Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

AMENDMENT NO. 4 TO CREDIT AGREEMENT 

This AMENDMENT NO. 4 dated as of December 17, 2021 to the Credit Agreement (as defined below) (this “Amendment
No. 4”) by and among Builders FirstSource, Inc., a Delaware corporation (the “Borrower”), the Lenders party hereto (as defined below), Truist Bank (as successor by merger to SunTrust Bank), as administrative agent (in
such capacity, the “Administrative Agent”), the LC Issuers and the Swing Line Lender. 
 RECITALS 

WHEREAS, the Borrower, the several Lenders (as defined in the Credit Agreement) from time to time parties thereto, the Administrative Agent,
the LC Issuers and Swing Line Lender, have entered into that certain Amended and Restated ABL Credit Agreement dated as of July 31, 2015 (as amended by Amendment No. 1, dated as of March 22, 2017, Amendment No. 2, dated as of
April 24, 2019, Amendment No. 3, dated as of January 29, 2021 and as further amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”); 

WHEREAS, pursuant to and in accordance with Sections 2.19 and 11.12 of the Credit Agreement, the Borrower has requested that the Credit
Agreement be amended to, among other things, (i) reduce the Applicable Revolving Loan Margin and Applicable Commitment Fee Rate (each as defined in the Credit Agreement) , (ii) extend the Maturity Date (as defined in the Credit Agreement),
with respect to the Revolving Commitments (as defined in the Credit Agreement), to the date that is five (5) years after the Amendment No. 4 Effective Date and (iii) make certain other amendments set forth in Exhibit A hereto
(collectively, the “Proposed Amendments”); 
 WHEREAS, each Revolving Lender (as defined in the Credit Agreement) with
existing commitments (“Existing Revolving Commitments”) under the Initial Revolving Facility pursuant to the Credit Agreement (the “Existing Revolving Lenders”) that executes and delivers a consent to this Amendment
No. 4 in the form of the “Lender Consent” attached hereto as Annex I (a “Lender Consent”) (collectively, the “Extending Revolving Lenders”) indicating its consent to (a) maintain its Existing
Revolving Commitment (such commitments, the “Extended Revolving Commitments”) and (b) extend the Maturity Date with respect to its Revolving Commitments to the date that is five (5) years after the Amendment No. 4
Effective Date (such date, the “Extended Maturity Date”) will be deemed to have agreed (i) to the terms of this Amendment No. 4 and (ii) the Extended Maturity Date; 

WHEREAS, the Lenders party hereto are willing, on the terms and subject to the conditions set forth below, to consent to the Proposed
Amendments. 
 NOW, THEREFORE, in consideration of the covenants and agreements contained herein, as well as other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 SECTION 1.1
Certain Definitions. Capitalized terms used (including in the preamble and recitals hereto) but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. As used in this Amendment No. 4: 

 “Credit Agreement” is defined in the first recital hereto. 

“Existing Revolving Commitments” is defined in the third recital hereto. 

“Existing Revolving Lenders” is defined in the third recital hereto. 

“Extending Revolver Lenders” is defined in the third recital hereto. 

“Extended Maturity Date” is defined in the third recital hereto. 

“Amendment No. 4” is defined in the preamble hereto. 

“Amendment No. 4 Effective Date” shall mean the date on which the conditions set forth in Article IV of this Amendment
No. 4 are satisfied or waived. 
 “Lender Consent” is defined in the third recital hereto. 

“Proposed Amendments” is defined in the third recital hereto. 

ARTICLE II 
 AMENDMENTS TO CREDIT
AGREEMENT AND COLLATERAL AGREEMENT 
 SECTION 2.1 Amendment of Credit Agreement. The Borrower, the Lenders party hereto, the
Administrative Agent and other parties party hereto agree that on the Amendment No. 4 Effective Date, the Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the underlined text (indicated textually in the same manner as the following example:
underlined text) as set forth in the pages of the Credit Agreement attached as Exhibit A hereto (the
resulting amended agreement following the implementation of such deletions and additions, the “Amended Credit Agreement”). 

ARTICLE III 
 EXTENSION OF THE
MATURITY DATE 
 SECTION 3.1 Extension of the Maturity Date. On the Amendment No. 4 Effective Date, the Maturity Date, with
respect to the Revolving Commitments, shall be extended to the Extended Maturity Date. 
 ARTICLE IV 

CONDITIONS TO EFFECTIVENESS 
 The
effectiveness of this Amendment No. 4 (including the amendments contained in Article II, and agreement contained in Article III but excluding this Article IV, which is effective as of the date hereof) are subject to the satisfaction (or waiver)
of the following conditions: 
 SECTION 4.1 This Amendment No. 4 shall have been duly executed by the Borrower, the Administrative
Agent, the Revolving Lenders, the LC Issuers and the Swing Line Lender (whether pursuant to the execution and delivery of a Lender Consent or counterparts to this Amendment No. 4, as applicable) and delivered to the Administrative Agent. 

SECTION 4.2 At the time of and immediately after the Amendment No. 4 Effective Date, no Default or Event of Default shall have occurred
and be continuing. 

  
 2 

 SECTION 4.3 Each of the representations and warranties set forth in ARTICLE V of the Credit
Agreement and those set forth in Article V of this Amendment No. 4 shall be true and correct in all material respects on and as of the Amendment No. 4 Effective Date with the same effect as though made on and as of such date, except to the
extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date; provided, however, that any
representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects on such respective dates. 

SECTION 4.4 The Administrative Agent shall have received (x) a bringdown letter of good standing with respect to the Borrower, a
certificate of resolutions or other action and an incumbency certificate of Responsible Officers of the Borrower evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in
connection with this Amendment No. 4 and (y) a certificate, dated the Amendment No. 4 Effective Date and signed by a Responsible Officer of the Borrower, confirming compliance with the conditions set forth in each of Section 4.2
and Section 4.3 of this Amendment No. 4. 
 SECTION 4.5 [Reserved]. 

SECTION 4.6 The Administrative Agent shall have received, on behalf of itself and the Revolving Lenders (including the the Extending Revolving
Lenders), a satisfactory written opinion of Kirkland & Ellis LLP, counsel for the Borrower, (i) dated the Amendment No. 4 Effective Date and (ii) addressed to the Administrative Agent and the Revolving Lenders (including the
Extending Revolving Lenders), and in each case, each of their permitted assigns. The Borrower hereby requests such counsel to deliver such opinions. 

SECTION 4.7 (i) The Administrative Agent shall have received (A) for the ratable benefit of Revolving Lenders that submit a Lender
Consent prior to the deadline established by the Administrative Agent (each such Revolving Lender, a “Consenting Lender”) a consent fee equal to 0.10% of the aggregate principal amount of their Existing Revolving Commitments
immediately prior to the Amendment No. 4 Effective Date (the “Consent Fee”) and (B) all other fees and amounts separately agreed in writing in relation to this Amendment No. 4 that are required to be paid on the
Amendment No. 4 Effective Date (without duplication of clause (ii) below), and (ii) the reasonable and documented fees, charges and out-of-pocket disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative
Agent, to the extent invoiced at least three (3) Business Days prior to the Amendment No. 4 Effective Date shall have been paid. 

SECTION 4.8 The Administrative Agent shall have received at least three (3) Business Days prior to the Amendment No. 4 Effective
Date all documentation and other information about the Loan Parties as shall have been reasonably requested in writing at least five (5) Business Days prior to the Amendment No. 4 Effective Date by the Administrative Agent or any Lender
that they shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act. 

SECTION 4.9 The Borrower shall have paid to (i) each Lender holding Revolving Commitments immediately prior to the Amendment No. 4
Effective Date, (x) all accrued and unpaid fees on the Revolving Commitments held by such Lender to, but not including, the Amendment No. 4 Effective Date, and (y) all accrued and unpaid participation fees with respect to
participations in Letters of Credit to, but not including, the Amendment No. 4 Effective Date and (ii) each Lender holding Revolving Loans immediately prior to the Amendment No. 4 Effective Date, all accrued and unpaid interest on the
Revolving Loans held by such Lender to, but not including, the Amendment No. 4 Effective Date. 

  
 3 

 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

SECTION 5.1 Representations and Warranties. TO INDUCE THE OTHER PARTIES HERETO TO ENTER INTO THIS AMENDMENT NO. 4, THE BORROWER
REPRESENTS AND WARRANTS TO EACH OF THE LENDERS AND THE ADMINISTRATIVE AGENT THAT, AS OF THE AMENDMENT NO. 4 EFFECTIVE DATE THIS AMENDMENT NO. 4 HAS BEEN DULY AUTHORIZED, EXECUTED AND DELIVERED BY THE BORROWER AND CONSTITUTES A LEGAL, VALID
AND BINDING OBLIGATION OF THE BORROWER, ENFORCEABLE AGAINST IT IN ACCORDANCE WITH ITS TERMS, SUBJECT TO APPLICABLE BANKRUPTCY, INSOLVENCY, REORGANIZATION, MORATORIUM OR OTHER LAWS AFFECTING CREDITORS’ RIGHTS GENERALLY AND SUBJECT TO GENERAL
PRINCIPLES OF EQUITY, REGARDLESS OF WHETHER CONSIDERED IN A PROCEEDING IN EQUITY OR AT LAW. 
 ARTICLE VI 

POST-CLOSING MATTERS 
 SECTION
6.1 Within five (5) Business Days after January 1, 2022 (or such later date as the Administrative Agent may agree in its reasonable discretion), the Borrower shall deliver to the Administrative Agent a certificate of good standing from the
secretary of state of the state of organization of the Borrower. 
 ARTICLE VII 

EFFECTS ON LOAN DOCUMENTS 

SECTION 7.1 Except as specifically amended herein, all Loan Documents shall continue to be in full force and effect and are hereby in all
respects ratified and confirmed. 
 (a) The execution, delivery and effectiveness of this Amendment No. 4 shall not operate as a waiver
of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of the Loan Documents or in any way limit, impair or otherwise affect the rights and remedies of the
Lenders or the Administrative Agent under the Loan Documents. 
 (b) The Borrower and the other parties hereto acknowledge and agree that,
on and after the Amendment No. 4 Effective Date, (i) this Amendment No. 4 and each of the other Loan Documents to be executed and delivered by a Loan Party shall constitute a Loan Document for all purposes of the Amended Credit
Agreement and (ii) this Amendment No. 4 shall constitute an Extension Amendment pursuant to Section 2.19 of the Credit Agreement. 

(c) On and after the Amendment No. 4 Effective Date, each reference in the Amended Credit Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or
words of like import referring to the Credit Agreement shall mean and be a reference to the Amended Credit Agreement. 
 (d) Nothing herein
shall be deemed to entitle the Borrower to a further consent to, or a further waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, the Amended
Credit Agreement or any other Loan Document in similar or different circumstances. 

  
 4 

 (e) Section headings used herein are for convenience of reference only, are not part of this
Amendment No. 4 and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment No. 4. 

ARTICLE VIII 
 MISCELLANEOUS 

SECTION 8.1 APPLICABLE LAW. THIS AMENDMENT NO. 4 SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 SECTION 8.2 Execution in Counterparts; Severability. This Amendment No. 4 may be executed in any number of
counterparts, each of which shall be deemed an original and all of which, when taken together, shall constitute one agreement. Delivery of an executed counterpart of a signature page of this Amendment No. 4 by facsimile transmission or other
electronic transmission (e.g., a “.pdf” or “.tif” file) shall be effective as delivery of a manually executed counterpart hereof. The words “execution,” “execute,” “signed,” “signature,”
and words of like import in or related to this Amendment No. 4 or any other document to be signed in connection with this Amendment No. 4 and the transactions contemplated hereby shall be deemed to include electronic signatures, the
electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability
as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New
York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no
obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it. 

SECTION 8.3 Reaffirmation. The Borrower, on behalf of each of the Loan Parties party to the Guaranty, the Collateral Agreement and the
other Collateral Documents, in each case as amended, supplemented or otherwise modified from time to time, hereby (i) acknowledges and agrees that (x) the Extended Revolving Commitments are Revolving Commitments and the Extending Revolving
Lenders are Lenders, in each case under the Amended Credit Agreement, and (y) that all of its obligations under the Guaranty and the Security Documents to which it is a party are reaffirmed and remain in full force and effect on a continuous
basis, (ii) reaffirms each Lien granted by each Loan Party to the Collateral Agent for the benefit of the Administrative Agent and the Secured Creditors (including the Extending Revolving Lenders) and reaffirms the guaranties made pursuant to
the Guaranty, (iii) acknowledges and agrees that the grants of security interests by and the guaranties of the Loan Parties contained in the Guaranty and the Security Documents are, and shall remain, in full force and effect after giving effect
to the Amendment No. 4, and (iv) agrees that the Loan Document Obligations include, among other things and without limitation, the prompt and complete payment and performance by the Borrower when due and payable (whether at the stated
maturity, by acceleration or otherwise) of principal and interest on, and premium (if any) on, the Revolving Loans under the Amended Credit Agreement. 

  
 5 

 SECTION 8.4 No Novation. Each of the parties hereto acknowledges and agrees that the
terms of this Amendment No. 4 do not constitute a novation but, rather, an amendment of the terms of a pre-existing Indebtedness and related agreement, as evidenced by the Amended Credit Agreement. 

[Remainder of page intentionally left blank.] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to be duly
executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. 
  

			
	BUILDERS FIRSTSOURCE, INC., as Borrower
		
	By:	 	 /s/ Peter Jackson

 

			
	Name:	 	Peter Jackson
	Title:	 	Chief Financial Officer

 [Signature Page to Amendment No. 4] 

 
			
	TRUIST BANK, as Administrative Agent, an LC Issuer and Swing Line Lender
		
	By:	 	 /s/ Michael Grimes

			
	Name:	 	Michael Grimes
	Title:	 	Managing Director

 [Signature Page to Amendment No. 4] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as an LC Issuer
		
	By:	 	 /s/ Laura Nickas

 
			
	Name:	 	Laura Nickas
	Title:	 	Authorized Signatory

 [Signature Page to Amendment No. 4] 

 
			
	BANK OF AMERICA, as an LC Issuer
		
	By:	 	 /s/ Ajay Jagsi

 
			
	Name:	 	Ajay Jagsi
	Title:	 	Vice President

 [Signature Page to Amendment No. 4] 

 ANNEX I 

LENDER CONSENT TO AMENDMENT NO. 4 

LENDER CONSENT (this “Lender Consent”) to the Amendment No. 4 to Credit Agreement (“Amendment
No. 4”), among the Borrower (as defined below), the Administrative Agent (as defined below), the LC Issuers and the Swing Line Lender, to the Amended and Restated ABL Credit Agreement dated as of July 31, 2015 (as amended by
Amendment No. 1, dated as of March 22, 2017, Amendment No. 2, dated as of April 24, 2019 and Amendment No. 3, dated as of January 29, 2021, and as further amended, supplemented or otherwise modified from time to time
prior to the date hereof, the “Credit Agreement”) by and among Builders FirstSource, Inc., a Delaware corporation (the “Borrower”), the lenders from time to time party thereto (the “Lenders”),
Truist Bank (as successor by merger to SunTrust Bank), as administrative agent (in such capacity, the “Administrative Agent”), the LC Issuers and Swing Line Lender. All capitalized terms used but not defined herein shall have the
meaning ascribed thereto in the Credit Agreement or the Amendment No. 4, as applicable. 
 The undersigned Lender hereby irrevocably and
unconditionally approves of, and consents to, (x) the extension of the Maturity Date, with respect to the Revolving Commitments (as defined in the Credit Agreement) and (y) the Proposed Amendments reflected in Exhibit A to Amendment
No. 4. 
  

			
	[****]
		
	By:	 	 [****]

		 	Name: [****]
		 	Title: [****]

 [Signature Page to Amendment No. 4] 

 EXHIBIT A 

Amended Credit Agreement 

[Attached] 

 Exhibit A 
  

 
  

AMENDED AND RESTATED ABL CREDIT AGREEMENT 

dated as of 

July 31, 2015 
 as
amended by Amendment No. 1 on March 22, 2017, 
 as further amended by Amendment No. 2 on April 24, 2019, 

and as further amended by Amendment No. 3 on January 29, 2021 

and as further amended by
Amendment No. 4 on December 17, 2021 
 among 

BUILDERS FIRSTSOURCE, INC. 

as the Borrower, 

THE LENDING INSTITUTIONS FROM TIME TO TIME PARTY HERETO, 

as Lenders, 

TRUIST BANK (as successor by merger to SUNTRUST BANK), 

as Administrative Agent and Collateral Agent, Swingline Lender and an LC Issuer 

and 
 SUNTRUST
ROBINSON HUMPHREY, INC., CITIGROUP GLOBAL MARKETS, INC., CREDIT SUISSE AG, DEUTSCHE BANK SECURITIES INC. and KEYBANC CAPITAL MARKETS INC. 

as Joint Lead Arrangers and Joint Bookrunners 

and 
 SUNTRUST
ROBINSON HUMPHREY, INC., BANK OF AMERICA, N.A., DEUTSCHE BANK SECURITIES INC. and WELLS FARGO BANK, N.A. 
 as Amendment No. 1
Joint Lead Arrangers and Joint Bookrunners 
 and 

CITIGROUP GLOBAL MARKETS, INC. and BMO HARRIS BANK N.A. 

as Amendment No. 1 Co-Syndication Agents and Co-Documentation Agents 

and 
 SUNTRUST ROBINSON
HUMPHREY, INC., BANK OF AMERICA, N.A., DEUTSCHE BANK SECURITIES INC. and WELLS FARGO BANK, N.A. 
 as Amendment No. 2 Joint
Lead Arrangers and Joint Bookrunners 
 and 

CITIBANK, N.A. and BMO HARRIS BANK N.A. 

as Amendment No. 2 Co-Syndication Agents and Co-Documentation Agents 

and 
 TRUIST
SECURITIES, INC., BANK OF AMERICA, N.A. and WELLS FARGO BANK, N.A. 
 as Amendment No. 3 Joint Lead Arrangers and Joint
Bookrunners 
 and 

CITIBANK, N.A., US.S. BANK, N.A., JPMORGAN CHASE BANK, N.A. NATIONAL ASSOCIATION and ROYAL BANK OF CANADA 

as Amendment No. 3
Co-Syndication Agents and Co-Documentation Agents 

TRUIST SECURITIES, INC.,
BANK OF AMERICA, N.A. and WELLS FARGO BANK, N.A. 

as Amendment No. 4
Joint Lead Arrangers and Joint Bookrunners 

and

 CITIBANK,
N.A., U.S. BANK NATIONAL ASSOCIATION and ROYAL BANK OF CANADA  
 as Amendment No. 34 Co-Syndication Agents and Co-Documentation
Agents 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I	  

	
	DEFINITIONS AND TERMS	  

			
	 Section 1.01
	 	Certain Defined Terms	  	 	1	 
	 Section 1.02
	 	Accounting Terms; GAAP	  	 	6468	 
	 Section 1.03
	 	Terms Generally	  	 	6568	 
	 Section 1.04
	 	[Reserved]	  	 	6568	 
	 Section 1.05
	 	Limited Condition Acquisitions	  	 	6569	 
	 Section 1.06
	 	Certain Determinations	  	 	6669	 
	 Section 1.07
	 	Division	  	 	6670	 
	
	ARTICLE II	  

	
	THE TERMS OF THE CREDIT FACILITY	  

			
	 Section 2.01
	 	Establishment of the Credit Facility	  	 	6670	 
	 Section 2.02
	 	Revolving Facility	  	 	6771	 
	 Section 2.03
	 	Protective Advances and Overadvances	  	 	6771	 
	 Section 2.04
	 	Swing Line Facility	  	 	6872	 
	 Section 2.05
	 	Letters of Credit	  	 	7074	 
	 Section 2.06
	 	[Reserved]	  	 	7478	 
	 Section 2.07
	 	[Reserved]	  	 	7478	 
	 Section 2.08
	 	Notice of Borrowing	  	 	7478	 
	 Section 2.09
	 	Funding Obligations; Disbursement of Funds	  	 	7478	 
	 Section 2.10
	 	Evidence of Obligations	  	 	7579	 
	 Section 2.11
	 	Interest; Default Rate	  	 	7680	 
	 Section 2.12
	 	Conversion and Continuation of Loans	  	 	7883	 
	 Section 2.13
	 	Fees	  	 	7984	 
	 Section 2.14
	 	Termination and Reduction of Revolving Commitments	  	 	8085	 
	 Section 2.15
	 	Voluntary and Mandatory Prepayments of Loans	  	 	8085	 
	 Section 2.16
	 	Method and Place of Payment	  	 	8286	 
	 Section 2.17
	 	Defaulting Lenders	  	 	8287	 
	 Section 2.18
	 	Revolving Commitment Increases	  	 	8489	 
	 Section 2.19
	 	Amend and Extend Transactions	  	 	8691	 
	 Section 2.20
	 	[Reserved]	  	 	8893	 
	 Section 2.21
	 	Cash Receipts	  	 	8893	 
	 Section 2.22
	 	Reserves; Change in Reserves; Decisions by Agent	  	 	9094	 
	
	ARTICLE III	  

	
	INCREASED COSTS, ILLEGALITY AND TAXES	  

			
	 Section 3.01
	 	Increased Costs	  	 	9095	 
	 Section 3.02
	 	Taxes	  	 	9196	 
	 Section 3.03
	 	Mitigation Obligations; Replacement of Lenders	  	 	9398	 
	 Section 3.04
	 	Breakage Compensation	  	 	9499	 
	 Section 3.05
	 	Illegality	  	 	9499	 

  
 - i - 

							
	
	ARTICLE IV	  

	
	CONDITIONS PRECEDENT	  

			
	 Section 4.01
	 	Conditions Precedent at Closing Date	  	 	95100	 
	 Section 4.02
	 	Conditions Precedent to All Credit Events	  	 	97102	 
	
	ARTICLE V	  

	
	REPRESENTATIONS AND WARRANTIES	  

			
	 Section 5.01
	 	Organization; Powers	  	 	98103	 
	 Section 5.02
	 	Authorization; Enforceability	  	 	98103	 
	 Section 5.03
	 	Governmental Approvals; No Conflicts	  	 	98103	 
	 Section 5.04
	 	Financial Condition; No Material Adverse Effect	  	 	98103	 
	 Section 5.05
	 	Properties	  	 	99104	 
	 Section 5.06
	 	Litigation and Environmental Matters	  	 	99104	 
	 Section 5.07
	 	Compliance with Laws	  	 	99104	 
	 Section 5.08
	 	Investment Company Status	  	 	99104	 
	 Section 5.09
	 	Taxes	  	 	99104	 
	 Section 5.10
	 	ERISA	  	 	100105	 
	 Section 5.11
	 	Disclosure	  	 	100105	 
	 Section 5.12
	 	Subsidiaries	  	 	100105	 
	 Section 5.13
	 	Intellectual Property; Licenses, Etc.	  	 	100105	 
	 Section 5.14
	 	Solvency	  	 	101106	 
	 Section 5.15
	 	Senior Indebtedness	  	 	101106	 
	 Section 5.16
	 	Federal Reserve Regulations	  	 	101106	 
	 Section 5.17
	 	Use of Proceeds	  	 	101106	 
	 Section 5.18
	 	[Reserved]	  	 	101106	 
	 Section 5.19
	 	OFAC and PATRIOT Act	  	 	101106	 
	 Section 5.20
	 	Foreign Corrupt Practices Act	  	 	101106	 
	
	ARTICLE VI	  

	
	AFFIRMATIVE COVENANTS	  

			
	 Section 6.01
	 	Financial Statements and Other Information	  	 	102107	 
	 Section 6.02
	 	Notices of Material Events	  	 	105110	 
	 Section 6.03
	 	Information Regarding Collateral	  	 	105110	 
	 Section 6.04
	 	Existence; Conduct of Business	  	 	105110	 
	 Section 6.05
	 	Payment of Taxes, etc.	  	 	105111	 
	 Section 6.06
	 	Maintenance of Properties	  	 	106111	 
	 Section 6.07
	 	Insurance	  	 	106111	 
	 Section 6.08
	 	Books and Records; Inspection and Audit Rights; Appraisals; Field Examinations	  	 	106111	 
	 Section 6.09
	 	Compliance with Laws	  	 	107112	 
	 Section 6.10
	 	Use of Proceeds	  	 	107112	 
	 Section 6.11
	 	Additional Subsidiaries	  	 	107113	 
	 Section 6.12
	 	Further Assurances	  	 	108113	 
	 Section 6.13
	 	Designation of Subsidiaries	  	 	108114	 
	 Section 6.14
	 	Certain Post-Closing Obligations	  	 	109114	 
	 Section 6.15
	 	Maintenance of Rating of the Borrower and the Facilities	  	 	109114	 
	 Section 6.16
	 	Lines of Business	  	 	109114	 
	 Section 6.17
	 	Transactions with Affiliates	  	 	109114	 

  
 - ii - 

							
	
	ARTICLE VII	  

	
	NEGATIVE COVENANTS	  

			
	 Section 7.01
	 	Indebtedness; Certain Equity Securities	  	 	110115	 
	 Section 7.02
	 	Liens	  	 	114120	 
	 Section 7.03
	 	Fundamental Changes	  	 	117122	 
	 Section 7.04
	 	Investments, Loans, Advances, Guarantees and Acquisitions	  	 	118124	 
	 Section 7.05
	 	Asset Sales	  	 	121126	 
	 Section 7.06
	 	[Reserved]	  	 	123128	 
	 Section 7.07
	 	Restricted Payments; Certain Payments of Indebtedness	  	 	123128	 
	 Section 7.08
	 	[Reserved]	  	 	127132	 
	 Section 7.09
	 	Restrictive Agreements	  	 	127132	 
	 Section 7.10
	 	Amendment of Junior Financing	  	 	128133	 
	 Section 7.11
	 	Changes in Fiscal Periods	  	 	128133	 
	 Section 7.12
	 	Fixed Charge Coverage Ratio	  	 	128133	 
	
	ARTICLE VIII	  

	
	EVENTS OF DEFAULT	  

			
	 Section 8.01
	 	Events of Default	  	 	129134	 
	 Section 8.02
	 	Remedies	  	 	131136	 
	 Section 8.03
	 	Application of Certain Payments and Proceeds	  	 	131136	 
	
	ARTICLE IX	  

	
	THE ADMINISTRATIVE AGENT AND COLLATERAL AGENT	  

			
	 Section 9.01
	 	Appointment	  	 	132137	 
	 Section 9.02
	 	Delegation of Duties	  	 	134139	 
	 Section 9.03
	 	Exculpatory Provisions	  	 	134139	 
	 Section 9.04
	 	Reliance by Administrative Agent and Collateral Agent	  	 	134140	 
	 Section 9.05
	 	Notice of Default	  	 	135140	 
	 Section 9.06
	 	Non-Reliance	  	 	135140	 
	 Section 9.07
	 	No Reliance on Administrative Agent’s Customer Identification Program	  	 	135141	 
	 Section 9.08
	 	Patriot Act	  	 	136141	 
	 Section 9.09
	 	Indemnification	  	 	136141	 
	 Section 9.10
	 	The Administrative Agent and Collateral Agent in Each Individual Capacity	  	 	136141	 
	 Section 9.11
	 	Successor Administrative Agent	  	 	136142	 
	 Section 9.12
	 	Other Agents	  	 	137142	 
	 Section 9.13
	 	Agency for Perfection	  	 	137142	 
	 Section 9.14
	 	Proof of Claim	  	 	137143	 
	 Section 9.15
	 	Posting of Approved Electronic Communications	  	 	138143	 
	 Section 9.16
	 	Withholding Taxes	  	 	139144	 
	 Section 9.17
	 	Resignation/Replacement of LC Issuer and Swing Line Lender	  	 	139144	 
	 Section 9.18
	 	Right to Realize on Collateral and Enforce Guaranty	  	 	139145	 
	 Section 9.19
	 	Cash Management Banks and Designated Hedge Creditors	  	 	140145	 

  
 - iii - 

							
	
	ARTICLE X	  

	
	[RESERVED]	  

	
	ARTICLE XI	  

	
	MISCELLANEOUS	  

			
	 Section 11.01
	 	Payment of Expenses, Etc.	  	 	140147	 
	 Section 11.02
	 	Indemnification	  	 	141148	 
	 Section 11.03
	 	Right of Setoff	  	 	142149	 
	 Section 11.04
	 	Equalization	  	 	142149	 
	 Section 11.05
	 	Notices	  	 	142150	 
	 Section 11.06
	 	Successors and Assigns	  	 	143151	 
	 Section 11.07
	 	No Waiver; Remedies Cumulative	  	 	147154	 
	 Section 11.08
	 	Governing Law; Submission to Jurisdiction; Venue; Waiver of Jury Trial	  	 	147155	 
	 Section 11.09
	 	Counterparts	  	 	148156	 
	 Section 11.10
	 	Integration	  	 	148156	 
	 Section 11.11
	 	Headings Descriptive	  	 	149156	 
	 Section 11.12
	 	Amendment or Waiver; Acceleration by Required Lenders	  	 	149156	 
	 Section 11.13
	 	Survival of Indemnities	  	 	152160	 
	 Section 11.14
	 	Domicile of Loans	  	 	152160	 
	 Section 11.15
	 	Confidentiality	  	 	153160	 
	 Section 11.16
	 	Limitations on Liability of the LC Issuers	  	 	153161	 
	 Section 11.17
	 	General Limitation of Liability	  	 	154161	 
	 Section 11.18
	 	No Duty	  	 	154161	 
	 Section 11.19
	 	Lenders and Agent Not Fiduciary to Borrower, etc.	  	 	154161	 
	 Section 11.20
	 	Survival of Representations and Warranties	  	 	154162	 
	 Section 11.21
	 	Severability	  	 	155162	 
	 Section 11.22
	 	[Reserved]	  	 	155162	 
	 Section 11.23
	 	Interest Rate Limitation	  	 	155162	 
	 Section 11.24
	 	Patriot Act	  	 	155162	 
	 Section 11.25
	 	Intercreditor Agreements	  	 	155162	 
	 Section 11.26
	 	Waiver of Effect of Corporate Seal	  	 	155163	 
	 Section 11.27
	 	Release of Guarantees and Liens	  	 	155163	 
	 Section 11.28
	 	Amendment and Restatement	  	 	156163	 
	 Section 11.29
	 	Loans Under Existing Credit Agreement	  	 	156164	 
	 Section 11.30
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	156164	 
	 Section 11.31
	 	Flood Matters	  	 	157164	 
	 Section 11.32
	 	Certain ERISA Matters	  	 	157164	 
	 Section 11.33
	 	Acknowledgement Regarding Any Supported QFCs	  	 	158165	 
	 Section 11.34
	 	Electronic Signatures	  	 	159166	 

  
 - iv - 

 SCHEDULES1 

 

			
	Schedule 1	  	Initial Revolving Commitments
	Schedule 2.05	  	Existing Letters of Credit
	Schedule 5.03	  	Government Approvals; No Conflicts
	Schedule 5.06	  	Litigation and Environmental Matters
	Schedule 5.12	  	Subsidiaries
	Schedule 6.14	  	Certain Post-Closing Obligations
	Schedule 6.17	  	Existing Affiliates Transactions
	Schedule 7.01	  	Existing Indebtedness
	Schedule 7.02	  	Existing Liens
	Schedule 7.04(e)	  	Existing Investments
	Schedule 7.08	  	Existing Affiliate Transactions
	Schedule 7.09	  	Existing Restrictions
	Schedule 9.19	  	Existing Cash Management Services
	Schedule 11.05	  	Administrative Agent’s Office, Certain Addresses for Notices

 EXHIBITS2 

 

			
	Exhibit A	  	Form of Assignment Agreement
	Exhibit B	  	Form of ABL Guarantee Agreement
	Exhibit C	  	Form of Perfection Certificate
	Exhibit D	  	Form of Collateral Agreement
	Exhibit E	  	Form of Closing Certificate
	Exhibit F	  	Form of Intercompany Note
	Exhibit H-1	  	Form of United States Tax Compliance Certificate 1
	Exhibit H-2	  	Form of United States Tax Compliance Certificate 2
	Exhibit H-3	  	Form of United States Tax Compliance Certificate 3
	Exhibit H-4	  	Form of United States Tax Compliance Certificate 4
	Exhibit I-1	  	Form of Revolving Facility Note
	Exhibit I-2	  	Form of Swing Line Note
	Exhibit J	  	Form of Notice of Borrowing
	Exhibit K	  	[reserved]
	Exhibit L	  	Form of Notice of Continuation or Conversion
	Exhibit M	  	Form of LC Request
	Exhibit N	  	Form of Solvency Certificate
	Exhibit O	  	Form of Compliance Certificate
	Exhibit P	  	Form of Additional Borrower Agreement
	Exhibit Q	  	Form of Secured Hedge Designation Agreement
	Exhibit R	  	Form of Borrowing Base Certificate

  

	1 	 Schedules (other than Schedules 1 and 2.05) are not being amended
by Amendment No. 34. 

	2 	 Exhibits (other than Exhibits D and R) are not being amended by
Amendment No. 34. 

  
 - v - 

 This AMENDED AND RESTATED ABL CREDIT AGREEMENT is entered into as of July 31, 2015 (as
amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”) among the following: (i) BUILDERS FIRSTSOURCE, INC., a Delaware corporation
(the “Borrower”); (iii) the LENDERS from time to time party hereto (each a “Lender” and collectively, the “Lenders”); (iv) TRUIST BANK (as successor by merger to SUNTRUST BANK), as the
administrative agent (the “Administrative Agent”) and as the Collateral Agent (as hereinafter defined), (iv) TRUIST BANK (as successor by merger to SUNTRUST BANK) as the Swing Line Lender (as hereinafter defined),
(v) TRUIST BANK (as successor by merger to SUNTRUST BANK), as an LC Issuer (as hereinafter defined); (vi) CITIGROUP GLOBAL MARKETS, INC. and DEUTSCHE BANK AG NEW YORK BRANCH, as syndication agent (the “Co-Syndication
Agents”); (vii) BANK OF AMERICA, N.A. and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Co-Documentation Agents”); and (viii) SUNTRUST ROBINSON HUMPHREY, INC., CITIGROUP GLOBAL MARKETS, INC., CREDIT SUISSE AG,
DEUTSCHE BANK SECURITIES INC. and KEYBANC CAPITAL MARKETS, INC., as Joint Lead Arrangers and Joint Bookrunners. 
 PRELIMINARY STATEMENTS:

 (1) The Borrower has previously entered into that certain Amended and Restated ABL Credit Agreement dated as of July 31, 2015 among
the Borrower, the Lenders (as defined therein), SunTrust Bank, as administrative agent for the Lenders thereunder, Citigroup Global Markets, Inc., Deutsche Bank AG New York Branch, Bank of America, N.A., Wells Fargo Bank, National Association,
SunTrust Robinson Humphrey, Inc., Credit Suisse AG, Deutsche Bank Securities Inc. and KeyBanc Capital Markets, Inc. (as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms
thereof prior to the date hereof, the “Existing Credit Agreement”). 
 (2) The requisite parties to the Existing Credit
Agreement have agreed to amend the Existing Credit Agreement as provided in this Agreement, effective upon the satisfaction of the conditions precedent set forth in the Amendment No. 1. 

AGREEMENT: 
 In consideration of
the premises and the mutual covenants contained herein, the parties hereto agree to amend and restate the Existing Credit Agreement as follows: 

ARTICLE I 
 DEFINITIONS AND TERMS

 Section 1.01 Certain Defined Terms. As used herein, the following terms shall have the meanings herein specified unless the context
otherwise requires: 
 “ABL Collateral” means all the “ABL Facility Collateral” as defined in the ABL/Bond
Intercreditor Agreement. 
 “ABL/Bond Intercreditor Agreement” means the ABL/Bond Intercreditor Agreement, dated as of
May 29, 2013 by and among, inter alios, Truist Bank (as successor by merger to SunTrust Bank), Wilmington Trust, National Association, the Loan Parties and each additional representative party thereto from time to time, as amended,
modified, supplemented, substituted, replaced or restated, in whole or in part, from time to time, including as amended by the joinders dated as of the Closing Date adding the Term Administrative Agent, the Acquired Company and certain of its
Subsidiaries as a party thereto. With regard to any amendment, modification, supplement, substitution, replacement or restatement, in whole or in part, of the ABL/Bond Intercreditor Agreement, such agreement shall be posted to the Lenders not less
than five (5) Business Days before execution thereof and, if the Required Lenders shall not have objected to such agreement within three (3) Business Days after posting, then the Required Lenders shall be deemed to have agreed that the
Administrative Agent’s entry into such agreement is reasonable and to have consented to such agreement and to the Administrative Agent’s execution thereof. 

  
 - 1 - 

 “ABL Financing Transactions” means the execution, delivery and performance
by each Loan Party of the Loan Documents to which it is to be a party and the borrowing of Loans hereunder and the use of the proceeds thereof. 

“ABL Guarantee Agreement” means the Amended and Restated ABL Guarantee Agreement among the Guarantors and the Administrative
Agent, substantially in the form of Exhibit B, as amended, modified, supplemented, substituted, replaced or restated, in whole or in part, from time to time. 

“Account” has the meaning specified in the Collateral Agreement. 

“Account Debtor” means any Person obligated on an Account. 

“Acquired Company” means ProBuild Holdings LLC, a Delaware limited liability company. 

“Acquired EBITDA” means, with respect to any Acquired Entity or Business or any Converted Restricted Subsidiary (any of the
foregoing, a “Pro Forma Entity”) for any period as the amount for such period of Consolidated EBITDA of such Pro Forma Entity (determined as if references to the Borrower and its Restricted Subsidiaries in the definition of
“Consolidated EBITDA” were references to such Pro Forma Entity and its subsidiaries that will become Restricted Subsidiaries), all as determined on a consolidated basis for such Pro Forma Entity. 

“Acquired Entity or Business” has the meaning given such term in the definition of “Consolidated EBITDA.” 

“Acquisition” means the acquisition of the Acquired Companies (as defined in the Acquisition Agreement) pursuant to the terms
of the Acquisition Agreement. 
 “Acquisition Agreement” means that securities purchase agreement (together with all
exhibits, schedules, annexes and disclosure schedules thereto) dated as of April 13, 2015 among the Borrower, as purchaser, the sellers identified therein and the Acquired Company. 

“Acquisition Documents” means the Acquisition Agreement, all other agreements to be entered into between or among the
Acquired Company or its Affiliates and the Borrower or its Affiliates in connection with the Acquisition and all schedules, exhibits and annexes to each of the foregoing and all side letters, instruments and agreements affecting the terms of the
foregoing or entered into in connection therewith. 
 “Additional Borrower” means any Person who shall from time to time
become a party to this Agreement as a “Borrower” hereunder upon the execution and delivery of an Additional Borrower Agreement. 

“Additional Borrower Agreement” means the Additional Borrower Agreement substantially in the form of Exhibit P hereto.

 “Additional Lender” means, at any time, any bank, other financial institution or institutional investor that, in any
case, is not an existing Lender at such time and provides any portion of any Revolving Commitment Increase in accordance with Section 2.18. 

“Adjusted Eurodollar Rate” means, with respect to each Interest Period for a Eurodollar Loan, (i) the rate per
annum equal to the London interbank offered rate for deposits in U.S. Dollars appearing on Reuters screen page LIBOR 01 (or on any successor or substitute page of such service or any successor to such service, or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 A.M. (London time) two (2) Business Days prior to the first day of such Interest Period, with a maturity
comparable to such Interest Period (provided that if such rate is less than
0.250.00%, such rate shall be deemed to be 0.250.00%), divided by (ii) a percentage equal to 100% minus the
then stated maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves and without benefit of credits for proration, exceptions or offsets that may be available from time to time) applicable
to any member bank of the Federal Reserve System in respect of Eurocurrency liabilities as defined in Regulation D (or any successor category of liabilities under Regulation D); provided, that if the rate referred to in clause (i) above
is not available at 

  
 - 2 - 

 
any such time for any reason, then the rate referred to in clause (i) shall instead be the interest rate per annum, as determined by the Administrative Agent, to be the arithmetic
average of the rates per annum at which deposits in U. S. Dollars in an amount equal to the amount of such Eurodollar Loan are offered by major banks in the London interbank market to the Administrative Agent at approximately 11:00 A.M.
(London time), two (2) Business Days prior to the first day of such Interest Period (provided that if such rate is less than 0.250.00%, such rate shall be deemed to be 0.250.00%). 
 “Adjustment Date” means the date that is the first day of the first month
following receipt by the Lenders of the Borrowing Base Certificate required to be delivered pursuant to Section 6.01(j), for the last month of the most recently completed fiscal quarter of the Borrower. 

“Administrative Agent” has the meaning provided in the first paragraph of this Agreement and includes any successor to the
Administrative Agent appointed pursuant to Section 9.11. 
 “Affected Financial Institution” means (a) any
EEA Financial Institution or (b) any UK Financial Institution. 
 “Affiliate” means, with respect to a specified
Person, another Person that directly or indirectly Controls or is Controlled by or is under common Control with the Person specified. 

“Agent” means the Administrative Agent, the Collateral Agent, each Joint Lead Arranger, each Amendment No. 3 Joint Lead
Arranger, each Amendment No. 4 Joint Lead Arranger, each
Co-Syndication Agent, each Amendment No. 3 Co-Syndication Agent, each Amendment No. 4 Co-Syndication
Agent, each Co-Documentation Agent, each Amendment No. 3 Co-documentation
Agent, each Amendment No. 4 Co-Documentation Agent,
and any successors and assigns in such capacity, and “Agents” means two or more of them. 
 “Aggregate
Credit Facility Exposure” means, at any time, the sum of (i) the Aggregate Revolving Facility Exposure at such time and (ii) the principal amount of Swing Loans outstanding at such time. 

“Aggregate Revolving Facility Exposure” means, at any time, the sum of (i) the aggregate principal amount of all
Revolving Loans made by all Lenders and outstanding at such time and (ii) the aggregate amount of the LC Outstandings at such time. 

“Agreement” has the meaning provided in the preamble. 

“Amendment No. 1” means that certain Amendment No. 1 to Credit Agreement, dated as of March 22, 2017, by and
among the Borrower, the Administrative Agent and each of the Lenders party thereto. 
 “Amendment No. 1 Effective
Date” shall mean March 22, 2017. 
 “Amendment No. 2” means that certain Amendment No. 2 to Credit
Agreement, dated as of April 24, 2019, by and among the Borrower, the Administrative Agent, each of the Lenders party thereto, the LC Issuers and the Swing Line Lender. 

“Amendment No. 2 Effective Date” shall mean April 24, 2019. 

“Amendment No. 3” means that certain Amendment No. 3 to Credit Agreement, dated as of January 29, 2021, by and
among the Borrower, the Administrative Agent, each of the Lenders party thereto, the LC Issuers and the Swing Line Lender. 

“Amendment No. 3 Co-Documentation Agents” means Citibank, N.A., US.S. Bank, N.A., JPMorgan Chase Bank, N.A. National Association and Royal Bank of Canada and any of their
permitted successors and assigns. 
 “Amendment No. 3 Co-Syndication Agents” means Citibank, N.A., US.S. Bank, N.A., JPMorgan Chase
Bank National Association and Royal Bank of Canada and any of their permitted successors and
assigns. 

  
 - 3 - 

“Amendment
 No. 3 Effective Date” shall mean January 29, 2021. 
 “Amendment No. 3 Joint Lead Arrangers” means Truist Securities, Inc. Bank of America, N.A. and Wells Fargo
Bank, N.A. and any of their permitted successors and assigns. 
 “Amendment No. 4” means that certain Amendment No. 4 to Credit Agreement, dated as of December 17,
2021, by and among the Borrower, the Administrative Agent, each of the Lenders party thereto, the LC Issuers and the Swing Line Lender. 

“Amendment
 No. 4 Co-Documentation Agents” means Citibank, N.A., U.S. Bank National Association and Royal Bank of Canada and any of their permitted successors and assigns. 

, N.A.“Amendment No. 4 Co-Syndication Agents” means Citibank, N.A., U.S. Bank National Association and Royal Bank of Canada and any of their permitted successors and assigns. 

“Amendment No. 34 Effective Date” shall mean January 29December
17, 2021. 
 “Amendment No. 34 Joint Lead Arrangers” means Truist Securities, Inc. Bank of America, N.A. and Wells Fargo Bank, N.A. and any of their permitted successors and assigns. 

“Anti-Terrorism Law” means the USA PATRIOT Act or any other law pertaining to the prevention of future acts of terrorism in
any applicable jurisdiction, in each case as such law may be amended from time to time. 
 “Applicable Commitment Fee Rate”
means, with respect to Initial Revolving Commitments immediately following the Amendment No. 4 Effective Date, a percentage per annum equal to: 0.20%. 

(a) immediately following the Amendment No. 3 Effective Date, until the first Adjustment Date, 0.375%; and 

(b) thereafter, the following percentages per annum, based upon the Average Revolving Loan Utilization as of the most
recent Adjustment Date: 
  

					
	 Category
	  	 Average Revolving Loan
Utilization
	  	
Applicable

Commitment Fee

Rate

	1	  	Less than 50%	  	0.375%
	2	  	Greater than or equal to 50%	  	0.250%

 The Applicable Commitment
Fee Rate shall be adjusted quarterly on each Adjustment Date based upon the Average Revolving Loan Utilization in accordance with the table above. 

In the event that the Administrative Agent determines that
the Average Revolving Loan Utilization on the applicable Adjustment Date was incorrect or inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would
have led to the application of a (x) higher or (y) lower Applicable Commitment Fee Rate for any applicable period than the Applicable Commitment Fee Rate applied for such applicable period, then (a) the Applicable Commitment Fee Rate
shall be determined as if the pricing level for such higher Applicable Commitment Fee Rate were applicable for such applicable period, and (b) only
in the case of clause (x) hereof, the Borrower shall within three (3) Business Days of demand thereof by the Administrative Agent pay to the Administrative Agent the accrued additional
fees owing as a result of such increased Applicable Commitment Fee Rate for such applicable period, which payment shall be promptly applied by the
Administrative Agent in accordance with this Agreement. This paragraph shall not limit the rights of the Administrative Agent and Lenders with respect to
Section 2.11(c) and Section 8.01. 

  
 - 4 - 

 “Applicable Percentage” means, with respect to any Lender holding Revolving
Commitments, the percentage of the Total Revolving Commitments represented by such Lender’s Revolving Commitment. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving
Commitments most recently in effect, giving effect to any assignments. 
 “Applicable Revolving Loan Margin” means, with
respect to Revolving Loans outstanding on or after the Amendment
No. 
34 Effective Date, for any day, with respect to any Base Rate Loan or Eurodollar Loan, as the case may be, the applicable rate per annum set forth below under the caption “Base Rate Margin” or
“Eurodollar Margin,” as the case may be, based upon the Average Excess Availability as of the most recent Adjustment Date: 

(a) immediately following the Amendment
No. 
34 Effective Date, until the first Adjustment Date, 1.501.25% in respect of any Eurodollar Loan and 0.500.25% in respect of any Base Rate Loan; and 
 (b) thereafter, the following
percentages per annum, based upon the Average Excess Availability as of the most recent Adjustment Date: 
  

											
	 Category
	  	 Average Excess Availability
	  	Base Rate
Margin	 	 	Eurodollar
Margin	 
	 1
	  	 Average Excess Availability less than 33.3or equal to

50% of the Maximum Borrowing Amount
	  	 	1.000.50	% 	 	 	2.001.50	% 
	 2
	  	 Average Excess Availability greater than or equal
to

33.350%
of the Maximum Borrowing Amount, but less
 than 66.67% of the
Maximum Borrowing Amount
	  	 	0.750.25	% 	 	 	1.751.25	% 
	 3
	  	 Average Excess Availability greater than or equal
to
 66.67% of the Maximum Borrowing Amount
	  	 	0.50	% 	 	 	1.50	% 

 Any increase or decrease in the Applicable Revolving Loan Margin shall be made quarterly on a prospective
basis on each Adjustment Date based upon the Average Excess Availability in accordance with the table above; provided that (i) if a Specified Event of Default shall have occurred and be continuing at the time any reduction in the
Applicable Revolving Loan Margin would otherwise be implemented, then no such reduction shall be implemented until the date on which such Specified Event of Default shall no longer be continuing and (ii) if any Borrowing Base Certificate
delivered pursuant to this Agreement is at any time restated or otherwise revised, or if the information set forth in any such Borrowing Base Certificate otherwise proves to be false or incorrect such that the Applicable Revolving Loan Margin would
have been higher than was otherwise in effect during any period, without constituting a waiver of any Default or Event of Default arising as a result thereof, Applicable Revolving Loan Margin due under this Agreement shall be immediately
recalculated at such higher rate for any applicable periods and then shall be due and payable within three (3) Business Days of demand thereof by the Administrative Agent pay to the Administrative Agent, which payment shall be promptly applied
by the Administrative Agent in accordance with this Agreement. 
 “Approved Bank” has the meaning assigned to such term in
the definition of the term “Permitted Investments.” 
 “Approved Foreign Bank” has the meaning assigned to such
term in the definition of “Permitted Investments.” 
 “Approved Fund” means any Person (other than a natural
person) that is (or will be) engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered, advised or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 

  
 - 5 - 

 “Assignment Agreement” means an Assignment Agreement substantially in the
form of Exhibit A hereto. 
 “Audited Financial Statements” means (a) the audited combined balance sheets
of the Acquired Company for the fiscal years ended December 31, 2013 and December 31, 2014, and the related consolidated statements of income and cash flows of the Acquired Company for the fiscal years ended December 31,
2012, December 31, 2013 and December 31, 2014 and (b) the audited consolidated balance sheets of the Borrower for the fiscal years ended December 31, 2013 and December 31, 2014, and the related consolidated statements
of income and cash flows of the Borrower for the fiscal years ended December 31, 2012, December 31, 2013 and December 31, 2014. 

“Availability Period” means the period from and including the Closing Date to but excluding the earlier of the Maturity Date
and the date of termination of the Commitments. 
 “Availability Reserves” means, without duplication of any other reserves
or items that are otherwise addressed or excluded through eligibility criteria, such reserves as the Administrative Agent from time to time determines in its Permitted Discretion as being appropriate (a) to reflect impediments to the
Administrative Agent’s realizing upon the Collateral consisting of Borrowing Base Assets included in the Borrowing Base or (b) to reflect claims and liabilities that the Administrative Agent believes will need to be satisfied in connection
with such realization upon the Collateral consisting of Borrowing Base Assets included in the Borrowing Base. 
 “Available Equity
Amount” means a cumulative amount equal to (without duplication): 
 (a) the Net Proceeds of new public or private
issuances of Qualified Equity Interests in the Borrower or any parent of the Borrower which are contributed to the Borrower, plus 

(b) capital contributions received by the Borrower after the Closing Date in cash or Permitted Investments (other than
(i) in respect of any Disqualified Equity Interest, (ii) to the extent constituting a Specified Equity Contribution or (iii) amounts applied pursuant to Section 7.01(a)(xv)), plus 

(c) the net cash proceeds received by the Borrower or any Restricted Subsidiary from Indebtedness and Disqualified Equity
Interest issuances issued after the Closing Date and which have been exchanged or converted into Qualified Equity Interests, plus 

(d) returns, profits, distributions and similar amounts received in cash or Permitted Investments by the Borrower or any
Restricted Subsidiary on Investments made using the Available Equity Amount (not to exceed the amount of such Investments). 
 “Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as
applicable, any tenor for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest Period pursuant to this Agreement as of such date
and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause (vi) of Section 2.11(g).

 “Average Excess Availability” means, (i) at any Adjustment Date, the average daily Excess Availability for
the fiscal quarter immediately preceding such Adjustment Date or (ii) on any date that is not an Adjustment Date, the Average Excess Availability on the immediately preceding Adjustment Date. 

“Average Revolving Loan Utilization” means, as of any Adjustment Date, the average daily Aggregate Revolving Facility
Exposure for the fiscal quarter immediately preceding such Adjustment Date (or, if less, the period from the Closing Date to such Adjustment Date), divided by the aggregate Revolving Commitments in effect at such time. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect
of any liability of an Affected Financial Institution. 

  
 - 6 - 

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

“Bank of America” means Bank of America, N.A. 

“Bankruptcy Proceeding” means, (a) any voluntary or involuntary case or proceeding under any Bankruptcy Law or any
proceeding of the type specified in Section 7.01(g), in each case, with respect to any Loan Party, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation,
reorganization or other similar case or proceeding with respect to any Loan Party or with respect to a material portion of their respective assets, (c) any liquidation, dissolution, reorganization or winding up of any Loan Party whether
voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (d) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Loan Party; provided, that when “Bankruptcy
Proceeding” is used in the definition of “Defaulting Lender” or the term “Loan Party” in the preceding definition shall be replaced with “Lender” and when such term is used in the definition of “Eligible
Receivables” or “Eligible Unbilled Receivables”, the term “Loan Party” in the preceding definition shall be replaced with “Account Debtor”. 

“Base Rate” shall mean the highest of (i) the rate which the Administrative Agent announces from time to time as its
prime lending rate, as in effect from time to time (the “Prime Rate”), (ii) the Federal Funds Rate, as in effect from time to time, plus one-half of one percent (0.50%) per annum and (iii) the Adjusted Eurodollar
Rate determined on a daily basis for an Interest Period of one (1) month, plus one percent (1.00%) per annum (any changes in such rates to be effective as of the date of any change in such rate); provided that if the Base Rate as so
determined would be less than
1.251.00%, the Base Rate will be deemed to be 1.251.00% for the purposes of this Agreement. The Administrative
Agent’s prime lending rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. The Administrative Agent may make commercial loans or other loans at rates of interest at, above, or
below the Administrative Agent’s prime lending rate. Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate, or the Adjusted Eurodollar Rate will be effective from and including the effective date of
such change in the Prime Rate, the Federal Funds Effective Rate, or the Adjusted Eurodollar Rate. 
 “Base Rate
Loan” means any Loan bearing interest at a rate based upon the Base Rate in effect from time to time. 
 “Benchmark” means, initially, the Adjusted Eurodollar Rate; provided that if a Benchmark Transition
Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to Adjusted Eurodollar Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement
to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (ii) or clause (iii) of Section 2.11(g). 

“Benchmark
 Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement
Date: 
 (1) the sum of: (a) Term SOFR and (b) the related Benchmark Replacement Adjustment; 

(2)
 the sum of: (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment; 

“Benchmark Replacement”
means(3) the sum of: (a) the alternate
benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent and
the Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement
benchmark rate or the mechanism for determining such a rate
by the Relevant Governmental Body 

  
 - 7 - 

 
or (ii) any evolving or then-prevailing market convention for determining a
benchmark rate of interest as a replacement
to the Screen
Ratefor the then-current Benchmark for U.S.
dollar-denominated syndicated credit facilities at such
time and (b) the related Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than
0.25%, the Benchmark Replacement will be deemed to be
0.25% for the purposes of this
Agreement. 

provided
that, in the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from
time to time as selected by the Administrative Agent in its reasonable discretion; provided further that, notwithstanding anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event,
and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date the “Benchmark Replacement” shall revert to and shall be deemed to be the sum of (a) Term SOFR and (b) the related Benchmark Replacement
Adjustment, as set forth in clause (1) of this definition (subject to the first proviso above). If the Benchmark Replacement as determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed to be the
Floor for the purposes of this Agreement and the other Loan Documents. 

“Benchmark
 Replacement Adjustment” means, with respect to any replacement of the then-current
Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement: 

(1)
 for purposes of clauses (1) and (2) of the definition of
“Benchmark Replacement,” the first alternative set forth in the order below that can be determined by the Administrative Agent: 

(a)
 the spread adjustment, or method for calculating or
determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body
for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; 

(b)
 the spread adjustment (which may be a positive or negative
value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation
event with respect to such Benchmark for the applicable Corresponding Tenor; and 

(2)
 for purposes of clause (3) of the definition of “Benchmark Replacement Adjustment” means, with respect to any replacement of the
Screen Rate with an Unadjusted Benchmark Replacement
for each applicable Interest
Period,,” the spread adjustment, or method
for calculating or determining such spread adjustment, (which may be a positive or negative value or
zero), that has been selected by the Administrative Agent
and the Borrower for the applicable Corresponding Tenor
giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Screen Ratesuch
Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body
on the applicable Benchmark Replacement Date or
(ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Screen Ratesuch
Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time.; 

provided
that, in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable
discretion. 
 “Benchmark Replacement Conforming Changes”
means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,”
timing and frequency of determining rates and making payments of interest and other, timing of borrowing requests or prepayment, conversion or continuation notices, length of  

  
 - 8 - 

 
lookback periods, the applicability of breakage provisions, and
other technical, administrative or operational matters) that the Administrative Agent decides in its reasonable
discretion may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner
substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the
administration of
thesuch
 Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Benchmark Replacement Date” means the
earlierst to occur of the following events with respect to the Screen Ratethen-current Benchmark: 

(1)
 in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of 

(a) the date of the public statement or publication of information referenced therein; and 

(1) (b) the date on which the administrator of the Screen Ratesuch Benchmark (or the published component used in the calculation
thereof) permanently or indefinitely ceases to provide the Screen Rate; orall Available Tenors of such Benchmark (or such component thereof);

 (2) (2) in the case of clause (3) of the definition of
“Benchmark Transition Event,” the date of the public statement or publication of information referenced therein.; or 

(3) in the
case of a Term SOFR Transition Event, the date that is thirty (30) days after the date a Term SOFR Notice is provided to the Lenders and the Borrower pursuant to Section 2.11(g)(iii); or

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

For the
avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred
prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the
applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the Screen Ratethen-current
Benchmark: 
 (1) a public statement or publication of information by or on
behalf of the administrator of the Screen
Ratesuch Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide the Screen Rateall Available Tenors of such Benchmark (or such component thereof),
permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the
Screen Rateany Available Tenor of such Benchmark (or such component thereof); 
 (2) a public statement or publication of information by the regulatory supervisor for the
administrator of the Screen Rate, the
U.S.such Benchmark (or the published component used in the calculation thereof), the Federal Reserve
SystemBoard,
the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for
the Screen
Ratesuch Benchmark (or such component), a
resolution authority with jurisdiction over the administrator for the Screen Rate,such Benchmark (or such component) or a court or an entity with similar
insolvency or resolution authority over the administrator for the Screen Ratesuch Benchmark (or such component), 

  
 - 9 - 

 
which states that the administrator of the Screen Ratesuch Benchmark (or such component) has ceased or will cease to provide
the Screen
Rateall Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Screen Rateany
Available Tenor of such Benchmark (or such component thereof); or 
 (3) a public
statement or publication of information by the regulatory supervisor for the administrator of the Screen Ratesuch Benchmark (or the published component used in the calculation
thereof) announcing that the Screen Rate isall Available Tenors of such Benchmark (or such component thereof) are
no longer representative. 

“Benchmark Transition Start
Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of
information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or
publication, the date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Borrower, the Administrative Agent
(in the case of such notice by the Required Lenders) and the Lenders. 
 For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any
Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 
 “Benchmark Unavailability Period” means, if a Benchmark Transition Event and its related Benchmark Replacement
Date have occurred with respect to the Screen Rate and solely
to the extent that the Screen Rate has not been
replaced with a Benchmark Replacement, the period (if
any) (x) beginning at the time that sucha Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred
if, at such time, no Benchmark Replacement has replaced the Screen
Ratethen-current Benchmark for all purposes
hereunder and under any Loan Document in accordance with
Section 2.11(g)(ii)-(g)(v) and (y) ending at the time that a Benchmark Replacement has
replaced the Screen
Ratethen-current Benchmark for all purposes
hereunder pursuant
toand under any Loan Document in accordance with
Section 2.11(g)(ii)-(g)(v). 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of
the Code) the assets of any such “employee benefit plan” or “plan.” 
 “Blocked Account Agreement” has
the meaning assigned to such term in Section 2.21(a). 
 “Blocked Accounts” has the meaning assigned to such
term in Section 2.21(a). 
 “BMC Transaction” means the merger transaction with BMC Stock Holdings, Inc., a
Delaware corporation (“BMC”), pursuant to the Agreement and Plan of Merger, dated as of August 26, 2020, by and among Builders FirstSource, Boston Merger Sub I Inc., a Delaware corporation and a direct wholly owned subsidiary of
Builders FirstSource (“Merger Sub”), and BMC, pursuant to which, the Merger Sub merged with and into BMC, with BMC continuing as the surviving corporation and a wholly owned subsidiary of the Borrower. 

“Board of Directors” means, with respect to any Person, (a) in the case of any corporation, the board of directors of
such Person or any committee thereof duly authorized to act on behalf of such board, (b) in the case of any limited liability company, the board of managers, board of directors, manager or managing member of such Person or the functional
equivalent of the foregoing or any committee thereof duly authorized to act on behalf of such board, manager or managing member, (c) in the case of any partnership, the board of directors or board of managers of the general partner of such
Person and (d) in any other case, the functional equivalent of the foregoing. 
 “Board of Governors” means the Board
of Governors of the Federal Reserve System of the United States of America. 

  
 - 10 - 

 “Borrower Materials” has the meaning assigned to such term in the last
paragraph of Section 6.01. 
 “Borrower” has the meaning provided in the first paragraph of this Agreement.
“Borrower” shall include any Successor Borrower thereof. 
 “Borrowing” means a Revolving Borrowing or the
incurrence of a Swing Loan. 
 “Borrowing Base” means (i) 85% of the Value of Eligible Receivables, plus
(ii) 90% of the Net Orderly Liquidation Value of Eligible Inventory, plus (iii) 90% of the face amount of Eligible Credit Card Receivables, plus (iv) 85% of the Value of Eligible Unbilled Receivables, plus
(v) an amount equal to the lesser of (x) the greater of $75,000,000 and 5.50% of Total Revolving Commitments and (y) 65% of Eligible Billings, plus (vi) 100% of unrestricted cash held in a deposit account maintained with
the Administrative Agent or over which the Administrative Agent has a perfected interest (such cash, the “Qualified Cash”) minus (vii) without duplication, the amount of all Reserves as the Administrative Agent may at
any time and from time to time in the exercise of its Permitted Discretion establish or modify in accordance with the provisions of Section 2.22; provided that in no event shall the net aggregate amounts set forth in clauses
(i) through (vii) attributable to Inventory or Receivables acquired pursuant to the purchase or other acquisition of property and assets or Acquired Entity or Business that is not subject to a completed Collateral Review
conducted by or on behalf of the Administrative Agent exceed (A) in the case of the BMC Transaction, the lesser of (x) $350,000,000 and (y) for each Borrowing Base Certificate that is delivered on or after the date that such BMC
Transaction is consummated and prior to the date that is one hundred eighty (180) days after the date such BMC Transaction is consummated, the Borrowing Base shall include the sum of (1) 65% of the net book value of Eligible Receivables
acquired in such BMC Transaction and (2) 50% of the net book value of Eligible Inventory acquired in such BMC Transaction (the “BMC Acquired Asset Borrowing Base”) and (B) in the case of other Permitted Acquisitions, the
lesser of (x) 20% of the Borrowing Base (after giving effect to the inclusion of acquired Eligible Inventory and Eligible Receivables) and (y)(i) for each Borrowing Base Certificate that is delivered on or after the date that such Permitted
Acquisition is consummated and prior to the date that is ninety (90) days after the date such Permitted Acquisition is consummated, the Borrowing Base shall include the sum of (1) 70% of the net book value of Eligible Receivables acquired
in such Permitted Acquisition and (2) 70% of the Net Orderly Liquidation Value of Eligible Inventory acquired in such Permitted Acquisition and (ii) for each subsequent Borrowing Base Certificate that is delivered on or after the date that
is ninety (90) days after such Permitted Acquisition is consummated and on or before the date that is one hundred eighty (180) days after such Permitted Acquisition is consummated (or such later date as may be agreed to by the
Administrative Agent in its reasonable discretion), the Borrowing Base shall include the sum of (1) 55% of the net book value of Eligible Receivables acquired in such Permitted Acquisition and (2) 55% of the Net Orderly Liquidation Value
of Eligible Inventory acquired in such Permitted Acquisition ((B)(y)(i) or (B)(y)(ii), as applicable, the “Other Acquired Asset Borrowing Base”); provided further that, the limitations set forth in this clause (B)(y) shall
not apply to the extent that Eligible Receivables and Eligible Inventory acquired pursuant to Permitted Acquisitions other than the BMC Transaction contribute an amount less than 10% of the Borrowing Base prior to giving effect to any such acquired
Eligible Receivables and Eligible Inventory. To the extent that a Collateral Review reasonably satisfactory to the Administrative Agent has not been completed within one hundred eighty (180) days (or such later date as may be agreed to by the
Administrative Agent in its reasonable discretion) of the BMC Transaction or other Permitted Acquisition (as applicable) such BMC Acquired Asset Borrowing Base and Other Acquired Asset Borrowing Base (as applicable) will cease to be included in the
Borrowing Base; provided that, in the event that the Borrower has provided the Administrative Agent the opportunity to undertake such Collateral Review with reasonably sufficient time and access to complete such Collateral Review by such date
but such Collateral Review has not been completed by such date, then such amount shall continue to be included in the Borrowing Base for an additional period of thirty (30) days (as such period may further be extended pursuant to this proviso
if applicable at the end of such extended period as may be agreed to by the Administrative Agent in its reasonable discretion). For the avoidance of doubt, prior to the date of closing of any such Permitted Acquisition, no portion of the Other
Acquired Asset Borrowing Base shall be included in the Borrowing Base for purposes of determining the Maximum Borrowing Amount for purposes of a Borrowing. The Borrower, in its sole discretion, may request that the Administrative Agent undertake a
Collateral Review at the Borrower’s expense solely in respect of any acquired property and assets or Acquired Entity or Business and, upon such request, the Administrative Agent shall commence such Collateral Review in respect of such acquired
property and assets within 30 days (it being understood that any such requested Collateral Review shall not reduce the number of Collateral Reviews otherwise permitted by, or the expenses which are otherwise reimbursable pursuant to,
Section 6.03(b)). The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 6.01 and adjusted by the Administrative
Agent in accordance with Section 2.22 based upon additional information, if any, received after the date of delivery of any such Borrowing Base Certificate. 

  
 - 11 - 

 “Borrowing Base Assets” means any Loan Party’s Inventory and
Receivables and other assets directly related thereto, including documents, instruments, general intangibles, deposit accounts and the proceeds of all of the same. 

“Borrowing Base Certificate” means a certificate, signed and certified as accurate and complete by a Financial Officer, in
substantially the form of Exhibit R (as amended by Exhibit D to Amendment No. 3) or another form which is acceptable to the Administrative Agent in its reasonable discretion. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the
London interbank market. 
 “Capital Expenditures” means with respect to the Loan Parties for any period, all expenditures
that would be reflected as capital expenditures on a Consolidated statement of cash flows of the Borrower and its Restricted Subsidiaries for such period prepared in accordance with GAAP; provided that “Capital Expenditures” shall
not include, without duplication, (i) any additions to property and equipment and other capital expenditures made with the proceeds of any equity securities issued or capital contributions received by any Loan Party or any Subsidiary (other
than Specified Equity Contributions or Disqualified Equity Interests), (ii) expenditures made in connection with the replacement, substitution, restoration or repair of assets to the extent financed with (x) insurance proceeds paid on
account of the loss of or damage to the assets being replaced, restored or repaired, or (y) awards of compensation arising from the taking by eminent domain or condemnation of the assets being replaced, (iii) the purchase price of
equipment that is purchased substantially contemporaneously with the trade-in of existing equipment to the extent that the gross amount of such purchase price is reduced by the credit granted by the seller of such equipment for the equipment being
traded in at such time, (iv) any consideration payable with respect to any Permitted Acquisitions or other Investment, (v) the purchase of property, plant or equipment to the extent financed with the proceeds of any dispositions of assets
or property not prohibited hereunder, (vi) expenditures that are accounted for as capital expenditures by the Borrower or any Restricted Subsidiary and that actually are paid for by a Person other than the Borrower or any Restricted Subsidiary
or Affiliate thereof, to the extent neither the Borrower nor any Restricted Subsidiary has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such Person or any other Person (whether before,
during or after such period), (vii) any expenditures which are contractually required to be, and are, advanced or reimbursed to the Loan Parties in cash by a third party (including landlords) during such period of calculation, (viii) the
book value of any asset owned by the Borrower or any Restricted Subsidiary prior to or during such period to the extent that such book value is included as a capital expenditure during such period as a result of such Person reusing or beginning to
reuse such asset during such period without a corresponding expenditure actually having been made in such period; provided that (A) any expenditure necessary in order to permit such asset to be reused shall be included as a Capital
Expenditure during the period in which such expenditure actually is made and (B) such book value shall have been included in Capital Expenditures when such asset was originally acquired, (ix) the purchase price of equipment purchased
during such period to the extent the consideration consists of any combination of (A) used or surplus equipment traded in at the time of such purchase and (B) the proceeds of a concurrent sale of used or surplus equipment, in each case, in
the ordinary course of business and (x) any other capital expenditures that are financed with the proceeds of Indebtedness (other than Revolving Loans) or Net Proceeds of any disposition of assets, any casualty event, any incurrence or issuance
of Indebtedness or any issuance of Equity Interests (other than Disqualified Equity Interests or Specified Equity Contributions). 

“Capitalized Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the
amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP; provided that all obligations of any Person that are or would be characterized 

  
 - 12 - 

 
as an operating lease as determined in accordance with GAAP as in effect on the Closing Date (whether or not such operating lease was in effect on such date) shall continue to be accounted for as
an operating lease (and not as a Capitalized Lease or Capitalized Lease Obligation) for purposes of this Agreement regardless of any change in GAAP following the Closing Date that would otherwise require such obligation to be recharacterized as a
Capitalized Lease Obligation, to the extent that financial reporting shall not be affected hereby. For purposes of Section 7.02, a Capitalized Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such
property shall be deemed to be owned by the lessee. 
 “Capitalized Leases” means all leases that have been or should be,
in accordance with GAAP as in effect on the Closing Date, 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. 
 “Capitalized Software Expenditures” means, for any period, the aggregate of all expenditures
(whether paid in cash or accrued as liabilities) by the Borrower and its Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are
required to be reflected as capitalized costs on the consolidated balance sheet of the Borrower and its Restricted Subsidiaries. 

“Cash Collateralize” means to deposit in an account subject to a deposit account control agreement in form and substance
reasonably satisfactory to the Administrative Agent and each applicable LC Issuer or to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the LC Issuers or Lenders, as collateral for Obligations
relating to Letters of Credit or obligations of Lenders to fund participations in respect of such Obligations, as applicable, cash in an amount equal to 103% of such Obligations or, if the Administrative Agent and each applicable LC Issuer 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 each applicable LC Issuer. “Cash Collateral” shall have a
meaning correlative to the foregoing definition and shall include the proceeds of such cash collateral and other credit support. 

“Cash Management Agreement” means any agreement or arrangement to provide Cash Management Services. 

“Cash Management Bank” means (i) any Person that, either at the time it enters into a Cash Management Agreement or at
any time after it enters into a Cash Management Agreement, becomes a Lender or an Agent or an Affiliate of a Lender or an Agent, in its capacity as a party to such Cash Management Agreement and (ii) Wells Fargo and Bank of America (or their
respective designated Affiliates), with respect to the Existing Cash Management Services. 
 “Cash Management Services”
means treasury, depository, cash pooling arrangements and cash management services, corporate credit and purchasing cards and related programs or any automated clearing house transfers of funds; which shall for the avoidance of doubt include the
Existing Cash Management Services. 
 “Casualty Event” means any event that gives rise to the receipt by the Borrower or
any Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property. 

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

“CFC Holdco” means a Domestic Subsidiary that is a disregarded entity for U.S. federal income tax purposes with no material
assets other than Equity Interests (and debt securities, if any) of one or more Foreign Subsidiaries that are CFCs, or of other CFC Holdcos. 

  
 - 13 - 

 “Change in Law” means (a) the adoption of any rule, regulation, treaty
or other law after the date of this Agreement, (b) any change in any rule, regulation, treaty or other law or in the administration, interpretation or application thereof by any Governmental Authority after the date of this Agreement or
(c) compliance by any Lender with any guideline, request, directive, or order issued or made after the date of this Agreement by any central bank or other governmental or quasi-governmental authority
(whether or not having the force of law), including, for avoidance of doubt, any such adoption, change or compliance in respect of (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, regulations, guidelines, or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines, requirements, or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority), or the United States or foreign regulatory authorities pursuant to Basel III in each case, after the date of this Agreement. 

“Change of Control” means (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any
Person or group, other than the Permitted Holders (directly or indirectly, including through one or more holding companies), of Equity Interests representing 50% or more of the aggregate ordinary voting power represented by the issued and
outstanding Equity Interests in the Borrower and the percentage of the aggregate ordinary voting power so held is greater than the percentage of the aggregate ordinary voting power represented by the Equity Interests in the Borrower held by the
Permitted Holders, unless the Permitted Holders (directly or indirectly, including through one of more holding companies) otherwise have the right (pursuant to contract, proxy or otherwise), directly or indirectly, to designate, nominate or appoint
(and do so designate, nominate or appoint) a majority of the Board of Directors of the Borrower or (b) the occurrence of a “Change of Control” (or similar event, however denominated), as defined in the Secured Notes Indenture or the
Unsecured Notes Indenture. 
 For purposes of this definition, (i) “beneficial ownership” shall be as defined in Rules
13(d)-3 and 13(d)-5 under the Exchange Act, (ii) the phrase Person or “group” is within the meaning of Section 13(d) or 14(d) of the Exchange Act, but excluding any employee benefit plan of such Person or “group” and
its subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan, and (iii) if any Person or “group” includes one or more Permitted Holders, the issued and outstanding
Equity Interests of the Borrower directly or indirectly owned by the Permitted Holders that are part of such Person or “group” shall not be treated as being owned by such Person or “group” for purposes of determining whether
clause (a) of this definition is triggered). 
 “Charges” has the meaning provided in Section 11.23. 

“Chattel Paper” means any “chattel paper,” as such term is defined in the UCC, including electronic chattel paper,
now owned or hereafter acquired by any Loan Party, wherever located. 
 “Class” when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing are, Extended Revolving Credit Loans (of the same Extension Series), Incremental Revolving Loans (of a Class), Initial Revolving Loans, Swing Loans and, when used in
reference to any Commitment, refers to whether such Commitment is an Extended Revolving Credit Commitment (of the same Extension Series), an Revolving Commitment Increase (of a Class), Swing Line Commitment and when used in reference to any Lender,
refers to whether such Lender has a Loan or Commitment with respect to the applicable Class. Commitments (and, in each case, the Loans made pursuant to such Commitments) that have the same terms and conditions shall be construed to be in the same
Class. There shall be no more than an aggregate of five (5) Classes of revolving credit facilities under this agreement. 

“Closing Date” means July 31, 2015. 

“Code” means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

 “Co-Documentation Agents” has the meaning assigned to such term in the first paragraph to this Agreement. 

“Co-Syndication Agents” has the meaning provided in the first paragraph of this Agreement. 

“Collateral” means any and all assets, whether real or personal, tangible or intangible, on which Liens are purported to be
granted pursuant to the Security Documents as security for the Obligations. 

  
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 “Collateral Access Agreement” has the meaning assigned to such term in the
Collateral Agreement. 
 “Collateral Agent” means Truist Bank (as successor by merger to SunTrust Bank), in its capacity as
collateral agent, security trustee or pledgee in its own name under any of the Loan Documents, or any successor collateral agent. 

“Collateral Agreement” means the Amended and Restated Collateral Agreement among the Borrower, each other Loan Party and the
Collateral Agent, substantially in the form of Exhibit D (as amended by Exhibit E to Amendment No. 3). 

“Collateral and Guarantee Requirement” means, at any time, the requirement that: 

(a) the Administrative Agent shall have received from (i) the Borrower and each of the Restricted Subsidiaries (other
than any Excluded Subsidiary) either (x) a counterpart of the ABL Guarantee Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes a Loan Party after the Closing Date (including,
without limitation, by ceasing to be an Excluded Subsidiary or as the result of a Division), a supplement to the ABL Guarantee Agreement, in substantially the form specified therein, duly executed and delivered on behalf of such Person and
(ii) the Borrower and each Subsidiary Loan Party either (x) a counterpart of the Collateral Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes a Subsidiary Loan Party after the
Closing Date (including, without limitation, by ceasing to be an Excluded Subsidiary or as the result of a Division), a supplement to the Collateral Agreement, in substantially the form specified therein, duly executed and delivered on behalf of
such Person, in each case under this clause (a) together with, in the case of any such Loan Documents executed and delivered after the Closing Date, to the extent reasonably requested by the Administrative Agent, opinions and documents of the
type referred to in Sections 4.01(b) and 4.01(d); 
 (b) subject to the ABL/Bond Intercreditor Agreement, all outstanding
Equity Interests of each Restricted Subsidiary that is a Material Subsidiary (other than any Equity Interests constituting Excluded Assets) owned by or on behalf of any Loan Party, shall have been pledged pursuant to the Collateral Agreement, and,
subject to the ABL/Bond Intercreditor Agreement, the Administrative Agent shall have received certificates, if any, or other instruments, if any, representing all such Equity Interests to the extent constituting “certificated securities”
(other than such Equity Interests constituting Excluded Assets), together with undated stock powers or other instruments of transfer with respect thereto endorsed in blank; 

(c) subject to the ABL/Bond Intercreditor Agreement, if any Indebtedness for borrowed money of the Borrower or any Subsidiary
in a principal amount of $1,000,000 or more is owing by such obligor to any Loan Party and such Indebtedness is evidenced by a promissory note, such promissory note shall be pledged pursuant to the Collateral Agreement, and, subject to the ABL/Bond
Intercreditor Agreement, the Administrative Agent shall have received all such promissory notes, together with undated instruments of transfer with respect thereto endorsed in blank; provided, however, the foregoing delivery requirement with
respect to any intercompany indebtedness may be satisfied by delivery of an omnibus or global intercompany note executed by all Loan Parties as payees and all such obligors as payors; 

(d) all certificates, agreements, documents and instruments, including Uniform Commercial Code financing statements and
Intellectual Property security agreements required by this Agreement, the Security Documents, Requirements of Law and reasonably requested by the Administrative Agent to be filed, delivered, registered or recorded to create the Liens intended to be
created by the Security Documents and perfect such Liens to the extent required by, and with the priority required by, this Agreement, the Security Documents and the other provisions of the term “Collateral and Guarantee Requirement,”
shall have been filed, registered or recorded or delivered to the Administrative Agent for filing, registration or recording; and 

(e) the Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each Material Real
Property duly executed and delivered by the record owner of such Mortgaged Property (if the Mortgaged Property is in a jurisdiction that imposes a mortgage recording or similar tax is imposed on the amount secured by such Mortgage, then the amount
secured by such Mortgage shall be limited to the 

  
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book value of such Mortgaged Property, as reasonably determined by the Borrower), (ii) a policy or policies of title insurance (or marked unconditional commitment to issue such policy or
policies) issued by a nationally recognized title insurance company insuring the Lien of each such Mortgage as a first priority Lien on the Mortgaged Property described therein, free of any other Liens except as expressly permitted by
Section 6.02, together with such customary lender’s endorsements (other than a creditor’s rights endorsement) as the Administrative Agent may reasonably request to the extent available in the applicable jurisdiction at commercially
reasonable rates (it being agreed that the Administrative Agent shall accept zoning reports from a nationally recognized zoning company in lieu of zoning endorsements to such title insurance policies), in an amount equal to the fair market value of
such Mortgaged Property or as otherwise reasonably agreed by the parties; provided that in no event will the Borrower be required to obtain independent appraisals of such Mortgaged Properties, unless required by FIRREA, (iii) a completed
“Life-of-Loan” Federal Emergency Management Agency standard flood hazard determination with respect to each Mortgaged Property, and if any Mortgaged Property is located in an area determined by the Federal Emergency Management Agency (or
any successor agency) to be located in special flood hazard area, a duly executed notice about special flood hazard area status and flood disaster assistance and evidence of such flood insurance as provided in Section 6.07(b),
(iv) opinions, addressed to the Administrative Agent and the Secured Creditors, from counsel qualified to opine in each jurisdiction where a Mortgaged Property is located regarding the enforceability of the Mortgage, (v) a survey or
existing survey together with a no change affidavit of such Mortgaged Property, in compliance with the 2011 Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys and otherwise reasonably satisfactory to the Administrative Agent, and
(vi) evidence of payment of title insurance premiums and expenses and all recording, mortgage, transfer and stamp taxes and fees payable in connection with recording the Mortgage, any amendments thereto and any fixture filings in appropriate
county land office(s). 
 Notwithstanding the foregoing provisions of this definition or anything in this Agreement or any other Loan
Document to the contrary, (a) the foregoing provisions of this definition shall not require the creation or perfection of pledges of or security interests in, or the obtaining of title insurance, legal opinions or other deliverables with
respect to, particular assets of the Loan Parties, or the provision of Guarantees by any Subsidiary, if the Administrative Agent and the Borrower reasonably agree in writing that the cost, burden, difficulty or consequence of creating or perfecting
such pledges or security interests in such assets, or obtaining such title insurance, legal opinions or other deliverables in respect of such assets, or providing such Guarantees (taking into account any adverse tax consequences to the Borrower and
its Affiliates (including the imposition of withholding or other material taxes)), outweighs the benefits to be obtained by the Lenders therefrom; (b) Liens required to be granted from time to time pursuant to the term “Collateral and
Guarantee Requirement” shall be subject to exceptions and limitations set forth in the Security Documents; (c) except to the extent required by Section 2.21 and Section 6.12(c), in no event shall control agreements or other
control or similar arrangements be required with respect to cash, Permitted Investments, other deposit accounts, securities and commodities accounts (including securities entitlements and related assets), letter of credit rights or other assets
requiring perfection by control (but not, for avoidance of doubt, possession); (d) in no event shall any Loan Party be required to complete any filings or other action with respect to the perfection of security interests in any jurisdiction
outside of the United States, and no actions in any non-U.S. jurisdiction or required by the laws of any non-U.S. jurisdiction shall be required to be taken to create any security interests in assets located or titled outside of the United States
(including any Equity Interests of Foreign Subsidiaries and any Intellectual Property governed by or arising or existing under the laws of any jurisdiction other than the United States of America, any State thereof or the District of Columbia) or to
perfect or make enforceable any security interests in any such assets (it being understood that there shall be no security agreements or pledge agreements governed under the laws of any non-U.S. jurisdiction); (e) in no event shall any Loan
Party be required to complete any filings or other action with respect to perfection of security interests in assets subject to certificates of title beyond the filing of UCC financing statements; (f) other than the filing of UCC financing
statements, no perfection shall be required with respect to promissory notes evidencing debt for borrowed money in a principal amount of less than $50,000,000; (g) in no event shall any Loan Party be required to complete any filings or other
action with respect to security interests in Intellectual Property beyond the filing of Intellectual Property security agreements with the United States Patent and Trademark Office or the United States Copyright Office; (h) no actions shall be
required to perfect a security interest in letter of credit rights (other than the filing of UCC financing statements); and (i) in no event shall the Collateral include any Excluded Assets. The Administrative Agent may grant extensions of time
for the creation and perfection of security interests in or the obtaining of title insurance, legal opinions or other deliverables with respect to particular assets or the provision of any Guarantee by any Subsidiary (including extensions beyond the
Closing Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Closing Date) and any other obligations under this definition where it determines that such action cannot be accomplished without undue effort or
expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Security Documents. 

  
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 “Collateral Review” means, as the case may be, an Inventory appraisal or a
field examination; provided that for the avoidance of doubt, one Inventory appraisal and one field examination shall constitute two Collateral Reviews. 

“Commercial Letter of Credit” means any letter of credit or similar instrument issued for the purpose of providing the
primary payment mechanism in connection with the purchase of materials, goods or services. 
 “Commitment” means with
respect to each Lender, (i) its Revolving Commitment, (ii) Extended Revolving Credit Commitment, or (iii) its Revolving Commitment Increase. 

“Commitment Fees” has the meaning provided in Section 2.13(a). 

“Commitment Increase Notice” has the meaning provided in Section 2.18(a). 

“Commodities Hedge Agreement” means a commodities contract purchased by the Borrower or any of its Subsidiaries in the
ordinary course of business, and not for speculative purposes, with respect to raw materials necessary to the manufacturing or production of goods in connection with the business of the Borrower and its Subsidiaries. 

“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. 
 “Communications” has the meaning provided in Section 9.15(a). 

“Compliance Certificate” means the certificate required to be delivered pursuant to Section 6.01(h). 

“Compliance Date” means any date that is the last day of a fiscal quarter of the Borrower. 

“Confidential Information” has the meaning provided in Section 11.15(b). 

“Consolidated Cash Interest Expense” means, as of any date for the applicable period ending on such date with respect to the
Borrower and its Restricted Subsidiaries on a consolidated basis, the amount payable with respect to such period in respect of (a) total interest expense payable in cash with respect to all outstanding Indebtedness of the Borrower and its
Restricted Subsidiaries (including the interest component under Capitalized Leases, but excluding, to the extent included in interest expense, (i) fees and expenses (including any penalties and interest relating to Taxes) associated with the
consummation of the Transactions, (ii) annual agency fees paid to the administrative agents and collateral agents under any credit facilities or other debt instruments or documents, (iii) costs associated with obtaining Swap Agreements and
any interest expense attributable to the movement of the mark-to-market valuation of obligations under Swap Agreements or other derivative instruments, and any one-time cash costs associated with breakage in respect of Swap Agreements for interest
rates, (iv) fees and expenses (including any penalties and interest relating to Taxes) associated with any Investment not prohibited by Section 7.04, the issuance of Equity Interests or Indebtedness, (v) any interest component
relating to accretion or accrual of discounted liabilities, (vi) all non-recurring cash interest expense consisting of liquidated damages for failure to timely comply with registration rights obligations, (vii) amortization of deferred
financing fees, debt issuance costs, commissions, fees and expenses or expensing of any financing fees or prepayment or redemption premiums or penalty and any other amounts of non-cash interest (including as a result of the effects of acquisition
method accounting or pushdown accounting), and (viii) any interest expense attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto and with
respect to any Permitted Acquisition or other Investment, all as calculated on a consolidated basis in accordance with GAAP minus (b) cash interest income of Borrower and its Restricted Subsidiaries earned during such period, in each case as
determined in accordance with GAAP. 

  
 - 17 - 

 “Consolidated EBITDA” means, for any period, Consolidated Net Income for
such period, plus: 
 (a) without duplication and to the extent already deducted (and not added back) in arriving at
such Consolidated Net Income, the sum of the following amounts for such period: 
 (i) total interest expense and, to the
extent not reflected in such total interest expense, the sum of (A) premium payments, debt discount, fees, charges and related expenses incurred in connection with borrowed money (including capitalized interest) or in connection with the
deferred purchase price of assets plus (B) the portion of rent expense with respect to such period under Capitalized Leases that is treated as interest expense in accordance with GAAP plus (C) the implied interest component of synthetic
leases with respect to such period plus (D) any losses on hedging obligations or other derivative instruments entered into for the purpose of hedging interest rate risk, net of interest income and gains on such hedging obligations or such
derivative instruments plus (E) bank and letter of credit fees and costs of surety bonds in connection with financing activities, plus (F) any commissions, discounts, yield and other fees and charges (including any interest expense)
related to any Qualified Securitization Facility plus (G) amortization or write-off of deferred financing fees, debt issuance costs, debt discount or premium, terminated hedging obligations and other commissions, financing fees and expenses
and, adjusted, to the extent included, to exclude any refunds or similar credits received in connection with the purchasing or procurement of goods or services under any purchasing card or similar program; 

(ii) provision for taxes based on income, profits or capital and sales taxes, including federal, provincial, territorial,
foreign, state, local, franchise, excise, and similar taxes and foreign withholding taxes paid or accrued during such period (including in respect of repatriated funds) including penalties and interest related to such taxes or arising from any tax
examinations (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto); 

(iii) Non-Cash Charges; 

(iv) operating expenses incurred on or prior to the Closing Date attributable to (A) salary obligations paid to employees
terminated prior to the Closing Date and (B) wages paid to executives in excess of the amounts the Borrower and/or any of its Restricted Subsidiaries are required to pay pursuant to their respective employment agreements; 

(v) extraordinary losses or charges in accordance with GAAP; 

(vi) unusual, non-recurring or exceptional expenses, losses or charges (including any unusual, non-recurring or exceptional
operating expenses, losses or charges directly attributable to the implementation of cost savings initiatives), severance, relocation costs, integration and facilities’ opening costs and other business optimization expenses and operating
improvements (including related to new product introductions), systems development and establishment costs, recruiting fees, signing costs, retention or completion bonuses, transition costs, costs related to closure/consolidation of facilities,
internal costs in respect of strategic initiatives and curtailments or modifications to pension and post-retirement employee benefit plans (including any settlement of pension liabilities), contract terminations and professional and consulting fees
incurred in connection with any of the foregoing; 
 (vii) restructuring charges, accruals or reserves (including
restructuring and integration costs related to acquisitions and adjustments to existing reserves), whether or not classified as restructuring expense on the consolidated financial statements; 

  
 - 18 - 

 (viii) the amount of any non-controlling interest consisting of income
attributable to non-controlling interests of third parties in any Non-Wholly Owned Subsidiary deducted (and not added back in such period) in calculating Consolidated Net Income; 

(ix) (A) the amount of board of directors, management, monitoring, consulting and advisory fees, indemnities and related
expenses paid or accrued in such period (including any termination fees payable in connection with the early termination of management and monitoring agreements) and (B) the amount of expenses relating to payments made to option holders of the
Borrower or any of its direct or indirect parent companies in connection with, or as a result of, any distribution being made to shareholders of such Person or its direct or indirect parent companies, which payments are being made to compensate such
option holders as though they were shareholders at the time of, and entitled to share in, such distribution, in each case to the extent permitted in the Loan Documents; 

(x) losses, expenses or charges (including all fees and expenses or charges relating thereto) (A) from abandoned, closed,
disposed or discontinued operations and any losses on disposal of abandoned, closed or discontinued operations and (B) attributable to business dispositions or asset dispositions (other than in the ordinary course of business) as determined in
good faith by a Financial Officer; 
 (xi) any non-cash loss attributable to the mark to market movement in the valuation of
any Equity Interests, and hedging obligations or other derivative instruments (in each case, including pursuant to Financial Accounting Standards Codification No. 815—Derivatives and Hedging but only to the extent the cash impact resulting
from such loss has not been realized); 
 (xii) any loss relating to amounts paid in cash prior to the stated settlement date
of any hedging obligation that has been reflected in Consolidated Net Income for such period; 
 (xiii) any gain relating to
hedging obligations associated with transactions realized in the current period that has been reflected in Consolidated Net Income in prior periods and excluded from Consolidated EBITDA pursuant to clauses (c)(vi) and (c)(vii) below;

 (xiv) any costs or expenses incurred by the Borrower or any Restricted Subsidiary pursuant to any management equity plan
or stock option plan or any other management or employee benefit plan or agreement, any severance agreement or any stock subscription or shareholder agreement, to the extent that such costs or expenses are non-cash or otherwise funded with cash
proceeds contributed to the capital of the Borrower or Net Proceeds of an issuance of Equity Interests of the Borrower (other than Disqualified Equity Interests); 

(xv) any net pension or other post-employment benefit costs representing amortization of unrecognized prior service costs,
actuarial losses, including amortization of such amounts arising in prior periods, amortization of the unrecognized net obligation (and loss or cost) existing at the date of initial application of FASB Accounting Standards Codification 715, and any
other items of a similar nature; 
 (xvi) the amount of losses on Dispositions of accounts receivable, Securitization Assets
and related assets incurred in connection with a Qualified Securitization Facility; 
 (xvii) other add-backs and adjustments
reflected in the Information Memorandum and the Model; 
 (xviii) earn-out and contingent consideration obligations
(including to the extent accounted for as bonuses or otherwise) and adjustments thereof and purchase price adjustments, in each case in connection with acquisitions or Investments; 

  
 - 19 - 

 (xix) charges, losses, lost profits, expenses (including litigation
expenses, fee and charges) or write-offs to the extent indemnified or insured by a third party, including expenses or losses covered by indemnification provisions or by any insurance provider in connection with the Transactions, a Permitted
Acquisition or any other acquisition or Investment, disposition or any Casualty Event, in each case, to the extent that coverage has not been denied and so long as such amounts are actually reimbursed in cash within one year after the related amount
is first added to Consolidated EBITDA pursuant to this clause (xix) (and if not so reimbursed within one year, such amount shall be deducted from Consolidated EBITDA during the next measurement period); 

(xx) cash receipts (or any netting arrangements resulting in reduced cash expenses) not included in Consolidated EBITDA in any
period to the extent non-cash gains relating to such receipts were deducted in the calculation of Consolidated EBITDA pursuant to clause (c) below for any previous period and not added back; and 

(xxi) Public Company Costs; plus 

(b) without duplication, the amount of “run rate” cost savings, operating expense reductions, other operating
improvements, and synergies related to any Specified Transaction, the Transactions, any restructuring, cost saving initiative or other initiative projected by the Borrower in good faith to be realized as a result of actions taken, committed to be
taken or planned to be taken, in each case on or prior to the date that is 24 months after the end of the relevant Test Period (including actions initiated prior to the Closing Date) (which cost savings, operating expense reductions, other operating
improvements and synergies shall be added to Consolidated EBITDA until fully realized and calculated on a pro forma basis as though such cost savings, operating expense reductions, other operating improvements and synergies had been realized on the
first day of the relevant period), net of the amount of actual benefits realized from such actions; provided that (A) such cost savings, operating expense reductions, other operating improvements and synergies are reasonably
identifiable and quantifiable and (B) no cost savings, operating expense reductions, other operating improvements or synergies shall be added pursuant to this clause (b) to the extent duplicative of any expenses or charges relating to such
cost savings, operating expense reductions, other operating improvements or synergies that are included in clauses (a)(vi) and (a)(vii) above or in the definition of “Pro Forma Adjustment” (it being understood and agreed
that “run rate” shall mean the full recurring benefit that is associated with any action taken); less 
 (c)
without duplication and to the extent included in arriving at such Consolidated Net Income, the sum of the following amounts for such period: 

(i) extraordinary or non-recurring gains; 

(ii) non-cash gains (excluding any non-cash gain to the extent it represents the reversal of an accrual or reserve for a
potential cash item that reduced Consolidated Net Income or Consolidated EBITDA in any prior period); and 
 (iii) (A) gains
(including all fees and expenses or income relating thereto) attributable to business dispositions or asset dispositions, other than in the ordinary course of business, as determined in good faith by a Financial Officer and (B) gains or income
(including all reasonable fees and expenses or charges relating thereto) from abandoned, closed, disposed or discontinued operations and any gains on disposal of abandoned, closed or discontinued operations; 

(iv) any non-cash gain attributable to the mark to market movement in the valuation of any Equity Interests, and hedging
obligations or other derivative instruments (in each case, including pursuant to Financial Accounting Standards Codification No. 815—Derivatives and Hedging but only to the extent the cash impact resulting from such gain has not been
realized); 

  
 - 20 - 

 (v) any gain relating to amounts received in cash prior to the stated
settlement date of any hedging obligation that has been reflected in Consolidated Net Income in such period; 
 (vi) any loss
relating to hedging obligations associated with transactions realized in the current period that has been reflected in Consolidated Net Income in prior periods and excluded from Consolidated EBITDA pursuant to clauses (a)(xii) and (a)(xiii)
above; and 
 (vii) the amount of any non-controlling interest consisting of loss attributable to non-controlling
interests of third parties in any Non Wholly Owned Subsidiary added (and not deducted in such period) to Consolidated Net Income; plus 

(d) any income from investments recorded using the equity method of accounting or the cost method of accounting, without
duplication and to the extent not included in arriving at Consolidated Net Income, except to the extent such income was attributable to income that would be deducted pursuant to clause (c) if it were income of the Borrower or its Restricted
Subsidiaries; minus 
 (e) any losses from investments recorded using the equity method of accounting or the cost
method of accounting, without duplication and to the extent not deducted in arriving at Consolidated Net Income, except to the extent such loss was attributable to losses that would be added back pursuant to clause (a) and (b) above if it
were a loss of the Borrower or a Restricted Subsidiary; plus 
 (f) an amount, with respect to investments recorded
using the equity method of accounting or the cost method of accounting and without duplication of any amounts added pursuant to clause (d) above, equal to the amount attributable to each such investment that would be added to Consolidated
EBITDA pursuant to clauses (a) and (b) above if instead attributable to the Borrower or a Restricted Subsidiary, pro-rated according to the Borrower or the applicable Subsidiary’s percentage ownership in such investment; minus

 (g) an amount, with respect to investments recorded using the equity method of accounting or the cost method of accounting
and without duplication of any amounts deducted pursuant to clause (e) above, equal to the amount attributable to each such investment that would be deducted from Consolidated EBITDA pursuant to clause (c) above if instead attributable to
the Borrower or a Restricted Subsidiary, pro-rated according to the Borrower or the applicable Subsidiary’s percentage ownership in such investment; 

in each case, as determined on a consolidated basis for the Borrower and its Restricted Subsidiaries in accordance with GAAP; provided that: 

(I) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA currency
translation gains and losses related to currency remeasurements of assets or liabilities (including the net loss or gain resulting from hedging agreements for currency exchange risk and revaluations of intercompany balances); 

(II) there shall be included in determining Consolidated EBITDA for any period, without duplication, (A) to the extent not
included in Consolidated Net Income, the Acquired EBITDA of any Person, property, business or asset or attributable to any Person, property, business or asset acquired by the Borrower or any Restricted Subsidiary during such period (other than any
Unrestricted Subsidiary) to the extent not subsequently sold, transferred or otherwise disposed of (but not including the Acquired EBITDA of any related Person, property, business or assets to the extent not so acquired) (each such Person, property,
business or asset acquired, including pursuant to the Transactions or pursuant to a transaction consummated prior to the Closing Date, and not subsequently so disposed of, an “Acquired Entity or Business”), and the Acquired EBITDA
of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each, a “Converted Restricted Subsidiary”), in each case based on the Acquired EBITDA of such Pro Forma Entity for such period
(including the portion thereof occurring prior to such acquisition or conversion) determined on a historical Pro Forma Basis and (B) an adjustment in respect of each Pro Forma Entity equal 

  
 - 21 - 

 
to the amount of the Pro Forma Adjustment with respect to such Pro Forma Entity for such period (including the portion thereof occurring prior to such acquisition or conversion) as specified in
the Pro Forma Adjustment certificate delivered to the Administrative Agent (for further delivery to the Lenders); provided that, with respect to any determination to be made on a Pro Forma Basis, at the election of the Borrower, such Acquired
EBITDA or such adjustment shall not be required to be included for any Pro Forma Entity to the extent the aggregate consideration paid in connection with the acquisition of such Acquired Entity or Business or the fair market value of such Converted
Restricted Subsidiary, in the aggregate, is less than the greater of $150,000,000 and 15.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(III) there shall be (A) to the extent included in Consolidated Net Income, excluded in determining Consolidated EBITDA
for any period the Disposed EBITDA of any Person, property, business or asset (other than any Unrestricted Subsidiary) sold, transferred or otherwise disposed of, closed or classified as discontinued operations in accordance with GAAP (other than
(x) if so classified on the basis that it is being held for sale unless such sale has actually occurred during such period and (y) for periods prior to the applicable sale, transfer or other disposition, if the Disposed EBITDA of such
Person, property, business or asset is positive (i.e., if such Disposed EBITDA is negative, it shall be added back in determining Consolidated EBITDA for any period)) by the Borrower or any Restricted Subsidiary during such period (each such Person,
property, business or asset so sold, transferred or otherwise disposed of, closed or classified, a “Sold Entity or Business”), and the Disposed EBITDA of any Restricted Subsidiary that is converted into an Unrestricted Subsidiary
during such period (each, a “Converted Unrestricted Subsidiary”), in each case based on the Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period (including the portion thereof
occurring prior to such sale, transfer, disposition, closure, classification or conversion) determined on a historical Pro Forma Basis and (B) to the extent not included in Consolidated Net Income, included in determining Consolidated EBITDA
for any period in which a Sold Entity or Business is disposed, an adjustment equal to the Pro Forma Disposal Adjustment with respect to such Sold Entity or Business (including the portion thereof occurring prior to such disposal) as specified in the
Pro Forma Disposal Adjustment certificate delivered to the Administrative Agent (for further delivery to the Lenders); and 

(IV) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA any expense
(or income) as a result of adjustments recorded to contingent consideration liabilities relating to the Transaction or any Permitted Acquisition (or other Investment permitted hereunder). 

Notwithstanding the foregoing, Consolidated EBITDA shall be deemed to equal (a) $49,709,000 for the fiscal quarter ended March 31, 2015,
(b) $96,173,000 for the fiscal quarter ended December 31, 2014, (c) $125,683,000 for the fiscal quarter ended September 30, 2014 and (d) $120,146,000 for the fiscal quarter ended June 30, 2014 (it being understood that
such amounts are subject to adjustments, as and to the extent otherwise contemplated in this Agreement, in connection with any Pro Forma Adjustment or any calculation on a Pro Forma Basis); provided that such amounts of Consolidated EBITDA
for any such fiscal quarter shall be adjusted to include, without duplication, any cost savings that would otherwise be included pursuant to clause (b) of this definition. 

“Consolidated Net Income” means, for any period, the net income (loss) of the Borrower and its Restricted Subsidiaries
for such period determined on a consolidated basis in accordance with GAAP, excluding, without duplication, 
 (a)
extraordinary items for such period, 
 (b) the cumulative effect of a change in accounting principles during such period,

 (c) any Transaction Costs incurred during such period, 

  
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 (d) any fees and expenses (including any transaction or retention bonus or
similar payment) incurred during such period, or any amortization thereof for such period, in connection with any acquisition, non-recurring costs to acquire equipment to the extent not capitalized in accordance with GAAP, Investment,
recapitalization, asset disposition, non-competition agreement, issuance or repayment of debt, issuance of equity securities, refinancing transaction or amendment or other modification of or waiver or consent relating to any debt instrument (in each
case, including the Transaction Costs and any such transaction consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any
such transaction, in each case whether or not successful (including, for the avoidance of doubt, the effects of expensing all transaction-related expenses in accordance with FASB Accounting Standards Codification 805 and gains or losses associated
with FASB Accounting Standards Codification 460), 
 (e) any income (loss) (and all fees and expenses or charges
relating thereto) for such period attributable to the early extinguishment of Indebtedness, hedging agreements or other derivative instruments, 

(f) accruals and reserves that are established or adjusted as a result of the Transactions or any Permitted Acquisition or
other Investment not prohibited under this Agreement in accordance with GAAP (including any adjustment of estimated payouts on earn-outs) or changes as a result of the adoption or modification of accounting policies during such period, 

(g) stock-based award compensation expenses, 

(h) any income (loss) attributable to deferred compensation plans or trusts, 

(i) any income (loss) from Investments recorded using the equity method, 

(j) the amount of any expense required to be recorded as compensation expense related to contingent transaction consideration;

 (k) any unrealized or realized gain or loss due solely to fluctuations in currency values and the related tax effects,
determined in accordance with GAAP; and 
 (l) (i) the net income of any Person that is not a Subsidiary of such Person or is
an Unrestricted Subsidiary or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) to the
referent person or a subsidiary thereof in respect of such period and (ii) the net income shall include any ordinary course dividend distribution or other payment in cash received from any Person in excess of the amounts included in clause
(e) above. 
 There shall be included in Consolidated Net Income, without duplication, the amount of any cash tax benefits related to
the tax amortization of intangible assets in such period. There shall be excluded from Consolidated Net Income for any period the effects from applying acquisition method accounting, including applying acquisition method accounting to inventory,
property and equipment, loans and leases, software and other intangible assets and deferred revenue (including deferred costs related thereto and deferred rent) required or permitted by GAAP and related authoritative pronouncements (including the
effects of such adjustments pushed down to the Borrower and its Restricted Subsidiaries), as a result of the Transactions, any acquisition or Investment consummated prior to the Closing Date and any Permitted Acquisitions (or other Investment not
prohibited hereunder) or the amortization or write-off of any amounts thereof. 
 In addition, to the extent not already included in
Consolidated Net Income, Consolidated Net Income shall include the amount of proceeds received or due from business interruption insurance or reimbursement of expenses and charges that are covered by indemnification and other reimbursement
provisions in connection with any acquisition or other Investment or any disposition of any asset permitted hereunder. 

