provided that any Extended Term Loans amended from an Existing Term Loan Tranche may, to the extent provided in the applicable
Extension Amendment, be designated as an increase in any previously established Term Loan Extension Series with respect to such Existing Term Loan Tranche. Each Term Loan Extension Series of Extended Term Loans incurred under this Section 2.16
shall be in an aggregate principal amount that is not less than $10,000,000. 

  
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 (b) Extension of Revolving Credit Commitments. The Company may at any
time and from time to time request that all or a portion of the Revolving Credit Commitments of a given Class (each, an “Existing Revolver Tranche”) be amended to extend the Maturity Date with respect to all or a portion of any
principal amount of such Revolving Credit Commitments (any such Revolving Credit Commitments which have been so amended, “Extended Revolving Credit Commitments”) and to provide for other terms consistent with this Section 2.16.
In order to establish any Extended Revolving Credit Commitments, the Company shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders under the applicable Existing Revolver Tranche) (each, a
“Revolver Extension Request”) setting forth the proposed terms of the Extended Revolving Credit Commitments to be established, which shall (x) be identical as offered to each Lender under such Existing Revolver Tranche
(including as to the proposed interest rates and fees payable) and offered pro rata to each Lender under such Existing Revolver Tranche and (y) be identical to the Revolving Credit Commitments under the Existing Revolver Tranche from which such
Extended Revolving Credit Commitments are to be amended, except that: (i) the Maturity Date of the Extended Revolving Credit Commitments may be delayed to a later date than the Maturity Date of the Revolving Credit Commitments of such Existing
Revolver Tranche, to the extent provided in the applicable Extension Amendment; (ii) the Effective Yield with respect to extensions of credit under the Extended Revolving Credit Commitments (whether in the form of interest rate margin, upfront
fees, commitment fees, original issue discount or otherwise) may be different than the Effective Yield for extensions of credit under the Revolving Credit Commitments of such Existing Revolver Tranche, in each case, to the extent provided in the
applicable Extension Amendment; (iii) the Extension Amendment may provide for other covenants and terms that apply solely to any period after the Latest Maturity Date that is in effect on the effective date of the Extension Amendment
(immediately prior to the establishment of such Extended Revolving Credit Commitments); and (iv) all borrowings under the applicable Revolving Credit Commitments (i.e., the Existing Revolver Tranche and the Extended Revolving Credit
Commitments of the applicable Revolver Extension Series) and repayments thereunder shall be made on a pro rata basis (except for (I) payments of interest and fees at different rates on Extended Revolving Credit Commitments (and related
outstandings) and (II) repayments required upon the Maturity Date of the non-extending Revolving Credit Commitments); provided, further, that (A) no Default shall have occurred and be continuing at the time a Revolver Extension
Request is delivered to Lenders, (B) in no event shall the final maturity date of any Extended Revolving Credit Commitments of a given Revolver Extension Series at the time of establishment thereof be earlier than the then Latest Maturity Date
of any other Revolving Credit Commitments hereunder, (C) any such Extended Revolving Credit Commitments (and the Liens securing the same) shall be permitted by the terms of the Intercreditor Agreements (to the extent any Intercreditor Agreement
is then in effect) and (D) all documentation in respect of such Extension Amendment shall be consistent with the foregoing. Any Extended Revolving Credit Commitments amended pursuant to any Revolver Extension Request shall be designated a
series (each, a “Revolver Extension Series”) of Extended Revolving Credit Commitments for all purposes of this Agreement; provided that any Extended Revolving Credit Commitments amended from an Existing Revolver Tranche may,
to the extent provided in the applicable Extension Amendment, be designated as an increase in any previously established Revolver Extension Series with respect to such Existing Revolver Tranche. Each Revolver Extension Series of Extended Revolving
Credit Commitments incurred under this Section 2.16 shall be in an aggregate principal amount that is not less than $5,000,000. 

  
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 (c) Extension Request. The Company shall provide the applicable
Extension Request at least five (5) Business Days prior to the date on which Lenders under the Existing Term Loan Tranche or Existing Revolver Tranche, as applicable, are requested to respond, and shall agree to such procedures, if any, as may
be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.16. No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan
Tranche amended into Extended Term Loans or any of its Revolving Credit Commitments amended into Extended Revolving Credit Commitments, as applicable, pursuant to any Extension Request. Any Lender holding a Loan under an Existing Term Loan Tranche
(each, an “Extending Term Lender”) wishing to have all or a portion of its Term Loans under the Existing Term Loan Tranche subject to such Extension Request amended into Extended Term Loans and any Revolving Credit Lender (each, an
“Extending Revolving Credit Lender”) wishing to have all or a portion of its Revolving Credit Commitments under the Existing Revolver Tranche subject to such Extension Request amended into Extended Revolving Credit Commitments, as
applicable, shall notify the Administrative Agent (each, an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Term Loans under the Existing Term Loan Tranche or Revolving Credit
Commitments under the Existing Revolver Tranche, as applicable, which it has elected to request be amended into Extended Term Loans or Extended Revolving Credit Commitments, as applicable (subject to any minimum denomination requirements imposed by
the Administrative Agent). In the event that the aggregate principal amount of Term Loans under the Existing Term Loan Tranche or Revolving Credit Commitments under the Existing Revolver Tranche, as applicable, in respect of which applicable Term
Lenders or Revolving Credit Lenders, as the case may be, shall have accepted the relevant Extension Request exceeds the amount of Extended Term Loans or Extended Revolving Credit Commitments, as applicable, requested to be extended pursuant to the
Extension Request, Term Loans or Revolving Credit Commitments, as applicable, subject to Extension Elections shall be amended to Extended Term Loans or Revolving Credit Commitments, as applicable, on a pro rata basis (subject to rounding by the
Administrative Agent, which shall be conclusive) based on the aggregate principal amount of Term Loans or Revolving Credit Commitments, as applicable, included in each such Extension Election. 

(d) Extension Amendment. Extended Term Loans and Extended Revolving Credit Commitments shall be established pursuant to
an amendment (each, an “Extension Amendment”) to this Agreement among the Company, the Administrative Agent and each Extending Term Lender or Extending Revolving Credit Lender, as applicable, providing an Extended Term Loan or
Extended Revolving Credit Commitment, as applicable, thereunder, which shall be consistent with the provisions set forth in Sections 2.16(a) or (b) above, respectively (but which shall not require the consent of any other Lender). The
effectiveness of any Extension Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 4.02 and, to the extent reasonably requested by the Administrative Agent, receipt by the
Administrative Agent of (i) legal opinions, board resolutions and officers’ certificates consistent with those delivered on the Closing Date other than changes to such legal opinion resulting from a change in law, change in fact or change
to counsel’s form of opinion reasonably satisfactory to the Administrative Agent and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to
ensure that the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, are provided with the benefit of the applicable Loan Documents. The Company may, at its election, specify as a condition to consummating any Extension
Amendment that a minimum amount (to be determined and specified in the relevant Extension Request in the Company’s sole discretion and as may be waived by the Company) of Term Loans, Revolving Credit Commitments or Incremental Revolving Credit
Commitments (as applicable) of any or all applicable Classes be tendered. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Extension Amendment. Each of the parties hereto hereby agrees that this Agreement
and the other Loan Documents may be amended pursuant to an Extension Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Extended Term Loans or
Extended Revolving Credit Commitments, as applicable, incurred pursuant thereto, (ii) modify the scheduled repayments set forth in Section 2.07 with respect to any Existing Term Loan Tranche subject to an Extension Election to reflect a
reduction in the principal amount of the Term Loans thereunder in an amount equal to the aggregate principal amount of the Extended Term Loans amended pursuant to the applicable Extension (with such amount to be applied ratably to reduce scheduled
repayments of such Term Loans required pursuant to Section 2.07), (iii) modify the prepayments set forth in Section 2.05 to reflect the existence of the Extended Term Loans and the application of prepayments with respect thereto,
(iv) make such other changes to this Agreement and the other Loan Documents consistent with the provisions and intent of the second paragraph of Section 10.01 (without the consent of the Required Lenders called for therein) and
(v) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Company, to effect the provisions of this Section 2.16, and
the Required Lenders hereby expressly authorize the Administrative Agent to enter into any such Extension Amendment. 

  
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 (e) No conversion of Loans pursuant to any Extension in accordance with this
Section 2.16 shall constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement. 
 (f) This
Section 2.16 shall supersede any provisions in Section 2.13 or 10.01 to the contrary. 
 SECTION 2.17 Defaulting
Lenders. 
 (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender
becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i) Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove any amendment,
waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.01. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise), shall be applied at such time or times as may be determined by the Administrative Agent as follows:
first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, asonly to the extent any Term Lender in respect of the Term Loans outstanding as of the Amendment No. 1 Effective Date is
not a Defaulting Lender, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to L/C Issuers or Swing Line Lender hereunder; third, only to the extent any Term Lender in respect of the Term Loans outstanding as of
the Amendment No. 1 Effective Date is not a Defaulting Lender, if so determined by the Administrative Agent or requested by any L/C Issuer or Swing Line Lender, to be held as Cash Collateral for future funding obligations of that Defaulting
Lender of any participation in any Swing Line Loan or Letter of Credit; fourth, only to the extent any Term Lender in respect of the Term Loans outstanding as of the Amendment No. 1 Effective Date is not a Defaulting Lender,
as the Company may request (so long as no Default or Event of Default has occurred and is continuing), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its
portion thereof as required by this Agreement, as determined by the Administrative Agent;
thirdfifth, if so determined by the Administrative Agent and the Company, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this
Agreement;
fourthsixth, to the payment of any amounts owing to the Lenders, and only to the extent
any Term Lender in respect of the Term Loans outstanding as of the Amendment No. 1 Effective Date is
not a Defaulting Lender, the L/C Issuers or the Swing Line Lender, as a result of any judgment of a court of competent jurisdiction obtained by anysuch Lender, such L/C
Issuer or the Swing Line Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifthseventh, so long as no Default or Event of Default has occurred and is continuing, to the payment of any amounts owing to a Borrower as a result of any judgment of a court of competent jurisdiction obtained by the
Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixtheighth, to that Defaulting Lender or as otherwise directed by a court of
competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans
or, only to the extent any Term Lender in respect of the Term Loans outstanding as of the Amendment No. 1
Effective Date is not a Defaulting Lender, L/C Borrowings, in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or, only to the extent any Term Lender in respect of the Term Loans outstanding as of the Amendment No. 1 Effective Date
is not a Defaulting Lender, L/C Borrowings, were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans
of, and L/C Borrowings owed to, all Non-Defaulting Lenders
on a pro rata basis prior to being applied to the payment of any Loans, or L/C Borrowings owed to, of that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.17(a)(ii)
shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 (iii) Certain Fees. That Defaulting Lender (x) shall not be entitled to receive any commitment fee pursuant to
Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and the Company shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) shall be
limited in its right to receive Letter of Credit fees as provided in Section 2.03(h). 

(iv)
 Reallocation of Pro Rata Share to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund participations
in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the Pro Rata Share of each Non-Defaulting Lender’s Revolving Credit Loans and L/C Obligations shall be computed without giving effect to the Commitment of that
Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default has occurred and is continuing; and (ii) the
aggregate obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Revolving Credit Commitment of that
Non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Loans of that Lender. Subject to Section 10.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting
Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

  
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 (b) Defaulting Lender Cure. If the Company and the Administrative
Agent (and, in the case of any Revolving Credit Lender that is a Defaulting Lender, the Swing Line Lender and the L/C
Issuers) agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto,
whereupon as of the effective date specified in such notice and subject to any conditions set forth therein
(which, in the case of any Revolving Credit Lender, may include arrangements with respect to any Cash Collateral), that Revolving Credit
Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or
take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Credit Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in
accordance with their Pro Rata Share (without giving effect to Section 2.17(a)(iv)), whereupon, that Lender will cease to be a Defaulting Lender; provided that no adjustments will be
made retroactively with respect to fees accrued or payments made by or on behalf of the Company while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected
parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

ARTICLE III 
 Taxes, Increased
Costs Protection and Illegality 
 SECTION 3.01 Taxes. 

(a) Except as provided in this Section 3.01, any and all payments made by or on account of the Company (the term Company under Article III being deemed to include any Subsidiary for whose account a Letter of Credit is
issued) or any Guarantor under any Loan Document shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, assessments or withholdings
(including backup withholding) or similar charges imposed by any Governmental Authority including interest, penalties and additions to tax (collectively “Taxes”), except as required by applicable Law. If the Company, any Guarantor
or other applicable withholding agent shall be required by any Laws to deduct any Taxes from or in respect of any sum payable under any Loan Document to any Agent or any Lender, (A) to the extent the Tax in question is an Indemnified Tax, the
sum payable by the Company or such Guarantor shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 3.01), each of such Agent and such Lender
receives an amount equal to the sum it would have received had no such deductions been made, (B) the applicable withholding agent shall make such deductions, (C) the applicable withholding agent shall pay the full amount deducted to the
relevant Governmental Authority in accordance with applicable Laws, and (D) within thirty (30) days after the date of such payment (or, if receipts or evidence are not available within thirty (30) days, as soon as possible
thereafter), if the Company or any Guarantor is the applicable withholding agent, shall furnish to such Agent or Lender (as the case may be) the original or a copy of a receipt evidencing payment thereof or other evidence reasonably acceptable to
such Agent or Lender. 
 (b) In addition, each Loan Party agrees to pay any and all present or future stamp, court or
documentary taxes and any other excise, property, intangible or mortgage recording taxes, or charges or levies of the same character, imposed by any Governmental Authority, which arise from any payment made under any Loan Document or from the
execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan Document (including additions to tax, penalties and interest related thereto) excluding, in each case, such amounts that result from an Agent or
Lender’s Assignment and Assumption, grant of a participation, transfer or assignment to or designation of a new applicable Lending Office or other office for receiving payments under any Loan Document (collectively, “Assignment
Taxes”) to the extent such Assignment Taxes result from a connection that the Agent or Lender has with the taxing jurisdiction other than the connection arising out of the Loan Documents or the transactions therein, except for such
Assignment Taxes resulting from assignment or participation that is requested or required in writing by the Company (all such non-excluded Taxes described in this Section 3.01(b) being hereinafter referred to as “Other Taxes”).

  
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 (c) Each Loan Party agrees to indemnify each Agent and each Lender for
(i) the full amount of Indemnified Taxes and Other Taxes payable by such Agent or such Lender and (ii) any reasonable expenses arising therefrom or with respect thereto, in each case whether or not such Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability prepared in good faith by such Agent or Lender (or by an Agent on behalf of such Lender), accompanied by a written statement
thereof setting forth in reasonable detail the basis and calculation of such amounts shall be conclusive absent manifest error. 

(d) Each Lender shall, at such times as are reasonably requested by the Company or the Administrative Agent, provide the
Company and the Administrative Agent with any documentation prescribed by Law certifying as to any entitlement of such Lender to an exemption from, or reduction in, withholding Tax with respect to any payments to be made to such Lender under the
Loan Documents. Each such Lender shall, whenever a lapse in time or change in circumstances renders such documentation obsolete or inaccurate in any material respect, deliver promptly to the Company and the Administrative Agent updated or other
appropriate documentation (including any new documentation reasonably requested by the applicable withholding agent) or promptly notify the Company and the Administrative Agent in writing of its inability to do so. Unless the applicable withholding
agent has received forms or other documents satisfactory to it indicating that payments under any Loan Document to or for a Lender are not subject to withholding Tax or are subject to such Tax at a rate reduced by an applicable tax treaty, the
Company, the Administrative Agent or other applicable withholding agent shall withhold amounts required to be withheld by applicable Law from such payments at the applicable statutory rate. Notwithstanding any other provision of this clause (d), a
Lender shall not be required to deliver any form pursuant to this clause (d) that such Lender is not legally able to deliver. Without limiting the foregoing: 

(i) Each Lender that is a United States person (as defined in Section 7701(a)(30) of the Code) shall
deliver to the Company and the Administrative Agent on or before the date on which it becomes a party to this Agreement two properly completed and duly signed original copies of Internal Revenue Service Form W-9 (or any successor form) certifying
that such Lender is exempt from federal backup withholding. 
 (ii) Each Lender that is not a United States
person (as defined in Section 7701(a)(30) of the Code) shall deliver to the Company and the Administrative Agent on or before the date on which it becomes a party to this Agreement whichever of the following is applicable: 

(A) two properly completed and duly signed original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E
(or any successor forms) claiming eligibility for the benefits of an income tax treaty to which the United States is a party, and such other documentation as required under the Code, 

(B) two properly completed and duly signed original copies of Internal Revenue Service Form W-8ECI (or any
successor forms), 
 (C) in the case of a Lender claiming the benefits of the exemption for portfolio
interest under Section 881(c) of the Code, (a) a United States Tax Compliance Certificate and (b) two properly completed and duly signed original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form), or

 (D) to the extent a Lender is not the beneficial owner (for example, where the Lender is a partnership or
a participating Lender), Internal Revenue Service Form W-8IMY (or any successor forms) of the Lender, accompanied by a Form W-8ECI, W-8BEN, W-8BEN-E United States Tax Compliance Certificate, Form W-9, Form W-8IMY and/or any other required
information from each beneficial owner, as applicable (provided that if the Lender is a partnership, and one or more beneficial partners of such Lender are claiming the portfolio interest exemption, the United States Tax Compliance
Certificate may be provided by such Lender on behalf of such partner). 

  
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 (iii) If a payment made to a Lender under any Loan Document
would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable),
such Lender shall deliver to the Company and the Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Company or the Administrative Agent, such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Company or the Administrative Agent as may be necessary for the Company and the Administrative Agent to comply with
their obligations under FATCA, to determine whether such Lender has or has not complied with such Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this
Section 3.01(d)(iii), “FATCA” shall include any amendments made to FATCA after the Closing Date. 
 (e) Any
Lender claiming any additional amounts payable pursuant to this Section 3.01 and Section 3.04(a) shall, if requested by the Company, use its reasonable efforts to change the jurisdiction of its Lending Office (or take any other measures
reasonably requested by the Company) if such a change or other measures would reduce any such additional amounts (including any such additional amounts that may thereafter accrue) and would not, in the sole determination of such Lender, result in
any unreimbursed cost or expense or be otherwise materially disadvantageous to such Lender. 
 (f) If any Lender or Agent
receives a refund in respect of any Indemnified Taxes or Other Taxes as to which indemnification or additional amounts have been paid to it by any Loan Party pursuant to this Section 3.01, it shall promptly remit such refund to such Loan Party
(but only to the extent of indemnification or additional amounts paid by such Loan Party under this Section 3.01 with respect to Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including any
Taxes) of the Lender or Agent, as the case may be, and without interest (other than any interest paid by the relevant taxing authority with respect to such refund); provided that such Loan Party, upon the request of the Lender or Agent, as
the case may be, agrees promptly to return such refund (plus any penalties, interest or other charges imposed by the relevant taxing authority) to such party in the event such party is required to repay such refund to the relevant taxing authority.
This section shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to Taxes that it deems confidential) to the Company or any other person. 

(g)
 For the avoidance of doubt, the term “Lender” for purposes of this Section 3.01 shall include each L/C Issuer and Swing Line Lender. 

  
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 SECTION 3.02 Illegality. 

If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is
unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans or
Alternative Currency Daily Rate Loans (whether denominated in Dollars (in the case of Eurocurrency Rate Loans) or any other Approved Currency), or to determine or charge interest rates based upon
the Eurocurrency Rate or Alternative Currency Daily Rate,
then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurocurrency Rate
Loans or Alternative Currency Daily Rate Loans in the
affected currency or currencies, or, in the case of Eurocurrency Rate Loans denominated in Dollars, to convert Base Rate Loans to Eurocurrency Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that
the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable and such Loans are denominated in
Dollars, convert all applicable Eurocurrency Rate Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or
promptly, if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted and all amounts due, if any, in
connection with such prepayment or conversion under Section 3.05. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender,
otherwise be materially disadvantageous to such Lender. 
 SECTION 3.03 Inability to Determine Rates. 

(a)
 If (i) the Administrative Agent determines in good faith that for any reason adequate and reasonable means do not exist for determining the applicable Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency
Rate Revolving Credit Loan or the applicable Alternative Currency Daily Rate with respect to a proposed Alternative Currency Daily Rate Loan, in either case, in a given Approved Currency or (ii) the Administrative Agent or the Required
Revolving Credit Lenders determine in good faith that the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Revolving Credit Loan or the Alternative Currency Daily Rate with respect to a proposed
Alternative Currency Daily Rate Loan, in either case, in a given Approved Currency does not adequately and fairly reflect the cost to such Lenders of funding such Loan, or that deposits in the applicable Approved Currency in which such proposed
Eurocurrency Rate Revolving Credit Loan is to be denominated are not being offered to banks in the applicable offshore interbank market for the applicable amount and the Interest Period of such Eurocurrency Rate Revolving Credit Loan in the
applicable Approved Currency, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Revolving Credit Lenders to make or maintain Eurocurrency Rate Revolving Credit Loans or Alternative
Currency Daily Rate Loans, as the case may be, in the affected Approved Currency shall be suspended until the Administrative Agent (upon the instruction of the Required Revolving Credit Lenders) revokes such notice. Upon receipt of such notice,
(x) with respect to Eurocurrency Rate Revolving Credit Loans, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Revolving Credit Loans denominated in the affected Approved
Currency or, failing that, will be deemed to have converted such request, if applicable, into a request for a Borrowing of Base Rate Revolving Credit Loan in the amount specified therein and (y) with respect to Alternative Currency Daily Rate
Loans, (i) the Borrower may revoke any pending request for a Borrowing of Alternative Currency Daily Rate Loans to the extent of the affected Approved Currency, failing that, will be deemed to have converted such request into a request for a
Committed Loan Notice of Base Rate Revolving Credit Loans denominated in Dollars in the Dollar Equivalent of the amount specified therein and (ii) any outstanding affected Alternative Currency Daily Rate Loans, at the Borrower’s election,
shall either (1) be converted into Base Rate Revolving Credit Loans denominated in Dollars in the Dollar Equivalent of the amount of such outstanding Alternative Currency Daily Rate Loans immediately or (2) be prepaid in full immediately;
provided that if no election is made by the Borrower, by the date that is three Business Days after receipt by the Borrower of such notice, the Borrower shall be deemed to have elected clause (1) above. 

(b)
 Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or
the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that: 

  
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 (i) adequate and reasonable means do not exist for
ascertaining LIBOR for any requested Interest Period, including, without limitation, because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the
Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans, provided that, at the time of such
statement, there is no successor administrator that is mutually satisfactory to the Administrative Agent and the Borrower, that will continue to provide LIBOR after such specific date (such specific date, the “Scheduled Unavailability
Date”); or (iii) syndicated loans currently being executed, or that include language similar to that contained in this Section 3.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to
replace LIBOR, 
 then, reasonably promptly after such determination by the Administrative Agent or receipt by the
Administrative Agent of such notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement solely for the purpose of replacing LIBOR in accordance with this Section 3.03 with (x) one or more SOFR-Based Rates or
(y) another alternate benchmark rate giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarks and, in each case, including any
mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating
such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (the “Adjustment” and, any such proposed rate, a
“LIBOR Successor Rate”), and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to
such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace LIBOR with a rate described in clause (x), object to the
Adjustment; or (B) in the case of an amendment to replace LIBOR with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to
object to any SOFR-Based Rate contained in any such amendment. Such LIBOR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the
Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled
Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to
the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower may revoke any pending request
for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing
of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. 

  
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Notwithstanding
 anything to the contrary, solely with respect to the Revolving Credit Facility, if the events or circumstances of the type described in Section 3.03(b)(i), (ii) or (iii) have occurred with respect to any applicable Eurocurrency Rate
(other than LIBOR) or any applicable Alternative Currency Daily Simple Rate (collectively, an “Alternative Currency Replacement Rate”) then in effect, then, the Administrative Agent and the Borrower may amend this Agreement solely for the
purpose of replacing such Alternative Currency Relevant Rate for an Approved Currency in accordance with this Section 3.03 with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar
credit facilities syndicated and agented in the U.S. and denominated in such Approved Currency for such alternative benchmarks, and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any
evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Approved Currency for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an
information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, an
“Alternative Currency Successor Rate”), and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Revolving Credit Lenders
and the Borrower unless, prior to such time, Lenders comprising the Required Revolving Credit Lenders have delivered to the Administrative Agent written notice that such Required Revolving Credit Lenders object to such amendment. Any Alternative
Currency Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Alternative Currency Successor Rate shall be
applied in a manner as otherwise reasonably determined by the Administrative Agent. 

Notwithstanding anything else herein, any definition of (i) LIBOR Successor Rate shall provide that in no event shall such
LIBOR Successor Rate be less than
0.50%(x) with
respect to the Initial Term Loans, 0.50% and (y) with respect to the Revolving Credit Loans, 0% and (ii) Alternative Currency Successor Rate shall provide that in no event shall such Alternative Currency Successor Rate be less than 0%, in
each case, for purposes of this Agreement. 
 In connection with
the implementation of a LIBOR Successor Rate or Alternative
Currency Successor Rate, the Administrative Agent in consultation with the Borrower will have the right to make
LIBOR Successor Rate Conforming Changes from time to time and, notwithstanding anything to the
contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate
Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing
such LIBOR Successor Conforming Changes to the Lenders reasonably promptly after such amendment
becomes effective. 

  
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 SECTION 3.04 Increased Cost and Reduced Return; Capital Adequacy; Reserves
on Eurocurrency Rate Loans. 
 (a) If any Lender reasonably determines that as a result of any Change in Law, in each case
after the Closing Date, or such Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining any Eurocurrency Rate Loans or Alternative Currency Daily Rate Loans or (as the case may
be) issuing or participating in Letters of Credit, or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this Section 3.04(a) any such increased costs or reduction
in amount resulting from (i) Indemnified Taxes or Other Taxes, or any Taxes excluded from the definition of Indemnified Taxes under exceptions (i)(B) through (vi) thereof or Connection Income Taxes, or (ii) reserve requirements
contemplated by Section 3.04(c)) and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining the Eurocurrency Rate Loan or Alternative Currency Daily Rate Loans (or of maintaining its
obligations to make any Loan), or to reduce the amount of any sum received or receivable by such Lender, then from time to time within fifteen (15) days after demand by such Lender setting forth in reasonable detail such increased costs (with a
copy of such demand to the Administrative Agent given in accordance with Section 3.06), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction; provided that to the
extent any increased costs or reductions are incurred by any Lender as a result of any requests, rules, guidelines or directives promulgated under the Dodd-Frank Wall Street Reform and Consumer Protection Act or pursuant to Basel III after the
Closing Date, then such Lender shall be compensated pursuant to this Section 3.04 only if such Lender imposes such charges under other syndicated credit facilities involving similarly situated borrowers that such Lender is a lender under (it
being understood that no Lender shall have any obligation to disclose information regarding such other similarly situated borrowers). 

(b) If any Lender determines that any Change in Law, in each case after the Closing Date, or compliance by such Lender (or its
Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of such Lender’s obligations hereunder (taking into consideration its policies
with respect to capital adequacy or liquidity and such Lender’s desired return on capital), then from time to time upon demand of such Lender setting forth in reasonable detail the charge and the calculation of such reduced rate of return (with
a copy of such demand to the Administrative Agent given in accordance with Section 3.06), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction within fifteen (15) days after
receipt of such demand. 
 (c) Each Borrower shall pay to each Lender, (i) as long as such Lender shall be required to
maintain reserves, capital or liquidity with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits, additional interest on the unpaid principal amount of each applicable Eurocurrency Rate Loan of the Borrower
equal to the actual costs of such reserves, capital or liquidity allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive in the absence of manifest error), and (ii) as long as
such Lender shall be required to comply with any reserve ratio, capital or liquidity requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the
funding of any Eurocurrency Rate Loans or Alternative Currency
Daily Rate Loans of the Borrower, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs
allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error) which in each case shall be due and payable on each date on which interest is payable on
such Loan; provided the Borrower shall have received at least fifteen (15) days’ prior notice (with a copy to the Administrative Agent) of such additional interest or cost from such Lender. If a Lender fails to give notice fifteen
(15) days prior to the relevant Interest Payment Date, such additional interest or cost shall be due and payable fifteen (15) days from receipt of such notice. 

(d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section 3.04 shall not constitute a
waiver of such Lender’s right to demand such compensation. 
 (e) If any Lender requests compensation under this
Section 3.04, then such Lender will, if requested by the Borrower, use commercially reasonable efforts to designate another Lending Office for any Loan
or Letter of Credit affected by such event; provided that
such efforts are made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s) to suffer no material economic, legal or regulatory disadvantage, and provided, further, that nothing in this
Section 3.04(e) shall affect or postpone any of the Obligations of the Borrower or the rights of such Lender pursuant to Sections 3.04(a), (b), (c) or (d). 

  
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 SECTION 3.05 Funding Losses. 

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

(a) any continuation, conversion, payment or prepayment of any Eurocurrency Rate Loan of the Borrower on a day other than the
last day of the Interest Period for such Loan; or 

(b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue
or convert any Eurocurrency Rate Loan of the Borrower on the date or in the amount notified by the Borrower, including any loss or expense (excluding loss of anticipated profits) arising from the liquidation or reemployment of funds obtained by it
to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained.; or 

(c)
 any failure by the Borrower to make payment of any Revolving Credit Loan or drawing under any Letter of Credit (or interest due thereon) denominated in an Approved Foreign Currency on its scheduled due date or any payment thereof in a different
currency. 
 For purposes of calculating amounts payable by the
Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market
for the applicable currency for a comparable amount and for a comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded. 

SECTION 3.06 Matters Applicable to All Requests for Compensation. 

(a) Any Agent or any Lender claiming compensation under this Article III shall deliver a certificate to the Borrower setting
forth the additional amount or amounts to be paid to it hereunder which shall be conclusive in the absence of manifest error. In determining such amount, such Agent or such Lender may use any reasonable averaging and attribution methods. 

(b) With respect to any Lender’s claim for compensation under Sections 3.01, 3.02, 3.03 or 3.04, the Borrower shall not be
required to compensate such Lender for any amount incurred more than one hundred and eighty (180) days prior to the date that such Lender notifies the Borrower of the event that gives rise to such claim; provided that if the circumstance
giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended to include the period of retroactive effect thereof. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower
may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make
Eurocurrency Rate Loans or Alternative Currency Daily Rate Loans,
or continue from one Interest Period to another applicable Eurocurrency Rate Loans, or, if applicable, to convert Base Rate Loans into Eurocurrency Rate Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(c)
shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested. 

