Document:

EX-10.6

 Exhibit 10.6 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH 

NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY 

DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED. 

DIRECTOR AND OFFICER 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is made as of
                    , 20[21] by and between Clearwater Analytics Holdings, Inc., a Delaware corporation (the “Company”), in its own
name and on behalf of its direct and indirect subsidiaries, and                     , an individual (“Indemnitee”). 

RECITALS 

WHEREAS, directors, officers, employees, controlling persons, fiduciaries and other agents (“Representatives”) in
service to corporations or business enterprises are being increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the corporation or business
enterprise itself; 
 WHEREAS, highly competent persons have become more reluctant to serve as Representatives unless they are
provided with adequate protection through insurance and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation or business enterprise; 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in
attracting and retaining highly competent persons is detrimental to the best interests of the Company and its stockholders and that the Company should act to assure such persons that there will be increased certainty of protection against inordinate
risks of claims and actions against them arising out of their service to and activities on behalf of the Company; 
 WHEREAS,
(a) the Amended and Restated Bylaws of the Company (as amended, restated or otherwise modified, the “Bylaws”) require indemnification of the officers and directors of the Company, (b) Indemnitee may also be entitled to
indemnification pursuant to the General Corporation Law of the State of Delaware (the “DGCL”) and (c) the Bylaws and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive and thereby
contemplate that contracts may be entered into between the Company and its Representatives with respect to indemnification; 

WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws and any resolutions adopted pursuant thereto, and shall not
be deemed a substitute therefore, nor to diminish or abrogate any rights of Indemnitee thereunder; and 
 WHEREAS,
(a) Indemnitee does not regard the protection available under the Bylaws and insurance as adequate in the present circumstances, (b) Indemnitee may not be willing to serve or continue to serve as a Representative without adequate
protection, (c) the Company desires Indemnitee to serve in such capacity and (d) Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that [he/she] be so
indemnified. 

 AGREEMENT 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and
agree as follows: 
 Section 1.    Definitions. 

(a)    As used in this Agreement: 

“Agreement” has the meaning ascribed to such term in the Preamble hereto. 

“Board” has the meaning ascribed to such term in the Recitals hereto. 

“Bylaws” has the meaning ascribed to such term in the Recitals hereto. 

“Certificate of Incorporation” means the Amended and Restated Certificate of Incorporation of the Company, as amended,
restated or otherwise modified. 
 “Change in Control” has the meaning ascribed to such term in Section 1(b) hereof.

 “Corporate Status” describes the status of an individual who is or was a Representative of an Enterprise. 

“Company” has the meaning ascribed to such term in the Preamble hereto. 

“DGCL” has the meaning ascribed to such term in the Recitals hereto. 

“Enterprise” means the Company and any other Person, employee benefit plan, joint venture or other enterprise of which
Indemnitee is or was serving at the request of the Company as a Representative. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder. 
 “Expenses” means all reasonable costs,
expenses, fees and charges, including, without limitation, attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise
participating in, a Proceeding. Expenses also shall include, without limitation, (i) expenses incurred in connection with any appeal resulting from, incurred by Indemnitee in connection with, arising out of, in respect of or relating to, any
Proceeding, including, without limitation, the premium, security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent, (ii) for purposes of Section 12(d) hereof only, expenses incurred by
Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise, (iii) any federal, state, local or foreign taxes imposed on Indemnitee as a result of the
actual or deemed receipt of any payments under this Agreement (on a grossed up basis) and (iv) any interest, assessments or other charges in respect of the foregoing. 

  
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 “Indemnitee” has the meaning ascribed to such term in the Preamble hereto.

 “Indemnity Obligations” means all obligations of the Company to Indemnitee under this Agreement, including, without
limitation, the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement. 

“Independent Counsel” means an attorney or firm of attorneys (following a Change in Control, selected in accordance with the
provisions of Section 20 hereof) that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such
party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements) or (ii) any other party to the Proceeding giving rise to a claim for indemnification;
provided, however, that the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 
 “Liabilities” means all
claims, liabilities, damages, losses, judgments, orders, fines, penalties and other amounts payable in connection with, arising out of, in respect of or relating to or occurring as a direct or indirect consequence of any Proceeding, including,
without limitation, amounts paid in whole or partial settlement of any Proceeding, all Expenses in complying with any judgment, order or decree issued or entered in connection with any Proceeding or any settlement agreement, stipulation or consent
decree entered into or issued in settlement of any Proceeding, and any consequential damages resulting from any Proceeding or the settlement, judgment, or result thereof. 

“LLC Agreement” means the Third Amended and Restated Limited Liability Company Agreement of CWAN Holdings, LLC, as amended,
restated, supplemented or otherwise modified. 
 “Person” means any individual, corporation, partnership, limited
partnership, limited liability company, trust, governmental agency or body or any other legal entity. 
 “Proceeding” means
any threatened, pending or completed action, claim, suit, arbitration, alternate dispute resolution mechanism, formal or informal hearing, inquiry or investigation, litigation, administrative hearing or any other actual, threatened or completed
judicial, administrative or arbitration proceeding (including, without limitation, any such proceeding under the Securities Act of 1933, as amended, or the Exchange Act or any other federal law, state law, statute or regulation), whether brought in
the right of the Company or otherwise, and whether of a civil, criminal, administrative or investigative nature, in which Indemnitee was, is or will be, or is threatened to be, involved as a party or witness or otherwise involved, affected or
injured (i) by reason of the fact that Indemnitee is or was a Representative of the Company, (ii) by reason of any actual or alleged action taken by Indemnitee or of any action on Indemnitee’s part while acting as Representative of
the Company or (iii) by reason of the fact that Indemnitee is or was serving at the request of the Company as a Representative of another Person, whether or not serving in such capacity at the time any liability or Expense is incurred for which
indemnification, reimbursement, or advancement of Expenses can be provided under this Agreement. 

  
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 “Representative” has the meaning ascribed to such term in the Recitals
hereto. 
 [“Shareholder Entities” shall mean
                 and each of its affiliates, including any investment funds managed or advised by any of the foregoing, that beneficially own shares of common stock of
the Company, and any securities into which such shares of common stock shall have been changed or any securities resulting from any reclassification or recapitalization of such shares of common stock from time to time; provided,
however, that neither the Company nor any of its subsidiaries shall be considered Shareholder Entities hereunder.] 
 “SOX
Act” means the Sarbanes-Oxley Act of 2002. 
 “Submission Date” has the meaning ascribed to such term in
Section 10(b) hereof. 
 “Welsh, Carson, Anderson & Stowe” means Welsh, Carson,
Anderson & Stowe [LP] and each of its affiliates, including any investment funds managed or advised by any of the foregoing, or a group of persons that includes Welsh, Carson, Anderson & Stowe [LP] or any of its affiliates. 

(b)    A “Change in Control” shall be deemed to have occurred if (i) any
“person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than Welsh, Carson, Anderson & Stowe and other than a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or a Person owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of shares of the Company, is or becomes the “beneficial owner” (as
defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s then outstanding voting
securities; (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the Company’s stockholders was
approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a
majority thereof; or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other Person other than a merger or consolidation which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving Person) more than 50% of the total voting power represented by the voting securities of the Company or
such surviving Person outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one
transaction or a series of transactions) all or substantially all of the Company’s assets, other than to Welsh, Carson, Anderson & Stowe. Notwithstanding the foregoing, a “Change in Control” shall be deemed not to have
occurred as a result of any transaction or series of transactions following which the Welsh, Carson, Anderson & Stowe possess, directly or indirectly, the power to direct or cause the 

  
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direction of the management and policies of the Company (or any successor thereto), whether through the ownership of voting securities, by contract or otherwise, including, without limitation,
the ownership, directly or indirectly, of securities having the power to elect a majority of the Board or the board of directors or similar body governing the affairs of any successor to the Company. 

(c)    For the purpose hereof, references to “fines” shall include any excise tax assessed with
respect to any employee benefit plan; references to “serving at the request of the Company” shall include, without limitation, any service as a Representative of the Company which imposes duties on, or involves services by, such
Representative with respect to an employee benefit plan, its participants or beneficiaries; and a Person who acted in good faith and in a manner [he/she] reasonably believed to be in the best interests of the participants and beneficiaries of an
employee benefit plan shall be deemed to have acted in manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

Section 2.    Indemnity in Third-Party Proceedings. The Company shall indemnify and hold harmless Indemnitee,
to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred by Indemnitee or on Indemnitee’s behalf in connection with or as a consequence of any Proceeding (other than any Proceeding
brought by or in the right of the Company to procure a judgment in its favor which shall be governed by the provisions set forth in Section 3 hereof) or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner
[he/she] reasonably believed to be in, or not opposed to, the best interests of the Company and, in the case of a criminal proceeding, had no reasonable cause to believe that [his/her] conduct was unlawful. For the avoidance of doubt, a finding,
admission or stipulation that an Indemnitee has acted with gross negligence or recklessness shall not, of itself, create a presumption that such Indemnitee has failed to meet the standard or conduct required for indemnification in this
Section 2. 
 Section 3.    Indemnity in Proceedings by or in the Right of the Company. The Company
shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred by Indemnitee or on Indemnitee’s behalf in connection with or as a consequence
of any Proceeding brought by or in the right of the Company to procure a judgment in its favor, or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner [he/she] reasonably believed to be in, or not opposed, to the
best interests of the Company. No indemnification for Liabilities and Expenses shall be made under this Section 3 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the
Company, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding was brought shall determine upon application that, despite the adjudication of liability, but in view of all the circumstances of the
case, Indemnitee is fairly and reasonably entitled to indemnification. For the avoidance of doubt, a finding, admission or stipulation that an Indemnitee has acted with gross negligence or recklessness shall not, of itself, create a presumption that
such Indemnitee has failed to meet the standard or conduct required for indemnification in this Section 3. 

Section 4.    Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any
other provisions of this Agreement, and without limiting the 

  
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rights of Indemnitee under any other provision hereof, to the extent that (a) Indemnitee is a party to (or a participant in) any Proceeding, (b) the Company is not permitted by
applicable law to indemnify Indemnitee with respect to any claim brought in such Proceeding if such claim is asserted successfully against Indemnitee and (c) Indemnitee is not wholly successful in such Proceeding, but is successful, on the
merits or otherwise (including, without limitation, settlement thereof), as to one or more but less than all claims, issues or matters in such Proceeding, then the Company shall indemnify Indemnitee, to the fullest extent permitted by applicable
law, against all Liabilities and Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf, in connection with or as a consequence of each successfully resolved claim, issue or matter. For purposes of this Section 4
and without limitation, the termination of any claim, issue or matter in such a Proceeding by settlement, entry of a plea of nolo contendere or by dismissal, with or without prejudice, shall be deemed to be a successful result as to such
claim, issue or matter. 
 Section 5.    Indemnification for Expenses of a Witness. Notwithstanding any
other provision of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified to the fullest extent permitted by
applicable law against all Liabilities and Expenses suffered or incurred by [him/her] or on [his/her] behalf in connection therewith. 

Section 6.    Additional Indemnification. Notwithstanding any limitation in Sections 2, 3 or 4 hereof, the
Company shall indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to, or threatened to be made a party to, any Proceeding (including, without limitation, a Proceeding by or in the right of the Company to
procure a judgment in its favor), against all Liabilities and Expenses suffered or incurred by Indemnitee in connection with such Proceeding: 

(a)    to the fullest extent permitted by the provision of the DGCL that authorizes or contemplates
additional indemnification by agreement, or the corresponding provision of any amendment to, or replacement of, the DGCL, and 

(b)    to the fullest extent authorized or permitted by any amendments to, or replacements of, the DGCL
adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

Section 7.    Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be obligated
under this Agreement to make any indemnity in connection with any Proceeding (or any part of any Proceeding): 

(a)    for which payment has actually been made to or on behalf of Indemnitee under any statute, insurance
policy procured by the Company, indemnity provision, vote or otherwise, except with respect to any excess beyond the amount paid, subject to any subrogation rights set forth in Section 13 hereof; 

(b)    for an accounting or disgorgement of profits pursuant to Section 16(b) of the Exchange Act or
similar provisions of federal, state or local statutory law or common law, if Indemnitee is held liable therefor (including pursuant to any settlement arrangements to which the Indemnitee has consented); 

  
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 (c)    for any reimbursement of the Company by
Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements
that arise from an accounting restatement of the Company pursuant to Section 304 of the SOX Act or Section 954 of the Dodd–Frank Wall Street Reform and Consumer Protection Act, or the payment to the Company of profits arising from the
purchase and sale by Indemnitee of securities in violation of Section 306 of the SOX Act), if Indemnitee is held liable therefor (including pursuant to any settlement arrangements to which the Indemnitee has consented); 

(d)    initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by
Indemnitee against the Company or its directors, officers, employees, agents or other indemnitees (not by way of defense), unless (i) the Board authorized the Proceeding (or the relevant part of the Proceeding), (ii) the Company provides the
indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law, (iii) otherwise authorized in Section 12(d), (iv) with respect to proceedings brought to establish or enforce a right to
indemnification or advancement under this Agreement or under any other agreement, provision in the Bylaws or Certificate of Incorporation or applicable law or (v) otherwise required by applicable law; or 

(e)    if a court of competent jurisdiction determines that such indemnification is prohibited by
applicable law in a final judgment from which there is no further right of appeal. 
 Section 8.    Advances of
Expenses. In furtherance of the relevant requirements of the Bylaws and notwithstanding any provision of this Agreement to the contrary, the Company shall advance, to the fullest extent permitted by law, Expenses incurred by Indemnitee in
connection with any Proceeding, and such advancement shall be made within ten days after the receipt by the Company of a statement or statements requesting such advances from time to time, whether prior to, or after, final disposition of any
Proceeding (including any appeal). Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability to repay Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification
under the other provisions of this Agreement. Advances shall include any and all Expenses incurred pursuing an action to enforce this right of advancement, including, without limitation, Expenses incurred preparing and forwarding statements to the
Company to support the advances claimed. Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking, providing that Indemnitee undertakes to repay the advance to the
extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. 

Section 9.    Procedure for Notification and Defense of Claim. 

(a)    Indemnitee shall notify the Company in writing of any Proceeding with respect to which Indemnitee
intends to seek indemnification or advancement of Expenses hereunder as soon as reasonably practicable following the receipt by Indemnitee of written notice thereof. The written notification to the Company shall include a description of the nature
of the Proceeding and the facts underlying the Proceeding. To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition 

  
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of such Proceeding. Any delay or failure by Indemnitee to notify the Company hereunder will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise than
under this Agreement, and any delay or failure in so notifying the Company shall not constitute a waiver by Indemnitee of any rights under this Agreement. 

(b)    In the event Indemnitee is entitled to indemnification and/or advancement of Expenses with respect
to any Proceeding, Indemnitee may, at Indemnitee’s option, (i) retain legal counsel selected by Indemnitee and approved by the Company (which approval shall not to be unreasonably withheld, conditioned or delayed) to defend Indemnitee in
such Proceeding, at the sole expense of the Company or (ii) have the Company assume the defense of Indemnitee in the Proceeding, in which case the Company shall assume the defense of such Proceeding with legal counsel selected by the Company
and approved by Indemnitee (which approval shall not be unreasonably withheld, conditioned or delayed) within ten days of the Company’s receipt of written notice of Indemnitee’s election to cause the Company to do so. If the Company is
required to assume the defense of any such Proceeding, it shall engage legal counsel for such defense, and shall be solely responsible for all Expenses of such legal counsel and otherwise of such defense. Such legal counsel may represent both
Indemnitee and the Company (and/or any other party or parties entitled to be indemnified by the Company with respect to such matter) unless, in the reasonable opinion of legal counsel to Indemnitee, there is a conflict of interest between Indemnitee
and the Company (or any other such party or parties) or there are legal defenses available to Indemnitee that are not available to the Company (or any such other party or parties). Notwithstanding either party’s assumption of responsibility for
defense of a Proceeding, each party shall have the right to engage separate legal counsel at its own expense. The party having responsibility for defense of a Proceeding shall provide the other party and its legal counsel with all copies of
pleadings and material correspondence relating to the Proceeding. Indemnitee and the Company shall reasonably cooperate in the defense of any Proceeding with respect to which indemnification is sought hereunder, regardless of whether the Company or
Indemnitee assumes the defense thereof. Indemnitee may not settle or compromise any Proceeding without the prior written consent of the Company (which consent shall not be unreasonably withheld, conditioned or delayed). The Company may not settle or
compromise any proceeding without the prior written consent of Indemnitee (which consent shall not be unreasonably withheld, conditioned or delayed). 

Section 10.    Procedure Upon Application for Indemnification. 

(a)    Upon written request by Indemnitee for indemnification pursuant to Section 9(a) hereof, the
Company shall advance Expenses necessary to defend against a Claim pursuant to Section 8 hereof. If any determination by the Company is required by applicable law with respect to Indemnitee’s ultimate entitlement to indemnification, such
determination shall be made (i) if Indemnitee shall request such determination be made by the Independent Counsel, by the Independent Counsel and (ii) in all other circumstances in any manner permitted by the DGCL. Indemnitee shall
cooperate with the Person(s) making such determination with respect to Indemnitee’s entitlement to indemnification, including, without limitation, providing to such Person(s), upon reasonable advance request, any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Expenses incurred by Indemnitee in so cooperating with the Person(s) making such
determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. The Company will not deny any
written request for indemnification hereunder made in good faith by Indemnitee unless a determination as to Indemnitee’s entitlement to such indemnification described in this Section 10(a) has been made. The Company agrees to pay Expenses
of the Independent Counsel 

  
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referred to above and to fully indemnify the Independent Counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hereto. 
 (b)    In the event that the determination of entitlement to indemnification is to be
made by the Independent Counsel pursuant to Section 10(a) hereof, (i) the Independent Counsel shall be selected by the Company within ten days of the Submission Date, (ii) the Company shall give written notice to Indemnitee advising
it of the identity of the Independent Counsel so selected and (iii) Indemnitee may, within ten days after such written notice of selection shall have been given, deliver to the Company Indemnitee’s written objection to such selection.
Absent a timely objection, the Person so selected shall act as the Independent Counsel. If a timely objection is made by Indemnitee, the Person so selected may not serve as the Independent Counsel unless and until such objection is withdrawn. If no
Independent Counsel shall have been selected (whether due to a failure of the Company to appoint such Independent Counsel, an un-withdrawn objection from Indemnitee with respect to the person so appointed or
otherwise) before the later of (i) 30 days after the submission by Indemnitee of a written request for indemnification pursuant to Section 10(a) hereof (the date of such submission, the “Submission Date”) and (ii) ten days
after the final disposition of the Proceeding for which indemnity is sought, then (x) each of the Company and Indemnitee shall select a Person meeting the qualifications to serve as the Independent Counsel and (y) such Persons shall
(collectively) select the Independent Counsel. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) hereof, the Independent Counsel shall be discharged and relieved of any further responsibility in such
capacity (subject to the applicable standards of professional conduct then prevailing). 

Section 11.    Presumptions and Effect of Certain Proceedings. 

(a)    In making a determination with respect to entitlement to indemnification hereunder, the Person(s)
making such determination shall, to the fullest extent permitted by law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a)
hereof, and the Company shall, to the fullest extent permitted by law, have the burden of proof to overcome that presumption in connection with the making by any Person(s) of any determination contrary to that presumption. Neither the failure of the
Company (including, without limitation, by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because
Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including, without limitation, by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall
be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 

(b)    Subject to Section 12(e) hereof, if the Person(s) empowered or selected under Section 10
hereof to determine whether Indemnitee is entitled to indemnification shall not have made a determination within 60 days after receipt by the Company of the request therefore, the requisite determination of entitlement to indemnification shall, to
the fullest extent permitted by law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional 30 days, if (i) the determination is to be made by the Independent Counsel and Indemnitee objects to the Company’s selection
of the Independent Counsel and (ii) the Independent Counsel ultimately selected requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto. 

  
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 (c)    The termination of any Proceeding or of any
claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) adversely affect the right of Indemnitee
to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which [he/she] reasonably believed to be in, or not opposed to, the best interests of the Company or, with respect to any criminal Proceeding, that
Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful. 

(d)    Effect of Settlement. To the fullest extent permitted by law, settlement of any Proceeding
without any finding of responsibility, wrongdoing or guilt on the part of Indemnitee with respect to claims asserted in such Proceeding shall constitute a conclusive determination that Indemnitee is entitled to indemnification hereunder with respect
to such Proceeding. 
 (e)    Reliance as Safe Harbor. For purposes of any determination of good
faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the
Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise, or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert
selected with reasonable care by the Enterprise. The provisions of this Section 11(e) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of
conduct set forth in this Agreement. 
 (f)    Actions of Others. The knowledge and/or actions, or
failure to act, of any Representative (other than Indemnitee) of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

Section 12.    Remedies of Indemnitee. 

(a)    Subject to Section 12(e) hereof, in the event that (i) a determination is made pursuant to
Section 11 hereof that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 hereof, (iii) no determination of entitlement to indemnification
shall have been made pursuant to Section 10(a) hereof within 90 days after the Submission Date, (iv) payment of indemnification is not made pursuant to Section 4, 5 or 10(a) hereof within ten days after receipt by the Company of a
written request therefore, (v) payment of indemnification pursuant to Section 2, 3 or 6 hereof is not made within ten days after a determination has been made that Indemnitee is entitled to indemnification or (vi) in the event that
the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding designed to deny, or to recover from, Indemnitee, the benefits provided
or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s entitlement to such indemnification and/or advancement of Expenses. Alternatively, Indemnitee, at Indemnitee’s
option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. The Company shall not oppose Indemnitee’s right to seek any such adjudication
or award in arbitration. 
 (b)    In the event that a determination shall have been made pursuant to
Section 10(a) hereof that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the
merits and Indemnitee shall not be prejudiced by reason of that adverse 

  
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determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or
advancement of Expenses, as the case may be. 
 (c)    If a determination shall have been made pursuant
to Section 10(a) hereof that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by
Indemnitee of a material fact, or an omission by Indemnitee of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such
indemnification under applicable law. 
 (d)    The Company shall, to the fullest extent permitted by
law, be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court
or before any such arbitrator that the Company is bound by all the provisions of this Agreement. It is the intent of the Company that Indemnitee not be required to incur legal fees or other Expenses associated with the interpretation, enforcement or
defense of Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to Indemnitee hereunder. In addition, the Company shall
indemnify Indemnitee against any and all such Expenses and, if requested by Indemnitee, shall (within ten days after receipt by the Company of a written request therefore) advance, to the fullest extent permitted by law, such Expenses to Indemnitee,
which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any directors’ and officers’ liability insurance policies
maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be. 

(e)    Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to
indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding; provided that, in the absence of any such determination with respect to such Proceeding, the Company shall pay Liabilities and
advance Expenses with respect to such Proceeding as if Indemnitee had been determined to be entitled to indemnification and advancement of Expenses with respect to such Proceeding. 

Section 13.    Non-Exclusivity; Survival of Rights; Insurance;
Subrogation. 
 (a)    The rights of indemnification and to receive advancement of Expenses as
provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation, the Bylaws, the LLC Agreement, any stockholders’ agreement or
any other agreement, a vote of stockholders, a resolution of directors or otherwise (together, the “Other Indemnification Provisions”). No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or
restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in applicable law,
whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Other Indemnification Provisions, it is the intent of the parties hereto that Indemnitee shall enjoy by
this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter 

  
 11 

 
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right
or remedy. 
 (b)    The Company hereby acknowledges that Indemnitee may have certain rights to
indemnification, advancement of Expenses and/or insurance provided by one or more Persons with whom or which Indemnitee may be associated [(including, without limitation, any Shareholder Entity)]. The Company hereby acknowledges and agrees that
(i) the Company shall be the indemnitor of first resort with respect to any Proceeding, Expense, Liability or matter that is the subject of the Indemnity Obligations, (ii) the Company shall be primarily liable for all Indemnity Obligations
and any indemnification afforded to Indemnitee in respect of any Proceeding, Expense, Liability or matter that is the subject of Indemnity Obligations, whether created by law, organizational or constituent documents, contract [(including, without
limitation, this Agreement)] or otherwise, (iii) any obligation of any other Persons with whom or which Indemnitee may be associated [(including, without limitation, any Shareholder Entity)] to indemnify Indemnitee and/or advance Expenses to
Indemnitee in respect of any proceeding shall be secondary to the obligations of the Company hereunder, (iv) the Company shall be required to indemnify Indemnitee and advance Expenses to Indemnitee hereunder to the fullest extent provided
herein without regard to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated [(including, without limitation, any Shareholder Entity)] or insurer of any such Person and (v) the Company
irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated [(including, without limitation, any Shareholder Entity)] from any claim of contribution, subrogation or any other recovery of any kind in
respect of amounts paid by the Company hereunder. In the event that any other Person with whom or which Indemnitee may be associated [(including, without limitation, any Shareholder Entity)] or their insurers advances or extinguishes any liability
or loss which is the subject of any Indemnity Obligation owed by the Company or payable under any insurance policy provided under this Agreement, the payor shall have a right of subrogation against the Company or its insurer or insurers for all
amounts so paid which would otherwise be payable by the Company or its insurer or insurers under this Agreement. In no event will payment of an Indemnity Obligation of the Company under this Agreement by any other Person with whom or which
Indemnitee may be associated [(including, without limitation, any Shareholder Entity)] or their insurers, affect the obligations of the Company hereunder or shift primary liability for any Indemnity Obligation to any other Person with whom or which
Indemnitee may be associated [(including, without limitation, any Shareholder Entity)]. Any indemnification and/or insurance or advancement of Expenses provided by any other Person with whom or which Indemnitee may be associated [(including, without
limitation, any Shareholder Entity)], with respect to any liability arising as a result of Indemnitee’s Corporate Status or capacity as an officer or director of any Person, is specifically in excess of any Indemnity Obligation of the Company
or valid and any collectible insurance (including, without limitation, any malpractice insurance or professional errors and omissions insurance) provided by the Company under this Agreement, and any obligation to provide indemnification and/or
insurance or advance Expenses provided by any other Person with whom or which Indemnitee may be associated [(including, without limitation, any Shareholder Entity)] shall be reduced by any amount that Indemnitee collects from the Company as an
indemnification payment or advancement of Expenses pursuant to this Agreement. 
 (c)    The Company
shall use its best efforts to obtain and maintain in full force and effect an insurance policy or policies providing liability insurance for Representatives of the Company or of any other Enterprise, and Indemnitee shall be covered by such policy or
policies in accordance with its or their terms to the maximum extent of the coverage available for any such Representative under such policy or policies. If, at the time of the receipt of a notice of a claim

  
 12 

 
pursuant to the terms hereof, the Company maintains an insurance policy or policies providing liability insurance for Representatives of the Company or of any other Enterprise, the Company shall
give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policy or policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to
pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. Further, in the event of a Change in Control or the Company’s becoming insolvent (including being placed into
receivership or entering the federal bankruptcy process) the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment
practices or otherwise) in respect of Indemnitee, for a fixed period of six years thereafter (otherwise known as a “tail policy”), and such coverage shall be placed by the incumbent broker using the policies that were in place at the time
of the Change in Control, and shall be placed with an insurance carrier with an AM Best rating that is the same or better than the AM Best ratings of the expiring policies. 

(d)    In the event of any payment under this Agreement, the Company shall not be subrogated to, and hereby
waives any rights to be subrogated to, any rights of recovery of Indemnitee, including, without limitation, rights of indemnification provided to Indemnitee from any other Person or entity with whom Indemnitee may be associated [(including, without
limitation, any Shareholder Entity)] as well as any rights to contribution that might otherwise exist; provided, however, that the Company shall be subrogated to the extent of any such payment of all rights of recovery of Indemnitee
under insurance policies of the Company or any of its subsidiaries. 
 (e)    The indemnification and
contribution provided for in this Agreement will remain in full force and effect regardless of any investigation made by or on behalf of Indemnitee. 

Section 14.    Duration of Agreement; Not Employment Contract. This Agreement shall continue until and
terminate upon the latest of: (a) ten years after the date that Indemnitee shall have ceased to serve as a Representative of the Company or any other Enterprise and (b) one year after the final termination of any Proceeding then pending in
respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 12 hereof relating thereto. This Agreement shall be binding upon the Company
and its successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. The Company shall require and cause any direct or indirect successor (whether by purchase, merger, consolidation
or otherwise) to all or substantially all of the business or assets of the Company, by written agreement, expressly or to assume and agree to perform this agreement in the same manner and to the same extent that the Company would be required to
perform if no such succession had taken place. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. Indemnitee specifically acknowledges that Indemnitee’s
employment with the Company (or any of its subsidiaries or any Enterprise), if any, is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment
contract between Indemnitee and the Company (or any of its subsidiaries or any Enterprise), other applicable formal severance policies duly adopted by the Board, or, with respect to service as a Representative of the Company, by the Certificate of
Incorporation, Bylaws and the DGCL. 
 Section 15.    Severability. If any provision or provisions of this
Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and 

  
 13 

 
enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be
deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation,
each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

 Section 16.    Enforcement. 

(a)    The Company expressly confirms and agrees that it has entered into this Agreement and assumed the
obligations imposed on it hereby in order to induce Indemnitee to serve as a Representative of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a Representative of the Company. 

(b)    This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to
and in furtherance of the Bylaws and applicable law, and shall not be deemed a substitute therefore, nor to diminish or abrogate any rights of Indemnitee thereunder. 

(c)    The Company shall not seek from a court, or agree to, a “bar order” which would have the
effect of prohibiting or limiting Indemnitee’s right to receive advancement of expenses under this Agreement. 

Section 17.    Modification and Waiver. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing
waiver. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this
Agreement in accordance with its terms. 
 Section 18.    Notices. All notices, requests, demands and other
communications under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by
certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have
been directed or (d) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received: 

(a)    If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other
address as Indemnitee shall provide to the Company. 

  
 14 

 (b)    If to the Company to: 

Clearwater Analytics Holdings, Inc. 

777 W. Main Street 

Suite 900 

Boise, ID 83702 

Attn: Chief Legal Officer 

Facsimile: [***] 

with copies to (which shall not constitute notice to the Company): 

Kirkland & Ellis LLP 

601 Lexington Avenue 

New York, New York 10022 

Attention: Joshua N. Korff; Ross M. Leff 

Facsimile: [***] 

or to any other address as may have been furnished to Indemnitee by the Company. 

Section 19.    Contribution. To the fullest extent permissible under applicable law, if the indemnification
provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes,
amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of the
Proceeding in order to reflect (a) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (b) the relative fault of the Company (and its
directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 

Section 20.    Change in Control. If there is a Change in Control, then with respect to all matters thereafter
arising concerning the rights of Indemnitee to indemnity payments and advance of Expenses under this Agreement or any provision of the Certificate of Incorporation or the Bylaws now or hereafter in effect, the Company shall seek legal advice only
from Independent Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably delayed, conditioned or withheld). Such counsel, among other things, shall render its written opinion to the Company and Indemnitee
as to whether and to what extent the Indemnitee would be permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of the Independent Counsel and to indemnify fully such counsel against any and all expenses
(including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

Section 21.    Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the
parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and unconditionally (a) agree that any
action or proceeding arising out of or in connection with this Agreement shall be brought only in the Delaware Court of Chancery, and not in any other state or federal court in the United States of America or any court in any other country,
(b) consent to submit to the exclusive jurisdiction of the Delaware Court of Chancery for purposes of any action or proceeding arising out of or in connection with this 

  
 15 

 
Agreement, (c) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court of Chancery and (d) waive, and agree not to plead or to make, any claim
that any such action or proceeding brought in the Delaware Court of Chancery has been brought in an improper or inconvenient forum. 

Section 22.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of
this Agreement. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be
valid and effective for all purposes. 
 Section 23.    Miscellaneous. The headings of the paragraphs of
this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

Section 24.    [Third-Party Beneficiaries. The Shareholder Entities are intended third-party beneficiaries of
this Agreement.] 
 [SIGNATURE PAGE FOLLOWS] 

  
 16 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and
year first above written. 
  

	
	CLEARWATER ANALYTICS HOLDINGS, INC.
	
	  

Name:
 Title:

 [Signature Page to the Indemnification Agreement] 

 
	
	INDEMNITEE:
	
	  

Name:

 [Signature Page to the Indemnification Agreement]EX-10.7

 Exhibit 10.7 

Execution Version 
  

 
 CERTAIN IDENTIFIED INFORMATION
HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED 

$195,000,000 
 CREDIT
AGREEMENT 
 dated as of September 1, 2016 

among 
 CARBON ANALYTICS
MERGER SUB LLC 
 (to be merged with and into CLEARWATER ANALYTICS, LLC), 

as a Borrower, 
 CARBON
ANALYTICS ACQUISITION LLC, 
 as Holdings, 

CLEARWATER ANALYTICS, LLC, 

in its capacity as successor by merger to Merger Sub immediately following consummation of the Merger, 

as a Borrower 
 THE
LENDERS PARTY HERETO, 
 ARES CAPITAL CORPORATION, 

as Administrative Agent, Joint Lead Arranger, Joint Bookrunner and Issuing Lender, 

and 
 GOLUB CAPITAL LLC,

 as Joint Lead Arranger, Joint Bookrunner and Syndication Agent 

 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 1. DEFINITIONS
	  	 	2	 
			
	 1.1.
	 	 Defined Terms
	  	 	2	 
	 1.2.
	 	 Rules of Construction
	  	 	38	 
	 1.3.
	 	 Pro Forma Calculations
	  	 	40	 
		
	 SECTION 2. TERM LOANS; INCREMENTAL LOANS
	  	 	41	 
			
	 2.1.
	 	 Tranche B Term Loans
	  	 	41	 
	 2.2.
	 	 [Reserved]
	  	 	41	 
	 2.3.
	 	 Incremental Credit Facilities
	  	 	41	 
		
	 SECTION 3. AMOUNT AND TERMS OF REVOLVING CREDIT COMMITMENTS
	  	 	45	 
			
	 3.1.
	 	 Revolving Credit Commitments
	  	 	45	 
	 3.2.
	 	 Commitment Fee
	  	 	46	 
	 3.3.
	 	 Proceeds of Revolving Credit Loans
	  	 	46	 
	 3.4.
	 	 Issuance of Letters of Credit
	  	 	46	 
	 3.5.
	 	 Participating Interests
	  	 	47	 
	 3.6.
	 	 Procedure for Opening Letters of Credit
	  	 	47	 
	 3.7.
	 	 Payments in Respect of Letters of Credit
	  	 	47	 
	 3.8.
	 	 Letter of Credit Fees
	  	 	48	 
	 3.9.
	 	 Letter of Credit Reserves
	  	 	48	 
	 3.10.
	 	 Further Assurances
	  	 	49	 
	 3.11.
	 	 Obligations Absolute
	  	 	49	 
	 3.12.
	 	 Participations
	  	 	50	 
	 3.13.
	 	 Cash Collateral
	  	 	50	 
	 3.14.
	 	 Addition of an Issuing Lender
	  	 	51	 
	 3.15.
	 	 Provisions Related to Extended Revolving Credit Commitments
	  	 	51	 
	 3.16.
	 	 Conflict with L/C Application
	  	 	51	 
		
	 SECTION 4. GENERAL PROVISIONS APPLICABLE TO LOANS
	  	 	51	 
			
	 4.1.
	 	 Procedure for Borrowing
	  	 	51	 
	 4.2.
	 	 Conversion and Continuation Options
	  	 	52	 
	 4.3.
	 	 Changes of Commitment Amounts
	  	 	53	 
	 4.4.
	 	 Optional Prepayments
	  	 	54	 
	 4.5.
	 	 Mandatory Prepayments
	  	 	54	 
	 4.6.
	 	 Repayment of Tenn Loans
	  	 	56	 
	 4.7.
	 	 Application of Prepayments
	  	 	57	 
	 4.8.
	 	 Interest Rates and Payment Dates
	  	 	58	 
	 4.9.
	 	 Computation of Interest
	  	 	59	 
	 4.10.
	 	 Certain Fees
	  	 	59	 
	 4.11.
	 	 Inability to Determine Interest Rate
	  	 	59	 
	 4.12.
	 	 Pro Rata Treatment and Payments
	  	 	60	 
	 4.13.
	 	 Illegality
	  	 	61	 
	 4.14.
	 	 Requirements of Law
	  	 	62	 

  
 i 

							
	 4.15.
	 	 Indemnity
	  	 	66	 
	 4.16.
	 	 Repayment of Loans; Evidence of Debt
	  	 	66	 
	 4.17.
	 	 Replacement of Lenders
	  	 	67	 
	 4.18.
	 	 Defaulting Lenders
	  	 	67	 
		
	 SECTION 5. REPRESENTATIONS AND WARRANTIES
	  	 	70	 
			
	 5.1.
	 	 Financial Condition
	  	 	70	 
	 5.2.
	 	 No Change
	  	 	70	 
	 5.3.
	 	 Existence; Compliance with Law
	  	 	70	 
	 5.4.
	 	 Power; Authorization
	  	 	71	 
	 5.5.
	 	 Enforceable Obligations
	  	 	71	 
	 5.6.
	 	 No Legal Bar
	  	 	71	 
	 5.7.
	 	 No Material Litigation
	  	 	71	 
	 5.8.
	 	 Investment Company Act
	  	 	72	 
	 5.9.
	 	 Federal Regulation
	  	 	72	 
	 5.10.
	 	 No Event of Default
	  	 	72	 
	 5.11.
	 	 Taxes
	  	 	72	 
	 5.12.
	 	 Subsidiaries
	  	 	72	 
	 5.13.
	 	 Ownership of Property; Liens
	  	 	72	 
	 5.14.
	 	 ERISA
	  	 	73	 
	 5.15.
	 	 Collateral Documents
	  	 	73	 
	 5.16.
	 	 Copyrights, Patents, Permits, Trademarks and Licenses
	  	 	74	 
	 5.17.
	 	 Environmental Matters
	  	 	75	 
	 5.18.
	 	 Accuracy and Completeness of Information
	  	 	76	 
	 5.19.
	 	 Labor Matters
	  	 	76	 
	 5.20.
	 	 Solvency
	  	 	76	 
	 5.21.
	 	 Use of Proceeds
	  	 	77	 
	 5.22.
	 	 Insurance
	  	 	77	 
	 5.23.
	 	 Reserved
	  	 	77	 
	 5.24.
	 	 PATRIOT Act; FCPA
	  	 	77	 
	 5.25.
	 	 Foreign Assets Control Regulations and Anti-Money Laundering
	  	 	77	 
	 5.26.
	 	 Status of Holdings
	  	 	77	 
		
	 SECTION 6. CONDITIONS PRECEDENT
	  	 	77	 
			
	 6.1.
	 	 Conditions Precedent on the Closing Date
	  	 	77	 
	 6.2.
	 	 Conditions to All Loans and Letters of Credit
	  	 	82	 
		
	 SECTION 7. AFFIRMATIVE COVENANTS
	  	 	83	 
			
	 7.1.
	 	 Financial Statements
	  	 	83	 
	 7.2.
	 	 Certificates; Other Information
	  	 	85	 
	 7.3.
	 	 Conduct of Business and Maintenance of Existence
	  	 	86	 
	 7.4.
	 	 Maintenance of Property; Insurance
	  	 	86	 
	 7.5.
	 	 Inspection of Property; Books and Records; Discussions; Annual Lender Conference
Call
	  	 	87	 
	 7.6.
	 	 Notices
	  	 	88	 
	 7.7.
	 	 Environmental Laws
	  	 	89	 
	 7.8.
	 	 Additional Collateral and Guarantees
	  	 	89	 
	 7.9.
	 	 Compliance with Law
	  	 	91	 

  
 ii 

							
	 7.10.
	 	 Security Interests; Further Assurances
	  	 	91	 
	 7.11.
	 	 Control Agreements
	  	 	91	 
	 7.12.
	 	 Payment of Taxes
	  	 	91	 
	 7.13.
	 	 Certain Post-Closing Obligations
	  	 	92	 
	 7.14.
	 	 [Reserved]
	  	 	92	 
	 7.15.
	 	 Designation of Subsidiaries
	  	 	92	 
		
	 SECTION 8. NEGATIVE COVENANTS
	  	 	92	 
			
	 8.1.
	 	 Indebtedness
	  	 	93	 
	 8.2.
	 	 Liens
	  	 	95	 
	 8.3.
	 	 Specified Litigation Liabilities
	  	 	98	 
	 8.4.
	 	 Fundamental Changes
	  	 	98	 
	 8.5.
	 	 Sale of Assets
	  	 	99	 
	 8.6.
	 	 Investments
	  	 	101	 
	 8.7.
	 	 Modification of Organizational Documents
	  	 	103	 
	 8.8.
	 	 Limitations on Holdings
	  	 	104	 
	 8.9.
	 	 Financial Covenant
	  	 	104	 
	 8.10.
	 	 Clauses Restricting Subsidiary Distributions
	  	 	105	 
	 8.11.
	 	 Restricted Payments
	  	 	105	 
	 8.12.
	 	 Transactions with Affiliates
	  	 	107	 
	 8.13.
	 	 Changes in Fiscal Year
	  	 	108	 
	 8.14.
	 	 Lines of Business
	  	 	108	 
	 8.15.
	 	 Prepayments and Amendments of Certain Subordinated Indebtedness
	  	 	108	 
	 8.16.
	 	 Negative Pledges
	  	 	109	 
	 8.17.
	 	 Sales and Leasebacks
	  	 	110	 
	 8.18.
	 	 Use of Proceeds
	  	 	110	 
		
	 SECTION 9. EVENTS OF DEFAULT
	  	 	110	 
		
	 SECTION 10. THE AGENTS AND THE ISSUING LENDER
	  	 	113	 
			
	 10.1.
	 	 Appointment and Duties
	  	 	113	 
	 10.2.
	 	 Binding Effect
	  	 	114	 
	 10.3.
	 	 Use of Discretion
	  	 	115	 
	 10.4.
	 	 Delegation of Rights and Duties
	  	 	115	 
	 10.5.
	 	 Reliance and Liability
	  	 	115	 
	 10.6.
	 	 Administrative Agent Individually
	  	 	116	 
	 10.7.
	 	 Lender Credit Decision
	  	 	117	 
	 10.8.
	 	 Expenses; Indemnities
	  	 	117	 
	 10.9.
	 	 Resignation of Administrative Agent or Issuing Lender
	  	 	118	 
	 10.10.
	 	 Additional Secured Parties
	  	 	119	 
	 10.11.
	 	 Release of Collateral or Guarantors; Subordination of Liens
	  	 	119	 
	 10.12.
	 	 Third Party Beneficiaries
	  	 	120	 
		
	 SECTION 11. MISCELLANEOUS
	  	 	120	 
			
	 11.1.
	 	 Amendments and Waivers
	  	 	120	 
	 11.2.
	 	 Notices
	  	 	124	 
	 11.3.
	 	 No Waiver; Cumulative Remedies
	  	 	125	 
	 11.4.
	 	 Survival of Representations and Warranties
	  	 	125	 

  
 iii 

							
	 11.5.
	 	 Payment of Expenses; Indemnification
	  	 	125	 
	 11.6.
	 	 Successors and Assigns; Participations and Assignments
	  	 	127	 
	 11.7.
	 	 Adjustments; Set off
	  	 	133	 
	 11.8.
	 	 Counterparts
	  	 	134	 
	 11.9.
	 	 Governing Law; Third Party Rights
	  	 	134	 
	 11.10.
	 	 Submission to Jurisdiction
	  	 	134	 
	 11.11.
	 	 Marshaling; Payments Set Aside
	  	 	135	 
	 11.12.
	 	 Interest
	  	 	135	 
	 11.13.
	 	 Severability
	  	 	136	 
	 11.14.
	 	 Integration
	  	 	136	 
	 11.15.
	 	 Acknowledgments
	  	 	136	 
	 11.16.
	 	 USA PATRIOT Act
	  	 	136	 
	 11.17.
	 	 Loan Modification Offers
	  	 	137	 

							
	  
 SCHEDULES
	 		  			
			
	 Schedule I
	 	 Commitment Amounts
	  			
	 Schedule II
	 	 Guarantors
	  			
	 Schedule 5.7
	 	 Litigation
	  			
	 Schedule 5.12
	 	 Subsidiaries
	  			
	 Schedule 5.13
	 	Fee Properties, Leased Properties, Other Properties and Mortgaged Properties	  			
	 Schedule 7.13
	 	 Post-Closing Matters
	  			
	 Schedule 8.1 (a)
	 	 Existing Indebtedness
	  			
	 Schedule 8.2(h)
	 	 Existing Liens
	  			
	 Schedule 8.6
	 	 Existing Investments
	  			
	 Schedule 8.10
	 	Agreements Restricting Subsidiary Distributions	  			
	 Schedule 8.12
	 	 Existing Affiliate Transactions
	  			
	 Schedule 8.16
	 	 Negative Pledge
	  			
			
	 EXHIBITS
	 		  			
			
	 Exhibit A
	 	 Form of Revolving Credit Note
	  			
	 Exhibit B
	 	 Form of Tranche B Term Note
	  			
	 Exhibit C
	 	 Form of Compliance Certificate
	  			
	 Exhibit D
	 	 Form of Excess Cash Flow Certificate
	  			
	 Exhibit E
	 	 Form of Assignment and Assumption
	  			
	 Exhibit F
	 	 Form of Guarantee and Collateral Agreement
	  			
	 Exhibit G
	 	 [Reserved]
	  			
	 Exhibit H
	 	 Form of Portfolio Interest Certificate
	  			
	 Exhibit I
	 	 [Reserved]
	  			
	 Exhibit J
	 	 [Reserved]
	  			
	 Exhibit K
	 	 Form of Borrowing Notice
	  			
	 Exhibit L
	 	 Form of Interest Election Request
	  			
	 Exhibit M
	 	 Form of Solvency Certificate
	  			

  

  
 iv 

 This CREDIT AGREEMENT, dated as of September 1, 2016 (this
“Agreement”), is entered into by and among Carbon Analytics Merger Sub LLC, a Delaware limited liability company (“Merger Sub”), to be merged with and into Clearwater Analytics, LLC, a Delaware limited liability
company (“Target” and in its capacity as successor by merger to Merger Sub immediately following consummation of the Merger, a “Borrower”), Carbon Analytics Acquisition LLC, a Delaware limited liability company
(“Holdings”), ARES CAPITAL CORPORATION, a Delaware corporation (in its individual capacity, “Ares Capital”), as Administrative Agent for the several financial institutions from time to time party to this Agreement
(collectively, the “Lenders” and individually each a “Lender”), as Issuing Lender (as defined below) and as a Lender, and such Lenders. 

W I T N E S S E T H: 

A.    Pursuant to the Stock Purchase Agreement and Plan of Merger, dated as of July 26, 2016 (the “Merger
Agreement”), among Holdings, Merger Sub, Target and the other persons party thereto, Merger Sub will be merged with and into Target (the “Merger”), with Target as the surviving limited liability company, in accordance with
the terms thereof. 
 B.    Immediately prior to, or substantially simultaneously with, the consummation of the Merger,
it is intended that (i) equity contributions will be made in cash directly or indirectly to Holdings by the Sponsor (as defined below) and certain other investors (collectively, together with the Sponsor, the “Investors”), a
portion of which shall be further contributed directly or indirectly as common equity to Merger Sub and (ii) certain other equity will be rolled over or directly or indirectly invested in equity of Parent and certain other equity of Parent will
be issued directly or indirectly to, or otherwise directly or indirectly acquired by, existing shareholders and management of Target (clauses (i) and (ii), collectively, the “Equity Contribution”). 

C.    Immediately following, or substantially simultaneously with, the transactions contemplated by the preceding
recitals, it is intended that the Lenders will extend credit to Borrower in the form of (i) Tranche B Term Loans (as defined below) on the Closing Date (as defined below), in an initial aggregate principal amount of $175,000,000 and
(ii) Revolving Credit Loans (as defined below) from time to time on and after the Closing Date, in an aggregate principal amount at any time outstanding not to exceed $20,000,000. The Revolving Credit Facility (as defined below) may include one
or more Letters of Credit (as defined below) from time to time, in each case, on terms and subject to the conditions set forth herein. 

D.    After giving effect to the Merger and the other transactions contemplated to occur on or prior to the Closing Date,
Parent will own 100% of the outstanding equity interests in Holdings, and Holdings will own 100% of the outstanding equity interests in Borrower. 

E.    Immediately following the consummation of the Merger, the Target will, by its execution of the Acknowledgement to
Credit Agreement and Credit Documents attached hereto (the “Acknowledgement”), assume all of the rights, obligations and liabilities as Borrower under the Credit Documents. 

F.    The Lenders are willing to extend such credit to Borrower, and the Issuing Lender is willing to issue Letters of
Credit for the account of Borrower, in each case on the terms and subject to the conditions set forth herein. 

 Accordingly, the parties hereto agree as follows: 

SECTION 1. DEFINITIONS 

1.1.    Defined Terms. As used in this Agreement, the terms defined in the caption hereto shall have the meanings
set forth therein, and the following terms have the following meanings: 
 “Acceptance Notice”: as defined in subsection
2.3(a). 
 “Acquisition”: any transaction or series of related transactions by any Person for (a) the direct or
indirect (i) acquisition of all or substantially all of the Property of another Person, or of any business line, unit or division of another Person or (ii) acquisition of more than 50% of the Capital Stock of another Person, or otherwise
causing another Person (other than a Restricted Subsidiary) to become a Restricted Subsidiary of such Person, or (b) a merger or consolidation or any other combination with another Person. 

“Acquisition Consideration”: the aggregate purchase consideration for any Acquisition and all other payments made (other
than customary and reasonable transaction expenses) and Indebtedness assumed by Borrower or any of its Restricted Subsidiaries (which for each Acquisition shall be measured at the date of consummation thereof), in exchange for, or as part of, or in
connection with any Acquisition, whether paid in cash or by exchange of Capital Stock or of assets or otherwise and whether payable on or prior to the consummation of such Acquisition or deferred for payment at any future time, whether or not any
such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs,” other Profit Payment Agreements and other payments
(other than customary and reasonable transaction expenses); provided, that Acquisition Consideration shall be calculated net of cash and Cash Equivalents acquired as part of the applicable Acquisition. 

“Act”: as defined in subsection 11.16. 

“Additional Issuing Lender”: as defined in subsection 3.14. 

“Administrative Agent”: Ares Capital in its capacity as administrative agent for the Lenders hereunder, and any successor
administrative agent. 
 “Affiliate”: with respect to any Person, any other Person which, directly or indirectly, is in
control of, is controlled by or is under common control with such Person; provided for the purpose of subsection 8.12, a Guarantor shall not be deemed an Affiliate of any Credit Party, nor shall any portfolio company of Sponsor with respect
to transactions entered into by Borrower or any of its Subsidiaries with such portfolio company in the ordinary course of business. For purposes of this definition, a Person shall be deemed to control another Person if such Person has the power,
direct or indirect, (a) to vote 10% or more of the securities having ordinary voting power for the election of members of the Board of Directors of such other Person, whether by ownership of securities, contract, proxy or otherwise, or
(b) to direct or cause the direction of the management and policies of such other Person, whether by ownership of securities, contract, proxy or otherwise. 

“Affiliated Lender”: any Lender that is a Sponsor or a Controlled Investment Affiliate of a Sponsor, excluding, for the
avoidance of doubt, Borrower, any Guarantor or their Subsidiaries. 
 “Agreement”: this Credit Agreement, as amended,
supplemented or modified from time to time. 

  
 2 

 “Applicable Margin”: for any day with respect to (a) Tranche B Tenn
Loans, 6.50% in the case of Index Rate Loans and 7.50% in the case of LIBOR Loans, (b) with respect to Revolving Credit Loans, 6.50% in the case of Index Rate Loans and 7.50% in the case of LIBOR Loans, (c) with respect to Incremental Term
Loans that are not Tranche B Term Loans, the margin to be added to the Index Rate or LIBOR Rate, as the case may be, as agreed upon by Borrower and the Lender or Lenders providing the Incremental Term Commitment relating thereto as provided in
subsection 2.3, (d) with respect to Extended Term Loans, such percentage as shall be agreed to by Borrower and the applicable Extending Tenn Lenders as shown in the applicable Loan Modification Offer and (e) with respect to any Extended
Revolving Credit Commitment, such percentage as shall be agreed to by Borrower and the applicable Revolving Credit Lenders pursuant to the applicable Revolving Extension Notice. 

“Approved Fund”: a fund or commingled investment vehicle that invests in loans and is managed or advised by (a) a
Lender, (b) an Affiliate of a Lender or (c) the same investment advisor as such Lender or Affiliate or by an Affiliate of such investment advisor. 

“Ares Capital”: as defined in the preamble hereto. 

“Asset Sale”: any sale, sale-leaseback, transfer, lease, conveyance or other disposition by Borrower or any of its
Restricted Subsidiaries of any of its property or assets, including the Capital Stock of any Subsidiary, including by issuance of Capital Stock, except sales and dispositions permitted by subsections 8.5(a), (b), (c), (d), (f), (h), (i), (j), (1),
(m) (solely to the extent the aggregate net proceeds received in respect of which following the Closing Date are less than $10,000,000), (n), (o), (p) (solely with respect to sales, transfers, leases or other dispositions to Borrower or any
Subsidiary Guarantor), (q), (r) and (s). 
 “Assignee”: each Person acquiring Loans and Commitments pursuant to subsection
11.6(c). 
 “Assignment and Assumption”: an assignment and acceptance substantially in the form of Exhibit E, or
such other form as shall be approved by the Administrative Agent and, to the extent Borrower’s consent to the assignment evidenced thereby is required hereunder, Borrower. 

“Available Amount”: as of any date of determination, an amount (if positive) equal to 

(a)    $7,500,000, plus 

(b)    for each fiscal year of Borrower commencing with the fiscal year ending December 31, 2017 and
for which financial statements shall have been delivered in accordance with subsection 7.1(a), (i) 100% of Excess Cash Flow (which shall not be less than zero for any year) for such years minus (ii) the aggregate amount of prepayments
made (or required to be made pursuant to the terms hereof) by Borrower in respect of such fiscal years in accordance with subsection 4.5(e) and made pursuant to subsection 4.4 to the extent such voluntary prepayments reduce a required Excess Cash
Flow payment, plus 
 (c)    the amount of any capital contributions received by Holdings or
proceeds of equity issuances by Holdings (other than proceeds of Permitted Securities otherwise applied pursuant to subsections 8.6(1) and 8.6(m)), in each case, solely to the extent permitted hereunder and contributed as common equity to Borrower
(other than in connection with Cure Amounts or Excluded Claim Payments) after the Closing Date and prior to such date of determination, plus 

  
 3 

 (d)    to the extent not included in clause
(b) above, (i) the aggregate amount of any cash Returns received by Borrower or any of its Restricted Subsidiaries in respect of Investments made in reliance on the Available Amount pursuant to Section 8.6(m) and 8.6(n); provided
that in no case shall such amount exceed the amount of such Investments, and (ii) in the event that Borrower redesignates any Unrestricted Subsidiary as a Restricted Subsidiary after the Closing Date (which, for purposes hereof, shall be deemed
to also include (A) the merger, consolidation, liquidation or similar amalgamation of any Unrestricted Subsidiary into Borrower or any Restricted Subsidiary, so long as Borrower or such Restricted Subsidiary is the surviving Person, and
(B) the transfer of all or substantially all of the assets of an Unrestricted Subsidiary to Borrower or any Restricted Subsidiary), so long as the Investment corresponding to the initial designation of such Subsidiary as an Unrestricted
Subsidiary was made in reliance on the Available Amount pursuant to Section 8.6(n), the fair market value (as determined in good faith by Borrower) of the Investment in such Unrestricted Subsidiary at the time of such redesignation, plus

 (e)    the aggregate amount of any Declined Proceeds, minus 

(f)    the aggregate amount of all Investments made in reliance on the Available Amount pursuant to
subsection 8.6(m) and 8.6(n), minus 
 (g)    the aggregate amount of all Restricted Payments made
in reliance on the Available Amount pursuant to subsection 8.1 l(i), minus 
 (h)    the aggregate
amount of all prepayments of Junior Indebtedness made in reliance on the Available Amount pursuant to subsection 8.15(a)(3). 

“Available Revolving Credit Commitment”: as to any Lender, at a particular time, an amount equal to (a) the amount of
such Lender’s Revolving Credit Commitment (including any Incremental Revolving Credit Commitment) at such time less (b) the sum of (i) the aggregate unpaid principal amount at such time of all Revolving Credit Loans made by
such Lender pursuant to subsection 3.1, (ii) such Lender’s L/C Participating Interest in the aggregate amount available to be drawn at such time under all outstanding Letters of Credit issued by the Issuing Lender and (iii) such
Lender’s Revolving Credit Commitment Percentage of the aggregate outstanding amount of L/C Obligations; collectively, as to all the Lenders, the “Available Revolving Credit Commitments.” 