  
 - 23 - 

 “Consolidated Senior Secured First Lien Indebtedness” means, as of any date
of determination, Consolidated Total Indebtedness as of such date that is not subordinated in right of payment to the Secured Obligations (as defined in the Secured Notes Collateral Agreement) and that is secured by a Lien on the Pari Notes Debt
Collateral (as defined in the ABL/Bond Intercreditor Agreement) on an equal priority basis with Liens on the Collateral securing the Secured Obligations (as defined in the Secured Notes Collateral Agreement) (including, for the avoidance of doubt,
the Secured Obligations (as defined in the Secured Notes Collateral Agreement)). 
 “Consolidated Senior Secured
Indebtedness” means, as of any date of determination, Consolidated Total Indebtedness as of such date that is not subordinated in right of payment to the Secured Obligations (as defined in the Secured Notes Collateral Agreement) and is
secured by a Lien on the Collateral securing the Secured Obligations (as defined in the Secured Notes Collateral Agreement). 

“Consolidated Senior Secured First Lien Net Leverage Ratio” means, as of any date of determination, the ratio, on a Pro Forma
Basis, of (a) Consolidated Senior Secured First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period. 

“Consolidated Senior Secured Net Leverage Ratio” means, as of any date of determination, the ratio, on a Pro Forma Basis, of
(a) Consolidated Senior Secured Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period. 

“Consolidated Total Indebtedness” means, as of any date of determination, the aggregate amount of Indebtedness of the
Borrower and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of the acquisition method
accounting in connection with the Transactions or any Permitted Acquisition (or other Investment not prohibited hereunder)) consisting only of Indebtedness for borrowed money, drawn but unreimbursed obligations under letters of credit, obligations
in respect of Capitalized Leases and debt obligations evidenced by promissory notes or similar instruments, but excluding any obligations under or in respect of Qualified Securitization Facilities and excluding Indebtedness outstanding under this
Agreement that was used to finance seasonal working capital needs of the Borrower and its Subsidiaries (as reasonably determined by the Borrower in its reasonable discretion), minus the aggregate amount of cash and Permitted Investments
(in each case, free and clear of all liens, other than Liens permitted pursuant to Section 7.02), excluding cash and Permitted Investments that are listed as “restricted” on the consolidated balance sheet of the Borrower and its
Restricted Subsidiaries as of such date; it being understood that any such cash and Permitted Investments that is listed as “restricted” solely because it is subject to a Lien permitted pursuant to Section 7.02 shall be deemed
unrestricted for this purpose. 
 “Continue,” “Continuation” and “Continued” each refers
to a continuation of a Eurodollar Loan for an additional Interest Period as provided in Section 2.12. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies, or the dismissal or appointment of the management, of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Convert,” “Conversion” and “Converted” each refers to a conversion of Loans
of one Type into Loans of another Type. 
 “Converted Restricted Subsidiary” has the meaning set forth in the definition of
“Consolidated EBITDA.” 
 “Converted Unrestricted Subsidiary” has the meaning set forth in the definition of
“Consolidated EBITDA.” 
 “Corrective Extension Amendment” has the meaning provided in
Section 2.19(f). 

“Corresponding
 Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

  
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 “Cost” means the cost of purchase of Inventory determined according to the
accounting policies used in the preparation of the Borrower’s audited financial statements. 
 “Covered Jurisdiction”
means the United States (or any state or commonwealth thereof or the District of Columbia). 
 “Covered Party” has the
meaning provided in Section 11.33. 
 “Credit Event” means the making of any Borrowing (but excluding any
Conversion or Continuation), any LC Issuance or the increase in the Stated Amount of, a Letter of Credit. 
 “Credit
Facility” means the credit facility established under this Agreement pursuant to which (i) the Lenders shall make Revolving Loans to the Borrower, and shall participate in LC Issuances, under the Revolving Facility pursuant to the
Revolving Commitment of each such Lender, (ii) the Swing Line Lender shall make Swing Loans to the Borrower under the Swing Line Facility pursuant to the Swing Line Commitment, (iii) any Lender and/or Additional Lender shall make loans
and/or provide commitments under any Revolving Commitment Increase pursuant to Section 2.18, (iv) any Extending Lender shall make loans and/or provide commitments under any Extended Revolving Credit Facility in accordance with
Section 2.19, and (v) each LC Issuer shall issue Letters of Credit for the account of the LC Obligors in accordance with the terms of this Agreement. 

“Credit Facility Exposure” means, for any Lender at any time, the sum of (i) such Lender’s Revolving Facility
Exposure at such time and (ii) in the case of the Swing Line Lender, the principal amount of Swing Loans outstanding at such time. 

“Customary Intercreditor Agreement” means, (a) to the extent executed in connection with the incurrence, issuance or
other obtaining of secured Indebtedness, the Liens on the Collateral securing which are intended to rank equal or senior in priority (in the case of Pari Notes Debt Collateral (as such term is define in the ABL/Bond Intercreditor Agreement)) and
junior in priority (in the case of ABL Collateral) to the Liens on the Collateral securing the Obligations, at the option of the Borrower, either (i) an intercreditor agreement substantially in the form of the ABL/Bond Intercreditor Agreement
(with such modifications as may be necessary or appropriate in light of prevailing market conditions and reasonably acceptable to the Administrative Agent) or (ii) a customary intercreditor agreement in form and substance reasonably acceptable
to the Administrative Agent and the Borrower, which agreement shall provide, among other things, that the Liens on the Collateral securing such Indebtedness shall rank equal or senior, as the case may be, in priority (in the case of the Pari Notes
Debt Collateral) and junior in priority (in the case of the ABL Collateral) to the Liens on the Collateral securing the Obligations, and (b) to the extent executed in connection with the incurrence, issuance or other obtaining of secured
Indebtedness, the Liens on the Collateral securing which are intended to rank junior in priority to all Liens on Collateral securing the Obligations, at the option of the Borrower, a customary intercreditor agreement in form and substance reasonably
acceptable to the Administrative Agent and the Borrower, which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank junior in priority to all Liens on Collateral securing the Obligations. With regard to any
changes in light of prevailing market conditions as set forth above in clauses (a)(i) or with regard to clause (a)(ii) or (b), such changes or agreement, as applicable, shall be posted to the Lenders not less than five (5) Business Days before
execution thereof and, if the Required Lenders shall not have objected to such changes within three (3) Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s entry into such
intercreditor agreement (including with such changes) is reasonable and to have consented to such intercreditor agreement (including with such changes) and to the Administrative Agent’s execution thereof. 

“Daily
Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being
established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple
SOFR” for business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its
reasonable discretion. 

  
 - 25 - 

 “DDA” means any checking or other demand deposit account or securities
account maintained by the Loan Parties. 
 “Debtor Relief Laws” means the 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 in effect and affecting
the rights of creditors generally. 
 “Default” means any event or condition that constitutes an Event of Default or that
upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Default Rate” means, for
any day, (i) with respect to any Loan, a rate per annum equal to 2.00% per annum above the interest rate that is or would be applicable from time to time to such Loan pursuant to Section 2.11(a)(i) or
Section 2.11(b), as applicable and (ii) with respect to any other Obligation, a rate per annum equal to 2.00% per annum above the rate that would be applicable to Revolving Loans that are Base Rate Loans pursuant
to Section 2.11(a)(i). 
 “Defaulting Lender” means, subject to Section 2.17(b), any Lender that
(a) has failed to perform any of its funding obligations hereunder, including in respect of all or any portion of its Loans or participations in respect of Letters of Credit or Swing Loans, within two (2) Business Days of the date such
Loans were required to be funded hereunder, (b) has notified the Borrower, the Administrative Agent or any LC Issuer or Swing Line Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public
statement to that effect, (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the 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 the Borrower), or
(d) has, or has a direct or indirect parent company that has (i) become the subject of a proceeding under any Debtor Relief Law, or (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, or
(iii) become the subject of a Bail-in Action; 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 by the Administrative Agent that a Lender is a Defaulting Lender under any one or
more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice
of such determination to the Borrower, each LC Issuer, each Swing Line Lender and each Lender. 
 “Designated Hedge
Agreement” means any Hedge Agreement to which the Borrower or another Loan Party is a party and as to which a Lender, an Agent or any of their Affiliates (or any Person that was a Lender, an Agent or an Affiliate of a Lender or Agent at the
time such Hedge Agreement was entered into) is a counterparty that, pursuant to a Secured Hedge Designation Agreement signed by the Borrower and acknowledged by the Administrative Agent, has been designated as a Designated Hedge Agreement (it being
understood that failure by the Administrative Agent to acknowledge the Secured Hedge Designation Agreement does not invalidate the designation contained therein), which shall in any event include any Hedge Agreements between Truist Bank (as
successor by merger to SunTrust Bank) or any of its Affiliates and any Loan Party. 
 “Designated Hedge Creditor” means
each Person that participates as a counterparty to any Designated Hedge Agreement. 

  
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 “Designated Hedge Reserves” means a reserve with respect to Obligations in
respect of any Designated Hedge Agreement, up to the Designated Hedge Termination Value thereunder, as specified by the applicable Designated Hedge Creditor, and certified by the Borrower in a Borrowing Base Certificate delivered to Administrative
Agent pursuant to Section 6.01(i), which amount may be adjusted with respect to any existing Designated Hedge Agreement at any time by written notice from such Designated Hedge Creditor and the Borrower to the Administrative Agent (so
long as, with regard to any increase, an Overadvance would not result therefrom), as the same may be further adjusted by the Administrative Agent in the exercise of its Permitted Discretion. 

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

“Designated Jurisdiction” means any country or territory that is itself the target of a comprehensive Sanction (as of the
date of this Agreement, Cuba, the Crimea region of Ukraine, Syria, North Korea, and Iran). 
 “Designated Non-Cash
Consideration” means the fair market value of non-cash consideration received by the Borrower or a Subsidiary in connection with a Disposition pursuant to Section 7.05(k) that is designated as Designated Non-Cash Consideration
pursuant to a certificate of a Responsible Officer of the Borrower, setting forth the basis of such valuation (which amount will be reduced by the fair market value of the portion of the non-cash consideration converted to cash within 180 days
following the consummation of the applicable Disposition). 
 “Dilution Reserve” means an amount equal to the excess of
(i) the non-cash reductions to the Borrower’s Receivables (including, for purposes of clarity, Eligible Unbilled Receivables and Eligible Billings) (on a combined basis) during a 12-month period prior to the date of determination as
established by the Borrower’s records or by a field examination conducted by the Administrative Agent’s employees or representatives, expressed as a percentage of the Borrower’s average gross sales (on a combined basis) during the
same period over (ii) 5.00%, multiplied by an amount equal to Eligible Receivables as of the date of determination. 

“Dispose” and “Disposition” each has the meaning assigned to such term in Section 7.05. 

“Disposed EBITDA” means, with respect to any Sold Entity or Business or Converted Unrestricted Subsidiary for any period
through (but not after) the date of such disposition, the amount for such period of Consolidated EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary (determined as if references to the Borrower and its Restricted Subsidiaries
in the definition of the term “Consolidated EBITDA” (and in the component financial definitions used therein) were references to such Sold Entity or Business and its subsidiaries or to such Converted Unrestricted Subsidiary and its
subsidiaries), all as determined on a consolidated basis for such Sold Entity or Business or Converted Unrestricted Subsidiary. 

“Disqualified Equity Interest” means, with respect to any Person, any Equity Interest in such Person that by its terms (or by
the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition: 

(a) matures or is mandatorily redeemable (other than solely for Equity Interests in such Person that do not constitute
Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests), whether pursuant to a sinking fund obligation or otherwise; 

(b) is convertible or exchangeable, either mandatorily or at the option of the holder thereof, for Indebtedness or Equity
Interests (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests); or 

  
 - 27- 

 (c) is redeemable (other than solely for Equity Interests in such Person
that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests) or is required to be repurchased by such Person or any of its Affiliates, in whole or in part, at the option of the holder thereof;

 in each case, on or prior to the date ninety-one (91) days after the Latest Maturity Date; provided, however, that (i) an Equity
Interest in any Person that would not constitute a Disqualified Equity Interest but for terms thereof giving holders thereof the right to require such Person to redeem or purchase such Equity Interest upon the occurrence of an “asset sale”
or a “change of control” or similar event shall not constitute a Disqualified Equity Interest if any such requirement becomes operative only after the Termination Date and (ii) if an Equity Interest in any Person is issued pursuant to
any plan for the benefit of employees of the Borrower (or any direct or indirect parent thereof) or any of its subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute a Disqualified Equity Interest solely
because it may be required to be repurchased by the Borrower (or any direct or indirect parent company thereof) or any of its subsidiaries in order to satisfy applicable statutory or regulatory obligations of such Person. 

“Disqualified Lenders” means (i) those Persons identified by the Borrower to the Joint Lead Arrangers in writing prior
to April 13, 2015 as being “Disqualified Lenders,” (ii) those Persons who are competitors of the Borrower and its Subsidiaries (other than any bona fide diversified debt investment fund) identified by the Borrower to the
Administrative Agent from time to time in writing (including by email) which designation shall become effective two (2) days after delivery of each such written supplement to the Administrative Agent, but which shall not apply retroactively to
disqualify any persons that have previously acquired an assignment or participation interest in any Loan, (iii) in the case of each Person identified pursuant to clauses (i) and (ii) above, any of their Affiliates that
are either (x) identified in writing by the Borrower from time to time or (y), known or reasonably identifiable as Affiliates and (iv) any Affiliate of a Lead Arranger that is engaged as a principal primarily in private equity, mezzanine
financing or venture capital (other than such Affiliate engaged by the Borrower or its Affiliate as part of the Acquisition). Upon inquiry by any Lender to the Administrative Agent as to whether a specified potential assignee or prospective
participant is on the list of Disqualified Lender, the Administrative Agent shall be permitted to disclose to such Lender whether such specific potential assignee or prospective participant is on the list of Disqualified Lender. 

“Division” has the meaning provided in Section 1.07. 

“Document” has the meaning assigned to such term in Article 9 of the UCC. 

“Dollars,” “U.S. Dollars” and the sign “$” each means lawful money of the United States.

 “Domestic Subsidiary” means any Subsidiary that is organized under the law of the United States, any state thereof or
the District of Columbia. 
 “Early Opt-in Election” means, if the then-current Benchmark is the Adjusted Eurodollar Rate, the
occurrence of: 
  

	 	(1)	 (i) a determination by the Administrative Agent or (ii) a notification
by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to
that contained in Section 2.11(g)(ii)-(g)(v) are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate
to replace the Screen Rate, and 

(1) a
notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such
time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are
publicly available for review), and 

  
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(2) the
joint election by the Administrative Agent and the Borrower to trigger a fallback from the Adjusted Eurodollar Rate and the provision by the Administrative Agent of written notice of such election to the Lenders. 

(2) (i) the election by the Administrative Agent or (ii) the election by the
Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice
of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative
Agent. 
 “EEA Financial Institution” means (a) any
credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in
clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated
supervision with its parent; 
 “EEA Member Country” means any of the member states of the European Union, Iceland,
Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any person entrusted
with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Yield” means, as to any Indebtedness, the effective yield on such Indebtedness in the reasonable determination of
the Administrative Agent and the Borrower and consistent with generally accepted financial practices, taking into account the applicable interest rate margins, any interest rate floors (the effect of which floors shall be determined in a manner set
forth in the proviso below) or similar devices and all fees, including upfront or similar fees or original issue discount (amortized over the shorter of (a) the remaining Weighted Average Life to Maturity of such Indebtedness and (b) the
four years following the date of incurrence thereof) payable generally to lenders or other institutions providing such Indebtedness, but excluding any arrangement, syndication, commitment, prepayment, structuring, ticking or other similar fees
payable in connection therewith that are not generally shared with the relevant Lenders, and, if applicable, consent fees for an amendment paid generally to consenting Lenders; provided that with respect to any Indebtedness that includes a
“LIBOR floor” or “Base Rate floor,” (i) to the extent that the LIBO Rate or Alternate Base Rate (without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is being
calculated is less than such floor, the amount of such difference shall be deemed added to the interest rate margin for such Indebtedness for the purpose of calculating the Effective Yield and (ii) to the extent that the LIBO Rate or Alternate
Base Rate (without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is greater than such floor, then the floor shall be disregarded in calculating the Effective Yield. 

“Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund and (d) any
other Person (other than the Borrower or any of its Affiliates), other than, in each case, (i) a natural person, (ii) a Defaulting Lender or (iii) a Disqualified Lender. Notwithstanding the foregoing, each Loan Party and the Lenders
acknowledge and agree that the Administrative Agent shall have no liability with respect to any assignment made to a Disqualified Lender unless (i) (A) the Administrative Agent has acted with gross negligence, bad faith or willful
misconduct (in each case as determined by a court of competent jurisdiction in a final and non-appealable judgment) or (B) such assignment resulted from a material breach of the Loan Documents by the Administrative Agent (as determined by a
court of competent jurisdiction in a final and non-appealable judgment) and (ii) the Borrower has not consented to such assignment or is not deemed to have consented to such assignment to the extent required by Section 11.06(c). 

“Eligible Billings” means a Receivable created by a Loan Party, including any Receivable relating to any progress billing or
retainage invoice, that satisfies each of the criteria contained in the definition of Eligible Receivable other than clauses (i) or (m) of such definition; provided, that, in the case of a Receivable relating to a progress billing, such
Receivable also satisfies the following criteria as: (a) such Receivable is not unpaid more than thirty (30) days 

  
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after the date of the original invoice for them and (b) such Receivable either (i) arises from a short term contract (which for this purpose shall mean a contract which will be fully
performed by such Loan Party within sixty (60) days (or a longer number of days reasonably satisfactory to the Administrative Agent) of the first date on which performance by such Loan Party was commenced under such contract) or
(ii) arises from the final invoice with respect to a contract. 
 “Eligible Credit Card Receivables” means, as of any
date of determination, Accounts due to a Loan Party from VISA, MasterCard, American Express, Diners Club and DiscoverCard (or other major credit card processors reasonably acceptable to the Administrative Agent) as arise in the ordinary course of
business and which have been earned by performance, that, unless otherwise approved by the Administrative Agent in its Permitted Discretion unless such approval is objected to by the Required Lenders within five (5) Business Days of
notification thereof by the Administrative Agent (it being understood that the Required Lenders shall only be permitted to object to such approval to the extent it results in the inclusion of Accounts that would not have otherwise been included as
Eligible Credit Card Receivables pursuant to clauses (a) through (d) of this definition), meet all of the following requirements: 

(a) such Account has not been outstanding for more than five (5) Business Days from the date of sale or for such longer
period as may be approved by the Administrative Agent; 
 (b) a Loan Party has good, valid and marketable title to such
Receivable; 
 (c) such Receivable is not subject to any other Lien other than Liens permitted by Section 7.02 so long
as such Liens do not have priority over the Lien of the Administrative Agent and are junior to the Lien of the Administrative Agent; and 

(d) such Receivable is not disputed, or with respect to which no claim, counterclaim, offset or chargeback has been asserted,
by the related credit card processor (but only to the extent of such dispute, counterclaim, offset or chargeback) (it being the intent that chargebacks in the ordinary course by the credit card processors shall not be deemed to violate this clause).

 “Eligible In-Transit Inventory” means Inventory owned by a Loan Party that would meet the requirements included in the
definition of Eligible Inventory if it were not in transit from a foreign location to a location of such Loan Party within the United States. Without limiting the foregoing, no Inventory shall be Eligible In-Transit Inventory if it (a) is not
subject to a document of title showing the applicable Loan Party as consignee (except as otherwise agreed by the Administrative Agent) and as to which the Administrative Agent has control over the documents of title, to the extent applicable, which
evidence ownership of the subject Inventory (such as by the delivery of a customs broker agreement); (b) is not insured in accordance with the provisions of this Agreement and the other Loan Documents, including marine cargo insurance (if
applicable); (c) has not been identified to the applicable sales contract and title has passed to the applicable Loan Party; (d) is sold by a vendor that has a right to reclaim, divert shipment of, repossess, stop delivery, claim any
reservation of title or otherwise assert Lien rights against the Inventory, or with respect to whom any Loan Party is in default of any obligations; (e) is not subject to customary purchase orders and other sale documentation consistent with
such Loan Party’s ordinary course of dealing; (f) is shipped by a common carrier that is affiliated with the vendor; (g) is not being handled by a customs broker, freight-forwarder or other handler that has delivered a lien waiver
letter or agreement or (h) has not been paid for or is not covered by insurance in form, substance, an amount and by an insurer, satisfactory to the Administrative Agent in its Permitted Discretion. 

“Eligible Inventory” means (1) Eligible Letter of Credit Inventory and Eligible In-Transit Inventory and (2) items
of Inventory, in the case of clause (2) hereof, unless otherwise approved by the Administrative Agent in its Permitted Discretion, unless such approval is objected to by the Required Lenders within five (5) Business Days of
notification thereof by the Administrative Agent (it being understood that the Required Lenders shall only be permitted to object to such approval to the extent it results in the inclusion of Inventory that would not have otherwise been included as
Eligible Inventory pursuant to clauses (a) through (l) of this definition), in each case valued net of any applicable vendor rebates and/or intercompany profit otherwise included therein, except for Inventory: 

  
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 (a) that is damaged or unfit for sale; 

(b) that is not of a type held for sale by the Borrower or any Subsidiary Guarantor in the ordinary course of business as being
conducted by each such party; 
 (c) that is not (i) owned by a Loan Party or (ii) subject to a perfected Lien in
favor of the Administrative Agent or subject to any other Lien (other than Liens permitted by Section 7.02 so long as such Liens do not have priority over the Lien of the Administrative Agent and are junior to the Lien of the Administrative
Agent or are otherwise non-consensual Liens arising by operation of law for which no amount is due and owing); 
 (d) that
consists of work-in-progress, display items, samples or packing or shipping materials, packaging, manufacturing supplies or replacement or spare parts not considered for sale in the ordinary course of business; 

(e) that does not meet in all material respects all material standards applicable to such goods, their use or sale imposed by
any Governmental Authority having regulatory authority over such matters; 
 (f) that does not comply in all material
respects with the representations and warranties respecting Eligible Inventory in the Loan Documents; 
 (g) that is
slow-moving, obsolete or returned (except Inventory that is placed back into stock in the ordinary course of business) or repossessed or used goods taken in trade; 

(h) that is placed on consignment; 

(i) that is bill and hold Inventory; 

(j) that (other than any Eligible Letter of Credit Inventory and Eligible In-Transit Inventory) is (i) not located within
the United States at one of the Permitted Inventory Locations or (ii) is in transit within the United States from one Permitted Inventory Location to another Permitted Inventory Location for more than ten (10) consecutive Business Days;

 (k) that is located on premises leased by the Borrower or a Subsidiary Guarantor which is not in a Landlord Lien State,
unless either (i) the applicable lessor has delivered to the Administrative Agent a Collateral Access Agreement for such premises or (ii) an appropriate Rent Reserve for such premises has been established by the Administrative Agent or the
Administrative Agent has determined not to establish a Rent Reserve for such premises, in each case in its Permitted Discretion; provided, however, with respect to Inventory located on any given leased premises, such Inventory shall not be subject
to the requirements of the foregoing clauses (i) and (ii) if, and only for so long as, the amount of such Inventory that would be included in the Borrowing Base at such non-owned premises does not exceed $5,000,000; or 

(l) that is stored with a bailee, warehouseman, processor or similar Person in any state that is not a Landlord Lien State,
unless (i) if such Inventory that is subject to a warehouse receipt or negotiable Document, such warehouse receipt or negotiable Document is in the possession of the Administrative Agent, (ii) if such Inventory is located in any third
party warehouse or is in the possession of a bailee, such Inventory is evidenced by a Document, and (iii) either (A) the applicable bailee, warehouseman, processor or similar Person has delivered to the Administrative Agent a Collateral
Access Agreement with regard to such bailee, warehouseman, processor or similar Person and such other documentation as the Administrative Agent may reasonably require or (B) an appropriate Rent Reserve with regard to such bailee, warehouseman,
processor or similar Person has been established by the Administrative Agent or the Administrative Agent has determined not to establish a Rent Reserve with regard to such bailee, warehouseman, processor or similar Person, in each case in its
Permitted Discretion; provided, however, with respect to Inventory stored on any given premises, such Inventory shall not be subject to the requirements of the foregoing clause (iii) if, and only for so long as, the amount of such Inventory
that would be included in the Borrowing Base stored on such premises does not exceed $5,000,000. 

  
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 With respect to any Inventory that was acquired or originated by any Person acquired after
the Closing Date, the Administrative Agent shall use commercially reasonable efforts, at the expense of the Loan Parties, to complete diligence in respect of such Person and such Inventory, within a reasonable time following request of the Borrower.

 “Eligible Letter of Credit Inventory” means as of the date of determination thereof, without duplication of other
Eligible Inventory, Inventory, (a) the purchase of which is supported by a Commercial Letter of Credit having an expiry within one hundred twenty (120) days of such date of determination, which Commercial Letter of Credit provides for
documentary requirements to include a document of title showing the applicable Loan Party as consignee (except as otherwise agreed by the Administrative Agent) and as to which the Administrative Agent has control over the documents of title, to the
extent applicable, which evidence ownership of the subject Inventory (such as by the delivery of a customs broker agreement), and (b) which otherwise would meet the requirements included in the definition of Eligible Inventory. 

“Eligible Receivables” means Receivables payable in Dollars created and owned by any Loan Party in the ordinary course of
business, arising out of its sale, lease or rental of goods or rendition of services, that comply in all material respects with each of the representations and warranties respecting Eligible Receivables made in the Loan Documents and that are not
excluded as ineligible by virtue of one or more of the excluding criteria set forth below. In determining the amount to be included, Eligible Receivables shall be calculated net of customer deposits and unapplied cash. Eligible Receivables shall not
include the following, unless otherwise approved by the Administrative Agent in its Permitted Discretion, unless such approval is objected to by the Required Lenders within five (5) Business Days of notification thereof by the Administrative
Agent (it being understood that the Required Lenders shall only be permitted to object to such approval to the extent it results in the inclusion of Receivables that would not have otherwise been included as Eligible Receivables pursuant to clauses
(a) through (o) of this definition): 
 (a) any Receivable that is past due more than 60 days after its due date,
or later than 90 days after the invoice date; provided that in calculating delinquent portions of Receivables, credit balances which are unapplied for more than 60 days shall not reduce the past due portion of the Receivables balance; 

(b) any Receivable owing by an Account Debtor from which an aggregate amount of more than 50% of the Receivables owing
therefrom are excluded under the foregoing clause (a); 
 (c) any Receivable that arises out of any transaction with any Loan
Party, Excluded Subsidiary, or any Affiliate of any of the foregoing (other than a portfolio company of any of the Sponsors or their Affiliates); 

(d) any Receivable with respect to which the Account Debtor is a Person other than a Governmental Authority unless:
(i) the Account Debtor (A) is a natural person with a billing address in the United States or Canada, (B) maintains its chief executive office in the United States or Canada, or (C) is organized under the laws of the United
States, or any state or subdivision thereof or Canada or any province, territory or subdivision thereof or (ii)(A) the Receivable is supported by an irrevocable letter of credit that has been confirmed by a financial institution reasonably
acceptable to the Administrative Agent on terms reasonably acceptable to the Administrative Agent, payable in the full face amount of the face value of the Receivable in Dollars at a place of payment located within the United States and has been
duly assigned to the Administrative Agent or (B) the Receivable is covered by credit insurance in form, substance, and amount, and by an insurer, satisfactory to the Administrative Agent in its Permitted Discretion; 

(e) any Receivable with respect to which the Account Debtor is the government of any country or sovereign state other than the
United States or Canada, or of any state, province, municipality or other political subdivision thereof, unless (i) the Receivable is supported by an irrevocable letter of credit satisfactory to the Administrative Agent in its Permitted
Discretion (as to form, substance, and issuer or domestic confirming bank) that has been delivered to the Administrative Agent and is directly drawable by the Administrative Agent at a bank located in the United States or (ii) is the Receivable
is covered by Receivable is covered by credit insurance in form, substance, and amount, and by an insurer, satisfactory to the Administrative Agent in its Permitted Discretion; 

  
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 (f) any Receivable with respect to which the Account Debtor is the federal
government of the United States or any department, agency or instrumentality thereof unless the applicable Loan Party has assigned its right to payments of such Receivable so as to comply with the Assignment of Claims Act of 1940, as amended from
time to time; 
 (g) (i) any Receivable with respect to which the Account Debtor is a creditor of any Loan Party, has or has
asserted a right of setoff, or has disputed its obligation to pay all or any portion of such Accounts to the extent of such claim, right of setoff, or dispute, (ii) any Receivable that is subject to a rebate that has been earned but not taken
or a chargeback, to the extent of such rebate or chargeback, and (iii) any Receivable that comprises only service charges or finance charges; 

(h) any Receivable that is owed by an Account Debtor that is insolvent, is subject to a proceeding related thereto, has gone
out of business, or as to which a Loan Party has received notice of an imminent proceeding related to such Account Debtor being or alleged to be insolvent or which proceeding is reasonably likely to result in a material impairment of the financial
condition of such Account Debtor; 
 (i) any Receivable to the extent that (i) the goods that gave rise to such
Receivable were shipped to the Account Debtor on a bill and hold sale basis, a consignment sale basis, a guaranteed sale basis, or a sale or return basis or on the basis of any other similar understanding other than an absolute sale basis, or such
goods have been returned or rejected or (ii) the services that gave rise to such Receivable have not been performed and billed to the Account Debtor; 

(j) any Receivable that is owing by an Account Debtor whose then-existing Receivables owing to the Loan Party, based on the
most recent Borrowing Base Certificate, exceed 15% of the net amount of all Eligible Receivables, but such Receivable shall be ineligible only to the extent of such excess; provided, however, that the amount of Eligible Receivables that are excluded
because they exceed the foregoing percentage shall be determined by the Administrative Agent based on all of the otherwise Eligible Receivables prior to giving effect to any eliminations based upon the foregoing concentration limit; 

(k) any Receivable is evidenced by Chattel Paper or an Instrument of any kind, other than Chattel Paper or Instruments in which
the Administrative Agent have been granted a security interest pursuant to the Security Agreement; 
 (l) any Receivable that
is not subject to a perfected Lien in favor of the Administrative Agent (subject only to Liens permitted by Section 7.02 so long as such Liens do not have priority over the Lien of the Administrative Agent and are junior to the Lien of the
Administrative Agent or are otherwise non-consensual Liens arising by operation of law for which no amount is due and owing); 

(m) any Receivable that consists of retainage invoices, progress billings or other advance billings (such that the obligation
of the account debtors with respect to such Receivable is conditioned upon such Loan Party’s satisfactory completion of any further performance under the agreement giving rise thereto); 

(n) any Receivable that is located in a state requiring the filing of a notice of business activities report or similar report
in order to permit a Loan Party to seek judicial enforcement in such state of payment of such Receivable, unless such Loan Party has qualified to do business in such state or has filed a notice of business activities report or equivalent report for
the then-current year or if such failure to file and inability to seek judicial enforcement is capable of being remedied without any material delay or material cost; or 

(o) any Receivable that is subject to a surety bond which is not backed up by a Letter of Credit (or similar financing
arrangement reasonably satisfactory to the Administrative Agent) within 120 days following the Closing Date. 

  
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 “Eligible Unbilled Receivables” means a Receivable created by a Loan Party
that satisfy each of the criteria contained in the definition of Eligible Receivables other than clause (m) of such definition; provided, that, such Receivable shall have been billed and invoiced to the applicable Account Debtor within thirty
(30) days after the date on which the sale of goods or the rendition of services giving rise to such Receivable occurred. 

“Environmental Laws” means all applicable Requirements of Law relating to the protection of the environment, to preservation
or reclamation of natural resources, to Release or threatened Release of any Hazardous Material or, to the extent relating to exposure to Hazardous Materials, to health or safety matters. 

“Environmental Liability” means any liability, obligation, loss, claim, action, order or cost, contingent or otherwise
(including any liability for damages, costs of medical monitoring, costs of environmental remediation or restoration, administrative oversight costs, consultants’ fees, fines, penalties and indemnities) resulting from or based upon (a) any
actual or alleged violation of any Environmental Law or permit, license or approval issued thereunder, (b) the generation, use, handling, transportation, storage, or treatment of any Hazardous Materials, (c) exposure to any Hazardous
Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement to the extent liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company,
beneficial interests in a trust or other equity ownership interests in a Person. 
 “Equity Issuance” means the issuance of
equity by the Borrower in the form of common equity or “qualified preferred” equity reasonably acceptable to the Joint Lead Arrangers having a gross aggregate amount not less than $100,000,000. 

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

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with any Loan Party, is treated as
a single employer under Section 414(b) or 414(c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 

“ERISA Event” means (a) any “reportable event,” as defined in Section 4043(c) of ERISA or the regulations
issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) any failure by any Plan to satisfy the minimum funding standard (within the meaning of
Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, in each case whether or not waived; (c) 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 Plan; (d) a determination that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code);
(e) the incurrence by a Loan Party or any ERISA Affiliate of any liability under Title IV of ERISA (other than premiums due and not delinquent under Section 4007 of ERISA) with respect to the termination of any Plan or by application
of Section 4069 of ERISA with respect to any terminated plan; (f) the receipt by a Loan Party or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint
a trustee to administer any Plan, or to an intention to terminate or to appoint a trustee to administer any plan or plans in respect of which such Loan Party or ERISA Affiliate would be deemed to be an employer under Section 4069 of ERISA;
(g) the incurrence by a Loan Party or any ERISA Affiliate of any liability with respect to the withdrawal or partial withdrawal from any Multiemployer Plan; (h) the receipt by a Loan Party or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from a Loan Party or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability, or the failure of a Loan Party or any ERISA Affiliate to pay when due, after the expiration of any
applicable grace period, any installment payment with respect to any Withdrawal Liability; or (i) the withdrawal of a Loan Party or any ERISA Affiliate from a Plan subject to Section 4063 of ERISA during a plan year in which such entity
was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA. 

“Erroneous
 Payment” has the meaning assigned to it in Section 9.20(a). 

  
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“Erroneous
 Payment Deficiency Assignment” has the meaning assigned to it in Section 9.20(d). 

“Erroneous
 Payment Impacted Class” has the meaning assigned to it in Section 9.20(d). 

“Erroneous
 Payment Return Deficiency” has the meaning assigned to it in Section 9.20(d). 

“Erroneous
 Payment Subrogation Rights” has the meaning assigned to it in Section 9.20(d). 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any
successor person), as in effect from time to time. 
 “Eurodollar Loan” means each Loan bearing interest at a rate based
upon the Adjusted Eurodollar Rate. 
 “Event of Default” has the meaning provided in Section 8.01. 

“Excess Availability” means, at any time, an amount equal to (a) the Maximum Borrowing Amount at such time, minus
(b) the Aggregate Credit Facility Exposure. 
 “Exchange Act” means the United States Securities Exchange Act of 1934,
as amended from time to time. 
 “Excluded Accounts” has the meaning provided in Section 2.21(d). 

“Excluded Affiliates” means (a) Affiliates of the Joint Lead Arrangers that are engaged as principals primarily in
private equity, mezzanine financing or venture capital and (b) employees of the Joint Lead Arrangers engaged directly or indirectly in the sale of the Acquired Company as representatives of the Acquired Company (other than, in each case, such
Persons engaged by the Borrower or its Affiliates as part of the Transactions and such senior employees who are required, in accordance with industry regulations or such Joint Lead Arranger’s (or its Affiliate’s) internal policies and
procedures, to act in a supervisory capacity and such Joint Lead Arranger’s internal legal, compliance, risk management, credit or investment committee members). 

“Excluded Assets” has the meaning assigned to such term in the Collateral Agreement. 

“Excluded Real Property” means (a) any fee-owned real property with a purchase price (in the case of real property
acquired after the Closing Date) or Fair Market Value (in the case of real property owned as of the Closing Date, with Fair Market Value determined as of the Closing Date) of less than the Threshold Amount individually, (b) any real property
that is subject to a Lien permitted by Sections 7.02(d), (v), (w), (bb) or (dd), (c) any real property with respect to which, in the reasonable judgment of the Administrative Agent (confirmed by notice to the
Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real
property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than
any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent
such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture
governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold 

“Excluded Subsidiary” has the meaning assigned to such term in the ABL Guarantee Agreement. 

  
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 “Excluded Swap Obligation” means, with respect to any Guarantor at any
time, any Swap Obligation under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act, 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 to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading
Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant,” as defined in the Commodity Exchange Act (determined
after giving effect to any “Keepwell”, support or other agreement for the benefit of such Guarantor, at the time such guarantee or grant of a security interest becomes effective with respect to such related Swap Obligation). If a Swap
Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps that are or would be rendered illegal due to such guarantee or security
interest. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any LC Issuer or any other
recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder or under any other Loan Document, (a) Taxes imposed on (or measured by) such recipient’s net income (however denominated) and franchise
Taxes imposed on it (in lieu of net income Taxes) by a jurisdiction (i) as a result of such recipient being organized or having its principal office or, in the case of any Lender, its applicable lending office in such jurisdiction, or
(ii) as a result of any other present or former connection between such recipient and the jurisdiction imposing such Tax (other than a connection arising solely from such recipient (x) having executed, delivered, become a party to,
performed its obligations or received payments under, received or perfected a security interest under or enforced any Loan Documents or engaged in any other transaction pursuant to this Agreement or (y) with respect to any Taxes imposed as a
result of any Loan Party’s connection with the taxing jurisdiction, having sold or assigned an interest in any Loan Documents), (b) any branch profits tax imposed under Section 884(a) of the Code, or any similar Tax, imposed by any
jurisdiction described in clause (a) above, (c) any U.S. federal withholding Tax imposed pursuant to FATCA, (d) any withholding Tax that is attributable to a Lender’s failure to comply with Section 3.02(e) and
(e) except in the case of an assignee pursuant to a request by the Borrower under Section 3.03 hereto, any U.S. federal withholding Taxes imposed on amounts payable to a Lender pursuant to a Requirement of Law in effect at the time
such Lender becomes a party hereto (or designates a new lending office), except to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the time of designation of a new lending office (or assignment), to receive
additional amounts with respect to such withholding Tax under Section 3.02(a). 
 “Existing Indenture” means
that certain Indenture dated as of May 29, 2013 among the Borrower, Wilmington Trust, National Association as Trustee (as defined therein) and the Guarantors (as defined therein) party thereto. 

“Existing Cash Management Services” means those Cash Management Services provided by Wells Fargo and Bank of America (or
their respective designated Affiliates) described in Schedule 9.19. 
 “Existing Credit Agreement” has the meaning
provided in the Preliminary Statements. 
 “Existing Letters of Credit” means those Letters of Credit described on
Schedule 2.05. 
 “Existing Revolving Commitment Class” has the meaning provided in Section 2.19(a).

 “Expiring Credit Commitment” has the meaning provided in Section 2.04(e). 

“Extended Revolving Credit Commitments” has the meaning provided in Section 2.19(a). 

“Extended Revolving Credit Exposure” means, with respect to any Lender at any time, the aggregate principal amount at such
time of all outstanding Extended Revolving Credit Loans of such Lender. 
 “Extended Revolving Credit Facility” means any
revolving credit facility established pursuant to Section 2.19. 
 “Extended Revolving Credit Loans” means the
loans made pursuant to the Extended Revolving Credit Commitments. 

  
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 “Extending Lender” means each Lender that agrees to any Extension
Amendment. 
 “Extension” has the meaning provided in Section 2.19(a). 

“Extension Amendment” has the meaning provided in Section 2.19(a). 

“Extension Date” has the meaning provided in Section 2.19(b). 

“Extension Notice” has the meaning provided in Section 2.19(a). 

“Extension Offer” has the meaning provided in Section 2.19(a). 

“Extension Series” means all Extended Revolving Credit Commitments that are established pursuant to the same Extension
Amendment (or any subsequent Extension Amendment to the extent such Extension Amendment expressly provides that the Extended Revolving Credit Commitments, as applicable, provided for therein are intended to be a part of any previously established
Extension Series) and that provide for the same interest margins, extension fees, if any, and amortization schedule. 
 “Fair Market
Value” or “fair market value” means, with respect to any asset or group of assets on any date of determination, the value of the consideration obtainable in a sale of such asset at such date of determination assuming a sale
by a willing seller to a willing purchaser dealing at arm’s length and arranged in an orderly manner over a reasonable period of time taking into account the nature and characteristics of such asset, as reasonably determined by the Borrower in
good faith (which determination shall be conclusive). 
 “FATCA” means Sections 1471 through 1474 of the Code as of the
date of this Agreement (or any amended or successor version that is substantively comparable thereto), any current or future Treasury regulations thereunder or other official administrative interpretations thereof, any agreements entered into
pursuant to current Section 1471(b)(1) of the Code as of the date of this Agreement (or any amended or successor version described above) and any intergovernmental agreements implementing the foregoing. 

“Federal Funds Effective Rate” means, for any
period, a fluctuating
interestday, the rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal
to, for each day during such period, the weighted average of the rates on overnight Federal funds
transactions with
members
banks of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal
Reserve Bank of New
York, on the
next succeeding Business Day or, if such rate is not so published for any day which is a Business Day, the Federal Funds Rate for such day shall be the average
of(rounded
upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing
selected by
itthe
Administrative Agent. For purposes of this Agreement the Federal Funds Rate shall not be less than zero percent (0%). 

“Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at
http://www.newyorkfed.org, or any successor source. 
 “Fee Letter” means the fee letter among the Borrower, the Joint Lead
Arrangers and the Lenders party thereto, dated as of April 13, 2015. 
 “Fees” means all amounts payable pursuant to,
or referred to in, Section 2.13. 
 “Financial Officer” means the chief financial officer, principal accounting
officer, treasurer or corporate controller of the Borrower. 
 “Financing Transactions” means (a) the execution,
delivery and performance by each Loan Party of the Loan Documents to which it is to be a party and (b) the initial borrowing of Loans hereunder and the use of the proceeds thereof. 

  
 - 37 - 

 “FIRREA” means the Financial Institutions Reform, Recovery and Enforcement
Act of 1989, as amended. 
 “Fixed Amounts” has the meaning provided in Section 1.07(b). 

“Fixed Charge Coverage Ratio” means, at any date of determination, the ratio of: 

(a) (i) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recent Test Period ended on or prior
to such date of determination plus (ii) only for purposes of the calculation of the Fixed Charge Coverage Ratio under, and as provided in, Section 7.12, any applicable Specified Equity Contribution minus
(iii) taxes based on income, profits or capital, including federal, foreign, state, franchise, excise and similar taxes (including in respect of repatriated funds) of the Borrower and its Restricted Subsidiaries paid in cash during such Test
Period, plus (iv) cash tax refunds of the Borrower and its Restricted Subsidiaries received during such Test Period minus (v) Capital Expenditures by the Borrower and its Restricted Subsidiaries during such Test Period, to

 (b) Fixed Charges payable by the Borrower and its Restricted Subsidiaries in cash during such Test Period; provided
that for any Test Period ending prior to the first anniversary of the end of the first full fiscal quarter occurring after Closing Date, Fixed Charges shall be calculated on an annualized basis starting with the period commencing on the Closing Date
through the date of determination and after giving Pro Forma Effect to the Transactions. 
 “Fixed Charges” means, with
reference to any period, without duplication, the sum of (a) Consolidated Cash Interest Expense, plus (b) the aggregate amount of scheduled principal payments in respect of Total Funded Debt of the Borrower and its Restricted
Subsidiaries required to be made, plus, (c) the aggregate amount of Restricted Payments made pursuant to Section 7.07(a)(xv), as such amounts are adjusted from time to time, during such period (other than payments made by the
Borrower or any Restricted Subsidiary to the Borrower or a Restricted Subsidiary), all calculated for such period for the Borrower and its Restricted Subsidiaries on a consolidated basis. 

“Flood Certificate” means a “Standard Flood Hazard Determination Form” of the Federal Emergency Management Agency
and any successor Governmental Authority performing a similar function. 
 “Flood Hazard Property” means any Mortgaged
Property located in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards. 

“Flood Insurance Laws” means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect
or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any
successor statute thereto, (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (v) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any
successor statute thereto. 
 “Flood Program” means the National Flood Insurance Program created by the U.S. Congress
pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, the National Flood Insurance Reform Act of 1994 and the Flood Insurance Reform Act of 2004, in each case as amended from time to time, and any successor
statutes. 

“Floor”
 means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Eurodollar Rate. 
 “Foreign Subsidiary” means any Subsidiary that is organized under the laws
of a jurisdiction other than the United States, any state thereof or the District of Columbia. 

  
 - 38 - 

 “Fronting Exposure” means, at any time there is a Defaulting Lender,
(a) with respect to any LC Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding LC Outstandings with respect to Letters of Credit issued by such LC Issuer other than LC Outstandings as to which such Defaulting
Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to any Swing Line Lender, such Defaulting Lender’s Applicable Percentage of
outstanding Swing Loans made by such Swing Line Lender other than Swing Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders. 

“GAAP” means generally accepted accounting principles in the United States of America, as in effect from time to time;
provided, however, that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the
application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given
before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been
withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, (a) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios
referred to herein shall be made, without giving effect to any election under FASB Accounting Standards Codification 825-Financial Instruments, or any successor thereto (including pursuant to the FASB Accounting Standards Codification), to value any
Indebtedness of any subsidiary at “fair value,” as defined therein and (b) the amount of any Indebtedness under GAAP with respect to Capitalized Lease Obligations shall be determined in accordance with the definition of
“Capitalized Lease Obligations.” 
 “Governmental Approvals” means all authorizations, consents, approvals,
permits, licenses and exemptions of, registrations and filings with, and reports to, Governmental Authorities. 
 “Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether federal, state, provincial, territorial, local or otherwise, and any agency, authority, instrumentality,
regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra national bodies such as the European Union
or the European Central Bank). 
 “Granting Lender” has the meaning provided in Section 11.06(f). 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct
or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or
lease property, securities or services for the purpose of assuring the owner of such Indebtedness of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary
obligor so as to enable the primary obligor to pay such Indebtedness or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness; provided that the term Guarantee shall not
include endorsements for collection or deposit in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted
under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect
of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined in good faith by a Financial Officer. The term “Guarantee” as a verb has a
corresponding meaning. 
 “Guarantors” means, collectively, the Borrower and the Subsidiary Loan Parties. 

  
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 “Guaranty” means the ABL Guarantee Agreement and any supplement thereto
among the Guarantors, the Administrative Agent and the Collateral Agent dated the Closing Date, substantially in the form attached hereto as Exhibit B. 

“Hazardous Materials” means all explosive, radioactive, hazardous or toxic substances, wastes or other pollutants, including
petroleum or petroleum by-products or distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other dangerous or deleterious substances, wastes, chemicals, pollutants, or
contaminants of any nature and in any form regulated pursuant to any Environmental Law. 
 “Hedge Agreement” means
(i) any interest rate swap agreement, any interest rate cap agreement, any interest rate collar agreement or any other interest rate management agreement or arrangement, including any master agreement relating to the foregoing that is a
Designated Hedge Agreement (ii) any currency swap or option agreement, foreign exchange contract, forward currency purchase agreement or other currency management agreement or arrangement (iii) any Commodities Hedge Agreement and
(iv) and other agreements entered into by the Borrower or any Subsidiary in the ordinary course of business (and not for speculative purposes) for the principal purpose of protecting the Borrower or any of the Subsidiaries against fluctuations
in interest rates, currency exchange rates or commodity prices. 
 “Immaterial Subsidiary” means any Subsidiary that is not
a Material Subsidiary. 
 “Incremental Revolving Facility” shall have the meaning provided in Section 2.18(a).

 “Incremental Revolving Facility Lender” shall have the meaning provided in Section 2.18(c). 

“Incremental Revolving Credit Assumption Agreement” means an Incremental Revolving Credit Assumption Agreement in form and
substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Revolving Credit Lenders. 

“Incremental Revolving Credit Exposure” means, with respect to any Lender at any time, the aggregate principal amount at such
time of all outstanding Incremental Revolving Loans and/or Incremental Revolving Loans, as applicable, of such Lender. 

“Incremental Revolving Credit Lender” means a Lender (including, for the avoidance of doubt, any Additional Lender) with
Commitment pursuant to a Revolving Commitment Increase or an outstanding Incremental Revolving Loan or Incremental Revolving Loan, as applicable. 

“Incremental Revolving Loans” means Revolving Loans made by one or more Incremental Revolving Credit Lenders to the Borrower
pursuant to Section 2.02 and each such Lender’s Revolving Commitment Increase. Incremental Revolving Loans shall be made in the form of additional Revolving Loans. 

“Incurrence Based Amounts” has the meaning provided in Section 1.06(b). 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money,
(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person,
(d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (x) trade accounts payable in the ordinary course of business, (y) any earn-out obligation until after 30 days of becoming
due and payable, has not been paid and such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (z) taxes and other accrued expenses), (e) all Indebtedness of others secured by (or for which the
holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such
Person of Indebtedness of others, (g) all Capitalized Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit

  
 - 40 - 

 
and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; provided that the term “Indebtedness” shall
not include (i) deferred or prepaid revenue, (ii) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty, indemnity or other unperformed obligations of the seller, (iii) any obligations
attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto, (iv) Indebtedness of any Person that is a direct or indirect parent of the Borrower
appearing on the balance sheet of the Borrower, or solely by reason of push down accounting under GAAP, (v) for the avoidance of doubt, any Qualified Equity Interests issued by the Borrower, (vi) obligations in respect of any residual
value guarantees on equipment leases, (vii) any earn-out, take-or-pay or similar obligation to the extent such obligation is not shown as a liability on the balance sheet of such Person in accordance with GAAP and is not paid after becoming due
and payable and (viii) asset retirement obligations and obligations in respect of reclamation and workers’ compensation (including pensions and retiree medical care). The Indebtedness of any Person 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 provide that such Person is not liable therefor. The amount of Indebtedness of any Person for purposes of clause (e) above shall (unless such Indebtedness has been assumed by such Person) be deemed to be equal
to the lesser of (A) the aggregate unpaid amount of such Indebtedness and (B) the fair market value of the property encumbered thereby as determined by such Person in good faith. For all purposes hereof, the Indebtedness of the Borrower
and its Restricted Subsidiaries shall exclude intercompany liabilities arising from their cash management, tax, and accounting operations and intercompany loans, advances or Indebtedness having a term not exceeding 364 days (inclusive of any
rollover or extensions of terms). 
 “Indemnified Taxes” means all Taxes, other than Excluded Taxes and Other Taxes. 

“Indemnitees” has the meaning provided in Section 11.02. 

“Information Memorandum” has the meaning assigned to such term in the Term Credit Agreement. 

“Initial Revolving Commitment” means, with respect to each Lender, the amount set forth opposite such Lender’s name in
Schedule 1 hereto as its “Revolving Commitment” or in the case of any Lender that becomes a party hereto pursuant to an Assignment Agreement, the amount set forth in such Assignment Agreement, as such commitment may be reduced from
time to time pursuant to Section 2.14(c) or adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 11.06. For the avoidance of doubt, “Initial Revolving Commitment” shall
also include any Extended Revolving Credit Commitment representing an extension of any Class or tranche of Initial Revolving Commitments. The aggregate Initial Revolving Commitments of all Revolving Lenders shall be $1,400,000,000 on the Amendment
No. 
34 Effective Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement. 

“Initial Revolving Facility” means the Revolving Facility represented by the Initial Revolving Commitment. 

“Initial Revolving Loan” means a Revolving Loan made pursuant to the Initial Revolving Commitment. 

“Insignificant Subsidiary” means, at any time, any Subsidiary of the Borrower that is not a “significant
subsidiary” within the meaning of Rule 405 of the Securities Act of 1933, as amended, in each case determined as of the most recently ended Test Period as of such time. 

“Instrument” has the meaning provided in the UCC. 

“Intellectual Property” has the meaning provided in the Collateral Agreement. 

“Intercompany Note” means a promissory note substantially in the form of Exhibit F. 

“Intercreditor Agreements” means the ABL/Bond Intercreditor Agreement and any Customary Intercreditor Agreement,
collectively, in each case to the extent in effect. 

  
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 “Interest Coverage Ratio” means, with respect to any Test Period, the ratio
of (x) Consolidated EBITDA for such Test Period to (y) Consolidated Cash Interest Expense for such Test Period. 

“Interest Period” means, with respect to each Eurodollar Loan, a period of one, two,
three, or
 six and to the extent agreed to by each relevant Lender, 12, months as selected by the applicable
Borrowermonths; provided, however,
that (i) the initial Interest Period for any Borrowing of such Eurodollar Loan shall commence on the date of such Borrowing (the date of a Borrowing resulting from a Conversion or Continuation shall be the date of such Conversion or
Continuation) and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period begins on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of such calendar month; (iii) if any Interest Period would otherwise expire on a day that is not a
Business Day, such Interest Period shall expire on the next succeeding Business Day; provided, however, that if any Interest Period would otherwise expire on a day that is not a Business Day but is a day of the month after which no
further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; and (iv) if, upon the expiration of any Interest Period, the applicable Borrower has failed to (or may not) elect a new Interest
Period to be applicable to the respective Borrowing of Eurodollar Loans as provided above, the applicable Borrower shall be deemed to have elected to Convert such Borrowing to Base Rate Loans effective as of the expiration date of such current
Interest Period. 
 “Inventory” has the meaning specified in the Collateral Agreement. 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of
(a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any
other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person (excluding, in the case of the Borrower and its Restricted Subsidiaries (i) intercompany advances
arising from their cash management, tax, and accounting operations and (ii) intercompany loans, advances, or Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course
of business) or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business
or division of such Person. The amount, as of any date of determination, of (a) any Investment in the form of a loan or an advance shall be the principal amount thereof outstanding on such date, minus any cash payments actually received
by such investor representing interest in respect of such Investment (to the extent any such payment to be deducted does not exceed the remaining principal amount of such Investment and without duplication of amounts increasing the Available Equity
Amount), but without any adjustment for write-downs or write-offs (including as a result of forgiveness of any portion thereof) with respect to such loan or advance after the date thereof, (b) any Investment in the form of a Guarantee shall be
equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof, as
determined in good faith by a Financial Officer, (c) any Investment in the form of a transfer of Equity Interests or other non-cash property by the investor to the investee, including any such transfer in the form of a capital contribution,
shall be the fair market value (as determined in good faith by a Financial Officer) of such Equity Interests or other property as of the time of the transfer, minus any payments actually received by such investor representing a return of
capital of, or dividends or other distributions in respect of, such Investment (to the extent such payments do not exceed, in the aggregate, the original amount of such Investment and without duplication of amounts increasing the Available Equity
Amount), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment after the date of such Investment, and (d) any Investment (other than any Investment
referred to in clause (a), (b) or (c) above) by the specified Person in the form of a purchase or other acquisition for value of any Equity Interests, evidences of Indebtedness or other securities of any other Person
shall be the original cost of such Investment (including any Indebtedness assumed in connection therewith), plus (i) the cost of all additions thereto and minus (ii) the amount of any portion of such Investment that has been
repaid to the investor in cash as a repayment of principal or a return of capital, and of any cash payments actually received by such investor representing interest, dividends or other distributions in respect of such Investment (to the extent the
amounts referred to in clause (ii) do not, in the aggregate, exceed the original cost of such Investment plus the costs of additions thereto and without duplication of amounts increasing the Available Equity Amount), but without any other
adjustment for increases or 

  
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decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment after the date of such Investment. For purposes of Section 7.04, if an Investment
involves the acquisition of more than one Person, the amount of such Investment shall be allocated among the acquired Persons in accordance with GAAP; provided that pending the final determination of the amounts to be so allocated in
accordance with GAAP, such allocation shall be as reasonably determined by a Financial Officer. 
 “Investor” means Warburg
Pincus LLC and JLL Partners, Inc. and any funds, partnerships or other investment vehicles managed or directly or indirectly controlled by either of them, but not including, however, any portfolio companies of the foregoing. 

“ISDA
Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate
derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto. 

“Joint Lead Arrangers” means SunTrust Robinson Humphrey, Inc., Citigroup Global Markets, Inc., Credit Suisse AG,
Deutsche Bank Securities Inc. and KeyBanc Capital Markets Inc. and any of their permitted successors and assigns. 
 “Junior
Financing” means (a) any Indebtedness (other than (i) any permitted intercompany Indebtedness owing to the Borrower or any Restricted Subsidiary or any Permitted Unsecured Refinancing Debt (as defined in the Term Credit Agreement
as in effect on the Closing Date) or (ii) any other Indebtedness in an aggregate principal amount not exceeding the greater of $335,000,000 and 33.5% of Consolidated EBITDA for the most recently ended Test Period as of such time) that is
subordinated in right of payment to the Obligations, and (b) any Permitted Refinancing in respect of the foregoing. 

“Landlord Lien State” means Washington, Virginia, Pennsylvania and any other state in which, at any time, a landlord’s
claim for rent has priority notwithstanding any contractual provision to the contrary by operation of law over the Lien of the Administrative Agent in any of the Collateral. 

“Latest Maturity Date” means, at any date of determination, the latest Maturity Date applicable to any Loan or Commitment
hereunder at such time, including the latest maturity date of any Extended Revolving Credit Commitment, in each case as extended in accordance with this Agreement from time to time. 

“LC Commitment Amount” means $400,000,000, as such amount may be increased as set forth in any applicable Incremental
Revolving Credit Assumption Agreement (or similar applicable agreement) in accordance with Section 2.18(a). 
 “LC
Documents” means, with respect to any Letter of Credit, any documents executed in connection with such Letter of Credit. 

“LC Fee” means any of the fees payable pursuant to Section 2.13(b) or Section 2.13(c) in respect of
Letters of Credit. 
 “LC Issuance” means the issuance of any Letter of Credit by any LC Issuer for the account of an LC
Obligor in accordance with the terms of this Agreement; provided, however, that “LC Issuance” shall not include any auto renewal of a Letter of Credit under Section 2.05(c). 

“LC Issuer” means (a) Truist Bank (as successor by merger to SunTrust Bank), or any Affiliates or branches that it may
designate, (b) with respect to the Existing Letters of Credit, Wells Fargo and Bank of America, N.A. or (c) such other Lender that is requested by the Borrower and agrees to be an LC Issuer hereunder and is approved by the Administrative
Agent (it being acknowledged and agreed that each of Wells Fargo and Bank of America, N.A. on the Closing Date shall be reasonably acceptable to the Administrative Agent); provided that neither Wells Fargo nor Bank of America, N.A. shall be
required to issue Letters of Credit in an aggregate face amount exceeding $133,333,333.33; 

  
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provided further that, for the avoidance of doubt, the Borrower shall not be required to replace any Letters of Credit issued by a particular LC Issuer in existence on the Amendment
No. 3 Effective Date (or any renewals thereof pursuant to the provisions of Section 2.05) solely due to the aggregate amount of such LC Issuer’s Letters of Credit being in excess of its aforementioned pro rata amount. 

“LC Obligor” means, with respect to each LC Issuance, the Borrower or any Restricted Subsidiary for whose account such Letter
of Credit is issued. 
 “LC Outstandings” means, at any time, the sum, without duplication, of (i) the aggregate
Stated Amount of all outstanding Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings with respect to Letters of Credit. 

“LC Participant” has the meaning provided in Section 2.05(g)(i). 

“LC Participation” has the meaning provided in Section 2.05(g)(i). 

“LC Request” has the meaning provided in Section 2.05(b). 

“LCA Election” has the meaning assigned to such term in Section 1.05. 

“LCA Test Date” has the meaning assigned to such term in Section 1.05. 

“Leaseholds” of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under
leases or licenses of land, improvements and/or fixtures. 
 “Lender” and “Lenders” have the meaning
provided in the first paragraph of this Agreement and includes any other Person that becomes a party hereto pursuant to an Assignment Agreement, any Additional Lender that becomes a lender pursuant to an Incremental Revolving Credit Assumption
Agreement, other than any such Person that ceases to be a “Lender.” Unless the context otherwise requires, the term “Lenders” includes the Swing Line Lender. 

“Lender Register” has the meaning provided in Section 2.10(b). 

“Letter of Credit” means any Standby Letter of Credit or Commercial Letter of Credit (including any Existing Letter of
Credit), in each case issued by any LC Issuer under this Agreement pursuant to Section 2.05 for the account of any LC Obligor. 

“Letter of Credit Expiration Date” has the meaning provided in Section 2.05(a). 

“License” means any license or agreement under which a Loan Party is authorized to use Intellectual Property in connection
with any manufacture, marketing, distribution or disposition of Collateral, any use of property or any other conduct of its business. 

“Licensor” means any Person from whom a Loan Party obtains the right to use any Intellectual Property. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge, security assignment, security transfer of title or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing
lease having substantially the same economic effect as any of the foregoing) relating to such asset. 
 “Lien Waiver” means
an agreement, in form and substance reasonably satisfactory to the Administrative Agent, by which (a) for any Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit
the Administrative Agent to enter upon the premises and remove the Collateral or to use the premises to store or dispose of the Collateral; (b) for any Collateral held by a warehouseman, processor, shipper or freight forwarder, such Person
waives or subordinates any Lien it may have on the Collateral, 

  
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agrees to hold any Documents in its possession relating to the Collateral as agent for the Administrative Agent, and agrees to deliver the Collateral to the Administrative Agent upon request;
(c) for any Collateral held by a repairman, mechanic or bailee, such Person acknowledges the Administrative Agent’s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver the Collateral to Agent upon
request; and (d) for any Collateral subject to a Licensor’s Intellectual Property rights, the Licensor grants to Agent the right, vis-à-vis such Licensor, to enforce the Administrative Agent’s Liens with respect to the
Collateral, including the right to dispose of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License or in the case of clauses (a) through (d) is otherwise satisfactory
to the Administrative Agent. 
 “Limited Condition Acquisition” means any acquisition, including by way of merger, by the
Borrower or one or more of its Restricted Subsidiaries permitted pursuant to this Agreement whose consummation is not conditioned upon the availability of, or on obtaining, third party financing. 

“Liquidity Event” means, as determined by the Administrative Agent, that (a) Excess Availability (plus, solely to
the extent Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) is less than the greater of (1) 10% of the Maximum Borrowing Amount, as of such date, and
(2) $80,000,000, in either case for a period of five (5) consecutive Business Days, or (b) a Specified Covenant Event of Default has occurred. The occurrence of a Liquidity Event shall be deemed continuing until (i) such date as
such Specified Covenant Event of Default shall no longer be continuing or (ii) such date as Excess Availability (plus, solely to the extent Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the
Suppressed Availability on such date) exceeds the amount described in the foregoing clause (a) for twenty-five (25) consecutive days, in which event (so long as no intervening Liquidity Event has occurred) a Liquidity Event shall no
longer be deemed to be continuing. 
 “Loan” means any Revolving Loan or Swing Loan. 

“Loan Documents” means this Agreement, the Notes, the Guaranty, the Security Documents, the Fee Letter, each Letter of
Credit, the ABL/Bond Intercreditor Agreement, any other Customary Intercreditor Agreement, Amendment
No. 4, any Incremental Revolving Credit Assumption Agreement or Extension Amendment and any Additional Borrower Agreement. 

“Loan Document Obligations” means the Obligations described in clause (a) of the definition of “Obligations”.

 “Loan Party” means the Borrower and the Guarantors. 

“Local Time” means New York City time. 

“Management Investors” means the members of the Board of Directors, officers and employees of the Borrower and/or its
Subsidiaries who are (directly or indirectly through one or more investment vehicles) investors in the Borrower (or any direct or indirect parent thereof). 

“Master Agreement” has the meaning assigned to such term in the definition of “Swap Agreement.” 

“Material Adverse Effect” means a circumstance or condition affecting the business, financial condition, or results of
operations of the Borrower and its Subsidiaries, taken as a whole, that would reasonably be expected to have a materially adverse effect on (a) the ability of the Borrower and the other Loan Parties, taken as a whole, to perform their payment
obligations under the Loan Documents or (b) the material rights and remedies of the Administrative Agent, the LC Issuers and the Lenders under the Loan Documents. 

“Material Indebtedness” means any Indebtedness for borrowed money (other than the Obligations), Capitalized Lease
Obligations, unreimbursed obligations for letter of credit drawings and financial guarantees (other than ordinary course of business contingent reimbursement obligations) or obligations in respect of one or more Swap Agreements, of any one or more
of the Borrower and its Restricted Subsidiaries in an aggregate principal amount 

  
 - 45 - 

 
exceeding the Threshold Amount individually. For purposes of determining Material Indebtedness, the “principal amount” of the obligations in respect of any Swap Agreement at any time
shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Restricted Subsidiary would be required to pay if such Swap Agreement were terminated at such time. 

“Material Non-Public Information” means (a) if the Borrower is a public reporting company, material non-public
information with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing for purposes of United States Federal and state securities laws and (b) if the Borrower is not a public reporting company,
information that is (i) of the type that would be required to be made publicly available if the Borrower or any of its Subsidiaries were a public reporting company and (ii) material with respect to the Borrower and its Subsidiaries or any
of their respective securities for purposes of United States Federal or state securities laws. 
 “Material Real Property”
means any real property (including fixtures) located in the United States and owned by any Loan Party with a Fair Market Value, as reasonably determined by the Borrower in good faith, greater than or equal to the Threshold Amount individually. 

“Material Subsidiary” means (i) each Wholly Owned Restricted Subsidiary that, as of the last day of the fiscal quarter
of the Borrower most recently ended, had net revenues or total assets for such quarter in excess of 5.0% of the consolidated net revenues or total assets, as applicable, of the Borrower and its Restricted Subsidiaries for such quarter;
provided that in the event that the Immaterial Subsidiaries, taken together, had as of the last day of the fiscal quarter of the Borrower most recently ended net revenues or total assets in excess of 10.0% of the consolidated revenues or
total assets, as applicable, of the Borrower and its Restricted Subsidiaries for such quarter, the Borrower shall designate one or more Immaterial Subsidiaries to be a Material Subsidiary as may be necessary such that the foregoing 10.0% limit shall
not be exceeded, and any such Subsidiary shall thereafter be deemed to be an Material Subsidiary hereunder; provided further that the Borrower may re-designate Material Subsidiaries as Immaterial Subsidiaries so long as Borrower is in
compliance with the foregoing. 
 “Maturity Date” means (i) with respect to the Revolving Commitments in effect on the
Amendment
No. 
34 Effective Date,
January 
29December 17, 2026 (the “Original Maturity
Date”), (ii) with respect to Swing Loans, the Swing Loan Maturity Date, and (iii) with respect to any tranche of Extended Revolving Credit Commitments, the final maturity date applicable thereto as specified in the applicable
Extension Notice accepted by the respective Lender or Lenders. 
 “Maximum Borrowing Amount” means, at any time, the
lesser of (i) the aggregate Revolving Commitments at such time and (ii) the Borrowing Base at such time (as determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to
Section 6.01(j). 
 “Maximum Rate” has the meaning provided in Section 11.23. 

“Minimum Borrowing Amount” means $250,000. 

“Model” means that certain financial model delivered by the Borrower to the Administrative Agent on March 30, 2015
(together with any updates or modifications thereto reasonably agreed between the Borrower and the Administrative Agent and/or necessary to reflect any exercise of “market flex” pursuant to the Fee Letter). 

“Monthly Reporting Event” means the occurrence of a date when (a) Excess Availability (plus, solely to the extent
Excess Availability on each such date is not less than 70.0% of the Maximum Borrowing Amount, the Suppressed Availability on such date) is less than the greater of (i) 75.0% of the Maximum Borrowing Amount and (ii) $600,000,000, in either
case for three (3) consecutive Business Days, until such date as (b) Excess Availability (plus, solely to the extent Excess Availability on each such date is not less than 70.0% of the Maximum Borrowing Amount, the Suppressed
Availability on such date) shall have been at least equal to the greater of (i) 75.0% of the Maximum Borrowing Amount and (ii) $600,000,000 for a period of twenty-five (25) consecutive days. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency business. 

  
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 “Mortgage” means a mortgage, deed of trust, hypothecation, assignment of
leases and rents, leasehold mortgage, debenture, legal charge or other security document granting a Lien on any Mortgaged Property in favor of the Collateral Agent for the benefit of the Secured Creditors to secure the Obligations, as the same may
be amended, amended and restated, supplemented or otherwise modified from time to time. Each Mortgage shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower. For the avoidance of doubt, no Mortgage shall
be required with respect to any Excluded Real Property. 
 “Mortgaged Property” means each parcel of real property with
respect to which a Mortgage is granted pursuant to the Collateral and Guarantee Requirement, Section 6.11, Section 6.12 or Section 6.14 (if any). 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Net Proceeds” means, with respect to any event, (a) the proceeds received in respect of such event in cash or Permitted
Investments, including (i) any cash or Permitted Investments received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of principal pursuant to a note
or installment receivable or purchase price adjustment or earn-out, but excluding any interest payments), but only as and when received, (ii) in the case of a casualty, insurance proceeds that are actually received, and (iii) in the case
of a condemnation or similar event, condemnation awards and similar payments that are actually received, minus (b) the sum of (i) all fees and
out-of-pocket expenses paid by the Borrower and its Restricted Subsidiaries in connection with such event (including attorney’s fees, investment banking fees,
survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting discounts and commissions, other customary expenses and brokerage, consultant, accountant and other
customary fees), (ii) in the case of a sale, transfer or other disposition of an asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), (x) the amount of all payments that are
permitted hereunder and are made by the Borrower and its Restricted Subsidiaries as a result of such event to repay Indebtedness (other than the Loans) secured by such asset or otherwise subject to mandatory prepayment as a result of such event,
(y) the pro rata portion of net cash proceeds thereof (calculated without regard to this clause (y)) attributable to minority interests and not available for distribution to or for the account of the Borrower or its Restricted Subsidiaries as a
result thereof and (z) the amount of any liabilities directly associated with such asset and retained by the Borrower or any Restricted Subsidiary and (iii) the amount of all taxes paid (or reasonably estimated to be payable), the amount
of Tax Distributions, dividends and other restricted payments that the Borrower and/or the Restricted Subsidiaries may make pursuant to Section 7.07(a)(vii)(A) or (B) as a result of such event, and the amount of any reserves
established by the Borrower and its Restricted Subsidiaries to fund contingent liabilities reasonably estimated to be payable, that are directly attributable to such event, provided that any reduction at any time in the amount of any such
reserves (other than as a result of payments made in respect thereof) shall be deemed to constitute the receipt by the Borrower at such time of Net Proceeds in the amount of such reduction. 

“Net Orderly Liquidation Value” means, with respect to the Inventory of any Person, the orderly liquidation value (net of
costs and expenses estimated to be incurred in connection with such liquidation) that is estimated to be recoverable in an orderly liquidation of such Inventory expressed as a percentage of the Cost thereof, such percentage to be as determined from
time to time by reference to the most recent Inventory appraisal completed and delivered to the Administrative Agent by a nationally-recognized third-party Inventory appraisal company or such other qualified third-party Inventory appraisal company
as may be approved by the Administrative Agent in its Permitted Discretion. 
 “New Project” shall mean (a) each
facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and
(b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market. 

“Non-Cash Charges” means (a) any impairment charge or asset write-off or write-down, including impairment charges or
asset write-offs or write-downs related to intangible assets (including goodwill), long-lived assets, and Investments in debt and equity securities or as a result of a change in law or regulation, in each case pursuant to GAAP, and the amortization
of intangibles pursuant to GAAP (which, without limiting the foregoing, 

  
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shall include any impairment charges resulting from the application of FASB Statements No. 142 and 144 and the amortization of intangibles arising pursuant to No. 141), (b) all
losses from Investments recorded using the equity method, (c) all Non-Cash Compensation Expenses, (d) the non-cash impact of acquisition method accounting, (e) depreciation and amortization (including, without limitation, as they
relate to acquisition accounting, amortization of deferred financing fees or costs, Capitalized Software Expenditures and amortization of unrecognized prior service costs and actuarial gains and losses related to pension and other post-employment
benefits) and (f) other non-cash charges (including non-cash charges related to deferred rent) (provided, in each case, that if any non-cash charges represent an accrual or reserve for potential cash items in any future period, the cash
payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period). 

“Non-Cash Compensation Expense” means any non-cash expenses and costs that result from the issuance of stock-based awards,
partnership interest-based awards and similar incentive based compensation awards or arrangements. 
 “Non-Consenting
Lender” has the meaning provided in Section 11.12(f). 
 “Non-Defaulting Lender” means, at any time,
each Lender that is not a Defaulting Lender at such time. 
 “Non-Expiring Credit Commitment” has the meaning provided in
Section 2.04(e). 
 “Non-Wholly Owned Subsidiary” of any Person means any Subsidiary of such Person other than
a Wholly Owned Subsidiary. 
 “Not Otherwise Applied” means, with reference to the Available Equity Amount, that such
amount was not previously applied pursuant to Sections 7.04(m), 7.07(a)(viii) and 7.07(b)(iv). 

“Note” means a Revolving Facility Note or a Swing Line Note, as applicable. 

“Notice of Borrowing” has the meaning provided in Section 2.08(b). 

“Notice of Continuation or Conversion” has the meaning provided in Section 2.12(b). 

“Notice of Swing Loan Refunding” has the meaning provided in Section 2.04(b). 

“Notice Office” means the office of the Administrative Agent at the address set forth in Schedule 11.05 or such
other office as the Administrative Agent may designate in writing to the Borrower from time to time. 
 “Obligations” means
all amounts, indemnities and reimbursement obligations, direct or indirect, contingent or absolute, of every type or description, and at any time existing, owing (a) by a Borrower or any other Loan Party to any Agent, any Lender, the Swing Line
Lender or any LC Issuer pursuant to the terms of this Agreement or any other Loan Document or otherwise relating to the Credit Facility (including, but not limited to, interest, expenses, fees and other monetary obligations that accrue after the
commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws, regardless of whether allowed or allowable in such proceeding or subject to an automatic stay under Section 362(a) of the Code or corresponding provision
under other applicable Debtor Relief Laws) and (b) by the Borrower or any Restricted Subsidiary to any Cash Management Bank or Designated Hedge Creditor under any Cash Management Agreement or Designated Hedge Agreement, respectively; it being
understood that the Borrower shall be liable in respect of indemnities and reimbursement obligations under Existing Cash Management Services, regardless of whether or not such Existing Cash Managements Services are provided to Persons that are not
the Borrower or any of its Restricted Subsidiaries. Without limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents (and of their Restricted Subsidiaries to the extent they have obligations under the
Loan Documents) include (a) the obligation (including guarantee obligations) to pay principal, interest, Letter of Credit fees, reimbursement obligations, charges, expenses, fees, legal fees, indemnities and other amounts to the extent payable
by any Loan Party under any Loan Document and (b) the obligation of any 

  
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Loan Party to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party. Notwithstanding the
foregoing, (i) unless otherwise agreed to by the Borrower and any Cash Management Bank or Designated Hedge Creditor, the obligations of the Borrower or any Restricted Subsidiary under any applicable Cash Management Agreement and under any
Designated Hedge Agreement shall be secured and guaranteed pursuant to the Security Documents and the Guaranty only to the extent that, and for so long as, the other Obligations are so secured and guaranteed and (ii) any release of Collateral
or Guarantors effected in the manner permitted by this Agreement and any other Loan Document shall not require the consent of any Cash Management Bank or Designated Hedge Creditor. Notwithstanding the foregoing, the Obligations shall not include any
Excluded Swap Obligations. 
 “OFAC” has the meaning provided in Section 5.19. 

“Organizational Documents” means, with respect to any Person, the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person. 
 “Other Taxes” means any and all
present or future recording, stamp, documentary, excise, transfer, sales, property or similar Taxes, charges or levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect
to, any Loan Document. 
 “Overadvance” means at any time the amount by which the outstanding Aggregate Revolving Facility
Exposure exceeds the Borrowing Base. 
 “Overadvance Condition” means and is deemed to exist any time the outstanding
Aggregate Revolving Facility Exposure exceeds the Borrowing Base. 
 “Overadvance Loan” means a Base Rate Revolving Loan
made at a time an Overadvance Condition exists or which results in an Overadvance Condition. 
 “Participant” has the
meaning provided in Section 11.06(b). 
 “Participant Register” has the meaning provided in
Section 11.06(b). 
 “Payment Conditions” means, at any time of determination with respect to any Specified
Covenant Event: 
 (a) Specified Excess Availability (after giving Pro Forma Effect to such Specified Covenant Event as of
such date and average daily Specified Excess Availability during the thirty (30) consecutive day period immediately preceding the making of such Specified Covenant Event) shall be not less than (I) in the case of a Specified Disposition,
Specified Investment, Specified Restricted Debt Payment or Specified Debt Incurrence, the greater of (x) 10.00% of the Maximum Borrowing Amount and (y) $80,000,000, or (II) in the case of a Specified Restricted Payment, the greater of
(x) 12.50% of the Maximum Borrowing Amount and (y) $100,000,000, in each case, as of such date, 
 (b) the Fixed
Charge Coverage Ratio as of the end of the most recently ended Test Period prior to the making of such Specified Covenant Event, calculated on a Pro Forma Basis, shall be equal to or greater than 1.00 to 1.00; provided that, the Fixed Charge
Coverage Ratio test described in this clause (b) shall not apply unless the Specified Excess Availability (calculated in order to give Pro Forma Effect to such Specified Covenant Event as of such date and average daily Specified Excess
Availability during the thirty (30) consecutive day period immediately preceding the making of such Specified Covenant Event) is less than (I) in the case of a Specified Investment, Specified Restricted Debt Payment or Specified Debt
Incurrence, the greater of (x) 15.00% of the Maximum Borrowing Amount and (y) $120,000,000 or (II) in the case of a Specified Restricted Payment, the greater of (x) 17.50% of the Maximum Borrowing Amount and (y) $140,000,000, in
each case, as of such date, and 
 (c) no Specified Covenant Event of Default has occurred and is continuing. 

  
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 “Payment Office” means the office of the Administrative Agent
at Truist Bank, 303 Peachtree St., Atlanta, GA 30326; Attn: Doug Weltz; Phone: 404-813-5156. Fax: 404-724-3879. E-mail: agency.services@truist.com, or such other office as the Administrative Agent may designate in writing to the Borrower
from time to time. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any
successor entity performing similar functions. 
 “Perfection Certificate” means a certificate substantially in the form of
Exhibit C. 
 “Permitted Acquisition” means the purchase or other acquisition, by merger, consolidation or
otherwise, by the Borrower or any Subsidiary of any Equity Interests in, or all or substantially all the assets of (or all or substantially all the assets constituting a business unit, division, product line or line of business of), any Person;
provided that (a) in the case of any purchase or other acquisition of Equity Interests in a Person, (i) such Person, upon the consummation of such purchase or acquisition, will be a Subsidiary (including as a result of a merger,
amalgamation or consolidation between any Subsidiary and such Person), or (ii) such Person is merged or amalgamated into or consolidated with a Subsidiary and such Subsidiary is the surviving entity of such merger, amalgamation or
consolidation, (b) the business of such Person, or such assets, as the case may be, constitute a business permitted by Section 6.16, (c) with respect to each such purchase or other acquisition, all actions required to be taken
with respect to such newly created or acquired Subsidiary (including each subsidiary thereof) or assets in order to satisfy the requirements set forth in clauses (a), (b), (c) and (d) of the definition of the term “Collateral and
Guarantee Requirement” to the extent applicable shall have been taken (or arrangements for the taking of such actions after the consummation of the Permitted Acquisition shall have been made that are reasonably satisfactory to the
Administrative Agent) (unless such newly created or acquired Subsidiary is designated as an Unrestricted Subsidiary pursuant to Section 6.13 or is otherwise an Excluded Subsidiary) and (d) after giving Pro Forma Effect to any such
purchase or other acquisition, no Event of Default shall have occurred and be continuing (except this clause (d) shall not apply with respect to any Limited Condition Acquisition). 

“Permitted Discretion” means the Administrative Agent’s reasonable credit judgment exercised in good faith in accordance
with customary business practices for similar asset based lending facilities, based upon its consideration of any factor (or with respect to Reserves as set forth in Section 2.22) that it reasonably believes (i) will or could reasonably be
expected to adversely affect in any material respect the value of the Eligible Billings, Eligible Credit Card Receivables, Eligible In-Transit Inventory, Eligible Inventory, Eligible Letter of Credit Inventory, Eligible Receivables or Eligible
Unbilled Receivables, the enforceability or priority of the Administrative Agent’s Liens thereon or the amount that the Administrative Agent, the Lenders or any LC Issuer would be likely to receive (after giving consideration to delays in
payment and costs of enforcement) in the liquidation of such Eligible Billings, Eligible Credit Card Receivables, Eligible In-Transit Inventory, Eligible Inventory, Eligible Letter of Credit Inventory, Eligible Receivables or Eligible Unbilled
Receivables or (ii) is evidence that any collateral report or financial information delivered to the Administrative Agent by any Person on behalf of the applicable Borrower is incomplete, inaccurate or misleading in any material respect. In
exercising such judgment the Administrative Agent may consider, without duplication, such factors already included in or tested by the definition of Eligible Billings, Eligible Credit Card Receivables, Eligible In-Transit Inventory, Eligible
Inventory, Eligible Letter of Credit Inventory, Eligible Receivables or Eligible Unbilled Receivables as well as any of the following: (i) changes after the Closing Date in any material respect in any concentration of risk with respect to
Accounts; and (ii) any other factors arising after the Closing Date that change in any material respect the credit risk of lending to the Borrower on the security of the Eligible Billings, Eligible Credit Card Receivables, Eligible In-Transit
Inventory, Eligible Inventory, Eligible Letter of Credit Inventory, Eligible Receivables or Eligible Unbilled Receivables. 

“Permitted Earlier Maturity Debt” shall mean Indebtedness of the Borrower and the Restricted Subsidiaries incurred, at the
option of the Borrower, with a final maturity date prior to the Original Maturity Date in an aggregate outstanding principal not in excess of the greater of (i) $1,000,000,000 and (ii) 100.0% of Consolidated EBITDA of the Borrower and the
Restricted Subsidiaries for the most recently ended Test Period (calculated on a Pro Forma Basis). 

  
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 “Permitted Encumbrances” means: 

(a) Liens for Taxes, assessments or governmental charges that are (i) not overdue for a period of the greater of
(x) 30 days and (y) any applicable grace period related thereto, or otherwise not at such time required to be paid pursuant to Section 5.05 or (ii) being contested in good faith and by appropriate proceedings, if adequate
reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP (or other applicable accounting principles); 

(b) Liens with respect to outstanding motor vehicle fines and Liens imposed by law, such as carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or construction contractors’ Liens and other similar Liens arising in the ordinary course of business, in each case so long as such Liens do not individually or in the
aggregate have a Material Adverse Effect; 
 (c) Liens incurred or deposits made in the ordinary course of business
(i) in connection with workers’ compensation, unemployment insurance and other social security legislation or (ii) securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of
credit or bank guarantees or similar instrument for the benefit of) insurance carriers providing property, casualty or liability insurance to the Borrower or any Restricted Subsidiary or otherwise supporting the payment of items set forth in the
foregoing clause (i), whether pursuant to statutory requirements, common law or consensual arrangements; 
 (d) Liens
incurred or deposits made to secure the performance of bids, trade contracts, governmental contracts and leases, statutory obligations, surety, stay, customs and appeal bonds, performance bonds, return-of-money bonds, bankers’ acceptance
facilities and other obligations of a like nature (including those to secure health, safety and environmental obligations) and obligations in respect of letters of credit, bank guarantees or similar instruments that have been posted to support the
same, in each case incurred in the ordinary course of business or consistent with past practice, whether pursuant to statutory requirements, common law or consensual arrangements; 

(e) (i) survey exceptions, encumbrances, charges, easements, rights-of-way, restrictions, encroachments, protrusions, by-law,
regulation or zoning restrictions, reservations of or rights of other Persons and other similar encumbrances and title defects or irregularities affecting real property, that, in the aggregate, would not reasonably be expected to have a Material
Adverse Effect and (ii) any exception on the title policies issued in connection with any Mortgaged Property; 
 (f)
Liens securing, or otherwise arising from, judgments, decrees or attachments not constituting an Event of Default under Section 8.01(j); 

(g) Liens on (i) goods the purchase price of which is financed by a documentary letter of credit issued for the account of
the Borrower or any of its Subsidiaries or Liens on bills of lading, drafts or other documents of title arising by operation of law or pursuant to the standard terms of agreements relating to letters of credit, bank guarantees and other similar
instruments; provided that such Lien secures only the obligations of the Borrower or such Subsidiaries in respect of such letter of credit to the extent such obligations are permitted by Section 6.01 and (ii) specific items of
inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or
other goods; 
 (h) Liens arising from precautionary Uniform Commercial Code financing statements or similar filings made in
respect of operating leases entered into by the Borrower or any of its Subsidiaries; 
 (i) rights of recapture of unused
real property (other than any Mortgaged Property) in favor of the seller of such property set forth in customary purchase agreements and related arrangements with any Governmental Authority; 

  
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 (j) Liens in favor of deposit banks or securities intermediaries securing
customary fees, expenses or charges in connection with the establishment, operation or maintenance of deposit accounts or securities accounts; 

(k) Liens in favor of obligations in respect of performance, bid, appeal and surety bonds and performance and completion
guarantees and similar obligations provided by the Borrower or any of the Restricted Subsidiaries or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each case in the ordinary course of business
or consistent with past practice; 
 (l) Liens arising from grants of non-exclusive licenses or sublicenses of Intellectual
Property made in the ordinary course of business; 
 (m) rights of setoff, banker’s lien, netting agreements and other
Liens arising by operation of law or by of the terms of documents of banks or other financial institutions in relation to the maintenance of administration of deposit accounts, securities accounts, cash management arrangements or in connection with
the issuance of letters of credit, bank guarantees or other similar instruments; 
 (n) Liens arising from the right of
distress enjoyed by landlords or Liens otherwise granted to landlords, in either case, to secure the payment of arrears of rent or performance of other obligations in respect of leased properties, so long as such Liens are not exercised or except
where the exercise of such Liens would not reasonably be expected to have a Material Adverse Effect; 
 (o) Liens or security
given to public utilities or to any municipality or Governmental Authority when required by the utility, municipality or Governmental Authority in connection with the supply of services or utilities to the Borrower and any other Restricted
Subsidiaries; 
 (p) servicing agreements, development agreements, site plan agreements, subdivision agreements, facilities
sharing agreements, cost sharing agreements and other agreements pertaining to the use or development of any of the assets of the Person, provided the same do not result in (i) a substantial and prolonged interruption or disruption of
the business activities of the Borrower and its Restricted Subsidiaries, taken as a whole, or (ii) a Material Adverse Effect; 

(q) Liens solely on any cash earnest money deposits made by the Borrower or any of its Restricted Subsidiaries in connection
with any letter of intent or purchase agreement permitted under this Agreement; 
 (r) the rights reserved to or vested in
any Person or Governmental Authority by the terms of any lease, license, franchise, grant or permit held by the Borrower or any of its Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to
require annual or periodic payments as a condition to the continuance thereof; 
 (s) restrictive covenants affecting the use
to which real property may be put; 
 (t) operating leases of vehicles or equipment which are entered into in the ordinary
course of business; 
 (u) Liens or covenants restricting or prohibiting access to or from lands abutting on controlled
access highways or covenants affecting the use to which lands may be put; provided that such Liens or covenants do not interfere with the ordinary conduct of business of the Borrower or any Restricted Subsidiary; 

(v) statutory Liens incurred or pledges or deposits made, in each case in the ordinary course of business, in favor of a
Governmental Authority to secure the performance of obligations of the Borrower or any Restricted Subsidiary under Environmental Laws to which any such Person is subject; 

  
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 (w) Liens on cash collateral that are required to be granted by the Borrower
or any Restricted Subsidiary in connection with swap arrangements for gas or electricity used in the business of such Person; 

(x) receipt of progress payments and advances from customers in the ordinary course of business to the extent the same creates
a Lien on the related inventory and proceeds thereof; and 
 (y) Liens securing Priority Obligations; 

provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money other than Liens referred
to in clauses (d) and (k) above securing obligations under letters of credit or bank guarantees or similar instruments related thereto and in clause (g) above, in each case to the extent any such Lien would
constitute a Lien securing Indebtedness for borrowed money. 
 “Permitted Holders” means (a) the Investors,
(b) the Management Investors and (c) any other holder of a direct or indirect equity interest in the Borrower (or any direct or indirect parent thereof) that becomes a holder of such interest prior to the ninetieth (90th) day after
the Closing Date that was identified in writing to the Joint Lead Arrangers prior to the Closing Date. 
 “Permitted
Investments” means any of the following, to the extent owned by the Borrower or any Restricted Subsidiary: 
 (a)
Dollars, euro, Canadian dollars, or such other currencies held by it from time to time in the ordinary course of business; 

(b) readily marketable obligations issued or directly and fully guaranteed or insured by the government or any agency or
instrumentality of (i) the United States, (ii) the United Kingdom, (iii) Canada, (iv) Switzerland or (v) any member nation of the European Union, having average maturities of not more than 24 months from the date of
acquisition thereof; provided that the full faith and credit of such country or such member nation of the European Union is pledged in support thereof; 

(c) time deposits and Eurodollar time deposits with, or certificates of deposit or bankers’ acceptances of, any commercial
bank that (i) is a Lender or (ii) has combined capital and surplus of at least $250,000,000 in the case of U.S. banks and $100,000,000 (or the U.S. dollar equivalent as of the date of determination) in the case of foreign banks (any such
bank in the foregoing clauses (i) or (ii) being an “Approved Bank”), in each case with average maturities of not more than 12 months from the date of acquisition thereof; 

(d) commercial paper and variable or fixed rate notes issued by an Approved Bank (or by the parent company thereof) or any
commercial paper and variable or fixed rate note issued by, or guaranteed by, a corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s, in each case with average maturities
of not more than 12 months from the date of acquisition thereof; 
 (e) repurchase agreements entered into by any Person with
an Approved Bank, a bank or trust company (including any of the Lenders) or recognized securities dealer covering securities described in clauses (b) and (c) above; 

(f) marketable short-term money market and similar highly liquid funds substantially all of the assets of which are comprised
of securities of the types described in clauses (b) through (e) above; 
 (g) securities with average maturities of
12 months or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, Switzerland, a member of the European Union or by any political subdivision or taxing authority of any such
state, member, commonwealth or territory having an investment grade rating from either S&P or Moody’s (or the equivalent thereof); 

  
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 (h) investments with average maturities of 12 months or less from the date
of acquisition in mutual funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s; 

(i) instruments equivalent to those referred to in clauses (a) through (h) above denominated in euros or any other
foreign currency comparable in credit quality and tenor to those referred to above and customarily used by corporations for cash management purposes in any jurisdiction outside the United States to the extent reasonably required in connection with
any business conducted by any Subsidiary organized in such jurisdiction; 
 (j) investments, classified in accordance with
GAAP as current assets of the Borrower or any Subsidiary, in money market investment programs that are registered under the Investment Company Act of 1940 or that are administered by financial institutions having capital of at least $250,000,000 or
its equivalent, and, in either case, the portfolios of which are limited such that substantially all of such investments are of the character, quality and maturity described in clauses (a) through (i) of this definition; 

(k) with respect to any Subsidiary that is organized under the laws of a jurisdiction other than the United States of America,
any State thereof or the District of Columbia: (i) obligations of the national government of the country in which such Subsidiary maintains its chief executive office and principal place of business; provided such country is a member of
the Organization for Economic Cooperation and Development, in each case maturing within one year after the date of investment therein, (ii) certificates of deposit of, bankers acceptances of, or time deposits with, any commercial bank which is
organized and existing under the laws of the country in which such Subsidiary maintains its chief executive office and principal place of business; provided such country is a member of the Organization for Economic Cooperation and
Development, and whose short-term commercial paper rating from S&P is at least “A-2” or the equivalent thereof or from Moody’s is at least “P-2” or the equivalent thereof (any such bank being an “Approved Foreign
Bank”), and in each case with maturities of not more than 24 months from the date of acquisition and (iii) the equivalent of demand deposit accounts which are maintained with an Approved Foreign Bank; 

(l) investments in money market funds access to which is provided as part of “sweep” accounts maintained with an
Approved Bank; 
 (m) investments in industrial development revenue bonds that (i) “re-set” interest rates not
less frequently than quarterly, (ii) are entitled to the benefit of a remarketing arrangement with an established broker dealer and (iii) are supported by a direct pay letter of credit covering principal and accrued interest that is issued
by an Approved Bank; 
 (n) investments in pooled funds or investment accounts consisting of investments of the nature
described in the foregoing clause (m); 
 (o) Sterling bills of exchange eligible for rediscount at the Bank of England (or
their dematerialized equivalent); and 
 (p) investment funds investing at least 90% of their assets in securities of the types described in
clauses (a) through (k) above. 
 “Permitted Refinancing” means, with respect to any Person, any modification,
refinancing, refunding, renewal or extension of any Indebtedness of such Person; provided that (a) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to Section 7.01(a)(ii),the principal
amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness 

  
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so modified, refinanced, refunded, renewed or extended except by an amount equal to unpaid accrued interest and premium thereon plus other amounts paid, and fees and expenses incurred, in
connection with such modification, refinancing, refunding, renewal or extension and by an amount equal to any existing commitments unutilized thereunder, (b) other than with respect to a Permitted Refinancing in respect of Indebtedness
permitted pursuant to Section 7.01(a)(v), Indebtedness resulting from such modification, refinancing, refunding, renewal or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life
to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed or extended, (c) if the Indebtedness being modified, refinanced, refunded, renewed or extended is
subordinated in right of payment to the Loan Document Obligations, Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is subordinated in right of payment to the Loan Document Obligations on terms at least as
favorable to the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed or extended, (d) if the Indebtedness being modified, refinanced, refunded, renewed or extended is
permitted pursuant to Section 7.01(a)(xviii) or (a)(xix), such Indebtedness complies with the Required Additional Debt Terms, (e) if the Indebtedness being modified, refinanced, refunded, renewed or extended is permitted pursuant to
Section 7.01(a)(ii), (i) the other terms and conditions of any such Permitted Refinancing shall be as agreed between the Borrower and the lenders providing any such Permitted Refinancing, (ii) the primary obligor in respect of, and/or
the Persons (if any) that Guarantee, the Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is the primary obligor in respect of, and/or Persons (if any) that Guaranteed the Indebtedness being modified,
refinanced, refunded, renewed or extended and (iii) the principal amount (or accreted value, if applicable) of the Indebtedness being modified, refinanced, refunded, renewed or extended does not exceed the original principal amount (or accreted
value, if applicable) of such Indebtedness, except by an amount equal to unpaid accrued interest and premium thereon plus other amounts paid, and fees and expenses incurred, in connection with such modification, refinancing, refunding, renewal or
extension and by an amount equal to any existing commitments unutilized thereunder and (f) if the Indebtedness being modified, refinanced, refunded, renewed or extended is permitted pursuant to Section 7.01(a)(vii) or (a)(viii), the
Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is (x) unsecured if the Indebtedness being modified, refinanced, refunded, renewed or extended is unsecured or (y) not secured on a more favorable
basis than the Indebtedness being modified, refinanced, refunded, renewed or extended if such Indebtedness being modified, refinanced, refunded, renewed or extended is secured. For the avoidance of doubt, it is understood that a Permitted
Refinancing may constitute a portion of an issuance of Indebtedness in excess of the amount of such Permitted Refinancing; provided that such excess amount is otherwise permitted to be incurred under Section 7.01. For the avoidance of
doubt, it is understood and agreed that a Permitted Refinancing includes successive Permitted Refinancings of the same Indebtedness. 

“Permitted Term Debt” means (a) the Term Loan Facilities and (b) any Term Loan Incremental Equivalent Debt, in each
case, permitted to be incurred pursuant to the terms of the Term Credit Agreement as in effect on the Closing Date and any Permitted Refinancing thereof. For the avoidance of doubt, the aggregate principal amount of Term Loan Facilities on the
Closing Date shall not exceed $600,000,000. 
 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
employee pension benefit plan as such term is defined in Section 3(2) of ERISA (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of
which a Loan Party or any ERISA Affiliate is an “employer” as defined in Section 3(5) of ERISA. 

“Platform” has the meaning assigned to such term in the last paragraph of Section 6.01. 

“Post-Transaction Period” means, with respect to any Specified Transaction, the period beginning on the date such Specified
Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated. 

“Prime Rate” has the meaning provided in the definition of the term “Base Rate”. 

  
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 “Priority Obligation” means any obligation that is secured by a Lien on any
Collateral in favor of a Governmental Authority, which Lien ranks or is capable of ranking prior to or pari passu with the Liens created thereon by the applicable Security Documents, including any such Lien securing amounts owing for wages, vacation
pay, severance pay, employee deductions, sales tax, excise tax, other Taxes, workers compensation, governmental royalties and stumpage or pension fund obligations. 

“Pro Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal quarter included in any
Post-Transaction Period with respect to the Acquired EBITDA of the applicable Pro Forma Entity or the Consolidated EBITDA of the Borrower, the pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be,
projected by the Borrower in good faith as a result of (a) actions taken, prior to or during such Post-Transaction Period, for the purposes of realizing reasonably identifiable and quantifiable cost savings, or (b) any additional costs
incurred prior to or during such Post-Transaction Period in connection with the combination of the operations of such Pro Forma Entity with the operations of the Borrower and its Restricted Subsidiaries; provided that (A) so long as
such actions are taken prior to or during such Post-Transaction Period or such costs are incurred prior to or during such Post-Transaction Period it may be assumed, for purposes of projecting such pro forma increase or decrease to such Acquired
EBITDA or such Consolidated EBITDA, as the case may be, that such cost savings will be realizable during the entirety of such Test Period, or such additional costs will be incurred during the entirety of such Test Period, (B) any Pro Forma
Adjustment to Consolidated EBITDA shall be certified by a Financial Officer, the chief executive officer or president of the Borrower and (C) any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the
case may be, shall be without duplication for cost savings or additional costs already included in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period. 

“Pro Forma Basis,” “Pro Forma Compliance” and “Pro Forma Effect” mean, with respect to
compliance with any test, financial ratio or covenant hereunder required by the terms of this Agreement to be made on a Pro Forma Basis or after giving Pro Forma Effect thereto, that (a) to the extent applicable, the Pro Forma Adjustment shall
have been made and (b) all Specified Transactions and the following transactions in connection therewith that have been made during the applicable period of measurement or subsequent to such period and prior to or simultaneously with the event
for which the calculation is made shall be deemed to have occurred as of the first day of the applicable period of measurement in such test, financial ratio or covenant: (i) income statement items (whether positive or negative) attributable to
the property or Person subject to such Specified Transaction, (A) in the case of a Disposition of all or substantially all Equity Interests in any subsidiary of the Borrower or any division, product line, or facility used for operations of the
Borrower or any of its Subsidiaries, shall be excluded and (B) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction,” shall be included, (ii) any retirement of Indebtedness,
and (iii) any Indebtedness incurred or assumed by the Borrower or any of its Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for
purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination and interest on any Indebtedness under a revolving credit facility computed on a
Pro Forma Basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period; provided that, without limiting the application of the Pro Forma Adjustment pursuant to clause (a) above, the
foregoing pro forma adjustments may be applied to any such test or covenant solely to the extent that such adjustments are consistent with the definition of “Consolidated EBITDA” and give effect to operating expense reductions that are
(i) (x) directly attributable to such transaction, (y) expected to have a continuing impact on the Borrower or any of its Subsidiaries and (z) factually supportable or (ii) otherwise consistent with the definition of
“Pro Forma Adjustment.” 
 “Pro Forma Disposal Adjustment” means, for any Test Period that includes all or a
portion of a fiscal quarter included in any Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of contractual
arrangements between the Borrower or any Restricted Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which
is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent Test Period prior to its disposal. 
 “Pro
Forma Entity” has the meaning provided in the definition of the term “Acquired EBITDA.” 

  
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 “Pro Forma Financial Statements” has the meaning provided in
Section 5.04(c). 
 “Proposed Change” has the meaning provided in Section 11.12(f). 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended
from time to time. 
 “Public Company Costs” means, as to any Person, costs associated with, or in anticipation of, or
preparation for, compliance with the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith and costs relating to compliance with the provisions of the Securities Act and the Exchange Act or
any other comparable body of laws, rules or regulations, as companies with listed equity, directors’ compensation, fees and expense reimbursement, costs relating to investor relations, shareholder meetings and reports to shareholders,
directors’ and officers’ insurance and other executive costs, legal and other professional fees, and listing fees, in each case to the extent arising solely by virtue of the listing of such Person’s equity securities on a national
securities exchange. 
 “Protective Advance” has the meaning provided in Section 2.03(a). 

“Public Lender” has the meaning assigned to such term in the last paragraph of Section 6.01. 

“Purchase Date” has the meaning provided in Section 2.04(c). 

“QFC Credit Support” has the meaning provided in Section 11.33.  

“Qualified Cash” has the meaning set forth in the definition of Borrowing Base. 

“Qualified Equity Interests” means Equity Interests of the Borrower other than Disqualified Equity Interests. 

“Qualified Securitization Facility” means any Securitization Facility that meets the following conditions: (a) the
Borrower shall have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the applicable
Securitization Subsidiary and (b) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Borrower). 

“Receivables” means Accounts. 

“Reference
 Time” with respect to any setting of the then-current Benchmark means (1) if such Benchmark is the Adjusted Eurodollar Rate, 11:00 a.m. (London time) on the day that is two London banking days preceding the date of such setting, and
(2) if such Benchmark is not the Adjusted Eurodollar Rate, the time determined by the Administrative Agent in its reasonable discretion. 

“Refinancing” means (i) the refinancing, repayment, redemption, satisfaction and discharge, or defeasance of all the
existing third party Indebtedness for borrowed money of the Acquired Company and its Restricted Subsidiaries under (x) that certain amended and restated credit agreement dated as of March 12, 2012, among, inter alios, the Acquired
Company, as borrower, the lenders and issuing bank from time to time party thereto and Wells Fargo as administrative agent and (y) those certain unsecured subordinated notes, due January 27, 2017 and (ii) the payment of all loans
outstanding under the Borrower’s Existing Credit Agreement immediately prior to the Closing Date, together with accrued and unpaid interest and Fees (as defined in the Existing Credit Agreement) that are due and payable thereunder immediately
prior to the Closing Date. 
 “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as
from time to time in effect and any successor to all or a portion thereof establishing reserve requirements. 