(c) If the obligation of any Lender to make
orEurocurrency Rate
Loans or Alternative Currency Daily Rate Loans, or continue any Eurocurrency Rate Loan, or to convert Base Rate Loans into Eurocurrency Rate Loans shall be suspended pursuant to
Section 3.06(b) hereof, such Lender’s applicable Eurocurrency Rate Loans or Alternative Currency Daily
Rate Loans shall be automatically converted into Base Rate Loans
(in the case of Alternative Currency Daily Rate Loans, denominated in Dollars in the Dollar Equivalent of the
amount) (or, if such conversion is not possible, repaid) on the last day(s) of the then current Interest Period(s) for such Eurocurrency Rate Loans or immediately for such Alternative
Currency Daily Rate Loans (or, in the case of an
immediate conversion required by Section 3.02, on such earlier date as required by Law) and, unless and until such Lender gives notice as provided below that the circumstances specified in Sections 3.02, 3.03 or 3.04 hereof that gave rise to
such conversion no longer exist: 

  
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 (i) to the extent that such Lender’s Eurocurrency Rate Loans or Alternative Currency Daily Rate Loans have been so
converted, all payments and prepayments of principal that would otherwise be applied to such Lender’s applicable Eurocurrency Rate Loans
or Alternative Currency Daily Rate Loans shall be applied
instead to its Base Rate Loans; and 
 (ii) all Loans that would otherwise be made, or, in the case of Eurocurrency Rate Loans, continued from one Interest
Period to another by such Lender as Eurocurrency Rate Loans shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans shall remain as
Base Rate Loans. 
 (d) If any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that the
circumstances specified in Sections 3.02, 3.03 or 3.04 hereof that gave rise to the conversion of any of such Lender’s Eurocurrency Rate Loans
or Alternative Currency Daily Rate Loans pursuant to this
Section 3.06 no longer exist (which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurocurrency
Rate Loans or Alternative Currency Daily Rate Loans made by
other Lenders under the applicable Facility are outstanding, if applicable, such Lender’s Base Rate Loans shall be automatically converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Eurocurrency Rate
Loans or immediately for such outstanding Alternative Currency Daily Rate Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Lenders holding Eurocurrency
Rate Loans or Alternative Currency Daily Rate Loans under
such Facility and by such Lender are held pro rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective Commitments for the applicable Facility. 

SECTION 3.07 Replacement of Lenders under Certain Circumstances. 

(a) If at any time (i) a Borrower becomes obligated to pay additional amounts or indemnity payments described in
Section 3.01 (with respect to Indemnified Taxes) or 3.04 as a result of any condition described in such Sections or any Lender ceases to make any Eurocurrency
Rate Loans or Alternative Currency Daily Rate Loans as a result of
any condition described in Section 3.02 or Section 3.04, (ii) any Lender becomes a Defaulting Lender or (iii) any Lender becomes a Non-Consenting Lender, then the Borrower may so long as no Event of Default has occurred and is
continuing, at its sole cost and expense, on ten (10) Business Days’ prior written notice to the Administrative Agent and such Lender, (x) replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign
pursuant to Section 10.07(b) (with the assignment fee to be paid by the Borrower in such instance) all of its rights and obligations under this Agreement (in respect of any applicable Facility only in the case of clause (i) or, with
respect to a Class vote, clause (iii)) to one or more Eligible Assignees; provided that neither the Administrative Agent nor any Lender shall have any obligation to the Borrower to find a replacement Lender or other such Person; and
provided, further, that (A) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01 (with respect to Indemnified Taxes), such
assignment will result in a reduction in such compensation or payments and (B) in the case of any such assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable Eligible Assignees shall have agreed to, and shall be
sufficient (together with all other consenting Lenders) to cause the adoption of, the applicable departure, waiver or amendment of the Loan Documents; or (y) terminate the Commitment of such Lender or L/C Issuer (in respect of any applicable Facility only in the case of
clause (i) or clause (iii)), as the case may be, and (1) in the case of a Lender (other than an L/C Issuer), repay all Obligations of the Borrower
owing to such Lender relating to the Loans (and, in the case of any Revolving Credit Lender, and
participations) held by such Lender as of such termination
date and (2) in the case of an L/C Issuer, repay all Obligations of the Borrower owing to such L/C Issuer
relating to the Loans and participations held by the L/C Issuer as of such termination date and cancel or backstop on terms satisfactory to such L/C Issuer any Letters of Credit issued by it;
provided that in the case of any such termination of a Non-Consenting Lender such termination shall be sufficient (together with all other consenting Lenders) to cause the adoption of the applicable departure, waiver or amendment of the Loan
Documents and such termination shall be in respect of any applicable Facility only in the case of clause (i) or, with respect to a Class vote, clause (iii). 

  
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 (b) Any Lender being replaced pursuant to Section 3.07(a)(x) above
shall (i) execute and deliver an Assignment and Assumption with respect to such Lender’s applicable Commitment and outstanding
Loans (and, in the case of any Revolving Credit Lender, participations in L/C Obligations and Swing Line Loans in
respect thereof), and (ii) deliver any Notes evidencing such Loans to the Borrower or Administrative Agent. Pursuant to such Assignment and Assumption, (A) the assignee Lender shall
acquire all or a portion, as the case may be, of the assigning Lender’s Commitment and outstanding Loans
(and, in the case of any Revolving Credit Lender, participations in L/C Obligations and Swing Line Loans), (B) all obligations of the Borrower owing to the assigning Lender relating to the
Loans and Commitments (and, in the case of any Revolving Credit Lender, participations) so assigned shall be paid in full by the assignee Lender to such assigning Lender concurrently with such Assignment and Assumption and (C) upon such payment and, if so requested by the assignee Lender,
delivery to the assignee Lender of the appropriate Note or Notes executed by the Borrower, the assignee Lender shall become a Lender hereunder and the assigning Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans
and Commitments (and, in the case of any Revolving Credit Lender, participations), except with respect to indemnification provisions under this Agreement, which shall survive as to such assigning Lender. In connection with any such replacement, if any such Non-Consenting Lender or Defaulting
Lender does not execute and deliver to the Administrative Agent a duly executed Assignment and Assumption reflecting such replacement within five (5) Business Days of the date on which the assignee Lender executes and delivers such Assignment
and Assumption to such Non-Consenting Lender or Defaulting Lender, then such Non-Consenting Lender or Defaulting Lender shall be deemed to have executed and delivered such Assignment and Assumption without any action on the part of the
Non-Consenting Lender or Defaulting Lender. 
 (c) [Reserved].Notwithstanding
anything to the contrary contained above, any Revolving Credit Lender that acts as an L/C Issuer may not be replaced hereunder at any time that it has any Letter of Credit outstanding hereunder unless arrangements reasonably satisfactory to such L/C
Issuer (including the furnishing of a backup standby letter of credit in form and substance, and issued by an issuer reasonably satisfactory to such L/C Issuer or the depositing of cash collateral into a cash collateral account in amounts and
pursuant to arrangements reasonably satisfactory to such L/C Issuer) have been made with respect to each such outstanding Letter of Credit and the Lender that acts as the Administrative Agent may not be replaced hereunder except in accordance with
the terms of Section 9.09. 
 (d) In the event that (i) the
Company or the Administrative Agent has requested that the Lenders consent to a departure or waiver of any provisions of the Loan Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the
agreement of each Lender, each affected Lender or each affected Lender of a certain Class in accordance with the terms of Section 10.01 or all the Lenders with respect to a certain Class of the Loans and (iii) the Required Lenders (or, in
the case of a consent, waiver or amendment involving all affected Lenders of a certain Class, the Required Class Lenders as applicable) have agreed to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or
amendment shall be deemed a “Non-Consenting Lender.” 

  
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 SECTION 3.08 Survival. 

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

Conditions Precedent to Credit Extensions 

SECTION 4.01 Conditions to Closing Date. 

The effectiveness of this Agreement and the obligation of each Initial Term Lender to make its Initial Term Loan on the
Closing Date is subject to satisfaction of the following conditions precedent, except as otherwise agreed between the Company and the Administrative Agent: 

(a) The Administrative Agent’s receipt of the following, each of which shall be originals or pdf copies or
other facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of HGVI or the signing Loan Party, as applicable, each in form and substance reasonably satisfactory to the Administrative
Agent and its legal counsel: 
 (i) a Committed Loan Notice in accordance with the requirements hereof; 

(ii) executed counterparts of this Agreement and the First Lien Intercreditor Agreement; 

(iii) each Collateral Document set forth on Schedule 1.01C required to be executed on the Closing Date as
indicated on such schedule, duly executed by each Loan Party thereto, together with all documents and instruments required to create and perfect the Collateral Agent’s security interests in the Collateral shall have been executed and delivered
and, if applicable, be in proper form for filing (it being understood that, to the extent any security interest in any such Collateral is not or cannot be provided and/or perfected on the Closing Date (other than (1) the pledge and perfection
of the security interest in the certificated equity interests of each of the Company’s wholly owned material U.S. Restricted Subsidiaries (to the extent required by the Collateral and Guarantee Requirement and Section 6.11) (provided that,
to the extent the Company has used commercially reasonable efforts to procure the delivery thereof prior to the Closing Date, certificated equity interests of the wholly owned material U.S. Restricted Subsidiaries of the Target, to the extent
required by the Collateral and Guarantee Requirement and Section 6.11, will only be required to be delivered and/or perfected on the Closing Date pursuant to the terms set forth above if such certificated equity interests are received by the
Company from the Target) and (2) other assets pursuant to which a lien may be perfected by the filing of a financing statement under the Uniform Commercial Code) after the Company’s use of commercially reasonable efforts to do so or
without undue burden or expense, then the provision and/or perfection of a security interest in such Collateral shall not constitute a condition precedent for purposes of this Section 4.01, but instead shall be required to be delivered within
ninety (90) days (or such longer period as the Administrative Agent may agree in writing in its discretion) after the Closing Date) in accordance with, and as required by, Section 6.11; 

  
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 (iv) such certificates of good standing (to the extent such
concept exists) from the applicable secretary of state of the state of organization of HGVI and each Loan Party, certificates or memorandums and articles of incorporation, certificates of limited partnership or certificates of formation, including
all amendments thereto, of HGVI and each Loan Party, certified (as of a recent date), if applicable, by the Secretary of State (or other similar official) of the jurisdiction of its organization or incorporation, as the case may be, certificates of
resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of HGVI and each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which HGVI or such Loan Party is a party or is to be a party on the Closing Date; 

(v) an opinion from (x) Simpson Thacher & Bartlett LLP, New York counsel to HGVI and the Loan
Parties and (y) Greenberg Traurig, LLP, special Florida, Arizona and Nevada counsel to the Loan Parties; 

(vi) a solvency certificate from the chief financial officer, chief accounting officer or other officer with
equivalent duties of the Company (after giving effect to the Transactions) substantially in the form attached hereto as Exhibit E-2; 

(vii) a certificate, dated the Closing Date and signed by a Responsible Officer of the Company, confirming
satisfaction of the conditions set forth in Sections 4.01(d) and (e); and 
 (viii) the Perfection
Certificate, duly completed and executed by the Loan Parties. 
 (b) All fees and expenses due to the Agents,
the Global Coordinators and the Joint Bookrunners required to be paid on the Closing Date and (in the case of expenses) invoiced at least three Business Days before the Closing Date (except as otherwise reasonably agreed by the Company) shall have
been paid by the Company. 
 (c) The Joint Bookrunners shall have received, the Audited Financial Statements,
the Unaudited Financial Statements and the Pro Forma Financial Statements. 
 (d) The Acquisition shall have
been consummated, or shall be consummated substantially concurrently with the Closing Date, in accordance with the terms of the Acquisition Agreement and the Acquisition Agreement shall not have been amended or waived in any material respect by the
Company or any of its affiliates, nor shall the Company or any of its affiliates have given a material consent thereunder, in each case in a manner materially adverse to the Lenders (in their capacity as such) without the consent of the Global
Coordinators (such consent not to be unreasonably withheld, delayed or conditioned) (it being understood and agreed that any change, amendment, waiver or consent in respect of (x) the definition of “Company Material Adverse Effect”
contained in the Acquisition Agreement or (y) Section 7.3(f) of the Acquisition Agreement shall be deemed to be materially adverse to the Lenders); provided that (a) any amendment, waiver or consent which results in a reduction in the
purchase price for the Acquisition shall not be deemed to be materially adverse to the Lenders to the extent it is applied to reduce the amount of commitments in respect of the Closing Date Senior Unsecured Bridge Loans and the Initial Term Loans
ratably and (b) any increase in purchase price for the Acquisition shall not be deemed to be materially adverse to the Lenders, to the extent such increase is not funded with any Indebtedness (other than Initial Term Loans, Closing Date Senior
Unsecured Bridge Loans, Closing Date Senior Unsecured Notes and/or Revolving Credit Loans (as defined in the Existing RCF Credit Agreement)). 

  
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 (e) The Specified Acquisition Agreement Representations and
the Specified Representations shall be true and correct in all material respects on the Closing Date (or in all respects, if separately qualified by materiality). 

(f) Since the Agreement Date (as defined in the Acquisition Agreement), no Company Material Adverse Effect (as
defined in the Acquisition Agreement) has occurred and is continuing. 
 (g) The Refinancing shall have been
consummated, or shall be consummated substantially concurrently with the Closing Date. 
 (h) The
Administrative Agent shall have received at least 3 Business Days prior to the Closing Date all documentation and other information about the Company and the Guarantors required under applicable “know your customer” and anti-money
laundering rules and regulations, including the USA PATRIOT Act that has been requested by the Administrative Agent in writing at least 10 Business Days prior to the Closing Date. If the Borrower qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation, the Borrower shall have delivered to the Administrative Agent, at least 3 Business Days prior to the Closing Date, a Beneficial Ownership Certification to the extent requested by the Administrative Agent at
least 10 Business Days prior to the Closing Date. 
 Without limiting the generality of the provisions of
Section 9.03(b), for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto. 
 SECTION 4.02 Conditions to All Subsequent Credit Extensions. 

Except in the case of the initial Credit Extensions on the Closing Date, the obligation of each Lender to honor any Request
for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurocurrency Rate Loans and other than a Request for Credit Extension for an Incremental Facility which shall be
governed by Section 2.14(d)) is subject to the following conditions precedent: 
 (a) The
representations and warranties of each Borrower or Loan Party set forth in Article V and in each other Loan Document shall be true and correct in all material respects (except that any representation and warranty that is qualified as to
“materiality” or “Material Adverse Effect” shall be true and correct in all respects as so qualified) on and as of the date of such Credit Extension with the same effect as though made on and as of such date, except to the extent
such representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date. 

(b) No Default shall exist or would result from such proposed Credit Extension or from the application of the
proceeds therefrom. 
 (c) The Administrative Agent and, if applicable, the relevant L/C Issuer or the Swing Line Lender,
shall have received a Request for Credit Extension in accordance with the requirements hereof. 

  
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 Each Request for Credit Extension (other than a Committed Loan Notice
requesting only a conversion of Loans to the other Type, or a continuation of Eurocurrency Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(ia) and
(iib
) (or, in the case of a Request for Credit Extension for an Incremental Facility, the conditions specified in Section 2.14(d)) have been satisfied on and as of the date of the applicable Credit
Extension. 
 ARTICLE V 

Representations and Warranties 

The Borrower and each of the Subsidiary Guarantors party hereto represent and warrant to the Agents, the L/C Issuers and the Lenders at the time of each Credit Extension
that: 
 SECTION 5.01 Existence, Qualification and Power; Compliance with Laws. 

Each Loan Party, HGVI and each Restricted Subsidiary (a) is a Person duly organized or formed, validly existing and in
good standing (where relevant) under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority to (i) own or lease its assets and carry on its business as currently conducted and
(ii) in the case of HGVI, the Borrower and the Loan Parties, execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and in good standing (where relevant) under the Laws of each
jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, (d) is in compliance with all Laws, orders, writs and injunctions and (e) has all requisite governmental
licenses, authorizations, consents and approvals to operate its business as currently conducted; except in each case, referred to in clause (a) (other than with respect to the Company), (b)(i) (other than with respect to the Company), (c),
(d) and (e), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.02 Authorization; No Contravention. 

The execution, delivery and performance by each Borrower, each Loan Party and HGVI of each Loan Document to which such Person
is a party, are within HGVI, the Borrower or such Loan Party’s corporate or other powers, (a) have been duly authorized by all necessary corporate or other organizational action, and (b) do not (i) contravene the terms of any of
such Person’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under (other than as permitted by Section 7.01), or require any payment to be made under (x) any
Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (y) any material order, injunction, writ or decree of any Governmental Authority or any arbitral
award to which such Person or its property is subject, or (iii) violate any applicable Law; except with respect to any conflict, breach or contravention or payment (but not creation of Liens) referred to in clause (b)(ii)(x), to the extent that
such violation, conflict, breach, contravention or payment could not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.03 Governmental Authorization; Other Consents. 

No material approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental
Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance by, or enforcement against, the Borrower, any Loan Party or HGVI of this Agreement or any other Loan Document, (b) the
grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the priority thereof) or (d) the exercise by the
Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents, except for (i) filings, recordings and registrations with Governmental Authorities
necessary to perfect the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties, (ii) the approvals, consents, exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made
and are in full force and effect (except to the extent not required to be obtained, taken, given or made or be in full force and effect pursuant to the Collateral and Guarantee Requirement) and (iii) those approvals, consents, exemptions,
authorizations or other actions, notices or filings, the failure of which to obtain or make could not reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 5.04 Binding Effect. 

This Agreement and each other Loan Document has been duly executed and delivered by HGVI, each Borrower and each Loan Party
that is a party thereto. This Agreement and each other Loan Document constitutes, a legal, valid and binding obligation of HGVI, the Borrower and such Loan Party, enforceable against HGVI, each Borrower and each Loan Party that is a party thereto in
accordance with its terms, except as such enforceability may be limited by (i) Debtor Relief Laws and by general principles of equity, (ii) the need for filings, recordations and registrations necessary to perfect the Liens on the
Collateral granted by the Loan Parties in favor of the Secured Parties and (iii) the effect of foreign Laws, rules and regulations as they relate to pledges, if any, of Equity Interests in Foreign Subsidiaries. 

SECTION 5.05 Financial Statements; No Material Adverse Effect. 

(a) (i) The HGVI Audited Financial Statements fairly present in all material respects the financial condition of the
Company and its Subsidiaries as of the dates thereof and their results of operations for the periods covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby, except as otherwise expressly noted therein.

 (ii) The HGVI Unaudited Financial Statements fairly present in all material respects the financial
condition of the Company and its Subsidiaries as of the dates thereof and their results of operations for the periods covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby, except as otherwise expressly
noted therein. 
 (iii) The Target Audited Financial Statements fairly present in all material respects the
financial condition of the Target and its Subsidiaries as of the dates thereof and their results of operations for the periods covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby, except as otherwise
expressly noted therein. 
 (iv) The Target Unaudited Financial Statements fairly present in all material
respects the financial condition of the Target and its Subsidiaries as of the dates thereof and their results of operations for the periods covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby, except
as otherwise expressly noted therein. 
 (b) The Pro Forma Financial Statements have been prepared in good faith on the basis
of the assumptions stated therein, which assumptions were believed to be reasonable at the time of preparation of such forecasts, it being understood that actual results may vary from such forecasts and that such variations may be material. 

(c) Since the Closing Date, there has been no event or circumstance, either individually or in the aggregate, that has had or
would reasonably be expected to have a Material Adverse Effect. 
 (d) As of the Closing Date, none of the Company and its
Subsidiaries has any Indebtedness or other obligations or liabilities, direct or contingent (other than (i) the liabilities reflected on Schedule 5.05, (ii) obligations arising under the Loan Documents, the Existing RCF Credit Agreement,
the Closing Date Senior Unsecured Bridge Loans, the Closing Date Senior Unsecured Notes or the Target Notes and (iii) liabilities incurred in the ordinary course of business that, either individually or in the aggregate, have not had nor would
reasonably be expected to have a Material Adverse Effect). 

  
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 SECTION 5.06 Litigation. 

Except as set forth on Schedule 5.06, there are no actions, suits, proceedings, claims or disputes pending or, to the
knowledge of the Borrower, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against the Company or any of its Restricted Subsidiaries or against any of their properties or revenues that either
individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.07
[Reserved]. 
 SECTION 5.08 Ownership of Property; Liens; Real Property. 

(a) The Company and each of its Restricted Subsidiaries has good record title to, or valid leasehold interests in, or easements
or other limited property interests in, all Real Property necessary in the ordinary conduct of its business, free and clear of all Liens except as set forth on Schedule 5.08 hereto and except for minor defects in title that do not materially
interfere with its ability to conduct its business or to utilize such assets for their intended purposes and Liens permitted by Section 7.01 and except where the failure to have such title or other interest could not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect. 
 (b) As of the Closing Date, Schedule 8 to the
Perfection Certificate contains a true and complete list of each Real Property owned by the Company and the Subsidiaries as of the Closing Date. 

SECTION 5.09 Environmental Matters. 

Except as specifically disclosed in Schedule 5.09(a) or except as would not reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect: 
 (a) Each Borrower, each Loan Party and their respective properties and
operations are and, other than any matters which have been finally resolved, have been in compliance with all Environmental Laws, which includes obtaining, maintaining and complying with all applicable Environmental Permits required under such
Environmental Laws to carry on the business of the Borrower and the Loan Parties; 
 (b) the Borrower and the Loan Parties
have not received any written notice that alleges any of them is in violation of or potentially liable under any Environmental Laws and none of the Borrower or the Loan Parties nor any of the Real Property owned, leased or operated by any Loan Party
or Subsidiary is the subject of any claims, investigations, liens, demands, or judicial, administrative or arbitral proceedings pending or, to the knowledge of the Borrower, threatened, under or relating to any Environmental Law; 

(c) there has been no Release of Hazardous Materials on, at, under or from any Real Property or facilities currently or
formerly owned, leased or operated by any Loan Party or Subsidiary, or arising out of the conduct of the Borrower or the Loan Parties that would reasonably be expected to require investigation, remedial activity or corrective action or cleanup by,
or on behalf of, any Loan Party or Subsidiary or would reasonably be expected to result in any Environmental Liability; 

(d) there are no facts, circumstances or conditions arising out of or relating to the Borrower or the Loan Parties or any of
their respective operations or any facilities currently or, to the knowledge of the Borrower, formerly owned, leased or operated by any of the Loan Parties or Subsidiaries, that would reasonably be expected to require investigation, remedial
activity or corrective action or cleanup by, or on behalf of, any Loan Party or Subsidiary or would reasonably be expected to result in any Environmental Liability; and 

  
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 (e) the Borrower have made available to the Administrative Agent all
environmental reports, studies, assessments, audits, or other similar documents containing information regarding any Environmental Liability that are in the possession or control of the Borrower or any Loan Party or Subsidiary. 

SECTION 5.10 Taxes. 

Except as would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect,
each of the Loan Parties and their Subsidiaries have filed all tax returns required to be filed, and have paid all Taxes levied or imposed upon them or their properties, that are due and payable (including in their capacity as a withholding agent),
except those that are being contested in good faith by appropriate proceedings diligently conducted. Except as described on Schedule 5.10, there is no proposed Tax deficiency or assessment known to the Borrower or Loan Parties against the Borrower
or Loan Parties that would, if made, individually or in the aggregate, have a Material Adverse Effect. 
 SECTION 5.11 ERISA
Compliance. 
 (a) Except as set forth on Schedule 5.11(a) or as would not, either individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect, each Plan maintained by a Borrower, a Loan Party or ERISA Affiliate is in compliance with the applicable provisions of ERISA and the Code and the regulations and published
interpretations thereunder and other federal or state Laws. 
 (b) (i) No ERISA Event has occurred and is continuing;
(ii) none of the Borrower, any Loan Party or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under
Section 4007 of ERISA); (iii) none of the Borrower, any Loan Party or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of
ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (iv) none of the Borrower, any Loan Party or any ERISA Affiliate has engaged in a transaction that could be subject to
Sections 4069 or 4212(c) of ERISA, except, with respect to each of the foregoing clauses of this Section 5.11(b), as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

(c) With respect to each Pension Plan, the adjusted funding target attainment percentage (as defined in Section 901 of the
Code), as determined by the applicable Pension Plan’s Enrolled Actuary under Sections 436(j) and 430(d)(2) of the Code and all applicable regulatory guidance promulgated thereunder, would not reasonably be expected to result, individually or in
the aggregate, in a Material Adverse Effect.” None of the Borrower, any Loan Party nor any ERISA Affiliate maintains or contributes to a Plan that is, or is expected to be, in at-risk status (as defined in Section 303(i)(4) of ERISA or
Section 430(i)(4) of the Code) in each case, except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

  
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 SECTION 5.12 Subsidiaries; Equity Interests. 

As of the Closing Date (after giving effect to the Transactions), no Borrower or Loan Party has any material Subsidiaries
other than those specifically disclosed in Schedule 5.12, and all of the outstanding Equity Interests owned by the Loan Parties (or a Subsidiary of any Loan Party) in such material Subsidiaries have been validly issued and are fully paid and all
Equity Interests owned by a Loan Party or a Borrower in such material Subsidiaries are owned free and clear of all Liens except (i) those created under the Collateral Documents and (ii) any Lien that is permitted under Section 7.01.
As of the Closing Date, Schedules 1(a) and 10 to the Perfection Certificate (a) set forth the name and jurisdiction of each Domestic Subsidiary that is a Loan Party and (b) set forth the ownership interest of the Company and any other
Guarantor in each material wholly owned Subsidiary, including the percentage of such ownership. 
 SECTION 5.13 Margin
Regulations; Investment Company Act. 
 (a) No Borrower is engaged or will engage, principally or as one of its important
activities, in (1) the business of purchasing or carrying Margin Stock or (2) extending credit for the purpose of purchasing or carrying Margin Stock, in each case of the foregoing clauses (1) and (2) in a manner that violates
Regulation U of the Board of Governors of the United States Federal Reserve System and no proceeds of any Borrowings will be used for any purpose that violates Regulation U of the Board of Governors of the United States Federal Reserve System. 

(b) No Loan Party or Borrower is or is required to be registered as an “investment company” under the Investment
Company Act of 1940. 
 SECTION 5.14 Disclosure. 

To the best of the Borrower’s knowledge, no report, financial statement, certificate or other written information
furnished by or on behalf of the Borrower or Loan Party (other than projected financial information, pro forma financial information and information of a general economic or industry nature) to any Agent or any Lender in connection with the
transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (as modified or supplemented by other information so furnished), when taken as a whole, contains any untrue statement of a
material fact or omits to state any material fact necessary to make the statements therein (when taken as a whole), in the light of the circumstances under which they were made, not materially misleading. With respect to projected financial
information and pro forma financial information, the Company represents that such information was prepared in good faith based upon assumptions believed to be reasonable at the time of preparation; it being understood that such projections may vary
from actual results and that such variances may be material. 
 SECTION 5.15 Labor Matters. 

Except as, in the aggregate, would not reasonably be expected to have a Material Adverse Effect as of the Closing Date
(a) there are no strikes or other labor disputes against the Company or any of its Restricted Subsidiaries pending or, to the knowledge of the Borrower, threatened, (b) hours worked by and payment made to employees of the Company or any of
its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Laws, (c) the Borrower and the other Loan Parties have complied with all applicable labor laws including work authorization and
immigration and (d) all payments due from the Company or any of its Restricted Subsidiaries on account of employee health and welfare insurance have been paid or accrued as a liability on the books of the relevant party. 

SECTION 5.16 [Reserved]. 

  
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 SECTION 5.17 Intellectual Property; Licenses, Etc. 

The Company and its Restricted Subsidiaries own, license or possess the right to use all of the trademarks, service marks,
trade names, domain names, copyrights, patents, patent rights, licenses, technology, software, know-how, database rights, design rights and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary
for the operation of their respective businesses as currently conducted, and, to the knowledge of the Borrower, such IP Rights do not conflict with the rights of any Person, except to the extent such failure to own, license or possess or such
conflicts, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. The business of any Loan Party or any of their Subsidiaries as currently conducted does not infringe upon, misappropriate or
otherwise violate any IP Rights held by any Person except for such infringements, misappropriations and violations, individually or in the aggregate, which would not reasonably be expected to have a Material Adverse Effect. No claim or litigation
regarding any of the IP Rights, is filed and presently pending or, to the knowledge of the Borrower, presently threatened in writing against any Loan Party or any of its Subsidiaries, which, either individually or in the aggregate, would reasonably
be expected to have a Material Adverse Effect. 
 Except pursuant to licenses and other user agreements entered into by each
Borrower or Loan Party in the ordinary course of business, as of the Closing Date, to the knowledge of the Borrower, all registrations listed in Schedule 9 to the Perfection Certificate are valid and subsisting, except, in each case, to the extent
failure of such registrations to be valid and subsisting would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

SECTION 5.18 Solvency. 

On the Closing Date, after giving effect to the Transactions, the Company and its Restricted Subsidiaries, on a consolidated
basis, are Solvent. 
 SECTION 5.19 Subordination of Junior Financing; First Lien Obligations. 

The Obligations are “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt” or
“Senior Secured Financing” (or any comparable term) under, and as defined in, any Junior Financing Documentation. 

SECTION 5.20 Sanctions; Anti-Corruption; USA PATRIOT Act. 

(a) Holdings and each of its Subsidiaries is in compliance, in all material respects, with (i) all applicable Sanctions,
(ii) the FCPA and all other applicable anti-corruption laws (“Anti-Corruption Laws”) and (ii) as applicable, the USA PATRIOT Act. Holdings and its Subsidiaries have implemented and maintain in effect policies and
procedures reasonably designed to promote and achieve compliance by Holdings, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

(b) None of Holdings or any of its Subsidiaries or, to the knowledge of the Borrower and the other Loan Parties, any director,
officer, employee, agent or controlled affiliate of Holdings or any Subsidiary is currently the target of any Sanctions, nor is Holdings or any of its Subsidiaries located, organized or resident in any country, region or territory that is the target
of Sanctions. 
 (c) No part of the proceeds of the Loans will be used, directly or indirectly, by the Borrower (i) in
violation of any Anti-Corruption Laws or (ii) for the purpose of financing any activities or business of or with any Person, or in any country, region or territory, that, at the time of such financing, is the subject of any Sanctions. 

  
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 SECTION 5.21 Security Documents. 