“Bankruptcy Code”: Title I of the Bankruptcy Reform Act of 1978, as amended and codified at Title 11 of the United States
Code. 
 “Beneficial Owner”: as defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person”
will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage
of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 

“Board”: the Board of Governors of the Federal Reserve System, together with any successor. 

“Board of Directors”: as for any Person, the board of directors (or similar governing body) of such Person or any duly
authorized committee thereof. 

  
 4 

 “Borrower”: means, collectively, Merger Sub, immediately prior to the
consummation of the Merger, and Target, as successor by merger to Merger Sub immediately following consummation of the Merger. 

“Borrowing”: any borrowing of a Loan hereunder pursuant to a Borrowing Notice. 

“Borrowing Date”: any Business Day specified in a notice pursuant to (a) subsection 4.1 as a date on which Borrower
requests the Lenders to make Loans hereunder or (b) subsection 3.4 as a date on which Borrower requests the Issuing Lender to issue a Letter of Credit hereunder. 

“Borrowing Notice”: any notice of Borrowing delivered substantially in the form of Exhibit K. 

“Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized
or required by law to close; provided, however, that when used in connection with a LIBOR Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank
market. 
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of
capital stock of a corporation, any and all of the partnership interests, membership interests or equivalent equity securities in a Person (other than a corporation) and any and all warrants or options to purchase, or securities or instruments
convertible into or exchangeable for, any of the foregoing. 
 “Capitalized Leases”: all leases that have been or are
required to be, subject to subsection 1.2(e), in accordance with GAAP, recorded as capitalized 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 in accordance with GAAP. 
 “Cash Collateralize”: to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the Issuing Lender, as collateral for L/C Obligations or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent and the Issuing Lender
shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the Issuing Lender. “Cash Collateral” shall have a
meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Cash
Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing
within one year from the date of acquisition; (b) certificates of deposit, time or demand deposits, eurodollar time deposits or overnight bank deposits having maturities of one year or less from the date of acquisition issued by, guaranteed by
or placed with, and money market deposit accounts issued or offered by, any office of any Lender, or any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not less than
$500,000,000; (c) commercial paper of an issuer rated at least A-l by S&P or P-1 by Moody’s, or carrying an equivalent rating by a nationally recognized rating
agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within one year from the date of acquisition of such commercial paper; (d) repurchase obligations of any Lender or of
any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities with
maturities of one year or less from the date of acquisition of 

  
 5 

 
such security issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or
territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or Moody’s; (f) securities
with maturities of one year or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) shares of money market
mutual or similar funds which invest substantially all of their assets in assets satisfying the requirements of clauses (a) through (f) of this definition; or (h) other shortterm investments utilized by Foreign Subsidiaries in accordance
with normal investment practices for cash management in investments of a type analogous to the foregoing. 
 “Cash Management
Agreement”: any agreement relating to Cash Management Services. 
 “Cash Management Services” means any one or
more of the following types of services or facilities including (a) ACH transactions, (b) cash management services, including controlled disbursement services, treasury, depository, overdraft, bank acceptance draft issuance and commercial
acceptance draft discounting, sight draft and electronic funds transfer services, (c) credit card processing services, (d) credit or debit cards and (e) purchase cards. 

“CERCLA”: as defined in subsection 5.17(h). 

“CFC”: a controlled foreign corporation within the meaning of Section 957 of the Code. 

“Change in Law”: with respect to any Lender, (a) the adoption of, or change in, any law, treaty, rule, regulation,
policy, guideline or directive (whether or not having the force of law, and including regulations enacted after the Closing Date pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act), (b) any change in the interpretation or
application thereof by any Governmental Authority having jurisdiction over such Lender, or (c) any determination of an arbitrator or a court or other Governmental Authority with which such Lender, in the reasonable opinion of its counsel, must
comply to avoid censure or penalty, in each case after the Closing Date. 
 “Change of Control”: shall be considered to
have occurred if: 
 (a)    at any time prior to a Qualified Public Offering, either (i) the
Permitted Holders shall cease to own, directly or indirectly, in the aggregate, issued and outstanding Capital Stock of Borrower having at least forty percent of the voting power of the then outstanding Capital Stock of Borrower or (ii) the
Sponsor shall cease to have the right, directly or indirectly, to designate a majority of the members of the Board of Directors of Borrower; 

(b)    at any time after a Qualified Public Offering: if (i) any Person (other than the Permitted
Holders or any person acting in the capacity of an underwriter with respect to a distribution of Capital Stock of Borrower), whether singly or in concert with one or more Persons, shall, directly or indirectly, have acquired or acquire the power to
vote or direct the voting of 35% or more, on a fully diluted basis, of the outstanding Capital Stock of Borrower and (ii) at such time the Permitted Holders own, directly or indirectly, in the aggregate, issued and outstanding Capital Stock of
Borrower representing less voting power than the then outstanding Capital Stock of Borrower held by such Person(s); or 

(c)    Holdings shall cease to own and control, directly or indirectly, one hundred percent (100%) of the
then outstanding Capital Stock of Borrower. 

  
 6 

 “Closing Date”: the Business Day of the funding of the Tranche B Term
Loans. 
 “Closing Date Material Adverse Effect”: a Material Adverse Effect (as defined in the Merger Agreement). 

“Code”: the United States Internal Revenue Code of 1986, as amended from time to time. 

“Collateral”: all property and assets of the Credit Parties, owned as of the Closing Date or thereafter acquired, upon which
a Lien is purported to be created by any Security Document. 
 “Commitment”: as to any Lender at any time, such
Lender’s Tranche B Term Loan Commitment, Incremental Tenn Commitment, Revolving Credit Commitment and/or Incremental Revolving Credit Commitment; collectively, as to all the Lenders from time to time, the “Commitments”. 

“Commitment Fee”: as defined in subsection 3.2. 

“Commitment Fee Rate”: 0.50% per annum. 

“Commitment Percentage”: as to any Lender at any time, its Tranche B Term Loan Commitment Percentage, Incremental Term Loan
Commitment Percentage, Tenn Loan Commitment Percentage or Revolving Credit Commitment Percentage, as the context may require. 

“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. 
 “Company Representations”: such representations and warranties regarding the Target and its
Subsidiaries in the Merger Agreement as are material to the interests of the Lenders, but only to the extent that Holdings or its Affiliates has the right to terminate its or its Affiliates’ obligations under the Merger Agreement (or the right
not to consummate the Merger pursuant to the Merger Agreement) or to not close thereunder as a result of a failure of such representations and warranties to be true and correct. 

“Compliance Certificate”; an officer’s certificate substantially in the form of Exhibit C or such other fonn as
shall be approved by the Administrative Agent and Borrower. 
 “Consolidated Current Assets”: at any date, all amounts
(other than cash and Cash Equivalents and the current portion of deferred tax assets) that would, in confonnity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of
Borrower and its Restricted Subsidiaries at such date. 
 “Consolidated Current Liabilities”: at any date, all amounts
that would, in conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like caption) on a consolidated balance sheet of Borrower and its Restricted Subsidiaries at such date, but excluding (a) the
current portion of any long-term Indebtedness of Borrower and its Restricted Subsidiaries, (b) without duplication of clause (a) above, all Indebtedness consisting of contingent obligations under outstanding Letters of Credit or Revolving
Credit Loans to the extent otherwise included therein and (c) the current portion of deferred tax liabilities. 

  
 7 

 “Consolidated EBITDA”: for any period: 

(a)    Consolidated Net Income for such period, plus 

(b)    without duplication and, except with respect to clauses (xiii)(l) and (xiv), to the extent reflected
as a charge in the statement of such Consolidated Net Income for such period, the sum of: 

(i)    total provision for income tax expense and the amount of any Tax Distributions, plus 

(ii)    consolidated interest expense, premiums paid on Indebtedness repaid or redeemed, costs of surety
bonds in connection with financing activities and other fees and charges associated with the acquisition or repayment of any Indebtedness of Borrower or its Subsidiaries, and net payments, if any, pursuant to Interest Rate Agreements, plus

 (iii)    depreciation and amortization (including impairment of goodwill) expense, plus 

(iv)    franchise taxes, state single business unitary and other state-based or jurisdictional taxes and
similar taxes that are in the nature of income taxes, plus 
 (v)    any extraordinary expenses,
losses or charges, in an aggregate amount not to exceed 10% of Consolidated EBITDA (prior to giving effect to such addback) for such period, plus 

(vi)    any other non-cash charges, plus 

(vii)    any fees, costs and expenses related to any warrant or equity offering or repurchase, Investment,
Permitted Acquisition, Asset Sale, dividend or distribution peimitted hereunder or the incurrence or amendment or other modification of Indebtedness permitted to be incurred hereunder (including a refinancing thereof) (in each case, whether or not
successful), plus 
 (viii)    the amount of expenses accrued in such period and payable to the
Sponsor to the extent permitted under subsection 8.12(h) or (i), plus 
 (ix)    any costs and
expenses related to the Transactions, plus 
 (x)    (1)
non-recurring or unusual expenses, losses or charges and (2) fees, charges and expenses in respect of integration, severance, retention, relocation, transition and other similar employee expenses,
consolidation, opening and closing costs for facilities and/or consolidation of facilities, future lease commitments, systems establishment, business optimization and other restructuring or similar costs (including accounting expenses related
thereto), in an aggregate amount for clauses (1) and (2) not to exceed (I) 15% of Consolidated EBITDA for each such period after the Closing Date and prior to the second anniversary of the Closing Date and (II) 10% for

  
 8 

 
each such period thereafter (in each case, after giving effect to any Specified Transaction, but prior to giving effect to (A) such addbacks and (B) any deduction in the calculation of
Consolidated EBITDA in respect of capitalized software development costs incurred in such Test Period in accordance with clause (c)(iv) below), plus 

(xi)    all settlement or judgment payments, including legal fees and expenses, with respect to the
Specified Litigation Liabilities to the extent that such payments are not prohibited to be made pursuant to Section 8.3(a), plus 

(xii)    any net loss attributable to discontinued operations, as determined in accordance with GAAP, and
operations or businesses (and ownership interests therein) disposed of during the period, plus 

(xiii)    (1) the aggregate amount of expenses or losses incurred by Borrower or one of its Restricted
Subsidiaries relating to business interruption to the extent covered by insurance and (x) actually reimbursed or otherwise paid to Borrower or such Restricted Subsidiary or (y) so long as such amount is reasonably expected to be received
by Borrower or such Restricted Subsidiary within 180 days of the date of determination (with a deduction in the applicable future period for any amount so added back to the extent not so reimbursed within such 180 days) and (2) the aggregate
amount of any loss incurred by Borrower or one of its Restricted Subsidiaries during such period for which there is other insurance or indemnity coverage and for which such insurance or indemnity recovery is reasonably expected to be received by
Borrower or one of its Restricted Subsidiaries within 180 days of the date of determination (with a deduction in the applicable future period for any amount so added back to the extent not so reimbursed within such 180 days), plus 

(xiv)    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 were deducted in the calculation of Consolidated EBITDA pursuant to clause (c)(i) below for any current or
previous period and not added back, plus 
 (xv)    customary fees, expenses and indemnity
payments paid to or on behalf of Borrower’s directors, plus 
 (xvi)    costs, fees and
expenses to the extent funded with the net proceeds of the issuance of any Permitted Securities received by Borrower during such period, plus 

(xvii)    expenses during such period in connection with earn-outs, guarantees and other deferred or
similar payments in connection with Permitted Acquisitions, Investments and the Merger, in each case, to the extent required to be included in the calculation of Consolidated Net Income in accordance with GAAP during such period as an accounting
adjustment to the extent that the actual amount payable or paid in respect of such earn-outs or other deferred payments exceeds the liability booked by the applicable Credit Party therefore; minus 

  
 9 

 (c)    without duplication and to the extent included in
the statement of Consolidated Net Income for such period, the sum of: 
 (i)    all non-cash income or gains, plus 
 (ii)    all cash payments
made (or netting arrangements resulting in reduced cash receipts) during such period on account of reserves, restructuring charges and other non-cash charges added to Consolidated Net Income pursuant to clause
(b)(vi) above in a previous period, plus 
 (iii)    to the extent included in the statement of
such Consolidated Net Income for such period, the sum of (1) interest income (except to the extent deducted in determining consolidated interest expense), (2) any extraordinary, non-recurring or unusual
income or gains, (3) gains on the sales of assets outside of the ordinary course of business, (4) any net after tax gain or income from the early extinguishment of Indebtedness and (5) any net income attributable to discontinued
operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of during the period, all as determined on a consolidated basis, plus 

(iv)    the aggregate amount of capitalized software development costs incurred in such Test Period; 

provided that the following items shall be excluded from Consolidated Net Income for purposes of the determination of Consolidated EBITDA: (x) any
net unrealized gain or loss (after any offset) resulting in such period from obligations under any Hedge Agreements in accordance with GAAP; (y) any net unrealized gain or loss (after any offset) resulting in such period from currency
translation gains or losses, including those (A) related to currency remeasurements of Indebtedness and (B) resulting from hedge agreements for currency exchange risk; and (z) the cumulative effect of a change in accounting principles
(effected either through cumulative effect adjustment or a retroactive application). Notwithstanding the foregoing, Consolidated EBITDA for the fiscal quarters ended September 30, 2015, December 31, 2015, March 31, 2016 and
June 30, 2016 shall be deemed to be $5,124,897, $7,202,664, $6,127,654 and $6,614,653, respectively; provided that the numbers in this sentence are subject (without duplication) to further adjustment pursuant to subsection 1.3. 

“Consolidated Indebtedness”: at a particular date, the aggregate stated principal amount of Indebtedness consisting (without
duplication) of funded Indebtedness for borrowed money, purchase money Indebtedness, obligations in respect of Capitalized Leases, unpaid earnouts and similar contingent payment obligations to the extent due and owing and debt obligations evidenced
by promissory notes or similar instruments and guarantees thereof, determined on a consolidated basis in accordance with GAAP at such date; provided that Consolidated Indebtedness shall not include Indebtedness in respect of (a) any
letter of credit, except to the extent of unreimbursed amounts under standby letters of credit or (b) obligations under Hedge Agreements. 

“Consolidated Net Income”: for any period, net income (or loss) of Borrower and its Restricted Subsidiaries, determined on a
consolidated basis in accordance with GAAP; provided that (a) the net income (but not net loss) of any Person that is accounted for by the equity method of accounting shall not be included except to the extent paid in cash as a dividend
or distribution to Borrower or a Guarantor and (b) Consolidated Net Income shall not include any purchase accounting effects including, but not limited to, adjustments to inventory, property and equipment, software and other intangible assets
and deferred revenue in component amounts required or permitted by GAAP and related 

  
 10 

 
authoritative pronouncements (including the effects of such adjustments pushed down to Borrower and the Restricted Subsidiaries), as a result of any consummated acquisition, or the amortization
or write-off of any amounts thereof (including any write-off of in process research and development). 

“Consolidated Total Net Leverage Ratio”: at any time, the ratio of (a) Consolidated Indebtedness of Borrower and its
Restricted Subsidiaries as of such time minus the lesser of (i) $12,500,000 and (ii) the amount of unrestricted cash and Cash Equivalents of Borrower and its Restricted Subsidiaries (other than unrestricted cash and Cash Equivalents that
are maintained in Excluded Accounts) that, beginning with the date that is ninety (90) days after the Closing Date, is subject to a first priority perfected Lien in favor of the Administrative Agent pursuant to a Control Agreement (excluding,
for the avoidance of doubt, with respect to any calculation of the Consolidated Total Net Leverage Ratio pursuant to subsection 2.3(a), the proceeds of any loans drawn under any Incremental Facilities on the applicable Increased Amount Date) to
(b) Consolidated EBITDA for the most recently completed four fiscal quarters of Borrower for which financial statements have been or are required to be provided to the Lenders pursuant to subsection 7.1. 

“Consolidated Working Capital”: at any date, the excess of Consolidated Current Assets on such date over Consolidated
Current Liabilities on such date. 
 “Contingent Obligation”: as to any Person, any obligation of such Person guaranteeing
or in effect guaranteeing any Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such
Person, whether or not contingent, (a) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any such primary
obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services primarily for the purpose
of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (d) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect
thereof; provided that the term Contingent Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business or any product warranties or other similar contingent obligations, including
indemnities. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount (based on the maximum reasonably anticipated net liability in respect thereof as determined by Borrower in good faith) of
the primary obligation or portion thereof in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated net liability in respect thereof (assuming such Person is required to perform
thereunder) as determined by Borrower in good faith. 
 “Contractual Obligation”: as to any Person, any provision of any
security issued by such Person or of any agreement, instrument or undertaking to which such Person is a party or by which it or any of the property or assets owned by it are bound. 

“Control Agreement”: as defined in the Guarantee and Collateral Agreement. 

“Controlled Investment Affiliate”: as to any Person, any other Person which, directly or indirectly, is in control of, is
controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of management and policies of such Person whether
by contract or otherwise. 
 “Covered Taxes”: all Taxes excluding Excluded Taxes. 

  
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 “Credit Documents”: this Agreement, the Notes, any agreements entered into
with the Issuing Lender with respect to the issuance of Letters of Credit hereunder, the Guarantee and Collateral Agreement, the Mortgages, any Incremental Loan Amendment and all other documents delivered to the Administrative Agent and/or any
Lender in connection herewith or therewith. 
 “Credit Parties”: the collective reference to Borrower and the Guarantors.

 “Cure Amount”: as defined in Section 9. 

“Cure Right”: as defined in Section 9. 

“Debtor Relief Laws”: the Bankruptcy Code 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. 

“Declined Proceeds”: as defined in subsection 4.7(c). 

“Default”: any of the events specified in Section 9, whether or not any requirement for the giving of notice, the lapse
of time, or both, has been satisfied, unless cured (to the extent able to be cured) or waived in accordance with the terms of this Agreement. 

“Defaulting Lender”: subject to subsection 4.18(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 Borrower in writing that such failure is solely the result of such Lender’s 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, the
Issuing Lender 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 Borrower, the
Administrative Agent or the Issuing Lender 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 solely on such Lender’s 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 Borrower, to confirm in writing to the Administrative Agent and Borrower 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
Borrower), or (d) is or has become, after the date it becomes a Lender, or has a direct or indirect parent company that is or has become, after the date it becomes a Lender, (i) the subject of a proceeding under any Debtor Relief Law, or
(ii) had appointed for it a receiver, 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; 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 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 made in

  
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good faith 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 subsection 4.18(b)) upon delivery of written notice of such determination to Borrower, the Issuing Lender and each Lender. 

“Destruction”: any and all damage to, or loss or destruction of, all or any portion of the Collateral. 

“Disqualified Equity Interests” means Equity Interests that by their terms (or by the terms of any security into which they
are convertible or for which they are exchangeable) (a) require the payment of any cash dividends (other than dividends payable solely in shares of Qualified Equity Interests), (b) mature or are mandatorily redeemable or subject to mandatory
repurchase or redemption or repurchase at the option of the holders thereof, in whole or in part and whether upon the occurrence of any event, pursuant to a sinking fund obligation, on a fixed date or otherwise, prior to the date that is 91 days
after the latest maturity date for any of the Loans (other than upon a change of control, asset sale or similar event or IPO, if such payment is subject to repayment of the Obligations (other than unasserted expense reimbursement and contingent
indemnity obligations)) or (c) are convertible or exchangeable, automatically or at the option of any holder thereof, into any Indebtedness other than Indebtedness otherwise permitted under subsection 8.01; provided that if such Equity
Interests are issued pursuant to a plan for the benefit of employees of the Borrower or the Restricted Subsidiaries or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Equity Interests solely because it may
be required to be repurchased by Holdings or the Restricted Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability. 

“Disqualified Lender”: (a) (i) those persons identified in writing by Borrower or the Sponsor from time to time that
are competitors of the Credit Parties and their Subsidiaries and (ii) any Affiliates of any such competitors (other than Affiliates that are bona fide debt funds or fixed income investors that are engaged in making or purchasing commercial
loans in the ordinary course of business, except to the extent otherwise disqualified pursuant to the following clause (b)), in each case, that are either (x) separately identified in writing by Borrower or the Sponsor from time to time or
(y) clearly identifiable on the basis of such affiliate’s name, (b) those banks, financial institutions and other persons separately identified by Borrower or the Sponsor to Agent in writing prior to the date hereof or
(c) private equity affiliates of the Lenders. With respect to any Disqualified Lender that is designated after the Closing Date, such designation shall not have retroactive effect. 

“Disregarded Subsidiary”: any Subsidiary if all or substantially all of its assets, directly or indirectly through one or
more Subsidiaries that are disregarded entities for U.S. federal income tax purposes, consist of cash and the Capital Stock and debt of one or more Foreign Subsidiaries that are CFCs. 

“Dollars” and “$”: lawful money of the United States. 

“Domestic Subsidiary”: any Subsidiary of Borrower that is incorporated or organized under the laws of the United States of
America, any state thereof or the District of Columbia. 
 “E-Fax”: any system
used to receive or transmit faxes electronically. 
 “E-Svstem”: any electronic
system, approved by the Administrative Agent, including Intralinks® and ClearPar® and any other Internet or extranet-based site,
whether such electronic system is owned, operated or hosted by the Administrative Agent, any of its Affiliates or any other person, providing for access to data protected by passcodes or other security system. 

  
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 “Electronic Transmission”: each document, instruction, authorization,
file, information and any other communication transmitted, posted or otherwise made or communicated by e mail or E-Fax, or otherwise to or from an E-System or other
equivalent service. 
 “Eligible Assignee”: (a) a Non-Defaulting Lender;
(b) an Affiliate of any NonDefaulting Lender (other than a private equity Affiliate or an Affiliated Lender); (c) an Approved Fund of a Non-Defaulting Lender (other than a private equity Affiliate or an
Affiliated Lender); (d) an Affiliated Lender pursuant to the terms and conditions of subsection 11.6(j); (e) Holdings, Borrower or a Subsidiary of Borrower pursuant to the terms and conditions of subsection 11.6(k); and (f) any other Person
(other than a natural person) approved by the Administrative Agent and Borrower (in each case, such approval not to be unreasonably withheld or delayed); provided that (i) Borrower’s approval is not required during the existence and
continuation of an Event of Default under subsection 9(A)(a), 9(A)(c) (solely with respect to a default in the observance or performance of any agreement contained in subsection 8.9), 9(A)(d) (solely with respect to a default in the observance or
performance of any agreement contained in subsections 7.1(a), 7.1(b) or 7.1(c) or subsection 7.2(a)) or 9(A)(f); (ii) approval by Borrower shall be deemed given if no objection is received by the assigning Lender and the Administrative Agent from
Borrower within ten Business Days after such request for such approval has been delivered to Borrower in writing; and (iii) neither Borrower nor an Affiliate of Borrower (other than in accordance with and subject to the restrictions of
(x) in the case of an Affiliated Lender, subsection 11.6(j) and (y) with respect to Holdings, Borrower and their respective Subsidiaries, 11.6(k)) shall qualify as an Eligible Assignee; provided, further, that it shall not be deemed
unreasonable for the Administrative Agent to require any proposed Eligible Assignee to disclose whether it is the holder of any Junior Indebtedness of Holdings, Borrower or any of its Subsidiaries or to withhold its approval with respect to any such
proposed Eligible Assignee that is a holder of any such Junior Indebtedness. Notwithstanding the foregoing, (1) no Person shall be an Eligible Assignee with respect to Revolving Credit Loans, Revolving Credit Commitments or Incremental
Revolving Credit Commitments unless (a) such Person is already a Revolving Credit Lender or an Affiliate of a Revolving Credit Lender that is a Non-Defaulting Lender hereunder, or (b) has been
approved in writing by the Administrative Agent and the Issuing Lender (such approval not to be unreasonably (subject to the proviso of the immediately preceding sentence) withheld of delayed) and (2) no assignment shall be made to any
Disqualified Lender unless an Event of Default exists under subsection 9(A)(a) or 9(A)(f). 
 “Employee Benefit Plan”: an
employee benefit plan (as defined in Section 3(3) of ERISA, but other than a Multiemployer Plan) that is maintained or contributed to by Borrower or any Restricted Subsidiary or, solely with respect to an employee benefit plan subject to Title
IV of ERISA, by any ERISA Entity or with respect to which Borrower or any of its Restricted Subsidiaries has or may have any Liability. 

“Environmental Laws”: any and all foreign, federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees or requirements of any Governmental Authority or Requirements of Law (including, without limitation, common law) relating to pollution or protection of the environment (including, without limitation, pollution or
protection of ambient air, soil, subsurface strata, surface water, groundwater and natural resources such as flora, fauna and wetlands) or public or employee health and safety (to the extent related to exposure to Hazardous Materials), including,
without limitation, to the release or threatened release, manufacture, storage, treatment, handling, use, transport, arrangement for disposal or disposal of Hazardous Materials, on or prior to the Closing Date or that may at any time thereafter be
in effect. 

  
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 “Environmental Permits”: any and all permits, licenses, registrations,
notifications, exemptions, variances and any other authorizations required by any Governmental Authority under or pursuant to any Environmental Law. 

“Equity Interests”: as defined in the Guarantee and Collateral Agreement. 

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

“ERISA Entity”: any member of the ERISA Group. 

“ERISA Event”: (a) any “reportable event,” as defined in Section 4043(c) of ERISA or the regulations issued
thereunder, with respect to a Pension Plan (other than an event for which the 30-day notice period is waived by applicable regulation); (b) a failure by any Pension Plan to meet the minimum funding standards
(as defined in Section 412 or 430 of the Code or Section 302 or 303 of ERISA) applicable to such Pension Plan, in each instance, whether or not waived that would result in the imposition of a Lien or other encumbrance; (c) 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 that would result in the imposition of a Lien or other
encumbrance; (d) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Pension Plan; (e) the incurrence by any ERISA Entity
of any Liability under Title IV of ERISA with respect to the termination of any Pension Plan; (f) the receipt by any ERISA Entity from the PBGC or a plan administrator of any notice relating to an intention to terminate any Pension Plan or to
appoint a trustee to administer any Pension Plan, or the occurrence of any event or condition that could reasonably be expected to constitute grounds under ERISA for the tennination of or the appointment of a trustee to administer any Pension Plan;
(g) the incurrence by any ERISA Entity of any Liability with respect to the withdrawal or partial withdrawal from any Pension Plan or Multiemployer Plan; (h) the receipt by any ERISA Entity of any notice, or the receipt by any
Multiemployer Plan from any ERISA Entity of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is reasonably expected to be, insolvent or in Reorganization, within the meaning of Title
IV of ERISA; (i) the making of any amendment to any Pension Plan that could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security; (j) the occurrence of a “prohibited transaction”
(as defined in Section 4975 of the Code) with respect to any Employee Benefit Plan or Multiemployer Plan with respect to which Borrower or any such Restricted Subsidiary could have Liability; or (k) the failure of any Employee Benefit Plan
to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any Employee Benefit Plan to qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code. 

“ERISA Group”: Borrower, any Restricted Subsidiary and all corporations and all trades or businesses (whether or not
incorporated) under common control that, together with Borrower or any Restricted Subsidiary, are treated as a single employer under Section 414(b) or (c) of the Code, or Section 414(m) or (o) of the Code solely with respect to
Section 412 or 430 of the Code. 
 “Event of Default”: any of the events specified in Section 9; provided
that any requirement for the giving of notice, the lapse of time, or both, in each case, as set forth in such Section 9, has been satisfied. 

  
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 “Excess Cash Flow”: for any fiscal year of Borrower, the excess, if any,
of: 
 (a)    the sum, without duplication, of (i) Consolidated EBITDA for such fiscal year
(provided that for the purpose of this definition, Consolidated EBITDA shall not be calculated on a Pro Forma Basis) and (ii) decreases in Consolidated Working Capital for such fiscal year (determined without giving effect to
(w) any Permitted Acquisition or Asset Sale, (x) purchase accounting, (y) as a result of the reclassification of items from short-term to long-term and vice versa or (z) changes to Consolidated Working Capital resulting from non-cash charges and credits to consolidated current assets and consolidated current liabilities (including, without limitation, derivatives, deferred income tax and deferred revenues)), minus 

(b)    the sum, without duplication, of (i)the aggregate amount actually paid by Borrower and its
Restricted Subsidiaries in cash during such fiscal year on account of capital expenditures (other than capital expenditures funded with the proceeds of the incurrence of Indebtedness (other than revolving loans) or the issuance of Permitted
Securities), (ii) the aggregate amount of payments of principal in respect of any Indebtedness (including the principal component of payments made in respect of Capital Leases) during such fiscal year (other than (w) voluntary prepayments of
the Term Loans and Revolving Credit Loans made pursuant to subsection 4.4, (x) pursuant to subsection 4.5, except in the case of a prepayment under subsection 4.5(c) to the extent required due to an Asset Sale that resulted in an increase to
Consolidated Net Income and not in excess of the amount of such increase, (y) payments of principal in respect of any revolving credit facility to the extent that there is not an equivalent reduction in the commitments in respect of such
facility and (z) any repayment of Indebtedness to the extent made with the proceeds of the incurrence of Indebtedness (other than revolving loans) or the issuance of Permitted Securities), (iii) cash interest expense (including fees paid in
connection with letters of credit and surety bonds and commitment fees and other periodic bank charges) of Borrower and its Restricted Subsidiaries, (iv) the amount of taxes (including franchise taxes, state single business unitary taxes and
other state-based or jurisdictional taxes and similar taxes that are in the nature of income taxes) or, without duplication, Tax Distributions actually paid or to be paid in cash by Borrower and its Restricted Subsidiaries for such fiscal year
either during such fiscal year or within a normal payment period thereof, (v) to the extent added to Consolidated Net Income in calculating Consolidated EBITDA for such fiscal year, the net cash cost of Interest Rate Agreements, (vi) the
amount of all non-cash credits included in the calculation of Consolidated EBITDA and cash actually paid by Borrower and its Restricted Subsidiaries in connection with
sub-clauses (v), (vii), (viii), (ix), (x), (xi), (xii), (xiii) and (xv) of clause (b) in the definition of Consolidated EBITDA, (vii) increases in Consolidated Working Capital for such fiscal
year (determined without giving effect to (w) any Permitted Acquisition or Asset Sale, (x) purchase accounting, (y) as a result of the reclassification of items from short-term to long-term and vice versa or (z) changes to
Consolidated Working Capital resulting from non-cash charges and credits to consolidated current assets and consolidated current liabilities (including, without limitation, derivatives, deferred income tax and
deferred revenues)), (viii) the aggregate amount paid in cash by Borrower and/or its Subsidiaries on account of (x) Restricted Payments permitted under subsections 8.11(c), 8.11(e), 8.11(g), 8.11 (i), 8.1 l(k), 8.1 l(m), 8.11(n) and 8.11(o)
(except to the extent made with the proceeds of Indebtedness (other than revolving loans) or the issuance of Permitted Securities), and (y) Permitted Acquisitions or Investments, including payments in cash of earn-outs, deferred purchase price and
other contingent payment obligations in connection therewith (except to the extent made with the proceeds of Indebtedness (other than revolving loans) or the issuance of Permitted Securities), solely to the extent such amounts have not already been
deducted in calculating Consolidated EBITDA, (ix) cash payments by Borrower and its Restricted Subsidiaries during such period in respect of long-term liabilities of Borrower and its Restricted Subsidiaries other than Indebtedness to the extent
such payments are not expensed during such period or are not deducted in calculating Consolidated Net Income, (x) the aggregate amount of any premium, make-whole or penalty payments actually paid in cash by Borrower and its Restricted
Subsidiaries during such period that are required to be made in connection with any prepayment of Indebtedness permitted hereunder, (xi) without 

  
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duplication of amounts deducted from Excess Cash Flow in prior periods, the aggregate consideration paid in cash by Borrower and its Restricted Subsidiaries pursuant to binding contracts or
executed letters of intent (the “Contract Consideration”) entered into prior to or during such period relating to Permitted Acquisitions, investments or capital expenditures to be consummated or made, plus any restructuring cash
expenses or pension payments in each case within the period from the end of such fiscal year to the Excess Cash Flow Prepayment Date and (xii) without duplication of amounts deducted from Excess Cash Flow in prior periods, cash payments against
non-cash charges accrued in a prior period and other cash payments not expensed in determining Consolidated Net Income for such period; 

provided that, at the option of Borrower, all such payments made after the end of the applicable fiscal year and prior to the Excess
Cash Flow Prepayment Date may (without duplication of such amount deducted in any prior period) be deducted from Excess Cash Flow for such prior fiscal year. 

“Excess Cash Flow Certificate”: an officer’s certificate substantially in the form of Exhibit D or such other
form as shall be approved by the Administrative Agent and Borrower. 
 “Excess Cash Flow Prepayment Date”: as defined in
subsection 4.5(e) 
 “Exchange Act”: the Securities Exchange Act of 1934, as amended. 

“Excluded Account”: as defined in the Guaranty and Collateral Agreement. 

“Excluded Claim Payment”: shall mean settlement or judgment payments, including legal fees and expenses, with respect to the
Specified Litigation Liabilities that are funded with (i) the net cash proceeds of equity investments in Holdings, tlie cash proceeds of which are contributed to Borrower and that consist of common equity or other Qualified Equity Interests
(and that does not include Cure Amounts), (ii) insurance proceeds or (iii) third party indemnification. 
 “Excluded Equity
Interests”: (a) solely in the case of any pledge of Equity Interests of (i) any Foreign Subsidiary that is a CFC or (ii) any Disregarded Subsidiary, in each case directly owned by Borrower or any Domestic Subsidiary of Borrower,
any Equity Interests that are Equity Interests of such Subsidiary in excess of 65% of the outstanding Equity Interests of such Subsidiary, (b) any and all Equity Interests in any Subsidiary of a CFC or a Disregarded Subsidiary, (c) any
Equity Interests of a Subsidiary if the greater of the aggregate fair market value and aggregate book value for all such Subsidiaries whose Equity Interests constitute Excluded Equity Interests pursuant to this clause (c) is less than
$5,000,000, (d) any Equity Interests of any Excluded Subsidiary (other than a Subsidiary of the type described in clause (b), (c) and (d) of the definition of “Excluded Subsidiary”), (e) any Equity Interests of any Subsidiary that is
not a wholly-owned Subsidiary of Borrower or a Guarantor, (f) any margin stock, (g) any Equity Interests of any Subsidiary if the granting of a security interest in such Equity Interests is prohibited by applicable Law or regulation or
Contractual Obligations or if the granting of such security interest would require governmental (including regulatory) or third party consent, approval, license or authorization and (h) any Equity Interests if the granting of a security
interest therein would be reasonably likely to result in an adverse tax consequence (other than a de minimis tax consequences) as determined by Borrower in consultation with the Administrative Agent. 

“Excluded Subsidiary”: (a) any Subsidiary that is not a wholly-owned Subsidiary of Borrower or a Guarantor, (b) any
Foreign Subsidiary, (c) any direct or indirect Domestic Subsidiary of a Foreign Subsidiary, (d) any Disregarded Subsidiary, (e) any Subsidiary designated as such by Borrower if the greater of the aggregate fair market value and
aggregate book value for all such Subsidiaries constituting Excluded Subsidiaries pursuant to this clause (e) is less than $5,000,000, (f) any Subsidiary 

  
 17 

 
that is prohibited by applicable Law or regulation from providing a Guaranty or if such Guaranty would require governmental (including regulatory) consent, approval, license or authorization to
grant such Guaranty, (g) any captive insurance company, (h) any non-for-profit Subsidiaries, (i) any special purpose securitization vehicle or similar
entity), (j) any Subsidiary, to the extent a Guaranty is prohibited or restricted by contracts existing on the Closing Date (or if the Subsidiary is acquired after the Closing Date, on the date of such acquisition), (k) any Subsidiary, if such
Guaranty could reasonably be expected to result in adverse tax consequences as reasonably detennined by Borrower or to the extent the Administrative Agent and Borrower determine the cost and/or burden of obtaining such Guaranty outweigh the benefit
to the Lenders and (1) each Unrestricted Subsidiary. 
 “Excluded Swap Obligation” means, with respect to any
Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest pursuant to the Security Documents to secure, such Swap Obligation (or any
Guarantee thereof) is or becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such
Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time the Guarantee of such Guarantor or the grant of such security interest would otherwise have
become effective with respect to such related Swap Obligation but for such Guarantor’s failure to constitute an “eligible contract participant” at such time. 

“Excluded Taxes”: In the case of each Lender, Issuing Lender, the Administrative Agent and any other recipient of any
payment to be made by or on account of any obligation of Borrower under any other Credit Document, (a) Taxes imposed on (or measured by) its net income (however denominated) or overall gross income (in lieu of net income) including branch
profits and franchise (and similar) Taxes imposed on it in lieu of net income by (i) the jurisdiction under the laws of which such Lender, Issuing Lender or Agent is incorporated or organized or (ii) a jurisdiction in which the
Administrative Agent, Lender or Issuing Lender is treated for applicable Tax purposes as residing in, doing business in or having present or former connection with, such jurisdiction (other than any connection arising solely from the Administrative
Agent, Lender or Issuing Lender, as the case may be, 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 this Agreement or any other Credit Document), (b) any U.S. federal withholding Tax to the extent such Tax is imposed under the law in effect on the date the Administrative Agent or Lender becomes a party to this agreement (or
designates a new lending office) except to the extent that such Person, (or its assignor, as applicable) was entitled (immediately prior to such assignment or designation of lending office) to gross-up
payments or indemnification in respect of such Tax under subsection 4.14, (c) any Taxes attributable to such Lender’s or Issuing Lender’s failure to comply with Section 4.14(d)(iv) or with respect to the Administrative Agent, the
Administrative Agent’s failure to comply with Section 4.14(d)(v) and (d) any Taxes imposed by FATCA. 
 “Existing
Credit Agreements”: each of (i) that Credit Agreement, dated as of November 1, 2014, by and between the Target and Wells Fargo Bank, National Association and (ii) that certain Revolving Line of Credit, dated as of
November 10, 2014, by and between the Target and Wells Fargo, National Association. 
 “Existing Tranche”: as defined
in subsection 11.17(a). 
 “Extended Revolving Credit Commitment”: as defined in subsection 11.17(b). 

“Extended Term Loans”: as defined in subsection 11.17(a). 

  
 18 

 “Extended Term Maturity Date”: with respect to any Extended Term Loans
created pursuant to any Loan Modification Offer, the final maturity date specified in the applicable Loan Modification Offer. 

“Extending Term Lender”: as defined in subsection 11.17(a). 

“Extension”: as defined in subsection 11.17(b). 

“Extension Election”: as defined in subsection 11.17(a). 

“Facility”: each of (a) the extensions of credit made hereunder in the form of Tranche B Tenn Loans and any outstanding
Tranche B Tenn Loan Commitments (the “Tranche B Term Loan Facility”), (b) the Revolving Credit Commitments (including the Incremental Revolving Credit Commitments) and the extensions of credit made thereunder (together, the
“Revolving Credit Facility”), and (c) the extensions of credit made under any other separate Tranche of Loans and Commitments hereunder. 

“FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that
is substantially comparable and not materially more onerous to comply with), and any regulations, official interpretations or other guidance issued in connection therewith, including any such regulations, official interpretations or other guidance
issued after the date of this Agreement and any agreements entered into pursuant to Section 1471(b) of the Code and any applicable governmental agreements with respect thereto. 

“Federal Funds Effective Rate”: for any day, a floating rate equal to the weighted average of the rates on overnight Federal
funds transactions among members of the Federal Reserve System, published by the Federal Reserve Bank of New York on the preceding Business Day or, if no such rate is so published, the average rate per annum, as determined by the Administrative
Agent, quoted for overnight federal funds transactions last arranged prior to such day. 
 “Fee Property”: means all land,
together with all buildings, structures, improvements and fixtures located thereon, owned by Borrower or any of its Restricted Subsidiaries. 

“Foreign Subsidiary”: each Subsidiary that is not a Domestic Subsidiary. 

“Fronting Exposure”: at any time there is a Defaulting Lender that is a Revolving Credit Lender, such Defaulting
Lender’s Revolving Credit Commitment Percentage of the outstanding L/C Obligations with respect to Letters of Credit issued by the Issuing Lender 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. 
 “GAAP”: generally
accepted accounting principles in the United States as in effect from time to time. In the event that any Accounting Change (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants,
standards or terms in this Agreement, then, if requested by either Borrower or the Required Lenders, Borrower and Administrative Agent agree to enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect
such Accounting Change with the desired result that the criteria for evaluating Borrower’s financial condition and results of operations of Borrower and its Restricted Subsidiaries shall be the same after such Accounting Change as if such
Accounting Change had not been made. Following a request by either Borrower or the Required Lenders not to give effect to any Accounting Change, until such time as such an amendment shall have been executed and delivered by Borrower, the
Administrative 

  
 19 

 
Agent and the Required Lenders, except for purposes of subsection 5.1 and subsection 7.1, all financial covenants, standards and terms in this Agreement shall continue to be calculated or
construed as if such Accounting Change had not occurred. “Accounting Change” refers to changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting
Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC. 
 “Governmental
Authority”: any nation or government, any state or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Granting Lender”: as defined in subsection 11.6(i). 

“Guarantee and Collateral Agreement”: the guarantee and collateral agreement dated as of the Closing Date, substantially in
the form of Exhibit F, to be entered into by each of the Credit Parties in favor of the Administrative Agent for the ratable benefit of the Secured Parties, as the same may be amended, modified or supplemented from time to time. 

“Guarantees”: the collective reference to the guarantee of the Obligations by each of the Guarantors set forth in the
Guarantee and Collateral Agreement and any guarantee which may from time to time be executed and delivered by a Subsidiary pursuant to subsection 7.8. 

“Guarantors”: each of (a) Holdings, (b) each Subsidiary of Borrower listed on Schedule II and (c) each
Subsidiary of Borrower which pursuant to subsection 7.8 becomes a party to the Guarantee and Collateral Agreement. 
 “Hazardous
Materials”: any pollutants, contaminants, chemicals, materials or wastes, radioactivity or radiation, hazardous pesticides or hazardous or toxic substances that give rise to liability under, or are subject to regulation or standards of
conduct under, any Environmental Law due to their hazardous, toxic or deleterious characteristics, including, without limitation, asbestos, toxic mold, petroleum, any other petroleum products (including gasoline, crude oil or any fraction thereof),
and polychlorinated biphenyls. 
 “Hedge Agreements”: all Interest Rate Agreements, currency swap agreements,
crosscurrency rate swap agreements, currency future or option contracts, commodity price protection agreements or other commodity price hedging agreements, and other similar agreements entered into by Holdings or any Restricted Subsidiary in the
ordinary course of business (and not for speculative purposes) for the principal purpose of protecting Holdings or any of its Restricted Subsidiaries against fluctuations in interest rates, currency exchange rates or commodity prices. 

“Highest Lawful Rate”: as defined in subsection 11.12. 

“Holdings”: as defined in the preamble hereto. 

“In Permanent Reduction of the Revolving Credit Commitments”: with respect to a prepayment of the Revolving Credit Loans,
that the Revolving Credit Commitment of each Lender shall automatically and permanently be reduced by an amount equal to such Lender’s Revolving Credit Commitment Percentage of the aggregate of principal prepaid, effective as of the earlier of
the date that such prepayment is made or the date by which such prepayment is due and payable hereunder. 
 “Increased Amount
Date”: as defined in subsection 2.3(a). 

  
 20 

 “Incremental Facility”: an aggregation of Incremental Revolving Credit
Commitments and Incremental Term Commitments of one or more Lenders that are made available to Borrower and become effective on the same date, pursuant to the same Incremental Loan Amendment and the extensions of credit hereunder in respect of
Incremental Revolving Credit Loans and Incremental Tenn Loans. 
 “Incremental Installment Payment Date”: as defined in
subsection 4.6(c). 
 “Incremental Loan”: any Incremental Revolving Credit Loan and/or Incremental Term Loan advanced by a
Lender. 
 “Incremental Loan Amendment”: as defined in subsection 2.3(a). 

“Incremental Revolving Credit Commitment”: as defined in subsection 2.3(a). 

“Incremental Revolving Credit Loans”: each Loan made by an Incremental Revolving Lender to Borrower. 

“Incremental Revolving Lender”: as defined in subsection 2.3(a). 

“Incremental Term Commitments”: as defined in subsection 2.3(a). 

“Incremental Term Lender”: as defined in subsection 2.3(a). 

“Incremental Term Loan Commitment Percentage”: as to any Incremental Term Lender at any time, the percentage of the
aggregate Incremental Term Commitments that are not in respect of Tranche B Term Loans, then constituted by such Lender’s Incremental Tenn Commitments that are not in respect of Tranche B Tenn Loans (or, after such Incremental Tenn Loans are
made, the percentage of the aggregate outstanding principal amount of the Incremental Term Loans that are not Tranche B Tenn Loans, then constituted by the principal amount of such Incremental Tenn Lender’s Incremental Term Loans that are not
in respect of Tranche B Term Loans). 
 “Incremental Tenn Loans”: as defined in subsection 2.3(c). 

“Incremental Tenn Maturity Date”: for any Incremental Term Loan the date upon which the final scheduled payment of principal
of such Incremental Tenn Loan shall be due and payable pursuant to the applicable Incremental Loan Amendment, which such date shall in no event be earlier than the Tranche B Maturity Date. 

“Incremental Tenn Note”: as defined in subsection 4.16(e). 

“Indebtedness”: of any Person at any date, without duplication, 

(a)    all indebtedness of such Person for borrowed money, 

(b)    all obligations of such Person for the deferred purchase price of property or services (other than
(i) current trade payables and accrued expenses incurred in the ordinary course of such Person’s business and not more than 180 days overdue, (ii) accrued management, consulting or advisory fees and (iii) liabilities associated
with customer prepayments and deposits), 
 (c)    all obligations of such Person evidenced by notes,
bonds, debentures or other similar instruments, 

  
 21 

 (d)    all indebtedness created or arising under any
conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of
such property), 
 (e)    all obligations under Capitalized Leases of such Person and the obligations of
such Person under and in respect of synthetic lease transactions under which such Person is the lessee, 

(f)    the face amount (as reduced in accordance with the terms thereof) of all obligations of such Person,
contingent or otherwise, as an account party or applicant under or in respect of acceptances or letters of credit (whether drawn or undrawn), less amounts in respect of prior drawings that have been reimbursed, 

(g)    the liquidation value of all Capital Stock of such Person (other than Permitted Securities), 

(h)    all Contingent Obligations of such Person in respect of obligations of the kind referred to in
clauses (a) through (g) above, 
 (i)    all obligations of the kind referred to in clauses
(a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not
such Person has assumed or become liable for the payment of such obligation, and 
 (j)    for the
purposes of subsection 8.1 and subsection 9(A)(e) only, all obligations of such Person in respect of Hedge Agreements, it being understood that the amount of any Hedge Agreement for purposes of subsection 9(A)(e) shall be, as of any date of
determination, the net amounts, if any, that would be required to be paid by such Person if such Hedge Agreements were terminated on such date. 

The Indebtedness of any Person (x) shall not include (i) surety, performance, appeal bonds or similar obligations and
(ii) earn-outs and similar contingent payment obligations, non-compete arrangements, indemnification obligations and purchase price adjustments in connection with the Merger or any Permitted Acquisition
or permitted Investment (unless such obligations, arrangements and adjustments are not paid after becoming due and payable), and (y) shall include the Indebtedness of any other entity (including any partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not
liable therefor. The amount of any Indebtedness of any Person, to the extent such Indebtedness is non-recourse Indebtedness, shall be deemed to be equal to the lesser of (x) the aggregate unpaid amount of
such Indebtedness and (y) the fair market value of the property encumbered thereby as determined by such Person in good faith. Intercompany Indebtedness and Obligations in respect of Cash Management Services shall only constitute
“Indebtedness” for purposes of subsection 8.1. 
 “Indemnitee”: as defined in subsection 11.5(b). 

“Index Rate”: for any day, a floating rate equal to the greater of (x) the higher of (i) the per annum rate
publicly quoted from time to time by The Wall Street Journal as the “Prime Rate” in the United States (or, if The Wall Street Journal ceases quoting a prime rate of the type described, either (a) the per annum rate quoted as the base rate
on such corporate loans in a different national publication as reasonably selected by Administrative Agent or (b) the highest per annum rate of interest published by 

  
 22 

 
the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled “Selected Interest Rates” as the bank prime loan rate or its equivalent), and (ii) the Federal
Funds Rate plus fifty (50) basis points per annum, and (y) the sum of LIBOR calculated based on a LIBOR Period of one (1) month determined two (2) business days prior to the first day of the then current month (not to be less
than 1.00% per annum) plus 1.00% per annum. Each change in any interest rate based upon the Index Rate shall take effect at the time of such change in the Index Rate. 

“Index Rate Loans”: Loans bearing interest based upon the Index Rate. 

“Insolvency Proceeding”: (a) any case, action or proceeding before any court or other Governmental Authority relating to
bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshaling of
assets for creditors, or other, similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case in (a) and (b) above, undertaken under U.S. Federal, state or foreign law, including the
Bankruptcy Code. 
 “Installment Payment Date”: each Tranche B Installment Payment Date and each Incremental Installment
Payment Date. 
 “Intellectual Property”: the collective reference to all rights, priorities and privileges in and to
intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, patents, trademarks, trade secrets, goodwill, proprietary information, designs, inventions and know-how, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Interest Rate Agreement”: any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement,
interest rate future or option contract or other similar agreement or arrangement. 
 “Investment”: for any Person:
(a) the acquisition (whether for cash, property, services or securities or otherwise) of equity interests, bonds, notes, debentures or other securities of any other Person or of all or substantially all of the assets, of any acquisition of a
business or a product line, of other companies; (b) the making of any deposit with, or advance, loan or other extension of credit to, any other Person (including the purchase of property from another Person subject to an understanding or
agreement, contingent or otherwise, to resell such property to such Person); (c) any capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others) any
other Person; and (d) the entering into, or direct or indirect incurrence, of any Contingent Obligation with respect to Indebtedness or other liability of any other Person; provided, however, that Investments shall not include
(x) accounts receivable or other indebtedness owed by customers and other Persons that make payments in respect of customers of such Person (other than any Credit Party) which arose in the ordinary course of such Person’s business or
(y) prepaid expenses of such Person incurred and prepaid in the ordinary course of business. The amount of any Investment outstanding as of any time shall be the original cost of such Investment (which, in the case of any Investment
constituting the contribution of an asset or property, shall be based on Borrower’s good faith estimate of the fair market value of such asset or property at the time such Investment is made), plus the cost of all additions thereto,
without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment, less, except to the extent such Returns have been applied to
increase the Available Amount pursuant to clause (d) of the definition thereof, all Returns in respect thereof. 

“Investors”: as defined in the recitals hereto. 

  
 23 

 “Issuing Lender”: (a) Ares Capital, acting through any of its Affiliates
or branches, or one or more other Lenders reasonably satisfactory to Borrower, each in its capacity as issuer of the Letters of Credit and (b) after the appointment of an Additional Issuing Lender pursuant to subsection 3.14, unless the context
otherwise requires, such Additional Issuing Lender. 
 “Junior Indebtedness”: collectively, (a) Subordinated
Indebtedness, (b) any Indebtedness that is secured by a Lien junior to the Liens securing the Obligations and (c) any unsecured Indebtedness. 

“L/C Application”: as defined in subsection 3.4(a). 

“L/C Fees”: the Letter of Credit fees contemplated by subsection 3.8(a)(i). 

“L/C Obligations”: the obligations of Borrower to reimburse the Issuing Lender for any payments made by the Issuing Lender
under any Letter of Credit that have not been reimbursed by Borrower pursuant to subsection 3.7(a). 
 “L/C Participating
Interest”: an undivided participating interest in the face amount of each issued and outstanding Letter of Credit and the L/C Application relating thereto. 

“Law”: any statute, law, regulation, ordinance, rule, treaty, judgment, order, decree, pennit, concession, franchise,
license, agreement or other governmental restriction of the United States or Canada or any state, province or political subdivision thereof or of any foreign country or any department, province or other political subdivision thereof. 

“Leased Property”: as defined in subsection 5.13. 

“Lenders”: as defined in the preamble hereto. 

“Letter of Credit”: an irrevocable standby letter of credit or documentary letter of credit issued hereunder under which the
Issuing Lender agrees to make payments in Dollars for the account of Borrower, on behalf of Borrower or any Guarantor in respect of obligations of Borrower or any Subsidiary. 

“Liabilities”: all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities, fines,
penalties, sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of financial, legal and
other advisors and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise. 

“LIBOR Lending Office”: as to any Lender, the office of such Lender which shall be making or maintaining the LIBOR Loans.

 “LIBOR Loans”: Loans bearing interest based upon LIBOR. 

“LIBOR Period”: with respect to any LIBOR Loan, initially, the period commencing on, as the case may be, the
Borrowing Date or conversion date with respect to such LIBOR Loan and in each case ending one, two, three or six months (or, to the extent available to all Lenders of such LIBOR Loan, twelve months) thereafter as selected by Borrower in its notice
of borrowing as provided in subsection 4.1 or its notice of conversion as provided in subsection 4.2; provided that the foregoing provisions relating to LIBOR Periods are subject to the following: 

(a)    if any LIBOR Period would otherwise end on a day which is not a Business Day, that LIBOR Period
shall be extended to the next succeeding Business Day, unless the result of such extension would be to carry such LIBOR Period into another calendar month, in which event such LIBOR Period shall end on the immediately preceding Business Day; 

  
 24 

 (b)    any LIBOR Period that would otherwise extend
beyond (i) in the case of an LIBOR Period for a Tenn Loan, the Maturity Date for such Term Loan shall end on such Maturity Date or, if such Maturity Date shall not be a Business Day, on the immediately preceding Business Day, and (ii) in
the case of any LIBOR Period for a Revolving Credit Loan, the Revolving Credit Termination Date shall end on the Revolving Credit Termination Date, or if the Revolving Credit Tennination Date shall not be a Business Day, on the immediately preceding
Business Day; or 
 (c)    any LIBOR Period that begins on the last 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 LIBOR Period) shall end on the last Business Day of a calendar month. 

“LIBOR Rate”: the greater of (a) 1.00% per annum, and (b) the rate per annum appearing on Bloomberg L.P.’s service
(the “Service”) (or on any successor to or substitute for such Service) for ICE LIBOR USD interest rates two (2) Business Days prior to the commencement of the requested LIBOR Period, for a term and in an amount comparable to
the LIBOR Period and the amount of the LIBOR Loan requested (whether as an initial LEBOR Loan or as a continuation of a LIBOR Loan or as a conversion of an Index Rate Loan to a LIBOR Loan) by Borrower in accordance with this Agreement, which
determination shall be conclusive in the absence of manifest error. If the Service shall no longer report ICE LIBOR USD interest rates, or such interest rates cease to exist, the Administrative Agent shall be permitted to select an alternate service
that quotes, or alternate interest rates that reasonably approximate, the rates of interest per annum at which deposits of Dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to Agent in the
London interbank market (and relating to the relevant LIBOR Period for the applicable principal amount on any applicable date of determination). 

“Lien”: any mortgage, deed of trust, pledge, hypothecation, collateral assignment, encumbrance, lien (statutory or other),
charge or preference, priority or other security agreement or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement, any
financing lease having substantially the same economic effect as any of the foregoing), but not including the interest of a lessor under a lease which is a Capitalized Lease. 

“Loan Modification Offer”: as defined in subsection 11.17(a). 

“Loans”: the Tranche B Term Loans, the Incremental Term Loans, the Revolving Credit Loans and the Incremental Revolving
Credit Loans; individually, a “Loan”. 
 “Material Adverse Effect”: a material adverse effect on
(i) the business, assets, results of operations, financial condition or liabilities (contingent or otherwise) of Borrower and its Restricted Subsidiaries, taken as a whole, (ii) the ability of Borrower or any of its Restricted Subsidiaries
to perform its respective payment obligations under any Credit Document or (iii) the material rights and remedies of the Administrative Agent, Issuing Lender or Lenders under any Credit Document. 

“Material Intellectual Property”: Intellectual Property of the Credit Parties that, if disposed, would reasonably be
expected to result in a Material Adverse Effect. 

  
 25 

 “Material Subsidiary”: any Subsidiary that would be a “significant
subsidiary” of Borrower within the meaning of Rule l-02(w) of Regulation S-X under the Securities Act of 1933 (replacing references to 10 percent therein with
5 percent), or any group of Subsidiaries that together would constitute a Material Subsidiary. 
 “Maturity Date”: the
Tranche B Maturity Date, the Incremental Term Maturity Date, the Extended Term Maturity Date or clause (a) of the definition of “Revolving Credit Termination Date”, as the case may be. 