  
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 “Regulation U” means Regulation U of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor to all or a portion thereof establishing margin requirements. 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates and permitted successors and assigns of each of the foregoing. 

“Release” means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal,
leaching or migration into the environment (including ambient air, surface water, groundwater, land surface or subsurface strata), including the environment within any building or any occupied structure, facility or fixture. 

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Removal Effective Date” has the meaning provided in Section 9.11. 

“Rent Reserve” means an amount equal to 1 month rent or such lesser amount as may be established by the Administrative Agent
in its Permitted Discretion for all of the Borrower’s or its Subsidiaries’ Leaseholds where Eligible Inventory is located in a Landlord Lien State; provided that, (i) for purposes of clauses (k) and (l) of the
definition of “Eligible Inventory,” Administrative Agent shall implement a Rent Reserve if indicated by the Borrower in the applicable Borrowing Base Certificate, (ii) the establishment of Rent Reserve shall be subject to the
limitations set forth in clauses (k) and (l) of the definition of “Eligible Inventory,” and (iii) no Rent Reserve may be established where a Collateral Access Agreement has been provided for the relevant premises or book
value of the Inventory stored on the relevant premises is less than $5,000,000; provided, further, that “1 months’ rent” with respect to any Leasehold for which a Rent Reserve has been established shall be calculated net
of any deposits (whether in the form of cash, Permitted Investments or Letters of Credit issued in accordance herewith) made in respect of such rent. 

“Report” means reports prepared by the Administrative Agent or another Person showing the results of appraisals, field
examinations or audits pertaining to the Loan Parties’ assets from information furnished by or on behalf of the Loan Parties, after the Administrative Agent has exercised its rights of inspection pursuant to this Agreement, which Reports may be
distributed to the Lenders by the Administrative Agent, subject to the provisions of Section 11.15. 
 “Representation
Cure Period” has the meaning assigned to such term in Section 8.01(c). 
 “Required Additional Debt Terms” means
with respect to any Indebtedness, (a) such Indebtedness does not mature earlier than the Latest Maturity Date (except in the case of (x) customary bridge loans which subject to customary conditions (including no payment or bankruptcy event
of default), would either automatically be converted into or required to be exchanged for permanent refinancing which does not mature earlier than the Latest Maturity Date and (y) Permitted Earlier Maturity Debt), (b) such Indebtedness
does not have mandatory redemption features (other than customary asset sale, insurance and condemnation proceeds events, change of control offers or events of default or, if term loans, excess cash flow prepayments applicable to periods before the
Latest Maturity Date) that would result in redemptions of such Indebtedness prior to the Latest Maturity Date, (c) such Indebtedness is not guaranteed by any entity that is not a Loan Party, (d) if secured, such Indebtedness that
(i) is not secured by any assets not securing the Obligations and (ii) is subject to a Customary Intercreditor Agreement(s) and (e) the other terms and conditions of such Indebtedness shall be as agreed between the Borrower and the
lenders providing any such Indebtedness. 
 “Required Lenders” means Revolving Lenders (other than any Defaulting Lender)
whose Credit Facility Exposure and Unused Revolving Commitments attributable to its Revolving Commitments constitute more than 50% of the sum of the Aggregate Credit Facility Exposure and the Unused Total Revolving Commitment attributable to all of
the Revolving Commitments (in each case, held by Revolving Lenders which are not Defaulting Lenders). 

  
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 “Required Reserve Notice” means a notice delivered to the Borrower by the
Administrative Agent in accordance with Section 2.22, which notice shall describe the amount and type of each Reserve that is the subject of such notice and shall describe in reasonable detail the circumstances, conditions, events or
contingencies that are the basis of any such Reserve. 
 “Requirements of Law” means, with respect to any Person, any
statutes, laws, treaties, rules, regulations, orders, decrees, writs, injunctions or determinations of any arbitrator or 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. 
 “Reserves” means all Availability Reserves, Dilution Reserves, Rent
Reserves and Designated Hedge Reserves. 
 “Resignation Effective Date” has the meaning provided in
Section 9.11. 
 “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial
Institution, a UK Resolution Authority. 
 “Responsible Officer” means the chief executive officer, president, vice
president, chief financial officer, treasurer or assistant treasurer, or other similar officer, manager or a member of the Board of Directors of a Loan Party and with respect to certain limited liability companies or partnerships that do not have
officers, any manager, sole member, managing member or general partner thereof, and as to any document delivered on the Closing Date or thereafter pursuant to paragraph (a)(i) of the definition of the term “Collateral and Guarantee
Requirement,” any secretary or assistant secretary of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
any Equity Interests in the Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any Equity Interests in the Borrower or any Restricted Subsidiary or any option, warrant or other right to acquire any such Equity Interests in the Borrower or any Restricted Subsidiary. 

“Restricted Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted Subsidiary. 

“Revolving Borrowing” means the incurrence of Revolving Loans consisting of one Type of Revolving Loan by a Borrower from all
of the Lenders having Revolving Commitments in respect thereof on a pro rata basis on a given date (or resulting from Conversions or Continuations on a given date) having in the case of any Eurodollar Loans, the same Interest Period. 

“Revolving Commitment” means, with respect to each Lender, the amount set forth opposite such Lender’s name in
Schedule 1 hereto as its “Revolving Commitment” or in the case of any Lender that becomes a party hereto pursuant to an Assignment Agreement, the amount set forth in such Assignment Agreement, as such commitment may be reduced from
time to time pursuant to Section 2.14(c) or adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 11.06 and any Revolving Commitment Increase. For the avoidance of doubt,
“Revolving Commitment” shall also include any Revolving Commitment Increase or Extended Revolving Credit Commitment of any Class or tranche. 

“Revolving Commitment Increase” has the meaning given to such term in Section 2.18(a). 

  
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 “Revolving Facility” means the credit facility established under
Section 2.02 pursuant to the Revolving Commitment of each Lender, as the same may be increased from time to time pursuant to Section 2.18 and extended pursuant to Section 2.19. For the avoidance of doubt,
“Revolving Facility” shall also include any Credit Facility established pursuant to any Revolving Commitment Increase, Extended Revolving Credit Commitment or Extended Revolving Credit Facility, in each case, of any Class or tranche. 

“Revolving Facility Availability Period” means the period from the Closing Date until the Revolving Facility Termination Date
applicable to each Class of Revolving Commitments. 
 “Revolving Facility Exposure” means, for any Lender at any time, the
sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time. 

“Revolving Facility Note” means a promissory note substantially in the form of Exhibit I-1 hereto. 

“Revolving Facility Percentage” means, at any time for any Lender, the percentage obtained by dividing such Lender’s
Revolving Commitment by the Total Revolving Commitment; provided, however, that if the Total Revolving Commitment has been terminated, the Revolving Facility Percentage for each Lender shall be determined by dividing such Lender’s
Revolving Commitment immediately prior to such termination by the Total Revolving Commitment immediately prior to such termination. 

“Revolving Facility Termination Date” means, as applicable, (a) with respect to the Revolving Commitments in effect on
the Amendment
No. 
34 Effective Date, the earlier of (i) January 29December 17, 2026 and (ii) the date that the Commitments have been
terminated pursuant to Section 8.02 and (b) (i) with respect to any tranche of Extended Revolving Credit Commitments, the final maturity date applicable thereto as specified in the applicable Extension Notice accepted by the
respective Lender or Lenders, and (ii) with respect to any Revolving Commitment Increase, the final maturity date applicable thereto as specified in the applicable Incremental Revolving Credit Assumption Agreement. 

“Revolving Lender” means a Lender holding a Revolving Commitment or, if the Revolving Commitments have terminated, Revolving
Facility Exposure. 
 “Revolving Loan” means, with respect to each Lender, any loan made by such Lender pursuant to
Section 2.02 and, for the avoidance of doubt, shall also include each Protective Advance, each Overadvance, each Incremental Revolving Loan, each Extended Revolving Loan and each Refinancing Revolving Loan. 

“Sanction” means any sanction administered or enforced by the U.S. government (including, without limitation, OFAC), United
Nations Security Council, European Union, U.K. government or other applicable sanctions authority. 
 “Sanctioned Entity”
has the meaning provided in Section 5.19. 
 “Sanctioned Persons” has the meaning provided in
Section 5.19. 
 “S&P” means Standard & Poor’s Ratings Services, a Standard &
Poor’s Financial Services LLC business, and any successor to its rating agency business. 
 “Screen Rate” shall mean
the rate specified in clause (i) of the definition of Adjusted Eurodollar Rate. 
 “SEC” means the Securities and
Exchange Commission or any Governmental Authority succeeding to any of its principal functions. 
 “SEC Regulation D” means
Regulation D as promulgated under the Securities Act of 1933, as amended, as the same may be in effect from time to time. 

“Secured Creditors” has the meaning assigned to such term in the Collateral Agreement. 

  
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 “Secured Notes” means those 7.625% Senior Secured Notes due 2021 issued by
the Borrower pursuant to the Secured Notes Indenture. 
 “Secured Notes Collateral Agreement” means the Notes Collateral
Agreement dated as of May 30, 2019, by and among the Borrower, the other Loan Parties and Wilmington Trust, National Association, as Notes Collateral Agent. 

“Secured Notes Indenture” means the Indenture, dated as of May 29, 2013, among the Borrower, the subsidiary guarantors
party thereto from time to time and Wilmington Trust, National Association, as trustee, governing the Secured Notes, as the same may be amended, supplemented, waived or otherwise modified from time to time. 

“Secured Hedge Designation Agreement” means a written instrument pursuant to which the Borrower designates certain Hedge
Agreements as “Designated Hedge Agreement,” substantially in the form of Exhibit Q (or such other form as the Borrower and the Administrative Agent shall mutually agree). 

“Securitization Assets” means the accounts receivable, royalty and other similar rights to payment and any other assets
related thereto originating from, or arising from the sale of goods or services by, Restricted Subsidiaries that are not Loan Parties subject to a Qualified Securitization Facility that are customarily sold or pledged in connection with
securitization transactions and the proceeds thereof. 
 “Securitization Facility” means any of one or more receivables
securitization financing facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the obligations of which are non-recourse (except for customary representations, warranties and indemnities made in
connection with such facilities) to the Borrower or any Restricted Subsidiary (other than a Securitization Subsidiary) pursuant to which any Restricted Subsidiary that is not a Subsidiary Loan Party sells or grants a security interest in its
accounts receivable or assets related thereto that are customarily sold or pledged in connection with securitization transactions to either (a) a Person that is not a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn
sells its accounts receivable to a Person that is not a Restricted Subsidiary. 
 “Securitization Fees” means distributions
or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Securitization Subsidiary in connection with, any Qualified Securitization
Facility. 
 “Securitization Subsidiary” means any Subsidiary that is not Subsidiary Loan Party formed for the purpose of,
and that solely engages only in one or more Qualified Securitization Facilities and other activities reasonably related thereto. 

“Security Documents” means the Collateral Agreement, the Mortgages and each other security agreement or pledge agreement
executed and delivered pursuant to the Collateral and Guarantee Requirement, Section 6.11, 6.12 or 6.14 to secure any of the Obligations. 

“Settlement” means the transfer of cash or other property with respect to any credit or debit card charge, check or other
instrument, electronic funds transfer, or other type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient or funds transmitter in the ordinary course of its business.

 “Settlement Asset” means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a
Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person. 

“Settlement Indebtedness” means any payment or reimbursement obligation in respect of a Settlement Payment. 

  
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 “Settlement Lien” means any Lien relating to any Settlement or Settlement
Indebtedness (and may include, for the avoidance of doubt, the grant of a Lien in or other assignment of a Settlement Asset in consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated clearing house
exposure, and similar Liens). 
 “Settlement Payment” means the transfer, or contractual undertaking (including by
automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement. 
 “Settlement
Receivable” means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or
arranged, by such Person. 

“SOFR” means,
 with respect to any Business dDay
means, a rate per annum equal to the secured
overnight financing rate published for such Business dDay by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on
the Federal Reserve Bank of New York’s
Website.published by the SOFR Administrator on the SOFR Administrator’s Website at approximately
8:00 a.m. (New York City time) on the immediately succeeding Business Day. 
 “SOFR Administrator”
means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). 

“SOFR
Administrator’s Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such
by the SOFR Administrator from time to time. 
 “Sold Entity or
Business” has the meaning set forth in the definition of the term “Consolidated EBITDA.” 
 “SPC” has
the meaning provided in Section 11.06(f). 
 “Specified Acquisition Agreement Representations” means such of
the representations and warranties in the Acquisition Agreement made by the Acquired Company with respect to the Acquired Company and its subsidiaries as are material to the interests of the Lenders, but only to the extent that the Borrower (and/or
its applicable Affiliate) has the right to terminate its and/or such Affiliate’s obligations under the Acquisition Agreement as a result of a breach of such representations in the Acquisition Agreement. 

“Specified Contribution Period” has the meaning provided in Section 8.01(d). 

“Specified Covenant Event” means any Specified Investment, Specified Disposition, Specified Restricted Payment, Specified
Restricted Debt Payment and/or Specified Debt Incurrence. 
 “Specified Covenant Event of Default” means any Specified
Event of Default and any Event of Default under Section 8.01(d) (solely with respect to Section 2.21), or Section 8.01(e) (solely with respect to Section 6.01(j)). 

“Specified Debt Incurrence” means any Indebtedness incurred pursuant to Section 7.01(a)(xvi). 

“Specified Disposition” means any Disposition made pursuant to Section 7.05(m). 

“Specified Equity Contributions” has the meaning provided in Section 7.12. 

“Specified Event of Default” means any Event of Default under Section 8.01(a), Section 8.01(b),
Section 8.01(h) or Section 8.01(i). 

  
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 “Specified Exam Event of Default” means any Specified Event of Default and
any Event of Default under Section 8.01(a) (solely with respect to Section 2.15(c)(ii)) or Section 8.01(d) (solely with respect to Section 7.12). 

“Specified Excess Availability” means the sum of (a) Excess Availability and (b) the lesser of (i) Suppressed
Availability and (ii) 5% of the aggregate Revolving Commitments at such time. 
 “Specified Investment” means any
Investment made pursuant to Section 7.04(t). 
 “Specified Representations” means the representations and
warranties of the Borrower, and to the extent applicable, the other Subsidiary Loan Parties (other than any Subsidiary Loan Party that is an Insignificant Subsidiary), set forth in (i) Section 5.01, Section 5.02,
Section 5.03(b)(i) (with respect to the entering into and performance of the Loan Documents), Section 5.08, Section 5.14 and Section 5.16 (only with respect to the second sentence thereof) and (ii) Sections 2.03(f) and
3.02(c) of the Collateral Agreement. 
 “Specified Restricted Debt Payment” means Restricted Payments made pursuant to
Section 7.07(b)(vii). 
 “Specified Restricted Payment” means any Restricted Payment pursuant to
Section 7.07(a)(vi). 
 “Specified Transaction” means, with respect to any period, any Investment, sale,
transfer or other disposition of assets, incurrence or repayment of Indebtedness, Restricted Payment, subsidiary designation, New Project or other event that by the terms of the Loan Documents requires “Pro Forma Compliance” with a test or
covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis or after giving Pro Forma Effect thereto. 

“Standby Letter of Credit” means any standby letter of credit issued for the purpose of supporting workers compensation,
liability insurance, releases of contract retention obligations, security deposits, contract performance guarantee requirements and other bonding obligations or for other lawful purposes. 

“Stated Amount” of each Letter of Credit means the maximum amount available to be drawn thereunder (regardless of whether any
conditions or other requirements for drawing could then be met). 
 “subsidiary” means, with respect to any Person (the
“parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements
if such financial statements were prepared in accordance with GAAP, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more
than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held (unless parent does not Control such entity),
or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary” means any subsidiary of the Borrower (unless otherwise specified). 

“Subsidiary Loan Party” means each Subsidiary of the Borrower that is a party to the ABL Guarantee Agreement. 

“Successor Borrower” has the meaning provided in Section 7.03(a)(iv). 

“Super-Majority Lenders” means Revolving Lenders (other than any Defaulting Lender) whose Credit Facility Exposure and Unused
Revolving Commitments attributable to its Revolving Commitments constitute more than 66 2⁄3% of the sum of the Aggregate Credit Facility Exposure and the
Unused Total Revolving Commitment attributable to all of the Revolving Commitments (in each case, held by Revolving Lenders which are not Defaulting Lenders). 

“Supported QFC” has the meaning provided in Section 11.33. 

  
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 “Suppressed Availability” means, at any time, an amount equal to the amount
(if any, but in no event less than zero) by which the Borrowing Base exceeds the aggregate Revolving Commitments at such time. 

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

“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or
transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 
 “Swing Line
Commitment” means the aggregate amount of loans available to the Borrower under the Swing Line Facility, not to exceed $100,000,000; provided that such amount may be increased as set forth in any applicable Incremental Revolving
Credit Assumption Agreement (or similar applicable agreement) in accordance with Section 2.18(a). 
 “Swing Line
Facility” means the credit facility established under Section 2.04 pursuant to the Swing Line Commitment of the Swing Line Lender. 

“Swing Line Lender” means Truist Bank (as successor by merger to SunTrust Bank) or any replacement or successor thereto. 

“Swing Line Note” means a promissory note substantially in the form of Exhibit I-2 hereto. 

“Swing Loan” means any loan made by the Swing Line Lender under the Swing Line Facility pursuant to Section 2.04.

 “Swing Loan Maturity Date” means, with respect to any Swing Loan, the date that is five (5) Business Days prior to
the Revolving Facility Termination Date applicable to each Class of Revolving Commitments. 
 “Swing Loan Participation”
has the meaning provided in Section 2.04(c). 
 “Swing Loan Participation Amount” has the meaning provided in
Section 2.04(c). 
 “Tax Distributions” has the meaning assigned to such term in
Section 7.07(a)(vii)(A). 
 “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Termination Date” means the date on which all Commitments have expired or been terminated and the Loans, together with
interest, Fees and all other Obligations (other than (x) Obligations not yet due and payable under any Designated Hedge Agreement or Cash Management Agreement, (y) contingent indemnification obligations not yet accrued and payable and
(z) obligations in respect of Letters of Credit that have been Cash Collateralized (or as to which other arrangements reasonably satisfactory to the Administrative Agent and the applicable LC Issuer have been made)) incurred hereunder and the
other Loan Documents, have been paid in full. 

  
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 “Term Administrative Agent” means Deutsche Bank AG New York Branch, in its
capacity as administrative agent under the Term Credit Agreement and the other Term Loan Documents, and its successors in such capacity as provided in the Term Credit Agreement. 

“Term Credit Agreement” means the Term Credit Agreement dated as of the Closing Date, by and among the Borrower, each lender
party thereto and the Term Loan Administrative Agent. 
 “Term Loan Documents” means “Term Loan Documents” as
defined in the Term Credit Agreement. 
 “Term Loan Facilities” means (a) the loans made pursuant to the Term Credit
Agreement on the Closing Date, (b) any term loan incremental facilities permitted to be incurred in accordance with the terms of the Term Credit Agreement as in effect on the Closing Date, and (c) any Indebtedness incurred under
Section 2.21 of the Term Credit Agreement. 
 “Term Loan Financing Transactions” means the “Term Loan Financing
Transactions” as such term is defined in the Term Credit Agreement. 
 “Term Loan Incremental Equivalent Debt” means
the “Incremental Equivalent Debt” as such term is defined in the Term Credit Agreement. 
 “Test Period” means,
at any date of determination, the period of four consecutive fiscal quarters of the Borrower then last ended as of such time for which financial statements have been delivered pursuant to Section 6.01(a) or (b); provided
that for any date of determination before the delivery of the first financial statements pursuant to Section 6.01(a) or (b), the Test Period shall be the period of four consecutive fiscal quarters of the Borrower then last ended
as of such time. 
 “Term SOFR”
means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Term
SOFR Notice” means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event. 

“Term
SOFR Transition Event” means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the
Administrative Agent and (c) a Benchmark Transition Event has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.11(g) that is not Term SOFR.

 “Threshold Amount” means the greater of $150,000,000 and 15.0% of Consolidated EBITDA for the most recently ended
Test Period as of such time. 
 “Title Policy” has the meaning provided in Section 6.2(b). 

“Total Funded Debt” means as of any date of determination, the aggregate principal amount of Indebtedness of Borrower and its
Restricted Subsidiaries outstanding on such date on the consolidated balance sheet of Borrower, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application
of purchase accounting in connection with the Transactions or any Permitted Acquisition or other Investment permitted hereunder) consisting only of (a) Indebtedness for borrowed money, (b) the principal component of all Capitalized Lease
Obligations and (c) debt obligations evidenced by bonds, promissory notes, debentures or debt securities. 

  
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 “Total Net Leverage Ratio” means, as of any date of determination, the
ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period. 

“Total Revolving Commitment” means the sum of the Revolving Commitments of the Lenders as in effect at such time. As of the
Amendment
No. 
34 Effective Date, the amount of the Total Revolving Commitment is $1,400,000,000. 

“Transaction Costs” means all fees, costs and expenses incurred or payable by the Borrower or any other Subsidiary in
connection with the Transactions. 
 “Transactions” means (a) the Term Loan Financing Transactions, (b) the ABL
Financing Transactions, (c) the issuance of the Unsecured Notes, (d) the Acquisition and the other transactions contemplated by the Acquisition Documents, (e) the Refinancing, (f) the consummation of the Equity Issuance and
(g) the payment of the Transaction Costs. 
 “Trigger Event” means, at any time, that Excess Availability
(plus, solely to the extent Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) is, for three consecutive business days, less than the greater of
(a) $80,000,000 and (b) 10.00% of the Maximum Borrowing Amount. Upon the occurrence of any Trigger Event, such Trigger Event shall be deemed to be continuing notwithstanding that Excess Availability (plus, solely to the extent
Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) may thereafter exceed the amount set forth in the preceding sentence unless and until Excess Availability
(plus, solely to the extent Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) exceeds such amount for twenty-five (25) consecutive days, in which event a
Trigger Event shall no longer be deemed to be continuing. 
 “Type” means any type of Loan determined with respect to the
interest option and currency denomination applicable thereto. 
 “U.S. Special Resolution Regimes” has the meaning provided
in Section 11.33. 
 “UCC” or “Uniform Commercial Code” means the Uniform Commercial Code as
in effect from time to time in the State of New York; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of the Collateral Agent’s security interest in any
item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a U.S. jurisdiction other than the State of New York, the term “UCC” and “Uniform Commercial Code” shall mean the Uniform Commercial
Code as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions. 

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 
 “UK
Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment. 

  
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 “Unaudited Financial Statements” means (a) the unaudited consolidated
balance sheet of the Acquired Company dated March 31, 2015, and the related consolidated statements of income and cash flows of the Acquired Company for the fiscal quarter ended on that date and (b) the unaudited consolidated balance sheet
of the Borrower dated March 31, 2015, and the related consolidated statements of income and cash flows of the Borrower for the fiscal quarter ended on that date. 

“United States” or “U.S.” means United States of America. 

“United States Tax Compliance Certificate” has the meaning assigned to such term in Section 3.02(e)(ii)(c). 

“Unpaid Drawing” means, with respect to any Letter of Credit, the aggregate Dollar amount of the draws made on such Letter of
Credit that have not been reimbursed by the applicable Borrower or the applicable LC Obligor or converted to a Revolving Loan pursuant to Section 2.05(f)(i), and, in each case, all interest that accrues thereon pursuant to this
Agreement. 
 “Unrestricted Subsidiary” means (i) as of the Closing Date, Dixieline Builders Fund Control, Inc. and
(ii) thereafter, any Subsidiary designated by the Borrower as an Unrestricted Subsidiary pursuant to Section 6.13. 

“Unsecured Notes” means the Borrower’s $700,000,000 10.75% Senior Notes due 2023 issued pursuant to the Unsecured Notes
Indenture dated as of July 31, 2015. 
 “Unsecured Notes Indenture” means the indenture, dated as of July 31,
2015, by and among the Borrower and Wilmington Trust, National Association, as trustee. 
 “Unused Revolving Commitment”
means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time. 

“Unused Total Revolving Commitment” means, at any time, the excess of (i) the Total Revolving Commitment at such time
over (ii) the Aggregate Revolving Facility Exposure at such time. 
 “USA Patriot Act” means the USA PATRIOT Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 
 “Value” means with reference to (a) Eligible
Inventory, Eligible In-Transit Inventory or Eligible Letter of Credit Inventory, on any date, the Net Orderly Liquidation Value thereof, and (b) Eligible Credit Card Receivables, Eligible Billings, Eligible Receivables or Eligible Unbilled
Receivables, the book value thereof determined in accordance with GAAP. 
 “Weekly Reporting Event” means the occurrence of
a date when (a) Excess Availability (plus, solely to the extent Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) is less than the greater of
(i) 10.0% of the Maximum Borrowing Amount and (ii) $80,000,000, in either case for three (3) consecutive Business Days, until such date as (b) Excess Availability (plus, solely to the extent Excess Availability on each
such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) shall have been at least equal to the greater of (i) 10.0% of the Maximum Borrowing Amount and (ii) $80,000,000 for a period of
twenty-five (25) consecutive days. 
 “Weighted Average Life to Maturity” means, 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. 
 “Wells Fargo” means Wells Fargo Bank, National Association. 

“Wholly Owned Restricted Subsidiary” means any Restricted Subsidiary that is a Wholly Owned Subsidiary. 

  
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 “Wholly Owned Subsidiary” means, with respect to any Person at any date, a
subsidiary of such Person of which securities or other ownership interests representing 100% of the Equity Interests (other than (a) directors’ qualifying shares and (b) nominal shares issued to foreign nationals to the extent
required by applicable Requirements of Law) are, as of such date, owned, controlled or held by such Person or one or more Wholly Owned Subsidiaries of such Person or by such Person and one or more Wholly Owned Subsidiaries of such Person. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Write-Down and
Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country,
which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify
or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to
provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary
to any of those powers. 
 Section 1.02 Accounting Terms; GAAP. 

(a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as
otherwise specifically prescribed herein. 
 (b) Notwithstanding anything to the contrary herein, for purposes of determining compliance with
any test contained in this Agreement, the Fixed Charge Coverage Ratio and any other financial ratio or test shall be calculated on a Pro Forma Basis, including to give effect to all Specified Transactions that have been made during the applicable
period of measurement or subsequent to such period and prior to or simultaneously with the event for which the calculation is made, and in making any determination on a Pro Forma Basis, such calculations shall be made in good faith by a Financial
Officer and shall be conclusive absent manifest error. 
 Section 1.03 Terms Generally. The definitions of terms herein shall
apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise,
(a) any definition of or reference to any agreement (including this Agreement and the other Loan Documents), instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to
time amended, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, supplements or other modifications set forth herein), (b) any reference herein to any Person shall be
construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all
functions thereof, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

Section 1.04 [Reserved]. 

  
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 Section 1.05 Limited Condition Acquisitions. Notwithstanding anything in this
Agreement or any Loan Document to the 
 contrary, when calculating any applicable ratio or any basket based on Consolidated EBITDA or total
assets, or determining other compliance with this Agreement (including the determination of compliance with any provision of this Agreement which requires that no Default or Event of Default has occurred, is continuing or would result therefrom, but
excluding Section 4.02 to the extent set forth therein) in connection with a Specified Transaction undertaken in connection with the consummation of a Limited Condition Acquisition, the date of determination of such ratio or any basket based on
Consolidated EBITDA or total assets, and determination of whether any Default or Event of Default has occurred, is continuing or would result therefrom or other applicable covenant shall, at the option of the Borrower (the Borrower’s election
to exercise such option in connection with any Limited Condition Acquisition, an “LCA Election”), be deemed to be the date the definitive agreements for such Limited Condition Acquisition are entered into (the “LCA Test
Date”) and if, after such ratios and other provisions are measured on a Pro Forma Basis after giving effect to such Limited Condition Acquisition and the other Specified Transactions to be entered into in connection therewith (including any
incurrence of Indebtedness and the use of proceeds thereof) as if they occurred at the beginning of the applicable Test Period ending prior to the LCA Test Date, the Borrower could have taken such action on the relevant LCA Test Date in compliance
with such ratios and provisions, such provisions shall be deemed to have been complied with; provided that no such acquisition shall constitute a Limited Condition Acquisition unless the Payment Conditions are satisfied on a Pro Forma Basis
on the applicable LCA Test Date. For the avoidance of doubt, (x) if any of such ratios are exceeded as a result of fluctuations in such ratio (including due to fluctuations in Consolidated EBITDA of the Borrower and its Subsidiaries) at or
prior to the consummation of the relevant Limited Condition Acquisition, such ratios and other provisions will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited Condition
Acquisition is permitted hereunder and (y) such ratios and other provisions shall not be tested at the time of consummation of such Limited Condition Acquisition or related Specified Transactions. If the Borrower has made an LCA Election for
any Limited Condition Acquisition, then in connection with any subsequent calculation of any ratio or basket availability with respect to any other Specified Transaction on or following the relevant LCA Test Date and prior to the earlier of the date
on which such Limited Condition Acquisition is consummated or the date that the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation of such Limited Condition Acquisition, any such ratio or basket
shall be calculated on a Pro Forma Basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated. 

Section 1.06 Certain Determinations. 

(a) For purposes of determining compliance with any of the covenants set forth in Article V or Article VI (including in connection with any
Incremental Facility) at any time (whether at the time of incurrence or thereafter), any Lien, Investment, Indebtedness, Disposition, Restricted Payment or Affiliate transaction meets the criteria of one, or more than one, of the categories
permitted pursuant to Article V or Article VI (including in connection with any Incremental Facility), the Borrower (i) shall in its sole discretion determine under which category such Lien (other than Liens with respect to the Initial Term
Loans), Investment, Indebtedness (other than Indebtedness consisting of the Initial Term Loans), Disposition, Restricted Payment or Affiliate transaction (or, in each case, any portion thereof) is permitted and (ii) shall be permitted, in its
sole discretion, to make any redetermination and/or to divide, classify or reclassify under which category or categories such Lien, Investment, Indebtedness, Disposition, Restricted Payment or Affiliate transaction is permitted from time to time as
it may determine and without notice to the Administrative Agent or any Lender. For the avoidance of doubt, if the applicable date for meeting any requirement hereunder or under any other Loan Document falls on a day that is not a Business Day,
compliance with such requirement shall not be required until noon on the first Business Day following such applicable date. 
 (b)
Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test
(including, without limitation, any Total Net Leverage Ratio, Consolidated Senior Secured Net Leverage Ratio, Consolidated Senior Secured First Lien Net Leverage Ratio and/or Interest Coverage Ratio) (any such amounts, the “Fixed
Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any such financial ratio or test (any such amounts, the
“Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts (and any cash proceeds thereof) shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts in
connection with such substantially concurrent incurrence, except that incurrences of Indebtedness and Liens constituting Fixed Amounts shall be taken into account for purposes of Incurrence Based Amounts other than Incurrence Based Amounts contained
in Section 7.01 or Section 7.02. 

  
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 (c) Notwithstanding anything to the contrary herein, the ABL/Bond Intercreditor Agreement
shall be deemed to be reasonable and acceptable to the Administrative Agent and the Lenders, and the Administrative Agent and the Lenders shall be deemed to have consented to the use of any such ABL/Bond Intercreditor Agreement (and to the
Administrative Agent’s execution thereof) in connection with any Indebtedness permitted to be incurred, issued and/or assumed by the Borrower or any of its Subsidiaries pursuant to Section 7.01. 

Section 1.07 Division. Any reference herein or in any other Credit Document to a merger, transfer, consolidation, amalgamation,
assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company or other Person, or an allocation of assets to a series of a limited liability company or other Person (or the
unwinding of such a division or allocation) (any such transaction, a “Division”), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a
separate Person. 

Section 
1.08 LIBOR. The London interbank offered rate
(“LIBOR”) is intended to represent the rate at which contributing banks could obtain short-term borrowings from one another in the London interbank market. On March 5, 2021, the Financial Conduct Authority (“FCA”), the
regulatory supervisor of LIBOR’s administrator, announced in a public statement the future cessation of the 35 LIBOR benchmark settings currently published by ICE Benchmark administration. This public statement constitutes a Benchmark
Transition Event. To the extent the Maturity Date goes beyond the cessation dates indicated in the FCA’s announcement, an alternate rate of interest will be determined at the appropriate time in accordance with Section 2.11(g)(ii) for any
applicable tenors of USD LIBOR. 
 Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election,
Section 2.11(g)(ii) and (iii) provide the mechanism for determining an alternative rate of interest. The Administrative Agent will promptly notify the Borrower, pursuant to Section 2.11(g)(v), of any change to the reference rates upon
which the interest rates on Eurodollar Loans are based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related
to LIBOR or other rates in the definition of “Adjusted Eurodollar Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation, (i) any such alternative, successor or
replacement rate implemented pursuant to Section 2.11(g)(ii) or (iii), whether upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, and (ii) the implementation of any Benchmark
Replacement Conforming Changes pursuant to Section 2.11(g)(iv)), including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same
value or economic equivalence of, the Adjusted Eurodollar Rate or have the same volume or liquidity as did LIBOR prior to its discontinuance or unavailability. 

ARTICLE II 
 THE TERMS OF THE
CREDIT FACILITY 
 Section 2.01 Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and
conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Lenders, the Swing Line Lender and each LC Issuer agree to establish the Initial Revolving Facility for the benefit of the Borrower. 

  
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 Section 2.02 Revolving Facility. During the Revolving Facility Availability
Period, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make a Revolving Loan or Revolving Loans to the Borrower from time to time pursuant to such Lender’s Revolving Commitment, which Revolving Loans
may, except as set forth herein (and subject to Section 2.12), at the option of the Borrower, be incurred and maintained as, or Converted into, Revolving Loans that are Base Rate Loans or Eurodollar Loans, in each case denominated in
U.S. Dollars; provided that all Revolving Loans (i) made as part of the same Revolving Borrowing shall consist of Revolving Loans of the same Type, (ii) may be repaid or prepaid and reborrowed in accordance with the provisions
hereof and (iii) shall not be made if, after giving effect to any such Revolving Loan, (A) the Revolving Facility Exposure of any Lender plus the principal amount of Swing Loans of any Lender would exceed such Lender’s Revolving
Commitment, (B) the Aggregate Credit Facility Exposure would exceed (x) the Total Revolving Commitment or (y) the Maximum Borrowing Amount or (C) the Borrower would be required to prepay Loans or cash collateralize Letters of
Credit pursuant to Section 2.05(c) (in each case, subject to the Administrative Agent’s authority, in its sole discretion, to make Protective Advances and Overadvances pursuant to the terms of Section 2.03). The
Revolving Loans to be made by each Lender will be made by such Lender on a pro rata basis based upon such Lender’s Revolving Facility Percentage of each Revolving Borrowing, in each case in accordance with Section 2.09 hereof. Each
Lender having a Revolving Commitment Increase or Extended Revolving Credit Commitment hereby severally, and not jointly, agrees on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption
Agreement or Extension Amendment to make Incremental Revolving Loans or Extended Revolving Credit Loans, as applicable, to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental
Revolving Credit Exposure or Extended Revolving Credit Exposure, as applicable, exceeding such Lender’s Revolving Commitment Increase or Extended Revolving Credit Commitment, as applicable. Within the limits set forth in the preceding sentence
and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and re-borrow Initial Revolving Loans, Incremental Revolving Loans or Extended Revolving Credit Loans, as applicable. 

Each Lender may at its option make any Revolving Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
provided that (A) any exercise of such option shall not affect the obligation of the Borrower to repay such Loan and (B) in exercising such option, such Lender shall use its reasonable efforts to minimize any increased costs to the
Borrower resulting therefrom (which obligation of the Lender shall not require it to take, or refrain from taking, actions that it determines would result in increased costs for which it will not be compensated hereunder or that it determines would
be otherwise disadvantageous to it and in the event of such request for costs for which compensation is provided under this Agreement, the provisions of Section 3.01 shall apply). 

Section 2.03 Protective Advances and Overadvances. 

(a) Subject to the limitations set forth below, the Administrative Agent is authorized by the Borrower and the Revolving Lenders, from time to
time in the Administrative Agent’s sole discretion (but shall have absolutely no obligation), to make Loans to the Borrower, on behalf of all Lenders regardless of whether any condition precedent set forth in Section 4.02 has been
satisfied or waived, including any failure by the Borrower to comply with the requirements set forth in Section 2.02, which the Administrative Agent deems necessary or desirable (i) to preserve or protect the Collateral, or any
portion thereof, (ii) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (iii) to pay any other amount chargeable to or required to be paid by the Borrower pursuant to the terms of
this Agreement (each such Loan, a “Protective Advance”). Any Protective Advance may be made in a principal amount that would cause the Aggregate Credit Facility Exposure to exceed the Borrowing Base; provided that no
Protective Advance may be made to the extent that, after giving effect to such Protective Advance (together with the outstanding principal amount of any outstanding Protective Advances), the aggregate principal amount of Protective Advances
outstanding hereunder would exceed, as determined on the date of such proposed Protective Advance, and is not known by the Administrative Agent to exceed, together with Overadvances described in Section 2.03(c), 10.0% of the Maximum
Borrowing Amount, at such time; provided, further, that, (i) the aggregate amount of outstanding Protective Advances plus any Overadvances described in Section 2.03(c) plus the aggregate of all other Revolving Facility
Exposure shall not exceed the aggregate Total Revolving Commitments and (ii) the Revolving Exposure of any Lender shall not exceed the Revolving Commitment of such Lender. The Administrative Agent agrees to use reasonable efforts to deliver
prompt notice to the Lenders of any Protective Advance or Overadvance. Each Protective Advance shall be secured by the Liens in favor of the Administrative Agent in and to the Collateral and shall constitute Obligations hereunder. The Administrative
Agent’s authorization to make Protective Advances may be revoked at any time by the Required Lenders. Any such revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof. The
making of a Protective Advance on any one occasion shall not obligate the Administrative Agent to make any Protective Advance on any other occasion. At any time that the conditions precedent set forth in Section 4.02 have been satisfied
or waived, the Administrative Agent may request the Revolving Lenders to make a Revolving Loan to repay a Protective Advance. At any other time, the Administrative Agent may require the Lenders to fund their risk participations described in
Section 2.03(b). 

  
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 (b) Upon the making of a Protective Advance by the Administrative Agent (whether before or
after the occurrence of a Default or Event of Default), each Revolving Lender shall be deemed, without further action by any party hereto, unconditionally and irrevocably to have purchased from the Administrative Agent without recourse or warranty,
an undivided interest and participation in such Protective Advance in proportion to its pro rata share. From and after the date, if any, on which any Revolving Lender is required to fund its participation in any Protective Advance purchased
hereunder, the Administrative Agent shall promptly distribute to such Revolving Lender, such Revolving Lender’s pro rata share of all payments of principal and interest and all proceeds of Collateral received by the Administrative Agent in
respect of such Protective Advance. 
 (c) Notwithstanding anything to the contrary contained elsewhere in this Section 2.03 or
this Agreement or the other Loan Documents and whether or not a Default or Event of Default exists at the time, the Administrative Agent may require all Revolving Lenders to honor requests or deemed requests by the Borrower for Revolving Loans at a
time that an Overadvance Condition exists or which would result in an Overadvance Condition and each Lender shall be obligated to continue to make its pro rata share of any such Overadvance Loan up to a maximum amount outstanding equal to its
Revolving Commitment at such time, so long as such Overadvance is not known by the Administrative Agent to exceed 10.0% of the Maximum Borrowing Amount, at such time, but in no event shall such Overadvance exist for more than forty-five
(45) consecutive days; provided that (i) the aggregate amount of outstanding Overadvances plus any Protective Advances described in Section 2.03(a) plus the aggregate of all other Revolving Facility Exposure shall not
exceed the aggregate Total Revolving Commitments and (ii) the Revolving Facility Exposure of any Lender shall not exceed the Revolving Commitment of such Lender. The Administrative Agent’s authorization to require Revolving Lenders to
honor requests or deemed requests for Overadvance Loans may be revoked at any time by the Required Lenders. 
 Section 2.04 Swing
Line Facility. 
 (a) Swing Loans. During the Revolving Facility Availability Period, the Swing Line Lender agrees, on the terms
and conditions set forth in this Agreement, to make a Swing Loan or Swing Loans to the Borrower from time to time, which Swing Loans: (i) shall be payable on the Swing Loan Maturity Date applicable to each such Swing Loan; (ii) shall be
made in U.S. Dollars and shall be Base Rate Loans; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving effect thereto (A) the aggregate principal amount of
Swing Loans outstanding does not exceed the Swing Line Commitment, and (B) the Aggregate Credit Facility Exposure would not exceed (x) the Total Revolving Commitment or (y) the Maximum Borrowing Amount; (v) shall not be made if,
after giving effect thereto, the Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to Section 2.05(c) hereof; and (vi) shall not be made if the proceeds thereof would be used to repay, in
whole or in part, any outstanding Swing Loan. 
 (b) Swing Loan Refunding. At least once each calendar week (or more frequently at
Swing Line Lender’s election), the Swing Line Lender shall direct that the Swing Loans owing to it be refunded by delivering a notice to such effect to the Administrative Agent, specifying the aggregate principal amount thereof (a
“Notice of Swing Loan Refunding”). Promptly upon receipt of a Notice of Swing Loan Refunding, the Administrative Agent shall give notice of the contents thereof to the Lenders with Revolving Commitments and, unless an Event of
Default specified in Section 8.01(h) or Section 8.01(i) in respect of a Borrower has occurred, the applicable Borrower. Each such Notice of Swing Loan Refunding shall be deemed to constitute delivery by the Borrower of a
Notice of Borrowing requesting Revolving Loans consisting of Base Rate Loans in the amount of the Swing Loans to which it relates notwithstanding (i) that the Notice of Swing Loan Refunding may not comply with the requirements specified in
Section 2.08, (ii) whether any conditions specified in Section 4.02 are then satisfied, (iii) whether a Default or an Event of Default has occurred and is continuing, (iv) the date of such Notice of Swing Loan
Refunding or (v) any reduction in the Total Revolving Commitment after any such Swing Loans were made. Each Lender with a Revolving Commitment (including the Swing Line Lender) hereby unconditionally agrees (notwithstanding that any of the 

  
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conditions specified in Section 4.02 or elsewhere in this Agreement shall not have been satisfied, but subject to the provisions of paragraph (d) below) to make a
Revolving Loan to the designated Borrower in the amount of such Lender’s Revolving Facility Percentage of the aggregate amount of the Swing Loans to which such Notice of Swing Loan Refunding relates. Each such Lender shall make the amount of
such Revolving Loan available to the Administrative Agent in immediately available funds at the Payment Office not later than 3:00 p.m. (local time at the Payment Office), if such notice is received by such Lender prior to 12:00 p.m. (local time at
its Notice Office), or not later than 3:00 p.m. (Local Time at the Payment Office) on the next Business Day, if such notice is received by such Lender after such time). The proceeds of such Revolving Loans shall be made immediately available to the
Swing Line Lender and applied by it to repay the principal amount of the Swing Loans to which such Notice of Swing Loan Refunding relates. 

(c) Swing Loan Participation. If prior to the time a Revolving Loan would otherwise have been made as provided above as a consequence of
a Notice of Swing Loan Refunding, any of the events specified in Section 8.01(h) or Section 8.01(i) shall have occurred in respect of the Borrower or one or more of the Lenders with Revolving Commitments shall determine that
it is legally prohibited from making a Revolving Loan under such circumstances, each Lender (other than the Swing Line Lender), or each Lender (other than such Swing Line Lender) so prohibited, as the case may be, shall, on the date such Revolving
Loan would have been made by it (the “Purchase Date”), subject to the provisions of Section 2.04(d), purchase an undivided participating interest (a “Swing Loan Participation”) in the outstanding Swing
Loans to which such Notice of Swing Loan Refunding relates, in an amount (the “Swing Loan Participation Amount”) equal to such Lender’s Revolving Facility Percentage of such outstanding Swing Loans. On the Purchase Date, each
such Lender or each such Lender so prohibited, as the case may be, shall pay to the Swing Line Lender, in immediately available funds, such Lender’s Swing Loan Participation Amount, and promptly upon receipt thereof the Swing Line Lender shall,
if requested by such other Lender, deliver to such Lender a participation certificate, dated the date of the Swing Line Lender’s receipt of the funds from, and evidencing such Lender’s Swing Loan Participation in, such Swing Loans and its
Swing Loan Participation Amount in respect thereof. If any amount required to be paid by a Lender to the Swing Line Lender pursuant to the above provisions in respect of any Swing Loan Participation is not paid on the date such payment is due, such
Lender shall pay to the Swing Line Lender on demand interest on the amount not so paid at the overnight Federal Funds Effective Rate from the due date until such amount is paid in full. Whenever, at any time after the Swing Line Lender has received
from any other Lender such Lender’s Swing Loan Participation Amount, the Swing Line Lender receives any payment from or on behalf of a Borrower on account of the related Swing Loans, the Swing Line Lender will promptly distribute to such Lender
its ratable share of such amount based on its Revolving Facility Percentage of such amount on such date on account of its Swing Loan Participation (appropriately adjusted, in the case of interest payments, to reflect the period of time during which
such Lender’s participating interest was outstanding and funded); provided, however, that if such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Swing Line Lender any portion
thereof previously distributed to it by the Swing Line Lender. 
 (d) Obligations Unconditional. Each Lender’s obligation to make
Revolving Loans pursuant to Section 2.04(b) and/or to purchase Swing Loan Participations in connection with a Notice of Swing Loan Refunding shall be subject to the conditions that (i) such Lender shall have received a Notice of
Swing Loan Refunding complying with the provisions hereof and (ii) at the time the Swing Loans that are the subject of such Notice of Swing Loan Refunding were made, the Swing Line Lender making the same had no actual written notice from
another Lender or the Administrative Agent that a Default or Event of Default had occurred and was continuing (or any other applicable funding condition under Section 4.02 was not satisfied), but otherwise shall be absolute and
unconditional, shall be solely for the benefit of the Swing Line Lender that gives such Notice of Swing Loan Refunding, and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right
that such Lender may have against any other Lender, any Loan Party, or any other Person, or any Loan Party may have against any Lender or other Person, as the case may be, for any reason whatsoever; (B) the occurrence or continuance of a
Default or Event of Default; (C) any event or circumstance involving a Material Adverse Effect; (D) any breach of any Loan Document by any party thereto; or (E) any other circumstance, happening or event, whether or not similar to any
of the foregoing. 
 (e) Provisions Related to Extended Revolving Credit Commitments. If the maturity date shall have occurred in
respect of any tranche of Revolving Commitments (the “Expiring Credit Commitment”) at a time when another tranche or tranches of Revolving Commitments is or are in effect with a longer maturity date (each a “Non- 

  
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Expiring Credit Commitment” and collectively, the “Non-Expiring Credit Commitments”), then with respect to each outstanding Swing Loan, if consented to by the
applicable Swing Line Lender, on the earliest occurring maturity date such Swing Loan shall be deemed reallocated to the tranche or tranches of the Non-Expiring Credit Commitments on a pro rata basis; provided that to the extent that the
amount of such reallocation would cause the aggregate credit exposure to exceed the aggregate amount of such Non-Expiring Credit Commitments, immediately prior to such reallocation the amount of Swing Loans to be reallocated equal to such excess
shall be repaid or Cash Collateralized. Upon the maturity date of any tranche of Revolving Commitments, the sublimit for Swing Loans may be reduced as agreed between the Swing Line Lender and the Borrower, without the consent of any other Person.

 Section 2.05 Letters of Credit. 

(a) LC Issuances. During the Revolving Facility Availability Period, the Borrower may request, for itself or on behalf of any Restricted
Subsidiary, an LC Issuer at any time and from time to time to issue, for the account of the Borrower or any Restricted Subsidiary, and subject to and upon the terms and conditions herein set forth, each LC Issuer agrees to issue from time to time
Letters of Credit denominated and payable in U.S. Dollars in such form as may be approved by such LC Issuer and such Borrower; provided, however, that notwithstanding the foregoing, no LC Issuance shall be made if, after giving effect
thereto, (i) the LC Outstandings would exceed the LC Commitment Amount, (ii) the Revolving Facility Exposure of any Lender plus any Lender’s Applicable Percentage of the principal amount of Swing Loans outstanding would exceed such
Lender’s Revolving Commitment, (iii) the Aggregate Credit Facility Exposure would exceed (x) the Total Revolving Commitment or (y) the Maximum Borrowing Amount, (iv) the Borrower would be required to prepay Loans or Cash
Collateralize Letters of Credit pursuant to Section 2.05(c) hereof, (v) the applicable LC Issuer has been notified in writing by the Administrative Agent that a Default or Event of Default exists (or any other applicable condition
under Section 4.02 cannot be satisfied); provided that Borrower shall be a co-applicant, and be jointly and severally liable, with respect to each Letter of Credit issued for the account of a Restricted Subsidiary that is not a
Borrower. Subject to Section 2.05(c) below, each Letter of Credit shall have an expiry date (including any renewal periods) occurring not later than the earlier of (y) one year from the date of issuance thereof (except as otherwise
permitted under Section 2.05(c)), or (z) five (5) Business Days prior to the Revolving Facility Termination Date (the “Letter of Credit Expiration Date”); provided that any Letter of Credit may extend
beyond the date referred to in clause (z) above to the extent such Letter of Credit is Cash Collateralized or back-stopped in a manner and in an amount reasonably satisfactory to the relevant LC Issuer. The Existing Letters of Credit
will be deemed Letters of Credit issued hereunder for the account of the Borrower and will be subject to the terms hereof, regardless of whether or not the applicant under any Existing Letter of Credit is an LC Obligor; provided further that
in any event the Revolving Lenders’ LC Participation Obligations under this Section 2.05 shall terminate on the Revolving Facility Termination Date. 

(b) LC Requests. Whenever a Borrower desires that a Letter of Credit be issued for its account or the account of any eligible LC
Obligor, Borrower shall give the Administrative Agent and the applicable LC Issuer written notice which shall be substantially in the form of Exhibit M (each such request, an “LC Request”), or transmit by electronic
communication (if arrangements for doing so have been approved by the applicable LC Issuer), at least two (2) Business Days (or such shorter period as may be acceptable to the relevant LC Issuer) prior to the proposed date of issuance (which
shall be a Business Day), which LC Request shall include such supporting documents that such LC Issuer customarily requires in connection therewith (including, in the case of a Letter of Credit for an account party other than a Borrower, an
application for, such Letter of Credit). In the event of any inconsistency between any of the terms or provisions of any LC Document and the terms and provisions of this Agreement respecting Letters of Credit, the terms and provisions of this
Agreement shall control. 
 (c) Auto-Renewal Letters of Credit. If Borrower so requests in any applicable LC Request, each LC Issuer
shall agree to issue a Letter of Credit that has automatic renewal provisions; provided, however, that any Letter of Credit that has automatic renewal provisions must permit such LC Issuer to prevent any such renewal at least once in
each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day in each such twelve-month period to be agreed upon at the time such Letter of Credit is
issued. Once any such Letter of Credit that has automatic renewal provisions has been issued, the Lenders shall be deemed to have authorized (but may not require) such LC Issuer to permit the renewal of such Letter of Credit at any time to an expiry
date not later than five (5) Business Days prior to the Revolving Facility Termination Date applicable to each Class of Revolving Commitments; provided, however, that such LC Issuer shall not permit 

  
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any such renewal if (i) such LC Issuer has determined that it would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof, or (ii) it
has received notice (which may be by telephone or in writing) on or before the day that is two (2) Business Days before the date that such LC Issuer is permitted to send a notice of non-renewal from the Administrative Agent, any Lender or the
Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied. 
 (d) Applicability
of ISP98 and UCP. Unless otherwise expressly agreed by the applicable LC Issuer and the Borrower, when a Letter of Credit is issued, (i) the rules of the “International Standby Practices 1998” published by the Institute of
International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary
Credits, as most recently published by the International Chamber of Commerce at the time of issuance (including the International Chamber of Commerce’s decision published by the Commission on Banking Technique and Practice on April 6, 1998
regarding the European single currency (euro)) shall apply to each Commercial Letter of Credit. 
 (e) Notice of LC Issuance. Each LC
Issuer shall, on the date of each LC Issuance by it, give the Administrative Agent, and the Borrower written notice of such LC Issuance, accompanied by a copy to the Administrative Agent of the Letter of Credit or Letters of Credit issued by it.
Each LC Issuer shall provide to the Administrative Agent a quarterly (or monthly if requested by any applicable Lender) summary describing each Letter of Credit issued by such LC Issuer and then outstanding and an identification for the relevant
period of the daily aggregate LC Outstandings represented by Letters of Credit issued by such LC Issuer. 
 (f) Reimbursement
Obligations. 
 (i) The Borrower hereby agrees to reimburse (or cause any LC Obligor for whose account a Letter of Credit was issued to
reimburse) each LC Issuer, by making payment directly to such LC Issuer in immediately available funds at the payment office of such LC Issuer, for any Unpaid Drawing with respect to any Letter of Credit within one Business Day after such LC Issuer
notifies the Borrower (or any such other LC Obligor for whose account such Letter of Credit was issued) of such payment or disbursement (which notice to the Borrower (or such other LC Obligor) shall be delivered reasonably promptly after any such
payment or disbursement), such payment to be made in U.S. Dollars, with interest on the amount so paid or disbursed by such LC Issuer, to the extent not reimbursed prior to 1:00 P.M. (Local Time at the payment office of the applicable LC Issuer) on
the date of such payment or disbursement, from and including the date paid or disbursed to but not including the date such LC Issuer is reimbursed therefor at a rate per annum that shall be the rate then applicable to Revolving Loans pursuant
to Section 2.11(a) that are Eurodollar Loans or, if not reimbursed within one Business Day after such notice, at the Default Rate, any such interest also to be payable on demand. If by 12:00 noon Local Time on the Business Day
immediately following notice to it of its obligation to make reimbursement in respect of an Unpaid Drawing, the Borrower has not made such reimbursement out of their available cash on hand or a contemporaneous Borrowing hereunder (if such Borrowing
is otherwise available to the Borrower), (x) the Borrower will be deemed to have given a Notice of Borrowing for Revolving Loans that are Base Rate Loans in an aggregate principal amount sufficient to reimburse such Unpaid Drawing (and the
Administrative Agent shall promptly give notice to the Lenders of such deemed Notice of Borrowing, and such deemed Notice of Borrowing is not required to comply with the requirements specified in Section 2.08), (y) the Lenders shall
make the Revolving Loans contemplated by such deemed Notice of Borrowing (which Revolving Loans shall be considered made under Section 2.02), and (z) the proceeds of such Revolving Loans shall be disbursed directly to the applicable
LC Issuer to the extent necessary to effect such reimbursement and repayment of the Unpaid Drawing, with any excess proceeds to be made available to the applicable Borrower in accordance with the applicable provisions of this Agreement. 

(ii) Obligations Absolute. The Borrower’s obligation under this Section 2.05 to reimburse each LC Issuer with respect
to Unpaid Drawings (including, in each case, interest thereon) shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower or other LC Obligor may have or
have had against such LC Issuer, the Administrative Agent or any Lender, including any defense based upon the failure of any drawing under a Letter of Credit to conform to the terms of the Letter of Credit or any non-application or misapplication by
the beneficiary of the proceeds of such drawing; provided, however, 

  
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that no LC Obligor shall be obligated to reimburse an LC Issuer for any wrongful payment made by such LC Issuer under a Letter of Credit as a result of acts or omissions constituting willful
misconduct or gross negligence as determined by a final non-appealable judgment of a court of competent jurisdiction on the part of such LC Issuer. 

(g) LC Participations. 

(i) Immediately upon each LC Issuance, the LC Issuer of such Letter of Credit shall be deemed to have sold and transferred to each Lender with
a Revolving Commitment, and each such Lender (each an “LC Participant”) shall be deemed irrevocably and unconditionally to have purchased and received from such LC Issuer, without recourse or warranty, an undivided interest and
participation (an “LC Participation”), to the extent of such Lender’s Revolving Facility Percentage of the Stated Amount of such Letter of Credit in effect at such time of issuance, in such Letter of Credit, each substitute
Letter of Credit, each drawing made thereunder, the obligations of any LC Obligor under this Agreement with respect thereto (although LC Fees relating thereto shall be payable directly to the Administrative Agent for the account of the Lenders as
provided in Section 2.13 and the LC Participants shall have no right to receive any portion of any fees of the nature contemplated by Section 2.13(c)), the obligations of any LC Obligor under any LC Documents pertaining
thereto, and any security for, or guaranty pertaining to, any of the foregoing. 
 (ii) In determining whether to pay under any Letter of
Credit, an LC Issuer shall not have any obligation relative to the LC Participants other than to determine that any documents required to be delivered under such Letter of Credit have been delivered and that they appear to comply on their face with
the requirements of such Letter of Credit. Any action taken or omitted to be taken by an LC Issuer under or in connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct negligence as
determined by a final non-appealable or a court of competent jurisdiction, shall not create for such LC Issuer any resulting liability. 

(iii) If an LC Issuer makes any payment under any Letter of Credit and the applicable LC Obligor shall not have reimbursed such amount in full
to such LC Issuer pursuant to Section 2.05(f), such LC Issuer shall promptly notify the Administrative Agent, and the Administrative Agent shall promptly notify each LC Participant of such failure, and each LC Participant shall promptly
and unconditionally pay to the Administrative Agent for the account of such LC Issuer, the amount of such LC Participant’s Revolving Facility Percentage of such payment in same-day funds; provided, however, that no LC Participant
shall be obligated to pay to the Administrative Agent its Revolving Facility Percentage of such unreimbursed amount for any wrongful payment made by such LC Issuer under a Letter of Credit as a result of acts or omissions constituting willful
misconduct or gross negligence is determined by a final, non-appealable judgment of a court of competent jurisdiction on the part of such LC Issuer. If the Administrative Agent so notifies any LC Participant required to fund a payment under a Letter
of Credit prior to 12:00 p.m. (Local Time) on any Business Day, such LC Participant shall make available to the Administrative Agent for the account of the relevant LC Issuer such LC Participant’s Revolving Facility Percentage of the amount of
such payment on such Business Day in same-day funds. If and to the extent such LC Participant shall not have so made its Revolving Facility Percentage of the amount of such payment available to the Administrative Agent for the account of the
relevant LC Issuer, such LC Participant agrees to pay to the Administrative Agent for the account of such LC Issuer, forthwith on demand, such amount, together with interest thereon, for each day from such date until the date such amount is paid to
the Administrative Agent for the account of such LC Issuer at the Federal Funds Effective Rate. The failure of any LC Participant to make available to the Administrative Agent for the account of the relevant LC Issuer its Revolving Facility
Percentage of any payment under any Letter of Credit shall not relieve any other LC Participant of its obligation hereunder to make available to the Administrative Agent for the account of such LC Issuer its Revolving Facility Percentage of any
payment under any Letter of Credit on the date required, as specified above, but no LC Participant shall be responsible for the failure of any other LC Participant to make available to the Administrative Agent for the account of such LC Issuer such
other LC Participant’s Revolving Facility Percentage of any such payment. 
 (iv) Whenever an LC Issuer receives a payment of a
reimbursement obligation as to which the Administrative Agent has received for the account of such LC Issuer any payments from the LC Participants pursuant to subsection (iii) above, such LC Issuer shall pay to the Administrative Agent
and the Administrative Agent shall promptly pay to each LC Participant that has paid its Revolving Facility Percentage thereof, in same-day funds, an amount equal to such LC Participant’s Revolving Facility Percentage of the principal amount
thereof and interest thereon accruing after the purchase of the respective LC Participations, as and to the extent so received. 

  
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 (v) The obligations of the LC Participants to make payments to the Administrative Agent for
the account of each LC Issuer with respect to Letters of Credit shall be irrevocable and not subject to counterclaim, set-off or other defense or any other qualification or exception whatsoever and shall be made in accordance with the terms and
conditions of this Agreement under all circumstances, including any of the following circumstances: 
 (A) any lack of
validity or enforceability of this Agreement or any of the other Loan Documents; 
 (B) the existence of any claim, set-off
defense or other right that any LC Obligor may have at any time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, any LC
Issuer, any Lender, or other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated transactions (including any underlying transaction between the applicable LC Obligor and the
beneficiary named in any such Letter of Credit), other than any claim that the applicable LC Obligor may have against any applicable LC Issuer for gross negligence or willful misconduct; as determined by a final non-appealable judgment of a court of
competent jurisdiction of such LC Issuer in making payment under any applicable Letter of Credit; 
 (C) any draft,
certificate or other document presented under the Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 

(D) the surrender or impairment of any security for the performance or observance of any of the terms of any of the Loan
Documents; or 
 (E) the occurrence of any Default or Event of Default. 

(vi) To the extent any LC Issuer is not reimbursed by the Borrower, the LC Participants will reimburse and indemnify such LC Issuer, in
proportion to their respective Revolving Facility Percentages, for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature that may be
imposed on, asserted against or incurred by such LC Issuer in performing its respective duties in any way related to or arising out of LC Issuances by it; provided, however, that no LC Participants shall be liable for any portion of
such liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements resulting from such LC Issuer’s gross negligence or willful misconduct, as determined by a final, non-appealable judgment of
a court of competent jurisdiction. 
 (h) Provisions Related to Extended Revolving Credit Commitments. If the Letter of Credit
Expiration Date in respect of any tranche of Revolving Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the LC Issuer which issued such Letter of Credit, if one or more other tranches of Revolving
Commitments in respect of which the Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes
of the obligations of the Revolving Lenders to purchase participations therein and to make Revolving Loans and payments in respect thereof pursuant to Section 2.05(f) and (g)) under (and ratably participated in by Lenders pursuant
to) the Revolving Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Commitments thereunder at such time (it being understood that no partial face amount
of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrowers shall Cash Collateralize any such Letter of Credit in accordance with
Section 2.05(a). Upon the maturity date of any tranche of Revolving Commitments, the sublimit for Letters of Credit may be reduced as agreed between the LC Issuers and the Borrower, without the consent of any other Person. 

  
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 (i) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of
Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse the applicable LC Issuer hereunder for any and all drawings under such Letter
of Credit if not otherwise timely reimbursed by such Restricted Subsidiary. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the
Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries. 
 Section 2.06 [Reserved].

 Section 2.07 [Reserved]. 

Section 2.08 Notice of Borrowing. 

(a) Time of Notice. Each Borrowing of a Loan (other than a Continuation or Conversion shall be made upon notice in the form provided for
below which shall be provided by the Borrower to the Administrative Agent at its Notice Office not later than (i) in the case of each Borrowing of a Eurodollar Loan, 12:00 p.m. (Local Time) at least three (3) Business Days’ prior to
the date of such Borrowing and (ii) in the case of each Borrowing of a Base Rate Loan, prior to 12:00 p.m. (Local Time) on the proposed date of such Borrowing. 

(b) Notice of Borrowing. Each request for a Borrowing (other than a Continuation or Conversion, which will be subject to
Section 2.12) shall be made by a Responsible Officer of the Borrower by delivering written notice of such request substantially in the form of Exhibit J hereto (each such notice, a “Notice of Borrowing”) or by
telephone (to be confirmed immediately in writing by delivery by an Responsible Officer of the Borrower of a Notice of Borrowing), and in any event each such request shall be irrevocable and shall specify (i) the identity of the Borrower on
whose behalf such Borrowing is being requested, (ii) the aggregate principal amount of the Loans to be made pursuant to such Borrowing, (iii) the date of the Borrowing (which shall be a Business Day), (iv) the Type of Loans such
Borrowing will consist of, and (iv) if applicable, the initial Interest Period or the Swing Loan Maturity Date (which shall be less than 30 days after the date of such Borrowing but at least five (5) Business Days after the date of such
Borrowing). Without in any way limiting the obligation of the Borrower to confirm in writing any telephonic notice permitted to be given hereunder, the Administrative Agent may act prior to receipt of written confirmation without liability upon the
basis of such telephonic notice believed by the Administrative Agent in good faith to be from an Responsible Officer of the Borrower entitled to give telephonic notices under this Agreement on behalf of the Borrower. In each such case, the
Administrative Agent’s record of the terms of such telephonic notice shall be conclusive absent manifest error. 
 (c) Minimum
Borrowing Amount. The aggregate principal amount of each Borrowing by the Borrower shall not be less than the Minimum Borrowing Amount. 

(d) Maximum Borrowings. More than one Borrowing may be incurred by the Borrower on any day; provided, however, that at no
time shall there be more than ten (10) Borrowings of Eurodollar Loans outstanding under this Agreement. 
 Section 2.09 Funding
Obligations; Disbursement of Funds. 
 (a) Several Nature of Funding Obligations. The Commitments of each Lender hereunder and the
obligation of each Lender to make Loans, acquire and fund Swing Loan Participations, and LC Participations, as the case may be, are several and not joint obligations. No Lender shall be responsible for any default by any other Lender in its
obligation to make Loans or fund any participation hereunder and each Lender shall be obligated to make the Loans provided to be made by it and fund its participations required to be funded by it hereunder, regardless of the failure of any other
Lender to fulfill any of its Commitments hereunder. Nothing herein and no subsequent termination of the Commitments pursuant to Section 2.14 shall be deemed to relieve any Lender from its obligation to fulfill its commitments hereunder
and in existence from time to time or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder. 

  
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 (b) Borrowings Pro Rata. Except with respect to the making of Swing Loans by the
Swing Line Lender, all Loans hereunder shall be made as follows: all Revolving Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving
Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued. 

(c) Notice to Lenders. The Administrative Agent shall promptly give each Lender, as applicable, written notice (or telephonic notice
promptly confirmed in writing) of each proposed Borrowing, or Conversion or Continuation thereof, and LC Issuance, and of such Lender’s proportionate share thereof or participation therein and of the other matters covered by the Notice of
Borrowing, Notice of Continuation or Conversion, or LC Request, as the case may be, relating thereto. 
 (d) Funding of Loans. 

(i) Loans Generally. No later than 2:00 p.m. (Local Time) on the date specified in each Notice of Borrowing, each Lender will make
available its amount, if any, of each Borrowing requested to be made on such date to the Administrative Agent at the Payment Office in U.S. Dollars and in immediately available funds and the Administrative Agent promptly will make available to the
applicable Borrower by depositing to its account at the Payment Office (or such other account as the applicable Borrower shall specify) the aggregate of the amounts so made available in the type of funds received. 

(ii) Swing Loans. No later than 3:00 p.m. (Local Time), on the date specified in each Notice of Borrowing, the Swing Line Lender will
make available to the applicable Borrower by depositing to its account at the Payment Office (or such other account as the applicable Borrower shall specify) the aggregate of Swing Loans requested in such Notice of Borrowing. 

(e) Advance Funding. Unless the Administrative Agent shall have been notified by any Lender prior to the applicable time in accordance
with Section 2.08(a) on the date of Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that
such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the
applicable Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made the same available to the applicable Borrower, the Administrative
Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the
Borrower, and the Borrower shall promptly pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower, as the case may be, interest on such corresponding
amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent at a rate per annum equal to
(i) if paid by such Lender, the overnight Federal Funds Effective Rate or (ii) if paid by the applicable Borrower, the then applicable rate of interest, calculated in accordance with Section 2.11, for the respective Loans (but
without any requirement to pay any amounts in respect thereof pursuant to Section 3.04). If the Borrower and such Lender shall each pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative
Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make
such payment to the Administrative Agent. 
 Section 2.10 Evidence of Obligations. 

(a) Loan Accounts of Lenders. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the
Obligations of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

  
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 (b) Loan Accounts of Administrative Agent; Lender Register. The Administrative Agent
shall maintain accounts in which it shall record: (i) the amount of each Loan and Borrowing made hereunder, the Type thereof, the Interest Period and applicable interest rate and, in the case of a Swing Loan, the Swing Loan Maturity Date
applicable thereto; (ii) the amount and other details with respect to each Letter of Credit issued hereunder; (iii) the amount of any principal due and payable or to become due and payable from the Borrower to each Lender hereunder;
(iv) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof; and (v) the other details relating to the Loans, Letters of Credit and other Obligations. In
addition, the Administrative Agent shall maintain at one of its offices a copy of each Assignment Agreement delivered to it and a register (the “Lender Register”) for the recordation of the names and addresses of the Lenders, and
the Commitments of, and principal, premium, interest and fees amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time. The Administrative Agent will make the Lender Register available to any Lender (solely with
respect to its own Loans or Commitments) or the Borrower upon its reasonable request. The entries in the Lender Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent, and each Lender shall treat each Person
whose name is recorded in the Lender Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, absent manifest error or actual notice to the contrary. 

(c) Effect of Loan Accounts, etc. The entries made in the accounts maintained pursuant to Section 2.10(b) shall be prima
facie evidence of the existence and amounts of the Obligations recorded therein; provided that the failure of the Administrative Agent to maintain such accounts or any error (other than manifest error) therein shall not in any manner
affect the obligation of any Loan Party to repay or prepay the Loans or the other Obligations in accordance with the terms of this Agreement. 

(d) Notes. Promptly following the request of any Lender or the Swing Line Lender, the Borrower will execute and deliver to such Lender
or the Swing Line Lender, as the case may be, (i) a Revolving Facility Note with blanks appropriately completed in conformity herewith to evidence the Borrower’s joint and several obligation to pay the principal of, and interest on, the
Revolving Loans made to them by such Lender and (ii) a Swing Line Note with blanks appropriately completed in conformity herewith to evidence the Borrower’s obligation to pay the principal of, and interest on, the Swing Loans made to them
by the Swing Line Lender; provided, however, that the decision of any Lender or the Swing Line Lender to not request a Note shall in no way detract from the Borrower’s joint and several obligation to repay the Loans and other
amounts owing by the Borrower to such Lender or the Swing Line Lender. 
 Section 2.11 Interest; Default Rate. 

(a) Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a
fluctuating rate per annum and shall be payable in U.S. Dollars and shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in
effect from time to time and (ii) during such periods as such Revolving Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Revolving Loan
Margin in effect from time to time. 
 (b) Interest on Swing Loans. The outstanding principal amount of each Swing Loan shall bear
interest from the date of the Borrowing at a rate equal to the Base Rate plus the Applicable Revolving Loan Margin for Base Rate Loans in effect from time to time. 

(c) Default Interest. Notwithstanding the above provisions, if a Specified Event of Default has occurred and is continuing, upon written
notice by the Administrative Agent (which notice the Administrative Agent may give in its discretion and shall give at the direction of the Required Lenders), the overdue principal amount of any Loans and, to the extent permitted by applicable law,
all overdue interest in respect of each Loan, and all overdue fees or other overdue amounts owed in respect of the Obligations hereunder shall thereafter bear interest (including post-petition interest in any proceeding under the Code or other
applicable Debtor Relief Law) payable on demand, at a rate per annum equal to the Default Rate. 

  
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 (d) Accrual and Payment of Interest. Interest shall accrue from and including the
date of any Borrowing to but excluding the date of any prepayment or repayment thereof and shall be payable by the Borrower on a joint and 
 several basis:
(i) in respect of each Base Rate Loan, quarterly in arrears on the last Business Day of each March, June, September and December (ii) in respect of each Eurodollar Loan, on the last day of each Interest Period applicable thereto and, in
the case of an Interest Period in excess of three months, on the dates that are successively three months after the commencement of such Interest Period; (iii) in respect of any Swing Loan, on the Swing Loan Maturity Date applicable thereto;
and (iv) in respect of all Loans, other than Revolving Loans accruing interest at the Base Rate, on any repayment, prepayment or Conversion (on the amount repaid, prepaid or Converted), at maturity (whether by acceleration or otherwise), and,
after such maturity or, in the case of any interest payable pursuant to Section 2.11(c), on demand. 
 (e) Computations of
Interest. Except as provided in the next succeeding sentence, all computations of interest on any Loans hereunder shall be made on the actual number of days elapsed over a year of 360 days. All computations of interest on Base Rate Loans and
Unpaid Drawings hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable. 
 (f)
Information as to Interest Rates. The Administrative Agent, upon determining the interest rate for any Borrowing, shall promptly notify the Borrower and the Lenders thereof. Any such determination by the Administrative Agent shall be
conclusive and binding absent manifest error. 
 (g) Inability to Determine Interest Rates. 

(i) If, prior to the commencement of any Interest Period for any Eurodollar Borrowing: 

(x) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower) that, by reason of
circumstances affecting the relevant interbank market, adequate and reasonable means do not exist for ascertaining the Adjusted Eurodollar Rate (including, without limitation, because the Screen Rate is not available or published on a current basis)
for such Interest Period, provided that no Benchmark Transition Event or Early Opt-In Election shall have occurred at such time or for such
Interest Period, oror 

(y) the Administrative Agent shall have received notice from the Required Lenders that the Adjusted Eurodollar Rate for such Interest Period
will not adequately and fairly reflect the cost to such Lenders of making, funding or maintaining their Eurodollar Loans for such Interest Period, 
 then
the Administrative Agent shall give written notice thereof (or telephonic notice, promptly confirmed in writing) to the Borrower and to the Lenders as soon as practicable thereafter. Until the Administrative Agent shall notify the Borrower and the
Lenders that the circumstances giving rise to such notice no longer exist, (i) the obligations of the Lenders to make Eurodollar Loans or to continue or convert outstanding Loans as or into Eurodollar Loans shall be suspended and (ii) all
such affected Loans shall be converted into Base Rate Loans on the last day of the then current Interest Period applicable thereto unless the Borrower prepays such Loans in accordance with this Agreement. Unless the Borrower notifies the
Administrative Agent at least one (1) Business Day before the date of any Eurodollar Borrowing for which a Notice of Borrowing has previously been given that it elects not to borrow, continue or convert to a Eurodollar Borrowing on such date,
then such Borrowing shall be made as, continued as or converted into a Base Rate Borrowing. 
 (ii) Notwithstanding anything to the contrary
herein or in any other Loan Document, upon the occurrence
ofif a Benchmark Transition Event or an Early
Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the Screen Rate with a Benchmark Replacement. Any
such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m.and its
related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the
definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent
Benchmark settings without any amendment to, or further action or consent of  

  
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any other party to, this Agreement or any other Loan Document and
(y) if a Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes
hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted
suchdate notice of such Benchmark Replacement is
proposvid
ed to the Lenders without any amendment to all Lenders and the Borrower, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such
amendmentBenchmark
 Replacement from Lenders comprising the Required Lenders of each Class. Any such amendment with respect to
an Early Opt-in Election will become effective on the date that Lenders comprising the Required Lenders of each Class have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement of the Screen Rate with a Benchmark
Replacement pursuant to these provisions will occur prior to the applicable Benchmark Transition Start Date.. 

(iii)
Notwithstanding anything to the contrary herein or in any other Loan Document and subject to the proviso
below in this paragraph, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the applicable Benchmark Replacement will
replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this
Agreement or any other Loan Document; provided that this clause (iii) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR Notice.

 (iiiiv) In connection with the implementation of a Benchmark Replacement,
the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark
Replacement Conforming Changes will become effective without any further action or consent of any other party to this
Agreement or any other Loan Document. 

(ivv) The Administrative Agent will promptly notify the Borrower and the
Lenders of
(i1) any occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark
Transition Start Date, (ii2) the implementation of any Benchmark Replacement, (iii3) the effectiveness of any Benchmark Replacement Conforming Changes,
(4) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (vi) below and
(iv5
) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.11(g)(ii)-(g)(v), including any determination with respect to a tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or
any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party heretoto this Agreement or
any other Loan Document, except, in each case, as expressly required pursuant to this
Section 2.11(g)(ii)-(g)(v). 

(vi)
Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in
connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or the Adjusted Eurodollar Rate) and either (A) any tenor for such Benchmark is not displayed on a screen
or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public
statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings at or
after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark
(including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark
settings at or after such time to reinstate such previously removed tenor. 

  
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(vvii) Upon the Borrower’s receipt of notice of the commencement of a
Benchmark Unavailability Period, the Borrower may revoke any request for a Eurodollar Borrowing of, conversion to or continuation of Eurodollar Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that,
the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Base Rate based upon the Adjusted Eurodollar Ratethen-current Benchmark or such tenor for such Benchmark, as applicable,
will not be used in any determination of Base Rate. 
 Section 2.12 Conversion and Continuation of Loans. 

(a) Conversion and Continuation of Revolving Loans. The Borrower shall have the right, subject to the terms and conditions of this
Agreement, to (i) Convert all or a portion of the outstanding principal amount of Borrowings of one Type made to it into a Borrowing or Borrowings of another Type that can be made to it pursuant to this Agreement and (ii) Continue a
Borrowing of Eurodollar Loans at the end of the applicable Interest Period as a new Borrowing of Eurodollar Loans with a new Interest Period; provided, however, that if any Conversion of Eurodollar Loans into Base Rate Loans shall be
made on a day other than the last day of an Interest Period for such Eurodollar Loans, the applicable Borrower shall compensate each Lender for any breakage costs, if applicable, in accordance with the provisions of Section 3.04 hereof.

 (b) Notice of Continuation and Conversion. Each Continuation or Conversion of a Loan shall be made upon notice in the form provided
for below provided by the Borrower to the Administrative Agent at its Notice Office not later than (i) in the case of each Continuation or Conversion of a Eurodollar Loan, 11:00 a.m. (Local Time) at least three (3) Business Days’
prior to the date of such Continuation or Conversion and (ii) in the case of each Continuation or Conversion of a Base Rate Loan, prior to 11:00 a.m. (Local Time) on the proposed date of such Continuation or Conversion. Each such request shall
be made by an Responsible Officer of the Borrower delivering written notice of such request substantially in the form of Exhibit L hereto (each such notice, a “Notice of Continuation or Conversion”) or by telephone (to be
confirmed immediately in writing by delivery by an Responsible Officer of the Borrower of a Notice of Continuation or Conversion), and in any event each such request shall be irrevocable and shall specify (A) the Borrowings to be Continued or
Converted, (B) the date of the Continuation or Conversion (which shall be a Business Day), and (C) the Interest Period or, in the case of a Continuation, the new Interest Period. Without in any way limiting the obligation of the Borrower
to confirm in writing any telephonic notice permitted to be given hereunder, the Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Administrative Agent in
good faith to be from an Responsible Officer of the applicable Borrower entitled to give telephonic notices under this Agreement on behalf of the applicable Borrower. In each such case, the Administrative Agent’s record of the terms of such
telephonic notice shall be conclusive absent manifest error. 
 (c) Base Rate Loans may only be converted into Eurodollar Loans having an
Interest Period of one (1) month if an Event of Default is in existence on the date of the conversion and the Administrative Agent has, or the Required Lenders have, determined in its or their sole discretion not to permit a conversion to any
longer Interest Period. 
 (d) No partial conversion of Eurodollar Loans shall reduce the outstanding principal amount of Eurodollar Loans
made pursuant to a single Borrowing to less than the Minimum Borrowing Amount. 
 (e) Eurodollar Loans may only be continued as Eurodollar
Loans having an Interest Period of one (1) month if an Event of Default is in existence on the date of the proposed continuation and the Administrative Agent has, or the Required Lenders have, determined in its or their sole discretion not to
permit a continuation having a longer Interest Period. 

  
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 (f) Borrowings resulting from conversions pursuant to this Section 2.12 shall be
limited in number as provided in Section 2.08. 
 (g) If upon the expiration of any Interest Period in respect of Eurodollar
Loans the Borrower has failed to elect a new Interest Period to be applicable thereto as provided in Section 2.08, the Borrower shall be deemed to have elected to convert such Borrowing of Eurodollar Loans into a Borrowing of Eurodollar
Loans with an Interest Period of one (1) month, effective as of the expiration date of such current Interest Period. 

Section 2.13 Fees. 
 (a)
Commitment Fees. The Borrower agrees to pay to the Administrative Agent, for the ratable benefit of each Lender based upon each such Lender’s Revolving Facility Percentage, as consideration for the Revolving Commitments of the Lenders,
commitment fees in Dollars (the “Commitment Fees”) for the period from the Amendment No. 34 Effective Date to, but not including, the Revolving Facility
Termination Date applicable to each Class of Revolving Commitments, computed for each day at a rate per annum equal to (i) the Applicable Commitment Fee Rate times (ii) the Unused Total Revolving Commitment in effect on such day;
provided that, for the purposes of this provision, the Revolving Commitment of any Lender shall be deemed to be zero if such Lender would be a Defaulting Lender pursuant to clause (b) of the definition thereof, and the Required
Lenders have not confirmed such determination in writing. Accrued Commitment Fees shall be due and payable in arrears on the last Business Day of each March, June, September and December and on the Revolving Facility Termination Date applicable to
each Class of Revolving Commitments. 
 (b) LC Fees. 

(i) Standby Letters of Credit. The Borrower agrees to pay to the Administrative Agent, for the ratable benefit of each Lender with a
Revolving Commitment based upon each such Lender’s Revolving Facility Percentage, a fee in respect of each Letter of Credit issued hereunder that is a Standby Letter of Credit, to be paid in U.S. Dollars, for the period from the date of
issuance of such Letter of Credit until the expiration date thereof (including any extensions of such expiration date that may be made at the election of the account party or the LC Issuer), computed for each day at a rate per annum equal to
(A) the Applicable Revolving Loan Margin for Revolving Loans that are Eurodollar Loans in effect on such day times (B) the Stated Amount of such Letter of Credit on such day. The foregoing fees shall be payable quarterly in arrears on the
last Business Day of each March, June, September and December and on the Revolving Facility Termination Date applicable to each Class of Revolving Commitments. 

(ii) Commercial Letters of Credit. The Borrower agrees to pay to the Administrative Agent for the ratable benefit of each Lender based
upon each such Lender’s Revolving Facility Percentage, a fee in respect of each Letter of Credit issued hereunder that is a Commercial Letter of Credit to be paid in U.S. Dollars in an amount equal to (A) the Applicable Revolving Loan
Margin for Revolving Loans that are Eurodollar Loans in effect on the date of issuance times (B) the Stated Amount of such Letter of Credit. The foregoing fees shall be payable quarterly in arrears on the last Business Day of each March,
June, September and December and on the Revolving Facility Termination Date applicable to each Class of Revolving Commitments. 
 (c)
Fronting Fees. The Borrower agrees to pay quarterly in arrears directly to each LC Issuer, for its own account, a fee in respect of each Standby Letter of Credit issued by such LC Issuer, to be paid in U.S. Dollars, at a rate of
0.125% per annum, on the Stated Amount thereof for the period from the date of issuance (or increase, renewal or extension) to the expiration date thereof (including any extensions of such expiration date which may be made at the
election of the beneficiary thereof). 
 (d) Additional Charges of LC Issuer. The Borrower agrees to pay in Dollars directly to each
LC Issuer upon each LC Issuance, drawing under, or amendment, extension, renewal or transfer of, a Letter of Credit issued by it such amount as shall at the time of such LC Issuance, drawing under, amendment, extension, renewal or transfer be the
processing charge that such LC Issuer is customarily charging for issuances of, drawings under or amendments, extensions, renewals or transfers of, letters of credit issued by it. 

  
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 (e) Administrative Agent Fees. The Borrower shall pay to the Administrative Agent, on
the Closing Date and thereafter, for its own account, the fees payable to the Administrative Agent set forth in the Fee Letter. 
 (f)
Computations and Determination of Fees. All computations of Commitment Fees, LC Fees and other Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days. 

Section 2.14 Termination and Reduction of Revolving Commitments. 

(a) Mandatory Termination of Revolving Commitments. Each applicable Class of Revolving Commitments shall terminate on the Revolving
Facility Termination Date applicable to such Class of Revolving Commitments. 
 (b) Voluntary Termination of the Total Revolving
Commitment. Upon at least two (2) Business Days’ (or such shorter period as the Administrative Agent may in its discretion agree) prior written notice (or telephonic notice confirmed in writing within one (1) Business Day) to the
Administrative Agent at its Notice Office (which notice may be conditioned upon the occurrence of any other event and which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right to
terminate in whole the Total Revolving Commitment; provided that (i) all outstanding Revolving Loans and Unpaid Drawings are contemporaneously prepaid in accordance with Section 2.15 and (ii) either (A) there are no
outstanding Letters of Credit or (B) the Borrower shall contemporaneously cause all outstanding Letters of Credit to be surrendered for cancellation (any such Letters of Credit to be replaced by letters of credit issued by other financial
institutions (which are not LC Issuers under this Agreement) acceptable to each LC Issuer and the Revolving Lenders) or shall Cash Collateralize all LC Outstandings. 

(c) Partial Reduction of Total Revolving Commitment. Upon at least two (2) Business Days’ (or such shorter period as the
Administrative Agent may in its discretion agree) prior written notice (or telephonic notice confirmed in writing within one (1) Business Day) to the Administrative Agent at its Notice Office (which notice may be conditioned upon the closing of
any other event which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right to partially and permanently reduce the Unused Total Revolving Commitment of any Class; provided,
however, that (i) any such reduction shall apply to proportionately (based on each Lender’s Revolving Facility Percentage within each applicable Class) and permanently reduce the Revolving Commitment of each Lender with respect to
each applicable Class, (ii) such reduction shall apply to proportionately and permanently reduce the LC Commitment Amount, but only to the extent that the Unused Total Revolving Commitment would be reduced below any such limits, (iii) no
such reduction shall be permitted if the Borrower would be required to make a mandatory prepayment of Loans pursuant to Section 2.15(c)(ii) or (iii) unless, substantially concurrently with such reduction the Borrower makes
such mandatory prepayment and (iv) any partial reduction pursuant to this Section 2.14 shall be in the amount of at least $500,000 (or, if greater, in integral multiples of $250,000). 

Section 2.15 Voluntary and Mandatory Prepayments of Loans. 

(a) Voluntary Prepayments. The Borrower shall have the right to prepay any of the Loans of any Class, in whole or in part, without
premium or penalty, except as specified in subsection (e) below, from time to time. The Borrower shall give the Administrative Agent written or telephonic notice (in the case of telephonic notice, promptly confirmed in writing if so
requested by the Administrative Agent) at the Notice Office of its intent to prepay the Loans of any Class, the amount of such prepayment and (in the case of Eurodollar Loans) the specific Borrowing(s) pursuant to which the prepayment is to be made,
which notice shall be received by the Administrative Agent by (y) noon (Local Time) two (2) Business Days prior to the date of such prepayment with respect to prepayments of Eurodollar Loans or (z) noon (Local Time) on the date of
such prepayment, in the case of any prepayment of Base Rate Loans, and which notice shall promptly be transmitted by the Administrative Agent to each of the affected Lenders; provided that: 

(i) each partial prepayment shall be in an aggregate principal amount of at least (A) in the case of any prepayment of a
Eurodollar Loan, $500,000 (or, if less, the full amount of such Borrowing), or an integral multiple of $250,000 (B) in the case of any prepayment of a Base Rate Loan, $250,000 (or, if less, the full amount of such Borrowing), or an integral
multiple of $100,000 and (C) in the case of any prepayment of a Swing Loan, in the full amount thereof; 

  
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 (ii) no partial prepayment of any Loans made pursuant to a Borrowing shall
reduce the aggregate principal amount of such Loans outstanding pursuant to such Borrowing to an amount less than the Minimum Borrowing Amount applicable thereto; and 

(iii) the Borrower may designate that any Class be repaid. 

(b) [Reserved]. 
 (c)
Mandatory Payments. The Loans shall be subject to mandatory repayment or prepayment (in the case of any partial prepayment conforming to the requirements as to the amounts of partial prepayments set forth in Section 2.15(a) above)
and the LC Outstandings shall be subject to cash collateralization requirements in accordance with the following provisions: 

(i) Revolving Facility Termination Date. The entire principal amount of all outstanding Revolving Loans in respect of
any Class of Revolving Commitments shall be repaid in full on the Revolving Facility Termination Date applicable to such Class of Revolving Commitments. 

(ii) Loans Exceed the Commitments. Except for Protective Advances and Overadvance Loans permitted under
Section 2.03, if on any date (after giving effect to any other payments on such date) the Aggregate Credit Facility Exposure exceeds the Maximum Borrowing Amount, then, in the case of each of the foregoing, the Borrower shall, before
noon on the second Business Day following such date, prepay the principal amount of Loans and, after Loans have been paid in full, Unpaid Drawings, in an aggregate amount at least equal to such excess. 

(iii) LC Outstandings Exceed LC Commitment. If on any date the LC Outstandings exceed the LC Commitment Amount, then
the Borrower shall, before noon on the second Business Day following such date, Cash Collateralize any LC Outstandings that have not previously been Cash Collateralized, to the extent of such excess. 

(d) Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans made or required by this
Section 2.15, the Borrower shall designate the Types of Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made. In the absence of a designation by the applicable
Borrower as described in the preceding sentence, the Administrative Agent shall make such designation in its sole discretion in order to minimize breakage costs owing under Article III. 

(e) Breakage and Other Compensation. Any prepayment made pursuant to this Section 2.15 shall be accompanied by any amounts
payable in respect thereof under Section 3.04 hereof. 
 Section 2.16 Method and Place of Payment. 

(a) Generally. All payments made by the Borrower hereunder under any Note or any other Loan Document shall be made without setoff,
counterclaim or other defense. 
 (b) Application of Payments. Except as specifically set forth elsewhere in this Agreement and
subject to Section 8.03, (i) all payments and prepayments of any Class of Revolving Loans and Unpaid Drawings with respect to Letters of Credit shall be applied by the Administrative Agent on a pro rata basis based upon each
Lender’s Revolving Facility Percentage with respect to any applicable Class of the amount of such prepayment and (ii) all payments or prepayments of Swing Loans shall be applied by the Administrative Agent to pay or prepay such Swing
Loans. 

  
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 (c) Payment of Obligations. Except as specifically set forth elsewhere in this Agreement,
all payments under this Agreement with respect to any of the Obligations shall be made to the Administrative Agent on the date when due and shall be made at the Payment Office in immediately available funds and shall be made in U.S. Dollars. 

(d) Timing of Payments. Any payments under this Agreement that are made later than 3:00 p.m. (New York City time), or, in the case of any
payments made in connection with the termination of any Class of Commitments hereunder, 5:00 p.m. (New York City time), shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated
to be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect
immediately prior to such extension. 
 (e) Distribution to Lenders. Upon the Administrative Agent’s receipt of payments hereunder, the
Administrative Agent shall immediately distribute to each Lender or the applicable LC Issuer, as the case may be, its ratable share, if any, of the amount of principal, interest, and Fees received by it for the account of such Lender. Payments
received by the Administrative Agent shall be delivered to the Lenders or the applicable LC Issuer, as the case may be, in Dollars in immediately available funds; provided, however, that if at any time insufficient funds are received
by and available to the Administrative Agent to pay fully all amounts of principal, Unpaid Drawings, interest and Fees then due hereunder then, except as specifically set forth elsewhere in this Agreement and subject to Section 8.03,
such funds shall be applied, first, towards payment of interest and Fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and Fees then due to such parties, and second, towards
payment of principal and Unpaid Drawings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and Unpaid Drawings then due to such parties. 

Section 2.17 Defaulting Lenders. 

(a) Defaulting Lender 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.” 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 2.17 or 11.03 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 any LC Issuer or Swing Line Lender hereunder; third, to Cash Collateralize the LC Issuers’ Fronting Exposure with respect to
such Defaulting Lender in accordance with Section 2.17(a)(iv); fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has
failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so reasonably determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro
rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the LC Issuers’ future Fronting Exposure with respect to such
Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.17(a)(iv); sixth, to the payment of any amounts owing to the Lenders, the LC Issuers or Swing Line Lenders as a
result of any judgment of a court of competent jurisdiction obtained by any Lender, the LC Issuers or Swing Line Lenders against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement;
seventh, so long as no Event of Default exists, to the payment of any amounts owing to the Borrower or any Restricted Subsidiaries thereof pursuant to any Hedge Agreement with such Defaulting Lender or any Affiliate thereof as certified to
the Administrative Agent (with a copy to 

  
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such Defaulting Lender) by an Responsible Officer prior to the date of such payment; eighth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the
Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and ninth, 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 LC Outstandings in respect of which such Defaulting Lender has not
fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to
pay the Loans of, and LC Outstandings owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Outstandings owed to, such Defaulting Lender until such time as all Loans and funded and
unfunded participations in LC Outstandings and Swing Loans are held by the Lenders pro rata in accordance with the Commitments under the applicable Facility without giving effect to Section 2.17(a)(iii). Any payments, prepayments or
other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.17(a)(ii) shall be deemed paid to and redirected by such
Defaulting Lender, and each Lender irrevocably consents hereto. 
 (A) Certain Fees. No Defaulting Lender shall be
entitled to receive any Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

 (B) Each Defaulting Lender shall be entitled to receive LC Fees for any period during which that Lender is a Defaulting
Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.17(a)(iv). 

(C) With respect to any Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or
(B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in LC Outstandings or Swing
Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each LC Issuer and Swing Line Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to
the extent allocable to such LC Issuer’s or Swing Line Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

(iii) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s
participation in LC Outstandings and Swing Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the
extent that such reallocation does not cause the aggregate Revolving Facility Exposure of any Non-Defaulting Lender plus such Non-Defaulting Lender’s Applicable Percentage of the principal amount of Swing Loans outstanding to exceed such
Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.30, 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. 

(iv) Cash Collateral, Repayment of Swing Loans. If the reallocation described in clause (iii) above cannot, or can
only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to them hereunder or under law, (x) first, prepay Swing Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and
(y) second, Cash Collateralize the LC Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.17(a)(iv). 

  
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 (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent and each Swing
Line Lender and LC Issuer reasonably 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 reasonable 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 reasonably determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Loans to be held pro rata by the Lenders in accordance with the Commitments under
the applicable Facility (without giving effect to Section 2.17(a)(iii)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments
made by or on behalf of the Borrower while that Lender was a Defaulting Lender; provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 (c)
New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Loans unless it is reasonably satisfied that it will have no Fronting Exposure after
giving effect to such Swing Loan and (ii) no LC Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto. 

Section 2.18 Revolving Commitment Increases. 

(a) Borrower shall have the right, but not the obligation, after the Closing Date, upon notice to the Administrative Agent (an
“Commitment Increase Notice”), to request an increase in the aggregate commitments under the Initial Revolving Facility (which may, at the election of Borrower, include a proportionate increase to the LC Commitment Amount and, with
the consent of the Swing Line Lender, the Swing Line Commitment) (each, a “Revolving Commitment Increase”, and the loans thereunder, “Incremental Revolving Loans;” the facility in connection therewith a
“Incremental Revolving Facility”) by an aggregate amount of up to the greater of $500,000,000 and 50.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; provided that (i) no commitment of
any Lender may be increased without the consent of such Lender, (ii) no Event of Default then exists or would result immediately after giving effect thereto (other than in connection with a Limited Condition Acquisition), (iii) the
Incremental Revolving Loans (A) shall be guaranteed by the Guarantors and shall rank pari passu in right of (1) priority with respect to the Collateral and (2) payment with respect to the Obligations in respect of the
Commitments in effect prior to the Revolving Commitment Increase and (B) shall be on terms and pursuant to the documentation applicable to the existing Commitments or otherwise acceptable to the Administrative Agent (it being understood that
terms not substantially identical to the Revolving Facility which are applicable only after the then-existing Revolving Facility Termination Date are acceptable); provided that the Applicable Revolving Loan Margin relating to the Incremental
Revolving Loans may be less than, the same or exceed the Applicable Revolving Loan Margin relating to the Commitments in effect prior to the Closing Date of the Revolving Commitment Increase so long as, in the event that the Effective Yield for such
Incremental Revolving Loans is greater than the Effective Yield applicable to all Revolving Loans immediately prior to the effective date of the Revolving Commitment Increase by more than 0.50% per annum, then the Effective Yield for such
Revolving Loans shall be increased to the extent necessary so that the Effective Yield for such Revolving Loans is equal to the Effective Yield for such Incremental Revolving Loans minus 0.50% per annum, and (iv) the Revolving Commitment
Increase shall be requested in minimum amounts of $15,000,000 or a higher multiple of $1,000,000. The proceeds of each Revolving Commitment Increase may be used for any transaction permitted under this Agreement. Any Revolving Commitment Increase
may be denominated in U.S. Dollars. Each Commitment Increase Notice shall set forth (i) the amount of the Revolving Commitment Increase being requested and (ii) the date on which such Revolving Commitment Increase is requested to become
effective. 
 (b) The Borrower may seek a Revolving Commitment Increase from existing Lenders (each of which shall be entitled to agree or
decline to participate in its sole discretion) and additional banks, financial institutions and other institutional lenders who will become Incremental Revolving Credit Lenders, as applicable, in connection therewith. The Borrower, each Incremental
Revolving Credit Lender and the Administrative Agent and, the Swing Line Lender and each LC Issuer, to the extent their consent would be required under Section 11.12(b) for an 

  
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assignment of Loans or Commitments, as applicable, to such Additional Lender, shall execute and deliver an Incremental Revolving Credit Assumption Agreement having terms and conditions consistent
with the terms of this Section 2.18. Each Incremental Revolving Credit Assumption Agreement shall specify the terms of the Incremental Revolving Loans to be made thereunder, consistent with the provisions set forth in
Section 2.18(a). The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Revolving Credit Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any
Incremental Revolving Credit Assumption Agreement, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Revolving Commitment Increase, as applicable, or otherwise to effect the
provisions of this Section 2.18, notwithstanding any requirements of Section 11.12. Any such deemed amendment may be memorialized in writing by the Administrative Agent and the Borrower and furnished to the other parties
hereto. 
 (c) Upon the effectiveness of any Revolving Commitment Increase entered into pursuant to this Section 2.18, each
Lender with a Revolving Commitment of such Class immediately prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the Incremental Revolving Facility (each, an
“Incremental Revolving Facility Lender”) in respect of such increase, and each such Incremental Revolving Facility Lender will automatically and without further act be deemed to have assumed, a portion of such Lender’s
participations hereunder in outstanding Letters of Credit and Swing Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (A) participations hereunder
in Letters of Credit and (B) participations hereunder in Swing Loans held by each Lender with a Revolving Commitment of such Class (including each such Incremental Revolving Facility Lender) will equal the percentage of the aggregate Revolving
Commitments of such Class of all Lenders represented by such Lender’s Revolving Commitment of such Class. If, on the date of such increase, there are any Revolving Loans of such Class outstanding, such Revolving Loans shall on or prior to the
effectiveness of such Incremental Revolving Facility be prepaid from the proceeds of additional Revolving Loans made hereunder (reflecting such increase in Revolving Commitments of such Class), which prepayment shall be accompanied by accrued
interest on the Revolving Loans of such Class being prepaid and any costs incurred by any Lender in accordance with Section 3.04. The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and
pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

(d) Upon the effectiveness of any Revolving Commitments Increase entered into pursuant to this Section 2.18, each Lender with a
Revolving Commitment immediately prior to the providing of such Incremental Revolving Facility will automatically and without further act be deemed to have assigned to each Lender providing a portion of such Incremental Revolving Facility in respect
of such provision, and each such Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving Lender’s participations hereunder in outstanding Letters of Credit and Swing Loans such that, after giving
effect to such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (x) participations hereunder in Letters of Credit and (y) participations hereunder in Swing Loans held by each Lender with a
Revolving Commitment and each Lender with an Incremental Revolving Facility will equal the percentage of the aggregate Revolving Commitments and aggregate commitments under the Incremental Revolving Facilities of all Lenders represented by such
Lender’s Revolving Commitment and such Lender’s commitment under the Incremental Revolving Facility, as applicable. If, on the date of the providing of such Incremental Revolving Facility, there are any Revolving Loans outstanding, such
Revolving Loans shall, on or prior to the effectiveness of such Incremental Revolving Facility, be prepaid from the proceeds of the Incremental Revolving Loans made hereunder (reflecting such commitments under the Incremental Revolving Facility),
which prepayment shall be accompanied by accrued and unpaid interest on the Revolving Loans being prepaid and any costs incurred by any Lender in accordance with Section 3.04. The Administrative Agent and the Lenders hereby agree that
the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

(e) Notwithstanding the foregoing, the effectiveness of any Revolving Commitment Increase under this Section 2.18 shall be subject
to the satisfaction of the conditions, including the terms of Section 11.31, as agreed between the lenders providing such Revolving Commitment Increase and the Borrower and, to the extent reasonably requested by the Administrative Agent,
receipt by the Administrative Agent of legal opinions, board resolutions, officer’s certificates and/or reaffirmation agreements consistent with those delivered on the Closing Date under Section 4.01 (other than changes to such
legal opinions resulting from a change in law, change in fact or change to counsel’s form of opinion utilized generally in connection with similar credit facilities). 

  
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 (f) Notwithstanding anything to the contrary in this Section 2.18, the Revolving
Commitment Increase may be in the form of a separate “first-in, last out” tranche (the “FILO Tranche”) with a separate borrowing base against the Borrowing Base Assets and interest rate margins in each case to be agreed
upon (which, for the avoidance of doubt, shall not require any adjustment to the Applicable Margin of other Loans pursuant to clause (a) above) among the Borrower, the Administrative Agent and the Lenders providing the FILO Tranche so long as
(1) any loans under the FILO Tranche may not be guaranteed by any Subsidiaries of the Borrower other than the Guarantors; (2) if the FILO Tranche availability exceeds $0, any Revolving Borrowing thereafter requested shall be made under the
FILO Tranche until the FILO Tranche availability no longer exceeds $0; (3) the Borrower may not prepay Revolving Credit Loans under the FILO Tranche or terminate or reduce the commitments in respect thereof at any time that other Loans and/or
Reimbursement Obligations (unless cash collateralized or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent) are outstanding; (4) the Required Lenders (calculated as including Lenders under any Revolving
Commitment Increase) shall, subject to the terms of the ABL/Bond Intercreditor Agreement, control exercise of remedies in respect of the Collateral and (5) no changes affecting the priority status of the Loans (other than the FILO Tranche), on
the one hand, and the FILO Tranche, on the other hand, may be made without the consent of the Required Lenders (calculated as including Lenders under any Revolving Commitment Increase), other than such changes which affect only the FILO Tranche.

 (g) This Section 2.18 shall supersede any provisions in this Agreement to the contrary, including Sections 2.16 or
11.12. For the avoidance of doubt, any of the provisions of this Section 2.18 may be amended with the consent of the Required Lenders, the Administrative Agent and the Borrower. 

Section 2.19 Amend and Extend Transactions. 