(a) Valid Liens. Each Collateral Document delivered pursuant to Section 4.01 and Sections 6.11, 6.13 and 6.16 will,
upon execution and delivery thereof, be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent
intended to be created thereby and (i) when financing statements and other filings in appropriate form are filed in the offices specified on Schedule 5 to the Perfection Certificate and (ii) upon the taking of possession or control by the
Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral
Agent is required by the Security Agreement), the Liens created by the Collateral Documents shall constitute fully perfected Liens on, and security interests in (to the extent intended to be created thereby), all right, title and interest of the
grantors in such Collateral to the extent perfection can be obtained by filing financing statements, in each case subject to no Liens other than Liens permitted hereunder. 

(b) PTO Filing; Copyright Office Filing. When the Intellectual Property Security Agreements are properly filed in the
United States Patent and Trademark Office and the United States Copyright Office, to the extent such filings may perfect such interests, the Liens created by the Security Agreement shall constitute fully perfected Liens on, and security interests
in, all right, title and interest of the grantors thereunder in Patents and Trademarks (each as defined in the Security Agreement) registered or applied for with the United States Patent and Trademark Office and Copyrights (as defined in the
Security Agreement) registered or applied for with the United States Copyright Office, as the case may be, in each case subject to no Liens other than Liens permitted hereunder (it being understood that subsequent recordings in the United States
Patent and Trademark Office and the United States Copyright Office may be necessary to establish a Lien on registered Patents, Trademarks and Copyrights acquired by the grantors thereof after the Closing Date). 

Notwithstanding anything herein (including this Section 5.21) or in any other Loan Document to the contrary, neither the
Borrower nor any other Loan Party makes any representation or warranty as to (A) the effects of perfection or non-perfection, the priority or the enforceability of any pledge of or security interest in any Equity Interests of any Foreign
Subsidiary, or as to the rights and remedies of the Agents or any Lender with respect thereto, under foreign Law or (B) the pledge or creation of any security interest, or the effects of perfection or non-perfection, the priority or the
enforceability of any pledge of or security interest to the extent such pledge, security interest, perfection or priority is not required pursuant to the Collateral and Guarantee Requirement. 

ARTICLE VI 
 Affirmative Covenants

 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than obligations under
Treasury Services Agreements or obligations under Secured Hedge Agreements) hereunder which is accrued and payable shall remain unpaid or unsatisfied,
or any Letter of Credit shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto
has been Cash Collateralized or a backstop letter of credit reasonably satisfactory to the applicable L/C Issuer is in place), then from and after the Closing Date, the Company shall, and shall
(except in the case of the covenants set forth in Sections 6.01, 6.02 and 6.03) cause each of its Restricted Subsidiaries to: 

SECTION 6.01 Financial Statements. 

(a) Deliver to the Administrative Agent for prompt further distribution to each Lender, within 90 days after the end of each
fiscal year, a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, stockholders’ equity and cash flows for such fiscal year, setting
forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of Ernst & Young LLP or any other independent
registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification
or exception or any qualification or exception as to the scope of such audit other than a going concern qualification resulting from (x) activities, operations, financial results or liabilities of any Unrestricted Subsidiary, (y) the
impending maturity of any Indebtedness and (z) any prospective or actual default under any financial covenant; 

  
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 (b) Deliver to the Administrative Agent for prompt further distribution to
each Lender, within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Company, a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter and the related
consolidated statements of income or operations for such fiscal quarter and the portion of the fiscal year then ended, setting forth in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the
corresponding portion of the previous fiscal year, and statements of stockholders’ equity for the current fiscal quarter and consolidated statement of cash flows for the portion of the fiscal year then ended, setting forth in each case in
comparative form the figures for the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the Company as fairly presenting in all material respects the financial condition, results of
operations, stockholders’ equity and cash flows of the Company and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 

(c) [reserved]; and 

(d) Deliver to the Administrative Agent with each set of consolidated financial statements referred to in Sections 6.01(a) and
6.01(b) above, supplemental financial information necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements. 

Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 6.01 may be satisfied
with respect to financial information of the Company and the Subsidiaries by furnishing (A) the applicable financial statements of the Company (or any direct or indirect parent of the Company) or (B) the Company’s (or any direct or
indirect parent thereof), as applicable, Form 10-K or 10-Q, as applicable, filed with the SEC; provided that with respect to clauses (A) and (B), (i) to the extent such information relates to a parent of the Company, such
information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to the Company (or such parent), on the one hand, and the information relating to the Company and the
Subsidiaries on a stand-alone basis, on the other hand and (ii) to the extent such information is in lieu of information required to be provided under Section 6.01(a), such materials are accompanied by a report and opinion of
Ernst & Young LLP or any other independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and, except as permitted in
Section 6.01(a), shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit. 

Documents required to be delivered pursuant to Section 6.01 and Sections 6.02(b) and (c) may be delivered
electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Company (or any direct or indirect parent of the Company) posts such documents, or provides a link thereto on the website on the Internet at
the Company’s website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Company’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative
Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) upon written request by the Administrative Agent, the Company shall deliver paper copies of such documents
to the Administrative Agent for further distribution to each Lender until a written request to cease delivering paper copies is given by the Administrative Agent; and (ii) the Company shall notify (which may be by facsimile or electronic mail)
the Administrative Agent of the posting of any such documents and, in the case of documents required to be delivered pursuant to Section 6.01, provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies)
of such documents. Notwithstanding anything contained herein, in every instance the Company shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(a) to the Administrative Agent; provided,
however, that if such Compliance Certificate is first delivered by electronic means, the date of such delivery by electronic means shall constitute the date of delivery for purposes of compliance with Section 6.02(a). Each Lender shall
be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents. 

  
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 SECTION 6.02 Certificates; Other Information. 

Deliver to the Administrative Agent for prompt further distribution to each Lender: 

(a) no later than five (5) days after the delivery of the financial statements referred to in Sections 6.01(a) and (b), a
duly completed Compliance Certificate signed by a Responsible Officer of the Company; 
 (b) promptly after the same are
publicly available, copies of all annual, regular, periodic and special reports and registration statements which the Company or any Restricted Subsidiary files with the SEC or with any Governmental Authority that may be substituted therefor (other
than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered), exhibits to any registration statement and, if applicable, any registration statement on Form S-8) and in any
case not otherwise required to be delivered to the Administrative Agent pursuant hereto; provided that notwithstanding the foregoing, the obligations in this Section 6.02(b) may be satisfied as long as such filing is publicly available on the
SEC’s EDGAR website; 
 (c) promptly after the furnishing thereof, copies of any material requests or material notices
received by the Borrower or any Loan Party (other than in the ordinary course of business) or material statements or material reports furnished to any holder of debt securities (other than in connection with any board observer rights) of any Loan
Party or of any of its Restricted Subsidiaries pursuant to the terms of the Existing RCF Credit Agreement, the Closing Date Senior Unsecured Bridge Loans, the Closing Date Senior Unsecured Notes, the Target Notes or any Junior Financing
Documentation and, in each case, any Permitted Refinancing thereof, in a principal amount in excess of the Threshold Amount and not otherwise required to be furnished to the Lenders pursuant to any other clause of this Section 6.02; 

(d) together with the delivery of each Compliance Certificate pursuant to Section 6.02(a), (i) in the case of annual
Compliance Certificates only, a report setting forth the information required by sections describing the legal name and the jurisdiction of formation of each Borrower and each Loan Party and the location of the chief executive office of each
Borrower and each Loan Party of the Perfection Certificate or confirming that there has been no change in such information since the later of the Closing Date or the date of the last such report, (ii) a description of each event, condition or
circumstance during the last fiscal quarter covered by such Compliance Certificate requiring a mandatory prepayment under Section 2.05(b) and (iii) a list of each Subsidiary of the Company that identifies each Subsidiary as a Restricted
Subsidiary, an Unrestricted Subsidiary, a Securitization Subsidiary or an Excluded Subsidiary as of the date of delivery of such Compliance Certificate or confirmation that there has been no change in such information since the later of the Closing
Date or the date of the last such list; and 
 (e) promptly, such additional information regarding the business, legal,
financial or corporate affairs of the Loan Parties or any of their respective Restricted Subsidiaries, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender through the Administrative Agent may from time to
time reasonably request. 

  
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 The Borrower hereby acknowledges that (a) the Administrative Agent, the
Global Coordinators and/or the Joint Bookrunners will make available to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower
Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public
information with respect to the Borrower or its securities) (each, a “Public Lender”). The Borrower hereby agrees to make all Borrower Materials that the Borrower intends to be made available to Public Lenders clearly and
conspicuously designated as “PUBLIC.” By designating Borrower Materials as “PUBLIC”, the Borrower authorizes such Borrower Materials to be made available to a portion of the Platform designated “Public Investor,” which
is intended to contain only information that is either publicly available or not material information (though it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United States federal and state
securities laws. Notwithstanding the foregoing, the Borrower shall not be under any obligation to mark any Borrower Materials “PUBLIC.” The Borrower agrees that (i) any Loan Documents, (ii) any financial statements delivered
pursuant to Section 6.01 and (iii) any Compliance Certificates delivered pursuant to Section 6.02(a) will be deemed to be “public-side” Borrower Materials and may be made available to Public Lenders. 

Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected
the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and
applicable law, including United States federal and state securities laws, to make reference to communications that are not made available through the “Public Side Information” portion of the Platform and that may contain material
non-public information with respect to the Borrower or its securities for purposes of United States federal or state securities laws. 

SECTION 6.03 Notices. 

Promptly after a Responsible Officer of the Borrower or any Subsidiary Guarantor has obtained knowledge thereof, notify the
Administrative Agent: 
 (a) of the occurrence of any Default; 

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

(c) of the filing or commencement of any action, suit, litigation or proceeding, whether at law or in equity by or before any
Governmental Authority, (i) against Holdings, the Company or any of its Subsidiaries thereof that would reasonably be expected to result in a Material Adverse Effect or (ii) with respect to any Loan Document. 

Each notice pursuant to this Section 6.03 shall be accompanied by a written statement of a Responsible Officer of the
Company (x) that such notice is being delivered pursuant to Sections 6.03(a), (b) or (c) (as applicable) and (y) setting forth details of the occurrence referred to therein and stating what action the Company has taken and
proposes to take with respect thereto. 
 SECTION 6.04 Payment of Obligations. 

Pay, discharge or otherwise satisfy as the same shall become due and payable in the normal conduct of its business, all its
obligations and liabilities in respect of Taxes imposed upon it or upon its income or profits or in respect of its property, except, in each case, (i) to the extent any such Tax is being contested in good faith and by appropriate proceedings
for which appropriate reserves have been established in accordance with GAAP or (ii) if such failure to pay or discharge such obligations and liabilities would not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect. 

  
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 SECTION 6.05 Preservation of Existence, Etc. 

(a) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction of its
organization except (x) in a transaction permitted by Sections 7.04 or 7.05 and (y) any Restricted Subsidiary may merge or consolidate with any other Restricted Subsidiary if otherwise permitted by Sections 7.04 or 7.05 and (b) take
all reasonable action to maintain all rights, privileges (including its good standing where applicable in the relevant jurisdiction), permits, licenses and franchises necessary or desirable in the normal conduct of its business, except, in the case
of (a) (other than with respect to the Company) or (b), (i) to the extent that failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (ii) pursuant to a transaction
permitted by Article VII or clause (a)(y) of this Section 6.05. 
 SECTION 6.06 Maintenance of Properties. 

Except if the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect, maintain, preserve and protect all of its material tangible or intangible properties and equipment necessary in the operation of its business in good working order, repair and condition, ordinary wear and tear excepted and fire, casualty or
condemnation excepted. 
 SECTION 6.07 Maintenance of Insurance. 

(a) Generally. Maintain with financially sound and reputable insurance companies, insurance with respect to its
properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for
similarly situated Persons engaged in the same or similar businesses as the Company and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons. 

(b) Requirements of Insurance. All such insurance shall (i) provide that no cancellation, material reduction in
amount or material change in coverage thereof shall be effective until at least 10 days (or, to the extent reasonably available, 30 days) after receipt by the Collateral Agent of written notice thereof (the Company shall deliver a copy of the policy
(and to the extent any such policy is cancelled or renewed, a renewal or replacement policy) or other evidence thereof to the Administrative Agent and the Collateral Agent, or insurance certificate with respect thereto) and (ii) name the
Collateral Agent as mortgagee (in the case of property insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of property insurance) (it being understood that, absent an
Event of Default, any proceeds of any such property insurance shall be delivered by the insurer(s) to the Company or one of its Subsidiaries and applied in accordance with this Agreement), as applicable. 

SECTION 6.08 Compliance with Laws. 

Comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or
property, except if the failure to comply therewith could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 SECTION 6.09 Books and Records. 

Maintain proper books of record and account, in which entries that are full, true and correct in all material respects and are
in conformity with GAAP consistently applied and which reflect all material financial transactions and matters involving the assets and business of the Company or a Restricted Subsidiary, as the case may be (it being understood and agreed that
certain Foreign Subsidiaries maintain individual books and records in conformity with generally accepted accounting principles in their respective countries of organization and that such maintenance shall not constitute a breach of the
representations, warranties or covenants hereunder). 
 SECTION 6.10 Inspection Rights. 

Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its
properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants (subject to
such accountants’ customary policies and procedures), all at the reasonable expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the
Borrower; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under
this Section 6.10 and the Administrative Agent shall not exercise such rights more often than two times during any calendar year and only one (1) such time shall be at the Borrower’s expense; provided, further, that when an
Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon
reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrower the opportunity to participate in any discussions with the Borrower’s independent public accountants. Notwithstanding anything to the contrary in this
Section 6.10, none of the Company nor any Restricted Subsidiary shall be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter that
(i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited by Law
or (iii) is subject to attorney-client or similar privilege or constitutes attorney work-product. 
 SECTION 6.11
Additional Collateral; Additional Guarantors. 
 At the Borrower’s expense, take all action either necessary or as
reasonably requested by the Administrative Agent or the Collateral Agent to ensure that the Collateral and Guarantee Requirement continues to be satisfied, including: 

Upon (x) the formation or acquisition of any new direct or indirect wholly owned Domestic Subsidiary (in each case, other
than an Excluded Subsidiary) by the Company (including, without limitation, upon the formation of any Subsidiary that is a Division Successor), (y) any Excluded Subsidiary ceasing to constitute an Excluded Subsidiary or (z) the designation
in accordance with Section 6.14 of an existing direct or indirect wholly owned Domestic Subsidiary (other than an Excluded Subsidiary) as a Restricted Subsidiary: 

(i) within sixty (60) days (or such longer period as the Administrative Agent may agree in writing in its
discretion) after such formation, acquisition, cessation or designation, or such longer period as the Administrative Agent may agree in writing in its discretion: 

  
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 (A) cause each such Domestic Subsidiary that is required to
become a Guarantor pursuant to the Collateral and Guarantee Requirement to duly execute and deliver to the Administrative Agent or the Collateral Agent (as appropriate) joinders to this Agreement as Guarantors, Security Agreement Supplements,
intellectual property security agreements, a counterpart of the Intercompany Note, each Intercreditor Agreement, if applicable, and other security agreements and documents, as reasonably requested by and in form and substance reasonably satisfactory
to the Administrative Agent (consistent with the Security Agreement and other security agreements in effect on the Closing Date), in each case granting Liens required by the Collateral and Guarantee Requirement; 

(B) cause each such Domestic Subsidiary that is required to become a Guarantor pursuant to the Collateral and
Guarantee Requirement (and the parent of each such Domestic Subsidiary that is a Guarantor) to deliver any and all certificates representing Equity Interests (to the extent certificated) and intercompany notes (to the extent certificated) that are
required to be pledged pursuant to the Collateral and Guarantee Requirement, accompanied by undated stock powers or other appropriate instruments of transfer executed in blank; 

(C) take and cause such Restricted Subsidiary and each direct or indirect parent of such Restricted Subsidiary
that is required to become a Guarantor pursuant to the Collateral and Guarantee Requirement to take whatever action the filing of Uniform Commercial Code financing statements and intellectual property security agreements, and delivery of stock and
membership interest certificates) as may be necessary in the reasonable opinion of the Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it) valid and perfected Liens to the extent
required by the Collateral and Guarantee Requirement, and to otherwise comply with the requirements of the Collateral and Guarantee Requirement; 

(ii) if reasonably requested by the Administrative Agent or the Collateral Agent, within sixty (60) days
after such request (or such longer period as the Administrative Agent may agree in writing in its discretion), deliver to the Administrative Agent a signed copy of an opinion, addressed to the Administrative Agent and the Lenders, of counsel for the
Loan Parties reasonably acceptable to the Administrative Agent as to such matters set forth in this Section 6.11(a) as the Administrative Agent may reasonably request; and 

(iii) if reasonably requested by the Administrative Agent or the Collateral Agent, within sixty (60) days
after such request (or such longer period as the Administrative Agent may agree in writing in its discretion), deliver to the Collateral Agent any other items necessary from time to time to satisfy the Collateral and Guarantee Requirement with
respect to perfection and existence of security interests with respect to property of any Guarantor acquired after the Closing Date and subject to the Collateral and Guarantee Requirement, but not specifically covered by the preceding clauses
(i) or (ii). 
 SECTION 6.12 Compliance with Environmental Laws. 

Except, in each case, to the extent that the failure to do so could not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, comply, and take all commercially reasonable actions to cause all lessees and other Persons operating or occupying its properties to comply with all applicable Environmental Laws and Environmental Permits;
obtain, maintain and renew all Environmental Permits necessary for its operations and properties; and, in each case to the extent the Loan Parties or Subsidiaries are required by Environmental Laws, conduct any investigation, remedial or other
corrective action necessary to address Hazardous Materials at any property or facility in accordance with applicable Environmental Laws. 

  
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 SECTION 6.13 Further Assurances. 

(a) Promptly upon reasonable request by the Administrative Agent (i) correct any material defect or error that may be
discovered in the execution, acknowledgment, filing or recordation of any Intercreditor Agreement or any Collateral Document or other document or instrument relating to any Collateral and (ii) 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 as the Administrative Agent may reasonably request from time to time in order to carry out more effectively the
purposes of any Intercreditor Agreement or the Collateral Documents, to the extent required pursuant to the Collateral and Guarantee Requirement. 

(b) Ensure that all Real Property owned by the Company or any Restricted Subsidiary as of the Closing Date or acquired from
time to time after the Closing Date is owned by or transferred to a Loan Party or a Restricted Subsidiary of the Company whose Equity Interests constitute Collateral (other than pursuant to a transaction or for any other purpose not prohibited by
this Agreement, including Permitted Acquisitions and other Investments). 
 SECTION 6.14 Designation of Subsidiaries. 

The Company may at any time designate any Restricted Subsidiary of the Company as an Unrestricted Subsidiary or any
Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such designation, no Default shall have occurred and be continuing, (ii) [reserved] and (iii) no Subsidiary may be designated as
an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of the Existing RCF Credit Agreement, the Closing Date Senior Unsecured Bridge Loans, the Closing Date Senior Unsecured Notes, the Target Notes, Indebtedness
incurred under Section 7.03(s) or Section 7.03(w) or any Junior Financing with a principal amount in excess of the Threshold Amount, as applicable. The designation of any Subsidiary as an Unrestricted Subsidiary after the Closing Date
shall constitute an Investment by the Company therein at the date of designation in an amount equal to the fair market value of the Company’s or its Subsidiary’s (as applicable) Investment therein. The designation of any Unrestricted
Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Company in
Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the fair market value at the date of such designation of the Company’s or its Subsidiary’s (as applicable) Investment in such Subsidiary. 

SECTION 6.15 Maintenance of Ratings. 

In respect of the Borrower, use commercially reasonable efforts to (i) cause the Term Loans to be continuously rated (but
not any specific rating) by S&P and Moody’s and (ii) maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Moody’s. 

SECTION 6.16 Post-Closing Covenants. 

Except as otherwise agreed by the Administrative Agent in its sole discretion, the Company shall, and shall cause each of the
other Loan Parties to, deliver each of the documents, instruments and agreements and take each of the actions set forth on Schedule 6.16 within the time periods set forth therein (or such longer time periods as determined by the Administrative Agent
in its sole discretion). 

  
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 ARTICLE VII 

Negative Covenants 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder (other than obligations
under Treasury Services Agreements or obligations under Secured Hedge Agreements) which is accrued and payable shall
remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized or a backstop letter of credit reasonably satisfactory to the
applicable L/C Issuer is in place), then from and after the Closing Date: 

SECTION 7.01 Liens. 

Neither the Company nor the Restricted Subsidiaries shall, directly or indirectly, create, incur, assume or suffer to exist
any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following: 

(a) Liens pursuant to any Loan Document; 

(b) Liens existing on the Closing Date and, with respect to each such Lien securing Indebtedness in an aggregate principal
amount in excess of $15,000,000, listed on Schedule 7.01(b) and any modifications, replacements, renewals, refinancings or extensions thereof; provided that (i) the Lien does not extend to any additional property other than
(A) after-acquired property that is affixed or incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section 7.03, and (B) proceeds and products thereof, and (ii) the replacement,
renewal, extension or refinancing of the obligations secured or benefited by such Liens, to the extent constituting Indebtedness, is permitted by Section 7.03; 

(c) Liens for Taxes that are not overdue for a period of more than sixty (60) days or not yet payable or subject to
penalties for nonpayment or that are being contested in good faith and by appropriate actions diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person to the extent required in accordance
with GAAP; 
 (d) statutory or common law Liens of landlords, sublandlords, carriers, warehousemen, mechanics, materialmen,
repairmen, construction contractors or other like Liens that secure amounts not overdue for a period of more than sixty (60) days or if more than sixty (60) days overdue, that are unfiled and no other action has been taken to enforce such
Lien or that are being contested in good faith and by appropriate actions diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person to the extent required in accordance with GAAP; 

(e) (i) pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment
insurance and other social security legislation and (ii) pledges and deposits in the ordinary course of business or consistent with past practice securing liability for reimbursement or indemnification obligations of (including obligations in
respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to the Company or any of its Restricted Subsidiaries; 

(f) deposits to secure the performance of bids, trade contracts, governmental contracts and leases (other than Indebtedness for
borrowed money), statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature (including (i) those to secure health, safety and environmental obligations and (ii) letters of credit
and bank guarantees required or requested by any Governmental Authority in connection with any contract or Law) incurred in the ordinary course of business or consistent with past practice; 

(g) easements, rights-of-way, restrictions, encroachments, protrusions and other similar encumbrances and minor title defects
affecting Real Property that do not in the aggregate materially interfere with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries, taken as a whole; 

  
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 (h) Liens securing judgments for the payment of money not constituting an
Event of Default under Section 8.01(h); 
 (i) leases, licenses, subleases or sublicenses granted to others in the
ordinary course of business which do not (i) interfere in any material respect with the business of the Company and its Restricted Subsidiaries, taken as a whole or (ii) secure any Indebtedness; 

(j) Liens (i) in favor of customs and revenue authorities arising as a matter of Law to secure payment of customs duties
in connection with the importation of goods in the ordinary course of business or consistent with past practice and (ii) Liens on specific items of inventory or other goods and proceeds thereof of any Person securing such Person’s
obligations in respect of bankers’ acceptances or letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods in the ordinary course of business; 

(k) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course
of collection, (ii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course of business and (iii) in favor of a banking or other financial institution arising as a matter of Law or
under customary general terms and conditions encumbering deposits or other funds maintained with a financial institution (including the right of set-off) and that are within the general parameters customary in the banking industry or arising
pursuant to such banking institution’s general terms and conditions; 
 (l) Liens (i) on cash advances in favor of
the seller of any property to be acquired in an Investment permitted pursuant to Sections 7.02(i) and (n) or, to the extent related to any of the foregoing, Section 7.02(r) to be applied against the purchase price for such Investment, and
(ii) consisting of an agreement to Dispose of any property in a Disposition permitted under Section 7.05, in each case, solely to the extent such Investment or Disposition, as the case may be, would have been permitted on the date of the
creation of such Lien; 
 (m) Liens (i) in favor of the Company or a Restricted Subsidiary on assets of a Restricted
Subsidiary that is not a Loan Party securing permitted intercompany Indebtedness and (ii) in favor of the Company or any Subsidiary Guarantor; 

(n) any interest or title of a lessor, sublessor, licensor or sublicensor under leases, subleases, licenses or sublicenses
entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business; 
 (o) Liens arising
out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business permitted by this Agreement; 

(p) Liens deemed to exist in connection with Investments in repurchase agreements under Section 7.02; 

(q) Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity
trading accounts or other brokerage accounts incurred in the ordinary course of business or consistent with past practice and not for speculative purposes; 

  
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 (r) Liens that are contractual rights of set-off or rights of pledge
(i) relating to the establishment of depository relations with banks not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Company or any of its Restricted Subsidiaries to
permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company or any of its Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of
the Company or any of its Restricted Subsidiaries in the ordinary course of business or consistent with past practice; 
 (s)
Liens solely on any cash earnest money deposits made by the Company or any of its Restricted Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder; 

(t) ground leases in respect of Real Property on which facilities owned or leased by the Company or any of its Restricted
Subsidiaries are located; 
 (u) Liens to secure Indebtedness permitted under Section 7.03(e); provided that
(i) such Liens are created within 365 days of the acquisition, construction, repair, replacement, lease, expansion, development, installation, relocation, renewal, maintenance, upgrade or improvement of the property subject to such Liens,
(ii) such Liens do not at any time encumber property (except for replacements, additions and accessions to such property) other than the property financed by such Indebtedness and the proceeds and products thereof and customary security
deposits and (iii) with respect to Capitalized Leases, such Liens do not at any time extend to or cover any assets (except for replacements, additions and accessions to such assets) other than the assets subject to such Capitalized Leases and
the proceeds and products thereof and customary security deposits; provided that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment provided by such lender; 

(v) Liens on property (i) of any Subsidiary that is not a Loan Party and (ii) that does not constitute Collateral,
which Liens secure Indebtedness of the Company or any Restricted Subsidiary permitted under Section 7.03; 
 (w) Liens
existing on property at the time of its acquisition or existing on the property of any Person at the time such Person becomes a Restricted Subsidiary (other than by designation as a Restricted Subsidiary pursuant to Section 6.14), in each case
after the Closing Date (other than Liens on the Equity Interests of any Person that becomes a Restricted Subsidiary); provided that (i) such Lien was not created in contemplation of such acquisition or such Person becoming a Restricted
Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other than the proceeds or products thereof and other than after-acquired property subjected to a Lien securing Indebtedness and other obligations incurred
prior to such time and which Indebtedness and other obligations are permitted hereunder that require, pursuant to their terms at such time, a pledge of after-acquired property, it being understood that such requirement shall not be permitted to
apply to any property to which such requirement would not have applied but for such acquisition), and (iii) the Indebtedness secured thereby is permitted under Section 7.03(g); 

(x) (i) zoning, building, entitlement and other land use regulations by Governmental Authorities with which the normal
operation of the business complies, and (ii) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real property that does not materially interfere with the ordinary conduct
of the business of the Company and its Restricted Subsidiaries, taken as a whole; 
 (y) Liens arising from precautionary
Uniform Commercial Code financing statement or similar filings; 
 (z) Liens on insurance policies and the proceeds thereof
securing the financing of the premiums with respect thereto; 

  
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 (aa) the modification, replacement, renewal or extension of any Lien
permitted by clauses (u) and (w) of this Section 7.01; provided that (i) the Lien does not extend to any additional property, other than (A) after-acquired property that is affixed or incorporated into the property
covered by such Lien and (B) proceeds and products thereof, and (ii) the renewal, extension or refinancing of the obligations secured or benefited by such Liens is permitted by Section 7.03 (to the extent constituting Indebtedness);

 (bb) [Reserved]; 

(cc) Liens with respect to property or assets of the Company or any of its Restricted Subsidiaries securing obligations in an
aggregate principal amount outstanding at any time not to exceed the greater of (x) $280,000,000 and (y) 5.0% of Total Assets; 

(dd) Liens to secure Indebtedness permitted under Sections 7.03(q) or 7.03(s); provided that the representative of the
holders of each such Indebtedness becomes party to (i) if such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Obligations, the Junior Lien Intercreditor Agreement
as a “Senior Representative” (as defined in the Junior Lien Intercreditor Agreement) and the First Lien Intercreditor Agreement and (ii) if such Indebtedness is secured by the Collateral on a second priority (or other junior priority)
basis to the liens securing the Obligations, the Junior Lien Intercreditor Agreement as a “Second Priority Representative” (as defined in the Junior Intercreditor Agreement); 

(ee) Liens on the Collateral securing obligations in respect of Credit Agreement Refinancing Indebtedness constituting
Permitted First Priority Refinancing Debt or Permitted Second Priority Refinancing Debt (and any Permitted Refinancing of any of the foregoing); provided that (x) any such Liens securing any Permitted Refinancing in respect of such
Permitted First Priority Refinancing Debt are subject to the First Lien Intercreditor Agreement and (y) any such Liens securing any Permitted Refinancing in respect of such Permitted Second Priority Refinancing Debt are subject to the Junior
Lien Intercreditor Agreement; 
 (ff) Liens on specific items of inventory or other goods and the proceeds thereof securing
such Person’s obligations in respect of documentary letters of credit or banker’s acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or goods; 

(gg) deposits of cash with the owner or lessor of premises leased and operated by the Company or any of its Subsidiaries to
secure the performance of the Company’s or such Subsidiary’s obligations under the terms of the lease for such premises; 

(hh) Liens on the Securitization Assets arising in connection with a Qualified Securitization Financing; 

(ii) Liens with respect to property or assets of the Company and its Restricted Subsidiaries (including accounts receivable or
other revenue streams and other rights to payment and any other assets related thereto) in connection with a property manager’s obligations in respect of timeshare collection accounts, operating accounts and reserve accounts; 

(jj) Liens securing the Target Indebtedness and, so long as any such Liens are subject to the First Lien Intercreditor
Agreement, pari passu Liens on the Collateral for the Revolving Credit Loans (as defined in the Existing RCF Credit Agreement) and, in each case, any Permitted Refinancing thereof; 

(kk) any encumbrance or restriction (including put and call arrangements) with respect to Equity Interests of any joint venture
or similar arrangement pursuant to any joint venture or similar Agreement; 
 (ll) Liens on Equity Interests of an
Unrestricted Subsidiary that secure Indebtedness or other obligations of such Unrestricted Subsidiary; 

  
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 (mm) security given to a public utility or any municipality or governmental
authority when required by such utility or authority in connection with the operations of that Person in the ordinary course of business or consistent with past practice; and 

(nn) Liens on any funds or securities held in escrow accounts established for the purpose of holding proceeds from issuances of
debt securities by the Borrower or any of the Restricted Subsidiaries issued after the Closing Date, together with any additional funds required in order to fund any mandatory redemption or sinking fund payment on such debt securities within 360
days of their issuance; provided that such Liens do not extend to any assets other than such proceeds and such additional funds. 