“Merger”: as defined in the recitals. 

“Merger Agreement”: as defined in the recitals and as in effect on the Closing Date. 

“Merger Sub”: as defined in the preamble hereto. 

“Minimum Collateral Amount”: at any time, with respect to Cash Collateral consisting of cash or deposit account balances, an
amount equal to 103% of the Fronting Exposure of the Issuing Lender with respect to Letters of Credit issued and outstanding at such time. 

“MNPI”: as defined in subsection 10.7(b). 

“Moody’s”: Moody’s Investors Service, Inc., or any successor thereto. 

“Mortgaged Properties”: any Real Property covered by a Mortgage delivered pursuant to subsection 7.8(d). 

“Mortgages”: each of the mortgages and deeds of trust in respect of real property made by any Credit Party in favor of, or
for the benefit of, the Administrative Agent for its benefit and for the benefit of the other Secured Parties, in form and substance reasonably acceptable to the Administrative Agent, as the same may be amended, supplemented or otherwise modified
from time to time. 
 “Multiemplover Plan”: a multiemployer plan within the meaning of Section 4001(a)(3) of ERISA
(i) to which any ERISA Entity is making or accruing an obligation to make contributions or (ii) with respect to which any Credit Party has or may have any Liability (including on account of being considered a single employer with any ERISA
Entity). 
 “Net Proceeds”: the aggregate cash proceeds received by Borrower or any of its Restricted Subsidiaries in
respect of: 
 (a)    the incurrence of any Indebtedness (including debt securities convertible into, or
exchangeable or exercisable for, Capital Stock) or loans by Borrower or any of its Restricted Subsidiaries; 

(b)    any Asset Sale; provided that the proceeds of any Asset Sale shall constitute Net Proceeds
only to the extent such proceeds are not reinvested or subject to a legally binding commitment to reinvest in Permitted Acquisitions or properties or assets owned (or to be owned) by Borrower or a Subsidiary used or useful in the business of
Borrower and its Restricted Subsidiaries within 365 days from the date of receipt thereof (or, if commitments to reinvest are entered into within 365 days, within 90 days following such 365 day period); provided, further, that
(i) Borrower shall have given written notice to the Administrative Agent of its intention to reinvest or cause to be reinvested all or a portion of such Net Proceeds (which election may only 

  
 26 

 
be made if no Event of Default has occurred and is then continuing) and (ii) if the property so sold constituted Collateral under the Security Documents then any property purchased with the
net proceeds thereof shall be mortgaged or pledged, as the case may be, to the Administrative Agent, for its benefit and for the benefit of die other Secured Parties in accordance with subsection 7.8; 

(c)    any insurance recoveries in respect of any Destruction or any proceeds or awards on account of any
Taking; provided that so long as no Event of Default pursuant to subsections 9(A)(a), (c) (solely with respect to subsection 8.9) or (f) shall have occurred and be continuing at the time of such Destruction or Taking, the proceeds of any
such insurance recoveries in respect of any Destruction or proceeds or award of any such Taking shall constitute Net Proceeds only to the extent they are not reinvested or subject to a legally binding commitment to reinvest in properties or assets
owned (or to be owned) by Borrower or a Subsidiary used or useful in the business of Borrower and its Restricted Subsidiaries within 365 days from the date of receipt thereof (or, if commitments to reinvest are entered into within 365 days, within
90 days following such 365 day period); provided, further, that (i) Borrower shall have given written notice to the Administrative Agent of its intention to reinvest or cause to be reinvested all or a portion of such Net Proceeds (which
election may only be made if no Event of Default referred to above has occurred and is then continuing) and (ii) if the property subject to such Destruction or Taking constituted Collateral under the Security Documents then any property
purchased with the net proceeds thereof shall be mortgaged or pledged, as the case may be, to the Administrative Agent, for its benefit and for the benefit of the other Secured Parties in accordance with subsection 7.8; 

(d)    any cash received in respect of substantially like-kind exchanges of property to the extent provided
in the proviso to subsection 8.5(e); 
 (e)    any cash payments received in respect of promissory notes
delivered to Borrower or any of its Restricted Subsidiaries in respect of an Asset Sale; and 

(f)    any Cure Amount; 

in each case, net of (without duplication) (w) to the extent such Indebtedness and such Lien are permitted hereunder, the amount required to repay any
Indebtedness (including premium or penalty (if any) and interest on Indebtedness) (other than the Loans) secured by a Lien on any assets of Borrower or any of its Restricted Subsidiaries (that are collateral for any such Indebtedness) that are sold
or otherwise disposed of in connection with such Asset Sale or subject to the applicable Destruction or Taking, (x) the reasonable fees and expenses (including legal fees and brokers’ and underwriters’ commissions, lenders’ fees
and credit enhancement fees) incurred in effecting the applicable event or events described in clauses (a) through (e) above, (y) any Taxes (including any withholding or distributions in respect of Taxes and any Tax Distributions in
connection therewith) reasonably attributable to the applicable event or events described in clauses (a) through (e) above (including, where proceeds are realized by a Subsidiary of Borrower, any incremental Taxes actually incurred as a result
of distributing (or a deemed distribution of) the relevant proceeds from any Subsidiary to Borrower) and reasonably estimated by Borrower or its Restricted Subsidiaries to be actually payable (provided that, if the amount of any estimated
Taxes pursuant to clause (y) exceeds the amount of Taxes actually required to be paid in cash in respect of the applicable event or events described in clause (a) through (e) above, the aggregate amount of such excess shall constitute Net
Proceeds) and (z) amounts provided as a reserve, in accordance with GAAP, against any liabilities under any indemnification obligations or purchase price adjustment or other contingent liabilities associated with such Asset Sale
(provided that, to the extent and at the time any such amounts are released from such reserve or such reserve is reduced, such amounts shall constitute Net Proceeds). 

  
 27 

 “Non-Consenting Lender”: as
defined in subsection 11.1. 
 “Non-Credit Party”: each Restricted Subsidiary of
Borrower that is not a Guarantor. 
 “Non-Defaulting Lender”: at any time, each
Lender that is not a Defaulting Lender at such time. 
 “Notes”: the Revolving Credit Notes and the Term Notes; each of
the Notes, a “Note”. 
 “Obligations”: as defined in the Guarantee and Collateral Agreement. 

“OFAC”: as defined in subsection 5.25. 

“Officer’s Certificate”: a certificate of the entity in question executed on its behalf by a Responsible Officer of
such entity. 
 “Other Taxes”: any present or future stamp or documentary Taxes and any other excise Taxes, sales Taxes or
property Taxes, charges or similar levies which arise from any payment made hereunder or under any Note or from the execution, delivery, enforcement or registration of, or otherwise with respect to, this Agreement or any Note, Guarantee or
Collateral, excluding, in each case, such amounts that result from the Administrative Agent, Lender or Issuing Lender’s grant of a Participation, transfer or assignment to or designation of a new applicable lending office or other office for
receiving payments under this Agreement or any other Credit Document. For the avoidance of doubt, Other Taxes shall not include any Excluded Taxes. 

“Parent”: Carbon Analytics Holdings LLC, a Delaware limited liability company. 

“Participant Register”: as defined in subsection 11.6(b). 

“Participants”: as defined in subsection 11.6(b). 

“Participating Lender”: any Revolving Credit Lender (other than the Issuing Lender) with respect to its L/C Participating
Interest in each Letter of Credit. 
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA or any successor thereto. 
 “Pension Plan”: an employee pension benefit plan (other than a
Multiemployer Plan) that is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 or 430 of the Code or Section 302 or 303 of ERISA and is maintained or contributed to by any Credit Party or with
respect to which Borrower or any of its Restricted Subsidiaries has or may have any Liability by application of Section 4069 of ERISA or on account of being considered a single employer with any ERISA Entity. 

“Perfection Certificate”: the perfection certificate delivered pursuant to subsection 6.1(a)(iv). 

“Permitted Acquisition”: as defined in subsection 8.6(m). 

“Permitted Acquisition Agreement”: any agreement of merger, purchase or acquisition relating to a Permitted Acquisition.

  
 28 

 “Permitted Acquisition Company Representations”: with respect to the
representations and warranties contained in any Permitted Acquisition Agreement with respect to a Permitted Acquisition subject to customary “funds certain provisions”, such representations and warranties regarding the target of such
Permitted Acquisition in the Permitted Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that Borrower or any of its Restricted Subsidiaries or any of their respective Affiliates has the right to terminate
its or its affiliates’ obligations under the Permitted Acquisition Agreement (or the right not to consummate the acquisition pursuant to the Permitted Acquisition Agreement) or to not close thereunder as a result of a breach of such
representations and warranties in such Permitted Acquisition Agreement. 
 “Permitted Encumbrances”: with respect to any
Mortgaged Property, such exceptions to title as are set forth in the title insurance policy delivered with respect thereto. 

“Permitted Holders”: (a) the Sponsor and its Controlled Investment Affiliates, (b) the officers, directors, and other
members of senior management of Holdings or any of its Restricted Subsidiaries, who at any date Beneficially Own or have the right to acquire, directly or indirectly, Capital Stock of Borrower and (c) any group of investors including the
Sponsor, the other Investors, and other Persons who become equity investors (directly or indirectly) in Borrower, and their respective Controlled Investment Affiliates that is deemed to be a “person” (as that term is used in
Section 13(d)(3) of the Exchange Act) solely to the extent that the Sponsor and its Controlled Investment Affiliates Beneficially Own at least a majority of the voting power of the Capital Stock of Borrower that is Beneficially Owned by such
group. 
 “Permitted Liens”: Liens permitted to exist under subsection 8.2. 

“Permitted Repricing Amendment”: as defined in subsection 11.1. 

“Permitted Securities”: any equity securities of Borrower, Holdings or any direct or indirect parent thereof having no
mandatory redemption, repurchase or similar requirements prior to 91 days after the latest maturity date for any of the Loans (other than upon a change of control, asset sale or similar event or IPO, if such payment is subject to repayment of the
Obligations (other than unasserted expense reimbursement and contingent indemnity obligations) in full), and upon which all dividends or distributions (if any) shall be payable solely (a) in additional shares of such equity security or
(b) on or after the 91 st day after the latest maturity date for any of the Loans; provided that if such equity securities are issued pursuant to a plan for the benefit of employees of Borrower and its Restricted Subsidiaries, Holdings
or any direct or indirect parent company thereof, or by any such plan to such employees, such equity securities shall not fail to qualify as “Permitted Securities” solely because such equity securities may be required to be repurchased by
Borrower or its Restricted Subsidiaries, Holdings (or any direct or indirect parent thereof) in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s tennination, death or disability. 

“Person”: an individual, partnership, corporation, business trust, joint stock company, limited liability company,
trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
 “Portfolio Interest
Certificate”: a certificate substantially in the form of Exhibit H. 
 “Pro Fonna Basis”: for purposes of
calculating the financial covenant set forth in subsection 8.9 or any other financial ratio or test, such calculation shall be made in accordance with subsection 1.3 hereof. 

  
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 “Pro Forma Financial Statements”: as defined in subsection 5.1. 

“Profit Payment Agreement”: any agreement to make any payment the amount of which is, or the terms of payment of which are,
in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business. 

“Property”: 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 Capital Stock or other ownership interests of any Person. 
 “Purchase Money
Indebtedness”: Indebtedness (excluding Capitalized Leases), incurred for the purpose of financing all or any part of the purchase price of property, plant or equipment used in the business of Borrower and its Restricted Subsidiaries or the
cost of installation, construction or improvement thereof; provided that (1) the amount of such Indebtedness shall not exceed such purchase price or cost and (2) such Indebtedness shall be incurred within 90 days after such
acquisition of such asset by Borrower or any of its Restricted Subsidiaries or such installation, construction or improvement. 

“Qualified Equity Interests” means any Equity Interests other than Disqualified Equity Interests. 

“Qualified Public Offering”: any public offering of the common (or other voting) Capital Stock of Holdings (or other Person
which then owns, directly or indirectly, 100% of the outstanding Capital Stock of Holdings) pursuant to an effective registration statement (other than a registration statement on Form S-4, S-8 or any successor or similar form) filed under the Securities Act of 1933, as amended. 

“Real Property”: each Fee Property and Leased Property listed on Schedule 5.13, all right, title and interest
(including, without limitation, any leasehold estate) in and to a parcel of real property owned, held or operated by any Credit Party, whether by lease, license or other use or occupancy agreement, together with, in each case, all improvements and
appurtenant fixtures, equipment, personal property, easements and other property and rights incidental to the ownership, lease or operation thereof or thereon. 

“Refinance”: to refinance, repay, prepay, replace, renew, extend, restructure or refund. 

“Refinancing Indebtedness”: Indebtedness incurred to Refinance other Indebtedness (the “Refinanced
Indebtedness”); provided 
 (a)    the principal amount (or accreted value, in the case
of Indebtedness issued at a discount) of the Refinancing Indebtedness does not exceed the principal amount (or accreted value, as the case may be) of the Refinanced Indebtedness plus the amount of accrued and unpaid interest on the Refinanced
Indebtedness, any premium paid to the holders of the Refinanced Indebtedness, other reasonable amounts paid and reasonable fees and expenses incurred in connection with the incurrence of the Refinancing Indebtedness; 

(b)    if the Refinancing Indebtedness is to be the obligation of any Credit Party, the Refinanced
Indebtedness shall also have been the obligation of such Credit Party and no Restricted Subsidiary which was not an obligor in respect of the Refinanced Indebtedness shall be an obligor in respect of the Refinancing Indebtedness; 

  
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 (c)    if the Refinanced Indebtedness was contractually
subordinated in right of payment to the Loans, then such Refinancing Indebtedness, by its terms, is subordinate in right of payment to the Loans, at least to the same extent (taken as a whole) as the Refinanced Indebtedness or otherwise reasonably
acceptable to the Administrative Agent; 
 (d)    other than with respect to the Refinancing Indebtedness
in respect of subsection 8.1(g), the Refinancing Indebtedness shall have a maturity that is not earlier than the earlier of (i) the maturity of the Indebtedness being Refinanced and (ii) 91 days after the latest Maturity Date hereunder; 

(e)    other than with respect to the Refinancing Indebtedness in respect of subsection 8.1(g), the
Refinancing Indebtedness shall have a longer or equal Weighted Average Life to Maturity than the Indebtedness being Refinanced (except by virtue of amortization or prepayment of the Refinanced Indebtedness prior to the time of such incurrence); and

 (f)    the Refinancing Indebtedness is secured only to the extent, if at all, and by the assets, that
the Refinanced Indebtedness being repaid or amended is secured (or would be required to be secured (other than any replacements of such property or assets and additions and accessions thereto, after-acquired property subject to the Lien securing
such Refinanced Indebtedness, which Indebtedness is permitted hereunder and which requires, pursuant to its terms at such time, a pledge of after-acquired property, and the proceeds and the products thereof and customary security deposits in respect
thereof and in the case of multiple financings of equipment provided by any lender, other equipment financed by such lender)). 

“Register”: as defined in subsection 11.6(d). 

“Regulation U”: Regulation U (12 C.F.R. Part 221) of the Board, as the same may be modified and supplemented and in effect
from time to time. 
 “Regulation X”: Regulation X (12 C.F.R. Part 224) of the Board, as the same may be modified and
supplemented and in effect from time to time. 
 “Reorganization”: with respect to any Multiemployer Plan, the condition
that such Multiemployer Plan is in reorganization as such term is used in Section 4241 of ERISA. 
 “Required
Lenders”: at a particular time, the holders of more than 50% of the sum of (i) the Term Loans then outstanding, (ii) any outstanding Tenn Loan Commitment and (iii) the Revolving Credit Commitments (including any Incremental
Revolving Credit Commitments) or, if the Revolving Credit Commitments have been terminated in full, the Revolving Credit Exposure. The Tenn Loans and/or the Revolving Credit Commitments of any Defaulting Lender shall be disregarded in determining
Required Lenders at any time; provided that if there are two or more Lenders, then Required Lenders shall include at least two Lenders (Lenders that are Affiliates or Approved Funds of one another being considered as one Lender for
purposes of this proviso). 
 “Requirement of Law”: as to any Person, any Law, rule or regulation, order or determination
of an arbitrator or a court or other Governmental Authority, in each case, applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Responsible Officer”: with respect to any Person, the president, chief executive officer, the chief operating officer, the
chief financial officer, treasurer, controller or any vice president with responsibility for the administration of the obligations of such Person under this Agreement of such Person. 

  
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 “Restricted Payments”: dividends (in cash or property) on, or other
payments or distributions on account of, or the setting apart of money for a sinking or other analogous fond for, or the purchase, redemption, retirement or other acquisition of, any Capital Stock of Borrower or any of its Restricted Subsidiaries,
but excluding dividends paid solely through the issuance of additional shares of Permitted Securities and any redemption or exchange of any Capital Stock of such Person solely through the issuance of Permitted Securities of such Person, other than
the payment of compensation in the ordinary course of business to holders of any such Capital Stock who are employees of Borrower or any Subsidiary. 

“Restricted Subsidiary” shall mean any Subsidiary of a Person other than an Unrestricted Subsidiary. Unless otherwise
specified, all references herein to a “Restricted Subsidiary” or to “Restricted Subsidiaries” shall refer to a Restricted Subsidiary or Restricted Subsidiaries of Borrower. 

“Return” means, with respect to any Investment, any dividend, distribution, interest, fee, premium, return of capital,
repayment of principal, income, profit (from a disposition or otherwise) and any other amount received or realized in respect thereof. 

“Revolving Credit Commitment”: as to any Lender, its obligations to (i) make Revolving Credit Loans (including pursuant
to any Incremental Revolving Credit Commitment) to Borrower pursuant to subsection 2.3 or 3.1, as applicable, and (ii) purchase its L/C Participating Interest in any Letter of Credit, in an aggregate amount not to exceed the amount set forth
under such Lender’s name in Schedule I opposite the caption “Revolving Credit Commitment” or in the Assignment and Assumption by which such Lender acquired its Revolving Credit Commitment, as the same may be reduced from time
to time pursuant to subsection 4.3 or 4.5 or adjusted pursuant to subsection 11.6(c) or extended as Extended Revolving Credit Commitments pursuant to subsection 11.17; collectively, as to all the Lenders, the “Revolving Credit
Commitments”. The original aggregate principal amount of the Revolving Credit Commitments is $20,000,000. 
 “Revolving
Credit Commitment Percentage”: as to any Lender at any time, the percentage of the aggregate Revolving Credit Commitments (including any Incremental Revolving Credit Commitments) then constituted by such Lender’s Revolving Credit
Commitment. Upon termination of the Revolving Credit Commitments, the Revolving Credit Commitment Percentage shall mean, as to any Lender, the percentage of the aggregate Revolving Credit then held by such Lender. 

“Revolving Credit Commitment Period”: the period from and including the Closing Date to but not including the Revolving
Credit Termination Date. 
 “Revolving Credit Exposure”: the sum of (a) the aggregate unpaid principal amount of the
Revolving Credit Loans, (b) the aggregate amount available to be drawn at such time under all outstanding Letters of Credit and (c) L/C Obligations. 

“Revolving Credit Facility”: as defined in the definition of “Facility”. 

“Revolving Credit Lender”: any Lender with a Revolving Credit Commitment (including any Incremental Revolving Credit
Commitment) or an outstanding Revolving Credit Loan. 
 “Revolving Credit Loans”: as defined in subsection 3.1(a), but
including any Loans made in respect of any Incremental Revolving Credit Commitment. 

  
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 “Revolving Credit Note”: as defined in subsection 4.16(e). 

“Revolving Credit Termination Date”: the earlier of (a) the sixth anniversary of the Closing Date or, if such date is
not a Business Day, the immediately preceding Business Day and (b) such other earlier date as the Revolving Credit Commitments and any Incremental Revolving Credit Commitments shall terminate in lull hereunder. With respect to Extended
Revolving Credit Commitments, Revolving Credit Loans extended pursuant thereto, and Letters of Credit issued thereunder, clause (a) above shall be deemed replaced with the date specified in the applicable Revolving Extension Notice for any such
Extended Revolving Credit Commitments. 
 “Revolving Extension Notice”: as defined in subsection 11.17(b). 

“S&P”: Standard and Poor’s, a division of The McGraw-Hill Companies, Inc. 

“SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. 

“Secured Cash Management Agreement”: any Cash Management Agreement between Borrower and a Secured Cash Management Provider
or the counterparty thereto, which Borrower has designated as a “Secured Cash Management Agreement” and the Administrative Agent has acknowledged in writing constitutes a “Secured Cash Management Agreement” hereunder. 

“Secured Cash Management Provider”: a Lender or an Affiliate of a Lender (or a person who was a Lender or an Affiliate of a
Lender at the time of execution and delivery of a Cash Management Agreement). 
 “Secured Parties”: as defined in the
Guarantee and Collateral Agreement. 
 “Secured Swap Agreement”: any Hedge Agreement between Borrower and a Secured Swap
Provider or the counterparty thereto, which Borrower has designated as a “Secured Swap Agreement”, and the Administrative Agent has acknowledged in writing constitutes a “Secured Swap Agreement” hereunder. 

“Secured Swap Provider”: (a) a Lender or an Affiliate of a Lender (or a person who was a Lender or an Affiliate of a Lender
at the time of execution and delivery of a Hedge Agreement) who has entered into a Secured Swap Agreement with Borrower, (b) a person with whom Borrower has entered into a Secured Swap Agreement provided or arranged by Ares Capital or an
Affiliate of Ares Capital, and any assignee thereof or (c) any other counterparty having combined capital and surplus of not less than $500,000,000. 

“Security Documents”: the Guarantee and Collateral Agreement, the Mortgages (if any), all UCC or other financing statements
and other instruments of perfection required by this Agreement, the Guarantee and Collateral Agreement or the Mortgages to be executed, delivered and/or filed or recorded, and any other documents utilized to pledge to the Administrative Agent, for
its benefit and for the benefit of the other Secured Parties, any other property or assets constituting Collateral for the Obligations. 

“Solvent” and “Solvency”: when used with respect to any Person, as of any date of determination,
(a) the amount of the fair value of the assets of such Person, on a consolidated basis, will, as of such date at fair valuation (determined on a going concern basis), exceed the amount of all debts and liabilities of such Person, on a
consolidated basis, subordinated, contingent or otherwise, as of such date, (b) the present fair saleable value of the property of such Person, on a consolidated basis, will, as of such 

  
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date, be greater than the amount that will be required to pay the probable liability, on a consolidated basis, of such Person on its debts and liabilities, subordinated, contingent or otherwise,
as such debts and other liabilities become absolute and matured, (c) such Person, on a consolidated basis, will not have, as of such date, an unreasonably small amount of capital with which to conduct its business in which such Person is
engaged as such business is presently conducted or proposed to be conducted following such date, and (d)    such Person, on a consolidated basis, will be able to pay its debts and liabilities as they become absolute and matured.
For purposes of this definition, 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. 

“Special Escrow Account” has the meaning set forth in the Merger Agreement. 

“Special Escrow Agreement” has the meaning set forth in the Merger Agreement. 

“Specified Litigation Liabilities”: has the meaning set forth in the Merger Agreement. 

“Specified Representations”: the representations and warranties set forth in subsections 5.3(a), 5.4(a), 5.5, 5.6(b), 5.8,
5.9, 5.15(a) and (b), 5.20, 5.24(b) and 5.25, provided that, with respect to subsections 5.15(a) and (b), only with respect to (i) the execution and delivery of customary United States security agreements with respect to personal property
collateral, (ii) the pledge and perfection of Collateral with respect to which a lien may be perfected solely by the filing of financing statements under the UCC and (iii) the pledge and perfection of security interest in the capital stock
of Borrower and Subsidiary Guarantors with respect to which a lien may be perfected upon the Closing Date by the delivery of a stock certificate. 

“Specified Transaction”: any (a) Asset Sale of all or substantially all the assets of or all the Capital Stock of any
Restricted Subsidiary or of any business unit, line of business or division of Borrower or any of its Restricted Subsidiaries, (b) Permitted Acquisition or Investment that results in a Person becoming (directly or indirectly) a Restricted
Subsidiary of Borrower or constituting an acquisition of assets constituting a business line, unit or division of Borrower or any of its Restricted Subsidiaries, (c) designation of any Restricted Subsidiary as an Unrestricted Subsidiary, or of
any Unrestricted Subsidiary as a Restricted Subsidiary, in each case in accordance with subsection 7.15 or (d) the proposed incurrence of Indebtedness or making of a Restricted Payment in respect of which compliance with the financial covenant
set forth in subsection 8.9 is by the terms of this Agreement required to be calculated on a Pro Forma Basis. 

“Sponsor”: WCAS Management Corporation and any of its Affiliates and funds or partnerships managed or advised by any of them
or any of their respective Affiliates. 
 “SPV”: as defined in subsection 11.6(i). 

“Subordinated Indebtedness”: any Indebtedness of Borrower or its Restricted Subsidiaries incurred from time to time and
contractually subordinated in right of payment to the Obligations. 
 “Subsection 7 Financials”: the financial statements
delivered, or required to be delivered, pursuant to subsection 7.1(a) or (b), together with the accompanying Officer’s Certificate delivered, or required to be delivered, pursuant to subsection 7.2(a). 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of which shares of
stock of each class or other interests having ordinary voting power (other 

  
 34 

 
than stock or other interests having such power only by reason of the happening of a contingency) to elect a majority of the Board of Directors of such corporation, partnership or other entity
are at the time owned. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of Borrower; provided that any joint venture or non-wholly owned Person in which an investment is made pursuant to subsection 8.6(i) shall at the option of Borrower, so long as such investment is maintained in reliance on such subsection, not be a
“Subsidiary” of Borrower for any purpose of this Agreement. 
 “Subsidiary Guarantor”: any Guarantor other than
Holdings. 
 “Supermajority Lenders”: at a particular time, the holders of more than 75% of the sum of (i) the Term
Loans then outstanding, (ii) any outstanding Term Loan Commitment and (iii) the Revolving Credit Commitments (including any Incremental Revolving Credit Commitments) or, if the Revolving Credit Commitments have been terminated in full, the
Revolving Credit Exposure. The Tenn Loans and/or the Revolving Credit Commitments of any Defaulting Lender shall be disregarded in determining Supermajority Lenders at any time. 

“Survey”: a survey of any Mortgaged Property (and all improvements thereon): (i) prepared by a surveyor or engineer licensed
to perform surveys in the state, province or country where such Mortgaged Property is located, (ii) dated as of a recent date reasonably acceptable to the Administrative Agent (and sufficient to delete the standard survey exception to the Title
Policy for the Mortgage Property), (iii) certified by the surveyor (in a manner reasonably acceptable to the Administrative Agent) to the Administrative Agent and the Title Company reasonably acceptable to the Administrative Agent, (iv) in
form, scope and substance reasonably satisfactory to the Administrative Agent and (v) 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; provided, however, that such survey is in a form sufficient for the Title Company to remove all standard survey exceptions from the title insurance policy (or commitment) and issue survey, access and
comprehensive endorsements with respect to such Mortgaged Property. 
 “Swap Obligation” means, with respect to any
Person, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section I a(47) of the Commodity Exchange Act. 

“Taking”: any taking of any assets of Borrower or any of its Restricted Subsidiaries or any portion thereof, in or by
condemnation or other eminent domain proceedings pursuant to any Law, general or special, or by reason of the temporary requisition of the use of such assets or any portion thereof, by any Governmental Authority, civil or military. 

“Target”: as defined in the preamble hereto. 

“Tax Distributions” means for any period, distributions made by Borrower to Holdings or by Holdings to its direct or
indirect equityholders for payment of U.S. federal, state and local income taxes imposed on such equityholders for such period that are attributable to the activities of Borrower (and each of its Subsidiaries that is treated as a pass-through entity
for U.S. federal and applicable state and local income tax purposes) for such period, (i) calculated by multiplying income or gain allocated by Borrower or Holdings (directly or indirectly), as applicable, by an assumed tax rate equal to the
highest marginal statutory rate then in effect applicable to an individual or corporation (whichever is higher) resident in New York, New York, (ii) taking into account the deductibility of state and local taxes for federal income tax purposes,
the character of such Person’s income or gain (i.e., as ordinary income, qualified dividends or capital gain), and any basis adjustments described in Section 743(b) or Section 734(a) 

  
 35 

 
of the Code, and (iii) taking into account, to the extent not previously applied, any prior losses allocated by Borrower or Holdings (directly or indirectly) to such equityholder to offset
such income, to the extent such losses would be deductible in determining such equityholder’s tax liability for such period if such equityholder’s only items of income, gain and loss were those allocated to it by Borrower or Holdings
(directly or indirectly). Any Tax Distributions shall (i) in the case of estimated taxes, be computed on the basis of the estimated taxable income of such Person allocated to it in respect of Holdings, Borrower and its Subsidiaries (as
estimated in good faith by the board of directors, managers or other governing body of such Person) for the relevant period, with any adjustments to such estimated taxable income being taken into account when computing future payments, such that
such future payments shall be increased or decreased to the extent necessary to take into account any such adjustment, and (ii) be paid not more than 10 days prior to the date that the equityholders of such Person would be required to pay such
estimated taxes. 
 “Taxes”: any and all present or future taxes, duties, levies, fees, imposts, deductions, charges or
withholdings imposed by the U.S. Internal Revenue Service or any other taxing authority (whether domestic or foreign and including any federal, state, U.S. possession, county, local, provincial or foreign government or any subdivision or taxing
agency thereof), whether computed on a separate, consolidated, unitary, combined or other basis and any and all liabilities (including interest, fines, penalties or additions to tax) with respect to the foregoing. 

“Term Lender”: each Lender that is a Tranche B Lender or Incremental Lender. 

“Term Loan Commitment Percentage”: as to any Lender at any time, the percentage of the aggregate outstanding principal
amount of Tenn Loans then constituted by the principal amount of such Lender’s Term Loans. 
 “Tenn Loan
Commitments”: collectively, the Tranche B Tenn Loan Commitments, any Incremental Tenn Commitment and any Commitments in respect of Extended Tenn Loans; individually a “Term Loan Commitment”. 

“Tenn Loans”: shall mean the Tranche B Tenn Loans and the Incremental Term Loans. 

“Term Note”: a Tranche B Tenn Note or any Incremental Term Note, as the context shall require, and collectively, the
“Term Notes”. 
 “Test Period”: a period of four (4) consecutive fiscal quarters. 

“Third Party Intellectual Property”: as defined in subsection 5.16. 

“Title Company”: such title insurance company as shall be retained by Borrower and reasonably acceptable to the
Administrative Agent. 
 “Title Policy”: the American Land Title Association 2006 Fonn extended coverage Lender’s Fee
Policy of title insurance or such other form as is reasonably acceptable to the Administrative Agent or a binding marked commitment to issue such policy dated as of the Closing Date and to be redated the date of recording of the Mortgages with
respect to each Mortgage, paid for by Borrower, issued by Title Company, insuring the first Lien in favor of the Administrative Agent for the benefit of the Lenders created by the Mortgages, together with such endorsements (including, without
limitation, “tie in” or “cluster”, first loss, last dollar, usury, contiguity, revolving credit, doing business, non imputation, public road access, survey, variable rate, zoning (provided that with respect to zoning, Borrower
may, in lieu of such endorsement, deliver a zoning compliance letter prepared by the 

  
 36 

 
appropriate Governmental Authority or a zoning and site requirement summary report prepared by the Planning and Zoning Resource Corporation or other similar service reasonably acceptable to the
Administrative Agent) and so called comprehensive coverage over covenants and restrictions), coinsurance and reinsurance as may be reasonably requested by the Administrative Agent and, provided that such endorsements are available in a given
jurisdiction, in form and substance reasonably acceptable to the Administrative Agent, and subject only to Permitted Encumbrances and such other Liens expressly agreed to by the Administrative Agent. 

“Tranche”: (a) the Tranche B Term Loans, (b) any Incremental Term Loans (that are not Tranche B Term Loans), (c) the
Revolving Credit Commitments (including any Incremental Revolving Credit Commitments), (d) any new tranche of Extended Tenn Loans converted from existing Term Loans, and (e) any new tranche of Revolving Credit Commitments established as a
result of Revolving Extension Notices. 
 “Tranche B Installment Payment Date”: as defined in subsection 4.6(a). 

“Tranche B Lender”: each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan. 

“Tranche B Maturity Date”: the date which is six years after the Closing Date or, if such date is not a Business Day, the
immediately preceding Business Day. With respect to Extended Term Loans such date shall be deemed replaced with the Extended Term Maturity Date. 

“Tranche B Term Loan”: as defined in subsection 2.1(a). 

“Tranche B Term Loan Commitment”: as to any Tranche B Lender, its obligation to make a Tranche B Term Loan to Borrower
pursuant to subsection 2.1 in an aggregate amount not to exceed the amount set forth under such Lender’s name on Schedule I or in an Incremental Loan Amendment or in the Assignment and Assumption pursuant to which a Lender acquires its
Tranche B Term Loan Commitment, as the same may be adjusted pursuant to subsection 11.6(c); collectively, as to all the Tranche B Lenders, the “Tranche B Term Loan Commitments”. The aggregate principal amount of the Tranche B Term
Loan Commitments on the Closing Date is $175,000,000. 
 “Tranche B Term Loan Commitment Percentage”: as to any Tranche B
Lender at any time, the percentage of tire aggregate Tranche B Term Loan Commitments then constituted by such Lender’s Tranche B Term Loan Commitment (or, after the Tranche B Term Loans are made, the percentage of the aggregate outstanding
principal amount of the Tranche B Tenn Loans then constituted by the principal amount of such Tranche B Lender’s Tranche B Term Loan). 

“Tranche B Term Loan Facility”: as defined in the definition of “Facility”. 

“Tranche B Tenn Note”: as defined in subsection 4.16(e). 

“Transactions”: collectively, (a) the execution and delivery and performance by the Credit Parties of each Credit
Document to which they are party and the making of the initial Loans hereunder, (b) the repayment of the amounts outstanding under the Existing Credit Agreements, the repayment or settlement of Hedge Agreements (if any) in connection therewith,
and the discharge of the security interests and liens related thereto, (c) the Equity Contribution, (d) the payment of stock purchase and merger consideration pursuant to the Merger Agreement and the consummation of the Merger and (e) the
payment of the fees and expenses incurred in connection with any of the foregoing. 

  
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 “Transferee”: as defined in subsection 11.6(f). 

“Type”: as to any Loan, its nature as an Index Rate Loan or LIBOR Loan. 

“UCC”: the Uniform Commercial Code as in effect in the applicable jurisdiction. 

“United States”: the United States of America. 

“Unrestricted Subsidiary” shall mean any Subsidiary of Borrower designated by the Board of Directors of Borrower as an
Unrestricted Subsidiary pursuant to subsection 7.15 subsequent to the Closing Date. 
 “Weighted Average Life to
Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) 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 (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such
date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness. 
 “Withdrawal
Liability”: liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part 1 of Subtitle E of Title IV of ERISA. 

“UK Subsidiary” means Clearwater Analytics, Ltd., a private limited company organized under the laws of England and Wales.

 “UK Subsidiary Markup” means the mark-up applicable to services provided by the
UK Subsidiary to the Target. 
 1.2.    Rules of Construction. (a) In this Agreement and each other Credit
Document, unless the context clearly requires otherwise (or such other Credit Document clearly provides otherwise), references to (i) the plural include the singular, the singular the plural and the part the whole; (ii) Persons include
their respective permitted successors and assigns or, in the case of governmental Persons, Persons succeeding to the relevant functions of such Persons; (iii) agreements (including this Agreement), promissory notes and other contractual
instruments include subsequent amendments, assignments, and other modifications thereto, but only to the extent such amendments, assignments or other modifications thereto are not prohibited by their terms or the terms of any Credit Document;
(iv) statutes and related regulations include any amendments of same and any successor statutes and regulations; and (v) time shall be a reference to New York, New York time. Where any provision herein refers to action to be taken by any
Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person. 

(b)    In this Agreement and each other Credit Document, unless the context clearly requires otherwise (or
such other Credit Document clearly provides otherwise), (i) “amend” shall mean “amend, restate, amend and restate, extend, renew, restructure, refinance, supplement or modify”; and “amended,”
“amending” and “amendment” shall have meanings correlative to the foregoing; (ii) in the computation of periods of time from a specified date to a later specified date, “from” shall mean
“from and including”; “to” and “until” shall mean “to but excluding”; and “through” shall mean “to and including”; (iii) “hereof,”
“herein” and “hereunder” (and similar terms) in this Agreement or any other Credit Document refer to this Agreement or such other Credit Document, as the case may be, as a whole and not to any particular provision
of this Agreement or such other Credit Document; 

  
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(iv) “including” (and similar terms) shall mean “including without limitation” (and similarly for similar terms); (v) “satisfactory to” the
Administrative Agent or the Issuing Lender shall mean in form, scope and substance and on terms and conditions satisfactory to the Administrative Agent or the Issuing Lender, as the case may be; (vi) “permitted” (and similar terms),
with respect to any Credit Document, means permitted in accordance with the terms of such Credit Document, whether express, implied or by operation of any consent, waiver or amendment and (vii) “asset” and
“property” shall have the same meaning and effect and refer to all tangible and intangible assets and property, whether real, personal or mixed and of every type and description. 

(c)    In this Agreement unless the context clearly requires otherwise, any reference to (i) an Annex,
Exhibit or Schedule is to an Annex, Exhibit or Schedule, as the case may be, attached to this Agreement and constituting a part hereof, and (ii) a Section or other subsection is to a Section or such other subsection of this Agreement. 

(d)    No Default shall arise as a result of any limitation or threshold set forth herein in U.S. Dollars
being exceeded solely as a result of changes in currency exchange rates from those rates applicable at the time the relevant determination occurs or in respect of which such determination is being made or the relevant amount was incurred, as the
case may be. 
 (e)    Anything in this Agreement to the contrary notwithstanding, any obligations of a
Person under a lease (whether existing now or entered into in the future) that is not (or would not be) required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP as in effect on the date of this
Agreement shall not be treated as capital lease solely as a result of (x) the adoption of changes in GAAP or (y) changes in the application of GAAP, in each case, after the date of this Agreement. 

(f)    For purposes of determining compliance with any subsection of Section 8 at any time, in the
event that any Indebtedness (whether at the time of incurrence or upon application of all or a portion of the proceeds thereof), Lien, Investment, Disposition, Restricted Payment, Affiliate transaction, Contractual Obligation or prepayment of
Indebtedness meets the criteria of one or more than one of the categories of transactions permitted pursuant to any clause of such subsections, such transaction (or portion thereof) at any time shall be permitted under one or more of such clauses as
determined by Borrower in its sole discretion at such time. 
 (g)    The words “asset” and
“property” shall be construed as having the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(h)    When 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 performance shall extend to the immediately succeeding Business Day. 

(i)    All certifications to be made hereunder by an officer or representative of a Credit Party shall be
made by such person in his or her capacity solely as an officer or a representative of such Credit Party, on such Credit Party’s behalf and not in such Person’s individual capacity. 

(j)    All references to “knowledge” of any Credit Party or a Restricted Subsidiary of Borrower
means the actual knowledge after due inquiry of a Responsible Officer. 

  
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 1.3.    Pro Forma Calculations. Notwithstanding anything to the
contrary contained herein, financial ratios and tests (including the Consolidated Total Net Leverage Ratio pursuant to this Agreement shall be calculated in the manner prescribed by this subsection 1.3. 

(a)    In the event that Borrower or any Restricted Subsidiary incurs, assumes, guarantees, redeems,
repays, retires or extinguishes any Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility unless such Indebtedness has been permanently repaid and has not been replaced) subsequent to the end of the Test Period
for which such financial ratio or test is being calculated but prior to or simultaneously with the event for which such calculation is being made, then such financial ratio or test shall be calculated giving pro forma effect to such incurrence,
assumption, guarantee, redemption, repayment, retirement or extinguishment of Indebtedness, as if the same had occurred on the last day of the applicable Test Period. 

(b)    For purposes of calculating any financial ratio or test, (i) Specified Transactions that have
been made by Borrower or any of the Restricted Subsidiaries during the applicable Test Period or subsequent to such Test Period and prior to or simultaneously with the event for which such calculation is being made shall be given pro forma effect
assuming that all such Specified Transactions (and the change in Consolidated EBITDA resulting therefrom) had occurred on the first day of the applicable Test Period and (ii) to the extent permitted by Section 1.3(c), “run-rate” cost savings and synergies that have been or are reasonably expected to be realized during the 12 months after the Closing Date or the date of the applicable Specified Transaction, as
applicable, shall be given pro forma effect. If since the beginning of any such Test Period any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into Borrower or any of its Restricted
Subsidiaries since the beginning of such Test Period shall have made any Specified Transaction that would have required adjustment pursuant to this subsection 1.3, then any applicable financial ratio or test shall be calculated giving pro forma
effect thereto for such period as if such Specified Transaction occurred at the beginning of the applicable Test Period. 

(c)    Whenever pro forma effect is to be given to a Specified Transaction or the Transactions, the pro
forma calculations shall be made in good faith by a senior finance officer of Borrower (including the “run-rate” cost savings and synergies resulting from such Specified Transactions that have been
or are expected to be realized (“run-rate” means the full recurring benefit for a period that is associated with any action taken (including any savings expected to result from the elimination of a
public target’s compliance costs with public company requirements), net of the amount of actual benefits realized during such period from such actions; provided that (x) with respect to the Transactions, such cost savings or
synergies for any period shall not exceed 10% of Consolidated EBITDA (after giving effect to such Specified Transaction, but prior to giving effect to such cost-saving or synergy adjustments) for such period and (y) with respect to any
Specified Transaction, such cost savings or synergies for any period shall not exceed 20% of Consolidated EBITDA for such period (after giving effect to such Specified Transaction, but prior to giving effect to such cost-saving or synergy
adjustments), and any such adjustments included in the initial pro forma calculations shall continue to apply to subsequent calculations of such financial ratios or tests, including during any subsequent Test Periods in which the effects thereof are
expected to be realized); provided, that (i) such amounts are reasonably identifiable, and factually supportable, are projected by Borrower in good faith to be realizable within 12 months after the end of the fiscal quarter in which such
Specified Transaction occurred (or, in the case of the Transactions, the 12 months after the Closing Date) and, in each case, certified by a senior finance officer of Borrower, which certification shall be delivered together with reasonable
supporting detail in respect of any such run-rate cost savings and synergies, (ii) no amounts shall be added pursuant to this clause (c) to the extent duplicative of any amounts that are otherwise
added back in computing Consolidated EBITDA for such Test Period and (iii) the amount of any items that would be permitted to be included in financial Statements prepared in accordance with Regulation S-X
shall not be subject to limitations included in (x) and (y) above. 

  
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 (d)    Interest on a Capitalized Lease shall be deemed
to accrue at an interest rate reasonably determined by a senior finance officer of Borrower to be the rate of interest implicit in such Capitalized Lease in accordance with GAAP. Interest on Indebtedness that may optionally be determined at an
interest rate based upon a factor of a prime or similar rate, a LIBOR offered rate, or other rate, shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen as Borrower may designate.

 (e)    Notwithstanding the foregoing, when calculating the Consolidated Total Net Leverage Ratio for
purposes of subsection 4.5(e) or subsection 8.9, the events described in subsections 1.3(b), (c) and (d) above that occurred subsequent to the end of the Test Period shall not be given pro forma effect. 

SECTION 2. TERM LOANS; INCREMENTAL LOANS 

2.1.    Tranche B Term Loans. (a) Subject to the terms and express conditions hereof, each Tranche B Lender
severally agrees to make a loan in Dollars (individually, a “Tranche B Term Loan”; and collectively, the “Tranche B Term Loans”) to Borrower on the Closing Date, in an aggregate principal amount equal to such
Lender’s Tranche B Term Loan Commitment. 
 (b)    Borrower may repay the Tranche B Term Loans as
provided in subsection 4.4 and shall repay the Term Loans as provided in subsections 4.5 and 4.6. 

(c)    The proceeds of the Tranche B Term Loans (other than any Incremental Tenn Loans) shall be used to
repay all amounts owing under the Target’s existing Indebtedness for borrowed money (other than Indebtedness pennitted to remain outstanding under the Merger Agreement and subsection 8.1), pay a portion of the consideration under the Merger
Agreement and to pay fees and expenses incurred in connection with the Transactions. 
 2.2.    [Reserved]. 

2.3.    Incremental Credit Facilities. (a) At any time or from time to time after the Closing Date, Borrower
may by written notice to the Administrative Agent, elect to request (i) prior to the Revolving Credit Termination Date, one or more increases to the existing Revolving Credit Commitments (any such increase, the “Incremental Revolving
Credit Commitments”); or (ii) prior to the Maturity Date of the Tranche B Term Loan Facility, the establishment of one or more new term loan commitments (the “Incremental Tenn Commitments”, and together with the
Incremental Revolving Credit Commitments, the “Incremental Facilities”). The aggregate amount of all such Incremental Facilities shall not exceed the sum of (A) $12,500,000, plus (B) an additional amount such that, in
the case of this clause (B) only, after giving pro forma effect thereto (including the use of proceeds thereof and other customary events and assuming that any Incremental Revolving Credit Commitments established at such time are fully funded),
the Consolidated Total Net Leverage Ratio as of the last day of the most recently ended fiscal quarter for which financial statements are available (or, in the case of a Permitted Acquisition or other permitted Investment subject to “funds
certain provisions”, as of the most recently ended fiscal quarter for which financial statements are available prior to the date of execution of the related acquisition agreement) is no greater than 6.75:1.00 (in each case, excluding cash
proceeds of such Incremental Facilities from any unrestricted cash permitted to be netted in the calculation of such ratio), plus (C) to the extent not financed with long-term indebtedness, an amount equal to all voluntary prepayments of
the Term Loans and, to the extent accompanied by a permanent reduction of the Revolving Credit 

  
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Commitments, voluntary prepayments of the Revolving Credit Loans (it being understood that, unless Borrower otherwise elects in writing to the Administrative Agent, (I) Borrower shall be
deemed to have utilized amounts under clause (B) (to the extent compliant therewith) prior to utilization of amounts under clause (A) or (C), and (II) loans may be incurred under clauses (A), (B) and (C) above, and proceeds from any
such incurrence under each of clauses (A), (B) and (C) above, may be utilized in a single transaction by first calculating the incurrence under clause (B) above and then calculating the incurrence under clause (A) and/or
(C) above); provided, that in no event shall the aggregate amount of Incremental Revolving Credit Commitments incurred in reliance upon clauses (A) or (B) above exceed $5,000,000. Each such notice shall specify (A) the date
(each, an “Increased Amount Date”) on which Borrower determines that the Incremental Revolving Credit Commitments or Incremental Term Commitments, as applicable, shall be effective, which shall be a date not less than five
(5) Business Days after the date on which such notice is delivered to the Administrative Agent (or such shorter period as shall be reasonably acceptable to the Administrative Agent) and (B) the identity of each Lender or other Person (each
of which must be an Eligible Assignee) (each, an “Incremental Revolving Lender” or “Incremental Term Lender,” as applicable) to whom Borrower proposes any portion of such Incremental Revolving Credit Commitments or
Incremental Term Commitments, as applicable, be allocated and the amounts of such allocations; provided, that each existing Lender shall first be afforded, by written notice to the Administrative Agent not less than ten (10) Business
Days prior to the Increased Amount Date (which notice shall be promptly forwarded by the Administrative Agent to the applicable existing Lenders), the opportunity to provide its Revolving Credit Commitment Percentage of any Incremental Revolving
Credit Commitments and/or its Term Loan Commitment Percentage of any Incremental Term Commitments, as applicable; provided, further, that any Lender approached to provide all or a portion of the Incremental Revolving Credit Commitments or
Incremental Term Commitments may elect or decline, in its sole discretion, to provide an Incremental Revolving Credit Commitment or an Incremental Term Commitment. Each Lender may elect to provide all or a portion of Revolving Credit Commitment
Percentage of any Incremental Revolving Credit Commitments and/or its Term Loan Commitment Percentage of any Incremental Term Commitments, as applicable, by providing written notice (each, an “Acceptance Notice”) to the
Administrative Agent and Borrower no later than 5:00 p.m. five (5) Business Days after the date of such Lender’s receipt of notice from the Administrative Agent. Each Acceptance Notice from a given Lender shall specify the principal amount
of the Incremental Revolving Credit Commitment and/or Incremental Term Commitment to be provided by such Lender. If a Lender fails to deliver an Acceptance Notice to the Administrative Agent within the time frame specified above or such Acceptance
Notice fails to specify the principal amount of the Incremental Revolving Credit Commitment and/or Incremental Term Commitments to be provided, any such failure will be deemed a rejection of the opportunity to provide any portion of the Incremental
Revolving Credit Commitment and/or Incremental Tenn Commitment, and Borrower may have other Persons to provide the remaining uncommitted portion of the Incremental Revolving Credit Commitment and/or Incremental Tenn Commitments. Such Incremental
Revolving Credit Commitments or Incremental Term Commitments shall become effective as of such Increased Amount Date; provided that after giving effect to the making of any Incremental Tenn Loans or effectiveness of Incremental Revolving
Credit Commitments and the use of proceeds thereof, (I) no Event of Default shall have occurred and be continuing (or to the extent the proceeds of such Incremental Facility are being used to finance a Pennitted Acquisition or other Investment
subject to “funds certain provisions”, no Event of Default shall have occurred and be continuing as of the date of the relevant Permitted Acquisition Agreement or the signing date of the relevant Investment); (II) each of the conditions
set forth in subsections 6.2(a) and (c)(ii) shall be satisfied; (III) Borrower shall be in compliance, on a Pro Forma Basis and after giving effect to any related Acquisitions, Asset Sales and incurrence or repayment of Indebtedness (and with
respect to any Incremental Revolving Credit Commitment, assuming a borrowing of the maximum amount of Loans available under such Incremental Revolving Credit Commitment), with the covenant set forth in subsection 8.9 (in the event that the proceeds
of such Incremental Facility are being used to finance a Pennitted Acquisition subject to “funds certain provisions”, such compliance shall be tested as of the most recently ended twelve month period

  
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for which financial statements have been or are required to delivered pursuant to subsection 7.1 prior to the date of execution of the related acquisition agreement); (IV) Borrower shall make any
payments required pursuant to subsection 4.15 in connection with the Incremental Revolving Credit Commitments or Incremental Tenn Commitments, if applicable; (V) Borrower shall deliver an Officer’s Certificate evidencing compliance with
the conditions set forth in sub-clause (III) hereof, together with reasonably detailed calculations (in substantially the same format as the calculations included in the Compliance Certificate) in support
thereof; and (VI) Borrower shall deliver or cause to be delivered any customary legal opinions or other documents reasonably requested by the Administrative Agent in connection with any such transaction. The Incremental Revolving Credit
Commitments or Incremental Term Commitments, as applicable, shall be effected pursuant to one or more amendments (each, an “Incremental Loan Amendment”) executed and delivered by Borrower, the Incremental Revolving Lender or
Incremental Term Lender, as applicable and the Administrative Agent, and each of which shall be recorded in the Register. Borrower shall use the proceeds of any Incremental Facilities hereunder for Permitted Acquisitions, Investments permitted by
Section 8.6, Restricted Payments, capital expenditures, to provide for the ongoing working capital and general corporate purposes and working capital needs of Borrower and its Subsidiaries or for any other transaction not
prohibited hereunder. 
 (b)    On any Increased Amount Date on which Incremental Revolving Credit
Commitments are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each of the Revolving Credit Lenders shall assign to each of the Incremental Revolving Lenders, and each of the Incremental Revolving Lenders shall
purchase from each of the Revolving Credit Lenders, at the principal amount thereof, such interests in the Revolving Credit Loans outstanding on such Increased Amount Date as shall be necessary in order that, after giving effect to all such
assignments and purchases, such Revolving Credit Loans will be held by existing Revolving Credit Lenders and Incremental Revolving 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, (ii) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment and each Loan made thereunder shall be deemed, for
all purposes, a Revolving Credit Loan and (iii) each Incremental Revolving Lender shall become a Lender with respect to the Incremental Revolving Credit Commitment and all matters relating thereto. The Administrative Agent and the Lenders
hereby agree that the minimum borrowing and prepayment requirements in subsection 4.1 and subsections 4.4 and 4.5 of this Agreement, and the pro rata borrowing requirements in subsection 4.12 of this Agreement, shall not apply to the transactions
effected pursuant to the immediately preceding sentence. 
 (c)    Any Incremental Tenn Loans made on an
Increased Amount Date shall be designated a separate Tranche of Incremental Term Loans for all purposes of this Agreement. On any Increased Amount Date on which any Incremental Term Commitments of any Tranche are effected, subject to the
satisfaction of the foregoing tenns and conditions, (i) each Incremental Term Lender of such Tranche shall make a Loan to Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such
Tranche, and (ii) each Incremental Term Lender of such Tranche shall become a Lender hereunder with respect to the Incremental Term Commitment of such Tranche and the Incremental Term Loans of such Tranche made pursuant thereto. 

(d)    The Administrative Agent shall notify Lenders promptly upon receipt of Borrower’s notice of
each Increased Amount Date and in respect thereof (i) the Incremental Revolving Credit Commitments and the Incremental Revolving Lenders with respect thereto or the Tranche of Incremental Term Commitments and the Incremental Tenn Lenders of
such Tranche, as applicable, and (ii) in the case of each notice to any Revolving Credit Lender with respect to an increase in the Revolving Credit Commitments, the respective interests in such Revolving Credit Lender’s Revolving Credit
Commitments, in each case subject to the assignments contemplated by clause (b) of this subsection 2.3. 

  
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 (e)    The terms and provisions of the Incremental Term
Loans and Incremental Term Commitments of any Tranche shall be as agreed between Borrower and the Incremental Tenn Lenders providing such Incremental Term Loans and Incremental Term Commitments and except as otherwise permitted pursuant to this
clause (e), shall be identical to the Tranche B Term Loans (it being understood that the lenders under any Incremental Term Commitments may agree to “most favored nations” provisions that are less favorable to such lenders than to the
Tranche B Term Lenders, as applicable). In any event: 
 (i)    the Incremental Facilities shall rank
pari passu in right of payment and be equal with respect to security with the Tranche B Term Loans and the Revolving Credit Commitments; 

(ii)    the Weighted Average Life to Maturity of all Incremental Term Loans of any Tranche shall be no
shorter than the Weighted Average Life to Maturity of the Tranche B Term Loans made on the Closing Date (except by virtue of amortization or prepayment of the Tranche B Term Loans made on the Closing Date prior to the time of such incurrence); 

(iii)    the Maturity Date of any Tranche of Incremental Term Loans of any Tranche shall be no earlier
than the maturity of the Tranche B Term Loans made on the Closing Date; 
 (iv)    all tenns of the
Incremental Revolving Credit Commitments and each Loan thereunder shall be identical to the Revolving Credit Commitments and the Revolving Credit Loans; 

(v)    the Incremental Tenn Loans will share ratably in right of prepayment with the Term Loans pursuant
to subsections 4.4 and 4.5 or otherwise; provided that the tenns of any Incremental Term Loans may permit non-pro rata prepayments of existing Tranche B Tenn Loans maturing prior to such Incremental
Tenn Loans; and 
 (vi)    the yield applicable to the Incremental Term Loans of each Tranche shall be
detennined by Borrower and the applicable new Lenders and shall be set forth in each applicable Incremental Loan Amendment; provided, however, that the yield applicable to such Incremental Tenn Loans (after giving effect to all upfront
or similar fees payable generally to all Persons providing such Incremental Term Loan, original issue discount payable or interest rate floors with respect to such Incremental Term Loans) shall not be greater than the applicable interest rate
payable pursuant to the tenns of this Agreement as amended through the date of such calculation with respect to the Tranche B Tenn Loans made on the Closing Date, plus 0.50% per annum unless the Applicable Margin with respect to the Tranche B Tenn
Loans made on the Closing Date is increased so as to cause the then applicable interest rate under this Agreement on the Tranche B Tenn Loans made on the Closing Date (including any upfront or similar fees or original issue discount paid and payable
to the initial Lenders hereunder and the adjustment of any interest rate floor) to equal the yield then applicable to the Incremental Tenn Loans (after 

  
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giving effect to all upfront or similar fees payable generally to all Persons providing such Incremental Tenn Loan, original issue discount payable or interest rate floors with respect to such
Incremental Tenn Loans) minus 0.50% (it being agreed that any increase in yield on any initial Tranche B Term Loans required due to the application of an interest rate floor on any Incremental Facilities shall be effected solely through an increase
in (or implementation of, as applicable) any interest rate floor applicable to such Tranche B Term Loan, but only to the extent that an increase in the interest rate floor with respect to Tranche B Term Loans made on the Closing Date would cause an
increase in the interest rate then in effect at the time of determination hereunder; provided that customary arrangement, structuring, underwriting, closing, commitment, amendment or similar fees payable to the initial Lenders (or their
respective affiliates) or one or more arrangers of Facilities under this subsection 2.3 shall be excluded (regardless of whether paid in whole or in part to any or all Lenders). For purposes of the foregoing, any fees or original issue discount
shall be equated to interest rates based on the lesser of an assumed four-year average life to maturity or the remaining life to maturity and without any present value discount. 