(a) At any time after the Closing Date, the Borrower and any Lender (any such Lender, an “Extending Lender”) may agree, by
notice to the Administrative Agent for further distribution to the Lenders (each such notice, an “Extension Notice”), to extend (an “Extension”) the maturity date of such Lender’s Revolving Commitments of a
Class (which term, for purposes of this provision, shall also include any Class of Revolving Commitments outstanding hereunder pursuant to a previous amend and extend transaction pursuant to the terms of this Section 2.19, any Class of
Incremental Revolving Loans or any commitments under any Incremental Revolving Facility (the “Existing Revolving Commitment Class,” the Revolving Loans thereunder, the “Existing Revolving Loans” and the Revolving
Commitments thereunder, the “Existing Revolving Commitments”) to the extended maturity date specified in such Extension Notice and Extension Amendment (each tranche of Revolving Commitments so extended, in each case as well as the
original Revolving Commitments not so extended, being deemed a separate Class; any Extended Revolving Credit Commitments shall constitute a separate Class of Revolving Commitments from the Class of Revolving Commitments from which they were
converted and any Class of Revolving Commitments the maturity of which shall have been extended pursuant to this Section 2.19, “Extended Revolving Credit Commitments”); provided, that (i) the Borrower shall
have offered to all Lenders under the applicable Credit Facility that is the subject of the proposed Extension the opportunity to participate in such Extension on a pro rata basis and on the same terms and conditions to each such Lender (each such
offer, an “Extension Offer”), (ii) except as to interest rates, rate floors, fees, original issue discounts, premiums, final maturity date (subject to the following clause (v), which shall be determined by the Borrower and set
forth in the applicable Extension Offer), the Extended Revolving Credit Commitments shall have the same terms as the Class or Class of Revolving Commitments that was the subject of the Extension Notice; provided that the Extension Offer
and/or Extension Amendment may provide for other covenants and terms that apply to any period after the Latest Maturity Date then in effect, (iii) if the aggregate Revolving Commitments in respect of which Lenders shall have accepted the
relevant Extension Offer shall exceed the maximum aggregate principal amount of Revolving Commitments offered to be extended by the Borrower pursuant to such Extension Offer, then the Revolving Commitments of such Lenders shall be extended ratably
up to such maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with respect to which such Lenders have accepted such Extension Offer, (iv) all documentation in respect of such Extension Offer
(including any Extension Notice any amendment to this Agreement implementing the terms of such Extension Offer (each such amendment, an “Extension Amendment”)) shall be consistent with the foregoing, (v) the interest rates,
rate floors, fees, original issue discounts, 

  
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premiums, final maturity date and optional and mandatory prepayments (subject to the limitations set forth in clause (ii) of this Section 2.19) applicable to any Extended
Revolving Credit Commitments shall be determined by the Borrower and the lenders providing such Extended Revolving Credit Commitments, as applicable and (vi) all Borrowings under the applicable Revolving Commitments (i.e., the Existing
Revolving Commitment Class and the Extended Revolving Credit Commitments of the applicable Extension Series) and repayments thereunder shall be made on a pro rata basis (except for (I) payments of interest and fees at different rates on
Extended Revolving Credit Commitments (and related outstandings) and (II) repayments required upon the Maturity Date of the non-extending Revolving Commitments). In connection with any such Extension, the Borrower and the Administrative Agent, with
the approval of the Extending Lenders of the applicable Extension Series, may effect such amendments (including any Extension Amendment) to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of
the Administrative Agent and the Borrower, to implement the terms of any such Extension Offer, including any amendments necessary to establish new Classes, tranches or sub-tranches in respect of the Revolving Commitments so extended and such
technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such new tranches or sub-tranches (including to preserve the pro rata treatment of
the extended and non-extended tranches and to provide for the reallocation of LC Outstandings, Swing Loans and Swing Loan Participations upon the expiration or termination of the commitments under any tranche or sub-tranche), in each case on terms
not inconsistent with this Section 2.19. Any Extension of the Revolving Commitments shall require the consent of any LC Issuer and any Swing Line Lender to the extent that such Extension provides for issuance of Letters of Credit by such
LC Issuer or the Borrowing of Swing Loans from such Swing Lender at any time during such extended period. Notwithstanding the conversion of any Existing Revolving Commitment Class into an Extended Revolving Credit Commitment, such Extended Revolving
Credit Commitment shall be treated identically to the Existing Revolving Commitment Class of the applicable Extension Series for purposes of the obligations of a Revolving Lender in respect of Swing Loans under Section 2.04(a) and
Letters of Credit under Section 2.05, except that the applicable Extension Amendment may provide that the Swing Line Maturity Date and/or the last day for issuing Letters of Credit may be extended and the related obligations to make
Swing Loans and issue Letters of Credit may be continued (pursuant to mechanics to be specified in the applicable Extension Amendment) so long as the applicable Swing Line Lender and/or the applicable LC Issuer, as applicable, have consented to such
extensions (it being understood that no consent of any other Lender shall be required in connection with any such extension). 
 (b)
Notwithstanding anything to the contrary contained in this Agreement, (A) on any date on which any Existing Revolving Commitment Class is converted to extend the related scheduled maturity date(s) in accordance with paragraph (a) above (an
“Extension Date”), the Existing Revolving Commitments of each Extending Lender under the applicable Extension Series, the aggregate principal amount of such Existing Revolving Commitment Class shall be deemed reduced by an amount
equal to the aggregate principal amount of Extended Revolving Credit Commitments so converted by such Lender on such date, and the aggregate principal amount of such Extended Revolving Credit Commitments shall be established as a separate Class of
Revolving Commitments from the Existing Revolving Commitment Class of the applicable Extension Series and from any other Existing Revolving Commitment Classes (together with any other Extended Revolving Credit Commitments so established on such
date) and (B) if, on any Extension Date, any Existing Revolving Loans of any Extending Lender are outstanding under the Existing Revolving Commitment Class of the applicable Extension Series, such Existing Revolving Loans (and any related
participations) shall be deemed to be allocated as Extended Revolving Credit Loans (and related participations) in the same proportion as such Extending Lender’s commitment under the Existing Revolving Commitment Class of the applicable
Extension Series to Extended Revolving Credit Commitments. 
 (c) With respect to all Extensions consummated by the Borrower pursuant to this
Section 2.19, (i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for purposes of this Agreement, including Section 2.15 and (ii) any Extension Offer is required to be in a
minimum amount of $5,000,000. The Borrower may at its election specify as a condition (a “Minimum Extension Condition”) to consummating any such Extension that a minimum amount (to be determined and specified in the relevant Extension
Offer in the Borrower’s sole discretion and may be waived by the Borrower) of Revolving Commitments of any or all applicable tranches accept the applicable Extension Offer. 

(d) In connection with any Extension, the Borrower shall provide the Administrative Agent at least ten (10) Business Days’ (or such
shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably, to
accomplish the purposes of this Section 2.19. 

  
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 (e) Notwithstanding the foregoing, no Extension Amendment shall become effective under this
Section 2.19 unless the Administrative Agent shall have received (i) a customary legal opinion covering the enforceability of the Extension Amendment and other customary matters, (ii) customary reaffirmations and/or such
amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that the applicable Extended Revolving Credit Commitments are provided with the benefit of the applicable Loan Documents and
(iii) board resolutions and other closing certificates and documentation to the extent reasonably requested by the Administrative Agent. 

(f) In the event that the Administrative Agent determines in its sole discretion that the allocation of the Extended Revolving Credit
Commitments of a given Extension Series, in each case to a given Lender was incorrectly determined as a result of manifest administrative error, then the Administrative Agent, the Borrower and such affected Lender may (and hereby are authorized to),
in their sole discretion and without the consent of any other Lender, enter into an amendment to this Agreement and the other Loan Documents (each, a “Corrective Extension Amendment”) within 15 days following the effective date of
the applicable Extension Amendment, as the case may be, which Corrective Extension Amendment shall (i) provide for the conversion and extension of Existing Revolving Commitments (and related Revolving Facility Exposure), as the case may be, in
such amount as is required to cause such Lender to hold Extended Revolving Credit Commitments (and related Revolving Facility Exposure) of the applicable Extension Series into which such other Revolving Commitments were initially converted, as the
case may be, in the amount such Lender would have held had such administrative error not occurred and had such Lender received the minimum allocation of the applicable Loans or Commitments to which it was entitled under the terms of such Extension
Amendment, in the absence of such error, (ii) be subject to the satisfaction of such conditions, including the terms of Section 11.31, as the Administrative Agent, the Borrower and such Lender may agree (including conditions of the
type required to be satisfied for the effectiveness of an Extension Amendment described in Section 2.19(a)), and (iii) effect such other amendments of the type (with appropriate reference and nomenclature changes) described in the
penultimate sentence of Section 2.19(a). 
 (g) This Section 2.19 shall supersede any provisions in this Agreement to
the contrary, including Sections 2.16 or 11.12. For the avoidance of doubt, any of the provisions of this Section 2.19 may be amended with the consent of the Required Lenders, the Administrative Agent and the Borrower. 

Section 2.20 [Reserved]. 

Section 2.21 Cash Receipts. 

(a) Each Loan Party shall enter into a control agreement (each, a “Blocked Account Agreement”) within 90 days after the
Closing Date (or such later date approved by the Administrative Agent in its reasonable discretion), in form reasonably satisfactory to the Administrative Agent, with the Administrative Agent and/or Collateral Agent and any bank with which such Loan
Party maintains a primary domestic concentration DDA (other than an Excluded Account) (collectively, the “Blocked Accounts”). 

(b) The Borrower agrees that it will cause all proceeds of the ABL Collateral (other than the amounts and accounts identified in clauses
(ii), (iii), (iv) and (v) of Section 2.21(d) below or proceeds in any Excluded Accounts) to be deposited into a Blocked Account, which deposits may be made through a remote scanning process for purposes
of depositing payment items into the Blocked Accounts from time to time. The Borrower agrees that it will promptly cause all such payment items to be scanned and/or deposited into Blocked Accounts. 

(c) Each Blocked Account Agreement shall require, after the occurrence and during the continuance of a Liquidity Event (and delivery of notice
thereof from the Administrative Agent to the Borrower and the other parties to such instrument or agreement), the ACH or wire transfer no less frequently than once per Business Day (unless the Termination Date shall have actually occurred), of all
collected and available funds, including any collected and available funds in each Blocked Account (net of such minimum balance, not to exceed $150,000 in any one Blocked 

  
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Account or $750,000 in the aggregate, as may be required to be maintained in the subject Blocked Account by the bank at which such Blocked Account is maintained), to one or more accounts
maintained by the Administrative Agent at Truist Bank (the “Payment Accounts”) or such other account as directed by the Administrative Agent; provided that once such Liquidity Event shall no longer be continuing, the
Administrative Agent shall promptly instruct the depository institutions at which such Blocked Accounts are held to allow the Loan Parties to resume direct and sole control over such Blocked Accounts. Subject to the terms of the ABL/Bond
Intercreditor Agreement, all amounts received in a Payment Account or such other account shall be applied (and allocated) by the Administrative Agent in accordance with Section 8.03. 

(d) If, at any time after the occurrence and during the continuance of a Liquidity Event, any cash or Permitted Investments owned by any Loan
Party (other than (i) an amount not to exceed $15,000,000 in the aggregate that is on deposit in a segregated DDA which the Borrower designates in writing to the Administrative Agent as being the “designated account,” (each such
account, a “Designated Account” and collectively, the “Designated Accounts”), (ii) de minimis cash or Permitted Investments from time to time inadvertently misapplied by any Loan Party, (iii) deposit
accounts the balance of which consists exclusively of (x) withheld income taxes and federal, state or local employment taxes, (y) amounts required to be paid over to an employee benefit plan; (iv) all segregated deposit accounts
constituting (and the balance of which consists solely of funds set aside for the purpose of managing) disbursement, tax accounts, payroll accounts, and trust accounts, (v) local store accounts that are swept at least weekly to Blocked Accounts
and (vi) other accounts that are not swept at least weekly to a Blocked Account in which the aggregate amount on deposit in all such other accounts at any time may not exceed $15,000,000 (such accounts referred to in clauses
(i) through (vi) above, collectively, the “Excluded Accounts”)) are held in any account, otherwise than in a Blocked Account subject to a Blocked Account Agreement, the Administrative Agent shall be entitled to
require the applicable Loan Party to close such account and have all funds therein transferred to a Blocked Account, and to cause all future deposits to be made to a Blocked Account. 

(e) The Loan Parties may close DDAs or Blocked Accounts and/or open new DDAs or Blocked Accounts without the Administrative Agent’s
consent, subject to the applicable Loan Party’s prompt execution and delivery to the Administrative Agent of a Blocked Account Control Agreement with respect to any such DDA (other than any Excluded Account) established or acquired after the
Closing Date consistent with the provisions of this Section 2.21 and so long as all deposits pursuant to Section 2.21(b) are at all times only made into accounts subject to a valid Blocked Account Agreement. The
Administrative Agent shall execute any requested notice of termination to the Bank at which such closed Blocked Account has been maintained; provided that the Loan Parties provide to the Administrative Agent a Blocked Account Agreement for a
replacement Blocked Account consistent with the provisions of this Section 2.21. For the avoidance of doubt, the Loan Parties may open or close Excluded Accounts at any time, without requirement of delivery of a Blocked Account
Agreement. 
 (f) So long as no Liquidity Event as to which the Administrative Agent has notified the Borrower has occurred and is
continuing, the Loan Parties may direct, and shall have sole control over, the manner of disposition of funds in the Blocked Accounts. For the avoidance of doubt, the Loan Parties may direct, and shall have sole control over, the manner of
disposition of funds in any Excluded Account or Designated Account. 
 (g) Any amounts (x) received in the Payment Accounts (including
all interest and other earnings with respect thereto, if any) at any time after the Termination Date or (y) that continue to be swept to the Payment Accounts after all Liquidity Events have been cured, if any, shall (subject, in the case of
clause (x), to the provisions of the ABL/Bond Intercreditor Agreement), be remitted to the operating account of the Borrower as specified by the Borrower. 

Section 2.22 Reserves; Change in Reserves; Decisions by Agent. The Administrative Agent may at any time and from time to time establish
and increase or decrease Reserves; provided that, as a condition to the establishment of any new category of Reserves, or any increase in Reserves resulting from a change in the manner of determination thereof, a Required Reserve Notice shall
have been given to the Borrower not later than five (5) Business Days prior to such establishment or increase; provided, further, that circumstances, conditions, events or contingencies arising prior to the Closing Date of which
the Administrative Agent had knowledge prior to the Closing Date shall not be the basis for any such establishment or modification after the Closing Date. The amount of any Reserve established 

  
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by the Administrative Agent shall have a reasonable relationship to the event, condition or other matter that is the basis for the Reserve. Upon delivery of such notice, the Administrative Agent
shall be available to discuss the proposed Reserve or increase, and the Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Reserve or increase no longer exists. In no event shall such
notice and opportunity limit the right of the Administrative Agent to establish or change such Reserve. Notwithstanding anything herein to the contrary, Reserves shall not duplicate eligibility criteria contained in the definition of “Eligible
Credit Card Receivable”, “Eligible In-Transit Inventory”, “Eligible Inventory”, “Eligible Letter of Credit Inventory”, “Eligible Receivable”, “Eligible
Billings” or “Eligible Unbilled Receivables” and vice versa, or reserves or criteria deducted in computing the cost or market value or Value of any Eligible Receivable, any Eligible Inventory, any Eligible Credit Card Receivable,
Eligible In-Transit Inventory, Eligible Letter of Credit Inventory, Eligible Billings, Eligible Unbilled Receivables or the Net Orderly Liquidation Value of any Eligible Inventory and vice versa. 

ARTICLE III 
 INCREASED COSTS,
ILLEGALITY AND TAXES 
 Section 3.01 Increased Costs. 

(a) If any Change in Law shall: 

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

(B) impose on any Lender or any LC Issuer or the London interbank market any other condition, cost or expense affecting this
Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be to
increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or LC Issuer of participating in, issuing or maintaining any Letter of
Credit (or of maintaining its obligation to participate in or issue any Letter of Credit) or to reduce the amount of any sum received or receivable by such Lender or LC Issuer hereunder (whether of principal, interest or otherwise), then, from time
to time upon request of such Lender or LC Issuer, the Borrower will pay to such Lender or LC Issuer such additional amount or amounts as will compensate such Lender or LC Issuer for such increased costs actually incurred or reduction actually
suffered. 
 (b) If any Lender or LC Issuer determines that any Change in Law regarding capital requirements has the effect of reducing the
rate of return on such Lender’s or LC Issuer’s capital or on the capital of such Lender’s or LC Issuer’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit or
Swing Loans held by, such Lender or the Letters of Credit issued by such LC Issuer to a level below that which such Lender or LC Issuer or such Lender’s or LC Issuer’s holding company could have achieved but for such Change in Law (taking
into consideration such Lender’s or LC Issuer’s policies and the policies of such Lender’s or LC Issuer’s holding company with respect to capital adequacy), then, from time to time upon request of such Lender or LC Issuer, the
Borrower will pay to such Lender or LC Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or LC Issuer or such Lender’s or LC Issuer’s holding company for any such reduction actually suffered. 

(c) A certificate of a Lender or an LC Issuer setting forth the amount or amounts necessary to compensate such Lender or LC Issuer or its
holding company in reasonable detail, as the case may be, as specified in paragraph (a) or (b) of this Section 3.01 delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or LC
Issuer, as the case may be, the amount shown as due on any such certificate within 15 days after receipt thereof. 

  
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 (d) Failure or delay on the part of any Lender or LC Issuer to demand compensation pursuant
to this Section 3.01 shall not constitute a waiver of such Lender’s or LC Issuer’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or LC Issuer pursuant to this
Section 3.01 for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or LC Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs
or reductions and of such Lender’s or LC Issuer’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day
period referred to above shall be extended to include the period of retroactive effect thereof. 
 Section 3.02 Taxes. 

(a) Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made free and clear of and
without deduction for any Taxes, except as required by applicable Requirements of Law. If the applicable withholding agent shall be required by applicable Requirements of Law (as determined in the good faith discretion of the applicable withholding
agent) to deduct any Taxes from such payments, then the applicable withholding agent shall make such deductions and shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law,
and if such Taxes are Indemnified Taxes or Other Taxes, then the amount payable by the applicable Loan Party shall be increased as necessary so that after all such required deductions have been made (including such deductions applicable to
additional amounts payable under this Section 3.02), each Lender (or, in the case of a payment made to the Administrative Agent for its own account, the Administrative Agent) receives an amount equal to the sum it would have received had
no such deductions been made. 
 (b) Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any Other
Taxes to the relevant Governmental Authority in accordance with Requirements of Law. 
 (c) The Borrower shall indemnify the Administrative
Agent and each Lender within 30 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender as the case may be, on or with respect to any payment by or on account of
any obligation of any Loan Party under any Loan Document and any Other Taxes paid by the Administrative Agent or such Lender, as the case may be (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable
under this Section 3.02) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A
certificate setting forth in reasonable detail the basis and calculation of the amount of such payment or liability delivered to the Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive
absent manifest error. 
 (d) As soon as practicable after any payment of any Taxes by a Loan Party to a Governmental Authority, the Borrower
shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent. 
 (e) Each Lender shall, at such times as are reasonably requested by the Borrower or the
Administrative Agent, provide the Borrower and the Administrative Agent with any properly completed and executed documentation prescribed by any Requirement of Law, or reasonably requested by Borrower or the Administrative Agent, certifying as to
any entitlement of such Lender to an exemption from, or reduction in, any withholding Tax with respect to any payments to be made to such Lender under the Loan Documents. Each such Lender shall, whenever a lapse in time or change in circumstances
renders any such documentation expired, obsolete or inaccurate in any respect (including any specific documentation required below in this Section 3.02(e)), deliver promptly to the Borrower and the Administrative Agent updated or other
appropriate documentation (including any new documentation reasonably requested by the applicable withholding agent) or promptly notify the Borrower and the Administrative Agent in writing of its legal ineligibility to do so. Unless the applicable
withholding agent has received forms or other documents satisfactory to it indicating that payments under any Loan Document to or for a Lender are not subject to withholding tax or are subject to Tax at a rate reduced by an applicable tax treaty,
the Borrower, the Administrative Agent or other applicable withholding agent shall withhold amounts required to be withheld by applicable law from such payments at the applicable statutory rate. 

  
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 Without limiting the generality of the foregoing: 

(i) Each Lender that is a United States person (as defined in Section 7701(a)(30) of the Code) shall deliver to the
Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement two properly completed and duly signed copies of Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender is
exempt from U.S. federal backup withholding. 
 (ii) Each Lender that is not a United States person (as defined in
Section 7701(a)(30) of the Code) shall deliver to the Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent) whichever of the following is applicable: 
 (A) two properly completed and duly signed copies of
Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor forms) claiming eligibility for benefits of an income tax treaty to which the United States of America is a party, 

(B) two properly completed and duly signed copies of Internal Revenue Service Form W-8ECI (or any successor forms), 

(C) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or
Section 881(c) of the Code, (x) two properly completed and duly signed certificates, substantially in the form of Exhibit Q (any such certificate a “United States Tax Compliance Certificate”), and (y) two
properly completed and duly signed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor forms), 

(D) to the extent a Foreign Lender is not the beneficial owner (for example, where the Lender is a partnership or a
participating Lender), two properly completed and duly signed copies of Internal Revenue Service Form W-8IMY (or any successor forms) of the Foreign Lender, accompanied by a Form W-8ECI, W-8BEN or W-8BEN-E, United States Tax Compliance Certificate,
Form W-9, Form W-8IMY (or other successor forms) or any other required information from each beneficial owner that would be required under this Section 3.02 if such beneficial owner were a Lender, as applicable (provided that, if
the Lender is a partnership (and not a participating Lender) and one or more direct or indirect partners are claiming the portfolio interest exemption, the United States Tax Compliance Certificate may be provided by such Lender on behalf of such
direct or indirect partner(s)), or 
 (E) two properly completed and duly signed copies of any other form prescribed by
applicable Requirements of Law as a basis for claiming exemption from or a reduction in U.S. federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable Requirements of Law to permit the
Borrower and the Administrative Agent to determine the withholding or deduction required to be made. 
 (iii) If a payment made to any Lender
under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the
Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the
Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender has or has not complied with such Lender’s obligations 

  
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under FATCA and, if necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (iii), “FATCA” shall include any amendments made to
FATCA after the date of this Agreement. Notwithstanding any other provision of this clause (e), a Lender shall not be required to deliver any form that such Lender is not legally eligible to deliver. 

(f) If the Borrower determines in good faith that a reasonable basis exists for contesting any Taxes for which indemnification has been
demanded hereunder, the Administrative Agent or the relevant Lender, as applicable, shall use commercially reasonable efforts to cooperate with the Borrower in a reasonable challenge of such Taxes if so requested by the Borrower, provided
that (a) the Administrative Agent or such Lender determines in its reasonable discretion that it would not be subject to any unreimbursed third-party cost or expense or otherwise be prejudiced by cooperating in such challenge, (b) the
Borrower pays all related expenses of the Administrative Agent or such Lender, as applicable and (c) the Borrower indemnifies the Administrative Agent or such Lender, as applicable, for any liabilities or other costs incurred by such party in
connection with such challenge. If the Administrative Agent or a Lender receives a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts
pursuant to this Section 3.02, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 3.02 with respect to the
Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund); provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees promptly to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. The Administrative Agent or such Lender, as the case
may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice of assessment or other evidence of the requirement to repay such refund received from the relevant taxing authority (provided that the
Administrative Agent or such Lender may delete any information therein that the Administrative Agent or such Lender deems confidential). Notwithstanding anything to the contrary, this Section 3.02(f) shall not be construed to require the
Administrative Agent or any Lender to make available its Tax returns (or any other information relating to Taxes which it deems confidential) to any Loan Party or any other person). 

(g) The agreements in this Section 3.02 shall survive the resignation or replacement of the Administrative Agent or any assignment
of rights by, or the replacement of, a Lender, the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 

(h) For purposes of this Section 3.02, the term “Lender” shall include any LC Issuer and the Swing Line Lender and the
term “applicable Requirements of Law” includes FATCA. 
 Section 3.03 Mitigation Obligations; Replacement of Lenders.

 (a) If any Lender requests compensation under Section 3.01, or if the Borrower is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.02 or any event gives rise to the operation of Section 3.05, then such Lender shall use reasonable efforts to designate a different
lending office for funding or booking its Loans hereunder or its participation in any Letter of Credit affected by such event, or to assign and delegate its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in
the judgment of such Lender, such designation or assignment and delegation (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.02 or mitigate the applicability of Section 3.05, as the case
may be, and (ii) would not subject such Lender to any unreimbursed cost or expense reasonably deemed by such Lender to be material and would not be inconsistent with the internal policies of, or otherwise be disadvantageous in any material
economic, legal or regulatory respect to, such Lender. 
 (b) If (i) any Lender requests compensation under Section 3.01 or
gives notice under Section 3.05, (ii) the Borrower is required to pay any additional amount to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 3.02 or (iii) any Lender
is a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign 

  
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and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 11.06), all its interests, rights and obligations under this Agreement and the
other Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment and delegation); provided that (A) the Borrower shall have received the prior
written consent of the Administrative Agent, each LC Issuer and each Swing Line Lender to the extent such consent would be required under Section 11.06 for an assignment of Loans or Commitments, as applicable, which consents, in each
case, shall not unreasonably be withheld or delayed, (B) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and unreimbursed participations in Letters of Credit and Swing Loans, accrued but
unpaid interest thereon, accrued but unpaid fees and all other amounts payable to it hereunder from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts),
(C) the Borrower or such assignee shall have paid (unless waived) to the Administrative Agent the processing and recordation fee specified in Section 11.06 and (D) in the case of any such assignment resulting from a claim for
compensation under Section 3.01, or payments required to be made pursuant to Section 3.02 or a notice given under Section 3.05, such assignment will result in a material reduction in such compensation or payments.
A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise (including as a result of any action taken by such Lender under paragraph (a) above), the
circumstances entitling the Borrower to require such assignment and delegation cease to apply. Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment Agreement executed by the
Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment need not be a party thereto. 

Section 3.04 Breakage Compensation. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the
last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.15 and is revoked in accordance therewith) or (d) the assignment of
any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 3.03 or Section 11.12, then, in any such event, the Borrower shall, after
receipt of a written request by any Lender affected by any such event (which request shall set forth in reasonable detail the basis for requesting such amount), compensate each Lender for the loss, cost and expense (excluding loss of profit)
actually incurred by it as a result of such event. For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.04, each Lender shall be deemed to have funded each Eurodollar Loan made by it at the Adjusted
Eurodollar Rate for such Loan by a matching deposit or other borrowing in the applicable interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Loan was in fact so funded. A certificate of any
Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this Section 3.04 and the reasons therefor delivered to the Borrower shall be prima facie evidence of such amounts. The
Borrower shall pay such Lender the amount shown as due on any such certificate within 15 days after receipt of such demand. Notwithstanding the foregoing, this Section 3.04 will not apply to losses, costs or expenses resulting from
Taxes, as to which Section 3.02 shall govern. Notwithstanding the foregoing, no Lender shall demand compensation pursuant to this Section 3.04 if it shall not at the time be the general policy or practice of such Lender to
demand such compensation in similar circumstances under comparable provisions of other credit agreements. 
 Section 3.05
Illegality. If any Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender to make, maintain or fund Loans whose interest is determined by reference to the
Adjusted Eurodollar Rate, or to determine or charge interest rates based upon the Adjusted Eurodollar Rate, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or
continue Eurodollar Loans denominated in dollars or to convert Base Rate Loans denominated in dollars to Eurodollar Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans
the interest rate on which is determined by reference to the Adjusted Eurodollar Rate component of the Base Rate, the interest rate on such Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the
Administrative Agent without reference to the Adjusted Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer
exist. Upon receipt of such notice, (x) the Borrower shall, upon three Business Days’ notice from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans denominated in dollars of such
Lender 

  
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to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the
Adjusted Eurodollar Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully
continue to maintain such Eurodollar Loans, and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Adjusted Eurodollar Rate, the Administrative Agent shall during the period of such
suspension compute the Rate applicable to such Lender without reference to the Adjusted Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine
or charge interest rates based upon the Adjusted Eurodollar Rate. Each Lender agrees to notify the Administrative Agent and the Borrower in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge
interest rates based upon the Adjusted Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

ARTICLE IV 
 CONDITIONS PRECEDENT

 Section 4.01 Conditions Precedent at Closing Date. The obligation of the Lenders to make Loans, and of any LC Issuer to issue
Letters of Credit, on the Closing Date is subject to the satisfaction (or waiver thereof in accordance with Section 11.12) of each of the following conditions on or prior to the Closing Date: 

(a) The Administrative Agent (or its counsel) shall have received from each party hereto either (i) a counterpart of this
Agreement signed on behalf of such party or (ii) otherwise, written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmission of a signed counterpart of this Agreement) that such party has
signed a counterpart of this Agreement. 
 (b) The Administrative Agent shall have received a written opinion (addressed to
the Administrative Agent, the Lenders and the LC Issuers and dated the Closing Date) of each of (i) Kirkland & Ellis LLP, Delaware, New York and Texas counsel for the Loan Parties and (ii) Davis Wright Tremaine LLP, Alaska and
Washington counsel for the Loan Parties, in each case in form and substance reasonably satisfactory to the Administrative Agent. The Borrower hereby requests counsel to deliver such opinions. 

(c) The Administrative Agent shall have received a certificate of each Loan Party, dated the Closing Date, substantially in the
form of Exhibit E with appropriate insertions, or otherwise in form and substance reasonably satisfactory to the Administrative Agent, executed by any Responsible Officer of such Loan Party, and including or attaching the documents referred
to in paragraph (d) of this Section 4.01. 
 (d) The Administrative Agent shall have received a copy of
(i) each Organizational Document of each Loan Party certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, (ii) signature and incumbency certificates of the Responsible Officers of each Loan
Party executing the Loan Documents to which it is a party, (iii) copies of resolutions of the board of directors and/or similar governing bodies of each Loan Party approving and authorizing the execution, delivery and performance of Loan
Documents to which it is a party, certified as of the Closing Date by its secretary, an assistant secretary or a Responsible Officer as being in full force and effect without modification or amendment and (iv) a good standing certificate (to
the extent such concept exists) from the applicable Governmental Authority of each Loan Party’s jurisdiction of incorporation, organization or formation. 

(e) The Administrative Agent shall have received all fees and other amounts previously agreed in writing by the Joint Lead
Arrangers and the Borrower to be due and payable on or prior to the Closing Date, including, to the extent invoiced at least three (3) Business Days prior to the Closing Date, reimbursement or payment of all reasonable and documented
out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party under any Loan Document. 

  
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 (f) The Collateral and Guarantee Requirement (other than in accordance with
Section 6.14) shall have been satisfied and the Administrative Agent shall have received a completed Perfection Certificate dated the Closing Date and signed by a Responsible Officer of the Borrower, together with all attachments
contemplated thereby; provided that if, notwithstanding the use by the Borrower of commercially reasonable efforts without undue burden or expense to cause the Collateral and Guarantee Requirement to be satisfied on the Closing Date, the
requirements thereof (other than (a) the execution and delivery of the ABL Guarantee Agreement and the Collateral Agreement by the Loan Parties, (b) creation of and perfection of security interests in the Equity Interests of wholly-owned
Domestic Subsidiaries that are Restricted Subsidiaries of the Borrower (provided that such Equity Interests are not Excluded Assets or owned or held by an Excluded Subsidiary), to the extent received from the Acquired Company and (c) delivery
of Uniform Commercial Code financing statements with respect to perfection of security interests in the assets of the Loan Parties that may be perfected by the filing of a financing statement under the Uniform Commercial Code) are not satisfied as
of the Closing Date, the satisfaction of such requirements shall not be a condition to the availability of the initial Loans on the Closing Date (but shall be required to be satisfied as promptly as practicable after the Closing Date and in any
event within the period specified therefor in Schedule 6.14 or such later date as the Administrative Agent may otherwise reasonably agree). 

(g) Since April 13, 2015, there shall not have occurred a Material Adverse Effect (as defined in the Acquisition
Agreement) with respect to the Acquired Companies. 
 (h) The Joint Lead Arrangers shall have received the Audited Financial
Statements, the Unaudited Financial Statements and the Pro Forma Financial Statements. 
 (i) (A) The Specified Acquisition
Agreement Representations shall be true and correct in all material respects and as of the Closing Date and (B) the Specified Representations shall be true and correct in all material respects on and as of the Closing Date. 

(j) The Acquisition shall have been consummated, or substantially simultaneously with the initial funding of Loans on the
Closing Date, shall be consummated, in all material respects in accordance with the terms of the Acquisition Agreement, without giving effect to any modifications, amendments, consents or waivers by the Acquired Company to or of the Acquisition
Agreement that are materially adverse to the Joint Lead Arrangers without the consent of each Joint Lead Arranger (such consent not to be unreasonably withheld, delayed or conditioned and provided that the Joint Lead Arrangers shall be deemed to
have consented to such amendment, waiver or consent unless they shall object thereto within 48 hours after notice of such proposed amendment, waiver or consent) (it being understood that (x) any substantive modification, amendment, consent or
waiver to the definition of Material Adverse Effect (as defined in the Acquisition Agreement as in effect on April 13, 2015) shall be deemed to be materially adverse to the interest of the Lenders and the Joint Lead Arrangers, (y) any
increase in the purchase price of the Acquisition will be deemed not to be materially adverse to the Joint Lead Arrangers so long as such increase is funded by an increase in the Equity Issuance, and (z) any reduction in the purchase price of
the Acquisition shall not be deemed to be material and adverse to the interests of the Joint Lead Arrangers but shall have been allocated to reduce the Term Loans and the Unsecured Notes pro rata). 

(k) The Refinancing shall have been consummated, or substantially concurrently with the initial funding of Loans on the Closing
Date, shall be consummated. 
 (l) The Lenders shall have received a certificate from the chief financial officer of the
Borrower certifying as to the solvency of the Borrower and its Subsidiaries on a consolidated basis after giving effect to the Transactions, substantially the form of Exhibit N. 

(m) The Administrative Agent and the Joint Lead Arrangers shall have received, at least three (3) Business Days prior to
the Closing Date, all documentation and other information about the Loan Parties as shall have been reasonably requested in writing at least ten (10) Business Days prior to the Closing Date by the Administrative Agent or the Joint Lead
Arrangers that they shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act. 

  
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 (n) The Equity Issuance shall have been consummated, or substantially
concurrently with, or prior to, the initial funding of Loans on the Closing Date, shall be consummated. 
 (o) The Loan
Documents shall have been executed and delivered by all of the Term Loan Parties stated to be party thereto and the Borrower shall have received no less than (x) $700,000,000 of gross proceeds from the issuance of the Unsecured Notes in
accordance with the Unsecured Notes Indenture and (y) $600,000,000 aggregate principal amount of loans under the Term Loan Facility. 

(p) The Borrower shall have delivered to the Administrative Agent a Borrowing Base Certificate dated as of July 29, 2015.

 (q) The Grantor Intercreditor Agreement Joinder to the ABL/Bond Intercreditor Agreement shall have been duly executed and
delivered by the Acquired Company and each other Loan Party that is a Subsidiary thereof. 
 Notwithstanding the foregoing, other than in
the proviso in Section 4.01(f), the obligations of the Lenders to make Loans and the LC Issuers to issue Letters of Credit hereunder shall not become effective unless each of the foregoing conditions shall have been satisfied (or waived
pursuant to Section 9.02) at or prior to 5:00 p.m., New York City time, on the Closing Date (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time). 

For purposes of determining whether the conditions set forth in this Section 4.01 have been satisfied, by releasing its signature
page hereto or to an Assignment and Agreement the Administrative Agent and each Lender party hereto shall be deemed to have consented to, approved, accepted or be satisfied with each document or other matter required hereunder to be consented to or
approved by, or acceptable or satisfactory to, the Administrative Agent or such Lender, as the case may be. 
 Section 4.02
Conditions Precedent to All Credit Events. The obligations of the Lenders, the Swing Line Lender and each LC Issuer to make or participate in each Credit Event is subject, at the time thereof, to the satisfaction of the following conditions:

 (a) Notice. The Administrative Agent (and in the case of subsection (ii) below, the applicable LC Issuer)
shall have received, as applicable, (i) a Notice of Borrowing meeting the requirements of Section 2.08(b) with respect to any Borrowing (other than a Continuation or Conversion) and (ii) an LC Request meeting the requirements
of Section 2.05(b) with respect to each LC Issuance. 
 (b) No Default; Representations and Warranties;
Covenant Compliance. At the time of each Credit Event (other than to the extent that proceeds of any Incremental Revolving Loan are being used to finance a Limited Conditionality Transaction) and immediately after giving effect thereto,
(i) there shall exist no Default or Event of Default; (ii) all representations and warranties of the Loan Parties contained herein or in the other Loan Documents shall be true and correct in all material respects (or, if qualified by
“materiality,” “Material Adverse Effect” or similar language, in all respects (after giving effect to such qualification)) with the same effect as though such representations and warranties had been made on and as of the date of
such Credit Event, except to the extent that such representations and warranties expressly relate to an earlier specified date or period, in which case such representations and warranties shall have been true and correct in all material respects as
of the date when made or for the respective period, as the case may be; and (iii) on a Pro Forma Basis, either (i) Excess Availability shall not be less than the greater of (A) 10% of the Maximum Borrowing Amount and (B) $80
million or (ii) the Fixed Charge Coverage Ratio shall be at least 1.00:1.00. 

  
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 Notwithstanding the foregoing, Loans and Letters of Credit shall not be available during
(x) any Specified Contribution Period unless and until such time as a Specified Equity Contribution has been made and (y) any Representation Cure Period unless and until the applicable curable representation and warranty Default has been
cured within the 30 day grace period set forth in Section 8.01(c). 
 Each Notice of Borrowing submitted by a Borrower after the
Closing Date shall be deemed to be a representation and warranty that the conditions specified in Section 4.02(b) have been satisfied on and as of the date of the applicable Credit Event. 

ARTICLE V 
 REPRESENTATIONS AND
WARRANTIES 
 The Borrower represents and warrants to the Lenders that as of the Closing Date; provided that on the Closing Date,
such Person’s representations and warranties shall be limited to the Specified Representations: 
 Section 5.01 Organization;
Powers. Each of the Borrower and its Restricted Subsidiaries is (a) duly organized or incorporated, validly existing and in good standing (to the extent such concept exists in the relevant jurisdictions) under the laws of the jurisdiction
of its organization, (b) has the corporate or other organizational power and authority to carry on its business as now conducted and to execute, deliver and perform its obligations under each Loan Document to which it is a party and (c) is
qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except in each case where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a
Material Adverse Effect. 
 Section 5.02 Authorization; Enforceability. This Agreement has been duly authorized, executed and delivered
by the Borrower and constitutes, and each other Loan Document to which any Loan Party is to be a party, when executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of the Borrower or such Loan Party, as the
case may be, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law. 
 Section 5.03 Governmental Approvals; No Conflicts.
Except as set forth on Schedule 5.03, the Financing Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or
made and are in full force and effect and except filings necessary to perfect Liens created under the Loan Documents, (b) will not violate (i) the Organizational Documents of, or (ii) any Requirements of Law applicable to, the
Borrower or any Restricted Subsidiary, (c) will not violate or result in a default under any indenture or other agreement or instrument binding upon the Borrower or any Restricted Subsidiary or their respective assets, or give rise to a right
thereunder to require any payment, repurchase or redemption to be made by the Borrower or any Restricted Subsidiary, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation thereunder and (d) will
not result in the creation or imposition of any Lien on any asset of the Borrower or any Restricted Subsidiary, except Liens created under the Loan Documents or permitted by Section 7.02, except to the extent that the failure to obtain
or make such consent, approval, registration, filing or action, or such violation, default or right, or imposition of Lien, as the case may be, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

 Section 5.04 Financial Condition; No Material Adverse Effect. 

(a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein and (ii) fairly present in all material respects the financial condition of the Acquired Company and its Subsidiaries as of the respective dates thereof and their results of operations for the period
covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. 

(b) The Unaudited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of the Acquired Company and its Subsidiaries as of the dates thereof and their results of operations for the periods
covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 

  
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 (c) The Borrower has heretofore furnished to the Joint Lead Arrangers the consolidated pro
forma balance sheet of the Borrower and its Subsidiaries as of March 31, 2015, and the related consolidated pro forma statement of operations of the Borrower as of and for the twelve-month period then ended (such pro forma balance sheet and
statement of operations, the “Pro Forma Financial Statements”), which have been prepared giving effect to the Transactions (excluding the impact of purchase accounting effects required by GAAP) as if such Transactions had occurred
as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of operations). The Pro Forma Financial Statements have been prepared in good faith, based on assumptions believed by the Borrower
to be reasonable as of the date of delivery thereof, and present fairly in all material respects on a pro forma basis and in accordance with GAAP the estimated financial position of the Borrower and its Subsidiaries as of March 31, 2015, and
their estimated results of operations for the periods covered thereby, assuming that the Transactions had actually occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of
operations). 
 (d) Since the Closing Date, there has been no Material Adverse Effect. 

Section 5.05 Properties. Each of the Borrower and its Restricted Subsidiaries has good title to, or valid interests in, all its
real and personal property material to its business, if any (including all of the Mortgaged Properties), (i) free and clear of all Liens except for Liens permitted by Section 7.02 and (ii) except for minor defects in title that
do not interfere with its ability to conduct its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes, in each case, except where the failure to do so would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. 
 Section 5.06 Litigation and Environmental
Matters. 
 (a) Except as set forth on Schedule 5.06, there are no actions, suits or proceedings by or before any arbitrator
or Governmental Authority pending against or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any Restricted Subsidiary that would reasonably be expected, individually or in the aggregate, to result in a
Material Adverse Effect. 
 (b) Except as set forth on Schedule 5.06, and except with respect to any other matters that,
individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, none of the Borrower or any Restricted Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply
with any permit, license or other approval required under any Environmental Law, (ii) has, to the knowledge of the Borrower, become subject to any Environmental Liability or (iii) has received written notice of any claim with respect to
any Environmental Liability. 

Section 5.07 Compliance with Laws. Each of the Borrower and its Restricted Subsidiaries is in compliance with all
Requirements of Law applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

Section 5.08 Investment Company Status. None of the Loan Parties is required to register as an “investment company”
under the Investment Company Act of 1940, as amended from time to time. 
 Section 5.09 Taxes. Except as could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect, the Borrower and each Restricted Subsidiary (a) have timely filed or caused to be filed all Tax returns and reports required to have been filed and (b) have
paid or caused to be paid all Taxes levied or imposed on their properties, income or assets (whether or not shown on a Tax return) including in their capacity as tax withholding agents, except any Taxes that are being contested in good faith by
appropriate proceedings, provided that the Borrower or such Subsidiary, as the case may be, has set aside on its books adequate reserves therefor in accordance with GAAP and applicable local standards. There is no proposed Tax assessment,
deficiency or other claim against the Borrower or any Restricted Subsidiary that would reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect. 

  
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 Section 5.10 ERISA. 

(a) Except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each Plan is in
compliance with the applicable provisions of ERISA, the Code and other federal or state laws. 
 (b) Except as would not reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) no ERISA Event has occurred during the six year period prior to the date on which this representation is made or deemed made or is reasonably expected to
occur, and (ii) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction that would reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA. 

(c) Except as would not reasonably be expected, individually or in the aggregate to result in a Material Adverse Effect: (i) each employee
benefit plan (as defined in Section 3(2) of ERISA) that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service to the effect that the form of such
plan is qualified under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter
is currently being processed by the Internal Revenue Service, (ii) to the knowledge of the Borrower, nothing has occurred that would prevent or cause the loss of such tax-qualified status, and (iii) there are no pending or, to the
knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any such plan. 

Section 5.11 Disclosure. (a) As of the Closing Date (to the Borrower’s knowledge), all written factual information and
written factual data (other than projections and information of a general economic or industry specific nature) furnished by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the negotiation of any Loan
Document or delivered thereunder (as modified or supplemented by other information so furnished), when taken as a whole when furnished, do not contain any untrue statement of a material fact or omit to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information, the Borrower represents only that such information, when taken as a
whole, was prepared in good faith based upon assumptions believed by them to be reasonable at the time delivered, it being understood that (i) any such projected financial information is merely a prediction as to future events and its not to be
viewed as fact, (ii) such projected financial information is subject to significant uncertainties and contingencies, many of which are beyond the control of the Borrower or any of its Subsidiaries and (iii) no assurance can be given that
any particular projections will be realized and that actual results during the period or periods covered by any such projections may differ significantly from the projected results and such differences may be material and (b) the information
set forth in each Borrowing Base Certificate is true and correct in all material respects and has been prepared in all material respects in accordance with the requirements of this Agreement. 

Section 5.12 Subsidiaries. As of the Closing Date, Schedule 5.12 sets forth the name of, and the ownership interest of
the Borrower and each of its subsidiaries in, each subsidiary of the Borrower. 
 Section 5.13 Intellectual Property; Licenses,
Etc. Except as would not reasonably be expected to have a Material Adverse Effect, each of the Borrower and its Restricted Subsidiaries owns, licenses or possesses the right to use all Intellectual Property that is reasonably necessary for the
operation of its business substantially as currently conducted. To the knowledge of the Borrower, no Intellectual Property used by the Borrower or any Restricted Subsidiary in the operation of its business as currently conducted infringes upon the
Intellectual Property of any Person except for such infringements that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. No claim or litigation regarding any of the Intellectual Property is
pending or, to the knowledge of the Borrower, threatened against the Borrower or any Restricted Subsidiary, which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

  
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 Section 5.14 Solvency. Immediately after the consummation of each of the Transactions
to occur on the Closing Date, after taking into account all applicable rights of indemnity and contribution, (a) the sum of the debt (including contingent liabilities) of the Borrower and its Subsidiaries, on a consolidated basis, does not
exceed the present fair saleable value of the present assets of the Borrower and its Subsidiaries, on a consolidated basis, (b) the capital of the Borrower and its Subsidiaries, on a consolidated basis, is not unreasonably small in relation to
their business as contemplated on the date hereof, (c) the Borrower and its Subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations, beyond their
ability to pay such debts as they become due (whether at maturity or otherwise) and (d) the Borrower and its Subsidiaries, on a consolidated basis, are “solvent” within the meaning given to that term and similar terms under applicable
laws relating to fraudulent transfers and conveyances. For purposes of this Section 5.14, the amount of any contingent liability at any time shall be computed as the amount that, in the light of all of the facts and circumstances
existing at such time, represents the amount that would reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual pursuant to Financial Accounting Standards
Board Statement No. 5). 
 Section 5.15 Senior Indebtedness. The Obligations constitute “Senior Indebtedness” (or any
comparable term) under and as defined in the documentation governing any other Junior Financing. 
 Section 5.16 Federal Reserve
Regulations. None of the Borrower or any Restricted Subsidiary is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U of the Board
of Governors), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any margin stock or to refinance any Indebtedness originally
incurred for such purpose, or for any other purpose that entails a violation (including on the part of any Lender) of the provisions of Regulations U or X of the Board of Governors. 

Section 5.17 Use of Proceeds. The Borrower will use the proceeds of the Loans made on the Closing Date to directly or indirectly
finance the Transactions and otherwise for general corporate purposes. 
 Section 5.18 [Reserved]. 

Section 5.19 OFAC and PATRIOT Act. No Loan Party or any of its Restricted Subsidiaries, and, to the knowledge of the Loan Parties and
their Responsible Officers, no officer, director or employee of any Loan Party or any of its Restricted Subsidiaries, appears on the Specially Designated Nationals and Blocked Persons List (“Sanctioned Persons”) published by the
Office of Foreign Assets Control (“OFAC”), or is otherwise a person with which any U.S. person is prohibited from dealing under the laws of the United States, unless authorized by OFAC. No Loan Party or any of its Restricted
Subsidiaries does business or conducts any transactions with the governments of, or persons within, any Designated Jurisdiction (“Sanctioned Entity”). No Loan Parties or any of their Restricted Subsidiaries will directly or
indirectly use the proceeds from this Agreement, or lend, contribute or otherwise make available such proceeds to any Subsidiary of a Loan Party, joint venture partner or other Person (a) to fund any activities of or business with any person
that, at the time of such funding, is the subject of any Sanction, or is in any country or territory that, at the time of such funding or facilitation, is a Designated Jurisdiction or (b) in any other manner that will result in a violation of
any Sanction by any Secured Creditor. Except as would not reasonably be expected to have a Material Adverse Effect, no Loan Party nor any of its Restricted Subsidiaries is in violation of Executive Order No. 13224 or the Patriot Act. 

Section 5.20 Foreign Corrupt Practices Act. No Loan Party or any of its Restricted Subsidiaries, and, to the knowledge of the Loan
Parties and their Responsible Officers, no officer, director or employee of any Loan Party or any of its Restricted Subsidiaries, has used any of the proceeds of the Revolving Loans made on the Closing Date (i) for any unlawful contribution,
gift, entertainment or other unlawful expense relating to political activity, (ii) to make any direct or indirect unlawful payment to any government official or employee from corporate funds, (iii) to violate any provision of the U.S.
Foreign Corrupt Practices Act of 1977 or similar law of a jurisdiction in which the Borrower or any of the Restricted Subsidiaries conduct their business and to which they are lawfully subject or (iv) to make any unlawful bribe, rebate, payoff,
influence payment, kickback or other unlawful payment. 

  
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 ARTICLE VI 

AFFIRMATIVE COVENANTS 
 From and
after the Closing Date and until the Termination Date, the Borrower covenants and agrees with the Lenders that: 
 Section 6.01 Financial
Statements and Other Information. The Borrower will furnish to the Administrative Agent, on behalf of each Lender: 
 (a)
on or before the date that is one hundred and twenty-five (125) days after the end of each fiscal year of the Borrower (or, in the case of financial statements for the fiscal year ending December 31, 2015, on or before the date that is one
hundred and fifty (150) days after the end of such fiscal year), audited consolidated balance sheet and audited consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows of the Borrower and its
Subsidiaries as of the end of and for such year, and related notes thereto, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by PricewaterhouseCoopers LLP or another independent public
accounting firm of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit (other than with respect to, or resulting from,
(A) an upcoming maturity date of any Indebtedness occurring within one year from the time such opinion is delivered or (B) any actual failure to satisfy a financial maintenance covenant or any potential inability to satisfy a financial
maintenance covenant on a future date or in a future period) to the effect that such consolidated financial statements present fairly in all material respects the financial condition as of the end of and for such year and results of operations and
cash flows of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; 
 (b)
commencing with the financial statements for the fiscal quarter ended June 30, 2015, on or before the date that is sixty (60) days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (or, in the
case of financial statements for the fiscal quarters ended June 30, 2015 and ending September 30, 2015, on or before the date that is ninety (90) days after the end of such fiscal quarter), unaudited consolidated balance sheet and
unaudited consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in
comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material respects the
financial condition as of the end of and for such fiscal quarter and such portion of the fiscal year and results of operations and cash flows of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied,
subject to normal year-end audit adjustments and the absence of footnotes; 
 (c) simultaneously with the delivery of each
set of consolidated financial statements referred to in clauses (a) and (b) above, the related unaudited consolidating financial information reflecting adjustments necessary to eliminate the accounts of Unrestricted
Subsidiaries (if any) from such consolidated financial statements; 
 (d) not later than five days after any delivery of
financial statements under paragraph (a) or (b) above, a certificate of a Financial Officer certifying as to whether a Default then exists and, if a Default does then exist, specifying the details thereof and any action
taken or proposed to be taken with respect thereto; 
 (e) [Reserved]; 

(f) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and
registration statements (other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the Administrative Agent), exhibits to any registration statement and, if
applicable, any registration statement on Form S-8) filed by the Borrower or any Restricted Subsidiary with the SEC or with any national securities exchange; and 

  
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 (g) promptly following any request therefor, such other information
regarding the operations, business affairs and financial condition of the Borrower or any Restricted Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent on its own behalf or on behalf of any Lender may
reasonably request in writing. 
 (h) Officer’s Compliance Certificates. Within five (5) Business Days after
the required date of delivery of the financial statements provided for in subsections (a) and (b) above (or such other date as specified in this Section 6.01(h)), a certificate (a “Compliance
Certificate”), substantially in the form of Exhibit O, signed by a Financial Officer and including: the calculations required to establish whether the Borrower and its Restricted Subsidiaries were in compliance with the provisions of
Section 7.12, if applicable, as at the end of such fiscal year or quarter. 
 (i) Budgets. Within 90 days
after the close of each fiscal year of the Borrower, a consolidated budget for the fiscal year immediately succeeding such fiscal year in reasonable detail for each of the four fiscal quarters of such fiscal year, setting forth a forecasted balance
sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Restricted Subsidiaries for the period covered thereby, and the principal assumptions upon which such budget is based (including a description of any
material change in accounting policies from the previous fiscal year); provided that, for the avoidance of doubt, the first such budget required to be delivered pursuant to this Section 6.01(i) shall be in respect of the fiscal year of
the Borrower ending December 31, 2016. 
 (j) Borrowing Base Certificate. As soon as available but in any event
on or prior to the thirtieth (30th) day after each calendar quarter, a Borrowing Base Certificate as of the close of business on the last day of the immediately preceding calendar quarter, together with such supporting information in connection
therewith as described in clause (k) below; provided that, (A) if a Monthly Reporting Event occurs, the Borrower shall deliver a Borrowing Base Certificate and such supporting documentation on or prior to the thirtieth
(30th) day after each calendar month, and (B) if (x) a Weekly Reporting Event occurs and/or (y) a Specified Covenant Event of Default occurs and until such date as such Specified Covenant Event of Default shall no longer be
continuing, the Borrower shall deliver a Borrowing Base Certificate and such supporting documentation on or prior to the Wednesday of every week prepared as of the close of business on Friday of the previous week, which weekly Borrowing Base
Certificates shall be in standard form unless otherwise reasonably agreed to by the Administrative Agent; provided further that, the Borrower may elect to deliver the Borrowing Base Certificate on a more frequent basis but if such election is
exercised, it must be continued until the date that is 60 days after the date of such election. 
 (k) Collateral
Information. Concurrently with the delivery of the Borrowing Base Certificates pursuant to Section 6.01(j) above, deliver to the Administrative Agent (w) a schedule of Inventory as of the last day of the immediately preceding quarter,
month or week, as applicable, of the Borrower, itemizing and describing the kind, type and quantity of Inventory, the Borrower’s Cost thereof and the location thereof, (x) a schedule of Receivables which (i) shall be as of the last
day of the immediately preceding quarter, month or week, as applicable, (ii) shall be reconciled to the Borrowing Base Certificates as of such last day, and (iii) shall set forth a detailed aged trial balance of all of the Borrower’s
then existing Receivables, specifying the names and the balance due for each Account Debtor obligated on any Receivable so listed, (y) a reasonably detailed calculation of Eligible Inventory, Eligible Receivables, Eligible Credit Card
Receivables, Eligible Billings and Eligible Unbilled Receivables and the Value of Inventory and (z) a schedule of Qualified Cash which shall be as of the last day of the immediately preceding quarter, month or week, as applicable, which
shall set forth detailed accounting of all Qualified Cash held by the Loan Parties as of such date; provided that, if any Qualified Cash is not deposited in a deposit account maintained with the Administrative Agent, the Administrative Agent
shall receive a daily report of the cash balances under such account if requested by the Administrative Agent during the continuance of a Liquidity Event and shall be notified prior to or concurrently with any withdrawals therefrom during the
continuance of a Liquidity Event. 

  
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 Notwithstanding the foregoing, the obligations in paragraphs (a) and
(b) of this Section 6.01 may be satisfied with respect to financial information of the Borrower and its Subsidiaries by furnishing the Form 10-K or 10-Q (or the equivalent), as applicable, of the Borrower (or a parent company
thereof) filed with the SEC within the applicable time periods required by applicable law and regulations; provided that (i) to the extent such information relates to a parent of the Borrower, such information is accompanied by
consolidating information, which may be unaudited, that explains in reasonable detail the differences between the information relating to such parent, on the one hand, and the information relating to the Borrower and its Subsidiaries on a standalone
basis, on the other hand, and (ii) to the extent such information is in lieu of information required to be provided under Section 6.01(a), such materials are accompanied by a report and opinion of an independent registered public
accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or
any qualification or exception as to the scope of such audit (other than with respect to, or resulting from, (i) an upcoming maturity date of any Indebtedness occurring within one year from the time such opinion is delivered or (ii) any
actual failure to satisfy a financial maintenance covenant or any potential inability to satisfy a financial maintenance covenant on a future date or in a future period). 

Documents required to be delivered pursuant to Section 6.01(a), (b) or (f) (to the extent any such
documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto
on the Borrower’s website on the Internet at the website address listed on Schedule 11.05 (or otherwise notified pursuant to Section 9.01(d)); or (ii) on which such documents are posted on the Borrower’s behalf
on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent). The Administrative Agent shall have no obligation
to request the delivery of or maintain paper copies of the documents referred to above, and 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. 
 Notwithstanding anything to the contrary herein, neither the Borrower
nor any Subsidiary shall be required to deliver, disclose, permit the inspection, examination or making of copies of or excerpts from, or any discussion of, any document, information, or other matter (i) that constitutes non-financial trade
secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent (or any Lender (or their respective representatives or contractors)) is prohibited by applicable law, (iii) that is subject
to attorney-client or similar privilege or constitutes attorney work product; (iv) with respect to which any Loan Party owes confidentiality obligations (to the extent not created in contemplation of such Loan Party’s Obligations under
this Section 6.01) to any third party or (v) that relates to any investigation by any Governmental Authority to the extent (x) such information is identifiable to a particular individual and the Borrower in good faith
determines such information should remain confidential or (y) the information requested is not factual in nature. 
 The Borrower
hereby acknowledges that (a) the Administrative Agent, the Joint Lead Arrangers and/or, the Amendment No. 3 Joint Lead Arrangers and/or the Amendment No. 4 Joint Lead Arrangers will make
available to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive Material Non-Public Information and who may be engaged in investment and other market-related
activities with respect to the Borrower’s or its Affiliates’ securities. The Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public
Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by
marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Joint Lead Arrangers, the Amendment No. 3 Joint Lead Arrangers, the Amendment No. 4 Joint Lead Arrangers and the Lenders to treat
such Borrower Materials as not containing any Material Non-Public Information (although it may be sensitive and proprietary) (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated
as set forth in Section 11.15); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information”; and (z) the
Administrative Agent, the Joint Lead Arrangers
and, the Amendment No. 3 Joint Lead Arrangers and the Amendment No. 4 Joint Lead Arrangers shall be
entitled to treat 

  
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any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information” ; provided
that the Borrower’s failure to comply with this sentence shall not constitute a Default or an Event of Default under this Agreement or the Loan Documents. Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any
Borrower Materials as “PUBLIC.” Each Loan Party hereby acknowledges and agrees that, unless the Borrower notifies the Administrative Agent in advance, all financial statements and certificates furnished pursuant to
Sections 6.01(a), (b), (c) and (d) above are hereby deemed to be suitable for distribution, and to be made available, to all Lenders and may be treated by the Administrative Agent and the Lenders as not
containing any Material Non-Public Information. 
 Section 6.02 Notices of Material Events. Promptly after any Responsible Officer of
the Borrower obtains actual knowledge thereof, the Borrower will furnish to the Administrative Agent (for distribution to each Lender through the Administrative Agent) written notice of the following: 

(a) the occurrence of any Default; 

(b) to the extent permissible by Requirements of Law, the filing or commencement of any action, suit or proceeding by or before
any arbitrator or Governmental Authority against or, to the knowledge of a Financial Officer or another executive officer of the Borrower or any Subsidiary, affecting the Borrower or any Subsidiary or the receipt of a written notice of an
Environmental Liability, in each case that would reasonably be expected to result in a Material Adverse Effect; and 
 (c)
the occurrence of any ERISA Event that would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 
 Each
notice delivered under this Section 6.02 shall be accompanied by a written statement of a Responsible Officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to
be taken with respect thereto. 
 Section 6.03 Information Regarding Collateral. 

(a) The Borrower will furnish to the Administrative Agent prompt (and in any event within thirty (30) days or such longer period as
reasonably agreed to by the Administrative Agent) written notice of any change (i) in any Loan Party’s legal name (as set forth in its certificate of organization or like document), (ii) in the jurisdiction of incorporation or
organization of any Loan Party or in the form of its organization or (iii) in any Loan Party’s organizational identification number to the extent that such Loan Party is organized or owns Mortgaged Property in a jurisdiction where an
organizational identification number is required to be included in a UCC financing statement for such jurisdiction. 
 (b) Not later than
five days after delivery of financial statements pursuant to Section 6.01(a), the Borrower shall deliver to the Administrative Agent a certificate executed by a Responsible Officer of the Borrower (i) setting forth the information
required pursuant to Paragraphs 1, 6, 7, 8, 9, and 10 of the Perfection Certificate or confirming that there has been no change in such information since the date of the Perfection Certificate delivered on the Closing Date or the date of the
most recent certificate delivered pursuant to this Section 6.03, (ii) identifying any Wholly Owned Restricted Subsidiary that has become, or ceased to be, a Material Subsidiary or an Excluded Subsidiary during the most recently
ended fiscal quarter and (iii) certifying that all notices required to be given prior to the date of such certificate by Section 6.03 have been given. 

Section 6.04 Existence; Conduct of Business. The Borrower will, and will cause each Restricted Subsidiary to, do or cause to be done
all things necessary to obtain, preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises, Intellectual Property and Governmental Approvals material to the conduct of its
business, except to the extent (other than with respect to the preservation of the existence of the Borrower) that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not
prohibit any merger, consolidation, liquidation or dissolution permitted under Section 7.03 or any Disposition permitted by Section 7.05. 

  
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 Section 6.05 Payment of Taxes, etc. The Borrower will, and will cause each Restricted
Subsidiary to, pay all Taxes (whether or not shown on a Tax return) imposed upon it or its income or properties or in respect of its property or assets, before the same shall become delinquent or in default, except where (a) the same are being
contested in good faith by an appropriate proceeding diligently conducted by the Borrower or any of its Subsidiaries or (b) the failure to make payment would not reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect. 
 Section 6.06 Maintenance of Properties. The Borrower will, and will cause each Restricted Subsidiary to, keep and
maintain all tangible property material to the conduct of its business in good working order and condition (subject to casualty, condemnation and ordinary wear and tear), except where the failure to do so would not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. 
 Section 6.07 Insurance. 

(a) The Borrower will, and will cause each Restricted Subsidiary to, maintain, with insurance companies that the Borrower believes (in the good
faith judgment of the management of the Borrower) are financially sound and responsible at the time the relevant coverage is placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which the Borrower believes
(in the good faith judgment of management of the Borrower) is reasonable and prudent in light of the size and nature of its business) and against at least such risks (and with such risk retentions) as the Borrower believes (in the good faith
judgment or the management of the Borrower) are reasonable and prudent in light of the size and nature of its business, and will furnish to the Lenders, upon written request from the Collateral Agent, information presented in reasonable detail as to
the insurance so carried. The Borrower shall cause (i) each such general liability policy of insurance (other than directors and officers policies, workers compensation policies and business interruption insurance) to name the Collateral Agent,
on behalf of the Secured Creditors, as an additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain a loss payable clause or mortgagee endorsement that names the Collateral Agent,
on behalf of the Secured Creditors as the loss payee or mortgagee thereunder. 
 (b) If any portion of any Mortgaged Property is a Flood
Hazard Property with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), then the Borrower shall, or shall cause each Loan Party to
(i) maintain, or cause to be maintained, with insurance companies that the Borrower believes (in the good faith judgment of the management of the Borrower) are financially sound and responsible at the time the relevant coverage is placed or
renewed, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) furnish to the Lenders, upon written request from the Collateral Agent,
information presented in reasonable detail as to the flood insurance so carried. 
 Section 6.08 Books and Records; Inspection and Audit
Rights; Appraisals; Field Examinations. 
 (a) The Borrower will, and will cause each Restricted Subsidiary to, maintain proper books of
record and account in which entries that are full, true and correct in all material respects and are in conformity with GAAP (or applicable local standards) consistently applied shall be made of all material financial transactions and matters
involving the assets and business of the Borrower or its Restricted Subsidiary, as the case may be. The Borrower will, and will cause each Restricted Subsidiary to, permit any representatives designated by the Administrative Agent or any Lender,
upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts (other than the corporate board records of the Borrower and any Subsidiaries thereof) from its books and records, and to discuss its affairs, finances
and condition with its officers and independent accountants (subject to such accountants’ customary policies and procedures), all at such reasonable times during normal business hours and as often as reasonably requested upon reasonable advance
notice (which shall, in any event, be at least 24 hours’ notice unless the Borrower consents to any such shorter notice period) other to the Borrower; provided that, (i) such representatives shall use commercially reasonable efforts
to avoid interruption of the normal business operations of the Borrower and its Subsidiaries and (ii) excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the
Lenders may exercise visitation and inspection rights of the Administrative Agent and the Lenders under this Section 6.08 and the Administrative Agent shall not exercise such rights more often 

  
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than one time during any calendar year absent the existence of an Event of Default and such time shall be at the Borrower’s expense; provided, further, that (a) when an
Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon
reasonable advance notice and (b) the Administrative Agent and the Lenders shall give the Borrower the opportunity to participate in any discussions with the Borrower’s independent public accountants (subject to such accountants’
customary policies and procedures). 
 (b) At reasonable times during normal business hours and upon reasonable prior notice that the
Administrative Agent requests, independently of or in connection with the visits and inspections provided for in clause (a) above, (x) grant access to the Administrative Agent (including employees of the Administrative Agent or any
consultants, accountants, lawyers and appraisers retained by the Administrative Agent) to the Borrower’s books, records and Accounts so that the Administrative Agent or an appraiser retained by the Administrative Agent may conduct an Inventory
appraisal and (y) the Administrative Agent may conduct (or engage third parties to conduct) such field examinations, verifications and evaluations as the Administrative Agent may deem necessary or appropriate; provided that the Borrower
shall only be required to permit: 
 (i) one field examination and one appraisal per annum, such Collateral Reviews to
be at the Borrower’s expense; 
 (ii) if Excess Availability (plus, solely to the extent Excess Availability on
each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) is less than the greater of (x) $80,000,000 and (y) 10.00% of the Maximum Borrowing Amount for a period of five
(5) consecutive Business Days, one additional field examination and audit and/or one additional appraisal per annum, such Collateral Reviews to be at the Borrower’s expense; and 

(iii) notwithstanding the foregoing to the contrary, at any time after the occurrence and during the continuation of a
Specified Exam Event of Default, as many Collateral Reviews per annum as the Administrative Agent may reasonably request, such Collateral Reviews to be at the Borrower’s expense. 

(iv) The Administrative Agent shall provide the Borrower with a reasonably detailed accounting of all such expenses payable by
the Borrower. 
 (c) The Loan Parties acknowledge that the Administrative Agent, after exercising its rights of inspection, may prepare and
distribute to the Lenders certain Reports pertaining to the Loan Parties’ assets for internal use by the Administrative Agent and the Lenders, subject to the provisions of Section 11.15 hereof. 

Section 6.09 Compliance with Laws. The Borrower will, and will cause each Restricted Subsidiary to, comply with all Requirements of Law
(including ERISA and other applicable pension laws, Environmental Laws and the USA PATRIOT Act) with respect to it, its property and operations, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect. 
 Section 6.10 Use of Proceeds. The Borrower will use the proceeds of the Revolving Loans
borrowed on the Closing Date, together with cash on hand, proceeds of the Term Loans, proceeds of the Unsecured Notes and proceeds of the Equity Issuance, to directly or indirectly finance the Transactions and to fund any working capital needs in
excess of average working capital. The Borrower will use the proceeds of the Revolving Loans borrowed after the Closing Date to finance working capital from time to time of the Borrower and its Subsidiaries and for other general corporate purposes.

  
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 Section 6.11 Additional Subsidiaries. 

(a) If (i) any additional Restricted Subsidiary is formed or acquired after the Closing Date, including, without limitation, as a result
of a Division, (ii) any Restricted Subsidiary ceases to be an Excluded Subsidiary or (iii) the Borrower, at its option, elects to cause a Domestic Subsidiary, or to the extent reasonably acceptable to the Administrative Agent, a Foreign
Subsidiary that is not a Wholly Owned Subsidiary (including any consolidated Affiliate in which the Borrower and its Subsidiaries own no Equity Interest) to become a Subsidiary Loan Party, then the Borrower will, within 30 days (or such longer
period as may be agreed to by the Administrative Agent in its reasonable discretion) after such newly formed or acquired Restricted Subsidiary is formed or acquired or such Restricted Subsidiary ceases to be an Excluded Subsidiary or the Borrower
has made such election, notify the Administrative Agent thereof, and will cause such Restricted Subsidiary (unless such Restricted Subsidiary is an Excluded Subsidiary) to satisfy the Collateral and Guarantee Requirement with respect to such
Restricted Subsidiary and with respect to any Equity Interest in or Indebtedness of such Restricted Subsidiary owned by or on behalf of any Loan Party within 30 days after such notice (or such longer period as the Administrative Agent shall
reasonably agree) and the Administrative Agent shall have received a completed Perfection Certificate (or supplement thereto) with respect to such Restricted Subsidiary signed by a Responsible Officer, together with all attachments contemplated
thereby. 
 (b) Within 45 days (or such longer period as otherwise provided in this Agreement or as the Administrative Agent may reasonably
agree) after the Borrower identifies any new Material Subsidiary pursuant to Section 6.03(b), all actions (if any) required to be taken with respect to such Subsidiary in order to satisfy the Collateral and Guarantee Requirement shall
have been taken with respect to such Subsidiary, to the extent not already satisfied pursuant to Section 6.11(a). 
 (c)
Notwithstanding the foregoing, in the event any real property would be required to be mortgaged pursuant to this Section 6.11, the Borrower shall be required to comply with the “Collateral and Guarantee Requirement” as it
relates to such real property within 90 days, following the formation or acquisition of such real property or such Restricted Subsidiary or the identification of such new Material Subsidiary, or such longer time period as agreed by the
Administrative Agent in its reasonable discretion. 
 Section 6.12 Further Assurances. 

(a) Subject to (i) the proviso to Section 4.01(f) solely with respect to the Closing Date and (ii) the last paragraph of
the definition of “Collateral and Guarantee Requirement”, the Borrower will, and will cause each Loan Party to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions
(including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), that may be required under any applicable law and that the Administrative Agent or the Required Lenders may reasonably
request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties. 
 (b) If,
after the Closing Date, any material assets (other than Excluded Assets), including any owned (but not leased or ground-leased) Material Real Property or improvements thereto or any interest therein, are acquired by the Borrower or any other Loan
Party or are held by any Subsidiary on or after the time it becomes a Loan Party pursuant to Section 6.11 (other than assets constituting Collateral under a Security Document that become subject to the Lien created by such Security
Document upon acquisition thereof or constituting Excluded Assets), the Borrower will notify the Administrative Agent thereof, and, if requested by the Administrative Agent, the Borrower will cause such assets to be subjected to a Lien securing the
Obligations and will take and cause the other Loan Parties to take, such actions as shall be necessary and reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of
this Section and as required pursuant to the “Collateral and Guarantee Requirement,” all at the expense of the Loan Parties and subject to the last paragraph of the definition of the term “Collateral and Guarantee Requirement.”
In the event any Material Real Property is mortgaged pursuant to this Section 6.12(b), the Borrower or such other Loan Party, as applicable, shall be required to comply with the “Collateral and Guarantee Requirement” and
paragraph (a) of this Section 6.12 within 90 days following the acquisition of such Material Real Property or such longer time period as agreed by the Administrative Agent in its reasonable discretion. 

  
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 Section 6.13 Designation of Subsidiaries. The Borrower may at any time after the
Closing Date designate any Restricted Subsidiary of the Borrower as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately after such designation on a Pro Forma Basis, no Event
of Default shall have occurred and be continuing and (ii) no Subsidiary may be designated as an Unrestricted Subsidiary or continue as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of any other Material
Indebtedness of the Borrower. The designation of any Subsidiary as an Unrestricted Subsidiary after the Closing Date shall constitute an Investment by the Borrower therein at the date of designation in an amount equal to the fair market value of the
Borrower’s or its Subsidiary’s (as applicable) investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment,
Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Borrower in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the fair market value at the date of such
designation of the Borrower’s or its Subsidiary’s (as applicable) Investment in such Subsidiary. 
 Section 6.14 Certain
Post-Closing Obligations. As promptly as practicable, and in any event within the time periods after the Closing Date specified in Schedule 6.14 or such later date as the Administrative Agent agrees to in writing, including to
reasonably accommodate circumstances unforeseen on the Closing Date, the Borrower and each other Loan Party shall deliver the documents or take the actions specified on Schedule 6.14 that would have been required to be delivered or taken on
the Closing Date, in each case except to the extent otherwise agreed by the Administrative Agent pursuant to its authority as set forth in the definition of the term “Collateral and Guarantee Requirement.” 

Section 6.15 Maintenance of Rating of the Borrower and the Facilities. The Loan Parties shall use commercially reasonable efforts to
maintain a public corporate credit rating (but not any particular rating) from S&P and a public corporate family rating (but not any particular rating) from Moody’s, in each case in respect of the Borrower. 

Section 6.16 Lines of Business. The Borrower and its Restricted Subsidiaries, taken as a whole, will not fundamentally and
substantively alter the character of their business, taken as a whole, from the business conducted by them on the Closing Date and other business activities which are extensions thereof or otherwise incidental, reasonably related or ancillary to any
of the foregoing. 
 Section 6.17 Transactions with Affiliates. The Borrower will not, and will not permit any Restricted Subsidiary
to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except
(i) (A) (x) transactions between or among the Borrower or any Restricted Subsidiary or any entity that becomes a Restricted Subsidiary as a result of such transaction and (y) any merger; amalgamation or consolidation with any
direct or indirect parent of the Borrower; provided that such parent entity shall have no material liabilities and no material assets other than cash, Permitted Investments and the Equity Interests of the Borrower and such merger, amalgamation or
consolidation is otherwise consummated in compliance with this Agreement and (B) transactions involving aggregate payment or consideration of less than the greater of $200,000,000 and 20.0% of Consolidated EBITDA for the most recently ended
Test Period as of such time, (ii) on terms substantially as favorable to the Borrower or such Restricted Subsidiary as would be obtainable by such Person at the time in a comparable arm’s-length transaction with a Person other than an
Affiliate, (iii) the payment of fees and expenses related to the Transactions, (iv) the payment of management, consulting, advisory and monitoring fees to the Investors (or management companies of the Investors) in an aggregate amount in
any fiscal year not to exceed 2.5% of Consolidated EBITDA for the most recently ended Test Period as of such time, (v) issuances of Equity Interests of the Borrower to the extent otherwise permitted by this Agreement, (vi) employment and
severance arrangements between the Borrower and its Restricted Subsidiaries and their respective officers and employees in the ordinary course of business or otherwise in connection with the Transactions (including loans and advances pursuant to
Sections 7.04(b) and 7.04(n), (vii) payments by the Borrower and its Restricted Subsidiaries pursuant to tax sharing agreements among the Borrower (and any such parent thereof) and its Restricted Subsidiaries on customary
terms to the extent attributable to the ownership or operation of the Borrower and its Restricted Subsidiaries, to the extent such payments are permitted by Section 7.07, (viii) the payment of customary fees and reasonable
out-of-pocket costs to, and indemnities provided on behalf of, members of the Board of Directors, officers and employees of the Borrower (or any direct or indirect parent thereof) and the Restricted Subsidiaries in the ordinary course of business to
the extent attributable to the ownership or operation of the Borrower and its Restricted Subsidiaries, (ix) transactions pursuant to permitted agreements in existence or contemplated on the Closing Date and set forth on
Schedule 6.17 or any amendment thereto to the extent such an amendment is not adverse to the Lenders in any material respect, (x) [reserved], (xi) payments to or from, and transactions with, any joint venture in the ordinary
course of business (including, without limitation, any cash management activities related thereto), (xii)

  
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transactions with customers, clients, suppliers, contractors, joint venture partners or purchasers or sellers of goods or services that are Affiliates, in each case in the ordinary course of
business and which are fair to the Borrower and the Restricted Subsidiaries, in the reasonable determination of the Borrower, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party,
(xiii) sales of accounts receivable, or participations therein, or Securitization Assets or related assets in connection with or any Qualified Securitization Facility, (xiv) payments made in connection with the Transactions,
(xv) customary payments by the Borrower and any Restricted Subsidiaries to the Investors made for any financial advisory, consulting, financing, underwriting or placement services or in respect of other investment banking activities (including
in connection with acquisitions, divestitures or financings), which payments are approved by the majority of the members of the Board of Directors or a majority of the disinterested members of the Board of Directors of the Borrower and any other
Restricted Subsidiary in good faith and (xvi) any other (A) Indebtedness permitted under Section 7.01 and Liens permitted under Section 7.02; provided that such Indebtedness and Liens are on terms which are fair and
reasonable to the Borrower and its Subsidiaries as determined by the majority of disinterested members of the board of directors of the Borrower and (B) transactions permitted under Section 7.04, Investments permitted under
Section 7.03 and Restricted Payments permitted under Section 7.07. 
 ARTICLE VII 

NEGATIVE COVENANTS 
 The Borrower
hereby covenants and agrees that on the Closing Date and thereafter until the Termination Date, as follows: 
 Section 7.01 Indebtedness;
Certain Equity Securities. 
 (a) The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or
permit to exist any Indebtedness, except: 
 (i) Indebtedness of the Borrower and any of the Restricted Subsidiaries under
the Loan Documents (including any Indebtedness incurred pursuant to Section 2.18; 
 (ii) Indebtedness
outstanding on the Closing Date and listed on Schedule 7.01 and any Permitted Refinancing thereof and (y) intercompany Indebtedness outstanding on the Closing Date and any Permitted Refinancing thereof; provided that any such
intercompany Indebtedness of any Loan Party owed to any Restricted Subsidiary that is not a Loan Party shall be subordinated in right of payment to the Secured Obligations; 

(iii) Guarantees by the Borrower and its Restricted Subsidiaries in respect of Indebtedness of the Borrower or any Restricted
Subsidiary otherwise permitted hereunder; provided that (A) such Guarantee is otherwise permitted by Section 7.04, (B) no Guarantee by any Restricted Subsidiary of any Junior Financing or the Term Loan Facilities, the
Secured Notes or the Unsecured Notes shall be permitted unless such Restricted Subsidiary shall have also provided a Guarantee of the Obligations pursuant to the ABL Guarantee Agreement and (C) if the Indebtedness being Guaranteed is
subordinated to the Obligations, such Guarantee shall be subordinated to the Guarantee of the Obligations on terms at least as favorable to the Lenders as those contained in the subordination of such Indebtedness; 

(iv) Indebtedness of the Borrower owing to any Restricted Subsidiary or of any Restricted Subsidiary owing to any other
Restricted Subsidiary or the Borrower, to the extent permitted by Section 7.04; provided that all such Indebtedness of any Loan Party owing to any Restricted Subsidiary that is not a Loan Party shall be subordinated to the
Obligations (to the extent any such Indebtedness is outstanding at any time after the date that is thirty (30) days after the Closing Date or such later date as the Administrative Agent may reasonably agree) (but only to the extent permitted by
applicable law and not giving rise to adverse tax consequences) on terms (i) at least as favorable to the Lenders as those set forth in the form of intercompany note attached as Exhibit F or (ii) otherwise reasonably
satisfactory to the Administrative Agent; 

  
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 (v) (A) Indebtedness (including Capitalized Lease Obligations and
purchase money indebtedness) incurred, issued or assumed by the Borrower or any Restricted Subsidiary to finance the acquisition, purchase, lease, construction, repair, replacement or improvement of fixed or capital property, equipment or other
assets; provided that such Indebtedness is incurred concurrently with or within 270 days after the applicable acquisition, purchase, lease, construction, repair, replacement or improvement, and (B) any Permitted Refinancing of any
Indebtedness set forth in the immediately preceding clause (A) (or successive Permitted Refinancings thereof); provided, further, that, at the time of any such incurrence of Indebtedness and after giving Pro Forma Effect thereto
and the use of the proceeds thereof, the aggregate principal amount of Indebtedness that is outstanding in reliance on this clause (v) shall not exceed the greater of $200,000,000 and 20.0% of Consolidated EBITDA for the most recently ended
Test Period as of such time; 
 (vi) Indebtedness in respect of Swap Agreements incurred in the ordinary course of business
and not for speculative purposes; 
 (vii) (A) Indebtedness of the Borrower, any Restricted Subsidiary or any Person that
becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary) either (a) incurred or issued and/or (b) assumed after the
Closing Date in connection with any Permitted Acquisition or any other Investment not prohibited by Section 7.04; provided that, with respect to clause (a) above, (i) to the extent such obligor or guarantor is a Loan Party,
such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Secured Obligations (as defined in the Secured Notes Collateral Agreement) and is subject to the terms of a Customary
Intercreditor Agreement, (ii) after giving effect to each such incurrence and/or issuance of such Indebtedness on a Pro Forma Basis, the Consolidated Senior Secured First Lien Net Leverage Ratio as of such time is less than or equal to either
(x) 4.00 to 1.00 or (y) the Consolidated Senior Secured First Lien Net Leverage Ratio immediately prior to such Permitted Acquisition or Investment (and related issuance and/or incurrence of Consolidated Senior Secured First Lien
Indebtedness) and (iii) with respect to any such newly incurred Indebtedness, (1) such Indebtedness does not mature earlier than the Latest Maturity Date (except in the case of (x) customary bridge loans which subject to customary
conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing which does not mature earlier than the Latest Maturity Date and (y) Permitted
Earlier Maturity Debt) and (2) the other terms and conditions of such Indebtedness shall be as determined by the Borrower and the lenders providing such Indebtedness (subject to the restrictions and exceptions set forth above); and with respect
to clause (b) above, such Indebtedness is and remains the obligation of the Person and/or such Person’s subsidiaries that are acquired and such Indebtedness was not incurred in anticipation of such Permitted Acquisition or Investment; and
(B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that, the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary
that is not a Loan Party outstanding in reliance on this clause (vii)(A)(a) or (vii)(B) (together with the aggregate principal amount of Indebtedness incurred in reliance Section 7.01(a)(viii) and outstanding of which the primary obligor or a
guarantor is a Restricted Subsidiary that is not a Loan Party) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of $200,000,000 and 20.0% of Consolidated EBITDA for the most recently ended
Test Period as of such time; 
 (viii) (A) Indebtedness of the Borrower, any Restricted Subsidiary or any Person that becomes
a Restricted Subsidiary (or any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary) either (a) incurred or issued and/or (b) assumed after the Closing Date in
connection with any Permitted Acquisition or any other Investment not prohibited by Section 7.04; provided that, with respect to clause (a) above, (i) such Indebtedness is either (1) to the extent such obligor or guarantor
is a Loan Party, secured by the Collateral on a junior or subordinated basis to the Secured Obligations (as defined in the Secured Notes Collateral Agreement) and the agent for such Indebtedness has become a party to a Customary Intercreditor
Agreement or (2) unsecured, (ii) after giving effect to each such incurrence and/or issuance of such Indebtedness on a Pro Forma Basis, (1) if such Indebtedness is secured on a junior or subordinated basis to the Secured Obligations
(as defined in the 

  
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Secured Notes Collateral Agreement), the Consolidated Senior Secured Net Leverage Ratio as of such time is either (x) less than or equal to 5.00 to 1.00 or (y) less than or equal to the
Consolidated Senior Secured Net Leverage Ratio immediately prior to such Permitted Acquisition or Investment (and related incurrence and/or issuance of Indebtedness) and (2) if such Indebtedness is unsecured, either (x) the Total Net
Leverage Ratio as of such time is either (I) less than or equal to 6.00 to 1.00 or (II) less than or equal to the Total Net Leverage Ratio immediately prior to such Permitted Acquisition or Investment (and related incurrence and/or
issuance of Indebtedness) or (y) the Interest Coverage Ratio as of such time is either (I) not less than 2.00 to 1.00 or (II) not less than the Interest Coverage Ratio immediately prior to such Permitted Acquisition or Investment (and
related incurrence and/or issuance of Indebtedness) and (iii) with respect to any such newly incurred Indebtedness, (1) such Indebtedness does not mature earlier than the Latest Maturity Date (except in the case of (x) customary
bridge loans which subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing which does not mature earlier than the
Latest Maturity Date and (y) Permitted Earlier Maturity Debt) and (2) the other terms and conditions of such Indebtedness shall be as determined by the Borrower and the lenders providing such Indebtedness (subject to the restrictions and
exceptions set forth above); and with respect to clause (b) above, such Indebtedness is and remains the obligation of the Person and/or such Person’s subsidiaries that are acquired and such Indebtedness was not incurred in anticipation of
such Permitted Acquisition or Investment; and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the
primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (viii)(A)(a) or (viii)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause
(viii)(A)(a)) (together with the aggregate principal amount of Indebtedness incurred in reliance Section 7.01(a)(vii) and outstanding of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party) shall not
exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of $200,000,000 and 20.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(ix) (A) Indebtedness of the Borrower or any of the Restricted Subsidiaries or any Person that becomes a Restricted Subsidiary
after the Closing Date (or of any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary) in an aggregate amount not to exceed (i) the greater of $200,000,000 and 20.0%
of Consolidated EBITDA for the most recently ended Test Period as of such time plus (ii) unlimited additional Indebtedness; provided that, with respect to clause (ii), (I) (x) if such Indebtedness is secured by the
Collateral on a pari passu basis with the Secured Obligations (as defined in the Secured Notes Collateral Agreement), after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis, the Consolidated Senior Secured First Lien
Net Leverage Ratio as of such time is less than or equal to 4.00 to 1.00, (y) if such Indebtedness is secured on a junior or subordinated basis to the Secured Obligations (as defined in the Secured Notes Collateral Agreement), after giving
effect to the incurrence of such Indebtedness on a Pro Forma Basis, the Consolidated Senior Secured Net Leverage Ratio as of such time is less than or equal to 5.00 to 1.00 and (z) if such Indebtedness is unsecured, after giving effect to the
incurrence of such Indebtedness on a Pro Forma Basis, either (1) the Total Net Leverage Ratio as of such time is less than or equal to 6.00 to 1.00 or (2) the Interest Coverage Ratio as of such time is no less than 2.00 to 1.00 and (II)
such Indebtedness complies with the Required Additional Debt Terms and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of
Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (ix) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect
thereto, the greater of $200,000,000 and 20.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(x) [Reserved]; 

(xi) Settlement Indebtedness; 

  
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 (xii) Indebtedness in respect of cash management obligations and other
Indebtedness in respect of netting services, automated clearinghouse arrangements, overdraft protections and similar arrangements, in each case, in connection with deposit accounts or from the honoring of a bank or other financial institution of a
check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; 
 (xiii)
Indebtedness consisting of obligations under deferred compensation (including indemnification obligations, obligations in respect of purchase price adjustments, earn-outs, incentive non-competes and other contingent obligations) or other similar
arrangements incurred or assumed in connection with the Acquisition, any Permitted Acquisition, any other Investment or any Disposition, in each case, permitted under this Agreement; 

(xiv) Indebtedness of the Borrower or any of the Restricted Subsidiaries or any Person that becomes a Restricted Subsidiary
after the Closing Date (or of any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary); provided that, at the time of the incurrence thereof and after giving Pro
Forma Effect thereto, the aggregate principal amount of Indebtedness outstanding in reliance on this clause (xiv) shall not exceed the greater of $500,000,000 and 50.0% of Consolidated EBITDA for the most recently ended Test Period as of
such time; 
 (xv) Indebtedness of the Borrower or any of the Restricted Subsidiaries in an aggregate principal amount not
greater than the aggregate amount of cash contributions made to the capital of the Borrower or any other Restricted Subsidiary (to the extent Not Otherwise Applied) after the Closing Date; provided that (i) the aggregate principal amount
of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance on this clause (xv) (together with the aggregate principal amount of Indebtedness incurred in reliance on
Section 7.01(a)(ix) and outstanding of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party) shall not exceed, at the time of incurrence thereof, the greater of $100,000,000 and 10.0% of Consolidated
EBITDA for the most recently Test Period as of such time; 
 (xvi) Indebtedness of the Borrower or any Restricted Subsidiary
incurred at any time when the Payment Conditions are met; provided that such Indebtedness does not mature, or require any principal amortization, until the date that is 180 days after the Latest Maturity Date; 

(xvii) Indebtedness not in the form of an asset-based revolving credit facility of the type permitted by Section 6.01(a)
(xix) of the Term Credit Agreement as in effect on the Closing Date; 
 (xviii) Indebtedness consisting of (A) the
financing of insurance premiums or (B) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; 

(xix) Indebtedness supported by a Letter of Credit, in a principal amount not to exceed the face amount of such Letter of
Credit; 
 (xx) Indebtedness consisting of Permitted Term Debt and the Secured Notes, and any Permitted Refinancing thereof;

 (xxi) Indebtedness of any Restricted Subsidiary that is not a Loan Party; provided that the aggregate principal
amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in reliance of this clause (xxi) shall not exceed, at the time of incurrence thereof and after giving Pro Forma
Effect thereto, the greater of $100,000,000 and 10.0% of Consolidated EBITDA for the most recently ended Test Period; 

(xxii) Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in respect of letters of credit, bank
guarantees, warehouse receipts, bankers’ acceptances or similar instruments issued or created in the ordinary course of business or consistent with past practice, including in respect of workers compensation claims, health, disability or other
employee benefits or property, casualty or liability insurance or self-insurance or other reimbursement-type obligations regarding workers compensation claims; 

  
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 (xxiii) Indebtedness and obligations in respect of self-insurance and
obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided by the Borrower or any Restricted Subsidiary or obligations in respect of letters of credit, bank
guarantees or similar instruments related thereto, in each case, in the ordinary course of business or consistent with past practice; 

(xxiv) (x) Indebtedness representing deferred compensation or stock-based compensation owed to employees, consultants or
independent contractors of the Borrower or its Restricted Subsidiaries incurred in the ordinary course of business or consistent with past practice and (y) Indebtedness consisting of obligations of the Borrower (or any direct or indirect parent
thereof) or its Restricted Subsidiaries under deferred compensation to employees, consultants or independent contractors of the Borrower (or any direct or indirect parent thereof) or its Restricted Subsidiaries or other similar arrangements incurred
by such Persons in connection with the Transactions and Permitted Acquisitions or any other Investment permitted by this Agreement; 

(xxv) Indebtedness consisting of promissory notes issued by the Borrower or any Restricted Subsidiary to future, current or
former officers, directors, employees, managers and consultants or their respective estates, spouses or former spouses, successors, executors, administrators, heirs, legatees or distributees, in each case to finance the purchase or redemption of
Equity Interests of the Borrower (or any direct or indirect parent thereof) to the extent permitted by Section 7.07(a); 

(xxvi) Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in connection with a Qualified Securitization
Facility; 
 (xxvii) Indebtedness consisting of the Unsecured Notes and any Permitted Refinancing thereof; 

(xxviii) [reserved]; 

(xxix) (x) Indebtedness in respect of obligations of the Borrower or any Restricted Subsidiary to pay the deferred purchase
price of goods or services or progress payments in connection with such goods and services; provided that such obligations are incurred in connection with open accounts extended by suppliers on customary trade terms in the ordinary course of
business and not in connection with the borrowing of money and (y) Indebtedness in respect of intercompany obligations of the Borrower or any Restricted Subsidiary in respect of accounts payable incurred in connection with goods sold or
services rendered in the ordinary course of business and not in connection with the borrowing of money; 
 (xxx) Indebtedness
to a customer to finance the acquisition of any equipment necessary to perform services for such customer; provided that the terms of such Indebtedness are consistent with those entered into with respect to similar Indebtedness prior to the
Closing Date, including that (x) the repayment of such Indebtedness is conditional upon such customer ordering a specific volume of goods and (y) such Indebtedness does not bear interest or provide for scheduled amortization or maturity;

 (xxxi) Indebtedness incurred in connection with any sale-leaseback transaction; and 

(xxxii) all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or
contingent interest on obligations described in clauses (i) through (xxxi) above. 

  
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 (b) The Borrower will not, and will not permit any Restricted Subsidiary to, issue any
preferred Equity Interests or any Disqualified Equity Interests, except (A) in the case of the Borrower, preferred Equity Interests that are Qualified Equity Interests and (B)(x) preferred Equity Interests issued to and held by the Borrower or
any Restricted Subsidiary and (y) preferred Equity Interests issued to and held by joint venture partners after the Closing Date; provided that in the case of this clause (y) any such issuance of preferred Equity Interests
shall be deemed to be incurred Indebtedness and subject to the provisions set forth in Section 7.01(a) and (b). 

Section 7.02 Liens. The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist
any Lien on any property or asset now owned (but not leased) or hereafter acquired (but not leased) by it, except: 
 (a)
Liens created under the Loan Documents; 
 (b) Permitted Encumbrances; 

(c) Liens existing on the Closing Date; provided that any Lien securing Indebtedness or other obligations in excess of
$5,000,000 individually shall only be permitted if set forth on Schedule 7.02 (unless such Lien is permitted by another clause in this Section 7.02) and any modifications, replacements, renewals or extensions thereof;
provided, further, that such modified, replacement, renewal or extension Lien does not extend to any additional property other than (1) after-acquired property that is affixed or incorporated into the property covered by such
Lien or financed by Indebtedness permitted under Section 7.01 and (2) proceeds and products thereof; 

(d) Liens securing Indebtedness permitted under Section 7.01(a)(v); provided that (A) such Liens attach
concurrently with or within 270 days after the acquisition, repair, replacement, construction or improvement (as applicable) of the property subject to such Liens, (B) such Liens do not at any time encumber any property other than the property
financed by such Indebtedness except for replacements, additions, accessions and improvements to such property and the proceeds and the products thereof, and any lease of such property (including accessions thereto) and the proceeds and products
thereof and customary security deposits and (C) with respect to Capitalized Lease Obligations, such Liens do not at any time extend to or cover any assets (except for replacements, additions, accessions and improvements to or proceeds of such
assets) other than the assets subject to such Capitalized Lease Obligations; provided, further, that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment provided by
such lender; 
 (e) (i) easements, leases, licenses, subleases or sublicenses granted to others (including licenses and
sublicenses of Intellectual Property) that do not (A) interfere in any material respect with the business of the Borrower and its Restricted Subsidiaries, taken as a whole, or (B) secure any Indebtedness and (ii) any interest or
title of a lessor or licensee under any lease (including financing statements regarding property subject to lease) or license entered into by the Borrower or any Restricted Subsidiary not in violation of this Agreement; provided that with
respect to this clause (ii), such Liens are only in respect of the property subject to, and secure only, the respective lease (and any other lease with the same or an affiliated lessor); 

(f) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods; 
 (g) Liens (A) of a collection bank arising under Section 4-210 of the
Uniform Commercial Code, or any comparable or successor provision, on items in the course of collection; (B) attaching to pooling, commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business; or
(C) in favor of a banking or other financial institution or entity, or electronic payment service provider, encumbering deposits (including the right of setoff); 

(h) Liens (A) on cash advances or escrow deposits in favor of the seller of any property to be acquired in an Investment
permitted pursuant to Section 7.04 to be applied against the purchase price for such Investment or otherwise in connection with any escrow arrangements with respect to any such Investment or any Disposition permitted under
Section 7.05 (including any letter of intent or purchase agreement with respect to such Investment or Disposition), or (B) consisting of an agreement to dispose of any property in a Disposition permitted under
Section 7.05, in each case, solely to the extent such Investment or Disposition, as the case may be, would have been permitted on the date of the creation of such Lien; 

  
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 (i) Liens on property or other assets of any Restricted Subsidiary that is
not a Loan Party, which Liens secure Indebtedness of such Restricted Subsidiary or another Restricted Subsidiary that is not a Loan Party, in each case permitted under Section 7.01(a); 

(j) Liens granted by a Restricted Subsidiary that is not a Loan Party in favor of any Restricted Subsidiary and Liens granted
by a Loan Party in favor of any other Loan Party; 
 (k) Liens existing on property or other assets at the time of its
acquisition or existing on the property or other assets of any Person at the time such Person becomes a Restricted Subsidiary, in each case after the Closing Date and any modifications, replacements, renewals or extensions thereof; provided
that (A) such Lien was not created in contemplation of such acquisition or such Person becoming a Restricted Subsidiary and (B) such Lien does not extend to or cover any other assets or property (other than any replacements of such
property or assets and additions and accessions thereto, the proceeds or products thereof and other than after-acquired property subject to a Lien securing Indebtedness and other obligations incurred prior to such time and which Indebtedness and
other obligations are permitted hereunder that require or include, 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); 
 (l) rights of consignors of goods, whether or not perfected
by the filing of a financing statement or other registration, recording or filing; 
 (m) Liens arising out of conditional
sale, title retention, consignment or similar arrangements for sale or purchase of goods by any of the Borrower or any Restricted Subsidiaries in the ordinary course of business; 

(n) Liens deemed to exist in connection with Investments in repurchase agreements under clause (e) of the
definition of the term “Permitted Investments”; 
 (o) Liens encumbering reasonable customary initial deposits and
margin deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(p) Liens that are contractual rights of setoff (A) relating to the establishment of depository relations with banks not
given in connection with the incurrence of Indebtedness, (B) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Borrower and its Restricted
Subsidiaries or (C) relating to purchase orders and other agreements entered into with customers of the Borrower or any Restricted Subsidiary in the ordinary course of business; 

(q) ground leases in respect of real property on which facilities owned or leased by the Borrower or any of the Restricted
Subsidiaries are located; 
 (r) Liens on insurance policies and the proceeds thereof securing the financing of the premiums
with respect thereto; 
 (s) Liens on Securitization Assets incurred in connection with a Qualified Securitization Facility;

 (t) Liens on real property other than the Mortgaged Properties; 

  
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 (u) Settlement Liens; 

(v) Liens securing Indebtedness permitted under Section 7.01(a)(vii), (viii); (ix) or
(xx); provided, that any Lien incurred pursuant to this clause (v) shall (x) rank junior to the Liens securing the Obligations in respect of ABL Collateral and (y) shall be subject to the ABL/Bond Intercreditor
Agreement, or a Customary Intercreditor Agreement, as applicable; 
 (w) Liens securing Indebtedness permitted under
Section 7.01(a)(xvii); provided, that any Lien incurred pursuant to this clause (w) shall (x) rank junior to the Liens securing the Obligations in respect of ABL Collateral and (y) shall be subject to the
ABL/Bond Intercreditor Agreement, or a Customary Intercreditor Agreement, as applicable; 
 (x) Liens on cash and Permitted
Investments used to satisfy or discharge Indebtedness; provided such satisfaction or discharge is permitted hereunder; 

(y) Receipt of progress payments and advances from customers in the ordinary course of business to the extent the same creates
a Lien on the related inventory and proceeds thereof; 
 (z) Liens on Equity Interests of any joint venture or Unrestricted
Subsidiary (a) securing obligations of such joint venture or Unrestricted Subsidiary or (b) pursuant to the relevant joint venture agreement or arrangement; 

(aa) Liens on cash or Permitted Investments securing Swap Agreements in the ordinary course of business submitted for clearing
in accordance with applicable Requirements of Law; provided that aggregate outstanding amount of obligations secured by Liens existing in reliance on this clause (aa) shall not exceed the greater of $65,000,000 and 6.5% of Consolidated
EBITDA for the most recently ended Test Period as of such time; 
 (bb) other Liens; provided that at the time of the
granting thereof and after giving Pro Forma Effect to any such Lien and the obligations secured thereby (including the use of proceeds thereof) the lesser of (x) the aggregate outstanding face amount of obligations secured by Liens existing in
reliance on this clause (bb) and (y) the fair market value of the assets securing such obligations shall not exceed the greater of $200,000,000 and 20.0% of Consolidated EBITDA for the Test Period then last ended; provided, that any
Lien incurred pursuant to this clause (bb) shall (x) rank junior to the Liens securing the Obligations in respect of ABL Collateral and (y) shall be subject to the ABL/Bond Intercreditor Agreement, or a Customary Intercreditor Agreement,
as applicable; 
 (cc) other Liens; provided that (x) after giving effect to the incurrence of such Lien the
Payment Conditions are satisfied and (y) any Lien incurred pursuant to this clause (cc) shall (i) rank junior to the Liens securing the Obligations in respect of the ABL Collateral and (y) shall be subject to the ABL/Bond
Intercreditor Agreement or a Customary Intercreditor Agreement, as applicable; and 
 (dd) Liens in connection with
sale-leaseback transactions. 
 Section 7.03 Fundamental Changes. The Borrower will not, and will not permit any other
Restricted Subsidiary to, merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve (which, for the avoidance of doubt, shall not restrict the Borrower or any
Restricted Subsidiary from changing its organizational form), except that: 
 (i) any Restricted Subsidiary may merge or
consolidate with (A) the Borrower; provided that the Borrower shall be the continuing or surviving Person, or (B) any one or more other Restricted Subsidiaries; provided that when any Subsidiary Loan Party is merging or
consolidating with another Restricted Subsidiary (1) the continuing or surviving Person shall be a Subsidiary Loan Party or (2) if the continuing or surviving Person is not a Subsidiary Loan Party, the acquisition of such Subsidiary Loan
Party by such surviving Restricted Subsidiary is otherwise permitted under Section 7.04; 

  
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 (ii) (A) any Restricted Subsidiary that is not a Loan Party may merge
or consolidate with or into any other Restricted Subsidiary that is not a Loan Party and (B) any Restricted Subsidiary may liquidate or dissolve or change its legal form if the Borrower determines in good faith that such action is in the best
interests of the Borrower and its Restricted Subsidiaries and is not materially disadvantageous to the Lenders; 
 (iii) any
Restricted Subsidiary may make a Disposition of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower or another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan
Party, then (A) the transferee must be a Loan Party, (B) to the extent constituting an Investment, such Investment is a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 7.04 or
(C) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Loan Party, such Disposition is for fair market value (as determined in good faith by the Borrower) and any promissory note or other non-cash consideration
received in respect thereof is a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 7.04; 

(iv) the Borrower may merge or consolidate with (or Dispose of all or substantially all of its assets to) any other Person;
provided that (A) the Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger or consolidation is not the Borrower or is a Person into which the Borrower has been liquidated
(or, in connection with a Disposition of all or substantially all of the Borrower’s assets, if the transferee of such assets) (any such Person, the “Successor Borrower”), (1) the Successor Borrower shall be an entity
organized or existing under the laws of a Covered Jurisdiction, (2) the Successor Borrower shall expressly assume all the obligations of the Borrower under this Agreement and the other Loan Documents to which the Borrower is a party pursuant to
a supplement hereto or thereto in form and substance reasonably satisfactory to the Administrative Agent, (3) each Loan Party other than the Borrower, unless it is the other party to such merger or consolidation, shall have reaffirmed, pursuant
to an agreement in form and substance reasonably satisfactory to the Administrative Agent, that its Guarantee of and grant of any Liens as security for the Obligations shall apply to the Successor Borrower’s obligations under this Agreement and
(4) the Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer and an opinion of counsel, each stating that such merger or consolidation complies with this Agreement; provided, further,
that (y) if such Person is not a Loan Party, no Event of Default (or, to the extent related to a Permitted Acquisition or any Investment not prohibited by Section 7.04, no Specified Event of Default) shall exist after giving effect
to such merger or consolidation and (z) if the foregoing requirements are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement and the other Loan Documents; provided,
further, that the Borrower will use commercially reasonable efforts to provide any documentation and other information about the Successor Borrower as shall have been reasonably requested in writing by any Lender or LC Issuer through the
Administrative Agent that such Lender or LC Issuer shall have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including Title III of the USA
PATRIOT Act; 
 (v) any Restricted Subsidiary may merge, consolidate or amalgamate with any other Person in order to effect
an Investment permitted pursuant to Section 7.04; provided that the continuing or surviving Person shall be the Borrower or a Restricted Subsidiary, which together with each of the Restricted Subsidiaries, shall have complied with
the requirements of Sections 6.11 and 6.12; 
 (vi) any Restricted Subsidiary may effect a merger,
dissolution, liquidation consolidation or amalgamation to effect a Disposition permitted pursuant to Section 7.05; and 

(vii) the Borrower and its Restricted Subsidiaries may consummate the Acquisition. 