Notwithstanding the foregoing, (i) no consensual Liens shall exist on Equity Interests that constitute Collateral other
than pursuant to clauses (a), (dd) and (ee) above, (ii) no Liens otherwise permitted under this Section 7.01 shall exist on Real Property other than Liens on Real Property not constituting inventory (as would be reflected on a balance
sheet prepared as of such date on a consolidated basis in accordance with GAAP) securing obligations in an aggregate amount outstanding at any time not to exceed the greater of (a) $25,000,000 and (b) 10% of the total gross book value
(including any applicable depreciation and amortization) of all Real Property not constituting inventory (as would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP) and (iii) no Liens
shall exist on any rights of any of the Parent, the Company or any Restricted Subsidiary under the License Agreement. 
 For
purposes of determining compliance with this Section 7.01, (A) Liens need not be incurred solely by reference to one category of Liens permitted by this Section 7.01 but are permitted to be incurred in part under any combination
thereof and of any other available exemption and (B) in the event that Lien (or any portion thereof) meets the criteria of one or more of the categories of Liens permitted by this Section 7.01, the Company may, in its sole discretion,
classify or reclassify such Lien (or any portion thereof) in any manner that complies with this provision. Any Liens in respect of the accrual of interest, the accretion of accreted value and the payment of interest in the form of additional
Indebtedness, in each case in respect of any Indebtedness, shall not be deemed to be an incurrence of a Lien in respect of such Indebtedness for purposes of this Section 7.01. 

SECTION 7.02 Investments. 

Neither the Company nor the Restricted Subsidiaries shall directly or indirectly, make any Investments, except: 

(a) Investments by the Company or any of its Restricted Subsidiaries in assets that were Cash Equivalents when such Investment
was made; 
 (b) loans or advances to future, present or former officers, directors, managers, employees, directors, members,
partners, independent contractors or consultants of any Loan Party (or any direct or indirect parent thereof) or any of its Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary
business purposes, (ii) in connection with such Person’s purchase of Equity Interests of Holdings or any direct or indirect parent thereof directly from such issuing entity (provided that the amount of such loans and advances shall
be contributed to the Company in cash as common equity) and (iii) for any other purposes not described in the foregoing clauses (i) and (ii); provided that the aggregate principal amount outstanding at any time under clause
(iii) above shall not exceed $37,500,000; 
 (c) Investments by the Company or any of its Restricted Subsidiaries in the
Company or any of its Restricted Subsidiaries or any Person that will, upon such Investment become a Restricted Subsidiary; provided that any Investment made by any Person that is not a Loan Party in any Loan Party pursuant to this clause
(c) shall be subordinated in right of payment to the Loans; 

  
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 (d) Investments consisting of extensions of credit in the nature of accounts
receivable or notes receivable arising from the grant of trade credit in the ordinary course of business or consistent with past practice, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account
debtors and other credits to suppliers in the ordinary course of business; 
 (e) Investments (excluding loans and advances
made in lieu of Restricted Payments pursuant to and limited by Section 7.02(m) below) consisting of transactions permitted under Sections 7.01, 7.03 (other than 7.03(c) and (d)), 7.04 (other than 7.04(c), (d) and (e)), 7.05 (other than
7.05(d)(ii) or 7.05(e)), 7.06 (other than 7.06(e) and (i)(iv)) and 7.13, respectively; 
 (f) Investments (i) existing
or contemplated on the Closing Date and set forth on Schedule 7.02(f) and any modification, replacement, renewal, reinvestment or extension thereof and (ii) existing on the Closing Date by the Company or any Restricted Subsidiary in the Company
or any other Restricted Subsidiary and any modification, renewal or extension thereof; provided that the amount of the original Investment is not increased except by the terms of such Investment as of the Closing Date or as otherwise
permitted by this Section 7.02; 
 (g) Investments in Swap Contracts permitted under Section 7.03; 

(h) promissory notes and other non-cash consideration received in connection with Dispositions permitted by Section 7.05;

 (i) any acquisition of all or substantially all the assets of a Person, or any Equity Interests in a Person that becomes a
Restricted Subsidiary or a division or line of business of a Person (or any subsequent Investment made in a Person, division or line of business previously acquired in a Permitted Acquisition), in a single transaction or series of related
transactions, if immediately after giving effect thereto: (i) any acquired or newly formed Restricted Subsidiary shall not be liable for any Indebtedness except for Indebtedness otherwise permitted by Section 7.03; and (ii) to the
extent required by the Collateral and Guarantee Requirement, (A) the property, assets and businesses acquired in such purchase or other acquisition shall constitute Collateral and (B) any such newly created or acquired Subsidiary (other
than an Excluded Subsidiary, Securitization Subsidiary or an Unrestricted Subsidiary) shall become a Guarantor, in each case, in accordance with Section 6.11 (any such acquisition, a “Permitted Acquisition”); 

(j) Investments in the form of (A) Timeshare Loans generated in the ordinary course of business, (B) construction
loans to developers of properties in the ordinary course of business or otherwise in connection with vacation ownership interval transactions, and (C) (i) purchases of vacation ownership intervals for inventory or resale, the purchase or
payment for use of land or property for, the conversion of properties to, or the development of, expansion of or enhancement of, vacation ownership intervals and any Investments reasonably related, complementary, synergistic or ancillary thereto, in
each case by the Company and its Restricted Subsidiaries and (ii) so long as, at the time of making of any Investment, the Consolidated Total Net Leverage Ratio calculated on a Pro Forma Basis is less than or equal to the Applicable
Consolidated Total Net Leverage Ratio Level, Investments in the Company or any Restricted Subsidiary, any Person becoming a Restricted Subsidiary as a result of such Investment and joint ventures, in each case, made in connection with the
Investments described in clause (j)(C)(i) above; 
 (k) Investments in the ordinary course of business consisting of UCC
Article 3 endorsements for collection or deposit and UCC Article 4 customary trade arrangements with customers consistent with past practices; 

(l) Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization
of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers arising in the ordinary course of business or consistent with past practice or upon the foreclosure with respect to any secured
Investment or other transfer of title with respect to any secured Investment; 

  
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 (m) loans and advances to the Company and any other direct or indirect
parent of the Company, and not in excess of the amount of (after giving effect to any other loans, advances or Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be made to such parent in accordance with Sections
7.06(g), (h) or (i); 
 (n) other Investments in an aggregate amount outstanding pursuant to this clause
(n) (valued at the time of the making thereof, and without giving effect to any write downs or write offs thereof) at any time of making of any Investment not to exceed the sum of (i) the greater of (a) $280,000,000 and (b) 5.0%
of Total Assets plus (ii) the Cumulative Credit on such date; 
 (o) advances of payroll payments to employees in
the ordinary course of business or consistent with past practice; 
 (p) Investments to the extent that payment for such
Investments is made solely with Equity Interests (other than Disqualified Equity Interests) of the Company (or any direct or indirect parent of the Company); 

(q) Investments of a Restricted Subsidiary acquired after the Closing Date or of a Person merged or amalgamated or consolidated
into the Company or merged, amalgamated or consolidated with a Restricted Subsidiary in accordance with Section 7.04 after the Closing Date to the extent that such Investments were not made in contemplation of or in connection with such
acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger or consolidation; 

(r) Investments made by any Restricted Subsidiary that is not a Loan Party to the extent such Investments are financed with the
proceeds received by such Restricted Subsidiary from an Investment in such Restricted Subsidiary permitted under Section 7.02(n); 

(s) Investments constituting the non-cash portion of consideration received in a Disposition permitted by Section 7.05;

 (t) Guarantees by the Company or any of its Restricted Subsidiaries of leases (other than Capitalized Leases) or of other
obligations that do not constitute Indebtedness, in each case entered into in the ordinary course of business or consistent with past practice; 

(u) (i) Investments in or relating to a Securitization Subsidiary, or by a Securitization Subsidiary in any other Person
that, in each case, in the good faith determination of the Company are necessary or advisable to effect any Qualified Securitization Financing (including any distribution or contribution of replacement or substitute assets to such subsidiary) or any
repurchase obligation in connection therewith, (ii) any Investment of funds held in accounts permitted or required by arrangements governing a Qualified Securitization Financing or any related Indebtedness, distributions or payments of
Securitization Fees and purchases of Securitization Assets in connection with a Qualified Securitization Financing, (iii) any Investment of Securitization Assets by a Restricted Subsidiary in an entity which is not a Restricted Subsidiary to
which such Restricted Subsidiary sells Securitization Assets pursuant to a Qualified Securitization Financing, (iv) any Investment in connection with a mandatory or voluntary repayment in full and termination of a Qualified Securitization
Financing prior to its stated maturity or as a result of the exercise of an optional clean-up call pursuant to the terms thereof or (v) any Investment in connection with the redemption, retirement, defeasance or acquisition of any securities
issued in connection with a Qualified Securitization Financing pursuant to the terms thereof; 

  
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 (v) Investments in Unrestricted Subsidiaries having an aggregate fair market
value, taken together with all other Investments made pursuant to this clause (v) that are at the time outstanding as of the making of such Investment, without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds
of such sale do not consist of cash or marketable securities (until such proceeds are converted to Cash Equivalents), not to exceed the greater of $280,000,000 and 5.0% of Total Assets at the time of such Investment; provided that any
Investment made by any Loan Party pursuant to this clause (v) shall be subordinated in right of payment to the Loans; 

(w) Investments in or relating to the transactions contemplated under the Odawara P&S Agreement; 

(x) (i) Permitted Intercompany Activities and related transactions and (ii) the consummation of the Transactions;

 (y) Investments in joint ventures of the Company or any of its Restricted Subsidiaries existing on the Closing Date; 

(z) Investments in joint ventures of the Company or any of its Restricted Subsidiaries following the Closing Date, taken
together with all other Investments made pursuant to this clause (z) that are at that time outstanding, not to exceed the greater of (a) $280,000,000 and (b) 5.00% of Total Assets (in each case, determined on the date such Investment
is made); 
 (aa) Investments that are made in an amount equal to the amount of Excluded Contributions previously received
(less any Restricted Payments made pursuant to Section 7.06(p)); 
 (bb) any Investment in a Similar Business when taken
together with all other Investments made pursuant to this clause (bb) that are at that time outstanding not to exceed the greater of (a) $280,000,000 and (b) 5.00% of Total Assets (in each case, determined on the date such Investment is
made, with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (bb) is made in any Person that
is not the Borrower or a Restricted Subsidiary of the Borrower at the date of the making of such Investment and such Person becomes a Restricted Subsidiary after such date, such investment shall thereafter be deemed to have been made pursuant to
clause (c) above and shall cease to have been made pursuant to this clause (bb); 
 (cc) the Company and its Restricted
Subsidiaries may make Investments in an unlimited amount so long as at the time of making of any Investment the Consolidated Total Net Leverage Ratio calculated on a Pro Forma Basis is less than or equal to the Applicable Consolidated Total Net
Leverage Ratio Level; 
 (dd) earnest money deposits required in connection with Permitted Acquisitions (or similar
Investments); and 
 (ee) contributions to a “rabbi” trust for the benefit of employees or other grantor trusts
subject to claims of creditors in the case of bankruptcy of the Borrower. 
 For purposes of determining compliance with
this Section 7.02, in the event that an item of Investment meets the criteria of more than one of the categories of Investments described above, the Company may, in its sole discretion, classify or later divide, classify or reclassify all or a
portion of such item of Investment or any portion thereof in a manner that complies with this Section 7.02 and will only be required to include the amount and type of such Investment in one or more of the above clauses. 

  
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 SECTION 7.03 Indebtedness. 

Neither the Company nor any of the Restricted Subsidiaries shall directly or indirectly, create, incur, assume or suffer to
exist any Indebtedness, except: 
 (a) Indebtedness of any Loan Party under (i) the Loan Documents, (ii) the
Existing RCF Credit Agreement in an aggregate principal amount not to exceed the principal amount permitted to be incurred pursuant to the terms of the Existing RCF Credit Agreement as in effect on the Closing Date and, in the case of this clause
(ii), any Permitted Refinancing thereof; 
 (b) (i) Indebtedness outstanding on the Closing Date and, with respect any
such Indebtedness in an aggregate principal amount in excess of $15,000,000, listed on Schedule 7.03(b) and any Permitted Refinancing thereof and (ii) Indebtedness owed to the Company or any Restricted Subsidiary outstanding on the Closing Date
and any refinancing thereof with Indebtedness owed to the Company or any Restricted Subsidiary in a principal amount that does not exceed the principal amount (or accreted value, if applicable) of the intercompany Indebtedness so refinanced;
provided that (x) any amount owed by a Restricted Subsidiary that is not a Loan Party to a Loan Party shall be evidenced by an Intercompany Note and (y) all such Indebtedness of any Loan Party owed to any Person or Restricted Subsidiary
that is not a Loan Party shall be unsecured and subordinated to the Obligations pursuant to an Intercompany Note; 
 (c)
Guarantees by the Company and any Restricted Subsidiary in respect of Indebtedness of the Company or any Restricted Subsidiary of the Company otherwise permitted hereunder; provided that (A) no Guarantee of any Senior Unsecured Notes or
any Indebtedness constituting Junior Financing shall be permitted unless such guaranteeing party shall have also provided a Guarantee of the Obligations on the terms set forth herein and (B) if the Indebtedness being Guaranteed is subordinated
to the Obligations, such Guarantee shall be subordinated to the Guarantee of the Obligations on terms at least as favorable to the Lenders as those contained in the subordination of such Indebtedness; 

(d) Indebtedness of the Company or any Restricted Subsidiary owing to the Company or any Restricted Subsidiary (or issued or
transferred to any direct or indirect parent of a Loan Party which is substantially contemporaneously transferred to a Loan Party or any Restricted Subsidiary of a Loan Party) to the extent constituting an Investment permitted by Section 7.02;
provided that all such Indebtedness of any Loan Party owed to any Person or Restricted Subsidiary that is not a Loan Party shall be evidenced by an Intercompany Note and any such Indebtedness owing to a Restricted Subsidiary that is not a
Loan Party is subordinated in right of payment to the Loans (for the avoidance of doubt, any such Indebtedness owing to a Restricted Subsidiary that is not a Loan Party shall be deemed to be expressly subordinated in right of payment to the Loans
unless the terms of such Indebtedness expressly provide otherwise); 
 (e) (i) Attributable Indebtedness and other
Indebtedness (including Capitalized Leases) financing an acquisition, construction, repair, replacement, lease, expansion, development, installation, relocation, renewal, maintenance, upgrade or improvement of a fixed or capital asset incurred by
the Company or any Restricted Subsidiary prior to or within 365 days after the acquisition, construction, repair, replacement, lease, expansion, development, installation, relocation, renewal, maintenance, upgrade or improvement of the applicable
asset in an aggregate amount not to exceed the greater of (a) $335,000,000 and (b) 6.0% of Total Assets, in each case determined at the time of incurrence (together with any Permitted Refinancings thereof) at any time outstanding,
(ii) Attributable Indebtedness arising out of sale-leaseback transactions permitted by Section 7.05(m) and (iii) any Permitted Refinancing of any of the foregoing; 

(f) Indebtedness in respect of Swap Contracts designed to hedge against the Company’s or any Restricted Subsidiary’s
exposure to interest rates, foreign exchange rates or commodities pricing risks incurred in the ordinary course of business and not for speculative purposes; 

  
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 (g) Indebtedness of the Company or any Restricted Subsidiary assumed in
connection with any Permitted Acquisition so long as such Indebtedness is not incurred in contemplation of such Permitted Acquisition, and any Permitted Refinancing thereof; provided that after giving pro forma effect to such Permitted
Acquisition and the assumption of such Indebtedness, the aggregate amount of such Indebtedness does not exceed (x) the greater of (i) $75,000,000 and (ii) 1.5% of Total Assets at any time outstanding plus (y) any additional
amount of such Indebtedness so long (i) if such Indebtedness is secured on a junior basis to the Facilities, the Consolidated Total Net Leverage Ratio determined on a Pro Forma Basis is no greater than the Applicable Consolidated Total Net
Leverage Ratio Level (or if such Indebtedness is assumed in connection with a Permitted Acquisition or other similar Investment not prohibited by this Agreement, no greater than the greater of (1) the Applicable Consolidated Total Net Leverage
Ratio Level and (2) the Consolidated Total Net Leverage Ratio immediately prior to the consummation of such Permitted Acquisition or Investment); (ii) if such Indebtedness is secured on a pari passu basis with the Facilities, the
Consolidated First Lien Net Leverage Ratio determined on a Pro Forma Basis is no greater than the Applicable Consolidated First Lien Net Leverage Ratio Level (or if such Indebtedness is assumed in connection with a Permitted Acquisition or other
similar Investment not prohibited by this Agreement, no greater than the greater of (1) the Applicable Consolidated First Lien Net Leverage Ratio Level and (2) the Consolidated First Lien Net Leverage Ratio immediately prior to the
consummation of such Permitted Acquisition or Investment); or (iii) if such Indebtedness is unsecured, the Company and its Restricted Subsidiaries are in compliance with either (I) a Consolidated Interest Coverage Ratio no less than either
(A) 2.00 to 1.00 or (B) in the case of any such Indebtedness being assumed in connection with a Permitted Acquisition or other similar Investment not prohibited by this Agreement, the Consolidated Interest Coverage Ratio immediately prior
to the incurrence of such Indebtedness and consummation of such Permitted Acquisition or investment or (II) a Consolidated Total Net Leverage Ratio no greater than either (A) 4.00 to 1.00 or (B) in the case of any such Indebtedness being
assumed in connection with a Permitted Acquisition or other similar investment not prohibited by this Agreement, the Consolidated Total Net Leverage Ratio immediately prior to the incurrence of such Indebtedness and consummation of such Permitted
Acquisition or Investment, determined, in each case, on a Pro Forma Basis as of the date of incurrence of such Indebtedness; provided that any such Indebtedness incurred by a Restricted Subsidiary that is not a Loan Party, together with any
Indebtedness incurred by a Restricted Subsidiary that is not a Loan Party pursuant to Sections 7.03(q), 7.03(s) or 7.03(w), does not exceed in the aggregate at any time outstanding the greater of (A) $240,000,000 and (B) 4.25% of Total
Assets; 
 (h) Indebtedness representing deferred compensation or similar arrangements (i) to any future, present or
former employees, directors, officers, managers, members, partners, independent contractors or consultants of the Company (or any direct or indirect parent thereof) or any of its Restricted Subsidiaries incurred in the ordinary course of business or
consistent with past practice or (ii) incurred in connection with any Investment, acquisition (by merger, consolidation, amalgamation or otherwise) or other transaction; 

(i) Indebtedness consisting of promissory notes issued by the Company or any of its Restricted Subsidiaries to future, current
or former officers, managers, members, independent contractors, consultants, directors and employees, their respective estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of the Company or any direct or
indirect parent of the Company permitted by Section 7.06; 
 (j) Indebtedness incurred by the Company or any of its
Restricted Subsidiaries in a Permitted Acquisition, any other Investment expressly permitted hereunder or any Disposition, in each case, constituting indemnification obligations or obligations in respect of purchase price (including earn-outs) or
other similar adjustments, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purposes of financing such acquisition; provided, that such Indebtedness is
not reflected on the balance sheet of the Company or any of its Restricted Subsidiaries (contingent obligations referred to in a footnote to financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected on
such balance sheet for purposes of this clause (j)); 

  
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 (k) Indebtedness consisting of obligations of the Company or any of its
Restricted Subsidiaries under deferred compensation, deferred purchase price, earn-outs or other similar arrangements incurred by such Person in connection with Permitted Acquisitions or any other Investment expressly permitted hereunder; 

(l) obligations in respect of Treasury Services Agreements and other Indebtedness in respect of netting services, automatic
clearinghouse arrangements, overdraft protections and similar arrangements in each case in connection with deposit accounts; 

(m) Indebtedness of the Company or any of its Restricted Subsidiaries, in an aggregate principal amount that at the time of,
and after giving effect to, the incurrence thereof, would not exceed (x) the greater of (a) $420,000,000 and (b) 7.25% of Total Assets at any time outstanding plus (y) 200% of the cumulative amount of the net cash proceeds and
Cash Equivalent proceeds from the sale of Equity Interests (other than Excluded Contributions, proceeds of Disqualified Equity Interests or sales of Equity Interests to the Company or any of its Subsidiaries) of the Company or any direct or indirect
parent of the Company after the Closing Date and on or prior to such time (including upon exercise of warrants or options) which proceeds have been contributed as common equity to the capital of the Company that has not been applied to incur debt
pursuant to this clause (m)(y), to make Restricted Payments pursuant to Section 7.06 (other than pursuant to Section 7.06(h)), to make Investments pursuant to clause 7.02(n), (v), (w), (y) or (z) or to make prepayments of
subordinated indebtedness pursuant to Section 7.13 (other than 7.13(a)(iv)); 
 (n) Indebtedness consisting of
(i) the financing of insurance premiums or (ii) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business or consistent with past practice; 

(o) Indebtedness incurred by the Company or any of its Restricted Subsidiaries in respect of letters of credit, bank
guarantees, bankers’ acceptances, warehouse receipts or similar instruments issued or created, or relating to obligations or liabilities incurred, in the ordinary course of business or consistent with past practice, including in respect of
workers’ compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers compensation
claims; provided that any reimbursement obligations in respect thereof are reimbursed within 30 days following the incurrence thereof; 

(p) obligations in respect of self-insurance and obligations in respect of stays, customs, performance, bid, indemnity, appeal,
judgment and other similar bonds or instruments and performance, bankers’ acceptance and completion guarantees and similar obligations provided by the Company or any of its Restricted Subsidiaries or obligations in respect of letters of credit,
bank guarantees or similar instruments related thereto, in each case in the ordinary course of business or consistent with past practice; 
  

  
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 (q) so long as no Event of Default has occurred and is continuing or would
result therefrom (or if the proceeds of such Indebtedness are being used to finance a Permitted Acquisition or other similar Investment not prohibited by this Agreement, no Event of Default under Sections 8.01(a) or (f) has occurred and is
continuing), Indebtedness incurred on (x) a pari passu basis with the Facilities or (y) junior to the Facilities in an aggregate principal amount, when aggregated with the amount of Incremental Term Loans and Incremental Revolving
Credit Commitments pursuant to Section 2.14(d)(v)(A) and the amount of Incremental Revolving Credit Commitments (as defined in the Existing RCF Credit Agreement) incurred on or after the Closing Date pursuant to Section 2.14(d)(v)(A) of
the Existing RCF Credit Agreement, not to exceed the greater or (x) $625,000,000 and (y) 100% of LTM Consolidated EBITDA; provided that such Indebtedness shall (A) in the case of clause (x) above, have a maturity date that
is after the Latest Maturity Date at the time such Indebtedness is incurred, and in the case of clause (y) above, have a maturity date that is at least ninety-one (91) days after the Latest Maturity Date at the time such Indebtedness is
incurred, (B) in the case of clause (x) above, have a Weighted Average Life to Maturity not shorter than the longest remaining Weighted Average Life to Maturity of the Facilities and, in the case of clause (y) above, shall not be
subject to scheduled amortization prior to maturity, (C) if such Indebtedness is incurred or guaranteed on a secured basis by a Loan Party subject to the First Lien Intercreditor Agreement and/or the Junior Lien Intercreditor Agreement, as
applicable, and (D) have terms and conditions (other than pricing, rate floors, discounts, fees, premiums and optional prepayment or redemption provisions) that in the good faith determination of the Company are not materially less favorable
(when taken as a whole) to the Company than the terms and conditions of the Loan Documents (when taken as a whole) (provided that a certificate of the Company as to the satisfaction of the conditions described in this clause
(D) delivered at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of documentation relating
thereto, stating that the Company has determined in good faith that such terms and conditions satisfy the foregoing requirements of this clause (D), shall be conclusive unless the Administrative Agent notifies the Company within such five
(5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)); provided, further, that any such Indebtedness incurred by a Restricted Subsidiary that is not a
Loan Party, together with any Indebtedness incurred by a Restricted Subsidiary that is not a Loan Party pursuant to Sections 7.03(g), 7.03(s) or 7.03(w), does not exceed in the aggregate at any time outstanding the greater of
(1) $240,000,000 and (2) 4.25% of Total Assets; 
 (r) Indebtedness supported by a Letter of Credit (as defined in
the Existing RCF Credit Agreement), in a principal amount not to exceed the face amount of such Letter of Credit (as defined in the Existing RCF Credit Agreement); 

(s) Permitted Ratio Debt and any Permitted Refinancing thereof; 

(t) Credit Agreement Refinancing Indebtedness; 

(u) Indebtedness attributable to (but not incurred to finance) the exercise of appraisal rights and the settlement of any
claims or actions (whether actual, contingent or potential) with respect thereto; 
 (v) Indebtedness incurred by a Foreign
Subsidiary which, when aggregated with the principal amount of all other Indebtedness incurred pursuant to this clause (v) and then outstanding, does not exceed the greater of (1) $50,000,000 and (2) 10.0% of Foreign Subsidiary Total
Assets; 
 (w) unsecured Indebtedness of the Company or any Restricted Subsidiary, so long as the Company and its Restricted
Subsidiaries are in compliance with either (I) a Consolidated Interest Coverage Ratio no less than either (A) 2.00 to 1.00 or (B) in the case of any such Indebtedness incurred in connection with a Permitted Acquisition or other
similar Investment not prohibited by this Agreement, the Consolidated Interest Coverage Ratio immediately prior to the incurrence of such Indebtedness and consummation of such Permitted Acquisition or Investment or (II) a Consolidated Total Net
Leverage Ratio no greater than either (A) 4.00 to 1.00 or (B) in the case of any such Indebtedness incurred in connection with a Permitted Acquisition or other similar Investment not prohibited by this Agreement, the Consolidated Total Net
Leverage Ratio immediately prior to the incurrence of such Indebtedness and consummation of such Permitted Acquisition or Investment, determined, in each case, on a Pro Forma Basis as of the date of incurrence of such Indebtedness; and without
duplication, Permitted Refinancings of such Indebtedness; provided that any such Indebtedness incurred by a Restricted Subsidiary that is not a Loan Party, together with any Indebtedness incurred by a Restricted Subsidiary that is not a Loan
Party pursuant to Sections 7.03(g), 7.03(q) or 7.03(s), does not exceed in the aggregate at any time outstanding the greater of (A) $240,000,000 and (B) 4.25% of Total Assets; provided, further, that if the Company has
made a Qualified Acquisition Election, solely with respect to the fiscal quarter in which such Qualified Acquisition is consummated and each of the next succeeding three (3) fiscal quarters, the Consolidated Total Net Leverage Ratio Level for
the purposes of clause (II)(A) (but not, for the avoidance of doubt, clause (II)(B)) of this definition shall be increased by 0.50:1.00; 

  
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 (x) Indebtedness arising from Permitted Intercompany Activities; 

(y) Indebtedness consisting of (i) the Target Indebtedness, (ii) the Closing Date Senior Unsecured Bridge Loans and
the Closing Date Senior Unsecured Notes (in the case of this clause (ii), in an aggregate principal amount not to exceed the sum of (A) $675,000,000 plus (B) an amount equal to any original issue discount or upfront fees payable in
connection therewith that is funded as debt) and (iii) in each case, any Permitted Refinancing thereof; and 
 (z) all
premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent interest on obligations described in clauses (a) through (y) above. 

For purposes of determining compliance with this Section 7.03, in the event that an item of Indebtedness meets the
criteria of more than one of the categories of Indebtedness described in clauses (a) through (y) above, the Company shall, in its sole discretion, classify or later divide or classify such item of Indebtedness (or any portion thereof) and
will only be required to include the amount and type of such Indebtedness in one or more of the above clauses; provided that all Indebtedness outstanding under (i) the Loan Documents, the Existing RCF Credit Agreement and, in each case,
any Permitted Refinancing thereof, will at all times be deemed to be outstanding in reliance only on the exception in Section 7.03(a) and (ii) the Target Indebtedness, the Closing Date Senior Unsecured Bridge Loans and the Closing Date
Senior Unsecured Notes and, in each case, any Permitted Refinancing thereof, will at all times be deemed to be outstanding in reliance only on the exception in Section 7.03(y). The accrual of interest, the accretion of accreted value and the
payment of interest in the form of additional Indebtedness shall not be deemed to be an incurrence of Indebtedness for purposes of this Section 7.03. 

SECTION 7.04 Fundamental Changes. 