(f)    Each Incremental Loan Amendment may, without the consent of any other Lenders, effect such
amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and Borrower to effect the provision of this subsection 2.3, and for the avoidance of doubt, this
subsection 2.3 shall supersede any provisions in subsection 4.12 or 11.1 to the contrary. 
 (g)    The
Loans and Commitments extended or established pursuant to this subsection 2.3 shall constitute Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Credit Documents, and shall, without
limiting the foregoing, benefit equally and ratably from the guarantees and security interests created by the Security Documents. The Credit Parties shall take any actions reasonably required by the Administrative Agent to ensure or demonstrate that
the Lien and security interests granted by the Security Documents continue to be perfected under the Uniform Commercial Code or otherwise after giving effect to the extension or establishment of any such Loans or any such Commitments. 

SECTION 3. AMOUNT AND TERMS OF REVOLVING CREDIT COMMITMENTS 

3.1.    Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Revolving Credit
Lender severally agrees to the extent of its Revolving Credit Commitment or Incremental Revolving Credit Commitment to extend credit to Borrower at any time and from time to time on any Borrowing Date during the Revolving Credit Commitment Period in
each case (i) by purchasing an L/C Participating Interest in each Letter of Credit issued by the Issuing Lender and (ii) by making loans in Dollars (individually, a “Revolving Credit Loan”; and collectively, the
“Revolving Credit Loans”) to Borrower from time to time; provided that the aggregate amount of Revolving Credit Loans outstanding on the Closing Date shall not exceed $4,000,000. Notwithstanding the above, in no event shall
any Revolving Credit Loans be made, or Letter of Credit be issued, if the aggregate amount of the Revolving Credit Loans to be made or Letter of Credit to be issued would, after giving effect to the use of proceeds, if any, thereof, exceed the
aggregate Available Revolving Credit Commitments nor shall any Letter of Credit be issued if after giving effect thereto the sum of the undrawn amount of all outstanding Letters of Credit and the amount of all L/C Obligations would exceed
$5,000,000. 

  
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 (b)    During the Revolving Credit Commitment Period,
Borrower may use the Revolving Credit Commitments and any Incremental Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof,
and/or by having the Issuing Lender issue Letters of Credit, having such Letters of Credit expire undrawn upon or if drawn upon, reimbursing the Issuing Lender for such drawing, and having the Issuing Lender issue new Letters of Credit. 

(c)    Each borrowing of Revolving Credit Loans pursuant to the Revolving Credit Commitments and any
Incremental Revolving Credit Commitments shall be in an aggregate principal amount of the lesser of (i) $500,000 or a whole multiple of $100,000 in excess thereof in the case of Index Rate Loans, and $500,000 or a whole multiple of $100,000 in
excess thereof, in the case of LIBOR Loans, and (ii) the Available Revolving Credit Commitments, except any borrowing under subsection 3.4 shall be in the amount of the applicable Letter of Credit draw. 

3.2.    Commitment Fee. Borrower agrees to pay to the Administrative Agent for the account of each Lender, subject
to subsection 4.18(a)(iii)(A), a commitment fee (the “Commitment Fee”) from and including the Closing Date to but excluding the Revolving Credit Termination Date computed at the Commitment Fee Rate on the average daily amount of the
Available Revolving Credit Commitment of such Lender during the period for which payment is made (whether or not Borrower shall have satisfied the applicable conditions for borrowing or for the issuance of a Letter of Credit set forth in
Section 6). Such commitment fee shall be payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Revolving Credit Termination Date, commencing on the first such date to occur on or following
the Closing Date, in each case for the actual number of days elapsed in a year of 360 days. 
 3.3.    Proceeds of
Revolving Credit Loans. On the Closing Date, up to $4,000,000 in Revolving Credit Loans may be used to fond any original issue discount or upfront fees with respect to the Facilities, pay a portion of the consideration under the Merger Agreement
and to pay fees and expenses incurred in connection with the Transactions and for general corporate purposes and working capital needs. From and after the Closing Date, Borrower shall use the proceeds of Revolving Credit Loans for Permitted
Acquisitions and to provide for the ongoing working capital and general corporate purposes and working capital needs of Borrower and its Subsidiaries, in each case, after the Closing Date. 

3.4.    Issuance of Letters of Credit. (a) Borrower may from time to time, up to thirty days prior to the
Revolving Credit Termination Date, request the Issuing Lender to issue a Letter of Credit by delivering to the Issuing Lender (with a copy to the Administrative Agent) at its address specified in subsection 11.2 (or such other location as the
Issuing Lender may direct) a letter of credit application in the Issuing Lender’s then customary fonn (the “L/C Application”) completed to the satisfaction of the Issuing Lender, together with the proposed form of such Letter
of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that Borrower may
request any Revolving Credit Lender, in such Lender’s sole discretion, to open such Letter of Credit upon the same terms offered to the Issuing Lender and each reference to the Issuing Lender for purposes of subsections 3.5 through 3.12 shall
be deemed to be a reference to such Issuing Lender for the purposes of such Letter of Credit. The Issuing Lender may elect only to issue Letters of Credit in its own name and may only issue Letters of Credit to the extent permitted by applicable
Law, and such Letters of Credit may not be accepted by certain beneficiaries such as insurance companies. 

(b)    Each Letter of Credit issued hereunder shall be issued for the account of Borrower and shall, among
other things, (i) be in such form requested by Borrower as shall be acceptable to the Issuing Lender in its sole discretion (provided that any Letter of Credit may be for the benefit of any

  
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Subsidiary of Borrower) and (ii) have an expiry date occurring not later than 365 days after the date of issuance of such Letter of Credit and may be automatically renewed on its expiry date
for an additional period equal to the initial term (or such longer period of time as may be agreed by the Issuing Lender), but in no case shall any Letter of Credit have an expiry date occurring later than the fifth Business Day prior to the
Revolving Credit Termination Date (unless cash in an amount equal to 103% of such amount has been deposited to a cash collateral account established by the Administrative Agent or such Letters of Credit have been replaced or backstopped with
alternate Letters of Credit reasonably satisfactory to the issuing Lender). 
 3.5.    Participating Interests.
Effective in the case of each Letter of Credit as of the date of the opening thereof, the Issuing Lender agrees to allot and does allot, to itself and each other Revolving Credit Lender, and each such Lender severally and irrevocably agrees to take
and does take in such Letter of Credit and the related L/C Application (if applicable), an L/C Participating Interest in a percentage equal to such Lender’s Revolving Credit Commitment Percentage. 

3.6.    Procedure for Opening Letters of Credit. The Issuing Lender will notify each Lender after the end of each
calendar month of any L/C Applications received by the Issuing Lender from Borrower during such month. Upon receipt of any L/C Application from Borrower, the Issuing Lender will process such L/C Application, and the other certificates, documents and
other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of
Credit to the beneficiary thereof and by furnishing a copy thereof to Borrower and, after the end of the calendar month in which such Letter of Credit was opened, provide details of the Letters of Credit issued to the other Lenders; provided
that no such Letter of Credit shall be issued until tire Issuing Lender has consulted with the Administrative Agent, who has not advised the Issuing Lender that subsection 3.1 would be violated thereby or a condition precedent to the issuance of
such Letter of Credit is not satisfied. 
 3.7.    Payments in Respect of Letters of Credit. (a) Borrower
agrees within one Business Day following demand by the Issuing Lender and otherwise in accordance with the terms of the L/C Application relating thereto, to (i) reimburse the Issuing Lender for any payment made by the Issuing Lender under any
Letter of Credit issued for the account of Borrower to the extent not reimbursed by the borrowing contemplated by the next sentence and (ii) pay interest on any unreimbursed portion of any such payment from the date of such payment until
reimbursement in full thereof at a rate per annum equal to (a) on or prior to the date which is one Business Day after the day on which the Issuing Lender demands reimbursement from Borrower for such payment, the Index Rate plus
the Applicable Margin for the Revolving Credit Loans and (b) thereafter, the Index Rate plus the Applicable Margin for the Revolving Credit Loans plus 2%. Each drawing under any Letter of Credit shall (unless an event of the type described in
paragraph (f) of Section 9 shall have occurred and be continuing, in which case the procedures specified in this subsection 3.7 for payments in respect of Letters of Credit shall apply) constitute a request by Borrower to the
Administrative Agent for a borrowing pursuant to subsection 3.1(a) of Index Rate Loans in the amount of such drawing, which borrowing shall be applied by the Administrative Agent to reimburse the Issuing Lender for such drawing. The Borrowing Date
with respect to such borrowing shall be the date of payment of the relevant drawing. 
 (b)     In the
event that the Issuing Lender makes a payment under any Letter of Credit and is not reimbursed pursuant to subsection 3.7(a) in full therefor forthwith upon demand of the Issuing Lender, and otherwise in accordance with the terms of the L/C
Application relating to such Letter of Credit, the Issuing Lender will promptly notify each other Revolving Credit Lender. Forthwith upon its receipt of any such notice, each such other Lender will transfer to the Administrative Agent on behalf of
the Issuing Lender, in immediately available funds, an amount equal to such other Lender’s Revolving Credit Commitment Percentage of the L/C Obligation arising from such unreimbursed payment. 

  
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 (c)    Whenever, at any time after the Issuing Lender
has made a payment under any Letter of Credit and has received from any other Revolving Credit Lender such other Lender’s Revolving Credit Commitment Percentage of the L/C Obligation arising therefrom, the Issuing Lender receives any
reimbursement on account of such L/C Obligation or any payment of interest on account thereof, the Issuing Lender will promptly distribute to such other Lender its pro rata share thereof in like funds as received; provided that
in the event that the receipt by the Issuing Lender of such reimbursement or such payment of interest (as the case may be) is required to be returned, such other Lender will return to the Issuing Lender any portion thereof previously distributed by
the Issuing Lender to it in like funds as such reimbursement or payment is required to be returned by the Issuing Lender. 

3.8.    Letter of Credit Fees. (a) Borrower agrees to pay the Administrative Agent, (i) for the account of
the Issuing Lender and the Participating Lenders (subject to subsection 4.1 S(a)(iii)(B) and (C)), with respect to each Letter of Credit issued for the account of Borrower, a Letter of Credit fee equal to the Applicable Margin for Revolving Credit
Loans that are LIBOR Loans per annum on the daily average amount available to be drawn under each Letter of Credit, payable, in arrears, on the last Business Day of each March, June, September and December and on the Revolving Credit
Termination Date and (ii) for the account of the Issuing Lender and not on account of its L/C Participating Interest therein, certain fees, documentary and processing charges as separately agreed between Borrower and such Issuing Lender or
otherwise in accordance with such Issuing Lender’s standard schedule in effect at the time of determination thereof. The Administrative Agent will disburse any Letter of Credit fees received pursuant to subsection 3.8(a)(i) to the Issuing
Lender and the respective Lenders promptly following the receipt of any such fees. 
 (b)    For purposes
of any payment of fees required pursuant to this subsection 3.8, the Administrative Agent agrees to provide to Borrower a statement of any such fees to be so paid; provided that the failure by the Administrative Agent to provide Borrower with
any such invoice shall not relieve Borrower of its obligation to pay such fees. 
 3.9.    Letter of Credit
Reserves. (a) If any Change in Law shall either (i) impose, modify, deem or make applicable any reserve, special deposit, assessment or similar requirement against letters of credit issued by the Issuing Lender or (ii) impose on
the Issuing Lender any other condition regarding this Agreement (with respect to Letters of Credit) or any Letter of Credit, and the result of any event referred to in clause (i) or (ii) above shall be to increase the cost of the Issuing Lender
of issuing or maintaining any Letter of Credit (which increase in cost shall be the result of the Issuing Lender’s reasonable allocation of the aggregate of such cost increases resulting from such events), then, upon demand by the Issuing
Lender, Borrower shall pay to the Issuing Lender within 10 days following demand, from time to time as specified by the Issuing Lender, additional amounts which shall be sufficient to compensate the Issuing Lender for such increased cost, together
with interest on each such amount from the date demanded until payment in full thereof at a rate per annum equal to the rate applicable to Index Rate Loans pursuant to subsection 4.8(b). Borrower shall not be required to make any
payments to the Issuing Lender for any additional amounts pursuant to this subsection 3.9(a) unless the Issuing Lender has given written notice to Borrower of its intent to request such payments prior to or within 60 days after the date on which the
Issuing Lender became entitled to claim such amounts. A certificate, setting forth in reasonable detail the calculation of the amounts involved, submitted by the Issuing Lender to Borrower concurrently with any such demand by the Issuing Lender,
shall be conclusive, absent manifest error, as to the amount thereof. 

  
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 (b)    In the event that any Change in Law with respect
to the Issuing Lender shall, in the reasonable opinion of the Issuing Lender, require that any obligation under any Letter of Credit be treated as an asset or otherwise be included for purposes of calculating the appropriate amount of capital to be
maintained by the Issuing Lender or any corporation controlling the Issuing Lender, and such Change in Law shall have the effect of reducing the rate of return on the Issuing Lender’s or such corporation’s capital, as the case may be, as a
consequence of the Issuing Lender’s obligations under such Letter of Credit to a level below that which the Issuing Lender or such corporation, as the case may be, could have achieved but for such Change in Law (taking into account the Issuing
Lender’s or such corporation’s policies, as the case may be, with respect to capital adequacy) by an amount reasonably deemed by the Issuing Lender to be material, then from time to time following notice by the Issuing Lender to Borrower
of such Change in Law, within 15 days after demand by the Issuing Lender, Borrower shall pay to the Issuing Lender such additional amount or amounts as will compensate the Issuing Lender or such corporation, as the case may be, for such reduction.
The Issuing Lender agrees that, upon the occurrence of any event giving rise to the operation of paragraph (a) or (b) of this subsection 3.9 with respect to the Issuing Lender, it will, if requested by Borrower and to the extent permitted by
law or by the relevant Governmental Authority, endeavor in good faith to avoid or minimize the increase in costs or reduction in payments resulting from such event; provided that such avoidance or minimization can be made in such a manner
that the Issuing Lender, in its sole determination, suffers no economic, legal or regulatory disadvantage. Borrower shall not be required to make any payments to the Issuing Lender for any additional amounts pursuant to this subsection 3.9(b) unless
the Issuing Lender has given written notice to Borrower of its intent to request such payments prior to or within 60 days after the date on which the Issuing Lender became entitled to claim such amounts. A certificate, in reasonable detail setting
forth the calculation of the amounts involved, submitted by the Issuing Lender to Borrower concurrently with any such demand by the Issuing Lender, shall be conclusive, absent manifest error, as to the amount thereof. 

(c)    Borrower and each Participating Lender agree that the provisions of the foregoing paragraphs
(a) and (b) shall apply equally to each Participating Lender in respect of its L/C Participating Interest in such Letter of Credit, as if the references in such paragraphs and provisions referred to, where applicable, such Participating Lender
or, in the case of paragraph (b), any corporation controlling such Participating Lender. 
 3.10.    Further
Assurances. Borrower hereby agrees, from time to time, to do and perform any and all acts and to execute any and all further instruments reasonably requested by the Issuing Lender more fully to effect the purposes of this Agreement and the
issuance of Letters of Credit hereunder. 
 3.11.    Obligations Absolute. The payment obligations of Borrower
under this Agreement with respect to the Letters of Credit shall be unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including, without limitation, the following
circumstances: 
 (i)     the existence of any claim, set-off,
defense or other right which Borrower or any of its Subsidiaries may have at any time against any beneficiary, or any transferee, of any Letter of Credit (or any Persons for whom any such beneficiary or any such transferee may be acting), the
Issuing Lender, the Administrative Agent or any Lender, or any other Person, whether in connection with this Agreement, any Credit Document, the transactions contemplated herein, or any unrelated transaction; 

  
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 (ii)    any statement or any other document presented
under any Letter of Credit proving to be forged, fraudulent or invalid or any statement therein being untrue or inaccurate in any respect, except arising from the gross negligence or willful misconduct on the part of the Issuing Lender; 

(iii)    payment by the Issuing Lender under any Letter of Credit against presentation of a draft or
certificate or other document which does not comply with the terms of such Letter of Credit or is insufficient in any respect, except where such payment constitutes gross negligence or willful misconduct on the part of the Issuing Lender; or 

(iv)    any other circumstances or happening whatsoever, whether or not similar to any of the foregoing,
except for any such circumstances or happening constituting gross negligence or willful misconduct on the part of the Issuing Lender. 

3.12.    Participations. The obligation of each Revolving Credit Lender to purchase participating interests
pursuant to subsection 3.5 shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (i) any set-off, counterclaim, recoupment, defense or other
right which such Lender may have against the Issuing Lender, Borrower or any other Person for any reason whatsoever; (ii) the occurrence or continuance of an Event of Default; (iii) any adverse change in the condition (financial or
otherwise) of Borrower; (iv) any breach of this Agreement by Borrower or any other Lender; or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

3.13.    Cash Collateral. (a) At any time that an Event of Default shall have occurred and is continuing,
within three Business Days following the written request of the Administrative Agent or the Issuing Lender (with a copy to the Administrative Agent) Borrower shall Cash Collateralize the Issuing Lender’s Fronting Exposure with respect to any
Defaulting Lender (determined after giving effect to subsection 4.18(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount or make other arrangements satisfactory to the Issuing
Lender in its sole discretion. 
 (b)    Borrower, and to the extent provided by any Defaulting Lender,
such Defaulting Lender, hereby grants to the Administrative Agent, for the benefit of the Issuing Lender, and agrees to maintain a first priority security interest in all such Cash Collateral as security for the Defaulting Lender’s obligation
to fund participations in respect of L/C Obligations, to be applied pursuant to clause (c) below. If at any time the Administrative Agent determines that Cash Collateral is subject to any Lien of any Person other than the Administrative Agent
and the Issuing Lender as herein provided or nonconsensual Liens permitted by subsection 8.2, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, Borrower 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 Lender). 

(c)    Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under
this subsection 3.13 or subsection 4.18 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of L/C Obligations (including, as to Cash Collateral provided
by a Defaulting 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. 

  
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 (d)    Cash Collateral (or the appropriate portion
thereof) provided to reduce the Issuing Lender’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this subsection 3.13 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 the Issuing Lender that there exists excess Cash Collateral, which excess shall promptly be returned to the Person
providing such Cash Collateral; provided that, subject to subsection 4.18, the Person providing Cash Collateral and the Issuing Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other
obligations. 
 3.14.    Addition of an Issuing Lender. A Lender reasonably acceptable to Borrower and the
Administrative Agent may become an additional Issuing Lender (the “Additional Issuing Lender”) hereunder pursuant to a written agreement among Borrower, the Administrative Agent and such Additional Issuing Lender; provided,
that the aggregate amount available to be drawn at any time under all outstanding Letters of Credit issued by the Additional Issuing Lender shall not exceed $3,500,000. The Administrative Agent shall notify the Revolving Credit Lenders of any such
Additional Issuing Lender. 
 3.15.    Provisions Related to Extended Revolving Credit Commitments. If the
Revolving Credit Termination Date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if one or more other tranches of Revolving Credit Commitments in respect of which the
expiration date of a Letter of Credit shall not have so occurred are then in effect, such Letters of Credit shall, to the extent such Letters of Credit could have been issued under such other tranches, 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 subsection 3.5 and subsection 3.7(b) under (and ratably
participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such nonterminating tranches up to an aggregate amount not to exceed the aggregate principal 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), Borrower shall Cash Collateralize any such Letter of
Credit in an amount equal to the Minimum Collateral Amount. 
 3.16.    Conflict with L/C Application. In the
event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any L/C Application or other agreement submitted by Borrower to, or entered into by Borrower with, the Issuing Lender relating to any
Letter of Credit, the terms and conditions of this Agreement shall control. 
 SECTION 4. GENERAL PROVISIONS APPLICABLE TO LOANS 

4.1.    Procedure for Borrowing. (a) Subject to the terms and express conditions hereof, Borrower may borrow
under the Commitments on any Business Day (it being understood that Tranche B Term Loans may be borrowed only on the Closing Date and that Revolving Credit Loans may be borrowed only during the Revolving Credit Commitment Period); provided
that, with respect to any borrowing, Borrower shall give the Administrative Agent an irrevocable Borrowing Notice (which notice must be received by the Administrative Agent prior to 11:30 a.m. New York City time, in the case of Tranche B Term Loans
on the Closing Date and Revolving Credit Loans, (x) three Business Days prior to the requested Borrowing Date if all or any part of the Loans are to be LIBOR Loans and (y) on the requested Borrowing Date if the borrowing is to be solely of
Index Rate Loans (or prior to 11:30 a.m. New York City time one Business Day prior to the requested Borrowing Date in the case of a borrowing of Index Rate Loans on the Closing Date or a borrowing of Index Rate Loans in an amount greater than
$5,000,000), (b) whether such Loans are initially to be LIBOR Loans or Index Rate Loans or a 

  
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combination thereof, (c) if the borrowing is to be entirely or partly LIBOR Loans, the length of the LIBOR Period for such LIBOR Loans and (d) whether the Loan is a Term Loan or
Revolving Credit Loan. If no election as to the Type of borrowing is specified in any such notice, then the requested borrowing shall be borrowing of Index Rate Loans. If no LIBOR Period with respect to any LIBOR Loan is specified in any such
notice, then Borrower shall be deemed to have selected an LIBOR Period of one month’s duration. Upon receipt of such notice the Administrative Agent shall promptly notify each affected Lender thereof. Not later than 2:00 p.m., New York City
time, on the Borrowing Date specified in such notice, each affected Lender shall make available to the Administrative Agent at the office of the Administrative Agent specified in subsection 11.2 (or at such other location as the Administrative Agent
may direct) an amount in immediately available funds equal to the amount of the Loan to be made by such Lender. Loan proceeds received by the Administrative Agent hereunder shall promptly be made available to Borrower in immediately available funds
to be delivered by wire transfer to the account(s) designated by Borrower in the applicable borrowing notice, in the aggregate amount actually received by the Administrative Agent from the Lenders and in like funds as received by the Administrative
Agent. 
 (b)    Any borrowing of LIBOR Loans hereunder shall be in such amounts and be made pursuant to
such elections so that, after giving effect thereto, (i) the aggregate principal amount of all LIBOR Loans having the same LIBOR Period shall not be less than $500,000 or a whole multiple of $100,000 in excess thereof and (ii) no more than
eight (8) LIBOR Periods (or such greater number of LIBOR Periods as may be agreed by the Administrative Agent) shall be in effect at any one time. 

4.2.    Conversion and Continuation Options. (a) Subject to subsection 4.15, Borrower may elect from time to
time to convert LIBOR Loans into Index Rate Loans by giving the Administrative Agent irrevocable written notice of such election, to be received by the Administrative Agent prior to 2:00 p.m. New York City time at least one Business Day prior to the
proposed conversion date. Borrower may elect from time to time to convert all or a portion of the Index Rate Loans then outstanding to LIBOR Loans by giving the Administrative Agent irrevocable written notice of such election, to be received by the
Administrative Agent prior to 2:00 p.m. New York City time at least three Business Days prior to the proposed conversion date, specifying the LIBOR Period selected therefor. Such conversion shall be made on the requested conversion date (which date
must be a Business Day); provided that no such conversion of Index Rate Loans to LIBOR Loans with a LIBOR Period in excess of one month shall be made when any Event of Default has occurred and is continuing and the Required Lenders have, by
written notice to Borrower and the Administrative Agent, determined that such conversion is not appropriate. Upon receipt of any notice pursuant to this subsection 4.2, the Administrative Agent shall promptly notify each affected Lender thereof. All
or any part of the outstanding Loans may be converted as provided herein; provided that partial conversions of Index Rate Loans shall be in the aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof and the
aggregate principal amount of the resulting LIBOR Loans outstanding in respect of any one LIBOR Period shall be at least $500,000 or a whole multiple of $100,000 in excess thereof. 

(b)    Any LIBOR Loans may be continued as such upon the expiration of the then current LEBOR Period with
respect thereto by Borrower giving irrevocable written notice to the Administrative Agent not later than 2:00 p.m., New York City time, three Business Days prior to continuation, in accordance with the applicable provisions of the term “LIBOR
Period” set forth in subsection 1.1, of the length of the next LIBOR Period to be applicable to such Loans; provided that no LIBOR Loan may be continued as such (i) when any Event of Default has occurred and is continuing and the
Required Lenders have, by written notice to Borrower and the Administrative Agent, determined that such a continuation is not appropriate, (ii) if, after giving effect thereto, subsection 4.1(b) would be contravened or (iii) after the date
that is one month prior to the Revolving Credit Termination Date (in the case of continuations of Revolving Credit Loans) or the final Installment Payment Date of the Term Loans. 

  
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 (c)    Each notice pursuant to this subsection 4.2 shall
be in writing and irrevocable and shall refer to this Agreement and specify (i) the identity and amount of the Loan that Borrower requests be converted or continued, (ii) whether such Loan is to be converted to or continued as a LIBOR Loan
or an Index Rate Loan, (iii) if such notice requests a conversion, the date of such conversion (which shall be a Business Day) and (iv) if such Loan is to be converted to or continued as a LIBOR Loan, the LIBOR Period with respect thereto.
If no LIBOR Period is specified in any such notice with respect to any conversion to or continuation as a LIBOR Loan, Borrower shall be deemed to have selected an LIBOR Period of one month’s duration. The Administrative Agent shall promptly
advise the effected Lenders of any notice given pursuant to this subsection 4.2 and of each affected Lender’s portion of any converted or continued Loan. If Borrower shall not have given notice in accordance with this subsection 4.2 to continue
any Loan into a subsequent LIBOR Period (and shall not otherwise have given notice in accordance with this subsection 4.2 to convert such Loan), such Loan shall, at the end of the LIBOR Period applicable thereto (unless repaid pursuant to the terms
hereof), automatically be converted into an Index Rate Loan. Any portion of a borrowing maturing or required to be repaid in less than one month may not be converted into or continued as a LIBOR Loan. 

4.3.    Changes of Commitment Amounts. (a) Borrower shall have the right, upon not less than three Business
Days’ notice to the Administrative Agent, at any time subsequent to the Closing Date, to terminate or from time to time to permanently reduce the Revolving Credit Commitments and any Incremental Revolving Credit Commitments in whole or in part,
subject to the provisions of this subsection 4.3. 
 To the extent, if any, that the sum of the amount of the Revolving Credit Loans and
L/C Obligations then outstanding and the amounts available to be drawn under outstanding Letters of Credit exceeds the amount of the Revolving Credit Commitments and any Incremental Revolving Credit Commitments, as then reduced, Borrower shall be
required to make a prepayment equal to such excess amount, the proceeds of which shall be applied, first, to payment of any L/C Obligations then outstanding, second to payment of the Revolving Credit Loans then outstanding and
third, to cash collateralize any outstanding Letters of Credit on terms reasonably satisfactory to the Issuing Lender and the Administrative Agent. Any termination of the Revolving Credit Commitments and any Incremental Revolving Credit
Commitments shall be accompanied by prepayment in full of the Revolving Credit Loans and L/C Obligations then outstanding in excess of the then outstanding Revolving Credit Commitments and any Incremental Revolving Credit Commitments after giving
effect to such reduction and by (x) replacement or backstop of all Letters of Credit with alternate letters of credit reasonably satisfactory to the Administrative Agent and the Issuing Lender or (y) cash collateralization of any
outstanding Letters of Credit on terms reasonably satisfactory to the Issuing Lender and Administrative Agent. Upon termination of the Revolving Credit Commitments and any Incremental Revolving Credit Commitments, any Letter of Credit then
outstanding that has been so cash collateralized, backstopped or replaced shall no longer be considered a “Letter of Credit” as defined in subsection 1.1 and any L/C Participating Interests granted by the Issuing Lender to the Lenders
prior to the Closing Date in such Letter of Credit shall be deemed terminated (subject to automatic reinstatement in the event that such cash collateral is returned and the Issuing Lender is not fully reimbursed for any such L/C Obligations) but the
Letter of Credit fees payable under subsection 3.8 shall continue to accrue to the Issuing Lender and the Participating Lenders (or, in the event of any such automatic reinstatement, as provided in subsection 3.8) with respect to such Letter of
Credit until the expiry thereof (provided that in lieu of paying a Letter of Credit fee equal to the Applicable Margin for Revolving Credit Loans which are LIBOR Loans per annum, Borrower shall pay to the Issuing Lender an
amount equal to 0.25% per annum). 
 (b)    In the case of termination of the Revolving
Credit Commitments and/or Incremental Revolving Credit Commitments, interest accrued on the amount of any prepayment relating thereto and any unpaid commitment fee accrued hereunder shall be paid on the date of such

  
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termination. Any such partial reduction of the Revolving Credit Commitments and/or Incremental Revolving Credit Commitments, shall be in an amount of $500,000 or a whole multiple of $100,000 in
excess thereof and shall, in each case, reduce permanently the amount of the Revolving Credit Commitments and/or Incremental Revolving Credit Commitments then in effect. 

(c)    The Tranche B Term Loan Commitments and any Incremental Term Commitments shall be automatically and
permanently reduced upon the making of a Tranche B Term Loan or Incremental Term Loan, as the case may be, by the amount of such Loan. 

4.4.    Optional Prepayments. Subject to subsections 4.7(d) and 4.15, Borrower may at any time and from time to
time prepay Loans, in whole or in part, without premium or penalty, by irrevocable {provided that a notice of optional prepayment may state that such notice is conditional upon the consummation of an acquisition or sale transaction or upon
the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of any other specified event, in which case such notice of prepayment may be revoked by Borrower (by notice to the
Administrative Agent on or prior to the specified date) written notice to the Administrative Agent by 2:00 p.m. New York City time on the Business Day preceding the proposed date of prepayment in the case of Index Rate Loans, and by 2:00 p.m. New
York City time on the third Business Day preceding the proposed date of prepayment in the case of LIBOR Loans, specifying the date and amount of prepayment and whether the prepayment is of Revolving Credit Loans or Term Loans. Upon receipt of such
notice the Administrative Agent shall promptly notify each applicable Lender thereof. If such notice is given, unless revoked due to the failure of a condition expressly set forth in such notice of optional prepayment, as contemplated above,
Borrower shall make such prepayment, and the payment amount specified in such notice shall be due and payable, on the date specified therein. Partial prepayments of Term Loans pursuant to this subsection 4.4 shall be in an aggregate principal amount
equal to the lesser of (a) (i) $500,000 or a whole multiple of $100,000 in excess thereof with respect to LIBOR Loans or (ii) $500,000 or a whole multiple of $100,000 in excess thereof with respect to Index Rate Loans and (b) the aggregate unpaid
principal amount of the Tenn Loans. Partial prepayments of Revolving Credit Loans pursuant to this subsection shall be in an aggregate principal amount equal to the lesser of (a) (i) $500,000 or a whole multiple of $100,000 in excess thereof with
respect to LIBOR Loans or (ii) $500,000 or a whole multiple of $100,000 in excess thereof with respect to Index Rate Loans and (b) the aggregate unpaid principal amount of the Revolving Credit Loans (or the aggregate unpaid principal amount of
Revolving Credit Loans maintained as Index Rate Loans (in the case of a prepayment of such Revolving Credit Loans) or as LIBOR Loans with a single LIBOR Period (in the case of a prepayment of such Revolving Credit Loans)), as the case may be.
Prepayments of the Term Loans pursuant to this subsection 4.4 shall be applied in accordance with subsection 4.7 below. All prepayments under this subsection 4.4 shall be subject to subsections 4.7(d) and 4.15 but otherwise without premium or
penalty and (other than prepayments of Index Rate Revolving Credit Loans that are not made in connection with the termination or permanent reduction of the Revolving Credit Commitments or Incremental Revolving Credit Commitments) shall be
accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment. 

4.5.    Mandatory Prepayments. 

(a)    Cure Amounts. If, subsequent to the Closing Date, Borrower receives a Cure Amount, within
five Business Days of receipt of the Net Proceeds therefrom, Borrower shall prepay outstanding Loans in an amount equal to 50% of such Net Proceeds and such prepayment shall be applied in accordance with subsection 4.7 below. 

(b)    Indebtedness. If, subsequent to the Closing Date, Borrower or any of its Restricted
Subsidiaries shall incur or permit the incurrence of any Indebtedness (including pursuant to 

  
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debt securities which are convertible into, or exchangeable or exercisable for, Capital Stock, but excluding Indebtedness permitted to be incurred under subsection 8.1 (other than Replacement
Term Loans)), within five Business Days of receipt of any Net Proceeds therefrom, Borrower shall prepay outstanding Loans in an amount equal to 100% of such Net Proceeds and such prepayment shall be applied in accordance with subsection 4.7 below.

 (c)    Asset Sales. If, subsequent to the Closing Date, Borrower or any of its Restricted
Subsidiaries shall receive Net Proceeds from any Asset Sale, within five Business Days of receipt of any Net Proceeds therefrom, Borrower shall prepay outstanding Loans in an amount equal to 100% of such Net Proceeds and such prepayment shall be
applied in accordance with subsection 4.7 below; provided that prepayments shall be required pursuant to this subsection 4.5(c) only to the extent that the aggregate amount of Net Proceeds received by Borrower or any of its Restricted
Subsidiaries from any Asset Sales exceeds $7,500,000 (and has not yet been so applied). 

(d)    Casualty Events. If, subsequent to the Closing Date, Borrower or any of its Restricted
Subsidiaries shall receive Net Proceeds from insurance recoveries in respect of any Destruction or any proceeds or awards in respect of any Taking, in each case, in excess of $7,500,000, within five Business Days of receipt of such Net Proceeds,
Borrower shall prepay outstanding Loans in an amount equal to the Net Proceeds thereof in excess of such amount and such prepayment shall be applied in accordance with subsection 4.7 below. 

(e)    Excess Cash Flow. If, for any fiscal year of Borrower commencing with its fiscal year ending
on December 31, 2017, there shall be Excess Cash Flow for such fiscal year, not later than fifteen days following the day by which financial statements have been or are required to be provided to the Lenders pursuant to subsection 7.1(a) for
such fiscal year (such date, the “Excess Cash Flow Prepayment Date”), Borrower shall prepay Loans in an amount equal to 50% of such Excess Cash Flow and such prepayment shall be applied in accordance with subsection 4.7 below;
provided that such percentage shall be reduced to 25% if the Consolidated Total Net Leverage Ratio as of the last day of such fiscal year is less than or equal to 5.00 to 1.00; and provided further that no mandatory prepayment shall be
required under this subsection 4.5(e) if the Consolidated Total Net Leverage Ratio as of the last day of such fiscal year is less than or equal to 3.50 to 1.00. The amount of any mandatory prepayment under this subsection 4.5(e) for any fiscal year
shall be reduced by the amount of Term Loans voluntarily prepaid pursuant to subsection 4.4 during such fiscal year and during the period thereafter through the Excess Cash Flow Prepayment Date (without duplication in subsequent periods) and, solely
to the extent that the amount of the Revolving Credit Commitments are permanently reduced under subsection 4.3(a) in connection therewith, by the amount of any voluntary prepayments of Revolving Credit Loans under subsection 4.4 during such fiscal
year and during the period thereafter through the Excess Cash Flow Prepayment Date (without duplication in subsequent periods) in each case, except to the extent such prepayment is funded with the proceeds of Indebtedness (other than Revolving
Credit Loans) or the proceeds of Permitted Securities. 
 (f)    Borrower shall deliver to the
Administrative Agent, at the time of each prepayment required under this subsection 4.5, (i) a certificate signed by a Responsible Officer of Borrower 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 such prepayment; provided no notice shall be required for prepayments pursuant to clause (e) above. Each notice of prepayment shall specify
the prepayment date, the Type of each Loan being prepaid and the principal amount of each Loan (or portion thereof) to be prepaid. All prepayments under this subsection 4.5 shall be subject to subsection 4.15, but shall otherwise be without premium
or penalty, and shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment. 

  
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 (g)    Notwithstanding any other provisions of this
subsection 4.5, (i) to the extent that all or any portion of any amount otherwise payable pursuant to this Section 4.5 is prohibited or delayed by (1) applicable local Law (including, for the avoidance of doubt,
applicable local Laws relating to financial assistance, corporate benefit, restrictions on upstreaming of cash intra-group and the fiduciary and statutory duties of the directors of the relevant Subsidiaries), (2) the certificate of incorporation,
articles of incorporation, certificate of limited partnership, articles of organization, bylaws, limited liability company agreement, limited partnership agreement or comparable document, as applicable, of the applicable Subsidiary, or (3) any
other material agreement to which the applicable Subsidiary or its assets are bound, from being repatriated to the United States, an amount equal to the portion of such amount so affected will not be required to be applied to repay the Loans at the
times provided in this subsection 4.5 but may be retained by the applicable Subsidiary for so long, but only for so long, as such prohibition on repatriation to the United States is effective (Borrower hereby agreeing to cause the applicable
Subsidiary to promptly take all commercially reasonable efforts (as determined in Borrower’s reasonable business judgment) to overcome or eliminate any such restrictions), and once such repatriation of any of such affected amount is permitted
under the applicable local Law, an amount equal to such portion of such Foreign Repatriation Amount will be promptly (and in any event, not later than two Business Days after such repatriation) applied (net of additional costs, expenses, or taxes
payable or reserved against as a result of such repatriation) to the repayment of the Loans pursuant to this subsection 4.5 to the extent provided herein and (ii) to the extent that Borrower has determined in good faith that repatriation of all
or any portion of the amounts otherwise payable pursuant to this Section 4.5 would have an adverse tax cost (other than de minimis tax consequences) for Holdings, Borrower or its Subsidiaries (and any of their direct or
indirect equityholders) (including in connection with a tax dividend, deemed dividend pursuant to Section 956 of the Code or a withholding tax), taking into account any foreign tax credit or benefit that would be actually realized in connection
with such repatriation were it to take place, the amount of the prepayment required under subsection 4.5(b), (c), (d) or (e), as applicable, shall be reduced by such net cost. The non-inclusion of any amounts
as a consequence of the foregoing provisions will not, for the avoidance of doubt, constitute a Default or an Event of Default, and such amounts shall be available for working capital purposes of Borrower and its Subsidiaries as long as not required
to be prepaid in accordance with the foregoing provisions. 
 4.6.    Repayment of Term Loans. (a) The
Tranche B Term Loans shall be repaid on the last Business Day of each March, June, September and December commencing with December 2016 (each such day, a “Tranche B Installment Payment Date”), in the amounts equal to 0.25% of the
total principal amount of Tranche B Tenn Loans made on the Closing Date (subject to reduction as described in subsection 4.7 or 11.6(k)). 

Amounts repaid on account of the Tranche B Tenn Loans pursuant to this subsection or otherwise may not be reborrowed. Accrued interest on the
amount of any prepayments shall be paid on the date of such prepayment. To the extent not previously paid and not converted into Extended Term Loans, all Tranche B Term Loans shall be due and payable on the Tranche B Maturity Date, together with
accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment. 

(b)    [reserved]. 

(c)    The applicable Incremental Loan Amendment may provide for scheduled repayments of any Incremental
Tenn Loans that are not Tranche B Tenn Loans (each such day, an “Incremental Installment Payment Date”), subject to the requirements of the definition of Incremental Tenn Maturity Date. 

  
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 4.7.    Application of Prepayments. (a) Prepayments of Term
Loans pursuant to subsection 4.4 shall be applied to repay principal owed in direct order of maturity or as otherwise elected by Borrower. Prepayments pursuant to subsection 4.5 shall be applied first, to Term Loans outstanding (except to the
extent that any Loan Modification Offer for any Tranche of Extended Term Loans provides that such Extended Term Loans shall participate on a lesser basis or not at all), second, to the extent no Term Loans remain outstanding, and subject to
clause (c) below, to the Revolving Credit Loans in the amount of the Net Proceeds or Excess Cash Flow remaining to be applied (without a permanent reduction of the Revolving Credit Commitments) and third to the extent no Revolving Credit
Loans remain outstanding, and subject to clause (c) below, to Cash Collateralize any outstanding Letters of Credit. Notwithstanding anything to the contrary herein, Tranche B Term Loans and Incremental Term Loans will share ratably in right of
prepayment pursuant to subsections 4.4 and 4.5 or otherwise, except as provided in subsection 2.3(e)(v). 

(b)    Prepayments of Term Loans pursuant to subsection 4.5 shall be applied pro rata to the
Term Loans based upon the aggregate principal amount of Term Loans then outstanding under each Tranche of Tenn Loans; within each Tranche prepayments will be applied first to the next ten scheduled repayments of the Tenn Loans pursuant to
subsections 4.6(a), (b) or (c) above, as applicable, in direct order of maturity, and second to the remaining scheduled repayments of the Term Loans, and to reduce the payment to be made on the applicable Maturity Date, on a pro rata basis.
Except as otherwise may be directed by Borrower, any prepayment of Loans pursuant to subsection 4.4 or 4.5 shall be applied, first, to any Index Rate Loans of the applicable Tranche then outstanding and the balance of such prepayment, if any,
to the LIBOR Loans of the applicable Tranche then outstanding; provided that if a Lender exercises its right to decline proceeds pursuant to clause (c) below, any prepayments of Loans pursuant to subsection 4.5 shall be applied
pro rata across Index Rate Loans and LIBOR Loans of the applicable Tranche; provided further that prepayments of LIBOR Loans, if not on the last day of the LIBOR Period with respect thereto, shall be prepaid subject to the
provisions of subsection 4.15. 
 (c)    Notwithstanding the foregoing, any Tenn Lender may elect, by
five Business Days’ prior written notice to the Administrative Agent, or at such time and in such manner otherwise specified by the Administrative Agent, to decline all (but not less than all) of any mandatory prepayment (other than a
prepayment pursuant to subsection 4.5(b)) of its Tenn Loans pursuant to subsection 4.5 (such declined amounts, the “Declined Proceeds”). To the extent any Tenn Lenders elect to decline their pro rata shares of such
Declined Proceeds, Borrower shall be entitled to retain such remaining Declined Proceeds. 
 (d)    If,
prior to the third anniversary of the Closing Date, all or any portion of any Tranche B Tenn Loans is prepaid pursuant to Section 4.4 (excluding prepayments to the extent funded with (x) internally generated cash of Borrower and its
Restricted Subsidiaries in an amount not to exceed $7,500,000 in any fiscal year or (y) Declined Proceeds (other than Declined Proceeds of a prepayment pursuant to subsection 4.5(c))) or subsection 4.5(b), then the aggregate principal amount so
prepaid will be subject to a fee payable by Borrower equal to (i) in the case of any such prepayment occurring prior to the first anniversaiy of the Closing Date, 3.0% of the principal amount thereof, (ii) in the case of any such
prepayment occurring on or after the first anniversary of the Closing Date but prior to the second anniversary of the Closing Date, 2.0% of the principal amount thereof and (iii) in the case of any such prepayment occurring on or after the
second anniversary of the Closing Date but prior to the third anniversary of the Closing Date, 1.0% of the principal amount thereof. 

(e)    Notwithstanding any provision herein to the contrary, all proceeds of Collateral and all amounts
collected or received by Administrative Agent, including all payments made by the 

  
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Credit Parties to Administrative Agent, after any or all of the Obligations have been accelerated (so long as such acceleration has not been rescinded), shall be applied as follows: 

(i)    first, to payment of costs and expenses, including attorney costs, of the Administrative
Agent payable or reimbursable by the Credit Parties under the Credit Documents; 

(ii)    second, to payment of all accrued unpaid interest on the Loans and fees owed to the
Administrative Agent, Lenders and the Issuing Lender; 
 (iii)    third, to payment of principal
of the Loans, any obligations under any Secured Swap Agreements and L/C Obligations then due and payable until paid in full and Cash Collateralization of unmatured Letters of Credit to the extent not then due and payable in an amount equal to 103%
of the face amount thereof; provided that such payments pursuant to this clause (iii) shall not constitute a payment In Permanent Reduction of the Revolving Credit Commitments; 

(iv)    fourth, to the payment of all other Obligations owing to the Secured Parties then due and
payable; and 
 (v)    fifth, any remainder shall be for the account of Borrower, 

In carrying out the foregoing, (x) amounts received shall be applied to each category in numerical order until amounts in such category
have been paid in full in cash prior to the application to the next succeeding category and (y) each of the Lenders or other Persons entitled to payment shall receive an amount equal to its pro rata share of amounts available to be applied
pursuant to clauses second, third and fourth above. 
 Notwithstanding the foregoing, amounts received from any Borrower or any Guarantor
that is not a “Eligible Contract Participant” (as defined in the Commodity Exchange Act) shall not be applied to the obligations that are Excluded Swap Obligations. 

(f)    Provisions contained in this subsection 4.7 for application of proceeds of certain transactions
shall not be deemed to constitute consent of the Lenders to transactions that are not otherwise permitted by the terms hereof. 

4.8.    Interest Rates and Payment Dates. (a) LIBOR Loans shall bear interest for each day during each LIBOR
Period applicable thereto, commencing on (and including) the first day of such LIBOR Period to, but excluding, the last day of such LIBOR Period, on the unpaid principal amount thereof at a rate per annum equal to the LIBOR Rate
determined for such LIBOR Period plus the Applicable Margin. 
 (b)    Index Rate Loans shall bear
interest for the period from and including the date such Loans are made to, but excluding, the maturity date thereof, or to, but excluding, the conversion date if such Loans are earlier converted into LIBOR Loans on the impaid principal amount
thereof at a rate per annum equal to the Index Rate plus the Applicable Margin. 

(c)    Upon the occurrence and during the continuance of an Event of Default under subsection 9(A)(a) or
9(A)(f) or at the election of the Supermajority Lenders upon the occurrence and during the continuation of any other Event of Default, the Loans, interest and other obligations shall, 

  
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without limiting the rights of the Lenders under Section 9, bear interest (which shall be payable on demand): (i) in the case of any Loan, at the rate (including the Applicable Margin)
otherwise applicable to such Loan pursuant to this subsection 4.8 plus 2%; and (ii) in all other cases, a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to the Index Rate
and the Applicable Margin for Index Rate Loans that are Revolving Credit Loans plus 2%; provided that no default interest shall accrue or be payable to a Defaulting Lender so long as such Lender shall continue to be a Defaulting Lender. 

(d)    Except as otherwise expressly provided for in this subsection 4.8, interest shall be payable in
arrears (i) for LIBOR Loans, at the end of each LIBOR Period (or, for any LIBOR Period longer than three months, at three month intervals following the first day of such LIBOR Period) and on the final maturity of the Loans, (ii) for Index
Rate Loans, quarterly in arrears on the last Business Day of each March, June, September and December and on the final maturity of the Loans, and (iii) with respect to any Loan, upon prepayment (other than prepayments of Index Rate Revolving Credit
Loans that are not made in connection with the termination or permanent reduction of the Revolving Credit Commitments or Incremental Revolving Credit Commitments). 

4.9.    Computation of Interest. (a) Interest in respect of Index Rate Loans shall be calculated on the basis
of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, and interest on Loans shall in all other cases be calculated on the basis of the actual number of days elapsed over a year of 360 days. The Administrative Agent
shall as soon as practicable notify Borrower and the Lenders of each determination of a LIBOR Rate. Any change in the interest rate on a Loan resulting from a change in the Index Rate or the LIBOR Rate shall become effective as of the opening of
business on the day on which such change in the Index Rate is announced or such change in the LIBOR Rate becomes effective, as the case may be. The Administrative Agent shall as soon as practicable notify Borrower and the Lenders of the effective
date and the amount of each such change. 
 (b)    Each determination of an interest rate by the
Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of Borrower or any Lender, deliver to
Borrower or such Lender a statement showing the quotations used by the Administrative Agent in determining the LIBOR Rate. 

4.10.    Certain Fees. Borrower agrees to pay to the Administrative Agent for its own account and for the account
of the Administrative Agent, to be allocated among the Administrative Agent at their discretion, a non refundable agent’s fee in an amount and at such times as previously agreed to with the Administrative Agent in writing. 

4.11.    Inability to Determine Interest Rate. In the event that the Administrative Agent or the Required Lenders
shall have reasonably determined (which determination shall be conclusive and binding upon Borrower in the absence of manifest error) that (a) by reason of circumstances affecting the interbank eurodollar market, adequate and reasonable means
do not exist for ascertaining the LIBOR Rate for any LIBOR Period with respect to (i) proposed Loans that Borrower has requested be made as LIBOR Loans, (ii) any LIBOR Loans that will result from the requested conversion of all or part of
the Index Rate Loans into LIBOR Loans or (iii) the continuation of any LIBOR Loan as such for an additional LIBOR Period, or (b) Dollar deposits in the relevant amount and for the relevant period with respect to any such LIBOR Loan are not
generally available to the Lenders in their respective LIBOR Lending Offices’ interbank eurodollar markets, the Administrative Agent shall forthwith give telecopy or electronic notice of such determination, confirmed in writing, to Borrower and
the Lenders at least one day prior to, as the case may be, the requested Borrowing Date, the conversion date or the last day of such LIBOR Period. If such notice is given (i) any requested LIBOR Loans shall be made as

  
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Index Rate Loans, (ii) any Index Rate Loans that were to have been converted to LIBOR Loans shall be continued as Index Rate Loans, and (iii) any outstanding LIBOR Loans shall be
converted on the last day of the then current LIBOR Period applicable thereto into Index Rate Loans. Until such notice has been withdrawn by the Administrative Agent, no further LIBOR Loans shall be made and no Index Rate Loans shall be converted to
LIBOR Loans. Upon receipt of such notice, Borrower may revoke any pending request for a LIBOR Loan or a conversion to or continuation of LIBOR Loan or, failing that, will be deemed to have converted such request into a request for an Index Rate Loan
in the amount specified therein. 
 4.12.    Pro Rata Treatment and Payments. (a) Except to the extent
otherwise provided herein, each borrowing of Loans by Borrower from the Lenders and any termination or reduction of the Commitments of the Lenders hereunder shall be made pro rata according to the relevant Commitment Percentages of the Lenders with
respect to the Loans borrowed or the Commitments to be reduced. The provisions of this subsection shall not be construed to apply to (i) any payment or prepayment made by or on behalf of Borrower or any other Credit Party on a non-pro rata basis 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), (ii)
the application of Cash Collateral provided in subsection 3.13, (iii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or L/C Participating Interests to any assignee or
participant or the termination of any Lender’s commitment and non-pro rata repayment of Loans pursuant to subsection 4.17, (iv) transactions in connection with an open market purchase or a “Dutch
auction” or other debt buyback expressly permitted hereunder, or (v) in connection with a transaction pursuant to a Loan Modification Offer or Extension, Incremental Loan Amendment or amendment in connection with Replacement Term Loans.
For the avoidance of doubt, this Section shall not limit the ability of Holdings, Borrower or any Restricted Subsidiary, to the extent expressly permitted by the terms of this Agreement, to (i) purchase and retire Term Loans pursuant to an open
market purchase or a “Dutch auction” or other debt buyback or (ii) pay principal, fees, premiums and interest with respect to Replacement Term Loans, Incremental Loans or Extended Term Loans or Extended Revolving Credit Commitments
following the effectiveness of any amendment with respect to Replacement Term Loans, any Extension Election or Incremental Loan Amendment, as applicable, on a basis different from the Loans of such Class that will continue to be held by Lenders
that were not Extending Tenn Lenders, Lenders with an Extended Revolving Credit Commitment or Lenders pursuant to such Incremental Loan Amendment or amendment with respect to Replacement Tenn Loans, as applicable. 

(b)    Whenever any payment received by the Administrative Agent under this Agreement or any Note or any
other Credit Document is insufficient to pay in full all amounts then due and payable to the Administrative Agent and the Lenders under this Agreement, such payment shall be distributed by the Administrative Agent and applied by the Administrative
Agent and the Lenders in the following order: first, to the payment of fees and expenses due and payable to the Administrative Agent (in such capacity and not in its capacity as a Lender) under and in connection with this Agreement and the
other Credit Documents; second, to the payment of all expenses due and payable under subsection 11.5, ratably among the Lenders in accordance with the aggregate amount of such payments owed to each such Lender; third, to the payment of
fees due and payable under subsections 3.2 and 3.8, ratably among the Lenders in accordance with the Commitment Percentage of each Lender of the Commitment for which such payment is owed and, in the case of the Issuing Lender, the amount retained by
the Issuing Lender for its own account pursuant to subsection 3.8; fourth, to the payment of interest then due and payable on the Loans and the L/C Obligations ratably in accordance with the aggregate amount of interest owed to each such
Lender; and fifth, to the payment of the other Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Obligations due and payable to them on the date of any
such distribution). 

  
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 (c)    All payments (including prepayments) to be made
by Borrower on account of principal, interest and fees shall be made without set-off, counterclaim or other defense and shall be made to the Administrative Agent, for the account of the Issuing Lender or the
Lenders, as the case may be, at the Administrative Agent’s office located at the address set forth in Section 11.2 not later than 1:00 p.m. New York City time, on the date when due, in lawful money of the United States
and in immediately available funds. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest
thereon. The Administrative Agent shall promptly distribute such payments in accordance with the provisions of subsection 4.12(b) upon receipt in like funds as received. If any payment hereunder (other than payments on LIBOR Loans or as otherwise
expressly provided herein) would become due and payable on a day other than a Business Day, such payment shall become due and payable on the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable
at the then applicable rate during such extension. If any payment on a LIBOR Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day (and with respect to payments of
principal, interest thereon shall be payable at the then applicable rate during such extension), unless the result of such extension would be to extend such payment into another calendar month in which event such payment shall be made on the
immediately preceding Business Day. 
 (d)    Unless the Administrative Agent shall have been notified in
writing by any Lender prior to a borrowing that such Lender will not make the amount which would constitute its Commitment Percentage of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is
making such amount available to the Administrative Agent in accordance with subsection 4.1 and the Administrative Agent may, in reliance upon such assumption, make available to Borrower a corresponding amount. If such amount is not made available to
the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the daily average Federal Funds Effective Rate for the
period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this subsection 4.12(d) shall be conclusive
absent manifest error. If such Lender’s Commitment Percentage of such borrowing is not in fact made available to the Administrative Agent by such Lender within three Business Days of such Borrowing Date, the Administrative Agent shall also be
entitled to recover such amount with interest thereon at the rate per annum applicable to Index Rate Loans hereunder (in lieu of any otherwise applicable interest), on demand, from Borrower, without prejudice to any rights which
Borrower or the Administrative Agent may have against such Lender hereunder. Nothing contained in this subsection 4.12 shall relieve any Lender which has failed to make available its ratable portion of any borrowing hereunder from its obligation to
do so in accordance with the terms hereof. 
 (e)    The failure of any Lender to make the Loan to be
made by it on any Borrowing Date shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on such Borrowing Date, 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 such Borrowing Date. 
 4.13.    Illegality. Notwithstanding any other provision herein, if
any Change in Law occurring after the date that any Person becomes a Lender party to this Agreement shall make it unlawful for such Lender to make or maintain LIBOR Loans as contemplated by this Agreement as determined in good faith by such Lender
(such determination shall be made only after consultation with Borrower and the Administrative Agent), the commitment of such Lender hereunder to make LIBOR Loans or to convert all or a portion of Index Rate Loans into LIBOR Loans shall forthwith be
suspended until such time, if any, as such illegality shall no longer exist and such Lender’s Loans then outstanding 

  
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as LIBOR Loans, if any, shall be converted automatically to Index Rate Loans for the duration of the respective LIBOR Periods (or, if permitted by applicable law, at the end of such LIBOR
Periods) and all payments of principal which would otherwise be applied to such LIBOR Loans shall be applied instead to such Lender’s Index Rate Loans. Any such affected Lender shall promptly notify Borrower of such determination;
provided, that the failure to so notify Borrower shall not limit such Lender’s rights hereunder. Borrower hereby agrees to pay any Lender, promptly upon its demand, any amounts payable pursuant to subsection 4.15 in connection with any
conversion in accordance with this subsection 4.13 (such Lender’s notice of such costs, as certified in reasonable detail as to such amounts to Borrower through the Administrative Agent, to be conclusive absent manifest error). 