  
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 Section 7.04 Investments, Loans, Advances, Guarantees and Acquisitions. The
Borrower will not, and will not permit any Restricted Subsidiary to, make or hold any Investment, except: 
 (a) Permitted
Investments at the time such Permitted Investment is made and purchases of assets in the ordinary course of business consistent with past practice; 

(b) loans, advances and other credit extensions to officers, members of the Board of Directors and employees of the Borrower
and its Restricted Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation (including moving expenses and costs of replacement homes), business machines or supplies, automobiles and analogous ordinary
business purposes, (ii) in connection with such Person’s purchase of Equity Interests of the Borrower (or any direct or indirect parent thereof) (provided that the amount of such loans and advances made in cash to such Person shall
be contributed to the Borrower in cash as common equity or Qualified Equity Interests) and (iii) for purposes not described in the foregoing clauses (i) and (ii), in an aggregate principal amount outstanding under this clause
(iii) at any time not to exceed the greater of $100,000,000 and 10.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(c) Investments by the Borrower in any Restricted Subsidiary and Investments by any Restricted Subsidiary in any of the
Borrower or any other Restricted Subsidiary; provided that, in the case of any Investment by a Loan Party in a Restricted Subsidiary that is not a Loan Party, no Event of Default shall have occurred and be continuing or would result
therefrom; 
 (d) Investments consisting of (i) extensions of trade credit and accommodation guarantees in the ordinary
course of business and (ii) loans and advances to customers; provided that the aggregate principal amount of such loans and advances outstanding under this clause (ii) at any time shall not exceed the greater of $25,000,000 and 2.5%
of Consolidated EBITDA for the most recently ended Test Period as of such time; 
 (e) Investments (i) existing or
contemplated on the Closing Date and set forth on Schedule 7.04(e) and any modification, replacement, renewal, reinvestment or extension thereof and (ii) Investments existing on the Closing Date by the Borrower or any Restricted
Subsidiary in the Borrower or any Restricted Subsidiary and any modification, renewal or extension thereof; provided that the amount of the original Investment is not increased except by the terms of such Investment to the extent as set forth
on Schedule 7.04(e) or as otherwise permitted by this Section 7.04; 
 (f) Investments in Swap
Agreements incurred in the ordinary course of business and not for speculative purposes; 
 (g) promissory notes and other
non-cash consideration received in connection with Dispositions permitted by Section 7.05; 
 (h) Permitted
Acquisitions; 
 (i) the Transactions; 

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

(k) Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization
of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers or upon the foreclosure with respect to any secured Investment or other transfer of title with respect to any secured
Investment; 

  
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 (l) (i) loans and advances to the Borrower (or any direct or indirect parent
thereof) (x) in lieu of, and not in excess of the amount of (after giving effect to any other loans, advances or Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be made to the Borrower (or such parent) in
accordance with Section 7.07(a) and (y) to the extent the proceeds thereof are contributed or loaned or advanced to another Restricted Subsidiary and (ii) Investments or Guarantees with respect to any direct or indirect parent of the
Borrower that could otherwise be made as a Restricted Payment under Section 7.07, so long as the amount of such Investment or Guarantee is deducted from the amount available to be made as a Restricted Payment under the applicable clause
of Section 7.07; 
 (m) additional Investments and other acquisitions; provided that at the time any such
Investment or other acquisition is made, the aggregate outstanding amount of such Investment or acquisition made in reliance on this clause (m), together with the aggregate amount of all consideration paid in connection with all other
Investments and acquisitions made in reliance on this clause (m) (including the aggregate principal amount of all Indebtedness assumed in connection with any such other Investment or acquisition previously made under this clause (m)), shall not
exceed the sum of (A) the greater of $500,000,000 and 50.0% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such Investment or other acquisition, plus (B) the Available
Equity Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such Investment; 
 (n)
advances of payroll payments to employees in the ordinary course of business; 
 (o) Investments and other acquisitions
to the extent that payment for such Investments is made with Qualified Equity Interests of the Borrower (or any direct or indirect parent thereof); 

(p) Investments of a Subsidiary acquired after the Closing Date or of a Person merged or consolidated with any Subsidiary in
accordance with this Section 7.04 and Section 7.03 after the Closing Date or that otherwise becomes a Subsidiary (provided that if such Investment is made under Section 7.04(h), existing Investments in
subsidiaries of such Subsidiary or Person shall comply with the requirements of Section 7.04(h)) to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and
were in existence on the date of such acquisition, merger or consolidation; 
 (q) receivables owing to the Borrower or any
Restricted Subsidiary, if created or acquired in the ordinary course of business; 
 (r) Investments (A) for utilities,
security deposits, leases and similar prepaid expenses incurred in the ordinary course of business and (B) trade accounts created, or prepaid expenses accrued, in the ordinary course of business; 

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

(t) additional Investments so long as at the time of any such Investment and after giving effect thereto, the Payment
Conditions are met; 
 (u) Investments consisting of Indebtedness, Liens, fundamental changes, Dispositions and Restricted
Payments permitted (other than by reference to this Section 7.04(v)) under Sections 7.01, 7.02, 7.03, 7.05 and 7.07, respectively; 

(v) contributions to a “rabbi” trust for the benefit of employees, directors, consultants, independent contractors or
other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Borrower; 

  
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 (w) to the extent that they constitute Investments, purchases and
acquisitions of inventory, supplies, materials or equipment or purchases, acquisitions, licenses or leases of other assets, Intellectual Property, or other rights, in each case in the ordinary course of business; 

(x) any Investment in any Subsidiary or any joint venture in connection with intercompany cash management arrangements or
related activities arising in the ordinary course of business; 
 (y) Investments by an Unrestricted Subsidiary entered into
prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”; 

(z) Investments in or relating to a Securitization Subsidiary that, in the good faith determination of the Borrower are
necessary or advisable to effect any Qualified Securitization Facility or any repurchase obligation in connection therewith, including, without limitation, Investments of funds held in accounts permitted or required by the arrangements governing
such Qualified Securitization Facilities or any related Indebtedness; 
 (aa) Investments in the ordinary course of business
in connection with Settlements; 
 (bb) Investments arising as a result of sale-leaseback transactions; and 

(cc) Investments in joint ventures and Unrestricted Subsidiaries in an aggregate principal amount outstanding at any time not
to exceed the greater of $200,000,000 and 20.0% of Consolidated EBITDA for the most recently ended Test Period as of such time. 

Section 7.05 Asset Sales. The Borrower will not, and will not permit any Restricted Subsidiary to, (i) voluntarily sell,
transfer, lease or otherwise dispose of any asset, including any Equity Interest owned by it or (ii) permit any Restricted Subsidiary to issue any additional Equity Interest in such Restricted Subsidiary (other than issuing directors’
qualifying shares, nominal shares issued to foreign nationals to the extent required by applicable Requirements of Law and other than issuing Equity Interests to the Borrower or a Restricted Subsidiary in compliance with Section 7.04(c))
(each, a “Disposition” and the term “Dispose” as a verb has the corresponding meaning), except: 

(a) Dispositions of obsolete, damaged, used, surplus or worn out property, whether now owned or hereafter acquired, and
Dispositions of non-core assets or property, including assets or property, no longer used or useful, or economically practicable to maintain, in the conduct of the core or principal business of the Borrower and its Restricted Subsidiaries (including
allowing any registration or application for registration of any Intellectual Property that is no longer used or useful, or economically practicable to maintain, to lapse, go abandoned, or be invalidated); 

(b) Dispositions of inventory and other assets (including Settlement Assets) in the ordinary course of business or consistent
with past practice or held for sale or no longer used in the ordinary course of business and immaterial assets (considered in the aggregate) in the ordinary course of business; 

(c) Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of
similar replacement property or (ii) an amount equal to Net Proceeds of such Disposition are promptly applied to the purchase price of such replacement property; 

(d) Dispositions of property to the Borrower or a Restricted Subsidiary; provided that if the transferor in such a
transaction is a Loan Party, then either (i) the transferee must be a Loan Party, (ii) to the extent constituting an Investment, such Investment must be a permitted Investment in a Restricted Subsidiary that is not a Loan Party in
accordance with Section 7.04 or (iii) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Loan Party, such Disposition is for fair market value (as determined in good faith by the Borrower) and any promissory
note or other non-cash consideration received in respect thereof is a permitted investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 7.04; 

  
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 (e) Dispositions permitted by Section 7.03, Investments
permitted by Section 7.04, Restricted Payments permitted by Section 7.07 and Liens permitted by Section 7.02; 

(f) Dispositions of property acquired by the Borrower or any of the Restricted Subsidiaries after the Closing Date pursuant to
sale-leaseback transactions; 
 (g) Dispositions of Permitted Investments; 

(h) Dispositions or forgiveness of accounts receivable in the ordinary course of business in connection with the collection or
compromise thereof (including sales to factors or other third parties); 
 (i) leases, subleases, service agreements, product
sales, licenses or sublicenses (including licenses and sublicenses of Intellectual Property), in each case that do not materially interfere with the business of the Borrower and its Restricted Subsidiaries, taken as a whole; 

(j) transfers of property subject to Casualty Events; 

(k) so long as no Event of Default shall have occurred and be continuing or would result therefrom (at the time of execution of
a binding agreement in respect of such Disposition), Dispositions of property to Persons other than Restricted Subsidiaries (including the sale or issuance of Equity Interests of a Restricted Subsidiary) for fair market value (as determined by a
Responsible Officer of the Borrower in good faith) not otherwise permitted under this Section 7.05; provided that with respect to any Disposition pursuant to this clause (k) for a purchase price in excess of the
greater of $135,000,000 and 13.5% of Consolidated EBITDA for the most recently ended Test Period as of such time, the Borrower or any Restricted Subsidiary shall receive not less than 75% of such consideration in the form of cash or Permitted
Investments; provided, however, that solely for the purposes of this clause (k), (A) any liabilities (as shown on the most recent balance sheet of the Borrower or such Restricted Subsidiary or in the footnotes thereto) of the
Borrower or such Restricted Subsidiary, other than liabilities that are by their terms subordinated in right of payment to Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which the Borrower and all
of the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, shall be deemed to be cash, (B) any securities, notes or other obligations or assets received by the Borrower or such Restricted Subsidiary
from such transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Permitted Investments (to the extent of the cash or Permitted Investments received) within one hundred and eighty (180) days following the
closing of the applicable Disposition, shall be deemed to be cash, (C) Indebtedness of any Restricted Subsidiary that ceases to be a Restricted Subsidiary as a result of such Disposition (other than intercompany debt owed to the Borrower or its
Restricted Subsidiaries), to the extent that the Borrower and all of the Restricted Subsidiaries (to the extent previously liable thereunder) are released from any guarantee of payment of the principal amount of such Indebtedness in connection with
such Disposition, shall be deemed to be cash and (D) any Designated Non-Cash Consideration received by the Borrower or such Restricted Subsidiary in respect of such Disposition having an aggregate fair market value (as determined by a
Responsible Officer of the Borrower in good faith), taken together with all other Designated Non-Cash Consideration received pursuant to this clause (k) that is at that time outstanding, not in excess of the greater of $135,000,000 and
13.5% of Consolidated EBITDA for the most recently ended Test Period as of such time at the time of the receipt of such Designated Non-Cash Consideration, with the fair market value (as determined in good faith by the Borrower) of each item of
Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value, shall be deemed to be cash; provided, further, that if assets of a type that would comprise
ABL Collateral are disposed of with an aggregate value of more than the greater of $100,000,000 and 7.5% of the Borrowing Base since the date of the most recent delivery of a Borrowing Base Certificate, to the extent and for so long as the Borrowing
Base is an amount less than 120.0% of the Maximum Borrowing Amount, the Borrower shall provide an updated Borrowing Base Certificate pro forma for such Disposition within three (3) days of such Disposition. 

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

(m) other Dispositions so long as (i) such Dispositions do not constitute a sale of all or substantially all of the
Borrower’s assets and (ii) the applicable Payment Conditions are satisfied on a Pro Forma Basis; 
 (n)
Dispositions of any assets (including Equity Interests) (A) acquired in connection with any Permitted Acquisition or other Investment not prohibited hereunder, which assets are not used or useful to the core or principal business of the
Borrower and its Restricted Subsidiaries and/or (B) made to obtain the approval of any applicable antitrust authority in connection with a Permitted Acquisition; 

(o) any Disposition of Securitization Assets or any participations thereof by a Restricted Subsidiary that is not a Loan Party
in connection with or any Qualified Securitization Facility; 
 (p) transfers of condemned property as a result of the
exercise of “eminent domain” or other similar powers to the respective Governmental Authority or agency that has condemned the same (whether by deed in lieu of condemnation or otherwise), and transfers of property arising from foreclosure
or similar action or that have been subject to a casualty to the respective insurer of such real property as part of an insurance settlement; and 

(q) any Disposition of the Equity Interests of any Immaterial Subsidiary or Unrestricted Subsidiary. 

Section 7.06 [Reserved]. 

Section 7.07 Restricted Payments; Certain Payments of Indebtedness. 

(a) The Borrower will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly,
any Restricted Payment, except: 
 (i) each Restricted Subsidiary may make Restricted Payments to the Borrower or any other
Restricted Subsidiary; provided that in the case of any such Restricted Payment by a Restricted Subsidiary that is not a Wholly Owned Subsidiary of the Borrower, such Restricted Payment is made to the Borrower, any Restricted Subsidiary and
to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests; 

(ii) the Borrower and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely
in the Equity Interests of such Person; 
 (iii) Restricted Payments made to consummate the Transactions; 

(iv) repurchases of Equity Interests in the Borrower (or any direct or indirect parent of the Borrower) or any Restricted
Subsidiary deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price or withholding taxes payable in connection with the exercise of such options or warrants or other incentive
interests; 
 (v) Restricted Payments to the Borrower, which the Borrower may use to redeem, acquire, retire, repurchase or
settle its Equity Interests (or any options, warrants, restricted stock or stock appreciation rights or similar securities issued with respect to any such Equity Interests) or Indebtedness or to service Indebtedness incurred by the Borrower or any
direct or indirect parent companies of the Borrower to finance the redemption, acquisition, retirement, repurchase or settlement of such Equity Interest or Indebtedness (or make Restricted Payments to allow any of the Borrower’s direct or
indirect parent companies to so redeem, 

  
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retire, acquire or repurchase their Equity Interests or their Indebtedness or to service Indebtedness incurred by the Borrower to finance the redemption, acquisition, retirement, repurchase or
settlement of such Equity Interests or Indebtedness or to service Indebtedness incurred to finance the redemption, retirement, acquisition or repurchase of such Equity Interests or Indebtedness), held directly or indirectly by current or former
officers, managers, consultants, members of the Board of Directors, employees or independent contractors (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees) of the Borrower (or any
direct or indirect parent thereof) and its Restricted Subsidiaries, upon the death, disability, retirement or termination of employment of any such Person or otherwise in accordance with any stock option or stock appreciation rights plan, any
management, director and/or employee stock ownership or incentive plan, stock subscription plan, employment termination agreement or any other employment agreements or equity holders’ agreement in an aggregate amount after the Closing Date
together with the aggregate amount of loans and advances to the Borrower made pursuant to Section 7.04(m) in lieu of Restricted Payments permitted by this clause (v) not to exceed the greater of $200,000,000 and 20.0% of
Consolidated EBITDA for the most recently ended Test Period as of such time in any calendar year with unused amounts in any calendar year being carried over to succeeding calendar years subject to a maximum of the greater of $400,000,000 and 40.0%
of Consolidated EBITDA for the most recently ended Test Period as of such time in any calendar year (without giving effect to the following proviso); provided that such amount in any calendar year may be increased by (1) an amount not to
exceed the cash proceeds of key man life insurance policies received by the Borrower (or any direct or indirect parent thereof and contributed to the Borrower) or the Restricted Subsidiaries after the Closing Date, or (2) the amount of any bona
fide cash bonuses otherwise payable to members of the Board of Directors, consultants, officers, employees, managers or independent contractors of the Borrower or any Restricted Subsidiary that are foregone in return for the receipt of Equity
Interests, the fair market value of which is equal to or less than the amount of such cash bonuses, which, if not used in any year, may be carried forward to any subsequent fiscal year; provided, further, that cancellation of
Indebtedness owing to the Borrower or any Restricted Subsidiary from members of the Board of Directors, consultants, officers, employees, managers or independent contractors (or their respective spouses, former spouses, successors, executors,
administrators, heirs, legatees or distributees) of the Borrower or any Restricted Subsidiary in connection with a repurchase of Equity Interests of the Borrower (or any direct or indirect parent thereof) will not be deemed to constitute a
Restricted Payment for purposes of this Section 7.07 or any other provisions of this Agreement. 
 (vi) additional
Restricted Payments provided that the Payment Conditions are met; 
 (vii) the Borrower and its Restricted Subsidiaries may
make Restricted Payments in cash to Borrower or any direct or indirect parent of Borrower: 
 (A) as distributions by the
Borrower or any Restricted Subsidiary to Borrower (or any direct or indirect parent of the Borrower) in amounts required for the Borrower (or any direct or indirect parent of the Borrower) to pay with respect to any taxable period in which the
Borrower and/or any of its Subsidiaries is a member of (or is a flow-through entity for U.S. federal income tax purposes owned directly or indirectly by one or more such members of) a consolidated, combined, unitary or similar tax group (a
“Tax Group”) of which the Borrower or any other direct or indirect parent of the Borrower is the common parent, U.S. federal, state and local and foreign taxes that are attributable to the taxable income of the Borrower and/or its
Subsidiaries; provided that for each taxable period, the amount of such payments made in respect of such taxable period in the aggregate shall not exceed the amount of such taxes that the Borrower and its Subsidiaries would have been required
to pay if they were a stand-alone Tax Group with the Borrower as the corporate common parent of such stand-alone Tax Group (collectively, “Tax Distributions”); 

(B) the proceeds of which shall be used by any direct or indirect parent of the Borrower to pay (or to make Restricted Payments
to allow any direct or indirect parent of the Borrower to pay) (1) its operating expenses incurred in the ordinary course of business and other corporate overhead costs and expenses (including administrative, legal, accounting and similar
expenses payable to third parties) that are reasonable and customary and incurred in the ordinary 

  
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course of business, (2) any reasonable and customary indemnification claims made by members of the Board of Directors or officers, employees, directors, managers, consultants or independent
contractors of the Borrower (or any parent thereof) attributable to the ownership or operations of the Borrower and its Restricted Subsidiaries, (3) fees and expenses (x) due and payable by any of the Borrower and its Restricted
Subsidiaries and (y) otherwise permitted to be paid by the Borrower and its Restricted Subsidiaries under this Agreement, (4) to the extent constituting a Restricted Payment amounts due and payable pursuant to any investor management
agreement entered into with the Investors after the Closing Date in an aggregate amount not to exceed the amount permitted to be paid pursuant to Section 6.17(iv) and (5) amounts that would otherwise be permitted to be paid pursuant
to Section 6.17(iii) or (xi); 
 (C) the proceeds of which shall be used by any direct or indirect parent
of the Borrower to pay franchise and similar Taxes, and other fees and expenses, required to maintain its corporate or other legal existence; 

(D) to finance any Investment made by the Borrower (or any direct or indirect parent of the Borrower), that, if made by the
Borrower, would be permitted to be made pursuant to Section 7.04; provided that (A) such Restricted Payment shall be made substantially concurrently with the closing of such Investment and (B) the Borrower (or any direct
or indirect parent of the Borrower) shall, immediately following the closing thereof, cause (1) all property acquired (whether assets or Equity Interests but not including any loans or advances made pursuant to Section 7.04(b)) to
be contributed to the Borrower or its Restricted Subsidiaries or (2) the Person formed or acquired to merge into or consolidate with the Borrower or any of the Restricted Subsidiaries to the extent such merger or consolidation is permitted in
Section 7.03) in order to consummate such Investment, in each case in accordance with the requirements of Sections 6.11 and 6.12; 

(E) the proceeds of which shall be used to pay (or to make Restricted Payments to allow the Borrower or any direct or indirect
parent thereof to pay) fees and expenses related to any equity or debt offering; 
 (F) the proceeds of which shall be used
to pay customary salary, bonus and other benefits payable to officers and employees of the Borrower or any direct or indirect parent company of the Borrower to the extent such salaries, bonuses and other benefits are attributable to the ownership or
operation of the Borrower and its Restricted Subsidiaries; and 
 (G) the proceeds of which shall be used to make payments
permitted by clause (b)(iv) and (b)(v) of Section 7.07; 
 (viii) in addition to the foregoing
Restricted Payments, the Borrower may make additional Restricted Payments, in an aggregate amount, not to exceed the Available Equity Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such Restricted
Payment; 
 (ix) redemptions in whole or in part of any of its Equity Interests for another class of its Equity Interests or
with proceeds from substantially concurrent equity contributions or issuances of new Equity Interests; 
 (x) payments made
or expected to be made in respect of withholding or similar Taxes payable by any future, present or former employee, director, manager or consultant and any repurchases of Equity Interests in consideration of such payments including deemed
repurchases in connection with the exercise of stock options and the vesting of restricted stock and restricted stock units; 

(xi) the Borrower may (a) pay cash in lieu of fractional Equity Interests in connection with any dividend, split or
combination thereof or any Permitted Acquisition (or other similar Investment) and (b) honor any conversion request by a holder of convertible Indebtedness and make cash payments in lieu of fractional shares in connection with any such
conversion and may make payments on convertible Indebtedness in accordance with its terms; 

  
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 (xii) payments made or expected to be made by the Borrower or any Restricted
Subsidiary in respect of withholding or similar taxes payable upon exercise of Equity Interests by any future, present or former employee, director, officer, manager or consultant (or their respective controlled Affiliates or permitted transferees)
and any repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants or required withholding or similar taxes; 

(xiii) the distribution, by dividend or otherwise, of shares of Equity Interests of, or Indebtedness owed to the Borrower (or
any direct or indirect parent thereof) or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are Permitted Investments); 

(xiv) the declaration and payment of Restricted Payments on the Borrower’s common stock (or the payment of Restricted
Payments to any direct or indirect parent company of the Borrower to fund a payment of dividends on such company’s common stock), following consummation of any public offering, of up to 6.0% per annum of the net cash proceeds of such
public offering received by or contributed to the Borrower, other than public offerings registered on Form S-8; 
 (xv)
additional Restricted Payments in an amount not to exceed the greater of $150,000,000 and 15.0% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such Restricted Payment; and 

(xvi) any distributions or payments of Securitization Fees. 

(b) The Borrower will not, and will not permit any Restricted Subsidiary to, make or agree to pay or make, directly or indirectly, any payment
or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Junior Financing, or any payment or other distribution (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Junior Financing, or any other payment (including any payment under any Swap Agreement) that has a substantially similar
effect to any of the foregoing, except: 
 (i) payment of regularly scheduled interest and principal payments, mandatory
offers to repay, repurchase or redeem, mandatory prepayments of principal premium and interest, and payment of fees, expenses and indemnification obligations, with respect to such Junior Financing, other than payments in respect of any Junior
Financing prohibited by the subordination provisions thereof; 
 (ii) refinancings of Indebtedness to the extent permitted by
Section 7.01; 
 (iii) the conversion of any Junior Financing to Equity Interests (other than Disqualified Equity
Interests) of the Borrower or any of its direct or indirect parent companies, and any payment that is intended to prevent any Junior Financing from being treated as an “applicable high yield discount obligation” within the meaning of
Section 163(i)(1) of the Code; 
 (iv) prepayments, redemptions, repurchases, defeasances and other payments in respect
of Junior Financings prior to their scheduled maturity in an aggregate amount, not to exceed the sum of (A) an amount at the time of making any such prepayment, redemption, repurchase, defeasance or other payment and together with any other
prepayments, redemptions, repurchases, defeasances and other payments made utilizing this subclause (A) not to exceed the greater of $150,000,000 and 15.0% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma
Effect to the making of such prepayment, redemption, purchase, defeasance or other payment plus (B) the Available Equity Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such Investment; 

  
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 (v) payments made in connection with the Transactions; 

(vi) [reserved]; 

(vii) prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financing prior to their
scheduled maturity; provided that at the time of such payment the Payment Conditions are met; and 
 (viii) prepayment
of Junior Financing owed to the Borrower or a Restricted Subsidiary or the prepayment of Permitted Refinancing of such Indebtedness with the proceeds of any other Junior Financing. 

Section 7.08 [Reserved]. 

Section 7.09 Restrictive Agreements. The Borrower will not, and will not permit any Restricted Subsidiary to enter into any agreement,
instrument, deed or lease that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of their respective properties or revenues, whether now owned or hereafter acquired, for the benefit of
the Secured Creditors with respect to the Obligations or under the Loan Documents; provided that the foregoing shall not apply to: 

(a) restrictions and conditions imposed by (1) Requirements of Law, (2) any Loan Document, the Term Loan Documents,
the Secured Notes or the Unsecured Notes (3) any documentation governing Permitted Term Debt, (4) any documentation governing Indebtedness incurred pursuant to Section 7.01(a)(xx), (xxi) or (xxvi) and
(5) any documentation governing any Permitted Refinancing incurred to refinance any such Indebtedness referenced in clauses (1) through (4) above; 

(b) customary restrictions and conditions existing on the Closing Date and any extension, renewal, amendment, modification or
replacement thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition; 

(c) 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; 

(d) customary provisions in leases, licenses and other contracts restricting the assignment thereof; 

(e) restrictions imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent such
restriction applies only to the property securing such Indebtedness; 
 (f) any restrictions or conditions set forth in any
agreement in effect at any time any Person becomes a Restricted Subsidiary (but not any modification or amendment expanding the scope of any such restriction or condition); provided that such agreement was not entered into in contemplation of
such Person becoming a Restricted Subsidiary and the restriction or condition set forth in such agreement does not apply to the Borrower or any Restricted Subsidiary; 

(g) restrictions or conditions in any Indebtedness permitted pursuant to Section 7.01 that is incurred or assumed
by Restricted Subsidiaries that are not Loan Parties to the extent such restrictions or conditions are no more restrictive in any material respect than the restrictions and conditions in the Loan Documents or, in the case of Junior Financing, are
market terms at the time of issuance and are imposed solely on such Restricted Subsidiary and its Subsidiaries; 
 (h)
restrictions on cash (or Permitted Investments) or other deposits imposed by agreements entered into in the ordinary course of business (or other restrictions on cash or deposits constituting Permitted Encumbrances); 

  
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 (i) restrictions set forth on Schedule 7.09 and any extension,
renewal, amendment, modification or replacement thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition; 

(j) customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted by
Section 7.04; 
 (k) customary restrictions contained in leases, subleases, licenses, sublicenses or asset sale
agreements otherwise permitted hereby so long as such restrictions relate only to the assets subject thereto; 
 (l)
customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Borrower or any Restricted Subsidiary; and 

(m) customary net worth provisions contained in real property leases entered into by Subsidiaries, so long as the Borrower has
determined in good faith that such net worth provisions would not reasonably be expected to impair the ability of the Borrower and its Subsidiaries to meet their ongoing obligations. 

Section 7.10 Amendment of Junior Financing. The Borrower will not, and will not permit any Restricted Subsidiary to, amend or modify
the documentation governing any Junior Financing, in each case, if the effect of such amendment or modification is materially adverse to the Lenders; provided that such modification will not be deemed to be materially adverse if such Junior
Financing could be otherwise incurred under this Agreement (including as Indebtedness that does not constitute a Junior Financing) with such terms as so modified at the time of such modification. 

Section 7.11 Changes in Fiscal Periods. The Borrower will not make any change in fiscal year; provided, however, that the
Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby
authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year. 
 Section
7.12 Fixed Charge Coverage Ratio. The Borrower will not permit its Fixed Charge Coverage Ratio for any Test Period following the Closing Date to be lower than 1.00 to 1.00; provided that such Fixed Charge Coverage Ratio will only be
tested (a) upon the occurrence of a Trigger Event, as of the last day of the Test Period ending immediately prior to the date on which a Trigger Event shall have occurred and (b) as of the last day of each Test Period thereafter until such
Trigger Event is no longer continuing. For the purpose of determining compliance with the covenant set forth in this Section 7.12, (i) all calculations shall be on a Pro Forma Basis and (ii) any cash equity contribution (which
equity shall be common equity, Qualified Equity Interests or other equity (other than Disqualified Equity Interests) (such other equity to be on terms reasonably acceptable to the Administrative Agent) made to the Borrower, directly or indirectly,
by one or more of its equityholders after the beginning of the relevant fiscal quarter and during the Specified Contribution Period, will, at the written direction of Borrower, be included in the calculation of Consolidated EBITDA solely for the
purposes of determining compliance with the covenant set forth in this Section 7.12 at the end of such fiscal quarter where the Specified Equity Contribution is made, and applicable subsequent periods which includes such fiscal quarter
(any such equity contribution so included in the calculation of Consolidated EBITDA, a “Specified Equity Contribution”); provided that, (A) in each trailing four fiscal quarter period, there shall be at least one fiscal
quarter in respect of which no Specified Equity Contribution is made, (B) the amount of any Specified Equity Contribution shall be no greater than the amount required to cause the Borrower to be in compliance with the covenant set forth in this
Section 7.12, (C) during any fiscal quarter in which a Specified Equity Contribution has been made, other than as set forth above in this paragraph, such Specified Equity Contributions shall be disregarded for all other purposes,
including for purposes of determining any financial ratio-based conditions, pricing or any baskets with respect to any other covenants contained in this Agreement, (D) there shall be no Pro Forma Effect or other reduction in Indebtedness,
including Total Funded Debt, with the proceeds of any Specified Equity Contribution for determining compliance with the Fixed Charge Coverage Ratio for the fiscal quarter in which such Specified Equity Contribution is made; provided that to
the extent such proceeds are applied to prepay Total Funded Debt, such reduction may be given effect in determining compliance with the Fixed Charge Coverage Ratio on subsequent Compliance Dates and (E) no more than five (5) Specified
Equity Contributions shall be made during the term of the Initial Revolving Facility. 

  
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 ARTICLE VIII 

EVENTS OF DEFAULT 
 Section 8.01
Events of Default. If any of the following events (any such event, an “Event of Default”) shall occur: 

(a) any Loan Party shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any Letter of
Credit when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

(b) any Loan Party shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to
in paragraph (a) of this Section 8.01) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five (5) Business Days; 

(c) any representation or warranty made or deemed made by or on behalf of the Borrower or any of the Restricted Subsidiaries in
connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with any Loan Document or any amendment or
modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made, and such incorrect representation or warranty (if curable) shall remain incorrect for a period of 30 days after written
notice thereof from the Administrative Agent to the Borrower (such period, the “Representation Cure Period”); provided that this clause (c) shall be limited on the Closing Date to the Specified Representations and the
Specified Acquisition Agreement Representations; 
 (d) the Borrower or any of the Restricted Subsidiaries shall fail to
observe or perform any covenant, condition or agreement contained in Sections 2.21(c) and (d), 6.02, 6.04 (with respect to the existence of the Borrower or such Restricted Subsidiaries), 6.10, 6.14 or in
Article VII; provided that, notwithstanding anything to the contrary contained herein, with respect to Section 7.12, if applicable, an Event of Default shall not occur until the start of the 11th day (such 11 day
period, the “Specified Contribution Period”) subsequent to the occurrence of a Trigger Event or the date the certificate calculating compliance with Section 7.12 as of the last day of any fiscal quarter is required to be
delivered pursuant Section 6.01 with respect to such fiscal quarter or fiscal year, as applicable; 
 (e) the
Borrower or any of the Restricted Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in any Loan Document (other than those specified in paragraph (a), (b) or (d) of this
Section 8.01), and such failure shall continue unremedied for a period of (x) five (5) Business Days in the case of a failure to deliver the documentation required pursuant to Section 6.01(j) (except when a
Liquidity Event has occurred and is continuing, in which case no grace period shall apply), and (y) thirty (30) days after written notice thereof from the Administrative Agent to the Borrower in all other cases; provided that any Default
or Event of Default which may occur as a result of the failure to timely meet any delivery requirements under the Loan Documents shall cease to exist upon any delivery otherwise in compliance with such requirement. 

(f) the Borrower or any of the Restricted Subsidiaries shall fail to make any payment (whether of principal or interest
and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect to any applicable grace period); 

  
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 (g) any event or condition occurs that results in any Material Indebtedness
becoming due prior to its scheduled maturity or that enables or permits (with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material
Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, provided that this paragraph (g) shall not apply to (i) secured Indebtedness that becomes due
as a result of the sale, transfer or other disposition (including as a result of a casualty or condemnation event) of the property or assets securing such Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under
this Agreement) or (ii) termination events or similar events occurring under any Swap Agreement that constitutes Material Indebtedness (it being understood that paragraph (f) of this Section 8.01 will apply to any
failure to make any payment required as a result of any such termination or similar event); 
 (h) an involuntary proceeding
shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, court protection, reorganization or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a material part of its assets,
under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, examiner, sequestrator, conservator or similar official for the
Borrower or any Material Subsidiary or for a material part of its assets, and, in any such case, such proceeding or petition shall continue undismissed and unstayed for 60 days or an order or decree approving or ordering any of the foregoing
shall be entered; 
 (i) the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file
any petition seeking liquidation, court protection, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail
to contest in a timely and appropriate manner, any proceeding or petition described in paragraph (h) of this Section 8.01, (iii) apply for or consent to the appointment of a receiver, trustee, examiner, custodian, sequestrator,
conservator or similar official for the Borrower or any Material Subsidiary or for a material part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding or (v) make a
general assignment for the benefit of creditors; 
 (j) one or more enforceable judgments for the payment of money in an
amount in excess of the Threshold Amount individually (to the extent not covered by insurance as to which the insurer has been notified of such judgment or order and has not denied coverage) shall be rendered against the Borrower and any of the
Restricted Subsidiaries or any combination thereof and the same shall remain undischarged for a period of 90 consecutive days during which execution shall not be effectively stayed, or any judgment creditor shall legally attach or levy upon
assets of such Loan Party that are material to the businesses and operations of the Borrower and its Restricted Subsidiaries, taken as a whole, to enforce any such judgment; 

(k) an ERISA Event occurs that has resulted or would reasonably be expected to result in a Material Adverse Effect; 

(l) any Security Document pursuant to which the assets of the Borrower or any Material Subsidiary are pledged as Collateral,
shall for any reason (other than pursuant to the terms hereof or thereof including as a result of any transaction permitted hereunder) cease to create a valid and perfected Lien, with the priority required by the Security Documents (or other
security purported to be created on the applicable Collateral) on, and security interest in, any material portion of the Collateral purported to be covered thereby and such failure shall have continued unremedied for a period of ten
(10) Business Days after the date on which an Responsible Officer of the Borrower obtains knowledge of such failure, subject to Liens permitted hereunder, except to the extent (i) such failure results from a sale or other disposition of
Collateral to a Person that is not a Loan Party in a transaction permitted under the Loan Documents, (ii) such failure of perfected security interest may be remedied by the filing of appropriate documentation without the loss of priority,
(iii) such failure results from the failure by the Administrative Agent or any Secured Creditor to (A) maintain possession of any stock certificates, promissory notes or other instruments delivered to it under the Security Documents or
(B) file UCC continuation financing statements, (iv) as to Collateral consisting of Material Real Property to the extent that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage or
(v) such failure results from acts or omissions of the Administrative Agent or any Secured Creditor; or 

  
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 (m) a Change of Control shall occur. 

For the avoidance of doubt, (i) any “going concern” or like qualification or exception in connection with an upcoming maturity
date of any Indebtedness or any actual failure to satisfy a financial maintenance covenant or any potential inability to satisfy a financial maintenance covenant on a future date or in a future period or any projected Default or Event of Default in
connection with financial statements delivered pursuant to Section 6.01(a) shall not be a Default or Event of Default, (ii) any Default or Event of Default which may have occurred shall cease to exist upon compliance with such requirement,
including with respect to an Event of Default pursuant to (x) Section 8.01(a) or Section 8.01(b) upon payment of any overdue amounts and (y) the failure to timely meet any delivery requirements under the Loan Documents, upon any
delivery otherwise in compliance with such requirement, and (iii) the failure of any representation or warranty (other than the Specified Representations and the Specified Acquisition Agreement Representations) to be true and correct on the
Closing Date will not constitute a Default or Event of Default hereunder. 
 Section 8.02 Remedies. If any Event of Default shall
then be continuing, the Administrative Agent (i) may, in its discretion, or (ii) shall, upon the written request of the Required Lenders, by written notice to the Borrower and the other Lenders, take any or all of the following actions,
without prejudice to the rights of the Administrative Agent, the Collateral Agent or any Lender to enforce its claims against the Borrower or any other Loan Party in any manner permitted under applicable law: 

(a) declare the Commitments terminated, whereupon the Commitment of each Lender shall forthwith terminate immediately without
any other notice of any kind; 
 (b) declare the principal of and any accrued interest in respect of all Loans, all Unpaid
Drawings and all other Obligations (other than any Obligations under any Designated Hedge Agreement) owing hereunder and thereunder to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other
notice of any kind, all of which are hereby waived by the Borrower; 
 (c) (i) terminate any Letter of Credit that may be
terminated in accordance with its terms and/or (ii) require the Borrower to Cash Collateralize all or any portion of the LC Outstandings; or 

(d) exercise any other right or remedy available under any of the Loan Documents or applicable law; 

provided that, if an Event of Default specified in Section 8.01(h) or Section 8.01(i) shall occur, the result that would occur
upon the giving of written notice by the Administrative Agent as specified in clauses (a), (b) and/or (c)(ii) above shall occur automatically without the giving of any such notice. 

Section 8.03 Application of Certain Payments and Proceeds. All payments and other amounts received by the Administrative Agent, the
Collateral Agent or any Lender after the Obligations have been accelerated (or have matured) or through the exercise of remedies hereunder or under the other Loan Documents shall, unless otherwise required by applicable law, be applied as follows
(in each case subject to the terms of the ABL/Bond Intercreditor Agreement): 
 (a) first, to the payment of that
portion of the Obligations constituting Overadvance Loans payable to the Administrative Agent or the Collateral Agent; 
 (b)
second, to the payment of that portion of the Obligations constituting fees, indemnities and expenses and other amounts (including attorneys’ fees and amounts due under Article III) payable to the Administrative Agent or to the
Collateral Agent in each case in its capacity as such; 

  
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 (c) third, to the payment of that portion of the Obligations
constituting fees, indemnities and expenses (including attorneys’ fees payable under Section 11.01 and amounts due under Article III, but other than fees owed to any Lender with respect to any FILO Tranche of Loans) payable
to each Lender or each LC Issuer, ratably among them in proportion to the aggregate of all such amounts; 
 (d)
fourth, to the payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans (including any Protective Advances other than any Loans under a FILO Tranche) ratably among the Lenders in proportion to the
aggregate of all such amounts; 
 (e) fifth, pro rata to the payment of that portion of the Obligations constituting
unpaid principal of the Loans (including any Protective Advances other than any Loans under a FILO Tranche), Unpaid Drawings and the amounts due to Designated Hedge Creditors under Designated Hedge Agreements (with respect to any Designated Hedge
Agreements, solely to the extent that the applicable Designated Hedge Creditor and the Borrower have specified Designated Hedge Reserves with respect thereto in a Borrowing Base Certificate or otherwise in accordance with the definition thereof)
subject to confirmation by the Administrative Agent that any calculations of termination or other payment obligations are being made in accordance with normal industry practice ratably among the Lenders, each LC Issuer and the Designated Hedge
Creditors in proportion to the aggregate of all such amounts; 
 (f) sixth, to the Administrative Agent for the
benefit of each LC Issuer to cash collateralize the Stated Amount of outstanding Letters of Credit; 
 (g) seventh,
ratably among the Cash Management Banks, to the payment of that portion of the Obligations constituting amounts due to Cash Management Banks under Cash Management Agreements, subject to confirmation by the Administrative Agent that any calculations
of termination or other payment obligations are being made in accordance with normal industry practice; 
 (h) eighth,
to the payment of all other Obligations (other than with respect to any FILO Tranche) of the Loan Parties owing under or in respect of the Loan Documents that are then due and payable to the Administrative Agent, the Collateral Agent, each LC
Issuer, the Swing Line Lender, the Lenders, the Designated Hedge Creditors and the Cash Management Banks, ratably based upon the respective aggregate amounts of all such Obligations owing to them on such date; 

(i) ninth, to the payment of all Obligations of the Loan Parties with respect to any FILO Tranche that are then due and
payable to the Administrative Agent, the Collateral Agent, each LC Issuer, the Swing Line Lender, the Lenders, the Designated Hedge Creditors and the Cash Management Banks, ratably based upon the respective aggregate amounts of all such Obligations
owing to them on such date; 
 (j) finally, any remaining surplus after all of the Obligations have been paid in full,
to the Borrower or to whomsoever shall be lawfully entitled thereto. 
 ARTICLE IX 

THE ADMINISTRATIVE AGENT AND COLLATERAL AGENT 

Section 9.01 Appointment. 

(a) Each Lender and LC Issuer hereby irrevocably designates and appoints Truist Bank (as successor by merger to SunTrust Bank) to act as
specified herein and in the other Loan Documents, and each such Lender hereby irrevocably authorizes Truist Bank (as successor by merger to SunTrust Bank) as the Administrative Agent and Collateral Agent for such Lender, to take such action on its
behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent and the Collateral Agent by the terms of this Agreement and the
other Loan Documents, together with such other powers as are reasonably incidental thereto. Each Lender hereby expressly authorizes the 

  
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Administrative Agent and/or the Collateral Agent to, without the consent of any Lender, to enter into the ABL/Bond Intercreditor Agreement to give effect to the provisions of this Agreement,
which ABL/Bond Intercreditor Agreement shall be binding on the Lender. The Administrative Agent and/or the Collateral Agent agrees or agree to act as such upon the express conditions contained in this Article IX. Notwithstanding any
provision to the contrary elsewhere in this Agreement, the Administrative Agent and/or the Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein or in the other Loan Documents, nor any fiduciary
relationship with any Lender or LC Issuer, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist against the Administrative Agent or Collateral Agent. In
performing its functions and duties under this Agreement, the Administrative Agent and Collateral Agent shall each act solely as agent of the Lenders and do not assume and shall not be deemed to have assumed any obligation or relationship of agency
or trust with or for the Loan Parties or any of their respective Subsidiaries. 
 (b) Each Lender and the LC Issuer hereby further
irrevocably authorizes the Administrative Agent and/or the Collateral Agent on behalf of and for the benefit of the Lenders and the LC Issuer, to be the agent for and representative of the Lenders and the LC Issuer with respect to the Guaranty, the
Security Documents, the Collateral and any other Loan Document. Subject to Section 11.12, without further written consent or authorization from Lenders or the LC Issuer, the Administrative Agent and/or the Collateral Agent shall execute
any documents or instruments necessary to (i) release any Lien or Guaranty encumbering or relating to any item of Collateral or Guarantor that is the subject of a sale or other disposition (or, in the case of any Guarantor, to the extent such
Guarantor is no longer required to be a Guarantor pursuant to the terms hereof) to a Person that is not a Loan Party permitted hereby or to which the Required Lenders (or such other Lenders as may be required to give such consent under
Section 11.12) have otherwise consented, (ii) release any Guarantor from the Guaranty with respect to which the Required Lenders (or such other Lenders as may be required to give such consent under Section 11.12) have
otherwise consented, (iii) release any Lien on any Collateral granted to or held by the Administrative Agent and/or the Collateral Agent under any Security Document (x) upon the Termination Date, or (y) that constitutes Excluded
Asset, (iv) subordinate any Lien on any Collateral granted to or held by the Administrative Agent and/or the Collateral Agent under any Security Document to the holder of any Lien on such property that is permitted by
Sections 7.02(d), (e), (h), (k), (l), (m), (n), (r), (s), (x), (z) and (cc) and clauses (c), (e) and (j) of the definition
of “Permitted Encumbrances,” (v) enter into any amendment to any Loan Document to correct any errors or omissions pursuant to Section 11.12(g), or (vi) enter into the ABL/Bond Intercreditor Agreement and any Customary
Intercreditor Agreement, Incremental Revolving Credit Assumption Agreements and Extension Amendments, in each case, in accordance with the applicable terms hereof. Upon request by the Administrative Agent and/or the Collateral Agent at any time, the
Required Lenders will confirm in writing the Administrative Agent’s and/or the Collateral Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations
under this Agreement and other Loan Documents pursuant to this Section 9.01(b). In each case as specified in this Section 9.01(b), the Administrative Agent will, at the Borrower’s expense, execute and deliver to the
applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Security Documents or to subordinate its interest in such
item, or to release such Guarantor from its obligations under the Loan Documents, in each case in accordance with the terms of the Loan Documents, this Section 9.01(b) and Section 11.26. The Borrower agrees to deliver to the
Administrative Agent and/or the Collateral Agent, upon its request and prior to any release or subordination of the Liens of the Administrative Agent provided for in this Section 9.01, a certificate of an Responsible Officer confirming
that any such release and/or subordination of the Liens in the Collateral is permitted pursuant to the terms of the Loan Documents, upon which certificate the Administrative Agent and the Collateral Agent may conclusively rely without further
inquiry. 
 (c) Anything contained in any of the Loan Documents to the contrary notwithstanding, the Borrower, the Administrative Agent, the
Collateral Agent and each Lender hereby agree that (i) no Lender shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that, except as otherwise set forth in the Loan
Documents with respect to rights of set off, all powers, rights and remedies hereunder may be exercised solely by the Administrative Agent and/or the Collateral Agent, on behalf of the Lenders in accordance with the terms hereof and all powers,
rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent and/or the Collateral Agent, and (ii) in the event of a foreclosure by the Administrative Agent and/or the Collateral Agent on any of the
Collateral pursuant to a public or private sale, in accordance with the terms hereof, the Administrative Agent, the Collateral Agent or any Lender may be the purchaser 

  
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of any or all of such Collateral at any such sale and the Administrative Agent and/or the Collateral Agent, as agent for and representative of the Secured Creditors (but not any Lender or Lenders
in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the
Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by the Administrative Agent and/or the Collateral Agent at such sale. 

(d) Notwithstanding the provisions of Section 9.11, if the Administrative Agent shall become a Defaulting Lender, the Borrower may
appoint, subject to the consent of the Required Lenders, a successor Administrative Agent and/or the Collateral Agent. Such successor Administrative Agent and/or the Collateral Agent shall have all of the rights, duties and powers of the
Administrative Agent. 
 (e) Except as specifically provided in a Loan Document (i) nothing in the Loan Documents makes the Collateral
Agent a trustee or fiduciary for any other party or any other person, and (ii) the Collateral Agent need not hold in trust any moneys paid to it for any other party or be liable to account for interest on those moneys. 

(f) The Collateral Agent may at any time appoint (and subsequently remove) any person to act as a separate security trustee or as a co-trustee
jointly with it (i) if it is necessary in performing its duties and if the Collateral Agent considers that appointment to be in the interest of the Secured Creditors, or (ii) for the purposes of complying with or confirming to any legal
requirements, restrictions or conditions which the Collateral Agent deems to be relevant, or (iii) for the purposes of obtaining or enforcing any judgment or decree in any jurisdiction, and the Collateral Agent will give notice to the other
parties of any such appointment. 
 Section 9.02 Delegation of Duties. Each of the Administrative Agent and/or the Collateral Agent
may execute any of its duties under this Agreement or any other Loan Document by or through agents, sub-agents or attorneys-in-fact, and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Neither the
Administrative Agent nor the Collateral Agent shall be responsible for the negligence or misconduct of any agents, sub-agents or attorneys-in-fact selected by it with reasonable care except to the extent otherwise required by
Section 9.03. All of the rights, benefits and privileges (including the exculpatory and indemnification provisions) of Section 9.03 shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall
apply to their respective activities as sub-agent as if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by the Administrative Agent and/or the Collateral
Agent, (i) such sub-agent shall be a third-party beneficiary under this Agreement with respect to all such rights, benefits and privileges (including exculpatory and rights to indemnification) and shall have all of the rights, benefits and
privileges of a third-party beneficiary, including an independent right of action to enforce such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other
Person, against any or all of the Loan Parties and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and
(iii) such sub-agent shall only have obligations to the Administrative Agent and/or the Collateral Agent and not to any Loan Party, any Lender or any other Person and no Loan Party, Lender or any other Person shall have the rights, directly or
indirectly, as a third-party beneficiary or otherwise, against such sub-agent. 
 Section 9.03 Exculpatory Provisions. Neither the
Administrative Agent, the Collateral Agent nor any of their respective Related Parties shall be (a) liable to any of the Lenders for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this
Agreement or any other Loan Document (except for its or such Related Parties’ own gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction) or (b) responsible in any
manner to any of the Lenders for any recitals, statements, representations or warranties made by the Loan Parties or any of their respective Subsidiaries or any of their respective officers contained in this Agreement, any other Loan Document or in
any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent and/or the Collateral Agent under or in connection with, this Agreement or any other Loan Document or for any failure of any
Loan Party or any of its officers to perform its obligations hereunder or thereunder. Neither the Administrative Agent nor the Collateral Agent shall be under any obligation to any Lender to ascertain or to inquire as to the observance or
performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, 

  
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books or records of the Loan Parties or any of their respective Subsidiaries. Neither the Administrative Agent nor the Collateral Agent shall be responsible to any Lender for the effectiveness,
genuineness, validity, enforceability, collectability or sufficiency of this Agreement or any Loan Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statement or in any
financial or other statements, instruments, reports, certificates or any other documents in connection herewith or therewith furnished or made by the Administrative Agent and/or the Collateral Agent to the Lenders or by or on behalf of the Loan
Parties or any of their respective Subsidiaries to the Administrative Agent, the Collateral Agent or any Lender or be required to ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or
agreements contained herein or therein or as to the use of the proceeds of the Loans or of the existence or possible existence of any Default or Event of Default or as to the value or sufficiency of any Collateral or validity, perfection or priority
of any Lien thereon. 
 Section 9.04 Reliance by Administrative Agent and Collateral Agent. Each of the Administrative Agent and
Collateral Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, e-mail or other electronic transmission, facsimile
transmission, telex or teletype message, statement, order or other document or conversation believed by it, in good faith, to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements
of legal counsel (including counsel to the Borrower or any of its Subsidiaries), independent accountants and other experts selected by the Administrative Agent and/or the Collateral Agent. The Administrative Agent and Collateral Agent shall be fully
justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate or it shall first be indemnified to its
reasonable satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. Each of the Administrative Agent and the Collateral Agent shall in all cases be
fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders or all of the Lenders, as applicable, as to any matter that, pursuant to
Section 11.12, can only be effectuated with the consent of all Required Lenders, or all applicable Lenders, as the case may be), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders. 
 Section 9.05 Notice of Default. Neither the Administrative Agent nor the Collateral Agent shall be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent and/or the Collateral Agent has received notice from the Required Lenders or the Borrower referring to this Agreement, describing such
Default or Event of Default and stating that such notice is a “notice of default.” If the Administrative Agent and/or the Collateral Agent receives or receive such a notice, the Administrative Agent shall give prompt notice thereof to the
Lenders and the Borrower, if applicable. The Administrative Agent and/or the Collateral Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders; provided,
however, that unless and until the Administrative Agent and/or the Collateral Agent shall have received such directions, the Administrative Agent and/or the Collateral Agent may (but shall not be obligated to) take such action, or refrain
from taking such action, with respect to such Default or Event of Default as it shall reasonably deem advisable in the best interests of the Lenders. 

Section 9.06 Non-Reliance. Each Lender expressly acknowledges that neither the Administrative Agent, the Collateral Agent nor any of
their respective Related Parties has made any representations or warranties to it and that no act by the Administrative Agent and/or the Collateral Agent hereinafter taken, including any review of the affairs of the Loan Parties or their respective
Subsidiaries, shall be deemed to constitute any representation or warranty by the Administrative Agent or Collateral Agent to any Lender. Each Lender represents to the Administrative Agent and the Collateral Agent that it has, independently and
without reliance upon the Administrative Agent or Collateral Agent, or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of, and investigation into the business, assets, operations,
property, financial and other conditions, prospects and creditworthiness of the Loan Parties and their Subsidiaries and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will,
independently and without reliance upon the Administrative Agent, or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking
or not taking action under this Agreement, and to make such investigation as it deems necessary to inform itself as to the business, assets, operations, property, financial and other conditions, prospects and creditworthiness of 

  
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the Loan Parties and their Subsidiaries. Neither the Administrative Agent nor the Collateral Agent shall have any duty or responsibility to provide any Lender with any credit or other information
concerning the business, operations, assets, property, financial and other conditions, prospects or creditworthiness of the Loan Parties and their Subsidiaries that may come into the possession of the Administrative Agent, the Collateral Agent or
any of their respective Related Parties. 
 Section 9.07 No Reliance on Administrative Agent’s Customer Identification Program.
Each Lender acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or assignees, may rely on the Administrative Agent to carry out such Lender’s, Affiliate’s, participant’s or assignee’s
customer identification program, or other obligations required or imposed under or pursuant to any Anti-Terrorism Law, including any programs involving any of the following items relating to or in connection with the Loan Parties or their respective
Subsidiaries, any of their respective Affiliates or agents, the Loan Documents or the transactions hereunder: (a) any identity verification procedures, (b) any record keeping, (c) any comparisons with government lists, (d) any
customer notices or (e) any other procedures required under the CIP Regulations or such other laws. 
 Section 9.08 Patriot Act.
Each Lender or assignee or participant of a Lender that is not organized under the laws of the United States or a state thereof (and is not excepted from the certification requirement contained in Section 313 of the Patriot Act and the
applicable regulations because it is both (a) an affiliate of a depository institution or foreign bank that maintains a physical presence in the United States or foreign country, and (b) subject to supervision by a banking authority
regulating such affiliated depository institution or foreign bank) shall deliver to the Administrative Agent the certification, or, if applicable, recertification, certifying that such Lender is not a “shell” and certifying to other
matters as required by Section 313 of the Patriot Act and the applicable regulations: (i) within 10 days after the Closing Date, and (ii) at such other times as are required under the Patriot Act. 

Section 9.09 Indemnification. The Lenders agree to indemnify the Administrative Agent, the Collateral Agent and their respective
Related Parties, ratably according to their pro rata share of the Aggregate Revolving Facility Exposure, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, reasonable expenses or
disbursements of any kind whatsoever that may at any time (including at any time following the payment of the Obligations) be imposed on, incurred by or asserted against the Administrative Agent, the Collateral Agent or such Related Parties in any
way relating to or arising out of this Agreement or any other Loan Document, or any documents contemplated by or referred to herein or the transactions contemplated hereby or any action taken or omitted to be taken by the Administrative Agent, the
Collateral Agent or such Related Parties under or in connection with any of the foregoing, but only to the extent that any of the foregoing is not paid by the Borrower; provided, however, that no Lender shall be liable to the
Administrative Agent, the Collateral Agent or any of their respective Related Parties for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the
extent resulting solely from the Administrative Agent’s, the Collateral Agent’s or such Related Parties’ gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction. If
any indemnity furnished to the Administrative Agent, the Collateral Agent or any such Related Parties for any purpose shall, in the reasonable opinion of the Administrative Agent or the Collateral Agent, respectively, be insufficient or become
impaired, the Administrative Agent or Collateral Agent, as applicable, may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished. The agreements in this
Section 9.09 shall survive the payment of all Obligations. 
 Section 9.10 The Administrative Agent and Collateral Agent in
Each Individual Capacity. Each of the Administrative Agent and the Collateral Agent and their respective Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Loan Parties, their respective
Subsidiaries and their Affiliates as though not acting as Administrative Agent and/or the Collateral Agent hereunder. With respect to the Loans made by it and all Obligations owing to it, the Administrative Agent and/or the Collateral Agent shall
have the same rights and powers under this Agreement as any Lender and may exercise the same as though it were not the Administrative Agent and/or the Collateral Agent, and the terms “Lender” and “Lenders” shall include the
Administrative Agent and/or the Collateral Agent in its individual capacity. 

  
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 Section 9.11 Successor Administrative Agent. Subject to the appointment and
acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign upon thirty (30) days’ notice to the Lenders and the Borrower. Upon receipt of any such notice of resignation, the Required
Lenders shall have the right, with the Borrower’s consent (such consent not to be unreasonably withheld or delayed) unless a Specified Event of Default has occurred and is continuing), to appoint a successor, which shall be a bank with an
office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after
the retiring Administrative Agent gives notice of its resignation, then such resignation shall nevertheless be effective and the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor
Administrative Agent, which shall be an Approved Bank with an office in New York, New York, or an Affiliate of any such Approved Bank (the date upon which the retiring Administrative Agent is replaced, the “Resignation Effective
Date”); provided, that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person accepted such appointment, then such resignation shall nonetheless become effective in accordance with such
notice. 
 If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the
Required Lenders and the Borrower may, to the extent permitted by applicable law, by notice in writing to such Person remove such Person as Administrative Agent and, with the consent of the Borrower, appoint a successor. If no such successor shall
have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice
on the Removal Effective Date. With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and
under the other Loan Documents (except (i) that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to
hold such collateral security until such time as a successor Administrative Agent is appointed and (ii) with respect to any outstanding payment obligations) and (2) except for any indemnity payments or other amounts then owed to the
retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required
Lenders appoint a successor Administrative Agent as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the
Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder and under the other Loan Documents (if not already discharged therefrom as provided above).
The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s
resignation or removal hereunder and under the other Loan Documents, the provisions of this Article IX and Section 9.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent. 

Section 9.12 Other Agents. Any Lender identified herein as a Co-Agent, Co-Syndication Agent, Co-Documentation Agent, Managing Agent,
Manager, Joint Lead Arranger, Amendment No. 3 Joint Lead Arranger, Amendment No. 3 Co-Syndication Agent, Amendment No. 3 Co-Documentation Agent,
Amendment No. 4 Joint Lead Arranger, Amendment No. 4 Co-Syndication Agent, Amendment No. 4
Co-Documentation Agent or any other corresponding title, other than “Administrative Agent,” or “Collateral Agent” shall have no right, power, obligation, liability,
responsibility or duty under this Agreement or any other Loan Document except those applicable to all Lenders as such. Each Lender acknowledges that it has not relied, and will not rely, on any Lender so identified in deciding to enter into this
Agreement or in taking or not taking any action hereunder. 
 Section 9.13 Agency for Perfection. The Administrative Agent and
each Lender hereby appoints the Administrative Agent, the Collateral Agent and each other Lender as agent and bailee for the purpose of perfecting the security interests in and liens upon the Collateral in assets that can be perfected only by
possession or control (or where the security interest of a secured creditor with possession or control has priority over the security interest of 

  
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another secured creditor) and the Administrative Agent, the Collateral Agent and each Lender hereby acknowledges that it holds possession of or otherwise controls any such Collateral for the
benefit of the Secured Creditors as secured creditor. Should any Lender obtain possession or control of any such Collateral, such Lender shall notify the Administrative Agent and/or the Collateral Agent thereof, and, promptly upon the Administrative
Agent’s or the Collateral Agent’s request therefor shall deliver such Collateral to the Administrative Agent or in accordance with the Administrative Agent’s and/or Collateral Agent’s instructions. Each Loan Party by its
execution and delivery of this Agreement hereby consents to the foregoing. 
 Section 9.14 Proof of Claim. The Lenders and the
Borrower hereby agree that after the occurrence and continuation of an Event of Default pursuant to Section 8.01(h) or Section 8.01(i), in case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Borrower or any of the Guarantors, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower or any of the Guarantors) shall be entitled and empowered, by intervention in such proceeding or otherwise
(a) to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Loans and any other Obligations that are owing and unpaid and to file such other papers or documents as may be necessary or
advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their agents and counsel and
all other amounts due the Lenders and the Administrative Agent hereunder) allowed in such judicial proceeding; (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and
(c) any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the
Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its
agents and counsel, and any other amounts due the Administrative Agent and other agents hereunder. Nothing herein contained shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender
any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lenders or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. Further, nothing
contained in this Section 9.14 shall affect or preclude the ability of any Lender to (i) file and prove such a claim in the event that the Administrative Agent has not acted within ten (10) days prior to any applicable bar date
and (ii) require an amendment of the proof of claim to accurately reflect such Lender’s outstanding Obligations. 
 Section 9.15
Posting of Approved Electronic Communications. 
 (a) Delivery of Communications. Each Loan Party hereby agrees, unless
directed otherwise by the Administrative Agent or unless the electronic mail address referred to below has not been provided by the Administrative Agent to such Loan Party that it will, or will cause its Subsidiaries to, provide to the
Administrative Agent all information, documents and other materials that it is obligated to furnish to the Administrative Agent or to the Lenders pursuant to the Loan Documents, including all notices, requests, financial statements, financial and
other reports, certificates and other information materials, but excluding any such communication that (i) is or relates to a Notice of Borrowing or a Notice of Continuation or Conversion, (ii) relates to the payment of any principal or
other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any Default under this Agreement or any other Loan Document or (iv) is required to be delivered to satisfy any condition precedent to the
effectiveness of this Agreement and/or any Loan or other extension of credit hereunder (all such non-excluded communications being referred to herein collectively as “Communications”), by transmitting the Communications in an
electronic/soft medium that is properly identified in a format reasonably acceptable to the Administrative Agent to an electronic mail address as directed by the Administrative Agent. In addition, each Loan Party agrees, and agrees to cause its
Subsidiaries, to continue to provide the Communications to the Administrative Agent or the Lenders, as the case may be, in the manner specified in the Loan Documents but only to the extent requested by the Administrative Agent. 

  
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 (b) No Warranties as to Platform. THE PLATFORM IS PROVIDED “AS IS” AND
“AS AVAILABLE.” THE INDEMNITEES DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND,
EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS IS MADE BY THE INDEMNITEES IN CONNECTION WITH THE
COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE INDEMNITEES HAVE ANY LIABILITY TO ANY LENDER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON STRICT LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR
CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY INDEMNITEES IS FOUND IN
A FINAL, NON-APPEALABLE ORDER BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH INDEMNITEE’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

(c) Delivery Via Platform. The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at its
electronic mail address set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees that receipt of notice to it (as provided in the next sentence)
specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender agrees to notify the Administrative Agent in writing
(including by electronic communication) from time to time of such Lender’s electronic mail address to which the foregoing notice may be sent by electronic transmission and that the foregoing notice may be sent to such electronic mail address.

 (d) No Prejudice to Notice Rights. Nothing herein shall prejudice the right of the Administrative Agent or any Lender to give any
notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document. 
 Section 9.16
Withholding Taxes. To the extent required by any applicable law (as determined in good faith by the Administrative Agent), the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding
Tax. If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that the Administrative Agent did not properly withhold Tax from amounts paid to or for the account of any Lender for any reason
(including because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding Tax
ineffective), such Lender shall, within 10 days after written demand therefor, indemnify and hold harmless the Administrative Agent (to the extent that the Administrative Agent has not already been reimbursed by the Borrower pursuant to
Section 3.02 and without limiting or expanding the obligation of the Borrower to do so) fully for all amounts paid, directly or indirectly, by the Administrative Agent as Taxes or otherwise, together with all expenses incurred, including
legal expenses and any other expenses, whether or not such Tax was correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the
Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against
any amount due to the Administrative Agent under this Section 9.16. The agreements in this Section 9.16 shall survive the resignation and/or replacement of the Administrative Agent, the termination of this Agreement, any
assignment of rights by, or the replacement of, a Lender and the repayment, satisfaction or discharge of all other Obligations. For purposes of this Section 9.16, the term “Lender” includes any LC Issuer and the Swingline
Lender. 
 Section 9.17 Resignation/Replacement of LC Issuer and Swing Line Lender. Notwithstanding anything to the contrary
contained herein, any LC Issuer or Swing Line Lender may, upon 60 days’ notice to the Borrower and the Lenders, resign as an LC Issuer or Swing Line Lender, respectively; provided that on or prior to the expiration of such 60-day period
with respect to such resignation, the relevant LC Issuer or Swing Line Lender shall have identified a successor LC Issuer or Swing Line Lender reasonably acceptable to the Borrower willing to accept its appointment as successor LC Issuer or Swing
Line Lender, as applicable, and such LC Issuer or Swing Line Lender, as applicable shall have accepted such appointment. For the avoidance of doubt, in the event of any such resignation of an LC 

  
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Issuer or Swing Line Lender, the Borrower shall be entitled to appoint from among the Lenders willing to accept such appointment a successor LC Issuer or Swing Line Lender hereunder;
provided that no failure by the Borrower to appoint any such successor shall affect the resignation of the relevant LC Issuer or the Swing Line Lender, as the case may be, except as expressly provided above. If an LC Issuer resigns as an LC
Issuer, it shall retain all the rights and obligations of an LC Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an LC Issuer and all LC Obligations with respect thereto (including the
right to require the Lenders to make Loans or fund risk participations in Unpaid Drawings). If the Swing Line Lender resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing
Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Loans or fund risk participations in outstanding Swing Loans. 

Section 9.18 Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Loan Documents to the contrary
notwithstanding, the Borrower, the Administrative Agent and each Lender hereby agree that (i) no Lender shall have any right individually to realize upon any of the Collateral or to enforce the Security Documents, it being understood and agreed
that all powers, rights and remedies hereunder and under the Security Documents may be exercised solely by the Administrative Agent, and (ii) in the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a
public or private sale or other disposition, the Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and the Administrative Agent, as agent for and representative
of the Lenders (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing), shall be entitled, for the purpose of bidding and making settlement or payment of the
purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by the Administrative Agent at such sale or other
disposition. 
 Section 9.19 Cash Management Banks and Designated Hedge Creditors. No Cash Management Bank or Designated Hedge
Creditor that obtains the benefits of Section 8.02, the Security Documents or any Collateral by virtue of the provisions hereof or of any other Loan Document shall have any right to notice of any action or to consent to, direct or object
to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly
provided in the Loan Documents. Notwithstanding any other provision of this Article to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to,
Obligations in favor of Cash Management Banks and Designated Hedge Creditor unless the Administrative Agent has received written notice (except in the case of such Obligations where the Administrative Agent is the Cash Management Bank or Designated
Hedge Creditor) of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Designated Hedge Creditor, as the case may be. The Borrower hereby acknowledges
that as of the Closing Date, Wells Fargo has been designated as a Cash Management Bank hereunder and subject to the terms hereof.
 

(a)
 If the Administrative Agent notifies a Lender, LC Issuer or
Secured Creditor (any such Lender, LC Issuer, Secured Creditor, a “Payment Recipient”) that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause
(b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such
Lender, LC Issuer or Secured Creditor) (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and demands the
return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the
property of the
Administrative Agent and
shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent,
and such Lender, LC Issuer or Secured Creditor shall promptly, but in no event later than two Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was
made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is
repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in
effect. A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error. 

  
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(b)
 Without limiting immediately preceding clause (a), each Lender, LC
Issuer or Secured Creditor hereby further agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative
Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to
such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates), or (z) that such Lender, LC Issuer or Secured
Creditor otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case:  

(i)
 (A) in the case of immediately preceding clauses
(x) or (y), an error shall be presumed to have been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each case, with
respect to such payment, prepayment or repayment; and 
 (ii) such Lender, LC Issuer or Secured Creditor shall promptly (and, in all events, within one Business Day of its knowledge of
such error) notify the Administrative Agent of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this Section 9.20(b). 

(c)
 Each Lender, LC Issuer or Secured Creditor hereby authorizes the
Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender, LC Issuer or Secured Creditor under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender, LC Issuer
or Secured Creditor from any source, against any amount due to the Administrative Agent under immediately preceding clause (a) or under the indemnification provisions of this Agreement. For the avoidance of doubt, the Borrower and each Loan
Party shall continue to be deemed to have performed any and all payment obligations with respect to any amount subject to such set off, netting or application pursuant to the preceding sentence.

(d)
 In the event that an Erroneous Payment (or portion thereof) is not
recovered by the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or LC Issuer that has received such Erroneous Payment (or portion thereof)
(and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to such
Lender or LC Issuer at any time, (i) such Lender or LC Issuer shall be deemed to have assigned its Loans (but not its Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted
Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the
“Erroneous Payment Deficiency Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with the Borrower) deemed to execute and
deliver an Assignment and Assumption (or, to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative Agent and such parties are participants) with respect to
such Erroneous Payment Deficiency Assignment, and such Lender or LC Issuer shall deliver any promissory notes evidencing such Loans to the Borrower or the Administrative Agent, (ii) the Administrative Agent as the assignee Lender shall be
deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the
assignee Lender shall become a Lender or LC Issuer, as applicable, hereunder with respect to such Erroneous
Payment Deficiency Assignment and the assigning Lender or assigning LC Issuer shall cease to be a Lender or LC Issuer, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its
obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender or assigning LC Issuer, and (iv) the Administrative Agent may reflect in the Register its
ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. The Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency 

  
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Assignment and upon receipt
of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender or LC Issuer shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other
rights, remedies and claims against such Lender or LC Issuer (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any
Lender or LC Issuer and such Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto agrees that,
except to the extent that the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment,
and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be contractually subrogated to all the rights and interests of the applicable Lender, LC Issuer or Secured Creditor under the Loan
Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment Subrogation Rights”); provided that the Loan Parties’ Obligations under the Loan Documents in respect of the Erroneous Payment Subrogation
Rights shall not be duplicative of such Obligations in respect of Loans that have been assigned to the Administrative Agent under an Erroneous Payment Deficiency Assignment, and the Erroneous Payment Subrogation Rights shall not be interpreted to
increase the Obligations of the Borrower relative to the amount of the Obligations that would have been payable had such Erroneous Payment not been made by the Administrative Agent. 

(e)
 The parties hereto agree that (i) an Erroneous Payment shall not
pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is,
comprised of funds received by the Administrative Agent from the Borrower or any other Loan Party for the purpose of making such Erroneous Payment and (ii) in no event shall a Default or Event of Default, including pursuant to, inter alia,
Section 8.01(a) and/or (b), result from this Section 9.20. 
 (f) To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and
hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including
without limitation waiver of any defense based on “discharge for value” or any similar doctrine. 

Each party’s
obligations, agreements and waivers under this Section 9.20 shall survive the resignation or replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or LC Issuer, the termination of the
Commitments and/or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document. 

ARTICLE X 
 [RESERVED] 

ARTICLE XI 
 MISCELLANEOUS 

Section 11.01 Payment of Expenses, Etc. The Borrower shall pay, if the Closing Date occurs and the Transactions have been consummated,
(i) all reasonable and documented and invoiced out-of-pocket costs and expenses incurred by the Administrative Agent, the Joint Lead Arrangers and their respective Affiliates (without duplication) (limited, in the case of (x) legal fees
and expenses, to the reasonable, documented and invoiced fees, charges and disbursements of Cahill Gordon & Reindel LLP and to the extent reasonably determined by the Administrative Agent to be necessary, one firm of local counsel in each
relevant material jurisdiction (which may include a single special counsel acting in multiple jurisdictions) and, in the case of an actual conflict of interest where the Indemnitee affected by such conflict notifies the Borrower of the existence of
such conflict and thereafter retains its own counsel, one additional conflicts counsel for the affected Indemnitees similarly situated and (y) the fees and expenses of any other advisor or consultant, to the reasonable, documented and invoiced
fees, charges and disbursements of such advisor or consultant, but solely to the extent that such consultant or advisor has been retained with the Borrower’s consent (such consent not to be unreasonably withheld or delayed)), in each case, in
connection 

  
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 with the syndication of the credit facilities provided for herein, and the preparation, execution, delivery
and administration of the Loan Documents or any amendments, modifications or waivers of the provisions thereof and (ii) all reasonable and documented and invoiced out-of-pocket costs and expenses incurred
by the Administrative Agent, any Joint Lead Arranger or any Lender, including the fees, charges and disbursements of counsel for the Administrative Agent, the Joint Lead Arrangers and the Lenders (without duplication) (limited, in the case of
(x) legal fees and expenses, to the reasonable, documented and invoiced fees, charges and disbursements of Cahill Gordon & Reindel LLP and to the extent reasonably determined by the Administrative Agent to be necessary, one local
counsel in each relevant material jurisdiction and, in the case of an actual conflict of interest where the Indemnitee affected by such conflict notifies the Borrower of the existence of such conflict and thereafter retains its own counsel, one
additional conflicts counsel for the affected Indemnitees similarly situated and (y) the fees and expenses of any other advisor or consultant, to the reasonable, documented and invoiced fees, charges and disbursements of such advisor or
consultant, but solely to the extent that such consultant or advisor has been retained with the Borrower’s consent (such consent not to be unreasonably withheld or delayed), in connection with the enforcement or protection of any rights or
remedies (A) in connection with the Loan Documents (including all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Laws), including its rights under this Section 11.01 or
(B) in connection with the Loans made hereunder, including all such out-of-pocket costs and expenses incurred during any workout, restructuring or negotiations in respect of such Loan. 

Section 11.02 Indemnification. Without duplication of the expense reimbursement obligations pursuant to Section 11.01, the
Borrower shall indemnify the Administrative Agent, each Lender, the Joint Lead Arrangers, the Co-Syndication Agents, the Co-Documentation Agents and each Related Party (other than Excluded Affiliates to the extent acting in their capacities as such)
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 reasonable and documented and invoiced
out-of-pocket fees and expenses (limited, in the case of (x) legal fees and expenses, to the reasonable, documented and invoiced fees, charges and disbursements of one counsel for all Indemnitees and to the extent reasonably determined by the
Administrative Agent to be necessary, one local counsel in each relevant material jurisdiction and, in the case of an actual conflict of interest where the Indemnitee affected by such conflict notifies the Borrower of the existence of such conflict
and thereafter retains its own counsel, one additional conflicts counsel for the affected Indemnitees similarly situated and (y) the fees and expenses of any other advisor or consultant, to the reasonable, documented and invoiced fees, charges
and disbursements of such advisor or consultant, but solely to the extent that such consultant or advisor has been retained with the Borrower’s consent (such consent not to be unreasonably withheld or delayed), incurred by or asserted against
any Indemnitee by any third party or by the Borrower or any Subsidiary to the extent arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any Loan Document or any other agreement or instrument
contemplated hereby or thereby, the performance by the parties to the Loan Documents of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated thereby, the syndication of the credit
facilities provided for herein, (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or Release or threat of Release of Hazardous Materials on, at, to or from any Mortgaged Property or any other property
currently or formerly owned or operated by the Borrower or any Subsidiary, or any other Environmental Liability related in any way to the Borrower or any Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any Subsidiary or their Affiliates and regardless of whether any Indemnitee is a party thereto;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities, costs or related expenses (x) resulted from the gross negligence, bad faith or willful misconduct of
such Indemnitee or its Related Parties (as determined by a court of competent jurisdiction in a final and non-appealable judgment), (y) resulted from a material breach of the Loan Documents by such Indemnitee or its Related Parties (as
determined by a court of competent jurisdiction in a final and non-appealable judgment) or (z) arise from disputes between or among Indemnitees (other than disputes involving claims against the Administrative Agent, any Co-Syndication Agent,
any Co-Documentation Agent or any Joint Lead Arranger, in each case, in their respective capacities) that do not involve an act or omission by the Borrower or any Restricted Subsidiary. 

 

  
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 The Borrower shall not be liable for any settlement of any claim, litigation, investigation
or proceeding effected without its consent (which consent shall not be unreasonably withheld or delayed), but if settled with the Borrower’s written consent in any such claim, litigation, investigation or proceeding, the Borrower agrees to
indemnify and hold harmless each Indemnitee from and against any and all losses, claims, damages, liabilities and expenses by reason of such settlement in accordance with the preceding paragraph. The Borrower shall not, without the prior written
consent of the applicable Indemnitee (which consent shall not be unreasonably withheld, delayed or conditioned), effect any settlement of any pending or threatened claim, litigation, investigation or proceeding in respect of which indemnity could
have been sought hereunder by such Indemnitee unless (a) such settlement includes a full and unconditional release of such Indemnitee in form and substance reasonably satisfactory to such Indemnitee from all liability on claims that are the
subject matter of such claim, litigation, investigation or proceeding and (b) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of such Indemnitee. 

In case any claim, litigation, investigation or proceeding is instituted involving any Indemnitee for which indemnification is to be sought
hereunder by such Indemnitee, then such Indemnitee will promptly notify the Borrower of the commencement of any proceeding; provided, however, that the failure to do so will not relieve the Borrower from any liability that it may have
to such Indemnitee hereunder, except to the extent that the Borrower is materially prejudiced by such failure. 
 Section 11.03 Right of
Setoff. In addition to any rights now or hereafter granted under applicable law or otherwise, and not by way of limitation of any such rights, upon the occurrence and during the continuance of an Event of Default, each Lender and each LC Issuer
is hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind to any Loan Party or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and apply
any and all deposits (general or special) and any other Indebtedness at any time held or owing by such Lender or such LC Issuer (including by branches, agencies and Affiliates of such Lender or LC Issuer wherever located) to or for the credit or the
account of any Loan Party against and on account of the Obligations and liabilities of any Loan Party to such Lender or LC Issuer under this Agreement or under any of the other Loan Documents, including all claims of any nature or description
arising out of or connected with this Agreement or any other Loan Document, irrespective of whether or not such Lender or LC Issuer shall have made any demand hereunder and although said Obligations, liabilities or claims, or any of them, shall be
contingent or unmatured. Each Lender and LC Issuer agrees to promptly notify the Borrower after any such set off and application; provided, however, that the failure to give such notice shall not affect the validity of such set off and
application. Notwithstanding the foregoing, no amount set off from any Loan Party (other than the Borrower) shall be applied to any Excluded Swap Obligation of such Loan Party (other than the Borrower). 

Section 11.04 Equalization. 

(a) Equalization. Except as otherwise permitted hereunder, if at any time any Lender receives any amount hereunder (whether by voluntary
payment, by realization upon security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Loan Documents, or otherwise, but excluding any amount received in
respect of an assignment pursuant to Section 11.06) that is applicable to the payment of the principal of, or interest on, the Loans (other than Swing Loans), LC Participations, Swing Loan Participations or Fees (other than Fees that are
intended to be paid solely to the Administrative Agent or an LC Issuer and amounts payable to a Lender under Article III), of a sum that with respect to the related sum or sums received by other Lenders is in a greater proportion than
the total of such Obligation then owed and due to such Lender bears to the total of such Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash
without recourse or warranty from the other Lenders an interest in the Obligations to such Lenders in such amount as shall result in a proportional participation by all of the Lenders in such amount. 

(b) Recovery of Amounts. If any amount paid to any Lender pursuant to subsection (a) above is recovered in whole or in part from
such Lender, such original purchase shall be rescinded, and the purchase price restored ratably to the extent of the recovery. 
 (c)
Consent of Borrower. The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the
Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

  
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 Section 11.05 Notices. 

(a) Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as
provided in subsection (c) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as
follows: 
 (i) if to the Borrower or any other Loan Party, to it at: 

Builders FirstSource, Inc. 

2001 Bryan Street, Suite 1600 

Dallas, TX 75201 
 Attn:
                 [****] 
 Facsimile:
        [****] 
 Email:
              [****] 
 With a mandatory copy to (which shall not
constitute notice): 
 Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
NY 10022 
 Attn:                 Eric Wedel 

Facsimile:     (212) 446-6460 

Email: 
 eric.wedel@kirkland.com

 if to the Administrative Agent, Collateral Agent, the Swing Line Lender and LC Issuer, to it at the Notice Office; and 

(ii) if to a Lender, to it at its address (or telecopier number) set forth next to its name on the signature pages hereto or, in the case of
any Lender that becomes a party to this Agreement by way of assignment under Section 11.06 of this Agreement, to it at the address set forth in the Assignment Agreement to which it is a party. 

(b) Receipt of Notices. Notices and communications sent by hand or overnight courier service, or mailed by certified or registered mail,
shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent and receipt has been confirmed by telephone. Notices delivered through electronic communications to the extent provided in
subsection (c) below shall be effective as provided in said subsection (c). 
 (c) Electronic Communications. Notices
and other communications to the Administrative Agent, an LC Issuer or any Lender hereunder and required to be delivered pursuant to Section 6.01 may be delivered or furnished by electronic communication (including e-mail and Internet or
intranet web sites) pursuant to procedures approved by the Administrative Agent. The Administrative Agent and the Borrower may, in their discretion, agree in a separate writing to accept notices and other communications to them hereunder by
electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and
other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or
other written acknowledgement); provided, further, that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening
of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet web site shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described
in the foregoing clause (i) of notification that such notice or communication is available and identifying the web site address therefor. 

  
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 (d) Change of Address, etc. Any party hereto may change its address or telecopier
number for notices and other communications hereunder by notice to each of the other parties hereto in accordance with Section 11.05(a). 

Section 11.06 Successors and Assigns. 

(a) Successors and Assigns Generally. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties
hereto and their respective successors and assigns (including any Affiliate of the LC Issuer that issues any Letter of Credit); provided, however, that the Borrower may not assign or transfer any of its rights or obligations hereunder
without the prior written consent of all the Lenders except to the extent expressly permitted hereunder (including in connection with a transaction permitted by Section 7.03; provided, further, that any assignment or
participation by a Lender of any of its rights and obligations hereunder shall be effected in accordance with this Section 11.06. 

(b) Participations. Each Lender may at any time grant participations in any of its rights hereunder or under any of the Notes to an
Eligible Assignee (such Eligible Assignee, a “Participant”); provided that in the case of any such participation, 

(i) the Participant shall not have any rights under this Agreement or any of the other Loan Documents (the Participant’s
rights against such Lender in respect of such participation to be those set forth in the agreement executed by such Lender in favor of the Participant relating thereto), 

(ii) such Lender’s obligations under this Agreement (including its Commitments hereunder) shall remain unchanged, 

(iii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, 

(iv) such Lender shall remain the holder of the Obligations owing to it and of any Note issued to it for all purposes of this
Agreement, and 
 (v) the Borrower, the Administrative Agent, and the other Lenders shall continue to deal solely and
directly with the selling Lender in connection with such Lender’s rights and obligations under this Agreement, and all amounts payable by the Borrower hereunder shall be determined as if such Lender had not sold such participation, except that
the Participant shall be entitled to the benefits of Article III to the extent that such Lender would be entitled to such benefits if the participation had not been entered into or sold; 

provided, further, that no Lender shall transfer, grant or sell any participation under which the Participant shall have rights to approve any
amendment to or waiver of this Agreement or any other Loan Document except to the extent such amendment or waiver would (A) extend the final scheduled maturity of the date of any scheduled repayment of any of the Loans in which such Participant
is participating, or reduce the rate or extend the time of payment of interest or Fees thereon (except in connection with a waiver of the applicability of any post-default increase in interest rates), or reduce the principal amount thereof, or
increase such Participant’s participating interest in any Commitment over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default shall not constitute a change in the terms of any such Commitment)
or (B) release all or substantially all of the Collateral or all or substantially all of the value of the Guaranty, except in accordance with the terms of the Loan Documents; provided still further that each Participant shall be entitled
to the benefits (and subject to the limitations) of Sections 3.01 and 3.02 with respect to its participation as if it was a Lender, except that a Participant shall (i) only deliver the forms described in
Section 3.02(e) to the Lender granting it such participation and (ii) not be entitled to receive any greater payment under Sections 3.01 or 3.02 than the applicable Lender would have been entitled to receive
absent the participation, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent (not to be unreasonably withheld or delayed). 

  
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 In the event that any Lender sells participations in a Loan, such Lender shall, acting for
this purpose as a non-fiduciary agent of the applicable Borrower, maintain a register on which it enters the name and address of all Participants in such Loan and the principal amount (and stated interest thereon) of the portion of such Loan that is
the subject of the participation (the “Participant Register”). The entries in the Participant Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and each Lender shall treat each person
whose name is recorded in the Participant Register as the owner of the participation in question for all purposes of this Agreement notwithstanding any notice to the contrary. A Loan (and the registered note, if any, evidencing the same) may be
participated in whole or in part only by registration of such participation on the Participant Register (and each registered note shall expressly so provide). No Lender shall have any obligation to disclose all or any portion of the Participant
Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under any Loan Document) except to the extent that such disclosure is
necessary in connection with a Tax audit or other proceeding to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the U.S. Treasury Regulations. 

(c) Assignments by Lenders. 

(i) Any Lender may assign all, or if less than all, a fixed portion, of its Loans, LC Participations, Swing Loan Participations and/or
Commitments and its rights and obligations hereunder to one or more Eligible Assignees, each of which shall become a party to this Agreement as a Lender by execution of an Assignment Agreement; provided, however, that: 

(A) except in the case of (x) an assignment of the entire remaining amount of the assigning Lender’s Loans and/or
Commitments or (y) an assignment to another Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender, the aggregate amount of the Commitment so assigned (which for this purpose includes the Loans outstanding
thereunder) shall not be less than $2,500,000 (unless otherwise mutually agreed upon by the Borrower and the Administrative Agent); 

(B) in the case of any assignment to an Eligible Assignee at the time of any such assignment the Lender Register shall be
deemed modified to reflect the Commitments of such new Lender and of the existing Lenders; 
 (C) upon surrender of the old
Notes, if any, upon request of the new Lender, new Notes will be issued, at the Borrower’s expense, to such new Lender and to the assigning Lender, to the extent needed to reflect the revised Commitments; 

(D) unless waived by the Administrative Agent, except in the case of an assignment to another Lender, an Affiliate of such
Lender or an Approved Fund with respect to such Lender, or any Lenders in connection with the initial syndication of the Credit Facilities on or after the Closing Date, the Administrative Agent shall receive at the time of each such assignment, from
the assigning or assignee Lender, the payment of a non-refundable assignment fee of $3,500; and 
 (E) any such assignment
shall require the prior written consent (such consent (except with respect to assignments to competitors of the Borrower) not to be unreasonably withheld or delayed) of: 

(1) the Borrower; provided that no consent of the Borrower shall be required for an assignment (x) by a Lender to
any Lender or a U.S. based-Affiliate of any Lender, (y) by a Lender to an Approved Fund and (z) during a Specified Event of Default (unless such assignment is to a Disqualified Lender). Notwithstanding anything in this
Section 11.06 to the contrary, if the Borrower has not given the Administrative Agent written notice of its objection to an assignment of Loans within fifteen (15) Business Days after written notice of such assignment, the Borrower
shall be deemed to have consented to such assignment; 

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

(3) each LC Issuer and Swing Line Lender; provided that no consent of an LC Issuer or Swing Line Lender shall be
required for an assignment of a Loan to a Lender, an Affiliate of a Lender or an Approved Fund. 
 (ii) To the extent of any assignment
pursuant to this subsection (c), the assigning Lender shall be relieved of its obligations hereunder with respect to its assigned Commitments. 

(iii) At the time of each assignment pursuant to this subsection (c) to a Person that is not already a Lender hereunder, the
respective assignee Lender shall provide to the Borrower and the Administrative Agent the applicable Internal Revenue Service Forms (and any necessary additional documentation) described in Section 3.02(e). 

(iv) With respect to any Lender, the transfer of any Commitment of such Lender and the rights to the principal of, and interest on, any Loan
made pursuant to such Commitment shall not be effective until such transfer is recorded on the Lender Register maintained by the Administrative Agent (on behalf of and acting solely for this purpose as a non-fiduciary agent of the applicable
Borrower) with respect to ownership of such Commitment and Loans, including the name and address of the Lenders and the principal amount of the Loans (and stated interest thereon). Prior to such recordation, all amounts owing to the transferor with
respect to such Commitment and Loans shall remain owing to the transferor. The registration of assignment or transfer of all or part of any Commitments and Loans shall be recorded by the Administrative Agent on the Lender Register only upon the
acceptance by the Administrative Agent of a properly executed and delivered Assignment Agreement pursuant to this subsection (c). The entries in the Lender Register shall be conclusive absent manifest error, and the Borrower, the Administrative
Agent and each Lender shall treat each person whose name is recorded in the Lender Register as a Lender hereunder for all purposes of this Agreement notwithstanding any notice to the contrary. The Lender Register shall be available for the
inspection by the Borrower and any Lender (solely with respect to its own interest in any Loan or Commitment) at any reasonable time and from time to time upon reasonable prior notice. 

(v) [Reserved]. 
 (vi) Nothing in
this Section 11.06(c) shall prevent or prohibit (A) any Lender that is a bank, trust company or other financial institution from pledging its Notes or Loans to a Federal Reserve Bank or to any Person that extends credit to such
Lender in support of borrowings made by such Lender from such Federal Reserve Bank or such other Person, or (B) any Lender that is a trust, limited liability company, partnership or other investment company from pledging its Notes or Loans to a
trustee or agent for the benefit of holders of certificates or debt securities issued by it. No such pledge, or any assignment pursuant to or in lieu of an enforcement of such a pledge, shall relieve the transferor Lender from its obligations
hereunder. 
 In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be
effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as
appropriate (which may be outright payment, purchases by the assignee of participations or sub-participations, or other compensating actions, including funding, with the consent of the 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 or any 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 and Swing Loans in accordance with
its Applicable 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. 

  
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 (d) No SEC Registration or Blue Sky Compliance. Notwithstanding any other provisions
of this Section 11.06, no transfer or assignment of the interests or obligations of any Lender hereunder or any grant of participation therein shall be permitted if such transfer, assignment or grant would require the Borrower to file a
registration statement with the SEC or to qualify the Loans under the “Blue Sky” laws of any State. 
 (e) Representations of
Lenders. Each Lender initially party to this Agreement hereby represents, and each Person that becomes a Lender pursuant to an assignment permitted by this Section 11.06 will, upon its becoming party to this Agreement, represents
that it is a commercial lender, other financial institution or other “accredited” investor (as defined in SEC Regulation D) that makes or acquires loans in the ordinary course of its business and that it will make or acquire Loans for its
own account in the ordinary course of such business; provided, however, that subject to the preceding Sections 11.06(b) and (c), the disposition of any promissory notes or other evidences of or interests in
Indebtedness held by such Lender shall at all times be within its exclusive control. 
 (f) Special Purpose Funding Vehicles.
Notwithstanding anything to the contrary contained herein, any Lender (“Granting Lender”) may grant to a special purpose funding vehicle (a “SPC”), identified as such in writing from time to time by the Granting
Lender to the Administrative Agent and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that
(x) nothing herein shall constitute a commitment by any SPC to make any Loans and (y) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make
such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no
SPC shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive
the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in
instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this
clause, any SPC may (i) with notice to, but without the prior written consent of, the Borrower or the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting
Lender or to any financial institutions (consented to by the Borrower and the Administrative Agent) providing liquidity and/or credit support to or for the account of such SPC to support the funding or maintenance of Loans and (ii) disclose on
a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC. This Section 11.06 may not be
amended without the written consent of the SPC. The Borrower acknowledges and agrees, subject to the next sentence that, to the fullest extent permitted under applicable law, each SPC, for purposes of Sections 2.10, 2.14,
3.01, 3.02, 11.01, 11.02 and 11.03, shall be considered a Lender. The Borrower shall not be required to pay any amount under Sections 2.10, 2.14, 3.01, 3.02, 11.01,
11.02 and 11.03 that is greater than the amount that it would have been required to pay had no grant been made by a Granting Lender to a SPC, except to the extent such SPC’s entitlement to a greater payment arose from a change in
law, treaty or governmental rule, regulation or order, or any change in interpretation, administration or application thereof by the relevant Governmental Authority, after the grant was made to the SPC. 

Section 11.07 No Waiver; Remedies Cumulative. No failure or delay on the part of the Administrative Agent, any Lender or any LC
Issuer in exercising any right, power or privilege hereunder or under any other Loan Document and no course of dealing between the Borrower and the Administrative Agent or any Lender shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. No notice to or demand on the
Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Administrative Agent or the Lenders to any other or further action in any
circumstances without notice or demand. Without limiting the generality of the foregoing, the making of a Loan or any LC Issuance shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent,
any Lender or any LC Issuer may have had notice or knowledge of such Default or Event of Default at the time. The rights and remedies herein expressly provided are cumulative and not exclusive of any rights or remedies that the Administrative Agent
or any Lender would otherwise have. 

  
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 Section 11.08 Governing Law; Submission to Jurisdiction; Venue; Waiver of Jury
Trial. 
 (a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT (OTHER THAN THE LETTERS OF CREDIT, TO THE EXTENT SPECIFIED BELOW, AND EXCEPT AS
OTHERWISE EXPRESSLY SET FORTH IN A LOAN DOCUMENT) AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. EACH LETTER OF CREDIT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT OR, IF NO LAWS OR RULES ARE SO DESIGNATED, THE INTERNATIONAL STANDBY PRACTICES (ISP98 — INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION
NUMBER 590 (THE “ISP98 RULES”)) AND, AS TO MATTERS NOT GOVERNED BY THE ISP98 RULES, THE LAW OF THE STATE OF NEW YORK. 
 (b)
EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY CONSENTS TO THE EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT SITTING IN NEW YORK COUNTY IN ANY LITIGATION OR OTHER PROCEEDING BASED HEREON, OR ARISING OUT OF, UNDER, OR IN
CONNECTION WITH, ANY LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE ADMINISTRATIVE AGENT, THE LENDERS, THE LC ISSUER OR THE LOAN PARTIES IN CONNECTION HEREWITH OR THEREWITH;
PROVIDED, HOWEVER, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE ADMINISTRATIVE AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE
FOUND. 
 (c) EACH PARTY HERETO IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE
WITHIN OR WITHOUT THE STATE OF NEW YORK AT THE ADDRESS FOR NOTICES SPECIFIED IN SECTION 11.05. EACH PARTY HERETO HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION THAT IT MAY HAVE OR HEREAFTER MAY
HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO IN CLAUSE (a) ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY PARTY HERETO HAS OR
HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH
LOAN PARTY HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS. EACH PARTY HERETO HEREBY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT THAT IT MAY
HAVE TO CLAIM OR RECOVER IN ANY LEGAL ACTION OR PROCEEDING REFERRED TO IN THIS SECTION 11.08 ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES. 

(d) THE ADMINISTRATIVE AGENT, EACH LENDER, THE LC ISSUER AND EACH LOAN PARTY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE TO THE
FULLEST EXTENT PERMITTED BY LAW ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, ANY LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
(WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE ADMINISTRATIVE AGENT, SUCH LENDER, THE LC ISSUER OR SUCH LOAN PARTY IN CONNECTION THEREWITH. EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS
PROVISION (AND EACH OTHER PROVISION OF EACH OTHER LOAN DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR EACH PARTY HERETO ENTERING INTO THE LOAN DOCUMENTS. 

  
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 Section 11.09 Counterparts. This Agreement may be executed in any number of
counterparts (including by email “.pdf” or other electronic means) and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute
one and the same agreement. A set of counterparts executed by all the parties hereto shall be lodged with the Borrower and the Administrative Agent. 

Section 11.10 Integration. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees
payable to the Administrative Agent, for its own account and benefit and/or for the account, benefit of, and distribution to, the Lenders, constitute the entire contract among the parties relating to the subject matter hereof and thereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof or thereof. To the extent that there is any conflict between the terms and provisions of this Agreement and the terms and provisions
of any other Loan Document, the terms and provisions of this Agreement will prevail. 
 Section 11.11 Headings Descriptive. The
headings of the several Sections and other portions of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 

Section 11.12 Amendment or Waiver; Acceleration by Required Lenders. 

(a) Except as otherwise expressly set forth herein, including
in, without limitation, as provided in (x) Section 2.11(g) with respect to the implementation
of a Benchmark Replacement Rate or Benchmark Conforming Changes (as set forth therein) and (y) Sections 2.18 and 2.19, neither this Agreement nor any other Loan Document,
nor any terms hereof or thereof, may be amended, changed, waived or otherwise modified unless such amendment, change, waiver or other modification is in writing and signed by the Borrower and the Required Lenders or by the Administrative Agent
acting at the written direction of the Required Lenders; provided, however, that: 
 (i) no change,
waiver or other modification shall without the written consent of each Lender directly and adversely affected thereby: 
 (A)
increase the amount of any Commitment of any Lender hereunder, without the written consent of such Lender (it being understood that a waiver of any condition precedent set forth in Section 4.02 or the waiver of any Default or Event of
Default, mandatory prepayment or related mandatory reduction of the Commitments shall not constitute an increase of any Commitment of any Lender); 

(B) extend or postpone the Revolving Facility Termination Date that is applicable to any Loan of any Lender, extend or postpone
the expiration date of any Letter of Credit as to which such Lender is an LC Participant beyond the latest expiration date for a Letter of Credit provided for herein, or extend or postpone any scheduled expiration or termination date provided for
herein that is applicable to a Commitment of any Lender, without the written consent of such Lender (it being understood that the waiver of any Default or Event of Default or the waiver of (or amendment to the terms of) any mandatory prepayment
shall not constitute a postponement of any date scheduled for the payment of principal or interest); 
 (C) reduce the
principal amount of any Loan made by any Lender (other than, for the avoidance of doubt, mandatory prepayments pursuant to Section 2.15), or reduce the rate or extend, defer or delay the time of payment of, or excuse the payment of,
principal or interest or thereon (other than as a result of (1) the waiver of any mandatory prepayments owing pursuant to Section 2.15, (2) waiving the applicability of any post-default increase in interest rates or
(3) waiver of any Default or Event of Default under Section 8.01(a) or (b), without the written consent of such Lender) (it being understood that a waiver of any Default or Event of Default shall not constitute a reduction in
principal or rate or the extension, deferral or delay of payment or excuse of the payment of principal or interest); 

  
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 (D) reduce the amount of any Unpaid Drawing as to which any Lender is an LC
Participant, or reduce the rate or extend the time of payment of, or excuse the payment of, interest thereon (other than as a result of the waiver of any post-default increase in interest rates, or waiver of any Default or Event of Default under
Section 8.01(a)), without the written consent of such Lender (it being understood that a waiver of any Default or Event of Default shall not constitute such a reduction, extension or excuse); 

(E) reduce the rate or extend the time of payment of, or excuse the payment of, any Fees (other than default interest) to which
any Lender is entitled hereunder, without the written consent of such Lender (it being understood that a waiver of any Default or Event of Default shall not constitute such a reduction, extension or excuse); 

(F) modifications to Section 2.16(b)(i), without the written consent of such Lender (it being understood that a
waiver of any Default or Event of Default shall not constitute such a modification); 
 (ii) no change, waiver or other
modification or termination shall, without the written consent of each Lender, 
 (A) release the Borrower from all or
substantially all of its obligations hereunder, except in connection with transactions permitted under this Agreement; 

(B) release all or substantially all of the value of the guaranty obligations of the Guarantors under the Guaranty, except, in
each case, in connection with transactions permitted under this Agreement; 
 (C) release all or substantially all of the
Collateral, except in connection with a transaction permitted under this Agreement; 
 (D) amend or modify any
provisions of Section 2.16(b) or Section 8.03 hereof or Section 4.02 of the Collateral Agreement and/or the similar provisions in the other Security Documents, in each case without the consent of each Lender directly and adversely
affected thereby; 
 (E) reduce the percentage specified in, or otherwise modify, the definition of “Required
Lenders,” the definition of “Super Majority Lenders” or any other provision specifying the number of Lenders or portion of the Loans or Commitments required to take any action under the Loan Documents, without the written consent of
such Lender; or 
 (F) amend, modify or waive any provision of this Section 11.12 or any other provision of any
of the Loan Documents pursuant to which the consent or approval of all Lenders is required, or a number or specified percentage or other required grouping of Lenders or Lenders having Commitments, is by the terms of such provision, explicitly
required; 
 (iii) this Agreement may be amended with only the written consent of the Borrower and the Administrative Agent
to effect the provisions of Section 2.18 or Section 2.19 upon the effectiveness of any Incremental Revolving Credit Assumption Agreement or Extension Amendment, as applicable; 

(iv) no change, waiver or other modification shall without the written consent of the Super Majority Lenders (A) increase
the advance rates set forth in the definition of “Borrowing Base,” (B) make any other change in such definitions of “Borrowing Base,” “Eligible Credit Card Receivables,” “Eligible In-Transit Inventory,”
“Eligible Inventory,” “Eligible Letter of Credit Inventory,” “Eligible Billings,” “Eligible Receivables,” “Eligible Unbilled Receivables,” “Inventory,” “Net Orderly Liquidation
Value,” “Receivables,” “Account” and “Value” if, as a result thereof, the amounts available to be borrowed by the Borrower would be increased; provided that the foregoing shall not limit the Permitted
Discretion of the Administrative Agent to add, remove, reduce or increase any Reserves (subject to the terms herein) or (C) provide that any amounts due to Designated Hedge Creditors under Designated Hedge Agreements be paid pursuant to any of
clauses (a) through (d) of Section 8.03; and 

  
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 (v) the consent of Lenders holding more than 50% of any Class of Commitments
or Loans shall be required with respect to any amendment that by its terms adversely affects the rights of such Class in respect of payments pursuant to Section 8.03 or Collateral hereunder in a manner different than such amendment
affects other Classes. 
 Any waiver or consent with respect to this Agreement given or made in accordance with this Section 11.12 shall be
effective only in the specific instance and for the specific purpose for which it was given or made. 
 (b) No provision of
Section 2.05 or any other provision in this Agreement specifically relating to Letters of Credit may be amended without the consent of any LC Issuer adversely affected thereby (in addition to the Required Lenders). No provision of
Article IX may be amended without the consent of the Administrative Agent and no provision of Section 2.04 may be amended without the consent of any Swing Line Lender adversely affected thereby (in addition to the Required
Lenders). 
 (c) No amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent or the Collateral Agent, as
applicable, in addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent or the Collateral Agent, as applicable, under this Agreement or any other Loan Document. 

(d) To the extent the Required Lenders (or all of the Lenders, as applicable, as shall be required by this Section 11.12) waive the
provisions of Section 7.03 with respect to the sale, transfer or other disposition of any Collateral, or any Collateral is sold, transferred or disposed of as permitted by Section 7.03, (i) such Collateral (but not any
proceeds thereof) shall be sold, transferred or disposed of free and clear of the Liens created by the respective Security Documents; (ii) if such Collateral includes all of the Equity Interests of a Subsidiary that is a party to the Guaranty
or whose stock is pledged pursuant to the Collateral Agreement, such Equity Interests (but not any proceeds thereof) shall be automatically released from the Collateral Agreement and such Subsidiary shall be automatically released from the Guaranty
and (iii) the Administrative Agent shall be authorized to take actions deemed appropriate by it in order to evidence or effectuate the foregoing. 