Neither the Company nor any of the Restricted Subsidiaries shall merge, dissolve, liquidate, consolidate with or into another
Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person (including, in each case, pursuant to a Division), except
that: 
 (a) any Restricted Subsidiary may merge, amalgamate or consolidate with (i) the Company (including a merger,
the purpose of which is to reorganize the Company into a new jurisdiction); provided that the Company shall be the continuing or surviving Person and such merger does not result in the Company ceasing to be a corporation, partnership or
limited liability company organized under the Laws of the United States, any state thereof or the District of Columbia or (ii) one or more other Restricted Subsidiaries; provided that when any Person that is a Loan Party is merging with
a Restricted Subsidiary, a Loan Party shall be the continuing or surviving Person; 
 (b) (i) any Subsidiary that is not
a Loan Party may merge, amalgamate or consolidate with or into any other Subsidiary that is not a Loan Party and (ii) any Subsidiary may liquidate or dissolve or the Company or any Subsidiary may change its legal form (x) if the Company
determines in good faith that such action is in the best interest of the Company and its Subsidiaries and if not materially disadvantageous to the Lenders and (y) to the extent such Restricted Subsidiary is a Loan Party, any assets or business
not otherwise disposed of or transferred in accordance with Sections 7.02 (other than 7.02(e)) or 7.05 or, in the case of any such business, discontinued, shall be transferred to otherwise owned or conducted by another Loan Party after giving effect
to such liquidation or dissolution (it being understood that in the case of any change in legal form, a Subsidiary that is a Guarantor will remain a Guarantor unless such Guarantor is otherwise permitted to cease being a Guarantor hereunder); 

  
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 (c) any Restricted Subsidiary may Dispose of all or substantially all of its
assets (upon voluntary liquidation or otherwise) to the Company or to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Guarantor, then (i) the transferee must be a Guarantor or the Company or
(ii) to the extent constituting an Investment, such Investment must be a permitted Investment in or Indebtedness of a Restricted Subsidiary that is not a Loan Party in accordance with Sections 7.02 and 7.03, respectively; and 

(d) so long as no Default exists or would result therefrom, the Company may merge or consolidate with any other Person;
provided that (i) the Company shall be the continuing or surviving corporation or (ii) if the Person formed by or surviving any such merger or consolidation is not the Company (any such Person, the “Successor
Company”), (A) the Successor Company shall be an entity organized or existing under the Laws of the United States, any state thereof, the District of Columbia or any territory thereof, (B) the Successor Company shall expressly
assume all the obligations of the Company under this Agreement and the other Loan Documents to which the Company is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent, (C) each
Guarantor, unless it is the other party to such merger or consolidation, shall have confirmed that its Guaranty shall apply to the Successor Company’s obligations under the Loan Documents, (D) each Guarantor, unless it is the other party
to such merger or consolidation, shall have by a supplement to the Security Agreement and other applicable Collateral Documents confirmed that its obligations thereunder shall apply to the Successor Company’s obligations under the Loan
Documents, and (E) the Company shall have delivered to the Administrative Agent an officer’s certificate and an opinion of counsel, each stating that such merger or consolidation and such supplement to this Agreement or any Collateral
Document preserves the enforceability of this Agreement, the Guaranty and the Collateral Documents and the perfection of the Liens under the Collateral Documents; provided, further, that if the foregoing are satisfied, the Successor
Company will succeed to, and be substituted for, the Company under this Agreement; and 
 (e) so long as no Default exists or
would result therefrom (in the case of a merger involving a Loan Party), any Restricted Subsidiary may merge or consolidate with any other Person in order to effect an Investment permitted pursuant to Section 7.02; provided that the
continuing or surviving Person shall be a Restricted Subsidiary or the Company, which together with each of its Restricted Subsidiaries, shall have complied with the requirements of Section 6.11 to the extent required pursuant to the Collateral
and Guarantee Requirement; 
 (f) so long as no Default exists or would result therefrom, a merger, dissolution, liquidation,
consolidation or Disposition, the purpose of which is to effect a Disposition permitted pursuant to Section 7.05; and 

(g) the Company and its Subsidiaries may consummate Permitted Intercompany Activities and related transactions. 

SECTION 7.05 Dispositions. 

Neither the Company nor any of the Restricted Subsidiaries shall, directly or indirectly, make any Disposition, except: 

(a) (i) Dispositions of obsolete, non-core, surplus, damaged, unnecessary, unsuitable or worn out equipment, inventory or
other property or any disposition of inventory, goods or other assets (including timeshare and residential assets) held for sale or no longer used or useful, or economically practical to maintain in the conduct of the business of the Company or any
of its Restricted Subsidiaries and (ii) write-off or write-down of any unrecoupable loans or advances made to timeshare owners in the ordinary course of business or consistent with past practice; 

  
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 (b) Dispositions of vacation ownership intervals or other inventory (whether
developed, “just-in-time” or fee-for service) or goods (or other assets, including timeshare and residential assets, furniture and equipment) held for sale and immaterial assets (including allowing any registrations or any applications for
registration of any immaterial intellectual property to lapse or go abandoned in the ordinary course of business), in each case, in the ordinary course of business or consistent with past practice or industry practice; 

(c) Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of
similar replacement property or (ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property; 

(d) Dispositions of property to the Company or any Restricted Subsidiary; provided that if the transferor of such
property is a Loan Party, (i) the transferee thereof must be a Loan Party or (ii) if such transaction constitutes an Investment, such transaction is permitted under Section 7.02; 

(e) to the extent constituting Dispositions, transactions permitted by Sections 7.01, 7.02 (other than Section 7.02(e)),
7.04 (other than Section 7.04(f)) and 7.06; 
 (f) Dispositions of land or other real property, whether vacant, unused
or improved, in each case in the ordinary course of business or consistent with past practice or industry practice or otherwise in connection with a vacation ownership interval transaction; 

(g) Dispositions of Cash Equivalents; 

(h) (i) leases, subleases, licenses or sublicenses (including the provision of software under an open source license), in
each case in the ordinary course of business and which do not materially interfere with the business of the Company or any of its Restricted Subsidiaries and (ii) Dispositions of intellectual property that do not materially interfere with the
business of the Company or any of its Restricted Subsidiaries so long as the Company or any of its Restricted Subsidiaries receives a license or other ownership rights to use such intellectual property; 

(i) transfers of property subject to Casualty Events upon receipt of the Net Proceeds of such Casualty Event; 

(j) Dispositions of property; provided that (i) at the time of such Disposition (other than any such Disposition
made pursuant to a legally binding commitment entered into at a time when no Default exists), no Default shall exist or would result from such Disposition and (ii) with respect to any Disposition pursuant to this clause (j) for a purchase
price in excess of the greater of (x) $75,000,000 and (y) 1.5% of Total Assets, the Company or any of its Restricted Subsidiaries shall receive not less than 75% of such consideration in the form of cash or Cash Equivalents (in each case,
free and clear of all Liens at the time received, other than nonconsensual Liens permitted by Section 7.01 and Liens permitted by Sections 7.01(a), (f), (k), (p), (q), (r)(i), (r)(ii), (dd) (only to the extent the Obligations are secured by
such cash and Cash Equivalents) and (ee) (only to the extent the Obligations are secured by such cash and Cash Equivalents); provided, however, that for the purposes of this clause (j)(ii), the following shall be deemed to be cash:
(A) the greater of the principal amount and the carrying value of any liabilities (as reflected on the Company’s (or the Restricted Subsidiaries’, as applicable) most recent consolidated balance sheet provided hereunder or in the
footnotes thereto) of Holdings or such Restricted Subsidiary, other than liabilities that are by their terms subordinated to the payment in cash of the Obligations (other than intercompany liabilities owing to a Restricted Subsidiary being disposed
of), that are assumed by the transferee (or a third party in connection with such transfer) with respect to the applicable Disposition and for which the Company and all of its Restricted Subsidiaries shall have been validly released by all
applicable creditors in writing (or otherwise cancelled or terminated in connection with the transaction), (B) any securities received by the Company or the applicable Restricted Subsidiary from such transferee that are converted or reasonably
expected by the Company acting in good faith to be converted by the Company or such Restricted Subsidiary into cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received or expected to be received) within 180 days following the
closing of the applicable Disposition, and (C) aggregate non-cash consideration received by the Company or the applicable Restricted Subsidiary having an aggregate fair market value (determined as of the closing of the applicable Disposition
for which such non-cash consideration is received) not to exceed the greater of (a) $280,000,000 and (b) 5.0% of Total Assets at any time (net of any non-cash consideration converted into cash and Cash Equivalents); 

  
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 (k) Dispositions (including by capital contribution or distribution),
discounts, pledges, transfers, sales or repurchases of accounts receivable, or participations therein, or Securitization Assets or related assets, all or substantially all of the assets of which are Securitization Assets or any disposition, sale or
repurchase of the Equity Interests in, or securities of, a Securitization Subsidiary, in each case in connection with any Qualified Securitization Financing or the disposition, sale or repurchase of an account receivable, participation therein, or
Securitization Assets in connection with the collection or compromise thereof; 
 (l) Dispositions or discounts without
recourse of accounts receivable in connection with the compromise or collection thereof in the ordinary course of business; 

(m) Dispositions of property pursuant to sale-leaseback transactions; provided that the fair market value of all
property so Disposed of after the Closing Date shall not exceed the greater of (x) $100,000,000 and (y) 2.0% of Total Assets; 

(n) any swap of assets in exchange for services or other assets of comparable or greater value or usefulness to the business of
the Company and its Subsidiaries as a whole, as determined in good faith by the management of the Company; 
 (o) any
issuance, disposition or sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary (or a Restricted Subsidiary which owns an Unrestricted Subsidiary so long as such Restricted Subsidiary owns no assets other
than the Equity Interests of such an Unrestricted Subsidiary) and; 
 (p) the unwinding of any Swap Contract pursuant to its
terms; 
 (q) Dispositions of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell
arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(r) the lapse or abandonment in the ordinary course of business of any registrations or applications for registration of any
immaterial IP Rights; 
 (s) Permitted Intercompany Activities and related transactions; 

(t) any reorganizations and other transactions entered into among the Company and its Subsidiaries in connection with the
Transactions so long as such reorganizations and other transactions do not materially impair the value of the Collateral or the Guarantees, taken as a whole; 

  
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 (u) Dispositions of assets (i) acquired pursuant to or in order to
effectuate a Permitted Acquisition which assets are not used or useful to the core or principal business of the Borrower and the Restricted Subsidiaries or (ii) that are made in connection with the approval of any applicable antitrust authority
or otherwise necessary or advisable in the good faith determination of the Borrower to consummate any acquisition; 
 (v) any
surrender or waiver of contract rights or the settlement, release or surrender of contract rights or other litigation claims, in each case, in the ordinary course of business; and 

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

 provided that any Disposition of any property pursuant to this Section 7.05 (except pursuant to Sections 7.05(e), (i), (k),
(p), (r), (s) and (t) and except for Dispositions from a Loan Party to any other Loan Party) shall be for no less than the fair market value of such property at the time of such Disposition. To the extent any Collateral is Disposed of as
expressly permitted by this Section 7.05 to any Person other than a Loan Party, such Collateral shall be sold free and clear of the Liens created by the Loan Documents, and the Administrative Agent or the Collateral Agent, as applicable, shall
be authorized to take any actions deemed appropriate in order to effect the foregoing. 
 SECTION 7.06 Restricted Payments.

 Neither the Company nor any of the Restricted Subsidiaries shall declare or make, directly or indirectly, any Restricted
Payment, except: 
 (a) each Restricted Subsidiary may make Restricted Payments to the Company, and other Restricted
Subsidiaries of the Company (and, in the case of a Restricted Payment by a non-wholly owned Restricted Subsidiary, to the Company and any other Restricted Subsidiary and to each other owner of Equity Interests of such Restricted Subsidiary based on
their relative ownership interests of the relevant class of Equity Interests); 
 (b) the Company and each Restricted
Subsidiary may declare and make Restricted Payments payable solely in the Equity Interests (other than Disqualified Equity Interests not otherwise permitted by Section 7.03) of such Person; 

(c) [reserved]; 

(d) so long as no Event of Default has occurred and is continuing or would result therefrom, the Company and its Restricted
Subsidiaries may make Restricted Payments in an unlimited amount so long as the Consolidated Total Net Leverage Ratio calculated on a Pro Forma Basis is less than or equal to 3.00:1.00; 

(e) to the extent constituting Restricted Payments, the Company and its Restricted Subsidiaries may enter into and consummate
transactions expressly permitted by any provision of Sections 7.02 (other than 7.02(e) and (m)), 7.04 or 7.08 (other than Sections 7.08(e) or 7.08(j)); 

(f) repurchases of Equity Interests in the Company (or any direct or indirect parent thereof) or any Restricted Subsidiary of
the Company deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants; 

  
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 (g) the Company and each Restricted Subsidiary may pay (or make Restricted
Payments to allow the Company or any other direct or indirect parent thereof to pay) for the repurchase, retirement or other acquisition or retirement for value of Equity Interests of such Restricted Subsidiary (or of the Company or any other such
direct or indirect parent thereof) from any future, present or former employee, officer, director, manager, member, partner, independent contractor or consultant of such Restricted Subsidiary (or the Company or any other direct or indirect parent of
such Restricted Subsidiary) or any of its Subsidiaries upon the death, disability, retirement or termination of employment of any such Person or pursuant to any employee or director equity plan, employee, manager, director, member, partner,
independent contractor or consultant stock option plan or benefit plan or any agreement (including any stock subscription or shareholder agreement) with any employee, manager, director, officer, member, partner, independent contractor or consultant
of such Restricted Subsidiary (or the Company or any other direct or indirect parent thereof) or any of its Restricted Subsidiaries; provided that the aggregate amount of Restricted Payments made pursuant to this clause (g) shall not
exceed $37,500,000 in any calendar year (with unused amounts in any calendar year being carried over to succeeding calendar years subject to a maximum of $75,000,000 in any calendar year); provided, further, that such amount in any
calendar year may be increased by an amount not to exceed: 
 (i) to the extent contributed to the Company or
any Subsidiary Guarantor, the Net Proceeds from the sale of Equity Interests (other than Disqualified Equity Interests) of any of the Company’s direct or indirect parent companies, in each case to members of management, managers, directors,
members, partners, independent contractors or consultants of Holdings, the Company, any of its Subsidiaries or any of its direct or indirect parent companies that occurs after the Closing Date, to the extent Net Proceeds from the sale of such Equity
Interests have been Not Otherwise Applied; plus 
 (ii) the amount of any cash bonuses otherwise payable to
future, present or former employees, directors, officers, managers, members, partners, independent contractors or consultants of the Company, any of its Subsidiaries or any of its direct or indirect parent companies that are foregone in exchange for
the receipt of Equity Interests of the Company or any of its direct or indirect parent companies pursuant to any compensation arrangement, including any deferred compensation plan; plus 

(iii) the Net Proceeds of key man life insurance policies received by the Company or its Restricted
Subsidiaries; less 
 (iv) the amount of any Restricted Payments previously made with the cash proceeds
described in clauses (i) through (iii) of this Section 7.06(g); 
 (h) the Company may make Restricted
Payments in an aggregate amount not to exceed the sum of (i), when combined with prepayment of Indebtedness pursuant to Section 7.13(a)(iv), the greater of (a) $200,000,000 and (b) 3.50% of Total Assets plus (ii) the
Cumulative Credit on such date; provided that, in the case of clause (ii), with respect to usage of any portion of the Builder Basket, no Event of Default under Sections 8.01(a) or (f) has occurred and is continuing (or would result
therefrom); 
 (i) the Company may make Restricted Payments to any direct or indirect parent of the Company: 

(i) to pay its operating or organizational costs and other costs and expenses (including, without limitation,
expenses related to auditing or other accounting or tax reporting matters) incurred in the ordinary course of business and other corporate overhead costs and expenses (including administrative, legal, accounting and similar expenses provided by
third parties), which are reasonable and customary and incurred in the ordinary course of business and attributable to the ownership or operations of the Company and its Restricted Subsidiaries, any costs, expenses and liabilities incurred in
connection with any litigation or arbitration attributable to the ownership or operations of the Company and the Restricted Subsidiaries, Transaction Expenses and any reasonable and customary indemnification claims made by directors, managers or
officers of such parent attributable to the ownership or operations of the Company and its Restricted Subsidiaries and listing fees and other costs and expenses attributable to being a publicly traded company; 

  
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 (ii) the proceeds of which shall be used by such parent to
pay franchise Taxes and other fees, Taxes and expenses required to maintain its (or any of its direct or indirect parents’) corporate existence; 

(iii) for any taxable period ending after the Closing Date (A) in which the Company and/or any of its
Subsidiaries is a member of a consolidated, combined, unitary or similar Tax group (a “Tax Group”) of which a direct or indirect parent of Company is the common parent or (B) in which the Company is treated as a disregarded
entity or partnership for U.S. federal, state and/or local income tax purposes, to pay U.S. federal, state and local and foreign Taxes that are attributable to the taxable income, revenue, receipts, gross receipts, gross profits, capital or margin
of the Company and/or its Subsidiaries; provided that for each taxable period, the amount of such payments made in respect of such taxable period in the aggregate shall not exceed the amount of such Taxes that the Company and its Subsidiaries
would have been required to pay if they were a stand-alone Tax Group with the Company as the corporate common parent of such stand-alone Tax Group; provided, further, that the permitted payment pursuant to this clause (iii) with
respect to any Taxes of any Unrestricted Subsidiary shall be limited to the amount actually paid with respect to such period by such Unrestricted Subsidiary to the Company or its Restricted Subsidiaries for the purposes of paying such consolidated,
combined unitary or similar Taxes; 
 (iv) to finance any Investment that would be permitted to be made
pursuant to Section 7.02 if such parent were subject to such Section; provided that (A) such Restricted Payment shall be made substantially concurrently with the closing of such Investment, (B) such parent shall, immediately
following the closing thereof, cause (1) all property acquired (whether assets or Equity Interests) to be contributed to the Company or the Restricted Subsidiaries or (2) the merger (to the extent permitted in Section 7.04) of the
Person formed or acquired into the Company or its Restricted Subsidiaries in order to consummate such Permitted Acquisition or Investment, in each case, in accordance with the requirements of Section 6.11, (C) such parent company and its
Affiliates (other than the Company or a Restricted Subsidiary) receives no consideration or other payment in connection with such transaction except to the extent the Company or a Restricted Subsidiary could have given such consideration or made
such payment in compliance with this Agreement and (D) such Investment shall be deemed to be made by the Company or such Restricted Subsidiary pursuant to Section 7.02 (other than pursuant to Section 7.02(aa) or 7.02(p)); 

(v) the proceeds of which shall be used to pay customary salary, bonus, severance, indemnity and other benefits
payable to future, present or former officers, employees, managers, members, partners independent contractors or consultants of Holdings or any direct or indirect parent company of Holdings to the extent such salaries, bonuses, severance, indemnity
and other benefits are attributable to the ownership or operation of the Company and the Restricted Subsidiaries; 

(vi) the proceeds of which shall be used by Holdings to pay (or to make Restricted Payments to allow any direct
or indirect parent thereof to pay) fees and expenses (other than to Affiliates) related to any equity or debt offering, financing transaction, acquisition, divestiture, investment or other non-ordinary course transaction not prohibited by this
Agreement by Holdings (or any direct or indirect parent thereof), whether or not successful, that is directly attributable to the operations of the Company and its Restricted Subsidiaries; and 

  
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 (vii) amounts payable pursuant to (x) [reserved] or
(y) any of the Transaction Agreements (including, in each case, any amendment thereto or replacement thereof so long as any such amendment or replacement is not materially disadvantageous in the good faith judgment of the board of directors of
the Company to the Lenders when taken as a whole, as compared to the applicable agreement as in effect immediately prior to such amendment or replacement), solely to the extent such amounts are not paid directly by Company or its Subsidiaries; 

(j) payments made or expected to be made by the Company or any of the Restricted Subsidiaries in respect of required
withholding or similar Taxes payable upon exercise or vesting of Equity Interests by any future, present or former employee, director, manager, officer, partner, independent consultant or consultant of the Company or any Restricted Subsidiaries and
any repurchases of Equity Interests deemed to occur upon the exercise or vesting of stock options, warrants or the issuance of restricted stock units or similar stock based awards; 

(k) the Company or any Restricted Subsidiary may (i) pay cash in lieu of fractional Equity Interests in connection with
any dividend, distribution, split, merger, consolidation, amalgamation or combination thereof or any Permitted Acquisition and (ii) honor any conversion request by a holder of convertible Indebtedness and make cash payments in lieu of
fractional shares in connection with any such conversion and may make payments on convertible Indebtedness in accordance with its terms; 

(l) (i) any Restricted Payment by the Company or any other direct or indirect parent of the Company to pay listing fees
and other costs and expenses attributable to being a publicly traded company which are reasonable and customary and (ii) Restricted Payments not to exceed the sum of (A) up to 6.0% per annum of the net proceeds received by (or
contributed to) the Company and its Restricted Subsidiaries from a Qualified IPO (and other than a public sale constituting an Excluded Contribution) and (B) Restricted Payments in an aggregate amount per annum not to exceed 6.0% of Market
Capitalization; 
 (m) distributions or payments of Securitization Fees, sales, contributions, distributions and other
transfers of Securitization Assets and purchases of Securitization Assets, in each case in connection with a Qualified Securitization Financing; 

(n) payments or distributions to dissenting stockholders pursuant to applicable law (including in connection with, or as a
result of, exercise of appraisal rights and the settlement of any claims or action (whether actual, contingent or potential)), pursuant to or in connection with a consolidation, merger or transfer of assets permitted by Section 7.02; 

(o) the distribution, by dividend or otherwise, of Equity Interests of an Unrestricted Subsidiary (or a Restricted Subsidiary
that owns one or more Unrestricted Subsidiaries and no other material assets), or Indebtedness owed to the Company or a Restricted Subsidiary by an Unrestricted Subsidiary (or a Restricted Subsidiary that owns one or more Unrestricted Subsidiaries
and no other material assets), in each case, other than Unrestricted Subsidiaries the primary assets of which are cash and/or Cash Equivalents; 

(p) Restricted Payments that are made (i) in an amount equal to the amount of Excluded Contributions previously received
since the Closing Date (less any Investments made in reliance on Section 7.02(aa)) or (ii) without duplication with clause (i), in an amount equal to the Net Proceeds from a Disposition in respect of property or assets acquired after the
Closing Date, if the acquisition of such property or assets was financed with Excluded Contributions; and 

  
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 (q) the payment of any dividend or other distribution or the consummation of
any irrevocable redemption within 60 days after the date of declaration of the dividend or other distribution or the giving of the redemption notice, as the case may be, if at the date of declaration or notice, the dividend or other distribution or
redemption payment would have complied with the provisions of this Agreement. 
 For purposes of determining compliance with
this Section 7.06, in the event that a Restricted Payment meets the criteria of more than one of the categories of Restricted Payments described above, the Company may, in its sole discretion, classify or later divide, classify or reclassify all or
a portion of such Restricted Payment or any portion thereof in a manner that complies with this Section 7.06 and will only be required to include the amount and type of such Restricted Payment in one or more of the above clauses. 

SECTION 7.07 Change in Nature of Business. 

The Company shall not, nor shall the Company permit any of the Restricted Subsidiaries to, directly or indirectly, engage in
any material line of business substantially different from those lines of business conducted by the Company and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or
reasonable extensions thereof. 
 SECTION 7.08 Transactions with Affiliates. 

Neither the Company shall, nor shall the Company permit any of the Restricted Subsidiaries to, directly or indirectly, enter
into any transaction of any kind with any Affiliate of the Company, whether or not in the ordinary course of business, involving aggregate payments or consideration in excess of $37,500,000 in a single transaction, other than (a) loans and
other transactions among the Company and its Restricted Subsidiaries and Securitization Subsidiaries or any entity that becomes a Restricted Subsidiary or Securitization Subsidiary as a result of such loan or other transaction to the extent
permitted under this Article VII, (b) on terms substantially as favorable to the Company or such Restricted Subsidiary as would be obtainable by the Company or such Restricted Subsidiary at the time in a comparable arm’s-length transaction
with a Person other than an Affiliate or, if in the good faith judgment of the board of directors of the Company, no comparable transaction is available with which to compare such transaction and such transaction is otherwise fair to the Company or
such Restricted Subsidiary from a financial point of view and when such transaction is taken in its entirety, (c) the Transactions and the payment of Transaction Expenses as part of or in connection with the Transactions, (d) so long as no
Event of Default under Sections 8.01(a) or (f) has occurred and is continuing, (A) [reserved] and (B) transactions pursuant to the Transaction Agreements, or any amendment thereto or replacement thereof so long as any such
amendment or replacement is not materially disadvantageous in the good faith judgment of the board of directors of Company to the Lenders when taken as a whole, as compared to the applicable agreement as in effect immediately prior to such amendment
or replacement, (e) Restricted Payments permitted under Section 7.06 and Investments permitted under Section 7.02, (f) employment and severance arrangements between the Company and its Restricted Subsidiaries and their respective
future, present or former officers, employees, directors, managers, members, partners, independent contractors or consultants in the ordinary course of business and transactions pursuant to stock option plans and employee benefit plans and
arrangements, (g) the payment of customary fees and reasonable out of pocket costs to, and indemnities provided on behalf of, directors, managers, officers, employees and consultants of the Company and its Restricted Subsidiaries (or any direct
or indirect parent of the Company) in the ordinary course of business to the extent attributable to the ownership or operation of the Company and its Restricted Subsidiaries, (h) transactions pursuant to agreements in existence on the Closing
Date and set forth on Schedule 7.08 or any amendment thereto to the extent such an amendment is not adverse to the Lenders in any material respect, (i) [reserved], (j) payments by the Company or any of its Subsidiaries pursuant to any tax
sharing agreements with any direct or indirect parent of the Company to the extent attributable to the ownership or operation of the Company and the Subsidiaries, but only to the extent permitted by Section 7.06(i)(iii), (k) the issuance
or transfer of Equity Interests (other than Disqualified Equity Interests) of Holdings to any direct or indirect parent company of Holdings or to any Permitted Holder or to any former, current or future director, manager, officer, partner,
independent contractor, employee or consultant (or any Affiliate of any of the foregoing) of the Company, any of its Subsidiaries or any direct or indirect parent thereof, (l) (i) any sale or other transfer of accounts receivable, or
participations therein, or Securitization Assets or related assets or any other transactions effected, in each case in connection with any Qualified Securitization Financing (including servicing agreements and other customary similar arrangements)
and (ii) any disposition or repurchase of accounts receivable, or participations therein or Securitization Assets or related assets, in each case in connection with any Qualified Securitization Financing, (m) Permitted Intercompany
Activities and any related transaction and the payment of all fees and expenses related thereto, (n) [reserved] or (o) a joint venture which would constitute a transaction with an Affiliate solely as a result of the Company or any
Restricted Subsidiary owning an equity interest or otherwise controlling such joint venture or similar entity. 

  
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 SECTION 7.09 Burdensome Agreements. 

The Company shall not, nor shall the Company permit any of the Restricted Subsidiaries to, enter into or permit to exist any
Contractual Obligation (other than this Agreement or any other Loan Document) that limits the ability of (a) any Restricted Subsidiary of the Company that is not a Guarantor to make Restricted Payments to the Company or any Guarantor or to make
or repay intercompany loans and advances to the Company or any Guarantor or (b) any Loan Party to create, incur, assume or suffer to exist Liens on property of such Person for the benefit of the Lenders with respect to the Facilities and the
Obligations or under the Loan Documents; provided that the foregoing clauses (a) and (b) shall not apply (except in respect of Real Property (other than otherwise permitted pursuant to the last paragraph of Section 7.01))) to
Contractual Obligations which (i)(x) exist on the Closing Date and (to the extent not otherwise permitted by this Section 7.09) are listed on Schedule 7.09 hereto and (y) to the extent Contractual Obligations permitted by clause
(x) are set forth in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted modification, replacement, renewal, extension or refinancing of such Indebtedness so long as such modification, replacement,
renewal, extension or refinancing does not expand the scope of such Contractual Obligation, (ii) are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary of the Company, so long as such
Contractual Obligations were not entered into solely in contemplation of such Person becoming a Restricted Subsidiary of the Company; provided, further, that this clause (ii) shall not apply to Contractual Obligations that are binding on
a Person that becomes a Restricted Subsidiary pursuant to Section 6.14, (iii) represent Indebtedness of a Restricted Subsidiary of the Company which is not a Loan Party which is permitted by Section 7.03, (iv) arise in connection
with (x) any Lien permitted by Section 7.01 and relate to the property subject to such Lien or (y) any Disposition permitted by Sections 7.04 or 7.05 and relate solely to the assets or Person subject to such Disposition, (v) are
customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted under Section 7.02 and applicable solely to such joint venture entered into in the ordinary course of business, (vi) are
negative pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under Section 7.03 but solely to the extent any negative pledge relates to the property financed by such Indebtedness, (vii) are customary
restrictions on leases, subleases, licenses or asset sale agreements otherwise permitted hereby so long as such restrictions relate to the assets subject thereto, (viii) comprise restrictions imposed by any agreement relating to secured
Indebtedness permitted pursuant to Section 7.03(e), (g) or (m) and to the extent that such restrictions apply only to the property or assets securing such Indebtedness or to the Restricted Subsidiaries incurring or guaranteeing such
Indebtedness, (ix) are customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Company or any Restricted Subsidiary or the assignment of any license or sublicense agreement, (x) are
customary provisions restricting assignment of any agreement entered into in the ordinary course of business or consistent with past practice, (xi) are encumberances or restrictions created in connection with any Qualified Securitization
Financing that in the good faith determination of the Borrower are necessary or advisable to effect such Qualified Securitization Financing and relate solely to the Securitization Assets subject thereto, (xii) are restrictions on cash or other
deposits imposed by customers under contracts entered into in the ordinary course of business, (xiii) arise in connection with cash or other deposits permitted under Sections 7.01 and 7.02 and limited to such cash or deposit and (xiv) are
customary restrictions contained in the Existing RCF Credit Agreement, the Closing Date Senior Unsecured Bridge Loans, the Closing Date Senior Unsecured Notes or the Target Notes or any Permitted Refinancing thereof. 

  
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 SECTION 7.10 Use of Proceeds. 

The proceeds of the Term Loans received on the Closing Date, together with cash on hand at the Company and its Subsidiaries,
shall be used to consummate the Transactions and for working capital, general corporate purposes and any other purpose not prohibited by this
Agreement. The proceeds of the Revolving Credit Loans on the Amendment No. 1 Effective Date will be used to
finance the Amendment No. 1 Transactions and expenses related to the Amendment No. 1 Transactions, for working capital needs and general corporate purposes. After the Amendment No. 1 Effective Date, the proceeds of the Revolving
Credit Loans and Swing Line Loans shall be used for working capital, general corporate purposes and any other purpose not prohibited by this Agreement, including Permitted Acquisitions and other Investments. The Letters of Credit shall be used
solely to support obligations of the Company and its Subsidiaries incurred for working capital, general corporate purposes and any other purpose not prohibited by this Agreement 

SECTION 7.11 [Reserved]Financial Covenant. 

(a)
 Except with the written consent of the Required Revolving Credit Lenders, the Company will not permit the Consolidated Interest Coverage Ratio as of the last day of any Test Period to be less than 2.00:1.00. 

(b)
 Except with the written consent of the Required Revolving Credit Lenders, the Company will not permit the Consolidated First Lien Net Leverage Ratio as of the last day of any Test Period to be greater than 3.00:1.00 (the “Applicable
Financial Covenant Leverage Ratio Level”); provided that, if the Company has made a Qualified Acquisition Election, the Applicable Financial Covenant Leverage Ratio Level shall be increased by 0.50:1.00 for the four (4) fiscal quarter
period commencing with the fiscal quarter in which the Qualified Acquisition specified therein is consummated.  

SECTION 7.12 Accounting Changes. 

The Company shall not make any change in its fiscal year; provided, however, that the Company may, upon written
notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Company and the Administrative Agent will, and are hereby authorized by the Lenders to, make
any adjustments to this Agreement that are necessary to reflect such change in fiscal year. 

  
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 SECTION 7.13 Prepayments, Etc. of Indebtedness. 