4.14.    Requirements of Law. (a) In the event that any Change in Law or compliance by any Lender with any
request or directive (whether or not having the force of law) from any central bank or other Governmental Authority occurring after the date that any Lender becomes a party to this Agreement: 

(i)    does or shall impose, modify or hold applicable any reserve (excluding any reserve to the extent
included in the calculation of the LIBOR Rate for any Loans), special deposit, compulsory loan or similar requirement against assets held by, or deposits or other liabilities in or for the account of, advances or loans by, or other credit extended
by, or any other acquisition of funds by, any office of such Lender which are not otherwise included in the determination of the LIBOR Rate; 

(ii)    does or shall impose on such Lender any other condition which is applicable to lenders generally;
and the result of any of the foregoing is to increase the cost to such Lender or its LIBOR Lending Office of making, converting, renewing or maintaining advances or extensions of credit or to reduce any amount receivable hereunder, in each case, in
respect of its LIBOR Loans, then, in any such case, Borrower shall pay such Lender, within fifteen (15) Business days of such written demand, any additional amounts necessary to compensate such Lender for such additional cost or reduced amount
receivable. A certificate setting forth in reasonable detail the amount of such increased costs or reduced amounts, submitted by such Lender to Borrower shall be conclusive absent manifest error; or 

(iii)    subject the Administrative Agent or any Lender to any Taxes (other than (1) Covered Taxes
and (2) Taxes described in the definition of Excluded Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto. 

(b)    If, after the date of this Agreement, any Lender determines that (i) any Change of Law affects
the amount of capital or liquidity required or expected to be maintained by such Lender or any Person controlling such Lender (a “Capital Adequacy Requirement”) and (ii) the amount of capital or liquidity maintained by such
Lender or such Person which is attributable to or based upon the Loans, the Letters of Credit, the Commitments or this Agreement must be increased as a result of such Capital Adequacy Requirement (taking into account such Lender’s or such
Person’s policies with respect to capital adequacy), Borrower shall pay to such Lender or such Person, within fifteen (15) Business Days after demand of such Lender, such amounts as such Lender or such Person shall determine are necessary
to compensate such Lender or such Person for the increased costs to such Lender or such Person of such increased capital or liquidity. A certificate setting forth in reasonable detail the amount of such increased costs, submitted by any Lender to
Borrower shall be conclusive absent manifest error. 

  
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 (c)    Borrower shall not be required to make any payments to any
Lender for any additional amounts pursuant to this subsection 4.14 unless such Lender has given written notice to Borrower, through the Administrative Agent, of its intent to request such payments prior to or within 180 days after the date on which
such Lender became entitled to claim such amounts (provided that if such law has retroactive effect, such 180 day period shall commence on the date such law becomes effective, without giving effect to the retroactivity). Each Lender agrees that,
upon the occurrence of any event giving rise to the operation of paragraph (a) of this subsection 4.14 with respect to such Lender, it will, if requested by Borrower and to the extent permitted by law or by the relevant Governmental Authority,
endeavor in good faith to avoid or minimize the increase in costs or reduction in payments resulting from such event (including, without limitation, endeavoring to change its LIBOR Lending Office); provided that such avoidance or minimization
can be made in such a manner that such Lender, in its reasonable determination, suffers no economic, legal or regulatory disadvantage. 

(d)    (i) Subject to subsection 4.14(d)(iv) and (v) below, all payments by Borrower or any Guarantor to or for the
account of any Lender, Issuing Lender or Administrative Agent hereunder or under any Note shall be made free and clear of, and without deduction or withholding for, any and all Taxes, unless such withholding is required by Law. If Borrower shall be
required by Law to deduct or withhold any Covered Taxes from or in respect of any sum payable hereunder to any Lender, Issuing Lender or Administrative Agent, (a) the sum payable shall be increased as necessary so that after making all required
deductions or withholdings (including deductions or withholdings applicable to additional sums payable under this subsection 4.14(d)) such Lender, Issuing Lender or Administrative Agent (as the case may be) receives an amount equal to the sum it
would have received had no such deductions or withholdings been made, (b) Borrower or the Administrative Agent, as appropriate, shall make such deductions or withholdings, (c) Borrower or the Administrative Agent, as appropriate, shall pay
the full amount deducted or withheld to the relevant authority in accordance with applicable Law and (d) to the extent amounts are withheld and remitted by Borrower, Borrower shall furnish to the Administrative Agent the original copy of a
receipt evidencing payment thereof or other evidence reasonably satisfactory to the Administrative Agent within 30 days after such payment is made. 

(ii)    In addition, and without duplication of amounts described in clause (i), Borrower hereby agrees to
pay, and indemnify and hold harmless the Administrative Agent and each Lender and Issuing Lender from, any Other Taxes. Borrower shall furnish to Administrative Agent the original copy of a receipt evidencing payment of any Other Taxes or other
evidence reasonably satisfactory to the Administrative Agent within 30 days after such payment is made. 

(iii)    Without duplication of amounts paid under clauses (i) and (ii), Borrower and the Guarantors,
jointly and severally, hereby agree to indemnify and hold harmless the Administrative Agent and each Lender and the Issuing Lender for the full amount of Covered Taxes (including, without limitation, any Covered Taxes imposed on amounts payable
under this subsection 4.14(d)) paid by the Administrative Agent or such Lender or the Issuing Lender and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Covered Taxes or Other
Taxes were correctly or legally imposed or asserted by the relevant 

  
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Governmental Authority. Payments due under this indemnification shall be made within 30 days of the date the Administrative Agent or such Lender or the Issuing Lender makes demand therefor. 

(iv)    Each Lender and Issuing Lender shall deliver to Borrower and the Administrative Agent (in such
number of copies as shall be requested by the recipient) on or prior to the date on which such Lender or Issuing Lender becomes a Lender or Issuing Lender under this Agreement (and from time to time thereafter upon the request of Borrower or the
Administrative Agent or upon the expiration or the occurrence of any event requiring a change in the most recent form, certificate or evidence previously delivered), such properly completed and duly executed documentation prescribed by applicable
Laws and such other reasonably requested information as will pennit Borrower and/or the Administrative Agent, as the case may be, (A) to determine whether or not payments made hereunder or under any other Credit Document are subject to Taxes,
(B) to determine, if applicable, the required rate of withholding or deduction and (C)to establish such Person’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of any payments to be made to such
Person pursuant to any Credit Document or otherwise to establish such Person’s status for withholding tax purposes in an applicable jurisdiction (including, if applicable, any documentation necessary to prevent withholding under Sections
1471-1474 of the Code). Without limiting the generality of the foregoing, on or prior to the date on which such Lender or Issuing Lender becomes a Lender or Issuing Lender under this Agreement (and at such other time prescribed above) (I) each
Lender or Issuing Lender that is not a “United States person” (within the meaning of Section 7701(a)(30) of the Code) shall deliver to Borrower and the Administrative Agent two duly completed copies of whichever of the following forms
and certificates is applicable (or applicable successor forms or certificates): U.S. Internal Revenue Service Form W-8BEN or
W-8BEN-E, as applicable (in the case of a Lender claiming treaty benefits), U.S. Internal Revenue Service Form W-8ECI or an
applicable successor form (in the case of a lender claiming an exemption from withholding Tax for income that is effectively connected with a U.S. trade or business), a Portfolio Interest Certificate along with two copies of U.S. Internal Revenue
Service Form W-8BEN or W-8BEN-E, as applicable, (in the case of a Lender claiming the benefit of portfolio interest exemption
under Section 881(c) of the Code) or U.S. Internal Revenue Service W-81MY accompanied by the applicable Internal Revenue Form W-8ECI,
W-8BEN, W-8BEN-E, W-8EXP, Form W-9, Form W-8IMY, Portfolio Interest Certificate or any other required information from each beneficial owner, as applicable (for any Lender receiving a payment for which it is not the beneficial owner for U.S. federal income
tax purposes), and (II) each Lender or Issuing Lender that is a “United States person” (within the meaning of Section 7701 (a)(30) of the Code), shall deliver to Borrower and the Administrative Agent two duly completed copies of
United States Internal Revenue Service Form W-9 (or successor forms); in each case along with such other forms and certificates as may be required in order to establish the legal entitlement of such Lender of
Issuing Lender to a complete exemption from, or a reduced rate of, U.S. federal withholding taxes with respect to interest payments hereunder. 

  
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 (v)    An Administrative Agent that is not a
“United States person” (within the meaning of Section 7701(a)(30) of the Code), shall deliver to Borrower on or prior to the date such Person becomes the Administrative Agent under this Agreement (and from time to time thereafter upon
the request of Borrower or the Administrative Agent or upon the expiration or the occurrence of any event requiring a change in the most recent form, certificate or evidence previously delivered) a withholding certificate (on Internal Revenue
Service Form W-8IMY) that satisfies the requirements of Treasury Regulation Sections 1.1441-l(b)(2)(iv) and 1.1441-1 (e)(3)(v) as
applicable to a U.S. branch that has agreed to be treated as a U.S. person for withholding tax purposes. Each Administrative Agent that is a “United States Person” (within the meaning of Section 7701(a)(30) of the Code), shall deliver
to Borrower on or prior to the date it becomes the Administrative Agent under this Agreement a duly completed United States Internal Revenue Service Form W-9. 

(e)    A certificate in reasonable detail as to any amounts payable under this subsection submitted by such
Lender or Issuing Lender, through the Administrative Agent, to Borrower, shall be conclusive in the absence of manifest error. The covenants contained in this subsection 4.14 shall survive the termination of this Agreement and repayment of the
Loans. 
 (f)    Any Lender or Issuing Lender claiming any additional amounts in respect of Covered Taxes
payable pursuant to this Section 4.14 shall use reasonable efforts (consistent with legal and regulatory restrictions and such Lender’s or Issuing Lenders’ internal policies) to file any certificate or document reasonably requested by
Borrower, if the making of such a filing would avoid the need for or reduce the amount of any such additional amounts and would not, in the sole detennination of such Lender or Issuing Lender, result in any unreimbursed loss, cost or expense to such
Lender or otherwise be disadvantageous to such Lender or issuing Lender other than in a deminimis way. 

(g)    If the Administrative Agent, a Lender or an Issuing Lender determines, in its sole discretion, that
it has received a refund (whether received in cash or as an overpayment applied to a future Tax payment) of any Covered Taxes as to which it has been indemnified by Borrower (or the Guarantors) or with respect to which Borrower (or the Guarantors)
has paid additional amounts pursuant to this Section 4.14, the Administrative Agent, Lender or Issuing Lender, as the case may be, shall pay over the amount of such refund to Borrower (or the Guarantors) net of all out-of-pocket expenses of the Administrative Agent or such Lender or Issuing Lender (including any Covered Taxes imposed with respect to such refund) as is determined by the
Administrative Agent, such Lender or Issuing Lender in good faith in its sole discretion, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that Borrower (or the
Guarantors), upon the request of the Administrative Agent, such Lender or Issuing Lender, agrees to repay the amount paid over to Borrower (or the Guarantors) to the Administrative Agent, or such Lender or Issuing Lender in the event such person is
required to repay such refund to the applicable Governmental Authority. Notwithstanding anything to the contrary in this clause (g), in no event will the Administrative Agent, any Lender or Issuing Lender be required to pay any amount to Borrower
(or the Guarantors) pursuant to this clause (g) the payment of which would place the Administrative Agent, Lender or Issuing Lender in a less favorable net after-Tax position than the Administrative
Agent, Lender or Issuing Lender would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such
Tax had never been paid. This clause shall not be construed to require the Administrative Agent, any Lender or Issuing Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to Borrower
(or the Guarantors) or any other Person. 

  
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 4.15.    Indemnity. Borrower and the Guarantors agree to jointly
and severally indemnify each Lender and to hold such Lender harmless from any loss or expense (but (x) without duplication of any amounts payable as default interest, (y) excluding any loss of anticipated profits and (z) determined
without reference to any interest rate “floor”) which such Lender may sustain or incur as a consequence of (a) default by Borrower in making a borrowing of a LIBOR Loan after Borrower has given a notice in accordance with subsection
4.1 or in making a conversion of Index Rate Loans to LIBOR Loans or in continuing LIBOR Loans as such, in either case, after Borrower has given notice in accordance with subsection 4.2, (b) default by Borrower in making any prepayment of a LIBOR
Loan after Borrower has given a notice in accordance with subsection 4.4 or (c) a payment or prepayment of a LIBOR Loan or conversion (including without limitation, as a result of subsections 4.4, 4.5 or 4.6 and/or a conversion pursuant to
subsection 4.13) of any LIBOR Loan into an Index Rate Loan, in either case on a day which is not the last day of an LIBOR Period with respect thereto, including, but not limited to, any such loss or expense arising from interest or fees payable by
such Lender to lenders of funds obtained by it in order to maintain its LIBOR Loans hereunder (but excluding loss of profit). This covenant shall survive termination of this Agreement and repayment of the Loans. The payment of an amount due
hereunder as a result of Borrower failing to make a borrowing, voluntary payment or conversion after delivering notice of the same shall constitute a cure of any Default arising therefrom. 

4.16.    Repayment of Loans; Evidence of Debt. (a) Borrower hereby unconditionally promises to pay to the
Administrative Agent for the account of each Lender (i) the then unpaid principal amount of each Revolving Credit Loan of such Lender on the Revolving Credit Termination Date and (ii) the principal amount of the Tranche B Term Loan
(including the principal amount of any Incremental Term Loan that is a Tranche B Tenn Loan) of such Lender, in installments, payable on each Tranche B Installment Payment Date, in accordance with subsection 4.6 (or the then unpaid principal amount
of such Tranche B Tenn Loan on the date that the Tranche B Tenn Loans become due and payable pursuant to Section 9). Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans from time to time outstanding from
the Closing Date until payment in full thereof at the rates per annum and on the dates set forth in subsection 4.8. 

(b)    Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing
indebtedness of Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. 

(c)    The Administrative Agent shall maintain the Register pursuant to subsection 11.6(d), and a
subaccount therein for each Lender, in which shall be recorded (i) the amount of each Revolving Credit Loan, Tranche B Term Loan and any Incremental Tenn Loan made hereunder, the Type thereof and each LIBOR Period applicable thereto,
(ii) the amount of any principal or interest due and payable or to become due and payable from Borrower to each Lender hereunder and (iii) both the amount of any sum received by the Administrative Agent hereunder from Borrower and each
Lender’s share thereof. 
 (d)    The entries made in the Register and the accounts of each Lender
maintained pursuant to subsection 4.16(b) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of Borrower therein recorded; provided that the failure of any
Lender or the Administrative Agent to maintain the Register, which shall be promptly corrected, or any such account, or any error therein, shall not in any manner affect the obligation of Borrower to repay (with applicable interest) the Loans made
to Borrower by such Lender or to repay 

  
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any other obligations in accordance with the terms of this Agreement; provided further, that in the event of any conflict between the accounts maintained by each Lender and the Register,
the Register shall control, absent manifest error. 
 (e)    Borrower agrees that, upon the request to
the Administrative Agent by any Lender, Borrower will execute and deliver to such Lender (i) a promissory note of Borrower evidencing the Revolving Credit Loans of such Lender, substantially in the form of Exhibit A with appropriate
insertions as to date and principal amount (a “Revolving Credit Note”), (ii) a promissory note of Borrower evidencing the Tranche B Tenn Loan of such Lender, substantially in the form of Exhibit B with appropriate insertions
as to date and principal amount (a “Tranche B Term Note”) and (iii) a promissory note of Borrower evidencing any Incremental Term Loan of such Lender that is not a Tranche B Term Loan in a form to be agreed in the applicable
Incremental Loan Amendment (an “Incremental Term Note”). 
 4.17.    Replacement of Lenders. In
the event any Lender or the Issuing Lender is a Defaulting Lender, exercises its rights pursuant to subsection 4.13 or requests payments pursuant to subsections 3.9 or 4.14, Borrower may require, at Borrower’s expense (including payment of any
processing fees under subsection 11.6(e)) and subject to subsection 4.15, such Lender or the Issuing Lender to assign, at par plus accrued interest and fees, without recourse all of its interests, rights and obligations hereunder (including all of
its Commitments and the Loans and other amounts at the time owing to it hereunder and its Notes and its interest in the Letters of Credit) to a bank, financial institution or other entity specified by Borrower; provided that (a) such
assignment shall not conflict with or violate any law, rule or regulation or order of any court or other Governmental Authority, (b) Borrower shall have paid to the assigning Lender or the Issuing Lender all monies other than principal,
interest and fees accrued and owing hereunder to it (including pursuant to subsections 3.9, 4.13, 4.14 and 4.15), (c) in the case of a required assignment by the Issuing Lender, the Letters of Credit shall be canceled and returned to the Issuing
Lender, replaced or backstopped with alternate letters of credit reasonably satisfactory to the Administrative Agent, or cash in an amount equal to 103% of the amount available to be drawn under such Letters of Credit shall be deposited to a cash
collateral account established by the Administrative Agent for such purpose and (d) such assignment shall comply with subsection 11.6. Any Lender being replaced pursuant to this subsection 4.17 shall (i) execute and deliver an Assignment
and Assumption with respect to such Lender’s applicable Commitment and outstanding Loans and L/C Participating Interests in respect thereof, and (ii) deliver any Notes evidencing such Loans to Borrower or the Administrative Agent. In
connection with any such replacement, if any such Lender does not execute and deliver to the Administrative Agent a duly executed Assignment and Assumption reflecting such replacement within five Business Days of the date on which the assignee
Lender executes and delivers such Assignment and Assumption to such Lender, then such Lender shall be deemed to have executed and delivered such Assignment and Assumption without any action on the part of the Lender. 

4.18.    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 such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

(i)    Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 

  
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 (ii)    Defaulting Lender Waterfall. Any payment
of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 9 or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to subsection 11.7 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 Issuing Lender hereunder; third, to Cash Collateralize the Issuing Lender’s Fronting
Exposure with respect to such Defaulting Lender in accordance with subsection 3.13; fourth, as Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its
portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and Borrower, to be held in a deposit account and released pro rata in order to (x)
satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuing Lender’s future Fronting Exposure with respect to such Defaulting Lender with
respect to future Letters of Credit issued under this Agreement, in accordance with subsection 3.13; sixth, to the payment of any amounts owing to the Lenders or the Issuing Lender as a result of any judgment of a court of competent
jurisdiction obtained by any Lender or the Issuing Lender 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 exists, to the payment of any
amounts owing to Borrower as a result of any judgment of a court of competent jurisdiction obtained by Borrower 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 Obligation 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 subsection 6.2 were satisfied or waived, such payment shall be applied
solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such
Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations are held by the Lenders pro rata in accordance with the Revolving Credit Commitment Percentages without giving effect to
subsection 4.18(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this subsection 4.18(a)(ii) shall
be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)    Certain Fees. (A) No Defaulting Lender shall be entitled to receive any Commitment
Fee or default rate of interest for any period during which that Lender is a Defaulting Lender (and Borrower shall not be required to pay any such fee or default rate of interest that otherwise would have been required to have been paid to that
Defaulting Lender). 

  
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 (B)    Each Defaulting Lender shall be entitled to
receive L/C Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Revolving Credit Commitment Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant
to subsection 3.13. 
 (C)    With respect to any L/C Fees not required to be paid to any Defaulting
Lender pursuant to clause (B) above, Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting
Lender’s participation in L/C Obligations that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Issuing Lender the amount of any such fee otherwise
payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

(iv)     Reallocation of Participations to Reduce Fronting Exposure. All or any part of such
Defaulting Lender’s participation in L/C Obligations shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment Percentages (calculated without
regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that (x) the conditions set forth in subsection 6.2 are satisfied at the time of such reallocation (and, unless Borrower shall have otherwise notified
the Administrative Agent at such time, Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of
any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such
Non-Defaulting Lender’s increased exposure following such reallocation. 

(b)    Defaulting Lender Cure. If Borrower, the Administrative Agent and the Issuing Lender 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 their Revolving Credit Commitment Percentages (without giving effect to subsection
4.18(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of Borrower while that Lender was a Defaulting
Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver
or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(c)    New Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Lender shall
not be required to issue, extend, renew or increase any Letter of Credit unless such Defaulting Lender’s L/C Obligations have been fully reallocated among the Non-Defaulting Lenders in accordance with
subsection 4.18(a)(iv) or Borrower shall have Cash Collateralized the Issuing Lender’s Fronting Exposure with respect to any such Letter of Credit. 

  
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 (d)    Termination of Defaulting Lender. Borrower
may terminate the unused amount of the Revolving Credit Commitment of any Revolving Credit Lender that is a Defaulting Lender upon not less than three Business Days’ prior notice to the Administrative Agent (which shall promptly notify the
Lenders thereof), and in such event the provisions of subsection 4.18(a)(ii) will apply to all amounts thereafter paid by Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees,
indemnity or other amounts); provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim Borrower, the Administrative Agent, the
Issuing Lender or any Lender may have against such Defaulting Lender. 
 SECTION 5. REPRESENTATIONS AND WARRANTIES 

In order to induce the Lenders to enter into this Agreement and to make the Loans and to induce the Issuing Lender to issue, and the
Participating Lenders to participate in, the Letters of Credit, Borrower hereby represents and warrants to each Lender, the Issuing Lender and the Administrative Agent: 

5.1.    Financial Condition. Borrower has heretofore furnished to the Lenders the unaudited pro forma balance
sheet and related pro forma income statement of Target as of and for the last twelve months ended June 30, 2016, prepared after giving effect to the Transactions as if the Transactions has 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 income) (the “Pro Forma Financial Statements”). Each such Pro Forma Financial Statement shall have been prepared by Borrower based on good faith estimates
and assumptions believed by Borrower to be reasonable at the time made; provided, that such Pro Forma Financial Statement shall not be required to include adjustments for purchase accounting (including adjustments of the type contemplated by
Financial Accounting Standards Board Accounting Standards Codification 805, Business Combinations (formerly SFAS 141R)). Any forecasts of financial performance of Borrower and its Restricted Subsidiaries furnished to the Lenders have been prepared
in good faith by Borrower and based on assumptions believed by Borrower to be reasonable at the time made, it being understood that actual results may vary from such forecasts and that such variations may be material. 

5.2.    No Change. After the Closing Date, there has been no change, development or event which, individually or
when taken together with all other circumstances, changes or events, has had, or could reasonably be expected to have, a Material Adverse Effect. 

5.3.    Existence; Compliance with Law. Each of Holdings, Borrower and its Restricted Subsidiaries (a) is
duly organized and validly existing under the laws of the jurisdiction of its organization, (b) has full power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to
use its corporate name and to own, lease or otherwise hold its properties and assets and to carry on its business as presently conducted other than such franchises, licenses, pennits, authorizations and approvals the lack of which, individually or
in the aggregate, could not reasonably be expected to have a Material Adverse Effect, (c) is duly qualified and in good standing (to the extent such concept is applicable in the applicable jurisdiction) to do business in each jurisdiction in
which the nature of its business or the ownership, leasing or holding of its properties makes such qualification necessary, except such jurisdictions where the failure so to qualify, individually or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect and (d) is in compliance with all applicable statutes, laws, ordinances, rules, orders, permits and regulations of any Governmental Authority or instrumentality, domestic or foreign, except where noncompliance
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  
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 5.4.    Power: Authorization. 

(a)    Each Credit Party has the organizational power and authority to execute, deliver and perform each of
the Credit Documents to which it is a party, and Borrower has the organizational power and authority and legal right to borrow hereunder and to have Letters of Credit issued for its account hereunder. Each Credit Party has taken all necessary
organizational action to authorize the execution, delivery and performance of each of the Credit Documents to which it is or will be a party. 

(b)    No consent or authorization of, or filing with, any Governmental Authority is required in connection
with the execution, delivery or performance by any Credit Party, or for the validity or enforceability in accordance with its terms against any Credit Party, of any Credit Document except for (i) consents, authorizations and filings which have
been obtained or made and are in full force and effect, (ii) such consents, authorizations and filings which the failure to obtain or perform, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect,
(iii) filings and authorizations required by applicable securities laws in connection with the exercise of remedies with respect to pledged investment property and (iv) such filings as are necessary to perfect the Liens of the Lenders
created pursuant to this Agreement and the Security Documents and release existing Liens pursuant to the Existing Credit Agreements. 

5.5.    Enforceable Obligations. This Agreement has been, and each of the other Credit Documents will be, duly
executed and delivered on behalf of each Credit Party that is party thereto. This Agreement constitutes, and each of the other Credit Documents constitute or will constitute, as the case may be, upon execution and delivery thereof, the legal, valid
and binding obligation of each Credit Party that is party thereto, and is enforceable against each Credit Party that is party thereto in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

5.6.    No Legal Bar. None of the execution, delivery or performance by each Credit Party of each Credit Document
to which it is a party and the incurrence and use of the proceeds of the Loans and the issuance of and of drawings under the Letters of Credit (a) will violate any Requirement of Law applicable to or binding upon such Credit Party or any of
their respective properties or assets in any manner which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, (b) will violate any charter, by-law or other
constitutive document applicable to or binding upon such Credit Party, (c) will violate any Contractual Obligation applicable to or binding upon such Credit Party or any of their respective properties or assets, in any manner which,
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, or (d) will result in the creation or imposition of any Lien on any of its properties or assets pursuant to any Requirement of Law applicable to
it, as the case may be, or any of its Contractual Obligations, except for the Liens arising under the Security Documents and Permitted Liens. 

5.7.    No Material Litigation. Except as disclosed in Schedule 5.7, as of the Closing Date, there is no
pending or, to the knowledge of any Credit Party, threatened claim, legal action, arbitration or other legal, governmental, administrative or tax proceeding or any order, complaint, decree or judgment involving or affecting the Transactions,
Borrower or any of its Restricted Subsidiaries or any of their respective properties, assets, operations or businesses which have had, or are reasonably likely to have, a Material Adverse Effect. 

  
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 5.8.    Investment Company Act. No Credit Party is an
“investment company” or a company “controlled” by an “investment company” (as each of the quoted terms is defined or used in the Investment Company Act of 1940, as amended) that is required to be registered under such
Act. 
 5.9.    Federal Regulation. The extensions of credit hereunder will not be used for “buying”
or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as in effect on the Closing Date and from time to time thereafter in effect or for any purpose that violates the
provisions of the regulations of the Board, and the Credit Parties shall not own or hold any “margin stock” as of the Closing Date which, in the aggregate, would constitute a substantial part of the assets of the Credit Parties (taken as a
whole) and not more than 25% of the value (as determined by any reasonable method) of the assets of any Credit Party is represented by margin stock. No Credit Party is subject to regulation under any law or regulation which limits its ability to
incur Indebtedness, other than Regulation X of the Board. 
 5.10.    No Event of Default. No Event of Default
has occurred and is continuing. 
 5.11.    Taxes. Each of Borrower and its Restricted Subsidiaries (including
after giving effect to the Transactions) (a) has timely filed or caused to be timely filed all federal and other material Tax returns, statements, forms and reports (domestic or foreign) which are required to be filed (and all such Tax returns
were true and correct in all material respects when and as filed), (b) has timely paid all material Taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other Taxes, fees or other
charges imposed on it or any of its property by any Governmental Authority (other than with respect to any Taxes (i) the amount of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves
(or other sufficient provisions) in conformity with GAAP have been provided on the books of Borrower or one of its Subsidiaries (including after giving effect to the Transactions), as the case may be, or (ii) the failure of which to pay could
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect) and (c) has not “participated” in a “listed transaction” within the meaning of Treasury Regulation Section 1.6011-4. 
 5.12.    Subsidiaries. After giving effect to the
consummation of the Transactions, the Subsidiaries of Holdings, their jurisdictions of incorporation, the number of shares of each class of their Capital Stock authorized and the number outstanding and the number of shares covered by all outstanding
options, warrants, rights of conversion or purchase and similar rights, and their equity holders, in each case, as of the Closing Date, shall be as set forth on Schedule 5.12. All Capital Stock of each Subsidiary of Holdings (to the extent
owned by Holdings or a Subsidiary of Holdings) (a) that is a corporation is duly and validly issued and is fully paid and non assessable and (b) that is a limited liability company is duly and validly issued without any obligation to make
additional capital contributions 
 5.13.    Ownership of Property; Liens. As of the Closing Date, Borrower does
not own any Fee Property. Each Real Property leased by Borrower and its Restricted Subsidiaries as of the Closing Date is listed on Schedule 5.13 under the heading “Leased Properties” (each, a “Leased Property”).
Each of Borrower and its applicable Restricted Subsidiary has good and marketable title, or a valid leasehold interest in, or otherwise the right to use, all of their respective tangible properties and assets as reflected in the most recent
Subsection 7 Financials (except those assets and properties disposed of in the ordinary course of business or otherwise in compliance with this Agreement since the date of such financial statements) and all respective tangible assets and properties
acquired by Borrower and its Restricted Subsidiaries since such date (except those assets and properties disposed of in the ordinary course of business or otherwise in compliance with this Agreement), in each case, free and clear of all Liens of any
nature whatsoever (other than Liens permitted under subsection 8.2), except (i) Permitted Encumbrances, (ii) as to Leased Property, the terms and provisions of the respective lease therefor,

  
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including the matters set forth on Schedule 5.13, and any matters affecting the fee title and any estate superior to the leasehold estate related thereto, in all cases, except where the
failure to have such title or other interest would not reasonably be expected to have a Material Adverse Effect and (iii) such other defects or matters that in the aggregate could not reasonably be expected to have a Material Adverse Effect.

 5.14.    ERISA. (a) No ERISA Event has occurred or is reasonably expected to occur that, when taken
together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations of all underfunded Pension
Plans (based on the assumptions used for purposes of Accounting Standards Codification Subtopic 715-30) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair
market value of the assets of all such underfunded Pension Plans by an amount that could reasonably be expected to have a Material Adverse Effect. Each Employee Benefit Plan is in compliance in all material respects with presently applicable
provisions of its terms, ERISA and the Code, except to the extent any noncompliance could not reasonably be expected to have a Material Adverse Effect. There are no pending or, to the knowledge of any Credit Party, threatened claims (other than
routine claims for benefits), actions or lawsuits, or action by any Governmental Authority, with respect to any Employee Benefit Plan that could reasonably be expected to have a Material Adverse Effect. 

(b)    Neither Borrower nor any of its Restricted Subsidiaries maintains or contributes to any benefit
plan, program, policy, arrangement or agreement with respect to employees (or former employees) employed outside the United States under which Borrower or any of its Restricted Subsidiaries could be reasonably expected to incur any Liability having
a Material Adverse Effect. 
 5.15.    Collateral Documents. (a) As of the Closing Date, the Security
Documents are effective to create in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable Lien on and security interest in all rights, title and interest of the Credit Parties in the
Collateral consisting of pledged securities described therein and, when certificates representing or constituting the certificated pledged securities described in the Guarantee and Collateral Agreement are delivered to the Administrative Agent, such
security interest shall constitute a perfected first priority Lien (subject to non-consensual Permitted Liens) on, and security interest in, all right, title and interest of the pledgor party thereto in the
pledged securities described therein (to the extent such matter is governed by the law of the United States or a jurisdiction therein). 

(b)     As of the Closing Date, the Security Documents are effective to create in favor of the
Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable Lien on and security interest in all right, title and interest of the Credit Parties in the Collateral described therein (to the extent such matter
is governed by the law of the United States or a jurisdiction therein), and upon the filing of any UCC financing statements delivered to the Administrative Agent for filing and such other filings referenced in subsection 5.15(d), and upon the taking
of possession or control by the Administrative Agent of any such collateral the security interests in which may be perfected only by possession or control (to the extent possession or control by the Administrative Agent is required by the Guarantee
and Collateral Agreement), such security interests, subject to the existence of Permitted Liens, constitute perfected first priority Liens on, and security interests in, all right, title and interest of the debtor party thereto in the Collateral
described therein under the laws of the United States or a jurisdiction therein, except to the extent that a security interest cannot be perfected therein by the filing of a financing statement or the taking of possession under the UCC of the
relevant jurisdiction (or, if a security interest can be perfected only by possession or control, to the extent possession or control by the Administrative Agent is not required pursuant to the Guarantee and Collateral Agreement); provided,
however, that additional filings may be necessary to 

  
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perfect the Administrative Agent’s security interest in any Intellectual Property of Borrower or any of its Subsidiaries included in the Collateral after the Closing Date. Each Credit Party
has good and marketable title, valid leasehold interests in (or, in the case of Intellectual Property, a valid license to use) or otherwise the right to use to all Collateral pledged by it under the Guarantee and Collateral Agreement, free and clear
of all Liens except those described above in this clause (b) and except for Permitted Liens. 

(c)    Each Mortgage, when executed and delivered, will be effective to create in favor of the
Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in and Lien on the rights, title and interest of the applicable Credit Party thereto in the Collateral described therein (subject
to applicable bankruptcy, insolvency, reorganization, moratorium or other Laws relating to or affecting creditors’ rights and remedies generally from time to time in effect and subject to capital maintenance rules and general principles of
equity, regardless of whether considered in a proceeding in equity or at law), and upon proper recording of the Mortgages delivered to the Administrative Agent for recording (or, in the case of a Mortgage delivered pursuant to subsection 7.8, the
jurisdiction in which the property covered by such Mortgage is located), such security interests and Lien will, subject to the existence of Permitted Encumbrances and other Permitted Liens, constitute first priority liens on, and perfected security
interests in, all rights, title and interest of the debtor party thereto in the collateral described therein. 

(d)    The recordation of the Guarantee and Collateral Agreement (or a short form thereof) in issued,
registered or applied for U.S. Patents and U.S. federal Trademarks owned by a Credit Party in the United States Patent and Trademark Office together with filings on Form UCC-1 made pursuant to the Guarantee
and Collateral Agreement are effective, under applicable law of the United States, to perfect the security interest, as collateral security for the payment and performance of the Loans and the other Obligations, granted to the Administrative Agent
for the benefit of the Secured Parties in the registered trademarks and patents covered by such Guarantee and Collateral Agreement in U.S. Patents and Trademarks and the recordation of the Guarantee and Collateral Agreement (or a short form thereof)
in U.S. registered Copyrights owned by a Credit Party with the United States Copyright Office together with filings on Form UCC-1 made pursuant to the Guarantee and Collateral Agreement are effective under
U.S. federal law to perfect the security interest, as collateral security for the payment and performance of the Loans and the other Obligations, granted to the Administrative Agent for the benefit of the Secured Parties in the registered copyrights
covered by such Guarantee and Collateral Agreement in U.S. Copyrights; provided, however, that additional filings may be necessary to perfect the Administrative Agent’s security interest in any Intellectual Property of Borrower or any of
its Subsidiaries included in the Collateral after the Closing Date. 
 5.16.    Copyrights, Patents, Permits,
Trademarks and Licenses. Except as disclosed in Schedules 13 A and 13B of the Perfection Certificate, as of the Closing Date, Borrower or one of its Restricted Subsidiaries owns (free and clear of all Liens other than Permitted Liens) or has the
right to use all Intellectual Property that is necessary for the operation of the business of Borrower and its Subsidiaries, including, without limitation, the Intellectual Property and applications therefor referred to in such schedule, except to
the extent that the failure to own or have the right to use could not reasonably be expected to have a Material Adverse Effect. The operation of the business of Borrower and its Subsidiaries does not infringe or violate any Intellectual Property
rights of a third party (“Third Party Intellectual Property”) or constitute a misappropriation of any subject matter of any Third Party Intellectual Property, except to the extent that such infringement, violation or
misappropriation could not reasonably be expected to have a Material Adverse Effect. Except as disclosed in Schedules 13A and 13B of the Perfection Certificate, no claims are pending or, to the knowledge of Borrower or any of its
Subsidiaries, threatened against Borrower or any of its Subsidiaries by any Person with respect to (i) the ownership, validity, enforceability or Borrower’s or any of its Restricted Subsidiary’s use of such

  
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Intellectual Property or applications therefor, (ii) challenging or questioning the validity or effectiveness of any of the foregoing, in any jurisdiction, domestic or foreign, or
(iii) infringement or violation of any Third Party Intellectual Property or misappropriation of the subject matter of any Third Party Intellectual Property, except to the extent such claims individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect. 
 5.17.    Environmental Matters. Except insofar as any
exceptions to the following, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect: 

(a)    Borrower and its Restricted Subsidiaries are in compliance with all applicable Environmental Laws
and Environmental Permits required for their respective operations and the occupation of their respective facilities and have obtained and maintain in full force and effect all Environmental Permits required for their respective operations and the
occupation of their respective facilities; 
 (b)    no actions are pending, or to the knowledge of any
Credit Party, threatened to revoke, cancel, limit, terminate, modify, appeal or otherwise challenge any Environmental Permits maintained by Borrower or any of its Restricted Subsidiaries; 

(c)    there are no Hazardous Materials in amounts or concentrations that constitute a violation of, or
could reasonably be expected to give rise to liability of Borrower or its Restricted Subsidiaries under, Environmental Laws at, on or under the properties currently or, to the knowledge of any Credit Party, formerly owned, leased or otherwise
operated by Borrower or any of its Restricted Subsidiaries; 
 (d)    there are no facts, circumstances
or conditions that could reasonably be expected to (i) result in a violation of any Environmental Law by Borrower or any of its Restricted Subsidiaries that could interfere with the continued operation of, or impair the otherwise fair saleable
value of the properties owned, leased or otherwise operated by Borrower or any of its Restricted Subsidiaries or (ii) result in a violation by Borrower or any of its Restricted Subsidiaries of, or otherwise give rise to liability on the part of
Borrower or any of its Restricted Subsidiaries under, any Environmental Laws; 
 (e)    neither Borrower
nor any of its Restricted Subsidiaries has received notice of or is aware of any complaint, notice of violation, alleged violation or notice of investigation or of potential liability under Environmental Laws with regard to Borrower or any of its
Restricted Subsidiaries, including related to any properties currently or formerly owned, leased or otherwise operated by any of them, nor does any Credit Party have knowledge that any such action is being threatened; 

(f)    there are no administrative actions or judicial proceedings pending or, to the knowledge of any
Credit Party, threatened under any Environmental Law to which Borrower or any of its Restricted Subsidiaries is or could reasonably be expected to be a party, nor are there any consent decrees, consent orders, administrative orders or other orders,
decrees or agreements to which Borrower or any of its Restricted Subsidiaries is a party, which could reasonably be expected to result in liability or costs on the part of Borrower or any of its Restricted Subsidiaries under any Environmental
Law; 
 (g)    no Lien has been recorded or, to the knowledge of any Credit Party, threatened under any
Environmental Law with respect to any Fee Property or assets of Borrower or any of its Restricted Subsidiaries, and no Lien has been recorded or, to the knowledge of any Credit Party, threatened under any Environmental Law with respect to any other
Real Property of Borrower or any of its Restricted Subsidiaries that could reasonably be expected to result in liability or costs on the part of Borrower or any of its Restricted Subsidiaries under any Environmental Law; 

  
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 (h)    no Fee Property is (x) listed or, to the
knowledge of any Credit Party proposed for listing, on the National Priorities List promulgated pursuant to the United States Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (“CERCLA”), or
(y) listed on the Comprehensive Environmental Response, Compensation, and Liability Information System List promulgated pursuant to CERCLA, or (z) included on any similar list maintained by any Governmental Authority, and, to the knowledge
of any Credit Party, there is no such listing, or to the knowledge of any Credit Party proposed listing, with respect to any other Real Property of Borrower or any of its Restricted Subsidiaries that could reasonably be expected to result in
liability or costs on the part of Borrower or any of its Restricted Subsidiaries under any Environmental Law; and 

(i)    neither Borrower nor any of its Restricted Subsidiaries is currently conducting any investigatory,
response or other corrective action pursuant to any applicable Environmental Law at any Real Property or at any other location, to the extent any such investigatory, response or other corrective action could reasonably be expected to result in a
liability to Borrower or any of its Restricted Subsidiaries, nor has any of Borrower or any of its Restricted Subsidiaries assumed by contract, agreement or operation of law any obligation of any other Person under any Environmental Law. 

5.18.    Accuracy and Completeness of Information. All factual information heretofore or contemporaneously
furnished by or on behalf of Borrower or any of its Restricted Subsidiaries to the Administrative Agent, the Issuing Lender or any Lender in writing (excluding projections, estimates, budgets and other forward-looking and information of a general
economic or industry nature) relating to Borrower and its Subsidiaries for purposes of or in connection with this Agreement do not, when furnished, when taken as a whole, contain any untrue statement of a material fact or omit to state a material
fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements were made at such time in light of the circumstances under which such information was provided
(giving effect to all updates and supplements thereto); provided that, with respect to projections, Borrower represents only that the projections contained in such materials have been prepared in good faith based upon assumptions believed by
Borrower to be reasonable at the time made (it being understood and agreed that financial projections are not to be viewed as facts and are not a guarantee of financial performance and actual results may differ from financial projections and such
differences may be material). 
 5.19.    Labor Matters. There is (i) no unfair labor practice complaint
pending against Borrower or any of its Restricted Subsidiaries or, to the knowledge of any Credit Party, threatened against Borrower or any of its Restricted Subsidiaries, before the National Labor Relations Board or any other Governmental
Authority, and no grievance or arbitration proceeding arising out of or under any collective bargaining agreement is so pending against Borrower or any of its Restricted Subsidiaries or, to the knowledge of any Credit Party after due inquiry,
threatened against Borrower or any of its Restricted Subsidiaries, and (ii) no strike, labor dispute, slowdown or stoppage pending against Borrower or any of its Restricted Subsidiaries or, to the knowledge of any Credit Party, after due
inquiry, threatened against Borrower or any of its Restricted Subsidiaries, except such as could not, with respect to any matter specified in clause (i) or (ii) above, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. 
 5.20.    Solvency. As of the Closing Date, immediately before and after giving effect to the
consummation of the Transactions, Holdings and its Subsidiaries on a consolidated basis are Solvent. 

  
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 5.21.    Use of Proceeds. Holdings and Borrower will use the
proceeds of the Tranche B Term Loans and Revolving Credit Loans solely for the purposes set forth in subsections 2.1 and 3.3. Holdings and Borrower will use the proceeds of any Incremental Loan solely for the purposes set forth in subsection 2.3(a)
and as may be further set forth in the related Incremental Loan Amendment. 
 5.22.    Insurance. The properties
of Borrower and its Restricted Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of Borrower or its Restricted Subsidiaries, 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 Holdings, Borrower and its Restricted Subsidiaries operate, as reasonably determined by management of Borrower. 

5.23.    Reserved. 

5.24.    PATRIOT Act; FCPA. 

(a)    To the extent applicable, each of Holdings, Borrower and its Subsidiaries is in compliance, in all
material respects, with (a) the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B Chapter V, as amended) and any other enabling legislation or executive
order relating thereto, (b) the PATRIOT Act and (c) other federal or state laws relating to “know your customer” and anti-money laundering rules and regulations. 

(b)    No part of the proceeds of any Loan will be used directly or indirectly for any payments to any
government official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in
violation of the United States Foreign Corrupt Practices Act of 1977. 
 5.25.    Foreign Assets Control Regulations
and Anti-Money Laundering. Neither Holdings nor Borrower will knowingly use the proceeds of any Loans or otherwise make available such proceeds to any Person for the purpose of financing the activities of any Person subject to any U.S. sanctions
administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) in violation of OFAC. 

5.26.    Status of Holdings. Holdings has not engaged in any business activities and does not have any properties
or liabilities other than as permitted by subsection 8.8. 
 SECTION 6. CONDITIONS PRECEDENT 

6.1.     Conditions Precedent on the Closing Date. The obligations of the Lenders to make the Loans comprising the
initial Borrowings are subject to the receipt by the Administrative Agent of all documentation listed below and the satisfaction (or waiver) of all other conditions listed below. 

(a)    Principal Credit Documents. 

(i)    This Agreement, duly executed by Borrower and Holdings; 

(ii)    Revolving Credit Notes and Term Loan Notes, duly executed by Borrower, payable to each Revolving
Credit Lender or Term Lender, as applicable, so requesting such note at least two Business Days in advance of the Closing Date; 

  
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 (iii)    The Guarantee and Collateral Agreement, in
substantially the form of Exhibit F attached hereto, duly executed by each of the Credit Parties; and 

(iv)    The completed Perfection Certificate, duly executed by Borrower. 

(b)    Borrower’s Organizational Documents. 

(i)    The certificate of formation of Borrower, certified as of a recent date prior to the Closing Date
by the Secretary of State of the State of Delaware; 
 (ii)    A certificate of the Secretary or an
Assistant Secretary of Borrower, dated the Closing Date, certifying (A) that attached thereto is a true and correct copy of the certificate of formation and limited liability company agreement of Borrower as in effect on the Closing Date and at
all times since a date prior to the date of the resolutions described in clause (B) below; (B) that attached thereto are true and correct copies of resolutions duly adopted by the Board of Directors of Borrower and continuing in effect, which
authorize the execution, delivery and performance by Borrower of this Agreement and the other Credit Documents executed or to be executed by Borrower and the consummation of the transactions contemplated hereby and thereby and that such resolutions
have not been modified, rescinded or amended and are in full force and effect; (C) that the certificate of formation of Borrower have not been amended since the date of the last amendment thereto shown on the certificate or articles of
incorporation furnished pursuant to clause (A) above, and (D) as to the incumbency, signatures and authority of the officers of Borrower authorized to execute and deliver the Credit Documents and all other documents, instruments or
agreements related thereto executed or to be executed by Borrower; and 
 (iii)    A certificate of good
standing (or comparable certificate) for Borrower, certified as of a recent date prior to the Closing Date by the Secretary of State of the State of Delaware. 

(c)    Holdings Organizational Documents. 

(i)    The certificate or articles of incorporation of Holdings, certified as of a recent date prior to
the Closing Date by the Secretary of State of the State of Delaware; 
 (ii)    A certificate of the
Secretary or an Assistant Secretary (or comparable officer) of Holdings, dated the Closing Date, certifying (A) that attached thereto is a true and correct copy of the certificate or articles of incorporation and bylaws of Holdings as in effect
on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below; (B) that attached thereto are true and correct copies of 

  
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resolutions duly adopted by the Board of Directors of Holdings and continuing in effect, which authorize the execution, delivery and performance by Holdings of this Agreement and the other Credit
Documents executed or to be executed by Holdings and the consummation of the transactions contemplated hereby and thereby and that such resolutions have not been modified, rescinded or amended and are in full force and effect; (C) that the
certificate or articles of incorporation of Holdings have not been amended since the date of the last amendment thereto shown on the certificate or articles of incorporation furnished pursuant to clause (A) above, and (D) the incumbency,
signatures and authority of the officers of Holdings authorized to execute and deliver the Credit Documents to be executed by such Person; and 

(iii)    A certificate of good standing (or comparable certificate) for each Guarantor, certified as of a
recent date prior to the Closing Date by the Secretary of State of the State of Delaware. 

(d)    Subsidiary Guarantors Organizational Documents. 

(i)    The certificate or articles of incorporation of each Subsidiary Guarantor, certified as of a recent
date prior to the Closing Date by the Secretary of State (or comparable public official) of such Person’s jurisdiction of incorporation or formation; 

(ii)    A certificate of the Secretary or an Assistant Secretary (or comparable officer) of each
Subsidiary Guarantor, dated the Closing Date, certifying (A) that attached thereto is a true and correct copy of the certificate or articles of incorporation and bylaws of each Subsidiary Guarantor as in effect on the Closing Date and at all
times since a date prior to the date of the resolutions described in clause (B) below; (B) that attached thereto are true and correct copies of resolutions duly adopted by the Board of Directors of each Subsidiary Guarantor and continuing in
effect, which authorize the execution, delivery and performance by Holdings of this Agreement and the other Credit Documents executed or to be executed by each Subsidiary Guarantor and the consummation of the transactions contemplated hereby and
thereby and that such resolutions have not been modified, rescinded or amended and are in foil force and effect; (C) that the certificate or articles of incorporation of each Subsidiary Guarantor have not been amended since the date of the last
amendment thereto shown on the certificate or articles of incorporation furnished pursuant to clause (A) above, and (D) the incumbency, signatures and authority of the officers of each Subsidiary Guarantor authorized to execute and deliver
the Credit Documents to be executed by such Person; and 
 (iii)    A certificate of good standing (or
comparable certificate) for each Guarantor, certified as of a recent date prior to the Closing Date by the Secretary of State (or comparable official) of such Person’s jurisdiction of incorporation or formation. 

(e)    Financial Statements, Financial Condition, Etc. 

(i)    A copy of the (A) audited balance sheets and related statements of operations, owners’
equity and cash flows of Target for the fiscal year ending December 31, 2015, (B) unaudited balance sheets and related Statements of operations of Target for the six months ended June 30, 2016 and (C) the Pro Forma Financial
Statements; 

  
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 (ii)    A certificate of a financial officer of
Borrower, in substantially the form attached as Exhibit L hereto, certifying that Borrower and its Subsidiaries, on a consolidated basis, after giving effect to the Transactions, are Solvent. 

(f)    Other Collateral Documents. 

(i)    A payoff letters) with respect to Indebtedness of Target and its Subsidiaries under the Existing
Credit Agreements. Immediately after giving effect to the Transactions and the other transactions contemplated hereby, (A) all principal, premium, if any, interest, fees and other amounts due under the Existing Credit Agreements shall have been
repaid in full (other than contingent indemnity obligations for which no claim has been made), the commitments thereunder terminated, and all guarantees and security in support thereof shall be discharged and released and (B) Holdings, Borrower
and the Subsidiaries shall have outstanding no Indebtedness other than Indebtedness outstanding under this Agreement and Indebtedness set forth on Schedule 8.1(a). 

(ii)    The original certificates representing all of the outstanding certificated Capital Stock of
(A) Borrower, together with an undated stock power duly executed by Holdings in blank and attached thereto and (B) each Subsidiary Guarantor, together with an undated stock power duly executed by Borrower in blank and attached thereto.

 (iii)    The results of a search of the Uniform Commercial Code filings (or equivalent filings) made
with respect to the Credit Parties in the states of formation of such Persons, together with copies of the financing statements (or similar documents) disclosed by such search. 

(g)    Opinions. Opinions, dated the Closing Date, in form and substance reasonably satisfactory to the
Administrative Agent, from Kirkland & Ellis LLP, counsel to the Credit Parties, and Perkins Coie LLP, special Idaho counsel to the Credit Parties. 

(h)    Other Items. 

(i)    A duly completed Notice of Loan Borrowing for Revolving Credit Loans, to the extent any Revolving
Credit Loans are requested to be made to Borrower on the Closing Date; 
 (ii)    A duly completed
Notice of Loan Borrowing for the Tenn Loans; 
 (iii)    There shall not have occurred any Closing Date
Material Adverse Effect since July 26, 2016; 

  
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 (iv)    A certificate of a Responsible Officer of
Borrower dated the Closing Date certifying that the condition set forth in subsection 6.2(c)(i) with respect to the Specified Representations shall have been satisfied; 

(v)    So long as requested at least ten (10) business days prior to the Closing Date, the
Administrative Agent shall have received, at least three (3) days prior to the Closing Date, all documentation and other information required by regulatory authorities concerning Borrower and the Guarantors under applicable “know your
customer” and anti-money laundering rules and regulations, including the PATRIOT Act; 

(vi)    All fees and expenses due to the Lenders and the Administrative Agent on the Closing Date shall
have been paid, or will be paid from the proceeds of initial funding of the Loans on the Closing Date (including fees and expenses of counsel to the Lenders in each case, invoiced three (3) days prior to the Closing Date in reasonable detail
with supporting documentation); 
 (vii)    The Administrative Agent shall have, for the benefit of the
Secured Parties, a first priority security interest (subject to Permitted Liens) in all Collateral in which a lien can be perfected by (i) the filing of a Uniform Commercial Code financing statement, and/or (ii) the taking of possession of
the Collateral referred to in subsection 6.1 (f)(ii); and 
 (viii)    Prior to, or substantially
simultaneous with, the initial advances under the Tranche B Tenn Loan Facility contemplated by subsection 2.1 and the Revolving Credit Loans contemplated by subsection 3.3, (1) Holdings shall have received gross cash proceeds from the Equity
Contribution, which gross cash proceeds of the Equity Contribution shall not be less than 60% of the total capitalization of Holdings and its Subsidiaries (after giving effect to the Transactions) and (2) the Merger shall have been consummated
in accordance in all material respects with the tenns of the Merger Agreement (without any amendments, modification or waiver of any provision thereof that would be materially adverse to the Lenders in their capacities as Lenders without the consent
of the initial Lenders (it being understood and agreed that (i) any increase in the consideration for the Merger shall not be deemed to be materially adverse to the interests of the Lenders so long as such increase in consideration (1) is
pursuant to any purchase price or similar adjustment provisions set forth in the Merger Agreement as of July 26, 2016 or (2) is not funded with additional indebtedness), (ii) the following decreases in the consideration for the Merger
shall not be deemed to be materially adverse to the interests of the Lenders: (x) decreases pursuant to any purchase price or similar adjustment provisions set forth in the Merger Agreement as of July 26, 2016 and (y) decreases of
less than 15% of the purchase price to the extent such decreases are applied first, to reduce the Equity Contribution to a percentage not less than 60% of the total pro forma capitalization of Holdings and its Subsidiaries and second, to reduce the
amount of the Tranche B Tenn Loan Commitments and the Equity Contribution on a pro rata basis and (iii) any amendment, modification or waiver of the definition of “Material Adverse Effect” (as defined in the Merger Agreement as in
effect on July 26, 2016) or any component definition thereof shall be deemed materially adverse to the Lenders; provided that in each case the initial Lenders 

  
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shall be deemed to have consented to such modification, amendment, waiver or consent unless they shall object thereto within 3 business days of receipt of written notice of such modification,
amendment, consent or waiver). 
 6.2.    Conditions to All Loans and Letters of Credit. The obligation of each
Lender to make any Loan (other than any Revolving Credit Loan to be made as contemplated by subsections 3.7(b) and (c)) and the Issuing Lender to issue any Letter of Credit is subject to the fiirther conditions that: 

(a)    Borrower shall have delivered to the Administrative Agent and, if applicable, the Issuing Lender,
the Borrowing Notice or L/C Application, as the case may be, for such Loan or Letter of Credit, as applicable, in accordance with this Agreement. 

(b)    Other than in connection with any Loan or Letter of Credit made or issued on (i) the Closing
Date or (ii) any Increased Amount Date, if the proceeds of the Incremental Facilities are being used to finance a Permitted Acquisition or other Investment that is subject to customary “funds certain provisions”, no Default or Event
of Default shall have occurred and be continuing on such Borrowing Date or after giving effect to such Loan to be made or such Letter of Credit to be issued on such Borrowing Date. 

(c)    On the relevant Borrowing Date, after giving effect to such Loan or Letter of Credit, as applicable,
the following shall be true and correct: 
 (i)    with respect to the initial borrowing on the Closing
Date only, the Company Representations and the Specified Representations shall be true and correct in all material respects; provided that each reference in such representation or warranty to “Material Adverse Effect” shall be
deemed to be “Closing Date Material Adverse Effect”; 
 (ii)    with respect to any borrowing
under an Incremental Facility in order to effect a Permitted Acquisition or other Investment that is subject to customary “funds certain provisions”, the Permitted Acquisition Company Representations and the Specified Representations shall
be true and correct in all material respects; provided that each reference in such representation or warranty to “Material Adverse Effect” shall be deemed to be “Material Adverse Effect”, “Company Material Adverse
Effect” or like term as defined in the applicable Permitted Acquisition Agreement; and 

(iii)    with respect to each Borrowing or issuance of Letter of Credit, other than as set forth in
clauses (i) or (ii) above, the representations and warranties of Borrower and its Restricted Subsidiaries set forth in Section 6 and in the other Credit Documents shall be true and correct in all material respects, except to the extent
that such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided that, if a
representation and warranty is qualified as to materiality, the materiality qualifier set forth above shall be disregarded with respect to such representation and warranty for purposes of this condition. 