(e) In no event shall the Required Lenders, without the prior written consent of each Lender, direct the Administrative Agent to accelerate and
demand payment of the Loans held by one Lender without accelerating and demanding payment of all other Loans or to terminate the Commitments of one or more Lenders without terminating the Commitments of all Lenders. Each Lender agrees that, except
as otherwise provided in any of the Loan Documents and without the prior written consent of the Required Lenders, it will not take any legal action or institute any action or proceeding against any Loan Party with respect to any of the Obligations
or Collateral, or accelerate or otherwise enforce its portion of the Obligations. Without limiting the generality of the foregoing, none of Lenders may exercise any right that it might otherwise have under applicable law to credit bid at foreclosure
sales, uniform commercial code sales or other similar sales or dispositions of any of the Collateral except as authorized by the Required Lenders. Notwithstanding anything to the contrary set forth in this Section 11.12(e) or elsewhere
herein, each Lender shall be 
 authorized to take such action to preserve or enforce its rights against any Loan Party where a deadline or limitation period
is otherwise applicable and would, absent the taking of specified action, bar the enforcement of Obligations held by such Lender against such Loan Party, including the filing of proofs of claim in any insolvency proceeding. 

(f) If in connection with any proposed amendment, modification, termination, waiver or consent (a “Proposed Change”) with
respect to any provisions hereof as contemplated by this Section 11.12 that requires the consent of a greater percentage of the Lenders than the Required Lenders, the consent of the Required Lenders shall have been obtained but the
consent of a Lender whose consent is required shall not have been obtained (each a “Non-Consenting Lender”) then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such
Non-Consenting Lender to assign and delegate, without recourse, all of its interests, rights and obligations under this Agreement and any other Loan Document to an Eligible Assignee (including any 

  
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 Investor, the Borrower or any Restricted Subsidiary in accordance with the terms of
Section 11.06) that shall assume such obligations; provided that such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts
payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts, including any breakage compensation under Section 3.04 and any
amounts accrued and owing to such Lender under Section 3.01 or 3.02). Each Lender agrees that, if it becomes a Non-Consenting Lender and is being replaced in accordance with this Section 11.12(f), it shall execute and
deliver to the Administrative Agent an Assignment Agreement to evidence such assignment and shall deliver to the Administrative Agent any Notes previously delivered to such Non-Consenting Lender. If such Non-Consenting Lender fails to execute such
Assignment Agreement within two (2) Business Days following its receipt thereof from the Administrative Agent, it shall be deemed to have executed such Assignment Agreement. 

(g) Notwithstanding the foregoing, no Lender consent is required to effect any amendment or supplement to the ABL/Bond Intercreditor Agreement
or any Customary Intercreditor Agreement or other intercreditor agreement or arrangement permitted under this Agreement that is for the purpose of adding the holders of any Indebtedness as expressly contemplated by the terms of the ABL/Bond
Intercreditor Agreement or such Customary Intercreditor Agreement or such other intercreditor agreement or arrangement permitted under this Agreement, as applicable (it being understood that any such amendment or supplement may make such other
changes to the applicable intercreditor agreement as, in the good faith determination of the Administrative Agent, are required to effectuate the foregoing; provided that such other changes are not adverse, in any material respect, to the
interests of the Lenders); provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder or under any other Loan Document without the prior written consent
of the Administrative Agent. 
 (h) Any provision of this Agreement or any other Loan Document may be amended by an agreement in writing
entered into by the Borrower and the Administrative Agent to cure any ambiguity, omission, mistake, defect or inconsistency so long as, in each case, (i) the Administrative Agent reasonably believes such amendment is required to give effect to
the purpose, terms, and conditions of this Agreement or (ii) the Lenders shall have received at least five (5) Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five
(5) Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment; provided that the consent of the Lenders or the Required Lenders, as the
case may be, shall not be required to make any such changes necessary to be made in connection with any Incremental Revolving Credit Commitment Assumption Agreement or any Extension Amendment. 

(i) Notwithstanding anything to the contrary contained in Section 11.12, guarantees, collateral documents and related documents
executed by Restricted Subsidiaries in connection with this Agreement may be in a form reasonably determined by the Administrative Agent and may be, together with any other Loan Document, entered into, amended, supplemented or waived, without the
consent of any other person, by the applicable Loan Party or Loan Parties and the Administrative Agent in its or their respective sole discretion, to (i) 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 Creditors, (ii) as required by local law to give effect to, or protect any security interest for the benefit of the Secured Creditors, in any
property or so that the security interests therein comply with applicable requirements of law, or (iii) to cure ambiguities, omissions, mistakes or defects or to cause such 

guarantee, collateral security document or other document to be consistent with this Agreement and the other Loan Documents. 

(j) No real property shall be required to be Mortgaged Property unless the Lenders receive forty-five (45) days advance notice and each
Lender confirms to the Administrative Agent that it has completed all flood due diligence, received copies of all flood insurance documentation and confirmed flood insurance compliance as required by the Flood Insurance Laws or as otherwise
satisfactory to such Lender. 

  
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 (k) 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, (y) any waiver, amendment or modification requiring the consent of all Lenders or
each affected Lender that by its terms materially and adversely affects any Defaulting Lender (if such Lender were not a Defaulting Lender) to a greater extent than other affected Lenders shall require the consent of such Defaulting Lender and
(z) any reduction or postponement of payments due to Defaulting Lenders (other than as provided in Section 2.17). 

Section 11.13 Survival of Indemnities. All indemnities set forth herein including Article III,
Section 9.09 or Section 11.02 shall survive the execution and delivery of this Agreement and the making and repayment of the Obligations. 

Section 11.14 Domicile of Loans. Each Lender may transfer and carry its Loans at, to or for the account of any branch office,
subsidiary or affiliate of such Lender; provided, however, that the Borrower shall not be responsible for costs arising under Section 3.01 resulting from any such transfer (other than a transfer pursuant to
Section 3.03) to the extent not otherwise applicable to such Lender prior to such transfer. 
 Section 11.15
Confidentiality. 
 (a) Each of the Administrative Agent, each LC Issuer and the Lenders agrees to maintain the confidentiality of the
Confidential Information, except that Confidential Information may be disclosed (1) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors on a confidential and
need-to-know basis (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep such Confidential Information confidential), (2) to any
direct or indirect contractual counterparty in any Hedge Agreement (or to any such contractual counterparty’s professional advisor on a confidential and need-to-know basis), so long as such contractual counterparty (or such professional
advisor) agrees to be bound by the provisions of this Section 11.15, (3) to the extent requested by any regulatory authority having jurisdiction over the applicable disclosing party, (4) pursuant to the order of any court or
administrative agency or in any pending legal, judicial or administrative proceeding or other compulsory process or otherwise as required by applicable laws or regulations (in which case, each disclosing party agrees (except with respect to any
audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority), to inform you to the extent not prohibited by law), (5) to any other party to this Agreement,
(6) to any other creditor of a Loan Party that is a direct or intended beneficiary of this Agreement, (7) in connection with the exercise of any remedies under Section 8.02, or any suit, action or proceeding relating to this
Agreement or any of the other Loan Documents or the enforcement of rights hereunder or thereunder, (6) subject to an agreement containing provisions substantially the same as those of this Section 11.15, to any current or
prospective funding source of a Lender and to any assignee of or participant in any of its rights or obligations under this Agreement, or in connection with transactions permitted pursuant to Section 11.06(f), in each case, to the extent
such Person is an Eligible Assignee and excluding, for the avoidance of doubt any Disqualified Lender; except to the extent that such Disqualified Lender is of the type referred to in clause (a) of the definition thereof and such the identity
of such Disqualified Lender has not been made available to the Lenders) (7) with the written consent of the Borrower, or (8) to the extent such Confidential Information (i) becomes publicly available other than as a result of a breach
of this Section 11.15 or any other confidentiality agreement known after reasonable diligence by such Person to be applicable to such Confidential Information, or (ii) becomes available to the Administrative Agent, any LC Issuer or
any Lender on a non-confidential basis from a source other than a Loan Party or any of their Affiliates or any other Person with a confidentiality obligation to any Loan Party or any of their Affiliates and not otherwise in violation of this
Section 11.15. 
 (b) As used in this Section 11.15, “Confidential Information” means all
information received from the Borrower or its Affiliates or the Investors relating to the Borrower, its Subsidiaries or their businesses; provided, however, that, in the case of information received from the Borrower or its Affiliates
after the Closing Date, such information is clearly identified at the time of delivery as confidential. 

  
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 (c) The Borrower hereby agrees that the failure of the Administrative Agent, any LC Issuer
or any Lender to comply with the provisions of this Section 11.15 shall not relieve the Borrower, or any other Loan Party, of any of its obligations under this Agreement or any of the other Loan Documents. 

Section 11.16 Limitations on Liability of the LC Issuers. The Borrower assumes all risks of the acts or omissions of any
beneficiary or transferee of any Letter of Credit with respect to its use of such Letters of Credit. Neither any LC Issuer nor any of its officers or directors shall be liable or responsible for: (a) the use that may be made of any Letter of
Credit or any acts or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects
invalid, insufficient, fraudulent or forged; or (c) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit, except that the LC Obligor shall have a claim against an LC Issuer, and an LC Issuer
shall be liable to such LC Obligor, to the extent of any direct, but not consequential, damages suffered by such LC Obligor that such LC Obligor proves were caused by such LC Issuer’s willful misconduct, gross negligence or breach of a Loan
Document as determined by a final non-appealable judgment of a court of competent jurisdiction. In furtherance and not in limitation of the foregoing, an LC Issuer may accept documents that reasonably appear on their face to be in order, without
responsibility for further investigation. 
 Section 11.17 General Limitation of Liability. Notwithstanding any other provision
herein, no claim may be made by any Loan Party, any Lender, the Administrative Agent, any LC Issuer or any other Person against any Loan Party, the Administrative Agent, any LC Issuer, or any other Lender or the Affiliates, directors, officers,
employees, agent, controlling person, advisor or other representative of the foregoing or any successor or permitted assign of any of the foregoing for any damages other than actual compensatory damages in respect of any claim for breach of contract
or any other theory of liability arising out of or related to the transactions contemplated by this Agreement or any of the other Loan Documents, or any act, omission or event occurring in connection therewith; and the Borrower, each of the other
Loan Parties, each Lender, the Administrative Agent, each LC Issuer and the Affiliates, directors, officers, employees, agents, controlling persons, advisors and other representatives of the foregoing any successor or permitted assign of any of the
foregoing hereby, to the fullest extent permitted under applicable law, waive, release and agree not to sue or counterclaim upon any such claim for any special, indirect, consequential or punitive damages (including, without limitation, any loss of
profits, business or anticipated savings) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement), whether or not accrued and whether or not known or suspected to exist in their favor;
provided that nothing contained in this sentence shall limit the Borrower’s indemnification obligations to the extent set forth in Section 11.02 to the extent such special, indirect, consequential or punitive damages are
included in any third party claim in connection with which any Indemnitee is entitled to indemnification under Section 11.02. Notwithstanding the foregoing, each Indemnitee will be obligated to refund and return promptly any and all
amounts paid under Section 11.02 to the extent it has been determined in a court of competent jurisdiction in a final and non-appealable decision that such Indemnitee is not entitled to payment of such amounts in accordance with the
terms of Section 11.02. 
 Section 11.18 No Duty. All attorneys, accountants, appraisers, consultants and other
professional persons (including the firms or other entities on behalf of which any such Person may act) retained by the Administrative Agent or any Lender with respect to the transactions contemplated by the Loan Documents shall have the right to
act exclusively in the interest of the Administrative Agent or such Lender, as the case may be, and shall have no duty of disclosure, duty of loyalty, duty of care, or other duty or obligation of any type or nature whatsoever to the Borrower, to any
of its Subsidiaries, or to any other Person, with respect to any matters within the scope of such representation or related to their activities in connection with such representation. The Borrower agrees, on behalf of itself and its Subsidiaries,
not to assert any claim or counterclaim against any such Persons with regard to such matters, all such claims and counterclaims, now existing or hereafter arising, whether known or unknown, foreseen or unforeseeable, being hereby waived, released
and forever discharged. 
 Section 11.19 Lenders and Agent Not Fiduciary to Borrower, etc. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower and each other Loan Party acknowledge and agree and acknowledge their respective
Affiliates’ understanding that (i)(A) the services regarding this Agreement provided by the Agents and/or the Lenders are arm’s-length commercial transactions between the Borrower, each other Loan Party and their respective
Affiliates, on the one hand, and the Agents and the Lenders, on the other hand, (B) the Borrower and each 

  
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 other Loan Party have consulted their own legal, accounting, regulatory and tax advisors to the extent they
have deemed appropriate, and (C) the Borrower and each other Loan Party are capable of evaluating and understanding, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan
Documents; (ii)(A) each of the Agents and the Lenders is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for
the Borrower, any other Loan Party or any of their respective Affiliates, or any other Person, and (B) neither the Agents nor any Lender has any obligation to the Borrower, any other Loan Party or any of their Affiliates with respect to the
transaction contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Agents, the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve
interests that differ from those of the Borrower, the other Loan Parties and their respective Affiliates, and each of the Agents and the Lenders has no obligation to disclose any of such interests to the Borrower, any other Loan Party or any of
their respective Affiliates. To the fullest extent permitted by law, the Borrower and the other Loan Parties hereby waives and releases any claims that it may have against the any Agent or any Lender with respect to any breach or alleged breach of
agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 Section 11.20 Survival of
Representations and Warranties. All representations and warranties herein shall survive the making of Loans and all LC Issuances hereunder, the execution and delivery of this Agreement, the Notes and the other documents the forms of which are
attached as Exhibits hereto, the issue and delivery of the Notes, any disposition thereof by any holder thereof, and any investigation made by the Administrative Agent or any Lender or any other holder of any of the Notes or on its behalf. 

Section 11.21 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 Section 11.22
[Reserved]. 
 Section 11.23 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time
the interest rate applicable to any Loan, together with all fees, charges and other amounts that are treated as interest on such Loan under applicable law (collectively, the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) that may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all
Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this
Section 11.23 shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest
thereon at the Base Rate to the date of repayment, shall have been received by such Lender. 
 Section 11.24 Patriot Act. Each
Lender subject to the Patriot Act hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and
address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Patriot Act. 

Section 11.25 Intercreditor Agreements. Notwithstanding anything to the contrary set forth herein, this Agreement will be subject
to the terms and provisions of the ABL/Bond Intercreditor Agreement and any other applicable Customary Intercreditor Agreement. In the event of any inconsistency between the provisions of this Agreement and the ABL/Bond Intercreditor Agreement or
any other such Customary Intercreditor Agreement, the provisions of each Intercreditor Agreement shall govern and control. The Lenders acknowledge and agree that the Administrative Agent is authorized to, and the Administrative Agent agrees that
with respect to any applicable secured Indebtedness permitted to be incurred under this Agreement, upon request by the Borrower, it shall, enter into the ABL/Bond Intercreditor Agreement and any other Customary Intercreditor Agreement in accordance
with the terms hereof. The Lenders authorize the Administrative Agent to (a) enter into the ABL/Bond Intercreditor Agreement, and any other such Customary Intercreditor Agreement, (b) bind the Lenders on the terms set forth in the ABL/Bond
Intercreditor Agreement and such Customary Intercreditor Agreement and (c) perform and observe its obligations under the ABL/Bond Intercreditor Agreement and any such Customary Intercreditor Agreement. 

  
 - 162 - 

 Section 11.26 Waiver of Effect of Corporate Seal. The Borrower represents and
warrants that neither the Borrower nor any other Loan Party is required to affix its corporate seal to this Agreement or any other Loan Document pursuant to any Requirement of Law, agrees that this Agreement is delivered by the Borrowers under seal
and waives any shortening of the statute of limitations that may result from not affixing the corporate seal to this Agreement or such other Loan Documents. 

Section 11.27 Release of Guarantees and Liens. Notwithstanding anything to the contrary contained herein or in any other Loan
Document, the Administrative Agent and/or Collateral Agent shall take any action reasonably requested by the Borrower having the effect of evidencing the release of any Collateral or guarantee obligations under the circumstances provided for in
Section 9.01(b). When the Termination Date has occurred, and the Loan Parties have delivered to the Administrative Agent and the Collateral Agent a written release of all claims against the Administrative Agent, the Collateral Agent and
the Lenders, in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent, the Administrative Agent and/or the Collateral Agent will, at the Borrower’s sole expense, execute and deliver any termination
statements, lien releases, mortgage releases, re-assignments or releases of Intellectual Property, discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are necessary or
advisable and in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent to release, as of record, the Administrative Agent’s and/or the Collateral Agent’s Liens and all notices of security interests
and liens previously filed by the Administrative Agent and/or the Collateral Agent with respect to the Obligations. 
 Section 11.28
Amendment and Restatement. On the Closing Date, this Agreement shall amend and restate and supersede the Existing Credit Agreement in its entirety. On the Closing Date, the rights and obligations of the parties evidenced by the Existing
Credit Agreement shall be evidenced by this Agreement and the other Loan Documents as amended, restated, amended and restated, supplemented or otherwise modified and in effect on the Closing Date. All principal, interest, fees and expenses, if any,
owing or accruing under or in respect of the Existing Credit Agreement for periods prior to the Closing Date shall be calculated and paid on the Closing Date. Upon the effectiveness of this Agreement, each reference in the Loan Documents to
“the Credit Agreement” or words of similar effect shall mean this Agreement. Each Loan Party (a) acknowledges and agrees that each Loan Document (as defined in the Existing Credit Agreement) and all other instruments and documents
executed and delivered by such Loan Party in favor of the Administrative Agent or the Collateral Agent, as applicable, pursuant the Existing Credit Agreement, unless terminated or discharged prior to or on the Closing Date, shall remain in full
force and effect on the Closing Date in accordance with its terms, in each case as amended, restated, amended and restated, supplemented or otherwise modified and/or reaffirmed pursuant to the terms of this Agreement and the other Credit Documents
and (b) ratifies, reaffirms and confirms that, the Obligations that remain unpaid and outstanding as of the date of this Agreement after giving effect to the Transactions (x) continue outstanding under this Agreement and shall not be
deemed to be paid, released, discharged or otherwise satisfied by the execution of this Agreement, and this Agreement shall not constitute a refinancing, substitution or novation of such Obligations or any of the other rights, duties and obligations
of the parties hereunder, and the terms “Obligations” as such term is used in the Loan Documents shall include the Obligations as amended and restated under this Agreement, and (y) are secured pursuant to the Collateral Documents (as
defined in the Existing Credit Agreement), unless terminated or discharged on the Closing Date, in each case as amended, restated, amended and restated, supplemented or otherwise modified and/or reaffirmed pursuant to the terms of this Agreement and
the other Loan Documents. Without limiting the generality of the foregoing, all security interests, pledges, assignments and other Liens and Guarantees previously granted by any Loan Party pursuant to the Loan Documents executed and delivered in
connection with the Existing Credit Agreement are hereby reaffirmed, ratified, renewed and continued, and all such security interests, pledges, assignments and other Liens and Guarantees, in each case, unless expressly terminated, superseded or
discharged on and after the Closing Date, shall remain in full force and effect as security for the Obligations (as defined in this Agreement) on and after the Closing Date. 

  
 - 163 - 

 Section 11.29 Loans Under Existing Credit Agreement. On the Closing Date: no
Loans are outstanding. The Revolving Commitments under and as defined in the Existing Credit Agreement shall continue as Revolving Commitments hereunder and shall be assigned or re-allocated among the Revolving Commitments hereunder and, after
giving effect thereto and the continuation of loans and other extensions of credit under the Existing Credit Agreement under the immediately preceding sentence, the percentages of the Revolving Credit Commitments are as set forth on Schedule
1 hereto. In the event that, after giving effect to the foregoing conversions and continuations and funding of Revolving Loans on the Closing Date, any Lender holds any Revolving Loans in excess of its pro rata share thereof, the Lenders shall
effect a settlement among themselves, in such manner as the Administrative Agent may direct, so as to cause each Lender to hold its pro rata share of all such outstanding Revolving Loans. 

Section 11.30 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary
in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such
liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 
 (b) the
effects of any Bail-in Action on any such liability, including, if applicable: 
 (i) a reduction in full or in part or
cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority. 

Section 11.31 Flood Matters. Each of the parties hereto acknowledges and agrees that, if there are any Mortgaged Properties, any
increase in commitments, extension of maturity or renewal of any of the Commitments shall be subject to (and conditioned upon) the prior delivery of all flood hazard determination certifications, acknowledgements and evidence of flood insurance and
other flood-related documentation with respect to such Mortgaged Properties as required by applicable Flood Insurance Laws. 

Section 11.32 Certain ERISA Matters. 

Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Joint Lead Arrangers and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that at least one of the following is and will be true: 
 (a) such Lender is not using “plan assets” (within the
meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments or this Agreement, 

(b) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified
professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38
(a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Commitments and this Agreement; 

  
 - 164 - 

 (c) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager”
(within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the
Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE
84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans,
the Commitments and this Agreement; or 
 (d) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent,
in its sole discretion, and such Lender. 
 In addition, unless either (1) sub-clause (i) in the immediately preceding clause
(a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and
warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent and the Joint Lead Arrangers and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such
Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this
Agreement, any Loan Document or any documents related hereto or thereto). 
 Section 11.33 Acknowledgement Regarding Any Supported
QFCs. 
 To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Agreements or any other
agreement or instrument that is a QFC (such support “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal
Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York
and/or of the United States or any other state of the United States): 
 (a) In the event a Covered Entity that is party to a Supported QFC (each, a
“Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC
and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime
if the 
 Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States
or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to
such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported
QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender
shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

  
 - 165 - 

 (b) As used in this Section 11.33, the following terms have the following meanings: 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the following: 

(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b); 

(ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or 

(iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b). 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R.
§§252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term “qualified financial
contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 Section 11.34 Electronic Signatures.

 The words “execution,” “execute,” “signed,” “signature,” and words of like import in or related to
this Agreement or any other document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on
electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form
or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it. 

  
 -166 -EX-10.1

   

  Exhibit 10.1

   

  OFFICE LEASE

    

    

    

    

  by and between

    

    

    

    

  BSREP II SS CHICAGO LLC,

    

  as Landlord,

    

    

    

    

  and

    

    

    

  VIVID SEATS LLC,

    

  as Tenant

    

    

    

    

  24 East Washington Street 

  Chicago, Illinois

    

   

  

   

  				
	1.
	BASIC LEASE PROVISIONS..........................................................................................................................
	1

	 
	A.
	Landlord: BSREP II SS CHICAGO LLC............................................................................................
	1

	 
	B.
	Tenant: VIVID SEATS LLC, a Delaware limited liability company..................................................
	1

	 
	C.
	Guarantor: None...................................................................................................................................
	2

	 
	D.
	Premises Location................................................................................................................................
	2

	 
	E.
	Rentable Square Feet of the Premises..................................................................................................
	2

	 
	F.
	Rentable Square Feet of the Building...................................................................................................
	2

	 
	G.
	Term.....................................................................................................................................................
	2

	 
	H.
	Commencement Date...........................................................................................................................
	2

	 
	I.
	Expiration Date.....................................................................................................................................
	2

	 
	J.
	Projected Turnover Date......................................................................................................................
	2

	 
	K.
	Base Rent..............................................................................................................................................
	2

	 
	L.
	Rent Abatement Months.......................................................................................................................
	3

	 
	M.
	Partial Rent Abatement Months...........................................................................................................
	3

	 
	N.
	Tenant’s Proportionate Share...............................................................................................................
	3

	 
	O.
	Security Deposit...................................................................................................................................
	3

	 
	P.
	Broker(s)...............................................................................................................................................
	3

	 
	Q.
	Early Occupancy Charge......................................................................................................................
	3

	 
	R.
	Workletter.............................................................................................................................................
	3

	 
	S.
	Allowance.............................................................................................................................................
	3

	2.
	LEASE OF PREMISES......................................................................................................................................................
	6

	3.
	DESCRIPTION OF THE PROPERTY, PROJECT, BUILDING, PREMISES AND COMMON AREAS......................
	7

	 
	A.
	The Property.........................................................................................................................................
	7

	 
	B.
	The Building.........................................................................................................................................
	7

	 
	C.
	The Premises; Rentable Square Feet....................................................................................................
	7

	 
	D.
	The Common Areas..............................................................................................................................
	7

	 
	E.
	The Project...........................................................................................................................................
	7

	4.
	TERM AND POSSESSION..........................................................................................................................................
	8

	 
	A.
	Commencement and Expiration...........................................................................................................
	8

	 
	B.
	Landlord Work; Turnover Condition...................................................................................................
	8

	 
	C.
	“As Is”..................................................................................................................................................
	8

	5.
	RENT...................................................................................................................................................................................
	8

	 
	A.
	Definitions............................................................................................................................................
	8

	 
	B.
	Components of Rent.............................................................................................................................
	12

	 
	C.
	Payment of Rent...................................................................................................................................
	14

	 
	D.
	Tenant’s Proportionate Share...............................................................................................................
	15

	 
	E.
	Audit Rights.........................................................................................................................................
	15

	 
	F.
	Controllable Expenses..........................................................................................................................
	15

	6.
	USE.....................................................................................................................................................................
	16

	7.
	CONDITION OF PREMISES...........................................................................................................................
	16

	8.
	BUILDING SERVICES.....................................................................................................................................
	16

	 
	A.
	Basic Services.......................................................................................................................................
	16

	 
	B.
	Electricity.............................................................................................................................................
	17

	 
	C.
	Telephones............................................................................................................................................
	17

	 
	D.
	Additional Service; Supplemental Air Conditioning Units..................................................................
	17

	 
	E.
	Failure or Delay in Furnishing Services...............................................................................................
	18

	 
	F.
	Holidays................................................................................................................................................
	18

	 
	G.
	Tenant Cleaning...................................................................................................................................
	18

	9.
	RULES AND REGULATIONS........................................................................................................................
	19

	10.
	CERTAIN RIGHTS RESERVED TO LANDLORD........................................................................................
	19

	11.
	MAINTENANCE AND REPAIRS...................................................................................................................
	19

	 
	A.
	Tenant’s Obligations............................................................................................................................
	19

   

   

  

   

  				
	 
	B.
	Landlord’s Obligations.........................................................................................................................
	20

	12.
	ALTERATIONS................................................................................................................................................
	20

	 
	A.
	Requirements........................................................................................................................................
	20

	 
	B.
	Liens.....................................................................................................................................................
	21

	 
	C.
	Reasonable Consent.............................................................................................................................
	21

	 
	D.
	Interior Decorating Alterations............................................................................................................
	21

	13.
	INSURANCE.....................................................................................................................................................
	22

	 
	A.
	Tenant’s Insurance...............................................................................................................................
	22

	 
	B.
	Landlord’s Insurance...........................................................................................................................
	23

	 
	C.
	Risk of Loss..........................................................................................................................................
	23

	 
	D.
	General Waiver.....................................................................................................................................
	23

	14.
	TENANT’S RESPONSIBILITIES....................................................................................................................
	23

	 
	A.
	Waiver of Claims..................................................................................................................................
	23

	 
	B.
	Indemnity by Tenant............................................................................................................................
	24

	 
	C.
	Indemnity by Landlord.........................................................................................................................
	24

	 
	D.
	Landlord’s Negligence.........................................................................................................................
	24

	15.
	DAMAGE OR DESTRUCTION BY CASUALTY..........................................................................................
	24

	 
	A.
	Termination of Lease, Repair by Landlord..........................................................................................
	24

	 
	B.
	Repair by Tenant..................................................................................................................................
	25

	 
	C.
	Abatement of Rent...............................................................................................................................
	26

	 
	D.
	Untenantability....................................................................................................................................
	26

	 
	E.
	Core and Shell.....................................................................................................................................
	26

	16.
	EMINENT DOMAIN.......................................................................................................................................
	26

	 
	A.
	Substantial Taking...............................................................................................................................
	26

	 
	B.
	Taking of Part......................................................................................................................................
	27

	 
	C.
	Compensation......................................................................................................................................
	27

	17.
	ASSIGNMENT AND SUBLETTING.............................................................................................................
	27

	 
	A.
	Prohibitions.........................................................................................................................................
	27

	 
	B.
	Continuing Liability............................................................................................................................
	27

	 
	C.
	Notice of Proposed Assignment or Sublease......................................................................................
	27

	 
	D.
	Grounds for Withholding Consent......................................................................................................
	28

	 
	E.
	Excess Rent Payment..........................................................................................................................
	29

	 
	F.
	Lease Assumption...............................................................................................................................
	29

	 
	G.
	Corporation, Partnership and Limited Liability Company Transfers.................................................
	29

	 
	H.
	Permitted Transfers.............................................................................................................................
	29

	 
	I.
	Prohibition...........................................................................................................................................
	30

	18.
	SURRENDER...................................................................................................................................................
	30

	19.
	DEFAULTS AND REMEDIES........................................................................................................................
	31

	 
	A.
	Evidence of Default.............................................................................................................................
	31

	 
	B.
	Right of Re‐Entry................................................................................................................................
	31

	 
	C.
	Termination of Right to Possession....................................................................................................
	31

	 
	D.
	Termination of Lease..........................................................................................................................
	32

	 
	E.
	Other Remedies..................................................................................................................................
	32

	 
	F.
	Bankruptcy.........................................................................................................................................
	32

	 
	G.
	Waiver of Trial by Jury......................................................................................................................
	32

	 
	H.
	Venue.................................................................................................................................................
	32

	 
	I.
	Landlord Defaults..............................................................................................................................
	32

	 
	J.
	Waiver of Consequential and Punitive Damages..............................................................................
	32

	20.
	HOLDING OVER...........................................................................................................................................
	33

	21.
	SECURITY DEPOSIT....................................................................................................................................
	33

	 
	A.
	Security Deposit...................................................................................................................................
	33

	22.
	HAZARDOUS SUBSTANCES; ADA..............................................................................................................
	34

   

  ii

  

   

  				
	 
	A.
	Hazardous Substances..........................................................................................................................
	34

	 
	B.
	Landlord Responsibility.......................................................................................................................
	34

	 
	C.
	Americans With Disabilities Act..........................................................................................................
	35

	23.
	ESTOPPEL CERTIFICATE............................................................................................................................
	36

	24.
	SUBORDINATION.........................................................................................................................................
	36

	 
	A.
	Subordination of Lease.......................................................................................................................
	36

	 
	B.
	Notice of and Opportunity to Cure Defaults.......................................................................................
	36

	 
	C.
	Rights of Successors...........................................................................................................................
	37

	 
	D.
	Subordination of Mortgage.................................................................................................................
	37

	 
	E.
	Liability of Mortgagee and Ground Lessor........................................................................................
	37

	 
	F.
	Immediate Default..............................................................................................................................
	37

	25.
	QUIET ENJOYMENT.....................................................................................................................................
	38

	26.
	BROKER..........................................................................................................................................................
	38

	27.
	NOTICES.........................................................................................................................................................
	38

	28.
	LANDLORD WORK; TENANT’S WORK....................................................................................................
	38

	 
	A.
	Landlord Work....................................................................................................................................
	38

	 
	B.
	Substantially Complete.......................................................................................................................
	38

	 
	C.
	Turnover; Tenant’s Work...................................................................................................................
	39

	 
	D.
	Early Occupancy................................................................................................................................
	39

	 
	E.
	Turnover Date; Substantial Completion; Defects..............................................................................
	40

	29.
	MISCELLANEOUS........................................................................................................................................
	40

	 
	A.
	Successors and Assigns......................................................................................................................
	40

	 
	B.
	Entire Agreement...............................................................................................................................
	40

	 
	C.
	Time of Essence.................................................................................................................................
	40

	 
	D.
	Counterparts.......................................................................................................................................
	40

	 
	E.
	Execution and Delivery......................................................................................................................
	40

	 
	F.
	Severability.........................................................................................................................................
	40

	 
	G.
	Governing Law...................................................................................................................................
	40

	 
	H.
	Attorneys’ Fees...................................................................................................................................
	40

	 
	I.
	Delay in Possession............................................................................................................................
	41

	 
	J.
	Tenant; Joint and Several Liability....................................................................................................
	41

	 
	K.
	Force Majeure....................................................................................................................................
	41

	 
	L.
	Captions.............................................................................................................................................
	41

	 
	M.
	No Waiver..........................................................................................................................................
	41

	 
	N.
	Landlord.............................................................................................................................................
	41

	 
	O.
	Landlord’s Right to Perform Tenant’s Duties...................................................................................
	42

	 
	P.
	Landlord Access to Premises..............................................................................................................
	42

	 
	Q.
	Limitation of Liability........................................................................................................................
	42

	 
	R.
	Prohibited Persons and Transactions..................................................................................................
	43

	 
	S.
	Taxable REIT Subsidiary....................................................................................................................
	43

	 
	T.
	Landlord as Agent...............................................................................................................................
	43

	 
	U.
	Partial Payment of Rent......................................................................................................................
	43

	 
	V.
	Cellular Service..................................................................................................................................
	43

	 
	W.
	Landlord’s Lien..................................................................................................................................
	43

	 
	X.
	Access.................................................................................................................................................
	43

	 
	Y.
	No Re-Measurement...........................................................................................................................
	43

	30.
	RIGHT OF FIRST OFFER..............................................................................................................................
	44

	31.
	EXTENSION OPTION....................................................................................................................................
	47

	32.
	MARKET RENTAL RATE............................................................................................................................
	48

	33.
	SIGNAGE........................................................................................................................................................
	49

	34.
	OPTION TO TERMINATE............................................................................................................................
	50

	35.
	SATELLITE DISH..........................................................................................................................................
	51

   

  iii

  

   

  			
	36.
	COMPETITORS..............................................................................................................................................
	52

	37.
	SUBSTITUTION OF OTHER PREMISES....................................................................................................
	52

	38.
	AMENITIES....................................................................................................................................................
	53

	39.
	PRE-OCCUPANCY EXPANSION OPTION.................................................................................................
	55

	40.
	SELF HELP/SET-OFF RIGHTS-ALLOWANCE DISBURSEMENT DEFAULTS.....................................
	56

   

   

  EXHIBITS

    

  A.           Landlord Work Outline Specifications 

  B.           Floor Plan(s)

  C.           Workletter

  D.           Rules and Regulations

  E.           HVAC Specifications/Guidelines

  F.           General Location and Other Agreed Upon Features of Lobby Signage

  G.           First Offer Space-Rights of Prior Rights Tenants

  H.           Cleaning Specifications

  iv

  

   

  OFFICE LEASE

  (24 East Washington Street Chicago)

   

  THIS OFFICE LEASE (“Lease” or “lease”) is made as of the ____21___ day of _____December_____, 2021, between BSREP II SS CHICAGO LLC, a Delaware limited liability company (“Landlord”), and VIVID SEATS LLC, a Delaware limited liability company (“Tenant”).

   

  1. BASIC LEASE PROVISIONS.  The basic terms of this Lease are known as the “Basic Lease Provisions”, which are set forth below:

   

  A. Landlord:                                         

  BSREP II SS CHICAGO LLC

   

  A.1 Landlord’s Address:                        

  Brookfield Properties Canada Management LP

  Brookfield Place

  700- 181 Bay Street

  Toronto, ON, M5J 2T3

  Canada

  Attention:  SVP, Legal Counsel

   

  With a copy to:                               

  Brookfield Properties (USA II) LLC

  Brookfield Place

  250 Vesey Street

  15th Floor

  New York, NY 10281-1023

  USA

  Attention: SVP Legal Leasing

    

    With a further copy to:                    

  Brookfield Properties Management Office

  24 East Washington Street, Suite 1375

  Chicago, Illinois 60602

  Attention: General Manager

   

    With a further copy to:                    

  DLA Piper LLP (US)

  444 West Lake Street

  Chicago, Illinois 60601

  Attention: Edward S. Goldman, Esq.

   

  B. Tenant:                                            

  VIVID SEATS LLC, a Delaware limited liability company

   

  B.1 Tenant’s Address

         Prior to the Commencement Date:  

  Vivid Seats LLC

  111 N. Canal St., Ste. 800

  Chicago, Illinois 60606

  Attention:  Legal Department

   

  Email: David.Morris@vividseats.com

   

    With a copy to:                                

  William J. Lewis

  c/o Barnes & Thornburg LLP

  One North Wacker Drive, Suite 4400

  Chicago, IL 60606

  Email: wlewis@btlaw.com

                                                            

   

  

   

   

  After Commencement Date:            

  Vivid Seats LLC

  24 East Washington Street, 9th Floor

  Chicago, Illinois 60602

  Attention:  Legal Department

   

    Email: David.Morris@vividseats.com 

       

   With a copy to:                                

  William J. Lewis 

  c/o Barnes & Thornburg LLP

  One North Wacker Drive, Suite 4400

  Chicago, IL 60606

  Email: wlewis@btlaw.com

                                                    

  C. Guarantor:           None

   

  D. Premises Location. Floor(s): a portion of the 9th floor, to be known as Suite 900, as more fully described in Section 3.C. below.

   

  E. Rentable Square Feet of the Premises.  47,881 Rentable Square Feet, measured in accordance with the standards described in Section 3.C., and subject to any expansion rights provided in this Lease.

   

  F. Rentable Square Feet of the Building.  636,848 Rentable Square Feet, as measured in accordance with the standards described in Section 3.C.

   

  G. Term. Approximately eleven (11) years, beginning with the Commencement Date and ending with the Expiration Date, subject to any exercised extension and/or termination rights provided in this Lease, and as may be extended pursuant to extension options set forth herein or as otherwise agreed upon in writing by the parties, at their sole discretion.

   

  H. Commencement Date.  January 1, 2023 (subject to adjustment, if applicable, under Section 4.A. below, and without limitation of certain early occupancy rights of Tenant as expressly provided in Section 28.D. below).

   

  I. Expiration Date.  The last day of the eleventh (11th) Lease Year (as defined in Section 5.A.(ii) below).

   

  J. Projected Turnover Date.  The thirtieth (30th) day following the date of mutual execution and delivery of this Lease by Landlord and Tenant. 

   

  K. Base Rent. (Subject to Section 5): 

    

  				
	Lease Year
	Annual Base Rent (RSF)
	Annual Base Rent
	Monthly Base Rent

	1
	$30.50
	$1,460,370.50
	$121,697.54

	2
	$31.19
	$1,493,408.39
	$124,450.70

	3
	$31.89
	$1,526,925.09
	$127,243.76

	4
	$32.61
	$1,561,399.41
	$130,116.62

	5
	$33.34
	$1,596,352.54
	$133,029.38

	6
	$34.09
	$1,632,263.29
	$136,021.94

	7
	$34.86
	$1,669,131.66
	$139,094.31

	8
	$35.64
	$1,706,478.84
	$142,206.57

	9
	$36.44
	$1,744,783.64
	$145,398.64

	10
	$37.26
	$1,784,046.06
	$148,670.51

	11 (through Expiration Date)
	$38.10
	$1,824,266.10
	$152,022.18

   

  L. Rent Abatement Months.  Each of the first fourteen (14) full calendar months occurring from and after the Commencement Date, pursuant to Section 5.B. 

   

  M. Partial Rent Abatement Months.  Each of the first six (6) full calendar months occurring from and after the last Rent Abatement Month pursuant to Section 5.B. 

  2

  

   

   

  N. Tenant’s Proportionate Share.  7.52% (which percentage shall be determined and subject to adjustment as provided in Section 5.D. below).

   

  O. Security Deposit.  $176,840.49, as provided in Section 21.

   

  P. Broker(s).  The Telos Group LLC (“Landlord’s Broker”) and CBRE, Inc. (“Tenant’s Broker”).

   

  Q. Early Occupancy Charge.  $.10 per Rentable Square Foot of the Premises per calendar month.

   

  R. Workletter.  The Workletter Agreement attached hereto and incorporated herein as Exhibit C.

   

  S. Allowance. The aggregate of $6,463,935.00 (i.e., being $135 per RSF of the Premises), as set forth in Section 9 of the Workletter.

   

  The Basic Lease Provisions are intended to be only a summary of certain basic terms of this Lease.  In the event of any inconsistency between such terms and the terms hereinafter set out in this Lease, the latter shall govern.

   

  1.1         Definitions. 

   

  In this Lease, unless specifically defined differently in the subject matter of any provision hereof:

   

  (a) “Additional Rent” has the meaning given to it in Section 5.B;

   

  (b) “Additional Rules and Regulations” has the meaning given to it in Section 9;

   

  (c) “Allowance” has the meaning given to it in Section 9(a)(i) of the Workletter;

   

  (d) “Allowance Permitted Costs” has the meaning given to in Section 9(a)(i) of the Workletter;

   

  (e) “Bankruptcy Event” shall be deemed to have occurred with respect to Tenant or any Guarantor of Tenant’s obligations under this Lease if (i) such Person makes an assignment for the benefit of creditors, (ii) such Person commences a voluntary case or proceeding under any applicable law (including, without limitation, Title 11 of the United States Code) in any jurisdiction (including, without limitation, the United States, any state or any foreign jurisdiction) relating to bankruptcy, insolvency, reorganization, liquidation, dissolution or relief of debtors, (iii) such Person is adjudged a bankrupt or insolvent, or has entered against it an order for relief or similar adjudication, in any proceeding in any jurisdiction (including, without limitation, the United States, any state or any foreign jurisdiction) relating to bankruptcy, insolvency, reorganization, dissolution, liquidation or relief of debtors, (iv) such Person files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any law (including, without limitation, Title 11 of the United States Code) of any jurisdiction (including, without limitation, the United States, any state or any foreign jurisdiction), (v) such Person files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding in any jurisdiction (including, without limitation, the United States, any state or any foreign jurisdiction) relating to bankruptcy, insolvency, reorganization, dissolution, liquidation or relief of debtors, (vi) such Person seeks, consents to or acquiesces in the appointment of a trustee, receiver, assignee, liquidator, conservator, administrator, sequestrator, custodian or similar official for the Person or of all or any substantial part of its assets, (vii) such person admits in writing its inability to pay its debts generally as they become due, or (viii) any involuntary case, proceeding or other action against such Person shall be commenced in any jurisdiction (including, without limitation, the United States, any state or any foreign jurisdiction) seeking to have an order for relief entered against it as a debtor or to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, liquidation, dissolution, composition of it or its debts or similar relief under any law (including, without limitation, Title 11 of the United States Code) of any jurisdiction (including, without limitation, the United States, any state or any foreign jurisdiction) relating to bankruptcy, insolvency, reorganization, dissolution, liquidation or relief of debtors, or seeking appointment of a trustee, receiver, assignee, liquidator, conservator, administrator, sequestrator, custodian or similar official for it or for all or any substantial part of its property, and such case, proceeding or other action (A) results in the entry of any order for relief or similar adjudication against it, or (B) shall remain undismissed for a period of ninety (90) days;

   

  (f) “BOMA” has the meaning given to it in Section 3.C.;

   

  (g) “Building” has the meaning given to it in Section 3.B.;

   

  3

  

   

  (h) “Building Systems” means:

   

  (i)          the base Building “HVAC Systems” (as defined below) and all other base Building systems, installations and facilities from time to time installed in or servicing the Building (or any portion thereof) or the Common Areas (or any portion thereof), whether exclusively or in common with other parts of the Project including, but not limited to, the base Building elevators and escalators and the following base Building systems, installations and facilities: mechanical (including plumbing, sprinkler, drainage and sewage and any distribution channels of same, other than distribution channels installed by Tenant), electrical (including lighting and emergency power and any distribution channels of same, other than distribution channels installed by Tenant) and other utilities (and any distribution channels of same, other than distribution channels installed by Tenant), communications (including any distributed antenna system), life safety (including fire prevention, security and surveillance), and computer (including environmental, security and lighting control); and

   

  (ii)         all machinery, appliances, equipment, apparatus, components, computer hardware and software and appurtenances forming part of or used for or in connection with any of such base Building systems, installations and facilities including, but not limited to, boilers, motors, generators, fans, pumps, pipes, conduits, ducts, valves, wiring, meters and controls, and the structures and shafts housing and enclosing any of them.

   

  (i) “Commencement Date” means the date determined pursuant to Section 4.A.;

   

  (j) “Common Areas” has the meaning given in Section 3.D.;

   

  (k) “Construction Rules” has the meaning given in Section 2 of the Work Letter;

   

  (l) “Developer Parcel” means the “Developer Parcel” described in the REA, as such Developer Parcel may be altered, expanded or reduced from time to time thereunder;

   

  (m) “Early Occupancy Charge” has the meaning given in Section 28.D.;

   

  (n) “Early Occupancy Date” has the meaning given in Section 28.D.;

   

  (o) “Executive Order” has the meaning given in Section29.R.;

   

  (p) "Expense Reduction Capital Improvement" has the meaning given in Section 5.A.(i);

   

  (q) “First Offer Notice” where applicable has the meaning given in Section 30;

   

  (r) “First Offer Space Commencement Date” where applicable has the meaning given in Section 30;

   

  (s) “First Offer Space” where applicable has the meaning given in Section 30.;

   

  (t) “Force Majeure” has the meaning given to it in Section 29.K.;

   

  (u) “Ground Lessor” has the meaning set forth in Section 24.A.;

   

  (v) “Guarantor” means the Person, if any, named as Guarantor in Section 1.C.; 

   

  (w) “Holidays” has the meaning set forth in Section 8.F.;

   

  (x) “HVAC System(s)” means all interior climate control (including heating, ventilating and air-conditioning) systems, installations, equipment and facilities in or servicing the Building that are provided or designated from time to time by the Landlord for the benefit of more than one (1) tenant or component of the Building;

   

  (y) “Hazardous Substances” has the meaning given in Section 22.A.;

   

  (z) “Improvements” has the meaning given in Section 10;

   

  (aa) “Landlord” means the party named in Section 1.A., the successors and assigns of the Landlord;

   

  (bb) “Landlord Parties” has the meaning given in Section 14.A;

  4

  

   

   

  (cc) “Landlord Work” has the meaning given in Section 28.A;

   

  (dd) “Laws” has the meaning given in Section 6;

   

  (ee) “Lease” means this Lease as it may be amended from time to time in accordance with the provisions hereof and includes all Exhibits annexed hereto and forming part hereof; 

   

  (ff) “Lease Year” has the meaning given in Section 5.A.(ii);

   

  (gg) “Management Company” means the company or other entity, if any, retained by Landlord, or jointly retained by the Landlord and any one or more Project Owners, from time to time to operate or manage the Building or any part thereof (the “Senior Manager”) and includes the company or other entity, if any, retained by Landlord or the Senior Manager, from time to time to sub-manage and operate the Building or any part thereof; 

   

  (hh) “Mortgage” has the meaning given in Section 24.A.;

   

  (ii) “Mortgagee” has the meaning given in Section 24.A.; 

   

  (jj) “Money Laundering Act” has the meaning given in Section 29.R.;

   

  (kk) “OFAC” has the meaning given in Section 29.R.;

   

  (ll) “Person”, according to the context, includes any person, corporation, firm, partnership or other entity, any group of persons, corporations, firms, partnerships or other entities, or any combination thereof;

   

  (mm) “Option Rights” has the meaning given in Section 30.A;

   

  (nn) “Premises” means that part of the Building identified in Section 1.D.;

   

  (oo) “Prohibited Person” has the meaning given in Section 29.R.;

   

  (pp) “Project” shall mean the mixed-use, mixed-ownership project bounded by North State Street, East Washington Street, North Wabash Avenue and East Randolph Street, Chicago, Illinois which is governed by the REA; 

   

  (qq) “Project Mechanical Areas” has the meaning given in Section 3.C.; 

   

  (rr) “Project Owners” means the owner or owners from time to time of all or any portion of the Project other than Landlord; 

   

  (ss) “Projected Turnover Date” is the date set forth in Section 1.J. as determined pursuant to Section 4.A.;

   

  (tt) “Property” has the meaning given in Section 3.A.;

   

  (uu) “REA” has the meaning given in Section 3.A.;

   

  (vv) “REIT” has the meaning given in Section 29.S.;

   

  (ww) “Rent” means all amounts payable by Tenant to Landlord under this Lease as set forth in Section 5.A.(iii);

   

  (xx) “Rentable Square Feet” has the meaning given to it in Section 5.A.(iv);

   

  (yy) “Rentable Square Feet of the Premises” has the meaning given to it in Section 1.E.;

   

  (zz) “Rentable Square Feet of the Building” has the meaning given to it in Section 1.F.;  

   

  (aaa) “Representatives” has the meaning given in Section 5.E.;

   

  (bbb) “Representing Party” has the meaning given in Section29.R.;

   

  (ccc) “RSF” has the meaning given in Section 3.C.;

  5

  

   

   

  (ddd) “Rules and Regulations” means the rules and regulations made by the Landlord from time to time pursuant to Section 9; the Rules and Regulations existing as at the date of this Lease are those annexed hereto as Exhibit D; 

   

  (eee) “Senior Manager” has the meaning given to it in this Section 1.1;

   

  (fff) “Service Provider” has the meaning given in Section 29.S.;

   

  (ggg) “Taxes”has the meaning given in Section 5.A.(v);

   

  (hhh) “Tenant”means the party named in Section 1.B. and its heirs, executors, administrators, successors and permitted assigns;

   

  (iii) “Tenant Affiliate” has the meaning given in Section 17.H.;

   

  (jjj) “Tenant Audit” has the meaning given in Section 5.E.;

   

  (kkk) “Tenant Parties” has the meaning given in Section 14.C.;

   

  (lll) “Tenant’s Proportionate Share” has the meaning given in Section 1.N.;

   

  (mmm) “Tenant’s Work” has the meaning given in Section 28.C.;

   

  (nnn) “Term”has the meaning given in Section 1.G.; 

   

  (ooo) “Turnover Date” has the meaning given in Section 28.C.; 

   

  (ppp) “Untenantable”shall have the meaning given in Section 15.D.; and

   

  (qqq) “Workletter”means the agreement between the Landlord and Tenant attached as Exhibit “C”.

   

  2. LEASE OF PREMISES. Landlord, in consideration of the rents and covenants hereinafter set forth, does hereby demise, let and lease to Tenant, and Tenant does hereby hire, take and lease from Landlord, on the terms and conditions hereinafter set forth, the Premises described in Section 3.C, to have and to hold the same, with all appurtenances, unto the Tenant for the Term herein specified.

   

  3. DESCRIPTION OF THE PROPERTY, PROJECT, BUILDING, PREMISES AND COMMON AREAS.

   

  A. The Property.  The term “Property” means that certain office building situated or to be situated within certain real estate identified as the “Developer Parcel” in the REA (as hereinafter defined) in the City of Chicago, Illinois, which Developer Parcel is legally described in the REA.  The Property is commonly known as “24 East Washington Street, Chicago, Illinois”. The Property is part of a mixed-use, mixed-ownership project bounded by North State Street, East Washington Street, North Wabash Avenue and East Randolph Street, Chicago, Illinois (the “Project”), which is governed, among other things, by, and is subject to, that certain Reciprocal Easement and Operating Agreement dated June 15, 2018 and recorded on June 18, 2018 in the Office of the Recorder of Deeds of Cook County, Illinois as Document No. 1816913081 (as amended from time to time, the “REA”). Except for construction of the Landlord Work  as provided herein, Landlord shall have no obligation to construct any other buildings or other improvements at the Property or the Project, and shall have the right to modify, alter and otherwise change the Property and/or the Project (including the design and/or construction plans therefor), other than the Premises, from time to time, in its sole discretion; provided, however, that no such modification shall materially and adversely impact Tenant’s use and occupancy of the Premises or use of the amenities described in Section 39 hereof or use of the Common Areas in accordance with the terms of this Lease.

   

  B. The Building.  The term “Building” means the office/retail building located or to be located at the Property, in which the Premises are or will be located.  Any reference in this Lease to the term Building shall include such office/retail building, the Property on which it is located and the Common Areas (as hereinafter defined) located at or upon the Property, unless the context requires otherwise.

   

  C. The Premises; Rentable Square Feet.  The term “Premises” means the office space located on the floor(s) of the Building set forth in Section 1.D., outlined on the floor plan(s) attached hereto as Exhibit B, subject to adjustment for expansion rights, if any, provided in this Lease.  The “Premises” hereunder, for all purposes, shall not include any areas consisting of shafts, risers, mechanical chases, mechanical rooms, riser closets or other similar areas housing Building Systems or other systems or facilities 

  6

  

   

  serving the Building and/or other portions of the Project, (herein, collectively, “Project Mechanical Areas”), whether or not such Project Mechanical Areas are located within the area delineated as the Premises in Exhibit B (and access to such Project Mechanical Areas described in this sentence, whether for maintenance, repairs, installations or other operational matters, shall remain under the sole control of Landlord and its designees, and if access to the Premises is required to access any such Project Mechanical Areas, such access shall be subject to the same terms and provisions as set forth in this Lease governing Landlord rights to access the Premises to maintain and repair Building Systems or other core and shell areas located therein).  The “Rentable Square Feet of the Premises” (sometimes referred to herein as “RSF”), for purposes of this Lease, shall mean that number of Rentable Square Feet in the Premises as shown in Section 1 hereof, subject to adjustment for any expansion rights provided in this Lease.  The “Rentable Square Feet of the Building”, for purposes of this Lease, shall mean that number of Rentable Square Feet in the Building (exclusive of any retail space components thereof) as shown in Section 1 hereof.  Without limiting any of the terms set forth in this Lease (including, without limitation, the stipulated Rentable Square Feet of the Premises and the stipulated Rentable Square Feet of the Building as set forth in Section 1 hereof), it is acknowledged, for information purposes, that the Building and the Premises are measured generally in accordance with Office Buildings: Standard Methods of Measurement, ANSI/BOMA Z65.1-2017 as promulgated by the Building Owners and Managers Association (BOMA) International (“BOMA”).    

   

  D. The Common Areas.  The term “Common Areas” means the areas, facilities, improvements, installations and equipment of the Property and/or the Project which are designated from time to time by Landlord for use in common by the tenants and other occupants of the Building, and their respective employees, agents, customers, invitees and others, and includes, by way of illustration and not limitation, entrances and exits, hallways and stairwells, elevators, rest rooms, and other areas as may be designated by Landlord from time to time as part of the Common Areas. Landlord and/or any owner from time to time of all or portions of the Project reserves the right to modify, alter and otherwise change the Common Areas from time to time (including, without limitation removal of portions thereof from the term “Common Areas” hereunder), in its sole discretion, subject to any limitations expressly set forth in this Lease, and so long as such actions do not remove Common Areas that are reasonably necessary for Tenant to access and/or use the Premises as set forth herein.  The terms of Section 3.E. below shall apply with respect to Common Areas at the Project.

   

  E. The Project.  The term “Project” shall mean the mixed-use, mixed-ownership project bounded by North State Street, East Washington Street, North Wabash Avenue and East Randolph Street, Chicago, Illinois which is governed by the REA. Landlord and/or any Project Owner from time to time of all or portions of the Project each reserves the right to modify, alter and otherwise change the Project from time to time (including, without limitation, removal of portions thereof from the term “Project” hereunder), in its sole discretion, subject to any limitations expressly set forth in this Lease.  Except as expressly set forth herein, including Section 38, nothing herein shall be deemed to be a warranty, representation or agreement on the part of Landlord that all or any part of the Project is, will be, or will continue to be, configured as currently existing as of the date of this Lease.  In addition to other rights provided to or reserved by Landlord under this Lease, Landlord and/or any Project Owner from time to time of all or portions of the Project each hereby reserves the right, at any time and from time to time, to (i) make alterations or additions to, build additional stories on, and demolish or otherwise change or create, all or any part of any buildings or other improvements in or about the Project, and build other buildings or improvements in or about the Project; (ii) convey portions of the Project to others or withdraw portions of the current Project from the “Project” as described in this Lease or in the REA.  Without limiting any other express terms of this Lease, Tenant consents to the performance of all work deemed appropriate by Landlord and/or any Project Owner to accomplish any of the foregoing, and any inconvenience caused thereby.  The design and performance of such work shall be in the sole discretion of Landlord or such Project Owner (but without limiting any other express terms of this Lease).  Except as may be expressly set forth herein, Landlord shall not be subject to any liability as a result of any change in the Project, nor shall the same entitle Tenant to any compensation or diminution of Rent, or entitle Tenant to terminate this Lease or constitute an actual or constructive eviction.

   

  4. TERM AND POSSESSION.

   

  A. Commencement and Expiration.  The term of this Lease (sometimes referred to herein as the Term) shall be the period of time specified in Section 1 hereof.  The Term shall commence on the Commencement Date as shown in Section 1 and shall expire without notice to Tenant on the Expiration Date as shown in Section 1, subject to any extension or termination options provided herein.  As set forth in Section 28.C. below, Landlord hereby confirms to Tenant that the Premises are in “Turnover Condition” (as described in and required by Section 28.C. hereof) as of the date of mutual execution and delivery of this Lease by Landlord and Tenant, and, accordingly, Landlord agrees to tender possession of the Premises to Tenant in the “Turnover Condition” required by Section 28.C. hereof, on or before the “Projected Turnover Date” described in Section 1 above.  For the purposes of this Lease, Landlord shall not be deemed to have given Tenant possession to the Premises unless and until Landlord provides Tenant with full and unencumbered access to the entire Premises, the Premises are in broom-clean condition, vacant and free of all tenancies or other occupants, and the Landlord Work (defined hereafter) within the Premises is in “Turnover Condition” as described in Section 28.C. below. 

   

  7

  

   

  B. Landlord Work; Turnover Condition. Landlord has heretofore performed or caused to be performed, or shall hereafter perform or cause to be performed, the Landlord Work (as defined in Section 28.A. hereof), all at Landlord’s cost and expense, not to be treated as Expenses (defined hereafter). Landlord shall perform such work in accordance with the terms of Section 28.  Upon the Turnover Date, at Landlord’s request, Landlord and Tenant shall enter into a written agreement containing Tenant’s acknowledgment that the “Turnover Condition” requirements set forth in said Section 28 have been met (provided that failure to enter into such written agreement shall not affect the terms of this Lease governing Turnover Condition hereunder).

   

  C. “As Is”. Except for Landlord’s obligation to perform the Landlord Work as set forth in Section 28, Tenant shall accept the Premises and Building “as is”, and Tenant acknowledges that Landlord has made no representations or warranties as to the condition of the Premises or the Building and that Landlord shall not be required to make any improvements to the Premises or the Building to ready the same for Tenant’s occupancy.  All improvement or alteration work to the Premises desired by Tenant to ready the same for Tenant’s initial occupancy thereof shall be performed in accordance with the terms and conditions of the Workletter and Section 28 of this Lease and, to the extent not otherwise addressed in the Workletter or Section 28 of this Lease, in accordance with the terms of Section 12 hereinbelow.  Notwithstanding anything to the contrary, Landlord agrees that the Building Systems serving the Premises will be in good and working condition as of the Commencement Date (failing of which shall give rise to Landlord’s maintenance and repair obligations otherwise provided in Section 11.B. below).  Notwithstanding anything contained herein to the contrary, Landlord shall deliver the Premises to Tenant with the Premises, including the Landlord Work then completed, being in compliance all applicable Laws (defined hereafter) as existing as of the turnover of the Premises to Tenant on the Turnover Date, and with all Building Systems serving the Premises being in good working order and condition as of the turnover of the Premises to Tenant on the Turnover Date (failing of which shall give rise, as the sole recourse therefor, to Landlord’s obligations under Section 11.B. below, provided further, that any costs and expenses incurred by Landlord to so bring the Premises, including the Landlord Work therein, into compliance with Laws as of the turnover of the Premises to Tenant on the Turnover Date, as required under this sentence, shall not be treated as an Expense for purposes of this Lease). 

   

  5. RENT.

   

  A. Definitions.  For purposes of this Lease, the following terms shall have the following meanings:

   

  (i) “Expenses” shall mean (subject to the terms of this Section 5.A.(i), including, without limitation, the exclusions from Expenses described below) all expenses, costs, rentals, outlays and disbursements (other than Taxes) paid or incurred by Landlord, or on Landlord’s behalf, in connection with the Property, and the ownership, management, maintenance, operation, replacement (which “replacements” shall be subject, in any event, to the terms of the last paragraph of this Section 5.A.(i) regarding certain restrictions on capital expenditures that may be included in Expenses hereunder) and/or repair of the Property (or the applicable portions thereof), including the Building and the Common Areas at the Property (including, without limitation, the costs of managing, insuring, maintaining, operating, replacing and/or repairing any conference center, fitness center, rooftop deck, tenant lounge, cafe or other common use facility at the Building, including all equipment rental or other costs associated therewith, but in any event after first applying (i.e., deducting) any user charges collected by Landlord from tenants at the Building for use of such amenity areas from the amount of overall Expenses for the Property which can be passed through to Tenant). Expenses shall include all costs and expenses (including payments on account of taxes and assessments) allocated to the Building or the Property under the REA or under any other declaration of covenants or other recorded instrument to which the Building or Property is from time to time subject, or otherwise constituting Project-related costs and expenses allocated by Landlord (including but not limited to in respect of Common Areas), in good faith, on an equitable basis, to the Building and/or Property.  Notwithstanding anything contained herein to the contrary, Expenses shall not include:

   

  (a) costs or other items included within the meaning of the term “Taxes” (as hereinafter defined) or any type of taxes and other matters specifically excluded from the definition of “Taxes” hereunder (except, however, to the extent any taxes are allocated to the Property as an expense item under the REA or are otherwise included in Expenses as part of any rental charges for common use amenity facilities at the Project);

   

  (b) costs of alterations and other leasehold improvements (including the supervision and administration of such construction) and relocations of the premises of tenants of the Building;

   

  (c) capital expenditures, other than those specifically included in Expenses as set forth below in the last paragraph of this Section 5.A.(i);

   

  (d) depreciation or amortization charges, other than those specifically included in Expenses as set forth below in the last paragraph of this Section 5.A.(i);

   

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  (e) penalties, interest and principal payments on loans of any type (including, without limitation, any debt that is secured by Mortgages) or any loan fees payable in connection therewith (provided that ordinary payments (not fines or penalties) of financing or rental charges for financing or leasing equipment or capital improvements of a nature that are otherwise permitted to be included in Expenses shall not be deemed to be excluded under this subsection (e));

   

  (f) ground rental payments;

   

  (g) legal and/or arbitration fees and/or court costs in connection with negotiating leases with other tenants in the Building or in connection with enforcing lease obligations of other tenants in the Building;

   

  (h) interest, fines and penalties for delinquent payments made by Landlord;

   

  (i) real estate brokerage and leasing commissions;

   

  (j) any expenditures for which Landlord has been directly reimbursed by tenants at the Building (other than pursuant to tax and operating expense reimbursement provisions in leases, such as Expenses and Taxes);

   

  (k) the costs of providing services (including utility services) to other tenants of the Building without a charge (i.e., excluding any services paid for by such tenants through payment of operating expenses and taxes, such as Expenses and Taxes) that are in excess of those services provided or made available to Tenant without a charge (i.e., excluding any services provided to Tenant and paid for through payment of Expenses and Taxes hereunder), to the extent of such excess;

   

  (l) expenses for repairs, maintenance or replacements for which Landlord is reimbursed from or pursuant to insurance or condemnation proceeds (or for which Landlord would have been entitled to reimbursement had it maintained the insurance required hereunder) other than amounts of deductibles under the Landlord’s insurance policies, which shall be included in Expenses as provided in the last paragraph of this Section 5.A.(i);

   

  (m) advertising expenses, leasing commissions and promotional expenses relating to leasing of space at the Building;

   

  (n) amounts paid to subsidiaries or affiliates of Landlord for services to the Building, to the extent only that the costs of such services exceed the competitive cost of such services were they not so rendered by a subsidiary or affiliate (provided that this exclusion shall in no way reduce or affect the management fee component of Expenses otherwise permitted hereunder);

   

  (o) rentals of Building systems, elevators or other equipment ordinarily considered to be of a capital nature, except to the extent such amounts would otherwise have been included as Expenses as provided below in the last paragraph of this Section 5.A.(i) had such systems, elevators or other equipment been purchased by Landlord; provided that rental costs for equipment at the fitness center or common conference center facility shall be permitted to be included as part of Expenses, so long as all amounts derived from usage charges (if any) for the fitness center or common conference center (as the case may be) are fully applied as a credit against Expenses otherwise attributable thereto;

   

  (p) damages awarded against Landlord or other costs incurred directly by reason of Landlord’s or any Landlord Parties’ breach of any agreement or lease or Landlord’s or Landlord Parties’ negligent or willful conduct, including all court costs and legal fees incurred in defending any such claims;

   

  (q) costs for repairs, maintenance, replacements or services for which Landlord is directly reimbursed from, or which are otherwise paid without cost to Landlord pursuant to, warranties, guaranties or any other source (other than payments by tenants of operating expenses and taxes, such as Expenses and Taxes);

   

  (r) management fees which are at any time in excess of three percent (3%) of gross revenues generated at the Building (as such gross revenues are adjusted and calculated assuming a stabilized fully occupied Building, with such adjustment being made based on the then weighted average rentals per rentable square foot at the Building, to the extent the Building is not fully leased with tenants paying rentals at any given time, all as otherwise permitted under Section 5.C.(iii) below);

   

  (s) costs of correcting design and construction defects in the initial construction of the Landlord Work identified within one (1) year after the date of Substantial Completion of the Landlord Work (or identified at any time thereafter, to the extent such costs are recovered by Landlord or paid for by third party contractors pursuant to any warranties covering such Landlord Work); 

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  (t) legal, appraisal and accounting fees and disbursements in connection with disputes with tenants or other occupants at the Building;

   

  (u) expenses that solely relate to leasing space in the Building, including, without limitation, the cost of tenant improvements (or allowances that Landlord provides to a tenant therefor), the cost of performing improvements to prepare a particular portion of the Building for occupancy by a tenant, the cost of rent concessions given to a tenant, advertising expenses solely related to leasing space at the Building, leasing commissions related to leasing space at the Building, and the cost of permits, licenses, inspections and lease buy-outs that Landlord incurs solely in connection with leasing space at the Building;

   

  (v) expenses that Landlord incurs solely related to selling, financing or refinancing the Project or any portions thereof;

   

  (w) the cost of electricity (lights and outlets) that is furnished to office space at the Building that Landlord has leased (it being understood that Expenses shall include, in any event, the cost of electricity that is required to operate the Common Areas);

   

  (x) salaries and the cost of benefits in either case for personnel above the grade of general manager (with on-site property management personnel, to the extent devoting all or substantially all of their work efforts to the Building, in no event being deemed to be excluded hereunder), to the extent, such personnel above the grade of general manager do not devote substantially all of their work efforts to the Building and do not have compensation equitably allocated to the Building;

   

  (y) costs of Landlord's general corporate overhead and general administrative expenses, including, without limitation, costs associated with the formation and/or operation of the business entity or entities that constitute Landlord or Landlord entity-level accounting charges or costs that Landlord incurs in organizing or maintaining in good standing the entity that constitutes Landlord, or in authorizing Landlord to do business in the jurisdiction where the Building is located (as the same are distinguished from the costs of managing, maintaining, repairing, operating and servicing the Building, and without limiting any charges otherwise expressly permitted under this Lease);

   

  (z) premiums or other costs of any insurance carried by Landlord as to the Project (or any portion thereof) and other unrelated property if and to the extent that such premiums and other costs are not equitably allocated as between the Project and all such other unrelated properties;

   

  (aa) fines or penalties that are assessed against Landlord by any governmental authority by virtue of violations at the Building of applicable Laws;

   

  (bb) fees, dues or contributions that Landlord pays to charities, political parties or political action committees;

   

  (cc) the cost of objects of fine art that Landlord installs in the Building, provided that nothing contained in this clause precludes Landlord from including in Expenses the reasonable cost of maintaining, insuring, and repairing objects of art that Landlord installs in the Common Areas of the Building;

   

  (dd) any costs that are duplicative of any other cost that is included in Expenses;

   

  (ee) costs incurred in removing, handling, and disposing of the property of former tenants or other occupants of the Building;

   

  (ff) any contributions to reserves of any kind (including reserves for Expenses); and

   

  (gg) capital costs incurred in connection with upgrading the Building in order to comply any disability, life, fire and safety codes, ordinances, statutes or other laws as in effect on the Commencement Date, including penalties or damages incurred due to such non-compliance.

   

  Notwithstanding anything contained in the above definition of Expenses to the contrary, the cost of any capital improvements, repairs, maintenance and/or replacements to the Property and/or the Building (including the Building Systems and/or machinery, equipment, facilities, furniture, furnishings, systems and property installed or used in the Building) following the Commencement Date which are intended in good faith to reduce Expenses or utility consumption (herein, an "Expense Reduction Capital Improvement"), or which are required under any governmental laws, regulations, ordinances which were not applicable to the Building as of the Commencement Date, 

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  or which are intended primarily (not incidentally) to enhance the safety of the Building or its occupants, shall be included in Expenses in the year of installation and subsequent calendar years as hereinafter provided.  In any calendar year, the portion includable in Expenses may be the annual amortization of such cost using as the amortization period the lesser of (i) ten (10) years or (ii) the useful life period as Landlord shall reasonably determine using sound accounting and management practices and in accordance with generally accepted accounting principles (except in the case of an Expense Reduction Capital Improvement, where the period under this subclause (ii) shall instead be the 'payback' period, being defined as the straight line amortization period to zero of the annual anticipated Expense savings to be achieved as a result of such Expense Reduction Capital Improvement), together with interest at the rate of nine percent (9%) per annum (or, if applicable, such other interest rate as may actually be charged to Landlord for acquisition financing or leasing of such capital improvement) on the unamortized cost of any such improvements.  In the case of loss or damage to the Building due to fire or other casualty, the costs of repairing, restoring or replacing any portion of the Building which constitute capital improvements shall not be included in Expenses, except to the extent of any insurance deductibles.  Notwithstanding the foregoing, the amortized amount in respect of any Expense Reduction Capital Improvement which may be included in Expenses in any calendar year shall not exceed the reduction in Expenses reasonably estimated by Landlord and/or its engineer(s) to be achieved for such calendar year as a result of such Expense Reduction Capital Improvement.

   

  (ii) “Lease Year” shall mean the following designated periods: if the Commencement Date is the first day of a calendar month, the period of twelve (12) consecutive months commencing on the Commencement Date; if the Commencement Date is not the first day of a calendar month, the period commencing with the Commencement Date and ending on the last day of the twelfth (12th) full calendar month of the Term; and, in either case, each consecutive twelve (12) month period (or portion thereof) falling within the Term.

   

  (iii) “Rent” shall mean Base Rent, Additional Rent and any other sums or charges payable by Tenant pursuant to this Lease.

   

  (iv) “Rentable Square Feet” (each a “Rentable Square Foot”), shall mean the rentable area, on a square footage basis, of the Premises (or designated portions thereof) or the Building (or designated portions thereof), as the case may be, measured in accordance with BOMA as described in Section 3.C. above.

   

  (v) “Taxes” shall mean all taxes, assessments and fees levied upon the Building and/or the Property, the property of Landlord located therein or the rents collected therefrom, by any governmental entity based upon the ownership, leasing, renting or operation of the Building, including out-of-pocket costs and expenses of protesting, contesting and/or appealing any such taxes, assessments or fees.  Taxes shall not include any net income, capital stock, succession, transfer, franchise, gift, estate, or inheritance taxes; provided, however, if at any time during the Term, a tax or excise on income or any other tax is levied or assessed by any governmental entity, which tax or excise is enacted in lieu of or as a substitute for, in whole or proportionately in part, real estate taxes or other ad valorem taxes, such tax (to the extent it is in lieu of or a substitute for real estate taxes) shall constitute and be included in Taxes.  For the purpose of determining Taxes for any given year, the amount to be included for such year shall be Taxes which are due for payment (i.e. on a “cash” basis) during such year rather than Taxes which are assessed or become a lien during such year (e.g. for illustration purposes only, during calendar year 2023, the general real estate component of Taxes to be included in “Taxes” for such calendar year under this Lease shall be general real estate taxes assessed against the Property and Building for calendar year 2022, which are payable in 2023). Notwithstanding anything to the contrary in this Lease, it is agreed that “Taxes”, for purposes of this Lease, shall be determined based on the amount in effect from time to time, after accounting for the benefit of the special real estate tax assessment classification currently known as the “Class ‘L’ property tax incentive (the “Landmark Tax Designation”) (which Taxes shall so account for the benefit of the Landlord Tax Designation during the entire stated term of such Landmark Tax Designation, including any extension thereof, if applicable, as contemplated in the last paragraph of Section 5.B.(i) below, and including, if applicable, any period that such Landmark Tax Designation is in place following the initial stated Term of this Lease).  Notwithstanding the foregoing, Landlord covenants that Tenant’s Proportionate Share of Taxes, if a similar tenant proportionate share methodology was utilized on a consistent basis throughout the Building, would not result in an amount in excess of 100% of the Building’s Taxes.  If the Landmark Tax Designation program is still available at the end of the current stated expiration date thereof, and if Landlord then qualifies therefor and obtains an extension or renewal of the Landmark Tax Designation for a term that extends beyond such current stated expiration date thereof, then Taxes hereunder shall continue to be determined after giving effect to such Landmark Tax Designation, as so extended or renewed; provided that if Landlord incurs any additional costs or expenses in obtaining such renewal or extension of the Landmark Tax Designation, such costs and expenses so incurred by Landlord may, in thereupon determining the amount of Taxes included in Tenant’s calculation of Additional Rent hereunder, be deducted from the overall amount of the beneficial reduction in Taxes otherwise so achieved by virtue of such renewal or extension of the Landmark Tax Designation.  Without limitation of the foregoing, Landlord shall, at no out of pocket cost or expense to Landlord, and with no obligation to incur any additional liability or obligations or burdens (either directly, or in any way pertaining to the Building or Project) as a result thereof, reasonably cooperate with Tenant in applying for and procuring state and local tax incentives available to 

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  Tenant, all to the extent requested by Tenant, and only to the extent the owner of the Building or Premises (e.g., as opposed to Tenant itself) is legally required to take such actions requested by Tenant.   

   

  (vi) “Tenant’s Proportionate Share” shall mean the percentage determined and subject to adjustment as provided in Section 5.D. below.

   

  (vii) Notwithstanding anything contained herein to the contrary, (A) Landlord shall have no right to additional sums from Tenant, and Tenant shall have no right to additional sums from Landlord (whether in the form of a refund or credit for overpayment or otherwise), relating to new and/or adjusted  Expenses more than twelve (12) months after the end of the calendar year to which such sums relate, and (B) Landlord shall have no right to additional sums from Tenant, and Tenant shall have no right to additional sums from Landlord (whether in the form of a refund or credit for overpayment or otherwise), relating to new and/or adjusted Taxes more than eighteen (18) months after the end of the calendar year to which such sums relate. 

   

  B. Components of Rent. Tenant agrees to pay the following amounts to Landlord at the office of the Building or at such other place as Landlord designates:

   

  (i) Base Rent (as provided in Section 1.K. above) shall be paid by Tenant in the amounts set forth in Section 1.K. above (subject to adjustment for any expansion options provided hereunder), in advance on or before the first day of each calendar month of the Term, without demand (prorated for any partial calendar month occurring during the Term). 

   

  Notwithstanding anything contained herein to the contrary, Base Rent for the initial Premises leased hereunder shall abate for each Rent Abatement Month (as defined in Section 1.L. above); provided that Tenant shall remain responsible for all other obligations of Tenant hereunder during each of the aforedescribed Rent Abatement Months (subject to the abatement of Additional Rent for the Rent Abatement Months as expressly provided for in Section 5.B.(ii) below), and provided further, that such abatement of Base Rent shall not apply for any Rent Abatement Month during which Tenant, at any time, is otherwise in Default (defined in Section 19.A.) under this Lease.  Notwithstanding anything herein to the contrary, Landlord and Tenant shall each have the right, at any time and from time to time, to elect, upon delivery of not less than thirty (30) days’ prior written notice to the other, to have Landlord make a cash payment to Tenant equal to the monthly Base Rent attributable to the initial Premises being leased hereunder for any one or more of the Rent Abatement Months which have not theretofore occurred, in which case Tenant shall no longer be entitled to the aforementioned abatement of Base Rent for the applicable Rent Abatement Month(s) for which Landlord has made such cash payment; provided that in no event shall either Landlord or Tenant have the right to exercise such cash conversion right described in this sentence at any time prior to the Commencement Date of this Lease.  

   

  Further, notwithstanding anything contained herein to the contrary, Base Rent for that portion of the initial Premises leased hereunder equal to 8,000 RSF shall abate for each Partial Rent Abatement Month (as defined in Section 1.M. above); provided that Tenant shall remain responsible for all other obligations of Tenant hereunder during each of the aforedescribed Partial Rent Abatement Months (including, without limitation, the remaining balance of Base Rent due and owing for each such Partial Rent Abatement Month, but subject to the partial abatement of Additional Rent for the Partial Rent Abatement Months as expressly provided for in Section 5.B.(ii) below), and provided further, that such abatement of Base Rent shall not apply for any Partial Rent Abatement Month during which Tenant, at any time, is otherwise in Default under this Lease. Notwithstanding anything herein to the contrary, Landlord and Tenant shall each have the right, at any time and from time to time, to elect, upon delivery of not less than thirty (30) days’ prior written notice to the other, to have Landlord make a cash payment to Tenant equal to the portion of monthly Base Rent attributable to the initial Premises being leased hereunder which would otherwise be subject to abatement for any one or more of the Partial Rent Abatement Months as provided in this paragraph and which have not theretofore occurred, in which case Tenant shall no longer be entitled to the aforementioned abatement of Base Rent for the applicable Partial Rent Abatement Month(s) for which Landlord has made such cash payment; provided that in no event shall either Landlord or Tenant have the right to exercise such cash conversion right described in this sentence at any time prior to the Commencement Date of this Lease.  

   

  (ii) Additional Rent (“Additional Rent”) shall mean Tenant’s Proportionate Share of (a) Expenses for each calendar year falling in whole or in part during the Term and (b) Taxes for each calendar year falling in whole or in part during the Term, and shall be payable by Tenant as hereinafter provided.  Prior to each calendar year, or as soon as reasonably possible, Landlord shall reasonably estimate and notify Tenant of the amount of Additional Rent due for such year, and Tenant shall thereafter pay Landlord one‐twelfth of such estimate on the first day of each calendar month during such year.  Such estimate may be revised by Landlord whenever it obtains information relevant to making such estimate more accurate; provided that such estimate shall not be revised more than twice following the initial estimate of Additional Rent for any given calendar year.  Within one hundred fifty (150) days following the end of each calendar year (or as soon thereafter as is reasonably practicable), Landlord shall deliver to Tenant a report (consistent in detail with reports being delivered to other office 

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  tenants, generally, at the Building) setting forth Landlord’s determination of Expenses and Taxes for such calendar year and a statement of the amount of Additional Rent that Tenant has paid and that is payable for such year.  Tenant acknowledges that Landlord’s determination of Expenses for a calendar year may not be determined until after actual Taxes for such calendar year are determined. Accordingly, Tenant acknowledges that Landlord may report Landlord’s determination of Expenses and Taxes for a calendar year separately.  Within thirty (30) days after receipt of such report or reports, whether or not exception is taken thereto, Tenant shall pay to Landlord the amount of Additional Rent due for such calendar year minus any payments of Additional Rent made by Tenant for such year, it being acknowledged by Tenant that in the event Landlord separately reports Landlord's determination of Expenses and Taxes for a calendar year, Landlord may reasonably allocate Additional Rent paid by Tenant for such calendar year between Expenses and Taxes for such calendar year.  If Tenant's estimated payments of Additional Rent exceed the amount due Landlord for such calendar year, Landlord shall apply such excess as a credit against Tenant's other rental obligations under this Lease or refund within a reasonable time thereafter such excess to Tenant if the Term has already expired (so long as the Tenant has provided a forwarding address prior to the expiration) or if Landlord otherwise elects to pay such excess to Tenant in cash (except that, in any such case, Landlord may first offset such excess against any claim for rental or other damages resulting from any monetary default or non-monetary Default of Tenant hereunder), in each case without interest to Tenant.

   

  Notwithstanding anything contained herein to the contrary, Additional Rent relative to the initial Premises leased hereunder shall abate for each of the Rent Abatement Months (as defined in Section 1.L. above); provided that Tenant shall remain responsible for all other obligations of Tenant hereunder during each of the aforedescribed Rent Abatement Months (subject to the abatement of Base Rent for the Rent Abatement Months as expressly provided for in Section 5.B.(i) above), and provided further, that such abatement of Additional Rent shall not apply for any Rent Abatement Month during which Tenant, at any time, is otherwise in Default under this Lease.  Notwithstanding anything herein to the contrary, Landlord and Tenant shall each have the right, at any time and from time to time, to elect, upon delivery of not less than thirty (30) days’ prior written notice to the other, to have Landlord make a cash payment to Tenant equal to the monthly Additional Rent attributable to the initial Premises being leased hereunder for any one or more Rent Abatement Month(s) which have not theretofore occurred, using the then monthly estimate of Additional Rent in effect at the time of such payment, in which case Tenant shall no longer be entitled to the aforementioned abatement of Additional Rent for the applicable Rent Abatement Month(s) for which Landlord has made such cash payment; provided further, that Tenant’s Additional Rent obligations under this Lease for the initial Premises relative to any such Rent Abatement Month(s) for which Landlord has made such cash payment shall be fixed at the monthly Additional Rent estimate amount used as the basis for such cash payment calculation, to ensure Tenant obtains the full benefit of any such abatement; and provided further, in no event shall either Landlord or Tenant have the right to exercise such cash conversion right described in this sentence at any time prior to the Commencement Date of this Lease.

   

  Further, notwithstanding anything contained herein to the contrary, Additional Rent relative to that portion of the initial Premises leased hereunder equal to 8,000 RSF shall abate for each of the Partial Rent Abatement Months (as defined in Section 1.M. above); provided that Tenant shall remain responsible for all other obligations of Tenant hereunder during each of the aforedescribed Partial Rent Abatement Months (including, without limitation, the remaining balance of Additional Rent due and owing for each such Partial Rent Abatement Month, but subject to the partial abatement of Base Rent for the Partial Rent Abatement Months as expressly provided for in Section 5.B.(i) above), and provided further, that such abatement of Additional Rent shall not apply for any Partial Rent Abatement Month during which Tenant, at any time, is otherwise in Default under this Lease.  Notwithstanding anything herein to the contrary, Landlord and Tenant shall each have the right, at any time and from time to time, to elect, upon delivery of not less than thirty (30) days’ prior written notice to the other, to have Landlord make a cash payment to Tenant equal to the portion of monthly Additional Rent attributable to the initial Premises being leased hereunder which would otherwise be subject to abatement for any one or more of the Partial Rent Abatement Months as provided in this paragraph and which have not theretofore occurred, using the then monthly estimate of Additional Rent in effect at the time of such payment, in which case Tenant shall no longer be entitled to the aforementioned abatement of Additional Rent for the applicable Partial Rent Abatement Month(s) for which Landlord has made such cash payment; provided further, that Tenant’s Additional Rent obligations under this Lease for that portion of the initial Premises leased hereunder equal to 8,000 RSF relative to any such Partial Rent Abatement Month(s) for which Landlord has made such cash payment shall be fixed at the monthly Additional Rent estimate amount used as the basis for such cash payment calculation, to ensure Tenant obtains the full benefit of any such abatement, and provided further, in no event shall either Landlord or Tenant have the right to exercise such cash conversion right described in this sentence at any time prior to the Commencement Date of this Lease.

   

  C. Payment of Rent.  The following provisions shall govern the payment of Rent:  (i) if this Lease commences or ends on a day other than the first day or last day of a calendar month, respectively, the Rent for the month in which this Lease so begins or ends shall be prorated accordingly, and if this Lease commences or ends on a day other than the first day or last day of a calendar year, respectively, the Additional Rent for the year in which the Lease so begins or ends shall be prorated accordingly based on the number of days in such calendar year falling within the Term (and the monthly installments shall be adjusted accordingly); (ii) all 

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  Rent shall be paid to Landlord without offset or deduction (except as may be expressly provided herein), and the covenant to pay Rent shall be independent of every other covenant in this Lease  (without limiting, however, any setoff and/or abatement rights otherwise expressly set forth herein), and Tenant agrees to pay Rent due and owing hereunder by the electronic transfer of funds from the Tenant's account to the Landlord's account; (iii) if during all or any portion of any calendar year the Building is not one hundred percent (100%) rented and occupied, Landlord may elect to make an appropriate adjustment of variable Expenses (i.e., those Expenses which vary with occupancy levels at the Building) for such year to determine the Expenses that would have been paid or incurred by Landlord had the Building been one hundred percent (100%) rented and occupied for the entire year, and the amount so determined shall be deemed to have been the Expenses for such year; (iv) any sum due from Tenant to Landlord which is not paid within five (5) business days after the same is due (provided, however, that Tenant shall be entitled to two (2) grace periods in each Lease Year relative to late payment whereby making payment within ten (10) business days after the same is due shall be deemed timely paid) shall bear interest from the date due until the date paid at the annual rate of three percentage (3%) points above the rate then most recently announced by JPMorgan Chase in Chicago, Illinois as its prime or corporate base lending rate (such prime or corporate base lending rate then most recently announced, herein, the “Prime Rate”), from time to time in effect, but in no event higher than the maximum rate permitted by law (the "Default Rate"); (v) in the event of the termination of this Lease prior to the determination of any Additional Rent, Tenant's agreement to pay any such sums and Landlord's obligation to refund any such sums shall survive the termination of this Lease (provided that if Tenant is then in default, Landlord may offset the amounts reasonably necessary to cure such default or to otherwise satisfy Landlord's damages on account thereof against Landlord's obligation to refund sums to Tenant for over‐payment of Additional Rent); (vi) each amount owed to Landlord under this Lease for which the date of payment is not expressly fixed under the express terms of this Lease, and which does not otherwise constitute a regularly scheduled monthly payment of Rent hereunder, shall be due and payable by Tenant within thirty (30) days after Landlord's delivery of a written notice or statement setting forth the amount which is so due; (vii) if Landlord fails to give Tenant an estimate of Additional Rent prior to the beginning of any calendar year, Tenant shall continue to pay Additional Rent at the rate for the previous calendar year until Landlord delivers such estimate, at which time Tenant shall pay retroactively the increased amount (or deduct from subsequent payments of Additional Rent any decreased amount) with respect to all previous months of such calendar year; and (viii) if Landlord receives a refund of Expenses or Taxes attributable to any calendar year for which Tenant has previously paid Tenant's Proportionate Share of such Expenses or Taxes, and no Default exists under this Lease, then Landlord, at its option, shall either (a) pay to Tenant, Tenant's Proportionate Share of the net amount of the Expense or Tax refund so received by Landlord (i.e., after Landlord's payment of any expenses and fees associated with obtaining such Expense or Tax refund), or (b) credit to Tenant, Tenant's Proportionate Share of the foregoing net Expense or Tax refund amount against Tenant's next Additional Rent payments otherwise due and owing under this Lease (provided that Landlord must elect option (a) above if the Term of this Lease has already expired, provided that in such case, any such payment shall only be required so long as Tenant has provided a forwarding address following the expiration of the Term).  

   

  D. Tenant’s Proportionate Share.  For purposes of this Lease, the term “Tenant’s Proportionate Share” shall mean a fraction, the numerator of which is the Rentable Square Feet of the Premises, and the denominator of which is the Rentable Square Feet of the Building.  If changes are made to the Premises based on expansions or contractions thereof otherwise contemplated by this Lease, changing the number of Rentable Square Feet contained in the Premises from that set forth in Section 1 hereof, Landlord shall make an appropriate adjustment to Tenant’s Proportionate Share (i.e., based upon the formula used in calculating Tenant’s Proportionate Share as described in the preceding sentence using BOMA).  Notwithstanding anything to the contrary, the Rentable Square Feet of the Building for purposes of this Lease (including, in particular, for purposes of calculating Tenant’s Proportionate Share) shall not at any time during the Term (as may be extended), change from the number of Rentable Square Feet of the Building set forth in Section 1 hereof.  

   

  E. Audit Rights. Landlord shall maintain books and records showing Expenses and Taxes in accordance with generally accepted accounting principles in the commercial real estate industry, consistently applied, as adjusted based on the specific terms of this Lease (as applicable), and as customarily adjusted for the operation of “Comparable Buildings” in the “Submarket” (as such terms are defined in Section 8.A. below).  Tenant shall have the right, at its expense (except as expressly set forth below), to examine or to have its "Representatives" (hereinafter defined) audit Landlord's accounting records relative to Expenses and Taxes for any calendar year falling in whole or in part during the Term, during normal business hours, at any time within one hundred twenty (120) days following the furnishing to Tenant of the annual statement(s) of such Expenses or Taxes (as the case may be) for the applicable calendar year.  Unless Tenant shall take written exception to any item of Taxes or Expenses, specifying in detail the reasons for such exception as to a particular item within one hundred twenty (120) days after Tenant's receipt of Landlord's annual statement covering Expenses or Taxes (as the case may be), Landlord's statement of Expenses or Taxes, as applicable, shall be considered as final and accepted by Tenant.  For purposes hereof, the term "Representatives" shall mean a nationally or regionally recognized independent certified public accounting firm licensed to do business in the State of Illinois.  If and to the extent that Tenant engages a Representative to audit Landlord's records pursuant to this Section 5.E., then, prior to such audit, Tenant shall cause such Representative to execute and deliver to Landlord a commercially reasonable form of confidentiality agreement relative to maintaining the confidentiality of all information obtained in the course of any such audit. Further, prior to Tenant examining Landlord's records or engaging any Representative to conduct any such audit, Tenant shall execute and deliver to Landlord a commercially reasonable form of confidentiality agreement relative to maintaining the confidentiality of all information obtained 

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  in the course of any such examination or audit.  Tenant shall not retain its Representatives on a contingent fee basis.  In the event any such audit conducted by Tenant's Representatives (herein, a "Tenant Audit") determines that either (1) Landlord's statement of Expenses overstated Tenant's Additional Rent attributable to such items from the actual amount so required hereunder for any calendar year by an amount in excess of five percent (5%), or (2) Landlord's statement of Taxes overstated Tenant's Additional Rent attributable to such items from the actual amount so required hereunder for any calendar year by an amount in excess of five percent (5%), then Landlord shall be responsible for the payment of reasonable out-of-pocket audit fees incurred by Tenant under this Section 5.E. relative to the audit of such Landlord's Expense statement or Landlord's Tax statement (as the case may be), which payment shall be due within thirty (30) days after Tenant's demand therefor.  In the event any such Tenant Audit does not result in such a determination that Landlord's Expense statement or Landlord's Tax statement, as the case may be, overstated Tenant's Additional Rent attributable to such items for such calendar year by more than five percent (5%), then Tenant shall be responsible for all such fees incurred by Tenant in connection with the Tenant Audit. Notwithstanding any exception made by Tenant, Tenant shall pay Landlord the full amount of its Additional Rent as determined by Landlord, subject to readjustment at such time as any such exception may be resolved (i.e., either by agreement of Landlord or by final determination of a court of competent jurisdiction in favor of Tenant).  In the event any such Tenant Audit determines that Landlord’s statement of Expenses or Taxes overstated Tenant’s Additional Rent attributable to such items from the actual amount so required hereunder for any calendar year by an amount in excess of five percent (5%), and if Landlord does not accept the results of such Tenant Audit and thereupon refund (or commence credit against Additional Rent thereafter due and owing hereunder), within thirty (30) days after Tenant delivery of such Tenant Audit to Landlord and Tenant’s demand for such refund or credit, the amount of such overpayment as determined by Tenant’s Audit, then, if it is finally determined, as provided in the preceding sentence, that Tenant was overbilled with respect to Expenses or Taxes by more than five percent (5%), Landlord shall promptly reimburse Tenant an amount equal to the amount that Tenant was so overbilled, and, in addition, Landlord shall pay Tenant interest at the Prime Rate (as defined in Section 5.C. above) on the amount so overbilled, accruing for the period commencing on the date when such final determination is made and ending on the date on which Tenant is fully reimbursed for Tenant's overpayment thereof. Landlord shall maintain its books and records showing Taxes and Expenses for a period of not less than two (2) years following the date Landlord delivers to Tenant its annual statement(s) of Taxes and Expenses for the applicable year.  The books and records shall be available for review by Tenant and/or Tenant's Representatives at all reasonable times within the foregoing 120-day period, upon Tenant's reasonable prior request therefor to Landlord.

   

  F. Controllable Expenses. Notwithstanding anything contained herein to the contrary, for purposes of computing Tenant's Proportionate Share of Expenses for any calendar year starting with calendar year 2023 and continuing through the Expiration Date, the "Controllable Expenses" (as hereinafter defined) for each such year shall not increase by more than four percent (4%) per calendar year on a cumulative compounding basis (i.e., with calendar year 2023 being the base year for determining Controllable Expenses at the Building, and with the so-called cap on Controllable Expenses, as provided in this Section 5.F., first applying to Controllable Expenses for calendar year 2024). To illustrate the foregoing, if Controllable Expenses are Two and no/100 dollars ($2.00) per Rentable Square Foot of the Building for calendar year 2023, then (i) Controllable Expenses for calendar year 2024 (being the first calendar year hereunder for which Controllable Expenses are to be capped) shall not exceed Two and 08/100 dollars ($2.08) per Rentable Square Foot of the Building for purposes of computing Tenant's Proportionate Share of Expenses for calendar year 2024, and (ii) Controllable Expenses for calendar year 2025 will not exceed Two and 16/100 ($2.16) per Rentable Square Foot of the Building for purposes of computing Tenant's Proportionate Share of Expenses for calendar year 2025, and (iii) Controllable Expenses for calendar year 2026 will not exceed Two and 25/100 dollars ($2.25) per Rentable Square Foot of the Building for purposes of computing Tenant's Proportionate Share of Expenses for calendar year 2026, and (iv) Controllable Expenses for calendar year 2027 will not exceed Two and 34/100 dollars ($2.34) per Rentable Square Foot of the Building for purposes of computing Tenant's Proportionate Share of Expenses for calendar year 2027.  For purposes hereof, the term "Controllable Expenses" shall mean all Expenses which vary from year to year but which amounts so incurred therefor are within the reasonable control of Landlord, and which term Controllable Expenses shall expressly exclude, for purposes of this Lease, costs and expenses incurred for or under (i) contracts negotiated pursuant to collective bargaining or other contracts with companies having union labor, (ii) insurance, (iii) utilities (e.g., water, gas, electricity, etc.), (iv) costs incurred due to changes in applicable laws following the Commencement Date, (v) security costs, (vi) management fees otherwise permitted as Expenses hereunder, and (vi) weather related items (e.g., snow and ice removal).  In no event shall this Section 5.F. limit, in any manner, the "Taxes" that may otherwise be included under this Lease in computing Tenant's Proportionate Share of Taxes hereunder.  

   

  6. USE. Tenant agrees that it shall occupy and use the Premises only as non‐governmental business offices and/or other ancillary office uses in a first class manner, as permitted by law and consistent with Comparable Buildings in the Submarket, and for no other purposes.  Tenant shall, at its own cost and expense, comply with all federal, state and municipal laws, ordinances, codes, rules, regulations and other governmental requirements (herein collectively, "Laws") issued by any governmental authority (subject, however, to the terms of Section 11.A. below regarding certain structural alterations or capital improvements, the making of which shall not be Tenant's responsibility under the terms of this Lease) and all applicable insurance underwriters regulations and requirements, the REA, and all other covenants, conditions and restrictions of record, all to the extent such Laws and such insurance regulations and requirements and such recorded instruments relate to the condition, use or occupancy of the Premises.  Tenant shall not make or permit any use of the Premises or the Building, or do or permit to be done anything in or upon the Premises or the Building, or bring or keep anything in the 

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  Premises or the Building, which is forbidden by any of the foregoing or which may be dangerous to persons or property, or which, to Tenant's knowledge, may invalidate or increase the rate of insurance on the Building, its appurtenances, contents or operations, or which would create or continue a nuisance or which is contrary to or prohibited by the terms and conditions of this Lease.  At no time shall Tenant permit occupancy levels within the Premises to exceed applicable occupancy standards set forth in Section 13-56., et al. of the Chicago Municipal Code or any other applicable requirements under applicable Laws; provided, however, that if occupancy levels in the Premises exceed one person to every (130) Rentable Square Feet on an open floor basis, then Tenant shall be responsible for all additional costs and expenses, if any, required to accommodate such excess density (including, without limitation, compliance with the terms set forth in Section 8.D. below (i.e., regarding supplementary air conditioning units and/or other required actions), as applicable).      

   

  7. CONDITION OF PREMISES. Tenant’s possession of the Premises for the conduct of business shall be conclusive evidence that the Premises were then in good order and satisfactory condition, subject to Landlord’s obligation to correct latent defects in the “core and shell” (as defined in Section 15.E. below) components of the base Building (including Building Systems) and/or the Landlord Work, in each case to the extent  within the Premises and identified by Tenant in writing to Landlord within one (1) year following the Turnover Date (which shall be promptly corrected upon written notice from Tenant).  No agreement of Landlord to alter, remodel, decorate, clean or improve the Premises or the Building (or to provide Tenant with any credit or allowance for the same), and no representation regarding the condition of the Premises or the Building, have been made by or on behalf of Landlord or relied upon by Tenant, except as expressly set forth herein.  Nothing in this Section 7 shall be deemed to waive or otherwise negate any of Landlord’s covenants expressly set forth in this Lease.

   

  8. BUILDING SERVICES.

   

  A. Basic Services. During the Term, Landlord shall furnish the following services: (i) heating, ventilating and air conditioning to provide a temperature condition required, consistent with comparable Class-A office buildings in the Central Loop submarket of downtown Chicago, Illinois (collectively with the Project, the "Submarket"), and with such comparable Class A office buildings in the Submarket, collectively, the “Comparable Buildings”), for comfortable occupancy of the Premises under normal business office operations, consistent with seasonal air comfort at other Comparable Buildings in the Submarket and as otherwise described in Exhibit E attached to this Lease, during the business hours established by the Landlord for the Building, which currently are daily, Monday through Friday, from 7:30 A.M. to 6:30 P.M. (Saturday from 7:30 A.M. to 1:00 P.M.) (and which daily hours, Monday through Friday, shall at no time be shortened by Landlord from the aforedescribed 7:30 A.M. to 6:30 P.M. hours) (collectively, “Building Service Hours”), Sundays and Holidays (as hereinafter defined) excepted; (ii) hot and cold water for use in lavatories in common with other tenants from the regular supply of the Building; (iii) janitor service in the Premises and Common Areas of the Building, as set forth in the Cleaning Specifications attached hereto as Exhibit H hereto (as such Cleaning Specifications may be modified from by Landlord time to time, so long as such modifications are consistently applied to base building cleaning services furnished to all tenants generally at the Building, and consistent with cleaning standards at other Comparable Buildings), weekends and Holidays excepted, including periodic outside window washing of the perimeter windows in the Premises as Landlord determines; (iv) passenger elevator service in common with Landlord and other tenants of the Building, 24 hours a day, 7 days a week; and (v) freight elevator service, upon request of Tenant and subject to scheduling and reasonable charges, if applicable (e.g., if after hours' usage is requested), consistent with charges for similar freight elevator service charged to other tenants, generally, at the Building.  

   

  B. Electricity.  The Premises shall be separately metered for electrical use, such meter to be installed by Landlord at Tenant’s expense. Tenant shall reasonably cooperate with Landlord in furnishing such information as Landlord and/or the electrical utility company may need in order to effectuate such separate metering.  Electricity shall be distributed to the Premises by the electric utility company serving the Building, and Landlord shall permit Tenant to use Landlord's wire and conduits for such distribution, to the extent such wire and conduits are available, suitable and safely capable to be so used.  Tenant at its cost shall make all necessary arrangements with the electric utility company for paying for electric current furnished to the Premises.  All electricity used during the performance of janitor service, or the making of any alterations or repairs in the Premises, or the operation of any special air conditioning systems serving the Premises shall be paid for by Tenant.  Tenant agrees to purchase from Landlord or its agents, if Landlord so requests, at prices fixed by Landlord for tenants of the Building, all base Building lamps, bulbs, ballasts and starters used in the Premises so long as the charges therefor are at reasonably competitive rates.  Landlord confirms, for information purposes, that the base Building electrical specifications at the Building are sufficient for electrical usage in the Premises of (5) watts per usable square foot demand load. 

   

  C. Telephones. Tenant shall arrange for telephone and other telecommunication connections and service directly with the carrier of Tenant’s choice, which carrier shall be subject to Landlord’s written consent not to be unreasonably withheld, conditioned, or delayed, and shall be solely responsible for paying for such telephone service.  If Landlord owns or acquires ownership of the telephone cables in the Building at any time, Landlord shall permit Tenant to connect to such cables on such terms and conditions as Landlord may reasonably prescribe so long as the total rates charged by Landlord for such connection shall not exceed the rates charged by local carriers for similar service.  Except to the extent expressly set forth in this Lease, (i) in no event does Landlord make any representation or warranty with respect to telephone service in the Building and (ii) Landlord shall have no liability 

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  with respect thereto. Further, any access by Tenant or its representatives to any of the telephone closets, risers or other telephone cables at the Building, shall be coordinated with Landlord and Landlord’s riser management service provider and shall be subject to Landlord’s reasonable regulations relating thereto (including Landlord’s right to charge certain access fees to Tenant’s telecommunications provider consistent with charges generally imposed by Landlord upon other tenants’ telecommunications providers at the Building).  To the extent Tenant requires access to the telephone closets, risers or other telephone cables at the Building, as contemplated by this Section 8.C., Tenant shall pay directly to Landlord’s riser management service provider any charge imposed by said service provider in furnishing coordination services to Tenant (which charge shall be consistent with amounts charged to other tenants, generally, at the Building for similar services).  Tenant shall be entitled to Tenant’s Proportionate Share of riser space available at the Building, at no additional charge to Tenant (other than costs incurred by Tenant directly to Landlord’s riser management service provider, as described above, or out-of-pocket costs (without markup), incurred by Landlord for general riser management services if and to the extent the same are included as part of “Expenses” hereunder). 

   

  D. Additional Service; Supplemental Air Conditioning Units. Landlord shall not be obligated to furnish any services other than those stated in this Lease.  If Tenant requests Landlord to provide, and Landlord elects to furnish, services requested by Tenant in addition to those stated in this Lease, Tenant shall pay Landlord as a charge therefor, Landlord’s rates then established at the Building for the furnishing of such services.  If Tenant shall fail to make any such payment within thirty (30) of receiving a statement for such charges from the Landlord, Landlord may, after ten (10) business days’ written notice to Tenant and Tenant’s failure to make such payment within said ten (10) business‐day period, and in addition to all other remedies available to Landlord, discontinue any additional services.  No discontinuance of any such additional service shall result in any liability of Landlord to Tenant or be considered as an eviction or a disturbance of Tenant’s use of the Premises.  Notwithstanding the foregoing, if Tenant desires ventilation, air conditioning or heat during times or on days for which Landlord is not required to provide such service pursuant to Section 8.A. above, Landlord shall provide such service to Tenant provided that (a) Tenant notifies Landlord before 5:00 P.M. on any business day on which Tenant desires ventilation, air conditioning or heat after hours on such business day, or before 5:00 P.M. on the business day immediately preceding any Holiday or weekend day for which Tenant desires such service, and (b) Tenant shall pay Landlord, Landlord’s then current after‐hours HVAC charges in connection with such after‐hours service.  For information purposes only, the current after- hours HVAC charges as of the date hereof are $150.00 per hour per floor or partial floor included as part of the Premises.  In addition, if Landlord reasonably determines that Tenant’s concentration of personnel or equipment at the Premises is not consistent with ordinary and customary office usage and materially and adversely affects the temperature or humidity in the Premises or the Building, then if Tenant fails to correct such condition, at Tenant’s expense, within thirty (30) days after notice thereof from Landlord (or such lesser period as may be designated by Landlord, in the case of an Emergency Situation (as hereinafter defined)), Landlord may thereafter install (or require Tenant to install) supplementary air conditioning units in the Premises, and Tenant shall pay all of the costs of installation, operation and maintenance thereof. For purposes of this Lease, the term “Emergency Situation” shall mean any situation where the applicable person, in its good faith judgment, concludes that a particular action (including, without limitation, the expenditure of funds) is immediately necessary (x) to avoid imminent material damage to all or any material portion of the Building or Premises, (y) to protect any person from imminent harm, and/or (z) to avoid the imminent unforeseen and unforeseeable suspension of any necessary material service in or to the Building or the Premises, the failure of which service would have a material and adverse effect on the Building or the Premises.  