(a) The Company shall not, nor shall the Company permit any of the Restricted Subsidiaries to, directly or indirectly,
voluntarily prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner (it being understood that (A) payments of regularly scheduled principal and interest, (B) customary “AHYDO
catchup” payments and (C) any prepayment, redemption, purchase, defeasance or other retirement in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case, due within one year of such
prepayment redemption, purchase, defeasance or other retirement thereof shall be permitted), any subordinated Indebtedness incurred under Section 7.03(g) or any other Indebtedness that is or is required to be subordinated, in right of payment,
to the Obligations pursuant to the terms of the Loan Documents and exceeds the Threshold Amount (collectively, “Junior Financing”) or make any payment in violation of any subordination terms of any Junior Financing Documentation,
except (i) the refinancing thereof with the Net Proceeds of any Indebtedness (to the extent such Indebtedness constitutes a Permitted Refinancing and, if such Indebtedness was originally incurred under Section 7.03(g), is permitted
pursuant to Section 7.03(g)), to the extent not required to prepay any Loans pursuant to Section 2.05(b), (ii) the conversion of any Junior Financing to Equity Interests (other than Disqualified Equity Interests) of Holdings or any of
its direct or indirect parents, (iii) the prepayment of Indebtedness of the Company or any Restricted Subsidiary to the Company or any Restricted Subsidiary to the extent not prohibited by the subordination provisions contained in the
Intercompany Note, (iv) prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity in an amount equal to the sum of (A) the amount of Excluded Contributions
previously received and the Company elects to apply under this clause (iv) plus (B) the Cumulative Credit on such date, (v) prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings
prior to their scheduled maturity in an aggregate amount not to exceed, when combined with the amount of Restricted Payments pursuant to Section 7.06(h), the greater of (a) $200,000,000 and (b) 3.50% of Total Assets and (vi) so
long as no Event of Default has occurred and is continuing or would result therefrom, the Company and its Restricted Subsidiaries may make prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings in an
unlimited amount so long as the Consolidated Total Net Leverage Ratio calculated on a Pro Forma Basis is less than or equal to 3.00:1.00. 

(b) The Company shall not, nor shall it permit any of the Restricted Subsidiaries to amend, modify or change in any manner
materially adverse to the interests of the Lenders any term or condition of any Junior Financing Documentation in respect of any Junior Financing having an aggregate outstanding principal amount in excess of the Threshold Amount without the consent
of the Administrative Agent (which consent shall not be unreasonably withheld, conditioned or delayed). 
 For purposes of
determining compliance with this Section 7.13, in the event that a payment meets the criteria of more than one of the categories of payments described above, the Company may, in its sole discretion, classify or later divide, classify or reclassify
all or a portion of such payment or any portion thereof in a manner that complies with this Section 7.13 and will only be required to include the amount and type of such payment in one or more of the above clauses. 

SECTION 7.14 Permitted Activities. 

Holdings shall not engage in any material operating or business activities; provided that the following and activities
incidental thereto shall be permitted in any event: (i) its ownership of the Equity Interests of Company and activities incidental thereto, (ii) the maintenance of its legal existence (including the ability to incur fees, costs and
expenses relating to such maintenance), (iii) the performance of its obligations with respect to the Loan Documents, the Existing RCF Credit Agreement, the Closing Date Senior Unsecured Bridge Loans, the Closing Date Senior Unsecured Notes or
the Target Notes, (iv) any public offering of its common stock or any other issuance or sale of its Equity Interests, (v) financing activities, including the issuance of securities, payment of dividends or making contributions to the
capital of the Company, (vi) incurrence of debt and guaranteeing the obligations of the Company and its Restricted Subsidiaries, (vii) participating in tax, accounting and other administrative matters as owner of the Company,
(viii) holding any cash incidental to any activities permitted under this Section 7.14, (ix) providing indemnification to officers, managers and directors and (x) any activities incidental to the foregoing. Holdings shall not
incur any Liens on Equity Interests of the Company other than those for the benefit of the Obligations or any comparable term in any Permitted Refinancing thereof and Holdings shall not own any Equity Interests other than those of the Company. 

  
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 Notwithstanding anything to the contrary in Article VII of this Agreement,
if on any date (i) the Term Loans have an Investment Grade Rating from both of the Rating Agencies and (ii) no Event of Default has occurred and is continuing (the occurrence of the events described in the foregoing clauses (i) and
(ii) being collectively referred to as a “Covenant Suspension Event”), then, beginning on such date and continuing so long as the Term Loans have an Investment Grade Rating from both of the Rating Agencies, Sections 7.03, 7.06
and 7.08 (the “Suspended Covenants”) will no longer be applicable to the Loans during such period (the “Suspension Period”) until the occurrence of the Reversion Date. 

In the event that the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of
time as a result of the foregoing, and on any subsequent date (the “Reversion Date”) one of more of the Rating Agencies withdraw their Investment Grade Rating or downgrade the rating assigned to the Term Loans below an Investment
Grade Rating, then the Company and its Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants with respect to future events. 

During a Suspension Period, the Company and its Restricted Subsidiaries will be entitled to consummate transactions to the
extent not prohibited hereunder without giving effect to the Suspended Covenants. During a Suspension Period, the covenants that are not Suspended Covenants shall be interpreted as though the Suspended Covenants continue to be applicable during such
Suspension Period. 
 For illustrative purposes only, even though Section 7.03 will not be in effect during a
Suspension Period, Section 7.01(dd) will be interpreted as though Section 7.03(q) were still in effect during such Suspension Period. 

Notwithstanding the foregoing, in the event of any such reinstatement, no action taken or omitted to be taken by Holdings, the
Company or any of its Restricted Subsidiaries prior to such reinstatement that was permitted at such time will give rise to a Default or Event of Default under this Agreement or any other Loan Document; provided that (1) with respect to
Restricted Payments made after such reinstatement, the amount available to be made as Restricted Payments will be calculated as though the covenant described above under Section 7.06 had been in effect prior to, but not during, the Suspension
Period; and (2) all Indebtedness incurred, or Disqualified Equity Interests issued, during the Suspension Period will be classified to have been incurred or issued pursuant to Section 7.03(b)(i); and (3) any transaction with an
Affiliate entered into after such reinstatement pursuant to an agreement entered into during any Suspension Period shall be deemed to be permitted pursuant to Section 7.08(h). 

ARTICLE VIII 
 Events of Default
and Remedies 
 SECTION 8.01 Events of Default. 

Any of the following from and after the Closing Date shall constitute an event of default (an “Event of
Default”): 
 (a) Non-Payment. The Borrower, any Loan Party or other Guarantor fails to pay (i) when and
as required to be paid herein, any amount of principal of any Loan, or (ii) within five (5) Business Days after the same becomes due, any interest on any Loan or any other amount payable hereunder or with respect to any other Loan
Document; or 

  
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 (b) Specific Covenants. The Borrower, any Restricted Subsidiary or,
in the case of Section 7.14, Holdings, fails to perform or observe any term, covenant or agreement contained in any of Section 6.03(a), 6.05(a) (solely with respect to the Company) or Article VII; provided that any breach of a financial
maintenance covenant under any Incremental Revolving Credit Loan or any revolving facility that constitutes Credit Agreement Refinancing Indebtedness (a “Financial Covenant Event of Default”) shall not constitute an Event of Default
with respect to any Term Loans unless and until the Revolving Credit Lenders have declared all amounts outstanding under the Revolving Credit Facility to be immediately due and payable and all outstanding Revolving Credit Commitments to be
immediately terminated, in each case, in accordance with this Agreement and such declaration has not been rescinded on or before such date (the “Term Loan Standstill Period”); provided, further, that a Default as a result of a breach of Section 7.11 is subject to cure pursuant to
Section 8.05; or 
 (c) Other Defaults. The Borrower,
any Loan Party or other Guarantor fails to perform or observe any other covenant or agreement (not specified in Sections 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for
thirty (30) days after written notice thereof by the Administrative Agent to the Borrower; or 
 (d) Representations
and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower, any other Loan Party, or other Guarantor herein, in any other Loan Document, or in any document required to be
delivered in connection herewith or therewith shall be incorrect in any material respect when made or deemed made and, to the extent capable of being cured, such incorrect representation or warranty shall remain incorrect for a period of thirty
(30) days after written notice thereof from the Administrative Agent to the Borrower; provided that the failure of any representation or warranty (other than Specified Representations or Specified Acquisition Agreement Representations) to be
true and correct on the Closing Date shall not constitute a Default or Event of Default; or 
 (e) Cross-Default. Any
Loan Party or any Restricted Subsidiary (A) fails to make any payment beyond the applicable grace period with respect thereto, if any, (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any
Indebtedness of such Loan Party or Restricted Subsidiary (other than Indebtedness hereunder) having an outstanding aggregate principal amount of not less than the Threshold Amount, or (B) fails to observe or perform any other agreement or
condition relating to any such Indebtedness having an outstanding aggregate principal amount of not less than the Threshold Amount, or any other event occurs (other than, with respect to Indebtedness consisting of Swap Contract, termination events
or equivalent events pursuant to the terms of such Swap Contract), the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders or
beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem
such Indebtedness to be made, prior to its stated maturity; provided that this clause (e)(B) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness; or 

(f) Insolvency Proceedings, Etc. Any Loan Party or any Restricted Subsidiary institutes or consents to the institution
of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator,
administrative receiver or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative receiver or similar officer is appointed
without the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of
its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or 

  
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 (g) Inability to Pay Debts; Attachment. (i) Any Loan Party or
any Restricted Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any
material part of the property of the Borrower and the Loan Parties, taken as a whole, and is not released, vacated or fully bonded within sixty (60) days after its issue or levy; or 

(h) Judgments. There is entered against any Loan Party or any Restricted Subsidiary a final judgment or order for the
payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer has been notified of such judgment or order and has not denied coverage) and such judgment
or order shall not have been satisfied, vacated, discharged or stayed or bonded pending an appeal for a period of sixty (60) consecutive days; or 

(i) Invalidity of Loan Documents. Any material provision of any Loan Document, at any time after its execution and
delivery and for any reason other than as expressly permitted hereunder or thereunder (including as a result of a transaction permitted under Sections 7.04 or 7.05) or as a result of acts or omissions by the Administrative Agent or Collateral Agent
or any Lender or the satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or the Borrower contests in writing the validity or enforceability of any provision of any Loan Document or the validity or
priority of a Lien as required by the Collateral Documents on a material portion of the Collateral; or any Loan Party or the Borrower denies in writing that it has any or further liability or obligation under any Loan Document (other than as a
result of repayment in full of the Obligations and termination of the Aggregate Commitments), or purports in writing to revoke or rescind any Loan Document; or 

(j) Change of Control. There occurs any Change of Control; or 

(k) Collateral Documents. (i) Any Collateral Document after delivery thereof pursuant to Section 4.01 or
Sections 6.11, 6.13 or 6.16 shall for any reason (other than pursuant to the terms thereof including as a result of a transaction not prohibited under this Agreement) cease to create a valid and perfected Lien, with the priority required by the
Collateral Documents and the Intercreditor Agreements on and security interest in any material portion of the Collateral purported to be covered thereby, subject to Liens permitted under Section 7.01, except to the extent that any such
perfection or priority is not required pursuant to the Collateral and Guarantee Requirement or any loss thereof results from the failure of the Administrative Agent or the Collateral Agent to maintain possession of certificates actually delivered to
it representing securities pledged under the Collateral Documents or to file Uniform Commercial Code continuation statements, or (ii) any of the Equity Interests of the Company shall for any reason cease to be pledged pursuant to the Collateral
Documents; or 
 (l) ERISA. (i) An ERISA Event occurs which has resulted or would reasonably be expected to
result in liability of a Loan Party or a Restricted Subsidiary or any ERISA Affiliate in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect, or (ii) a Loan Party, any Restricted Subsidiary or any ERISA
Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan which has resulted or would reasonably
be expected to result in liability of a Loan Party or a Restricted Subsidiary or any ERISA Affiliate in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect; or 

  
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 (m) Junior Financing Documentation. (i) Any of the Obligations
of the Borrower or the Loan Parties under the Loan Documents for any reason shall cease to be (A) “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt” or “Senior Secured Financing” (or any
comparable term) under, and as defined in, any Junior Financing Documentation and (B) “First Lien Obligations” (or any comparable term) under, and as defined in, the Junior Lien Intercreditor Agreement under, and as defined in any
Junior Financing Documentation or (ii) the subordination provisions set forth in any Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of
any Junior Financing, if applicable. 
 SECTION 8.02 Remedies Upon Event of Default. 

If any Event of Default occurs and is continuing, the Administrative Agent may and, at the request of the Required Lenders,
shall take any or all of the following actions (or, if a Financial Covenant Event of Default occurs and is continuing and prior to the expiration of the Term Loan Standstill Period, at the request of the Required Revolving Credit Lenders under the
Revolving Credit Facility only, and in such case only with respect to the Revolving Credit Commitments and Revolving Credit Loans): 

(i) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions to
be terminated, whereupon such commitments and obligation shall be terminated; 
 (ii) declare the
unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or
other notice of any kind, all of which are hereby expressly waived by the Company; and 

(iii)
 require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and 

(iiiiv) exercise on behalf of itself and the Lenders all rights and remedies
available to it and the Lenders under the Loan Documents or applicable Law; 
 provided that upon the occurrence of an actual
or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans
and any obligation of the L/C Issuers to make L/C Credit
Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become
effective, in each case without further act of the Administrative Agent or any Lender. 

SECTION 8.03 Exclusion of Immaterial Subsidiaries. 

Solely for the purpose of determining whether a Default or Event of Default has occurred under clause (f) or (g) of
Section 8.01, any reference in any such clause to any Restricted Subsidiary or Loan Party shall be deemed not to include any Restricted Subsidiary (an “Immaterial Subsidiary”) affected by any event or circumstances referred to
in any such clause that did not, as of the last day of the most recent completed fiscal quarter of the Company, have assets with a fair market value in excess of 5.0% of Total Assets (it being agreed that all Restricted Subsidiaries affected by any
event or circumstance referred to in any such clause shall be considered together, as a single consolidated Restricted Subsidiary, for purposes of determining whether the condition specified above is satisfied). 

  
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 SECTION 8.04 Application of Funds. 

After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due
and payable), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order (to the fullest extent permitted by mandatory provisions of applicable Law): 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other
amounts (other than principal and interest, but including Attorney Costs payable under Section 10.04 and amounts payable under Article III) payable to the Administrative Agent or the Collateral Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts
(other than principal and interest) payable to the Lenders (including Attorney Costs payable under Section 10.04 and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second
payable to them; 
 Third, to payment of that portion of the Obligations constituting accrued and
unpaid interest on the Loans and any fees, premiums and scheduled periodic payments due under Treasury Services Agreements or Secured Hedge Agreements, ratably among the Secured Parties in proportion to the respective amounts described in this
clause Third payable to them; 
 Fourth, to payment of that portion of the Obligations
constituting unpaid principal of the Loans and any breakage, termination or other payments under Treasury Services Agreements or Secured Hedge Agreements, ratably among the Secured Parties in proportion to the respective amounts described in this
clause Fourth held by them; 
 Fifth, to the payment of all other Obligations of the Borrower
that are due and payable to the Administrative Agent and the other Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties on such
date; and 
 Last, the balance, if any, after all of the Obligations have been paid in full, to the
Borrower or as otherwise required by Law. 
 Notwithstanding the foregoing, no amounts received from any
Guarantor shall be applied to any Excluded Swap Obligation of such Guarantor. 
 SECTION 8.05 Company’s Right to Cure. 

(a)
 Notwithstanding anything to the contrary contained in Sections 8.01 or 8.02, if the Company determines that an Event of Default under the covenant set forth in Section 7.11 has occurred or may occur, during the period commencing after the
beginning of the last fiscal quarter included in such Test Period and ending ten (10) Business Days after the date on which financial statements are required to be delivered hereunder with respect to such fiscal quarter, a Specified Equity
Contribution may be made to Holdings (a “Designated Equity Contribution”), and the amount of the net cash proceeds thereof shall be deemed to increase Consolidated EBITDA with respect to such applicable quarter; provided that
such net cash proceeds (i) are actually received by the Company as cash common equity (including through capital contribution of such net cash proceeds to the Company) during the period commencing after the beginning of the last fiscal quarter
included in such Test Period by the Company and ending ten (10) Business Days after the date on which financial statements are required to be delivered with respect to such fiscal quarter hereunder and (ii) are Not Otherwise Applied. The
parties hereby acknowledge that this Section 8.05(a) may not be relied on for purposes of calculating any financial ratios other than as applicable to Section 7.11 and shall not result in any adjustment to any baskets or other amounts other than the amount of the Consolidated EBITDA for
the purpose of Section 7.11. 

  
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(b)
 (i) In each period of four consecutive fiscal quarters, there shall be at least two fiscal quarters in which no Designated Equity Contribution is made, (ii) no more than five Designated Equity Contributions may be made in the aggregate
during the term of this Agreement, (iii) the amount of any Designated Equity Contribution shall be no more than the amount required to cause the Company to be in Pro Forma Compliance with Section 7.11 for any applicable period and
(iv) there shall be no pro forma reduction in Indebtedness with the proceeds of any Designated Equity Contribution for determining compliance with Section 7.11 for the fiscal quarter with respect to which such Designated Equity
Contribution was made. 
 (c) It is understood and agreed that any Designated Equity Contribution shall not increase the Cumulative Credit or the
availability under other baskets hereunder. 
 ARTICLE IX 

Administrative Agent and Other Agents 

SECTION 9.01 Appointment and Authorization of Agents. 

(a) Each Lender hereby irrevocably appoints, designates and authorizes each of the Administrative Agent and the Collateral
Agent to take such action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan
Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, neither the Administrative Agent nor the Collateral Agent shall have
any duties or responsibilities, except those expressly set forth herein, nor shall the Administrative Agent or the Collateral 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 or the Collateral Agent. Without limiting the generality of the
foregoing sentence, the use of the term “agent” herein and in the other Loan Documents with reference to any 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. 

(b) [Reserved]. 

(b)
 Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each such L/C Issuer shall have all of the benefits and immunities (i) provided to the Agents in
this Article IX with respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and the applications and agreements for letters of credit pertaining to such
Letters of Credit as fully as if the term “Agent” as used in this Article IX and in the definition of “Agent-Related Person” included such L/C Issuer with respect to such acts or omissions, and (ii) as additionally provided
herein with respect to such L/C Issuer. 
 (c) Each of the
Secured Parties hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of (and to hold any security interest created by the Collateral Documents for and on behalf of or on trust for) such Secured Party for purposes of
acquiring, holding and enforcing any and all Liens on Collateral granted by the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent
(and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents,
or for exercising any rights and remedies thereunder at the direction of the Collateral Agent), shall be entitled to the benefits of all provisions of this Article IX (including Section 9.07, as though such co-agents, sub-agents and
attorneys-in-fact were the Collateral Agent under the Loan Documents) as if set forth in full herein with respect thereto. 

  
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 (d) Each Lender hereby (i) acknowledges that it has received a copy of
the Intercreditor Agreements, (ii) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements to the extent then in effect, and (iii) authorizes and instructs the Collateral Agent to
enter into each Intercreditor Agreement as Collateral Agent and on behalf of such Lender. 
 (e) Except as provided in
Sections 9.09 and 9.11, the provisions of this Article IX are solely for the benefit of the Administrative Agent and, the Lenders and each L/C Issuer, and neither the Borrower nor any other Loan Party
shall have rights as a third-party beneficiary of any of such provisions. 
 SECTION 9.02 Delegation of Duties. 

Each of the Administrative Agent and the Collateral Agent may execute any of its duties under this Agreement or any other Loan
Document (including for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents or of exercising any rights and remedies thereunder) 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, the Collateral Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Agent-Related Persons. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Agent-Related Persons of the Administrative Agent, the Collateral Agent and any such sub-agent, and shall apply to their respective activities in
connection with the syndication of the Facilities as well as activities as Administrative Agent or Collateral Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or sub-agent or attorney-in-fact
that it selects in the absence of gross negligence or willful misconduct (as determined in the final non-appealable judgment of a court of competent jurisdiction). 

SECTION 9.03 Liability of Agents. 

No Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by any of them under or in
connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct, as determined by the final non-appealable judgment of a court of competent jurisdiction, in
connection with its duties expressly set forth herein), or (b) be responsible in any manner to any Lender or Participant for any recital, statement, representation or warranty made by the Borrower or any Loan Party or any officer thereof,
contained herein or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent or the Collateral Agent under or in connection with, this Agreement or
any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, the existence, value or collectability of the Collateral, any failure to monitor or maintain any part
of the Collateral, or the perfection or priority of any Lien or security interest created or purported to be created under the Collateral Documents, or for any failure of the Borrower or any Loan Party or any other party to any Loan Document to
perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions
of, this Agreement or any other Loan Document, or to inspect the properties, books or records of the Borrower or any Loan Party or any Affiliate thereof. Notwithstanding the foregoing, neither the Administrative Agent nor the Collateral Agent shall
have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent or Collateral Agent (as
applicable) is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that the Administrative
Agent or Collateral Agent (as applicable) shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent or Collateral Agent (as applicable) to liability or that is contrary to any
Loan Document or applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting
Lender in violation of any Debtor Relief Law. 

  
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 SECTION 9.04 Reliance by Agents. 

Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct and to have
been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to the Borrower or any Loan Party), independent accountants and other experts selected by such Agent. Each Agent shall be
fully justified in failing or refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its
satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting,
under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure
to act pursuant thereto shall be binding upon all the Lenders. 
 SECTION 9.05 Notice of Default. 

The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, except with respect
to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of the Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Company referring to
this Agreement, describing such Default and stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect
to any Event of Default as may be directed by the Required Lenders (or, if a Financial Covenant Event of Default occurs and is continuing and prior to the expiration of the Term Loan Standstill Period, the Required Revolving Credit Lenders under the
Revolving Credit Facility only, and in such case only with respect to the Revolving Credit Commitments and Revolving Credit Loans) in accordance with Article VIII; provided that unless and until the Administrative Agent has received any such
direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default as it shall deem advisable or in the best interest of the Lenders. 

  
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 SECTION 9.06 Credit Decision; Disclosure of Information by Agents. 

Each Lender acknowledges that no Agent-Related Person has made any representation or warranty to it, and that no act by any
Agent hereafter taken, including any consent to and acceptance of any assignment or review of the affairs of the Borrower, any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent-Related
Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession. Each Lender represents to each Agent that it has, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties
and their Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower hereunder. Each Lender also
represents that it will, independently and without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Agreement and the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and
creditworthiness of the Borrower and the Loan Parties. Each Lender and each L/C Issuer represents and warrants to each Agent that (i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the
ordinary course and is entering into this Agreement as a Lender or L/C Issuer for the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender or L/C Issuer, and not for the purpose of purchasing, acquiring or
holding any other type of financial instrument, and each Lender and each L/C Issuer agrees not to assert a claim in contravention of the foregoing. Each Lender
and each L/C Issuer represents and warrants to each Agent
that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender or such L/C Issuer, and either it, or the Person exercising discretion
in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. Except for notices, reports and
other documents expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations,
property, financial and other condition or creditworthiness of any of the Loan Parties or any of their Affiliates which may come into the possession of any Agent-Related Person. 

SECTION 9.07 Indemnification of Agents. 

Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each
Agent-Related Person (to the extent not reimbursed by or on behalf of the Borrower or any Loan Party and without limiting the obligation of the Borrower or any Loan Party to do so), pro rata, and hold harmless each Agent-Related Person from and
against any and all Indemnified Liabilities incurred by it; provided that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting from such Agent-Related Person’s own
gross negligence or willful misconduct, as determined by the final non-appealable judgment of a court of competent jurisdiction; provided that no action taken in accordance with the directions of the Required Lenders (or such other number or
percentage of the Lenders as shall be required by the Loan Documents) shall be deemed to constitute gross negligence or willful misconduct for purposes of this
Section 9.07; provided, further, that any obligation to indemnify an L/C Issuer pursuant to this
Section 9.07 shall be limited to Revolving Credit Lenders only. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section 9.07
applies whether any such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse each of the Administrative Agent and the Collateral Agent upon demand for
its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent or the Collateral Agent, as the case may be, in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or
referred to herein, to the extent that the Administrative Agent or the Collateral Agent, as the case may be, is not reimbursed for such expenses by or on behalf of the Borrower or the Loan Parties. The undertaking in this Section 9.07 shall
survive termination of the Aggregate Commitments, the payment of all other Obligations and the resignation of the Administrative Agent or the Collateral Agent, as the case may be. 

  
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 SECTION 9.08 Agents in Their Individual Capacities. 

Bank of America, N.A. 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 Borrower and their respective Affiliates as though Bank of America, N.A. were not the Administrative Agent or, the Collateral Agent or Swing Line Lender hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, Bank of America, N.A. or its Affiliates may receive information regarding the Borrower or its
Affiliates (including information that may be subject to confidentiality obligations in favor of each Borrower or such Affiliate) and acknowledge that neither the Administrative Agent nor the Collateral Agent shall be under any obligation to provide
such information to them. With respect to its Loans, Bank of America, N.A. and its Affiliates shall have the same rights and powers under this Agreement as any other Lender and may exercise such rights and powers as though it were not the
Administrative Agent
or, the Collateral Agent or Swing Line Lender, and the terms “Lender” and
“Lenders” include Bank of America, N.A. in its individual capacity. Any successor to Bank of America, N.A. as the Administrative Agent or the Collateral Agent shall also have the rights attributed to Bank of America, N.A. under this
paragraph. 
 SECTION 9.09 Successor Agents. 

(a) Each of the Administrative Agent and the Collateral Agent may at any time give advance notice of at least 30 days of its
resignation to the Lenders, the L/C Issuers and the Company. Upon
receipt of any such notice of resignation, the Required Lenders shall have the right to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States and which
successor shall be consented to by the Company at all times other than during the existence of an Event of Default under Sections 8.01(f) or (g) (which consent of the Company shall not be unreasonably withheld or delayed). If no such successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, (or such earlier day as shall be agreed by the Required
Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent or Collateral Agent may (but shall not be obligated to) on behalf of the Lenders and the L/C Issuers, appoint a successor Administrative Agent or
Collateral Agent meeting the qualifications set forth above, provided that in no event shall any such successor Administrative Agent or Collateral Agent be a Defaulting Lender. Whether or not a successor has been appointed, such resignation shall
become effective in accordance with such notice on the Resignation Effective Date. 
 (b) If the Person serving as
Administrative Agent or Collateral Agent is a Defaulting Lender, the Company or the Required Lenders may, to the extent permitted by applicable Law, by notice in writing to the Company (if action is taken by the Required Lenders) and such Person
remove such Person as Administrative Agent and appoint a successor and which successor shall be consented to by the Company at all times other than during the existence of an Event of Default under Sections 8.01(f) or (g) (which consent of the
Company shall not be unreasonably withheld or delayed). If no such successor shall have been so appointed by the Company or the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the
Company or the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

  
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 (c) With effect from the Resignation Effective Date or the Removal Effective
Date (as applicable) (1) the retiring or removed Administrative Agent or Collateral Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held
by the Administrative Agent or the Collateral Agent on behalf of the Lenders or the L/C Issuers under any of the Loan Documents, the retiring Administrative Agent or Collateral Agent shall continue to hold such collateral security until such time as a successor Administrative Agent or Collateral Agent is
appointed) and (2) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent or Collateral Agent, all payments, communications and determinations provided to be made by, to or through the
Administrative Agent or Collateral Agent shall instead be made by or to each Lender and each L/C
Issuer directly, until such time, if any, as the Company or the Required Lenders appoint a successor Administrative Agent or Collateral Agent as provided for above. Upon the acceptance of a
successor’s appointment as Administrative Agent or Collateral Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent or
Collateral Agent (other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent or Collateral Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the
retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section 9.09). The fees
payable by the Company to a successor Administrative Agent or Collateral Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring or removed Administrative
Agent’s or Collateral Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article IX, Section 10.04 and Section 10.05 shall continue in effect for the benefit
of such retiring or removed Administrative Agent or Collateral Agent, its sub-agents and their respective Affiliates, and the officers, directors, employees, partners, agents, advisors, attorneys-in-fact and other representatives in respect of any
actions taken or omitted to be taken by any of them (i) while the retiring or removed Administrative Agent or Collateral Agent was acting as Administrative Agent or Collateral Agent and (ii) after such resignation or removal for as long as
any of them continues to act in any capacity hereunder or under the other Loan Documents, including (a) acting as collateral agent or otherwise holding any collateral security on behalf of any of the Lenders and (b) in respect of any
actions taken in connection with transferring the agency to any successor Administrative Agent or Collateral Agent. 

(d)
 Any resignation by Bank of America, N.A. as Administrative Agent pursuant to this Section 9.09 shall also constitute its resignation as an L/C Issuer and the Swing Line Lender. If Bank of America resigns as an L/C Issuer, it shall retain all
the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto, including the right to
require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c). If Bank of America resigns as the Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided
for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans
pursuant to Section 2.04(c). Upon the appointment by the Company of a successor L/C Issuer or Swing Line Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as applicable, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties
and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements
satisfactory to Bank of America, N.A. to effectively assume the obligations of Bank of America, N.A. with respect to such Letters of Credit. 

  
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 SECTION 9.10 Administrative Agent May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to the Borrower or any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan
or L/C Obligation 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 Company or the Collateral Agent) shall be (to the fullest extent permitted by mandatory provisions of applicable Law)
entitled and empowered, by intervention in such proceeding or otherwise: 
 (a) to file and prove a claim for the
whole amount of the principal and interest owing and unpaid in respect of the Loans , L/C Obligations 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, the Collateral Agent and the Administrative Agent
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Collateral Agent and the Administrative Agent and their respective agents and counsel and all other amounts due to the Lenders, the
Collateral Agent and the Administrative Agent under Sections 2.03(h) and (i), 2.09, 10.04 and 10.05) allowed in such judicial proceeding; and 
 (b) to collect
and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian,
curator, 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 or the Collateral 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 or the Collateral Agent any amount due for the reasonable compensation, expenses, disbursements and advances of
the Agents and their respective agents and counsel, and any other amounts due the Administrative Agent or the Collateral Agent under Sections 2.09, 10.04 and 10.05. 

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 9.11 Collateral and Guaranty Matters. 