  
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 SECTION 7. AFFIRMATIVE COVENANTS 

Borrower hereby agrees that, so long as any of the Commitments remain in effect, any Loan, Note or L/C Obligation remains outstanding and
unpaid, any amount remains available to be drawn under any Letter of Credit (unless cash in an amount equal to 103% of such amount has been deposited to a cash collateral account established by the Administrative Agent or such Letters of Credit have
been replaced or backstopped with alternate letters of credit reasonably satisfactory to the Administrative Agent) or any other amount is owing to any Lender, the Administrative Agent or the Administrative Agent hereunder or under any of the other
Credit Documents, Borrower shall, and shall cause each of its Restricted Subsidiaries to: 
 7.1. Financial Statements. Furnish to
the Administrative Agent (which the Administrative Agent shall deliver promptly to each Lender via an E-System or other means in its discretion): 

(a)    within 120 days after the end of each fiscal year of Borrower (or, with respect to the fiscal year
ended December 31, 2016, 135 days), a copy of the consolidated balance sheet of Borrower and its Subsidiaries, in each case as at the end of such fiscal year and the related consolidated statements of operations, stockholders’ equity and
cash flows for such fiscal year, setting forth in comparative form the figures for the previous year and accompanied by a report thereon, without an explanatory note or statement expressing doubt about the ability of Borrower and its Subsidiaries to
continue as a going concern (other than any “going concern” or like qualification or exception due solely to the fact that any Loans will become due at their stated maturity or any prospective or actual inability to satisfy the covenant
under Section 8.9) or qualification arising out of the scope of the audit, of Eide Bailley or any other independent certified public accountants of nationally recognized standing or such other independent certified public accountants reasonably
acceptable to the Administrative Agent; 
 (b)    not later than 45 days after the end of each fiscal
quarter (beginning with the fiscal quarter ending September 30, 2016) of each fiscal year of Borrower (or, with respect to (x) the first two fiscal quarters to occur after the Closing Date, 75 days and (y) the fiscal quarters ending
March 31, 2017 and June 30, 2017, 60 days), the unaudited consolidated balance sheet of Borrower and its Subsidiaries, in each case as at the end of each such quarter and the related unaudited consolidated statements of operations and cash
flows for such quarterly period and the portion of the fiscal year of Borrower through such date, setting forth, to the extent applicable, beginning with the fiscal quarter ended March 31, 2018, in comparative form the figures for the
corresponding quarter in, and year to date portion of, the previous year, and the figures for such periods in the budget prepared by Borrower and furnished to the Administrative Agent, certified by Borrower in an Officer’s Certificate executed
on its behalf by a Responsible Officer of Borrower as fairly presenting in all material respects the consolidated financial position of Borrower and its Subsidiaries as at the dates indicated and the results of their operations and cash flow for the
periods indicated in accordance with GAAP (subject to the absence of footnote disclosure and normal year-end audit adjustments) in all material respects; provided, that notwithstanding the foregoing,
(x) the financial statements delivered pursuant to this subsection 7.1(b) for the fiscal quarters ended September 30, 2016 and December 31, 2016 shall (I) only be required to consolidate the Borrower and its Domestic Subsidiaries
(including, for the avoidance of doubt, the impact of the UK Subsidiary Markup within the statement of operations) and, if such consolidated financial statements of the Borrower and its Domestic Subsidiaries are provided, the Borrower shall also
provide detail of the calculation of the UK Subsidiary Markup applicable to the statement of operations, (II) include in comparative form the figures for Borrower and its Domestic Subsidiaries for the corresponding quarter in, and year to date
portion of, the previous year with similar detail of the calculation of the UK Subsidiary Markup applicable to the statement of operations 

  
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and (III) state (i) the balance of cash and Cash Equivalents maintained by the UK Subsidiary as of the end of the applicable fiscal quarter and (ii) the outstanding Indebtedness of the
UK Subsidiary as of the end of the applicable fiscal quarter and (y) in addition to the consolidated financial statements delivered pursuant to this subsection 7.1(b) for any fiscal quarter ended in 2017, the Borrower shall also furnish
financial statements that (I) consolidate the Borrower and its Domestic Subsidiaries (including, for the avoidance of doubt, the impact of the UK Subsidiary Markup within the statement of operations) and include detail of the calculation of the
UK Subsidiary Markup applicable to the statement of operations and (II) include in comparative form the figures for Borrower and its Domestic Subsidiaries for the corresponding quarter in, and year to date portion of, the previous year with
similar detail of the calculation of the UK Subsidiary Markup applicable to the statement of operations; 

(c)    beginning with the month ended October 31, 2016, 45 days after the end of each of the first two
calendar months of each fiscal quarter (or, for the months ended October 31, 2016 through November 30, 2016, 60 days after the end of each such month), internally-generated financial statements of Borrower and its Subsidiaries (which may
be a subset of the monthly reports delivered to Sponsor), which internally generated financial statements shall include, solely to the extent provided to Sponsor and reasonably requested by the Administrative Agent or any Lender on the Closing Date,
the consolidated balance sheet of Borrower and its Subsidiaries, in each case as at the end of each such month and the related unaudited consolidated statements of operations for such month and the portion of the fiscal year of Borrower through such
date, setting forth, to the extent applicable, beginning with the month ended January 31, 2018, in comparative form the figures for the corresponding month in, and year to date portion of, the previous year, and the figures for such periods in
the budget prepared by Borrower and furnished to the Administrative Agent; provided, that notwithstanding the foregoing, (x) the financial statements delivered pursuant to this subsection 7.1 (c) for the calendar months ended
October 31, 2016 through November 30, 2016 shall (I) only be required to consolidate the Borrower and its Domestic Subsidiaries (including, for the avoidance of doubt, the impact of the UK Subsidiary Markup within the statement of
operations) and, if such consolidated financial statements of the Borrower and its Domestic Subsidiaries are provided, the Borrower shall also provide detail of the calculation of the UK Subsidiary Markup applicable to the statement of operations
and (II) include in comparative form the figures for Borrower and its Domestic Subsidiaries for the corresponding month in, and year to date portion of, the previous year with similar detail of the calculation of the UK Subsidiary Markup
applicable to the statement of operations and (y) in addition to the consolidated financial statements delivered pursuant to this subsection 7.1(c) for any fiscal month ended in 2017, the Borrower shall also furnish financial statements that
(I) consolidate the Borrower and its Domestic Subsidiaries (including, for the avoidance of doubt, the impact of the UK Subsidiary Markup within the statement of operations) and include detail of the calculation of the UK Subsidiary Markup
applicable to the statement of operations and (II) include in comparative form the figures for Borrower and its Domestic Subsidiaries for the corresponding month in, and year to date portion of, the previous year with similar detail of the
calculation of the UK Subsidiary Markup applicable to the statement of operations; 
 (d)    as soon as
available, but in any event not later than 45 days after the beginning of each fiscal year of Borrower, a consolidated operating budget for Borrower and its Subsidiaries, together with a reasonably detailed description of the assumptions underlying
such budget; and 
 (e)    simultaneously with the delivery of each set of consolidated financial
statements referred to in subsections 7.1(a), 7.1(b) and 7.1(c) above, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated
financial statements. 

  
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 Any financial statement required to be delivered pursuant to subsection 7.1(a), 7.1(b) and
7.1(c) or other document required to be delivered pursuant to this subsection 7.1 may be satisfied with respect to such financial statements or other documents by (i) the filing of Borrower’s (or, after Qualified Public Offering, the
public company’s) Form 10-K or 10-Q, as applicable, with the SEC (to the extent any such financial statement or document is included in materials otherwise filed
with the SEC), or (ii) with respect to the financial statements required to be delivered pursuant to subsection 7.1(a), 7.1(b) and 7.1(c), by furnishing financial information (together with accountants reports in the case of annual financial
information) relating to Holdings or Parent (or any direct or indirect parent company thereof); provided, with respect to any financial statement required to be delivered pursuant to subsection 7.1(a), 7.1(b) and 7.1(c), if such financial
statements are delivered by furnishing information of any Person other than Borrower, that (1) such information is accompanied by consolidating schedules that explain in reasonable detail the differences between the information relating to such
Person, on the one hand, and the information relating to Borrower and its Restricted Subsidiaries on a consolidated basis, on the other hand and (2) Borrower shall not be permitted to so satisfy such obligations by providing such information
with respect to any other Person if during the applicable period such Person has conducted or engaged in any operations or business which Holdings would not be permitted to conduct or engage in under subsection 8.8. 

All financial statements and other documents required to be delivered pursuant to this Section 7.1 or Section 7.2 may be delivered
electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Borrower posts such documents, or provides a link thereto, on Borrower’s website, and notifies the Administrative Agent thereof (which
notification may be by facsimile or electronic transmission (including Adobe pdf copy)), or (ii) on which such documents are posted on Borrower’s behalf on an Internet or Intranet website, if any, to which the Administrative Agent and each
Lender has access, and Borrower notifies the Administrative Agent thereof (which notification may be by facsimile or electronic transmission (including Adobe pdf copy)); provided that Borrower shall, at the request of the Administrative
Agent, continue to deliver copies (via electronic transmission (including Adobe pdf copy) or paper copy, as requested by the Administrative Agent) of such documents to the Administrative Agent. 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. 

7.2.    Certificates; Other Information. Furnish to the Administrative Agent (which the Administrative Agent shall
promptly deliver to each Lender via an E-System or other means in its discretion): 

(a)    concurrently with the delivery of the financial statements referred to in subsection 7.1(a) and
subsection 7.1(b) (other than for the period ending September 30, 2016) for the end of each of the first three quarterly periods, a Compliance Certificate: 

(i)    stating that during such period no Subsidiary has been formed or acquired except as specified in
such Compliance Certificate and identifying any designation or redesignation of a Subsidiary under subsection 7.15, 

(ii)    stating that during such period neither Borrower nor any of its Restricted Subsidiaries has
changed its legal name or jurisdiction of organization except as specified in such certificate, 

(iii)    stating that during such period the officer executing such Officer’s Certificate on
Borrower’s behalf has obtained no knowledge of any Default, in each case, except as specified in such certificate, and 

  
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 (iv)    showing in reasonable detail as of the end of
the related accounting period the figures and calculations supporting such statement in respect of subsection 8.9; 

(b)    promptly upon their becoming available to the public generally, copies of all financial statements,
reports, notices and proxy statements sent or made available to the public generally by Borrower or any of its Restricted Subsidiaries, if any, and all regular and periodic reports and all final registration statements and final prospectuses, if
any, filed by Borrower or any of its Restricted Subsidiaries with any securities exchange or with the SEC or any Governmental Authority succeeding to any of its functions; 

(c)    concurrently with the delivery of the financial statements referred to in subsections 7.1(a) and
(b), a management’s discussion and analysis describing and analyzing the performance of Borrower and its Subsidiaries during the periods covered by such financial statements; 

(d)    promptly, such additional financial and other information as the Administrative Agent (or any Lender
through the Administrative Agent) may from time to time reasonably request; provided that none of Holdings, Borrower nor any Restricted Subsidiary will be required to disclose or permit the inspection or discussion of any document,
information or other matter (i) that constitutes trade secrets or proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their representatives or agents) is prohibited by law, fiduciary
duty or any binding agreement or (iii) that is subject to attorney client or similar privilege or constitutes attorney work product; 

(e)    no later than 2 days before the date for the making of any Tax Distribution, a schedule setting
forth in reasonable detail the calculation, amount and recipient of each Tax Distribution made; and 

(f)    within 15 days of the delivery of the financial statements referred to in subsection 7.1(a)
(excluding financial statements for the fiscal year ended December 31, 2016), an Excess Cash Flow Certificate setting forth the calculation of Excess Cash Flow and the Available Amount as at the end of the fiscal year to which such financial
statements relate. 
 7.3.    Conduct of Business and Maintenance of Existence. Except as disclosed in
Schedule 5.13 and as otherwise permitted by subsections 8.4 and 8.5, preserve, renew and keep in full force and effect its corporate existence and take all reasonable action to maintain, preserve and protect all of its rights to enjoy and use
all of its licenses, leases, intellectual property, qualifications, privileges, franchises and other authority reasonably necessary to the conduct of its business and except where the failure to do so would not reasonably be expected to have a
Material Adverse Effect or pursuant to a transaction permitted by Section 8. 
 7.4.    Maintenance of
Property; Insurance. (a) Keep all owned Real Property, other tangible property and assets material and necessary in its business in good working order and condition (ordinary wear and tear, casualty and condemnation and dispositions
permitted hereunder excepted), except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or pursuant to a transaction permitted by Section 8. 

  
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 (b) (i) Maintain insurance with financially sound and reputable insurers, to
such extent and against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in the same or similar businesses operating in the same or similar locations, as reasonably determined by
management of Borrower, including public liability insurance against claims for personal injury or death or property damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by it; and maintain
such other insurance as may be required by law and (ii) deliver to the Administrative Agent, with respect to the insurance maintained pursuant to clause (i), certificates of insurance on an annual basis, and in any event, on or prior to the
date of expiration of any previously delivered certificates of insurance. 
 (c)    Cause all such
casualty policies covering any Collateral to be endorsed, or otherwise amended to include a customary lender’s loss payable endorsement, in form and substance reasonably satisfactory to the Administrative Agent, which endorsement shall provide
that, from and after the Closing Date, if the insurance carrier shall have received written notice from the Administrative Agent of the occurrence of an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to Borrower or
the Credit Parties under such policies directly to the Administrative Agent. 
 (d)    If at any time the
area in which the Premises (as defined in the Mortgages) are located is designated (i) a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), obtain flood
insurance in such total amount as the Administrative Agent or the Required Lenders may from time to time require, and otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as it may be
amended from time to time, or (ii) a “Zone 1” area, obtain earthquake insurance in such total amount as the Administrative Agent or the Required Lenders may from time to time require. 

7.5.    Inspection of Property; Books and Records; Discussions; Annual Lender Conference Call. (a) Keep
proper books of record and account in which full, true and correct entries (in all material respects) are made of all material dealings and transactions in relation to its business and activities which permit financial statements to be prepared in
conformity in all material respects with GAAP; and permit representatives of (i) the Administrative Agent and (ii) any Lender accompanying the Administrative Agent (in the case of this clause (ii), at its own risk and expenses) upon
reasonable prior notice (made through the Administrative Agent and no more frequently than annually unless an Event of Default shall have occurred and be continuing) to visit and inspect any of its properties or assets and examine and make abstracts
from any of its books and records (including without limitation insurance policies) at any reasonable time and upon reasonable prior notice, and to discuss the business, operations, assets and financial and other condition of Borrower and its
Restricted Subsidiaries with officers thereof and with their independent certified public accountants with prior reasonable notice to, and coordination with, the chief financial officer, the treasurer or other officer of equivalent duties of
Borrower (and such officers of Borrower shall be afforded the opportunity to participate in any discussions with such accountants) and the Administrative Agent, provided that Borrower shall not be obligated to reimburse any costs or expenses
in connection with any such inspection unless an Event of Default has occurred and is continuing at the time of such inspection; provided, further, that none of Holdings, Borrower nor any Restricted Subsidiary will be required to disclose or
pennit the inspection or discussion of any document, infonnation or other matter (i) that constitutes trade secrets or proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their
representatives or agents) is prohibited by law, fiduciary duty or any binding agreement or (iii) that is subject to attorney client or similar privilege or constitutes attorney work product. 

  
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 (b)    Lender Conference Call. Within 15 Business
Days after the delivery of the financial statements delivered pursuant to subsection 7.1(a), upon reasonable prior notice, hold a conference call with all Lenders who choose to participate, on which conference call the financial results of the such
fiscal year, the financial condition of Borrower and its Subsidiaries and the projections presented for the current fiscal year of Borrower shall be reviewed. 

7.6.    Notices. Promptly upon a Responsible Officer of Borrower obtaining knowledge thereof, give notice to the
Administrative Agent (to be distributed by the Administrative Agent to the Lenders via an E-System or other means in its discretion): 

(a)    of the occurrence of any Event of Default, specifying the nature and extent thereof and what action
Borrower proposes to take with respect thereto; 
 (b)    of any (i) event of default under any
instrument or other agreement, guarantee or collateral document of Borrower or any of its Restricted Subsidiaries which default or event of default has not been cured (to the extent able to be cured) or waived and would have a Material Adverse
Effect, or (ii) litigation, investigation (of which Borrower is aware) or proceeding which may exist at any time between Borrower or any of its Restricted Subsidiaries and any Governmental Authority, or receipt of any notice of any
environmental claim or assessment against Borrower or any of its Restricted Subsidiaries by any Governmental Authority or any other Person, which the case of any item described in this clause (ii) would have a Material Adverse Effect; 

(c)    of any litigation or proceeding against Borrower or any of its Restricted Subsidiaries involving
potential monetary damages or injunctive or similar relief in which there is a reasonable likelihood that such damages or relief shall be granted and, if obtained, the granting of such damages or relief would have a Material Adverse Effect; 

(d)    of the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have
occurred, could reasonably be expected to result in a Material Adverse Effect, a written notice specifying the nature thereof, what action Borrower, its Subsidiaries or other ERISA Entity have taken, are taking or propose to take with respect
thereto, and, when known, any action taken or to the knowledge of Borrower threatened by the Internal Revenue Service, Department of Labor, PBGC or Multiemployer Plan sponsor with respect thereto; 

(e)    upon reasonable request by the Administrative Agent, copies of: (i) each Schedule B (Actuarial
Information) to the annual report (Form 5500 Series) filed by any ERISA Entity (with respect to which any Credit Party has or could reasonably obtain access) with the Internal Revenue Service with respect to each Pension Plan; (ii) the most
recent actuarial valuation report for each Pension Plan (with respect to which any Credit Party has or could reasonably obtain access); (iii) all notices received by any Credit Party or, if known to a Responsible Officer of any Credit Party, any
ERISA Entity from a Multiemployer Plan sponsor or any governmental agency concerning an ERISA Event; and (iv) such other documents or governmental reports or filings relating to any Employee Benefit Plan or Multiemployer Plan as the
Administrative Agent shall reasonably request; 
 (f)    of any filing made by any Credit Party on Form 8-K with the SEC (together with a copy of any such filing); and 
 (g)    of a
Material Adverse Effect known to Borrower or any of its Subsidiaries. 
 Each notice pursuant to this subsection 7.6 shall be accompanied by an
Officer’s Certificate of Borrower executed on its behalf by a Responsible Officer of Borrower setting forth in reasonable detail the 

  
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occurrence referred to therein and (in the cases of clauses (a) through (d) and (g)) stating what action (if any) Borrower proposes to take with respect thereto. It is understood that, in an
effort to comply with its covenants hereunder, Borrower may from time to time deliver notices of events (including events of the types described above) to the Administrative Agent and/or the Lenders, and that the notification of any event or events
shall not constitute an admission or determination by Borrower that the event or events covered by such notice have resulted or will result in a Material Adverse Effect. 

7.7.    Environmental Laws. (a) Except to the extent the failure to do so would not, individually or in the
aggregate, result in a Material Adverse Effect (i) comply with all Environmental Laws applicable to it, and obtain, comply with and maintain any and all Environmental Pennits necessary for its operations as conducted and as planned;
(ii) ensure that all of its tenants, subtenants, contractors, subcontractors and invitees comply with all Environmental Laws, and obtain, comply with and maintain any and all Environmental Permits, applicable to any of them; (iii) comply
in a timely manner with all orders and lawful directives regarding Environmental Laws issued to Borrower or any of its Restricted Subsidiaries by any Governmental Authority, other than such orders and lawful directives as to which an appeal or other
challenge has been timely and properly taken in good faith and with respect to which reserves have been taken where necessary in accordance with GAAP; and (iv) conduct any response, remedial or corrective action in response to a release or
threatened release of any Hazardous Materials to the extent required for compliance with Environmental Laws. 

(b)    Except to the extent the failure to do so would not, individually or in the aggregate, result in a
Material Adverse Effect, ensure that Borrower and its Restricted Subsidiaries undertake reasonable efforts to identify and evaluate material issues of compliance with and material liability under Environmental Laws with respect to and prior to
acquiring, directly or indirectly, any ownership or leasehold interest in real property, or other interest in any real property that has a fair market value of at least $2,000,000 that could reasonably be expected to give rise to Borrower or any of
its Restricted Subsidiaries being subject to liability under any Environmental Law. 
 (c)    Provide
such information which the Administrative Agent may reasonably request from time to time relating to compliance with this subsection 7.7, to the extent such information is in the possession, custody or control of any Credit Party. 

7.8.    Additional Collateral and Guarantees. (a) Subject to subsection 7.8(d), with respect to any assets
constituting Collateral acquired after the Closing Date by Borrower or any Guarantor that are intended to be subject to the Lien created by any of the Security Documents (subject to all applicable exceptions and limitations therein) but which are
not so subject (but, in any event, excluding any assets described in paragraph (b) of this subsection), promptly (and in any event within 30 days after the acquisition thereof (as such period may be extended in the reasonable discretion of the
Administrative Agent)): (x) execute and deliver to the Administrative Agent such amendments or supplements to the relevant Security Documents or such other documents as the Administrative Agent shall deem necessary or advisable to grant to the
Administrative Agent, for its benefit and for the benefit of the other Secured Parties, a Lien on such properties or assets subject to no Liens other than Permitted Liens, and (y) take all actions reasonably necessary to cause such Lien to be
duly perfected to the extent required by such Security Document in accordance with all applicable Requirements of Law, including, without limitation, the filing of financing statements in such jurisdictions as may be reasonably requested by the
Administrative Agent. Each Credit Party shall otherwise take such actions and execute and/or deliver to the Administrative Agent such documents (including, without limitation, customary legal opinions to the extent reasonably requested by the
Administrative Agent) as the Administrative Agent shall reasonably require to confirm the validity, perfection and priority of the Lien of the Security Documents (subject to all applicable exceptions and limitations therein) against such after
acquired properties or assets. 

  
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 (b)    With respect to any Person that is or becomes a
Restricted Subsidiary that has assets having either book value or fair market value in excess of $2,000,000, promptly (and in any event within 30 days (as such period may be extended in the reasonable discretion of the Administrative Agent) after
such Person becomes a Restricted Subsidiary or has such assets) (i) to the extent constituting Collateral, deliver to the Administrative Agent the certificates (if any) representing, the Capital Stock of such Subsidiary, together with undated
stock powers executed and delivered in blank by a duly authorized officer of Borrower or such Guarantor, as the case may be, and all intercompany notes owing from such Subsidiary to any Credit Party constituting Collateral and required to be
delivered under the Security Documents; provided that, notwithstanding anything to the contrary herein, none of Borrower nor any of its Subsidiaries shall be required to pledge any Excluded Equity Interests, and (ii) cause such
Subsidiary (other than an Excluded Subsidiary) to (x) become a Guarantor and Grantor pursuant to the Guarantee and Collateral Agreement, and (y) take all actions reasonably necessary or advisable to cause the Lien created by the Guarantee
and Collateral Agreement to be duly perfected to the extent required by such agreement in accordance with all applicable Requirements of Law (under the law of the United States, or any jurisdiction thereof), including, without limitation, the filing
of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent. 

(c)    If (A) at any time any two or more wholly-owned Domestic Subsidiaries that are Restricted
Subsidiaries in the aggregate not otherwise subject to subsection 7.8(b) have assets having either a book value or fair market value in excess of $5,000,000, comply with subsection 7.8(b) within the time frames set forth in such subsection so that
no two or more such Subsidiaries hold assets having either a book value or fair market value in excess of $5,000,000 or (B) any Restricted Subsidiary which is not a Guarantor guarantees any Indebtedness of Borrower or any of its Domestic
Subsidiaries that are Restricted Subsidiaries, comply promptly with subsection 7.8(b). 
 (d)    Upon the
written request of the Administrative Agent, promptly grant to the Administrative Agent, within 90 days of such request (or such longer period as the Administrative Agent may in its reasonable discretion determine), security interests and Mortgages
in such owned Real Property located in the United States of Borrower and the Guarantors as is acquired after the Closing Date by Borrower or such Guarantor and that, together with any improvements thereon, individually has a fair market value of at
least $2,000,000 and is not already subject to a Lien in favor of a third party permitted to remain in place under subsection 8.2, as additional security for the Obligations (as defined in the Mortgages). Such Mortgages shall be granted pursuant to
documentation reasonably satisfactory in form and substance to the Administrative Agent (including a “Life-of-Loan” Federal Emergency Management Agency
Standard Flood Hazard Determination, together with a notice about special flood hazard area status and flood disaster assistance duly executed by Borrower or such Guarantor) and shall constitute valid and enforceable perfected Liens subject only to
Pennitted Encumbrances and other Permitted Liens. The Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law (in the United States or any jurisdiction thereof) to establish,
perfect, preserve and protect the Liens in favor of the Administrative 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. Borrower shall otherwise take
such actions and execute and/or deliver to the Administrative Agent such documents as the Administrative Agent shall reasonably require to confirm the validity, perfection and priority of the Lien of any existing Mortgage or new Mortgage against
such after-acquired Real Property (including, without limitation, a Title Policy, a Survey and local counsel opinion (in form and substance reasonably satisfactory to the Administrative Agent) in respect of such Mortgage) within 90 days of the
written request of the Administrative Agent (or such longer period as the Administrative Agent may in its reasonable discretion determine). 

  
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 (e)    Notwithstanding anything to the contrary in this
subsection 7.8 subsection 7.10 or any other Credit Document (except as expressly agreed by such Credit Party), no Credit Party or Restricted Subsidiary shall be required to (i) to obtain any landlord, bailee or warehousemen waiver, estoppel or
consent or any other document of similar effect, or (ii) to take any action in any non-U.S. jurisdiction or required by the Laws of any non-U.S. jurisdiction in
order to create any security interests in assets located or titled or arising under any laws outside of the U.S., including any non- U.S. Intellectual Property, or to perfect such security interests.
Notwithstanding anything herein to the contrary, if the Administrative Agent, in consultation with Borrower, determines in its reasonable discretion that the cost of creating or perfecting any Lien on any Property is excessive in relation to the
benefits intended to be afforded to the Lenders thereby, then such Property may be excluded from the Collateral for all purposes of the Credit Documents. 

7.9.    Compliance with Law. Conduct its business and affairs in compliance with all Laws applicable thereto
except to the extent failure to do so would not, in the aggregate, have a Material Adverse Effect. 

7.10.    Security Interests; Further Assurances. Subject to subsection 7.8(e), promptly, upon the reasonable
request of Administrative Agent, at Borrower’s expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record, or cause to be registered, filed or recorded, in an
appropriate United States governmental office, any document or instrument with respect to the Collateral supplemental to or confirmatory of the Security Documents (subject to all applicable exceptions and limitations therein) and deemed by the
Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby superior to and prior to the rights of all third Persons other than the holders of Permitted
Liens and subject to other Liens except as permitted by the Security Documents, or use commercially reasonable efforts to obtain any landlord or similar lien waivers and consents with respect to any material leased Real Property, as may be necessary
or appropriate in connection therewith. The Credit Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Security Documents (subject to all
applicable exceptions and limitations therein) continue to be perfected under the UCC or otherwise after the establishment of any Incremental Facilities and deliver or cause to be delivered to the Administrative Agent from time to time such other
documentation in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents (subject to all
applicable exceptions and limitations therein). Upon the exercise by the Administrative Agent or the Lenders of any power, right, privilege or remedy pursuant to any Credit Document which requires any consent, approval, registration, qualification
or authorization of any Governmental Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or the Lenders may be so required to obtain. 

7.11.    Control Agreements. Subject to subsection 7.13, with respect to deposit accounts (other than Excluded
Accounts) existing on the Closing Date and within 90 days after the creation or acquisition of any new deposit accounts or securities accounts (other than Excluded Accounts), as may be extended by the Administrative Agent in its reasonable
discretion, Borrower shall, and shall cause each other Credit Party to, with respect to any deposit or securities account maintained by any Credit Party (other than Excluded Accounts) deliver to the Administrative Agent a fully-executed Control
Agreement with respect to each such accounts. 
 7.12.    Payment of Taxes. Each of Borrower and its Restricted
Subsidiaries shall timely file all Tax returns required by any Governmental Authority and timely pay and discharge all Taxes imposed on it or on its income or profits or on any of its Property (except for any such Taxes (or

  
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Tax returns with respect to such Taxes) (a) the payment of which is being contested in good faith and by proper proceedings and against which adequate reserves are being maintained in
accordance with GAAP or (b) the failure to so file or pay such Tax returns or Taxes individually or in the aggregate is not reasonably expected to have a Material Adverse Effect). 

7.13.    Certain Post-Closing Obligations. Within the time periods after the Closing Date specified in Schedule
7.13 or such later date as tire Administrative Agent agrees to in writing, Borrower and each other Credit Party will deliver the documents and take the actions specified on Schedule 7.13. 

7.14.    [Reserved], 

7.15.    Designation of Subsidiaries. The Borrower may at any time designate any Restricted Subsidiary of Borrower
as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (a) immediately before and after such designation, no Event of Default shall have occurred and be continuing, (b) immediately after
giving effect to such designation, Borrower shall be in compliance, on a Pro Forma Basis, with the covenant set forth in subsection 8.9 (and as a condition precedent to the effectiveness of any such designation, Borrower shall deliver to the
Administrative Agent a certificate setting forth in reasonable detail the calculations demonstrating such compliance), (c) neither any Borrower nor any Restricted Subsidiary shall contribute any Material Intellectual Property to any Unrestricted
Subsidiary, (d) no Unrestricted Subsidiary may own any Intellectual Property that is required for the operation of the business of Borrower or any of its Restricted Subsidiaries unless such Intellectual Property is acquired by such Unrestricted
Subsidiary after the Closing Date and (e) notwithstanding anything else in this subsection 7.15 to the contrary, any Unrestricted Subsidiary that has been redesignated as a Restricted Subsidiary may not be subsequently redesignated as an
Unrestricted Subsidiary without the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld, delayed or conditioned. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an
Investment by Borrower or the relevant Restricted Subsidiary (as applicable) therein at the date of designation in an amount equal to the fair market value of such Person’s (as applicable) investment therein (as determined in good faith by
Borrower) and the Investment resulting from such designation must otherwise be in compliance with subsection 8.6. Upon any such redesignation, except to the extent such Returns have been applied to increase the Available Amount pursuant to clause
(d) of the definition thereof, the applicable Borrower and/or the applicable Restricted Subsidiaries shall receive a credit against the applicable clause in subsection 8.6 that was utilized for the Investment in such Unrestricted Subsidiary for
all Returns in respect of such Investment. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time.

 SECTIONS. NEGATIVE COVENANTS 

Borrower hereby agrees that it shall not, and Borrower shall not permit any of its Restricted Subsidiaries to, and for purposes of subsection
8.8 hereof, Holdings hereby agrees that it shall not, directly or indirectly, so long as any of the Commitments remain in effect or any Loan, Note or L/C Obligation remains outstanding and unpaid, any amount remains available to be drawn under any
Letter of Credit (unless cash in an amount equal to 103% of such amount has been deposited to a cash collateral account established by the Administrative Agent or such Letters of Credit have been replaced or backstopped with alternate letters of
credit reasonably satisfactory to the Administrative Agent) or any other amount is owing to the Issuing Lender, any Lender, the Administrative Agent or the Administrative Agent hereunder or under any other Credit Document (it being understood that
each of the permitted 

  
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exceptions to each of the covenants in this Section 8 is in addition to, and may be aggregated with, and, except to the extent expressly provided, is not overlapping with, any other of such
permitted exceptions): 
 8.1.    Indebtedness. Create, incur, assume or suffer to exist any Indebtedness,
except: 
 (a)    the Indebtedness outstanding on the Closing Date and disclosed in Schedule 8.1(a), and
the Refinancing Indebtedness in respect thereof; 
 (b)    Indebtedness under the Credit Documents; 

(c)    Indebtedness: 

(i)    of any Credit Party to any other Credit Party, 

(ii)    of any Non-Credit Party to any other Non-Credit Party, 
 (iii)    of any Credit Party to any Non-Credit Party, and 
 (iv)    of any
Non-Credit Party to any Credit Party, 
 provided that (I) all intercompany Indebtedness owed to a
Credit Party (excluding intercompany Indebtedness in respect of transfer pricing in the ordinary course of business) shall be evidenced by promissory notes issued for the benefit of such Credit Party, which notes shall be pledged to the
Administrative Agent pursuant to the terms of the Guarantee and Collateral Agreement (subject to all applicable exceptions and limitations therein), and (II) all intercompany Indebtedness owed by a Credit Party to any Non-Credit Party shall be subordinated in right of payment to the Obligations pursuant to the terms of the applicable promissory notes or an intercompany subordination agreement on terms and conditions reasonably
acceptable to the Administrative Agent; 
 (d)    (A) unsecured Indebtedness of Borrower or any Credit
Party, in the form of senior unsecured notes, so long as (i) such unsecured Indebtedness would mature at least 91 days after the final Maturity Date of the Term Loans and would not require mandatory amortization (other than (x) customary
AHYDO catch-up payments, if applicable, and (y) after the seventh anniversary of the Closing Date), (ii) no Event of Default shall have occurred and be continuing or would result therefrom, and
(iii) on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof, (x) Borrower shall be in compliance on a Pro Forma Basis with the covenant set forth in subsection 8.9 and (y) the
Consolidated Total Net Leverage Ratio shall not be greater than (I) 7.25 to 1.00 if such Indebtedness is incurred on or prior to the two year anniversary of the Closing Date and (II) 6.75 if such Indebtedness is incurred after the two year
anniversary of the Closing Date (in each case, to the extent used to fund a Permitted Acquisition or other Investment subject to “funds certain provisions”, such compliance in the case of clauses (x) and (y) above shall be tested as
of the most recently ended twelve month period for which financial statements have been delivered prior to the date of execution of the related acquisition agreement) and (B) Refinancing Indebtedness in respect of any Indebtedness incurred
under clause (A) hereof; 
 (e)    (A) Subordinated Indebtedness of Borrower or any Credit Party, so
long as (i) such Subordinated Indebtedness and the documentation for such Subordinated Indebtedness (including intercreditor provisions) are reasonably satisfactory to the Administrative Agent (but in any event, such Subordinated Indebtedness
would mature at least 91 days after the final Maturity Date of the 

  
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Term Loans and would not require mandatory amortization (other than (x) customary AHYDO catchup payments, if applicable, and (y) after the seventh anniversary of the Closing Date), (ii)
no Event of Default shall have occurred and be continuing or would result therefrom and (iii) on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof, Borrower shall be in compliance with
the covenant set forth in subsection 8.9, and (B) Refinancing Indebtedness in respect of any Indebtedness incurred under clause (A) hereof; 

(f)    Contingent Obligations in respect of Indebtedness otherwise permitted to be incurred by Borrower or
any Restricted Subsidiary; 
 (g)    Indebtedness of Borrower and its Restricted Subsidiaries in respect
of Capitalized Leases and Purchase Money Indebtedness of Borrower and its Restricted Subsidiaries, and Refinancings thereof, in an aggregate amount not to exceed $15,000,000 at any time outstanding; 

(h)    Indebtedness (i) of a Person assumed in connection with an Acquisition of such Person (or
Indebtedness of such Person existing at the time such Person was acquired) so long as such Indebtedness was not incurred in anticipation of, or in connection with, such Acquisition or (ii) to any one or more Persons selling the equity or assets
acquired in an Acquisition; provided, however, Indebtedness under subsection 8. l(h)(i), and Refinancings thereof, shall not exceed $5,000,000 in the aggregate at any time outstanding and Indebtedness under subsection 8.l(h)(i) and
(ii) shall not exceed $20,000,000 in the aggregate at any time outstanding; 
 (i)    Indebtedness
in connection with surety bonds, letters of credit, bid bonds, appeal bonds, completion guaranties, performance bonds and similar obligations, or with respect to workers’ compensation obligations, health, safety and environmental obligations of
Borrower and its Restricted Subsidiaries, in each case incurred in the ordinary course of business or consistent with past practice; 

(j)    Indebtedness of Borrower and its Restricted Subsidiaries under Hedge Agreements (i) entered
into to hedge or mitigate risks to which such person has actual exposure or (ii) entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or
otherwise) with respect to any interest bearing liability or investment of such person; 

(k)    Indebtedness owed to a seller in a Permitted Acquisition or to a buyer in a disposition permitted
under subsection 8.5 that (i) relates to post-closing adjustments with respect to accounts receivable, accounts payable, net worth and/or similar items or (ii) relates to indemnities granted to the seller or buyer in such transactions;

 (l)    obligations in respect of any overdraft protections, netting services and similar arrangements
arising from treasury, depository and cash management services, any automated clearing house transfers of funds or any credit card or similar services and other financial accommodations of the type described in “Cash Management Services”
or the honoring of a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds, in each case in the ordinary course of business; 

(m)    Indebtedness (i) arising in connection with the endorsement of instruments for deposit in the
ordinary course of business and (ii) consisting of trade payables and accrued expenses in the ordinary course of business; 

  
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 (n)    Indebtedness in an aggregate principal amount not
to exceed $17,500,000 at any time outstanding; provided that Indebtedness of Foreign Subsidiaries under this clause (n) shall not exceed $12,500,000 at any time outstanding; 

(o)    Indebtedness owed to any Person (including obligations in respect of letters of credit for the
benefit of such Person) providing workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance, pursuant to reimbursement or indemnification obligations to such Person, in each case, incurred
in the ordinary course of business; 
 (p)    Indebtedness in connection with the repurchase of Capital
Stock pursuant to subsection 8.11(c); 
 (q)    Indebtedness resulting from (x) the financing of
insurance premiums by its insurance providers or (y) take or pay obligations contained in supply arrangements, in each case, in the ordinary course of business or consistent with past practice; 

(r)    [reserved]; 

(s)    Indebtedness representing deferred compensation or other obligations under employment agreements to
employees of Borrower or any of its Restricted Subsidiaries incurred in the ordinary course of business; and 

(t)    accrual of interest, the accretion of accreted value, the accretion or amortization of original
issue discount and the payment of interest, premium, fees or expenses, in the fonn of additional Indebtedness on obligations described in the foregoing clauses (a) through (s). 

8.2.    Liens. Create, incur, assume or suffer to exist any Lien upon any of its Property, assets, income or
profits, whether owned on the Closing Date or thereafter acquired, except: 
 (a)    Liens for Taxes,
assessments or other governmental charges not yet delinquent or which are being contested in good faith and by appropriate proceedings if (i) adequate reserves with respect thereto are maintained on the books of Borrower or the relevant
Subsidiary, as the case may be, in accordance with GAAP and (ii) any proceeding instituted contesting such Lien shall operate to stay the sale or forfeiture of any portion of the Collateral on account of such Lien; 

(b)    carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s,
repairmen’s or other like Liens arising in the ordinary course of business in respect of obligations which are not yet delinquent or which are bonded or which are being contested in good faith and by appropriate proceedings if (i) adequate
reserves with respect thereto are maintained on the books of Borrower or the relevant Subsidiary, as the case may be, in accordance with GAAP and (ii) any proceeding instituted contesting such Lien shall operate to stay the sale or forfeiture
of any portion of tire Collateral on account of such Lien; 
 (c)    pledges or deposits made and Liens
arising in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation; 

(d)    deposits to secure the performance of bids, tenders, trade or government contracts, leases,
licenses, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature (in each case, other than for borrowed money) incurred in tire ordinary course of business, deposits and/or escrow accounts in respect
of Acquisitions or divestitures that are otherwise permitted hereunder; 

  
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 (e)    easements (including, without limitation,
reciprocal easement agreements), rights of way, building, zoning and similar restrictions, utility agreements and other similar minor encumbrances, defects or irregularities in title which do not, individually or in the aggregate materially detract
from the value of the Real Property to which they relate or, individually or in the aggregate, materially interfere with or adversely affect in any material respect the ordinary conduct of the business of Borrower and its Restricted Subsidiaries on
the Real Property subject thereto; 
 (f)    Liens in favor of the Administrative Agent and the Secured
Parties pursuant to the Credit Documents, including Liens pursuant to the Credit Documents in respect of Hedge Agreements, Cash Management Services and bankers’ liens arising by operation of law relating thereto; 

(g)    Liens securing Indebtedness permitted by subsection 8.1(g); provided that no such Lien incurred in
connection with such Indebtedness shall extend to or cover other property of Borrower or such Subsidiary other than the respective property so acquired; 

(h)    Liens existing on the Closing Date after giving effect to the consummation of the Transactions and
described in Schedule 8.2(h); provided that no such Lien shall extend to or cover other assets or property of Borrower or its Subsidiaries other than the respective assets or property encumbered by such Lien on the Closing Date
(other than any replacements of such property or assets and additions and accessions thereto, and the proceeds and the products thereof and customary security deposits in respect thereof and in the case of multiple financings of equipment provided
by any lender, other equipment financed by such lender); 
 (i)    Liens on documents of title and the
property covered thereby securing Indebtedness in respect of commercial letters of credit; 
 (j) (i) mortgages, liens,
security interests, restrictions, encumbrances or any other matters of record that have been placed by any developer, landlord or other third party on property over which Borrower or any of its Restricted Subsidiaries has easement rights or on any
Leased Property and subordination or similar agreements relating thereto and (ii) any condemnation or eminent domain proceedings affecting any Real Property; 

(k)    leases, subleases or licenses with respect to the assets or properties of Borrower or any of its
Restricted Subsidiaries, in each case, entered into in the ordinary course of Borrower’s or such Subsidiary’s business so long as such leases or subleases affecting Mortgaged Property (i) are subordinate in all respects to the Liens
granted and evidenced by the Security Documents and, in the case of any lease or sublease entered into after the Closing Date affecting any Mortgaged Property, such lease or sublease shall also be entered into in compliance with the provisions of
the applicable Mortgage and (ii) do not, individually or in the aggregate, (A) interfere in any material respect with the ordinary conduct of the business of Borrower or any of its Restricted Subsidiaries or (B) materially impair the
use (for its intended purposes) or the value of the assets or property subject thereto; 
 (l)    Liens
on goods (and proceeds thereof) financed with drawings under commercial letters of credit securing reimbursement obligations in respect of such commercial letters of credit issued in accordance with the terms of this Agreement; 

(m)    Permitted Encumbrances; 

(n)    interests of lessors under operating leases and UCC financing statements in respect thereof; 

  
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 (o)    Liens (i) of a collection bank arising under
Section 4-208 of the Uniform Commercial Code on items in the course of collection, (ii) in favor of a banking or other financial institution arising as a matter of Law or under customary general
tenns and conditions encumbering deposits or other funds maintained with a financial institution (including the right of set-off) or arising pursuant to such banking institutions general terms and conditions,
and (iii) that are contractual rights of setoff or rights of pledge relating to purchase orders and other agreements entered into with customers of Borrower or any of its Restricted Subsidiaries in the ordinary course of business; 

(p)    Liens representing any interest or title of a licensor, lessor or sublicensor or sublessor under any
lease or license permitted by this Agreement; 
 (q)    Liens on a Person or assets acquired in an
Acquisition which were existing on the date of such Acquisition or date of designation and not created in anticipation of such Acquisition or designation; provided, however, that (1) such Liens do not extend beyond the assets of the
Person or assets acquired (other than any replacements of such property or assets and additions and accessions thereto, 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, or asset of Borrower or any Restricted Subsidiary, and the proceeds and the products thereof and customary security deposits in respect thereof and in the case of multiple financings
of equipment provided by any lender, other equipment financed by such lender) and (2) any Indebtedness secured by such Liens is permitted by subsection 8.1(h); 

(r)    Licenses or sublicenses with respect to the assets or properties of Borrower or any of its
Restricted Subsidiaries that do not, individually or in the aggregate, materially impair the ordinary conduct of the business of Borrower or any of its Restricted Subsidiaries; 

(s)    deposits in the ordinary course of business to secure liabilities to insurance carriers, lessors,
utilities and other service providers; 
 (t)    Liens arising out of judgments or decrees and not resulting in an Event
of Default; 
 (u)    Liens in favor of customs and revenue authorities arising as a matter of law to
secure the payment of customs duties in connection with the importation of goods; 
 (v)    precautionary
UCC financing statements filed against a Credit Party as lessee or sublessee or consignee; 

(w)    Liens incurred in connection with the Refinancing of the Indebtedness secured by the Liens described
in clause (g), (h) or (q) above (in each case, to the extent such Indebtedness constitutes Refinancing Indebtedness); 

(x)    Liens securing Indebtedness or other obligations in a principal amount not to exceed $8,750,000 in
the aggregate at any time outstanding; 
 provided that no consensual Liens shall be permitted to exist, directly or indirectly, on any Pledged
Securities (as defined in the Guarantee and Collateral Agreement), other than Liens granted pursuant to the Security Documents. 

  
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 8.3.    Specified Litigation Liabilities. 

(a)    Make any settlement or judgment payment, including legal fees and expenses, with respect to the
Specified Litigation Liabilities, other than Excluded Claim Payments, unless: (a) the first $30,000,000 of such payments are made from the Special Escrow Account, (b) after giving effect to such payment (other than payments made from the
Special Escrow Account), the sum of (1) unrestricted cash and Cash Equivalents of Borrower and its Restricted Subsidiaries plus (2) the Available Revolving Credit Commitments shall equal or exceed $10,000,000 and (c) after
giving effect to such payment (other than payments made from the Special Escrow Account), the Consolidated Total Net Leverage Ratio shall not exceed the Consolidated Total Net Leverage Ratio as of the Closing Date. 

(b)    Agree to any amendments to the terms of the Special Escrow Agreement that would be materially
adverse to the Lenders in their capacities as Lenders (it being understood that using the Special Escrow Account as collateral for any purpose other than making payments in connection with the Specified Litigation Liabilities shall be materially
adverse to the Lenders). 
 8.4.    Fundamental Changes. Enter into any merger or consolidation or amalgamation,
or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), except: 

(a)    for the transactions otherwise permitted pursuant to paragraph (b), (g), (m) or (n) of
subsection 8.5 or pursuant to subsection 8.6, 
 (b)    any Subsidiary may be merged, consolidated or
amalgamated with and into Borrower or a Subsidiary in a transaction in which (i) Borrower or a Guarantor is the surviving Person, (ii) such surviving entity becomes a Credit Party substantially concurrently with the consummation of such
transaction or (iii) the disposition of such Credit Party would otherwise be permitted under subsection 8.5 or such Credit Party would otherwise be permitted to be to designated as an Excluded Subsidiary immediately prior to such transaction
(and shall be deemed to be so disposed or designated), or if no Credit Party is a party to such transaction, a Subsidiary is the surviving Person, 

(c)    any Subsidiary may liquidate, dissolve or be wound up if Borrower determines in good faith that such
liquidation, dissolution or winding up is in the best interest of Borrower; provided that if such transferor is a Guarantor, (i) all of the assets of such Guarantor are transferred upon such liquidation, dissolution or winding up to Borrower or
another Subsidiary that is a Guarantor, (ii) the disposition of such Guarantor would otherwise be permitted under subsection 8.5 or (iii) such Guarantor would otherwise be permitted to be to designated as an Excluded Subsidiary immediately
prior to such transaction (and shall be deemed to be so disposed or designated), 
 (d)    Borrower or
any Restricted Subsidiary may merge or consolidate with any other Person in order to effect an Acquisition or other Investment permitted by subsection 8.6, provided that (i) the surviving entity shall be subject to the requirements of
subsection 7.8 (to the extent applicable) and (ii) if Borrower is a party to such transaction, Borrower shall be the surviving entity, 

(e)    [reserved]; 

(f)    Borrower or any Restricted Subsidiary may change its legal form; and 

(g)    the consummation of the Merger, related transactions contemplated by the Merger Agreement and the
Transactions; 

  
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 provided that in connection with the foregoing, the appropriate Credit Parties shall take all actions
necessary or reasonably requested by the Administrative Agent to maintain the perfection or perfect, as the case may be, protect and preserve the Liens on the Collateral granted to the Administrative Agent pursuant to the Security Documents
(including, in connection with subsection 8.4(e), maintaining the perfected security interest of the Administrative Agent in the Capital Stock of Borrower) and otherwise comply with the provisions of subsection 7.8 to the extent applicable. 

8.5.    Sale of Assets. Convey, sell, lease (other than a sublease of real property), assign, transfer or
otherwise dispose of (including through a merger, consolidation or amalgamation of any Subsidiary) any of its property, business or assets (including, without limitation, other payments and receivables), whether owned on the Closing Date or
thereafter acquired, except: 
 (a)    sales or other dispositions of inventory in the ordinary course of
business, and dispositions of cash and Cash Equivalents; 
 (b)    that (i) Borrower or any
Subsidiary of Borrower may sell, lease, transfer, or otherwise dispose of any or all of its assets (upon voluntary liquidation or otherwise) to a Credit Party, (ii) any Non-Credit Party may sell, lease,
transfer or otherwise dispose of any or all of its assets to any, other Non-Credit Party, (iii) Borrower or any Subsidiary of Borrower may sell or otherwise dispose of, or part with control of any or all
of, the Capital Stock of any Subsidiary to a Credit Party, and (iv) Borrower or any Subsidiary Guarantor may transfer the Capital Stock of any Foreign Subsidiary to another Foreign Subsidiary, 65% of the Capital Stock of which has been pledged
under the Security Documents to secure the Obligations; provided that no Person other than Borrower or a Subsidiary shall receive any consideration in connection with such transaction and all actions necessary or reasonably requested by the
Administrative Agent shall be taken by the appropriate Credit Parties to maintain the perfection or perfect, as the case may be, protect and preserve the Liens on the Collateral granted to the Administrative Agent pursuant to the Security Documents;

 (c)    leases of and subleases of Real Property; provided that in the case of any lease of Mortgaged
Property, such lease shall be subject to the provisions of the applicable Mortgage; 
 (d)    any Taking or Destruction
affecting any property or assets; 
 (e)    substantially like kind exchanges of real property or
equipment; provided that any cash received by Borrower or any Subsidiary of Borrower in connection with such an exchange shall be deemed to be potential Net Proceeds subject to subsection 4.5(c) and, to the extent the real property or equipment
subject to such exchange constituted Collateral under the Security Documents, then the property exchanged therefor shall be mortgaged or pledged contemporaneously with such exchange, as the case may be, for the benefit of the Secured Parties in
accordance with subsection 7.8; 
 (f)    the sale or other disposition of any property or asset that, in
the reasonable judgment of Borrower has become surplus, uneconomic, obsolete or worn out, and which is sold or disposed of in the ordinary course of business, the trade in of equipment for equipment in better condition or of better quality or the
abandonment, allowance to lapse or other disposition of any Intellectual Property that is no longer material to the business of Borrower or any of its Restricted Subsidiaries; 

(g)    the sale or other disposition of any property or assets (other than Material Intellectual Property)
for fair market value (as reasonably determined by Borrower); provided that (i) the Consolidated EBITDA generated by or attributable to all such property or assets sold or disposed of pursuant to this subsection 8.5(g) constitutes no
more than 15% of Consolidated EBITDA 

  
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(determined as of the most recently ended four fiscal quarter period for which financial statements have been delivered and calculated at the time of such asset sale) and (ii) at least 75%
of the consideration for asset sales in excess of $1,500,000 consists of cash and Cash Equivalents; 

(h)    transactions permitted by subsection 8.4 (other than clause (a)); 

(i)    Investments permitted by subsection 8.6, Restricted Payments pennitted by subsection 8.11 and Liens
permitted by subsection 8.2; 
 (j)    licenses or sublicenses (and the termination thereof) by Borrower
or any of its Restricted Subsidiaries of software, Intellectual Property and general intangible and leases, licenses or subleases (and the termination thereof) of other property in the ordinary course of business and which do not materially
interfere with the business of Borrower or any of its Restricted Subsidiaries; 
 (k)    sales or other
dispositions of Investments pennitted by subsection 8.6(i) for not less than fair market value or to the extent required by, or made pursuant to, customary buy-sell arrangements between the joint venture
parties set forth in arrangements between the joint venture parties; 
 (l)    sales, transfers and other
dispositions, or the discount or forgiveness of accounts receivable or customer delinquent notes in connection with the compromise, settlement or collection thereof consistent with past practice or in the ordinary course of business and not for
purposes of financing; 
 (m)    dispositions of non-core assets
acquired in connection with any Pennitted Acquisition; 
 (n)    sales or dispositions of any asset not constituting
Collateral; 
 (o)    sales or dispositions of immaterial Capital Stock to qualify directors where
required by applicable law or to satisfy similar requirements of applicable law with respect to the ownership of Capital Stock; 

(p)    sales, transfers, leases and other dispositions to Borrower or any Subsidiary, provided that
any such sales, transfers, leases or other dispositions involving a Subsidiary that is not a Credit Party (other than pursuant to an intercompany license) shall be made in compliance with subsection 8.12 and otherwise no less favorable to such
Credit Party than arm’s length basis for fair market value (as reasonably determined by Borrower); 

(q)    dispositions to consummate the Transactions; 

(r)    the unwinding of a Hedge Agreement; and 

(s)    Borrower or any Restricted Subsidiary may (i) convert any intercompany Indebtedness to Capital
Stock, (ii) transfer any intercompany Indebtedness to Holdings, Borrower or any Restricted Subsidiary, (iii) settle, discount, write off, forgive or cancel any intercompany Indebtedness or other obligation owing by Holdings, Borrower or
any Subsidiary, (iv) settle, discount, write off, forgive or cancel any Indebtedness, in the ordinary course of business and consistent with past practice, owing by any present or former consultants, directors, officers or employees of any
Holdings (or any direct or indirect parent company), Borrower or any Subsidiary or any of their successors or assigns and (v) surrender or waive contractual rights and settle or waive contractual or litigation claims, in the ordinary course of
business and consistent with past practice. 