   

  Without limitation of the foregoing, if so requested by Tenant, subject to availability, Landlord shall provide chilled water from the base Building system for Tenant’s supplemental cooling needs on a 24 hours per day/7 days per week basis.  Tenant shall be charged for such chilled water at rates established by Landlord from time to time for the Building, based on actual usage of such chilled water as measured by chilled water meters (such meters to be installed by Landlord, at Landlord’s sole cost).  Notwithstanding the above, in no event shall Tenant pay a higher rate for chilled water than any other tenant in the Building.

   

  For information purposes only, and without in any way limiting the terms of the preceding paragraph or any other terms set forth in this Lease, it is acknowledged that, currently, CenTrio Energy Chicago LLC provides chilled water to the Building, for which there is a capacity fee and consumption fee for supplemental air conditioning. The current capacity fee is $224.76 per ton per year and the consumption charge of $0.18 per ton-hour plus an administration fee and taxes.  All such rates and charges for chilled water will be governed by the preceding paragraph, and shall be subject, in any event, to market adjustments. 

   

  E. Failure or Delay in Furnishing Services. Tenant agrees that Landlord and the Landlord Parties shall not be liable for damages for failure or delay in furnishing any service stated above if such failure or delay is caused, in whole or in part, by any one or more of the events stated in Section 29.K. below, nor shall any such failure or delay be considered to be an eviction or disturbance of Tenant’s use of the Premises, or relieve Tenant from its obligation to pay any Rent when due or from any other obligations of Tenant under this Lease. Notwithstanding the foregoing, if any of the services described in Sections 8.A.(i), (ii) (limited to cold water supplied to washrooms at the Premises) or (iv) above, are interrupted for any reason within Landlord’s reasonable control, resulting in a material impairment to Tenant’s ability to conduct Tenant’s customary business operations at the Premises, and Tenant actually ceases to conduct any of its customary operations from the Premises as a result thereof for a period of four (4) consecutive business days, then, as Tenant's sole recourse therefor, Base Rent and Additional Rent shall abate as of the fifth (5th) 

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  consecutive business day of the interruption and thereafter until such time as service is restored such that the material impairment is cured or until Tenant again occupies any portion of the Premises for the conduct of any of such previously discontinued customary business operations therefrom (whichever first occurs). Landlord shall use commercially reasonable efforts to minimize any failure, delay, interruption or diminution in furnishing any service described hereinabove.  Notwithstanding the foregoing, if Tenant's right to abatement occurs because of damage or destruction by fire or other casualty or taking by eminent domain, Tenant's abatement period and other rights and obligations shall be governed solely by Sections 15 and 16 below.

   

  F. Holidays.  For purposes of this Section 8, “Holidays” means New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day and any other public holiday designated by Landlord from time to time as a Holiday for all office tenants at the Building and consistent with holidays recognized at various other Comparable Buildings.

   

  G. Tenant Cleaning.  Notwithstanding anything to the contrary contained in this Lease, Tenant shall have the right (but not the obligation), by written notice to Landlord at any time, to elect to itself cause the entire Premises to be cleaned (rather than receiving cleaning/janitorial services from Landlord) commencing on such date as designated in tenant’s written notice thereof to Landlord, which date shall be no sooner than the first day of the calendar month immediately following the ninetieth (90th) day after the giving of such written notice thereof to Landlord (the “Tenant Cleaning Commencement Date”).  If Tenant gives any such notice, then (a) commencing upon the Tenant Cleaning Commencement Date, Tenant, using a cleaning contractor of its choice (who shall have been approved prior thereto by Landlord, which approval shall not be unreasonably withheld, conditioned, or delayed so long as such selection is not likely to cause, in Landlord’s good faith opinion, labor disharmony at the Building) shall clean (and Landlord shall not clean) the Premises and provide trash removal services thereto (“Tenant Cleaning”), and (b) there shall be deducted from Expenses payable by Tenant an amount equal to the vacancy credit received by Landlord under its contract with its cleaning service provider for the Building by reason of the fact that Tenant (rather than Landlord) is providing cleaning and trash removal services with respect to the Premises. Tenant shall also have the right from time to time to revoke, and/or reinstitute Tenant Cleaning by giving notice thereof to Landlord as provided above in this Section 8.G.; provided, however, that:  (x) Tenant may only give one (1) such notice revoking and/or reinstating Tenant Cleaning in any calendar year, and (y) Tenant shall not have the right to elect to clean less than the entire Premises.  Tenant’s rights under this Section 8.G. are personal to the original named Tenant in this Lease and any permitted Tenant Affiliate assignee of Tenant’s entire interest under this Lease pursuant to Section 17 hereof, and shall not be exercised by any other party.  For the avoidance of doubt, it is understood and agreed that Expenses shall at all times include all cleaning/janitorial costs and expenses incurred by Landlord relative to Common Areas and/or common amenity areas at the Building, irrespective of whether Tenant has exercised its right to perform Tenant Cleaning hereunder.  

   

  9. RULES AND REGULATIONS. Tenant shall observe and comply in all material respects, and shall cause its subtenants, assignees, invitees, employees, contractors and agents to observe and comply in all material respects, with the Rules and Regulations listed on Exhibit D attached hereto, with such commercially reasonable modifications and additions thereto as Landlord may make from time to time (the “Additional Rules and Regulations”) (provided that Tenant shall be entitled to not less than ten (10) business days’ prior written notice of any such Additional Rules and Regulations before Tenant shall be required to so comply therewith).  Landlord shall not be liable for failure of any person to obey the Rules and Regulations or Additional Rules and Regulations; provided, however, (i) Landlord shall use reasonable efforts to enforce such Rules and Regulations or Additional Rules and Regulations, if failure to do so would result in any material breach by Landlord of any of its covenants set forth herein, including any material breach of Landlord’s covenants in Section 25 hereof, and (ii) Landlord shall not discriminate against Tenant in the enforcement of such Rules and Regulations or Additional Rules and Regulations which are generally applicable to all tenants at the Building.  The failure of Landlord to enforce any such Rules and Regulations or Additional Rules and Regulations shall not constitute a waiver thereof or relieve Tenant from compliance therewith, provided, however, that Landlord shall not discriminate against Tenant in the enforcement of such Rules and Regulations or Additional Rules and Regulations which are generally applicable to all tenants at the Building.

   

  10. CERTAIN RIGHTS RESERVED TO LANDLORD. Landlord reserves the following rights, each of which Landlord may exercise without notice to Tenant (except as expressly indicated below) and without liability to Tenant, and the exercise of any such rights shall not be deemed to constitute an eviction or disturbance of Tenant’s use or possession of the Premises and shall not give rise to any claim for set‐off or abatement of Rent or any other claim:  (a) to change the name or, upon sixty (60) days’ prior notice (unless mandated by the post office or other governmental or quasi-governmental body to do so sooner), to change the street address of the Building; (b) subject to Tenant’s signage rights expressly provided in this Lease and the terms of Section 36 hereof, to install, affix and maintain any and all signs on the exterior or interior of the Building or elsewhere at the Property; (c) to make repairs, decorations, alterations, additions or improvements (collectively, “Improvements”), whether structural or otherwise, in and about the Property, the Project, the Building or the Common Areas, including with respect to Building Systems, Project Mechanical Areas and/or other core and shell items (provided such Improvements do not materially restrict Tenant’s ability to access the Premises or the Building amenities described in Section 39 hereof or the ability of Tenant to use and occupy the Premises as permitted hereunder), and for such purposes to reasonably enter upon the Premises, temporarily close Common Area doors, corridors and other areas of the Building and interrupt or temporarily suspend services or use of Common Areas (provided that, in the absence of an Emergency Situation (as defined in Section 8.D. above), in which case prior notice shall not be required, but notice of such entry shall promptly thereafter be made when reasonable to do so, Landlord 

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  shall (1) give reasonable notice to Tenant, commensurate with the circumstances, prior to entry upon the Premises under this Section 10(c), and (2) use all reasonable efforts to minimize any interference with Tenant’s use of and business operations at the Premises during the course of any actions taken within the Premises under this Section 10(c), provided further, however, that Landlord in no event shall be required to conduct any such work at hours other than Building business hours unless such work would materially interfere with Tenant’s conduct of business at the Premises and is not of a nature that needs to be done on an emergency basis, in which event Landlord shall perform such work after Building business hours, at no additional cost to Tenant on account thereof, other than as part of “Expenses” as and to the extent otherwise permitted hereunder); (d) to retain at all times, and to use in appropriate instances, keys to all doors within and into the Premises; (e) to grant to any person or to reserve unto itself the exclusive right to conduct any business or render any service in the Building, so long as the granting of such exclusive rights does not restrict or interfere with Tenant’s use of, and business operations at, the Premises in accordance with the terms of this Lease including the then-business(es) being conducted in the Premises in accordance with the terms of this Lease; (f) to show or inspect the Premises at reasonable times upon reasonable prior written (which may be by email) notice (provided that Landlord shall only have the right to permit prospective tenants to enter the Premises to view the Premises during the last twelve (12) months of the Term (such right shall include permitting the measurement of the Premises and portions thereof and space planning of the Premises)) and, if Tenant’s right to possession of the Premises has been terminated in accordance with the terms of this Lease, to prepare the Premises for reoccupancy; (g) to, upon reasonable prior written notice to Tenant, install, use and maintain in and through walls, below the floor and above the suspended ceiling in the Premises pipes, conduits, wires and ducts serving the Building, provided that in performing any such work, Landlord shall use commercially reasonable efforts to minimize disruption of Tenant’s business activities at the Premises and shall restore, within a reasonable time frame, any damage to the Premises caused by any such work, to the extent such damage was not caused by Tenant’s negligence or willful misconduct or Tenant’s breach of its obligations hereunder (but subject, in any event, to the terms of Section 14 and 15 hereof); (h) to take any other action which Landlord reasonably deems necessary or which Landlord, in good faith, deems desirable in connection with the operation, maintenance, marketing or preservation of the Building or the Property so long as same does not materially interfere with Tenant’s use of or materially restrict Tenant’s access to the Premises; and (i) to reasonably approve the weight, size and location of safes or other heavy equipment or articles, which articles may be moved in, about or out of the Building or Premises only at such times and in such manner as Landlord shall reasonably direct in writing, at Tenant’s sole risk and responsibility.  

   

  11. MAINTENANCE AND REPAIRS.

   

  A. Tenant’s Obligations. Subject to the terms of Section 15 below, and except for normal wear and tear, Tenant, at its expense, shall maintain and keep the Premises, including all tenant improvements therein, in good order and repair consistent with the first class nature of the Building, and in accordance with all applicable Laws (as defined in Section 6 above), at all times during the Term; provided, however, that, subject to the provisions of Section 22 below, Tenant shall not be obligated to make any structural alterations or capital improvements to the Premises required by any Laws to the extent similar alterations and improvements will be required to be made to the Building as a whole (i.e., as distinguished from alterations or improvements made necessary by Tenant’s particular use of the Premises, and not merely as a result of:  Tenant’s “general office” usage or occupancy; or required to be made to, or made necessary by, any work, including, without limitation, the Tenant’s Work or any subsequent “alterations” hereunder, done in the Premises by or on behalf of Tenant), and provided further, that Tenant shall not be obligated to maintain or repair any of the items which Landlord is obligated to maintain and to repair pursuant to Section 11.B. below (subject to Tenant’s indemnity obligations under this Lease).  Subject to the terms of Section 15 below, and subject to the terms of Sections 13.C. and 13.D. below, Tenant shall promptly and adequately repair all damages to the Premises and replace or repair all damaged or broken glass in the interior of the Premises, fixtures or appurtenances (but excluding any exterior window glass).  Any repairs or maintenance shall be completed with materials of similar (or better) quality to the original materials.  All such work (a) affecting structural or other “core and shell” (as defined in Section 15.E. below) components of the Building, (b) affecting the main Building Systems or Common Areas (as distinguished from the distribution channels within the Premises), or (c) otherwise requiring a permit by law, shall, in each instance, be completed under the supervision of Landlord at no cost to Tenant, if Landlord so elects, and shall otherwise be performed in accordance with the same terms and requirements as set forth in Section 12 below.    

   

  B. Landlord’s Obligations. Subject to the provisions of Section 15 hereinbelow, Landlord shall keep in good order, repair and condition and shall maintain and make necessary repairs to, and/or replacements of, the core and shell (as defined in Section 15.E. below), including the structural elements of the Building, the Building Systems and the public corridors, public washrooms, lobby and other Common Areas of the Building, all in accordance with applicable Laws and of a quality similar to Comparable Buildings, except that:  (a) Landlord shall not be responsible for (and instead Tenant shall be responsible for) the maintenance or repair of any Tenant's Work or other alterations in or at the Premises (including, without limitation, any systems which are located within or otherwise exclusively serve the Premises and are supplemental or special to the Building Systems); and (b) the cost of performing any of said maintenance or repairs whether to the Premises or to the Building caused by the negligence of Tenant, its employees, agents, licensees, subtenants, contractors or invitees, shall be paid by Tenant, except to the extent of insurance proceeds, if any, actually collected by Landlord (or which would have been collected had Landlord maintained the property insurance required to be maintained by Landlord hereunder) with regard to the damage necessitating such repairs.  In addition, notwithstanding anything to the contrary set forth herein, but subject to Sections 13.C. and 13.D. below, Landlord shall be responsible for repair or replacement of damage to the Premises caused by the negligence or willful misconduct of Landlord, 

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  and/or any Landlord Parties, which repair or replacement shall be performed within a reasonable time frame after the causing of such damage.  

   

  12. ALTERATIONS.

   

  A. Requirements. Except as provided in Section 12.D. below, Tenant shall not make any replacement, alteration, improvement or addition to the Premises (collectively an "alteration") without the prior written consent of Landlord (not to be unreasonably withheld, conditioned or delayed, as hereinafter provided).  Subject to the terms of Section 12.D. below, in the event Tenant proposes to make any alteration requiring Landlord's consent, Tenant shall, prior to commencing such alteration, submit to Landlord for prior written approval: (i) detailed plans and specifications; (ii) the names, addresses for all contractors; (iii) all necessary permits evidencing compliance with all applicable governmental rules, regulations and requirements; (iv) certificates of insurance in form and amounts reasonably required by Landlord, naming Landlord, its managing agent and any other parties designated by Landlord as additional insureds; (v) a budget of the total anticipated costs for such work; and (vi) all other documents and information as Landlord may reasonably request in connection with such alteration.  In the event Tenant requests Landlord to perform any construction management or supervisory services relative to any alterations, and if Landlord agrees to perform such services, then Tenant agrees to pay Landlord, as Landlord's charges for all such services, a fee as may be mutually agreed upon by the parties; otherwise Tenant shall not owe Landlord any fee or other charge for Landlord's review of plans and specifications or Landlord's general coordination of the alterations, provided that Tenant shall pay Landlord all out-of-pocket costs and expenses (if any) incurred by Landlord in connection with any third-party architectural and engineering review of the plans and specifications for such alterations payable by Landlord to such third parties so engaged by Landlord to perform the review (and without mark-up charged by Landlord). Neither approval of the plans and specifications nor supervision of the alteration by Landlord shall constitute a representation or warranty by Landlord as to the accuracy, adequacy, sufficiency or propriety of such plans and specifications or the quality of workmanship or the compliance of such alteration with applicable law.  Tenant shall pay the entire cost of the alteration. Each alteration shall be performed in a good and workmanlike manner, in accordance with the plans and specifications approved by Landlord.  In addition, each alteration shall be performed in compliance with all applicable governmental laws, codes, regulations and requirements, and in compliance with Landlord's insurance company requirements (but only to the extent Tenant has prior notice of such insurance requirements and only to the extent such insurance requirements are consistent with insurance requirements imposed generally at other Comparable Buildings), and in compliance with Landlord’s construction-related rules and regulations for the Building from time to time, a copy of the current drafts of which are available for Tenant's review (it being understood that Landlord may hereafter revise and/or update said construction-related rules and regulations from time to time [the foregoing documents, as so revised and/or updated from time to time, being collectively referred to as the "Revised Construction Manual"] and Tenant shall comply with each such Revised Construction Manual so long as any changes from the draft thereof existing as of the date hereof are reasonable and uniformly imposed, in general, upon other tenants performing construction work at the Building, and are not in conflict with the terms of this Lease).  Each alteration shall be performed by agents or contractors hired by Tenant who are reasonably acceptable to Landlord, and shall be performed in harmony with Landlord's employees, contractors and other tenants and their contractors and, at Landlord's option, Landlord shall have the right, at its sole cost and expense (not to be treated as Expenses), to monitor the progress of all such alterations.  Each alteration, whether temporary or permanent in character, made by Landlord or Tenant in or upon the Premises (excepting only Tenant's furniture, non-affixed equipment and non-affixed trade fixtures) shall become Landlord's property and shall remain upon the Premises at the expiration or termination of this Lease without compensation to Tenant; provided, however, that Landlord shall have the right to require Tenant to remove such alteration at Tenant's sole cost and expense, if and to the extent provided in Section 18 below.  

   

  B. Liens. Upon completion of any alteration, Tenant shall promptly furnish Landlord with sworn owner’s and contractors’ statements and full and final waivers of lien covering all labor and materials included in such alteration.  Tenant shall not permit any mechanic’s lien to be filed against the Building, the Project, or any part of the Building or the Project, arising out of any alteration performed, or alleged to have been performed, by or on behalf of Tenant.  If any such lien is filed, Tenant shall within ten (10) business days after receipt of notice of the filing of such lien, have such lien released of record or deliver to Landlord a bond in form, amount, and issued by a surety or title company reasonably satisfactory to Landlord, indemnifying Landlord (and, if applicable, its Mortgagee) against all costs and liabilities resulting from such lien and the foreclosure or attempted foreclosure thereof.  If Tenant fails to have such lien so released or to deliver such bond to Landlord within such 10-business day period, then Landlord, without investigating the validity of such lien, may (without limiting any other rights or remedies available to Landlord) pay or discharge the same, and Tenant shall reimburse Landlord upon demand for the amount so paid by Landlord, including Landlord’s out-of-pocket expenses and reasonable attorneys’ fees.  If Tenant delivers such bond to Landlord with respect to any such lien, Tenant shall thereafter have the right and duty to diligently contest such lien; provided that Tenant shall, in any event, have any such lien released of record prior to final enforcement thereof.

   

  C. Reasonable Consent. Landlord agrees not to unreasonably withhold, condition or delay its consent to any alterations; provided, however, that Landlord shall not be deemed to have acted unreasonably if it withholds its consent because, in Landlord’s reasonable opinion, such work: would adversely affect, other than to a de minimis extent, the Building Systems or Common Areas, 

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  the structure of the Building or the safety of its occupants, including, without limitation, exterior walls, windows, roof or other “core and shell” (as defined in Section 15.E. below) components of the Building; would increase Landlord’s cost of repairs, insurance or furnishing services (other than di minimis increases in such costs for which Tenant agrees to pay) or otherwise adversely affect Landlord’s ability to efficiently operate the Building or furnish services to Tenant or other tenants; involves toxic or hazardous materials in any unlawful manner; or requires entry into another tenant’s premises or use of public areas (other than use of public areas for movement of materials to the Premises); or would involve the use of paint or other materials which is reasonably likely to result in material odors penetrating other tenant premises or Common Areas at the Building.  The foregoing reasons, however, shall not be exclusive of the reasons for which Landlord may reasonably withhold consent, whether or not such other reasons are similar or dissimilar to the foregoing.  Landlord shall give its approval or disapproval (giving reasonably detailed reasons in writing in case of disapproval) of the plans and specifications or other submissions for any Tenant alterations (other than those constituting Tenant's Work, which shall instead be governed by the Workletter) within ten (10) business days after their delivery to Landlord with Tenant's express written request for Landlord's approval thereof (and, as to any subsequent revised plans and specifications or other submissions submitted by Tenant to Landlord, within five (5) business days after their delivery to Landlord with Tenant's express request for Landlord's approval thereof). In the event Landlord fails to give its approval or disapproval of such plans and specifications or other submissions within said 10-business day (or 5-business day, as applicable) period, then Tenant shall have the right to give Landlord a second written notice requesting Landlord's approval, which notice shall (in addition to again requesting such approval and containing the items for which approval is being requested) contain a sentence, in bold capitalized letters, stating "LANDLORD'S FAILURE TO RESPOND TO THIS NOTICE WITHIN FIVE (5) BUSINESS DAYS AFTER LANDLORD'S RECEIPT HEREOF SHALL CONSTITUTE LANDLORD'S APPROVAL OF THE ENCLOSED PLANS AND SPECIFICATIONS OR OTHER SUBMISSIONS FOR WHICH TENANT IS REQUESTING SUCH APPROVAL UNDER THIS NOTICE", and, in the event that Landlord fails to respond to such second notice within five (5) business days after Landlord's receipt thereof, then, Landlord shall be deemed to have approved such plans and specifications or other submissions for such Tenant alterations so submitted for Landlord's approval.  

   

  D. Interior Decorating Alterations. Notwithstanding the foregoing provisions of this Section 12, Tenant may perform certain interior alterations to the Premises such as carpeting, painting (so long as the odors from the same do not materially or unreasonably interfere with any other tenant’s operations), wall coverings, installing non-affixed furniture systems, installing non-load bearing demising walls, or other similar interior decorating improvements, without obtaining Landlord’s consent therefor (but subject to the remaining requirements of this Section 12), but only if (i) such items do not affect the Building structure or Building Systems, the public areas of the Building or any other tenant space and do not require the issuance of any building permits therefor, (ii) such items are not readily visible from any areas that are external to the Premises, including, without limitation, the Common Areas, (iii) such items cost not more than $10.00 per RSF of the Premises, and (iv) Tenant gives prior written notice to Landlord of such items, including a description of the contemplated work and the types of materials being used. Approval of plans and specifications shall not be required for the foregoing interior decorating items.

   

  13. INSURANCE.  In consideration of the leasing of the Premises at the rent stated herein, Landlord and Tenant agree to provide insurance and allocate the risks of loss as follows:  

   

  A. Tenant’s Insurance. Tenant, at its expense, shall maintain at all times during the Term commercial general liability insurance, including a contractual liability endorsement and personal injury liability coverage, in respect of the Premises and the conduct or operation of business therein, with Landlord (when used in this Section 13.A. the term "Landlord" shall include Landlord, its constituent partners and the partners, members, directors, managers, shareholders, officers, agents and employees of each of them), Landlord's property manager, and any Ground Lessor or Mortgagee whose name and address shall previously have been furnished to Tenant, as additional insureds, with limits of not less than $5,000,000.00 per occurrence for bodily injury and property damage.  Tenant shall also maintain (i) "all risk" or Special Form property insurance (including coverage for terrorism under the Terrorism Risk Insurance Act ("TRIA"), and if terrorism coverage under TRIA is no longer available, then including terrorism coverage, but only if then available at commercially reasonable prices or if otherwise then customary for terrorism coverage to be maintained by office tenants at Comparable Buildings) covering all present and future leasehold improvements (including, without limitation, any Tenant's Work or other alterations) and Tenant's personal property to a limit of not less than the full replacement value thereof, (ii) business interruption insurance in an amount that will reimburse Tenant for extra expense attributable to all perils insured against in this Section 13.A. or other perils commonly insured against by prudent tenants or attributable to prevention of access to the Premises or the Building as a result of any of such perils, (iii) comprehensive equipment breakdown insurance (without exclusion for explosion), covering all mechanical, electrical and other equipment exclusively serving the Premises (or installed for or on behalf of Tenant) against physical damage from all perils insured against in this Section 13.A., (iv) workers compensation insurance in accordance with the laws of the State of Illinois (v) comprehensive automobile liability insurance coverage with limits of not less than $1,000,000.00 combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of owned, non-owned or hired motor vehicle, and (vi) such other insurance coverages or insurance limits as may be customary from time to time for landlords of Comparable Buildings to obtain from office tenants leasing space therein (provided that Landlord may not, in any event, pursuant to this clause (vi), request changes to the insurance  coverages or insurance limits otherwise specified herein on 

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  more than one occasion in any 24-month period).  Tenant shall deliver to Landlord and any other additional insured such certificates of insurance, in an Acord form reasonably satisfactory to Landlord, at least ten (10) days before the Turnover Date.  The "all risk" or Special Form property insurance policies required to be carried by Tenant, and any certificates evidencing such policies, shall provide that the proceeds under such policies with respect to tenant improvements and rent loss shall be payable to Landlord, Tenant and each Ground Lessor or Mortgagee as their interests may appear.  Tenant shall execute and deliver to Landlord such proofs of loss and other instruments which may be reasonably required to recover any such insurance proceeds. Tenant shall procure renewals of such insurance from time to time before the expiration thereof, and Tenant shall deliver to Landlord and any other additional insured a certificate thereof issued by the insurer at least ten (10) business days before the expiration of any existing policy or evidence of such renewal reasonably acceptable to Landlord if certificates of insurance are not issued by the insurer.  All such policies shall be issued by companies of recognized responsibility permitted to do business in the State of Illinois, rated by Best's Insurance Reports or any successor publication of comparable standing at A/VIII or better or the then equivalent of such rating, and all such policies shall contain a provision, to the extent reasonably available in the insurance industry (with Tenant hereby stating to Landlord, for clarification purposes, that Tenant has determined that such provision is not so available as of the date of this Lease), whereby the same cannot be cancelled, allowed to lapse or materially modified unless Landlord is given at least thirty (30) days' prior written notice of such cancellation, lapse or material modification, or, in the event of any cancellation, lapse or material modification by reason of non-payment of the premiums due thereunder, at least ten (10) days' prior written notice of the same (it being understood that in no event may Tenant's insurance coverage be reduced below the coverage required pursuant to this Lease).  In addition to the foregoing, Tenant shall give Landlord at least thirty (30) days' prior written notice of any cancellation, lapse or modification reducing the coverage of the insurance policies required to be maintained by Tenant hereunder.  The limits of liability required herein may be provided by a single policy of insurance or by a combination of primary and umbrella policies, but in no event shall the total limits of liability available for any one occurrence or accident be less than those required herein.  Tenant's policies of insurance may be maintained under "blanket policies" insuring the Premises and other property or locations of Tenant; provided, that such blanket policies shall (i) set forth the amount of the insurance applicable to the Premises, (ii) otherwise comply with the provisions of this Section 13.A., and (iii) afford the same protection to Landlord and any other additional insured required in this Lease as would be provided by Tenant's insurance policies if individually applicable to the Premises. All insurance policies required to be maintained pursuant to this Section 13.A. shall not contain any exclusions for acts of terrorism or similar events, so long a terrorism insurance is available under TRIA (and if terrorism coverage under TRIA is no longer available, then only so long as terrorism coverage is then  available at commercially reasonable prices or if it is otherwise then customary for terrorism coverage to be maintained by office tenants at Comparable Buildings).  In addition to the other requirements set forth in this Lease, the insurance required to be carried by Tenant under this Lease shall be primary insurance for all claims under it and shall provide that any insurance carried by Landlord, Management Company, and the holder of any Ground Lease or Mortgage is strictly excess, secondary and non-contributing with any insurance carried by Tenant and all Tenant insurance shall contain provisions for cross-liability and severability of interests as between Landlord and Tenant and shall not contain a co-insurance provision.  All insurance maintained by Tenant hereunder shall allow for commercially reasonable deductibles.   The foregoing "all risk" property insurance shall also contain a clause pursuant to which the insurance carriers waive all rights of subrogation against Landlord, Management Company, each Project Owner and each Ground Lessor or Mortgagee (and those for whom each is in law responsible) with respect to losses payable under such policies.  In the event Tenant shall fail to timely procure any such insurance required under this Section 13.A. and to deliver evidence thereof to Landlord as required hereunder, Landlord may at its option, after giving Tenant no less than ten (10) days prior written notice of its election to do so and without limiting any other rights or remedies available to Landlord, procure the same for the account of Tenant and the cost thereof shall be paid to Landlord as additional Rent upon receipt by Tenant of bills therefor. In the event, at any time during the Term, it becomes customary for landlords of Comparable Buildings to obtain copies of insurance policies (or copies of redacted policies) from tenants, rather than certificates of insurance, with respect to any of the insurance coverages described in this Section 13.A. then Landlord may require Tenant to so deliver such copies of policies (or copies of redacted policies, as the case maybe), rather than certificates of insurance, upon notice thereof to Tenant (with it being acknowledged and agreed by Landlord that it is not so customary to obtain copies of insurance policies, whether redacted or otherwise, as of the date of this Lease).    

   

  B. Landlord’s Insurance. Landlord agrees to purchase and keep in force and effect, or to cause, pursuant to the REA, to be purchased and kept in full force and effect, at all times during the Term, one hundred percent (100%) replacement cost "all risk" or Special Form property insurance on the core and shell of the Building (as described in Section 15.E. below) (excluding, however, the Tenant's Work and any other tenant improvements, alterations or additions) against fire and other extended coverage perils, including but not limited to vandalism and malicious mischief, perils covered by extended coverage, theft, sprinkler leakage, water damage (however caused), explosion, malfunction or failure of heating and cooling or other apparatus, and other similar risks.  Landlord shall also purchase and keep in full force and effect (without limitation of other coverages deemed prudent by Landlord) (i) commercial general liability insurance including contractual liability insurance covering Landlord's indemnity obligations hereunder, and (ii) Workers' Compensation and Employers' liability insurance, all in amounts customarily maintained by landlords of other Comparable Buildings in the Submarket, or as otherwise required by applicable law.  All insurance maintained by Landlord hereunder shall allow for commercially reasonable deductibles.  The "all risk" property insurance carried 

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  by Landlord shall provide for waiver of rights of subrogation, as may be commercially available, effective against Tenant and any of the Tenant Parties with respect to losses payable under such policy.

   

  C. Risk of Loss.  By this Section 13, Landlord and Tenant intend that the risk of loss or damage to property as described above be borne by responsible property insurance carriers to the extent above provided, and Landlord and Tenant hereby agree to look solely to, and to seek recovery only from, their respective property insurance carriers in the event of a property loss of a type described above to the extent that such coverage is agreed to be provided hereunder.  For this purpose, any applicable deductible amount shall be treated as though it were recoverable under such policies.  Landlord and Tenant agree that applicable portions of all monies collected from such property insurance shall be used toward the full compliance with the obligations of Landlord and Tenant under this Lease in connection with damage resulting from fire or other casualty.

   

  D. General Waiver.  In addition to and without limiting or being limited by any other releases or waivers of claims in this Lease, but rather in confirmation and furtherance thereof, to the extent not prohibited by law, and notwithstanding anything contained herein to the contrary, Landlord and Tenant each releases and waives any and all claims for, and rights to recover, damages against and from the other, and the other’s respective agents, members, partners, shareholders, officers and employees (collectively, the “Released Parties”), for loss, damage or destruction to any of its property (including the Premises, the Building, the Project, and their contents), the elements of which are insured against hereunder or which would have been insured against had such party suffering such loss, damage or destruction maintained the property or physical damage insurance policies required under this Section 13.  In no event shall this clause be deemed, construed or asserted (i) to affect or limit any claims or rights against any Released Parties other than the right to recover damages for loss, damage or destruction to property, or (ii) to benefit any third party other than the Released Parties.

   

  14. TENANT’S RESPONSIBILITIES.

   

  A. Waiver of Claims.  To the extent permitted by law, Tenant releases Landlord, the Management Company, the Project Owners, and each of their respective constituent members and their respective partners, members, shareholders, officers, directors, managers, owners, employees, agents, successors and assigns (herein, collectively with Landlord, the "Landlord Parties") from, and waives all claims for, damage to person or property sustained by the Tenant or any occupant of the Building or Premises resulting directly or indirectly from any existing or future condition, defect, matter or thing in and about the Building or the Premises or any part of either or any equipment or appurtenance therein, or resulting from any accident in or about the Building, or resulting directly or indirectly from any act or neglect of any tenant or occupant of the Building or of any other person, including Landlord's agents and employees, except to the extent resulting from the willful misconduct or negligence of any of the Landlord Parties, and except as otherwise expressly provided in this Lease. If any such damage, whether to the Premises or to the Building or any part thereof, or whether to Landlord or to other tenants in the Building, results from any negligence or willful misconduct of Tenant, its employees, agents, invitees or other representatives, or from any breach of Tenant's obligations hereunder, then Tenant shall, subject to the terms of Sections 13.C. and 13.D. hereof, be liable therefor and Landlord may, at Landlord's option, to the extent such damage affects any other Project Owners (including the adjacent owner in the Project currently known as Macy’s), the Building structure or Building Systems, or Common Areas, or any other tenant's premises, or otherwise creates, in Landlord’s good faith determination, an Emergency Situation (as defined in Section 8.D. above), and without limiting any other rights or remedies available to Landlord, repair such damage and Tenant shall, as payment of additional Rent hereunder, reimburse Landlord within thirty (30) days of demand for the total costs of such repairs, in excess of amounts, if any, paid to Landlord under insurance covering such damages (or which would have been so paid if Landlord had maintained the property insurance required to be maintained by Landlord hereunder) (provided that Landlord may otherwise take such self-help recourse, as provided in this sentence, in any event, if such damage is not otherwise remedied by Tenant within applicable notice and cure periods under this Lease and thereby results in a “Default” of Tenant under Section 19 hereof).  Tenant hereby waives any consequential damages, compensation or claims for inconvenience or loss of business, rents or profits as a result of any injury or damage occurring at or about the Building, the Property and/or the Project. Notwithstanding the foregoing, Tenant shall not be liable for any damage caused by its acts or neglect if  Landlord has recovered the full amount of the damage from proceeds of insurance policies (or if Landlord would have recovered such amounts had Landlord maintained the property insurance required to be maintained by Landlord hereunder). 

   

  B. Indemnity by Tenant. Subject to the terms of Section 13.C. and Section 13.D. above, and to the extent permitted by law, Tenant agrees to indemnify, defend and hold the Landlord Parties harmless from and against any and all actions, claims, demands, costs and expenses, including reasonable attorney's fees and expense for the defense thereof, arising from Tenant’s occupancy of the Premises, the undertaking of any Tenant alterations or repairs to the Premises, from the conduct of Tenant's business on the Premises, or from any breach or default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant to be performed, pursuant to the terms of this Lease, or from any willful or negligent act of Tenant, its agents, employees or invitees, in or about the Premises, the Building or the Project, but only to the extent of Landlord's liability, if any, in excess of amounts, if any, paid to Landlord under insurance covering such claims or liabilities and excluding any claims to the extent resulting from the willful misconduct or negligent acts of any of the Landlord Parties.  In case of any action or proceeding brought 

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  against the Landlord Parties by reason of any such claim being indemnified by Tenant hereunder, upon notice from Landlord, Tenant covenants to defend such action or proceeding by counsel reasonably satisfactory to Landlord.  No persons or entities, other than Landlord and the other Landlord Parties, shall be deemed third party beneficiaries of the indemnities set forth in this Section 14.B.

   

  C. Indemnity by Landlord. Subject to the terms of Section 13.C. and Section 13.D. above, and in addition to and without limiting or being limited by any other indemnity in this Lease, but rather in confirmation and furtherance thereof, to the extent not prohibited by law, Landlord agrees to indemnify, defend by counsel reasonably acceptable to Tenant and hold Tenant, its constituent members, and their respective officers, directors, members, managers, owners, partners, shareholders, agents, employees, successors and assigns (collectively, the “Tenant Parties”) harmless of, from and against any and all losses, damages, liabilities, claims, liens, costs and expenses, including court costs and reasonable attorneys’ fees and expenses, imposed on them or otherwise incurred with respect to injury to or death of persons, occurring within the Common Areas of or elsewhere in the Building, or with respect to damage to property, occurring within the Common Areas of or elsewhere in the Building, but only to the extent that the foregoing losses, damages, liabilities, claims, liens, costs and expenses arise from or are caused directly or indirectly by Landlord’s breach or default in its obligations hereunder or otherwise resulting from any negligent act or omission or willful misconduct of Landlord, or any of its employees, agents, officers, directors, members or partners, and in each case only to the extent of the respective Tenant Parties’ liability, if any, in excess of amounts, if any, paid to such Tenant Parties under insurance covering such claims or liabilities, and excluding any claims resulting from the willful misconduct or negligence of the Tenant Parties.  No persons or entities, other than Tenant and the Tenant Parties, shall be deemed third party beneficiaries of the indemnities set forth in this Section 14.C.

   

  D. Landlord’s Negligence. Subject to the provisions of Section 13.C. and Section 13.D. above to the extent permitted by law, no agreement of Tenant in this Lease shall be deemed to exempt Landlord from liability or damages for injury to persons caused by or resulting from the negligence of Landlord, its agents or employees, in the operation or maintenance of the Premises or Building.

   

  15. DAMAGE OR DESTRUCTION BY CASUALTY.

   

  A. Termination of Lease, Repair by Landlord.  If the Premises or the Building (including any portion thereof providing necessary access to the Premises) shall be damaged by fire or other casualty and if such damage does not render all or a substantial portion of the Premises or the Building (including any portion thereof providing necessary access to the Premises) untenantable, then Landlord shall proceed with reasonable promptness to repair and restore the core and shell of the Building (including any elements thereof within the Premises) so as to render the Premises tenantable, subject to reasonable delays, for insurance adjustments and delays caused by matters beyond Landlord's reasonable control and also subject to zoning laws and building codes then in effect.  If any such damage renders all or a substantial portion of (i) the Premises or (ii) the Building (including any portion thereof providing necessary access to the Premises) untenantable, Landlord shall, with reasonable promptness after the occurrence of such damage, estimate the length of time that will be required to substantially complete the repair and restoration of the core and shell of the Building or the core and shell of the Premises, as the case may be, necessitated by such damage and shall by notice advise Tenant of such estimate.  If it is so estimated that the amount of time required to substantially complete such repair and restoration will exceed two hundred seventy (270) days from the date such damage occurred, then either Landlord or Tenant (but Tenant shall have such right only if the damage was not caused by the gross negligence or willful misconduct of Tenant, its agents, employees, contractors or invitees or others for whom the Tenant is in law responsible, and only if all or a substantial portion of the Premises (including any portion of the Building providing necessary access to the Premises) is rendered untenantable and the estimated time for Landlord required to substantially complete such repair or restoration to render the Premises tenantable will exceed such two hundred seventy (270) day period) shall have the right to terminate this Lease as of the date of notice of such election by giving notice to the other at any time within thirty (30) days after Landlord gives Tenant the notice containing said estimate (it being understood that Landlord may, if it elects to do so, also give such notice of termination together with the notice containing said estimate).  Unless this Lease is terminated as provided in the preceding sentence, Landlord shall proceed with reasonable promptness to repair and restore the core and shell of the Building (including any elements thereof within the Premises and including any portion of the Building providing necessary access to the Premises) so as to render the Premises tenantable, subject to reasonable delays for insurance adjustments and delays caused by matters beyond Landlord's reasonable control, and also subject to zoning laws and building codes then in effect. Landlord shall have no liability to Tenant, and Tenant shall not be entitled to terminate this Lease (except as hereinafter provided) if such repairs and restoration are not in fact completed within the time period estimated by Landlord, as aforesaid, or within said two hundred seventy (270) days.  However, if such repairs and restoration are not completed by a date ("Outside Date") which is twelve (12) months after the date of such fire or other casualty (or ninety (90) days after the expiration of the time period estimated by Landlord as aforesaid, if longer than two hundred seventy (270) days and neither party terminated the Lease as permitted), which Outside Date shall be extended by all periods of delay attributable to the acts or omissions of Tenant or Tenant's agents, employees or contractors, for any reason whatsoever but which Outside Date shall not otherwise be extended for other Force Majeure delays under Section 29.K. above, then Landlord or Tenant may terminate this Lease, effective as of the date of notice of such election, by giving written notice to the other within a thirty (30) day period after said Outside Date as extended as aforesaid, but prior to substantial 

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  completion of repair or restoration (provided that Tenant shall have such right only if the damage was not caused by the gross negligence or willful misconduct of Tenant, its agents, employees, contractors or invitees, or others for whom Tenant is in law responsible and only if all or a substantial portion of the Premises (including any portion of the Building providing necessary access to the Premises) was rendered untenantable). Notwithstanding anything to the contrary herein set forth:  (i) Landlord shall have no duty pursuant to this Section 15 to repair or restore any portion of Tenant's alterations or any other tenant improvements or additions made by or on behalf of Tenant in the Premises, and including the Tenant's Work or any other improvements made by or on behalf of Tenant in the Premises, including improvements performed by Landlord pursuant to this Lease and/or any separate tenant construction agreement or workletter entered into by Landlord and Tenant; (ii) Landlord shall not be obligated (but may, at its option, so elect) to repair or restore the Premises or Building if the damage is due to an uninsurable casualty or if insurance proceeds are insufficient to pay for such repair or restoration (unless so insufficient as a result of Landlord failing to maintain the insurance required to be maintained by Landlord under this Lease), or if any mortgagee on the Building applies proceeds of insurance to reduce its loan balance, and the remaining proceeds, if any, available to Landlord are not sufficient to pay for such repair or restoration (provided that if Landlord elects not to so repair or restore the Premises as a result of any matter described in this clause (ii), Landlord shall promptly notify Tenant of such election, and, to the extent such damage rendered a substantial portion of the Premises untenantable (including any portions of the Building providing necessary access to the Premises), Tenant shall thereafter have the right to terminate this Lease effective upon written notice thereof to Landlord given not later than ten (10) business days after Tenant's receipt of notice of such election by Landlord); and (iii) if any such damage rendering all or substantial portion of the Premises or Building untenantable shall occur during the last eighteen (18) months of the initial Term or the last eighteen (18) months of any extension period provided hereunder, either party (but as to Tenant's right, only if all or a substantial portion of the Premises (including any portions of the Building providing necessary access to the Premises) is rendered untenantable and only if the damage was not caused by the negligence or willful misconduct of Tenant, its agents, employees, contractors or invitees or others for whom the Tenant is in law responsible) shall have the option to terminate this Lease by giving written notice to the other within sixty (60) days after the date such damage occurred, and if such option is so exercised, this Lease shall terminate as of the date of such notice, as if such date was the stated expiration date of the Term hereof.

   

  B. Repair by Tenant.  If this Lease is not terminated pursuant to this Section 15, Tenant shall, in accordance with Section 12, proceed with reasonable promptness to repair and restore all of Tenant’s alterations and all other alterations, additions and improvements in (or exclusively serving) the Premises (including, without limitation, the Tenant’s Work), other than any repairs or restoration required to be made by Landlord pursuant to Section 15.A. above, to as near the condition which existed prior to the fire or other casualty as is reasonably possible.  If Landlord allows Tenant to perform work concurrent with Landlord work, then Tenant shall fully cooperate with Landlord in coordinating any work being performed by Tenant under this Section 15.B with work being performed by Landlord under Section 15.A. above.  The parties acknowledge and agree that Tenant shall be entitled to the proceeds of any insurance coverage carried by Tenant relating to improvements and betterments to the Premises, and relating to non-affixed items of equipment, furnishings and other personal property owned by Tenant and located at the Premises; provided, however, that notwithstanding the foregoing, if this Lease terminates as a result of any fire or other casualty as provided in this Section 15, then Landlord shall be entitled to Landlord’s Insurance Share (as hereinafter defined) of all insurance proceeds of insurance carried by Tenant relating to improvements and betterments to the Premises, up to the amount of the Allowance, as defined in the Workletter, and any other allowance proceeds hereafter given by Landlord to Tenant under this Lease (the “Landlord Allowance Proceeds Amount”), and Tenant shall be entitled to the balance (if any) of the insurance proceeds from such insurance carried by Tenant (and, in such case, Landlord hereby waives any claims it may have with respect to such balance).  For purposes of the foregoing, the term “Landlord’s Insurance Share” shall mean a fraction, the numerator of which is the total Landlord Allowance Proceeds Amount, and the denominator of which is the total documented out-of-pocket costs and expenses incurred by Tenant relative to the Tenant’s Work hereunder, as evidenced by the various cost submittals and draw requests delivered by Tenant to Landlord from time to time under the Workletter (i.e., inclusive of amounts funded with the Allowance, but excluding, however, any costs of furnishings, equipment or other personal property items which are being insured separately by Tenant as provided above).

   

  C. Abatement of Rent.  In the event any such fire or casualty damage renders the Premises untenantable and if this Lease shall not be terminated pursuant to the foregoing provisions of this Section 15 by reason of such damage, then there shall be no abatement or reduction of Rent where the Landlord’s repairs to the Premises take less than ten (10) business days after the damage occurs to complete.  If the Landlord’s repairs take ten (10) business days or more days to complete, then Rent shall abate during the period beginning with the date of such damage and ending with the date when Landlord substantially completes its repair or restoration required hereunder and possession of the Premises is delivered to Tenant. Such abatement shall be in an amount bearing the same ratio to the total amount of Rent for such period as the portion of the Rentable Square Feet of the Premises which is untenantable and not used by Tenant from time to time bears to the Rentable Square Feet of the entire Premises.  In the event of termination of this Lease pursuant to this Section 15, Rent shall be apportioned on a per diem basis and be paid to the date of the termination.

   

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  D. Untenantability.  As used in this Lease, the term “untenantable” means (i) with respect to the Premises or any portion thereof, material impairment to Tenant’s ability to conduct its business operations permitted under this Lease therefrom due to damage to the Premises or the Building and/or material impairment to Tenant’s ability to access the Premises, and (ii) with respect to any other portion of the Building, material impairment to continued occupancy for its intended use due to damage to such portion of the Building.  Notwithstanding anything contained to the contrary in this Section 15, the Premises or any portion of the Premises, as applicable, shall be deemed tenantable, for purposes of this Section 15, unless Landlord, pursuant to this Section 15, is required to repair or restore any of the core and shell items located therein.  Further, if Landlord, pursuant to this Section 15, is required to repair or restore any of the core and shell items located within the Premises, then the Premises, or portion thereof, as applicable, shall be deemed tenantable following such time as Landlord has substantially completed the repair and restoration work relative to core and shell items located within the Premises required to be performed by Landlord under this Section 15.  Notwithstanding the foregoing or anything herein to the contrary, the Premises or any portion thereof, as applicable, shall, in any event, be deemed tenantable for purposes of this Section 15 if Tenant continues to conduct any of its business operations permitted under this Lease from the subject portion of the Premises; it being understood that the Premises shall, in any event, be deemed untenantable for so long as portions of the Building necessary to provide access to the Premises are rendered unusable, and to the extent Tenant is unable to conduct any business operations from the Premises as a result thereof.

   

  E. Core and Shell.  The term “core and shell” shall mean all components of the Building consisting of the structural elements thereof (i.e., whether located within the Premises or elsewhere), the base-building electrical, plumbing, heating, ventilating and air conditioning systems, all elevators serving the Premises, all Building Systems and other Project Mechanical Areas, and the public corridors, public washrooms, lobby and other Common Areas of the Building, but specifically excludes the Tenant’s Work or any work related to tenant improvements constructed by or for Tenant or other tenants or installed within the Premises (other than the above described core and shell items) or within any other tenant’s premises.

   

  16. EMINENT DOMAIN. 

   

  A. Substantial Taking.  If the entire Building, or a substantial part thereof, or any part of the Building which includes all or a substantial part of the Premises, shall be taken or condemned by any competent authority for any public or quasi public use or purpose, the Term shall end upon and not before the earlier of the date when the possession of the part so taken shall be required for such use or purpose or the effective date of the taking.  If any condemnation proceeding shall be instituted in which it is sought to take or damage any part of the Building, the taking or damaging of which would, in Landlord’s opinion, prevent the economical operation of the Building, or if the grade of any street or alley adjacent to the Project is changed or any such street or alley is closed by any competent authority, and such taking, damage, change of grade or closing makes it necessary, in Landlord’s good faith determination, to remodel the Building to conform to the taking, damage, change of grade or closing, Landlord shall have the right to terminate this Lease upon written notice to Tenant given not later than sixty (60) days after Landlord’s receipt of notice of the taking and effective on a date designated by Landlord which is not less than ninety (90) days following the date of Landlord’s delivery of such notice to Tenant (provided that Landlord may not elect to so terminate this Lease unless Landlord also terminates leases for all other similarly affected office tenants at the Building for which Landlord has the right to so terminate).  If any condemnation proceeding shall be instituted in which it is sought to take or damage any part of the Premises, Tenant shall have the right to terminate this Lease upon written notice to Landlord given not later than sixty (60) days after Tenant’s receipt of notice of the taking and effective on a date designated by Tenant which is not less than ninety (90) days following the date of Tenant’s delivery of such notice to Landlord.  In any of the Lease termination events referred to above, Rent shall be apportioned on a per diem basis and be payable to the date of the termination.

   

  B. Taking of Part.  In the event a part of the Building or the Premises is taken or condemned by any competent authority and this Lease is not terminated as provided in Section 16.A. above, the Lease shall be amended to reduce (if applicable) the monthly components of Base Rent, or to reduce or increase, as the case may be, the Tenant’s Proportionate Share, to reflect the Rentable Square Feet of the Premises or Building, as the case may be, remaining after any such taking or condemnation.  Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of sale) shall make necessary repairs and restorations to the Premises (exclusive of any of Tenant’s Work, Tenant’s alterations, or any other improvements made by or on behalf of Landlord or Tenant) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit.  Notwithstanding the foregoing, if the award in condemnation (or proceeds of sale) is insufficient to pay for the foregoing repairs and restorations required of Landlord hereunder, and if Landlord elects not to perform such repairs and restorations in excess of the award in condemnation (or proceeds of sale) as a result thereof, then Landlord shall promptly notify Tenant of such election, and, to the extent such taking renders any material portion of the Premises untenantable, Tenant shall thereafter have the right to terminate this Lease effective as of such date as is designated by Tenant in a written notice thereof to Landlord given not later than sixty (60) days after Tenant’s receipt of notice of such election by Landlord (which date so designated by Tenant shall be no more than ninety (90) days after the subject taking).

   

  C. Compensation.  Landlord shall be entitled to receive the entire award (or sale proceeds) from any such taking, condemnation or sale without any payment to Tenant, and Tenant hereby assigns to Landlord all of Tenant’s interest, if any, in such award; 

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  provided, however, Tenant shall have the right separately to pursue against the condemning authority a separate award in respect of the loss, if any, to any of Tenant’s Work or Tenant’s alterations paid for by Tenant without any credit or allowance from Landlord, and with respect to Tenant’s trade fixtures and moving expenses, so long as there is no diminution of Landlord’s award as a result.

   

  17. ASSIGNMENT AND SUBLETTING.

  
A. Prohibitions.  Except as provided in Section 17.D. and 17.H. below, Tenant shall not, either prior or subsequent to the commencement of the Term, (i) assign, transfer, mortgage, pledge, hypothecate or encumber or subject to or permit to exist upon or be subjected to any lien or charge, Tenant’s interest in this Lease, (ii) allow to exist or occur any transfer of or lien upon Tenant’s interest herein by operation of law, (iii) sublet the Premises or any part thereof, or (iv) permit the use or occupancy of the Premises or any part thereof for any purpose not provided for under Section 6 of this Lease or by anyone other than Tenant and Tenant’s employees (such prohibition includes, without limitation, the use or occupancy of the Premises for desk space and/or mail privileges).  Landlord has the absolute right to withhold its consent to any of such acts without giving any reason whatsoever, except as herein expressly provided to the contrary in Section 17.D. and 17.H. below.  In no event shall this Lease be assigned or assignable by voluntary or involuntary bankruptcy proceedings or otherwise, except as provided by law, and in no event shall this Lease or any rights or privileges hereunder be an asset of Tenant under any bankruptcy, insolvency or reorganization proceedings, except as provided by law.  Notwithstanding anything to the contrary herein, in no event shall this Lease be assigned or transferred (other than pursuant to a sublease which shall be governed by the terms of this Section 17) except with respect to the Premises in its entirety and then, only subject to the terms of this Section 17.  Any of the foregoing performed or attempted in violation of the provisions of this Section shall be null and void and shall be deemed an immediate Default under this Lease.

  
B. Continuing Liability.  No assignment, subletting, use, occupancy, transfer or encumbrance by Tenant shall operate to relieve Tenant from any covenant, liability or obligation hereunder except to the extent, if any, expressly provided for in any such written consent of Landlord to the foregoing, and none of the foregoing, and no consent to any of the foregoing, shall be deemed to be a consent to or relieve Tenant from obtaining Landlord’s consent to any subsequent assignment, subletting, use, occupancy, transfer or encumbrance.  Tenant shall pay all of Landlord’s reasonable costs and expenses, including, without limitation, reasonable attorneys’ fees and expenses in an aggregate amount not to exceed $3,000, incurred in connection with Landlord’s consideration to approve any assignment, subletting, use, occupancy, transfer or encumbrance made or requested by Tenant and in connection with the preparation or negotiation of any documentation reasonably required by Landlord in connection therewith.

  
C. Notice of Proposed Assignment or Sublease.  Subject to the terms of Section 17.H. below, Tenant shall, by notice in writing, advise Landlord of its intention from, on and after a stated date (which shall not be less than fifteen (15) business days nor more than one hundred eighty (180) days after the date of the giving of Tenant’s notice to Landlord) to assign this Lease or sublet all or any part of the Premises for the balance or any part of the Term, and, in such event, Landlord shall have the right, to be exercised by giving written notice to Tenant within ten (10) business days after its receipt of Tenant’s notice, (1) only if the proposed assignment or sublease is for all of the Premises for not less than seventy-five percent (75%) of the then-remainder of the Term, to terminate this Lease as of the date stated in Tenant’s notice for the commencement of such proposed assignment or sublease, or (2) for any assignment or sublease to consent or refuse to consent to the proposed assignment or sublease (which consent shall not be unreasonably withheld, conditioned, or delayed, as described in Section 17.D. below).  If Landlord does not give Tenant notice of any election under clause (1) or clause (2) within such 10-business day period, then Tenant may, at its election, deliver a second notice to Landlord with respect to the proposed assignment or subletting transaction, and, to the extent Tenant's second notice expressly states thereon in bold capitalized letters that "THIS IS A SECOND REQUEST PURSUANT TO SECTION 17.C. OF YOUR CHICAGO LEASE.  FAILURE TO RESPOND TO TENANT'S REQUEST IN THIS LETTER WITHIN FIVE (5) BUSINESS DAYS AFTER RECEIPT OF THIS REQUEST WILL CONSTITUTE A CONSENT TO THE SUBJECT ASSIGNMENT OR SUBLETTING TRANSACTION.", then if Landlord fails to notify Tenant of its election under clause (1) or clause (2) within such 5-business day period, the assignment or subletting which is the subject of such notice shall be deemed consented to by Landlord. Tenant’s initial notice shall include the name and address of the proposed assignee or subtenant, the material terms of the proposed assignment or sublease and sufficient information, as Landlord reasonably deems necessary, to permit Landlord to determine (i) the financial responsibility of any prospective assignee or subtenant; (ii) the character and the nature of the business of the proposed assignee or subtenant, and (iii) whether Landlord has the right under this Lease to withhold consent to the proposed assignment or sublease.  If Tenant’s notice covers all of the Premises and Landlord exercises its right to terminate this Lease as to such space, then the Term of this Lease shall expire and end on the date stated in Tenant’s notice for the commencement of the proposed assignment or sublease as fully and completely as if that date had otherwise been the expiration date of the Term hereof, but in such event, Tenant shall return possession of the Premises in broom clean, but otherwise then as-is condition, and Tenant shall have no duty of restoration of the Premises under Section 18 hereof, notwithstanding anything in this Lease to the contrary (provided further, that Tenant shall nevertheless be required to remove all of its personal property from the Premises, all as and to the extent it is so required to do so under Section 18 hereof).

  
Notwithstanding any of the foregoing to the contrary, if Landlord notifies Tenant that Landlord has elected to terminate this Lease 

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  pursuant clause (1) above, then Tenant shall have the right, at its election, to rescind its earlier notice to Landlord regarding such transaction, which rescission shall be exercised by notice to Landlord no later than ten (10) business days following Tenant’s receipt of Landlord’s election (time being of the essence), whereupon this Lease shall continue in full force and effect, and Tenant’s earlier notice to Landlord of a desire to make the subject assignment or sublease shall be deemed null and void.

  
D. Grounds for Withholding Consent.  If Landlord, upon receiving Tenant's notice with respect to any such space does not exercise its right to terminate as aforesaid, Landlord will not unreasonably withhold, condition, or delay its consent to Tenant's assignment of this Lease or subletting the space covered by Tenant's notice.  Landlord shall not be deemed to have unreasonably withheld its consent to a proposed assignment of this Lease or to a proposed sublease of part or all of the Premises if its consent is withheld because:  (i) Tenant is then in default hereunder (provided that if any such default is subsequently cured or resolved and waived by Landlord in writing, Tenant shall again have the right to propose such assignment or subletting to Landlord for its consent hereunder); (ii) any notice of termination of this Lease or termination of Tenant's right of possession shall have been given under Section 19 hereof and remains in effect; (iii) in Landlord's reasonable determination, either the portion of the Premises which Tenant proposes to sublease, or the remaining portion of the Premises, or the means of ingress or egress to either the portion of the Premises which Tenant proposes to sublease or the remaining portion of the Premises, is of such nature that it will violate any applicable law, or is of such accessibility, size or irregular shape so as not to be suitable for normal renting purposes as space on a multi tenant floor within the Building; (iv) the proposed use of the Premises by the proposed assignee or subtenant differs, in any respect, with the use set forth in Section 6 hereof or will violate any applicable law, or will impose any obligation upon Landlord or increase Landlord's obligations under or cost of compliance with any laws, or will violate any exclusive right Landlord has granted to any tenant of any part of the Building prior to the date of Tenant's notice; (v) in the reasonable judgment of Landlord, the proposed assignee or subtenant is of character or is engaged in any business which would be deleterious to the reputation of the Building; (vi) in the case of an assignment of this Lease or in the case of a sublease for greater than seventy-five percent (75%) of the Rentable Square Feet of the Premises, in the reasonable judgment of Landlord, the proposed assignee or subtenant is not sufficiently financially responsible to perform its obligations under this Lease (i.e., if an assignment) and under the proposed assignment or sublease; (vii) the proposed assignee or subtenant is a governmental body (or subdivision or agency thereof); or (viii) the proposed assignee or subtenant is an occupant (or affiliate thereof) of the Building or is a person or entity (or affiliate thereof) Landlord is then in active negotiations with (or has been in active negotiation with during the preceding six months) relative to leasing of space in the Building, and, in either such case, Landlord has suitable space (i.e., meaning of a rentable area reasonably comparable to the rentable area that was the subject of the proposed assignment/subletting transaction) available at the Building for such prospective tenant; provided, however, that the foregoing are merely examples of reasons for which Landlord may withhold its consent and shall not be deemed exclusive of any permitted reasons for reasonably withholding consent, whether similar or dissimilar to the foregoing examples, and Landlord may consider all relevant factors in determining whether to give or withhold its consent.  Tenant agrees that all advertising by Tenant or on Tenant's behalf with respect to the assignment of this Lease or subletting of any part of the Premises must be in keeping with a Class A office building, and shall not violate any laws which are binding on Landlord or the Building.

  
E. Excess Rent Payment.  If Tenant (as Tenant or debtor in possession) shall assign this Lease or sublet the Premises, or any part thereof, at a rental or for other consideration in excess of the Rent or pro rata portion thereof due and payable by Tenant under this Lease, then Tenant shall pay to Landlord as additional Rent one half (1⁄2) of any such excess rent or other consideration within thirty (30) days after receipt under any such assignment or, in the case of a sublease, within thirty (30) days after receipt from such subtenant, one half (1⁄2) of the excess of all rent and other consideration paid by the subtenant for such month over the Rent then payable to Landlord pursuant to the provisions of this Lease for said month (or if only a portion of the Premises is being sublet, one half (1⁄2) of the excess of all rent and other consideration due from the subtenant for such month over the portion of the Rent then payable to Landlord pursuant to the provisions of this Lease for said month which is allocable on a rentable area basis to the space sublet), and (ii) within thirty (30) days after the receipt thereof, one half (1⁄2) of any other consideration realized by Tenant from such subletting.  Landlord shall not be responsible for any deficiency if Tenant shall assign this Lease or sublet the Premises or any part thereof at a rental less than that provided for herein.  Whenever reference is made to the “excess” of rent or other consideration, such excess shall be reduced by charging against the rent or other consideration paid by such assignee or subtenant, reasonable brokerage commissions and other reasonable out-of-pocket costs and expenses (including, without limitation, construction, marketing, legal fees, allowances, and other concessions) which Tenant has paid or given in connection with assigning the Lease or subleasing the applicable portion of the Premises.

  
F. Lease Assumption.  If Tenant shall assign this Lease, then, as a condition to the effectiveness thereof, the assignee shall expressly assume all of the obligations of Tenant hereunder, to the extent accruing on or after the effective date of the assignment, together with Tenant on a joint and several liability basis, in a written instrument executed by Tenant and assignee on a form reasonably acceptable to Landlord, delivered to Landlord not later than the effective date of the assignment.  Any such consent given by Landlord relative to a proposed sublease or assignment transaction shall automatically be deemed conditioned upon Landlord’s receipt, on or before the commencement date of such sublease or the effective date of such assignment, of (i) a true and correct copy of the fully executed sublease or assignment instrument, conforming, in all material respects, to the information 

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  previously delivered by Tenant to Landlord as part of Tenant’s notice requesting Landlord’s consent, and (ii) an original of Landlord’s form consent instrument used at the Building, executed by Tenant and the proposed subtenant or assignee.

  
G. Corporation, Partnership and Limited Liability Company Transfers.  If Tenant is a corporation, any transaction or series of transactions (including without limitation any dissolution, merger, consolidation or other reorganization of Tenant, or any issuance, sale, gift, transfer or redemption of any capital stock of Tenant, whether voluntary, involuntary or by operation of law, or any combination of any of the foregoing transactions) resulting in the transfer of control of Tenant, other than by reason of death, shall be deemed to be a voluntary assignment of this Lease by Tenant subject to the provisions of this Section 17.  If Tenant is a partnership or limited liability company, any transaction or series of transactions (including without limitation any withdrawal or admittance of a partner or member or any change in any partner’s or member’s interest in Tenant, whether voluntary, involuntary or by operation of law, or any combination of any of the foregoing transactions) resulting in the transfer of control of Tenant, other than by reason of death, shall be deemed to be a voluntary assignment of this Lease by Tenant subject to the provisions of this Section 17. Notwithstanding the foregoing, this Section 17(G) shall not be applicable to, and a change in control shall not be deemed a default if this Lease, if Tenant is a Publicly Traded Entity.  As used herein, (i) the term “control” means the power to directly or indirectly direct or cause the direction of the management and policies of Tenant, through the ownership of voting or other ownership interests, and (ii) the term “Publicly Traded Entity” means an entity whose securities are listed on a recognized securities exchange (e.g., New York Stock Exchange) or a wholly owned subsidiary of such an entity.
 

  H. Permitted Transfers.  Notwithstanding any of the foregoing, Landlord’s consent shall not be required, and Landlord shall not have any right to terminate this Lease with respect to the Premises or any portion of the Premises or otherwise collect any excess rent under subparagraph E, for an assignment of Tenant’s entire interest under this Lease with respect to the whole of the Premises to a Tenant Affiliate (as hereinafter defined), or with respect to a sublet of all or portions of the Premises to a Tenant Affiliate as a result of such assignment or sublet to a Tenant Affiliate, as long as (i) Tenant is not in Default under this Lease beyond applicable notice and cure periods hereunder at the effective date of such assignment or sublease, (ii) the use of the Premises by the assignee or subtenant shall only be for the use permitted under this Lease, (iii) Tenant gives written notice to Landlord within ten (10) business days after the effective date of the assignment or sublet (it being agreed that the failure to timely deliver such notice shall not invalidate such sublease or assignment), (iv) if an assignment or sublease to a Tenant Affiliate of the type described in subclause (A), (B), or (C) below, the assignee or subtenant has either (1) a net worth, determined in accordance with generally accepted accounting principles, at least equal to the net worth of Tenant as such net worth exists immediately prior to the date of the assignment or sublease to such Tenant Affiliate of the type described in subclause (A), (B), or (C) below, or (2) a financial condition, reasonably determined by Landlord to be sufficient to perform all of Tenant’s obligations under this Lease; and (v) if an assignment, such assignee assumes the obligations of Tenant under this Lease.  As used herein, the term “Tenant Affiliate” shall mean any entity (A) which acquires all or substantially all of the business and assets of the Tenant under this Lease, or all or substantially all of the direct or indirect ownership interests of the Tenant under this Lease, in any such case for a purpose other than to circumvent the provisions of this Section 17; (B) which results from an initial public offering of Tenant to become a Publicly Traded Entity; (C) which results from a merger or consolidation with the Tenant under this Lease; or (D) which is controlled by, controls, or is under common control with, the Tenant under this Lease.  For purposes of the foregoing, the term “control” and “Publicly Traded Entity” shall have the meanings described in Section 17.G. above.  Except as provided in this Section 17.H., and except for Tenant’s duty to pay Landlord’s expenses as provided in the second sentence of Section 17.B. above, all terms of this Section 17 shall apply with respect to an assignment or sublet to a Tenant Affiliate (including, without limitation, the terms of Section 17.B. regarding the continued liability of the “Tenant” making such assignment or sublease, as well as the continued liability of each prior “Tenant” under this Lease).

  
Notwithstanding the foregoing, it is agreed that Tenant may permit up to ten percent (10%) of the overall Rentable Square Feet of the Premises, in the aggregate, to be occupied (which permission to occupy may but need not be in writing, and which permission under this sentence shall constitute a sublease, if Tenant so elects, or shall otherwise be deemed a license only, and, in either such case, shall terminate upon any termination of this Lease or Tenant's right to possession hereunder) by any of Tenant's clients, agents, consultants, service providers or contractors to which Tenant has a business relationship, including, without limitation, employees, officers, and directors of any Tenant Affiliate (any such permitted occupants under this sentence being referred to as "Other Permitted Occupants") and Landlord's consent shall not be required for any such sublease or license to an Other Permitted Occupant and Landlord shall not otherwise collect any excess rent under subparagraph E. above as a result of such sublet or license to an Other Permitted Occupant, all as long as (i) Tenant gives reasonable prior or subsequent notice to Landlord of such sublease or license transaction, and (ii) such use of the Premises by the Other Permitted Occupant shall comply with all requirements otherwise set forth in this Lease relative to permitted use of the Premises hereunder, and (iii) no such sublease or license rights shall be entered into or otherwise permitted pursuant to this sentence if such sublease or license would, at the time of such sublease or license, cause the aggregate Rentable Square Feet of the Premises which are subject to all such subleases and licenses to Other Permitted Occupants entered into pursuant to this sentence, to exceed ten percent (10%) of the then overall Rentable Square Feet of the Premises, and (iv) the space to be occupied by such Other Permitted Occupant is on a so-called desk or office sharing arrangement or otherwise located within the common general areas of the Premises, and does not in any event, include any separate demising of the Premises to accommodate such occupancy, (v) such sublease or license shall terminate, in 

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  any event, on or before the expiration or earlier termination of the Term hereof, (vi) the terms of Section 17.B. above regarding the continued liability of the "Tenant" entering into such sublease or license, as well as the continued liability of each prior "Tenant", shall apply, and (vii) as a condition of occupancy of a portion of the Premises, the Other Permitted Occupant shall, upon Landlord’s request, execute Landlord's standard form of occupancy agreement (which, for the avoidance of doubt, shall not require the payment of any rent, license fee or other amount to Landlord). Tenant shall ensure that any such Other Permitted Occupant abides by the rules and regulations of the Building. Tenant agrees to indemnify and save harmless the Landlord from all costs, liability, claims and damages where the Other Permitted Occupant does or omits to do anything on the Premises or in the Building that would cause a breach of Tenant's obligations under this Lease. 

  
I. Prohibition.  In no event shall Tenant assign this Lease or enter into any sublease, license, concession or other agreement for use, occupancy or utilization of any part of the Premises which provides for a rental or other payment for such use, occupancy or utilization based in whole or in part on the income or profits derived by any person from the Premises leased, used, occupied or utilized (other than an amount based on a fixed percentage or percentages of gross receipts or sales), and Tenant agrees that all assignments, subleases, licenses, concessions or other agreements for use, occupancy or utilization of any part of the Premises shall provide that the person having an interest in the possession, use, occupancy or utilization of the Premises shall not enter into any lease, sublease, license, concession or other agreement for use, occupancy or utilization of space in the Premises which provides for a rental or other payment for such use, occupancy or utilization based in whole or in part on the income or profits derived by any person from the Premises leased, used, occupied or utilized (other than an amount based on a fixed percentage or percentages of gross receipts or sales) and any such purported assignment, sublease, license, concession or other agreement shall be absolutely void and ineffective as a conveyance of any right or interest in the possession, use, occupancy or utilization of any part of the Premises.

   

  18. SURRENDER.  Upon expiration of this Lease or sooner termination of the Term or Tenant’s right to possession of the Premises, Tenant shall return the Premises to Landlord in good order and condition, ordinary wear and tear, and damage by casualty and/or condemnation (other than repairs and restoration required of Tenant as a result of such casualty or condemnation under Sections 15 and/or 16 above, if applicable) excepted, and subject to Section 15 above.  If Landlord, in accordance with the following terms of this Section 18, requires Tenant to remove any of Tenant's Work made under the Workletter or any alterations pursuant to Section 12, then, in each case, such removal shall be done in a good and workmanlike manner, and upon such removal Tenant shall restore the Premises to its condition prior to the installation of such Tenant's Work or alterations (as the case may be).  If Tenant does not remove such Tenant's Work or alterations upon expiration of this Lease, or within thirty (30) days after sooner termination of the Term or Tenant's right to possession of the Premises, then, without limiting any other rights or remedies available to Landlord, Landlord may remove the same and restore the Premises, and Tenant shall pay the reasonable cost of such removal and restoration to Landlord upon demand (with it being further understood and agreed that any such period following the expiration of this Lease or sooner termination of the Term or Tenant's right to possession of the Premises when such removal and restoration obligations of Tenant are not fully performed shall be deemed a holding over under this Lease, subject to the terms of Section 20 hereof with respect thereto).  Notwithstanding the foregoing, as part of Landlord's approval of the plans and specifications for the Tenant's Work or any alterations hereunder, Landlord shall notify Tenant of any such item or items described in this paragraph which Landlord will require Tenant to remove at the end of the Term (or Tenant's right to possession of the Premises) hereunder (which removal requirement shall only be imposed by Landlord if Landlord, in good faith, determines that such item or items (i) would not be customary for office usage at Comparable Buildings in the Submarket or (ii) are of  a specialized or extraordinary nature which are excessively costly or hazardous to remove, such as, for example under this subclause (ii), safes, vaults, raised floors, internal stairwells, high-density filing systems, full service kitchens, supplemental fire suppression systems, or supplemental HVAC systems).  Notwithstanding the foregoing or anything herein to the contrary, in no event shall Tenant have the right or obligation, at any time, to remove any Landlord Work installed hereunder or any core and shell components at the Premises (all of which shall remain at the Premises and be deemed Landlord's property, both during the Term and as of the expiration or earlier termination of the Term or of Tenant's right to possession hereunder).  Without limitation of the foregoing, it is understood and agreed that Tenant shall remove its non-affixed furniture, equipment, trade fixtures, all cabling and wiring which it installed, and all other items of non affixed personal property from the Premises prior to termination of the Term or Tenant's right to possession of the Premises.  If Tenant does not remove such items prior to the expiration of this Lease or within thirty (30) days after sooner termination of the Term or Tenant's right to possession of the Premises, Tenant shall be conclusively presumed to have conveyed the same to Landlord without further payment or credit by Landlord to Tenant, or at Landlord's sole option and without limiting any other rights or remedies available to Landlord, such items shall be deemed abandoned, in which event Landlord may cause such items to be removed and disposed of at Tenant's expense, which shall be Landlord's actual cost of removal without obligation to compensate Tenant therefor (with it being further understood and agreed that any such period following the expiration of this Lease or sooner termination of the Term or Tenant's right to possession of the Premises when such removal obligations of Tenant are not fully performed shall be deemed a holding over under this Lease, subject to the terms of Section 20 hereof with respect thereto).

   

  19. DEFAULTS AND REMEDIES.

  
A. Evidence of Default.  The occurrence or existence of any one or more of the following shall constitute a "Default" by Tenant under this Lease: (i) Tenant fails to pay any installment or other payment of Rent within five (5) business days after written notice 

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  of such failure from Landlord to Tenant; (ii) Tenant fails to observe or perform any of the other covenants, conditions or provisions of this Lease and fails to cure such default within thirty (30) days after written notice thereof to Tenant (provided that such 30-day period shall be extended for the time reasonably required to complete such cure, not exceeding, in any event, an additional 180 day period (which 180-day extension period shall be subject to further extension on account of Force Majeure delays, as and to the extent described in Section 29.K. below), if such failure cannot reasonably be cured within said 30 day period and Tenant commences to cure such failure within said 30 day period and thereafter diligently and continuously proceeds to cure such failure); (iii) the interest of Tenant in this Lease is levied upon under execution or other legal process, which is not released or discharged within sixty (60) days from the date of such levy (or, in any event, such earlier date prior to final enforcement of the same); (iv) a Bankruptcy Event has occurred and, in the case of an involuntary Bankruptcy Event, the same is not dismissed or withdrawn within sixty (60) days after such filing or occurrence; (vi) Tenant is declared insolvent by law or any assignment of Tenant's property is made for the benefit of creditors; (vi) a receiver is appointed for Tenant or Tenant's property (or if there is a Guarantor of this Lease, then if a receiver is appointed for such Guarantor or Guarantor's property), which appointment is not discharged within sixty (60) days; (vii) upon the dissolution of Tenant; or (viii) if any other event occurs which, pursuant to the express terms of this Lease, constitutes a "Default" under this Lease which does not, pursuant to such express terms, require or afford any additional notice or cure periods.

  
B. Right of Re Entry.  Upon the occurrence of a Default, unless a cure thereof has been accepted, in writing, by Landlord (at Landlord's discretion), Landlord may elect to terminate this Lease or, without terminating this Lease, terminate Tenant’s right to possession of the Premises.  Upon any such termination, Tenant shall immediately surrender and vacate the Premises and deliver possession thereof to Landlord in the condition required for surrender as provided herein.  Tenant grants to Landlord the right to enter and repossess the Premises and to expel Tenant and any others who may be occupying the Premises and to remove any and all property therefrom (subject, however, to the terms of Section 18 hereinabove), without being deemed in any manner guilty of trespass and without relinquishing Landlord’s rights to Rent or any other right given to Landlord hereunder or by operation of law, all to the extent such actions by Landlord are with process of law and required statutory notice.

  
C. Termination of Right to Possession.  If Landlord terminates Tenant’s right to possession of the Premises without terminating this Lease, Landlord may relet the Premises or any part thereof.  In such case, Landlord shall use reasonable efforts to mitigate Tenant’s damages as required by applicable law and to relet the Premises on such terms as Landlord shall reasonably deem appropriate and at such rents as then-prevailing in the Submarket; provided, however, Landlord may first lease Landlord’s other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting.  Tenant shall reimburse Landlord for the reasonable, out-of-pocket costs and expenses of reletting the Premises including, but not limited to, all brokerage, advertising, legal, alteration, redecorating, repairs and other expenses incurred to secure a new tenant for the Premises (collectively, the “Costs of Reletting”); provided, however, if the term for the new tenant extends beyond what would have been the stated expiration date of the Term hereof in the absence of such Default, then such Costs of Reletting shall be amortized over the lease term of any such subsequent tenant, together with an applied interest rate of 6%, and Tenant shall only be liable for such Costs of Reletting (together with applicable interest) for the period attributable to the period through the expiration of the Term (or the date the term would have expired but for a Default and election to terminate the Lease). In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Premises which have not been reimbursed by Tenant, is insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due.  If such consideration is greater than the amount necessary to pay the full amount of the monthly Rent, the full amount of such excess shall be retained by Landlord and shall in no event be payable to Tenant.

  
D. Termination of Lease.  If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, an accelerated lump sum amount equal to the amount by which Landlord's reasonable estimate of the aggregate amount of Rent owing from the date of such termination through the stated expiration date of the Term hereof plus Landlord's reasonable estimate of the aggregate expenses of reletting the Premises, exceeds Landlord's reasonable estimate of the fair rental value of the Premises for the same period (after deducting from such fair rental value the reasonable time needed to relet the Premises and the amount of reasonable concessions which would normally be given to a new tenant) both discounted to present value at the rate of five percent (5%) per annum.

  
E. Other Remedies.  During the continuance of a Default, and without limiting Landlord’s rights otherwise provided in Section 29.N. below or any other rights or remedies available to Landlord, Landlord may, but shall not be obligated to, perform any obligation of Tenant under this Lease, and, if Landlord so elects, all reasonable costs and expenses paid by Landlord in performing such obligation, together with interest at the Default Rate, shall be reimbursed by Tenant to Landlord on demand.  Any and all remedies set forth in this Lease:  (i) shall be in addition to any and all other remedies Landlord may have at law or in equity; (ii) shall be cumulative; and (iii) may be pursued successively or concurrently as Landlord may elect.  The exercise of any remedy by Landlord shall not be deemed an election of remedies or preclude Landlord from exercising any other remedies in the future.

  
F. Bankruptcy.  If a Bankruptcy Event occurs, the bankruptcy trustee shall not have the right to assume or assign this Lease 

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  unless the trustee complies with all requirements of the United States Bankruptcy Code, and Landlord expressly reserves all of its rights, claims and remedies thereunder.

  
G. Waiver of Trial by Jury.  To the fullest extent permitted by law, Landlord and Tenant waive trial by jury in the event of any action, proceeding or counterclaim brought by either Landlord or Tenant against the other in connection with this Lease.

  
H. Venue.  If either Landlord or Tenant desires to bring an action against the other in connection with this Lease, such action shall be brought in the federal courts located in Chicago, Illinois, or state courts located in Cook County, Illinois.  Landlord and Tenant consent to the jurisdiction of such courts and waive any right to have such action transferred from such courts on the grounds of improper venue or inconvenient forum.

  
I. Landlord Defaults.  The occurrence or existence of any one or more of the following shall constitute a "Landlord Default" under this Lease:  (i) Landlord fails to pay any amounts when due from Landlord to Tenant hereunder, and such failure continues for ten (10) business days after Tenant's delivery of written notice of such failure to Landlord; or (ii) Landlord fails to perform any of the other covenants of Landlord under this Lease and fails to cure such failure within thirty (30) days after written notice thereof from Tenant to Landlord (provided, however, if such failure is of a nature that is not reasonably capable of being cured within such 30-day period, and if Landlord commences to cure such failure within said 30-day period and thereafter diligently and continuously proceeds to cure such failure, then such 30 day period shall be extended for the time reasonably required to complete such cure, not exceeding, in any event, an additional 180 days) (which 180-day extension period shall be subject to further extension on account of Force Majeure delays, as and to the extent described in Section 29.K. below), so long as Landlord commences good faith efforts to cure within the initial 30-day period and diligently pursues efforts to cure within such additional period.  Upon any Landlord Default under this Lease, Tenant shall be entitled to exercise any and all remedies available to Tenant as expressly provided in this Lease or that would be available to Tenant at law or in equity (including, as permitted under applicable law, the right seek any declaratory, injunctive or other equitable relief, and specifically enforce this Lease, or restrain or enjoin a violation or breach of any provision hereof), subject however to any waivers or other limitations expressly set forth in this Lease (including the limitations expressly provided in Section 24 and Section 29.Q. hereof).

  
J. Waiver of Consequential and Punitive Damages.  Without limitation of the specific rights and remedies to which Landlord is entitled pursuant to the provisions of Section 20 hereof, in no event shall Tenant be liable for, and Landlord hereby waives any claim for, any consequential damages (including loss of profits or business opportunity) and punitive damages arising under or in connection with this Lease (provided that the foregoing shall not exclude any third party claim for consequential damages made against Tenant which is the subject of any indemnity of Landlord expressly set forth in this Lease).  Further, in no event shall Landlord be liable for, and Tenant hereby waives any claim for, any consequential damages (including loss of profits or business opportunity) and punitive damages arising under or in connection with this Lease (provided that the foregoing shall not exclude any third party claim for consequential damages made against Landlord which is the subject of any indemnity of Tenant expressly set forth in this Lease).

   

  20. HOLDING OVER.  Tenant shall not be permitted to holdover and the Tenant acknowledges it may not do so without the Landlord’s consent which may be denied for any reason or no reason. Notwithstanding the foregoing, if Tenant retains possession of the Premises after the expiration or termination of the Term or Tenant’s right to possession of the Premises, Tenant shall pay Rent during such holding over at (i) for up to the first three (3) months of such holding over, one hundred fifty percent (150%) of the most recent Base Rent (but not Additional Rent, which shall remain at then applicable amounts without inflation or penalty) in effect immediately preceding such holding over, computed on a monthly basis for each such month (or, if a partial month, on a prorated basis for such partial month) that Tenant remains in possession, and (ii) for any period of such holding over exceeding the holdover period described in subclause (i) above, two hundred percent (200%) of the most recent Base Rent (but not Additional Rent, which shall remain at then applicable amounts without inflation or penalty) in effect immediately preceding such holding over, computed on a monthly basis for each such additional month (or, if a partial month, on a prorated basis for such partial month) that Tenant remains in possession.  For any such holding over that exceeds thirty (30) days, Tenant shall also pay, indemnify and defend Landlord from and against all claims and actual damages sustained by reason of Tenant's holding over (it being understood that any out-of-pocket costs, expenses or damages or rental abatements due from Landlord to any tenant who will be leasing all or any portion of the Premises following the Term hereof shall be included in such damages being indemnified by Tenant hereunder).  At Tenant's request made at any time during the last six (6) months of the Term, Landlord shall notify Tenant of any leasing of the Premises (or any portion thereof) for a term commencing following the termination or expiration of the Term or of Tenant's right to possession hereunder, which may give rise to indemnification obligations of Tenant pursuant to this Section 20.  The provisions of this section do not waive Landlord's right of re entry or right to regain possession by actions at law or in equity or any other rights hereunder, and any receipt of payment by Landlord shall not be deemed a consent by Landlord to Tenant's remaining in possession or be construed as creating or renewing any Lease or right of tenancy between Landlord and Tenant.

   

  21. SECURITY DEPOSIT.  
 

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  A. Security Deposit.  Concurrent with Tenant’s full execution and delivery of this Lease, and as an express condition of Landlord’s obligation to fund any portion of the “Allowance” under the Workletter, Tenant shall deposit with Landlord either cash in the amount set forth in Section 1.O. or an unconditional and irrevocable letter of credit (the “Letter of Credit Security Deposit”) in the amount set forth in Section 1.O. in form and issued by a bank with a Chicago, Illinois office (i.e. wherein said letter of credit may be drawn) reasonably satisfactory to Landlord, as security for the full and faithful performance of every provision of this Lease to be thereafter performed by Tenant (the Letter of Credit Security Deposit, together with (1) any cash from time to time held by Landlord as part of the security deposit following a draw on the Letter of Credit Security Deposit or (2) any cash from time to time held by Landlord as part of the security deposit following Tenant’s election to deposit such cash as the required security deposit under this Section 21 is sometimes referred to herein as the “Security Deposit”).  Tenant shall have the right to elect, at its sole discretion, whether the foregoing Security Deposit otherwise required hereunder is delivered in the form of cash or in the form of a letter of credit, in any case meeting the requirements of this Section 21.  Upon the occurrence of any Default, Landlord may, as applicable, (i) use, apply or retain all or any part of the Security Deposit which is then held by Landlord in the form of cash (herein, the “Cash Security Deposit”), or (ii) draw on any Letter of Credit Security Deposit, in whole or in part, all to the extent necessary in Landlord’s reasonable judgment to cure such Default (provided that Landlord may draw upon any Letter of Credit Security Deposit in whole in the event Tenant defaults in its obligation to timely deliver a replacement letter of credit as required hereunder), and Landlord may use, apply or retain all or any part of the proceeds thereof, for the payment of any Rent and any other sum in Default, or for the payment of any other amount which Landlord may reasonably spend or become obligated to spend by reason of Tenant’s Default or to compensate Landlord for any other direct (but not indirect), loss or damage which Landlord may suffer by reason of Tenant’s Default.  If any portion of the Cash Security Deposit or proceeds from a draw on any Letter of Credit Security Deposit is so used or applied, Tenant shall, within thirty (30) days after written demand therefor, as applicable, deposit cash with Landlord in an amount sufficient to restore the Cash Security Deposit to its original amount or cause the issuing bank to restore any Letter of Credit Security Deposit to its original amount, and Tenant’s failure to do such shall be a “Default” under this Lease, without any additional notice or cure period required hereunder.  Landlord shall not be required to keep the Cash Security Deposit or any proceeds from a draw on the Letter of Credit Security Deposit separate from its general funds, and Tenant shall not be entitled to interest on either.  The Cash Security Deposit, the Letter of Credit Security Deposit, or any balance thereof after application toward any sums due hereunder, as applicable, shall be returned to Tenant within ten (10) business days after the expiration of the Term and Tenant’s vacation of the Premises.  Landlord shall deliver the Security Deposit to the purchaser of Landlord’s interest in the Building, in the event that such interest is sold, and thereupon Landlord shall be discharged from any further liability with respect to same but only if such purchaser acknowledges, in writing, its receipt of the Security Deposit and its agreement to be bound by the terms of this Lease with respect thereto.  Tenant hereby agrees not to look to any Mortgagee as mortgagee, mortgagee in possession, or successor in title to the Building for any Security Deposit unless such Security Deposit has actually been received by said Mortgagee or successor in title.  Landlord agrees to deliver the Security Deposit then being held by Landlord hereunder to any such Mortgagee on or before such time as it succeeds to Landlord’s interest hereunder.  Nothing herein shall be construed to limit the amount of damages recoverable by Landlord or any other remedy to the Security Deposit.  

   

  Any letter of credit delivered by Tenant hereunder as the Letter of Credit Security Deposit shall expire no earlier than twelve (12) months after issuance and shall provide for automatic renewals of one-year periods unless the issuer has provided Landlord written notice of non-renewal at least forty-five (45) days prior to the then expiration date (whereupon Tenant shall be obligated to provide a replacement letter of credit or a “Letter of Credit Extension”, as described below, meeting the requirements of this Section 21 no later than thirty (30) days prior to the expiration of the then outstanding and expiring letter of credit, as provided below).  Any subsequent replacement letter of credit shall expire no earlier than twelve (12) months from the expiration date of the then outstanding and expiring letter of credit and shall provide for automatic 1-year renewals as described above, it being understood that in lieu of replacing any letter of credit, Tenant may procure an amendment extending its expiration date and so providing for automatic 1-year renewals (each a “Letter of Credit Extension”).  Tenant shall ensure that at all times during the Term of this Lease and for fifteen (15) business days after expiration of the Term, cash or one or more unexpired letters of credit in the aggregate amount of the Security Deposit required hereunder shall have been delivered to Landlord.  To the extent that Tenant is obligated to furnish a replacement Letter of Credit Security Deposit hereunder, Tenant shall deliver cash, a Letter of Credit Extension or a replacement letter of credit to Landlord no later than thirty (30) days prior to the expiration date of the then outstanding and expiring letter of credit; provided, however, that a replacement letter of credit shall not be required to have an effective date earlier than the expiration date of the then existing letter of credit being so replaced (it being the intent that Tenant not be required to have two outstanding letters of credit covering the same required Security Deposit amount at any one time).  Failure by Tenant to deliver cash, any Letter of Credit Extension or any replacement letter of credit as required above shall entitle Landlord to draw under the outstanding letter(s) of credit and to retain the entire proceeds thereof as the Cash Security Deposit under this Lease (provided that Tenant shall thereafter continue to have the right to substitute a Letter of Credit Security Deposit for such Cash Security Deposit then being held by Landlord, and Landlord may thereafter demand such substitution, all in accordance with the requirements of this Section 21).  Each letter of credit shall be for the benefit of Landlord and its successors and assigns, shall be expressly transferable (but only to a Mortgagee or one or more transferee(s) that is a successor in interest to landlord under this Lease) without any cost to the transferor or transferee thereof, and shall entitle Landlord or its successors or assigns to draw from 

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  time to time under the letter of credit in portions or in whole upon presentation of a sight draft.
 

  22. HAZARDOUS SUBSTANCES; ADA. 

  
A. Hazardous Substances.  Except for Landlord’s obligations expressly described in Sections 22.B. hereof, Tenant shall comply, at its sole expense, with all laws relating to the protection of public health, safety and welfare and with all environmental laws in its use, occupancy and operation of the Premises.  Tenant agrees that no Hazardous Substances (as hereinafter defined) shall be used, located, stored or processed on the Premises or be brought into the Building by Tenant, other than office and cleaning supplies which are customarily located within office space in Comparable Buildings in Submarket (and then, only to the extent such cleaning supplies are stored and used in accordance with all applicable Laws).  Tenant further agrees that no Hazardous Substances will be released or discharged from the Premises (including, but not limited to, ground water contamination).  The term “Hazardous Substances” shall mean and include all hazardous and toxic substances, waste or materials, any pollutant or contaminant, including, without limitation PCB’s, asbestos and raw materials that include hazardous constituents or any other similar substances or materials that are now or during the Term included under or regulated by any environmental Laws.  In the event that Tenant is notified of any investigation or violation of any environmental law arising from Tenant’s activities at the Premises, Tenant shall promptly deliver to Landlord a copy of such notice.  In such event or in the event Landlord, in good faith, believes that a violation of environmental Law exists arising based upon Tenant’s activities, Landlord may, upon notice to Tenant, conduct such tests and studies relating to compliance by Tenant with environmental Laws or the alleged presence of Hazardous Substances upon the Premises as Landlord reasonably deems necessary or desirable, and to the extent any such tests and studies indicate non compliance by Tenant with environmental laws or the presence of Hazardous Substances upon the Premises based upon Tenant’s activities, then such tests and studies shall be completed at Tenant’s expense.  Landlord’s inspection and testing rights are for Landlord’s own protection only, and Landlord has not, and shall not be deemed to have, assumed any responsibility to Tenant or any other party for compliance with environmental laws, as a result of the exercise, or non exercise of such rights.  Tenant shall indemnify, defend, protect and hold harmless Landlord, its constituent members, and their respective officers, directors, members, shareholders, agents, employees, successors and assigns, from and against any and all loss, claim, expense, liability and costs (including reasonable attorneys' fees) arising out of or in any way related to the presence of any Hazardous Substance introduced to the Premises during the Term by Tenant, its agents, employees, contractors or invitees.

  
B. Landlord Responsibility.  Subject to the terms of Section 22.A. above, Landlord agrees, as to any Hazardous Substances (as now defined) existing in the Premises or the Building or the Property on the Turnover Date, to remove or otherwise remediate such Hazardous Substances to the extent required by law (as now existing), at Landlord's sole cost and expense (and not as part of “Expenses” hereunder).  Further, Landlord agrees, as to any Hazardous Substances existing in the Common Areas from time to time, in each case to the extent not caused by Tenant or its employees, agents or contractors, to remove or otherwise remediate such Hazardous Substances to the extent required by law (as existing from time to time, as to the aforedescribed removal/remediation obligations within the Common Areas), at Landlord's sole cost and expense (but subject to inclusion as part of Expenses hereunder, as and to the extent otherwise permitted under Section 5 hereof). Tenant shall cooperate with Landlord in allowing proper access to the Premises to perform the foregoing removal or remediation activities, and shall use reasonable efforts not to take any action which may worsen any such environmental condition once discovered.  Landlord shall restore any damage caused to the Building as a result of such action by Landlord under this Section 22.B.  In any entry into the Premises under this Section 22.B., Landlord shall use commercially reasonable efforts to minimize interference with Tenant's business operations or other activities at the Premises.  Tenant shall have no claim against Landlord for any failure by Landlord to remove or otherwise remediate Hazardous Substances as required under this Section, unless such Hazardous Substances are located in the Premises or such failure otherwise adversely affects, in any material respect, Tenant's use of the Common Areas or adversely affects, in any material respect, any other rights or obligations of Tenant hereunder.  Without limitation of the foregoing, during construction of the Tenant's Work, Landlord shall, following notice thereof from Tenant, remove or otherwise remediate, at Landlord's sole cost and expense, any Hazardous Substances existing in the Premises on the Turnover Date in violation of applicable law as of the time of delivery of the Premises to Tenant on the Turnover Date (herein, "Violation Hazardous Substances"), as necessary to allow Tenant to construct the Tenant's Work in a safe, lawful, and professional manner.  In the event any such required abatement or removal by Landlord as described in the preceding sentence results in a delay in the completion of the Tenant's Work, then such activities of Landlord shall constitute "Landlord Delay", all as and to the extent described and provided in Paragraph 4 of the Workletter. Without limitation of the foregoing, if Tenant discovers any Hazardous Substances at the Premises during the course of Tenant's Work which were in compliance of applicable law as of the time of delivery of the Premises to Tenant on the Turnover Date (“Non-Violation Hazardous Substances”), then, to the extent Tenant reasonably determines that the cost of the Tenant's Work will be increased, in any material respect, as a result of having to work around, or to otherwise remove or remediate, such Non-Violation Hazardous Substances, or that the timing for completion of the Tenant's Work will be delayed, in any material respect, as a result of having to work around, or to otherwise remove or remediate, such Non-Violation Hazardous Substances, then, in either such case, Landlord shall, following notice thereof from Tenant, remove or otherwise remediate, at Landlord's sole cost and expense (and not as part of ‘Expenses” hereunder), any such Non-Violation Hazardous Substances, as necessary to allow Tenant to construct the Tenant's Work in a safe, lawful and professional manner.  In the event any such required abatement or removal by Landlord as described in the preceding sentence results in a delay in the completion of the Tenant's Work, then such 

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  activities of Landlord shall constitute "Landlord Delay", all as and to the extent described and provided in Paragraph 4 of the Workletter.  Notwithstanding anything contained herein to the contrary, if Landlord is notified of either Violation Hazardous Substances or Non-Violation Hazardous Substances, Landlord may elect, in lieu of Landlord performing the abatement/remediation work described above in this paragraph, to have Tenant perform the abatement or remediation obligations of Landlord otherwise outlined above, in which case, (i) Tenant shall retain a reputable remediation/abatement provider which is reasonably acceptable to Landlord to perform such abatement or remediation activities, which shall include a scope of work reasonable approved by Landlord, and (ii) Landlord shall be responsible for payment of all reasonable out of pocket costs and expenses payable from time to time by Tenant to such remediation/abatement provider in connection with such remediation/abatement work, which payment(s) shall be made within thirty (30) days after receipt of reasonable supporting evidence of the amounts then due and owing (and upon receipt of appropriate lien waivers from such remediation/abatement provider covering all amounts then due and owing to such remediation/abatement provider), and (iii) subject to the next succeeding sentence hereof, any delay in substantial completion of the Tenant's Work caused solely as a result of such remediation/abatement work being performed by Tenant shall be treated the same as a "Landlord Delay" under Paragraph 4 of the Workletter, as and to the extent the same would have been a Landlord Delay in the event the delays in substantial completion of the Tenant's Work were the result of the Landlord performing such remediation/abatement work, all as and to the extent described and provided in Paragraph 4 of the Workletter.  Without limitation of the foregoing, (A) Tenant agrees to use reasonable efforts to work around any Hazardous Substances at the Premises once discovered or known to Tenant, in a manner that complies with Law and that minimizes the costs and delay of remediation/abatement required at the Premises while continuing to provide a safe working environment and allowing for the completion of Tenant’s Work, and (B) whether or not any abatement/remediation work under this paragraph is performed by Landlord or Tenant, Tenant agrees to use commercially reasonable efforts to perform Tenant’s Work, including reasonable acceleration efforts (provided that any additional reasonable out of pocket cost of such acceleration efforts, to the extent approved by Landlord in advance, shall be paid by Landlord, and provided further, that Tenant shall not be required to take any such acceleration efforts for which Tenant will incur reasonable additional out of pocket costs, if Landlord has been specifically requested to so approve such costs and Landlord fails to give Tenant such approval), in a manner to minimize the costs and expenses associated with any Hazardous Substances removal/remediation activities and to minimize any possible claim of "Landlord Delay" hereunder.

  
C. Americans With Disabilities Act.  Landlord and Tenant acknowledge that the Americans With Disabilities Act of 1990 (42 U.S.C. §12101 et seq.) and regulations and guidelines promulgated thereunder, as all of the same may be amended and supplemented from time to time (collectively referred to herein as the "ADA"), establish requirements for business operations, accessibility and barrier removal, and that such requirements may or may not apply to the Premises and the Building depending on, among other things: (1) whether Tenant's business is deemed a "public accommodation" or "commercial facility", (2) whether such requirements are "readily achievable", and (3) whether a given alteration affects a primary function area or triggers "path of travel" requirements.  The parties hereby agree that: (a) Landlord shall be responsible for ADA Title III compliance in the Common Areas of the Building, except as provided below, and Landlord shall perform all work required for such compliance, (b) Tenant shall be responsible for ADA Title III compliance in the Premises, including the Tenant's Work and any other leasehold improvements or other work to be performed in the Premises under or in connection with this Lease; provided that Landlord shall be responsible for any violations of ADA existing at the Premises immediately prior to the Turnover Date hereunder, (c) Landlord may perform, or require that Tenant perform, and Tenant shall be responsible for the cost of ADA Title III "path of travel" requirements triggered by the Tenant's Work or any other tenant improvements or alterations in the Premises (provided that Tenant shall have no responsibility under this subclause (c) with respect to any Tenant’s Work or other tenant improvements or alterations in the Premises which consists of reasonably customary and standard tenant buildout at the Building and at other Comparable Buildings), and (d) Landlord may perform, or require Tenant to perform, and Tenant shall be responsible for the cost of ADA Title III compliance in the Common Areas of the Building necessitated by the Building or the Premises being deemed to be a "public accommodation" instead of a "commercial facility" solely as a result of Tenant's particular use of the Premises (as distinguished from general office use).  Tenant shall be solely responsible for requirements under Title I of the ADA relating to Tenant's employees.
 

  23. ESTOPPEL CERTIFICATE.  Tenant agrees that, from time to time upon not less than ten (10) business days’ prior request by Landlord, Tenant shall execute and deliver to Landlord a written certificate, in the form supplied by Landlord, certifying:  (i) that this Lease is unmodified and in full force and effect (or if there have been modifications, a description of such modifications and that this Lease as modified is in full force and effect); (ii) the dates to which Rent has been paid; (iii) that Tenant is in possession of the Premises, if that is the case; (iv) whether or not there is any existing default on the part of Landlord of which Tenant is aware; (v) that Tenant has no off sets or defenses to the performance of its obligations under this Lease, or state any claimed off-sets or defenses in reasonable detail; (vi) that the Premises have been completed in accordance with the terms and provisions hereof, including any separate tenant construction agreement or workletter (if applicable) entered into between Landlord and Tenant, that Tenant has accepted the Premises and the condition thereof and of all improvements thereto and has no claims against Landlord or any other party with respect thereto, or qualify any such statement to make the same true and correct; and (vii) such additional matters as may be reasonably requested by Landlord, it being agreed that such certificate may be relied upon by any prospective or existing: purchaser under written contract, investor, or mortgagee.  If Tenant fails to execute and deliver any such certificate within ten (10) business days after request, which 

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  failure continues for three (3) business days after a second request therefor, then such occurrence shall, at Landlord’s election, be deemed a “Default” hereunder, without any further notice or cure periods being required under this Lease.

   

  24. SUBORDINATION.

  
A. Subordination of Lease.  Landlord may have heretofore or may hereafter encumber with a mortgage or trust deed the Building, the Property, any part thereof or any interest therein, may sell and lease back the Property or any part thereof, and may encumber the leasehold estate under such a sale and leaseback arrangement with a mortgage or trust deed.  Any such mortgage or trust deed is herein called a "Mortgage" and the holder of any such mortgage or the beneficiary under any such trust deed is herein called a "Mortgagee."  Any such lease of the Property (or any part thereof) is herein called a "Ground Lease" and the lessor under any such lease is herein called a "Ground Lessor."  This Lease and the rights of Tenant hereunder shall be and are hereby expressly made subject to and subordinate at all times to any Mortgage and to any Ground Lease now or hereafter existing, and to all amendments, modifications, renewals, extensions, consolidations and replacements thereof, and to all advances made or hereafter to be made upon the security thereof.  Tenant agrees to execute and deliver to Landlord such further instruments consenting to or confirming the subordination of this Lease to any future Mortgage and to any future Ground Lease and containing such other reasonable provisions which may be requested in writing by Landlord within ten (10) business days after Tenant's receipt of such written request; provided that any such instrument shall also include recognition and non disturbance provisions to the effect that the Mortgagee or Ground Lessor, as the case may be, will not disturb Tenant's continued occupancy of the Premises and other rights and options under this Lease in accordance with the terms hereof so long as Tenant is not in Default hereunder (any such instrument, an "SNDA") (which execution and delivery by Tenant of such SNDA may, at such Mortgagee's or Ground Lessor's election, be a condition to such Mortgagee's or Ground Lessor's execution and delivery thereof), which SNDA provisions may contain such other terms and conditions as are contained in the Mortgagee's or Ground Lessor's customary form of subordination, non disturbance and attornment agreement, which may include, in any event, the provisions set forth below in this Section 24. Notwithstanding the foregoing or anything herein to the contrary, as to any Mortgage or Ground Lease to which this Lease is currently subordinate, as provided above, and, as to any future Mortgage or Ground Lease to which this Lease will become subordinate, as provided above, Landlord shall, at Tenant's written request, use reasonable efforts to obtain an SNDA meeting the requirements set forth above, within thirty (30) days following the date of such request by Tenant, duly executed on behalf of such Mortgagee and/or Ground Lessor (which execution and delivery by Tenant of such SNDA may, at such Mortgagee's or Ground Lessor's election, be a condition to such Mortgagee's or Ground Lessor's execution and delivery thereof).  In the event of a conflict between the terms of any SNDA in effect from time to time and the provisions of this Section 24, as between Tenant and such applicable Mortgagee or Ground Lessor, the terms of the SNDA shall control.