The Lenders irrevocably agree: 

(a) that any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan
Document shall be automatically released (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (x) obligations under Secured Hedge Agreements and Treasury Services Agreements not yet due and
payable and (y) contingent indemnification obligations not yet accrued and payable) and the expiration or
termination or cash collateralization of all Letters of Credit, (ii) at the time the property subject to such Lien is Disposed or to be Disposed as part of or in connection with any
Disposition permitted hereunder or under any other Loan Document to any Person other than a Person required to grant a Lien to the Administrative Agent or the Collateral Agent under the Loan Documents (or, if such transferee is a Person required to
grant a Lien to the Administrative Agent or the Collateral Agent on such asset, at the option of the applicable Loan Party, such Lien on such asset may still be released in connection with the transfer so long as (x) the transferee grants a new
Lien to the Administrative Agent or Collateral Agent on such asset substantially concurrently with the transfer of such asset, (y) the transfer is between parties organized under the laws of different jurisdictions and at least one of such
parties is a Foreign Subsidiary and (z) the priority of the new Lien is the same as that of the original Lien), (iii) subject to Section 10.01, if the release of such Lien is approved, authorized or ratified in writing by the Required
Lenders or (iv) if the property subject to such Lien is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause (c) below; 

  
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 (b) To release or subordinate any Lien on any property granted to or held by
the Administrative Agent or the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Sections 7.01(u) or (w) (in the case of clause (w), to the extent required by the terms of the obligations
secured by such Liens); 
 (c) That any Subsidiary Guarantor shall be automatically released from its obligations under the
Guaranty if such Person ceases to be a Restricted Subsidiary or becomes an Excluded Subsidiary as a result of a transaction or designation permitted hereunder; provided that no such release shall occur if such Guarantor continues to be a
guarantor in respect of the Existing RCF Credit Agreement, the Closing Date Senior Unsecured Bridge Loans, the Closing Date Senior Unsecured Notes, the Target Notes or any Junior Financing with a principal amount in excess of the Threshold Amount;

 (d) At the sole option of the Company, Parent or any existing entity constituting “Holdings” shall be released
from its obligations under the Guaranty if such entity ceases to be the direct parent of the Company as a result of a transaction or designation permitted pursuant to the definition thereof and otherwise permitted hereunder, subject to the
assumption of obligations of “Holdings” under the Loan Documents by such other Domestic Subsidiary of Parent that directly owns 100% of the issued and outstanding Equity Interests in the Company pursuant to the definition thereof; and 

(e) the Collateral Agent may, without any further consent of any Lender, enter into (i) a First Lien Intercreditor
Agreement with the collateral agent or other representatives of holders of Permitted Ratio Debt that is intended to be secured on a pari passu basis with the Obligations and/or (ii) a Junior Lien Intercreditor Agreement with the collateral
agent or other representatives of the holders of Indebtedness permitted under Section 7.03, in each case, where such Indebtedness is secured by Liens permitted under Section 7.01. The Collateral Agent may rely exclusively on a certificate
of a Responsible Officer of the Company as to whether any such other Liens are permitted. Any First Lien Intercreditor Agreement or Junior Lien Intercreditor Agreement entered into by the Collateral Agent in accordance with the terms of this
Agreement shall be binding on the Secured Parties. 
 Upon request by the Administrative Agent or the Collateral Agent at
any time, the Required Lenders will confirm in writing the Administrative Agent’s or the Collateral Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its
obligations under the Guaranty pursuant to this Section 9.11. In each case as specified in this Section 9.11, the Administrative Agent or the Collateral Agent will promptly (and each Lender irrevocably authorizes the Administrative Agent
and the Collateral Agent to), at the Company’s expense, execute and deliver to the applicable Loan Party such documents as the Company may reasonably request to evidence the release or subordination of such item of Collateral from the
assignment and security interest granted under the Collateral Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this
Section 9.11. 
 SECTION 9.12 Other Agents; Lead Arrangers and Managers. 

None of the Lenders or other Persons identified on the facing page or signature pages of this Agreement as a “global
coordinator,” “joint bookrunner” or “co-manager” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the
foregoing, none of the Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so
identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 

  
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 SECTION 9.13 Withholding Tax Indemnity. 

To the extent required by any applicable Law, the Administrative Agent may withhold from any payment to any Lender an amount
equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other authority of the United States or other jurisdiction asserts a claim that the Administrative Agent did not properly withhold Tax from amounts paid to or for
the account of any Lender for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that
rendered the exemption from, or reduction of withholding Tax ineffective), such Lender shall, within 10 days after written demand therefor, indemnify and hold harmless the Administrative Agent (to the extent that the Administrative Agent has not
already been reimbursed by the Borrower pursuant to Section 3.01 and Section 3.04 and without limiting or expanding the obligation of the Borrower to do so) for all amounts paid, directly or indirectly, by the Administrative Agent as Taxes
or otherwise, together with all expenses incurred, including legal expenses and any other out-of-pocket expenses, whether or not such Tax was correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the
amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to
such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 9.13. The agreements in this Section 9.13 shall survive the resignation and/or replacement of the Administrative
Agent, any assignment of rights by, or the replacement of, a Lender and the repayment, satisfaction or discharge of all other
Obligations. For the avoidance of doubt, the term “Lender” for purposes of this Section 9.13 shall
include each L/C Issuer and Swing Line Lender. 
 SECTION 9.14
Appointment of Supplemental Agents. 
 (a) It is the purpose of this Agreement and the other Loan Documents that there shall
be no violation of any Law of any jurisdiction denying or restricting the right of banking corporations or associations to transact business as agent or trustee in such jurisdiction. It is recognized that in case of litigation under this Agreement
or any of the other Loan Documents, and in particular in case of the enforcement of any of the Loan Documents, or in case the Administrative Agent or the Collateral Agent deems that by reason of any present or future Law of any jurisdiction it may
not exercise any of the rights, powers or remedies granted herein or in any of the other Loan Documents or take any other action which may be desirable or necessary in connection therewith, the Administrative Agent and the Collateral Agent are
hereby authorized to appoint an additional individual or institution selected by the Administrative Agent or the Collateral Agent in its sole discretion as a separate trustee, co-trustee, administrative agent, collateral agent, administrative
sub-agent or administrative co-agent (any such additional individual or institution being referred to herein individually as a “Supplemental Agent” and collectively as “Supplemental Agents”). 

(b) In the event that the Collateral Agent appoints a Supplemental Agent with respect to any Collateral, (i) each and
every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to the Collateral Agent with respect to such Collateral shall be exercisable by and vest in
such Supplemental Agent to the extent, and only to the extent, necessary to enable such Supplemental Agent to exercise such rights, powers and privileges with respect to such Collateral and to perform such duties with respect to such Collateral, and
every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by such Supplemental Agent shall run to and be enforceable by either the Collateral Agent or such Supplemental Agent, and
(ii) the provisions of this Article IX and of Sections 10.04 and 10.05 that refer to the Administrative Agent shall inure to the benefit of such Supplemental Agent and all references therein to the Collateral Agent shall be deemed to be
references to the Collateral Agent and/or such Supplemental Agent, as the context may require. 

  
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 Should any instrument in writing from the Borrower or any Loan Party be
required by any Supplemental Agent so appointed by the Administrative Agent or the Collateral Agent for more fully and certainly vesting in and confirming to him or it such rights, powers, privileges and duties, the Borrower or any Loan Party shall
execute, acknowledge and deliver any and all such instruments promptly upon request by the Administrative Agent or the Collateral Agent. In case any Supplemental Agent, or a successor thereto, shall die, become incapable of acting, resign or be
removed, all the rights, powers, privileges and duties of such Supplemental Agent, to the extent permitted by Law, shall vest in and be exercised by the Administrative Agent until the appointment of a new Supplemental Agent. 

SECTION 9.15 Certain ERISA Matters. 

Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto that at least one of the following is and will be true: 

(i) such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or
otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement, 

(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain
transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving
insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is
applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager”
(within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the
Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through
(g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 
 (iv) such other
representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender. 

  
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 (b) In addition, unless either (1) sub-clause (i) in the
immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender
further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto that the
Administrative Agent is not a fiduciary with respect to the assets of such Lender or Borrower involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and
this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

SECTION 9.16 Recovery of Erroneous Payments. 

Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder
in error to any Lender or any L/C Issuer (a “Credit
Party”), whether or not in respect of an Obligation due and owing by the Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Credit Party receiving a Rescindable Amount severally agrees to repay
to the Administrative Agent forthwith on written demand the Rescindable Amount received by such Credit Party in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable
Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. Each Credit Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed
by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each Credit Party in writing promptly upon determining that any payment made to such Credit Party comprised, in whole or in
part, a Rescindable Amount. 
 ARTICLE X 

Miscellaneous 

SECTION 10.01 Amendments, Etc. 

Except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any other Loan
Document, and no consent to any departure by the Borrower or any Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders, or by the Administrative Agent with the consent of the Required Lenders, and the Borrower or
such Loan Party and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that any amendment or waiver contemplated in clauses (g) or (i) below, shall
only require the consent of the Borrower or such Loan Party and the Required Revolving Credit Lenders or the Required Facility Lenders under the applicable Facility, as applicable; provided, further, that no such amendment, waiver or consent
shall: 
 (a) extend or increase the Commitment of any Lender without the written consent of each Lender holding such
Commitment (it being understood that a waiver of any condition precedent or of any Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension or increase of any Commitment of any Lender); 

(b) postpone any date scheduled for, or reduce or forgive the amount of, any payment of principal or interest under Sections
2.07 or 2.08 without the written consent of each Lender holding the applicable Obligation (it being understood that the waiver of (or amendment to the terms of) any mandatory prepayment of the Term Loans shall not constitute a postponement of any
date scheduled for the payment of principal or interest and it being understood that any change to the definition of “Consolidated Total Net Leverage Ratio” or in the component definitions thereof shall not constitute a reduction or
forgiveness in any rate of interest); 

  
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 (c) reduce or forgive the principal of, or the rate of interest specified
herein on, any Loan, or L/C Borrowing, or (subject to clause
(iii) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document (or change the timing of payments of such fees or other amounts) without the written consent of each Lender
holding such Loan, L/C Borrowing or to whom such fee or
other amount is owed (it being understood that any change to the definition of “Consolidated Total Net Leverage Ratio” or in the component definitions thereof shall not constitute a reduction or forgiveness in any rate of interest);
provided that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of a Borrower to pay interest at the Default Rate; 

(d) change any provision of Sections 8.04 or 10.01 or the definition of “Required Lenders,” “Required Revolving
Credit Lenders,” “Required Facility Lenders,” “Required Class Lenders” or any other provision specifying the number of Lenders or portion of the Loans or Commitments required to take any action under the Loan Documents,
without the written consent of each Lender directly affected thereby; 
 (e) other than in connection with a transaction
permitted under Sections 7.04 or 7.05, release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender; 

(f) other than in connection with a transaction permitted under Sections 7.04 or 7.05, release all or substantially all of the
aggregate value of the Guaranty, without the written consent of each Lender; 
 (g) (1) waive any condition set forth in
Section 4.02 as to any Credit Extension under one or more Revolving Credit Facilities or (2) amend, waive or otherwise modify any term or provision which directly affects Lenders under one or more Revolving Credit Facilities and does not
directly and adversely affect Lenders under any other Facility, in each case, without the written consent of the Required Facility Lenders under such applicable Revolving Credit Facility or Facilities (and in the case of multiple Facilities which
are affected, with respect to any such Facility, such consent shall be effected by the Required Facility Lenders of such Facility); provided, however, that the waivers described in this clause (g) shall not require the consent of
any Lenders other than the Required Facility Lenders under such Facility or Facilities; 
 (h) amend, waive or otherwise
modify the portion of the definition of “Interest Period” that provides for one, two, three or six month intervals to automatically allow intervals in excess of six months, without the written consent of each Lender directly affected
thereby; or 
 (i) amend, waive or otherwise modify any term or provision (including the availability and conditions to
funding under Section 2.14 with respect to Incremental Term Loans and Incremental Revolving Credit Commitments, under Section 2.15 with respect to Refinancing Term Loans and Other Revolving Credit Commitments and under Section 2.16
with respect to Extended Term Loans or Extended Revolving Credit Commitments and, in each case, the rate of interest applicable thereto) which directly affects Lenders of one or more Incremental Term Loans, Incremental Revolving Credit Commitments,
Refinancing Term Loans, Other Revolving Credit Commitments, Extended Term Loans or Extended Revolving Credit Commitments and does not directly affect Lenders under any other Facility, in each case, without the written consent of the requisite
Lenders under such applicable Incremental Term Loans, Incremental Revolving Credit Commitments, Refinancing Term Loans, Other Revolving Credit Commitments, Extended Term Loans or Extended Revolving Credit Commitments (and in the case of multiple
Facilities which are affected, with respect to any such Facility, such consent shall be effected by the Required Facility Lenders of such Facility); provided, however, that the waivers described in this clause (i) shall not require the consent
of any Lenders other than the requisite Lenders under such applicable Incremental Term Loans, Incremental Revolving Credit Commitments, Refinancing Term Loans, Other Revolving Credit Commitments, Extended Term Loans or Extended Revolving Credit
Commitments, as the case may be; 

  
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 and provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by each L/C Issuer in addition to the Lenders
required above, affect the rights or duties of an L/C Issuer under this Agreement or any Letter of Credit Issuance Request relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in
writing and signed by a Swing Line Lender in addition to the Lenders required above, affect the rights or duties of such Swing Line Lender under this Agreement; provided, however, that this Agreement may be amended to adjust the
borrowing mechanics related to Swing Line Loans with only the written consent of the Administrative Agent, the Swing Line Lender and the Company so long as the obligations of the Revolving Credit Lenders are not affected thereby; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent or the Collateral Agent, as applicable, in addition to the Lenders required above, affect the rights or duties
of, or any fees or other amounts payable to, the Administrative Agent or the Collateral Agent, as applicable, under this Agreement or any other Loan Document;
(iiiv
) Section 10.07(h) may not be amended, waived or otherwise modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such
amendment, waiver or other modification; and
(iiiv
) the consent of Lenders holding more than 50% of any Class of Commitments or Loans shall be required with respect to any amendment that by its terms adversely affects the rights of such Class in
respect of payments or Collateral hereunder in a manner different than such amendment affects other Classes. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or
consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that
(x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender, nor the principal amounts owed to such Defaulting Lender reduced or the final maturity thereof extended, and (y) any waiver,
amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms materially and adversely affects any Defaulting Lender (if such Lender were not a Defaulting Lender) to a greater extent than other affected
Lenders shall require the consent of such Defaulting Lender. 
 Notwithstanding the foregoing, no Lender consent is
required to effect any amendment or supplement to any First Lien Intercreditor Agreement, any Junior Lien Intercreditor Agreement or other intercreditor agreement or arrangement permitted under this Agreement that is for the purpose of adding the
holders of Permitted First Priority Refinancing Debt, or Permitted Second Priority Refinancing Debt, as expressly contemplated by the terms of such First Lien Intercreditor Agreement, such Junior Lien Intercreditor Agreement or such other
intercreditor agreement or arrangement permitted under this Agreement, as applicable (it being understood that any such amendment or supplement may make such other changes to the applicable intercreditor agreement as, in the good faith determination
of the Administrative Agent, are required to effectuate the foregoing and provided that such other changes are not adverse, in any material respect, to the interests of the Lenders); provided, further, that no such agreement
shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent. 

Notwithstanding the foregoing, this Agreement and any other Loan Document may be amended solely with the consent of the
Administrative Agent and the Company without the need to obtain the consent of any other Lender if such amendment is delivered in order (A) to correct or cure ambiguities, errors, omissions, defects, (B) to effect administrative changes of
a technical or immaterial nature, (C) to fix incorrect cross references or similar inaccuracies in this Agreement or the applicable Loan Document, (D) solely to add benefit to one or more existing Facilities, including but not limited to,
increase in margin, interest rate floor, prepayment premium, call protection and reestablishment of or increase in amortization schedule, in order to cause any Incremental Facility to be fungible with any existing Facility and (E) to add any
financial covenant or other terms for the benefit of all Lenders or any Class of Lenders pursuant to the conditions imposed on the incurrence of any Indebtedness set forth elsewhere in this Agreement. The Collateral Documents and related documents
in connection with this Agreement and the other Loan Documents may be in a form reasonably determined by the Administrative Agent and may be, together with this Agreement, amended, supplemented and waived with the consent of the Administrative Agent
at the request of the Company without the need to obtain the consent of any other Lender if such amendment, supplement or waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to correct or cure
ambiguities, omissions, mistakes or defects or (iii) to cause such Collateral Documents or other document to be consistent with this Agreement and the other Loan Documents. 

  
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 Notwithstanding anything in this Agreement or any other Loan Document to the
contrary, the Borrower and the Administrative Agent may enter into any Incremental Amendment in accordance with Section 2.14, Refinancing Amendment in accordance with Section 2.15 and Extension Amendment in accordance with
Section 2.16 and such Incremental Amendments, Refinancing Amendments and Extension Amendments shall be effective to amend the terms of this Agreement and the other applicable Loan Documents, in each case, without any further action or consent
of any other party to any Loan Document. 
 SECTION 10.02 Notices and Other Communications; Facsimile Copies. 

(a) General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or
under any other Loan Document shall be in writing (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number or electronic mail address, and all notices and other
communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Borrower (or any other Loan Party) or the Administrative Agent or, the Collateral Agent, an L/C Issuer or the Swing Line Lender, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone number
as shall be designated by such party in a notice to the other parties; and 
 (ii) if to any other
Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by
such party in a notice to the Company and the Administrative Agent
or, the Collateral Agent, an L/C Issuer or the Swing Line Lender. 

All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual
receipt by the relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, four (4) Business Days after deposit in the mails,
postage prepaid; (C) if delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of Section 10.02(c)), when delivered;
provided that notices and other communications to the Administrative Agent and, the Collateral Agent, an L/C Issuer and the Swing Line Lender pursuant to Article II shall
not be effective until actually received by such Person. In no event shall a voice mail message be effective as a notice, communication or confirmation hereunder. 

(b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted and/or signed by facsimile or
other electronic communication. The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually signed originals and shall be binding on the Borrower, the Loan Parties, the Agents
and the Lenders. 

  
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 (c) Reliance by Agents and Lenders. The Administrative Agent, the
Collateral Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed
Loan Notices and Swing Line Loan Notices) purportedly given by or
on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the
recipient, varied from any confirmation thereof. Each Borrower shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by
or on behalf of the Borrower in the absence of gross negligence or willful misconduct as determined in a final and non-appealable judgment by a court of competent jurisdiction. All telephonic notices to the Administrative Agent or Collateral Agent
may be recorded by the Administrative Agent or the Collateral Agent, and each of the parties hereto hereby consents to such recording. 

SECTION 10.03 No Waiver; Cumulative Remedies. 

No failure by any Lender or the Administrative Agent or the Collateral Agent to exercise, and no delay by any such Person in
exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by Law. 
 SECTION 10.04 Attorney Costs and Expenses. 

The Borrower agrees (a) if the Closing Date occurs, to pay or reimburse the Administrative Agent, the Collateral Agent, L/C Issuers, the Global Coordinators and the Joint Bookrunners for all
reasonable and documented out-of-pocket costs and expenses incurred in connection with the preparation, negotiation, syndication and execution of this Agreement and the other Loan Documents, and any amendment, waiver, consent or other modification
of the provisions hereof and thereof (whether or not the transactions contemplated thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby (including all Attorney Costs, which shall be
limited to one counsel for the Administrative Agent, the Global Coordinators and the Joint Bookrunners, taken as a whole, and one local counsel as reasonably necessary in each relevant jurisdiction material to the interests of the Lenders, taken as
a whole) and (b) from and after the Closing Date, to pay or reimburse the Administrative Agent, the Collateral Agent,
L/C Issuers, the Global Coordinators, the Joint Bookrunners
and each Lender for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of any rights or remedies under this Agreement or the other
Loan Documents (including all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and including all respective Attorney Costs which shall be limited to Attorney Costs of one counsel to
the Administrative Agent, the Global Coordinators and the Joint Bookrunners, taken as a whole (and one local counsel as reasonably necessary in each relevant jurisdiction material to the interests of the Lenders taken as a whole)). The foregoing
costs and expenses shall include all reasonable search, filing and recording charges relating to Collateral and fees related thereto, and other reasonable and documented out-of-pocket expenses incurred by any Agent. The agreements in this
Section 10.04 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid within thirty (30) days of receipt by the Company of an invoice
relating thereto setting forth such expenses in reasonable detail including, if requested by the Company and to the extent reasonably available, backup documentation supporting such reimbursement request; provided that with respect to the
Closing Date, all amounts due under this Section 10.04 shall be paid on the Closing Date solely to the extent invoiced to the Company within three Business Days of the Closing Date. If the Borrower or any Loan Party fails to pay when due any
costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of the Borrower or such Loan Party by the Administrative Agent in its sole discretion. For the avoidance of doubt, this
Section 10.04 shall not apply to Taxes, except any Taxes that represent liabilities, obligations, losses, damages, penalties, claims, demands, actions, prepayments, suits, costs, expenses and disbursements arising from any non-Tax claims.

  
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 SECTION 10.05 Indemnification by the Borrower. 

The Borrower shall indemnify and hold harmless each Agent-Related Person, each Lender and their respective Affiliates, and
their respective officers, directors, employees, partners, agents, advisors and other representatives of each of the foregoing (collectively the “Indemnitees”) from and against any and all liabilities (including Environmental
Liabilities), obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs but limited in the case of legal fees and expenses to the reasonable and documented
out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, one local counsel for all Indemnitees taken as a whole in each relevant jurisdiction that is material to the
interests of the Lenders, and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction to each group of similarly situated affected Indemnitees, taken as a whole) of any kind or nature whatsoever which may
at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Loan Document or any
other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment or, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom including any refusal by
an L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit or
(c) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or
threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”) in all cases, whether or not caused by or
arising, in whole or in part, out of the negligence of the Indemnitee; provided that, notwithstanding the foregoing, such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses,
damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Affiliates or their respective directors,
officers, employees, partners, agents, advisors or other representatives, as determined by a final non-appealable judgment of a court of competent jurisdiction, (y) a material breach of any obligations under any Loan Document by such Indemnitee
or any of its Affiliates or their respective directors, officers, employees, partners, agents, advisors or other representatives, as determined by a final non-appealable judgment of a court of competent jurisdiction or (z) any dispute solely
among Indemnitees (other than any claims against an Indemnitee in its capacity or in fulfilling its role as an agent or arranger or any similar role
or as a letter of credit issuer or swing line bank under any Facility and other than any claims arising out of any act or omission of Holdings, the Borrower or any of their Affiliates). No Indemnitee shall be liable for any damages arising from the use by others of any information
or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement, nor shall any Indemnitee, Loan Party or any Subsidiary have any liability for any special, punitive, indirect or
consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of the Borrower or any Loan Party,
in respect of any such damages incurred or paid by an Indemnitee to a third party and for any out-of-pocket expenses); it being agreed that this sentence shall not limit the indemnification obligations of Holdings, the Borrower or any Subsidiary. In
the case of an investigation, litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, any
Subsidiary of any Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of
the other Loan Documents are consummated. All amounts due under this Section 10.05 shall be paid within thirty (30) days after written demand therefor (together with backup documentation supporting such reimbursement request);
provided, however, that such Indemnitee shall promptly refund the amount of any payment to the extent that there is a final judicial or arbitral determination that such Indemnitee was not entitled to indemnification rights with respect
to such payment pursuant to the express terms of this Section 10.05. The agreements in this Section 10.05 shall survive the resignation of the Administrative Agent or Collateral Agent, the replacement of any Lender, the termination of the
Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. For the avoidance of doubt, this Section 10.05 shall not apply to Taxes, except any Taxes that represent liabilities, obligations, losses, damages,
penalties, claims, demands, actions, prepayments, suits, costs, expenses and disbursements arising from any non-Tax claims. 

  
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 SECTION 10.06 Payments Set Aside. 

To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender
exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by
such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied shall, to the fullest extent possible under provisions of applicable Law, be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and
(b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is made at
a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment. 

SECTION 10.07 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender (except as permitted by
Section 7.04) and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Assignee pursuant to an assignment made in accordance with the provisions of Section 10.07(b) (such an assignee,
an “Eligible Assignee”) in the case of any Assignee that is Holdings or any of its Subsidiaries, Section 10.07(m), (ii) by way of participation in accordance with the provisions of Section 10.07(f), (iii) by way
of pledge or assignment of a security interest subject to the restrictions of Section 10.07(h) or (iv) to an SPC in accordance with the provisions of Section 10.07(i) (and any other attempted assignment or transfer by any party hereto
shall be null and void); provided, however, that notwithstanding anything to the contrary, (x) no Lender may assign or transfer by participation any of its rights or obligations hereunder to (i) any Person that is a
Defaulting Lender or a Disqualified Lender, (ii) a natural Person or (iii) to Holdings, the Borrower or any of their respective Subsidiaries or Affiliates (except, in the case of Holdings, the Borrower and any of their respective
Subsidiaries, pursuant to Section 2.05(a)(v) or Section 10.07(m)) and (y) no Lender may assign any Revolving Credit Commitments or Revolving Credit Exposure hereunder without the consent of the Company (not to be unreasonably withheld
or delayed) unless (i) such assignment is to a Revolving Credit Lender or to an Affiliate of a Revolving Credit Lender of similar creditworthiness or (ii) an Event of Default under Section 8.01(a) or, solely with respect to the
Company, Section 8.01(f) has occurred and is continuing; provided that the Company shall be deemed to have consented to any assignment of Term Loans unless the Company shall have objected thereto within ten (10) Business Days after
having received written notice thereof. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in Section 10.07(f) and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below,
any Lender may assign to one or more assignees (“Assignees”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including, in the case of any Revolving Credit Lender, for purposes of this Section 10.07(b), participations in L/C
Obligations and in Swing Line Loans) at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 

(A) the Company; provided that no consent of the Company shall be required for (i) an assignment
of all or any portion of the Term Loans to a Lender, an Affiliate of a Lender or an Approved Fund, (ii) an assignment related to Revolving Credit Commitments or Revolving Credit Exposure to a Revolving Credit Lender or to an Affiliate of a
Revolving Credit Lender of similar creditworthiness, (iii) if an Event of Default under Section 8.01(a) or, solely with respect to the Company, Section 8.01(f) has occurred and is continuing or (iv) an assignment of all or a
portion of the Loans pursuant to Section 10.07(m); and 

(B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required
for an assignment (i) of all or any portion of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund or (ii) all or any portion of the Loans pursuant to Section 10.07(m).;  
 (C) solely in the case of an assignment related to Revolving Credit Commitments or Revolving Credit Exposure, each L/C Issuer
at the time of such assignment; and 
 (D) solely in the case of an assignment related to Revolving Credit Commitments or Revolving Credit Exposure, the Swing Line
Lender. 
 (ii) Assignments shall be subject to
the following additional conditions: 
 (A) except in the case of an assignment to a Lender, an Affiliate of
a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined
as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than an amount of $5,000,000 (in the case of a Revolving Credit Loan or Revolving Credit Commitment), $1,000,000
(in the case of a Term Loan), and shall be in increments of an amount of $5,000,000 (in the case of a Revolving Credit Loan or Revolving Credit Commitment) or $1,000,000 (in the case of Term Loans) in excess thereof (provided that
simultaneous assignments to or from two or more Approved Funds shall be aggregated for purposes of determining compliance with this Section 10.07(b)(ii)(A)), unless each of the Company and the Administrative Agent otherwise consents;
provided that such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any; 

  
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 (B) the parties to each assignment shall execute and
deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the Administrative Agent (or if previously agreed with the Administrative Agent, manually), together with a processing and recordation
fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent); provided that only one such fee shall be payable in the event of simultaneous assignments to or from two or more Approved Funds; and 

(C) other than in the case of assignments pursuant to Section 10.07(m), the Assignee, if it shall not be
a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire (in which the Assignee shall designate one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about
the Loan Parties and their Affiliates or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including federal and state
securities laws) and all applicable tax forms required pursuant to Section 3.01(d). 
 In connection with any
assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional
payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions,
including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby
irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate)
its full pro rata share of all Loans and, in the case of any Revolving Credit Lender, participations in Letters of
Credit and Swing Line Loans in accordance with its Pro Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder
shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

 (c) Subject to acceptance and recording thereof by the Administrative Agent pursuant to Sections 10.07(d) and (e),
from and after the effective date specified in each Assignment and Assumption, (1) other than in connection with an assignment pursuant to Section 10.07(m), the Eligible Assignee thereunder shall be a party to this Agreement and, to the
extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and (2) the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto
but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, and the surrender by the assigning
Lender of its Note, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this clause (c) shall be
treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.07(f). 

  
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 (d) The Administrative Agent, acting solely for this purpose as an agent of
the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it, and each notice of cancellation of any Loans delivered by the Borrower pursuant to Section 10.07(m) and a register
for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and related interest amounts) of the Loans
, L/C Obligations (specifying the Unreimbursed Amounts), L/C Borrowings and the amounts due under
Section 2.03, owing to each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error,
and the Borrower, the Agents and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register
shall be available for inspection by the Borrower, any Agent and, with respect to such Lender’s own interest only, any Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section 10.07(d) and
Section 2.11 shall be construed so that all Loans are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related Treasury regulations (or any other
relevant or successor provisions of the Code or of such Treasury regulations). Notwithstanding the foregoing, in no event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to whether any Lender is an Affiliate of
Holdings, the Borrower or any Subsidiary thereof. 
 (e) Upon its receipt of, and consent to, a duly completed
Assignment and Assumption executed by an assigning Lender and an Assignee, an Administrative Questionnaire completed in respect of the assignee (unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to
in paragraph (b) above, if applicable, and the written consent of the Administrative Agent, if required, and, if required, the
Company, the Swing Line Lender and each L/C Issuer to such
assignment and any applicable tax forms required pursuant to Section 3.01(d), the Administrative Agent shall promptly (i) accept such Assignment and Assumption and (ii) record the information contained therein in the Register. No
assignment shall be effective unless it has been recorded in the Register as provided in this paragraph (e). 
 (f)
Any Lender may at any time sell participations to any Person (each, a “Participant”), in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the
Loans (including, in the case of any Revolving Credit Lender, such Lender’s participations in L/C Obligations
and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Agents and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights
and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve
any amendment, modification or waiver of any provision of this Agreement or the other Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
amendment, waiver or other modification described in the first proviso to Section 10.01 that requires the affirmative vote of such Lender. Subject to Section 10.07(g), the Borrower agrees that each Participant shall be entitled to the
benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations of such Sections) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.07(c). To the extent permitted
by applicable Law, each Participant also shall be entitled to the benefits of Section 10.09 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.13 as though it were a Lender. Each Lender that
sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to
any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or Letters of Credit or its other obligations under any Loan Document) except to the extent that such
disclosure is necessary in connection with an audit or other proceeding to establish that such Commitment, Loan,
Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive
absent manifest error and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 

  
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 (g) A Participant shall not be entitled to receive any greater payment under
Sections 3.01, 3.04 or 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior
written consent, not to be unreasonably withheld or delayed. 
 (h) Any Lender may, without the consent of the Borrower or
the Administrative Agent, at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(i) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a
special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting
Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, (ii) if an SPC elects not to exercise such option or otherwise fails
to make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof and (iii) such SPC and the applicable Loan or any applicable part thereof, shall be appropriately reflected in the
Participant Register. Each party hereto hereby agrees that (i) an SPC shall be entitled to the benefit of Sections 3.01, 3.04 and 3.05 (subject to the requirements and the limitations of such Section), but neither the grant to any SPC nor the
exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement except in the case of Sections 3.01 or 3.04, to the extent that the grant to the SPC was
made with the prior written consent of the Company (not to be unreasonably withheld or delayed; for the avoidance of doubt, the Company shall have reasonable basis for withholding consent if an exercise by SPC immediately after the grant would
result in materially increased indemnification obligations to the Borrower at such time), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii) the
Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the
Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Company
and the Administrative Agent and with the payment of a processing fee of $3,500, assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public
information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement to such SPC. 