  
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 8.6.    Investments. Make or permit to exist any Investment in
(including, without limitation, any acquisition of all or substantially all of the assets, and any acquisition of a business or a product line, of other companies), any other Person, except: 

(a)    loans, advances or Indebtedness permitted by subsection 8.1(c) (i), (ii) and (iii); 

(b)    Investments 

(i)    by Borrower or any Subsidiary in Borrower or any Subsidiary Guarantor; 

(ii)    by Borrower or any Subsidiary Guarantor in any Subsidiary (including to create any Subsidiary);
provided that, in any such case, the requirements of subsection 7.8 are satisfied; and provided, further that the aggregate amount of all Investments by Credit Parties in Non-Credit Parties (or
Subsidiaries that do not become Guarantors in connection with such Investment) pursuant to this subclause 8.6(b)(ii) shall not exceed $7,500,000; 

(iii)    intercompany receivables among Holdings, Borrower and any Subsidiaries relating to transfer
pricing arrangements; and 
 (iv)    by any non-Credit Party in
any other non-Credit Party; 
 (c)    Borrower and its Restricted
Subsidiaries may invest in, acquire and hold cash and Cash Equivalents or assets that were Cash Equivalents when made; 

(d)    (i) Borrower and its Restricted Subsidiaries may make payroll and commission and entertainment,
petty cash and travel advances to employees in the ordinary course of business and (ii) Borrower and its Restricted Subsidiaries may advances to employees in the ordinary course of business in the form of any purchasing card program established
to enable such employees to purchase goods, supplies and services from vendors in an aggregate amount not exceeding $2,000,000 at any one time outstanding; 

(e)    Borrower and its Restricted Subsidiaries may (i) make loans or advances to the officers,
directors and employees of Holdings (or any direct or indirect parent thereof) in connection with such Person’s purchase of Capital Stock of Holdings (or any direct or indirect parent thereof) in an aggregate amount not exceeding $3,000,000 at
any one time outstanding and (ii) hold promissory notes received from stockholders of Holdings (or any direct or indirect parent thereof) in connection with the exercise of stock options in respect of the Capital Stock of Holdings (or any
direct or indirect parent thereof); provided that all such promissory notes in favor of a Credit Party shall be pledged to the Administrative Agent pursuant to the terms of the Guarantee and Collateral Agreement (subject to all applicable
exceptions and limitations therein); 
 (f)    Borrower and its Restricted Subsidiaries may acquire and
hold receivables owing to it, if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms and Borrower or any of its Restricted Subsidiaries may offer such concessionary trade
terms, or receive such investments, in connection with the bankruptcy or reorganization of their respective suppliers or customers or the settlement of disputes with such customers or suppliers arising in the ordinary course of business, as
management deems reasonable in the circumstances; 

  
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 (g)    Borrower or any of its Restricted Subsidiaries
may make relocation and other loans to officers and employees of Holdings or any of its Subsidiaries or any direct or indirect parent thereof; provided that the aggregate principal amount of all such loans and advances outstanding at any
time, shall not exceed $3,000,000 at any one time outstanding; 
 (h)    other Investments by Borrower or
any of its Restricted Subsidiaries not exceeding in the aggregate outstanding at any time (without giving effect to any write downs or write offs thereof) $15,000,000; provided, however, that at the time of making any such Investments and
after giving effect thereto no Event of Default shall exist or would arise therefrom; 
 (i)    Borrower
or any of its Restricted Subsidiaries may make Investments in joint ventures or other Persons engaged primarily in one or more businesses in which Borrower and its Restricted Subsidiaries are engaged or generally related thereto in an aggregate
amount not to exceed $15,000,000, and Borrower or any of its Restricted Subsidiaries may make Investments in or to any Non-Credit Party to fund Investments in joint ventures made in compliance with this clause
(i); provided that at the time of and after giving effect thereto no Event of Default shall have occurred and be continuing; 

(j)    transactions effected in accordance with subsection 8.1(c), subsection 8.4 (other than clause
(a) thereof), subsection 8.5 (other than clause (i) thereof) and acquisitions of Term Loans permitted pursuant to subsection 11.6(k); 

(k)    Investments existing as of the Closing Date and set forth on Schedule 8.6 and Investments consisting
of any modification, replacement, renewal, extension or reinvestment of any such Investment; provided, that no such modification, replacement, renewal, extension or reinvestment shall increase the aggregate amount of such Investment; 

(l)    Borrower or any of its Restricted Subsidiaries may make any Investment; provided that such
Investment is funded solely by the issuance of Permitted Securities; 
 (m)    Investments in order to
consummate Acquisitions; provided, however, that (i) no Event of Default exists before or after giving effect to the Acquisition and any Indebtedness assumed or incurred in connection therewith, in each case, subject to “funds
certain provisions” in which case no Event of Default shall exist at the time the relevant acquisition agreement is executed, (ii) in the event that any Indebtedness is incurred or assumed in connection with such Acquisition, on a Pro
Forma Basis, after giving effect to such Acquisition and the related incurrence of Indebtedness, the Consolidated Total Net Leverage Ratio of Borrower would be no greater than 7.25:1.00; (iii) the aggregate Acquisition Consideration provided by
Credit Parties to make any such purchase or acquisition of assets that are not purchased or acquired (or do not become owned) by any Credit Party or in the Capital Stock of Persons that do not become Credit Parties upon consummation of such purchase
or acquisition shall not exceed (1) $10,000,000 in any single Acquisition and $20,000,000 in the aggregate plus (2) the Available Amount plus (3) any proceeds from the issuance of Permitted Securities; (iv) the Credit
Parties shall comply with the requirements of subsection 7.8, to the extent required by and subject to the limitations set forth therein, (v) with respect to any Acquisition involving Acquisition Consideration of $15,000,000 or more, Borrower
shall have delivered to the Administrative Agent, at least two days prior to the consummation of such Acquisition (or such later date as the Administrative Agent shall agree), (1) a description of the material terms of such proposed

  
 102 

 
Acquisition and (2) to the extent available and permitted to be shared, a diligence package including historical financial statements and all available due diligence reports and materials,
(vi) with respect to any Acquisition involving Acquisition Consideration of $25,000,000 or more, Borrower shall have delivered to the Administrative Agent, at least two days prior to the consummation of such Acquisition (or such later date as
the Administrative Agent shall agree), a quality of earnings report and (vii) such Acquisition shall be consensual (not “hostile”) and, if applicable, shall have been approved by the Board of Directors of the target of such Permitted
Acquisition (any such Acquisition in compliance with this subsection 8.6(m), a “Permitted Acquisition”); 

(n)    Investments in an amount not to exceed the sum of (x) any amounts dividended or distributed to
Borrower or any Restricted Subsidiary from such Investment in cash, plus (y) the Available Amount; provided that at the time of each such Investment made in reliance on this clause (y), and giving pro forma effect thereto, except to the
extent such Investments are made in reliance on clause (c) of the definition of “Available Amount”, no Event of Default exists; 

(o)    Investments acquired in connection with a Permitted Acquisition so long as such Investment was not
made in connection with such Permitted Acquisition; 

(p)    non-cash consideration received in connection with any asset
disposition permitted under subsection 8.5 and pledges and deposits permitted under subsection 8.2; 

(q)    (i) extensions of trade credit in the ordinary course of business to customers of the Credit
Parties, (ii) endorsements of negotiable instruments held for collection in the ordinary course of business, and (iii) the making of lease, utility and other similar deposits in the ordinary course of business; 

(r)    without duplication, Investments by Borrower or any Subsidiary Guarantor in Non-Credit Parties to fund a Permitted Acquisition by such Non-Credit Party made in compliance with subsection 8.6(m); provided that any Indebtedness incurred by any Non-Credit Party in connection with any such Permitted Acquisition shall be subordinated in right of payment to the payment in full of the Obligations on terms reasonably satisfactory to the Administrative Agent;

 (s)    the consummation of the Merger, related transactions contemplated by the Merger Agreement and
the Transactions; and 
 (t)    intercompany advances by Borrower or any Restricted Subsidiary to
Holdings (or any direct or indirect parent company of Holdings) for purposes and in amounts that would otherwise be permitted to be made as Restricted Payments to Holdings (or any direct or indirect parent company of Holdings) pursuant to subsection
8.8; provided that the principal amount of any such advances shall reduce the amounts that would otherwise be permitted to be paid for such purposes in the form of Restricted Payments pursuant to such Section. 

8.7.    Modification of Organizational Documents. Amend or modify in any way its charter, by-laws or other organizational documents in a manner that is materially adverse to the interests of the Lenders. 

  
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 8.8.    Limitations on Holdings. Notwithstanding anything to the
contrary set forth herein, Holdings shall not conduct or engage in any operations or business (including the issuance of securities, incurrence of debt, making of loans or Investments, or the payment dividends or other distributions) other than:

 (i)    those incidental to (1) its ownership of the Capital Stock of Borrower, (2) the
maintenance of its legal existence and (3) the performance of its obligations under the Credit Documents, the management agreements with the Sponsor, the Merger Agreement, the Special Escrow Agreement and the other agreements contemplated by
the Merger Agreement; 
 (ii)    any Qualified Public Offering or any other issuance of Permitted
Securities or contributions to the capital of Holdings on account thereof; 
 (iii)    guarantees of
leases or other obligations of Borrower and its Subsidiaries not prohibited hereunder; 

(iv)    participating in tax, accounting and other administrative matters as a member of the consolidated,
combined or unitary group including Holdings and Borrower; 
 (v)    the making of dividends,
distributions or other payments; provided, that to the extent made with any cash or property received as a Restricted Payments made by Borrower or any of its Restricted Subsidiaries to Holdings pursuant to subsection 8.11, such dividend,
distribution or other payment shall be applied for the purposes for which such Restricted Payment was permitted to be made thereunder (and holding such cash or property pending such application thereof); 

(vi)    Investments by Holdings in Borrower and loans or advances by Holdings to Borrower to the extent
permitted by subsection 8.1(c)(i), and holding loans or advances made by Borrower or any Restricted Subsidiary permitted pursuant to subsection 8.6(f); and 

(vii)    providing indemnification to officers and directors. 

8.9.    Financial Covenant. Permit the Consolidated Total Net Leverage Ratio as of the last day of any fiscal
quarter or fiscal year ending during any period set forth below to be greater than the ratio set forth below opposite such period: 
  

			
	 Period Ended
	  	 Ratio

	 December 31,2016
	  	8.50:1.00
	 March 31, 2017
	  	8.50:1.00
	 June 30,2017
	  	8.25:1.00
	 September 30,2017
	  	8.00:1.00
	 December 31,2017
	  	7.75:1.00
	 March 31, 2018
	  	7.50:1.00
	 June 30,2018
	  	7.00:1.00
	 September 30,2018
	  	7.00:1.00
	 December 31, 2018
	  	6.75:1.00
	 March 31, 2019
	  	6.50:1.00
	 June 30, 2019
	  	6.50:1.00
	 September 30, 2019
	  	6.25:1.00

  
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	 Period Ended
	  	 Ratio

	 December 31,2019
	  	6.25:1.00
	 March 31, 2020
	  	6.00:1.00
	 June 30,2020
	  	6.00:1.00
	 September 30,2020
	  	5.75:1.00
	 December 31, 2020
	  	5.75:1.00
	 March 31,2021 and thereafter
	  	5.50:1.00

 8.10.    Clauses Restricting Subsidiary Distributions. Enter into or suffer to
exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary of Borrower to (a) make Restricted Payments in respect of any Capital Stock of such Restricted Subsidiary held by, or pay any
Indebtedness owed to, Borrower or any other Restricted Subsidiary of Borrower, (b) make loans or advances to, or other Investments in, or guarantee Indebtedness of, Borrower or any other Restricted Subsidiary of Borrower or (c) transfer
any of its assets to Borrower or any other Restricted Subsidiary of Borrower, except for such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Credit Documents or any agreement set forth on
Schedule 8.10; (ii) on joint ventures permitted under subsection 8.6, (iii) applicable to an entity acquired pursuant to a Permitted Acquisition or other permitted Investment at the time such entity became a Restricted Subsidiary, so long as
such restriction or encumbrance was not created in contemplation of or in connection with such Permitted Acquisition or Investment and applies only to such entity and its subsidiaries; (iv) any restrictions with respect to a Subsidiary or
assets imposed pursuant to an agreement that has been entered into in connection with the disposition of all or substantially all of the Capital Stock or assets of such Subsidiary or other disposition permitted pursuant to subsection 8.5, as
applicable, provided such restrictions apply only to the Subsidiary or assets to be disposed of and such disposition is permitted hereunder; (v) restrictions on Restricted Subsidiaries pursuant to Indebtedness of such Restricted
Subsidiaries permitted hereunder, which such restrictions are customary for such type of Indebtedness; (vi) any restrictions and conditions imposed by law; (vii) customary provisions in leases, licenses and other contracts restricting the
assignment thereof; (viii) Contractual Obligations that are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such Contractual Obligations were not entered into in
contemplation of such Person becoming a Restricted Subsidiary or of this provision; (ix) Contractual Obligations that arise in connection with cash or other deposits permitted under subsection 8.1 or are restrictions on net worth, cash or other
deposits imposed by customers, suppliers, landlords or other holder of a Lien permitted pursuant to subsection 8.2 under contracts entered into in the ordinary course of business, (x) clause (c) of the foregoing shall not apply to restrictions
or conditions (A) that are customary provisions in leases, licenses and other contracts restricting the assignment thereof and any right of first refusal, (B) imposed by any agreement relating to secured Indebtedness permitted by this
Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness and (C) imposed by agreements relating to Indebtedness of Non-Credit Parties permitted by this
Agreement and (xi) any encumbrance or restrictions imposed by any modifications, amendments or Refinancings that are otherwise permitted pursuant to this Agreement of the contracts, instruments or obligations referred to in the preceding
clauses (i) through (x) so long as such modification, amendment or Refinancing (taken as a whole) does not materially expand the scope of such Contractual Obligation (as reasonably determined by Borrower). 

8.11.    Restricted Payments. Declare, make or pay any Restricted Payments on any shares of any class of Capital
Stock, either directly or indirectly, except that: 
 (a)    Restricted Subsidiaries may pay Restricted
Payments pro rata to the holders of their Capital Stock (giving effect to relative preferences and priorities); 

  
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 (b)    Borrower and its Restricted Subsidiaries may pay
or make Restricted Payments or distributions to any holder of its Permitted Securities in the form of additional shares of Permitted Securities of the same class and type; 

(c)    Borrower may make Restricted Payments to Holdings to pay (or to make a payment to any direct or
indirect parent of Holdings to enable it to pay) for the repurchase of shares of Capital Stock of Holdings (or any direct or indirect parent of Holdings) owned by former, present or future employees, consultants, directors, managers or officers of
Holdings (or any direct or indirect parent of Holdings) or their assigns, estates and heirs; provided that the aggregate amount of Restricted Payments made by Borrower pursuant to this paragraph (c) shall not in the aggregate exceed
$3,000,000 in any fiscal year and $10,000,000 in the aggregate (in each case, net of Returns received by Holdings (or any direct or indirect parent of Holdings) and contributed to Borrower subsequent to the date hereof in connection with resales of
any Capital Stock so purchased, except to the extent such Returns have been applied to increase the Available Amount pursuant to clause (d) of the definition thereof); provided that the cancellation of Indebtedness owing to Holdings (or
any direct or indirect parent of Holdings), Borrower or any of its Restricted Subsidiaries in connection with a repurchase of any such Capital Stock and the redemption or cancellation of such Capital Stock without cash payment will not be deemed to
constitute a Restricted Payment for purposes of this covenant or any other provision of this Agreement; 

(d)    [reserved]; 

(e)    Borrower may make Restricted Payments to Holdings to pay (or to make a payment to any direct or
indirect parent of Holdings to enable it to pay) corporate overhead expenses incurred in the ordinary course and as may be necessary to permit Holdings (or any direct or indirect parent thereof) to pay their expenses and liabilities incurred in the
ordinary course, including, without limitation, (i) customary and reasonable salary, bonus and other benefits payable to officers, employees and consultants of Holdings (or any direct or indirect parent thereof), (ii) customary and reasonable
fees and expenses paid to members of the Board of Directors of Holdings or any direct or indirect parent thereof or payments in respect of indemnification obligations to such board members and (iii) reasonable general corporate overhead
expenses of Holdings or any direct or indirect parent thereof, to the extent allocable to the operations of Borrower and its Restricted Subsidiaries; provided that the aggregate amount of Restricted Payments made by Borrower pursuant to this
paragraph (e) shall not exceed $1,750,000 in any fiscal year; 
 (f) (i) for so long as Borrower and Holdings are
treated as pass-through entities for federal and applicable state and local income tax purposes, Borrower and Holdings may make Tax Distributions to their direct or indirect equityholders and (ii) from and after the time that Borrower and
Holdings are members (or disregarded entities owned by members) of a group filing a consolidated, combined or unitary return for federal, state or local income Tax purposes, Borrower may make Restricted Payments to Holdings to pay (or to make a
payment to any direct or indirect parent of Holdings to enable it to pay) federal, state and local income Taxes then due and owing, in an aggregate amount not to exceed the amount of the relevant federal and/or state income Taxes that Parent would
be required to pay if it filed a consolidated, combined or unitary return for the relevant federal and/or state income Tax purposes as the common parent of a group, but only including Parent, Holdings, Borrower and Borrower’s eligible
Subsidiaries (including Taxes, if any, attributable to any such Subsidiary that is deconsolidated from the group during such taxable year); provided, however, that in computing such Tax, in the cases of Parent and Holdings, only income
attributable to each such entity’s direct or indirect ownership of Borrower and Borrower’s Subsidiaries shall be included; 

  
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 (g)    Borrower may make Restricted Payments to Holdings
to pay (or to make a payment to any direct or indirect parent of Holdings to enable it to pay) franchise taxes, Taxes and other similar fees and expenses (including licensing expenses), in each case required to maintain its corporate existence; 

(h)    [reserved]; 

(i)    Borrower and its Restricted Subsidiaries may make Restricted Payments in an amount not to exceed the
Available Amount; provided that at the time of each such Restricted Payment, and giving pro forma effect thereto, (x) except to the extent such Restricted Payments are made in reliance on clause (c) of the definition of
“Available Amount”, no Event of Default exists and (y) except to the extent such Restricted Payments are made in reliance on clauses (c), (d) or (e) of the definition of “Available Amount”, the Consolidated Total Net
Leverage Ratio does not exceed 4.00:1.00; 
 (j)    Borrower may repurchase Permitted Securities of
Borrower deemed to occur upon exercise of stock options or warrants, if such Permitted Securities represent a portion of the exercise price of such options or warrants; 

(k)    payments in lieu of the issuance of fractional shares in connection with the exercise of warrants,
options or other securities convertible into or exchangeable for Permitted Securities of Borrower; 

(l)    the making of any Restricted Payment in exchange for, or out of the cash proceeds of the
substantially concurrent contribution to, or issuance of Permitted Securities by, Borrower, excluding any Cure Amount or Excluded Claim Payment; 

(m)    payments permitted by subsection 8.12(g), (h) and (i); 

(n)    Restricted Payments to effect the Merger, related transactions contemplated by the Merger Agreement
and the Transactions; and 
 (o)    other Restricted Payments in an amount not to exceed $2,500,000 so
long as no Event of Default exists before or after giving effect to any such Restricted Payment; 

8.12.    Transactions with Affiliates. Enter into any transaction, including, without limitation, any purchase,
sale, lease or exchange of property or the rendering of any service, with any Affiliate except for transactions which are otherwise permitted under this Agreement, which are upon terms no less favorable (taken as a whole) to Borrower or such
Restricted Subsidiary than it would obtain in a hypothetical comparable ann’s length transaction with a Person not an Affiliate; provided that nothing in this subsection 8.12 shall prohibit Borrower or its Subsidiaries from engaging in the
following transactions: (a) transactions between or among Credit Parties or any entity that becomes a Credit Party as a result of such Transaction, (b) the performance of Borrower’s or any Subsidiary’s obligations under any
employment contract, collective bargaining agreement, employee benefit plan, related trust agreement or any other similar arrangement on the Closing Date or thereafter entered into in the ordinary course of business, (c) the payment of fees,
compensation (including severance) and other benefits to, and customary indemnity and reimbursement provided on behalf of, employees, officers, directors or consultants of Holdings, Borrower or any Subsidiary in the ordinary course of business,
(d) the maintenance of benefit programs or arrangements for employees, officers or directors, including, without limitation, vacation plans, health and life insurance plans, deferred compensation plans, and retirement or savings plans and
similar plans, in each case, in the ordinary course of business, (e) transactions permitted 

  
 107 

 
by subsection 8.11, (f) transactions existing on the Closing Date and included on Schedule 8.12 on the terms in effect on the Closing Date or pursuant to any amendments thereto to the
extent such amendments are not materially less favorable to the Credit Parties than those provided for in the original agreements (as determined in good faith by Borrower), (g) either by Borrower directly or by Holdings following a cash dividend
from Borrower to pay such amounts, tire payment or reimbursement of all reasonable out- of-pocket expenses (including the reasonable fees, charges and disbursements of
any counsel) and any indemnities incurred by the Sponsor or its Affiliates and pursuant to management agreements with the Sponsor in connection with (A) the Transactions; (B) any amendments, modifications or waivers of the provisions of
the Credit Documents (whether or not the transactions contemplated hereby or thereby shall be consummated or any such amendment, modification or waiver becomes effective) or (C) their investment in Borrower and participation in the management
and affairs of the Credit Parties, (h) the payment of customary management, consulting and monitoring or advisory fees to the Sponsor or its Affiliates in an aggregate amount not to exceed the sum of (x) $2,000,000 in any year plus any unpaid
management, consulting and monitoring advisory fees accrued in any prior year plus (y) amounts prefunded on the Closing Date and paid within eighteen (18) months of the Closing Date, (i) customary payments to the Sponsor or its
Affiliates made for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities (including in connection with acquisitions or divestitures) in an amount not to exceed 2.0% of the value
of any such transaction, (j) [reserved], (k) the issuance of Permitted Securities and any transaction where the consideration is paid solely with the proceeds of Permitted Securities, (1) transactions permitted by subsections 8.6 (other than
clause (i)), (m) Investments in Subsidiaries or joint ventures permitted under subsection 8.6., to the extent such Investment is in the form of a capital contribution or purchase of additional Capital Stock, (n) transactions between or among
Credit Parties and Restricted Subsidiaries in the ordinary course of business or an express provision of this Section 8, (o) any transaction or series of related transactions between or among Credit Parties and Restricted Subsidiaries involving
aggregate consideration not exceeding $5,000,000, (p)(i) the Transactions and the payment of fees and expenses in connection therewith and (ii) any payments required to be made pursuant to the Merger Agreement and (q) transactions pursuant
to the subsection 11.6(j) with Affiliated Lenders. 
 8.13.    Changes in Fiscal Year. Pennit (a) the
fiscal year of Borrower to end on a day other than on December 31 in any calendar year or (b) any change in the method of determining the Borrower’s fiscal quarters or fiscal months; provided, however, Borrower may, upon
written notice to the Administrative Agent, change such fiscal year (and the fiscal year of the Restricted Subsidiaries) to any other fiscal year, or change such method of detennining such fiscal quarter or fiscal month in any way, reasonably
acceptable to the Administrative Agent, in which case, Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement and to the covenants contained herein that are that are reasonably
necessary in order to reflect such change. 
 8.14.    Lines of Business. Engage in any material line of
business substantially different from the lines of business in which Borrower and any of its Subsidiaries are engaged on the Closing Date (or which are substantially related, complementary or ancillary thereto or are reasonable extensions thereof
and non-core incidental businesses acquired in connection with any Acquisition or permitted Investment). 

8.15.    Prepayments and Amendments of Certain Junior Indebtedness. (a) Optionally prepay, retire, redeem,
purchase or defease, or make or arrange for any mandatory prepayment, retirement, redemption, purchase or defeasance of any outstanding Junior Indebtedness (other than intercompany Indebtedness) of Borrower and its Restricted Subsidiaries (other
than (1) any refinancing of Indebtedness permitted by this Agreement, (2) any payments expressly permitted by the subordination provisions approved by the Administrative Agent and the Required Lenders pursuant to subsection 8.1(e) and
payments expressly approved in writing by the Required Lenders, (3) payments 

  
 108 

 
made in an amount not to exceed the Available Amount (provided that at the time of each such payment is made, and giving pro forma effect thereto, (x) except to the extent such
payments are made in reliance on clause (c) of the definition of “Available Amount”, no Event of Default exists and (y) except to the extent such payments are made in reliance on clauses (c), (d) or (e) of the definition of
“Available Amount”, the Consolidated Total Net Leverage Ratio does not exceed 4.25:1.00) and (4) the conversion or exchange of Indebtedness for or into Permitted Securities); or (b) except as permitted by the terms of any
subordination and/or intercreditor agreement governing such Junior Indebtedness to which the Administrative Agent is a party or which the Administrative Agent had previously deemed satisfactory, waive, amend, supplement, modify, terminate or release
any of the provisions with respect to any Junior Indebtedness of Borrower or any of its Restricted Subsidiaries if the effect of such amendment is to: (A) increase the interest rate on such Indebtedness; (B) shorten the dates upon which
payments of principal or interest are due on such Indebtedness; (C) add or change in a manner adverse to Borrower or any Credit Party any event of default or add or make more restrictive any covenant with respect to such Indebtedness;
(D) change in a manner adverse to Borrower or any Credit Party the prepayment provisions of such Indebtedness; (E) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); or (F) change or
amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any Credit Party, the Administrative
Agent or the Lenders; provided that the foregoing shall not prohibit any amendment or modification of Subordinated Indebtedness if Borrower would be permitted to incur such Subordinated Indebtedness, as so amended or modified, under subsection
8.1(e). 
 8.16.    Negative Pledges. Except with respect to prohibitions against other encumbrances on specific
property encumbered to secure payment of particular Indebtedness permitted hereunder, customary prohibitions in joint venture agreements with respect to the Capital Stock or assets of such joint venture, or prohibitions in license agreements under
which Borrower or any of its Restricted Subsidiaries is the licensee, enter into any agreement prohibiting the creation or assumption of any Lien upon its properties or assets, whether owned on the Closing Date or thereafter acquired, except
pursuant to (a) the Credit Documents, (b) any other agreement that does not restrict in any manner (directly or indirectly) Liens created pursuant to the Credit Documents on Collateral (whether owned on the Closing Date or thereafter
acquired) securing the Obligations and does not require the direct or indirect granting of any Lien securing any Indebtedness or other obligation by virtue of the granting of Liens on or pledge of Collateral to secure the Obligations, (c) any
industrial revenue or development bonds, acquisition agreement or operating leases of real property and equipment entered into in the ordinary course of business, (d) restrictions or encumbrances applicable to (i) an entity acquired
pursuant to a Permitted Acquisition at the time such entity became a Restricted Subsidiary or (ii) an Unrestricted Subsidiary redesignated as a Restricted Subsidiary at the time such Unrestricted Subsidiary is redesignated as a Restricted
Subsidiary, so long as such restriction or encumbrance was not created in contemplation of or in connection with such Pennitted Acquisition or redesignation and applies only to such entity and its subsidiaries or assets, (e) restrictions and
conditions imposed by law, (f) restrictions and conditions existing on the Closing Date identified on Schedule 8.16, (g) customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary or any assets
pending such sale; provided that such restrictions and conditions apply only to the Subsidiary or assets that is or are to be sold and such sale is permitted hereunder, (h) restrictions or conditions imposed by any agreement relating to
secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (i) restrictions in Indebtedness of a Non-Credit Party
pennitted by this Agreement, (i) customary provisions in leases and other contracts restricting the assignments thereof, (j) Contractual Obligations that arise in connection with cash or other deposits pennitted under subsection 8.12 or
are restrictions on net worth, cash or other deposits imposed by customers under contracts entered into in the ordinary course of business or other holders of Pennitted Liens and (k) restrictions imposed by any modifications, amendments or
Refinancings that are otherwise pennitted pursuant to this Agreement 

  
 109 

 
of the contracts, instruments or obligations referred to in the preceding clauses (a) through (j) so long as such modification, amendment or Refinancing (taken as a whole) does not
materially expand the scope of such Contractual Obligation (as reasonably determined by Borrower). 
 8.17.    Sales
and Leasebacks. Except as provided in subsection 8.1 or 8.5, enter into any arrangement with any Person providing for the leasing by Borrower or any Restricted Subsidiary of real or personal property that has been or is to be sold or transferred
by Borrower or such Restricted Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of Borrower or such Restricted Subsidiary. 

8.18.    Use of Proceeds. Use the proceeds of the Loans and request the issuance of Letters of Credit only for the
purposes specified in subsection 5.21. 
 SECTION 9. EVENTS OF DEFAULT 

(A) Upon the occurrence and during the continuance of any of the following events: 

(a)    Borrower shall fail to (i) pay any principal of any Loan or Note when due in accordance with the terms hereof
or thereof or to reimburse the Issuing Lender in accordance with subsection 3.7 or (ii) pay any interest on any Loan or Note or any other amount payable under any Credit Document within three Business Days after any such interest or other
amount becomes due in accordance with the terms thereof or hereof; or 
 (b) (i) on the Closing Date, any Specified Representation shall
prove to have been incorrect in any material respect as of the Closing Date, (ii) to the extent the proceeds of any Incremental Facility are used to finance a Permitted Acquisition or other Investment subject to customary “funds certain
provisions”, on any date Increased Amount Date, any Specified Representation shall prove to have been incorrect in any material respect as of such Increased Amount Date and (iii) on any other date, any representation or warranty made or
deemed made by any Credit Party in any Credit Document shall prove to have been incorrect in any material respect on or as of the date made or deemed made (and in any respect if qualified by materiality); or 

(c)    Borrower shall default in the observance or performance of any agreement contained in subsection 7.3 (solely with
respect to the legal existence of Borrower in its jurisdiction of organization), subsection 7.6(a) (provided that, unless the Administrative Agent has commenced the exercise of any remedy under the Credit Documents or applicable law on the
basis of such Event of Default, the delivery of a notice of Event of Default at any time will cure an Event of Default under this subsection 9(A)(c) arising from the failure of Borrower or any Restricted Subsidiary to timely deliver such notice of
Event of Default) or Section 8 of this Agreement or Holdings shall default in the observance of performance of any agreement contained in subsection 8.8 of this Agreement; or 

(d)    Any Credit Party shall default in the observance or performance of any other agreement contained in any Credit
Document (other than those contained in clause (a) or (c) of this Section 9) and such default shall continue unremedied for a period of 30 days after Borrower’s receipt of written notice of such default from the Administrative Agent
or the Required Lenders; or 
 (e)    With respect to any Indebtedness with an aggregate amount in excess of $7,500,000
(other than the Loans and L/C Obligations), (A) Borrower or any of its Material Subsidiaries that are Restricted Subsidiaries shall (i) default in any payment of principal of or interest on or other amounts in respect of any Indebtedness (other
than the Loans, the L/C Obligations and any intercompany debt), beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was 

  
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created; or (ii) default (after giving effect to any applicable grace period and notice requirement) in the observance or performance of any other agreement or condition relating to any such
Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit (with all
applicable grace periods having expired and all required notices having been given) 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 such Indebtedness to
become due prior to its stated maturity (or in the case of Hedge Agreements, to be terminated) to become payable, (B) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by regularly scheduled required
repayment prior to the stated maturity thereof, or (C) any such Indebtedness shall mature and remain unpaid, in each case, other than any required repayment of Indebtedness secured by assets that are disposed of or subject to any Destruction,
to the extent repayment of such Indebtedness is required as a result of such event pursuant to the terms thereof, provided that this clause (e) shall not apply to any such failure that (x) is remedied by Borrower or applicable
Restricted Subsidiary or (y) waived (including in the form of amendment) by the requisite holders of the applicable item of Indebtedness, in either case, prior to such time as the Administrative Agent or Secured Party has commenced the exercise
of any remedy under the Credit Documents or applicable law on the basis of such Event of Default; or 
 (f) (i) Holdings, Borrower or any
of Borrower’s Material Subsidiaries that are Restricted Subsidiaries shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian or other similar official for it or for all
or any substantial part of its assets, or Holdings, Borrower or any of Borrower’s Material Subsidiaries that are Restricted Subsidiaries shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced
against Holdings, Borrower or any of Borrower’s Material Subsidiaries that are Restricted Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above, and such case, proceeding or other action remains
undismissed or unstayed for 60 days or more or such court shall enter a decree or order granting the relief sought in such case, proceeding or action; or (iii) there shall be commenced against Holdings, Borrower or any of Borrower’s
Material Subsidiaries that are Restricted Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets, and such case,
proceeding or other action remains undismissed or unstayed for 60 days or more or such court shall enter a decree or order granting the relief sought in such case, proceeding or action; or (iv) Holdings, Borrower or any of Borrower’s
Material Subsidiaries that are Restricted Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii) or (iii) above; or (v) Holdings,
Borrower or any of Borrower’s Material Subsidiaries that are Restricted Subsidiaries shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 

(g)    [Reserved]; or 

(h)    One or more final non-appealable judgments or decrees shall be entered
against Borrower or any of its Material Subsidiaries that are Restricted Subsidiaries involving in the aggregate a liability (to the extent not paid or covered by insurance or indemnification as to which the relevant insurance company or third party
has not disputed coverage or out of proceeds from the Special Escrow Account) of $7,500,000 or more and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within the time required by the terms of
such judgment; or 
 (i)    Any material Credit Document shall cease, for any reason, to be in full force and effect or
Holdings, Borrower or any of its Subsidiaries shall so assert in writing, or any Security Document shall cease 

  
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to give the Administrative Agent for the benefit of the Secured Parties any material right, power or privilege purported to be created thereby or cease to be effective to grant a perfected Lien
on any material portion of the Collateral described in such Security Document (in each case, if and to the extent required to be perfected under the applicable Security Document) with the priority purported to be created thereby (other than solely
as a result of any action or inaction by the Administrative Agent), subject to such exceptions as may be permitted therein or herein; or 

(j)    There shall have occurred a Change of Control; 

then, and in any such event, (x) if such event is an Event of Default specified in paragraph (f) above with respect to Borrower,
automatically (i) the Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the Notes shall immediately become due and payable, and (ii) all
obligations of Borrower in respect of the Letters of Credit, although contingent and unmatured, shall become immediately due and payable and the Issuing Lender’s obligations to issue the Letters of Credit shall immediately terminate and
(y) if such event is any other Event of Default, so long as any such Event of Default shall be continuing, the following actions may be taken: with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the
Required Lenders, the Administrative Agent shall, by notice of default to Borrower, (a) declare all or a portion of the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the Notes to be due and
payable forthwith, whereupon the same shall immediately become due and payable, and (b) declare all or a portion of the obligations of Borrower in respect of the Letters of Credit, although contingent and unmatured, to be due and payable
forthwith, whereupon the same shall immediately become due and payable and/or demand that Borrower discharge any or all of the obligations supported by the Letters of Credit by paying or prepaying any amount due or to become due in respect of such
obligations. All payments under this Section 9 on account of undrawn Letters of Credit shall be made by Borrower directly to a cash collateral account established by the Administrative Agent for such purpose for application to Borrower’s
reimbursement obligations under subsection 3.7 as drafts are presented under the Letters of Credit, (x) with the balance, if any, to be applied to Borrower’s obligations under this Agreement and the Notes in the manner set forth in the
Guarantee and Collateral Agreement and (y) after all Letters of Credit have terminated in accordance with their terms (or been fully drawn upon), and after all obligations under this Agreement and the Notes have been paid in full (other than
ongoing indemnity obligations where no demand for payment has been made), any excess amounts on deposit shall be returned to Borrower. Except as expressly provided above in this Section 9, presentment, demand, protest and all other notices of
any kind are hereby expressly waived. 
 (B) Notwithstanding anything to the contrary contained in this Section 9, in
the event that Borrower fails to comply with the requirements of subsection 8.9, from the day after the end of the applicable four fiscal quarter period until the expiration of the twelfth Business Day subsequent to the date the Officer’s
Certificate contemplated by subsection 7.2(a) is required to be delivered for such fiscal period, Borrower shall have the right (the “Cure Right”) to issue Permitted Securities for cash or otherwise receive cash common equity
contributions to its capital or other equity contributions on terms in the nature of Permitted Securities or otherwise reasonably satisfactory to the Administrative Agent (in either case, the “Cure Amount”) and upon exercise of such
Cure Right, such subsection 8.9(A) and/or (B), as the case may be, shall be recalculated giving effect to the following pro forma adjustments: 

(a)    Consolidated EBITDA shall be increased, solely for the purpose of measuring such compliance with the requirements
of such subsection for such fiscal quarter and any subsequent Test Period that includes such fiscal quarter and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; and 

  
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 (b)    If, after giving effect to the foregoing recalculations,
Borrower shall then be in compliance with the requirements of such subsection, Borrower shall be deemed to have satisfied the requirements of such subsection 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 or Event of Default of such subsection that had occurred shall be deemed cured for purposes of this Agreement. 

Notwithstanding anything herein to the contrary, (i) in each four fiscal-quarter period there shall be at least two fiscal
quarters during which the Cure Right is not exercised, (ii) the Cure Right shall not be exercised more than five times during the term of this Agreement, (iii) the Cure Amount shall be no greater than the amount required for purposes of
complying with the subsection 8.9, (iv) the Cure Amount shall be disregarded for any purpose other than the measurement of compliance with such subsection (and, for the avoidance of doubt, the Cure Amount shall not be included in the calculation of
any basket, threshold, exception or Applicable Margin calculation for any purpose and shall not result in any adjustment to any amounts (including the amount of Indebtedness) at the end of such current (but no other) fiscal quarter other than as
expressly provided in this subsection 9(B)) and (v) Borrower shall comply with subsection 4.5(a). 
 Neither the
Administrative Agent nor any Lender or Secured Party shall exercise any remedy under the Credit Documents or applicable law on the basis of an Event of Default caused by the failure to comply with subsection 8.9 (including any failure to deliver
notice thereof) until after Borrower’s ability exercise its Cure Right has lapsed and Borrower has not exercised the Cure Right. 

SECTION 10. THE AGENTS AND THE ISSUING LENDER 

10.1.    Appointment and Duties. 

(a)    Appointment of Administrative Agent and Administrative Agent. Each Lender and each Issuing
Lender hereby appoints Ares Capital (together with any successor Administrative Agent pursuant to subsection 10.9) as the Administrative Agent hereunder and authorizes the Administrative Agent to (x) execute and deliver the Credit Documents and
accept delivery thereof on its behalf from any Credit Party, (y) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to the Administrative Agent under such Credit
Documents and (z) exercise such powers as are reasonably incidental thereto. 
 (b)    Duties as
Collateral and Disbursing Agent. Without limiting the generality of clause (a) above: 

(i)     the Administrative Agent shall have the sole and exclusive right and authority (to the exclusion
of the Lenders and Issuing Lenders), and is hereby authorized, to (t) except as otherwise provided in clause (ii) of this paragraph (b), to act as the disbursing and collecting agent for the Lenders and the Issuing Lenders with respect to all
payments and collections arising in connection with the Credit Documents (including in any proceeding described in subsection 9(A)(f) or any other bankruptcy, insolvency or similar proceeding), and each Person making any payment in connection with
any Credit Document to any Secured Party is hereby authorized to make such payment to the Administrative Agent, (u) file and prove claims and file other documents necessary or desirable to allow the claims of the Secured Parties with respect to
any Obligation in any proceeding described in subsection 9(A)(1) or any other bankruptcy, insolvency or similar proceeding (but not to vote, consent or otherwise act on behalf of such Secured Party), (v) act as collateral agent for 

  
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each Secured Party for purposes of the perfection of all Liens created by such agreements and all other purposes stated therein, (w) manage, supervise and otherwise deal with the Collateral,
(x) take such other action as is necessary or desirable to maintain the perfection and priority of the Liens created or purported to be created by the Credit Documents, (y) except as may be otherwise specified in any Credit Document,
exercise all remedies given to the Administrative Agent and the other Secured Parties with respect to the Collateral, whether under the Credit Documents, applicable Law or otherwise and (z) execute any amendment, consent or waiver under the
Credit Documents on behalf of any Lender that has consented in writing to such amendment, consent or waiver; provided, however, that the Administrative Agent hereby appoints, authorizes and directs each Lender and Issuing Lender to act
as collateral sub-agent for the Administrative Agent, the Lenders and the Issuing Lenders for purposes of the perfection of all Liens with respect to the Collateral, including any deposit account maintained by
a Credit Party with, and cash and Cash Equivalents held by, such Lender or Issuing Lender, and may further authorize and direct such Lenders and the Issuing Lenders to take further actions as collateral
sub-agents for purposes of enforcing such Liens or otherwise to transfer the Collateral subject thereto to the Administrative Agent and each Lender and Issuing Lender hereby agrees to take such further actions
to the extent, and only to the extent, so authorized and directed; and 
 (ii) the Administrative Agent shall have the sole
and exclusive right and authority (to the exclusion of the Administrative Agent, the Lenders and Issuing Lenders), and is hereby authorized, to (x) act as the disbursing and collecting agent for the Revolving Credit Lenders and the Issuing
Lenders with respect to all payments made in respect of the Revolving Credit Loans and L/C Obligations and fees related thereto, all as more specifically provided in Section 3 and (y) to perform such other duties and exercise such other
powers as are specifically provided to the Administrative Agent in this Agreement. 
 (c)    Limited
Duties. Under the Credit Documents, the Administrative Agent (i) is acting solely on behalf of the Lenders or the Revolving Credit Lenders and the Issuing Lenders, as applicable (except to the limited extent provided in subsection 11.6(d)
with respect to the Register and in subsection 10.11), with duties that are entirely administrative in nature, notwithstanding the use of the defined terms “Administrative Agent” and “Administrative Agent”, the terms
“administrative agent,” “agent”, “collateral agent” and similar terms in any Credit Document to refer to the Administrative Agent or the Administrative Agent, as the case may be, which terms are used for title purposes
only, (ii) is not assuming any obligation under any Credit Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, Issuing Lender or any other Secured Party and (iii) shall have
no implied functions, responsibilities, duties, obligations or other liabilities under any Credit Document, and each Lender and Issuing Lender hereby waives and agrees not to assert any claim against the Administrative Agent or the Administrative
Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. 

10.2.    Binding Effect. Each Lender and each Issuing Lender agrees that (i) any action taken by the
Administrative Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions of the Credit Documents, (ii) any action taken by the Administrative Agent in reliance upon
the instructions of Required Lenders (or, where so required, such greater proportion) and (iii) the exercise by the Administrative Agent (or, where so required, such greater proportion) of the powers set forth herein or therein, together with
such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Secured Parties. 

  
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 10.3.    Use of Discretion. 

(a)    No Action without Instructions. The Administrative Agent shall not be required to exercise
any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Credit Document or (ii) pursuant to instructions from the
Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders). 

(b)    Right Not to Follow Certain Instructions. Notwithstanding clause (a) above, no
Agent shall be required to take, or to omit to take, any action (i) unless, upon demand, the Administrative Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Administrative
Agent, any other Secured Party) against all Liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against the Administrative Agent or any Affiliate thereof or (ii) that is, in the opinion of the
Administrative Agent or its counsel, contrary to any Credit Document or applicable Law. 
 10.4.    Delegation of
Rights and Duties. The Administrative Agent may, upon any term or condition it specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any
Credit Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any Secured
Party). Any such Person shall benefit from this Section 10 to the extent provided by the Administrative Agent. 

10.5.    Reliance and Liability. 

(a)    The Administrative Agent may, without incurring any liability hereunder, (i) treat the payee of
any Note as its holder until such Note has been assigned in accordance with subsection 11.6, (ii) rely on the Register, (iii) consult with any of its Affiliates or advisors and, whether or not selected by it, any other advisors, accountants and
other experts (including advisors to, and accountants and experts engaged by, any Credit Party) and (iv) rely and act upon any document and information (including those transmitted by Electronic Transmission) and any telephone message or
conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties. 

(b)    No Agent and none of the Affiliates of the Administrative Agent shall be liable for any action taken
or omitted to be taken by any of them under or in connection with any Credit Document, and each Lender, Issuing Lender, Holdings and Borrower hereby waive and shall not assert (and each of Holdings and Borrower shall cause each other Credit Party to
waive and agree not to assert) any right, claim or cause of action based thereon, except to the extent of liabilities resulting primarily from the gross negligence or willful misconduct of the Administrative Agent or, as the case may be, such
Affiliate (each as determined in a final, non-appealable judgment by a court of competent jurisdiction) in connection with the duties expressly set forth herein. Without limiting the foregoing, the
Administrative Agent: 
 (i)    shall not be responsible or otherwise incur liability for any action or
omission taken in reliance upon the instructions of the Required Lenders or for the actions or omissions of any of its Affiliates selected with reasonable care (other than employees, officers and directors of the Administrative Agent, when acting on
behalf of the Administrative Agent); 

  
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 (ii)    shall not be responsible to any Secured Party
for the due execution, legality, validity, enforceability, effectiveness, genuineness, sufficiency or value of, or the attachment, perfection or priority of any Lien created or purported to be created under or in connection with, any Credit
Document; 
 (iii)    makes no warranty or representation, and shall not be responsible, to any Secured
Party for any statement, document, information, representation or warranty made or furnished by or on behalf of any Affiliate or any Credit Party in connection with any Credit Document or any transaction contemplated therein or any other document or
information with respect to any Credit Party, whether or not transmitted or (except for documents expressly required under any Credit Document to be transmitted to the Lenders) omitted to be transmitted by the Administrative Agent, including as to
completeness, accuracy, scope or adequacy thereof, or for the scope, nature or results of any due diligence performed by the Administrative Agent in connection with the Credit Documents; and 

(iv)    shall not have any duty to ascertain or to inquire as to the performance or observance of any
provision of any Credit Document, whether any condition set forth in any Credit Document is satisfied or waived, as to the financial condition of any Credit Party or as to the existence or continuation or possible occurrence or continuation of any
Default or Event of Default and shall not be deemed to have notice or knowledge of such occurrence or continuation unless it has received a notice from Borrower, any Lender or Issuing Lender describing such Default or Event of Default clearly
labeled “notice of default” (in which case the Administrative Agent shall promptly give notice of such receipt to all Lenders); 

and, for each of the items set forth in clauses (i) through (iv) above, each Lender, Issuing Lender, Holdings and Borrower
hereby waives and agrees not to assert (and each of Holdings and Borrower shall cause each other Credit Party to waive and agree not to assert) any right, claim or cause of action it might have against the Administrative Agent based thereon. 

10.6.    Administrative Agent Individually. The Administrative Agent and its Affiliates may make loans and other
extensions of credit to, acquire stock and stock equivalents of, engage in any kind of business with, any Credit Party or Affiliate thereof as though it were not acting as Administrative Agent and may receive separate fees and other payments
therefor. To the extent the Administrative Agent or any of its Affiliates makes any Loan or otherwise becomes a Lender hereunder, it shall have and may exercise the same rights and powers hereunder and shall be subject to the same obligations and
liabilities as any other Lender and the terms “Lender”, “Revolving Credit Lender”, “Term Lender”, “Required Lender” and any similar terms shall, except where otherwise expressly provided in any Credit
Document, include, without limitation, the Administrative Agent or such Affiliate, as the case may be, in its individual capacity as Lender, Revolving Credit Lender, Term Lender or as one of the Required Lenders, respectively. 

  
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 10.7.    Lender Credit Decision. 

(a)    Each Lender and each Issuing Lender acknowledges that it shall, independently and without reliance
upon the Administrative Agent, any Lender or Issuing Lender or any of their Affiliates or upon any document, solely or in part because such document was transmitted by the Administrative Agent or any of its Affiliates, conduct its own independent
investigation of the financial condition and affairs of each Credit Party and make and continue to make its own credit decisions in connection with entering into, and taking or not taking any action under, any Credit Document or with respect to any
transaction contemplated in any Credit Document, in each case based on such documents and information as it shall deem appropriate. Except for documents expressly required by any Credit Document to be transmitted by die Administrative Agent to the
Lenders or Issuing Lenders, the Administrative Agent shall not have any duty or responsibility to provide any Lender or Issuing Lender with any credit or other information concerning the business, prospects, operations, property, financial and other
condition or creditworthiness of any Credit Party or any Affiliate of any Credit Party that may come in to the possession of the Administrative Agent or any of its Affiliates. 

(b)    If any Lender or Issuing Lender has elected to abstain from receiving material non-public information (“MNPI”) concerning the Credit Parties or their Affiliates, such Lender or Issuing Lender acknowledges that, notwithstanding such election, the Administrative Agent and/or the
Credit Parties will, from time to time, make available syndicate-information (which may contain MNPI) as required by the terms of, or in the course of administering the Loans to the credit contact(s) identified for receipt of such information on the
Lender’s administrative questionnaire who are able to receive and use all syndicate-level information (which may contain MNPI) in accordance with such Lender’s compliance policies and contractual obligations and applicable law, including
federal and state securities laws; provided, that if such contact is not so identified in such questionnaire, the relevant Lender or Issuing Bank hereby agrees to promptly (and in any event within one (1) Business Day) provide such a contact to
the Administrative Agent and the Credit Parties upon request therefor by the Administrative Agent or the Credit Parties. Notwithstanding such Lender’s or Issuing Lender’s election to abstain from receiving MNPI, such Lender or Issuing Bank
acknowledges that if such Lender or Issuing Bank chooses to communicate with the Administrative Agent, it assumes the risk of receiving MNPI concerning the Credit Parties or their Affiliates. 

10.8.    Expenses; Indemnities. 

(a)    Each Lender agrees to reimburse the Administrative Agent and each of its Affiliates (to the extent
not reimbursed by any Credit Party) promptly upon demand for such Lender’s Commitment Percentage with respect to the Facilities (in the case of the Administrative Agent and its Affiliates) of any costs and expenses (including fees, charges and
disbursements of financial, legal and other advisors and Other Taxes paid in the name of, or on behalf of, any Credit Party) that may be incurred by the Administrative Agent or any of its Affiliates in connection with the preparation, syndication,
execution, delivery, administration, modification, consent, waiver or enforcement (whether through negotiations, through any work-out, bankruptcy, restructuring or other legal or other proceeding or otherwise)
of, or legal advice in respect of its rights or responsibilities under, any Credit Document. 

(b)    Each Lender further agrees to indemnify the Administrative Agent and each of its Affiliates (to the
extent not reimbursed by any Credit Party) from and against such Lender’s aggregate Commitment Percentage with respect to the Facilities (in the case of the Administrative Agent and its Affiliates) of the Liabilities (including taxes, interests
and penalties imposed for not properly withholding or backup withholding on payments made to on or for the account of any Lender) that may be imposed on, incurred by or asserted against the Administrative Agent or any of its Affiliates in any matter
relating to or arising out of, in connection with or as a result of any Credit Document or any 

  
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other act, event or transaction related, contemplated in or attendant to any such document, or, in each case, any action taken or omitted to be taken by the Administrative Agent or any of its
Affiliates under or with respect to any of the foregoing; provided, however, that no Lender shall be liable to the Administrative Agent or any of its Affiliates to the extent such liability has resulted primarily from the gross
negligence or willful misconduct of the Administrative Agent or, as the case may be, such Affiliate, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. 

(c)    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 any payment has been made to any Lender by the Administrative Agent without the applicable withholding Tax being withheld from such payment and such Administrative Agent has
paid over the applicable withholding Tax to the Internal Revenue Service or any other Governmental Authority, or the Internal Revenue Service or any other Governmental Authority asserts a claim that such Administrative Agent did not properly
withhold Tax from amounts paid to or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify such Administrative Agent of a change in circumstance which
rendered the exemption from, or reduction of, withholding Tax ineffective or for any other reason, such Lender shall indemnify such Administrative Agent fully for all amounts paid, directly or indirectly, by such Administrative Agent as Tax or
otherwise, including any penalties or interest and together with all expenses (including legal expenses, allocated internal costs and out-of-pocket expenses) incurred.

 10.9.    Resignation of Administrative Agent or Issuing Lender. 

(a)    The Administrative Agent may resign at any time by delivering notice of such resignation to the
Lenders and Borrower, effective on the date set forth in such notice or, if not such date is set forth therein, upon the date such notice shall be effective. If the Administrative Agent delivers any such notice, the Required Lenders shall have the
right to appoint a successor Administrative Agent. If, within 30 days after the retiring Administrative Agent having given notice of resignation, no successor Administrative Agent has been appointed by the Required Lenders, that has accepted such
appointment, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent from among the Lenders. Each appointment under this clause (a) shall be subject to the prior consent of Borrower,
which may not be unreasonably withheld but shall not be required during the continuance of an Event of Default under subsections 9(A)(a) or 9(A)(f). 

(b)    Effective immediately upon its resignation, (i) the retiring Administrative Agent shall be
discharged from its duties and obligations under the Credit Documents, (ii) the Lenders shall assume and perform all of the duties of the Administrative Agent and the Revolving Credit Lenders shall assume and perform all of the duties of the
retiring Administrative Agent, in each case, until a successor Administrative Agent or Administrative Agent, as the case may be, shall have accepted a valid appointment hereunder, (iii) the retiring Agent and its Affiliates shall no longer have
the benefit of any provision of any Credit Document other than with respect to any actions taken or omitted to be taken while such retiring Agent was, or because the Administrative Agent had been, validly acting as Administrative Agent or
Administrative Agent, as the case may be, under the Credit Documents and (iv) subject to its rights under subsection 10.3, the retiring Agent shall take such action as may be reasonably necessary to assign to the successor Agent its rights as
Administrative Agent under the Credit Documents. Effective immediately upon its acceptance of a valid appointment as Administrative Agent or Administrative Agent, as the case may be, a successor Administrative Agent or Administrative Agent, as the
case may be, shall succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Administrative Agent or Administrative Agent, as the case may be, under the Credit Documents. 

  
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 (c)    Any Issuing Lender may resign at any time by
delivering notice of such resignation to the Administrative Agent, effective on the date set forth in such notice or, if no such date is set forth therein, on the date such notice shall be effective. Upon such resignation, the Issuing Lender shall
remain an Issuing Lender and shall retain its rights and obligations in its capacity as such (other than any obligation to Issue Letters of Credit but including the right to receive fees or to have Lenders participate in any L/C Reimbursement
Obligation thereof) with respect to Letters of Credit issued by such Issuing Lender prior to the date of such resignation and shall otherwise be discharged from all other duties and obligations under the Credit Documents. 

10.10.    Additional Secured Parties. The benefit of the provisions of the Credit Documents directly relating to
the Collateral or any Lien granted thereunder shall extend to and be available to any Secured Party that is not a Lender or Issuing Lender as long as, by accepting such benefits, such Secured Party agrees, as among the Administrative Agent and all
other Secured Parties, that such Secured Party is bound by (and, if requested by the Administrative Agent, shall confirm such agreement in a writing in form and substance acceptable to the Administrative Agent) this Section 10, subsection
11.6(f), and subsection 11.7 and the decisions and actions of the Administrative Agent and the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders) to the same extent a Lender is bound;
provided, however, that, notwithstanding the foregoing, (a) such Secured Party shall be bound by subsection 10.8 only to the extent of Liabilities, costs and expenses with respect to or otherwise relating to the Collateral held for the
benefit of such Secured Party, in which case the obligations of such Secured Party thereunder shall not be limited by any concept of Commitment Percentage or similar concept, (b) except as set forth specifically herein, each of the
Administrative Agent, the Lenders and the Issuing Lenders shall be entitled to act at its sole discretion, without regard to the interest of such Secured Party, regardless of whether any Obligation to such Secured Party thereafter remains
outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise affected or put in jeopardy thereby, and without any duty or liability to such Secured Party or any such Obligation and (c) except as set forth
specifically herein, such Secured Party shall not have any right to be notified of, consent to, direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under any Credit Document 

10.11.    Release of Collateral or Guarantors; Subordination of Liens. 

(a) Each Secured Party hereby consents to the release, and hereby directs the Administrative Agent to release, the following:

 (i)    any Subsidiary of a Borrower from its guaranty of any Obligation if all of the Equity
Interests of such Subsidiary owned by any Credit Party is sold or transferred in a transaction permitted under the Credit Documents (including pursuant to a valid waiver or consent), to the extent that, after giving effect to such transaction, such
Subsidiary would not be required to guaranty any Obligations pursuant to subsection 7.10; 
 (ii)    any
Lien held by the Administrative Agent for the benefit of the Secured Parties against any Collateral that is sold, transferred, conveyed or otherwise disposed of by a Credit Party to a Person that is not a Credit Party in a transaction permitted by
the Credit Documents (including pursuant to a valid waiver or consent), to the extent all Liens required to be granted in such Collateral pursuant to subsection 7.10 after giving effect to such transaction have been granted; and 

  
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 (iii)    all Liens held by the Administrative Agent for
the benefit of the Secured Parties against all Collateral, and all Credit Parties from their Obligations, in each case upon the occurrence of (x) the indefeasible payment in full of the Loans and all the other Obligations (other than unasserted
expense reimbursement and contingent indemnity obligations), (y) the expiration or termination of all Commitments hereunder and (z) the cash collateralization, cancellation or backing by standby Letters of Credit of all outstanding L/C
Obligations in the manner provided in subsection 3.13. 
 (b)    With respect to any asset of a Credit
Party covered by a Permitted Lien, each Secured Party hereby consents to the subordination by the Administrative Agent of any Lien held by the Administrative Agent in and to such asset to the Liens constituting such Permitted Liens 

10.12.    Third Party Beneficiaries. The Credit Parties shall be third party beneficiaries under
subsections 10.1,10.9,10.11 and this subsection 10.12. 
 SECTION 11. MISCELLANEOUS 

11.1.    Amendments and Waivers. Except as otherwise expressly set forth in this Agreement, no Credit Document nor
any terms thereof may be amended, supplemented, waived or modified except in accordance with the provisions of this subsection 11.1. The Required Lenders and the applicable Credit Parties or their Subsidiaries may, from time to time, enter into
written amendments, supplements or modifications hereto for the purpose of adding any provisions to any Credit Document to which they are parties or changing in any manner the rights of the Lenders or of any such Credit Party or its Subsidiaries
thereunder or waiving, on such tenns and conditions as the Required Lenders (other than with respect to any amendment or waiver contemplated by paragraphs (a) through (f) below, which shall only require the consent of the Lenders expressly set
forth therein and not the consent of the Required Lenders) may specify in such instrument, any of the requirements of any such Credit Document or any Default or Event of Default and its consequences; provided that: 

(a)    no such waiver and no such amendment, supplement or modification shall release all or substantially
all of the Collateral or release all or substantially all the value of the Guarantees, in any such case without the written consent of all Lenders; provided that, notwithstanding the foregoing, this paragraph (a) shall not be applicable
to and no consent shall be required for (x) the subordination of liens in Collateral in connection with any Liens permitted pursuant to subsection 8.2 and releases of Collateral in connection with any dispositions permitted by subsection 8.4 or
8.5, as it may be amended from time to time, or in connection with the enforcement of rights and remedies by the Administrative Agent in accordance with the tenns of the Credit Documents, (y) release of any Guarantor in connection with the sale
or other disposition of a Guarantor (or all or substantially all of its assets) pennitted by this Agreement, as it may be amended from time to time, or (z) amendments to any applicable intercreditor or subordination agreements entered into by
the Administrative Agent for the purpose of effectuating the terms, or carrying out the purpose, thereof; 

(b)    subject to subsection 11.1(f), no such waiver and no such amendment, supplement or modification
shall (1) forgive the principal amount or extend tire final scheduled date of maturity of any Loan or Note (provided that the waiver of any mandatory prepayment under subsection 4.5, waiver of any condition set forth in Section 6 or the
waiver of any Default or Event of Default shall not be considered extensions or forgiveness of principal amounts), (2) extend the stated expiration date 

  
 120 

 
of any Letter of Credit beyond the Revolving Credit Termination Date as then in effect, (3) reduce the stated rate of any interest, fee or letter of credit commissions payable hereunder
(except in connection with the waiver of any Default or Event of Default or applicability of any post-default increase in interests, fees or letter of credit commission, and it being further understood and agreed that any amendment or modification
to the financial definitions in this Agreement shall not constitute a reduction in the rate of interest, fees or letter of credit commissions for the purposes of this clause (b)), (4) extend the scheduled date of any payment of any interest, fee or
commitment commission, (5) increase the amount or extend the date of the Commitments of any Lender except as a result of an Incremental Loan Amendment or Extension Election entered into or accepted by such Lender, respectively, pursuant to this
Agreement (it being understood that waivers or modifications of conditions precedent, covenants or any definition set forth therein or principally used therein, Defaults or Events of Defaults or of mandatory prepayments or reductions in the
Commitments shall not constitute an increase in the Commitments of any Lender), (6) modify subsections 4.12 or 11.7(a) in a manner that would alter the pro rata sharing of payments or other amounts required thereby (for the avoidance of doubt, this
Section shall not limit the ability of Holdings, any Borrower or any Restricted Subsidiary, to the extent expressly permitted by the tenns of this Agreement, to (i) purchase and retire Term Loans pursuant to an open market purchase or a
“Dutch auction” or other debt buyback or (ii) pay principal, fees, premiums and interest with respect to Replacement Tenn Loans, Incremental Loans or Extended Term Loans or Extended Revolving Credit Commitments following the
effectiveness of any amendment with respect to Replacement Term Loans, any Extension Election or Incremental Loan Amendment, as applicable, on a basis different from the Loans of such Class that will continue to be held by Lenders that were not
Extending Term Lenders, Lenders with an Extended Revolving Credit Commitment or Lenders pursuant to such Incremental Loan Amendment or amendment with respect to Replacement Tenn Loans, as applicable)), or (7) modify, or with respect to any
Borrowing, waive, any condition set forth in Section 6 (other than any waiver of a Default or Event of Default previously approved by the Required Lenders and not in connection with any current request for a Borrowing solely for the purpose of
satisfying any such condition), in each case (other than clause (2)), without the written consent of each Lender whose obligations, Loans or Commitments, as the case may be, held hereunder are directly adversely affected thereby and in the case of
clause (2), without the written consent of the Issuing Lender with respect to that Letter of Credit; 

(c)    no such waiver and no such amendment, supplement or modification shall amend, modify or waive any
provision of this subsection 11.1 (except for technical amendments with respect to additional extensions of credit pursuant to this Agreement which afford the protections to such additional extensions of credit of the type provided to the Loans and
the Commitments on the Closing Date), consent to the assignment or transfer by Borrower of any of its rights and obligations under this Agreement and the other Credit Documents (except to the extent expressly permitted by subsection 8.4), or reduce
any percentage specified in the definition of Required Lenders (it being understood that, with the consent of the Administrative Agent but without the consent of any Lender, additional extensions of credit pursuant to this Agreement may be included
in the determination of the Required Lenders on substantially the same basis as the extensions of Loans and Revolving Credit Commitments are included in the Closing Date), in each case without the written consent of all Lenders; 

(d)    no such waiver and no such amendment, supplement or modification affecting the Administrative Agent
or Issuing Lender shall amend, modify or waive any of its rights hereunder (in such capacity) without the written consent of the Administrative Agent or Issuing Lender, as the case may be; 

  
 121 

 (e)    without the consent of any Lender, the Credit
Parties and the Administrative Agent may (in their respective sole discretion, or shall, to the extent required by any Credit Document) enter into any amendment, modification or waiver of any Credit Document, or enter into any new agreement or
instrument, to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional Property to become Collateral for the benefit of the Secured Parties, or as required by local law to give
effect to, or protect any security interest for the benefit of the Secured Parties, in any Property or so that the security interests therein comply with applicable law; and 

(f)    with respect to any Incremental Facility, Extended Tenn Loans, Extended Revolving Credit Commitments
and Replacement Term Loans, the related Incremental Loan Amendment, Loan Modification Offer, Extension Notice or amendment in respect of a Replacement Term Loan, and any waiver, consent or other amendment to any term or provision of this Agreement
necessary or advisable to effectuate any Incremental Facility, Extended Term Loans, Extended Revolving Credit Commitments and Replacement Term Loans or any provision thereof in accordance with the terms of, or the intent of, this Agreement, shall be
effective when executed by Borrower, the Administrative Agent, (x) in the case of any Incremental Revolving Credit Commitments, the Administrative Agent, and each Incremental Term Lender making the related Incremental Term Commitment or
Incremental Revolving Lender making the related Incremental Revolving Credit Commitment, as the case may be, (y) (i) in the case of any Extended Revolving Credit Commitment, the Administrative Agent and each Revolving Credit Lender with an
Extended Revolving Credit Commitment and (ii) in the case of any Extended Term Loans, each Extending Term Lender and (z) with respect to any Replacement Tenn Loans, the Lenders providing such Replacement Term Loans; 

provided, further, that notwithstanding anything to the contrary, any such waiver and any such amendment, supplement or modification described in this
subsection 11.1 shall apply equally to each of the Lenders and shall be binding upon each Credit Party, the Lenders, the Administrative Agent and the Issuing Lender and all future holders of the Notes and the Loans. Any extension of a Letter of
Credit by the Issuing Lender shall be treated hereunder as a new Letter of Credit. In the case of any waiver, the Credit Parties, the Lenders, the Administrative Agent and Issuing Lender shall be restored to their former position and rights
hereunder and under the outstanding Notes, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right
consequent thereon. The Administrative Agent may, but shall have no obligation to, with the written concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective
only in the specific instance and for the specific purpose for which it was given. No notice to or demand on Borrower in any case shall entitle Borrower to any other or further notice or demand in similar or other circumstances. 

Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with the written consent of the Lenders extending such
credit, the Administrative Agent and Borrower (a) to add one or more additional credit facilities not otherwise permitted or contemplated by this Agreement to this Agreement and to permit the extensions of credit from time to time outstanding
thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Credit Documents with the Loans and the accrued interest and fees in respect thereof, (b) to include appropriately
the Lenders holding such credit facilities in any detennination of the Required Lenders and (c) to allow Borrower to prepay Loans of a Tranche on a non-pro rata basis in connection with
offers made to all the Lenders of such Tranche pursuant to procedures approved by the Administrative Agent. 

  
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 In addition, notwithstanding the foregoing, this Agreement may be amended with the written
consent of the Administrative Agent, Borrower and the Lenders providing the relevant Replacement Term Loans (as defined below) to permit the refinancing of all outstanding Tenn Loans (“Refinanced Tenn Loans”) with a replacement term
loan tranche hereunder (“Replacement Term Loans”); provided that (a) the aggregate principal amount of such Replacement Tenn Loans shall not exceed the aggregate principal amount of such Refinanced Term Loans (plus
accrued interest, fees, expenses and premium, including, if applicable, pursuant to subsection 4.7(d)), (b) the Applicable Margin for such Replacement Term Loans shall not be higher than the Applicable Margin for such Refinanced Term Loans unless
the maturity is at least one year later than the maturity of the Refinanced Tenn Loans, (c) the Weighted Average Life to Maturity of such Replacement Term Loans shall not be shorter than the Weighted Average Life to Maturity of such Refinanced Term
Loans at the time of such refinancing (except by virtue of amortization or prepayment of the Refinanced Term Loans prior to the time of such incurrence), (d) all other terms applicable to such Replacement Term Loans (taken as a whole) shall be
substantially identical to, or less favorable to the Lenders providing such Replacement Term Loans than, those applicable to such Refinanced Term Loans, except to the extent necessary to provide for covenants and other terms applicable to any period
after the latest final maturity of the Term Loans in effect immediately prior to such refinancing and (e) the proceeds of such Replacement Tenn Loans shall immediately be applied to repay the Refinanced Term Loans (plus accrued interest, fees,
expenses and premium, including, if applicable, pursuant to subsection 4.7(d)). 
 In connection with an amendment that addresses solely a re-pricing transaction in which any Class of Term Loans is refinanced with a replacement Class of Tenn Loans bearing (or is modified in such a manner such that the resulting term loans bear) a lower yield
(calculated in a manner consistent with subsection 2.3(e)(vi)) (a “Permitted Repricing Amendment”), only the consent of the Lenders holding Term Loans subject to such permitted repricing transaction that will continue as a Lender in
respect of the repriced tranche of Term Loans or modified Term Loans shall be required for such Permitted Repricing Amendment. 
 In
addition, the Administrative Agent and Borrower may amend any Credit Document to correct administrative or manifest errors or omissions, or to effect administrative changes that are not adverse to any Lender; provided that no such amendment
shall become effective until the fifth Business Day after it has been posted to the Lenders, and then only if the Required Lenders have not objected in writing thereto within such five Business Day period. 

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 and (y) any waiver, amendment or modification requiring the consent of (I) all Lenders or (II) each directly and
adversely affected Lender (in the case of this clause (II), to the extent such Defaulting Lender is directly and adversely affected) shall require the consent of such Defaulting Lender. 

Each Secured Party hereby agrees that the Administrative Agent may enter into any intercreditor agreement and/or subordination agreement
pursuant to, or contemplated by, the terms of this Agreement (including with respect to Indebtedness permitted pursuant to subsection 8.1 and defined terms referenced therein) on its behalf, may make such other changes to the applicable
intercreditor agreement and/or subordination agreement as, in the good faith determination of the Administrative Agent, are required to effectuate the foregoing and agrees to be bound by the terms thereof and, in each case, consents and agrees to
the appoint of Ares Capital (or its affiliated designee) on its behalf as collateral agent, respectively, thereunder. 

  
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 If, in connection with any proposed amendment, modification, waiver or termination
requiring the consent of all affected Lenders, the consent of the Required Lenders or 50.1% of the affected Lenders is obtained but the consent of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained
as described in this subsection 11.1 being referred to as a “Non-Consenting Lender”), then, at Borrower’s request, the Administrative Agent or an Eligible Assignee shall have the right,
subject to compliance with subsection 11.6, to purchase from such Non- Consenting Lender, and such Non-Consenting Lender agrees that it shall, upon Borrower’s
request, sell and assign to the Administrative Agent or such Eligible Assignee, all of the Commitments and Loans of such Non-Consenting Lender for an amount equal to the principal balance of all Loans held by
the Non- Consenting Lender and all accrued interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment and Assumption,
provided that Borrower shall have first paid to such Non-Consenting Lender all monies other than principal, interest and fees accrued and owing to it hereunder (including pursuant to subsections 4.7,
4.13, 4.14 and 4.15). Any Non-Consenting Lender being replaced pursuant to this subsection 11.1 shall (i) execute and deliver an Assignment and Assumption with respect to such Non-Consenting Lender’s applicable Commitment and outstanding Loans and L/C Participating Interests in respect thereof, and (ii) deliver any Notes evidencing such
Non-Consenting Loans to Borrower or the Administrative Agent. In connection with any such replacement, if any such Non-Consenting Lender does not execute and deliver to
the Administrative Agent a duly executed Assignment and Assumption reflecting such replacement within five Business Days of the date on which the assignee Lender executes and delivers such Assignment and Assumption to such Non-Consenting Lender, then such Non-Consenting Lender shall be deemed to have executed and delivered such Assignment and Assumption without any action on the part of the Non- Consenting Lender. No action by or consent of the Non-Consenting Lender shall be necessary in connection with such assignment, which shall be immediately and
automatically effective upon payment of such purchase price. 
 11.2.    Notices. All notices, requests and
demands to or upon the respective parties hereto to be effective shall be in writing and delivered, faxed, mailed or emailed, and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or
three Business Days after being deposited in the mail, postage prepaid, or, in the case of fax or email notice, when sent, confirmation of receipt received, addressed as follows in the case of Borrower or any other Credit Party or the Administrative
Agent and in the case of any Lender as set forth in the Assignment and Assumption pursuant to which such Lender shall have become a party hereto, or to such other address as may be notified after the Closing Date by the respective parties hereto and
any future holders of the Notes: 
  

			
	Borrower:	  	Clearwater Analytics, LLC
		  	777 W. Main Street
		  	Suite 900
		  	Boise, ID 83702
		  	Attention: Controller, Finance Department
		  	Telecopy: [***]
		  	Telephone: [***]
		
	with a copy of notices (that will not constitute notice) to:	  	 Kirkland & Ellis LLP
 300 N
LaSalle

		  	Chicago, IL 60654
		  	Attention: Christopher Butler, P.C.
		  	Telecopy: [***]
		  	Telephone: [***]

  
 124 

 
			
		  	and
		
		  	Welsh, Carson, Anderson & Stowe XII, L.P.
		  	320 Park Avenue, Suite 2500
		  	New York, NY 10022
		  	Attention: Chris Solomon
		  	Telecopy.: [***]
		  	Telephone [***]
		
	The Administrative Agent and Issuing Lender:	  	Ares Capital Corporation
		  	245 Park Avenue, 44th Floor
		  	New York, NY 10167
		  	Attention:         Raymond L. Wright
		  	Telecopy:         [***]
		  	Email:               [***]
		
	with a copy of notices (that will not constitute notice) to:	  	 Proskauer Rose LLP
 Eleven Times
Square

		  	New York, NY 10036
		  	Attention: Justin Breen, Esq.
		  	Telecopy: [***]
		  	Telephone: [***]

 ; provided that any notice, request or demand to or upon the Administrative Agent or the Lenders pursuant
to subsections 3.4, 4.1, 4.2, 4.3 and 4.4 shall not be effective until received and; provided, farther, that the failure to provide the copies of notices to Borrower provided for in this subsection 11.2 shall not result in any liability to
the Administrative Agent. 
 11.3.    No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law. 
 11.4.    Survival of Representations and Warranties. All representations and
warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement, the Letters of Credit and the Notes and the making of the
extensions of credit hereunder. 
 11.5.    Payment of Expenses; Indemnification. (a) Borrower agrees to
pay (i) all reasonable out of pocket expenses incurred by the Administrative Agent and its respective Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent (provided that, in the
case of legal fees, Borrower’s obligations under this clause (i) shall be limited for each such party to reasonable and documented fees, charges and expenses of one primary counsel, and to the extent necessary, one local counsel in each
relevant jurisdiction and, solely in the event of any actual conflict of interest, one additional counsel to all similarly situated persons) in connection with the preparation and administration of the Credit Documents or any amendments,
modifications or waivers of the provisions thereof (whether or not such amendment, modification or waiver becomes effective), 

  
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(ii) all reasonable and documented out of pocket expenses incurred by the Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for
payment thereunder and (iii) all reasonable and documented out of pocket expenses incurred by the Administrative Agent, the Issuing Lender or any other Lender, including the reasonable fees, charges and disbursements of any counsel for the
Administrative Agent, the Issuing Lender or any other Lender (provided that, in the case of legal fees, Borrower’s obligations under this clause (iii) shall be limited for the Administrative Agent, the Issuing Lender and the other
Lenders, taken as a whole, to reasonable and documented fees, charges and expenses of one primary counsel, and to the extent necessary, one local counsel in each relevant jurisdiction and, solely in the event of any actual conflict of interest, one
additional counsel to all similarly situated persons), in connection with the enforcement or protection of their rights in connection with the Credit Documents, including their rights under this subsection 11.5, or in connection with the Loans made,
or Letters of Credit issued or drawn hereunder, including all such out of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b)    The Credit Parties agree, jointly and severally, to indemnify the Administrative Agent, the Issuing
Lender and each Lender, and each of the Affiliates, officers, directors, employees, agents, trustees, advisors and controlled parties 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 one counsel (and environmental consultants or professionals) for the Administrative
Agent, the Issuing Lender and the other Lenders, taken as a whole, (and one local counsel in each applicable jurisdiction for each group and, in the event of any actual conflict of interest, one additional counsel of each type to the affected
parties), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of any Credit Document or any other agreement or instrument contemplated hereby, the performance by the
parties to the Credit Documents of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including
any refusal by an Issuing Lender 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, at, under or from any Mortgaged Property or any other property currently or formerly owned, leased or otherwise operated by Borrower or any of its Subsidiaries, or any liability or obligation under Environmental
Laws related in any way to Borrower or any of its Subsidiaries or (iv) any actual or prospective claim, complaint, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and
regardless of whether any Indemnitee is a party thereto or whether such matter is initiated by a third party or by Borrower, any other Credit Party or any of their respective Affiliates; provided that such indemnity shall not, in each case,
as to any Indemnitee, be available (i) to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith,
gross negligence, material breach of this Agreement or other Credit Documents or willful misconduct or fraud of such Indemnitee (or any of its Affiliates, officers, directors, employees, representatives, agents and third party advisors), (ii) to the
extent that such losses, claims, damages, liabilities or related expenses relate to a dispute solely among Indemnified Persons not arising from a breach by any Credit Party of any of its obligations hereunder that does not involve, result from or
relate to, directly or indirectly, any act or omission by any Credit Party or its Affiliates or (iii) any settlement is effected without Borrower’s consent (not to be unreasonably withheld, conditions or delayed); provided, further,
that each Indemnitee agrees (by accepting the benefits hereof) to refund and return any and all amounts paid by Borrower to such Indemnitee to the extent any of the foregoing items described in clauses (i) through (iii) occurs. This subsection
11.5(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

  
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 (c)    To the extent that a Credit Party fails to pay
any amount required to be paid by them to the Administrative Agent or an Issuing Lender under paragraph (a) or (b) of this subsection 11.5, each Lender severally agrees to pay to the Administrative Agent, or each Revolving Credit Lender
severally agrees to pay to such Issuing Lender, as the case may be, such Lender’s or such Revolving Credit 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 Administrative Agent or such Issuing Lender in its capacity as
such. For purposes hereof, a Lender’s or Revolving Credit Lender’s “pro rata share” shall be determined based upon its share of the sum of the aggregate amount of the total Term Loans and Revolving Credit Commitments and/or
Incremental Revolving Credit Commitments (whether used or unused) (or, following termination of the Revolving Credit Commitments and any Incremental Revolving Credit Commitments, of the outstanding Revolving Credit Loans and Incremental Revolving
Credit Loans), or its Revolving Credit Commitment Percentage, as the case may be, at the time. 

(d)    To the extent permitted by applicable law, no party hereto (and by its acceptance of the terms
hereof, no Indemnitee) shall assert, and each party hereto (and by its acceptance of the terms hereof, each Indemnitee) hereby waives, any claim 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 or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

(e)    All amounts due under this subsection 11.5 shall be payable promptly, and in any event within ten
business days, after delivery of a reasonably detailed invoice therefor. 
 (f) The Credit Parties shall indemnify the
Administrative Agent, the Lenders and each Issuing Lender for, and hold the Administrative Agent, the Lenders and each Issuing Lender harmless from and against, any and all claims for brokerage commissions, fees and other compensation made against
the Administrative Agent, the Lenders and the Issuing Lender for any broker, finder or consultant with respect to any agreement, arrangement or understanding made by or on behalf of Borrower or any of Borrower’s Subsidiaries in connection with
the transactions contemplated by this Agreement. 
 (g) The Credit Parties agree that any indemnification or other protection
provided to any Indemnitee pursuant to this Agreement (including pursuant to this subsection 11.5) or any other Credit Document shall (i) survive the payment in full of the Obligations, the expiration of the Commitments, the expiration of any
Letter of Credit, the invalidity or unenforceability of any tenn or provision of this Agreement or any other Credit Document or any investigation made by or on behalf of the Administrative Agent, any Lender or the Issuing Lender, (ii) survive
the release of all or any portion of the Collateral and (iii) inure to the benefit of any Person that was at any time an Indemnitee under this Agreement or any other Credit Document. 

11.6.    Successors and Assigns; Participations and Assignments. (a) This Agreement shall be binding upon and
inure to the benefit of the Credit Parties, the Lenders, the Administrative Agent, all future holders of the Notes and the Loans, and their respective successors and assigns, except that Borrower may not assign or transfer any of its rights or
obligations under this Agreement without the prior written consent of each Lender. 
 (b) Any Lender may, in the ordinary
course of its commercial banking, lending or investment business and in accordance with applicable law, at any time sell to one or more banks or other financial institutions (other than Disqualified Lenders unless an Event of Default exists under

  
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subsections 9(A)(a) or 9(A)(f)), Borrower or its Subsidiaries or Affiliates (“Participants”) participating interests in any Loan owing to such Lender, any participating interest
in the Letters of Credit of such Lender, any Note held by such Lender, any Commitment of such Lender or any other interest of such Lender hereunder. In the event of any such sale by a Lender of participating interests to a Participant, such
Lender’s obligations under this Agreement to the other parties to this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Note for all
purposes under this Agreement and Borrower and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Credit Documents.
Borrower agrees that if amounts outstanding under this Agreement and the Notes are due and unpaid, or shall have been declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have
the right of set-off in respect of its participating interest in amounts owing under this Agreement and any Note to the same extent as if the amount of its participating interest were owing directly to it as a
Lender under this Agreement or any Note; provided that such right of set-off shall be subject to the obligation of such Participant to share with the Lenders, and the Lenders agree to share with such
Participant, as provided in subsection 11.7. Borrower also agrees that each Participant shall be entitled to the benefits of subsections 3.9,4.14 and 4.15 (subject to the conditions and requirements of each) with respect to its participation in the
Letters of Credit and in the Commitments and the Loans outstanding from time to time as if it were a Lender; provided that such Participant agrees to comply with subsection 4.14(d)(iv) as if it were a Lender; provided further that no
Participant shall be entitled to receive any greater amount pursuant to any such subsection than the transferor Lender would have been entitled to receive in respect of the amount of the participation transferred by such transferor Lender to such
Participant had no such transfer occurred. Each Lender agrees that the participation agreement pursuant to which any Participant acquires its participating interest (or any other document) may afford voting rights to such Participant, or any right
to instruct such Lender with respect to voting hereunder, only with respect to matters requiring the consent of either all of the Lenders hereunder or all of the Lenders (or all affected Lenders if such Participant is an affected Lender) holding the
relevant Term Loans or Revolving Credit Commitments and/or Incremental Revolving Credit Commitments subject to such participation. Each Lender that sells a participation, which for purposes of this subsection 11.6(b) only shall be deemed to be the
agent of Borrower, shall 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 Credit Documents
(the “Participant Register”). No Lender shall have any obligation to disclose all or any portion of the Participant Register to Borrower or any other Person (including the existence or identity of any Participant or any infonnation
relating to a Participant’s interest in the Loans or other obligations under this Agreement) except that the portion of such Participant Register relating to any Participant requesting payment from Borrower under any of subsections 3.9, 4.14 or
4.15 hereof shall be made available to Borrower and the Administrative Agent upon reasonable request and otherwise to the extent that such disclosure is necessary to establish that such Loans or other obligations are in “registered form”
under Section 5f.l 03-1 (c) of the applicable United States Treasury Regulations. The entries in the Participant Register shall be conclusive in the absence of 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. 

(c)     Subject to paragraph (g), paragraph (j) (with respect to Affiliated Lenders) and paragraph (k)
(with respect to Holdings, Borrower and their respective Subsidiaries) of this subsection 11.6, any Lender may at any time and from time to time, in the ordinary course of its commercial banking, lending or investment business and in accordance with
applicable law, assign to one or more Eligible Assignees all or any part of its rights and obligations under this Agreement and the Notes pursuant to an Assignment and Assumption executed by such Assignee and such assigning Lender, the

  
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Administrative Agent and, solely in the case of Revolving Credit Loans, Revolving Credit Commitments or Incremental Revolving Credit Commitments, the Issuing Lender, and delivered to the
Administrative Agent for its acceptance and recording in the Register. 
 Each sale pursuant to this subsection 11.6 shall be in a principal amount of at
least $1,000,000 (or such lesser amounts as the Administrative Agent and Borrower may determine) unless the assigning Lender is transferring all of its rights and obligations; provided that simultaneous assignments by or to two or more
Approved Funds shall be combined for purposes of determining whether the minimum assignment requirement is met. The parties to each assignment shall (A) execute and deliver to the Administrative Agent an Assignment and Assumption via an
electronic settlement system acceptable to the Administrative Agent or (B) if previously agreed with the Administrative Agent, manually execute and deliver to the Administrative Agent an Assignment and Assumption, and, in each case, 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), and 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 Credit
Parties and their Affiliates and the officers, directors, employees, agents and attomeys-in-fact of each of the foregoing, 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. In the event of a sale of less than all of
such rights and obligations, such Lender after any such sale shall retain Tenn Loans aggregating at least $1,000,000 and/or Revolving Credit Loans and/or Revolving Credit Commitments and/or L/C Participating Interests aggregating at least $1,000,000
(or in such lesser amount as the Administrative Agent and Borrower may determine). Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such Assignment and Assumption, (x) the
Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and Assumption and subject to clause (j) below, have the rights and obligations of a Lender hereunder with a Commitment as set forth therein, and
(y) the assigning Lender thereunder shall, to the extent of the interest transferred, as reflected in such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption
covering all or the remaining portion of a transferor Lender’s rights and obligations under this Agreement, such transferor Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of the indemnification
provisions set forth in subsection 11.5); provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender. 
 (d)    The Administrative Agent,
which for purposes of this subsection 11.6(d) only shall be deemed to be the agent of Borrower, shall maintain at the address of the Administrative Agent referred to in subsection 11.2 a copy of each Assignment and Assumption delivered to it and a
register (collectively, the “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 owing to, each Lender from time to time. The
entries in the Register shall be conclusive in the absence of manifest error, and Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register as the owner of a Loan or other obligation hereunder
as the owner thereof for all purposes of this Agreement and the other Credit Documents, notwithstanding any notice to the contrary. Any assignment of any Loan or other obligation hereunder shall be effective only upon appropriate entries with
respect thereto being made in the Register. The Register shall be available for inspection by Borrower, the other Agent, or any Lender at any reasonable time and from time to time upon reasonable prior notice. This subsection shall be construed so
that the Loans and any other obligations, if any, are at all times maintained in “registered form” for U.S. federal income tax purposes. 

  
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 (e)    Upon its receipt of an Assignment and Assumption
executed by an assigning Lender and an Assignee (and by Borrower, the Administrative Agent and the Issuing Lender to the extent required by paragraph (c) of this subsection 11.6), together with payment to the Administrative Agent of the
recordation and processing fee and, if applicable, an Administrative Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), and any applicable tax forms, the Administrative Agent shall
(i) promptly accept such Assignment and Assumption and (ii) on the effective date determined pursuant thereto record the information contained therein in the Register (and no such assignment shall become effective unless and until so
recorded). On or prior to such effective date, Borrower at its own expense, shall execute and deliver to the Administrative Agent (in exchange for any or all of the Term Notes or Revolving Credit Notes of the assigning Lender, if any (or if any Note
is lost, an affidavit of such loss and indemnity satisfactory to Borrower)) new Term Notes or Revolving Credit Notes, as the case may be, such Assignee (if requested) in an amount equal to the Revolving Credit Commitment and/or Incremental Revolving
Credit Commitment or the Term Loans, as the case may be, assumed by it pursuant to such Assignment and Assumption and, if the assigning Lender has retained a Commitment or any Tenn Loans hereunder, new Term Notes or Revolving Credit Notes, as the
case may be, to the assigning Lender in an amount equal to the Commitment or such Term Loans, as the case may be, retained by it hereunder (if requested). 

(f)    The Administrative Agent and the Lenders agree that they will protect the confidentiality of any
confidential information concerning Borrower and its Subsidiaries and Affiliates. Each Credit Party authorizes each Lender to disclose (i) to its employees, officers, Affiliates and advisors, who shall be bound by the confidentiality provisions
hereof and the Administrative Agent or Lender shall be responsible for its employees’ and officers’ compliance with this paragraph, (ii) to any regulatory authority as requested or required by law or to any quasi- regulatory authority
(including any self-regulatory authority, such as the National Association of Insurance Commissioners) purporting to have jurisdiction over such Person (provided that prior to such disclosure, Borrower is given notice to the extent permitted by law
and such authority), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process (including, without limitation, in connection with filings, submissions and any other similar documentation required or
customary to comply with Securities and Exchange Commission filing requirements) (provided that prior to such disclosure, Borrower is given notice to the extent permitted by law), (iv) to (x) any Participant or Assignee (each, a
“Transferee”) and any prospective Transferee unless Borrower’s consent is required for any assignment to such Transferee (other than a Disqualified Lender unless an Event of Default exists under subsection 9(A)(a) or
9(A)(1)) and Borrower has affirmatively declined to consent to such assignment; provided that each Lender shall cause its respective prospective and actual Transferees to agree in writing to protect the confidentiality of any confidential
information concerning each Credit Party and its Subsidiaries and Affiliates and (y) any persons that hold a security interest in any Lender’s rights under this Agreement in accordance with subsection 11.6(h) (and those Persons for whose
benefit such holder of a security interest is acting), (v) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section, or (y) becomes available to the Administrative Agent, any Lender,
any Issuing Lender or any of their respective Affiliates on a nonconfidential basis from a source other than Borrower, provided that, to the knowledge of such Administrative Agent, Lender, Issuing Lender or Affiliate, as applicable, such source is
not bound by a confidentiality agreement with Borrower or any of its Affiliates, (vi) as may be required or appropriate in any report, statement or testimony submitted to any municipal, state or federal regulatory body having or claiming to
have jurisdiction over such party or to the Board of Governors of the Federal Reserve System or the Federal Deposit Insurance Corporation or similar organizations (whether in the United States or elsewhere) or their successors, (vii) as may be
required or appropriate in response to any summons or subpoena or in connection with any litigation or regulatory proceeding (provided that such party shall cooperate with Borrower to 

  
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oppose any such summons or subpoena provided that such party shall not be required to incur any costs and expenses in connection therewith, and to the extent incurred, any such costs and expenses
shall be subject to reimbursement pursuant to Section 11.5)), (viii) on a confidential basis to (a) any rating agency in connection with rating Borrower or its Subsidiaries or the Facilities or (b) the CUSIP Service Bureau or any
similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Facilities, (ix) to the extent necessary or customary for inclusion in league table measurements or (x) with the consent of Borrower;
provided, however, that each Credit Party acknowledges that the Administrative Agent has disclosed and may continue to disclose such information as the Administrative Agent in its sole discretion determines is appropriate to the Lenders from
time to time. 
 (g)    If, pursuant to this subsection 11.6, any interest in this Agreement or any Note
is transferred to any Transferee which is organized under the laws of any jurisdiction other than the United States or any State thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to
comply with the terms of this Agreement including without limitation subsection 4.14(d). 
 (h)    For
avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this subsection 11.6 concerning assignments of Loans and Notes relate only to absolute assignments and that such provisions do not prohibit assignments creating
security interests, including, without limitation, any pledge or assignment by a Lender of any Loan or Note to any Federal Reserve Bank in accordance with applicable law; provided that no such pledge or assignment of a security interest shall
release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(i)    Notwithstanding anything to the contrary contained herein, any Lender (the “Granting
Lender”) may grant to a special purpose funding vehicle (an “SPY”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and Borrower, the option to provide to Borrower all or
any part of any Loan that the Granting Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPV to make any Loan, (ii) if an SPV elects not to
exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPV hereunder shall utilize the Commitment of the
Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPV shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which
shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full
of all outstanding commercial paper or other senior indebtedness of any SPV, it will not institute against, or join any other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this subsection 11,6(i), any SPV may (i) with notice to, but without the prior written consent of, Borrower and the
Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to in writing by Borrower and Administrative Agent)
providing liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of Loans and (ii) disclose on a confidential basis, subject to and in accordance with subsection 11.6(f), any information relating
to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPV. This clause may not be amended without the written consent of any adversely affected SPV. 

  
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 (j)    Assignments to Affiliated Lenders pursuant to
subsection 11.6(c) shall be subject to the following additional conditions: 
 (i)    following any such
assignment, Affiliated Lenders will not be entitled to receive information provided solely to Lenders by the Administrative Agent or any Lender and will not be entitled to attend or participate in meetings attended solely by the Lenders and the
Administrative Agent; 
 (ii)    Affiliated Lenders will not be permitted to vote on matters submitted
to Lenders for consideration that require “Required Lender” consent, or on any Chapter 11 plan under the Bankruptcy Code, and their Tranche B Term Loan shall be disregarded in determining other Lenders’ commitment and Loan percentages
and the Affiliated Lenders will be deemed to have voted in the same proportion as Lenders that are not Affiliated Lenders voting on any such matter; provided that (A) the commitments of any Affiliated Lender shall not be increased,
(B) the due dates for payments of interest, fee and scheduled amortization (including at maturity) owed to any Affiliated Lender will not be extended, (C) the amounts owing to any Affiliated Lender will not be reduced without the consent
of such Affiliated Lender, (D) any amendment or other action that results in a disproportionate and adverse effect on an Affiliated Lender, in relation to all non-Affiliated Lenders’ Tranche B Tenn
Loan or otherwise require the consent of each Lender or each affected Lender, in each instance in (A) through (D), without the consent of such Affiliated Lender; provided, further, that any Affiliated Lender that holds Tenn Loans shall
receive any fee paid to consenting Lenders in connection with any amendment, modification, waiver, consent or other action with respect to any of the terms of any Credit Document or any departure by any Credit Party therefrom pursuant to subsection
11.1; 
 (iii)    no assignment of Revolving Credit Loans, Revolving Credit Commitments or Incremental
Revolving Credit Commitments may be made to any Affiliated Lender; 
 (iv)    the aggregate principal
amount of all Tenn Loans purchased by Affiliated Lenders may not exceed 25% of the aggregate principal amount of all Tenn Loans then outstanding at the time of purchase; 

(v)    any Term Loans assigned to an Affiliated Lender in accordance with this subsection may be
contributed to Holdings, Borrower or any of its Restricted Subsidiaries and be exchanged for Pennitted Securities of Borrower (or any debt or equity securities of its direct or indirect parent) to the extent otherwise pennitted herein; and 

(vi)    Affiliated Lenders shall not exceed in number (treating all Affiliated Lenders and their
Affiliates and Approved Funds as individual Lenders for purposes hereof) more than 49% of the aggregate number of Lenders at any time (treating a Lender and its Affiliates and Approved Funds as a single Lender when determining the aggregate number
of Lenders at any time) (it being agreed to and understood that if the foregoing would not be satisfied at any time, Affiliated Lenders shall only be required to assign Loans amongst themselves in order to satisfy the foregoing condition until only
one Affiliated Lender remains). 

  
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 (k)    Notwithstanding the foregoing, there shall be no
assignments to Holdings, Borrower or their respective Subsidiaries, except pursuant to the following: any Lender may assign all or a portion of its Tenn Loans to Holdings, Borrower or any of its Subsidiaries if (v) no Event of Default exists or
would exist after giving effect to such purchase, (w) such assignment is made pursuant to a bid made in the open market to all Lenders, on a pro rata basis, through tire Administrative Agent, (x) such assignment is not financed with the
proceeds of any Revolving Credit Loans, (y) after giving effect to such purchase, the amount of unrestricted cash and Cash Equivalents of Borrower and its subsidiaries at such time is greater than the outstanding amount of all Revolving Credit
Loans and L/C Obligations then outstanding and (z) any Tenn Loans so purchased shall be immediately cancelled. Upon any purchase of Term Loans pursuant to this clause (k), the remaining scheduled repayments of the Term Loans shall be reduced in
direct order of maturity by the principal amount of Term Loans so purchased and cancelled. 
 (l)    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 Borrower 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, the Issuing Lender and each Lender hereunder (and interest accrued
thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit in accordance with its Revolving Credit Commitment Percentage. 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. 
 11.7.    Adjustments; Set
off. (a) If any relevant Lender (a “benefited Lender”) shall at any time receive any payment of all or part of any of its Loans or L/C Participating Interests, as the case may be, or interest thereon, or receive any
collateral in respect thereof (whether voluntarily or involuntarily, by set off, pursuant to events or proceedings of the nature referred to in clause (f) of Section 9, or otherwise) in a greater proportion than any such payment to and
collateral received by any other relevant Lender (other than in accordance with any provision hereof expressly providing for such payment (including the application of funds arising from the existence of a Defaulting Lender)), if any, in respect of
such other relevant Lender’s Loans or L/C Participating Interests, as the case may be, or interest thereon, such benefited Lender shall purchase for cash from the other relevant Lenders such portion of each such other relevant Lender’s
Loans or L/C Participating Interests, as the case may be, or shall provide such other relevant Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such benefited Lender to share the excess
payment or benefits of such collateral or proceeds ratably with each of the relevant Lenders; provided that if all or any portion of such excess payment or benefits is thereafter recovered from such benefited Lender, such purchase shall be
rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. Each Credit Party agrees that each Lender so purchasing a portion of another Lender’s Loans and/or L/C Participating Interests may
exercise all rights of payment (including, without limitation, rights of set off) with respect to such portion as fully as if such Lender were the direct holder of such portion. 

  
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 The Administrative Agent shall promptly give Borrower notice of any set off; provided that the
failure to give such notice shall not affect the validity of such set off. 
 (b)     In addition to any
rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to any Credit Party, any such notice being expressly waived by each Credit Party to the extent permitted by applicable law, upon the
occurrence of any Event of Default to set off and apply against any indebtedness then due and owing of any Facility to such Lender, any amount owing from such Lender to any Credit Party, at or at any time after, the happening of any of the above
mentioned events. As security for such indebtedness, any Credit Party hereby grants to each Lender a continuing security interest in any and all deposits, accounts or moneys of any Credit Party (other than escrow, payroll, petty cash, trust and tax
accounts) then or thereafter maintained with such Lender, subject in each case to subsection 11.7(a) of this Agreement. The aforesaid right of set-off may, to the extent permitted by applicable law, be
exercised by such Lender against any Credit Party or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of any Credit Party, or against anyone else
claiming through or against any Credit Party or such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been exercised by such Lender prior to the making, filing or issuance, or service upon such Lender of, or of notice of, any such petition; assignment for the benefit of creditors; appointment
or application for the appointment of a receiver; or issuance of execution, subpoena, order or warrant. Each Lender agrees promptly to notify Borrower and the Administrative Agent after any such set-off and
application made by such Lender; provided that the failure to give such notice shall not affect the validity of such set-off and application. 

11.8.    Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. This Agreement shall become effective with respect to Borrower, the Administrative Agent and the Lenders when the
Administrative Agent shall have received copies of this Agreement executed by Borrower, the Administrative Agent and the Lenders. Delivery of a signed counterpart by facsimile or Adobe “pdf’ file shall be effective as delivery of a
manually executed counterpart. 
 11.9.    Governing Law; Third Party Rights. This Agreement and the Notes and
the rights and obligations of the parties under this Agreement and the Notes shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. This Agreement is solely for the benefit of the parties hereto and
their respective successors and assigns, and, except as set forth in subsection 11.5, no other Persons shall have any right, benefit, priority or interest under, or because of the existence of, this Agreement. 

11.10.    Submission to Jurisdiction. Waivers. (a) Each party to this Agreement hereby irrevocably and
unconditionally: 
 (i) submits for itself and its property in any legal action or proceeding relating to this Agreement or
any of the other Credit Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York and the courts of the United States for the Southern District of
New York, in each case located in the Borough of Manhattan, and appellate courts from any thereof (it being understood and agreed that a final judgment or action in any such proceeding may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law); 

  
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 (ii)    consents that any such action or proceeding may
be brought in such courts, and waives any objection that it may on the Closing Date or thereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees
not to plead or claim the same; 
 (iii)    agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party at its address set forth in subsection 11.2 or at such other address of which the
Administrative Agent shall have been notified pursuant thereto; and 
 (iv)    agrees that nothing
herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 

(b)     EACH PARTY HERETO UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
REFERRED TO IN PARAGRAPH (A) ABOVE AND ANY COUNTERCLAIM THEREIN. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY
OTHER MANNER PROVIDED BY LAW. 
 11.11.    Marshaling; Payments Set Aside. None of the Administrative Agent,
any Lender or the Issuing Lender shall be under any obligation to marshal any assets in favor of Borrower or any other party or against or in payment of any or all of the Obligations. To the extent that Borrower makes a payment or payments to the
Administrative Agent, the Lenders or the Issuing Lender or any such Person receives payment from the proceeds of the Collateral or exercises its rights of set off, and such payment or payments or the proceeds of such enforcement or set-off or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, then to the extent of such recovery,
the obligation or part thereof originally intended to be satisfied, and all Liens, right and remedies therefor, shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or set off had not
occurred. 
 11.12.    Interest. Each provision in this Agreement and each other Credit Document is expressly
limited so that in no event whatsoever shall the amount paid, or otherwise agreed to be paid, by Borrower for the use, forbearance or detention of the money to be loaned under this Agreement or any other Credit Document or otherwise (including any
sums paid as required by any covenant or obligation contained herein or in any other Credit Document which is for the use, forbearance or detention of such money), exceed that amount of money which would cause the effective rate of interest to
exceed the highest lawful rate permitted by applicable law (the “Highest Lawful Rate”), and all amounts owed under this Agreement and each other Credit Document shall be held to be subject to reduction to the effect that such
amounts so paid or agreed to be paid which are for the use, forbearance or detention of money under this Agreement or such other Credit Document shall in no event exceed that amount of money which would cause the effective rate of interest to exceed
the Highest Lawful Rate. Notwithstanding any provision in this Agreement or any other Credit Document to the contrary, if the maturity of the Loans or the obligations in respect of the other Credit Documents are accelerated for any reason, or in the
event of any prepayment of all or any portion of the Loans or the obligations in respect of 

  
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the other Credit Documents by Borrower or in any other event, earned interest on the Loans and such other obligations of Borrower may never exceed the Highest Lawful Rate, and any unearned
interest otherwise payable on the Loans or the obligations in respect of the other Credit Documents that is in excess of the Highest Lawful Rate shall be canceled automatically as of the date of such acceleration or prepayment or other such event
and (if theretofore paid) shall, at the option of the holder of the Loans or such other obligations, be either refunded to Borrower or credited on the principal of the Loans. In determining whether or not the interest paid or payable, under any
specific contingency, exceeds the Highest Lawful Rate, Borrower and the Lenders shall, to the maximum extent permitted by applicable law, amortize, prorate, allocate and spread, in equal parts during the period of the actual term of this Agreement,
all interest at any time contracted for, charged, received or reserved in connection with this Agreement. 

11.13.    Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 
 11.14.    Integration. This Agreement and the
other Credit Documents represent the entire agreement of the Credit Parties, the Administrative Agent, the Issuing Lender and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations
or warranties by the Administrative Agent, the Issuing Lender or any Lender relative to the subject matter hereof and thereof not expressly set forth or referred to herein or in die other Credit Documents. 

11.15.    Acknowledgments. Each Credit Party hereby acknowledges that: 

(a)    it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the
other Credit Documents; 
 (b)    neither the Administrative Agent, the Issuing Lender nor any Lender has
any fiduciary relationship with or duty to any Credit Party arising out of or in connection with this Agreement or any of the other Credit Documents, and the relationship between the Administrative Agent, the Issuing Lender and the Lenders, on one
hand, and each Credit Party, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 

(c)    no joint venture is created hereby or by the other Credit Documents or otherwise exists by virtue of
the transactions contemplated hereby among the Lenders or among any Credit Party and the Lenders. 
 11.16.    USA
PATRIOT Act. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III
of Pub. L. 107- 56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Credit Parties, which information includes
the name, address and tax identification number of the Credit Parties and other information regarding the Credit Parties that will allow such Lender or the Administrative Agent, as applicable, to identify the Credit Parties in accordance with the
Act. This notice is given in accordance with the requirements of the Act and is effective as to the Lender and the Administrative Agent. 

  
 136 

 11.17.    Loan Modification Offers. 

(a)    Borrower may at any time and from time to time request that all or a portion of the Term Loans of
any Tranche (an “Existing Tranche”) be converted to extend the scheduled maturity date(s) of any payment or payments of principal (including at final maturity) with respect to such Tenn Loans (any such Term Loans which have been so
converted, “Extended Term Loans”) and to provide for other terms consistent with this subsection 11.17. In order to establish a Tranche of Extended Term Loans, Borrower 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 Tranche) (each, a “Loan Modification Offer”) setting forth (i) the terms and conditions of the Extended Tenn Loans to be established (which
shall be identical in all material respects to the Term Loans under the Existing Tranche from which such Extended Term Loans are to be converted except that (i) all or any of the scheduled amortization payments of principal and payment at
maturity of the Extended Term Loans may be delayed to later dates than the scheduled amortization payments of principal and payment at maturity of the Term Loans of such Existing Tranche to the extent provided in such Loan Modification Offer,
(ii) the Applicable Margin, the LIBOR “floor” set forth in clause (a) of the definition of LIBOR Rate and/or fees payable with respect to the Loans may be different from the same provisions for the Tenn Loans of such Existing
Tranche, in each case to the extent provided in the Loan Modification Offer, (iii) any Extended Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) in
any voluntary or mandatory prepayments hereunder, in each case as specified in the respective Loan Modification Offer, and (iv) the Loan Modification Offer may provide for other covenants and terms (x) that apply solely to any period after
the latest final maturity of the Term Loans and Commitments in effect on the effective date of the Loan Modification Offer immediately prior to the establishment of such Extended Term Loans, or after approval thereof by the Required Lenders or
(y) that are less favorable to the holders of the Extended Term Loans than the covenants and terms applicable to the Existing Tranche). Borrower shall provide the applicable Loan Modification Offer at least five Business Days prior to the date
on which Lenders are requested to respond. Each Lender under the applicable Existing Tranche shall be afforded a pro rata opportunity to participate in any Loan Modification Offer (subject to notice and conditions to be agreed by Borrower and the
Administrative Agent in their reasonable discretion). No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Tranche converted into Extended Term Loans pursuant to any Loan Modification Offer. Any Lender wishing
to have all or a portion of its Term Loans of the applicable Existing Tranche subject to such Loan Modification Offer converted into Extended Term Loans (each such Lender, an “Extending Term Lender”) shall notify the Administrative
Agent in writing (an “Extension Election”) on or prior to the date specified in such Loan Modification Offer of the amount of its Term Loans of the applicable Existing Tranche which it has elected to request be converted into
Extended Term Loans (subject to any minimum denomination requirements set forth in such Loan Modification Offer). In the event that the aggregate amount of Tenn Loans of the applicable Existing Tranche subject to Extension Elections exceeds the
amount of Extended Term Loans requested pursuant to the Extension Request, Tenn Loans of the applicable Existing Tranche subject to Extension Elections shall be converted to Extended Tenn Loans on a pro rata basis based on the amount
of Term Loans of the applicable Existing Tranche included in each such Extension Election. 

(b)    Borrower and any one or more Revolving Credit Lenders may from time to time agree that such
Revolving Credit Lenders will establish Revolving Credit Commitments through the conversion of a previously established Revolving Credit Commitment of any such Revolving Credit Lender to an Extended Revolving Credit Commitment of such Lender (any
Revolving Credit Commitments being established in accordance with this subsection 11.17(b) an “Extended Revolving Credit Commitment”, which for the avoidance of doubt, shall also be a “Revolving Credit Commitment”)
by executing and delivering to the Administrative Agent a notice (a “Revolving Extension Notice”; each Revolving Extension Notice and each Loan Modification Offer being an “Extension”) specifying (i) the amount
of Extended Revolving Credit Commitments established 

  
 137 

 
thereby, (ii) the Revolving Credit Termination Date for such Extended Revolving Credit Commitments; provided that the Revolving Credit Termination Date for any Extended Revolving
Credit Commitments shall in no event be earlier than the Revolving Credit Termination Date for the Revolving Credit Commitments established on the Closing Date and there shall not be more than three Revolving Credit Termination Dates in effect at
any time, (iii) the Applicable Margin and/or fees payable with respect to the Loans may be different from the same provisions for the Extended Revolving Credit Commitments of such Existing Tranche, in each case to the extent provided in the
Revolving Extension Notice, and (iv) whether clause (ii) above shall be amended to provide that future Extended Revolving Credit Commitments may not have a Revolving Credit Termination Date prior to the Revolving Credit Termination Date
for such Extended Revolving Credit Commitments. Except as set forth above, the terms of the Extended Revolving Credit Commitments shall be identical in all material respects to the Revolving Credit Commitments established on the Closing Date. No
Lender shall have any obligation to participate in any increase described in this paragraph unless it agrees to do so in its sole discretion, provided that all Revolving Credit Lenders shall be afforded a pro rata opportunity to
participate in any Extensions (subject to notice and conditions to be agreed by Borrower and the Administrative Agent in their reasonable discretion). On each date on which Extended Revolving Credit Commitments are established, each Revolving Credit
Lender shall purchase at par from and/or sell at par to each of the other Revolving Credit Lenders such portions of the outstanding Revolving Credit Loans, if any, as may be specified by the Administrative Agent so that, immediately following such
purchases, all LIBOR Loans and all Index Rate Loans that are Revolving Credit Loans shall be held by the Revolving Credit Lenders on a pro rata basis in accordance with their respective Revolving Credit Commitment Percentages. 

(c)     No consent of any Lender or the Administrative Agent shall be required to effectuate any
Extension, other than (A) the consent of each Term Lender agreeing to a Loan Modification Offer as evidenced by its delivery of an Extension Election, (B) the consent of each Revolving Credit Lender agreeing to an Extended Revolving Credit
Commitment as evidenced by its execution of a Revolving Extension Notice and (C) with respect to the establishment of any Extended Revolving Credit Commitment, the consent of the Issuing Lender and the Administrative Agent. All Extended Term
Loans, Extended Revolving Credit Commitments and all obligations in respect thereof shall be Obligations under this Agreement and the other Credit Documents that are secured by the Collateral on a pari passu basis with all other applicable
Obligations under this Agreement and the other Credit Documents. The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to this Agreement and the other Credit Documents with Borrower as may be necessary in order
to establish new tranches or sub-tranches in respect of Revolving Credit Commitments or Term Loans so extended and such technical amendments as may be necessary or appropriate in the reasonable opinion of the
Administrative Agent and Borrower in connection with the establishment of such new tranches or sub-tranches, in each case on terms consistent with this subsection (and the Administrative Agent are hereby
directed to enter into any such amendments). Without limiting the foregoing, in connection with the establishment of any Extended Term Loans or Extended Revolving Credit Commitments, the respective Credit Parties shall (at their expense) amend (and
the Administrative Agent is hereby directed to amend) any Mortgage that has a maturity date prior to the then latest maturity date so that such maturity date is extended to the then latest maturity date (or such later date as may be advised by local
counsel to the Administrative Agent). 
 11.18.    Assumption by Successor Borrower. 

(a) Immediately following the consummation of the the Merger on the Closing Date, Merger Sub shall cause Target to duly execute
and deliver to the Administrative Agent (or its counsel) the Acknowledgement and assume the rights and obligations of Borrower hereunder. 

  
 138 

 (b)    Target, in its capacity as Borrower, hereby
expressly confirms that, effective immediately upon its execution and delivery of the Acknowledgement and thereafter, it assumes, and hereby agrees to perform and observe and be bound by, and join in the execution of as a Borrower or Grantor (as
applicable) under, each and every one of the covenants, promises, agreements, terms, obligations, duties and liabilities of (i) a Borrower under this Agreement and each other Credit Document applicable to a Borrower and (ii) a
“Grantor” under each Security Document applicable to it. By virtue of the foregoing, immediately upon its execution and delivery of the Acknowledgement and thereafter, Target, in its capacity as Borrower, hereby accepts and assumes all
liability of Merger Sub in its capacity as Borrower related to each representation, warranty, covenant or obligation made by Borrower in this Agreement or any other Credit Document. 

(c)    Immediately upon the completion of the foregoing actions pursuant to subsections 11.18(a) and (b),
Merger Sub shall be automatically released from its obligations as a Borrower hereunder. 
 [This space intentionally left
blank] 

  
 139 

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

					
	CARBON ANALYTICS MERGER SUB LLC,
	as Borrower
		
	By:	 	 /s/ Douglas
Bates                    

		 	Name:	 	Douglas Bates
		 	Title:	 	Chief Financial Officer

  
 [Signature Page to Credit
Agreement] 

 
					
	CARBON ANALYTICS ACQUISITION LLC,
	as Holdings
		
	By:	 	 /s/ Douglas Bates

		 	Name:	 	Douglas Bates
		 	Title:	 	Chief Financial Officer

  
 [Signature Page to Credit
Agreement] 

 
					
	ARES CAPITAL CORPORATION, as Administrative Agent, Lender and Issuing Lender
		
	By:	 	 /s/ Scott Lem

		 	Name:	 	Scott Lem
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

 
			
	AO MIDDLE MARKET CREDIT L.P., as a Lender
	
	by its general partner, OCM Middle Market Credit G.P. Inc.
		
	By:	 	 /s/ K. Patel

	Name:	 	K. Patel
	Title:	 	Director
		
	By:	 	 /s/ Jeremy Ehrlich

	Name:	 	Jeremy Ehrlich
	Title:	 	Director

 
					
	AC AMERICAN FIXED INCOME IV, L.P., as a
	Lender
	
	by Ares Capital Management LLC, as manager
		
	By:	 	 /s/ Scott Lem

		 	Name:	 	Scott Lem
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

 
					
	GOLUB CAPITAL LLC,
	as Joint Lead Arranger Joint Bookrunner and
	Syndication Agent
		
	By:	 	 /s/ Robert G. Tuchscherer

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GOLUB CAPITAL FlNANCE FUNDING LLC
	By: GC Advisors, LLC, its Manager,
	as a Lender
		
	By:	 	 /s/ Robert G. Tuchscherer

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GC FINANCE OPERATIONS LLC
	By: GC Advisors, LLO, its Manager,
	as a Lender
		
	By:	 	 /s/ Robert G. Tuchscherer

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GOLUB CAPITAL BDC FUNDING LLC
	By: GC Advisors LLC, as agent,
	as a Lender
		
	By:	 	 /s/ Robert G. Tuchscherer

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GOLUB CAPITAL BDC HOLDINGS LLC
	By: GC Advisors LLC, its Manager,
	as a Lender
		
	By:	 	 /s/ Robert G. Tuchscherer

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GCIC FUNDING LLC
	By: Golub Capital Investment Corporation, its sole member
	By: GC Advisors LLC, its Manager,
	as a Lender
		
	By:	 	 /s/ Robert G. Tuchscherer

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GCIC HOLDINGS LLC
	By: Golub Capital Investment Corporation, its sole member
	By: GC Advisors LLC, its Manager,
	as a Lender
		
	By:	 	 /s/ Robert G.
Tuchscherer                    

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GOLUB CAPITAL INVESTMENT CORPORATION
	CLO 2016(M) LLC
	By: GC Advisors LLC, as Collateral Manager,
	as a Lender
		
	By:	 	 /s/ Robert G.
Tuchscherer                    

		 	Name:	 	Robert G. Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 
					
	GOLUB CAPITAL PEARLS DIRECT LENDING
	PROGRAM, L.P.
	By: GC Advisors LLC, its Manager,
	as a Lender
		
	By:	 	 /s/ Robert G,
Tuchscherer                    

		 	Name:	 	Robert G, Tuchscherer
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

 ACKNOWLEDGMENT TO CREDIT AGREEMENT 

AND CREDIT DOCUMENTS BY CLEARWATER ANALYTICS, LLC 

September 1,2016 
 The
undersigned hereby is executing and delivering this acknowledgment for the purposes of evidencing, from and after the consummation of the Merger, its assumption of the Obligations (including, without limitation, its assumption of the Obligations of
Merger Sub by operation of law pursuant to the Merger), and agrees and acknowledges that, for the benefit of the Administrative Agent and the Secured Parties, as evidenced by the signature below on its behalf, upon the consummation of the Merger:

 (a)    Clearwater Analytics, LLC (as successor by merger to Merger Sub) shall be and is a Borrower under the
foregoing Credit Agreement and the other Credit Documents with the same force and effect as if originally named therein as a “Borrower,” “Grantor” or “Credit Party” the effect of which shall be, without limitation, that
(i) each reference to “Borrower”, “Grantor” or “Credit Party” in the Credit Agreement and the other Credit Documents shall be deemed to include it and (ii) it shall hereby join in the execution of and be bound
by all of the terms and provisions of the Credit Agreement and the other Credit Documents and hereby shall be deemed to have assumed all of the obligations, liabilities and indebtedness of its predecessor thereunder; and 

(b)    the undersigned, as borrower, debtor, grantor, mortgagor, pledgor or assignor, or in any other similar capacities
in which such Person grants Liens or security interests in any Collateral or otherwise acts as an accommodation party or guarantor, as the case may be, in any case under the Credit Documents, hereby (i) ratifies and reaffirms all of its
payment, performance and observance obligations and liabilities, whether contingent or otherwise, under the Credit Documents, and (ii) ratifies and reaffirms its grant of security under the Security Documents and confirms and agrees that such
Liens and security interests secure all of the Obligations. 
 The undersigned agrees and acknowledges that the Administrative Agent and
each Secured Party are relying on the foregoing agreements in entering into and performing their obligations under the Credit Documents and that the foregoing shall not constitute a novation of any of the Obligations. 

[This space intentionally left blank] 

 IN WITNESS WHEREOF, the undersigned has caused a counterpart of this Acknowledgment
to be duly executed and delivered as of the date first above written. 
  

			
	CARBON ANALYTICS, LLC, a Delaware limited liability company
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 [Signature Page to
Acknowledgement to Credit Agreement]

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