  
B. Notice of and Opportunity to Cure Defaults.  Tenant agrees that if Landlord defaults in the performance or observance of any covenant or condition of this Lease required to be performed or observed by Landlord hereunder, then, concurrently with any notice thereof sent by Tenant to Landlord, Tenant will also give written notice specifying such default by certified or registered mail, postage prepaid, to any Mortgagee or Ground Lessor of which Tenant has been notified in writing, and before Tenant exercises any right which Tenant may have on account of any such default of Landlord, such Mortgagee or Ground Lessor shall have an additional thirty (30) days after the later of (i) receipt of such notice thereof from Tenant, or (ii) the cure period, if any, provided to Landlord pursuant to this Lease, within which to cure such default (provided that if such default is non-monetary in nature and cannot be cured within that time, then before Tenant may exercise any right or remedy on account of such default, such Mortgagee or Ground Lessor shall have such additional time to cure such default as may be reasonably necessary, if, within such thirty (30) days, the Mortgagee or Ground Lessor has commenced and is diligently and continuously pursuing the remedies necessary to cure such default, including but not limited to commencement of foreclosure proceedings or other proceedings (which may include seeking the appointment of a receiver) to acquire possession of the mortgaged or leased estate, if necessary to effect such cure, which period of time shall be further extended by any period within which such Mortgagee or Ground Lessor is prevented from commencing or pursuing such foreclosure proceedings or other proceedings to acquire possession of the mortgaged or leased estate by reason of Landlord's bankruptcy).

  
C. Rights of Successors.  If any Mortgage is foreclosed, or Landlord's interest under this Lease is conveyed or transferred in lieu of foreclosure, or if any Ground Lease is terminated:

  
(i) no person or entity which as the result of any of the foregoing has succeeded to the interest of Landlord in this Lease (any such person or entity being hereafter called a "Successor") shall be liable for any default by Landlord or any other matter which occurred prior to the date such Successor succeeded to Landlord's interest in this Lease (subject to the terms set forth below in this subsection (i)), nor shall such Successor be bound by or subject to any offsets or defenses which Tenant may have against Landlord or any other predecessor in interest to such Successor (provided further, however, that nothing herein shall be deemed to limit such Successor's service or repair obligations under this Lease which are required to be performed from and after the date such Successor succeeds to Landlord's interest hereunder, and nothing herein shall limit, in any event, Tenant's exercise of any rental abatement expressly permitted under Section 8 of this Lease).

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(ii) upon request of any Successor, Tenant will attorn to such Successor, as Landlord under this Lease, subject to the provisions of this Section 24, and will execute and deliver such reasonable instruments as may be necessary or appropriate to evidence such attornment within ten (10) business days after receipt of a written request to do so.

  
(iii) no Successor shall be bound to recognize any prepayment by more than thirty (30) days of Base Rent or Additional Rent from the date when otherwise due hereunder.

  
(iv) no Successor shall be bound to recognize any amendment or modification of this Lease made during the term of the subject mortgage or ground lease without the written consent of the Mortgagee or Ground Lessor (as the case may be), other than amendments specifically contemplated by this Lease which have the effect of confirming or implementing the terms set forth herein (e.g., an amendment contemplated by Section 30 or Section 31 below).

  
(v) no Successor shall have any responsibility for the Security Deposit unless actually received by such Successor.

  
D. Subordination of Mortgage.  Notwithstanding anything to the contrary contained herein, any Mortgagee may subordinate, in whole or in part, its Mortgage to this Lease by sending Tenant notice in writing subordinating all or any part of such Mortgage to this Lease, and Tenant agrees to execute and deliver to such Mortgagee such further instruments consenting to or confirming the subordination of all or any portion of its Mortgage to this Lease and containing such other provisions which may be reasonably requested in writing by such Mortgagee within ten (10) business days after Tenant's receipt of such written request.

  
E. Liability of Mortgagee and Ground Lessor.  Whether or not any Mortgage is foreclosed or any Ground Lease is terminated, or any Mortgagee or Ground Lessor succeeds to any interest of Landlord under this Lease, no Mortgagee or Ground Lessor shall have any liability to Tenant for any Security Deposit paid to Landlord by Tenant hereunder, unless such Security Deposit has actually been received by such Mortgagee or Ground Lessor.

   

  
F. Immediate Default.  If Tenant fails within ten (10) business days after initial written demand therefor to execute and deliver any instruments as may be necessary to effectuate any of the covenants of Tenant set forth above in this Section 24 (including, without limitation, any subordination, non-disturbance and attornment agreement as described above), which failure continues for three (3) business days following a second written request therefor, then such failure shall, at Landlord's election, be deemed an immediate "Default" hereunder, without further notice or cure periods, subject to all rights and remedies of Landlord described in Section 19 hereof or otherwise available at Law or in equity.

   

  25. QUIET ENJOYMENT.  So long as neither this Lease nor Tenant's right to possession hereunder has expired or has then terminated, in accordance with the terms hereof, and no Default is in existence, Tenant shall peacefully and quietly have and enjoy the Premises for the Term, free from interference by Landlord and any Landlord Parties, as well as anyone claiming through Landlord, subject, however, to the provisions of this Lease.  The loss or reduction of Tenant’s light or view will not be deemed a disturbance of Tenant’s occupancy of the Premises nor will it affect Tenant’s obligations under this Lease or create any liability of Landlord to Tenant.

   

  26. BROKER.  Tenant represents to Landlord that Tenant has dealt only with the broker(s) set forth in Section 1 hereof (collectively, the “Broker”) in connection with this Lease and that, insofar as Tenant knows, no other broker represented Tenant to negotiate this Lease or is entitled to any commission in connection herewith.  Tenant agrees to indemnify, defend and hold Landlord and Landlord’s constituent partners and Landlord’s agents harmless from and against any claims for a fee or commission made by any broker, other than the Broker, claiming to have acted at the direction or on behalf of Tenant in connection with this Lease.  Landlord represents to Tenant that Landlord has dealt only with Broker in connection with this Lease and that, insofar as Landlord knows, no other broker represented Landlord to negotiate this Lease or is entitled to any commission in connection herewith.  Landlord agrees to indemnify, defend and hold Tenant and Tenant’s constituent members and agents harmless from and against any claims for a fee or commission made by any broker, including the Broker, claiming to have acted at the direction or on behalf of Landlord in connection with this Lease.  Landlord agrees to pay the Broker a commission in accordance with a separate agreement between Landlord and the Broker. 

   

  27. NOTICES.  All notices and demands to be given by one party to the other party under this Lease shall be given in writing, mailed or delivered to Landlord or Tenant, as the case may be, at their respective addresses set forth in Section 1.A.1. (Landlord) and Section 1.B.1. (Tenant) or at such other address as either party may hereafter designate.  Notices shall be delivered by hand or by United States certified or registered mail, postage prepaid, return receipt requested, or by a nationally recognized overnight air courier service.  Notices shall be considered to have been given upon the earlier to occur of actual receipt or rejection of receipt, or upon delivery or rejection of delivery.

   

  28. LANDLORD WORK; TENANT’S WORK.
 

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  A. Landlord Work.  Landlord has heretofore performed or caused to be performed, or agrees to hereafter perform or cause to be performed, at Landlord’s sole cost and expense, (i) certain work identified in Part A of Exhibit A hereto, as well as the requirements set forth in Section 4.C. hereof (herein, the “Pre-Turnover Date Work”), and (ii) certain work identified in Part B of Exhibit A hereto (herein, the “Pre-Commencement Date Work”) (the Pre-Turnover Date Work and Pre-Commencement Date Work, collectively, the “Landlord Work”), all substantially in accordance with the Landlord Work outline specifications (“Landlord Work Outline Specifications”) set forth in Part A and Part B (as the case may be) of said Exhibit A, as such Landlord Work Outline Specifications have been or are hereafter developed into final design drawings and plans and specifications, and as further modified from time to time.  For purposes of this Section, “Design Documents” shall mean the Landlord Work Outline Specifications as so developed into final design drawings and plans and specifications, and as further modified from time to time.  Landlord Work Outline Specifications and Design Documents are subject to such variations as required by applicable laws and/or as determined by the Landlord, acting in good faith, to be appropriate.  Landlord shall notify Tenant of any material adverse changes to the Design Documents which are not within the scope of the Landlord Work Outline Specifications (“Scope Changes”).  No Scope Changes shall be permitted which materially adversely affect Tenant’s rights and obligations as set forth in this Lease, unless Landlord obtains Tenant’s consent thereto (which consent shall not be unreasonably withheld, conditioned or delayed, and which consent shall be deemed given if Tenant fails to respond to a request for such consent within five (5) business days following such request by Landlord, and such failure continues for an additional three (3) business days after a second request for such consent given by Landlord to Tenant).

  
B. Substantially Complete.  Landlord agrees to Substantially Complete the Landlord Work (including both the “Pre-Turnover Date Work”, which Pre-Turnover Date Work shall also be subject to the terms of Section 28.C. below, as well as the “Pre-Commencement Date Work”), on or before the 15th business day prior to the stated Commencement Date described in Section 1 hereof, subject to extension for Force Majeure (as hereinafter defined).

  
(i) “Force Majeure” means any of the matters described in Section 29.K. below.

  
(ii) “Tenant Delay” means any of the following which continues for more than two (2) business days after notice (which may be email notice) to Tenant (1) any delay caused by any default by Tenant or its agents in Tenant’s obligations under this Lease, or (2) delays caused by the negligence or willful misconduct of Tenant or Tenant’s agents, contractors, architects, space planners, brokers, or consultants prior to the Commencement Date that adversely impact Landlord’s ability to Substantially Complete the Landlord Work.

  
(iii) “Substantial Completion” or “Substantially Complete” or “Substantially Completed” shall mean that the Landlord Work has been completed except for such details of construction, decoration or mechanical adjustments as would not materially interfere with the use of the Premises for the permitted uses under this Lease (collectively, "Punchlist Items") (it being understood and agreed that if Landlord Work within the Premises are Substantially Completed, and if the failure to Substantially Complete the balance of the Landlord Work does not affect Tenant's right to lawfully occupy the Premises for the conduct of business operations therefrom, then the Landlord Work shall be deemed Substantially Completed for purposes of this Lease).  If Substantial Completion is delayed in whole or in part by any Tenant Delay, then Substantial Completion shall be deemed to have occurred as of such date as the Landlord Work would have been so completed but for such Tenant Delay.  Substantial Completion shall be conclusively evidenced by a certificate of Landlord's architect.

  
C. Turnover; Tenant’s Work.  Landlord shall deliver possession of the Premises to Tenant on or before the Projected Turnover Date described in Section 1 hereof with the Pre-Turnover Date Work within the Premises being completed to the extent required in order for Tenant to legally and safely commence and proceed with the Tenant’s Work (hereinafter defined) in an orderly progression, without material interference or delay on account of the non completion of various components of the Pre-Turnover Date Work within the Premises.  The “Turnover Condition” shall be satisfied when all of the Pre-Turnover Date Work within the Premises has been so completed to the condition required in the first sentence of this Section 28.C.  The date Landlord actually tenders possession of the Premises to Tenant in such Turnover Condition as described in the preceding sentence is herein referred to as the “Turnover Date”.  Without limitation of the foregoing, Landlord hereby confirms that the Premises currently meet Turnover Condition as of the date of execution and delivery of this Lease by Landlord and Tenant, and, accordingly, the Premises will be delivered to Tenant in Turnover Condition on or before the Projected Turnover Date under this Lease.

  
Subject to the provisions of the Workletter regarding disbursement of the "Allowance" thereunder, Tenant shall, at its sole cost and expense, perform such work as may be necessary or desired by Tenant to improve the Premises for initial occupancy, all subject to and in accordance with the provisions of this Lease, including, without limitation, the provisions of the Workletter attached hereto.  All work referred to in this subparagraph, which work is to be constructed within a period following the Turnover Date and prior to the six (6) months following the Commencement Date (or which work was disclosed in “Plans approved by Landlord under the Workletter, but which work has not been completed as of such 6-month anniversary of the Commencement Date, whether due to Force Majeure delays or otherwise, provided Tenant is diligently continuing to performing such work), is hereinafter referred to as "Tenant's Work".  Tenant, at Tenant's option, may retain Landlord as construction manager for all or 

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  any portion of Tenant's Work, if Landlord agrees to perform such construction management services, all as more particularly described in the Workletter. The Tenant’s Work shall include, in any event, the work described in Part C of Exhibit A (the “Landlord Funded Tenant’s Work”), which Landlord Funded Tenant’s Work shall be performed in accordance with the same terms of this Lease and the Workletter attached hereto as applicable to the balance of the Tenant’s Work, and completed, in any event, on or before the Commencement Date hereunder, all subject to extension for Force Majeure.  Landlord agrees to pay or reimburse Tenant for the actual documented out-of-pocket cost and expense directly and solely incurred by Tenant with respect to performance of the Landlord Funded Tenant’s Work, which payment by Landlord shall be made in accordance with the same terms and conditions as applicable to funding of the Allowance under the Workletter, provided that such payment obligation of Landlord under this sentence (and under Part C of Exhibit A) shall be based on cost quotations that are preapproved by Landlord, such approval not to be unreasonably withheld, conditioned, or delayed, and based on corresponding paid invoices.

  
D. Early Occupancy.  Any use and occupancy of the Premises by Tenant from and after the Turnover Date and prior to the Commencement Date shall be subject to each and all of the terms and provisions of this Lease applicable to the Premises during the Term, except that:  (i) Tenant shall have no obligation to pay Base Rent or Additional Rent with respect to the Premises for any such period prior to the Commencement Date, and (ii) except as provided in this paragraph, Landlord shall have no obligation to furnish any janitorial or other Building services to the Premises at any time prior to the Commencement Date.  Notwithstanding the foregoing, but subject to the last sentence of this Section 28.D. below, Tenant shall have the right to occupy any portions or all of the Premises for the conduct of business operations therefrom prior to the Commencement Date; provided that Tenant’s occupancy of any portion of the Premises for the conduct of its business prior to the Commencement Date shall only occur if it is then lawful to do so and if the Building is then completed to the extent necessary such that Landlord is reasonably capable of providing the Building services required under this Lease.  Subject to the terms of the preceding sentence and the terms of the last sentence of this Section 28.D., if Tenant elects to occupy any portions or all of the Premises for the conduct of business operations therefrom prior to the Commencement Date, then Tenant shall give not less than two (2) business days’ prior notice thereof to Landlord, and Landlord agrees to furnish, to the Premises, janitorial and other Building services otherwise required of Landlord hereunder, as of the date when such operations are to commence and Tenant has requested for Landlord to begin furnishing such services (such date, the “Early Occupancy Date”) and through the date immediately preceding the Commencement Date, whereupon Tenant shall be obligated to pay Landlord, for the entire Premises an agreed upon user charge on account of janitorial and other Expenses associated with Tenant’s occupancy (the “Early Occupancy Charge”) in the amount of the Early Occupancy Charge set forth in Section 1.Q. above (prorated on a per diem basis for any partial calendar month), for the period from and after the Early Occupancy Date and through the date immediately preceding the Commencement Date.  Payment of the Early Occupancy Charge shall be paid monthly, in advance (with the first payment being due and owing on or before the Early Occupancy Date) in accordance with the same terms as applicable to payment of Base Rent hereunder, and shall be deemed “Rent” for purposes of this Lease.  Tenant shall, in any event, be required to pay (i) electricity charges for the Premises for all periods from and after the Turnover Date and prior to the Commencement Date, which payments shall be made directly to the electrical utility company pursuant to separate metering covering all such space, and (ii) any after-hours' HVAC costs based on after-hours' HVAC service furnished to the Premises at any time following the Early Occupancy Date and prior to the Commencement Date at Tenant's request therefor (which terms and provisions governing after hours' HVAC prior to the Commencement Date shall be the same after hours' HVAC terms and provisions (including charges) as would apply during the Term pursuant to Section 8.D. above, and which after hours' HVAC charges shall be payable by Tenant to Landlord within thirty (30) days following Landlord's written request therefor from time to time).  Without limitation of the foregoing terms of this paragraph, all terms and provisions of this Lease (including, without limitation, Tenant's obligation to pay Base Rent, Additional Rent and all other charges due and owing from Tenant as set forth herein, and Landlord's obligation to furnish all base Building services required to be furnished by Landlord hereunder) with respect to the Premises shall, in any event, apply for the period from and after the Commencement Date and thereafter through the Term of this Lease.  Notwithstanding the foregoing or anything in this Lease to the contrary, in no event shall Tenant be permitted to occupy the Premises for the conduct of any business operations therefrom at any time prior to the ninetieth (90th) day following the Turnover Date, unless Landlord otherwise agrees, in writing, at Landlord's sole discretion.

  
E. Turnover Date; Substantial Completion; Defects.

  
(i) Upon written notice from Landlord that the Landlord Work is Substantially Completed, the parties shall inspect the Premises and prepare a punchlist of any Punchlist Items. The punchlist shall list any incomplete detail of construction, necessary mechanical adjustments and needed finishing touches relative to the Landlord Work. If the parties are unable to agree on the Turnover Date, the date of Substantial Completion or Punchlist Items, the matter shall be resolved by Landlord’s architect, whose decision shall be final and binding upon the parties. Landlord will complete the Punchlist Items within a reasonable time after the Commencement Date. Landlord shall, in any event, use reasonable efforts to complete such Punchlist Items within 30 days (or longer if diligently and continuously pursuing completion of said items) after written notice from Tenant.

  
(ii) Notwithstanding anything to the contrary, Tenant shall have one (1) year from of the Commencement Date in which to discover and notify Landlord of any patent and/or latent defects in the Landlord Work within or otherwise serving the 

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  Premises. Landlord, at Landlord’s sole cost and expense (not to be treated as Expenses) shall be responsible for the correction of any such patent and/or latent defects with respect to which it received timely notice from Tenant within a reasonable time frame.  Landlord shall, in any event, use reasonable efforts to correct such latent defects within 30 days (or longer if diligently and continuously pursuing completion of said items) after such written notice from Tenant.

   

  29. MISCELLANEOUS.

  
A. Successors and Assigns.  Subject to Section 17 of this Lease, each provision of this Lease shall extend to, bind and inure to the benefit of Landlord and Tenant and their respective legal representatives, successors and assigns, and all references herein to Landlord and Tenant shall be deemed to include all such parties.

  
B. Entire Agreement.  This Lease, and the riders and exhibits and Guaranty, if any, attached hereto which are hereby made a part of this Lease, represent the complete agreement between Landlord and Tenant, and Landlord has made no representations or warranties except as expressly set forth in this Lease.  No modification or amendment of or waiver under this Lease shall be binding upon Landlord or Tenant unless in writing signed by Landlord and Tenant.

  
C. Time of Essence.  Time is of the essence of this Lease and each and all of its provisions.

  
D. Counterparts.  Submission of this instrument for examination or signature by Tenant does not constitute a reservation of space or an option for Lease, and it is not effective until execution and delivery by both Landlord and Tenant.  This Lease may be executed in one or more counterparts, each of which shall be deemed an original, but all of which when taken together will constitute one and the same instrument bearing the date first indicated above.  An executed counterpart of this Lease transmitted by pdf or other electronic transmission (including, without limitation, DocuSign or similar electronic signatures) shall be deemed an original counterpart and shall be as effective as an original counterpart of this Lease and shall be legally binding upon the parties hereto to the same extent as delivery of an original counterpart.

  
E. Execution and Delivery.  Intentionally omitted.

  
F. Severability.  The invalidity or unenforceability of any provision of this Lease shall not affect or impair any other provisions.

  
G. Governing Law.  This Lease shall be governed by and construed in accordance with the laws of the State of Illinois.

  
H. Attorneys’ Fees.  In any litigation between the parties regarding this Lease, the non-prevailing party shall pay to the prevailing party all reasonable expenses and court costs including reasonable attorneys’ fees incurred by the prevailing party.  A party shall be considered the “prevailing party” if: (a) it initiated the litigation and substantially obtains the relief it sought, either through a judgment or the losing party’s voluntary action before trial or judgment; or (b) the other party who initiated the litigation withdraws its action without substantially obtaining the relief it sought. Without limitation of the foregoing, (A) Tenant shall pay to Landlord all costs and expenses, including reasonable attorneys' fees, incurred by Landlord in successfully enforcing this Lease or incurred by Landlord as a result of any litigation in which Tenant causes Landlord, without Landlord's fault, to become involved, and (B) Landlord shall pay to Tenant all costs and expenses, including reasonable attorneys' fees, incurred by Tenant in successfully enforcing this Lease or incurred by Tenant as a result of any litigation in which Landlord causes Tenant, without Tenant's fault, to become involved.
 

  I. Delay in Possession.  Intentionally omitted.
 

  J. Tenant; Joint and Several Liability.  The word “Tenant” whenever used herein shall be construed to mean Tenants or any one or more of them in all cases where there is more than one Tenant; and the necessary grammatical changes required to make the provisions hereof apply either to corporations or other organizations, partnerships or other entities, or individuals, shall in all cases be assumed as though in each case fully expressed.  In all cases where there is more than one Tenant, the liability of each shall be joint and several and any one person or entity comprising Tenant may give any notice or approval required or permitted to be given by Tenant under this Lease and such notice or approval shall be deemed binding upon all persons or entities comprising Tenant and may be relied upon by Landlord as if such notice or approval had been given by all persons or entities comprising Tenant.
 

  K. Force Majeure.  Without limiting or being limited by any of the provisions of this Lease, if Landlord or Tenant fails to perform timely any of the terms, covenants or conditions of this Lease on Landlord’s or Tenant’s part to be performed (other than any financial obligation or obligation of either party to pay any amounts due hereunder), and if such failure is due in whole or in part to any events beyond such party’s reasonable control, which may include any strike, lockout, labor trouble, civil disorder, riot, insurrection, act of terrorism, war, accident, fire or other casualty, adverse weather conditions, act of God, governmental inaction, restrictive governmental law or regulation, Health or Other Emergency (as defined below), inability to procure electricity, gas or 

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  other fuel or water or other utilities at the Building after reasonable effort to do so, act or event caused directly or indirectly by the default of the other party or any of the other party’s employees, agents, licensees, invitees or contractors, or any act or failure to act of any Project Owner that is not otherwise an affiliate of Landlord (provided that Landlord shall use good faith efforts to enforce any legally required compliance of such Project Owner, if applicable), or any other cause beyond the reasonable control of such party who has failed to so perform, then such party shall not be deemed in default under this Lease as a result of such failure and any period of time which is provided for performance shall be extended accordingly, provided that such party is using reasonably diligent efforts to cure such failure to the extent reasonably practicable under the circumstances.  Nothing in this Section 29.K. shall affect, in any manner, such party’s obligations to pay amounts otherwise due and owing under this Lease as and when due, and failure to timely pay such amounts shall not be subject to “Force Majeure” delays or extensions.  Further, it is hereby agreed that nothing in this Section 29.K. shall affect or extend the timeframe for either party’s right to terminate this Lease if such right is specifically provided for in any provision of this Lease.  For purposes hereof, “Health or Other Emergency” shall mean an event resulting in a directive, issued by a governmental body having the authority to issue it, that restricts the movements or activities of Landlord or Tenant (or either such party’s respective agents, employees, contractors or other service providers), due to public health or other emergency, in a way that prevents or delays the performance of their respective obligations under this Lease.

  
L. Captions.  The headings and titles in this Lease are for convenience only and shall have no effect upon the construction or interpretation of this Lease.

  
M. No Waiver.  No receipt of money by Landlord from Tenant after termination of this Lease or Tenant’s right to possession or after service of any default notice, or after the commencing of any suit or after final judgment for possession of the Premises shall renew, reinstate, continue or extend the Term or affect any such notice or suit.  No waiver of any default of Tenant or Landlord shall be implied from any omission by the non-defaulting party to take any action on account of such default if such default persists or be repeated, and no express waiver shall affect any default other than the default specified in the express waiver and then only for the time and to the extent therein stated.

  
N. Landlord.  The term "Landlord" as used in this Lease means only the owner of Landlord's interest in the Premises from time to time.  In the event of any assignment, conveyance or sale, once or successively, of Landlord's interest in the Premises and assignment of this Lease by Landlord, said Landlord making such assignment, conveyance or sale shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing after such assignment, conveyance or sale.  In such event, Tenant agrees to look solely to such assignee, grantee or purchaser, with respect thereto (provided that Tenant shall remain entitled to all set-off or rental abatement rights expressly set forth in this Lease and otherwise accruing prior to such assignment, conveyance or sale, subject however, in any event, to the terms of Section 24 hereof).  The holder of a mortgage on the Building shall not be deemed such an assignee, grantee or purchaser under this Section 29.N unless and until the foreclosure of the mortgage or the conveyance or transfer of Landlord's interest under this Lease in lieu of foreclosure (or by virtue of the Mortgagee becoming a "mortgagee in possession"), and then subject to the provisions of Section 24 hereof.  This Lease shall not be affected by any such assignment, conveyance or sale, and, so long as the terms of this Section 29.N. have been complied with, Tenant agrees to attorn to the assignee, grantee or purchaser.  In the event of a conflict between the terms of any SNDA in effect from time to time pursuant to Section 24 above and the provisions of this Section 29.N., as between Tenant and such applicable Mortgagee or Ground Lessor, the terms of the SNDA shall control.

  
O. Landlord’s Right to Perform Tenant’s Duties.  Without limiting Landlord’s rights under Section 19 during the existence of a “Default” by Tenant hereunder, if Tenant fails to timely perform any of its duties under this Lease, and if such failure affects any other Project Owners (including the adjacent owner in the Project currently known as Macy’s), the Building structure, Building Systems, any other tenant's premises or the Common Areas of the Building, or otherwise creates, in Landlord’s good faith determination, an Emergency Situation (as defined in Section 8.D. above), then Landlord shall have the right (but not the obligation), upon five (5) business days’ notice to Tenant and Tenant’s failure to perform within said five (5) business day period (except that no such notice or cure period shall be required in the case of an Emergency Situation as described above), and without limiting any other rights or remedies available to Landlord, to perform such duty on behalf and at the expense of Tenant without further prior notice to Tenant, and all out-of-pocket sums expended or expenses incurred by Landlord in performing such duty shall be deemed to be additional Rent under this Lease and shall be due and payable upon demand by Landlord.

  
P. Landlord Access to Premises.  Landlord or Landlord's agents shall have the right to enter upon the Premises, to measure the Premises, to inspect the Premises, to perform janitorial and other services and to make such repairs, alterations, improvements or additions to the Premises and/or the Building (including Building Systems, Project Mechanical Areas and/or other core and shell items) as Landlord may deem necessary or desirable without such action constituting an eviction of the Tenant in whole or in part or giving rise to an abatement of Rent, by reason of loss or interruption of business of the Tenant, or otherwise, provided that such entry shall not adversely affect in any material respect the conduct of Tenant's business from the Premises. Landlord shall also have the right at any time without the same constituting an actual or constructive eviction and without incurring any liability to Tenant therefor, to change the arrangement and/or location of entrances or passageways, doors and doorways, and corridors, 

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  elevators, stairs, toilets or public parts of the Building, and to close entrances, doors, corridors, elevators or other facilities, provided that such action shall not interfere with Tenant's access to the Premises or the Building in a material adverse manner.  In any entry into the Premises under this Section 29.P. (other than in the case of an Emergency Situation, as defined in Section 8.D. above (or perceived Emergency Situation), whereupon Tenant shall be entitled to prompt written (which may be by email) notice after such entry) or to perform janitorial, cleaning or other services required of Landlord hereunder), Landlord shall (1) give reasonable notice to Tenant, commensurate with the circumstances, but in no event less than 24 hour prior written (which may be by email) notice, prior to entry upon the Premises under this Section 29.P., and (2) use all reasonable efforts to minimize any interference with Tenant's use of and business operations at the Premises during the course of any actions taken within the Premises under this Section 29.P., provided further, however, that Landlord in no event shall be required to conduct any such work or other activities at hours other than ordinary business hours unless such work or other activities would materially interfere with Tenant's conduct of business at the Premises and is not of a nature that needs to be done on an emergency basis and is not a service otherwise required of Landlord hereunder, in which event Landlord shall perform such work or other activities after ordinary business hours, at no additional cost to Tenant on account thereof, other than as part of "Expenses" as and to the extent otherwise permitted hereunder. Notwithstanding the foregoing, Tenant shall be entitled to condition Landlord's access right (except for any Emergency Situation (or perceived Emergency Situation) or to perform janitorial, cleaning or other services required of Landlord hereunder) to require a representative of Tenant to be present and supervise any such entry by Landlord pursuant to this Section 29.P. In any entry into the Premises under this Section 29.P. to make repairs, alterations, improvements or additions to, or outside of, the Premises and/or the Building (including Building Systems, Project Mechanical Areas and/or other core and shell items), other than in the case of an Emergency Situation, as defined in Section 8.D. above (or perceived Emergency Situation), if such entry non-Emergency Situation results in a material impairment to Tenant’s ability to conduct Tenant’s customary business operations at the Premises or any applicable portion thereof, and Tenant actually ceases to conduct any of its customary operations from the Premises as a result thereof for a period of four (4) consecutive business days, then, as Tenant's sole recourse therefor, Base Rent and Additional Rent shall abate as of the fifth (5th) consecutive business day of the interruption and thereafter until such time as Landlord’s entry for such repairs, alterations, improvements or additions ceases, such that the material impairment no longer exists, or until Tenant again occupies any portion of the Premises for the conduct of any of such previously discontinued customary business operations therefrom (whichever first occurs).

  
Q. Limitation of Liability.  Any liability of Landlord under this Lease shall be limited solely to its interest in the Building, and in no event shall any personal liability be asserted against Landlord in connection with this Lease nor shall any recourse be had to any other property or assets of Landlord.  Assets of a Landlord which is a partnership or limited liability company do not include the assets of the partners or members of such Landlord, and any negative capital account of a partner or member in a partnership or limited liability company which is a Landlord, and any obligation of a partner or member to contribute capital to the partnership or limited liability company which is Landlord, shall not be deemed to be assets of the partnership or limited liability company which is the Landlord.  No directors, officers, employees, managers, members, partners, agents, shareholders or owners of any corporation, limited liability company or partnership which is respectively Landlord, the Management Company and/or any Project Owners shall have any personal liability arising from or in connection with this Lease.

  
R. Prohibited Persons and Transactions.  Tenant and Landlord (each, a “Representing Party”) each represents and warrants to the other (i) that neither the Representing Party nor any person or entity that directly owns a ten percent (10%) or greater equity interest in it, nor any of its officers, directors, members of its board of managers or managing members, is a person or entity (each, a “Prohibited Person”) with whom U.S. persons or entities are restricted from doing business under regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including those named on OFAC’s Specially Designated and Blocked Persons List) or under any statute, executive order (including Executive Order 13224 (the “Executive Order”) signed on September 24, 2001 and entitled “Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism”), or other governmental action, (ii) that the Representing Party’s activities do not violate the International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001 or the regulations or orders promulgated thereunder (as amended from time to time, the “Money Laundering Act”), and (iii) that throughout the term of the Lease the Representing Party shall comply with the Executive Order and with the Money Laundering Act.

  
S. Taxable REIT Subsidiary. If  Landlord or any affiliate of Landlord has elected to qualify as a real estate investment trust ("REIT"), any service required or permitted to be performed by Landlord pursuant to this Lease, the charge or cost of which may be treated as impermissible tenant service income under the laws governing a REIT, may be performed by an independent contractor of Landlord, Management Company, or a taxable REIT subsidiary that is affiliated with either Landlord or Management Company (each, a "Service Provider").  If Tenant is subject to a charge under this Lease for any such service, then, at Landlord's direction, Tenant will pay such charge either to Landlord for further payment to the Service Provider or directly to the Service Provider, and, in either case, (i) Landlord will credit such payment against any charge for such service made by Landlord to Tenant under this Lease, and (ii) such payment to the Service Provider will not relieve Landlord from any obligation under the Lease concerning the provisions of such service.

  
T. Landlord as Agent. Landlord may, at its discretion, act as agent for, or as trustee for, the Landlord Parties to the extent 

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  necessary to ensure that all waivers and indemnities included in their favor in this Lease are enforceable against the Tenant by them, and by the Landlord.

  
U. Partial Payment of Rent. Acceptance by Landlord of a lesser amount than the monthly payment of Rent herein stipulated and any endorsement or statement on any check or documentation accompanying any payment of Rent shall not be deemed an acknowledgement of full payment or an accord and satisfaction, and Landlord may accept such payment without prejudice to Landlord’s right to recover the balance of such Rent or to pursue any other remedy provided in this Lease.

  
V. Cellular Service.  Landlord, working in conjunction with one or more potential cellular service providers such a Verizon, AT&T or the like, shall commit to install, or cause to be installed, a Building DAS system, all within a reasonably practicable time frame.  Tenant shall be entitled to connect its own DAS system to the Building’s DAS and/or install a separate DAS within the Premises, all subject to the terms and conditions of the Workletter, including all Landlord approval rights thereunder (i.e., if Tenant’s work under this section is performed as part of the “Tenant’s Work” under this Lease) or the terms and conditions of Section 12 hereof, including all Landlord approval rights thereunder (i.e., if Tenant’s work under this section is performed as part of any future Tenant’ alterations under this Lease).  Upon installation of a DAS system within the Building by the Landlord, Tenant shall be entitled to connect to such DAS system in accordance with the terms set forth above in this Section 29.V.  Landlord makes no representations or warranties whatsoever relative to the effectiveness or operational utility of any such DAS.

  
W. Landlord’s Lien.  Landlord hereby waives any statutory landlord's lien against any of Tenant's personal property; provided that the foregoing shall not be deemed a waiver of any judgment liens that might inure to Landlord's benefit following a Default of Tenant hereunder.

  
X. Access.  Notwithstanding anything contained in this Lease to the contrary, so long as this Lease is in effect and neither this Lease nor Tenant’s right to possession of the Premises has been terminated,  Landlord shall not prohibit Tenant from having the right to access and use the Premises 24 hours a day, 7 days a week, 365 days a year, all at no additional cost to Tenant (other than Rent and other costs, expenses and charges provided hereunder), and all subject to temporary closures as a result of emergency conditions or as required by applicable Laws or other Force Majeure events, and all subject to casualty or condemnation events as otherwise contemplated by this Lease.

  
Y. No Re-Measurement.  Notwithstanding anything contained herein to the contrary, in no event shall Landlord be permitted to re-measure the Premises or the Building, or otherwise increase Tenant’s Proportionate Share herein; provided, however, Tenant’s Proportionate Share may be increased appropriately to reflect Tenant’s leasing additional space in the Building.

  
 

  30. RIGHT OF FIRST OFFER.  Subject to the provisions hereinafter set forth (including, without limitation, the terms of Section 30.I. below regarding the priority of certain rights of other tenants as therein described), Landlord hereby grants to Tenant the ongoing right to lease, on the terms and conditions hereinafter set forth, each portion of office space on the 9th floor of the Building (herein, the “First Offer Space”) which is not otherwise being leased by Tenant hereunder and which Landlord proposes to lease for any term commencing during the First Offer Period (as hereinafter defined).

  
A. If Landlord is in serious discussions with a party other than Tenant concerning a lease and/or an option to lease with respect to any portion of the First Offer Space for a term commencing during the First Offer Period (which shall include, in order to constitute serious discussions, delivery by such party to Landlord of a proposal or counterproposal for the leasing and/or granting of leasing options relative to such portion of the First Offer Space which Landlord is willing to accept, or the joint execution by Landlord and such party of a term sheet, letter of intent or other jointly signed proposal for the leasing and/or granting of leasing options relative to such portion of the First Offer Space, which in any such case under this parenthetical is referred to as a “Prospective Tenant Proposal”), and in any event prior to leasing and/or granting options to lease any portion of the First Offer Space for a term commencing during the First Offer Period, Landlord shall give Tenant written notice (“Landlord’s First Offer Notice”) of (i) the location and Rentable Square Feet of such portion of the First Offer Space, (ii) the date of commencement of the term of the demise, as determined by Landlord, with respect to such portion of the First Offer Space (the “First Offer Space Commencement Date”) (and, if applicable under Section 30.E.(iii) below, the expiration date of the term of such demise), (iii) unless the terms of Section 30.F. below apply (in which case Landlord shall instead identify, in the Landlord’s First Offer Notice, the Rent, abatements and allowance terms with respect to the subject First Offer Space as determined under said Section 30.F), the Market Rental Rate (as defined below) for such portion of the First Offer Space (determined as hereinafter provided, and including a description of any allowances, rent abatements and other concessions which are components thereof, as applicable), and (iv) such other terms and conditions upon which Landlord is prepared to lease to Tenant, including, without limitation, if applicable, any first offer and/or expansion rights relative to the First Offer Space which may be offered to a prospective tenant and which would be superior to Tenant’s first offer rights under this Section 30 if so accepted by such prospective tenant (the “Option Rights”).

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B. Tenant’s right to lease the First Offer Space described in Landlord’s First Offer Notice shall be exercisable by written notice from Tenant to Landlord of Tenant’s election to exercise said right (a “First Offer Exercise Notice”) given not later than fifteen (15) business days after Landlord’s First Offer Notice is given, time being of the essence.  If such right is not so exercised, Tenant’s right of first offer shall thereupon terminate as to such portion of the First Offer Space (except as hereinafter provided in this Section 30.B.), and Landlord may thereafter lease and release, and/or grant options to lease, such portion of the First Offer Space without notice to Tenant and free of any right in Tenant under this Section 30, except as hereinafter expressly provided in this Section 30.B.  If Landlord shall not have leased or granted options to lease any portion of the First Offer Space described in Landlord’s notice to Tenant given under Section 30.A. above, within the period ending twelve (12) months following the date of Landlord’s notice to Tenant regarding such First Offer Space, then Landlord agrees that it shall not enter into a lease or grant an option to lease with respect to such portion of such First Offer Space for a term commencing within the First Offer Period without again giving the Landlord’s First Offer Notice referred to in Section 30.A. above.  Further, if, during the twelve (12) month period described in the preceding sentence, any proposed lease relative to all or any portion of such First Offer Space contemplated to be entered into by Landlord with a third party prospect, has economic terms which are more favorable, on a so-called “net effective rent” basis (as hereinafter defined), from that set forth in the Landlord First Offer Notice by more than ten percent (10%) (with a variance of not more than ten percent (10%) being referred to as the “permitted net effective rent variance”), then Landlord agrees that it shall not enter into a lease or grant an option to lease with respect to such portion of such First Offer Space for a term commencing within the First Offer Period where the economic terms are more favorable, on a so-called “net effective rent” basis, beyond the permitted net effective rent variance, without again giving the Landlord’s First Offer Notice referred to in Section 30.A. above as and when provided thereunder.  For purposes hereof, “net effective rent” shall mean, generally, the average net rental rate under a lease, net of all tenant inducements (e.g., tenant improvement allowances, rental abatements, moving allowances, etc.), with the cost of such tenant inducements being appropriately amortized by Landlord, acting in good faith, over the lease term.

  
C. Tenant may not elect to lease less than the entire area of the First Offer Space described in a Landlord’s First Offer Notice, and if a third party lease would include all or a portion of the First Offer Space together with other space in the Building which is not First Offer Space, Tenant must exercise its right only with respect to such First Offer Space.  If Landlord’s First Offer Notice includes first offer or expansion “Option Rights,” then, if Tenant timely exercises its first offer rights hereunder pursuant to Landlord’s First Offer Notice for all First Offer Space described therein, Tenant shall be granted the same first offer and expansion Option Rights as set forth in said Landlord’s First Offer Notice.  In no event may Landlord hereafter grant any “Option Rights” relative to the First Offer Space, where the resulting term of the leasing of such space, if the prospective tenant exercises such Option Rights, would commence during the First Offer Period, and which Option Rights are superior to Tenant’s first offer rights under this Section 30, unless Tenant has first had the opportunity to obtain such Option Rights pursuant to and as part of a Landlord’s First Offer Notice as described in Section 30.A. above

  
D. Tenant may only exercise its right to lease a portion of the First Offer Space, and an exercise thereof shall only be effective, if at the time of Tenant's exercise of said right and on the pertinent First Offer Space Commencement Date, this Lease is in full force and effect and Tenant is not in Default under this Lease, and (inasmuch as said option is intended only for the benefit of the original Tenant named in this Lease or a permitted Tenant Affiliate assignee under Section 17 hereof), not less than sixty-seven percent (67%) of the Rentable Square Feet of the Premises are occupied by the original Tenant named herein and/or a Tenant Affiliate permitted under Section 17, and said Tenant or Tenant Affiliate has not assigned this Lease (other than to a permitted Tenant Affiliate under Section 17) or subleased greater than thirty-three percent (33%) of the Rentable Square Feet of the Premises (other than to a permitted Tenant Affiliate under Section 17). Without limitation of the foregoing, no sublessee or assignee (other than an assignee which is a permitted Tenant Affiliate under Section 17 hereof) shall be entitled to exercise said option under this Section 30.  In the event Tenant has assigned this Lease to a Tenant Affiliate as of the time of Tenant's exercise of said right or as of the pertinent First Offer Space Commencement Date, then, at Landlord's election, any exercise of the option under this Section 30 and any amendment to this Lease contemplated by Section 30.G. below must be signed by both the original named Tenant (unless such entity no longer exists as a separate legal entity as a result of the transaction giving rise to such assignment to the Tenant Affiliate, such as in the case of a merger or consolidation) and each such successor Tenant Affiliate assignee in order to be effective (with it being understood and agreed, for the avoidance of doubt, that if the entity constituting the "Tenant" hereunder does not change as a result of any such permitted Tenant Affiliate assignment transaction, such as in the case of a sale or transfer of all or substantially all of the direct or indirect ownership interests in Tenant, then only such Tenant entity will be so required to exercise such option under this Section 30 or to otherwise execute any such amendment to this Lease).  Notwithstanding anything herein to the contrary, Landlord shall have the right to waive any of the conditions to the effectiveness of Tenant's exercise of its option rights under this Section 30, as such conditions are described above in this Section 30.D., and if Landlord so elects to waive such conditions, the exercise by Tenant shall be deemed effective in all respects.  Any such waiver by Landlord shall be in writing in order to be effective for purposes of the immediately preceding sentence.  Without limiting the terms and conditions set forth above in this Section 30.D., and except as expressly provided in Section 30.H. below, Tenant’s exercise of its first offer right hereunder shall be irrevocable once given.

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E. If Tenant has validly exercised its right to lease a portion of the First Offer Space, then effective as of the First Offer Space Commencement Date such portion of the First Offer Space shall be included in the Premises, subject to all of the terms, conditions and provisions of this Lease, except that:
 

  (i) except as provided in Section 30.F. below (if applicable), Rent per Rentable Square Foot for such portion of the First Offer Space shall be equal to the Market Rental Rate (as defined in Section 32 below);
 

  (ii) the Rentable Square Feet of the Premises shall be increased by the Rentable Square Feet of such portion of the First Offer Space (and Tenant’s Proportionate Share, for all purposes, including for determining Additional Rent on account of Expenses and Taxes due and owing under this Lease, shall be increased accordingly);
 

  (iii) the term of the demise covering such portion of the First Offer Space shall commence on the First Offer Space Commencement Date and shall expire simultaneously with the expiration of the Term of this Lease; provided, however, that if as a result of any fixed expansion rights of other tenants at the Building either (a) set forth in any leases as of the date hereof (as disclosed in Exhibit G hereto), or (b) granted to other tenants as Option Rights following Tenant’s waiver of its first offer rights with respect thereto under Section 30.B. above, Landlord intends to deliver all or any portion of the applicable First Offer Space to satisfy such fixed expansion rights, then the term of Tenant’s lease of such First Offer Space shall expire on the expiration date established by Landlord in its notice relative to such space delivered under Section 30.A. above, as opposed to expiring on the expiration date of the Term of this Lease; and
 

  (iv) except as provided in Section 30.F. below (if applicable), the First Offer Space shall be rented in its “as is” condition as of the First Offer Space Commencement Date (it being acknowledged that the inclusion or exclusion of any allowances, any so-called free rent construction periods, any other rental abatements, and tenant improvement work and/or any other concessions shall, to the extent applicable, figure into the determination of “Market Rental Rate” under Section 32 below);

  (v) any initial tenant improvement work desired by Tenant to ready the applicable First Offer Space for occupancy, to the extent performed no later than nine (9) months following the applicable First Offer Space Commencement Date, shall be performed pursuant to the same terms and conditions as set forth in the Workletter relative to performance of the “Tenant’s Work” thereunder, and any allowance included as part of Market Rental Rate (or otherwise included pursuant to Section 30.F. below) shall be disbursed in accordance with the same terms and conditions as set forth in the Workletter relative to disbursement of the “Allowance” thereunder; and
 

  (vi) Any other terms and conditions with respect to Tenant’s proposed leasing of the First Offer Space which were expressly set forth in Landlord’s First Offer Notice shall apply.
 

  F. Notwithstanding anything herein to the contrary, if Landlord delivers a Landlord’s First Offer Notice to Tenant on or before the four (4) year anniversary of the Commencement Date, then, in lieu of the base rental rate, so-called free construction period, rental abatement periods, allowance proceeds, tenant improvement work and/or any other concessions that would otherwise apply if Market Rental Rate terms were to apply to such First Offer Space, Tenant shall instead be offered, in Landlord’s First Offer Notice, the same base rental rate, so-called free construction period, rental abatement periods, allowance proceeds, tenant improvement work and/or any other concessions, if applicable, as Landlord is prepared to accept from a third party prospective tenant, as reflected in the most recent “Prospective Tenant Proposal” (as defined in Section 30.A. above) (but subject to adjustment as described below in this Section 30.F.).  If the term for the prospect identified in the Prospective Tenant Proposal varies in any respect from the Term applicable to Tenant’s leasing of the First Offer Space (as described in Section 30.E.(iii) above), then the economic terms delivered by Landlord to Tenant in Landlord’s First Offer Notice may, at Landlord's election, contain an equitable adjustment from that which is the subject of the Prospective Tenant Proposal, determined by Landlord, which adjusted economic terms will thereupon become the terms that Tenant shall be permitted to lease such First Offer Space if Tenant so exercises its option under this Section 30, which adjusted economic terms shall result in the same so-called "net effective rent" as that which is the subject of such Prospective Tenant Proposal which triggered the Landlord’s First Offer Notice from Landlord to Tenant under Section 30.A. above (and such adjustment by Landlord shall be specifically set forth in the applicable Landlord’s First Offer Notice given hereunder).

  
G. If Tenant has validly exercised its option under this Section 30, within thirty (30) days thereafter, Landlord and Tenant shall enter into a mutually acceptable written amendment to this Lease confirming the terms, conditions and provisions applicable to the First Offer Space as determined in accordance herewith, provided that the failure to do so shall not affect Tenant’s prior exercise of its applicable option rights under this Section 30 or Tenant’s leasing of the applicable First Offer Space hereunder.

  
H. If Tenant has validly exercised its right to lease a portion of the First Offer Space, Landlord shall use commercially reasonable efforts (including, if applicable, the prompt commencement and diligent prosecution of an eviction action) to deliver possession of such First Offer Space to Tenant on the pertinent First Offer Space Commencement Date.  In the event Landlord, after using 

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  such reasonable efforts, should be unable to do so, then such failure to deliver possession shall not affect either the validity of this Lease or the obligations of either Landlord or Tenant hereunder or be construed to extend the expiration of the Term of this Lease either as to such portion of the First Offer Space or the balance of the Premises; provided, however, that under such circumstances, the term of the lease for such First Offer Space (including, without limitation, the obligation to pay Rent relative to such First Offer Space) shall not commence as to such portion of the First Offer Space until Landlord delivers possession, and provided further, Landlord shall continue to use reasonable efforts to deliver such First Offer Space as soon thereafter as reasonably practicable, and provided further, that Tenant shall be further entitled to one (1) day of abatement of Base Rent relative to the First Offer Space for each day that Landlord is so delayed in delivery of possession of such First Offer Space to Tenant beyond the pertinent First Offer Space Commencement Date (herein, the “Additional Base Rent Abatement”) (provided, however, that notwithstanding the foregoing, Tenant shall only be entitled to such Additional Base Rent Abatement if and to the extent Landlord recovers such Base Rent loss amount from any applicable holdover Tenant as an express part of the holdover damages under such holdover tenant’s lease).  Without limitation of the foregoing, if such failure to deliver possession continues for ninety (90) days following the pertinent First Offer Space Commencement Date for any reason, Tenant shall have the right, as its sole recourse (except as otherwise provided in this Section 30.H.), to revoke its prior notice of exercise of such first offer option, by notice of such revocation given to Landlord within ten (10) business days following such ninety (90) day period and in any event prior to such time as Landlord has tendered the applicable First Offer Space to Tenant in the condition required herein (time being of the essence), whereupon this Lease shall continue in full force and effect without regard to such First Offer Space under this Section 30 (provided that Landlord shall again give a Landlord’s First Offer Notice to Tenant under Section 30.A. hereof, and Tenant shall again have first offer rights as provided in this Section 30, prior to Landlord leasing or granting options to lease such First Offer Space for a term commencing during the First Offer Period).  Tenant's failure to revoke its exercise of the first offer option as provided in the preceding sentence shall be deemed a waiver of such right by Tenant, and the remaining terms of this Section 30.H. shall thereafter continue to apply with respect to any delay in so delivering possession of the pertinent First Offer Space to Tenant.

  
I. Tenant’s right to lease all or any particular portion of the First Offer Space is expressly subject and subordinate to any rights or options to lease such portion of the First Offer Space (i) granted to or agreed upon with any existing tenant at the Building as of the date hereof (in any case under this clause (i), a “Prior Rights Tenant”), all as granted or otherwise provided in said Prior Rights Tenant’s lease as of the date hereof or (ii) granted in any lease of such First Offer Space or other space at the Building entered into by Landlord and a third party following notice to Tenant in accordance with this Section 30 and Tenant’s failure to lease such space pursuant to this Section 30 (as such lease may be amended from time to time), and in each case to Landlord’s right to extend or renew the lease of any tenant occupying any portion of the First Offer Space, whether or not pursuant to a renewal or extension option contained in such tenant’s lease.  Further, without limitation of the foregoing, and notwithstanding anything in this Lease to the contrary, Tenant’s right to lease all or any particular portion of the First Offer Space is expressly subject and subordinate to any leasing and/or option rights first entered into or granted by Landlord to a third party tenant relative to such First Offer Space prior to the commencement of the First Offer Period (as any such lease containing such leasing or option rights may be extended or renewed, whether or not pursuant to extension or renewal options contained therein).  Landlord hereby confirms that the only leasing rights or options granted to Prior Rights Tenants with respect to the Firs Offer Space as existing as of the date of this Lease, as contemplated by subclause (i) above, are described in Exhibit G hereto.
 

  J. As used herein, the term “First Offer Period” shall mean the period commencing with the Commencement Date hereof, and continuing through the balance of the Term of this Lease; provided, however, that the First Offer Period shall not include the last three (3) years of the initial stated Term unless Tenant has then validly exercised the option granted to Tenant in this Lease to extend the Term hereof for an additional period following such initial stated Term as provided in Section 31 below (in which case such First Offer Period shall not include the last three (3) years of such "Extension Period", as such term is defined in said Section 31).

  
K. In the event Tenant exercises its termination rights under Section 34 below, then Tenant shall have no further first offer rights under this Section 30 for the period commencing with the exercise of said termination right (and from and after the date of Tenant’s exercise of said termination option, this Section 30 shall have no force or effect and shall be deemed null and void).

   

  31. EXTENSION OPTION. Subject to the provisions hereinafter set forth, Landlord hereby grants to Tenant an option to extend the Term of this Lease on the same terms, conditions and provisions as contained in this Lease, except as otherwise provided herein, for one period of five (5) years (the "Extension Period") after the expiration of the initial Term (i.e., being the first day of the twelfth (12th) Lease Year hereunder), which Extension Period shall commence on the day immediately following the Expiration Date described in Section 1.I. above (the "Extension Period Commencement Date") and end on the last day of the sixteenth (16th) Lease Year hereunder.

   

  A. Said option shall be exercisable by written notice from Tenant to Landlord of Tenant's election to exercise said option given not later than the date which is twelve (12) months prior to the Extension Period Commencement Date, time being of the essence.  If Tenant's option is not so exercised, said option shall thereupon expire.

   

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  B. Tenant may only exercise said option, and an exercise thereof shall only be effective, if at the time of Tenant's exercise of said option and on the Extension Period Commencement Date this Lease is in full force and effect and Tenant is not in Default under this Lease, and (inasmuch as said option is intended only for the benefit of the original Tenant named in this Lease or a permitted Tenant Affiliate assignee under Section 17) not less than fifty percent (50%) of the Rentable Square Feet of Premises are occupied by the original Tenant named herein or a permitted Tenant Affiliate under Section 17, and said Tenant or Tenant Affiliate has not assigned this Lease (other than to a permitted Tenant Affiliate under Section 17) or sublet greater than fifty percent (50%) of the Rentable Square Feet of the Premises (other than to a permitted Tenant Affiliate under Section 17). Without limitation of the foregoing, no sublessee or assignee (other than an assignee which is a permitted Tenant Affiliate under Section 17) shall be entitled to exercise said option under this Section 31.  In the event of an assignment to a permitted Tenant Affiliate as of the time of Tenant's exercise of its extension rights under this Section 31 or as of the pertinent Extension Period Commencement Date, then, at Landlord's election, any exercise of the option under this Section 31 and any amendment to this Lease contemplated by Section 31.E. below must be signed by both the original named Tenant (unless such entity no longer exists as a separate legal entity as a result of the transaction giving rise to such assignment to the Tenant Affiliate, such as in the case of a merger or consolidation) and each such successor Tenant Affiliate assignee in order to be effective (with it being understood and agreed, for the avoidance of doubt, that if the entity constituting the "Tenant" hereunder does not change as a result of any such permitted Tenant Affiliate assignment transaction, such as in the case of a sale or transfer of all or substantially all of the direct or indirect ownership interests in Tenant, then only such Tenant entity will be so required to exercise such extension option under this Section 31 or to otherwise execute any such amendment to this Lease).  Notwithstanding anything herein to the contrary, Landlord shall have the right, at its election, to waive any of the conditions precedent to Tenant's valid exercise of its extension rights under this Section 31, as such conditions are described above in this Section 31.B., whereupon Tenant's prior exercise of such extension rights shall be valid and in full force and effect in all respects.  Any such waiver by Landlord must be in writing in order to be effective for purposes of the preceding sentence.

   

  C. Rent per Rentable Square Foot of the Premises payable during the Extension Period with respect to all space included in the Premises as of the Extension Period Commencement Date shall be equal to the Market Rental Rate for such space. Landlord shall give Tenant written notice of the proposed Market Rental Rate (including a description of any allowances, rent abatements and other concessions which are components thereof, as applicable) within thirty (30) days following written request by Tenant made not earlier than fifteen (15) months prior to the Extension Period Commencement Date; provided that, in any event, and notwithstanding the terms set forth above in this Section 31.C., (i) any exercise of said extension option in accordance with the terms and conditions of this Section 31 shall be irrevocable once given, and (ii) if Tenant has not validly exercised such extension option as of the date which is twelve (12) months prior to the Extension Period Commencement Date, time being of the essence, then the extension option under this Section 31 shall have no further force or effect, and the Term shall not be extended, and shall terminate as originally scheduled. It is understood and agreed that the amenities described in Section 39 below shall remain open during the Extension Period hereunder, unless Landlord notifies Tenant, as part of its Market Rental Rate notice to Tenant (or at any other time prior to Tenant's exercise of its extension option hereunder) that any such amenities may be closed during the Extension Period.  

   

  D. If Tenant has validly exercised said option, within thirty (30) days after request by either party hereto, Landlord and Tenant shall enter into a written amendment to this Lease confirming the terms, conditions and provisions applicable to the Extension Period as determined in accordance herewith, with such revisions to the rental provisions of this Lease as may be necessary to conform such provisions to the Market Rental Rate.

   

  E. Tenant shall take the Premises in their as is condition for the Extension Period, with no inducements, allowances or Landlord Work applicable from the initial Term being applicable to such Extension Period (but without limiting any matters which may be included as part of the Market Rental Rate hereunder) and Tenant shall not have any option to extend the term of this Lease beyond the expiration of the Extension Period.

   

  32. MARKET RENTAL RATE.  As used herein, the term “Market Rental Rate” per Rentable Square Foot shall mean (i) the annual rate of net or base rent which is the prevailing market net rental rate for comparable leases or lease expansions (or, as it relates to a determination under Section 31, extension transactions) of space comparable to the level of build-out to the Premises, in the Building and in Comparable Buildings (taking into consideration the duration of the term for which such space is being leased, location and/or floor level within the applicable building, when the applicable rate first becomes effective, quality and location of the applicable building, differences in rentable area and rentable area efficiency for the applicable building, and other relevant factors; and reflecting (i.e. reduced, if applicable, to reflect prevailing concessions which are not being provided to Tenant in kind) prevailing concessions, such as, but not limited to, rental concessions, tenant improvement work, design, construction and moving allowances, brokerage commissions, any base year for taxes and/or expenses and/or any tax and/or expense stops, and time for construction of tenant improvements free of rent obligations) for terms commencing on or about the time for which Market Rental Rate is being determined hereunder, plus (ii) additional prevailing components of the Market Rental Rate as determined by Landlord, in good faith, which may include, among the other then prevailing components of rent, periodic adjustments or additions to a fixed rent based on a share of real estate taxes and other expenses (such as Additional Rent) and increases to adjust for inflation.  As part of any Market Rental Rate determination, prevailing 

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  market-level security deposits (if any) will be required from Tenant, but only to the extent such security deposit requirements are determined to be part of the prevailing rental rate package for other comparable credit tenants receiving comparable concession packages at Comparable Buildings.  Comparable arm's length lease transactions (and, as it relates to a determination under Section 31, extension transactions) at the Building and/or bona fide written proposals or offers to lease comparable space at the Building (and, as it relates to a determination under Section 31, to renew leases of comparable space) received by Landlord from third parties (at arm's length) or given by Landlord to third parties (at arm's length) may be used by Landlord as an indication of the Market Rental Rate.

   

  If Tenant disagrees with Landlord’s determination of Market Rental Rate with respect to any First Offer Space under Section 30 above or with respect to any extension of the Term under Section 31 above (which Tenant must do, if at all, in writing setting forth Tenant’s determination of proposed Market Rental Rate within fifteen (15) business days after notice of Landlord’s determination of Market Rental Rate, as it relates to such First Offer Space under Section 30 above, or within fifteen (15) business days after notice of Landlord’s determination of Market Rental Rate, as it relates to such lease extension under Section 31 above), and if the parties cannot agree on the Market Rental Rate within the later to occur of (i) fifteen (15) business days thereafter, or (ii) the date Tenant exercises the applicable option for which Market Rental Rate is being determined (such later date, the “Arbitration Eligibility Date”), then, at Tenant’s election, and provided that Tenant has theretofore exercised its option for which Market Rental Rate is being determined, such dispute shall be determined by arbitration as hereinafter provided (i.e., it being understood and agreed that the binding arbitration process described in this Section 32. may only commence if and to the extent Tenant has validly exercised its option for which Market Rental Rate is being so determined).  Tenant may initiate the arbitration process by written notice to that effect given to Landlord within fifteen (15) business days after such Arbitration Eligibility Date (time being of the essence), and if Tenant fails to so timely deliver such notice so initiating the arbitration process, then Tenant shall be deemed to have waived such right, and Landlord’s determination of Market Rental Rate shall be deemed the applicable Market Rental Rate for all purposes.  If Tenant timely exercises such right to initiate the foregoing arbitration process, as described in the preceding sentence, then, within fifteen (15) business days after the giving of such notice, Landlord and Tenant will each select a reputable commercial leasing broker as arbitrator who shall be disinterested and shall be a person that has been actively engaged in the leasing of Class-A office buildings in the downtown Chicago, Illinois area for a period not less than seven (7) years immediately preceding his or her appointment. Landlord and Tenant shall each simultaneously submit to the arbitrators a determination of proposed Market Rental Rate. (If no submittal is made, the parties shall be deemed to have submitted their original determinations.)  The arbitrators shall be directed as promptly as possible (and, in any event, within 30 days after commencement of such arbitration proceeding) to select from the two determinations submitted by Landlord and Tenant the one that is closer to the Market Rental Rate as determined by the arbitrators, and said selection shall thereafter be deemed the Market Rental Rate.  The arbitrators shall be required to select either Landlord’s determination or Tenant’s determination of Market Rental Rate, and may not select, or determine, any other determination.  If the two arbitrators so appointed fail to agree as to which of the determinations submitted by Landlord and Tenant is closest to the actual Market Rental Rate, the two arbitrators shall appoint a third arbitrator, using the criteria described above, to decide upon which of the two determinations submitted is closest to the actual Market Rental Rate.  In the event the two arbitrators are not able to so agree upon a third arbitrator, the third arbitrator shall be appointed by the American Arbitration Association, using the criteria described above.  Each party shall bear the costs of their own appointed arbitrators. The cost of the third arbitrator, if appointed, shall be borne by the losing party.  If no determination is made prior to the date for commencement of payment of rent for which Market Rental Rate must be determined, then Landlord’s determination shall be used until the arbitration is completed.  If Tenant’s determination is later selected, Landlord shall promptly refund any overpayments to Tenant, but in all cases no later than 10 days after such determination.

   

  33. SIGNAGE. 

   

  A. Tenant shall have the right to install and maintain, during the Term hereof, at Tenant's expense, identification signage for Tenant located in the common corridors of any floors of the Building in which Tenant is then leasing the full floor as part of the Premises hereunder and/or entry signage on or near the entry door to the Premises on such floor (collectively, "Full Floor Signage").  The foregoing Full Floor Signage shall be located at areas mutually acceptable to Landlord and Tenant. Tenant shall submit to Landlord plans and specifications relative to the Full Floor Signage, which plans and specifications shall be subject to Landlord's reasonable approval, such approval not to be unreasonably withheld, conditioned or delayed.  All work performed under this Section 33.A. shall comply and be performed in accordance with the terms and conditions described in the Workletter (if included as part of the Tenant's Work) and in Section 12 of this Lease.  Tenant shall be responsible for the maintenance and repair of the Full Floor Signage and for removal of the same (and restoration of affected areas) at the end of the Term or of Tenant's right to possession hereunder.

   

  B. If Tenant is leasing less than a full floor at the Building as part of its Premises hereunder, then Landlord shall install and maintain during the Term hereof, at Landlord’s expense, Building-standard name identification signage for Tenant located in the multi-tenant elevator lobby on such floor (“Multi-Tenant Floor Lobby Signage”) and Building-standard suite identification signage on or near the entry door to the Premises on such floor (“Entry Signage”).  The Multi-Tenant Floor Lobby Signage shall be located at an area within such elevator lobby as designated by Landlord.  The Entry Signage shall be located at an area near the entry door to the Premises as designated by Landlord.  The design, size, colors and materials for the Multi-Tenant Floor Lobby Signage and the Entry Signage shall be consistent with Landlord’s Building-standard requirements.  Landlord shall be responsible 

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  for the maintenance of the Multi-Tenant Floor Lobby Signage and the Entry Signage and for removal of the same at the end of the Term or of Tenant’s right to possession hereunder.

   

  C. Landlord, at Landlord’s cost and expense, shall provide and install the Tenant’s corporate name identification and logo signage in the Building lobby (the “Lobby Signage”). The general location of the Lobby Signage and certain other agreed-upon features of the Lobby Signage are shown on Exhibit F attached hereto.  Any features of the Lobby Signage not otherwise depicted in Exhibit F (including size, dimensions, materials, colors and other design features) shall in any event, be consistent with the overall design and layout of the Building lobby and with Landlord’s Building standard signage criteria.  Lobby Signage will be non-exclusive to the Tenant and all office tenant names identified on lobby identification signs will be ranked, in terms of highest to lowest mounting location, in descending order based on the then current rentable area leased by such office tenants in the Building.  In no event shall any other office tenant lobby identification signs be more prominent (i.e., in terms of size of letters) than such Lobby Signage of Tenant, unless such other tenant leases space in the Building that is larger than the Rentable Square Feet of the Premises then leased by Tenant hereunder.  Landlord shall be responsible for the maintenance of the Lobby Signage and for removal of the same at the end of the Term or of Tenant’s right to possession hereunder. 

   

  D. Tenant shall have the right to place from time to time (but not on a regular basis) within the main lobby, on a stanchion which shall be made available by Landlord therefor (or if not made available by Landlord, then a stanchion provided by Tenant of a professional design and subject to Landlord’s approval thereof, such approval not to be unreasonably withheld, conditioned, or delayed), reasonable professional looking signage welcoming specified invitees of Tenant or identifying a special event taking place at the Premises, provided that Tenant provides Landlord with reasonable advance notification thereof, and provided that such rights are coordinated with Building property management.

   

  E.  Tenant shall be entitled to certain media advertising/branding on any media display devices (e.g., elevator monitor screens) located from time to time in the elevators serving the Building (the “Elevator Branding”). all on a non-exclusive, rotating basis with other advertising/branding of other tenants or third parties and other Building and news content.  The scope, content, format and timing of display of any such Elevator Branding will be submitted by Tenant to Landlord or its designee, in such form and as required by Landlord (acting in good faith), and shall be subject to Landlord’s prior approval thereof, acting in good faith, in accordance with the standards and quality of other content on such media display devices.  

   

  F. The signage and other rights of Tenant set forth in this Section 33 are personal to the original named Tenant hereunder and to any permitted Tenant Affiliate assignee under Section 17 hereof, and no other party shall have the right to exercise such signage rights under this Section 34 without the express written consent of Landlord (at Landlord’s sole discretion).  

   

  34. OPTION TO TERMINATE. 

   

  A. Tenant shall have the option, to be exercised as hereinafter provided, to terminate the Term of this Lease effective as of the last day of the eighth (8th) Lease Year hereunder (the “Termination Date”), subject to the terms and conditions hereinafter set forth. Tenant’s option to terminate the Term of this Lease shall be exercised, time being of the essence, by written notice to Landlord given on or before twelve (12) months prior to the Termination Date (the “Latest Termination Exercise Date”).  If Tenant fails to so timely exercise its termination right as described in the preceding sentence, then Tenant shall be deemed to have waived such right, and this Section 34 shall thereupon be deemed null and void.  One-half (1/2) of the Termination Fee (as hereinafter defined) shall be due from Tenant to Landlord on or before the date Tenant exercises its termination option under this Section 34, and the remaining one-half (1/2) of said Termination Fee shall be due from Tenant to Landlord on or before the Termination Date, and such timely payments shall (at Landlord’s option at its sole discretion), be an express condition to the effectiveness of Tenant’s early termination election hereunder.  Payment of the Termination Fee shall be made in cash or by cashier’s check or by wire transfer of readily available funds.  “Termination Fee” shall mean (A) with respect to the initial Premises demised under this Lease, as described in Section 1 hereof, the sum of $3,660,157.97, plus (B) with respect to any additional space being leased by Tenant hereunder at the time Tenant exercises its termination option under this Section 34 (i.e., in addition to the initial Premises described in clause (A) of this sentence), whether consisting of First Offer Space under Section 30 hereof, or Pre-Occupancy Expansion Space under Section 39 hereof, or otherwise (herein, in any such case, “Additional Premises”), the “Unamortized Additional Space Costs”, as hereinafter defined, calculated as of the Termination Date.  For purposes hereof, “Unamortized Additional Space Costs”, shall be determined for each portion of the Additional Premises being demised hereunder as of the date Tenant delivers its termination notice, and shall mean an amount calculated in each instance by determining the outstanding principal balance of a loan as of the Termination Date, which loan has (A) an original principal balance equal to the amount of all rent abatements, allowances, and brokerage commissions (as reasonably determined by Landlord) paid, given or incurred by Landlord and directly associated with the lease of the Additional Premises (but excluding any periods of beneficial occupancy), (B) an interest rate of seven and one-half percent (7.5%) per annum, (C) a term and full amortization period equal to the scheduled initial Term of the Lease for each portion of the Additional Premises (i.e., meaning from and after the respective rent commencement date for each such portion of the Additional Premises, following any upfront full rental abatement period, and through the expiration of the initial Term of the Lease), and (D) payments of principal and interest made, in equal monthly 

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  installments, with interest paid in arrears, and assuming that the first payment was made as of the respective rent commencement date, following any upfront full rental abatement period, for each such respective portion of the Additional Premises.  

   

  B. Nothing herein shall be deemed a waiver of any rights or remedies available to Landlord hereunder in the event of any default by Tenant at the time Tenant exercises its termination rights hereunder, or as of the Termination Date.  Any notice to terminate shall be irrevocable by Tenant once given.  

   

  C. If Tenant so elects to terminate this Lease and pays to Landlord the Termination Fee as and when due hereunder, then effective as of the Termination Date this Lease shall be deemed to have expired by lapse of time.  Tenant shall be responsible for all Rent and other charges relating to the Premises which accrue on or before the Termination Date. 

   

  D. If Tenant exercises its termination right under this Section 34, then Tenant shall vacate and deliver possession of the Premises to Landlord on or before the Termination Date and deliver the Premises to Landlord in the manner set forth in, and the condition required by, this Lease for surrender of the Premises.  Any retention of possession by Tenant of all or part of the Premises after the Termination Date shall be deemed a holding over under and subject to the terms of Section 20 of this Lease without consent of Landlord, and shall be subject to the terms and conditions of said Section 20 with respect to such holdover.   

   

  E. If Tenant exercises its option to terminate under this Section 34, unless Landlord otherwise expressly consents in writing to any exceptions to the following representations and warranties, Tenant shall be deemed to have represented and warranted to Landlord that there exists no subleases, assignments, liens or encumbrances affecting the Premises or assignments of Tenant’s interest under this Lease which shall survive the Termination Date.

   

  F. Tenant acknowledges that the Termination Fee constitutes a non-refundable payment, notwithstanding any subsequent leasing of the Premises by Landlord.  Landlord, in its sole discretion, may invalidate the effectiveness of any prior exercise of Tenant’s termination rights under this Section 34, if Tenant fails to pay the Termination Fee when the same is due hereunder, which failure continues for more than two (2) business days after notice to Tenant (which notice may be by email); provided that Landlord’s failure to so invalidate the effectiveness of Tenant’s termination of this Lease on the Termination Date shall not affect Tenant’s continued obligation to pay the Termination Fee or any rights and remedies of Landlord on account of any such default by Tenant in paying the Termination Fee as and when due hereunder. If Landlord does so invalidate the effectiveness of Tenant’s exercise of its termination rights due to non-payment of the Termination Fee, then any portion of the Termination Fee paid by Tenant shall be applied against Rent next coming due until fully recouped by Tenant.

   

  G. If Tenant exercises its termination right under this Section 34, then Tenant shall no longer have any additional first offer rights under Section 30 hereof, nor any further extension options under Section 31 hereof.  

   

  35. SATELLITE DISH.  Subject to the terms and conditions hereinafter set forth, and subject to availability and to the terms of the REA, Landlord grants to Tenant, during the Term, the right to install one (1) satellite dish or one (1) antenna and/or other related telecommunications equipment, in any such case relating to Tenant’s business in the Premises, on the roof of the Building where designated by Landlord in its reasonable discretion (size of which shall be subject to Landlord approval based in part on an assessment of Tenant’s commercially reasonable needs), for receiving or transmitting signals and, except as otherwise provided, to connect such equipment through existing mechanical shafts or vertical riser paths to the Premises, all of a location, size, type and weight reasonably determined by Tenant but to be approved in advance by Landlord, such approval not to be unreasonably withheld, conditioned, or delayed.

   

  A. Tenant shall have up until the Turnover Date hereunder to notify Landlord, in writing (a "Satellite Notice"), that it desires to use the roof area under this Section 35 to install such satellite dish or antenna or other telecommunications equipment in accordance with this Section 35; if, as of the Turnover Date, Tenant has failed to so deliver a Satellite Notice to Landlord, then Tenant shall have no further rights under this Section 35, and this Section 35 shall be null and void. Further, if Tenant timely delivers a Satellite Notice, and then fails to install such satellite dish or antenna or other telecommunications equipment in accordance with this Section 35 on or before the last day of the first (1st) Lease Year hereunder, then, at Landlord's election, by written notice thereof delivered to Tenant, Landlord may terminate any further rights of Tenant under this Section 35, and upon such election by Landlord, Tenant shall have no further rights under this Section 35, and this Section 35 shall be null and void.  The Satellite Notice shall specify in detail the requirements of such installation and the size, type, weight and other specifications for the proposed satellite dish or antenna and/or other related telecommunications equipment, all of which shall be subject to the approval of Landlord. Landlord shall not unreasonably withhold, condition, or delay its approval provided that the use of the roof for such purposes shall (i) be subject to Landlord's reasonable supervision, (ii) shall not materially adversely affect the structural safety or integrity of the Building or otherwise materially adversely affect any roof warranties held by Landlord, (iii) meet reasonable aesthetic and other standards of Landlord and Landlord's architect and (iv) satisfy other conditions hereinafter set forth.  Landlord and Tenant shall work in good faith to designate an area for such installation ("Installation Area"). Landlord reserves the right to change such Installation Area if upon sixty (60) days' notice thereof to Tenant from time to time, if Tenant's use of the 

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  then current Installation Area is causing disruption or interference with other equipment located on the roof or Building that was existing prior to the installation of Tenant's telecommunications equipment, or is causing disruption or interference with Building operations or safety-related matters, whereupon Tenant, at Landlord's expense (being the reasonable out-of-pocket costs and expenses so incurred by Tenant therefor, which shall not be treated as Expenses), shall relocate its satellite dish or antennae and/or other related equipment to such other designated Installation Area within the aforedescribed sixty (60) day period, all in accordance with the terms set forth in this Section 35.  Without limitation of the terms of the preceding sentence, Landlord shall have the right to relocate Tenant's satellite dish or antennae and/or other related equipment on the roof to another Installation Area on the roof, for any reason, at Landlord's sole cost (which shall not be treated as Expenses), only if (a) such move does not create any material interference to Tenant's future usage of Tenant's installation that was moved; (b) any temporary interference is minimized; (c) Tenant's equipment continues to work, in all material respects, in the manner it worked prior to such move; and (d) such relocation space on the roof is no less than the minimum contemplated fifty (50) square feet area set forth above, or such lesser square footage as the area then being so relocated (and Landlord, at its expense, shall thereby have the right to control such relocation activities described in this sentence).  The right granted to Tenant under this Section 35 shall be subject to the following conditions precedent:  (1) Landlord's architect (acting reasonably, when considering Tenant's operational needs in conjunction with the design and operational needs of the Building) shall approve of the location of the Installation Area and the appearance of those portions of the equipment to be visible to the public; (2) Landlord's structural engineer (acting reasonably, when considering Tenant's operational needs in conjunction with the structural, systems and operational needs of the Building) shall approve of the location of the Installation Area, the design and specifications of the equipment, the load caused on the roof of the Building by such equipment, and other structural requirements of the installation; (3) the installation must comply with the applicable requirements of any covenant, condition or restriction of record and any municipal, county, state, federal or other governmental ordinance, law, rule or regulation including, but not limited to zoning ordinances, and with all reasonable rules and regulations for the Building, and cannot materially adversely affect any roof warranties held by Landlord; (4) the installation and operation of such equipment shall not interfere with the safety or operations of the Building or materially reduce or affect its structural integrity, and shall comply with the terms of this Lease; and (5) at Landlord's request, Tenant shall enter into Landlord's standard form license agreement used at the Building relative to the rights granted under this Section 35, the terms of which shall not conflict with the terms set forth in this Section. Tenant shall be obligated to pay Landlord a reasonable annual license fee (as increased by two and one-half percent (2.5%) compounding annually) in connection with the roof top rights of Tenant exercised under this Section 35 by delivery of a Satellite Notice, whether or not Tenant thereafter installs any such satellite dish or antenna or other telecommunications equipment on the roof.    

   

  B. Except as expressly set forth herein, Tenant shall pay all costs and expenses of any kind related to the installation, operation, maintenance or removal of its communication equipment, including any reasonable architect's or engineering fees incurred by Landlord in connection with required approvals and any other reasonable out-of-pocket costs incurred by Landlord.  Tenant shall maintain all such equipment in good repair.  Subject to the terms of Sections 13.C. and 13 D. and Section 14 of this Lease, Tenant shall be responsible for any damage, loss or injury to the Building or other property and for any injury to persons caused by installation, operation, maintenance or removal of such equipment. Upon the expiration or earlier termination of this Lease, Tenant shall, at its sole cost and expense, (i) remove the communication equipment and restore that portion of the roof of the Building where the communications equipment was located to its condition existing prior to the installation thereof, ordinary wear and tear excepted, and (ii) repair any damage or destruction caused by such removal. Restoration and repair herein required to be performed by Tenant shall be completed under the reasonable supervision of Landlord or Landlord's representative at no additional cost to Tenant. Notwithstanding the foregoing, Tenant shall not remove, and shall not be reimbursed for the cost thereof, any portion of the communication equipment which is embedded or permanently attached in or to the Building including, but not limited to, cables and other wiring. To the extent not expressly prohibited by law, and except to the extent resulting from the negligence or willful misconduct of Landlord or the Landlord Parties, Tenant agrees to hold Landlord and its constituent members, and their agents, servants and employees, harmless and to indemnify each of them against claims and liabilities, including reasonable attorney's fees, for injuries to persons and damage to or theft, misappropriation or loss of property occurring in or about the Building and arising out of the installation, maintenance, operation, removal or other use of the communications equipment installed hereunder.  

   

  C. All work performed by or on behalf of Tenant under this Section 35 shall comply and be performed in accordance with the terms and conditions described in the Workletter (i.e., if included as part of the Tenant’s Work) and in Section 12 of this Lease.  The satellite dish and other rights of Tenant set forth in this Section 35 may not be assigned to any party, and may be exercised only by Tenant, or any permitted assignee (including a permitted Tenant Affiliate assignee) under Section 17 hereof designated by Tenant in writing to Landlord (it being understood that only one such party shall have the right, at any given time, to have a satellite dish or antenna or other communications equipment located on the roof pursuant to this Section 35), and no other party shall have the right to exercise such rights under this Section 35 without the express written consent of Landlord (at Landlord’s sole discretion).

   

  D. Notwithstanding anything to the contrary contained herein, Landlord does not hereby represent that the roof area is suitable for Tenant’s intended use or operation of the aforedescribed satellite dish or antennae or other communications equipment, nor shall 

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  Landlord be responsible to ensure the quality of, or ability to receive or transmit signals to or from, any such satellite dish or antennae or other communications equipment contemplated by this Section 35.  

   

  36. COMPETITORS.  Provided that the Lease and/or Tenant’s right of possession of the Premises shall not have then been terminated, Landlord agrees that Landlord shall not, without the prior written consent of Tenant (which consent may be withheld in Tenant’s sole discretion), hereafter during the Term, enter into any direct lease or other occupancy arrangement with a Competitor (as hereinafter defined) covering space at the Building.  “Competitor” shall mean any or all of the following (i) Ticketmaster; (ii) StubHub; (iii) Viagogo (who is, as of the Effective Date, related to StubHub); and (iv) SeatGeek.  Landlord shall not be deemed to have violated the restrictions set forth in this Section 36 if  (A) any tenant or occupant of the Building enters into an assignment, sublease or other occupancy arrangement with any of the aforedescribed Competitors (provided that Landlord agrees to withhold its consent to any such assignment, sublease or other occupancy arrangement under this clause (A), to the extent withholding consent is reasonably permitted under the terms of such lease or occupancy agreement and under applicable law), or (B) any tenant or occupant of the Building merges or consolidates with or into, or acquires or is acquired by, any of the aforedescribed Competitors.  Without limitation of the foregoing, Landlord agrees to include such restrictions on assignments or subleases or other occupancy arrangements with any of the aforedescribed Competitors, as contemplated by clause (A) of the preceding sentence, within any lease hereafter entered into between Landlord and a prospective tenant, at any time during the Term of this Lease, for space at the Building.  

     

  37. SUBSTITUTION OF OTHER PREMISES.

   

  A. At any time after the date of this Lease, Landlord shall have the one-time right to substitute for the Premises then being leased or to be leased hereunder (the “Existing Premises”) other premises within the Building (the “New Premises”), provided that the New Premises shall be of reasonably comparable size, layout, finishes and configuration as that of the Existing Premises.  The New Premises shall:  reasonably similar or better views than the Premises; be on the 8th floor or higher at the Building; contain at least 95% of the Rentable Square Feet of the Existing Premises; and contain reasonably equivalent or greater improvements (in quality and value) constructed by Landlord at its sole cost and expense (not to be treated as Expenses), and the Base Rent payable from time to time for the New Premises shall not exceed the Base Rent payable hereunder from time to time for the Existing Premises, and “Tenant’s Proportionate Share” for purposes of determining Additional Rent hereunder shall not increase from that applicable to the Existing Premises.

   

  B. If Landlord exercises its one-time substitution right under this Section 37, then Tenant shall vacate and surrender the Existing Premises on or before the later of (A) the one hundred twentieth (120th) day after the date Landlord gives notice of substitution or (B) the tenth (10th) day after the day Landlord has completed the work to be done by Landlord in the New Premises pursuant to this subsection B. and tendered possession thereof to Tenant. As of the earlier of the date of such vacation and surrender or the date when such vacation and surrender is required, the New Premises shall be the Premises hereunder and the Existing Premises shall cease to be the Premises hereunder.  Landlord shall (i) pay all out-of-pocket expenses incurred by Tenant in connection with packing and unpacking, disassembling and re-assembling furniture and work stations, unwiring and re-wiring of all data and telecom equipment, and all other costs reasonably included in moving its fixtures, furnishings and equipment and other property from the Existing Premises to the New Premises, and (ii) pay Tenant’s actual out-of-pocket expenses for reprinting of business cards and marketing materials (not to exceed the sum of $2,000.00), (iii) improve the New Premises so that it is substantially similar in build-out to the Existing Premises, and reimburse Tenant for all out-of-pocket costs incurred in connection with the relocation (or, if the same cannot reasonably be relocated, then replacement) of any telephone or other communications equipment from the Existing Premises to the New Premises within thirty (30) days after Tenant’s presentation of a bill for such costs.  However, instead of paying Tenant’s expenses incurred in connection with moving its property, Landlord may elect to either move Tenant’s property or provide personnel to do so, in which event such move may not be made except during evenings, weekends or holidays, so as to incur the least inconvenience to Tenant. In no event shall Landlord be responsible for the cost of any new, additional or replacement equipment unless Tenant’s existing equipment cannot reasonably be reused in the New Premises.

   

  C. Tenant shall not be entitled to any compensation for any inconvenience or interference with Tenant’s business, nor to any abatement or reduction in Rent, nor shall Tenant’s obligations under this Lease be otherwise affected, as a result of the substitution of the New Premises.  Tenant agrees to cooperate with Landlord so as to facilitate the prompt completion by Landlord of its obligations under this Section 37.  Without limiting the generality of the preceding sentence, Tenant agrees to promptly provide to Landlord such approvals, instructions, plans, specifications and other information as may be reasonably requested by Landlord in connection with such obligations.

    

  D. Upon substitution of the New Premises for the Existing Premises, the Rentable Square Feet of the New Premises shall be substituted for the Rentable Square Feet of the Existing Premises.  Further, Tenant’s Proportionate Share and Base Rent shall be recalculated and adjusted based on the new Rentable Square Feet of the New Premises; provided that in no event shall Base Rent or Tenant’s Proportionate Share for purposes of determining Additional Rent hereunder increase in connection with the substitution of the New Premises under this Section 37, from that otherwise applicable to the then Existing Premises.  At Landlord’s request, Tenant shall execute a supplement to this Lease confirming the substitution of the New Premises for the 

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  Existing Premises.  Any failure of Tenant to surrender possession of the Existing Premises as of the outside date required by this Section 37 shall thereupon be deemed a holding over by Tenant pursuant to Section 20 of this Lease.  Tenant shall return possession of the Existing Premises in broom clean, but otherwise then as-is condition, and Tenant shall have no duty of restoration of the Existing Premises under Section 18 hereof, notwithstanding anything in this Lease to the contrary (provided further, that Tenant shall nevertheless be required to remove all of its personal property from the Existing Premises, all as and to the extent it is so required to do so under Section 18 hereof).

   

  38. AMENITIES.

   

  A. Landlord has heretofore constructed or shall hereafter construct on or before the later of July 1, 2022, and the date on which Tenant occupies the Premises for the purpose of conducting business (such later date is the “Amenities Delivery Date”), and in either case shall thereupon offer the use of a conference center to Building tenants, generally, at the Building, and Tenant shall have the right to use such conference center, subject to prior scheduling by Landlord (on a first-come first served basis), and subject to Tenant's payment of charges for Tenant's use of any such conference center, at an hourly or daily rate consistent with the charges imposed upon other tenants, generally, at the Building (and without limitation of costs and expenses relating to the conference center that are permitted to be included in Expenses pursuant to Section 5 hereof, including, without limitation, costs of leasing the conference center equipment, which shall be permitted to be included in Expenses notwithstanding anything in this lease to the contrary, but in any event after first applying (i.e., deducting) any such hourly or daily rate user charges collected by Landlord from tenants at the Building from the amount of Expenses which can be passed through to Tenant, and without limiting any charges, such as catering charges, that may be incurred by Tenant in connection with its use of such conference center). Use of the conference center shall be subject to such Rules and Regulations as may be promulgated by Landlord therefor from time to time.  Landlord shall complete any incomplete portion of the aforedescribed conference center facility, and to offer the same for usage by Building tenants (including Tenant), on or before the Amenities Delivery Date.  Unless Tenant otherwise agrees (at its discretion), the conference center amenity contemplated by this paragraph shall, at a minimum, continue to be available at the Building during the entire initial stated Term of this Lease (and, further, during the entire Extension Period hereunder, unless Landlord notified Tenant, as part of its Market Rental Rate notice relative to the extension option under Section 31 above, or at any other time prior to Tenant's exercise of its extension option under Section 31, that said conference center amenity may be closed during the Extension Period). 

   

  B. Landlord has heretofore constructed or shall, on or before the Amenities Delivery Date, construct and in either case shall thereupon offer the use of a rooftop deck and a tenant lounge area (containing, among other things, a bar for the purpose of serving alcohol) to Building tenants, generally, at the Building, and Tenant and its employees shall have the right to use such rooftop deck and tenant lounge area (as the case may be) upon the same terms and conditions as applicable to usage generally by other tenants at the Building, without payment of any fee or other charge relative to such rooftop deck or tenant lounge area usage (subject, however, to costs and expenses relating to the rooftop deck that are permitted to be included in Expenses pursuant to Section 5 hereof). Use of the rooftop deck and tenant lounge area shall be subject to such Rules and Regulations as may be promulgated by Landlord therefor from time to time. Landlord shall complete any incomplete portion of the aforedescribed rooftop deck and tenant lounge facilities, and to offer the same for usage by Building tenants (including Tenant), on or before the Amenities Delivery Date.  Unless Tenant otherwise agrees (at its discretion), the rooftop deck and tenant lounge area amenities contemplated by this paragraph shall, at a minimum, continue to be available at the Building during the entire initial stated Term of this Lease (and, further, during the entire Extension Period hereunder, unless Landlord notified Tenant, as part of its Market Rental Rate notice relative to the extension option under Section 31 above, or at any other time prior to Tenant's exercise of its extension option under Section 31, that said rooftop deck and tenant lounge area amenity may be closed during the Extension Period). The operation of any such bar described above shall be subject to Landlord having made arrangements with an operator thereof who has obtained all required liquor licensing allowing such legal usage; and Landlord agrees to use reasonable good faith efforts to have such an operator engaged at all times during the Term in order to provide the bar service as and when required hereunder.    

   

  C. Landlord shall construct, on or before the Amenities Delivery Date, and thereupon offer the use of a bicycle storage area to Building tenants, generally, at the Building, and Tenant and its employees shall have the right to use such bicycle storage area for storage of bicycles upon the same terms and conditions as applicable to usage generally by other tenants at the Building, without payment of any fee or other charge relative to such bicycle storage area usage (subject, however, to costs and expenses relating to the bicycle storage area that are permitted to be included in Expenses pursuant to Section 5 hereof).  Use of the bicycle storage area shall be subject to such Rules and Regulations as may be promulgated by Landlord therefor from time to time. Landlord shall complete any incomplete portion of the aforedescribed bicycle storage area, and to offer the same for usage by Building tenants (including Tenant), on or before the Amenities Delivery Date.  Unless Tenant otherwise agrees (at its discretion), the bicycle storage area amenity contemplated by this paragraph shall, at a minimum, continue to be available at the Building during the entire initial stated Term of this Lease (and, further, during the entire Extension Period hereunder, unless Landlord notified Tenant, as part of its Market Rental Rate notice relative to the extension option under Section 31 above, or at any other time prior to Tenant's exercise of its extension option under Section 31, that said bicycle storage area amenity may be closed during the Extension Period).  

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  D. Landlord has heretofore constructed or shall hereafter construct, on or before the Amenities Delivery Date, and in either case shall thereupon offer the use of a fitness center to Building tenants, generally, at the Building, and Tenant and its employees shall have the right to use such fitness center upon the same terms and conditions as applicable to usage generally by other tenants at the Building (subject, however, in any event, to costs and expenses relating to the fitness center that are permitted to be included in Expenses pursuant to Section 5 hereof, including, without limitation, costs of leasing the fitness center equipment, which shall be permitted to be included in Expenses, notwithstanding anything in this lease to the contrary ).  Use of the fitness center shall be subject to such Rules and Regulations as may be promulgated by Landlord therefor from time to time. Landlord shall complete any incomplete portion of the aforedescribed fitness center, and to offer the same for usage by Building tenants (including Tenant), on or before the Amenities Delivery Date.  Unless Tenant otherwise agrees (at its discretion), the fitness center amenity contemplated by this paragraph shall, at a minimum, continue to be available at the Building during the entire initial stated Term of this Lease (and, further, during the entire Extension Period hereunder, unless Landlord notified Tenant, as part of its Market Rental Rate notice relative to the extension option under Section 31 above, or at any other time prior to Tenant's exercise of its extension option under Section 31, that said fitness center amenity may be closed during the Extension Period).

   

  E. Landlord has heretofore constructed or shall, on or before the Amenities Delivery Date, construct and in either case shall thereupon offer the use of a cafe to Building tenants, generally, at the Building, and Tenant and its employees shall have the right to use such cafe upon the same terms and conditions as applicable to usage generally by other tenants at the Building (subject, however, to costs and expenses relating to the rooftop deck that are permitted to be included in Expenses pursuant to Section 5 hereof).  Use of the cafe shall be subject to such Rules and Regulations as may be promulgated by Landlord therefor from time to time. Landlord shall complete any incomplete portion of the aforedescribed cafe, and to offer the same for usage by Building tenants (including Tenant), on or before the Amenities Delivery Date.  Unless Tenant otherwise agrees (at its discretion), the cafe contemplated by this paragraph shall, at a minimum, be available at the Building during the entire initial stated Term of this Lease. The operation of any such cafe described above shall be subject to Landlord having made arrangements with an operator thereof who has obtained all required licensing allowing such legal usage.   

   

  F. Landlord may temporarily close any the foregoing (or future) base Building amenities in order to perform repairs, alterations or improvements or in the event of an emergency, and, in particular, Landlord may temporarily close the rooftop deck and/or tenant lounge common amenity facilities for private parties. Landlord shall use good faith diligent efforts to minimize the time periods for any such temporary closure of the foregoing amenities.  Landlord shall have the right to relocate any of the foregoing common amenity areas from time to time to other locations at the Building, all at Landlord's sole cost and expense (provided that the foregoing amenities will not be closed during the course of the relocation, other than for temporary closures unrelated to the relocation as described above in this Section 38.F.). Further, following the initial stated Term hereof, Landlord may add or remove amenities at the Building (including those specified above in this Section 38) as Landlord deems necessary or desirable (provided that Landlord shall not so remove any such amenities during the Extension Period hereunder, unless Landlord notified Tenant, as part of its Market Rental Rate notice relative to the extension option under Section 31 above, or at any other time prior to Tenant's exercise of its extension option under Section 31, that said amenities may be closed during the Extension Period).

   

  39. PRE-OCCUPANCY EXPANSION OPTION. Subject to the provisions hereinafter set forth (including the terms and conditions of Section 39.F. below regarding “available office space”), Landlord hereby grants to Tenant the option to lease, on the terms and conditions hereinafter set forth, all or a portion of the office space on the 9th floor of the Building which is not otherwise being leased by Tenant as part of the initial Premises hereunder (the “Pre-Occupancy Expansion Space”), the exact area and location of the Pre-Occupancy Expansion Space to be designated by Tenant (and finalized by Landlord as provided in Section 39.E. below) within the parameters set forth in Section 33.B. below. 

   

  A. Tenant’s option to lease the Pre-Occupancy Expansion Space shall be exercisable by written notice from Tenant to Landlord of Tenant’s election to exercise said option given not later than the day preceding the Commencement Date hereunder, time being of the essence.  If Tenant’s option is not so exercised, said option shall thereupon terminate and Tenant shall not thereafter have any right to lease the Pre-Occupancy Expansion Space pursuant to this Section 39.  Tenant’s exercise notice, to be effective hereunder, shall indicate the Rentable Square Feet desired by Tenant to comprise the Pre-Occupancy Expansion Space, all within the parameters set in Section 33.B. below.

   

  B. Tenant may not elect to lease, as the Pre-Occupancy Expansion Space, an area which is less than 10,000 RSF or an area which is greater than 15,000 RSF, and the location shall generally be the northside of the 9th floor.

   

  C. Tenant may only exercise its right to lease a portion of the Pre-Occupancy Expansion Space, and an exercise thereof shall only be effective, if at the time of Tenant’s exercise of said right and on the Commencement Date, this Lease is in full force and effect and Tenant is not in Default beyond applicable cure periods under this Lease (it being understood that if Tenant is then in default under this Lease, then the effectiveness of any exercise of Tenant’s expansion option under this Section 39 may, at Landlord’s election, be conditioned upon Tenant first having cured such default within applicable cure periods hereunder), and (inasmuch as 

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  said option is intended only for the benefit of the original Tenant named in this Lease or a permitted Tenant Affiliate assignee under Section 17 hereof), the original Tenant named herein has not assigned this Lease (other than to a permitted Tenant Affiliate under Section 17 hereof) or subleased any portion of the Premises (other than to a permitted Tenant Affiliate under Section 17 hereof).  Without limitation of the foregoing, no sublessee or assignee (other than an assignee which is a permitted Tenant Affiliate under Section 17 hereof) shall be entitled to exercise said option under this Section 39 and no exercise of said option by the original Tenant named herein or by a permitted Tenant Affiliate assignee shall be effective in the event said Tenant or Tenant Affiliate assigns this Lease (other than to a permitted Tenant Affiliate under Section 17) or subleases any portion of the Premises (other than to a permitted Tenant Affiliate under Section 17 hereof) prior to the Commencement Date.  In the event Tenant has assigned this Lease to a Tenant Affiliate under Section 17 hereof as of the time of Tenant’s exercise of said right or as of the Commencement Date, then, at Landlord’s election, any exercise of the option under this Section 39 and the lease amendment contemplated by Section 39.E. below must be signed by both the original named Tenant (i.e., unless such entity no longer exists as a separate legal entity as a direct result of the transaction giving rise to the assignment of this Lease to such Tenant Affiliate, such as in the case of a merger) and each such successor Tenant Affiliate assignee in order to be effective.  Notwithstanding anything herein to the contrary, Landlord shall have the right to waive any of the conditions to the effectiveness of Tenant’s exercise of its option rights under this Section 39, as such conditions are described above in this Section 39.C., and if Landlord so elects to waive such conditions, the exercise by Tenant shall be deemed effective in all respects.  Any such waiver by Landlord shall be in writing in order to be effective for purposes of the immediate preceding sentence.

   

  D. If Tenant has validly exercised its option to lease Pre-Occupancy Expansion Space, then the applicable Pre-Occupancy Expansion Space shall be included as part of the Premises for all purposes of this Lease, subject to all of the terms, conditions and provisions of this Lease applicable to the balance of the Premises, including the following terms set forth in this Section 33.D.  Without limitation of the foregoing: 

   

  (i) Base Rent per square foot of Rentable Square Feet of the applicable Pre-Occupancy Expansion Space shall be at the same respective rates from time to time as Base Rent for the initial Premises (i.e., as described in Section 1 hereinabove);

   

  (ii) the Rentable Square Feet of the Premises shall, for all purposes of this Lease, be increased by the Rentable Square Feet of the applicable Pre-Occupancy Expansion Space (and Tenant’s Proportionate Share, for all purposes, including for purposes of determining Additional Rent payable for Expenses and Taxes hereunder, shall be increased accordingly);

   

  (iii) the term of the demise covering the applicable Pre-Occupancy Expansion Space shall commence on the later of the Commencement Date and the date on which Tenant is granted occupancy of the Pre-Occupancy Expansion Space in the condition required for the initial Premises on the Turnover Date (which shall include Landlord having completed the Landlord Work in the Pre-Occupancy Expansion Space), and shall expire simultaneously with the expiration or earlier termination of the Term of this Lease, including any extension or renewal thereof; and

   

  (iv) the turnover date for such Pre-Occupancy Expansion Space shall be the later of (A) the Turnover Date hereunder, or (B) within five (5) business days after Tenant’s exercise of said option, and Tenant shall be subject to the same beneficial occupancy terms relative to the Pre-Occupancy Expansion Space, for periods prior to the Commencement Date (including payment of the Early Occupancy Charge) as applicable to the balance of the Premises, and the applicable Pre-Occupancy Expansion Space shall be delivered to Tenant in “Turnover Condition”, as defined in Section 28.C. and otherwise rented in its as-is condition as of the Commencement Date; provided that Tenant shall be entitled to an “Allowance” for any “Tenant’s Work” performed therein or within the balance of the Premises equal to $135.00 per Rentable Square Foot of the applicable Pre-Occupancy Expansion Space, which Tenant’s Work shall otherwise be performed and which Allowance shall otherwise be disbursed pursuant to the terms of the Workletter, and provided further, that the Tenant’s Work at the Pre-Occupancy Expansion Space shall include, in any event, the Landlord Funded Tenant’s Work described in Part C of Exhibit A, (which Landlord Funded Tenant’s Work shall be performed in accordance with the same terms of this Lease and the Workletter attached hereto as applicable to the balance of the Tenant’s Work); and

   

  (v) Tenant shall be entitled to an abatement of Base Rent and Additional Rent relative to the Pre-Occupancy Expansion Space for each of the Rent Abatement Months under this Lease, all in accordance with the same terms and conditions as applicable to the balance of the initial Premises hereunder. 

   

  E. If Tenant has validly exercised its option to lease Pre-Occupancy Expansion Space, within thirty (30) days after request by either party hereto, Landlord and Tenant shall enter into a written amendment to this Lease confirming the terms, conditions and provisions applicable to the Pre-Occupancy Expansion Space being leased by Tenant as determined in accordance herewith, which amendment shall include a final floor plan to be prepared by or on behalf of Landlord showing, the exact area, location and configuration of the Pre-Occupancy Expansion Space, determined in accordance with this Section 39.E.  The size and location of the applicable Pre-Occupancy Expansion Space shall be determined by Tenant in its exercise notice, in accordance with the parameters described in Section 39.B. above (provided that the exact size, configuration and location shall be determined by 

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  Landlord and set forth in a final floor plan prepared by Landlord’s architect, so long as the size is consistent with the Rentable Square Feet which was so designated by Tenant in its exercise notice, plus or minus 10% (to be decided by Landlord) and so long as the location meets the criteria described in Section 39.B. above, and provided that such space shall be in a commercially leasable configuration and location, including, without limitation, a reasonably proportionate share of the window line located on such floor of the Building, reasonable access to the elevator lobby on such floor of the Building, and which configuration and location shall satisfy all applicable building codes).

   

  F. Tenant’s right to lease all or any particular portion of the Pre-Occupancy Expansion Space shall only apply to the extent there is “available office space” (as hereinafter defined) on the 9th floor of the Building at the time of Tenant’s exercise of its option under this Section 39, to meet the Pre-Occupancy Expansion Space size and other requirements in accordance with the parameters set forth in this Section 39.C. above  and as such size is designated by Tenant in its exercise notice.  For purposes of the foregoing, office space on the 9th floor shall be deemed “available office space” if, at the time of Tenant’s exercise notice, such office space is not the subject of any lease or option to be lease that has been entered into between Landlord and another tenant or otherwise granted by Landlord to another Tenant, and Landlord is not then in  “serious discussions” with a prospective tenant for the leasing of the subject office space and/or the granting of options to lease the subject office space (which shall include, in order to constitute serious discussions, delivery by Landlord to such party of a second proposal for the leasing and/or granting of leasing options relative to such subject office space, or delivery by such party to Landlord of a proposal or counterproposal for the leasing and/or granting of leasing options relative to such subject space, or the joint execution by Landlord and such party of a term sheet, letter of intent or other jointly signed proposal for the leasing and/or granting of leasing options relative to such subject office space).   

   

  40. SELF HELP/SET-OFF RIGHTS-ALLOWANCE DISBURSEMENT DEFAULTS.  If Landlord has defaulted in its obligation to disburse the “Allowance” (as defined in the Workletter), in any such case as and when required under the Workletter (herein, in any such case, an “Allowance Disbursement Default”), which Allowance Disbursement Default continues for a period of ten (10) business days after written notice thereof from Tenant to Landlord, which written notice states therein, in all capital and bold letters, that “FAILURE TO DISBURSE THE PENDING REQUEST FOR DISBURSEMENT OF THE ALLOWANCE WITHIN TEN (10) BUSINESS DAYS FOLLOWING YOUR RECEIPT OF THIS NOTICE SHALL GIVE RISE TO TENANT'S SELF HELP AND SET-OFF RIGHTS SET FORTH IN SECTION 40 OF OUR CHICAGO LEASE FOR SPACE AT 24 EAST WASHINGTON”, then Tenant shall have the right to remedy such Allowance Disbursement Default by disbursing the applicable amount so in default from Tenant’s own funds, for payment of items for which such payment from Landlord would have otherwise been applied as described in the Workletter, and by thereafter deducting such Allowance Disbursement Default amounts so in default and so disbursed by Tenant from Rent thereafter becoming due hereunder until such amount expended by Tenant has been fully offset against Rent due from time to time hereunder.  Notwithstanding the foregoing, if Landlord, in good faith, notifies Tenant in writing within ten (10) business days after receipt of Tenant’s notice described above, that Landlord contests Tenant’s assertion that Landlord has committed an Allowance Disbursement Default and states in reasonable detail the basis for its contest, then, in such case, Tenant shall not have the right to offset any amounts from Rent coming due under this Lease in accordance with the foregoing unless and until the issue of whether Landlord has committed an Allowance Disbursement Default has been finally resolved in Tenant’s favor in a binding arbitration proceeding (i.e., if the parties mutually agree, at their discretion, to have the dispute resolved by such binding arbitration) or by a court of competent jurisdiction. If Tenant exercises its remedy under this Section 40, then the remedy available to Tenant under this Section 40 shall be the sole recourse of Tenant on account of any such Allowance Disbursement Default.

    

   [Signature Page to Follow]

   

  IN WITNESS WHEREOF, the parties hereto have executed this Lease in manner sufficient to bind them as of the day and year first above written.

   

  				
	 LANDLORD:
	TENANT:

	  
	BSREP II SS CHICAGO LLC, a Delaware limited liability company
	 VIVID SEATS LLC, a Delaware limited liability company

	By:
	 /s/ Matthew Whitty
	By:
	/s/ Lawrence Fey

	Name: 
	Matthew Whitty
	Name:
	Lawrence Fey

	Its:
	Vice President
	Its: 
	Chief Financial Officer

   

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