(j) Notwithstanding anything to the contrary contained herein, without the consent of the Company or the Administrative Agent,
(1) any Lender may in accordance with applicable Law create a security interest in all or any portion of the Loans owing to it and the Note, if any, held by it and (2) any Lender that is a Fund may create a security interest in all or any
portion of the Loans owing to it and the Note, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security for such obligations or securities; provided that unless and until such trustee
actually becomes a Lender in compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the pledging Lender from any of its obligations under the Loan Documents and (ii) such trustee shall not be
entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise. 

  
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(k) [Reserved]. 

(k)
 Notwithstanding anything to the contrary contained herein, any L/C Issuer or Swing Line Lender may, upon thirty (30) days’ notice to the Company and the Lenders, resign as an L/C Issuer or Swing Line Lender, respectively; provided
that on or prior to the expiration of such 30-day period with respect to such resignation, the relevant L/C Issuer or Swing Line Lender shall have identified a successor L/C Issuer or Swing Line Lender reasonably acceptable to the Company and the
Administrative Agent willing to accept its appointment as successor L/C Issuer or Swing Line Lender, as applicable. In the event of any such resignation of an L/C Issuer or Swing Line Lender, the Company shall be entitled to appoint, with the
consent of the Administrative Agent, from among the Lenders willing to accept such appointment a successor L/C Issuer or Swing Line Lender hereunder; provided that no failure by the Company to appoint any such successor shall affect the
resignation of the relevant L/C Issuer or the Swing Line Lender, as the case may be, except as expressly provided above. If an L/C Issuer resigns as an L/C Issuer, it shall retain all the rights and obligations of an L/C Issuer hereunder with
respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c)). If the Swing Line Lender resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding
as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans, Eurocurrency Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). 
 (l) Any assignment of Commitments or Loans by a Lender or all or a portion of
its rights and obligations among the Facilities shall not be required to be made on a pro rata basis among each of the Facilities. 

(m) Any Lender may, so long as no Default or Event of Default has occurred and is continuing and no proceeds of Revolving
Credit Borrowings or any other revolving facility are applied to fund the consideration for any such assignment, at any time, assign all or a portion of its rights and obligations with respect to Term Loans under this Agreement to HGVI, Holdings or
the Borrower through (x) Dutch auctions open to all Lenders on a pro rata basis in accordance with procedures of the type described in Section 2.05(a)(v) or (y) notwithstanding Sections 2.12 and 2.13 or any other provision in this
Agreement, open market purchase on a non-pro rata basis; provided that in connection with assignments pursuant to clause (y) above: 

(i) if HGVI or Holdings is the assignee, upon such assignment, transfer or contribution, HGVI or Holdings shall
automatically be deemed to have contributed the principal amount of such Term Loans, plus all accrued and unpaid interest thereon, to the Borrower; or 

(ii) if the assignee is the Borrower (including through contribution or transfers set forth in clause
(i) above), (A) the principal amount of such Term Loans, along with all accrued and unpaid interest thereon, so contributed, assigned or transferred to the Borrower shall be deemed automatically cancelled and extinguished on the date of
such contribution, assignment or transfer, (B) the aggregate outstanding principal amount of Term Loans of the remaining Lenders shall reflect such cancellation and extinguishing of the Term Loans then held by the Borrower and (C) the
Borrower shall promptly provide notice to the Administrative Agent of such contribution, assignment or transfer of such Term Loans, and the Administrative Agent, upon receipt of such notice, shall reflect the cancellation of the applicable Term
Loans in the Register. 

  
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 SECTION 10.08 Confidentiality. 

Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information and not to disclose such
information, except that Information may be disclosed (a) to its Affiliates and its and its Affiliates’ managers, administrators, directors, officers, employees, trustees, partners, investors, investment advisors and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to
the extent requested by any Governmental Authority or self-regulatory authority having or asserting jurisdiction over such Person (including any Governmental Authority or examiner (including the National Association of Insurance Commissioners or any
other similar organization) regulating any Lender or its Affiliates); provided that the Administrative Agent or such Lender, as applicable, agrees that it will notify the Borrower as soon as practicable in the event of any such disclosure by
such Person (other than at the request of a regulatory authority or examiner) unless such notification is prohibited by law, rule or regulation; (c) to the CUSIP Service Bureau or any similar agency in connection with the issuance and
monitoring of CUSIP numbers with respect to the Facilities or market data collectors, similar services providers to the lending industry and service providers to the Administrative Agent in connection with the administration and management of this
Agreement and the Loan Documents; (d) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process; provided that the Administrative Agent or such Lender, as applicable, agrees that it will notify
the Borrower as soon as practicable in the event of any such disclosure by such Person (other than at the request of a regulatory authority or examiner) unless such notification is prohibited by law, rule or regulation; (e) to any other party
to this Agreement; (f) subject to an agreement containing provisions at least as restrictive as those set forth in this Section 10.08 (or as may otherwise be reasonably acceptable to the Borrower), to any pledgee referred to in
Section 10.07(h), counterparty to a Swap Contract, Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in any of its rights or obligations under this Agreement (provided that the disclosure of
any such Information to any Lenders or Eligible Assignees or Participants shall be made subject to the acknowledgement and acceptance by such Lender, Eligible Assignee or Participant that such Information is being disseminated on a confidential
basis (on substantially the terms set forth in this Section 10.08 or as otherwise reasonably acceptable to the Borrower, including, without limitation, as agreed in any Borrower Materials) in accordance with the standard processes of the
Administrative Agent or customary market standards for dissemination of such type of Information; (g) with the written consent of the Company; (h) to the extent such Information becomes publicly available other than as a result of a breach
of this Section 10.08 or becomes available to the Administrative Agent, the Global Coordinators, the Joint Bookrunners, any
Lender, the L/C Issuer or any of their respective Affiliates on a
nonconfidential basis from a source other than a Borrower, a Loan Party or their respective Affiliates (so long as such source is not known to the Administrative Agent, the Global Coordinators, the Joint Bookrunners, such Lender, such L/C Issuer or any of their respective Affiliates to be bound by
confidentiality obligations to the Borrower or any Loan Party); (i) to any Governmental Authority or examiner (including the National Association of Insurance Commissioners or any other similar organization) regulating any Lender; (j) to
any rating agency when required by it (it being understood that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to Loan Parties and their Subsidiaries received by it from
such Lender) or to the CUSIP Service Bureau or any similar organization; (k) in connection with the exercise of any remedies hereunder, under any other Loan Document or the enforcement of its rights hereunder or thereunder or (l) to the
extent such Information is independently developed by the Administrative Agent, the Global Coordinators, the Joint Bookrunners, such
Lender, such L/C Issuer or any of their respective
Affiliates; provided that no disclosure shall be made to any Disqualified Lender. In addition, the Agents and the Lenders may disclose the existence of this Agreement and publicly available information about this Agreement to market data
collectors, similar service providers to the lending industry, and service providers to the Agents and the Lenders in connection with the administration and management of this Agreement, the other Loan Documents, the Commitments, and the Credit
Extensions. For the purposes of this Section 10.08, “Information” means all information received from the Borrower or the Loan Parties relating to the Borrower, any Loan Party, its Affiliates or its Affiliates’ directors,
managers, officers, employees, trustees, investment advisors or agents, relating to Holdings, the Borrower or any of their Subsidiaries or its business, other than any such information that is publicly available to any Agent, any L/C Issuer or any Lender prior to disclosure by the Borrower or
any Loan Party other than as a result of a breach of this Section 10.08; provided that all information received after the Closing Date from Parent, Holdings, the Borrower or any of its Subsidiaries shall be deemed confidential unless
such information is clearly identified at the time of delivery as not being confidential. 

  
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 SECTION 10.09 Setoff. 

In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any
Event of Default, each Lender and its Affiliates (and the Collateral Agent, in respect of any unpaid fees, costs and expenses payable hereunder) is authorized at any time and from time to time, without prior notice to the Borrower, any such notice
being waived by the Company (on its own behalf and on behalf of each Loan Party and each of its Subsidiaries) to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held by, and other Indebtedness at any time owing by, such Lender and its Affiliates or the Collateral Agent to or for the credit or the account of the respective Loan Parties and their Subsidiaries against any and
all Obligations owing to such Lender and its Affiliates or the Collateral Agent hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or not such Agent or such Lender or Affiliate shall have made demand under
this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit or Indebtedness; provided that in the event that any Defaulting
Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.17 and, pending such payment,
shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative
Agent, the L/C Issuers, and the Lenders, and (y) the
Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. Each Lender agrees promptly to notify the
Company and the Administrative Agent after any such set off and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of the Administrative
Agent, the Collateral Agent and each Lender under this Section 10.09 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent, the Collateral Agent and such Lender may have. No amounts set
off from any Guarantor shall be applied to any Excluded Swap Obligations of such Guarantor. 
 SECTION 10.10 Interest
Rate Limitation. 
 Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any 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 an Agent or a Lender exceeds the
Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof,
and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

  
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 SECTION 10.11 Counterparts. 

This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be
effective as delivery of an original executed counterpart of this Agreement and such other Loan Document. The Agents may also require that any such documents and signatures delivered by telecopier or other electronic transmission be confirmed by a
manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or other electronic transmission. 

SECTION 10.12 Integration; Termination. 

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

SECTION 10.13 Survival of Representations and Warranties. 

All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto
or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by each Agent and each Lender, regardless of any investigation made
by any Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or
any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain
outstanding. 
 SECTION 10.14 Severability. 

If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.14, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by
Debtor Relief Laws, as determined in good faith by the Administrative Agent, the L/C Issuer or the Swing Line Lender,
as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

SECTION 10.15 GOVERNING LAW. 

(a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK. 

  
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 (b) ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY
WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN THE
COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH BORROWER, EACH LOAN PARTY, EACH AGENT AND EACH LENDER CONSENTS, FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS AND AGREES THAT IT WILL NOT COMMENCE OR SUPPORT ANY SUCH ACTION OR PROCEEDING IN ANOTHER JURISDICTION. EACH BORROWER, EACH LOAN PARTY, EACH AGENT AND EACH LENDER
IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT
OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN
TELECOPIER OR OTHER ELECTRONIC TRANSMISSION) IN SECTION 10.02. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

SECTION 10.16 WAIVER OF RIGHT TO TRIAL BY JURY. 

TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF
ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED
THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.16 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

SECTION 10.17 Binding Effect. 

This Agreement shall become effective when it shall have been executed by the Borrower, Loan Parties, the Administrative
Agent, the Collateral Agent, the L/C Issuers, and the
Administrative Agent shall have been notified by each Lender, the Swing Line Lender and the L/C
Issuers that each Lender, the Swing Line Lender and the L/C
Issuers have executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, Loan Parties, each Agent and each Lender and their respective successors and assigns, in
each case in accordance with Section 10.07 (if applicable) and except that no Borrower or Loan Party shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lenders except as permitted
by Section 7.04. 

  
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 SECTION 10.18 USA PATRIOT Act. 

Each Lender that is subject to the USA PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender)
hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Borrower or Loan Party, which information includes the name, address and tax
identification number of the Borrower or Loan Party and other information regarding the Borrower or Loan Party that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower or Loan Party in accordance with the USA
PATRIOT Act. This notice is given in accordance with the requirements of the USA PATRIOT Act and is effective as to the Lenders and the Administrative Agent. 

SECTION 10.19 No Advisory or Fiduciary Responsibility. 

(a) In connection with all aspects of each transaction contemplated hereby, each Borrower and each Loan Party acknowledges and
agrees, and acknowledges its Affiliates’ understanding, that (i) the facilities provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Borrower and their respective Affiliates, on the one hand, and the Agents, the Global Coordinators, the Joint Bookrunners and the Lenders,
on the other hand, and the Borrower are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or
other modification hereof or thereof), (ii) in connection with the process leading to such transaction, each of the Agents, the Global Coordinators, the Joint Bookrunners and the Lenders is and has been acting solely as a principal and is not
the financial advisor, agent or fiduciary, for the Borrower or any of their respective Affiliates, stockholders, creditors or employees or any other Person, (iii) none of the Agents, the Global Coordinators, the Joint Bookrunners or the Lenders
has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Borrower with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other
modification hereof or of any other Loan Document (irrespective of whether any Agent or Lender has advised or is currently advising the Borrower or any of their respective Affiliates on other matters) and none of the Agents, the Global Coordinators,
the Joint Bookrunners or the Lenders has any obligation to the Borrower or any of their respective Affiliates with respect to the financing transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan
Documents, (iv) the Agents, the Global Coordinators, the Joint Bookrunners and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from, and may conflict with, those of
the Borrower and their respective Affiliates, and none of the Agents, the Global Coordinators, the Joint Bookrunners or the Lenders has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship and
(v) the Agents, the Global Coordinators, the Joint Bookrunners and the Lenders have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any
amendment, waiver or other modification hereof or of any other Loan Document) and the Borrower and the Loan Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate. Each Borrower and
each Loan Party hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against the Agents, the Global Coordinators, the Joint Bookrunners and the Lenders with respect to any breach or alleged breach of agency
or fiduciary duty under applicable law relating to agency and fiduciary obligations. 
 Each Borrower and each Loan Party
acknowledges and agrees that each Lender, the Global Coordinators, the Joint Bookrunners and any affiliate thereof may lend money to, invest in, and generally engage in any kind of business with, any of the Borrower, Holdings, any Affiliate thereof
or any other person or entity that may do business with or own securities of any of the foregoing, all as if such Lender, the Global Coordinators, the Joint Bookrunners or Affiliate thereof were not an Lender or the Global Coordinators or the Joint
Bookrunners (or an agent or any other person with any similar role under the Facilities) and without any duty to account therefor to any other Lender, the Global Coordinators, the Joint Bookrunners, Holdings, the Borrower or any Affiliate of the
foregoing. Each Lender, the Global Coordinators, the Joint Bookrunners and any affiliate thereof may accept fees and other consideration from Holdings, the Borrower or any Affiliate thereof for services in connection with this Agreement, the
Facilities or otherwise without having to account for the same to any other Lender, the Global Coordinators, the Joint Bookrunners, Holdings, the Borrower or any Affiliate of the foregoing. Some or all of the Lenders, the Global Coordinators and the
Joint Bookrunners may have directly or indirectly acquired certain equity interests (including warrants) in Holdings, the Borrower or an Affiliate thereof or may have directly or indirectly extended credit on a subordinated basis to Holdings, the
Borrower or an Affiliate thereof. Each party hereto, on its behalf and on behalf of its affiliates, acknowledges and waives the potential conflict of interest resulting from any such Lender, the Global Coordinator, the Joint Bookrunners or an
Affiliate thereof holding disproportionate interests in the extensions of credit under the Facilities or otherwise acting as arranger or agent thereunder and such Lender, the Global Coordinators, the Joint Bookrunners or Affiliate thereof directly
or indirectly holding equity interests in or subordinated debt issued by Holdings, the Borrower or an Affiliate thereof. 

  
 202 

 SECTION 10.20 [Reserved]. 

SECTION 10.21 Effect of Certain Inaccuracies. 

In the event that any financial statement or Compliance Certificate previously delivered pursuant to Section 6.02 was
inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Rate for any period (an
“Applicable Period”) than the Applicable Rate applied for such Applicable Period, then (i) the Company shall as soon as practicable deliver to the Administrative Agent a corrected financial statement and a corrected Compliance
Certificate for such Applicable Period, (ii) the Applicable Rate shall be determined based on the corrected Compliance Certificate for such Applicable Period, and (iii) the Company shall within 15 days after the delivery of the corrected
financial statements and Compliance Certificate pay to the Administrative Agent the accrued additional interest or fees owing as a result of such increased Applicable Rate for such Applicable Period. This Section 10.21 shall not limit the
rights of the Administrative Agent or the Lenders with respect to Sections 2.08(b) and 8.01; provided that any underpayment due to change in Applicable Rate shall not in itself constitute a Default or Event of Default under
Section 8.01 so long as such additional interest or fees are paid within the 15-day period set forth above. 

SECTION 10.22 Judgment Currency. 

If for the purposes of obtaining judgment in any court it is necessary to convert a sum due from the Borrower hereunder in the
currency expressed to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures any Lender could purchase the specified currency with such other currency at such Lender’s New York office on the Business Day preceding that on which final judgment is given. The obligations of the
Borrower in respect of any sum due to any Lender hereunder shall, notwithstanding any judgment in a currency other than the specified currency, be discharged only to the extent that on the Business Day following receipt by such Lender of any sum
adjudged to be so due in such other currency such Lender may in accordance with normal banking procedures purchase the specified currency with such other currency; if the amount of the specified currency so purchased is less than the sum originally
due to such Lender in the specified currency, the Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify the Lender against such loss, and if the amount of
the specified currency so purchased exceeds the sum originally due to such Lender in the specified currency, such Lender agrees to remit such excess to the Borrower. 

  
 203 

 SECTION 10.23 Acknowledgement and Consent to Bail-In of Affected Financial
Institutions. 
 Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or
understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the
Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto to any Lender that is an Affected Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such
Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect
to any such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms
of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 

SECTION 10.24 Cashless Rollovers. 

Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, to the extent that any
Lender extends the maturity date of, or replaces, renews or refinances, any of its then-existing Loans with Incremental Facilities, Facilities in connection with any Refinancing Series, Extended Term Loans, Extended Revolving Credit Loans or loans
incurred under a new credit facility, in each case, to the extent such extension, replacement, renewal or refinancing is effected by means of a “cashless roll” by such Lender, such extension, replacement, renewal or refinancing shall be
deemed to comply with any requirement hereunder or any other Loan Document that such payment be made “in Dollars,” “in immediately available funds,” “in cash” or any other similar requirement. 

SECTION 10.25 Acknowledgement Regarding Any Supported QFCs. 

To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract or any other
agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal
Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York
and/or of the United States or any other state of the United States): 

  
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 (a) In the event a Covered Entity that is party to a Supported QFC (each, a
“Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC
and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime
if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a
Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party
are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the
United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or
any QFC Credit Support. 
 (b) As used in this Section 10.25, the following terms have the following meanings: 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted
in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the following:
(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12
C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term
“qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 

SECTION 10.26 Electronic Execution of Agreement Communications. 

This Agreement and any document, amendment, approval, consent, information, notice, certificate, request, statement,
disclosure or authorization related to this Agreement (each an “Agreement Communication”), including Agreement Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic
Signatures. Each of the Loan Parties agrees that any Electronic Signature on or associated with any Agreement Communication shall be valid and binding on each of the Loan Parties to the same extent as a manual, original signature, and that any
Agreement Communication entered into by Electronic Signature will constitute the legal, valid and binding obligation of each of the Loan Parties enforceable against such Loan Party in accordance with the terms thereof to the same extent as if a
manually executed original signature was delivered. Any Agreement Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same
Agreement Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent and each of the Lenders of a manually signed paper Agreement Communication
which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Agreement Communication converted into another format for transmission, delivery and/or retention. The Administrative Agent and each of the
Lenders may, at its option, create one or more copies of any Agreement Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s
business, and destroy the original paper document. All Agreement Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and
enforceability as a paper record. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the
Administrative Agent pursuant to procedures approved by it; provided, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lenders
shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan party without further verification and (ii) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be
promptly followed by such manually executed counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be
amended from time to time. 

  
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 SECTION 10.27 Know-Your-Customer, Etc. 

Each Lender shall, promptly following a request by the Administrative Agent, provide all documentation and other information
that the Administrative Agent reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial
Ownership Regulation. 
 ARTICLE XI 

Guaranty 
 SECTION
11.01 The Guaranty. 
 Each Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary
obligor and not merely as a surety to each Secured Party and their respective successors and assigns, the prompt payment in full when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the
principal of and interest (including any interest, fees, costs or charges that would accrue but for the provisions of (i) Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code
and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each Lender of, the Borrower, and all other Obligations (other than with respect to any Guarantor, Excluded Swap Obligations of such Guarantor)
from time to time owing to the Secured Parties by the Borrower or any Loan Party under any Loan Document or any Secured Hedge Agreement or any Treasury Services Agreement, in each case strictly in accordance with the terms thereof (such obligations
being herein collectively called the “Guaranteed Obligations”). The Guarantors hereby jointly and severally agree that if the Borrower or other Guarantor(s) shall fail to pay in full when due (whether at stated maturity, by
acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed
Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal. 

SECTION 11.02 Obligations Unconditional. 

The obligations of the Guarantors under Section 11.01 shall constitute a guarantee of payment and to the fullest extent
permitted by applicable Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of the Borrower under this Agreement, the
Notes, if any, or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance
whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or Guarantor (except for payment in full). Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the
following shall not alter or impair the liability of the Guarantors hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as described above: 

  
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 (i) at any time or from time to time, without notice to the
Guarantors, to the extent permitted by Law, the time for any performance of or compliance with any of the Guaranteed Obligations shall be extended, or such performance or compliance shall be waived; 

(ii) any of the acts mentioned in any of the provisions of this Agreement or the Notes, if any, or any other
agreement or instrument referred to herein or therein shall be done or omitted; 
 (iii) the maturity of any
of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be amended in any respect, or any right under the Loan Documents or any other agreement or instrument referred to herein or therein shall be amended or
waived in any respect or any other guarantee of any of the Guaranteed Obligations or except as permitted pursuant to Section 11.10 any security therefor shall be released or exchanged in whole or in part or otherwise dealt with; 

(iv) any Lien or security interest granted to, or in favor of, an L/C Issuer or any Lender or Agent as security for any of the
Guaranteed Obligations shall fail to be perfected; or 
 (v) the release of any other Guarantor
pursuant to Section 11.10. 
 The Guarantors hereby expressly waive diligence, presentment, demand of payment, protest
and, to the extent permitted by Law, all notices whatsoever, and any requirement that any Secured Party exhaust any right, power or remedy or proceed against the Borrower under this Agreement or the Notes, if any, or any other agreement or
instrument referred to herein or therein, or against any other person under any other guarantee of, or security for, any of the Guaranteed Obligations. The Guarantors waive, to the extent permitted by Law, any and all notice of the creation,
renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of reliance by any Secured Party upon this Guaranty or acceptance of this Guaranty, and the Guaranteed Obligations, and any of them, shall
conclusively be deemed to have been created, contracted or incurred in reliance upon this Guaranty, and all dealings between the Borrower and the Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance
upon this Guaranty. This Guaranty shall be construed as a continuing, absolute, irrevocable and unconditional guarantee of payment without regard to any right of offset with respect to the Guaranteed Obligations at any time or from time to time held
by Secured Parties, and the obligations and liabilities of the Guarantors hereunder shall not be conditioned or contingent upon the pursuit by the Secured Parties or any other person at any time of any right or remedy against the Borrower or against
any other person which may be or become liable in respect of all or any part of the Guaranteed Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto. This Guaranty shall remain in full force and
effect and be binding in accordance with and to the extent of its terms upon the Guarantors and the successors and assigns thereof, and shall inure to the benefit of the Lenders, and their respective successors and assigns, notwithstanding that from
time to time during the term of this Agreement there may be no Guaranteed Obligations outstanding. 
 SECTION 11.03
Reinstatement. 
 The obligations of the Guarantors under this Article XI shall be automatically reinstated if and to the
extent that for any reason any payment by or on behalf of the Borrower or other Loan Party in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of
any proceedings in insolvency, bankruptcy or reorganization or otherwise. 

  
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 SECTION 11.04 Subrogation; Subordination. 

Each Guarantor hereby agrees that until the payment and satisfaction in full in cash of all Guaranteed Obligations (other than
(x) obligations under Secured Hedge Agreements and Treasury Services Agreements not yet due and payable and (y) contingent indemnification obligations not yet accrued and payable) and the expiration and termination of the Commitments of
the Lenders under this Agreement, it shall waive any claim and shall not exercise any right or remedy, direct or indirect, arising by reason of any performance by it of its guarantee in Section 11.01, whether by subrogation or otherwise,
against the Borrower or any other Guarantor of any of the Guaranteed Obligations or any security for any of the Guaranteed Obligations. Any Indebtedness of the Borrower or any Loan Party permitted pursuant to Sections 7.03(b)(ii) or 7.03(d) shall be
subordinated to the Borrower or such Loan Party’s Obligations in the manner set forth in the Intercompany Note evidencing such Indebtedness. 

SECTION 11.05 Remedies. 

The Guarantors jointly and severally agree that, as between the Guarantors and the Lenders, the obligations of the Borrower
under this Agreement and the Notes, if any, may be declared to be forthwith due and payable as provided in Section 8.02 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 8.02) for
purposes of Section 11.01, notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as against the Borrower and that, in the event of such
declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by the Borrower) shall forthwith become due and payable by the Guarantors for purposes of
Section 11.01. 
 SECTION 11.06 Instrument for the Payment of Money. 

Each Guarantor hereby acknowledges that the guarantee in this Article XI constitutes an instrument for the payment of money,
and consents and agrees that any Lender or Agent, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213. 

SECTION 11.07 Continuing Guaranty. 

The guarantee in this Article XI is a continuing guarantee of payment, and shall apply to all Guaranteed Obligations whenever
arising. 
 SECTION 11.08 General Limitation on Guarantee Obligations. 

In any action or proceeding involving any state corporate limited partnership or limited liability company law, or any
applicable state, federal or foreign bankruptcy, insolvency, reorganization or other Law affecting the rights of creditors generally, if the obligations of any Guarantor under Section 11.01 would otherwise be held or determined to be void,
voidable, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under Section 11.01, then, notwithstanding any other provision to the contrary, the amount of such liability
shall, without any further action by such Guarantor, the Borrower, any Loan Party or any other person, be automatically limited and reduced to the highest amount (after giving effect to the right of contribution established in Section 11.11)
that is valid and enforceable and not subordinated to the claims of other creditors as determined in such action or proceeding. 

  
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 SECTION 11.09 Information. 

Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s financial condition and
assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that each Guarantor assumes and incurs under this Guaranty, and agrees that none of any Agent, any L/C Issuer or any Lender shall have any duty to advise any
Guarantor of information known to it regarding those circumstances or risks. 
 SECTION 11.10 Release of Guarantors.

 If, in compliance with the terms and provisions of the Loan Documents, (i) all or substantially all of the Equity
Interests or property of any Subsidiary Guarantor are sold or otherwise transferred (a “Transferred Guarantor”) to a person or persons, none of which is a Loan Party or (ii) any Subsidiary Guarantor becomes an Excluded
Subsidiary, such Transferred Guarantor shall, upon the consummation of such sale or transfer, be automatically released from its obligations under this Agreement (including under Section 10.05 hereof) and its obligations to pledge and grant any
Collateral owned by it pursuant to any Collateral Document and, in the case of a sale of all or substantially all of the Equity Interests of the Transferred Guarantor, the pledge of such Equity Interests to the Collateral Agent pursuant to the
Collateral Documents shall be automatically released, and, so long as the Company shall have provided the Agents such certifications or documents as any Agent shall reasonably request, the Administrative Agent and the Collateral Agent shall, at such
Transferred Guarantor’s expense, take such actions as are necessary to effect each release described in this Section 11.10 in accordance with the relevant provisions of the Collateral Documents. 

When all Commitments hereunder have terminated, and all Loans or other Obligation (other than obligations under Treasury
Services Agreements or Secured Hedge Agreements) hereunder which are accrued and payable have been paid or satisfied,
and no Letter of Credit remains outstanding (except any Letter of Credit the Outstanding Amount of which the
Obligations related thereto has been Cash Collateralized or for which a backstop letter of credit reasonably satisfactory to the applicable L/C Issuer has been put in place), this Agreement and
the guarantees made herein shall terminate with respect to all Obligations, except with respect to Obligations that expressly survive such repayment pursuant to the terms of this Agreement. The Collateral Agent shall, at each Guarantor’s
expense, take such actions as are necessary to release any Collateral owned by such Guarantor in accordance with the relevant provisions of the Collateral Documents. 

SECTION 11.11 Right of Contribution. 

Each Guarantor hereby agrees that to the extent that a Subsidiary Guarantor shall have paid more than its proportionate share
of any payment made hereunder, such Subsidiary Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Subsidiary Guarantor’s
right of contribution shall be subject to the terms and conditions of Section 11.04. The provisions of this Section 11.11 shall in no respect limit the obligations and liabilities of any Subsidiary Guarantor to the Administrative Agent, the L/C Issuer, the Swing Line Lender and the Lenders, and each
Subsidiary Guarantor shall remain liable to the Administrative Agent, the L/C Issuer, the Swing Line
Lender and the Lenders for the full amount guaranteed by such Subsidiary Guarantor hereunder. 

  
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 SECTION 11.12 Cross-Guaranty. 

Each Qualified ECP Guarantor hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide
such funds or other support to each Specified Guarantor as may be needed by such Specified Guarantor from time to time to honor all of its obligations under its Guaranty and the other Loan Documents in respect of any Swap Obligation (provided,
however, that each Qualified ECP Guarantor shall only be liable under this Section 11.12 for up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and
undertakings under this Section 11.12 voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this
Section 11.12 shall remain in full force and effect until the Obligations have been indefeasibly paid and performed in full and all Commitments have been terminated. Each Qualified ECP Guarantor intends that this Section 11.12 constitute,
and this Section 11.12 shall be deemed to constitute, an agreement for the benefit of each Specified Guarantor for all purposes of the Commodity Exchange Act. 

[Signature Pages
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